Q4 2025 · 13F-HR
Bellevue Group AGholdings as filed
Filed 2026-02-17 · accession 0001104659-26-016360
$5.28B
Reported value
176
Positions
2025-12-31
Period end
The Brief · Bellevue Group AG · Q4 2025
AI · grounded in 13F
Bellevue Group AG closed its position in AGIO for a reduction of $149.1M. The fund established new positions in AM6 for $152.9M and VRDN for $135.6M. Other notable activity includes closing its stake in AKRO for $113.4M and increasing its holding in VRTX by 34.66%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 76155X100 | RVMD | REVOLUTION MEDICINES INC | $398.7M | 7.56% | 5,005,719 | Common | SOLE |
| 04016X101 | ARGX | ARGENX SE | $388.4M | 7.36% | 461,854 | Common | SOLE |
| 462222100 | IONS | IONIS PHARMACEUTICALS INC | $379.9M | 7.20% | 4,802,199 | Common | SOLE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INC | $308.8M | 5.85% | 681,120 | Common | SOLE |
| 64125C109 | NBIX | NEUROCRINE BIOSCIENCES INC | $241.6M | 4.58% | 1,703,304 | Common | SOLE |
| 05370A108 | RNAGBP | AVIDITY BIOSCIENCES INC | $189.8M | 3.60% | 2,630,969 | Common | SOLE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $182.4M | 3.46% | 322,028 | Common | SOLE |
| 80706P103 | SRRK | SCHOLAR ROCK HLDG CORP | $178.7M | 3.39% | 4,056,592 | Common | SOLE |
| 02043Q107 | ALNY | ALNYLAM PHARMACEUTICALS INC | $177.3M | 3.36% | 445,903 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABS | $165.0M | 3.13% | 1,316,915 | Common | SOLE |
| 03152W109 | AM6 | AMICUS THERAPEUTICS INC | $152.9M | 2.90% | 10,735,195 | Common | SOLE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $148.7M | 2.82% | 1,559,606 | Common | SOLE |
| 92790C104 | VRDN | VIRIDIAN THERAPEUTICS INC | $135.6M | 2.57% | 4,358,527 | Common | SOLE |
| 863667101 | SYK | STRYKER CORPORATION | $126.7M | 2.40% | 360,577 | Common | SOLE |
| 670703107 | NUVL | NUVALENT INC | $104.4M | 1.98% | 1,037,468 | Common | SOLE |
| 501147102 | KRYS | KRYSTAL BIOTECH INC | $101.2M | 1.92% | 410,323 | Common | SOLE |
| 15117B202 | CLDX | CELLDEX THERAPEUTICS INC NEW | $98.3M | 1.86% | 3,617,669 | Common | SOLE |
| 45258D105 | IMCR | IMMUNOCORE HLDGS PLC | $97.1M | 1.84% | 2,796,803 | Common | SOLE |
| 28176E108 | EW | EDWARDS LIFESCIENCES CORP | $88.9M | 1.69% | 1,043,096 | Common | SOLE |
| 92337R101 | VERA | VERA THERAPEUTICS INC | $86.0M | 1.63% | 1,698,152 | Common | SOLE |
| G5960L103 | MDT | MEDTRONIC PLC | $73.6M | 1.40% | 766,592 | Common | SOLE |
| 75943R102 | RLAY | RELAY THERAPEUTICS INC | $70.6M | 1.34% | 8,345,364 | Common | SOLE |
| 45168D104 | IDXX | IDEXX LABS INC | $64.0M | 1.21% | 94,539 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $57.8M | 1.10% | 175,169 | Common | SOLE |
| 252131107 | DXCM | DEXCOM INC | $56.2M | 1.07% | 847,405 | Common | SOLE |
| 45784P101 | PODD | INSULET CORP | $53.1M | 1.01% | 186,699 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & CO | $51.6M | 0.98% | 265,662 | Common | SOLE |
| 008064206 | JBIO | JADE BIOSCIENCES INC | $51.6M | 0.98% | 3,341,103 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $44.6M | 0.84% | 194,633 | Common | SOLE |
