Tekla Capital Management LLC — 13F Filing Insights

CIK: 0001300336

Diversified strategySector-focusedLong-term holder

Total reported value

$2.6B

Reporting period: 2023-06-30 · Number of holdings: 166

Tekla Capital Management LLC disclosed 166 holdings in its latest 13F filing for the period ending 2023-06-30, with total reported value of $2.6B and a quarterly turnover rate of 0.0%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "T"

Personality snowflake

Concentration: 0
Portfolio Stability: 0
Momentum/Contrarian: 50
Sector conviction: 100
Diversification: 100
Sizing Uniformity: —

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 0% 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.

Recent moves

No holding changes this quarter

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	AMGN	Amgen INC	Stock-Healthcare	5.36%	—	+10.90%
2	JNJ	Johnson & Johnson	Stock-Healthcare	4.68%	—	—
3	GILD	Gilead Sciences INC	Stock-Healthcare	4.63%	—	-1.67%
4	REGN	Regeneron Pharmaceuticals	Stock-Healthcare	4.54%	—	+12.84%
5	VRTX	Vertex Pharmaceuticals INC	Stock-Healthcare	4.38%	—	-3.72%
6	LLY	Eli Lilly & Co	Stock-Healthcare	3.92%	—	-26.15%
7	UNH	Unitedhealth Group INC	Stock-Healthcare	3.89%	—	-11.62%
8	MRK	Merck & Co. INC.	Stock-Healthcare	3.29%	—	+31.88%
9	ABBV	Abbvie INC	Stock-Healthcare	2.88%	—	+6.65%
10	BIIB	Biogen INC	Stock-Healthcare	2.76%	—	+2.91%
11	AZNN	Astrazeneca Plc-spons Adr	Stock-Other	2.74%	—	-1.61%
12	ILMN	Illumina INC	Stock-Healthcare	2.47%	—	-3.19%
13	ABT	Abbott Laboratories	Stock-Healthcare	2.36%	—	-11.45%
14	PFE	Pfizer INC	Stock-Healthcare	2.33%	—	-8.48%
15	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	2.02%	—	+5.64%
16	ELV	Elevance Health INC	Stock-Healthcare	1.98%	—	—
17	MRNA	Moderna INC	Stock-Healthcare	1.63%	—	+6.67%
18	BSX	Boston Scientific CORP	Stock-Healthcare	1.39%	—	+16.22%
19	DHR	Danaher CORP	Stock-Healthcare	1.34%	—	+35.12%
20	MDT	Medtronic plc	Stock-Healthcare	1.19%	—	-0.03%
21	IDXX	Idexx Laboratories INC	Stock-Healthcare	1.15%	—	—
22	DXCM	Dexcom INC	Stock-Healthcare	1.15%	—	—
23	BMY	Bristol-myers Squibb Co	Stock-Healthcare	1.15%	—	-30.93%
24	ISRG	Intuitive Surgical INC	Stock-Healthcare	1.12%	—	-25.47%
25	ALNY	Alnylam Pharmaceuticals INC	Stock-Healthcare	1.06%	—	—
26	CI	THE Cigna Group	Stock-Healthcare	1.06%	—	-47.25%
27	MCK	Mckesson CORP	Stock-Healthcare	1.04%	—	-6.77%
28	ARGX	Argenx Se - Adr	Stock-Healthcare	1.00%	—	-25.77%
29	HCA	Hca Healthcare INC	Stock-Healthcare	0.98%	—	-7.10%
30	SYK	Stryker CORP	Stock-Healthcare	0.97%	—	+13.34%
31	IQV	Iqvia Holdings INC	Stock-Healthcare	0.96%	—	+72.90%
32	ZTS	Zoetis INC	Stock-Healthcare	0.92%	—	—
33	CRL	Charles River Laboratories	Stock-Healthcare	0.91%	—	-5.84%
34	SGENUSD	Seagen INC	Stock-Other	0.85%	—	-50.00%
35	SRPT	Sarepta Therapeutics INC	Stock-Healthcare	0.80%	—	-37.18%
36	NVO	Novo-nordisk A/s-spons Adr	Stock-Healthcare	0.78%	—	+10.29%
37	✓	Oculis Holding AG	Stock-Other	0.74%	—	—
38	MOH	Molina Healthcare INC	Stock-Healthcare	0.73%	—	—
39	JAZZ	Jazz Pharmaceuticals plc	Stock-Healthcare	0.72%	—	—
40	BMRN	Biomarin Pharmaceutical INC	Stock-Healthcare	0.72%	—	-29.76%
41	EW	Edwards Lifesciences CORP	Stock-Healthcare	0.70%	—	+10.78%
42	HUM	Humana INC	Stock-Healthcare	0.64%	—	—
43	APLSUSD	Apellis Pharmaceuticals INC	Stock-Other	0.62%	—	+28.21%
44	BAX	Baxter International INC	Stock-Healthcare	0.58%	—	+381.89%
45	EXEL	Exelixis INC	Stock-Healthcare	0.54%	—	—
46	NVS	Novartis Ag-sponsored Adr	Stock-Healthcare	0.54%	—	—
47	✓		Stock-Other	0.50%	—	+9.59%
48	PODD	Insulet CORP	Stock-Healthcare	0.49%	—	—
49	GH	Guardant Health INC	Stock-Healthcare	0.48%	—	-26.71%
50	ASND	Ascendis Pharma A/S	Stock-Other	0.48%	—	+12.12%

