undamentalytics Newsletter

Institution

Orbimed Advisors LLC

13F for June 30, 2026, filed August 14, 2026 · SEC CIK 1055951 · Holdings history from September 30, 2000

Reported value
$5.4bn
92% in companies we cover
Positions we cover
112
Largest EWTX 11.7%
Copy, a year
+9.9%
S&P 500 +11.7%
Copy Sharpe ratio
0.47
S&P 500 0.62

Copy-performance statistics: February 15, 2008 to November 2, 2026. Holdings history can start earlier than the price data used for performance.

Historical holdings

Holdings across the available history, including securities outside our stock coverage. Select a date to view the holdings for that period.

129 reported entries for June 30, 2026.

IssuerClass / typeReported valueQuantity
ABIVAX SA00370M103 · ABVX SPONSORED ADSCall $26.7m 200,000
ABIVAX SA00370M103 · ABVX SPONSORED ADS $72.8m 546,522
ACADIA PHARMACEUTICALS INC004225108 · ACAD COM $3.5m 137,000
ACLARIS THERAPEUTICS INC00461U105 · ACRS COM $2.2m 421,500
ADICET BIO INC007002207 · ACET COM NEW $7.3m 844,787
AGOMAB THERAPEUTICS NV00860C102 · AGMB SPONSORED ADS $2.5m 192,740
ALNYLAM PHARMACEUTICALS INC02043Q107 · ALNY COM $5.1m 17,000
ALTO NEUROSCIENCE INC02157Q109 · ANRO COM SHS $6.8m 257,852
ALUMIS INC022307102 · ALMS COM $15.4m 548,163
ALX ONCOLOGY HLDGS INC00166B105 · ALXO COM $5.9m 2,866,256
AMYLYX PHARMACEUTICALS INC03237H101 · AMLX COM $3.3m 183,400
ARCUTIS BIOTHERAPEUTICS INC03969K108 · ARQT COM $53.5m 2,042,000
ARGENX SE04016X101 · ARGX SPONSORED ADR $86.2m 92,880
ARRIVENT BIOPHARMA INC04272N102 · AVBP COM $105.2m 3,027,328
ARS PHARMACEUTICALS INC82835W108 · SPRY COM $66.4m 8,288,510
ARTIVION INC228903100 · AORT COM $3.9m 175,000
ASCENDIS PHARMA A/SK08588103 · ASND ORD SHS $65.2m 244,456
ASTRAZENECA PLCG0593M107 · AZN ORD $171.1m 915,700
PRELUDE THERAPEUTICS INC74065P101 · PRLD COM $73.2m 13,724,571
PRELUDE THERAPEUTICS INC000000000 NON VOTING $30.3m 5,680,186
PROTAGONIST THERAPEUTICS INC74366E102 · PTGX COM $5.2m 42,100
PROTAGONIST THERAPEUTICS INC74366E102 · PTGX COMCall $18.4m 150,000
PROTARA THERAPEUTICS INC74365U107 · TARA COM STK $8.5m 2,220,000
PTC THERAPEUTICS INC69366J200 · PTCT COM $4.0m 49,100
Q32 BIO INC746964105 · QTTB COM $52.6m 4,127,987
