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Rhenman & Partners Asset Management AB

Q2 2025 · Filed 2025-08-13
Market Value
$791M
-9.1%
Holdings
105
+1
New Purchases
11
Added To
29
Closed
15
Reduced
37
Top 10 Concentration
32.9%
Turnover
24.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DHR 3.03% 0.99% +2.04% $24M
LLY 5.70% 3.96% +1.74% $45M
EHC 2.11% 0.44% +1.68% $17M
NBIX 2.37% 1.14% +1.23% $19M
CAH 1.17% 0.00% +1.17% $9M
THC 3.04% 1.96% +1.08% $24M
AKRO 1.33% 0.43% +0.90% $11M
ABC 1.87% 1.03% +0.84% $15M
ALGN 1.59% 0.76% +0.83% $13M
HCA 1.44% 0.67% +0.78% $11M
VRNA 1.27% 0.51% +0.76% $10M
ALC 0.76% 0.00% +0.76% $6M
CVS 2.58% 1.84% +0.74% $20M
PEN 0.70% 0.07% +0.63% $6M
IONS 0.91% 0.28% +0.63% $7M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNH 1.20% 4.66% -3.46% $9M
BMY 0.00% 2.28% -2.28% $0
MOH 0.84% 2.58% -1.75% $7M
PRCT 1.38% 3.00% -1.62% $11M
HUM 0.00% 1.42% -1.42% $0
ZBH 0.00% 1.14% -1.14% $0
BMRN 1.04% 2.15% -1.11% $8M
MCK 2.57% 3.65% -1.08% $20M
NTRA 1.23% 2.25% -1.02% $10M
0I3I.L 1.53% 2.29% -0.76% $12M
OSCR 0.85% 1.54% -0.70% $7M
MDT 1.98% 2.63% -0.66% $16M
GILD 2.36% 3.01% -0.65% $19M
BIIB 0.19% 0.78% -0.59% $2M
ALHC 2.28% 2.86% -0.58% $18M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 4 $67M 8.5%
Large Cap 49 $547M 69.1%
Mid Cap 32 $127M 16.1%
Small Cap 19 $49M 6.2%
Micro Cap 1 $412K 0.1%

Portfolio Analytics

Avg Market Cap
$48.7B
Median Market Cap
$10.4B
Avg P/E
38.1
Median P/E
29.6
Avg Dividend Yield
0.00%
Avg Beta
0.78
# Stocks
105
# ETFs / Funds
0

