Insights with Perspective
This is the issue of the Life Science Industry Observation WeChat Official Account1680-3Issue Article
Author: Starry Sea NavigatorNow, it appears that our estimates were largely accurate.Keith Meister viaCorvex Management LPHolding a significant stake in Illumina, Keith Meister is continuing to reduce his holdings, according to the latest public filings.On May 13, 2026, Corvex Management LP filed a document with the SEC, selling its holding of 600,000 shares of Illumina common stock for a total value of approximately $87 million.May 29, 2026Corvex Management LPFiled again with the SEC, seeking to sell 400,000 shares of Illumina stock for approximately $63.48 million.From the documents, we can also gain insight into the previous stock reduction activities.After superposition,Corvex Management LPA total of 1 million shares of Illumina common stock will be reduced, amounting to approximately USD 154.3 million.Now, some readers may ask:Corvex Management LPHow many stocks are left in your pocket?You’ve come to the right person. Let’s review the records in this document.As of May 29, 2026,Corvex Management LPHolding approximately 3.5 million shares of Illumina stock (the difference from our previously cited data is not significant, considering the prior reduction in holdings).If the 400,000 shares are sold in this transaction, approximately 3.1 million shares will remain.There is still some distance to go before clearance, but our estimate isCorvex Management LPWill continue to reduce holdings in Illumina stock.Since the beginning of 2026, Illumina’s stock has risen by more than 24%. Based on Unusual Whales’ data, our estimated cost basis was approximately $110.47 per share, implying a rough profit of around $150 million."Hey, with this kind of money-making speed, who would still bother building sequencers?"Author: Starry Sea Navigator❖ Important Disclaimer: The content of this article is for study and exchange purposes only. The views expressed are solely those of the author. Copyright belongs to the original rights holder. For any inquiries, please contact the editor.
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