Q3 2025 · 13F-HR
Bellevue Group AGholdings as filed
Filed 2025-11-14 · accession 0001104659-25-112697
$4.81B
Reported value
148
Positions
2025-09-30
Period end
The Brief · Bellevue Group AG · Q3 2025
AI · grounded in 13F
Bellevue Group AG established a new position in IONS valued at $408.5M. The fund also initiated new stakes in ARGX for $402.9M and RVMD for $260.3M. Additional new positions include NBIX at $247.5M and ALNY at $203.6M. Total assets under management stand at $4.8B across 148 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 462222100 | IONS | IONIS PHARMACEUTICALS INC | $408.5M | 8.49% | 6,244,451 | Common | SOLE |
| 04016X101 | ARGX | ARGENX SE | $402.9M | 8.37% | 546,328 | Common | SOLE |
| 76155X100 | RVMD | REVOLUTION MEDICINES INC | $260.3M | 5.41% | 5,573,838 | Common | SOLE |
| 64125C109 | NBIX | NEUROCRINE BIOSCIENCES INC | $247.5M | 5.14% | 1,763,105 | Common | SOLE |
| 02043Q107 | ALNY | ALNYLAM PHARMACEUTICALS INC | $203.6M | 4.23% | 446,524 | Common | SOLE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INC | $198.1M | 4.12% | 505,805 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABS | $198.0M | 4.11% | 1,478,563 | Common | SOLE |
| 863667101 | SYK | STRYKER CORPORATION | $166.8M | 3.46% | 451,096 | Common | SOLE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $162.1M | 3.37% | 1,659,849 | Common | SOLE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $155.9M | 3.24% | 348,626 | Common | SOLE |
| 00847X104 | AGIO | AGIOS PHARMACEUTICALS INC | $149.1M | 3.10% | 3,714,736 | Common | SOLE |
| 45337C102 | INCY | INCYTE CORP | $122.2M | 2.54% | 1,440,686 | Common | SOLE |
| 80706P103 | SRRK | SCHOLAR ROCK HLDG CORP | $120.8M | 2.51% | 3,244,537 | Common | SOLE |
| 00973Y108 | AKRO | AKERO THERAPEUTICS INC | $113.4M | 2.36% | 2,389,314 | Common | SOLE |
| 45258D105 | IMCR | IMMUNOCORE HLDGS PLC | $101.6M | 2.11% | 2,796,803 | Common | SOLE |
| 05370A108 | RNAGBP | AVIDITY BIOSCIENCES INC | $93.8M | 1.95% | 2,152,862 | Common | SOLE |
| 15117B202 | CLDX | CELLDEX THERAPEUTICS INC NEW | $92.0M | 1.91% | 3,557,669 | Common | SOLE |
| G5960L103 | MDT | MEDTRONIC PLC | $72.4M | 1.50% | 759,861 | Common | SOLE |
| 07373V105 | BEAM | BEAM THERAPEUTICS INC | $70.1M | 1.46% | 2,889,288 | Common | SOLE |
| 28176E108 | EW | EDWARDS LIFESCIENCES CORP | $69.7M | 1.45% | 896,633 | Common | SOLE |
| 45784P101 | PODD | INSULET CORP | $65.5M | 1.36% | 212,005 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $58.7M | 1.22% | 170,057 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & CO | $55.6M | 1.15% | 296,894 | Common | SOLE |
| 252131107 | DXCM | DEXCOM INC | $52.9M | 1.10% | 786,118 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $51.5M | 1.07% | 106,185 | Common | SOLE |
| 45168D104 | IDXX | IDEXX LABS INC | $48.9M | 1.02% | 76,587 | Common | SOLE |
| 761152107 | RMD | RESMED INC | $45.1M | 0.94% | 164,834 | Common | SOLE |
| 28036F105 | EWTX | EDGEWISE THERAPEUTICS INC | $45.0M | 0.94% | 2,775,997 | Common | SOLE |
| 75943R102 | RLAY | RELAY THERAPEUTICS INC | $43.6M | 0.91% | 8,345,610 | Common | SOLE |
| G1110E107 | BHVN | BIOHAVEN LTD | $42.1M | 0.87% | 2,802,853 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $39.6M | 0.82% | 170,870 | Common | SOLE |