RAPPORT THERAPEUTICS INC75383L102 · RAPP COM $3.2m 76,616
RELMADA THERAPEUTICS INC75955J402 · RLMD COM $25.1m 3,631,195
REVOLUTION MEDICINES INC76155X100 · RVMD COMCall $9.4m 50,000
REVOLUTION MEDICINES INC76155XAA8 NOTE 0.500% 5/0 $4.4m 3,500,000
REVOLUTION MEDICINES INC76155X100 · RVMD COM $13.2m 70,500
RHYTHM PHARMACEUTICALS INC76243J105 · RYTM COM $35.9m 322,900
SAVARA INC805111101 · SVRA COM $24.4m 3,959,900
SELLAS LIFE SCIENCES GROUP I81642T209 · SLS COM NEWPut $1.4m 92,500
SHATTUCK LABS INC82024L103 · STTK COM $43.8m 6,306,127
SINOVAC BIOTECH LTDP8696W104 SHS $184.5m 2,718,735
SIONNA THERAPEUTICS INC829401108 · SION COM $112.4m 2,555,877
SPDR SERIES TRUST78464A870 ST STR SP BIOTPut $47.5m 300,000
SPRUCE BIOSCIENCES INC85209E208 · SPRB COM NEW $10.8m 200,000
SPYRE THERAPEUTICS INC00773J202 · SYRE COM NEW $16.5m 186,145
STRUCTURE THERAPEUTICS INC86366E106 · GPCR SPONSORED ADS $118.6m 2,209,400
STRYKER CORPORATION863667101 · SYK COM $50.1m 159,100
SUTRO BIOPHARMA INC869367201 · STRO COM SHS $24.7m 743,944
SYNDAX PHARMACEUTICALS INC87164F105 · SNDX COM $33.7m 1,542,000
TARSUS PHARMACEUTICALS INC87650L103 · TARS COM $2.2m 35,581
TAYSHA GENE THERAPIES INC877619106 · TSHA COM SHS $13.6m 2,000,000
TECTONIC THERAPEUTIC INC878972108 · TECX COM $7.8m 226,600
THERMO FISHER SCIENTIFIC INC883556102 · TMO COM $45.5m 90,700
TRAVERE THERAPEUTICS INC89422G107 · TVTX COM $14.4m 253,000
TRAVERE THERAPEUTICS INC89422GAB3 NOTE 0.500% 5/1 $5.9m 5,000,000
TRAWS PHARMA INC68232V884 · TRAW COM NEW $1.0m 1,203,260
TREVI THERAPEUTICS INC89532M101 · TRVI COM $26.7m 1,430,293
TYRA BIOSCIENCES INC90240B106 · TYRA COM $3.3m 102,000
UNIQURE NVN90064101 · QURE SHS $83.3m 1,807,486
UNITEDHEALTH GROUP INC91324P102 · UNH COM $67.0m 161,100
UNITEDHEALTH GROUP INC91324P102 · UNH COMCall $4.2m 10,000
UPSTREAM BIO INC91678A107 · UPB COM $39.4m 5,693,589
UROGEN PHARMA LTDM96088105 · URGN COM $24.9m 676,187
VERA THERAPEUTICS INC92337R101 · VERA CL A $15.9m 369,596
VIRIDIAN THERAPEUTICS INC92790CAB0 NOTE 1.750% 5/1 $1.1m 1,000,000
WATERS CORP941848103 · WAT COM $15.1m 40,300
WEST PHARMACEUTICAL SVSC INC955306105 · WST COM $25.3m 70,600
WHITEHAWK THERAPEUTICS INC00032Q104 · WHWK COM $18.0m 3,934,296