| 70975L107 | PEN | PENUMBRA INC | $42.1M | 0.80% | 135,395 | Common | SOLE |
| 761152107 | RMD | RESMED INC | $38.8M | 0.74% | 161,214 | Common | SOLE |
| 28036F105 | EWTX | EDGEWISE THERAPEUTICS INC | $37.9M | 0.72% | 1,528,518 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $37.7M | 0.71% | 65,077 | Common | SOLE |
| 578784100 | MAZE | MAZE THERAPEUTICS INC | $36.8M | 0.70% | 887,708 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $36.5M | 0.69% | 34,003 | Common | SOLE |
| 36266G107 | GEHC | GE HEALTHCARE TECHNOLOGIES I | $34.8M | 0.66% | 424,514 | Common | SOLE |
| 87583X109 | TNGX | TANGO THERAPEUTICS INC | $34.8M | 0.66% | 3,927,670 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $30.8M | 0.58% | 134,859 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $30.3M | 0.57% | 110,013 | Common | SOLE |
| 377322102 | GKOS | GLAUKOS CORP | $29.6M | 0.56% | 261,935 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $26.2M | 0.50% | 126,800 | Common | SOLE |
| 03589W102 | ANNX | ANNEXON INC | $25.9M | 0.49% | 5,157,290 | Common | SOLE |
| G8473T100 | STE | STERIS PLC | $25.8M | 0.49% | 101,705 | Common | SOLE |
| Y95308105 | WVE | WAVE LIFE SCIENCES LTD | $25.3M | 0.48% | 1,490,518 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $24.4M | 0.46% | 69,645 | Common | SOLE |
| 216648501 | COO | COOPER COS INC | $23.9M | 0.45% | 291,959 | Common | SOLE |
| 379577208 | GMED | GLOBUS MED INC | $22.9M | 0.43% | 262,683 | Common | SOLE |
| 016255101 | ALGN | ALIGN TECHNOLOGY INC | $22.1M | 0.42% | 141,474 | Common | SOLE |
| 98956P102 | ZBH | ZIMMER BIOMET HOLDINGS INC | $21.5M | 0.41% | 238,680 | Common | SOLE |
| 58155Q103 | MCK | MCKESSON CORP | $20.6M | 0.39% | 25,098 | Common | SOLE |
| 40412C101 | HCA | HCA HEALTHCARE INC | $20.5M | 0.39% | 43,906 | Common | SOLE |
| 444859102 | HUM | HUMANA INC | $18.7M | 0.35% | 73,081 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $18.0M | 0.34% | 80,529 | Common | SOLE |
| 74276L105 | PRCT | PROCEPT BIOROBOTICS CORP | $16.2M | 0.31% | 515,430 | Common | SOLE |
| 632307104 | NTRA | NATERA INC | $12.8M | 0.24% | 56,036 | Common | SOLE |
| 574795100 | MASI | MASIMO CORP | $12.7M | 0.24% | 97,285 | Common | SOLE |
| 89377M109 | TMDX | TRANSMEDICS GROUP INC | $11.9M | 0.23% | 97,885 | Common | SOLE |
| 15135B101 | CNC | CENTENE CORP DEL | $11.3M | 0.21% | 273,674 | Common | SOLE |
| 75886F107 | REGN | REGENERON PHARMACEUTICALS | $10.8M | 0.20% | 13,928 | Common | SOLE |
| 74276R102 | PRVA | PRIVIA HEALTH GROUP INC | $10.6M | 0.20% | 448,163 | Common | SOLE |
| 881624209 | TEVA | TEVA PHARMACEUTICAL INDS LTD | $10.2M | 0.19% | 327,863 | Common | SOLE |
| 86366E106 | GPCR | STRUCTURE THERAPEUTICS INC | $10.1M | 0.19% | 145,167 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $9.7M | 0.18% | 92,117 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC | $9.3M | 0.18% | 41,267 | Common | SOLE |
| 457730109 | INSP | INSPIRE MED SYS INC | $9.3M | 0.18% | 100,761 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $8.7M | 0.16% | 109,058 | Common | SOLE |