| 70975L107 | PEN | PENUMBRA INC | $37.2M | 0.77% | 146,895 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $35.3M | 0.73% | 122,486 | Common | SOLE |
| 36266G107 | GEHC | GE HEALTHCARE TECHNOLOGIES I | $34.8M | 0.72% | 463,063 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $33.9M | 0.70% | 104,971 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $32.5M | 0.68% | 163,876 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $30.9M | 0.64% | 40,514 | Common | SOLE |
| Y95308105 | WVE | WAVE LIFE SCIENCES LTD | $30.0M | 0.62% | 4,094,458 | Common | SOLE |
| 58155Q103 | MCK | MCKESSON CORP | $29.3M | 0.61% | 37,957 | Common | SOLE |
| G8473T100 | STE | STERIS PLC | $29.2M | 0.61% | 118,112 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $29.0M | 0.60% | 97,506 | Common | SOLE |
| 40412C101 | HCA | HCA HEALTHCARE INC | $28.0M | 0.58% | 65,607 | Common | SOLE |
| 98956P102 | ZBH | ZIMMER BIOMET HOLDINGS INC | $24.2M | 0.50% | 245,202 | Common | SOLE |
| 216648501 | COO | COOPER COS INC | $20.0M | 0.42% | 292,265 | Common | SOLE |
| 444859102 | HUM | HUMANA INC | $19.9M | 0.41% | 76,310 | Common | SOLE |
| 379577208 | GMED | GLOBUS MED INC | $18.7M | 0.39% | 326,867 | Common | SOLE |
| 016255101 | ALGN | ALIGN TECHNOLOGY INC | $18.1M | 0.38% | 144,676 | Common | SOLE |
| 60855R100 | MOH | MOLINA HEALTHCARE INC | $17.4M | 0.36% | 90,985 | Common | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $16.7M | 0.35% | 247,886 | Common | SOLE |
| 556099109 | MGNX | MACROGENICS INC | $16.7M | 0.35% | 9,919,992 | Common | SOLE |
| 74276R102 | PRVA | PRIVIA HEALTH GROUP INC | $16.6M | 0.34% | 666,177 | Common | SOLE |
| 74276L105 | PRCT | PROCEPT BIOROBOTICS CORP | $16.5M | 0.34% | 463,404 | Common | SOLE |
| 03589W102 | ANNX | ANNEXON INC | $15.7M | 0.33% | 5,157,290 | Common | SOLE |
| 29261A100 | EHC | ENCOMPASS HEALTH CORP | $15.6M | 0.32% | 122,958 | Common | SOLE |
| 632307104 | NTRA | NATERA INC | $14.8M | 0.31% | 91,818 | Common | SOLE |
| 574795100 | MASI | MASIMO CORP | $14.3M | 0.30% | 96,968 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $13.9M | 0.29% | 74,807 | Common | SOLE |
| 30063P105 | EXK | EXACT SCIENCES CORP | $13.8M | 0.29% | 252,701 | Common | SOLE |
| 89377M109 | TMDX | TRANSMEDICS GROUP INC | $13.1M | 0.27% | 116,968 | Common | SOLE |
| 07725L102 | ONC | BEONE MEDICINES LTD | $11.5M | 0.24% | 33,797 | Common | SOLE |
| 15135B101 | CNC | CENTENE CORP DEL | $10.1M | 0.21% | 281,949 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC | $10.0M | 0.21% | 52,898 | Common | SOLE |
| 86366E106 | GPCR | STRUCTURE THERAPEUTICS INC | $8.8M | 0.18% | 315,857 | Common | SOLE |
| 881624209 | TEVA | TEVA PHARMACEUTICAL INDS LTD | $8.6M | 0.18% | 424,056 | Common | SOLE |
| 75886F107 | REGN | REGENERON PHARMACEUTICALS | $8.5M | 0.18% | 15,057 | Common | SOLE |
| 14167L103 | CDNA | CAREDX INC | $8.3M | 0.17% | 572,956 | Common | SOLE |
| 88033G407 | THC | TENET HEALTHCARE CORP | $8.2M | 0.17% | 40,372 | Common | SOLE |
| 71944F106 | PHR | PHREESIA INC | $7.4M | 0.15% | 313,057 | Common | SOLE |
| 05464T104 | AXSM | AXSOME THERAPEUTICS INC | $6.4M | 0.13% | 52,335 | Common | SOLE |
| 74834L100 | DGX | QUEST DIAGNOSTICS INC | $6.3M | 0.13% | 33,015 | Common | SOLE |