1–50 of 166

Portfolio Performance

Performance for Q3 2026

+10.3%

Performance Last 4 Quarters

+25.7%

Based on 60% of reported portfolio value with available pricing

Stdev: +14.5%
Beta: +0.59
Alpha: -2.1%
Max Drawdown: -15.7%
Annualized Perf: +8%
Batting Avg vs S&P: +41.7%
Sortino: +1
Stutzer: +0.18
Treynor: +0.15
Sterling: +0.38
Calmar: +0.51
Information Ratio: -0.72
Tracking Error: +13.5%
Stdev Down: +8.7%
Winning Months %: +58.3%
Losing Months %: +41.7%
Best 12 Months: +25.7%
Worst 12 Months: -11.2%
Efficiency Ratio: +0.2
Sharpe: +0.6
Stdev Sectors: 0%
Skewness: 0
Kurtosis: -0.82
Upside Potential: +2.91

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2023-06-30	166	$2.6B	0	1AMGN 2JNJ 3GILD Top holdings2023-06-30 1.AMGN 2.JNJ 3.GILD 4.REGN 5.VRTX 6.LLY 7.UNH 8.MRK 9.ABBV 10.BIIB
2023-03-31	177	$2.6B	0	1AMGN 2GILD 3REGN Top holdings2023-03-31 1.AMGN 2.GILD 3.REGN 4.JNJ 5.UNH 6.VRTX 7.LLY 8.ABBV 9.ILMN 10.PFE
2022-12-31	172	$2.6B	0	1UNH 2AMGN 3GILD Top holdings2022-12-31 1.UNH 2.AMGN 3.GILD 4.JNJ 5.LLY 6.VRTX 7.REGN 8.ABBV 9.ABT 10.PFE
2022-09-30	169	$2.4B	0	1UNH 2JNJ 3AMGN Top holdings2022-09-30 1.UNH 2.JNJ 3.AMGN 4.GILD 5.VRTX 6.LLY 7.ABT 8.REGN 9.ABBV 10.AZNN
2022-06-30	177	$2.5B	0	1UNH 2AMGN 3GILD Top holdings2022-06-30 1.UNH 2.AMGN 3.GILD 4.VRTX 5.JNJ 6.ABBV 7.REGN 8.AZNN 9.G46188 10.ABT
2022-03-31	175	$2.8B	0	1UNH 2AMGN 3REGN Top holdings2022-03-31 1.UNH 2.AMGN 3.REGN 4.G46188 5.GILD 6.JNJ 7.ABBV 8.VRTX 9.ILMN 10.ABT
2021-12-31	171	$3.1B	0	1UNH 2MRNA 3AMGN Top holdings2021-12-31 1.UNH 2.MRNA 3.AMGN 4.GILD 5.TMO 6.G46188 7.REGN 8.JNJ 9.ILMN 10.ABT
2021-09-30	172	$3.1B	0	1MRNA 2AMGN 3UNH Top holdings2021-09-30 1.MRNA 2.AMGN 3.UNH 4.GILD 5.G46188 6.REGN 7.TMO 8.JNJ 9.ILMN 10.ABT
2021-06-30	189	$3.1B	97	1UNH 2AMGN 3GILD Top holdings2021-06-30 1.UNH 2.AMGN 3.GILD 4.MRNA 5.ILMN 6.G46188 7.ABT 8.JNJ 9.VRTX 10.REGN
2021-03-31	196	$2.9B	34	1GILD 2AMGN 3JNJ Top holdings2021-03-31 1.GILD 2.AMGN 3.JNJ 4.ILMN 5.ABT 6.VRTX 7.UNH 8.G46188 9.REGN 10.BIIB
2020-12-31	200	$2.8B	44	1AMGN 2ILMN 3REGN Top holdings2020-12-31 1.AMGN 2.ILMN 3.REGN 4.JNJ 5.GILD 6.ALXN 7.UNH 8.VRTX 9.ABBV 10.MDT