| 14167L103 | CDNA | CAREDX INC | $8.1M | 0.15% | 431,070 | Common | SOLE |
| 60855R100 | MOH | MOLINA HEALTHCARE INC | $8.1M | 0.15% | 46,626 | Common | SOLE |
| 88033G407 | THC | TENET HEALTHCARE CORP | $8.0M | 0.15% | 40,239 | Common | SOLE |
| 946784105 | WAY | WAYSTAR HLDG CORP | $7.9M | 0.15% | 241,734 | Common | SOLE |
| 375558103 | GILD | GILEAD SCIENCES INC | $6.5M | 0.12% | 52,752 | Common | SOLE |
| 031162100 | AMGN | AMGEN INC | $6.1M | 0.11% | 18,489 | Common | SOLE |
| 88025U109 | TXG | 10X GENOMICS INC | $5.3M | 0.10% | 322,060 | Common | SOLE |
| 04351P101 | ASNDUSD | ASCENDIS PHARMA A/S | $5.2M | 0.10% | 24,330 | Common | SOLE |
| 05464T104 | AXSM | AXSOME THERAPEUTICS INC | $5.0M | 0.10% | 27,600 | Common | SOLE |
| 58507V107 | MDLN | MEDLINE INC | $4.9M | 0.09% | 117,720 | Common | SOLE |
| 00650F109 | ADPT | ADAPTIVE BIOTECHNOLOGIES COR | $4.8M | 0.09% | 298,090 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $4.5M | 0.08% | 24,560 | Common | SOLE |
| 09075V102 | BNTX | BIONTECH SE | $4.2M | 0.08% | 43,755 | Common | SOLE |
| 09061G101 | BMRN | BIOMARIN PHARMACEUTICAL INC | $3.9M | 0.07% | 65,008 | Common | SOLE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB CO | $3.6M | 0.07% | 67,082 | Common | SOLE |
| 10950A106 | BTSG | BRIGHTSPRING HEALTH SVCS INC | $3.4M | 0.07% | 92,095 | Common | SOLE |
| 64049M209 | NEO | NEOGENOMICS INC | $3.3M | 0.06% | 278,286 | Common | SOLE |
| 05352A100 | AVTR | AVANTOR INC | $3.2M | 0.06% | 276,266 | Common | SOLE |
| 71944F106 | PHR | PHREESIA INC | $3.1M | 0.06% | 183,213 | Common | SOLE |
| 07373V105 | BEAM | BEAM THERAPEUTICS INC | $3.1M | 0.06% | 111,510 | Common | SOLE |
| G52441105 | KMTS | KESTRA MED TECHNOLOGIES LTD | $3.1M | 0.06% | 115,755 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $3.0M | 0.06% | 22,940 | Common | SOLE |
| 68170A108 | OMDA | OMADA HEALTH INC | $2.8M | 0.05% | 177,897 | Common | SOLE |
| 046353108 | AZNN | ASTRAZENECA PLC | $2.8M | 0.05% | 30,431 | Common | SOLE |
| 457669307 | INSM | INSMED INC | $2.4M | 0.05% | 13,915 | Common | SOLE |
| 92686J106 | VKTX | VIKING THERAPEUTICS INC | $2.4M | 0.05% | 68,665 | Common | SOLE |
| G76279101 | ROIV | ROIVANT SCIENCES LTD | $2.3M | 0.04% | 108,039 | Common | SOLE |
| 08659B102 | BBNX | BETA BIONICS INC | $2.2M | 0.04% | 72,285 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $2.1M | 0.04% | 3,100 | Common | SOLE |
| 29261A100 | EHC | ENCOMPASS HEALTH CORP | $2.0M | 0.04% | 19,089 | Common | SOLE |
| 91307C102 | UTHR | UNITED THERAPEUTICS CORP DEL | $1.9M | 0.04% | 3,895 | Common | SOLE |
| 10806X102 | BBIO | BRIDGEBIO PHARMA INC | $1.8M | 0.03% | 24,111 | Common | SOLE |
| 112463104 | BKD | BROOKDALE SR LIVING INC | $1.8M | 0.03% | 167,444 | Common | SOLE |
| 825704109 | SIBN | SI-BONE INC | $1.8M | 0.03% | 90,331 | Common | SOLE |
| 558868105 | MDGL | MADRIGAL PHARMACEUTICALS INC | $1.7M | 0.03% | 2,884 | Common | SOLE |
| 30063P105 | EXK | EXACT SCIENCES CORP | $1.6M | 0.03% | 16,062 | Common | SOLE |
| 14149Y108 | CAH | CARDINAL HEALTH INC | $1.6M | 0.03% | 7,669 | Common | SOLE |