| 10950A106 | BTSG | BRIGHTSPRING HEALTH SVCS INC | $5.6M | 0.12% | 190,524 | Common | SOLE |
| 68170A108 | OMDA | OMADA HEALTH INC | $5.6M | 0.12% | 251,791 | Common | SOLE |
| 375558103 | GILD | GILEAD SCIENCES INC | $5.5M | 0.12% | 49,893 | Common | SOLE |
| 09061G101 | BMRN | BIOMARIN PHARMACEUTICAL INC | $5.5M | 0.11% | 101,033 | Common | SOLE |
| 04351P101 | ASNDUSD | ASCENDIS PHARMA A/S | $5.0M | 0.10% | 24,903 | Common | SOLE |
| 946784105 | WAY | WAYSTAR HLDG CORP | $4.9M | 0.10% | 129,913 | Common | SOLE |
| 377322102 | GKOS | GLAUKOS CORP | $4.6M | 0.09% | 55,926 | Common | SOLE |
| 825704109 | SIBN | SI-BONE INC | $4.4M | 0.09% | 298,857 | Common | SOLE |
| 457730109 | INSP | INSPIRE MED SYS INC | $4.4M | 0.09% | 58,648 | Common | SOLE |
| 504922105 | LH | LABCORP HOLDINGS INC | $4.3M | 0.09% | 15,065 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $4.2M | 0.09% | 24,247 | Common | SOLE |
| 031162100 | AMGN | AMGEN INC | $4.2M | 0.09% | 14,988 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $3.9M | 0.08% | 51,199 | Common | SOLE |
| 88025U109 | TXG | 10X GENOMICS INC | $3.7M | 0.08% | 313,836 | Common | SOLE |
| 09075V102 | BNTX | BIONTECH SE | $3.3M | 0.07% | 33,955 | Common | SOLE |
| G52441105 | KMTS | KESTRA MED TECHNOLOGIES LTD | $3.1M | 0.06% | 128,711 | Common | SOLE |
| 457669307 | INSM | INSMED INC | $2.9M | 0.06% | 20,251 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $2.9M | 0.06% | 34,739 | Common | SOLE |
| 64049M209 | NEO | NEOGENOMICS INC | $2.9M | 0.06% | 370,198 | Common | SOLE |
| 52490G102 | LEGN | LEGEND BIOTECH CORP | $2.8M | 0.06% | 84,976 | Common | SOLE |
| 046353108 | AZNN | ASTRAZENECA PLC | $2.7M | 0.06% | 35,644 | Common | SOLE |
| 14149Y108 | CAH | CARDINAL HEALTH INC | $2.6M | 0.05% | 16,268 | Common | SOLE |
| 00650F109 | ADPT | ADAPTIVE BIOTECHNOLOGIES COR | $2.5M | 0.05% | 168,476 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $2.3M | 0.05% | 23,797 | Common | SOLE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB CO | $2.1M | 0.04% | 47,613 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $2.1M | 0.04% | 3,100 | Common | SOLE |
| 92686J106 | VKTX | VIKING THERAPEUTICS INC | $2.0M | 0.04% | 76,082 | Common | SOLE |
| 071813109 | BAX | BAXTER INTL INC | $1.6M | 0.03% | 68,084 | Common | SOLE |
| 03073E105 | COR | CENCORA INC | $1.5M | 0.03% | 4,850 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $1.4M | 0.03% | 18,500 | Common | SOLE |
| 74366E102 | PTGX | PROTAGONIST THERAPEUTICS INC | $1.4M | 0.03% | 20,581 | Common | SOLE |
| 05352A100 | AVTR | AVANTOR INC | $1.3M | 0.03% | 103,362 | Common | SOLE |
| 08659B102 | BBNX | BETA BIONICS INC | $1.3M | 0.03% | 64,283 | Common | SOLE |
| 91307C102 | UTHR | UNITED THERAPEUTICS CORP DEL | $1.1M | 0.02% | 2,640 | Common | SOLE |
| 558868105 | MDGL | MADRIGAL PHARMACEUTICALS INC | $1.1M | 0.02% | 2,393 | Common | SOLE |
| 10806X102 | BBIO | BRIDGEBIO PHARMA INC | $1.1M | 0.02% | 20,356 | Common | SOLE |
| 603170101 | MLYS | MINERALYS THERAPEUTICS INC | $1.0M | 0.02% | 26,605 | Common | SOLE |
| 76243J105 | RYTM | RHYTHM PHARMACEUTICALS INC | $914,262 | 0.02% | 9,053 | Common | SOLE |
| 112463104 | BKD | BROOKDALE SR LIVING INC | $886,513 | 0.02% | 104,665 | Common | SOLE |
