Fund Holdings

BAKER BROS. ADVISORS LP

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
Praxis Precision Medicines, Inc.(PRAX)1,126,4881,753,198+626,710332,021,073564,862,8643.24%+232,841,791
Kodiak Sciences Inc.(KOD)19,919,18619,919,1860556,940,441759,319,3704.36%+202,378,929
Revolution Medicines, Inc.(RVMD)9,455,3579,555,357+100,000753,119,185929,258,4685.34%+176,139,283
Celcuity Inc.(CELC)7,915,7927,915,7920789,521,094903,508,4995.19%+113,987,405
Alkermes plc(ALKS)10,012,26710,012,2670280,143,231354,033,7612.03%+73,890,530
Insmed Incorporated(INSM)6,592,7467,421,111+828,3651,147,401,5141,213,500,0716.97%+66,098,557
Summit Therapeutics Inc.(SMMT)36,391,06336,391,0630636,479,692689,974,5543.96%+53,494,862
Kymera Therapeutics, Inc.(KYMR)8,657,2428,657,2420673,620,000721,061,6864.14%+47,441,686
Edgewise Therapeutics, Inc.(EWTX)6,575,9406,575,9400163,181,951207,142,1101.19%+43,960,159
Mirum Pharmaceuticals, Inc.(MIRM)0445,975+445,975041,199,1710.24%+41,199,171
Dianthus Therapeutics, Inc.(DNTH)789,759852,164+62,40532,545,96871,513,6030.41%+38,967,635
Enliven Therapeutics, Inc.271,406905,191+633,7854,179,65235,483,4870.20%+31,303,835
GRAIL, Inc.(GRAL)2,085,3334,028,614+1,943,281178,483,651208,198,7721.20%+29,715,121
Alumis Inc.1,562,5002,012,500+450,00015,250,00044,335,3750.25%+29,085,375
Kiniksa Pharmaceuticals International, plc(KNSA)2,826,2462,826,2460116,582,648136,083,7450.78%+19,501,097
Evommune, Inc.0847,390+847,390019,481,4960.11%+19,481,496
Aktis Oncology, Inc.(AKTS)0996,351+996,351017,824,7190.10%+17,824,719
Generate Biomedicines, Inc.(GENB)01,423,602+1,423,602017,795,0250.10%+17,795,025
Spyre Therapeutics, Inc.(SYRE)1,000,0001,000,000032,760,00050,440,0000.29%+17,680,000
Roivant Sciences Ltd.(ROIV)5,555,0174,867,723-687,294120,543,869134,835,9270.77%+14,292,058
COMPASS Pathways plc(CMPS)02,344,720+2,344,720012,966,3020.07%+12,966,302
Ionis Pharmaceuticals, Inc.(IONS)1,791,8412,047,727+255,886141,752,542153,763,8200.88%+12,011,278
Entrada Therapeutics, Inc.5,072,7305,072,730052,147,66464,017,8530.37%+11,870,189
AbCellera Biologics Inc.(ABCL)27,525,64030,275,938+2,750,29894,137,689105,663,0240.61%+11,525,335
Denali Therapeutics Inc.(DNLI)3,731,6953,731,695061,610,28471,648,5440.41%+10,038,260
Centessa Pharmaceuticals plc670,751670,751016,775,48326,642,2300.15%+9,866,747
Crinetics Pharmaceuticals, Inc.(CRNX)1,648,8692,351,465+702,59676,754,85285,405,2090.49%+8,650,357
Celcuity Inc.(CELC)030,750,000+30,750,00066,580,02374,868,5630.43%+8,288,540
Design Therapeutics, Inc.2,233,0992,585,978+352,87920,946,46927,514,8060.16%+6,568,337
IDEAYA Biosciences, Inc.(IDYA)3,618,8263,946,515+327,689125,102,815131,497,8800.76%+6,395,065
Eikon Therapeutics, Inc.0555,555+555,55505,877,7720.03%+5,877,772
CytomX Therapeutics, Inc.4,250,8264,975,826+725,00018,108,51923,386,3820.13%+5,277,863
Prelude Therapeutics Inc.10,123,82410,123,824029,359,09034,623,4780.20%+5,264,388
Xenon Pharmaceuticals Inc.(XENE)370,208370,208016,592,72321,527,5950.12%+4,934,872
Monte Rosa Therapeutics, Inc.(GLUE)4,345,7364,345,736068,141,14071,487,3570.41%+3,346,217
Verastem, Inc.0584,757+584,75703,099,2120.02%+3,099,212
Celldex Therapeutics, Inc.(CLDX)665,370665,370018,071,44921,105,5360.12%+3,034,087
Stoke Therapeutics, Inc.(STOK)3,336,6973,336,6970105,906,763108,642,8540.62%+2,736,091
Arcus Biosciences, Inc.(RCUS)270,000415,621+145,6216,434,1008,977,4140.05%+2,543,314
DBV Technologies S.A.1,461,4251,461,425028,015,51730,529,1680.18%+2,513,651
Contineum Therapeutics, Inc.1,420,8381,420,838016,240,17818,556,1440.11%+2,315,966
Relay Therapeutics, Inc.(RLAY)1,160,1171,160,11709,814,59011,543,1640.07%+1,728,574
Rapport Therapeutics, Inc.(RAPP)1,547,0901,547,090046,938,71148,408,4460.28%+1,469,735
MapLight Therapeutics, Inc.(MPLT)364,705364,70506,406,0437,414,4530.04%+1,008,410
LB Pharmaceuticals Inc.(LBRX)200,000200,00004,452,0004,932,0000.03%+480,000
Pharvaris N.V.
