BVF INC/IL

CIK

1056807

Location

San Francisco, CA

Portfolio Value

Mid $3,213,013,806

Diversification

Diversified

Filing Date

Global Rank

#873 / 8,603 ▲ 68 · as of Mar 2026

Top Industry

Biotechnology 97.3%

3Y Alpha vs SPY

+4.8%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+96.9%

SPY

+76.5%

Annualised alpha

+4.5%

Max drawdown

−43.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

40 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

14.3%

−0.1 pts

Top 5

43.1%

−1.5 pts

Top 10

60.8%

−1.8 pts

HHI

564

Diversified−18

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	100.0%	$3,213,013,806	40

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
NKTR	Nektar Therapeutics	+1,000,000	2,559,595	$184,162,860
GLUE	Monte Rosa Therapeutics, Inc.	+625,000	4,460,886	$73,381,574
IRON	Disc Medicine, Inc.	+622,312	1,272,312	$81,351,629
FHTX	Foghorn Therapeutics Inc.	+540,000	5,842,000	$27,924,760
TCRX	TScan Therapeutics, Inc.	+338,216	5,564,290	$5,619,932
IMA	ImageneBio, Inc.	+307,900	1,110,002	$5,550,010
STOK	Stoke Therapeutics, Inc.	+281,883	2,547,557	$82,948,455
AVTX	Avalo Therapeutics, Inc.	+277,588	1,632,845	$24,378,375
MIRM	Mirum Pharmaceuticals, Inc.	+89,437	1,584,727	$146,397,080
PVLA	Palvella Therapeutics, Inc.	+81,980	960,989	$119,787,278
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
MLTX	MoonLake Immunotherapeutics	−3,750,000	16,001,284	$298,263,933
FDMT	4D Molecular Therapeutics, Inc.	−1,750,000	2,879,289	$26,806,180
RVMD	Revolution Medicines, Inc.	−500,000	2,856,782	$277,822,049
ANNX	Annexon, Inc.	−429,907	8,698,173	$48,187,878
SEPN	Septerna, Inc.	−367,533	1,353,249	$32,518,573
ZYME	Zymeworks Inc.	−204,499	3,734,142	$93,502,915
IMCR	Immunocore Holdings plc	−194,512	1,294,463	$39,028,059
GHRS	GH Research PLC	−177,554	8,650,158	$121,621,221
KURA	Kura Oncology, Inc.	−171,393	8,445,769	$68,664,101
TYRA	Tyra Biosciences, Inc.	−151,469	1,976,196	$75,688,306
GPCR	Structure Therapeutics Inc.	−19,664	3,459,358	$166,741,055
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
ALKS	Alkermes plc.	2,000,000	$70,720,000
STRO	Sutro Biopharma, Inc.	1,251,788	$31,182,039
AVR	Anteris Technologies Global Corp.	3,000,000	$16,650,000
OKUR	OnKure Therapeutics, Inc.	1,978,972	$8,192,944
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
ABVX	Abivax S.A.	508,031	$68,510,520
PEPG	PepGen Inc.	1,915,000	$12,466,650
AXSM	Axsome Therapeutics, Inc.	45,757	$8,357,058
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