| 15687V109 | CERT | CERTARA INC | $726,442 | 0.02% | 59,447 | Common | SOLE |
| 26622P107 | DOCS | DOXIMITY INC | $709,043 | 0.01% | 9,693 | Common | SOLE |
| 09062X103 | BIIB | BIOGEN INC | $590,157 | 0.01% | 4,213 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $556,508 | 0.01% | 2,300 | Common | SOLE |
| H2906T109 | GRMN | GARMIN LTD | $500,073 | 0.01% | 2,031 | Common | SOLE |
| G7709Q104 | RPRX | ROYALTY PHARMA PLC | $457,264 | 0.01% | 12,961 | Common | SOLE |
| 72703H101 | PLNT | PLANET FITNESS INC | $446,444 | 0.01% | 4,301 | Common | SOLE |
| 80105N105 | SNY | SANOFI SA | $418,192 | 0.01% | 8,860 | Common | SOLE |
| N62509109 | NAMS | NEWAMSTERDAM PHARMA COMPANY | $415,537 | 0.01% | 14,611 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $409,700 | 0.01% | 1,609 | Common | SOLE |
| 88023B103 | TEM | TEMPUS AI INC | $404,599 | 0.01% | 5,013 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $397,861 | 0.01% | 1,812 | Common | SOLE |
| 86627T108 | SMMT | SUMMIT THERAPEUTICS INC | $392,168 | 0.01% | 18,982 | Common | SOLE |
| 30161Q104 | EXEL | EXELIXIS INC | $304,009 | 0.01% | 7,361 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $301,352 | 0.01% | 11,827 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $293,752 | 0.01% | 400 | Common | SOLE |
| 142152107 | CAI | CARIS LIFE SCIENCES INC | $290,551 | 0.01% | 9,605 | Common | SOLE |
| N90064101 | QURE | UNIQURE NV | $278,016 | 0.01% | 4,763 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $263,540 | 0.01% | 2,000 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $263,034 | 0.01% | 1,082 | Common | SOLE |
| 61559X104 | MLTX | MOONLAKE IMMUNOTHERAPEUTICS | $251,323 | 0.01% | 35,052 | Common | SOLE |
| 60770K107 | MRNA | MODERNA INC | $241,278 | 0.01% | 9,341 | Common | SOLE |
| 501147102 | KRYS | KRYSTAL BIOTECH INC | $231,607 | 0.00% | 1,312 | Common | SOLE |
| G01767105 | ALKS | ALKERMES PLC | $197,820 | 0.00% | 6,594 | Common | SOLE |
| 69366J200 | PTCT | PTC THERAPEUTICS INC | $155,266 | 0.00% | 2,530 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $130,979 | 0.00% | 702 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $127,591 | 0.00% | 872 | Common | SOLE |
| 40131M109 | GH | GUARDANT HEALTH INC | $122,023 | 0.00% | 1,953 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $117,277 | 0.00% | 417 | Common | SOLE |
| 23282W605 | CYTK | CYTOKINETICS INC | $115,416 | 0.00% | 2,100 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $105,144 | 0.00% | 203 | Common | SOLE |
| 00846U101 | A | AGILENT TECHNOLOGIES INC | $103,450 | 0.00% | 806 | Common | SOLE |
| 218352102 | CORT | CORCEPT THERAPEUTICS INC | $101,976 | 0.00% | 1,227 | Common | SOLE |
| 372303206 | GMAB | GENMAB A/S | $92,286 | 0.00% | 3,009 | Common | SOLE |
| 03168L105 | AMRX | AMNEAL PHARMACEUTICALS INC | $79,209 | 0.00% | 7,913 | Common | SOLE |
| N5749R100 | 2GH | MERUS N V | $77,674 | 0.00% | 825 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $74,363 | 0.00% | 447 | Common | SOLE |
| 592688105 | MTD | METTLER TOLEDO INTERNATIONAL | $51,560 | 0.00% | 42 | Common | SOLE |
| 75629V104 | RXRX | RECURSION PHARMACEUTICALS IN | $26,908 | 0.00% | 5,514 | 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.