FAQ: What Is a Hedge Fund Pick & a Hedge Fund Avoid?

Hedge Fund Picks & Hedge Fund Avoids

In addition to releasing the Q1 2026 Big Movers list, BPIQ has also launched new features that show how biopharma-focused hedge funds are positioned around these catalysts.

Hedge Fund Picks

Hedge Fund Picks are Big Mover™ catalysts) for biotech stocks with significant hedge fund ownership. These companies are actively held by a relatively large number of biopharma-focused hedge funds, helping you focus on high-conviction catalysts followed closely by institutional investors. A Hedge Fund Pick is a Big Mover or Suspected Mover that falls within the top 10% of public biopharma companies based on how many leading biopharma-focused hedge funds hold the stock.

This highlights Big Movers that:

• Have upcoming high-impact catalysts

• Are widely held by biopharma-focused hedge funds

Hedge Fund Avoids

Hedge Fund Avoids are Big Mover™ catalysts for biotech stocks not held by any of the biopharma-focused hedge funds we track. More specifically a Hedge Fund Avoid is a Big Mover or Suspected Mover where none of the over 30 top biopharma-focused hedge funds we track, hold the company. These represent the bottom ~10% of companies by hedge fund ownership.

Hedge Fund Avoids can provide useful context for investors who:

• Already hold a stock with an upcoming catalyst

• Trade options around biotech events

• Monitor potential downside risk ahead of readouts

  
  

This information is provided to support research and diligence, not as investment advice.

Elite and Apex subscribers, Big Movers and the new hedge fund signals are fully integrated into the BPIQ Catalyst Calendar advanced filters.

This allows you to:

• Quickly surface high-impact upcoming events

• Combine catalyst timing with biopharma-focused institutional investor signals

• Build a more focused list of companies for further research

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Paid Elite and Apex Subscribers: Check out the complete list of Big Movers

Free Users: Unlock the full list of big movers by subscribing to BPIQ Elite or BPIQ APEX today!