XENON PHARMACEUTICALS INC98420N105 · XENE COM $53.9m 892,471
XILIO THERAPEUTICS INC98422T209 · XLO COM $5.7m 592,300
ZENTALIS PHARMACEUTICALS INC98943L107 · ZNTL COM $6.7m 1,390,576
ATAIBECKLEY INC04650F101 COM SHS $4.2m 797,500
AURA BIOSCIENCES INC05153U107 · AURA COM $23.7m 3,333,333
AXSOME THERAPEUTICS INC.05464T104 · AXSM COM $28.8m 117,578
BELITE BIO INC07782B104 · BLTE SPONSORED ADS $2.0m 13,300
BICARA THERAPEUTICS INC055477103 · BCAX COM $5.7m 191,100
BIOAGE LABS INC09077V100 · BIOA COM $18.4m 752,153
BIOCRYST PHARMACEUTICALS INC09058V103 · BCRX COM $18.5m 1,852,000
BIOGEN INC09062X103 · BIIB COM $13.3m 61,600
BOSTON SCIENTIFIC CORP101137107 · BSX COM $63.3m 1,483,200
BRIGHT MINDS BIOSCIENCES INC10919W405 · DRUG COM NEW $6.5m 93,000
BRISTOL-MYERS SQUIBB CO110122108 · BMY COM $53.3m 925,000
CARIS LIFE SCIENCES INC142152107 · CAI COM $50.0m 2,806,811
CG ONCOLOGY INC156944100 · CGON COM $69.1m 972,800
COGENT BIOSCIENCES INC19240QAA0 NOTE 1.625%11/1 $1.2m 1,000,000
COGENT BIOSCIENCES INC19240Q201 · COGT COM $65.1m 1,681,300
COMPASS THERAPEUTICS INC20454B104 · CMPX COM $33.3m 15,219,994
CORBUS PHARMACEUTICALS HLDGS21833P301 · CRBP COM NEW $16.3m 1,737,287
CORVUS PHARMACEUTICALS INC221015100 · CRVS COM $107.0m 7,165,006
CRINETICS PHARMACEUTICALS IN22663K107 COM $37.4m 999,000
CYBIN INC23256X407 · HELP COM NEW $21.6m 3,271,400
CYTOKINETICS INC23282W605 · CYTK COM NEW $2.2m 25,800
DEFINIUM THERAPEUTICS INC24477V105 · DFTX COM SHS $17.2m 365,400
DIANTHUS THERAPEUTICS INC252828108 · DNTH COM $11.2m 115,000
DISC MEDICINE INC254604101 · IRON COM $26.2m 357,535
DYNE THERAPEUTICS INC26818M108 · DYN COM $71.9m 3,235,684
EDGEWISE THERAPEUTICS INC28036F105 · EWTX COM $630.5m 15,518,492
EDWARDS LIFESCIENCES CORP28176E108 · EW COM $75.5m 834,900
ELEVANCE HEALTH INC FORMERLY036752103 · ELV COMCall $3.9m 10,000
ELEVANCE HEALTH INC FORMERLY036752103 · ELV COM $44.4m 114,700
ELI LILLY & CO532457108 · LLY COM $309.3m 257,900
ENLIVEN THERAPEUTICS INC29337E102 · ELVN COM $343.9m 6,776,632
ERASCA INC29479A108 · ERAS COM $9.1m 495,900
EUPRAXIA PHARMACEUTICALS INC29842P105 · EPRX COM $1.8m 269,000
EVOMMUNE INC30054Y107 · EVMN COM SHS $2.1m 161,000
EYEPOINT INC30233G209 · EYPT COM NEW $15.3m 1,069,147