40 positions · $3,213,013,806 total · as of Mar 31, 2026

All sectors Healthcare

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
KYMR	Kymera Therapeutics, Inc. Healthcare	Held	5,502,710	0	$458,320,715	+7.0%	14.26%
MLTX	MoonLake Immunotherapeutics Healthcare	Reduced	16,001,284	-3,750,000	$298,263,933	+14.6%	9.28%
RVMD	Revolution Medicines, Inc. Healthcare	Reduced	2,856,782	-500,000	$277,822,049	+3.9%	8.65%
NKTR	Nektar Therapeutics Healthcare	Added	2,559,595	+1,000,000	$184,162,860	+179.3%	5.73%
GPCR	Structure Therapeutics Inc. Healthcare	Reduced	3,459,358	-19,664	$166,741,055	−31.1%	5.19%
MIRM	Mirum Pharmaceuticals, Inc. Healthcare	Added	1,584,727	+89,437	$146,397,080	+23.9%	4.56%
GHRS	GH Research PLC Healthcare	Reduced	8,650,158	-177,554	$121,621,221	+8.5%	3.79%
PVLA	Palvella Therapeutics, Inc. Healthcare	Added	960,989	+81,980	$119,787,278	+30.2%	3.73%
ZYME	Zymeworks Inc. Healthcare	Reduced	3,734,142	-204,499	$93,502,915	−9.8%	2.91%
XNCR	Xencor Inc Healthcare	Held	7,133,720	0	$86,032,663	−21.2%	2.68%
IMUX	Immunic, Inc. Healthcare	Held	7,652,972	0	$84,947,989	+107.9%	2.64%
STOK	Stoke Therapeutics, Inc. Healthcare	Added	2,547,557	+281,883	$82,948,455	+15.3%	2.58%
CGEM	Cullinan Therapeutics, Inc. Healthcare	Held	5,750,683	0	$81,717,205	+37.3%	2.54%
IRON	Disc Medicine, Inc. Healthcare	Added	1,272,312	+622,312	$81,351,629	+57.6%	2.53%
XOMA	XOMA Royalty Corp Healthcare	Held	2,590,303	0	$81,257,805	+18.0%	2.53%
OLMA	Olema Pharmaceuticals, Inc. Healthcare	Held	5,295,893	0	$78,961,764	−40.4%	2.46%
TYRA	Tyra Biosciences, Inc. Healthcare	Reduced	1,976,196	-151,469	$75,688,306	+35.3%	2.36%
GLUE	Monte Rosa Therapeutics, Inc. Healthcare	Added	4,460,886	+625,000	$73,381,574	+22.0%	2.28%
ALKS	Alkermes plc. Healthcare	NEW	2,000,000	NEW	$70,720,000	NEW	2.20%
KURA	Kura Oncology, Inc. Healthcare	Reduced	8,445,769	-171,393	$68,664,101	−23.3%	2.14%
ACIU	AC Immune SA Healthcare	Held	19,822,436	0	$54,511,699	−12.4%	1.70%
CBIO	Crescent Biopharma, Inc. Healthcare	Held	2,748,763	0	$50,494,776	+54.9%	1.57%
ANNX	Annexon, Inc. Healthcare	Reduced	8,698,173	-429,907	$48,187,878	+5.2%	1.50%
CMPX	Compass Therapeutics, Inc. Healthcare	Held	7,764,842	0	$41,076,014	−1.5%	1.28%
IMCR	Immunocore Holdings plc Healthcare	Reduced	1,294,463	-194,512	$39,028,059	−24.5%	1.21%
SEPN	Septerna, Inc. Healthcare	Reduced	1,353,249	-367,533	$32,518,573	−32.2%	1.01%
STRO	Sutro Biopharma, Inc. Healthcare	NEW	1,251,788	NEW	$31,182,039	NEW	0.97%
FHTX	Foghorn Therapeutics Inc. Healthcare	Added	5,842,000	+540,000	$27,924,760	−2.5%	0.87%
FDMT	4D Molecular Therapeutics, Inc. Healthcare	Reduced	2,879,289	-1,750,000	$26,806,180	−22.8%	0.83%
IVVD	Invivyd, Inc. Healthcare	Held	19,525,000	0	$25,382,500	−47.4%	0.79%
AVTX	Avalo Therapeutics, Inc. Healthcare	Added	1,632,845	+277,588	$24,378,375	−0.9%	0.76%
ELDN	Eledon Pharmaceuticals, Inc. Healthcare	Held	6,293,282	0	$19,383,308	+104.0%	0.60%
AVR	Anteris Technologies Global Corp. Healthcare	NEW	3,000,000	NEW	$16,650,000	NEW	0.52%
XFOR	X4 Pharmaceuticals, Inc Healthcare	Held	2,233,742	0	$9,225,354	+3.2%	0.29%
OKUR	OnKure Therapeutics, Inc. Healthcare	NEW	1,978,972	NEW	$8,192,944	NEW	0.25%
TCRX	TScan Therapeutics, Inc. Healthcare	Added	5,564,290	+338,216	$5,619,932	+7.5%	0.17%
IMA	ImageneBio, Inc. Healthcare	Added	1,110,002	+307,900	$5,550,010	+0.3%	0.17%
TENX	Tenax Therapeutics, Inc. Healthcare	Held	339,549	0	$5,429,388	+31.2%	0.17%
MOLN	Molecular Partners AG Healthcare	Held	1,353,968	0	$5,373,898	−8.9%	0.17%
IVA	Inventiva S.A. Healthcare	Held	686,040	0	$3,807,522	+19.4%	0.12%