{
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  "docSlug": "c358888161f0",
  "documentTitle": "Ginkgo Bioworks (DNA)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-10-06 00:00:00",
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  "pageNumber": 14,
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  "density": "balanced",
  "nDataPoints": 54,
  "notes": "The slide uses a table of current shareholders to highlight the 'smart money' concentration.",
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      "kind": "callout",
      "text": "The largest holder in Ginkgo - the “smart money” - is hedge fund Viking Global.",
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      "text": "Market Value: $3.5B",
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      "kind": "paragraph",
      "text": "The largest holder in Sino-Forest was billionaire John Paulson, illustrating a key feature of the largest frauds: a famous, respected investor - the \"smart money\" - whose presence lends credibility to the scam. Without the legitimacy they provide, a fraud can't scale in the first place. JP Morgan stood behind Madoff; Bill Ackman bet the farm on Valeant; Theranos had Walgreens; Nikola had GM. The largest holder in Ginkgo - the \"smart money\" - is hedge fund Viking Global. Viking is a \"Tiger cub\" - a term for funds started by alumni of Julian Robertson's Tiger Management. Viking is run by Andreas Halvorsen and was the largest holder with a 24% stake prior to the offering, currently worth $3.5B per Capital IQ, followed by a hedge fund hotel of similar players.",
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      "text": "Source: Capital IQ",
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      "kind": "table",
      "text": "Latest Holders table showing Viking Global Investors LP as the top holder.",
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