2020-09-30	204	$2.7B	31	1AMGN 2REGN 3VRTX Top holdings2020-09-30 1.AMGN 2.REGN 3.VRTX 4.GILD 5.MRK 6.ILMN 7.JNJ 8.ABBV 9.SGENEUR 10.PFE
2020-06-30	222	$2.6B	29	1AMGN 2VRTX 3GILD Top holdings2020-06-30 1.AMGN 2.VRTX 3.GILD 4.REGN 5.JNJ 6.UNH 7.ILMN 8.MRK 9.BIIB 10.BMY
2020-03-31	217	$2.2B	28	1GILD 2AMGN 3VRTX Top holdings2020-03-31 1.GILD 2.AMGN 3.VRTX 4.JNJ 5.BIIB 6.REGN 7.MRK 8.ILMN 9.PFE 10.UNH
2019-12-31	214	$2.6B	32	1AMGN 2JNJ 3GILD Top holdings2019-12-31 1.AMGN 2.JNJ 3.GILD 4.MRK 5.VRTX 6.ILMN 7.BIIB 8.PFE 9.REGN 10.UNH
2019-09-30	192	$2.3B	20	1CELG 2AMGN 3GILD Top holdings2019-09-30 1.CELG 2.AMGN 3.GILD 4.JNJ 5.MRK 6.VRTX 7.PFE 8.ILMN 9.UNH 10.BIIB
2019-06-30	197	$2.5B	14	1CELG 2AMGN 3GILD Top holdings2019-06-30 1.CELG 2.AMGN 3.GILD 4.JNJ 5.VRTX 6.PFE 7.MRK 8.UNH 9.ILMN 10.BIIB
2019-03-31	194	$2.5B	25	1CELG 2AMGN 3JNJ Top holdings2019-03-31 1.CELG 2.AMGN 3.JNJ 4.GILD 5.PFE 6.MRK 7.VRTX 8.UNH 9.BIIB 10.ILMN
2018-12-31	203	$2.3B	25	1JNJ 2AMGN 3BIIB Top holdings2018-12-31 1.JNJ 2.AMGN 3.BIIB 4.GILD 5.UNH 6.CELG 7.ILMN 8.VRTX 9.PFE 10.MRK
2018-09-30	212	$2.8B	23	1GILD 2AMGN 3BIIB Top holdings2018-09-30 1.GILD 2.AMGN 3.BIIB 4.JNJ 5.CELG 6.UNH 7.ILMN 8.VRTX 9.ALXN 10.N59465
2018-06-30	180	$2.6B	19	1GILD 2AMGN 3BIIB Top holdings2018-06-30 1.GILD 2.AMGN 3.BIIB 4.JNJ 5.UNH 6.CELG 7.VRTX 8.PFE 9.ILMN 10.MRK
2018-03-31	187	$2.6B	29	1GILD 2CELG 3AMGN Top holdings2018-03-31 1.GILD 2.CELG 3.AMGN 4.JNJ 5.BIIB 6.VRTX 7.UNH 8.PFE 9.N59465 10.MRK
2017-12-31	161	$2.6B	28	1GILD 2CELG 3AMGN Top holdings2017-12-31 1.GILD 2.CELG 3.AMGN 4.BIIB 5.JNJ 6.VRTX 7.ALXN 8.MRK 9.N59465 10.UNH
2017-09-30	152	$2.8B	19	1GILD 2CELG 3BIIB Top holdings2017-09-30 1.GILD 2.CELG 3.BIIB 4.AMGN 5.VRTX 6.ALXN 7.JNJ 8.MRK 9.INCY 10.REGN
2017-06-30	144	$2.7B	18	1CELG 2GILD 3BIIB Top holdings2017-06-30 1.CELG 2.GILD 3.BIIB 4.AMGN 5.VRTX 6.JNJ 7.MRK 8.REGN 9.ALXN 10.INCY
2017-03-31	139	$2.6B	25	1GILD 2CELG 3BIIB Top holdings2017-03-31 1.GILD 2.CELG 3.BIIB 4.VRTX 5.AMGN 6.ALXN 7.INCY 8.JNJ 9.MRK 10.G0177J
