Fund HoldingsORBIMED ADVISORS LLC

Total Portfolio Value
$4.89B
Total Bought
$612.95M
Total Sold
$681.72M
Net Transaction
-$68.76M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
EDGEWISE THERAPEUTICS INC(EWTX)15,518,49215,518,4920251,710385,0917.88%+133,381
ELI LILLY & CO(LLY)0301,200+301,2000323,6946.62%+323,694
MBX BIOSCIENCES INC(MBX)4,002,8873,935,203-67,68470,051124,1162.54%+54,066
STRUCTURE THERAPEUTICS INC1,139,3001,161,803+22,50331,90080,8031.65%+48,903
UPSTREAM BIO INC5,693,5895,693,5890107,096154,5813.16%+47,485
BRISTOL-MYERS SQUIBB CO(BMY)0775,000+775,000041,8040.86%+41,804
PFIZER INC(PFE)01,652,900+1,652,900041,1570.84%+41,157
SIONNA THERAPEUTICS INC(SION)3,704,9593,561,655-143,304108,963146,5263.00%+37,564
ELEVANCE HEALTH INC FORMERLY(ELV)099,100+99,100034,7400.71%+34,740
CYBIN INC03,840,500+3,840,500031,4150.64%+31,415
TERNS PHARMACEUTICALS INC7,562,9712,153,300-5,409,67156,79886,9931.78%+30,195
COMPASS THERAPEUTICS INC15,219,99415,219,994053,27081,7311.67%+28,461
PRAXIS PRECISION MEDICINES I(PRAX)094,500+94,500027,8530.57%+27,853
RAPT THERAPEUTICS INC1,086,6181,642,891+556,27328,02455,6451.14%+27,621
BRUKER CORP(BRKR)0555,789+555,789026,1830.54%+26,183
EDWARDS LIFESCIENCES CORP01,842,900+1,842,9000157,1073.22%+157,107
ESPERION THERAPEUTICS INC NE(ESPR)05,965,498+5,965,498022,0720.45%+22,072
LEXEO THERAPEUTICS INC02,125,000+2,125,000021,1010.43%+21,101
INTUITIVE SURGICAL INC0263,400+263,4000149,1793.05%+149,179
EYEPOINT INC(EYPT)1,796,0002,468,314+672,31425,57545,0960.92%+19,521
VERA THERAPEUTICS INC(VERA)0353,500+353,500017,9010.37%+17,901
ABIVAX SA(ABVX)380,000367,900-12,10032,26249,6131.02%+17,351
DANAHER CORPORATION(DHR)263,100299,800+36,70052,16268,6301.40%+16,468
PRELUDE THERAPEUTICS INC10,909,25610,909,256015,70931,6370.65%+15,928
NATERA INC(NTRA)0365,800+365,800083,8011.71%+83,801
FORTE BIOSCIENCES INC(FBRX)1,196,9551,196,955017,95432,6410.67%+14,687
DYNE THERAPEUTICS INC(DYN)2,314,1842,202,184-112,00029,27443,0750.88%+13,800
ARS PHARMACEUTICALS INC08,288,510+8,288,510096,5611.98%+96,561
COGENT BIOSCIENCES INC(COGT)0371,000+371,000013,1780.27%+13,178
EDWARDS LIFESCIENCES CORP(Call)0150,000+150,000012,788+12,788
RELMADA THERAPEUTICS INC02,610,600+2,610,600012,6090.26%+12,609
MIND MEDICINE MINDMED INC367,8241,226,700+858,8764,33716,4260.34%+12,089
TECTONIC THERAPEUTIC INC0574,600+574,600011,9860.25%+11,986
KRYSTAL BIOTECH INC(KRYS)102,745119,800+17,05518,13829,5350.60%+11,398
BRIGHTSPRING HEALTH SVCS INC(BTSG)263,800488,500+224,7007,79818,2940.37%+10,496
NEUROPACE INC2,614,1842,406,335-207,84926,95237,1540.76%+10,202
TREVI THERAPEUTICS INC(TRVI)3,308,4003,190,700-117,70030,27239,9480.82%+9,676
THE CIGNA GROUP(CI)162,800205,000+42,20046,92756,4221.15%+9,495
ADICET BIO INC01,027,944+1,027,94408,6550.18%+8,655
APELLIS PHARMACEUTICALS INC
COM
2,323,3682,429,868+106,50052,57861,0381.25%+8,460
SHATTUCK LABS INC6,306,1276,306,127015,07223,0170.47%+7,946
KINIKSA PHARMACEUTICALS INTL(KNSA)0187,199+187,19907,7220.16%+7,722
IMAGENEBIO INC6,210,8996,210,899012,50520,1340.41%+7,630
UROGEN PHARMA LTD(URGN)689,000875,487+186,48713,74620,5040.42%+6,758
BIOCRYST PHARMACEUTICALS INC(BCRX)901,5001,741,800+840,3006,84213,5860.28%+6,744
ROIVANT SCIENCES LTD(ROIV)2,714,7982,190,907-523,89141,07547,5430.97%+6,468