Values use the units disclosed in the source. Where a dollar scale cannot be established, the original amount is shown as filed. Rows may include separate allocations, options and principal amounts; these are kept separate from the covered-stock portfolio used for performance.

How copying its 13F would have done

$5.0k$10.0k$20.0k$40.0k$80.0k 2008201020122014201620182020202220242026 $78.8k$58.7k
CopyS&P 500 $10,000 copying Orbimed Advisors LLC's usable filed holdings in companies we cover from February 15, 2008, rebalancing at the first weekly close after each usable filing and holding until the next, against the S&P 500 (total return). Missing prices carry their last observed value. Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −52.3% (S&P 500 −50.8%); beta 0.87; alpha +0.7% a year (t = 0.20); last 12 months +4.8% against +12.1%.

Reported value by quarter

Orbimed Advisors LLC: 13F reported value Total reported value where the source's dollar units can be established. Earlier filings in thousands of dollars are converted; dates with unresolved value units are omitted.
$0 $5B $10B $15B Reported value, 2008-03-31: $3.1B Reported value, 2008-06-30: $3.4B Reported value, 2008-09-30: $3.5B Reported value, 2008-12-31: $2.7B Reported value, 2009-03-31: $2.4B Reported value, 2009-06-30: $2.6B Reported value, 2009-09-30: $2.8B Reported value, 2009-12-31: $2.6B Reported value, 2010-03-31: $3.4B Reported value, 2010-06-30: $2.7B Reported value, 2010-09-30: $2.9B Reported value, 2010-12-31: $2.8B Reported value, 2011-03-31: $3B Reported value, 2011-06-30: $3.2B Reported value, 2011-09-30: $2.7B Reported value, 2011-12-31: $3B Reported value, 2012-03-31: $3.4B Reported value, 2012-06-30: $3.6B Reported value, 2012-09-30: $3.5B Reported value, 2012-12-31: $3.3B Reported value, 2013-03-31: $4.3B Reported value, 2013-06-30: $4.7B Reported value, 2013-09-30: $5.6B Reported value, 2013-12-31: $6.8B Reported value, 2014-03-31: $8.1B Reported value, 2014-06-30: $8.5B Reported value, 2014-09-30: $9.6B Reported value, 2014-12-31: $10.5B Reported value, 2015-03-31: $11.7B Reported value, 2015-06-30: $13.6B Reported value, 2015-09-30: $9.9B Reported value, 2015-12-31: $11B Reported value, 2016-03-31: $9.5B Reported value, 2016-06-30: $9.6B Reported value, 2016-09-30: $8.8B Reported value, 2016-12-31: $7.8B Reported value, 2017-03-31: $8.8B Reported value, 2017-06-30: $9.5B Reported value, 2017-09-30: $10.5B Reported value, 2017-12-31: $7.9B Reported value, 