2016-12-31	143	$2.3B	22	1GILD 2CELG 3BIIB Top holdings2016-12-31 1.GILD 2.CELG 3.BIIB 4.ALXN 5.G0177J 6.INCY 7.VRTX 8.MRK 9.REGN 10.ABT
2016-09-30	142	$2.6B	28	1GILD 2CELG 3BIIB Top holdings2016-09-30 1.GILD 2.CELG 3.BIIB 4.G0177J 5.ALXN 6.VRTX 7.INCY 8.MRK 9.BMRN 10.REGN
2016-06-30	156	$2.4B	25	1GILD 2CELG 3BIIB Top holdings2016-06-30 1.GILD 2.CELG 3.BIIB 4.G0177J 5.VRTX 6.ALXN 7.INCY 8.MDT 9.BMRN 10.REGN
2016-03-31	140	$2.4B	30	1GILD 2CELG 3BIIB Top holdings2016-03-31 1.GILD 2.CELG 3.BIIB 4.G0177J 5.ALXN 6.VRTX 7.INCY 8.ILMN 9.REGN 10.PFE
2015-12-31	134	$2.8B	30	1GILD 2CELG 3BIIB Top holdings2015-12-31 1.GILD 2.CELG 3.BIIB 4.VRTX 5.G0177J 6.ALXN 7.JNJ 8.INCY 9.TEVA 10.REGN
2015-09-30	160	$2.8B	38	1GILD 2CELG 3BIIB Top holdings2015-09-30 1.GILD 2.CELG 3.BIIB 4.INCY 5.VRTX 6.ALXN 7.G0177J 8.JNJ 9.N59465 10.TEVA
2015-06-30	116	$2.8B	40	1GILD 2CELG 3BIIB Top holdings2015-06-30 1.GILD 2.CELG 3.BIIB 4.N59465 5.VRTX 6.ALXN 7.G0177J 8.AMGN 9.REGN 10.INCY
2015-03-31	116	$2.5B	42	1GILD 2CELG 3BIIB Top holdings2015-03-31 1.GILD 2.CELG 3.BIIB 4.G0083B 5.ALXN 6.INCY 7.REGN 8.ABBV 9.BMRN 10.TEVA
2014-12-31	96	$2.1B	30	1CELG 2GILD 3BIIB Top holdings2014-12-31 1.CELG 2.GILD 3.BIIB 4.ALXN 5.VRTX 6.REGN 7.G0083B 8.INCY 9.AMGN 10.82481R
2014-09-30	108	$2.1B	68	1GILD 2CELG 3ALXN Top holdings2014-09-30 1.GILD 2.CELG 3.ALXN 4.VRTX 5.AMGN 6.REGN 7.G0083B 8.BIIB 9.INCY 10.PFE
2014-06-30	64	$1.1B	25	1GILD 2CELG 3BIIB Top holdings2014-06-30 1.GILD 2.CELG 3.BIIB 4.REGN 5.AMGN 6.ALXN 7.VRTX 8.G0083B 9.INCY 10.628530
2014-03-31	61	$1.0B	25	1GILD 2CELG 3REGN Top holdings2014-03-31 1.GILD 2.CELG 3.REGN 4.AMGN 5.BIIB 6.ALXN 7.G0083B 8.VRTX 9.628530 10.INCY
2013-12-31	57	$952.5M	41	1GILD 2CELG 3REGN Top holdings2013-12-31 1.GILD 2.CELG 3.REGN 4.BIIB 5.ALXN 6.AMGN 7.VRTX 8.G0083B 9.PRGO 10.IBB
2013-09-30	63	$898.8M	29	1GILD 2REGN 3CELG Top holdings2013-09-30 1.GILD 2.REGN 3.CELG 4.BIIB 5.AMGN 6.ALXN 7.VRTX 8.PRGO 9.PBYI 10.628530
2013-06-30	60	$735.4M	0	1GILD 2REGN 3CELG Top holdings2013-06-30 1.GILD 2.REGN 3.CELG 4.BIIB 5.VRTX 6.ALXN 7.PBYI 8.PRGO 9.683399 10.AMGN