| 74366E102 | PTGX | PROTAGONIST THERAPEUTICS INC | $1.4M | 0.03% | 16,543 | Common | SOLE |
| 504922105 | LH | LABCORP HOLDINGS INC | $1.4M | 0.03% | 5,669 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $1.4M | 0.03% | 56,847 | Common | SOLE |
| 52490G102 | LEGN | LEGEND BIOTECH CORP | $1.4M | 0.03% | 63,971 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $1.3M | 0.03% | 15,500 | Common | SOLE |
| N62509109 | NAMS | NEWAMSTERDAM PHARMA COMPANY | $1.3M | 0.02% | 36,336 | Common | SOLE |
| 74834L100 | DGX | QUEST DIAGNOSTICS INC | $1.3M | 0.02% | 7,280 | Common | SOLE |
| 20451W101 | CMPS | COMPASS PATHWAYS PLC | $981,477 | 0.02% | 142,243 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $902,575 | 0.02% | 3,320 | Common | SOLE |
| 15687V109 | CERT | CERTARA INC | $876,084 | 0.02% | 99,442 | Common | SOLE |
| 090168105 | BLLN | BILLIONTOONE INC | $866,604 | 0.02% | 10,589 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $817,334 | 0.02% | 3,541 | Common | SOLE |
| 76243J105 | RYTM | RHYTHM PHARMACEUTICALS INC | $803,228 | 0.02% | 7,504 | Common | SOLE |
| 04280A100 | ARWR | ARROWHEAD PHARMACEUTICALS IN | $766,805 | 0.01% | 11,550 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $733,505 | 0.01% | 3,933 | Common | SOLE |
| 603170101 | MLYS | MINERALYS THERAPEUTICS INC | $719,486 | 0.01% | 19,826 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $688,926 | 0.01% | 4,700 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $646,658 | 0.01% | 2,066 | Common | SOLE |
| 040413205 | ANET | ARISTA NETWORKS INC | $628,944 | 0.01% | 4,800 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $627,968 | 0.01% | 1,100 | Common | SOLE |
| 09062X103 | BIIB | BIOGEN INC | $627,404 | 0.01% | 3,565 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $620,001 | 0.01% | 1,282 | Common | SOLE |
| 17275R102 | CSCO | CISCO SYS INC | $616,240 | 0.01% | 8,000 | Common | SOLE |
| 23282W605 | CYTK | CYTOKINETICS INC | $586,157 | 0.01% | 9,225 | Common | SOLE |
| 07725L102 | ONC | BEONE MEDICINES LTD | $574,201 | 0.01% | 1,890 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $566,168 | 0.01% | 2,300 | Common | SOLE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $558,909 | 0.01% | 3,900 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $528,072 | 0.01% | 800 | Common | SOLE |
| 26622P107 | DOCS | DOXIMITY INC | $523,257 | 0.01% | 11,817 | Common | SOLE |
| 69366J200 | PTCT | PTC THERAPEUTICS INC | $513,717 | 0.01% | 6,763 | Common | SOLE |
| G7709Q104 | RPRX | ROYALTY PHARMA PLC | $510,087 | 0.01% | 13,201 | Common | SOLE |
| 92826C839 | V | VISA INC | $490,994 | 0.01% | 1,400 | Common | SOLE |
| 09290D101 | BLK | BLACKROCK INC | $481,653 | 0.01% | 450 | Common | SOLE |
| 45337C102 | INCY | INCYTE CORP | $471,429 | 0.01% | 4,773 | Common | SOLE |
| 550021109 | LULU | LULULEMON ATHLETICA INC | $465,494 | 0.01% | 2,240 | Common | SOLE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $444,375 | 0.01% | 2,500 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $419,988 | 0.01% | 1,200 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $402,450 | 0.01% | 1,500 | Common | SOLE |
