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Rhenman & Partners Asset Management AB

Q4 2025 · Filed 2026-02-13
Market Value
$1.1B
+18.1%
Holdings
104
+1
New Purchases
12
Added To
43
Closed
11
Reduced
32
Top 10 Concentration
29.5%
Turnover
22.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
REGN 4.44% 2.25% +2.20% $47M
VERA 1.99% 0.42% +1.58% $21M
AMGN 1.10% 0.00% +1.10% $12M
NUVL 1.54% 0.50% +1.04% $16M
PNTG 0.94% 0.00% +0.94% $10M
ARWR 0.90% 0.00% +0.90% $10M
IDYA 0.81% 0.00% +0.81% $9M
LIVN 1.10% 0.31% +0.79% $12M
0I3I.L 2.52% 1.80% +0.72% $27M
BIIB 1.52% 0.85% +0.67% $16M
NRIX 0.96% 0.36% +0.60% $10M
BBIO 0.59% 0.00% +0.59% $6M
MDT 2.67% 2.16% +0.50% $28M
BTSG 0.70% 0.20% +0.50% $7M
GILD 1.45% 0.98% +0.47% $15M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EXAS 0.00% 2.11% -2.11% $0
CAH 0.00% 1.63% -1.63% $0
ABT 0.00% 1.46% -1.46% $0
CYTK 0.26% 1.55% -1.29% $3M
AKRO 0.00% 1.21% -1.21% $0
IONS 1.18% 2.24% -1.07% $13M
ALHC 1.87% 2.86% -0.99% $20M
ABBV 2.37% 3.34% -0.97% $25M
BSX 3.85% 4.73% -0.88% $41M
DVAX 0.00% 0.85% -0.85% $0
DHR 2.13% 2.95% -0.82% $23M
UNH 1.70% 2.39% -0.69% $18M
VRTX 1.46% 2.03% -0.58% $16M
MRUS 0.00% 0.56% -0.56% $0
CNC 0.18% 0.67% -0.49% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $89M 8.3%
Large Cap 47 $645M 60.4%
Mid Cap 34 $223M 20.9%
Small Cap 20 $110M 10.3%

Portfolio Analytics

Avg Market Cap
$42.1B
Median Market Cap
$9.2B
Avg P/E
37.0
Median P/E
28.4
Avg Dividend Yield
0.00%
Avg Beta
0.84
# Stocks
104
# ETFs / Funds
0