2018-03-31: $8.1B Reported value, 2018-06-30: $8.4B Reported value, 2018-09-30: $8.3B Reported value, 2018-12-31: $5.4B Reported value, 2019-03-31: $6.5B Reported value, 2019-06-30: $6.5B Reported value, 2019-09-30: $5.3B Reported value, 2019-12-31: $7B Reported value, 2020-03-31: $6B Reported value, 2020-06-30: $7.1B Reported value, 2020-09-30: $8B Reported value, 2020-12-31: $11.4B Reported value, 2021-03-31: $10.7B Reported value, 2021-06-30: $9.9B Reported value, 2021-09-30: $9.1B Reported value, 2021-12-31: $7.8B Reported value, 2022-03-31: $6.2B Reported value, 2022-06-30: $5.5B Reported value, 2022-09-30: $5.4B Reported value, 2022-12-31: $5.2B Reported value, 2023-03-31: $5.1B Reported value, 2023-06-30: $5.5B Reported value, 2023-09-30: $4.7B Reported value, 2023-12-31: $5B Reported value, 2024-03-31: $5.5B Reported value, 2024-06-30: $5.1B Reported value, 2024-09-30: $5.5B Reported value, 2024-12-31: $4.9B Reported value, 2025-03-31: $4.2B Reported value, 2025-06-30: $4B Reported value, 2025-09-30: $4.3B Reported value, 2025-12-31: $4.9B Reported value, 2026-03-31: $5B Reported value, 2026-06-30: $5.4B 2008-03-31 2011-12-31 2015-09-30 2019-06-30 2023-03-31 2026-06-30 $5.4B
View chart data
Period Reported value
2008-03-31 $3.1B
2008-06-30 $3.4B
2008-09-30 $3.5B
2008-12-31 $2.7B
2009-03-31 $2.4B
2009-06-30 $2.6B
2009-09-30 $2.8B
2009-12-31 $2.6B
2010-03-31 $3.4B
2010-06-30 $2.7B
2010-09-30 $2.9B
2010-12-31 $2.8B
2011-03-31 $3B
2011-06-30 $3.2B
2011-09-30 $2.7B
2011-12-31 $3B
2012-03-31 $3.4B
2012-06-30 $3.6B
2012-09-30 $3.5B
2012-12-31 $3.3B
2013-03-31 $4.3B
2013-06-30 $4.7B
2013-09-30 $5.6B
2013-12-31 $6.8B
2014-03-31 $8.1B
2014-06-30 $8.5B
2014-09-30 $9.6B
2014-12-31 $10.5B
2015-03-31 $11.7B
2015-06-30 $13.6B
2015-09-30 $9.9B
2015-12-31 $11B
2016-03-31 $9.5B
2016-06-30 $9.6B
2016-09-30 $8.8B
2016-12-31 $7.8B
2017-03-31 $8.8B
2017-06-30 $9.5B
2017-09-30 $10.5B
2017-12-31 $7.9B
2018-03-31 $8.1B
2018-06-30 $8.4B
2018-09-30 $8.3B
2018-12-31 $5.4B
2019-03-31 $6.5B
2019-06-30 $6.5B
2019-09-30 $5.3B
2019-12-31 $7B
2020-03-31 $6B
2020-06-30 $7.1B
2020-09-30 $8B
2020-12-31 $11.4B
2021-03-31 $10.7B
2021-06-30 $9.9B
2021-09-30 $9.1B
2021-12-31 $7.8B
2022-03-31 $6.2B
2022-06-30 $5.5B
2022-09-30 $5.4B
2022-12-31 $5.2B
2023-03-31 $5.1B
2023-06-30 $5.5B
2023-09-30 $4.7B
2023-12-31 $5B
2024-03-31 $5.5B
2024-06-30 $5.1B
2024-09-30 $5.5B
2024-12-31 $4.9B
2025-03-31 $4.2B
2025-06-30 $4B
2025-09-30 $4.3B
2025-12-31 $4.9B
2026-03-31 $5B
2026-06-30 $5.4B