Holding changes this quarter

Position changes disclosed by Tekla Capital Management LLC for the quarter ending 2023-06-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action

Filing History

Period	Filed	Type	EDGAR
2023-06-30	2023-08-10	13F-HR	View on EDGAR
2023-03-31	2023-05-10	13F-HR	View on EDGAR
2022-12-31	2023-02-10	13F-HR	View on EDGAR
2022-09-30	2022-11-01	13F-HR	View on EDGAR
2022-06-30	2022-07-29	13F-HR	View on EDGAR
2022-03-31	2022-05-13	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-12	13F-HR	View on EDGAR
2021-06-30	2021-08-13	13F-HR	View on EDGAR
2021-03-31	2021-05-14	13F-HR	View on EDGAR
2020-12-31	2021-02-12	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR
2020-06-30	2020-08-13	13F-HR	View on EDGAR
2020-03-31	2020-05-14	13F-HR	View on EDGAR
2019-12-31	2020-02-13	13F-HR	View on EDGAR
2019-09-30	2019-11-13	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-14	13F-HR	View on EDGAR
2018-12-31	2019-02-13	13F-HR	View on EDGAR
2018-09-30	2018-11-13	13F-HR	View on EDGAR
2018-06-30	2018-08-13	13F-HR	View on EDGAR
2018-03-31	2018-05-14	13F-HR	View on EDGAR
2017-12-31	2018-02-14	13F-HR	View on EDGAR
2017-09-30	2017-11-13	13F-HR	View on EDGAR
2017-06-30	2017-08-14	13F-HR	View on EDGAR
2017-03-31	2017-05-12	13F-HR	View on EDGAR
2016-12-31	2017-02-13	13F-HR	View on EDGAR
2016-09-30	2016-11-14	13F-HR	View on EDGAR
2016-06-30	2016-08-12	13F-HR	View on EDGAR
2016-03-31	2016-05-09	13F-HR	View on EDGAR
2015-12-31	2016-02-09	13F-HR	View on EDGAR
2015-09-30	2015-11-13	13F-HR	View on EDGAR
2015-06-30	2015-08-12	13F-HR	View on EDGAR
2015-03-31	2015-05-06	13F-HR	View on EDGAR
2014-12-31	2015-01-30	13F-HR	View on EDGAR
2014-09-30	2014-11-14	13F-HR	View on EDGAR
2014-06-30	2014-08-05	13F-HR	View on EDGAR
2014-03-31	2014-05-13	13F-HR	View on EDGAR
2013-12-31	2014-01-28	13F-HR	View on EDGAR
2013-09-30	2013-10-30	13F-HR	View on EDGAR
2013-06-30	2013-07-31	13F-HR	View on EDGAR

FAQ

What is Tekla Capital Management LLC and what type of investor is it?

Tekla Capital Management LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2023-06-30), the firm manages a tracked equity portfolio valued at approximately $2.6B, spread across 166 disclosed positions.

What are Tekla Capital Management LLC's largest equity positions?

Based on the latest 13F filing, Tekla Capital Management LLC's top holdings by market value are: 1. Amgen INC (AMGN) — $136.9M (5.4%) 2. Johnson & Johnson (JNJ) — $119.5M (4.7%) 3. Gilead Sciences INC (GILD) — $118.2M (4.6%) 4. Regeneron Pharmaceuticals (REGN) — $116.0M (4.5%) 5. Vertex Pharmaceuticals INC (VRTX) — $111.9M (4.4%)

What changes did Tekla Capital Management LLC make in its most recent portfolio filing?

No notable portfolio changes were recorded for Tekla Capital Management LLC in the most recent quarter. Holdings appear to have remained relatively stable.

What sectors does Tekla Capital Management LLC focus on?

Tekla Capital Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Health Care: 100.0%

Peer Institutions

Institutions with a similar AUM

Electron Capital Partners, LLC

CIK 0001586986

Total reported value

$2.6B

46 stks

2026-03-31

Concentration21.9

Portfolio Stability77.6

Sector conviction94.3

AUM within 0.0% of this institution

View detail

Y.D. More Investments Ltd

CIK 0001870364

Total reported value

$2.6B

574 stks

2026-03-31

Concentration28.3

Portfolio Stability38.3

Sector conviction89.2

AUM within 0.1% of this institution

View detail

Heritage Wealth Advisors

CIK 0001591122

Total reported value

$2.6B

692 stks

2026-03-31

Concentration29.4

Portfolio Stability34.0

Sector conviction41.9

AUM within 0.2% of this institution

View detail

Similar Holdings Style

Institutions with overlapping top holdings

Virtus Investment Advisers, LLC

CIK 0000019481

Total reported value

$362.5M

450 stks

2026-03-31

Concentration1.6

Portfolio Stability56.4

Sector conviction44.1

4 of the top 5 holdings overlap, including Gilead Sciences INC

View detail

Bellevue Asset Management AG

CIK 0001642343

Total reported value

$656.3M

127 stks

2015-12-31

Stale — no recent filing

Concentration6.8

Portfolio Stability29.5

Sector conviction100.0

3 of the top 5 holdings overlap, including Gilead Sciences INC

View detail

Bellevue Group AG

CIK 0001674546

Total reported value

$4.2B

167 stks

2026-03-31

Concentration11.1

Portfolio Stability66.6

Sector conviction100.0

3 of the top 5 holdings overlap, including Vertex Pharmaceuticals INC

View detail

Tekla Capital Management LLC — 13F Filing Insights

CIK: 0001300336

Diversified strategySector-focusedLong-term holder

Total reported value

$2.6B

Reporting period: 2023-06-30 · Number of holdings: 166

Tekla Capital Management LLC disclosed 166 holdings in its latest 13F filing for the period ending 2023-06-30, with total reported value of $2.6B and a quarterly turnover rate of 0.0%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "T"