COM
375,000375,000010,406,25010,593,7500.06%+187,500
Tyra Biosciences, Inc.(TYRA)10,60710,6070278,858406,2480.00%+127,390
Wave Life Sciences Ltd.(WVE)344,063822,638+478,5755,849,0715,964,1260.03%+115,055
TScan Therapeutics, Inc.2,784,7922,784,79202,784,7922,812,6400.02%+27,848
Surrozen, Inc.833,333833,333016,66713,3330.00%-3,334
vTv Therapeutics, Inc.148,314148,31405,931,0775,882,1330.03%-48,944
Acrivon Therapeutics, Inc.22,8090-22,80954,9700-54,970
Tectonic Therapeutic, Inc.903,400607,788-295,61218,844,92418,786,7270.11%-58,197
Protara Therapeutics, Inc.971,614971,61405,178,7035,062,1090.03%-116,594
Skye Bioscience, Inc.1,450,6381,575,243+124,6051,087,543968,1440.01%-119,399
Aligos Therapeutics, Inc.83,05583,0550774,073617,0990.00%-156,974
Sana Biotechnology, Inc.(SANA)310,483310,48301,263,666894,1910.01%-369,475
Sionna Therapeutics, Inc.(SION)400,000400,000016,456,00016,036,0000.09%-420,000
Neurogene Inc.991,691991,691020,428,83519,992,4910.11%-436,344
Sagimet Biosciences Inc.952,996952,99605,641,7364,979,4040.03%-662,332
KALA BIO, Inc.1,804,0550-1,804,0551,002,8740-1,002,874
Absci Corporation2,134,8032,134,80307,450,4626,404,4090.04%-1,046,053
Dyne Therapeutics, Inc.(DYN)813,449813,449015,911,06214,747,8300.08%-1,163,232
Jade Biosciences, Inc.1,641,1371,641,137025,322,74423,057,9750.13%-2,264,769
Cerus Corporation10,008,34510,008,345020,617,19118,215,1880.10%-2,402,003
argenx SE(ARGX)25,17425,174021,170,07518,383,3140.11%-2,786,761
Immunovant, Inc.(IMVT)5,457,8815,457,8810138,739,335135,573,7640.78%-3,165,571
Vir Biotechnology, Inc.(VIR)542,5390-542,5393,271,5100-3,271,510
4D Molecular Therapeutics, Inc.475,7370-475,7373,568,0280-3,568,028
Xencor, Inc.(XNCR)1,102,1061,102,106016,873,24313,291,3980.08%-3,581,845
Taysha Gene Therapies, Inc.(TSHA)4,004,7564,004,756022,026,15817,901,2590.10%-4,124,899
Disc Medicine, Inc.(IRON)337,050349,657+12,60726,765,14122,357,0690.13%-4,408,072
Sera Prognostics, Inc.5,498,1705,498,170016,219,60211,161,2850.06%-5,058,317
Nuvalent, Inc.(NUVL)143,9370-143,93714,478,6230-14,478,623
Nurix Therapeutics, Inc.(NRIX)4,658,5564,658,556088,372,80772,207,6180.41%-16,165,189
Arrowhead Pharmaceuticals, Inc.(ARWR)2,175,6451,992,783-182,862144,441,072124,947,4940.72%-19,493,578
Immatics N.V.(IMTX)12,094,09410,916,693-1,177,401126,987,987107,420,2590.62%-19,567,728
Abivax S.A.(ABVX)875,796875,7960118,105,47097,519,8850.56%-20,585,585
Ventyx Biosciences, Inc.2,349,2800-2,349,28021,213,9980-21,213,998
BioCryst Pharmaceuticals, Inc.(BCRX)2,822,7270-2,822,72722,017,2710-22,017,271
Viridian Therapeutics, Inc.(VRDN)1,971,6781,971,678061,358,61938,566,0220.22%-22,792,597
Replimune Group, Inc.(REPL)11,045,33611,045,3360107,360,66684,496,8200.49%-22,863,846
BioNTech SE(BNTX)368,923119,743-249,18035,121,47010,642,7580.06%-24,478,712
Bicycle Therapeutics plc10,885,35710,885,357077,068,32850,508,0560.29%-26,560,272
Structure Therapeutics Inc.1,432,5291,432,529099,632,39269,047,8980.40%-30,584,494
Terns Pharmaceuticals, Inc.950,0000-950,00038,380,0000-38,380,000
Immunocore Holdings plc(IMCR)2,322,656734,397-1,588,25980,619,39022,142,0700.13%-58,477,320
BeOne Medicines Ltd.(ONC)8,799,0538,799,05302,673,240,2922,613,054,76915.00%-60,185,523
Ultragenyx Pharmaceutical Inc.(RARE)2,772,6920-2,772,69263,771,9160-63,771,916
Rhythm Pharmaceuticals, Inc.(RYTM)5,604,4835,604,4830599,903,860487,421,8872.80%-112,481,973
Madrigal Pharmaceuticals, Inc.(MDGL)2,141,7012,141,70101,247,198,1601,121,116,2226.44%-126,081,938
Incyte Corporation(INCY)30,743,99130,744,412+4213,036,583,9912,893,664,05716.62%-142,919,934
ACADIA Pharmaceuticals Inc.42,896,69042,896,69001,145,770,590954,880,3195.48%-190,890,271
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