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SECTOR GAMMA AS

KRISTIAN AUGUSTS GATE 15C P.O. BOX 462 SENTRUM, OSLO, Q8 0105 • 4723012900

Q4 2025 · Filed 2026-02-12
Market Value
$435M
+9.2%
Holdings
43
+1
New Purchases
3
Added To
22
Closed
8
Reduced
9
Top 10 Concentration
56.2%
Turnover
25.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BMY 9.24% 6.58% +2.67% $40M
MRK 8.79% 6.79% +2.00% $38M
ANTM 2.62% 0.78% +1.84% $11M
REGN 1.27% 0.00% +1.27% $6M
CRNX 1.23% 0.00% +1.23% $5M
GILD 4.97% 4.10% +0.87% $22M
BIIB 3.46% 2.65% +0.80% $15M
BDX 5.90% 5.11% +0.79% $26M
BRKRP 2.76% 2.05% +0.71% $12M
TMO 2.89% 2.24% +0.64% $13M
LNTH 1.43% 0.83% +0.61% $6M
INCY 4.96% 4.37% +0.60% $22M
CAH 2.92% 2.35% +0.58% $13M
CNC 2.44% 1.91% +0.53% $11M
TNDM 1.35% 0.82% +0.53% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PFE 4.92% 8.01% -3.09% $21M
BAX 0.00% 2.18% -2.18% $0
VTRS 0.00% 1.66% -1.66% $0
HUM 0.00% 1.56% -1.56% $0
ELAN 0.00% 1.55% -1.55% $0
MDT 5.95% 7.25% -1.30% $26M
ICLR 0.00% 1.10% -1.10% $0
IONS 3.36% 4.45% -1.09% $15M
SOLV 0.00% 1.09% -1.09% $0
OGN 0.49% 1.46% -0.96% $2M
PTCT 1.08% 1.82% -0.74% $5M
BNTX 0.00% 0.69% -0.69% $0
ACLX 0.00% 0.66% -0.66% $0
LH 1.56% 1.87% -0.31% $7M
CERT 0.47% 0.71% -0.24% $2M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Healthcare 100.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $38M 8.8%
Large Cap 28 $343M 78.9%
Mid Cap 10 $36M 8.2%
Small Cap 4 $18M 4.1%

Portfolio Analytics

Avg Market Cap
$49.9B
Median Market Cap
$21.3B
Avg P/E
24.6
Median P/E
21.9
Avg Dividend Yield
0.01%
Avg Beta
0.72
# Stocks
43
# ETFs / Funds
0

Top Holdings (43 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BMY 9.24% 745,955 $40M $53.94 $14M +164,688 +28.3%
2 MRK 8.79% 363,651 $38M $105.26 $11M +41,151 +12.8%
3 MDT 5.95% 269,644 $26M $96.06 -$3M -33,797 -11.1%
4 BDX 5.90% 132,376 $26M $194.07 $5M +23,547 +21.6%
5 GILD 4.97% 176,414 $22M $122.74 $5M +29,175 +19.8%
6 INCY 4.96% 218,783 $22M $98.77 $4M +13,669 +6.7%
7 PFE 4.92% 859,539 $21M $24.90 -$11M -392,547 -31.4%
8 AMGN 4.58% 60,956 $20M $327.31 $3M -500 -0.8%
9 BIIB 3.46% 85,475 $15M $175.99 $4M +10,000 +13.2%
10 IONS 3.36% 184,977 $15M $79.11 -$3M -85,986 -31.7%
11 CVS 3.24% 177,599 $14M $79.36 $2M +21,397 +13.7%
12 CAH 2.92% 61,946 $13M $205.50 $3M +2,410 +4.0%
13 TMO 2.89% 21,688 $13M $579.45 $4M +3,244 +17.6%
14 BRKRP 2.76% 254,697 $12M $47.11 $4M +3,788 +1.5%
15 ZBH 2.74% 132,478 $12M $89.92 $735K +19,000 +16.7%
16 BMRN 2.71% 198,505 $12M $59.43 $2M +22,653 +12.9%
17 ANTM 2.62% 32,546 $11M $350.55 $8M +22,943 +238.9%
18 CNC 2.44% 258,109 $11M $41.15 $3M +44,899 +21.1%
19 GEHC 2.16% 114,390 $9M $82.02 $1M +3,000 +2.7%
20 EW 1.89% 96,402 $8M $85.25 $3M +23,422 +32.1%
21 AVTR 1.83% 695,403 $8M $11.46 $2M +218,299 +45.8%
22 BIO 1.65% 23,750 $7M $302.99 $796K +923 +4.0%
23 LH 1.56% 27,019 $7M $250.88 -$676K +1,049 +4.0%
24 LNTH 1.43% 93,823 $6M $66.55 $3M +29,420 +45.7%
25 TNDM 1.35% 267,091 $6M $21.98 $3M -2,451 -0.9%
26 REGN 1.27% 7,165 $6M $771.87 +7,165 NEW
27 CRNX 1.23% 115,000 $5M $46.55 +115,000 NEW
28 SNDX 1.22% 252,062 $5M $21.01 $2M +41,248 +19.6%
29 DXCM 1.16% 76,122 $5M $66.37 -$117K -699 -0.9%
30 HCA 1.16% 10,784 $5M $466.86 $396K -99 -0.9%
31 KURA 1.09% 455,841 $5M $10.39 $856K +17,426 +4.0%
32 PTCT 1.08% 61,923 $5M $75.96 -$3M -56,189 -47.6%
33 CGON 0.50% 52,039 $2M $41.52 +52,039 NEW
34 OGN 0.49% 300,000 $2M $7.17 -$4M -243,711 -44.8%
35 CERT 0.47% 230,565 $2M $8.81 -$786K
36 BAX —% -$9M -381,551 -100.0% SOLD
37 HUM —% -$6M -23,942 -100.0% SOLD
38 SOLV —% -$4M -59,259 -100.0% SOLD
39 ICLR —% -$4M -24,967 -100.0% SOLD
40 VTRS —% -$7M -668,851 -100.0% SOLD
41 ELAN —% -$6M -307,271 -100.0% SOLD
42 ACLX —% -$3M -32,009 -100.0% SOLD
43 BNTX —% -$3M -27,732 -100.0% SOLD

New Positions

SymbolValue% Port
REGN $6M 1.27%
CRNX $5M 1.23%
CGON $2M 0.50%

Sold Out Positions

SymbolValue% Port
BAX —%
SOLV —%
ELAN —%
HUM —%
BNTX —%
ICLR —%
VTRS —%
ACLX —%
View SEC EDGAR Filings for SECTOR GAMMA AS →

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