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Rhenman & Partners Asset Management AB

Q3 2025 · Filed 2025-11-13
Market Value
$904M
+14.2%
Holdings
103
-2
New Purchases
13
Added To
46
Closed
11
Reduced
23
Top 10 Concentration
30.1%
Turnover
23.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ABBV 3.34% 1.63% +1.71% $30M
IONS 2.24% 0.91% +1.34% $20M
UNH 2.39% 1.20% +1.19% $22M
AXSM 2.32% 1.20% +1.12% $21M
CYTK 1.55% 0.44% +1.12% $14M
TMO 1.61% 0.57% +1.04% $15M
DOCS 1.10% 0.16% +0.94% $10M
MDGL 0.93% 0.00% +0.93% $8M
ADPT 0.82% 0.00% +0.82% $7M
EW 1.33% 0.54% +0.79% $12M
BSX 4.73% 4.02% +0.71% $43M
MLYS 0.69% 0.00% +0.69% $6M
BIIB 0.85% 0.19% +0.66% $8M
STOK 0.65% 0.00% +0.65% $6M
ALHC 2.86% 2.28% +0.58% $26M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DXCM 0.00% 1.76% -1.76% $0
THC 1.31% 3.04% -1.72% $12M
HCA 0.00% 1.44% -1.44% $0
VRTX 2.03% 3.46% -1.42% $18M
ANTM 0.80% 2.20% -1.39% $7M
GILD 0.98% 2.36% -1.37% $9M
VRNA 0.00% 1.27% -1.27% $0
LLY 4.51% 5.70% -1.19% $41M
GKOS 2.08% 3.07% -0.99% $19M
OSCR 0.00% 0.85% -0.85% $0
MOH 0.00% 0.84% -0.84% $0
ALC 0.00% 0.76% -0.76% $0
NTRA 0.55% 1.23% -0.68% $5M
ISRG 2.40% 3.05% -0.65% $22M
ASTH 0.00% 0.60% -0.60% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $93M 10.2%
Large Cap 47 $561M 62.0%
Mid Cap 33 $172M 19.1%
Small Cap 19 $78M 8.7%
Micro Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$43.2B
Median Market Cap
$9.6B
Avg P/E
39.4
Median P/E
30.1
Avg Dividend Yield
0.00%
Avg Beta
0.81
# Stocks
103
# ETFs / Funds
0

