PINK etf - Investing in the Future of Health Care with Mike Taylor

[target2019]

As a reminder, we're in the active investing forum.

I get random investing podcasts throughout the day, and followed up on an episode of Excess Returns about a small healthcare ETF (PINK) managed by an interesting fellow.

https://open.spotify.com/episode/2SOkkvL2IGfL8cf0qxltVH?si=PfzA5eVXQ22vA8eAgFpfiA

I listened twice. Mike Taylor began his career as a virologist in a lab, so he has insight into healthcare science that I certainly lack. Here is a Kiplinger article that was written when the ETF first came out.

Simplify Health Care ETF is immediately a rarity in its category in that it has a human being at the helm. ETF.com lists more than 50 healthcare-related exchange-traded funds, and the vast majority are index products – Cathie Wood's ARK Genomic Revolution ETF (ARKG) is among the most notable exceptions. Steering the ship is Michael Taylor, who has more than 20 years of healthcare investing experience, including more than a decade at hedge fund Critical Mass Partners, as well as stints at Citadel, Diamondback Capital and Oppenheimer Funds. Before that? He was a virologist who worked in drug development. https://www.kiplinger.com/investing...hcare-etf-will-donate-fees-to-cancer-research

All current holding are in a large spreadsheet at this page: https://www.simplify.us/etfs/pink-simplify-health-care-etf

Other Simplify ETF's are also in the spreadsheet, which has filters.

 

[olyveoil]

PINK Top Holdings include:
Intuitive Surgical
ABBV
ABT
Regeneron
MRK
LLY
TMO
Zimmer
BSX
JNJ

--NOT small Healthcare.

I own ARKG -- .4% of my portfolio
I also own ABBV and MRK for dividend growers

 

[target2019]

That was "small" as in small ETF. Sorry to confuse you.

Here are the top 10 holdings as of yesterday.

Intuitive Surgical Inc. ISRG 9.8%
SAREPTA THERAPEUTICS INC SRPT 8.7%
Cigna Corp CI 6.5%
COOPER COS INC NPV COO 4.8%
Thermo Fisher Scientific Inc TMO 4.8%
Lilly (Eli) & Co. LLY 4.6%
Align Technology Inc ALGN 4.6%
MERCK & CO INC MRK 4.5%
Royalty Pharma PLC RPRX 4.4%
PURECYCLE TECHNO INC PCT 4.1%

I imagine the ranking can change very quickly.

How's ARKG treating you? I don't know much about ARK funds.

 

[olyveoil]

ARKG is sucking wind. But letting it ride.

Small - Micro Healthcare holdings for me:
RXDX - cost basis of $22. Bought by MRK at $200
MNMD (LSD therapy) - Cost basis of $34. now at $8 after a nasty reverse 1-15 split.
PHAT - Cost basis of $9. Now at $8. Continuing to add on dips.

 

[target2019]

Very little overlap between ARKG and PINK. Both hold less than 50 companies.