Sheets Smith Wealth Management is a hedge fund based in North Carolina that, on its last quarterly 13F, reported a total value of its portfolio of $365 million, with an increase of 1.02% since the previous quarter. During Q2 2015 the investment professional bought 19 new stocks and increased 84 of its existing stakes. The following are the most heavily weighted buys during the quarter.
It bought shares of Allergan PLC (AGN) with an impact of 2.48% on its portfolio. The Investor, as well as other hedge funds such as Moody Lynn & Lieberson, Lawrence W. Kelly & Associates and M&R Capital Management, have found the company attractive, that is engaged in development, manufacturing, marketing, sale and distribution of generic, branded generic, brand name, biosimilar and over-the-counter pharmaceutical products. It also develops and out-licenses generic pharmaceutical products in Europe through its Medis third-party business. It operates in three segments, Pharma, Specialty Brands and Anda Distribution. Continue Reading »