Personality snowflake

Concentration: 0
Portfolio Stability: 0
Momentum/Contrarian: 50
Sector conviction: 100
Diversification: 100
Sizing Uniformity: —

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

No holding changes this quarter

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	AMGN	Amgen INC	Stock-Healthcare	5.36%	—	+10.90%
2	JNJ	Johnson & Johnson	Stock-Healthcare	4.68%	—	—
3	GILD	Gilead Sciences INC	Stock-Healthcare	4.63%	—	-1.67%
4	REGN	Regeneron Pharmaceuticals	Stock-Healthcare	4.54%	—	+12.84%
5	VRTX	Vertex Pharmaceuticals INC	Stock-Healthcare	4.38%	—	-3.72%
6	LLY	Eli Lilly & Co	Stock-Healthcare	3.92%	—	-26.15%
7	UNH	Unitedhealth Group INC	Stock-Healthcare	3.89%	—	-11.62%
8	MRK	Merck & Co. INC.	Stock-Healthcare	3.29%	—	+31.88%
9	ABBV	Abbvie INC	Stock-Healthcare	2.88%	—	+6.65%
10	BIIB	Biogen INC	Stock-Healthcare	2.76%	—	+2.91%
11	AZNN	Astrazeneca Plc-spons Adr	Stock-Other	2.74%	—	-1.61%
12	ILMN	Illumina INC	Stock-Healthcare	2.47%	—	-3.19%
13	ABT	Abbott Laboratories	Stock-Healthcare	2.36%	—	-11.45%
14	PFE	Pfizer INC	Stock-Healthcare	2.33%	—	-8.48%
15	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	2.02%	—	+5.64%
16	ELV	Elevance Health INC	Stock-Healthcare	1.98%	—	—
17	MRNA	Moderna INC	Stock-Healthcare	1.63%	—	+6.67%
18	BSX	Boston Scientific CORP	Stock-Healthcare	1.39%	—	+16.22%
19	DHR	Danaher CORP	Stock-Healthcare	1.34%	—	+35.12%
20	MDT	Medtronic plc	Stock-Healthcare	1.19%	—	-0.03%
21	IDXX	Idexx Laboratories INC	Stock-Healthcare	1.15%	—	—
22	DXCM	Dexcom INC	Stock-Healthcare	1.15%	—	—
23	BMY	Bristol-myers Squibb Co	Stock-Healthcare	1.15%	—	-30.93%
24	ISRG	Intuitive Surgical INC	Stock-Healthcare	1.12%	—	-25.47%
25	ALNY	Alnylam Pharmaceuticals INC	Stock-Healthcare	1.06%	—	—
26	CI	THE Cigna Group	Stock-Healthcare	1.06%	—	-47.25%
27	MCK	Mckesson CORP	Stock-Healthcare	1.04%	—	-6.77%
28	ARGX	Argenx Se - Adr	Stock-Healthcare	1.00%	—	-25.77%
29	HCA	Hca Healthcare INC	Stock-Healthcare	0.98%	—	-7.10%
30	SYK	Stryker CORP	Stock-Healthcare	0.97%	—	+13.34%
31	IQV	Iqvia Holdings INC	Stock-Healthcare	0.96%	—	+72.90%
32	ZTS	Zoetis INC	Stock-Healthcare	0.92%	—	—
33	CRL	Charles River Laboratories	Stock-Healthcare	0.91%	—	-5.84%
34	SGENUSD	Seagen INC	Stock-Other	0.85%	—	-50.00%
35	SRPT	Sarepta Therapeutics INC	Stock-Healthcare	0.80%	—	-37.18%
36	NVO	Novo-nordisk A/s-spons Adr	Stock-Healthcare	0.78%	—	+10.29%
37	✓	Oculis Holding AG	Stock-Other	0.74%	—	—
38	MOH	Molina Healthcare INC	Stock-Healthcare	0.73%	—	—
39	JAZZ	Jazz Pharmaceuticals plc	Stock-Healthcare	0.72%	—	—
40	BMRN	Biomarin Pharmaceutical INC	Stock-Healthcare	0.72%	—	-29.76%
41	EW	Edwards Lifesciences CORP	Stock-Healthcare	0.70%	—	+10.78%
42	HUM	Humana INC	Stock-Healthcare	0.64%	—	—
43	APLSUSD	Apellis Pharmaceuticals INC	Stock-Other	0.62%	—	+28.21%
44	BAX	Baxter International INC	Stock-Healthcare	0.58%	—	+381.89%
45	EXEL	Exelixis INC	Stock-Healthcare	0.54%	—	—
46	NVS	Novartis Ag-sponsored Adr	Stock-Healthcare	0.54%	—	—
47	✓		Stock-Other	0.50%	—	+9.59%
48	PODD	Insulet CORP	Stock-Healthcare	0.49%	—	—
49	GH	Guardant Health INC	Stock-Healthcare	0.48%	—	-26.71%
50	ASND	Ascendis Pharma A/S	Stock-Other	0.48%	—	+12.12%