Top Holdings (104 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 REGN 4.44% 61,400 $47M $771.87 $27M +25,300 +70.1%
2 LLY 4.25% 42,220 $45M $1,074.68 $5M -11,200 -21.0%
3 BSX 3.85% 431,207 $41M $95.35 -$2M -6,793 -1.6%
4 MDT 2.67% 296,000 $28M $96.06 $9M +91,000 +44.4%
5 ISRG 2.55% 48,000 $27M $566.36 $5M -500 -1.0%
6 0I3I.L 2.52% 327,500 $27M $81.96 $11M +90,500 +38.2%
7 CVS 2.50% 335,500 $27M $79.36 $6M +58,138 +21.0%
8 ABBV 2.37% 110,575 $25M $228.49 -$5M -19,800 -15.2%
9 GKOS 2.22% 210,000 $24M $112.91 $5M -20,000 -8.7%
10 DHR 2.13% 99,052 $23M $228.92 -$4M -35,400 -26.3%
11 ABC 2.01% 63,375 $21M $337.75 $2M +1,000 +1.6%
12 VERA 1.99% 420,000 $21M $50.64 $17M +290,000 +223.1%
13 MCK 1.97% 25,600 $21M $820.29 $450K -1,000 -3.8%
14 AXSM 1.97% 114,800 $21M $182.64 -$19K -58,000 -33.6%
15 ALHC 1.87% 1,009,450 $20M $19.75 -$6M -469,834 -31.8%
16 INSM 1.85% 113,585 $20M $174.04 $776K -18,300 -13.9%
17 TMO 1.83% 33,640 $19M $579.45 $5M +3,600 +12.0%
18 PRCT 1.80% 611,000 $19M $31.46 $5M +221,000 +56.7%
19 ALNY 1.70% 45,675 $18M $397.65 $4M +13,800 +43.3%
20 UNH 1.70% 54,900 $18M $330.11 -$3M -7,630 -12.2%
21 NBIX 1.67% 125,491 $18M $141.83 $2M +10,774 +9.4%
22 PODD 1.63% 61,000 $17M $284.24 -$568K +3,000 +5.2%
23 DOCS 1.55% 372,750 $17M $44.28 $7M +236,750 +174.1%
24 EW 1.55% 193,500 $16M $85.25 $4M +38,500 +24.8%
25 NUVL 1.54% 163,350 $16M $100.59 $12M +110,850 +211.1%
26 BIIB 1.52% 92,350 $16M $175.99 $9M +37,350 +67.9%
27 VRTX 1.46% 34,255 $16M $453.36 -$3M -12,700 -27.1%
28 EHC 1.46% 146,263 $16M $106.14 $358K +26,863 +22.5%
29 GILD 1.45% 126,150 $15M $122.74 $7M +46,000 +57.4%
30 ALGN 1.45% 99,000 $15M $156.15 $5M +16,000 +19.3%
31 THC 1.43% 76,504 $15M $198.72 $3M +18,075 +30.9%
32 BMRN 1.20% 215,000 $13M $59.43 $3M +28,350 +15.2%
33 JAZZ 1.18% 74,030 $13M $170.00 $60K -21,000 -22.1%
34 IONS 1.18% 158,500 $13M $79.11 -$8M -151,500 -48.9%
35 AMGN 1.10% 36,000 $12M $327.31 +36,000 NEW
36 LIVN 1.10% 190,000 $12M $61.53 $9M +137,000 +258.5%
37 MDGL 1.07% 19,550 $11M $582.34 $3M +1,300 +7.1%
38 CI 1.00% 38,650 $11M $275.23 -$3M -7,850 -16.9%
39 GPCR 0.96% 147,600 $10M $69.55 $5M -32,500 -18.1%
40 SNDX 0.96% 487,000 $10M $21.01 $1M -87,000 -15.2%
41 NRIX 0.96% 537,500 $10M $18.97 $7M +190,000 +54.7%
42 PNTG 0.94% 357,346 $10M $28.15 +357,346 NEW
43 ADPT 0.92% 605,000 $10M $16.24 $2M +110,000 +22.2%
44 PEN 0.92% 31,500 $10M $310.91 $5M +11,000 +53.7%
45 ARWR 0.90% 144,500 $10M $66.39 +144,500 NEW
46 APLS 0.88% 374,450 $9M $25.12 $4M +142,200 +61.2%
47 NTRA 0.87% 40,500 $9M $229.09 $4M +9,500 +30.6%
48 KURA 0.85% 872,000 $9M $10.39 $5M +382,000 +78.0%
49 ACLX 0.82% 133,500 $9M $65.20 $3M +68,250 +104.6%
50 IDYA 0.81% 250,000 $9M $34.57 +250,000 NEW
51 MIRM 0.79% 106,255 $8M $78.99 $4M +50,000 +88.9%
