BG
Bellevue Group AG 13F Filings Tracker & Latest Positions (Q2 2026)
Bellevue Group AGCIK: 0001674546
Diversified strategySector-focusedMomentum follower
Total reported value
$4.8B
Reporting period: 2026-06-30 · Number of holdings: 164
Bellevue Group AG disclosed 164 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $4.8B and a quarterly turnover rate of 50.2%.
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Personality snowflake
- Concentration
- 11.22
- Portfolio Stability
- 50.17
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 82.19
Bellevue Group AG's disclosed holdings carry a Herfindahl concentration index of 0.028 — mathematically equivalent to about 36 equally-sized positions, well below its 164 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.78), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 64% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AMGN
+188.3% $204.4M
Add INSM
+13787.0% $146.9M
Trim REGN
-43.6% -$117.2M
Add ORKA
+226.9% $132.8M
Trim KRYS
-83.9% -$95.6M
Add UTHR
+8976.3% $100.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 148 holdings (of 164 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AMGN | Amgen Inc | Stock-Healthcare | 6.49% | +4.02% | +188.31% | |
| 2 | VRTX | Vertex Pharmaceuticals Inc | Stock-Healthcare | 6.05% | -1.20% | -15.14% | |
| 3 | ARGX | Argenx Se - Adr | Stock-Healthcare | 5.88% | +0.44% | -3.83% | |
| 4 | GILD | Gilead Sciences Inc | Stock-Healthcare | 5.74% | +1.86% | +84.53% | |
| 5 | RVMD | Revolution Medicines Inc | Stock-Healthcare | 4.13% | +0.56% | -32.14% | |
| 6 | ORKA | Oruka Therapeutics Inc | Stock-Other | 3.32% | +2.73% | +226.86% | |
| 7 | INSM | Insmed Inc | Stock-Healthcare | 3.13% | +3.09% | +13786.96% | |
| 8 | SRRK | Scholar Rock Holding CORP | Stock-Other | 2.83% | -1.36% | -31.66% | |
| 9 | NUVL | Nuvalent Inc-a | Stock-Other | 2.74% | +0.17% | — | |
| 10 | VRDN | Viridian Therapeutics Inc | Stock-Other | 2.60% | -0.53% | +0.09% | |
| 11 | RLAY | Relay Therapeutics Inc | Stock-Other | 2.44% | +0.59% | -20.64% | |
| 12 | PCVX | Vaxcyte Inc | Stock-Other | 2.41% | +0.76% | +65.61% | |
| 13 | UTHR | United Therapeutics CORP | Stock-Healthcare | 2.15% | +2.12% | +8976.31% | |
| 14 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 2.13% | -1.01% | -11.11% | |
| 15 | REGN | Regeneron Pharmaceuticals | Stock-Healthcare | 2.06% | -3.06% | -43.56% | |
| 16 | CRNX | Crinetics Pharmaceuticals In | Stock-Other | 2.06% | -0.78% | -20.12% | |
| 17 | BBIO | Bridgebio Pharma Inc | Stock-Healthcare | 1.86% | +1.82% | +4587.34% | |
| 18 | IMCR | Immunocore Holdings Plc-adr | Stock-Other | 1.86% | -0.15% | -0.31% | |
| 19 | ABT | Abbott Laboratories | Stock-Healthcare | 1.81% | -1.00% | -17.76% | |
| 20 | SYK | Stryker CORP | Stock-Healthcare | 1.78% | +0.08% | +23.58% | |
| 21 | MDT | Medtronic plc | Stock-Healthcare | 1.64% | -0.33% | +3.85% | |
| 22 | IONS | Ionis Pharmaceuticals Inc | Stock-Healthcare | 1.62% | -1.63% | -46.54% | |
| 23 | ELVN | Enliven Therapeutics Inc | Stock-Other | 1.59% | -0.58% | -35.80% | |
