Hedge fund run by T. Rowe Price's former star manager adds to bets in health care, industrials

A fast-growing hedge fund tacked toward health care and industrial stocks during the second quarter, according to securities filings released this week. Durable Capital Partners is a relatively new firm by Henry Ellenbogen, who helmed T. Rowe Price's New Horizons fund for most of the last decade. That mutual fund regularly ranked among the best in its category during Ellenbogen's tenure, according to Morningstar .

West has been a big winner this year, with shares rising nearly 70%, though the securities filings do not show exactly when Durable bought the additional stock. On the industrials side, Durable increased its stakes in JB Hunt Transportation and RBC Bearings by 27.3% and 10.2%, respectively, according to Verity and securities filings. The fund also made modest downward adjustments to some of its top holdings.

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