52 GH 0.77% 80,000 $8M $102.14 $5M +30,000 +60.0%
53 RPRX 0.75% 206,500 $8M $38.64 -$1M -52,000 -20.1%
54 BTSG 0.70% 198,000 $7M $37.45 $6M +138,000 +230.0%
55 BRKRP 0.65% 147,315 $7M $47.11 $2M -7,000 -4.5%
56 STOK 0.64% 216,000 $7M $31.74 $981K -34,000 -13.6%
57 BBIO 0.59% 81,600 $6M $76.49 +81,600 NEW
58 XENE 0.58% 139,000 $6M $44.82 $3M +58,000 +71.6%
59 AVR 0.58% 1,238,625 $6M $4.99 $552K -12,138 -1.0%
60 KRYS 0.58% 25,000 $6M $246.54 $4M +13,250 +112.8%
61 IQV 0.56% 26,500 $6M $225.41 $2M +7,000 +35.9%
62 IMCR 0.50% 153,278 $5M $34.71 $4M +125,000 +442.0%
63 ANTM 0.49% 15,000 $5M $350.55 -$2M -7,500 -33.3%
64 MLYS 0.48% 142,571 $5M $36.29 -$1M -22,429 -13.6%
65 MLTX 0.45% 364,000 $5M $13.18 $3M +157,000 +75.8%
66 CRL 0.41% 22,000 $4M $199.48 +22,000 NEW
67 IOVA 0.41% 1,595,327 $4M $2.73 $2M +497,500 +45.3%
68 VCEL 0.39% 117,000 $4M $36.01 $531K
69 DNTH 0.38% 98,627 $4M $41.21 -$3M -75,000 -43.2%
70 RLAY 0.36% 460,000 $4M $8.46 $1M
71 RYTM 0.35% 35,000 $4M $107.04 $212K
72 OSCR 0.35% 260,000 $4M $14.37 +260,000 NEW
73 ALKS 0.35% 133,250 $4M $27.98 $908K +39,250 +41.8%
74 RDNT 0.31% 47,000 $3M $71.35 -$457K -3,000 -6.0%
75 INSP 0.31% 35,800 $3M $92.23 -$1M -25,200 -41.3%
76 OCUL 0.30% 265,000 $3M $12.14 $856K +63,000 +31.2%
77 JANX 0.29% 225,377 $3M $13.80 $663K +125,250 +125.1%
78 PRVA 0.28% 125,000 $3M $23.71 -$2M -69,189 -35.6%
79 STVN 0.28% 147,025 $3M $20.12 $2M +96,025 +188.3%
80 VKTX 0.27% 83,000 $3M $35.18 -$3M -133,288 -61.6%
81 CYTK 0.26% 44,375 $3M $63.54 -$11M -210,875 -82.6%
82 A 0.26% 20,000 $3M $136.07 +20,000 NEW
83 XNCR 0.24% 165,750 $3M $15.31 $593K
84 CNTA 0.23% 100,000 $3M $25.01 +100,000 NEW
85 TGTX 0.20% 73,250 $2M $29.81 -$1M -19,750 -21.2%
86 BNTX 0.19% 20,870 $2M $95.20 -$2M -15,000 -41.8%
87 WST 0.18% 7,000 $2M $275.14 +7,000 NEW
88 CNC 0.18% 46,231 $2M $41.15 -$4M -123,769 -72.8%
89 QURE 0.18% 79,375 $2M $23.93 +79,375 NEW
90 DNLI 0.15% 100,000 $2M $16.51 $199K
91 STE 0.14% 6,000 $2M $253.52 +6,000 NEW
92 IRTC 0.12% 7,000 $1M $177.44 $38K
93 ATEC 0.04% 20,000 $421K $21.04 $159K +2,000 +11.1%
94 RARE —% -$4M -119,400 -100.0% SOLD
95 TECH —% -$834K -15,000 -100.0% SOLD
96 UTHR —% -$3M -8,000 -100.0% SOLD
97 CAH —% -$15M -94,000 -100.0% SOLD
98 EXAS —% -$19M -348,000 -100.0% SOLD
99 ANNX —% -$3M -823,000 -100.0% SOLD
100 AKRO —% -$11M -230,600 -100.0% SOLD

New Positions

SymbolValue% Port
AMGN $12M 1.10%
PNTG $10M 0.94%
ARWR $10M 0.90%
IDYA $9M 0.81%
BBIO $6M 0.59%
CRL $4M 0.41%
OSCR $4M 0.35%
A $3M 0.26%
CNTA $3M 0.23%
WST $2M 0.18%
QURE $2M 0.18%
STE $2M 0.14%

Sold Out Positions

SymbolValue% Port
ABT —%
CAH —%
UHS —%
ANNX —%
TECH —%
RARE —%
UTHR —%
AKRO —%
EXAS —%
MRUS —%
DVAX —%
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