| 24 | VERA | Vera Therapeutics Inc | Stock-Other | 1.54% | -0.10% | +0.00% | |
| 25 | JBIO | Jade Biosciences Inc | Stock-Other | 1.43% | +0.26% | -12.67% | |
| 26 | EW | Edwards Lifesciences CORP | Stock-Healthcare | 1.41% | -0.19% | -11.94% | |
| 27 | RARE | Ultragenyx Pharmaceutical In | Stock-Other | 1.39% | +0.20% | -16.69% | |
| 28 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 1.30% | +0.35% | +0.62% | |
| 29 | DXCM | Dexcom Inc | Stock-Healthcare | 1.17% | -0.01% | +4.28% | |
| 30 | CLDX | Celldex Therapeutics Inc | Stock-Other | 0.94% | +0.03% | — | |
| 31 | ✓ | Stock-Other | 0.94% | +0.94% | NEW | ||
| 32 | DMRA | Damora Therapeutics Inc | Stock-Other | 0.89% | -0.53% | -29.55% | |
| 33 | IRON | Disc Medicine Inc | Stock-Other | 0.86% | +0.16% | +21.92% | |
| 34 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.84% | +0.09% | +23.91% | |
| 35 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.80% | -1.39% | -39.49% | |
| 36 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.75% | +0.01% | -11.94% | |
| 37 | CGON | Cg Oncology Inc | Stock-Other | 0.74% | +0.74% | NEW | |
| 38 | IDXX | Idexx Laboratories Inc | Stock-Healthcare | 0.68% | -0.51% | -30.69% | |
| 39 | RMD | Resmed Inc | Stock-Healthcare | 0.61% | -0.24% | -7.00% | |
| 40 | KRYS | Krystal Biotech Inc | Stock-Healthcare | 0.61% | -2.35% | -83.91% | |
| 41 | GLUE | Monte Rosa Therapeutics Inc | Stock-Other | 0.61% | +0.12% | -4.80% | |
| 42 | DHR | Danaher CORP | Stock-Healthcare | 0.58% | -0.33% | -28.85% | |
| 43 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.55% | -0.14% | -13.28% | |
| 44 | ✓ | Stock-Other | 0.50% | +0.50% | NEW | ||
| 45 | PVLA | Palvella Therapeutics Inc | Stock-Other | 0.50% | +0.50% | NEW | |
| 46 | ALGN | Align Technology Inc | Stock-Healthcare | 0.50% | -0.07% | — | |
| 47 | ANNX | Annexon Inc | Stock-Other | 0.49% | -0.19% | -20.50% | |
| 48 | HUM | Humana Inc | Stock-Healthcare | 0.49% | +0.22% | -9.46% | |
| 49 | ELV | Elevance Health Inc | Stock-Healthcare | 0.46% | +0.09% | +7.49% | |
| 50 | TNGX | Tango Therapeutics Inc | Stock-Other | 0.46% | -0.73% | -71.08% |
1–50 of 148
Portfolio Performance
Performance for Q3 2026
+19.9%
Performance Last 4 Quarters
+47%
- Stdev
- +17.3%
- Beta
- +0.9
- Alpha
- +0.2%
- Max Drawdown
- -13.8%
- Annualized Perf
- +18%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +1.77
- Stutzer
- +0.3
- Treynor
- +0.2
- Sterling
- +0.92
- Calmar
- +1.31
- Information Ratio
- -0.14
- Tracking Error
- +12.9%
- Stdev Down
- +10.2%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +47%
- Worst 12 Months
- -6.5%
- Efficiency Ratio
- +0.42
- Sharpe
- +1.05
- Stdev Sectors
- +43.3%
- Skewness
- -0.36
- Kurtosis
- -0.56
- Upside Potential
- +3.39
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 164 | $4.8B | 50 | ||
| 2026 Q1 | 167 | $4.2B | 67 | ||
| 2025 Q4 | 213 | $5.3B | 44 | ||
| 2025 Q3 | 186 | $4.8B | 35 | ||
| 2025 Q2 | 175 | $4.5B | 0 | ||
| 2025 Q1 | 177 | $4.5B | 100 | ||
| 2024 Q4 | 193 | $5.2B | 0 | ||
| 2024 Q3 | 196 | $6.2B | 0 | ||
| 2024 Q2 | 204 | $6.2B | 0 | ||
| 2024 Q1 | 208 | $6.6B | 0 | ||
