Essex Woodlands Management 13F annual report

Essex Woodlands Management is an investment fund managing more than $307 billion ran by Gregory Hill. There are currently 7 companies in Mr. Hill’s portfolio. The largest investments include MiMedx Inc and Bioventus, together worth $270 billion.

$307 billion Assets Under Management (AUM)

As of 7th August 2024, Essex Woodlands Management’s top holding is 28,195,249 shares of MiMedx Inc currently worth over $195 billion and making up 63.7% of the portfolio value. Relative to the number of outstanding shares of MiMedx Inc, Essex Woodlands Management owns less than 0.3% of the company. In addition, the fund holds 13,021,324 shares of Bioventus worth $74.9 billion. The third-largest holding is TELA Bio worth $19.3 billion and the next is EyePoint Pharmaceuticals Inc worth $13.5 billion, with 1,551,521 shares owned.

Currently, Essex Woodlands Management's portfolio is worth at least $307 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Essex Woodlands Management

The Essex Woodlands Management office and employees reside in The Woodlands, Texas. According to the last 13-F report filed with the SEC, Gregory Hill serves as the Chief Compliance Officer and Chief Financial Officer at Essex Woodlands Management.

Recent trades

In the most recent 13F filing, Essex Woodlands Management revealed that it had opened a new position in Venus Concept and bought 1,089,190 shares worth $853 million. This means they effectively own approximately 0.1% of the company. Venus Concept makes up 0.4% of the fund's Health Care sector allocation and has decreased its share price by 62.6% in the past year.

The investment fund also strengthened its position in MiMedx Inc by buying 4,779,665 additional shares. This makes their stake in MiMedx Inc total 28,195,249 shares worth $195 billion. MiMedx Inc dropped 15.9% in the past year.

On the other hand, there are companies that Essex Woodlands Management is getting rid of from its portfolio. Essex Woodlands Management closed its position in Venus Concept on 14th August 2024. It sold the previously owned 31,337,856 shares for $10 billion. Gregory Hill also disclosed a decreased stake in EyePoint Pharmaceuticals Inc by 0.6%. This leaves the value of the investment at $13.5 billion and 1,551,521 shares.

One of the smaller hedge funds

The two most similar investment funds to Essex Woodlands Management are Princeton Capital Management and Capital Planning. They manage $307 billion and $307 billion respectively.

Gregory Hill investment strategy

Essex Woodlands Management’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Health Care — making up 75.6% of the total portfolio value. The fund focuses on investments in the United States as 71.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 29% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $375 million.

The complete list of Essex Woodlands Management trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
MiMedx Group, Inc	20.41% 28,195,249	$195,393,076,000	63.71%
Bioventus	7.64% 13,021,324	$74,872,613,000	24.41%
TELA Bio, Inc.	No change 4,110,709	$19,320,332,000	6.30%
EyePoint Pharmaceuticals Inc	62.98% 1,551,521	$13,498,233,000	4.40%
Venus Concept Inc.	Closed 31,337,856	$10,028,114,000
Medicinova Inc	No change 1,105,941	$1,592,555,000	0.52%
Revance Therapeutics Inc	No change 457,085	$1,174,708,000	0.38%
Venus Concept Inc.	Opened 1,089,190	$852,836,000	0.28%
No transactions found
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