Bellevue Group AG
Filing Date
Global Rank
#569
/ 8,420
▲ 151
Top Industry
Biotechnology
58.3%
3Y Alpha vs SPY
-11.4%
Period ended 6 months ago
Filed Feb 17, 2026 · 4mo
24 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+31.1%
SPY
+76.3%
Annualised alpha
-11.4%
Max drawdown
−25.1%
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
172 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025Top Position
7.9%
−1.0 pts
Top 5
33.9%
+0.7 pts
Top 10
50.7%
−1.6 pts
HHI
358
Diversified−16
Portfolio Trend
24 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Healthcare | 99.7% | $5,056,538,925 |
| Technology | 0.1% | $5,193,510 |
| Unclassified | 0.1% | $3,745,208 |
| Consumer Cyclical | 0.1% | $2,631,628 |
| Financial Services | 0.0% | $1,600,615 |
| Communication Services | 0.0% | $1,174,730 |
| Consumer Defensive | 0.0% | $558,909 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SRRK | Scholar Rock Holding Corp | +812,055 | 4,056,592 | $178,692,877 | |
| KRYS | Krystal Biotech, Inc. | +409,011 | 410,323 | $101,161,031 | |
| GKOS | GLAUKOS Corp | +206,009 | 261,935 | $29,575,080 | |
| VRTX | Vertex Pharmaceuticals Inc / Ma | +175,315 | 681,120 | $308,792,563 | |
| AVTR | Avantor, Inc. | +172,904 | 276,266 | $3,166,008 | |
| EW | Edwards Lifesciences Corp | +146,463 | 1,043,096 | $88,923,933 | |
| ADPT | Adaptive Biotechnologies Corp | +129,614 | 298,090 | $4,840,980 | |
| WAY | Waystar Holding Corp. | +111,821 | 241,734 | $7,916,788 | |
| BKD | Brookdale Senior Living Inc. | +62,779 | 167,444 | $1,806,720 | |
| DXCM | Dexcom Inc | +61,287 | 847,405 | $56,242,269 | |
| CLDX | Celldex Therapeutics, Inc. | +60,000 | 3,617,669 | $98,255,890 | |
| CVS | CVS HEALTH Corp | +57,859 | 109,058 | $8,654,842 | |
| MRK | Merck & Co., Inc. | +57,378 | 92,117 | $9,696,235 | |
| PRCT | PROCEPT BioRobotics Corp | +52,026 | 515,430 | $16,215,427 | |
| JNJ | Johnson & Johnson | +51,993 | 126,800 | $26,241,260 | |
| PFE | Pfizer Inc | +45,020 | 56,847 | $1,415,490 | |
| INSP | Inspire Medical Systems, Inc. | +42,113 | 100,761 | $9,293,187 | |
| CERT | Certara, Inc. | +39,995 | 99,442 | $876,084 | |
| DHR | Danaher Corp /De/ | +30,757 | 194,633 | $44,555,386 | |
| NAMS | NewAmsterdam Pharma Co N.V. | +21,725 | 36,336 | $1,274,666 | |
| BMY | Bristol Myers Squibb Co | +19,469 | 67,082 | $3,618,403 | |
| IDXX | Idexx Laboratories Inc /De | +17,952 | 94,539 | $63,958,469 | |
| BNTX | BioNTech SE | +9,800 | 43,755 | $4,165,475 | |
| CORT | Corcept Therapeutics Inc | +9,268 | 10,495 | $365,226 | |
| TXG | 10x Genomics, Inc. | +8,224 | 322,060 | $5,252,798 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BEAM | Beam Therapeutics Inc. | −2,777,778 | 111,510 | $3,091,056 | |
| WVE | Wave Life Sciences Ltd. | −2,603,940 | 1,490,518 | $25,338,806 | |