| 2023 Q4 | 202 | $6.5B | 0 | ||
| 2023 Q3 | 196 | $6.2B | 0 | ||
| 2023 Q2 | 198 | $7.0B | 0 | ||
| 2023 Q1 | 202 | $6.9B | 0 | ||
| 2022 Q4 | 215 | $7.5B | 0 | ||
| 2022 Q3 | 217 | $7.0B | 0 | ||
| 2022 Q2 | 214 | $7.1B | 0 | ||
| 2022 Q1 | 220 | $8.6B | 0 | ||
| 2021 Q4 | 235 | $9.7B | 0 | ||
| 2021 Q3 | 265 | $9.9B | 0 | ||
| 2021 Q2 | 262 | $10.2B | 96 | ||
| 2021 Q1 | 260 | $9.5B | 22 | ||
| 2020 Q4 | 266 | $8.7B | 35 | ||
| 2020 Q3 | 261 | $7.2B | 21 | ||
| 2020 Q2 | 235 | $7.1B | 37 | ||
| 2020 Q1 | 239 | $5.2B | 29 | ||
| 2019 Q4 | 239 | $6.3B | 35 | ||
| 2019 Q3 | 236 | $5.4B | 20 | ||
| 2019 Q2 | 219 | $5.9B | 100 | ||
| 2019 Q1 | 138 | $1.8B | 40 | ||
| 2018 Q4 | 138 | $1.5B | 35 | ||
| 2018 Q3 | 138 | $1.6B | 34 | ||
| 2018 Q2 | 138 | $1.2B | 33 | ||
| 2018 Q1 | 124 | $1.0B | 30 | ||
| 2017 Q4 | 134 | $957.2M | 30 | ||
| 2017 Q3 | 131 | $956.1M | 28 | ||
| 2017 Q2 | 132 | $845.7M | 32 | ||
| 2017 Q1 | 132 | $750.4M | 49 | ||
| 2016 Q4 | 122 | $488.3M | 28 | ||
| 2016 Q3 | 121 | $553.5M | 26 | ||
| 2016 Q2 | 124 | $531.5M | 43 | ||
| 2016 Q1 | 130 | $551.1M | 0 |
Holding changes this quarter
Bellevue Group AG's most significant position changes for 2026-06-30: Sold out: Edgewise Therapeutics Inc (EWTX); New buy: ; New buy: Cg Oncology Inc (CGON); New buy: ; New buy: Palvella Therapeutics Inc (PVLA).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMGN | Amgen Inc | +4% | +188.31% | Add |
| 2 | INSM | Insmed Inc | +3.1% | +13786.96% | Add |
| 3 | ORKA | Oruka Therapeutics Inc | +2.7% | +226.86% | Add |
| 4 | UTHR | United Therapeutics CORP | +2.1% | +8976.31% | Add |
| 5 | GILD | Gilead Sciences Inc | +1.9% | +84.53% | Add |
| 6 | BBIO | Bridgebio Pharma Inc | +1.8% | +4587.34% | Add |
| 7 | ✓ | +0.9% | NEW | New buy | |
| 8 | PCVX | Vaxcyte Inc | +0.8% | +65.61% | Add |
| 9 | CGON | Cg Oncology Inc | +0.7% | NEW | New buy |
| 10 | RLAY | Relay Therapeutics Inc | +0.6% | -20.64% | Trim |
| 11 | RVMD | Revolution Medicines Inc | +0.6% | -32.14% | Trim |
| 12 | ✓ | +0.5% | NEW | New buy | |
| 13 | PVLA | Palvella Therapeutics Inc | +0.5% | NEW | New buy |
| 14 | ARGX | Argenx Se - Adr | +0.4% | -3.83% | Trim |
| 15 | SYRE | Spyre Therapeutics Inc | +0.4% | NEW | New buy |
| 16 | ✓ | +0.4% | NEW | New buy | |
| 17 | UNH | Unitedhealth Group Inc | +0.4% | +0.62% | Add |
| 18 | ✓ | +0.3% | NEW | New buy | |
| 19 | JBIO | Jade Biosciences Inc | +0.3% | -12.67% | Trim |
| 20 | HUM | Humana Inc | +0.2% | -9.46% | Trim |
| 21 | CVS | Cvs Health CORP | +0.2% | +89.53% | Add |
| 22 | RARE | Ultragenyx Pharmaceutical In | +0.2% | -16.69% | Trim |
| 23 | NUVL | Nuvalent Inc-a | +0.2% | — | Unchanged |
| 24 | AURA | Aura Biosciences Inc | +0.2% | NEW | New buy |
| 25 | IRON | Disc Medicine Inc | +0.2% | +21.92% | Add |
| 26 | MOH | Molina Healthcare Inc | +0.1% | NEW | New buy |
| 27 | GLUE | Monte Rosa Therapeutics Inc | +0.1% | -4.80% | Trim |
| 28 | ALKS | Alkermes plc | +0.1% | +1255.61% | Add |
| 29 | CNC | Centene CORP | +0.1% | -12.33% | Trim |
| 30 | ✓ | +0.1% | NEW | New buy | |
| 31 | PTGX | Protagonist Therapeutics Inc | +0.1% | +285.42% | Add |
