Q2 2025 · 13F-HR
Bellevue Group AGholdings as filed
Filed 2025-08-14 · accession 0001104659-25-078490
$4.54B
Reported value
142
Positions
2025-06-30
Period end
The Brief · Bellevue Group AG · Q2 2025
AI · grounded in 13F
Bellevue Group AG established a new position in ARGENX SE ARGX worth $314.8M. The fund also initiated new stakes in IONIS PHARMACEUTICALS INC IONS for $310.3M and NEUROCRINE BIOSCIENCES INC NBIX for $228.8M. Additional new positions include ALNYLAM PHARMACEUTICALS INC ALNY and ABBOTT LABS ABT.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 04016X101 | ARGX | ARGENX SE | $314.8M | 6.94% | 571,039 | Common | SOLE |
| 462222100 | IONS | IONIS PHARMACEUTICALS INC | $310.3M | 6.84% | 7,853,198 | Common | SOLE |
| 64125C109 | NBIX | NEUROCRINE BIOSCIENCES INC | $228.8M | 5.04% | 1,820,000 | Common | SOLE |
| 02043Q107 | ALNY | ALNYLAM PHARMACEUTICALS INC | $220.6M | 4.86% | 676,367 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABS | $212.7M | 4.69% | 1,564,022 | Common | SOLE |
| 863667101 | SYK | STRYKER CORPORATION | $211.7M | 4.67% | 535,089 | Common | SOLE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $205.8M | 4.54% | 378,728 | Common | SOLE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INC | $196.6M | 4.33% | 441,610 | Common | SOLE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $189.6M | 4.18% | 1,765,194 | Common | SOLE |
| 76155X100 | RVMD | REVOLUTION MEDICINES INC | $168.5M | 3.71% | 4,579,300 | Common | SOLE |
| 00847X104 | AGIO | AGIOS PHARMACEUTICALS INC | $119.4M | 2.63% | 3,590,150 | Common | SOLE |
| 45337C102 | INCY | INCYTE CORP | $106.9M | 2.36% | 1,570,333 | Common | SOLE |
| 00973Y108 | AKRO | AKERO THERAPEUTICS INC | $105.9M | 2.33% | 1,985,272 | Common | SOLE |
| 80706P103 | SRRK | SCHOLAR ROCK HLDG CORP | $104.4M | 2.30% | 2,947,295 | Common | SOLE |
| G5960L103 | MDT | MEDTRONIC PLC | $80.3M | 1.77% | 921,043 | Common | SOLE |
| 45258D105 | IMCR | IMMUNOCORE HLDGS PLC | $76.6M | 1.69% | 2,441,830 | Common | SOLE |
| 252131107 | DXCM | DEXCOM INC | $75.1M | 1.66% | 860,828 | Common | SOLE |
| 28176E108 | EW | EDWARDS LIFESCIENCES CORP | $69.5M | 1.53% | 889,077 | Common | SOLE |
| 45784P101 | PODD | INSULET CORP | $68.8M | 1.52% | 219,013 | Common | SOLE |
| 15117B202 | CLDX | CELLDEX THERAPEUTICS INC NEW | $67.3M | 1.48% | 3,307,569 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & CO | $54.6M | 1.20% | 316,732 | Common | SOLE |
| 07373V105 | BEAM | BEAM THERAPEUTICS INC | $49.1M | 1.08% | 2,889,288 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $46.0M | 1.01% | 113,544 | Common | SOLE |
| 70975L107 | PEN | PENUMBRA INC | $44.7M | 0.98% | 174,050 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $44.4M | 0.98% | 142,296 | Common | SOLE |
| 761152107 | RMD | RESMED INC | $42.8M | 0.94% | 165,802 | Common | SOLE |
| 45168D104 | IDXX | IDEXX LABS INC | $41.1M | 0.90% | 76,548 | Common | SOLE |
| G1110E107 | BHVN | BIOHAVEN LTD | $39.5M | 0.87% | 2,802,853 | Common | SOLE |
| 36266G107 | GEHC | GE HEALTHCARE TECHNOLOGIES I | $38.2M | 0.84% | 515,468 | Common | SOLE |