Latest covered holdings and moves

Covered holdings as of June 30, 2026.

CompanyShare of portfolioValueSharesChange in shares
EWTXEdgewise Therapeutics, Inc.11.68%$630.5m15.52M0.0%
ELVNEnliven Therapeutics, Inc.6.37%$343.9m6.78M−14.9% Reduced
LLYLilly (Eli)5.73%$309.3m257.9K+8.9% Added
MBXMBX Biosciences, Inc.3.51%$189.3m3.43M−5.7% Reduced
AZNAstrazeneca PLC3.17%$171.1m915.7K+36.6% Added
GPCRStructure Therapeutics Inc.2.20%$118.6m2.21M+49.7% Added
SIONSionna Therapeutics, Inc.2.08%$112.4m2.56M−27.6% Reduced
CRVSCorvus Pharmaceuticals, Inc.1.98%$107.0m7.17M0.0%
AVBPArrivent Biopharma, Inc.1.95%$105.2m3.03M0.0%
GHGuardant Health, Inc.1.62%$87.6m583.7K+34.1% Added
ARGXArgenx SE1.60%$86.2m92.9K−32.2% Reduced
MRKMerck & Co.1.58%$85.2m663.4K0.0%
QUREUniqure N.V.1.54%$83.3m1.81M−15.4% Reduced
PRAXPraxis Precision Medicines, Inc.1.43%$77.0m230.1K+33.4% Added
EWEdwards Lifesciences1.40%$75.5m834.9K−32.2% Reduced
PRLDPrelude Therapeutics Inc1.35%$73.2m13.72M+25.8% Added
ABVXAbivax S.a.1.35%$72.8m546.5K+17.4% Added
DYNDyne Therapeutics, Inc.1.33%$71.9m3.24M+10.9% Added
NTRANatera, Inc.1.32%$71.1m262.0K0.0%
CGONCG Oncology, Inc.1.28%$69.1m972.8K+2.6% Added
UNHUnitedHealth Group1.24%$67.0m161.1KNew
SPRYARS Pharmaceuticals, Inc.1.23%$66.4m8.29M0.0%
ASNDAscendis Pharma A/s1.21%$65.2m244.5K+34.3% Added
HUMHumana1.21%$65.2m164.1KNew
COGTCogent Biosciences, Inc.1.21%$65.1m1.68M+422.0% Added
BSXBoston Scientific1.17%$63.3m1.48M−37.7% Reduced
ISRGIntuitive Surgical1.16%$62.8m157.9K−24.3% Reduced
MLYSMineralys Therapeutics, Inc.1.05%$56.9m2.11M+2.8% Added
ODTXOdyssey Therapeutics, Inc.1.04%$56.2m3.00MNew
XENEXenon Pharmaceuticals Inc.1.00%$53.9m892.5K−15.8% Reduced
ARQTArcutis Biotherapeutics, Inc.0.99%$53.5m2.04MNew
BMYBristol Myers Squibb0.99%$53.3m925.0K0.0%
QTTBQ32 Bio Inc.0.97%$52.6m4.13M+83.2% Added
SYKStryker Corporation0.93%$50.1m159.1K−12.8% Reduced
CAICaris Life Sciences, Inc.0.93%$50.0m2.81M0.0%
TMOThermo Fisher Scientific0.84%$45.5m90.7K+95.1% Added
PVLAPalvella Therapeutics, Inc.0.83%$44.7m292.4K+117.2% Added
ELVElevance Health0.82%$44.4m114.7K0.0%
STTKShattuck Labs, Inc.0.81%$43.8m6.31M0.0%
UPBUpstream Bio, Inc.0.73%$39.4m5.69M0.0%
RYTMRhythm Pharmaceuticals, Inc.0.66%$35.9m322.9K+2.8% Added
SNDXSyndax Pharmaceuticals Inc0.63%$33.7m1.54M+60.2% Added
CMPXCompass Therapeutics, Inc.0.62%$33.3m15.22M0.0%
NKTRNektar Therapeutics0.60%$32.5m465.3K+69.2% Added
KRYSKrystal Biotech, Inc.0.57%$30.9m83.2K+20.4% Added
AXSMAxsome Therapeutics, Inc.0.53%$28.8m117.6K−45.0% Reduced
KNSAKiniksa Pharmaceuticals International, plc0.50%$26.9m420.6K+132.9% Added
TRVITrevi Therapeutics, Inc.0.49%$26.7m1.43M−41.7% Reduced
IRONDisc Medicine, Inc.0.48%$26.2m357.5K−66.5% Reduced
WSTWest Pharmaceutical Services0.47%$25.3m70.6KNew