| 32 | TMO | Thermo Fisher Scientific Inc | +0.1% | +23.91% | Add |
| 33 | ELV | Elevance Health Inc | +0.1% | +7.49% | Add |
| 34 | RPRX | Royalty Pharma plc | +0.1% | +193.27% | Add |
| 35 | SYK | Stryker CORP | +0.1% | +23.58% | Add |
| 36 | NBIX | Neurocrine Biosciences Inc | +0.1% | +417.37% | Add |
| 37 | TEVA | Teva Pharmaceutical-sp Adr | +0.1% | +38.31% | Add |
| 38 | LIVN | LivaNova PLC | +0.1% | +5.07% | Add |
| 39 | TXG | 10x Genomics Inc-class A | 0% | -20.64% | Trim |
| 40 | NAMS | NewAmsterdam Pharma Company N.V. | 0% | +214.50% | Add |
| 41 | CLDX | Celldex Therapeutics Inc | 0% | — | Unchanged |
| 42 | ONC | Beone Medicines Ltd-adr | 0% | +174.76% | Add |
| 43 | ✓ | 0% | NEW | New buy | |
| 44 | ✓ | 0% | NEW | New buy | |
| 45 | OMDA | Omada Health Inc | 0% | — | Unchanged |
| 46 | CYTK | Cytokinetics Inc | 0% | +114.99% | Add |
| 47 | KMTS | Kestra Medical Technologies, Ltd. | 0% | +11.79% | Add |
| 48 | ABVX | Abivax Sa-adr | 0% | +510.40% | Add |
| 49 | LLY | Eli Lilly & Co | 0% | -11.94% | Trim |
| 50 | GKOS | Glaukos CORP | 0% | -11.69% | Trim |
1–50 of 172
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is Bellevue Group AG and what type of investor is it?
Bellevue Group AG is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $4.8B, spread across 164 disclosed positions.
What are Bellevue Group AG's largest equity positions?
Based on the latest 13F filing, Bellevue Group AG's top holdings by market value are:
1. Amgen Inc (AMGN) — $308.4M (6.5%)
2. Vertex Pharmaceuticals Inc (VRTX) — $287.4M (6.0%)
3. Argenx Se - Adr (ARGX) — $279.3M (5.9%)
4. Gilead Sciences Inc (GILD) — $272.7M (5.7%)
5. Revolution Medicines Inc (RVMD) — $196.3M (4.1%)
What changes did Bellevue Group AG make in its most recent portfolio filing?
In the latest reported quarter, Bellevue Group AG made 148 notable position adjustments: 17 new positions were initiated, 41 existing holdings were added to, 66 positions were partially reduced, and 24 were completely exited. The largest of these moves: Sold out: Edgewise Therapeutics Inc (EWTX); New buy: ; New buy: Cg Oncology Inc (CGON); New buy: ; New buy: Palvella Therapeutics Inc (PVLA)
What sectors does Bellevue Group AG focus on?
Bellevue Group AG is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 99.9%
• Information Technology: 0.0%
• Communication Services: 0.0%
• Consumer Discretionary: 0.0%
Investment Profile
Bellevue Group AG returned an annualized 18.0% over the trailing 36 months — outperforming the S&P 500 by 0.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.90 (roughly in line with the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 99.9% of the portfolio concentrated in Health Care.
Its turnover score has risen from 0 to 50 over the past 4 quarters — a shift toward more active trading.
It has added to its AMGN position over the past two quarters (+$302.3M, now $308.4M), while trimming IONS over the same stretch (-$302.8M, still holding $77.1M).
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Developer Access
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