| IONS | Ionis Pharmaceuticals Inc | −1,442,252 | 4,802,199 | $379,901,962 | |
| INCY | Incyte Corp | −1,435,913 | 4,773 | $471,429 | |
| EWTX | Edgewise Therapeutics, Inc. | −1,247,479 | 1,528,518 | $37,930,174 | |
| RVMD | Revolution Medicines, Inc. | −568,119 | 5,005,719 | $398,705,518 | |
| EXAS | EXACT SCIENCES CORP | −236,639 | 16,062 | $1,631,256 | |
| PRVA | Privia Health Group, Inc. | −218,014 | 448,163 | $10,625,944 | |
| SIBN | SI-BONE, Inc. | −208,526 | 90,331 | $1,781,327 | |
| GPCR | Structure Therapeutics Inc. | −170,690 | 145,167 | $10,096,364 | |
| ABT | Abbott Laboratories | −161,648 | 1,316,915 | $164,996,280 | |
| CDNA | CareDx, Inc. | −141,886 | 431,070 | $8,121,358 | |
| PHR | Phreesia, Inc. | −129,844 | 183,213 | $3,099,963 | |
| EHC | Encompass Health Corp | −103,869 | 19,089 | $2,026,106 | |
| BSX | Boston Scientific Corp | −100,243 | 1,559,606 | $148,708,432 | |
| BTSG | BrightSpring Health Services, Inc. | −98,429 | 92,095 | $3,448,957 | |
| TEVA | Teva Pharmaceutical Industries Ltd | −96,193 | 327,863 | $10,232,604 | |
| NEO | Neogenomics Inc | −91,912 | 278,286 | $3,272,643 | |
| SYK | Stryker Corp | −90,519 | 360,577 | $126,731,997 | |
| ARGX | Argenx SE | −84,474 | 461,854 | $388,396,121 | |
| OMDA | Omada Health, Inc. | −73,894 | 177,897 | $2,807,214 | |
| GMED | Globus Medical Inc | −64,184 | 262,683 | $22,934,852 | |
| NBIX | Neurocrine Biosciences Inc | −59,801 | 1,703,304 | $241,579,605 | |
| MOH | Molina Healthcare, Inc. | −44,359 | 46,626 | $8,091,476 | |
| TMO | Thermo Fisher Scientific Inc. | −41,108 | 65,077 | $37,708,867 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| FOLD | AMICUS THERAPEUTICS, INC. | 10,735,195 | $152,869,176 | |
| VRDN | Viridian Therapeutics, Inc.DE | 4,358,527 | $135,637,360 | |
| NUVL | Nuvalent, Inc. | 1,037,468 | $104,358,906 | |
| VERA | Vera Therapeutics, Inc. | 1,698,152 | $85,994,417 | |
| JBIO | Jade Biosciences, Inc. | 3,341,103 | $51,553,219 | |
| MAZE | Maze Therapeutics, Inc. | 887,708 | $36,777,742 | |
| TNGX | Tango Therapeutics, Inc. | 3,927,670 | $34,799,156 | |
| MDLN | Medline Inc. | 117,720 | $4,944,240 | |
| ROIV | Roivant Sciences Ltd. | 108,039 | $2,344,446 | |
| CMPS | COMPASS Pathways plc | 142,243 | $981,476 | |
| BLLN | BillionToOne, Inc. | 10,589 | $866,603 | |
| ARWR | Arrowhead Pharmaceuticals, Inc. | 11,550 | $766,804 | |
| BABA | Alibaba Group Holding Ltd | 4,700 | $688,926 | |
| ANET | Arista Networks, Inc. | 4,800 | $628,944 | |
| MA | Mastercard Inc | 1,100 | $627,968 | |
| CSCO | Cisco Systems, Inc. | 8,000 | $616,240 | |
| PG | PROCTER & GAMBLE Co | 3,900 | $558,909 | |
| V | Visa Inc. | 1,400 | $490,994 | |
| BLK | BlackRock, Inc. | 450 | $481,653 | |