| 40412C101 | HCA | HCA HEALTHCARE INC | $38.0M | 0.84% | 99,122 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $36.6M | 0.81% | 110,712 | Common | SOLE |
| 09627Y109 | 2655787D | BLUEPRINT MEDICINES CORP | $36.5M | 0.80% | 284,900 | Common | SOLE |
| 28036F105 | EWTX | EDGEWISE THERAPEUTICS INC | $36.4M | 0.80% | 2,775,997 | Common | SOLE |
| 60770K107 | MRNA | MODERNA INC | $34.2M | 0.75% | 1,238,668 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $32.6M | 0.72% | 113,333 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC | $31.9M | 0.70% | 82,053 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $31.9M | 0.70% | 40,920 | Common | SOLE |
| 58155Q103 | MCK | MCKESSON CORP | $29.7M | 0.65% | 40,466 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $29.6M | 0.65% | 159,661 | Common | SOLE |
| 016255101 | ALGN | ALIGN TECHNOLOGY INC | $28.5M | 0.63% | 150,787 | Common | SOLE |
| 75943R102 | RLAY | RELAY THERAPEUTICS INC | $28.5M | 0.63% | 8,230,870 | Common | SOLE |
| 74276L105 | PRCT | PROCEPT BIOROBOTICS CORP | $28.2M | 0.62% | 489,278 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $27.0M | 0.60% | 136,811 | Common | SOLE |
| Y95308105 | WVE | WAVE LIFE SCIENCES LTD | $26.6M | 0.59% | 4,094,458 | Common | SOLE |
| G8473T100 | STE | STERIS PLC | $26.4M | 0.58% | 109,887 | Common | SOLE |
| 216648501 | COO | COOPER COS INC | $25.3M | 0.56% | 356,074 | Common | SOLE |
| 632307104 | NTRA | NATERA INC | $24.9M | 0.55% | 147,491 | Common | SOLE |
| 98956P102 | ZBH | ZIMMER BIOMET HOLDINGS INC | $24.4M | 0.54% | 267,716 | Common | SOLE |
| 60855R100 | MOH | MOLINA HEALTHCARE INC | $22.1M | 0.49% | 74,022 | Common | SOLE |
| 379577208 | GMED | GLOBUS MED INC | $19.6M | 0.43% | 332,336 | Common | SOLE |
| 89377M109 | TMDX | TRANSMEDICS GROUP INC | $17.5M | 0.39% | 130,517 | Common | SOLE |
| 29261A100 | EHC | ENCOMPASS HEALTH CORP | $16.2M | 0.36% | 131,741 | Common | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $16.2M | 0.36% | 247,886 | Common | SOLE |
| 30063P105 | EXK | EXACT SCIENCES CORP | $15.1M | 0.33% | 284,201 | Common | SOLE |
| 574795100 | MASI | MASIMO CORP | $15.1M | 0.33% | 89,673 | Common | SOLE |
| 14167L103 | CDNA | CAREDX INC | $14.7M | 0.32% | 752,371 | Common | SOLE |
| 74276R102 | PRVA | PRIVIA HEALTH GROUP INC | $14.5M | 0.32% | 630,697 | Common | SOLE |
| 75886F107 | REGN | REGENERON PHARMACEUTICALS | $14.0M | 0.31% | 26,744 | Common | SOLE |
| 03589W102 | ANNX | ANNEXON INC | $12.4M | 0.27% | 5,157,290 | Common | SOLE |
| 444859102 | HUM | HUMANA INC | $12.0M | 0.26% | 49,124 | Common | SOLE |
| 556099109 | MGNX | MACROGENICS INC | $12.0M | 0.26% | 9,919,992 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $10.4M | 0.23% | 68,211 | Common | SOLE |
| 825704109 | SIBN | SI-BONE INC | $10.2M | 0.22% | 540,112 | Common | SOLE |
| 457730109 | INSP | INSPIRE MED SYS INC | $9.8M | 0.22% | 75,660 | Common | SOLE |
| 504922105 | LH | LABCORP HOLDINGS INC | $9.6M | 0.21% | 36,692 | Common | SOLE |
| 71944F106 | PHR | PHREESIA INC | $9.4M | 0.21% | 332,016 | Common | SOLE |
| 07725L102 | ONC | BEONE MEDICINES LTD | $9.4M | 0.21% | 38,698 | Common | SOLE |
