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Asset Manager ← All Institutions

ORBIMED ADVISORS LLC

Q3 2025 · Filed 2025-11-14
Market Value
$3.9B
+7.9%
Holdings
101
-2
New Purchases
16
Added To
11
Closed
14
Reduced
22
Top 10 Concentration
42.5%
Turnover
29.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DHR 1.35% 0.00% +1.35% $52M
UTHR 1.24% 0.00% +1.24% $48M
CI 1.21% 0.00% +1.21% $47M
MLYS 1.44% 0.29% +1.15% $56M
UPB 2.76% 1.74% +1.02% $107M
SION 2.81% 1.79% +1.02% $109M
ORIC 1.13% 0.25% +0.87% $44M
ABVX 0.83% 0.00% +0.83% $32M
EWTX 6.50% 5.67% +0.83% $252M
QURE 0.69% 0.00% +0.69% $27M
TERN 1.47% 0.79% +0.68% $57M
EYPT 0.66% 0.00% +0.66% $26M
APLS 1.36% 0.71% +0.64% $53M
CRVS 1.36% 0.80% +0.56% $53M
MBX 1.81% 1.27% +0.54% $70M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNH 0.00% 2.92% -2.92% $0
VRTX 0.00% 2.61% -2.61% $0
BSX 6.12% 8.42% -2.30% $237M
THC 0.00% 2.28% -2.28% $0
SPRY 2.15% 4.03% -1.88% $83M
LLY 5.93% 7.33% -1.40% $230M
ISRG 3.32% 4.41% -1.09% $128M
NTRA 1.78% 2.79% -1.01% $69M
CYTK 0.00% 0.99% -0.99% $0
THRD 0.00% 0.87% -0.87% $0
ITGR 0.77% 1.48% -0.71% $30M
SYK 3.43% 3.96% -0.53% $133M
AGIO 0.00% 0.52% -0.52% $0
AVBP 1.44% 1.84% -0.39% $56M
XENE 0.43% 0.83% -0.39% $17M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 2 $230M 5.9%
Large Cap 20 $1.4B 36.7%
Mid Cap 24 $1.1B 28.3%
Small Cap 37 $965M 24.9%
Micro Cap 18 $159M 4.1%

Portfolio Analytics

Avg Market Cap
$26.3B
Median Market Cap
$1.7B
Avg P/E
37.4
Median P/E
33.0
Avg Dividend Yield
0.00%
Avg Beta
0.87
# Stocks
101
# ETFs / Funds
0