RLMDRelmada Therapeutics, Inc.0.47%$25.1m3.63M−23.0% Reduced
URGNUrogen Pharma Ltd.0.46%$24.9m676.2K−22.8% Reduced
STROSutro Biopharma, Inc.0.46%$24.7m743.9K−7.1% Reduced
SVRASavara Inc0.45%$24.4m3.96M+523.6% Added
NPCENeuropace Inc0.44%$23.9m1.51M−28.2% Reduced
AURAAura Biosciences, Inc.0.44%$23.7m3.33MNew
ORICOric Pharmaceuticals, Inc.0.40%$21.8m2.02M−25.2% Reduced
HELPHelus Pharma Inc.0.40%$21.6m3.27M−14.6% Reduced
BCRXBiocryst Pharmaceuticals Inc0.34%$18.5m1.85M+29.9% Added
BIOABioage Labs, Inc.0.34%$18.4m752.2K+5.7% Added
LXEOLexeo Therapeutics, Inc.0.34%$18.4m3.95M+9.6% Added
WHWKWhitehawk Therapeutics, Inc.0.33%$18.0m3.93M−5.6% Reduced
DFTXDefinium Therapeutics, Inc.0.32%$17.2m365.4K−54.6% Reduced
SYRESpyre Therapeutics, Inc.0.31%$16.5m186.1KNew
CRBPCorbus Pharmaceuticals Holdings, Inc.0.30%$16.3m1.74M0.0%
VERAVera Therapeutics, Inc.0.29%$15.9m369.6K0.0%
ALMSAlumis Inc.0.29%$15.4m548.2K0.0%
EYPTEyepoint, Inc.0.28%$15.3m1.07M0.0%
WATWaters Corporation0.28%$15.1m40.3KNew
MNPRMonopar Therapeutics0.27%$14.6m157.4KNew
TVTXTravere Therapeutics, Inc.0.27%$14.4m253.0KNew
TSHATaysha Gene Therapies, Inc.0.25%$13.6m2.00MNew
BIIBBiogen0.25%$13.3m61.6K0.0%
RVMDRevolution Medicines, Inc.0.24%$13.2m70.5K+35.6% Added
DNTHDianthus Therapeutics, Inc.0.21%$11.2m115.0KNew
SPRBSpruce Biosciences, Inc.0.20%$10.8m200.0KNew
LFSTLifestance Health Group, Inc.0.19%$10.1m947.4K+89.5% Added
ERASErasca, Inc.0.17%$9.1m495.9KNew
TARAProtara Therapeutics, Inc.0.16%$8.5m2.22MNew
KROSKeros Therapeutics, Inc.0.15%$8.1m759.2K0.0%
JANXJanux Therapeutics, Inc.0.15%$8.1m524.7K−46.7% Reduced
TECXTectonic Therapeutic, Inc.0.14%$7.8m226.6K0.0%
ACETAdicet Bio, Inc.0.14%$7.3m844.8K−17.8% Reduced
PHVSPharvaris N.V.0.13%$7.1m205.4K0.0%
ANROAlto Neuroscience, Inc.0.13%$6.8m257.9K+53.9% Added
ZNTLZentalis Pharmaceuticals, Inc.0.13%$6.7m1.39MNew
DRUGBright Minds Biosciences Inc.0.12%$6.5m93.0K+132.5% Added
ALXOALX Oncology Holdings Inc0.11%$5.9m2.87M0.0%
XLOXilio Therapeutics, Inc.0.10%$5.7m592.3KNew
BCAXBicara Therapeutics Inc.0.10%$5.7m191.1K−71.4% Reduced
IMAImagenebio, Inc.0.10%$5.4m909.3K+140.2% Added
PTGXProtagonist Therapeutics, Inc0.10%$5.2m42.1K0.0%
ALNYAlnylam Pharmaceuticals, Inc.0.10%$5.1m17.0K−85.7% Reduced
PALIPalisade BIO, Inc.0.09%$4.9m2.33M0.0%
PTCTPTC Therapeutics, Inc.0.07%$4.0m49.1K0.0%
AORTArtivion, Inc.0.07%$3.9m175.0K+15.9% Added
NMRANeumora Therapeutics, Inc.0.07%$3.6m2.14MNew
ACADAcadia Pharmaceuticals Inc0.06%$3.5m137.0KNew
AMLXAmylyx Pharmaceuticals, Inc.0.06%$3.3m183.4KNew
TYRATyra Biosciences, Inc.0.06%$3.3m102.0KNew
RAPPRapport Therapeutics, Inc.0.06%$3.2m76.6KNew
AGMBAgomab Therapeutics NV0.05%$2.5m192.7KNew
TARSTarsus Pharmaceuticals, Inc.0.04%$2.2m35.6KNew
ACRSAclaris Therapeutics, Inc.0.04%$2.2m421.5KNew