KALVISTA PHARMACEUTICALS INC0382,400+382,40006,1760.13%+6,176
BIOAGE LABS INC(BIOA)790,901790,90104,65010,4640.21%+5,813
PHARVARIS N V
COM
0205,400+205,40005,7000.12%+5,700
ARRIVENT BIOPHARMA INC(AVBP)03,027,328+3,027,328060,9101.25%+60,910
AVALO THERAPEUTICS INC(AVTX)1,349,3001,187,300-162,00017,15021,5610.44%+4,412
PALISADE BIO INC01,871,420+1,871,42004,3980.09%+4,398
CELCUITY INC(CELC)84,02085,664+1,6444,1518,5440.17%+4,394
THERMO FISHER SCIENTIFIC INC(TMO)46,50046,500022,55326,9440.55%+4,391
RHYTHM PHARMACEUTICALS INC(RYTM)215,152239,800+24,64821,72825,6680.53%+3,940
JADE BIOSCIENCES INC531,163531,16304,5848,1960.17%+3,612
BICARA THERAPEUTICS INC0209,100+209,10003,5190.07%+3,519
XENON PHARMACEUTICALS INC(XENE)0447,200+447,200020,0440.41%+20,044
UNITED THERAPEUTICS CORP DEL(UTHR)114,900105,200-9,70048,16751,2591.05%+3,091
ALUMIS INC1,926,4231,102,730-823,6937,68610,7630.22%+3,076
Q32 BIO INC2,252,9872,252,98704,4617,4800.15%+3,019
REPARE THERAPEUTICS INC3,322,4883,322,48805,8488,6380.18%+2,791
INSMED INC(INSM)13,45925,400+11,9411,9384,4210.09%+2,482
CORVUS PHARMACEUTICALS INC(CRVS)7,165,0067,165,006052,80655,1711.13%+2,364
WHITEHAWK THERAPEUTICS INC4,166,0004,166,00007,91510,0820.21%+2,166
REVOLUTION MEDICINES INC(RVMD)025,900+25,90002,0630.04%+2,063
OCULAR THERAPEUTIX INC(OCUL)0157,300+157,30001,9100.04%+1,910
PROTAGONIST THERAPEUTICS INC021,700+21,70001,8950.04%+1,895
PTC THERAPEUTICS INC(PTCT)023,200+23,20001,7620.04%+1,762
ALTO NEUROSCIENCE INC(ANRO)250,000125,000-125,0001,0052,2250.05%+1,220
COGENT BIOSCIENCES INC(COGT)00001,1740.02%+1,174
MAPLIGHT THERAPEUTICS INC(MPLT)056,000+56,00009520.02%+952
TARSUS PHARMACEUTICALS INC(TARS)197,900154,400-43,50011,76112,6420.26%+881
VIR BIOTECHNOLOGY INC(VIR)2,380,7152,380,715013,59414,3560.29%+762
CRINETICS PHARMACEUTICALS IN(CRNX)1,099,000999,000-100,00045,77346,5030.95%+730
INSPIREMD INC2,133,4053,133,405+1,000,0005,1425,5770.11%+436
KEROS THERAPEUTICS INC1,018,734804,212-214,52216,11616,3740.34%+257
SINOVAC BIOTECH LTD(SVA)02,718,735+2,718,7350184,4663.77%+184,466
VISTAGEN THERAPEUTICS INC(Call)45,20045,200016030-131
DIH HLDG US INC1,915,0000-1,915,0003580-358
TRAWS PHARMA INC605,531605,53101,1206840.01%-436
IMAGENEBIO INC378,556378,55603,0852,6120.05%-473
PASSAGE BIO INC59,0460-59,0464740-474
XERIS BIOPHARMA HOLDINGS INC80,4200-80,4206550-655
KEZAR LIFE SCIENCES INC
COM NEW
192,7000-192,7007520-752
LYELL IMMUNOPHARMA INC51,7270-51,7278400-840
MURAL ONCOLOGY PUB LTD CO588,8000-588,8001,2190-1,219
CARLSMED INC1,252,6001,252,600016,77215,4700.32%-1,303
ASCENDIS PHARMA A/S(ASND)191,905171,977-19,92838,15336,6720.75%-1,480
KORRO BIO INC32,4000-32,4001,5520-1,552
CORBUS PHARMACEUTICALS HLDGS1,172,2871,597,287+425,00014,82913,0020.27%-1,828
ATAI LIFE SCIENCES NV347,0000-347,0001,8360-1,836
PMV PHARMACEUTICALS INC5,975,2914,975,291-1,000,0008,3656,2190.13%-2,146
AMICUS THERAPEUTICS INC
COM
1,645,400729,900-915,50012,96610,3940.21%-2,572
CELCUITY INC(CELC)0002,6840-2,684
ADC THERAPEUTICS SA5,907,3515,822,854-84,49723,62920,5550.42%-3,075
TG THERAPEUTICS INC(TGTX)(Call)100,0000-100,0003,6130-3,612
SCHOLAR ROCK HLDG CORP(SRRK)(Call)100,0000-100,0003,7240-3,724
IMMATICS N.V(IMTX)466,6010-466,6013,9750-3,975
CRINETICS PHARMACEUTICALS IN(CRNX)(Put)100,0000-100,0004,1650-4,165
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