Top Holdings (101 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 EWTX 6.50% 15,518,492 $252M $16.22 $48M
2 BSX 6.12% 2,429,300 $237M $97.63 -$65M -383,900 -13.7%
3 LLY 5.93% 301,200 $230M $763.00 -$33M -36,400 -10.8%
4 ELVN 4.21% 7,959,538 $163M $20.47 $3M
5 ALNY 3.55% 301,600 $138M $456.00 $26M -40,300 -11.8%
6 SYK 3.43% 359,200 $133M $369.67 -$9M
7 EW 3.38% 1,684,000 $131M $77.77 -$3M -24,000 -1.4%
8 ISRG 3.32% 287,200 $128M $447.23 -$30M -3,800 -1.3%
9 ARGX 3.28% 172,300 $127M $737.56 $12M -35,700 -17.2%
10 SION 2.81% 3,704,959 $109M $29.41 $45M
11 UPB 2.76% 5,693,589 $107M $18.81 $45M
12 IRON 2.41% 1,415,020 $94M $66.08 $19M
13 CAI 2.37% 3,034,858 $92M $30.25 $11M
14 SPRY 2.15% 8,288,510 $83M $10.05 -$61M
15 RNAM 1.84% 1,638,886 $71M $43.57 $20M -174,000 -9.6%
16 MBX 1.81% 4,002,887 $70M $17.50 $24M
17 CGON 1.80% 1,726,850 $70M $40.28 $21M -151,000 -8.0%
18 NTRA 1.78% 429,300 $69M $160.97 -$31M -164,134 -27.7%
19 AXSM 1.67% 531,800 $65M $121.45 $20M +103,900 +24.3%
20 TERN 1.47% 7,562,971 $57M $7.51 $29M
21 AVBP 1.44% 3,027,328 $56M $18.45 -$10M
22 MLYS 1.44% 1,469,494 $56M $37.92 $45M +709,143 +93.3%
23 EXAS 1.40% 994,616 $54M $54.71 $22M +387,300 +63.8%
24 CMPX 1.37% 15,219,994 $53M $3.50 $14M
25 CRVS 1.36% 7,165,006 $53M $7.37 $24M
26 APLS 1.36% 2,323,368 $53M $22.63 $27M +841,068 +56.7%
27 DHR 1.35% 263,100 $52M $198.26 +263,100 NEW
28 NBIX 1.28% 353,640 $50M $140.38 -$5M -84,900 -19.4%
29 UTHR 1.24% 114,900 $48M $419.21 +114,900 NEW
30 CI 1.21% 162,800 $47M $288.25 +162,800 NEW
31 CRNX 1.18% 1,099,000 $46M $41.65 $13M -50,000 -4.3%
32 ORIC 1.13% 3,641,756 $44M $12.00 $35M +2,742,475 +305.0%
33 JANX 1.11% 1,766,100 $43M $24.44 $15M +555,800 +45.9%
34 ROIV 1.06% 2,714,798 $41M $15.13 $10M -64,629 -2.3%
35 SIBN 0.98% 2,578,979 $38M $14.72 -$11M
36 SCPH 0.89% 6,059,528 $34M $5.67 $11M
37 ABVX 0.83% 380,000 $32M $84.90 +380,000 NEW
38 GPCR 0.82% 1,139,300 $32M $28.00 $7M -60,000 -5.0%
39 TRVI 0.78% 3,308,400 $30M $9.15 $12M
40 ITGR 0.77% 290,000 $30M $103.33 -$23M -143,400 -33.1%
41 DYN 0.76% 2,314,184 $29M $12.65 $19M +1,282,784 +124.4%
42 RAPT 0.72% 1,086,618 $28M $25.79 $15M -555,288 -33.8%
43 CTMX 0.70% 8,461,500 $27M $3.19 $8M
44 NPCE 0.70% 2,614,184 $27M $10.31 -$2M
45 QURE 0.69% 458,500 $27M $58.37 +458,500 NEW
46 EYPT 0.66% 1,796,000 $26M $14.24 +1,796,000 NEW
47 AKRO 0.64% 526,200 $25M $47.48 $14M +314,900 +149.0%
48 ADCT 0.61% 5,907,351 $24M $4.00 $8M
49 TMO 0.58% 46,500 $23M $485.02 $4M
50 RYTM 0.56% 215,152 $22M $100.99 $6M -33,360 -13.4%
51 KRYS 0.47% 102,745 $18M $176.53 $17M +93,545 +1016.8%
52 XENE 0.43% 419,600 $17M $40.15 -$13M -528,277 -55.7%
53 CARL 0.43% 1,252,600 $17M $13.39 +1,252,600 NEW
54 KROS 0.42% 1,018,734 $16M $15.82 $3M
55 PRLD 0.41% 10,909,256 $16M $1.44 $7M
56 STTK 0.39% 6,306,127 $15M $2.39 +6,306,127 NEW
57 0SZI.L 0.38% 1,172,287 $15M $12.65 $7M
58 URGN 0.35% 689,000 $14M $19.95 $7M +210,600 +44.0%
59 VIR 0.35% 2,380,715 $14M $5.71 $2M
60 FOLD 0.33% 1,645,400 $13M $7.88 -$130K -640,000 -28.0%
61 TARS 0.30% 197,900 $12M $59.43 $4M
62 CCCC 0.30% 5,235,146 $12M $2.22 $2M -1,595,154 -23.4%
63 CGEM 0.29% 1,923,855 $11M $5.93 -$3M
64 AMLX 0.26% 750,600 $10M $13.59 $8M +437,400 +139.7%
65 ACET 0.24% 11,447,140 $9M $0.81 $2M
66 PMVP 0.22% 5,975,291 $8M $1.40 $2M -500,000 -7.7%
67 WHWK 0.20% 4,166,000 $8M $1.90 $125K
68 0LOV.L 0.20% 887,561 $8M $8.83 +887,561 NEW
69 BTSG 0.20% 263,800 $8M $29.56 +263,800 NEW
70 ALMS 0.20% 1,926,423 $8M $3.99 $2M
71 BCRX 0.18% 901,500 $7M $7.59 +901,500 NEW
72 MIST 0.17% 3,221,828 $6M $2.00 +3,221,828 NEW
73 RPTX 0.15% 3,322,488 $6M $1.76 $1M
74 BIOA 0.12% 790,901 $5M $5.88 $843K -131,058 -14.2%
75 JBIO 0.12% 531,163 $5M $8.63 -$722K
76 QTTB 0.12% 2,252,987 $4M $1.98 $1M
77 CELC 0.11% 84,020 $4M $49.40 +84,020 NEW
78 IMTX 0.10% 466,601 $4M $8.52 $102K -253,300 -35.2%
79 IMA 0.08% 378,556 $3M $8.15 +378,556 NEW
80 INSM 0.05% 13,459 $2M $144.01 $584K
81 ATAI 0.05% 347,000 $2M $5.29 +347,000 NEW
82 KRRO 0.04% 32,400 $2M $47.89 $1M
83 TRAW 0.03% 605,531 $1M $1.85 $224K
84 ANRO 0.03% 250,000 $1M $4.02 $455K
85 LYEL 0.02% 51,727 $840K $16.24 $383K
86 XERS 0.02% 80,420 $655K $8.14 $279K
87 PASG 0.01% 59,046 $474K $8.03 +59,046 NEW
88 UNH —% -$105M -336,300 -100.0% SOLD
89 ABCL —% -$11M -3,344,568 -100.0% SOLD
90 VRTX —% -$94M -210,287 -100.0% SOLD
91 ITOS —% -$7M -700,000 -100.0% SOLD
92 THRD —% -$31M -5,779,071 -100.0% SOLD
93 CYTK —% -$36M -1,077,000 -100.0% SOLD
94 TSBX —% -$1M -3,099,265 -100.0% SOLD
95 CPRX —% -$9M -416,900 -100.0% SOLD
96 TYRA —% -$8M -804,603 -100.0% SOLD
97 LSBCF —% -$56K -54,799 -100.0% SOLD
98 ZLAB —% -$8M -231,000 -100.0% SOLD
99 AGIO —% -$19M -557,900 -100.0% SOLD
100 IKNA —% -$5M -3,539,358 -100.0% SOLD