| 74834L100 | DGX | QUEST DIAGNOSTICS INC | $8.7M | 0.19% | 48,567 | Common | SOLE |
| 09061G101 | BMRN | BIOMARIN PHARMACEUTICAL INC | $8.3M | 0.18% | 151,445 | Common | SOLE |
| 457669307 | INSM | INSMED INC | $8.2M | 0.18% | 81,397 | Common | SOLE |
| 15135B101 | CNC | CENTENE CORP DEL | $7.6M | 0.17% | 139,310 | Common | SOLE |
| 86366E106 | GPCR | STRUCTURE THERAPEUTICS INC | $7.2M | 0.16% | 348,527 | Common | SOLE |
| 881624209 | TEVA | TEVA PHARMACEUTICAL INDS LTD | $7.1M | 0.16% | 421,501 | Common | SOLE |
| 09203E105 | BDTX | BLACK DIAMOND THERAPEUTICS I | $6.8M | 0.15% | 2,733,547 | Common | SOLE |
| 031162100 | AMGN | AMGEN INC | $6.7M | 0.15% | 24,108 | Common | SOLE |
| 64049M209 | NEO | NEOGENOMICS INC | $6.7M | 0.15% | 913,082 | Common | SOLE |
| 946784105 | WAY | WAYSTAR HLDG CORP | $6.2M | 0.14% | 150,610 | Common | SOLE |
| 05464T104 | AXSM | AXSOME THERAPEUTICS INC | $5.9M | 0.13% | 56,253 | Common | SOLE |
| 377322102 | GKOS | GLAUKOS CORP | $5.8M | 0.13% | 55,926 | Common | SOLE |
| 375558103 | GILD | GILEAD SCIENCES INC | $5.7M | 0.13% | 51,416 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC | $5.3M | 0.12% | 33,700 | Common | SOLE |
| 04351P101 | ASNDUSD | ASCENDIS PHARMA A/S | $4.9M | 0.11% | 28,655 | Common | SOLE |
| 071813109 | BAX | BAXTER INTL INC | $4.6M | 0.10% | 152,291 | Common | SOLE |
| 68170A108 | OMDA | OMADA HEALTH INC | $4.6M | 0.10% | 250,000 | Common | SOLE |
| 10950A106 | BTSG | BRIGHTSPRING HEALTH SVCS INC | $4.5M | 0.10% | 191,706 | Common | SOLE |
| 88025U109 | TXG | 10X GENOMICS INC | $3.8M | 0.08% | 326,751 | Common | SOLE |
| 09075V102 | BNTX | BIONTECH SE | $3.7M | 0.08% | 35,039 | Common | SOLE |
| 14149Y108 | CAH | CARDINAL HEALTH INC | $3.4M | 0.07% | 20,012 | Common | SOLE |
| 52490G102 | LEGN | LEGEND BIOTECH CORP | $3.0M | 0.07% | 85,438 | Common | SOLE |
| 046353108 | AZNN | ASTRAZENECA PLC | $2.7M | 0.06% | 38,400 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $2.6M | 0.06% | 27,624 | Common | SOLE |
| 03073E105 | COR | CENCORA INC | $2.4M | 0.05% | 7,970 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $2.2M | 0.05% | 28,239 | Common | SOLE |
| G52441105 | KMTS | KESTRA MED TECHNOLOGIES LTD | $2.2M | 0.05% | 133,761 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $2.1M | 0.05% | 30,096 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $1.9M | 0.04% | 3,100 | Common | SOLE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB CO | $1.7M | 0.04% | 37,177 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $1.7M | 0.04% | 70,915 | Common | SOLE |
| 925050106 | VRNA | VERONA PHARMA PLC | $1.5M | 0.03% | 15,927 | Common | SOLE |
| 26622P107 | DOCS | DOXIMITY INC | $1.5M | 0.03% | 23,816 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $1.4M | 0.03% | 26,200 | Common | SOLE |
| 76243J105 | RYTM | RHYTHM PHARMACEUTICALS INC | $1.3M | 0.03% | 20,906 | Common | SOLE |
| 74366E102 | PTGX | PROTAGONIST THERAPEUTICS INC | $1.1M | 0.02% | 19,472 | Common | SOLE |
| 08659B102 | BBNX | BETA BIONICS INC | $972,972 | 0.02% | 66,825 | Common | SOLE |
| 15687V109 | CERT | CERTARA INC | $956,358 | 0.02% | 81,740 | Common | SOLE |