| LULU | lululemon athletica inc. | 2,240 | $465,494 | |
| PLTR | Palantir Technologies Inc. | 2,500 | $444,375 | |
| ADBE | Adobe Inc. | 1,200 | $419,988 | |
| ACN | Accenture plc | 1,500 | $402,450 | |
| JD | JD.com, Inc. | 11,000 | $315,700 | |
| CRNX | Crinetics Pharmaceuticals, Inc. | 4,040 | $188,062 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
7 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| AGIO | Agios Pharmaceuticals, Inc. | 3,714,736 | $149,109,503 | |
| BHVN | Biohaven Ltd. | 2,802,853 | $42,070,823 | |
| HOLX | HOLOGIC INC | 247,886 | $16,729,826 | |
| MGNX | Macrogenics Inc | 9,919,992 | $16,665,586 | |
| BAX | Baxter International Inc | 68,084 | $1,550,272 | |
| BIDU | Baidu, Inc. | 2,000 | $263,540 | |
| MLTX | MoonLake Immunotherapeutics | 35,052 | $251,322 | |
| No positions match the current search. | ||||
172 positions ·
$5,071,443,525 total
· as of Dec 31, 2025
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Financial Services
Healthcare
Technology
Showing 1–50
of 172 positions by value
· page 1 of 4
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| RVMD |
Revolution Medicines, Inc.
Healthcare
|
Reduced | 5,005,719 | $398,705,518 | 7.86% | |
| ARGX |
Argenx SE
Healthcare
|
Reduced | 461,854 | $388,396,121 | 7.66% | |
| IONS |
Ionis Pharmaceuticals Inc
Healthcare
|
Reduced | 4,802,199 | $379,901,962 | 7.49% | |
| VRTX |
Vertex Pharmaceuticals Inc / Ma
Healthcare
|
Added | 681,120 | $308,792,563 | 6.09% | |
| NBIX |
Neurocrine Biosciences Inc
Healthcare
|
Reduced | 1,703,304 | $241,579,605 | 4.76% | |
| ISRG |
Intuitive Surgical Inc
Healthcare
|
Reduced | 322,028 | $182,383,777 | 3.60% | |
| SRRK |
Scholar Rock Holding Corp
Healthcare
|
Added | 4,056,592 | $178,692,877 | 3.52% | |
| ALNY |
Alnylam Pharmaceuticals, Inc.
Healthcare
|
Reduced | 445,903 | $177,313,327 | 3.50% | |
| ABT |
Abbott Laboratories
Healthcare
|
Reduced | 1,316,915 | $164,996,280 | 3.25% | |
| FOLD |
AMICUS THERAPEUTICS, INC.
Healthcare
|
NEW | 10,735,195 | $152,869,176 | 3.01% | |
| BSX |
Boston Scientific Corp
Healthcare
|
Reduced | 1,559,606 | $148,708,432 | 2.93% | |
| VRDN |
Viridian Therapeutics, Inc.DE
Healthcare
|
NEW | 4,358,527 | $135,637,360 | 2.67% | |
| SYK |
Stryker Corp
Healthcare
|
Reduced | 360,577 | $126,731,997 | 2.50% | |
| NUVL |
Nuvalent, Inc.
Healthcare
|
NEW | 1,037,468 | $104,358,906 | 2.06% | |
| KRYS |
Krystal Biotech, Inc.
Healthcare
|
Added | 410,323 | $101,161,031 | 1.99% | |
| CLDX |
Celldex Therapeutics, Inc.
Healthcare
|
Added | 3,617,669 | $98,255,890 | 1.94% | |
| IMCR |
Immunocore Holdings plc
Healthcare
|
Held | 2,796,803 | $97,077,032 | 1.91% | |
| EW |
Edwards Lifesciences Corp
Healthcare
|
Added | 1,043,096 | $88,923,933 | 1.75% | |
| VERA |
Vera Therapeutics, Inc.
Healthcare
|
NEW | 1,698,152 | $85,994,417 | 1.70% | |
| MDT |
Medtronic plc
Healthcare
|
Added | 766,592 | $73,638,827 | 1.45% | |
| RLAY |
Relay Therapeutics, Inc.
Healthcare
|
Reduced | 8,345,364 | $70,601,779 | 1.39% | |
| IDXX |
Idexx Laboratories Inc /De
Healthcare
|
Added | 94,539 | $63,958,469 | 1.26% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Added | 175,169 | $57,825,037 | 1.14% | |
| DXCM |
Dexcom Inc
Healthcare
|
Added | 847,405 | $56,242,269 | 1.11% | |
| PODD |
Insulet Corp
Healthcare
|
Reduced | 186,699 | $53,067,323 | 1.05% | |
| JBIO |
Jade Biosciences, Inc.
Healthcare
|
NEW | 3,341,103 | $51,553,219 | 1.02% | |
| DHR |
Danaher Corp /De/
Healthcare
|
Added | 194,633 | $44,555,386 | 0.88% | |
| PEN |
Penumbra Inc
Healthcare
|
Reduced | 135,395 | $42,095,659 | 0.83% | |
| BDX |
Becton Dickinson & Co
Healthcare
|
Reduced | 265,662 | $40,532,263 | 0.80% | |
| RMD |
Resmed Inc
Healthcare
|
Reduced | 161,214 | $38,831,616 | 0.77% | |
| EWTX |
Edgewise Therapeutics, Inc.
Healthcare
|
Reduced | 1,528,518 | $37,930,174 | 0.75% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
Reduced | 65,077 | $37,708,867 | 0.74% | |
| MAZE |
Maze Therapeutics, Inc.
Healthcare
|
NEW | 887,708 | $36,777,742 | 0.73% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Reduced | 34,003 | $36,542,347 | 0.72% | |
| GEHC |
GE HealthCare Technologies Inc.
Healthcare
|
Reduced | 424,514 | $34,818,638 | 0.69% | |
| TNGX |
Tango Therapeutics, Inc.
Healthcare
|
NEW | 3,927,670 | $34,799,156 | 0.69% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 134,859 | $30,813,932 | 0.61% | |
| CI |
Cigna Group
Healthcare
|
Reduced | 110,013 | $30,278,877 | 0.60% | |
| GKOS |
GLAUKOS Corp
Healthcare
|
Added | 261,935 | $29,575,080 | 0.58% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 126,800 | $26,241,260 | 0.52% | |
| ANNX |
Annexon, Inc.
Healthcare
|
Held | 5,157,290 | $25,889,595 | 0.51% | |
| STE |
STERIS plc
Healthcare
|
Reduced | 101,705 | $25,784,251 | 0.51% | |
| WVE |
Wave Life Sciences Ltd.
Healthcare
|
Reduced | 1,490,518 | $25,338,806 | 0.50% | |
| ELV |
Elevance Health, Inc.
Healthcare
|
Reduced | 69,645 | $24,414,054 | 0.48% | |
| COO |
Cooper Companies, Inc.
Healthcare
|
Reduced | 291,959 | $23,928,959 | 0.47% | |
| GMED |
Globus Medical Inc
Healthcare
|
Reduced | 262,683 | $22,934,852 | 0.45% | |
| ALGN |
Align Technology Inc
Healthcare
|
Reduced | 141,474 | $22,091,165 | 0.44% | |
| ZBH |
Zimmer Biomet Holdings, Inc.
Healthcare
|
Reduced | 238,680 | $21,462,105 | 0.42% | |
| MCK |
Mckesson Corp
Healthcare
|
Reduced | 25,098 | $20,587,637 | 0.41% | |
| HCA |
HCA Healthcare, Inc.
Healthcare
|
Reduced | 43,906 | $20,497,955 | 0.40% |