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Asset Manager ← All Institutions

ORBIMED ADVISORS LLC

Q4 2025 · Filed 2026-02-17
Market Value
$4.5B
+16.6%
Holdings
106
+5
New Purchases
19
Added To
19
Closed
14
Reduced
33
Top 10 Concentration
42.4%
Turnover
31.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EWTX 8.52% 6.50% +2.03% $385M
LLY 7.17% 5.93% +1.23% $324M
GPCR 1.79% 0.82% +0.97% $81M
MBX 2.75% 1.81% +0.94% $124M
BMY 0.93% 0.00% +0.93% $42M
PFE 0.91% 0.00% +0.91% $41M
ANTM 0.77% 0.00% +0.77% $35M
CYBN 0.70% 0.00% +0.70% $31M
UPB 3.42% 2.76% +0.66% $155M
BRKRP 0.58% 0.00% +0.58% $26M
RAPT 1.23% 0.72% +0.51% $56M
ESPR 0.49% 0.00% +0.49% $22M
LXEO 0.47% 0.00% +0.47% $21M
TERN 1.93% 1.47% +0.46% $87M
CMPX 1.81% 1.37% +0.43% $82M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ELVN 2.71% 4.21% -1.49% $123M
BSX 5.11% 6.12% -1.02% $231M
ALNY 2.54% 3.55% -1.01% $115M
SIBN 0.00% 0.98% -0.98% $0
SYK 2.53% 3.43% -0.90% $114M
SCPH 0.00% 0.89% -0.89% $0
RNAM 0.99% 1.84% -0.85% $45M
ITGR 0.00% 0.77% -0.77% $0
MLYS 0.79% 1.44% -0.65% $36M
AKRO 0.00% 0.64% -0.64% $0
AXSM 1.02% 1.67% -0.64% $46M
EXAS 0.79% 1.40% -0.61% $36M
ARGX 2.72% 3.28% -0.56% $123M
IRON 1.88% 2.41% -0.54% $85M
JANX 0.60% 1.11% -0.52% $27M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $324M 7.2%
Large Cap 23 $1.6B 34.6%
Mid Cap 25 $1.3B 28.8%
Small Cap 41 $1.1B 25.3%
Micro Cap 16 $189M 4.2%

Portfolio Analytics

Avg Market Cap
$25.1B
Median Market Cap
$1.8B
Avg P/E
38.3
Median P/E
34.7
Avg Dividend Yield
0.00%
Avg Beta
0.84
# Stocks
106
# ETFs / Funds
0

Top Holdings (106 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 EWTX 8.52% 15,518,492 $385M $24.82 $133M
2 LLY 7.17% 301,200 $324M $1,074.68 $94M
3 BSX 5.11% 2,419,300 $231M $95.35 -$6M -10,000 -0.4%
4 EW 3.48% 1,842,900 $157M $85.25 $26M +158,900 +9.4%
5 UPB 3.42% 5,693,589 $155M $27.15 $47M
6 ISRG 3.30% 263,400 $149M $566.36 $21M -23,800 -8.3%
7 SION 3.24% 3,561,655 $147M $41.14 $38M -143,304 -3.9%
8 MBX 2.75% 3,935,203 $124M $31.54 $54M -67,684 -1.7%
9 ARGX 2.72% 146,000 $123M $840.95 -$4M -26,300 -15.3%
10 ELVN 2.71% 7,959,538 $123M $15.40 -$40M
11 ALNY 2.54% 288,800 $115M $397.65 -$23M -12,800 -4.2%
12 SYK 2.53% 325,000 $114M $351.47 -$19M -34,200 -9.5%
13 SPRY 2.14% 8,288,510 $97M $11.65 $13M
14 TERN 1.93% 2,153,300 $87M $40.40 $30M -5,409,671 -71.5%
15 IRON 1.88% 1,067,550 $85M $79.41 -$9M -347,470 -24.6%
16 CAI 1.86% 3,116,011 $84M $26.98 -$8M +81,153 +2.7%
17 NTRA 1.86% 365,800 $84M $229.09 $15M -63,500 -14.8%
18 CMPX 1.81% 15,219,994 $82M $5.37 $28M
19 GPCR 1.79% 1,161,803 $81M $69.55 $49M +22,503 +2.0%
20 DHR 1.52% 299,800 $69M $228.92 $16M +36,700 +13.9%
21 CGON 1.39% 1,516,550 $63M $41.52 -$7M -210,300 -12.2%
22 APLS 1.35% 2,429,868 $61M $25.12 $8M +106,500 +4.6%
23 AVBP 1.35% 3,027,328 $61M $20.12 $5M
24 CI 1.25% 205,000 $56M $275.23 $9M +42,200 +25.9%
25 RAPT 1.23% 1,642,891 $56M $33.87 $28M +556,273 +51.2%
26 CRVS 1.22% 7,165,006 $55M $7.70 $2M
27 UTHR 1.13% 105,200 $51M $487.25 $3M -9,700 -8.4%
28 ABVX 1.10% 367,900 $50M $134.86 $17M -12,100 -3.2%
29 ROIV 1.05% 2,190,907 $48M $21.70 $6M -523,891 -19.3%
30 CRNX 1.03% 999,000 $47M $46.55 $730K -100,000 -9.1%
31 AXSM 1.02% 253,121 $46M $182.64 -$18M -278,679 -52.4%
32 EYPT 1.00% 2,468,314 $45M $18.27 $20M +672,314 +37.4%
33 RNAM 0.99% 619,530 $45M $72.13 -$27M -1,019,356 -62.2%
34 NBIX 0.99% 314,240 $45M $141.83 -$5M -39,400 -11.1%
35 DYN 0.95% 2,202,184 $43M $19.56 $14M -112,000 -4.8%
36 BMY 0.93% 775,000 $42M $53.94 +775,000 NEW
37 PFE 0.91% 1,652,900 $41M $24.90 +1,652,900 NEW
38 TRVI 0.88% 3,190,700 $40M $12.52 $10M -117,700 -3.6%
39 NPCE 0.82% 2,406,335 $37M $15.44 $10M -207,849 -8.0%
40 EXAS 0.79% 351,716 $36M $101.56 -$19M -642,900 -64.6%
41 MLYS 0.79% 980,400 $36M $36.29 -$20M -489,094 -33.3%
42 ANTM 0.77% 99,100 $35M $350.55 +99,100 NEW
43 PRLD 0.70% 10,909,256 $32M $2.90 $16M
44 CYBN 0.70% 3,840,500 $31M $8.18 +3,840,500 NEW
45 ORIC 0.66% 3,641,756 $30M $8.18 -$14M
46 KRYS 0.65% 119,800 $30M $246.54 $11M +17,055 +16.6%
47 JANX 0.60% 1,954,426 $27M $13.80 -$16M +188,326 +10.7%
48 TMO 0.60% 46,500 $27M $579.45 $4M
49 BRKRP 0.58% 555,789 $26M $47.11 +555,789 NEW
50 RYTM 0.57% 239,800 $26M $107.04 $4M +24,648 +11.5%
51 STTK 0.51% 6,306,127 $23M $3.65 $8M
52 ESPR 0.49% 5,965,498 $22M $3.70 +5,965,498 NEW
53 LXEO 0.47% 2,125,000 $21M $9.93 +2,125,000 NEW
54 ADCT 0.46% 5,822,854 $21M $3.53 -$3M -84,497 -1.4%
55 URGN 0.45% 875,487 $21M $23.42 $7M +186,487 +27.1%
56 XENE 0.44% 447,200 $20M $44.82 $3M +27,600 +6.6%
57 BTSG 0.40% 488,500 $18M $37.45 $10M +224,700 +85.2%
58 VERA 0.40% 353,500 $18M $50.64 +353,500 NEW
59 QURE 0.39% 737,400 $18M $23.93 -$9M +278,900 +60.8%
60 KROS 0.36% 804,212 $16M $20.36 $257K -214,522 -21.1%
61 CARL 0.34% 1,252,600 $15M $12.35 -$1M
62 CTMX 0.33% 3,525,650 $15M $4.26 -$12M -4,935,850 -58.3%
63 VIR 0.32% 2,380,715 $14M $6.03 $762K
64 BCRX 0.30% 1,741,800 $14M $7.80 $7M +840,300 +93.2%
65 COGT 0.29% 371,000 $13M $35.52 +371,000 NEW
66 0SZI.L 0.29% 1,597,287 $13M $8.14 -$2M +425,000 +36.2%
67 TARS 0.28% 154,400 $13M $81.88 $881K -43,500 -22.0%
68 RLMD 0.28% 2,610,600 $13M $4.83 +2,610,600 NEW
69 TECX 0.27% 574,600 $12M $20.86 +574,600 NEW
70 ALMS 0.24% 1,102,730 $11M $9.76 $3M -823,693 -42.8%
71 BIOA 0.23% 790,901 $10M $13.23 $6M
72 FOLD 0.23% 729,900 $10M $14.24 -$3M -915,500 -55.6%
73 WHWK 0.22% 4,166,000 $10M $2.42 $2M
74 RPTX 0.19% 3,322,488 $9M $2.60 $3M
75 CELC 0.19% 85,664 $9M $99.74 $4M +1,644 +2.0%
76 JBIO 0.18% 531,163 $8M $15.43 $4M
77 QTTB 0.17% 2,252,987 $7M $3.32 $3M
78 PMVP 0.14% 4,975,291 $6M $1.25 -$2M -1,000,000 -16.7%
79 KALV 0.14% 382,400 $6M $16.15 +382,400 NEW
80 PHVS 0.13% 205,400 $6M $27.75 +205,400 NEW
81 INSM 0.10% 25,400 $4M $174.04 $2M +11,941 +88.7%
82 BCAX 0.08% 209,100 $4M $16.83 +209,100 NEW
83 CGEM 0.06% 270,006 $3M $10.35 -$9M -1,653,849 -86.0%
84 CCCC 0.06% 1,404,902 $3M $1.91 -$9M -3,830,244 -73.2%
85 IMA 0.06% 378,556 $3M $6.90 -$473K
86 ANRO 0.05% 125,000 $2M $17.80 $1M -125,000 -50.0%
87 RVMD 0.05% 25,900 $2M $79.65 +25,900 NEW
88 OCUL 0.04% 157,300 $2M $12.14 +157,300 NEW
89 PTGX 0.04% 21,700 $2M $87.34 +21,700 NEW
90 PTCT 0.04% 23,200 $2M $75.96 +23,200 NEW
91 MPLT 0.02% 56,000 $952K $17.00 +56,000 NEW
92 TRAW 0.02% 605,531 $684K $1.13 -$436K
93 KRRO —% -$2M -32,400 -100.0% SOLD
94 AMLX —% -$10M -750,600 -100.0% SOLD
95 SIBN —% -$38M -2,578,979 -100.0% SOLD
96 XERS —% -$655K -80,420 -100.0% SOLD
97 AKRO —% -$25M -526,200 -100.0% SOLD
98 0LOV.L —% -$8M -887,561 -100.0% SOLD
99 MIST —% -$6M -3,221,828 -100.0% SOLD
100 ATAI —% -$2M -347,000 -100.0% SOLD

Options Breakdown

8 Calls $13M Call Value 1 Puts $0 Put Value 0.0 P/C Ratio

Top Calls

SymbolSharesValueStatus
EW 150,000 $13M NEW
TGTX $0 SOLD
BTSG $0 SOLD
ABT $0 SOLD
PFE $0 SOLD
SRRK $0 SOLD
APLS $0 SOLD
BSX $0 SOLD

Top Puts

SymbolSharesValueStatus
CRNX $0 SOLD

New Positions

SymbolValue% Port
BMY $42M 0.93%
PFE $41M 0.91%
ANTM $35M 0.77%
CYBN $31M 0.70%
BRKRP $26M 0.58%
ESPR $22M 0.49%
LXEO $21M 0.47%
VERA $18M 0.40%
COGT $13M 0.29%
RLMD $13M 0.28%
TECX $12M 0.27%
KALV $6M 0.14%
PHVS $6M 0.13%
BCAX $4M 0.08%
RVMD $2M 0.05%

Sold Out Positions

SymbolValue% Port
ITGR —%
ACET —%
KRRO —%
LYEL —%
ATAI —%
AMLX —%
MIST —%
IMTX —%
PASG —%
SIBN —%
XERS —%
0LOV.L —%
AKRO —%
SCPH —%
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