| 218352102 | CORT | CORCEPT THERAPEUTICS INC | $365,226 | 0.01% | 10,495 | Common | SOLE |
| H2906T109 | GRMN | GARMIN LTD | $350,119 | 0.01% | 1,726 | Common | SOLE |
| 72703H101 | PLNT | PLANET FITNESS INC | $344,175 | 0.01% | 3,173 | Common | SOLE |
| 30161Q104 | EXEL | EXELIXIS INC | $322,633 | 0.01% | 7,361 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $315,700 | 0.01% | 11,000 | Common | SOLE |
| 40131M109 | GH | GUARDANT HEALTH INC | $306,829 | 0.01% | 3,004 | Common | SOLE |
| 80105N105 | SNY | SANOFI SA | $283,539 | 0.01% | 5,851 | Common | SOLE |
| 88023B103 | TEM | TEMPUS AI INC | $282,023 | 0.01% | 4,776 | Common | SOLE |
| 86627T108 | SMMT | SUMMIT THERAPEUTICS INC | $249,442 | 0.00% | 14,262 | Common | SOLE |
| 60770K107 | MRNA | MODERNA INC | $227,397 | 0.00% | 7,711 | Common | SOLE |
| 22663K107 | CRNX | CRINETICS PHARMACEUTICALS IN | $188,062 | 0.00% | 4,040 | Common | SOLE |
| G01767105 | ALKS | ALKERMES PLC | $184,500 | 0.00% | 6,594 | Common | SOLE |
| 03073E105 | COR | CENCORA INC | $175,968 | 0.00% | 521 | Common | SOLE |
| 142152107 | CAI | CARIS LIFE SCIENCES INC | $173,158 | 0.00% | 6,418 | Common | SOLE |
| 45166A102 | IDYA | IDEAYA BIOSCIENCES INC | $170,845 | 0.00% | 4,942 | Common | SOLE |
| 89422G107 | TVTX | TRAVERE THERAPEUTICS INC | $146,230 | 0.00% | 3,827 | Common | SOLE |
| 156944100 | CGON | CG ONCOLOGY INC | $128,504 | 0.00% | 3,095 | Common | SOLE |
| 24823R105 | DNLI | DENALI THERAPEUTICS INC | $117,848 | 0.00% | 7,138 | Common | SOLE |
| N90064101 | QURE | UNIQURE NV | $113,979 | 0.00% | 4,763 | Common | SOLE |
| 03753U106 | APLSUSD | APELLIS PHARMACEUTICALS INC | $105,755 | 0.00% | 4,210 | Common | SOLE |
| 03168L105 | AMRX | AMNEAL PHARMACEUTICALS INC | $99,704 | 0.00% | 7,913 | Common | SOLE |
| H17182108 | CRSP | CRISPR THERAPEUTICS AG | $98,587 | 0.00% | 1,880 | Common | SOLE |
| 68062P106 | OLMA | OLEMA PHARMACEUTICALS INC | $97,550 | 0.00% | 3,902 | Common | SOLE |
| 89532M101 | TRVI | TREVI THERAPEUTICS INC | $95,190 | 0.00% | 7,603 | Common | SOLE |
| 372303206 | GMAB | GENMAB A/S | $92,677 | 0.00% | 3,009 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $91,723 | 0.00% | 729 | Common | SOLE |
| 90240B106 | TYRA | TYRA BIOSCIENCES INC | $82,629 | 0.00% | 3,143 | Common | SOLE |
| 68622P109 | ORIC | ORIC PHARMACEUTICALS INC | $79,395 | 0.00% | 9,706 | Common | SOLE |
| 90400D108 | RARE | ULTRAGENYX PHARMACEUTICAL IN | $59,340 | 0.00% | 2,580 | Common | SOLE |
| 592688105 | MTD | METTLER TOLEDO INTERNATIONAL | $52,979 | 0.00% | 38 | Common | SOLE |
| 00846U101 | A | AGILENT TECHNOLOGIES INC | $47,625 | 0.00% | 350 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $39,567 | 0.00% | 203 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $35,749 | 0.00% | 209 | Common | SOLE |
| 45826J105 | NTLA | INTELLIA THERAPEUTICS INC | $26,772 | 0.00% | 2,978 | Common | SOLE |
| 75629V104 | RXRX | RECURSION PHARMACEUTICALS IN | $20,127 | 0.00% | 4,921 | 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.