Top Holdings (105 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 LLY 5.70% 57,870 $45M $779.53 $11M +16,120 +38.6%
2 BSX 4.02% 296,000 $32M $107.41 $2M -4,000 -1.3%
3 VRTX 3.46% 61,455 $27M $445.20 -$5M -5,295 -7.9%
4 GKOS 3.07% 235,000 $24M $103.29 -$2M -35,000 -13.0%
5 ISRG 3.05% 44,350 $24M $543.41 -$1M -7,150 -13.9%
6 THC 3.04% 136,429 $24M $176.00 $7M +9,729 +7.7%
7 DHR 3.03% 121,452 $24M $197.54 $15M +79,500 +189.5%
8 CVS 2.58% 295,362 $20M $68.98 $4M +59,500 +25.2%
9 MCK 2.57% 27,717 $20M $732.78 -$11M -19,500 -41.3%
10 NBIX 2.37% 149,217 $19M $125.69 $9M +59,400 +66.1%
11 GILD 2.36% 168,150 $19M $110.87 -$8M -65,350 -28.0%
12 EXAS 2.35% 350,000 $19M $53.14 -$449K -90,000 -20.4%
13 ALHC 2.28% 1,287,284 $18M $14.00 -$7M -50,000 -3.7%
14 INSM 2.23% 175,435 $18M $100.64 $4M -10,065 -5.4%
15 ANTM 2.20% 44,650 $17M $388.96 -$4M -4,300 -8.8%
16 EHC 2.11% 136,400 $17M $122.63 $13M +99,000 +264.7%
17 ALNY 2.11% 51,197 $17M $326.09 $4M +3,000 +6.2%
18 MDT 1.98% 179,500 $16M $87.17 -$7M -75,500 -29.6%
19 ABC 1.87% 49,375 $15M $299.85 $6M +17,000 +52.5%
20 REGN 1.84% 27,700 $15M $525.00 -$6M -4,050 -12.8%
21 PODD 1.83% 46,000 $14M $314.18 -$2M -15,000 -24.6%
22 DXCM 1.76% 159,500 $14M $87.29 $3M +4,500 +2.9%
23 ABBV 1.63% 69,375 $13M $185.62 -$6M -19,275 -21.7%
24 ALGN 1.59% 66,500 $13M $189.33 $6M +25,000 +60.2%
25 RPRX 1.57% 344,000 $12M $36.03 -$400K -67,000 -16.3%
26 0I3I.L 1.53% 170,000 $12M $71.16 -$8M -66,000 -28.0%
27 JAZZ 1.46% 109,030 $12M $106.12 -$4M -15,270 -12.3%
28 HCA 1.44% 29,778 $11M $383.10 $6M +13,000 +77.5%
29 PRCT 1.38% 190,000 $11M $57.60 -$15M -258,000 -57.6%
30 CI 1.34% 32,000 $11M $330.58 $1M +3,800 +13.5%
31 AKRO 1.33% 197,600 $11M $53.36 $7M +105,100 +113.6%
32 VRNA 1.27% 106,500 $10M $94.58 $6M +36,500 +52.1%
33 NTRA 1.23% 57,500 $10M $168.94 -$10M -81,000 -58.5%
34 UNH 1.20% 30,430 $9M $311.97 -$31M -47,000 -60.7%
35 AXSM 1.20% 90,800 $9M $104.39 -$3M -18,800 -17.1%
36 CAH 1.17% 55,000 $9M $168.00 +55,000 NEW
37 BMRN 1.04% 149,650 $8M $54.97 -$11M -115,350 -43.5%
38 ABT 1.01% 58,500 $8M $136.01 $1M +6,500 +12.5%
39 IONS 0.91% 182,000 $7M $39.51 $5M +101,000 +124.7%
40 OSCR 0.85% 312,092 $7M $21.44 -$7M -710,651 -69.5%
41 MOH 0.84% 22,200 $7M $297.90 -$16M -46,000 -67.5%
42 MRUS 0.77% 116,000 $6M $52.60 $3M +41,500 +55.7%
43 ALC 0.76% 68,000 $6M $88.09 +68,000 NEW
44 DVAX 0.71% 565,000 $6M $9.92 -$2M
45 PEN 0.70% 21,500 $6M $256.63 $5M +19,300 +877.3%
46 CNC 0.68% 99,757 $5M $54.28 -$2M -26,243 -20.8%
47 SNDX 0.68% 574,000 $5M $9.37 $56K +141,000 +32.6%
48 BRKRP 0.64% 123,315 $5M $41.20 $3M +81,000 +191.4%
49 AVR 0.60% 1,250,763 $5M $3.79 $45K -39,237 -3.0%
50 ASTH 0.60% 190,000 $5M $24.88 $76K +40,000 +26.7%