Options Breakdown

9 Calls $70M Call Value 2 Puts $4M Put Value 0.06 P/C Ratio

Top Calls

SymbolSharesValueStatus
ABT 150,000 $20M NEW
BSX 200,000 $20M NEW
PFE 500,000 $13M NEW
APLS 250,000 $6M
BTSG 150,000 $4M NEW
SRRK 100,000 $4M NEW
TGTX 100,000 $4M NEW
CGON $0 SOLD
UNH $0 SOLD

Top Puts

SymbolSharesValueStatus
CRNX 100,000 $4M NEW
INMB $0 SOLD

New Positions

SymbolValue% Port
DHR $52M 1.35%
UTHR $48M 1.24%
CI $47M 1.21%
ABVX $32M 0.83%
QURE $27M 0.69%
EYPT $26M 0.66%
CARL $17M 0.43%
STTK $15M 0.39%
0LOV.L $8M 0.20%
BTSG $8M 0.20%
BCRX $7M 0.18%
MIST $6M 0.17%
CELC $4M 0.11%
IMA $3M 0.08%
ATAI $2M 0.05%

Sold Out Positions

SymbolValue% Port
THC —%
UNH —%
CPRX —%
CYTK —%
ABCL —%
TYRA —%
AGIO —%
ZLAB —%
VRTX —%
LSBCF —%
ITOS —%
IKNA —%
THRD —%
TSBX —%
View SEC EDGAR Filings for ORBIMED ADVISORS LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms