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PFM Health Sciences, LP

Q3 2025 · Filed 2025-11-14
Market Value
$1.1B
+5.4%
Holdings
71
-1
New Purchases
21
Added To
16
Closed
12
Reduced
18
Top 10 Concentration
54.9%
Turnover
46.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UTHR 3.71% 1.02% +2.69% $40M
UHS 2.20% 0.00% +2.20% $24M
CNC 1.90% 0.00% +1.90% $20M
MRK 1.84% 0.00% +1.84% $20M
ANTM 1.82% 0.00% +1.82% $20M
ADMA 1.60% 0.00% +1.60% $17M
RVMD 1.43% 0.00% +1.43% $15M
VERA 1.38% 0.00% +1.38% $15M
VEEV 1.14% 0.00% +1.14% $12M
CNTA 1.49% 0.44% +1.05% $16M
AXSM 5.96% 4.92% +1.04% $64M
REGN 1.03% 0.00% +1.03% $11M
NEO 1.58% 0.55% +1.03% $17M
ICLR 2.16% 1.25% +0.91% $23M
ABC 2.33% 1.56% +0.77% $25M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LLY 15.89% 20.36% -4.47% $172M
DHR 0.00% 3.11% -3.11% $0
HUM 0.09% 2.61% -2.52% $949K
MOH 0.00% 2.49% -2.49% $0
ALNY 0.00% 2.30% -2.30% $0
MASI 0.00% 1.55% -1.55% $0
ISRG 3.20% 4.71% -1.51% $35M
TEVA 0.67% 2.02% -1.36% $7M
HOLX 0.00% 1.35% -1.35% $0
UNH 0.00% 1.05% -1.05% $0
BMRN 0.00% 0.96% -0.96% $0
OM 2.26% 3.12% -0.86% $24M
CVS 2.42% 3.22% -0.80% $26M
ABBV 0.00% 0.74% -0.74% $0
ARQT 0.63% 1.26% -0.63% $7M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 5 $206M 19.0%
Large Cap 31 $614M 56.8%
Mid Cap 22 $168M 15.5%
Small Cap 7 $48M 4.4%
Micro Cap 6 $45M 4.2%

Portfolio Analytics

Avg Market Cap
$64.3B
Median Market Cap
$10.5B
Avg P/E
36.6
Median P/E
31.4
Avg Dividend Yield
0.00%
Avg Beta
0.92
# Stocks
70
# ETFs / Funds
1

Top Holdings (71 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 LLY 15.89% 225,139 $172M $763.00 -$37M -42,884 -16.0%
2 THC 8.67% 461,654 $94M $203.04 $6M -37,589 -7.5%
3 AXSM 5.96% 530,332 $64M $121.45 $14M +47,227 +9.8%
4 MCK 5.17% 72,313 $56M $772.54 $3M
5 PEN 4.57% 195,085 $49M $253.32 $7M +28,824 +17.3%
6 UTHR 3.71% 95,650 $40M $419.21 $30M +59,259 +162.8%
7 ISRG 3.20% 77,403 $35M $447.23 -$14M -11,564 -13.0%
8 EW 2.74% 381,324 $30M $77.77 -$1M -11,179 -2.9%
9 HCA 2.59% 65,773 $28M $426.20 $338K -6,517 -9.0%
10 CVS 2.42% 346,679 $26M $75.39 -$7M -132,326 -27.6%
11 ABC 2.33% 80,493 $25M $312.53 $9M +27,206 +51.1%
12 OM 2.26% 1,729,921 $24M $14.12 -$8M +65,194 +3.9%
13 UHS 2.20% 116,260 $24M $204.44 +116,260 NEW
14 ICLR 2.16% 133,683 $23M $175.00 $11M +45,502 +51.6%
15 CNC 1.90% 574,360 $20M $35.68 +574,360 NEW
16 MRK 1.84% 236,468 $20M $83.93 +236,468 NEW
17 ANTM 1.82% 60,776 $20M $323.12 +60,776 NEW
18 NTRA 1.72% 115,596 $19M $160.97 $2M +14,346 +14.2%
19 ADMA 1.60% 1,181,011 $17M $14.66 +1,181,011 NEW
20 NEO 1.58% 2,208,530 $17M $7.72 $11M +1,438,492 +186.8%
21 BBIO 1.57% 327,174 $17M $51.94 -$6M -194,619 -37.3%
22 CNTA 1.49% 666,196 $16M $24.25 $12M +321,224 +93.1%
23 OSCR 1.44% 820,642 $16M $18.93 -$224K +85,609 +11.7%
24 RVMD 1.43% 331,069 $15M $46.70 +331,069 NEW
25 VERA 1.38% 513,685 $15M $29.06 +513,685 NEW
26 SPY 1.31% 21,210 $14M $666.18 $4M +4,081 +23.8%
27 VEEV 1.14% 41,503 $12M $297.91 +41,503 NEW
28 MRUS 1.14% 130,742 $12M $94.15 $3M -53,140 -28.9%
29 AKRO 1.09% 248,079 $12M $47.48 -$2M -18,088 -6.8%
30 REGN 1.03% 19,890 $11M $562.27 +19,890 NEW
31 IRTC 1.03% 64,998 $11M $171.99 -$2M -23,159 -26.3%
32 CMPS 0.88% 1,662,836 $10M $5.73 $5M -116,423 -6.5%
33 WAT 0.85% 30,751 $9M $299.81 -$6M -12,338 -28.6%
34 VRNA 0.79% 80,416 $9M $106.71 $975K
35 NBIX 0.74% 57,246 $8M $140.38 $6M +44,425 +346.5%
36 TEVA 0.67% 356,818 $7M $20.20 -$14M -882,028 -71.2%
37 ARQT 0.63% 360,460 $7M $18.85 -$6M -562,915 -61.0%
38 CGON 0.59% 157,874 $6M $40.28 +157,874 NEW
39 AMLX 0.55% 436,156 $6M $13.59 $1M -296,100 -40.4%
40 0I3I.L 0.47% 74,363 $5M $68.56 +74,363 NEW
41 RYTM 0.45% 48,162 $5M $100.99 +48,162 NEW
42 VKTX 0.45% 183,538 $5M $26.28 $4M +145,809 +386.5%
43 WST 0.45% 18,365 $5M $262.33 +18,365 NEW
44 ARGX 0.44% 6,403 $5M $737.56 $733K -834 -11.5%
45 RZLT 0.39% 452,733 $4M $9.40 $2M +18,599 +4.3%
46 SNDX 0.36% 256,488 $4M $15.39 +256,488 NEW
47 MBX 0.36% 221,505 $4M $17.50 +221,505 NEW
48 AMRX 0.33% 355,818 $4M $10.01 +355,818 NEW
49 GPCR 0.30% 115,073 $3M $28.00 $2M +58,479 +103.3%
50 ELVN 0.30% 156,463 $3M $20.47 +156,463 NEW
51 CRBU 0.29% 1,358,831 $3M $2.33 $1M
52 BSX 0.26% 28,648 $3M $97.63 +28,648 NEW
53 QURE 0.25% 46,353 $3M $58.37 $275K -127,978 -73.4%
54 DNTH 0.25% 67,840 $3M $39.35 +67,840 NEW
55 IRON 0.20% 32,539 $2M $66.08 $519K +1,740 +5.7%
56 HIMS 0.12% 22,915 $1M $56.72 +22,915 NEW
57 TMO 0.10% 2,314 $1M $485.02 +2,314 NEW
58 HUM 0.09% 3,648 $949K $260.17 -$26M -105,863 -96.7%
59 HOWL 0.07% 401,110 $790K $1.97 $353K
60 SGMT —% -$686K -90,000 -100.0% SOLD
61 HOLX —% -$14M -211,986 -100.0% SOLD
62 BMRN —% -$10M -178,319 -100.0% SOLD
63 IOBT —% -$3M -1,972,073 -100.0% SOLD
64 ERAS —% -$1M -1,072,224 -100.0% SOLD
65 BPMC —% -$6M -48,444 -100.0% SOLD
66 ABBV —% -$8M -40,782 -100.0% SOLD
67 MASI —% -$16M -94,451 -100.0% SOLD
68 UNH —% -$11M -34,623 -100.0% SOLD
69 MOH —% -$26M -85,739 -100.0% SOLD
70 DHR —% -$32M -161,413 -100.0% SOLD
71 ALNY —% -$24M -72,220 -100.0% SOLD

Options Breakdown

3 Calls $112M Call Value 3 Puts $15M Put Value 0.14 P/C Ratio

Top Calls

SymbolSharesValueStatus
XBI 717,400 $72M NEW
HUM 110,000 $29M NEW
BSX 122,000 $12M NEW

Top Puts

SymbolSharesValueStatus
IWM 56,700 $14M NEW
LQDA 76,300 $2M NEW
UNH $0 SOLD

New Positions

SymbolValue% Port
UHS $24M 2.20%
CNC $20M 1.90%
MRK $20M 1.84%
ANTM $20M 1.82%
ADMA $17M 1.60%
RVMD $15M 1.43%
VERA $15M 1.38%
VEEV $12M 1.14%
REGN $11M 1.03%
CGON $6M 0.59%
0I3I.L $5M 0.47%
RYTM $5M 0.45%
WST $5M 0.45%
SNDX $4M 0.36%
MBX $4M 0.36%

Sold Out Positions

SymbolValue% Port
ABBV —%
DHR —%
MOH —%
UNH —%
BMRN —%
ERAS —%
MASI —%
ALNY —%
SGMT —%
HOLX —%
BPMC —%
IOBT —%
View SEC EDGAR Filings for PFM Health Sciences, LP →

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