CYTKCytokinetics Inc0.04%$2.2m25.8KNew
NSPRInspiremd, Inc.0.04%$2.2m3.13M0.0%
OCULOcular Therapeutix, Inc0.04%$2.2m220.0KNew
EVMNEvommune, Inc.0.04%$2.1m161.0KNew
BLTEBelite BIO, Inc0.04%$2.0m13.3KNew
OVIDOvid Therapeutics Inc.0.04%$2.0m747.0KNew
EPRXEupraxia Pharmaceuticals Inc.0.03%$1.8m269.0KNew
TRAWTraws Pharma, Inc.0.02%$1.0m1.20M+98.7% Added
CompanyBought (value)Shares
UNHUnitedHealth Group$67.0m161.1K
HUMHumana$65.2m164.1K
ODTXOdyssey Therapeutics, Inc.$56.2m3.00M
ARQTArcutis Biotherapeutics, Inc.$53.5m2.04M
COGTCogent Biosciences, Inc.$52.6m1.36M
AZNAstrazeneca PLC$45.9m245.5K
GPCRStructure Therapeutics Inc.$39.4m734.0K
WSTWest Pharmaceutical Services$25.3m70.6K
LLYLilly (Eli)$25.3m21.1K
PVLAPalvella Therapeutics, Inc.$24.1m157.8K
QTTBQ32 Bio Inc.$23.9m1.88M
AURAAura Biosciences, Inc.$23.7m3.33M
GHGuardant Health, Inc.$22.3m148.5K
TMOThermo Fisher Scientific$22.2m44.2K
SVRASavara Inc$20.5m3.32M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
ELVNEnliven Therapeutics, Inc.−$60.0m−1.18M
PFEPfizer−$54.7m−1.95M
IRONDisc Medicine, Inc.−$51.9m−710.0K
DHRDanaher Corporation−$50.4m−265.8K
SIONSionna Therapeutics, Inc.−$42.9m−974.8K
ARGXArgenx SE−$40.8m−44.0K
BSXBoston Scientific−$38.4m−898.9K
EWEdwards Lifesciences−$35.8m−395.7K
ALNYAlnylam Pharmaceuticals, Inc.−$30.7m−102.0K
AXSMAxsome Therapeutics, Inc.−$23.6m−96.3K
BTSGBrightspring Health Services, Inc.−$21.2m−497.8K
DFTXDefinium Therapeutics, Inc.−$20.6m−438.6K
ISRGIntuitive Surgical−$20.2m−50.8K
TRVITrevi Therapeutics, Inc.−$19.1m−1.02M
QUREUniqure N.V.−$15.1m−328.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
PFEPfizer$54.7m1.95M
DHRDanaher Corporation$50.4m265.8K
BTSGBrightspring Health Services, Inc.$21.2m497.8K
AMGNAmgen$14.0m39.9K
ALHCAlignment Healthcare, Inc.$13.9m791.0K
REGNRegeneron Pharmaceuticals$11.4m14.7K
CARLCarlsmed, Inc.$11.3m1.25M
GILDGilead Sciences$8.3m59.6K
HRTXHeron Therapeutics, Inc.$7.9m9.82M
AVTXAvalo Therapeutics, Inc.$7.1m475.2K
CMPSCompass Pathways plc$6.4m1.15M
ADCTADC Therapeutics SA$4.9m1.32M
CGEMCullinan Therapeutics, Inc.$3.5m243.0K
JBIOJade Biosciences, Inc.$2.6m185.0K
CCCCC4 Therapeutics, Inc.$2.3m856.4K
RCELAvita Medical, Inc.$2.0m544.9K
VTGNVistagen Therapeutics, Inc.$1.7m3.06M
  • Health Care100.0%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestFebruary 15, 2008 to November 2, 2026+9.9%+11.7%0.470.62−52.3%0.87
2010 to 2017January 8, 2010 to December 29, 2017+18.2%+13.5%1.080.98−25.4%0.89
2018 onwardsJanuary 5, 2018 to November 2, 2026+3.8%+13.9%0.160.66−52.3%0.96
Last three yearsNovember 3, 2023 to November 2, 2026+16.0%+21.8%0.541.16−34.1%1.02
Last yearNovember 7, 2025 to November 2, 2026+7.4%+14.2%0.250.84−22.4%0.92

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.