51 UHS 0.60% 26,000 $5M $181.15 +26,000 NEW
52 SYK 0.58% 11,500 $5M $395.63 +11,500 NEW
53 TMO 0.57% 11,140 $5M $405.46 -$2M -1,500 -11.9%
54 ACLX 0.56% 67,250 $4M $65.85 $2M +23,750 +54.6%
55 EW 0.54% 55,000 $4M $78.21 +55,000 NEW
56 TGTX 0.52% 115,000 $4M $35.99 -$3M -62,500 -35.2%
57 NUVL 0.51% 52,500 $4M $76.30 $282K
58 INSP 0.50% 30,500 $4M $129.77 $1M +14,500 +90.6%
59 BNTX 0.48% 35,870 $4M $106.47 $564K +120 +0.3%
60 CYTK 0.44% 104,250 $3M $33.04 -$745K
61 RARE 0.43% 93,100 $3M $36.36 $416K +11,100 +13.5%
62 MIRM 0.42% 65,755 $3M $50.89 $24K -8,000 -10.8%
63 GPCR 0.35% 135,100 $3M $20.74 $2M +65,100 +93.0%
64 RDNT 0.33% 46,000 $3M $56.91 +46,000 NEW
65 VCEL 0.31% 58,000 $2M $42.55 +58,000 NEW
66 RGEN 0.31% 19,500 $2M $124.38 $2M +15,000 +333.3%
67 LIVN 0.30% 53,000 $2M $45.02 +53,000 NEW
68 DNTH 0.30% 126,627 $2M $18.63 $62K
69 VKTX 0.28% 85,000 $2M $26.50 -$162K -15,000 -15.0%
70 MLTX 0.27% 45,000 $2M $47.20 $366K
71 NRIX 0.27% 185,000 $2M $11.39 -$855K -64,336 -25.8%
72 PRVA 0.27% 91,189 $2M $23.00 -$107K -7,000 -7.1%
73 IQV 0.26% 13,000 $2M $157.59 -$2M -9,000 -40.9%
74 KRYS 0.22% 12,750 $2M $137.46 -$1M -5,000 -28.2%
75 SMMT 0.21% 78,000 $2M $21.28 +78,000 NEW
76 APLS 0.20% 93,250 $2M $17.31 $996K +65,000 +230.1%
77 RLAY 0.20% 460,000 $2M $3.46 $386K
78 BIIB 0.19% 12,000 $2M $125.59 -$5M -37,500 -75.8%
79 KURA 0.18% 250,000 $1M $5.77 $156K +55,000 +28.2%
80 DNLI 0.18% 100,000 $1M $13.99 $40K
81 XNCR 0.16% 165,750 $1M $7.86 -$780K -30,000 -15.3%
82 DOCS 0.16% 21,000 $1M $61.34 +21,000 NEW
83 JANX 0.16% 55,127 $1M $23.10 -$3M -86,500 -61.1%
84 ALKS 0.14% 39,000 $1M $28.61 -$172K
85 IOVA 0.14% 647,827 $1M $1.72 -$1M
86 ANNX 0.14% 460,000 $1M $2.40 $216K
87 XENE 0.14% 35,000 $1M $31.30 -$79K
88 IMCR 0.11% 28,278 $887K $31.38 $48K
89 TECH 0.10% 15,000 $772K $51.45 +15,000 NEW
90 INMB 0.05% 178,284 $412K $2.31 -$981K
91 IMVT —% -$443K -25,924 -100.0% SOLD
92 IDYA —% -$647K -39,500 -100.0% SOLD
93 AVTR —% -$775K -47,826 -100.0% SOLD
94 ARVN —% -$1M -183,000 -100.0% SOLD
95 BMY —% -$20M -325,000 -100.0% SOLD
96 VIR —% -$1M -200,000 -100.0% SOLD
97 ESPR —% -$2M -1,066,495 -100.0% SOLD
98 MRK —% -$3M -33,000 -100.0% SOLD
99 GERN —% -$1M -783,000 -100.0% SOLD
100 MEDP —% -$1M -3,800 -100.0% SOLD

New Positions

SymbolValue% Port
CAH $9M 1.17%
ALC $6M 0.76%
UHS $5M 0.60%
SYK $5M 0.58%
EW $4M 0.54%
RDNT $3M 0.33%
VCEL $2M 0.31%
LIVN $2M 0.30%
SMMT $2M 0.21%
DOCS $1M 0.16%
TECH $772K 0.10%

Sold Out Positions

SymbolValue% Port
BDX —%
BMY —%
AVTR —%
ZBH —%
MRK —%
HUM —%
ARVN —%
MEDP —%
GERN —%
ICLR —%
AMGN —%
VIR —%
ESPR —%
IMVT —%
IDYA —%
View SEC EDGAR Filings for Rhenman & Partners Asset Management AB →

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