Top Holdings (103 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BSX 4.73% 438,000 $43M $97.63 $11M +142,000 +48.0%
2 LLY 4.51% 53,420 $41M $763.00 -$4M -4,450 -7.7%
3 ABBV 3.34% 130,375 $30M $231.54 $17M +61,000 +87.9%
4 DHR 2.95% 134,452 $27M $198.26 $3M +13,000 +10.7%
5 ALHC 2.86% 1,479,284 $26M $17.45 $8M +192,000 +14.9%
6 ISRG 2.40% 48,500 $22M $447.23 -$2M +4,150 +9.4%
7 UNH 2.39% 62,530 $22M $345.30 $12M +32,100 +105.5%
8 AXSM 2.32% 172,800 $21M $121.45 $12M +82,000 +90.3%
9 CVS 2.31% 277,362 $21M $75.39 $536K -18,000 -6.1%
10 MCK 2.27% 26,600 $21M $772.54 $239K -1,117 -4.0%
11 REGN 2.25% 36,100 $20M $562.27 $6M +8,400 +30.3%
12 IONS 2.24% 310,000 $20M $65.42 $13M +128,000 +70.3%
13 MDT 2.16% 205,000 $20M $95.24 $4M +25,500 +14.2%
14 ABC 2.16% 62,375 $19M $312.53 $5M +13,000 +26.3%
15 EXAS 2.11% 348,000 $19M $54.71 $440K -2,000 -0.6%
16 INSM 2.10% 131,885 $19M $144.01 $1M -43,550 -24.8%
17 GKOS 2.08% 230,000 $19M $81.55 -$6M -5,000 -2.1%
18 VRTX 2.03% 46,955 $18M $391.64 -$9M -14,500 -23.6%
19 PODD 1.98% 58,000 $18M $308.73 $3M +12,000 +26.1%
20 0I3I.L 1.80% 237,000 $16M $68.56 $4M +67,000 +39.4%
21 NBIX 1.78% 114,717 $16M $140.38 -$3M -34,500 -23.1%
22 EHC 1.68% 119,400 $15M $127.02 -$2M -17,000 -12.5%
23 CAH 1.63% 94,000 $15M $156.96 $6M +39,000 +70.9%
24 TMO 1.61% 30,040 $15M $485.02 $10M +18,900 +169.7%
25 ALNY 1.61% 31,875 $15M $456.00 -$2M -19,322 -37.7%
26 CYTK 1.55% 255,250 $14M $54.96 $11M +151,000 +144.8%
27 PRCT 1.54% 390,000 $14M $35.69 $3M +200,000 +105.3%
28 CI 1.48% 46,500 $13M $288.25 $3M +14,500 +45.3%
29 ABT 1.46% 98,500 $13M $133.94 $5M +40,000 +68.4%
30 JAZZ 1.39% 95,030 $13M $131.80 $955K -14,000 -12.8%
31 EW 1.33% 155,000 $12M $77.77 $8M +100,000 +181.8%
32 THC 1.31% 58,429 $12M $203.04 -$12M -78,000 -57.2%
33 AKRO 1.21% 230,600 $11M $47.48 $405K +33,000 +16.7%
34 ALGN 1.15% 83,000 $10M $125.22 -$2M +16,500 +24.8%
35 BMRN 1.12% 186,650 $10M $54.16 $2M +37,000 +24.7%
36 DOCS 1.10% 136,000 $10M $73.15 $9M +115,000 +547.6%
37 RPRX 1.01% 258,500 $9M $35.28 -$3M -85,500 -24.9%
38 GILD 0.98% 80,150 $9M $111.00 -$10M -88,000 -52.3%
39 SNDX 0.98% 574,000 $9M $15.39 $3M
40 MDGL 0.93% 18,250 $8M $458.66 +18,250 NEW
41 BIIB 0.85% 55,000 $8M $140.08 $6M +43,000 +358.3%
42 DVAX 0.85% 772,000 $8M $9.93 $2M +207,000 +36.6%
43 ADPT 0.82% 495,000 $7M $14.96 +495,000 NEW
44 ANTM 0.80% 22,500 $7M $323.12 -$10M -22,150 -49.6%
45 DNTH 0.76% 173,627 $7M $39.35 $4M +47,000 +37.1%
46 MLYS 0.69% 165,000 $6M $37.92 +165,000 NEW
47 CNC 0.67% 170,000 $6M $35.68 $651K +70,243 +70.4%
48 STOK 0.65% 250,000 $6M $23.50 +250,000 NEW
49 VKTX 0.63% 216,288 $6M $26.28 $3M +131,288 +154.5%
50 AVR 0.62% 1,250,763 $6M $4.50 $888K
51 ACLX 0.59% 65,250 $5M $82.10 $929K -2,000 -3.0%
52 APLS 0.58% 232,250 $5M $22.63 $4M +139,000 +149.1%
53 PEN 0.57% 20,500 $5M $253.32 -$324K -1,000 -4.7%
54 GPCR 0.56% 180,100 $5M $28.00 $2M +45,000 +33.3%
55 MRUS 0.56% 53,500 $5M $94.15 -$1M -62,500 -53.9%
56 BRKRP 0.55% 154,315 $5M $32.49 -$67K +31,000 +25.1%
57 NTRA 0.55% 31,000 $5M $160.97 -$5M -26,500 -46.1%
58 PRVA 0.54% 194,189 $5M $24.90 $3M +103,000 +113.0%
59 NUVL 0.50% 52,500 $5M $86.48 $534K
60 INSP 0.50% 61,000 $5M $74.20 $568K +30,500 +100.0%
61 KURA 0.48% 490,000 $4M $8.85 $3M +240,000 +96.0%
62 MIRM 0.46% 56,255 $4M $73.31 $778K -9,500 -14.4%
63 RDNT 0.42% 50,000 $4M $76.21 $1M +4,000 +8.7%
64 VERA 0.42% 130,000 $4M $29.06 +130,000 NEW
65 IQV 0.41% 19,500 $4M $189.94 $2M +6,500 +50.0%
66 VCEL 0.41% 117,000 $4M $31.47 $1M +59,000 +101.7%
67 RARE 0.40% 119,400 $4M $30.08 $206K +26,300 +28.2%
68 BNTX 0.39% 35,870 $4M $98.62 -$282K
69 RYTM 0.39% 35,000 $4M $100.99 +35,000 NEW
70 TGTX 0.37% 93,000 $3M $36.13 -$779K -22,000 -19.1%
71 UTHR 0.37% 8,000 $3M $419.21 +8,000 NEW
72 XENE 0.36% 81,000 $3M $40.15 $2M +46,000 +131.4%
73 NRIX 0.36% 347,500 $3M $9.24 $1M +162,500 +87.8%
74 GH 0.35% 50,000 $3M $62.48 +50,000 NEW
75 ALKS 0.31% 94,000 $3M $30.00 $2M +55,000 +141.0%
76 LIVN 0.31% 53,000 $3M $52.38 $390K
77 ANNX 0.28% 823,000 $3M $3.05 $1M +363,000 +78.9%
78 UHS 0.27% 12,000 $2M $204.44 -$2M -14,000 -53.9%
79 JANX 0.27% 100,127 $2M $24.44 $1M +45,000 +81.6%
80 RLAY 0.27% 460,000 $2M $5.22 $810K
81 IOVA 0.26% 1,097,827 $2M $2.17 $1M +450,000 +69.5%
82 OCUL 0.26% 202,000 $2M $11.69 +202,000 NEW
83 KRYS 0.23% 11,750 $2M $176.53 $322K -1,000 -7.8%
84 XNCR 0.22% 165,750 $2M $11.73 $641K
85 BTSG 0.20% 60,000 $2M $29.56 +60,000 NEW
86 MLTX 0.16% 207,000 $1M $7.17 -$640K +162,000 +360.0%
87 DNLI 0.16% 100,000 $1M $14.52 $53K
88 STVN 0.15% 51,000 $1M $25.75 +51,000 NEW
89 IRTC 0.13% 7,000 $1M $171.99 +7,000 NEW
90 IMCR 0.11% 28,278 $1M $36.33 $140K
91 TECH 0.09% 15,000 $834K $55.63 $63K
92 ATEC 0.03% 18,000 $262K $14.54 +18,000 NEW
93 INMB —% -$412K -178,284 -100.0% SOLD
94 RGEN —% -$2M -19,500 -100.0% SOLD
95 SMMT —% -$2M -78,000 -100.0% SOLD
96 DXCM —% -$14M -159,500 -100.0% SOLD
97 MOH —% -$7M -22,200 -100.0% SOLD
98 ASTH —% -$5M -190,000 -100.0% SOLD
99 OSCR —% -$7M -312,092 -100.0% SOLD
100 HCA —% -$11M -29,778 -100.0% SOLD

New Positions

SymbolValue% Port
MDGL $8M 0.93%
ADPT $7M 0.82%
MLYS $6M 0.69%
STOK $6M 0.65%
VERA $4M 0.42%
RYTM $4M 0.39%
UTHR $3M 0.37%
GH $3M 0.35%
OCUL $2M 0.26%
BTSG $2M 0.20%
STVN $1M 0.15%
IRTC $1M 0.13%
ATEC $262K 0.03%

Sold Out Positions

SymbolValue% Port
ALC —%
SYK —%
MOH —%
HCA —%
OSCR —%
INMB —%
DXCM —%
SMMT —%
ASTH —%
RGEN —%
VRNA —%
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