1–50 of 166

Portfolio Performance

Performance for Q3 2026

+10.3%

Performance Last 4 Quarters

+25.7%

Based on 60% of reported portfolio value with available pricing

Stdev: +14.5%
Beta: +0.59
Alpha: -2.1%
Max Drawdown: -15.7%
Annualized Perf: +8%
Batting Avg vs S&P: +41.7%
Sortino: +1
Stutzer: +0.18
Treynor: +0.15
Sterling: +0.38
Calmar: +0.51
Information Ratio: -0.72
Tracking Error: +13.5%
Stdev Down: +8.7%
Winning Months %: +58.3%
Losing Months %: +41.7%
Best 12 Months: +25.7%
Worst 12 Months: -11.2%
Efficiency Ratio: +0.2
Sharpe: +0.6
Stdev Sectors: 0%
Skewness: 0
Kurtosis: -0.82
Upside Potential: +2.91

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2023-06-30	166	$2.6B	0	1AMGN 2JNJ 3GILD Top holdings2023-06-30 1.AMGN 2.JNJ 3.GILD 4.REGN 5.VRTX 6.LLY 7.UNH 8.MRK 9.ABBV 10.BIIB
2023-03-31	177	$2.6B	0	1AMGN 2GILD 3REGN Top holdings2023-03-31 1.AMGN 2.GILD 3.REGN 4.JNJ 5.UNH 6.VRTX 7.LLY 8.ABBV 9.ILMN 10.PFE
2022-12-31	172	$2.6B	0	1UNH 2AMGN 3GILD Top holdings2022-12-31 1.UNH 2.AMGN 3.GILD 4.JNJ 5.LLY 6.VRTX 7.REGN 8.ABBV 9.ABT 10.PFE
2022-09-30	169	$2.4B	0	1UNH 2JNJ 3AMGN Top holdings2022-09-30 1.UNH 2.JNJ 3.AMGN 4.GILD 5.VRTX 6.LLY 7.ABT 8.REGN 9.ABBV 10.AZNN
2022-06-30	177	$2.5B	0	1UNH 2AMGN 3GILD Top holdings2022-06-30 1.UNH 2.AMGN 3.GILD 4.VRTX 5.JNJ 6.ABBV 7.REGN 8.AZNN 9.G46188 10.ABT
2022-03-31	175	$2.8B	0	1UNH 2AMGN 3REGN Top holdings2022-03-31 1.UNH 2.AMGN 3.REGN 4.G46188 5.GILD 6.JNJ 7.ABBV 8.VRTX 9.ILMN 10.ABT
2021-12-31	171	$3.1B	0	1UNH 2MRNA 3AMGN Top holdings2021-12-31 1.UNH 2.MRNA 3.AMGN 4.GILD 5.TMO 6.G46188 7.REGN 8.JNJ 9.ILMN 10.ABT
2021-09-30	172	$3.1B	0	1MRNA 2AMGN 3UNH Top holdings2021-09-30 1.MRNA 2.AMGN 3.UNH 4.GILD 5.G46188 6.REGN 7.TMO 8.JNJ 9.ILMN 10.ABT
2021-06-30	189	$3.1B	97	1UNH 2AMGN 3GILD Top holdings2021-06-30 1.UNH 2.AMGN 3.GILD 4.MRNA 5.ILMN 6.G46188 7.ABT 8.JNJ 9.VRTX 10.REGN
2021-03-31	196	$2.9B	34	1GILD 2AMGN 3JNJ Top holdings2021-03-31 1.GILD 2.AMGN 3.JNJ 4.ILMN 5.ABT 6.VRTX 7.UNH 8.G46188 9.REGN 10.BIIB
2020-12-31	200	$2.8B	44	1AMGN 2ILMN 3REGN Top holdings2020-12-31 1.AMGN 2.ILMN 3.REGN 4.JNJ 5.GILD 6.ALXN 7.UNH 8.VRTX 9.ABBV 10.MDT
2020-09-30	204	$2.7B	31	1AMGN 2REGN 3VRTX Top holdings2020-09-30 1.AMGN 2.REGN 3.VRTX 4.GILD 5.MRK 6.ILMN 7.JNJ 8.ABBV 9.SGENEUR 10.PFE
2020-06-30	222	$2.6B	29	1AMGN 2VRTX 3GILD Top holdings2020-06-30 1.AMGN 2.VRTX 3.GILD 4.REGN 5.JNJ 6.UNH 7.ILMN 8.MRK 9.BIIB 10.BMY
