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BAKER BROS. ADVISORS LP

Q2 2026 13F filing

Updated 27 days ago

84 disclosed positions worth $20B

Portfolio value
$20B
Total holdings
84
New positions
8
Closed positions
8
Increased
16
Decreased
7
Turnover
19.1%
Filed
2026-08-14

Full holdings

Every line item disclosed in Q2 2026

I

Incyte Corporation

+0.1%
Value
$3.5B
Shares
30.76M
% Port
17.48%
B

BeOne Medicines Ltd.

+0.0%
Value
$2.5B
Shares
8.80M
% Port
12.57%
R

Revolution Medicines, Inc.

+19.8%
Value
$2.1B
Shares
11.44M
% Port
10.74%
M

Madrigal Pharmaceuticals, Inc.

+0.1%
Value
$1.2B
Shares
2.14M
% Port
5.77%
A

ACADIA Pharmaceuticals Inc.

+0.0%
Value
$1.1B
Shares
42.91M
% Port
5.44%
K

Kymera Therapeutics, Inc.

Unchanged
Value
$992.7M
Shares
8.66M
% Port
4.97%
I

Insmed Incorporated

+18.5%
Value
$937.8M
Shares
8.80M
% Port
4.70%
C

Celcuity Inc.

Unchanged
Value
$828.2M
Shares
7.92M
% Port
4.15%
K
9.KOD

Kodiak Sciences Inc.

Unchanged
Value
$776.1M
Shares
19.92M
% Port
3.89%
R
10.RYTM

Rhythm Pharmaceuticals, Inc.

Unchanged
Value
$622.3M
Shares
5.60M
% Port
3.12%
P
11.PRAX

Praxis Precision Medicines, Inc.

Unchanged
Value
$587M
Shares
1.75M
% Port
2.94%
A
12.ALKS

Alkermes plc

Unchanged
Value
$524.6M
Shares
10.01M
% Port
2.63%
S
13.SMMT

Summit Therapeutics Inc.

-9.9%
Value
$477.7M
Shares
32.79M
% Port
2.39%
G
14.GRAL

GRAIL, Inc.

Unchanged
Value
$275M
Shares
4.03M
% Port
1.38%
A
15.ABCL

AbCellera Biologics Inc.

+9.0%
Value
$259.1M
Shares
33.01M
% Port
1.30%
I
16.IMVT

Immunovant, Inc.

-0.4%
Value
$209.4M
Shares
5.44M
% Port
1.05%
I
17.IDYA

IDEAYA Biosciences, Inc.

+26.9%
Value
$186.7M
Shares
5.01M
% Port
0.94%
K
18.KNSA

Kiniksa Pharmaceuticals International, plc

+0.3%
Value
$181.3M
Shares
2.83M
% Port
0.91%
R
19.ROIV

Roivant Sciences Ltd.

-3.1%
Value
$166.9M
Shares
4.72M
% Port
0.84%
A
20.ARWR

Arrowhead Pharmaceuticals, Inc.

Unchanged
Value
$162.4M
Shares
1.99M
% Port
0.81%
I
21.IONS

Ionis Pharmaceuticals, Inc.

Unchanged
Value
$162.4M
Shares
2.05M
% Port
0.81%
E
22.EWTX

Edgewise Therapeutics, Inc.

-43.7%
Value
$150.4M
Shares
3.70M
% Port
0.75%
Q
23.QCOM

Replimune Group, Inc.

Unchanged
Value
$122.3M
Shares
11.05M
% Port
0.61%
N
24.NRIX

Nurix Therapeutics, Inc.

Unchanged
Value
$113M
Shares
4.66M
% Port
0.57%
S
25.STOK

Stoke Therapeutics, Inc.

Unchanged
Value
$109.2M
Shares
3.34M
% Port
0.55%
M
26.MNST

Monte Rosa Therapeutics, Inc.

Unchanged
Value
$105.2M
Shares
4.35M
% Port
0.53%
I
27.IMTX

Immatics N.V.

-12.9%
Value
$96.3M
Shares
9.51M
% Port
0.48%
D
28.DNLI

Denali Therapeutics Inc.

+0.1%
Value
$96M
Shares
3.73M
% Port
0.48%
C
29.CRNX

Crinetics Pharmaceuticals, Inc.

Unchanged
Value
$88M
Shares
2.35M
% Port
0.44%
D
30.DNTH

Dianthus Therapeutics, Inc.

Unchanged
Value
$83.1M
Shares
852.2K
% Port
0.42%
G
31.GPCR

Structure Therapeutics Inc.

Unchanged
Value
$76.9M
Shares
1.43M
% Port
0.39%
C
32.CELC

Celcuity Inc.

Unchanged
Value
$69.2M
Shares
30.75M
% Port
0.35%
R
33.RAPP

Rapport Therapeutics, Inc.

Unchanged
Value
$64.5M
Shares
1.55M
% Port
0.32%
A
34.ALMS

Alumis Inc.

Unchanged
Value
$56.6M
Shares
2.01M
% Port
0.28%
P
35.PRLD

Prelude Therapeutics Inc.

Unchanged
Value
$54M
Shares
10.12M
% Port
0.27%
R
36.RLAY

Relay Therapeutics, Inc.

+143.7%
Value
$52.9M
Shares
2.83M
% Port
0.27%
M
37.MIRM

Mirum Pharmaceuticals, Inc.

Unchanged
Value
$52.2M
Shares
446.0K
% Port
0.26%
B
38.BCYC

Bicycle Therapeutics plc

Unchanged
Value
$46.2M
Shares
10.89M
% Port
0.23%
E
39.ELVN

Enliven Therapeutics, Inc.

Unchanged
Value
$45.9M
Shares
905.2K
% Port
0.23%
C
40.CLDX

Celldex Therapeutics, Inc.

+77.7%
Value
$44M
Shares
1.18M
% Port
0.22%
V
41.VRDN

Viridian Therapeutics, Inc.

+20.9%
Value
$43.8M
Shares
2.38M
% Port
0.22%
D
42.DSGN

Design Therapeutics, Inc.

+3.6%
Value
$38.8M
Shares
2.68M
% Port
0.19%
T
43.TRDA

Entrada Therapeutics, Inc.

Unchanged
Value
$37.3M
Shares
5.07M
% Port
0.19%
F
44.FTH

Faeth Therapeutics, Inc.

Value
$32.2M
Shares
1.29M
% Port
0.16%
A
45.AKTS

Aktis Oncology, Inc.

Unchanged
Value
$32.1M
Shares
996.4K
% Port
0.16%
N
46.NGNE

Neurogene Inc.

Unchanged
Value
$31.2M
Shares
991.7K
% Port
0.16%
J
47.JBIO

Jade Biosciences, Inc.

-25.0%
Value
$27.3M
Shares
1.23M
% Port
0.14%
T
48.TSHA

Taysha Gene Therapies, Inc.

Unchanged
Value
$27.3M
Shares
4.00M
% Port
0.14%
R
49.RCUS

Arcus Biosciences, Inc.

+103.3%
Value
$26M
Shares
844.8K
% Port
0.13%
I
50.IRON

Disc Medicine, Inc.

Unchanged
Value
$25.6M
Shares
349.7K
% Port
0.13%