| 86627T108 | SMMT | SUMMIT THERAPEUTICS INC | $888,185 | 0.02% | 41,738 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $496,317 | 0.01% | 2,300 | Common | SOLE |
| 10806X102 | BBIO | BRIDGEBIO PHARMA INC | $449,072 | 0.01% | 10,400 | Common | SOLE |
| 670100205 | NVO | NOVO-NORDISK A S | $448,630 | 0.01% | 6,500 | Common | SOLE |
| N5749R100 | 2GH | MERUS N V | $408,439 | 0.01% | 7,765 | Common | SOLE |
| 30161Q104 | EXEL | EXELIXIS INC | $374,638 | 0.01% | 8,500 | Common | SOLE |
| N62509109 | NAMS | NEWAMSTERDAM PHARMA COMPANY | $372,251 | 0.01% | 20,555 | Common | SOLE |
| 03969K108 | ARQT | ARCUTIS BIOTHERAPEUTICS INC | $336,592 | 0.01% | 24,008 | Common | SOLE |
| 558868105 | MDGL | MADRIGAL PHARMACEUTICALS INC | $332,904 | 0.01% | 1,100 | Common | SOLE |
| 000899104 | ADMA | ADMA BIOLOGICS INC | $307,749 | 0.01% | 16,900 | Common | SOLE |
| 72703H101 | PLNT | PLANET FITNESS INC | $294,435 | 0.01% | 2,700 | Common | SOLE |
| N90064101 | QURE | UNIQURE NV | $273,363 | 0.01% | 19,610 | Common | SOLE |
| 89422G107 | TVTX | TRAVERE THERAPEUTICS INC | $270,884 | 0.01% | 18,303 | Common | SOLE |
| 142152107 | CAI | CARIS LIFE SCIENCES INC | $267,200 | 0.01% | 10,000 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $255,534 | 0.01% | 1,450 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $252,299 | 0.01% | 1,150 | Common | SOLE |
| 59267L107 | — | METSERA INC | $221,910 | 0.00% | 7,800 | Common | SOLE |
| 603170101 | MLYS | MINERALYS THERAPEUTICS INC | $210,473 | 0.00% | 15,556 | Common | SOLE |
| 07831C103 | BRBR | BELLRING BRANDS INC | $202,755 | 0.00% | 3,500 | Common | SOLE |
| 03940C100 | ACLXGBX | ARCELLX INC | $197,550 | 0.00% | 3,000 | Common | SOLE |
| H5870P102 | OCS | OCULIS HOLDING AG | $188,277 | 0.00% | 9,700 | Common | SOLE |
| 69366J200 | PTCT | PTC THERAPEUTICS INC | $185,592 | 0.00% | 3,800 | Common | SOLE |
| H2906T109 | GRMN | GARMIN LTD | $177,412 | 0.00% | 850 | Common | SOLE |
| 501147102 | KRYS | KRYSTAL BIOTECH INC | $171,825 | 0.00% | 1,250 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $171,520 | 0.00% | 2,000 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $142,984 | 0.00% | 654 | Common | SOLE |
| 61559X104 | MLTX | MOONLAKE IMMUNOTHERAPEUTICS | $141,600 | 0.00% | 3,000 | Common | SOLE |
| 23282W605 | CYTK | CYTOKINETICS INC | $123,603 | 0.00% | 3,741 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $118,650 | 0.00% | 751 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $102,459 | 0.00% | 657 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $100,974 | 0.00% | 203 | Common | SOLE |
| 00846U101 | A | AGILENT TECHNOLOGIES INC | $95,116 | 0.00% | 806 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $71,189 | 0.00% | 447 | Common | SOLE |
| 09062X103 | BIIB | BIOGEN INC | $50,487 | 0.00% | 402 | Common | SOLE |
| 592688105 | MTD | METTLER TOLEDO INTERNATIONAL | $49,338 | 0.00% | 42 | Common | SOLE |
| 75629V104 | RXRX | RECURSION PHARMACEUTICALS IN | $27,901 | 0.00% | 5,514 | Common | SOLE |
| 88023B103 | TEM | TEMPUS AI INC | $15,059 | 0.00% | 237 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.