Because Dendreon Corporation (NASDAQ : DNDN) has faced declining interest from the smart money's best and brightest, we can see that there lies a certain "tier" of funds that elected to cut their positions entirely in Q1. Interestingly, Stephen DuBois's Camber Capital Management cut the biggest position of all the hedgies we track, valued at about $11.8 million in stock. Sanford J. Colen's fund, Apex Capital, also cut its stock, about $5.7 million worth. These transactions are intriguing to say the least, as aggregate hedge fund interest dropped by 2 funds in Q1.