Will Affymax’s Loss Annoy These Top Institutional Shareholders?

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Affymax (NASDAQ:AFFY) reported that net loss for the fourth quarter of 2012 totaled $68.3 million or $1.85 per share versus a net loss of $29.4 million or $0.82 per share during the fourth quarter of 2011. On February 23, Affymax announced that there will be a nationwide voluntary recall of OMONTYS due to postmarketing reports about safety concerns, including anaphylaxis, which can be life-threatening or fatal. This has caused Affymax to re-evaluate various estimates made as of period-end and recorded financial statement adjustments to reflect changes. Total revenue for the quarter saw an increase to $14.80 million from $3.68 million in the prior year quarter.

These institutional firms indicated owning shares of Affymax in Q1 2013. They reported owning a total of 0 shares on 03/31/2013. The shares closed at $1.38 on 03/31/2013.

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Here are the ten largest positions in Affymax at the end of March 31, 2013.

Orbimed Advisors LLC held 2,577,000 shares on 12/31/2012 worth $48,937,229. This brought the portfolio total to 1.39 percent.

Vanguard Group Inc held 2,336,679 shares on 12/31/2012 worth $44,373,534. This brought the portfolio total to 0.01 percent.

Oppenheimer Funds Inc held 2,300,000 shares on 12/31/2012 worth $43,676,999. This brought the portfolio total to 0.07 percent.

FMR LLC held 2,232,127 shares on 12/31/2012 worth $42,388,091. This brought the portfolio total to 0.01 percent.

Visium Asset Management LP held 2,075,000 shares on 12/31/2012 worth $39,404,250. This brought the portfolio total to 1.37 percent.

Blackrock Fund Advisors held 1,393,948 shares on 12/31/2012 worth $26,471,072. This brought the portfolio total to 0.01 percent.

State Street Corp held 1,380,746 shares on 12/31/2012 worth $26,220,366. This brought the portfolio total to 0.0 percent.

Gilder, Gagnon, Howe & Co LLC held 1,138,390 shares on 12/31/2012 worth $21,618,026. This brought the portfolio total to 0.53 percent.

Sectoral Asset Management Inc held 1,134,906 shares on 12/31/2012 worth $21,551,865. This brought the portfolio total to 0.76 percent.

Price T Rowe Associates Inc /MD/ held 1,107,824 shares on 12/31/2012 worth $21,037,578. This brought the portfolio total to 0.01 percent.

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