2020-03-31	217	$2.2B	28	1GILD 2AMGN 3VRTX Top holdings2020-03-31 1.GILD 2.AMGN 3.VRTX 4.JNJ 5.BIIB 6.REGN 7.MRK 8.ILMN 9.PFE 10.UNH
2019-12-31	214	$2.6B	32	1AMGN 2JNJ 3GILD Top holdings2019-12-31 1.AMGN 2.JNJ 3.GILD 4.MRK 5.VRTX 6.ILMN 7.BIIB 8.PFE 9.REGN 10.UNH
2019-09-30	192	$2.3B	20	1CELG 2AMGN 3GILD Top holdings2019-09-30 1.CELG 2.AMGN 3.GILD 4.JNJ 5.MRK 6.VRTX 7.PFE 8.ILMN 9.UNH 10.BIIB
2019-06-30	197	$2.5B	14	1CELG 2AMGN 3GILD Top holdings2019-06-30 1.CELG 2.AMGN 3.GILD 4.JNJ 5.VRTX 6.PFE 7.MRK 8.UNH 9.ILMN 10.BIIB
2019-03-31	194	$2.5B	25	1CELG 2AMGN 3JNJ Top holdings2019-03-31 1.CELG 2.AMGN 3.JNJ 4.GILD 5.PFE 6.MRK 7.VRTX 8.UNH 9.BIIB 10.ILMN
2018-12-31	203	$2.3B	25	1JNJ 2AMGN 3BIIB Top holdings2018-12-31 1.JNJ 2.AMGN 3.BIIB 4.GILD 5.UNH 6.CELG 7.ILMN 8.VRTX 9.PFE 10.MRK
2018-09-30	212	$2.8B	23	1GILD 2AMGN 3BIIB Top holdings2018-09-30 1.GILD 2.AMGN 3.BIIB 4.JNJ 5.CELG 6.UNH 7.ILMN 8.VRTX 9.ALXN 10.N59465
2018-06-30	180	$2.6B	19	1GILD 2AMGN 3BIIB Top holdings2018-06-30 1.GILD 2.AMGN 3.BIIB 4.JNJ 5.UNH 6.CELG 7.VRTX 8.PFE 9.ILMN 10.MRK
2018-03-31	187	$2.6B	29	1GILD 2CELG 3AMGN Top holdings2018-03-31 1.GILD 2.CELG 3.AMGN 4.JNJ 5.BIIB 6.VRTX 7.UNH 8.PFE 9.N59465 10.MRK
2017-12-31	161	$2.6B	28	1GILD 2CELG 3AMGN Top holdings2017-12-31 1.GILD 2.CELG 3.AMGN 4.BIIB 5.JNJ 6.VRTX 7.ALXN 8.MRK 9.N59465 10.UNH
2017-09-30	152	$2.8B	19	1GILD 2CELG 3BIIB Top holdings2017-09-30 1.GILD 2.CELG 3.BIIB 4.AMGN 5.VRTX 6.ALXN 7.JNJ 8.MRK 9.INCY 10.REGN
2017-06-30	144	$2.7B	18	1CELG 2GILD 3BIIB Top holdings2017-06-30 1.CELG 2.GILD 3.BIIB 4.AMGN 5.VRTX 6.JNJ 7.MRK 8.REGN 9.ALXN 10.INCY
2017-03-31	139	$2.6B	25	1GILD 2CELG 3BIIB Top holdings2017-03-31 1.GILD 2.CELG 3.BIIB 4.VRTX 5.AMGN 6.ALXN 7.INCY 8.JNJ 9.MRK 10.G0177J
2016-12-31	143	$2.3B	22	1GILD 2CELG 3BIIB Top holdings2016-12-31 1.GILD 2.CELG 3.BIIB 4.ALXN 5.G0177J 6.INCY 7.VRTX 8.MRK 9.REGN 10.ABT
2016-09-30	142	$2.6B	28	1GILD 2CELG 3BIIB Top holdings2016-09-30 1.GILD 2.CELG 3.BIIB 4.G0177J 5.ALXN 6.VRTX 7.INCY 8.MRK 9.BMRN 10.REGN
2016-06-30	156	$2.4B	25	1GILD 2CELG 3BIIB Top holdings2016-06-30 1.GILD 2.CELG 3.BIIB 4.G0177J 5.VRTX 6.ALXN 7.INCY 8.MDT 9.BMRN 10.REGN
2016-03-31	140	$2.4B	30	1GILD 2CELG 3BIIB Top holdings2016-03-31 1.GILD 2.CELG 3.BIIB 4.G0177J 5.ALXN 6.VRTX 7.INCY 8.ILMN 9.REGN 10.PFE
2015-12-31	134	$2.8B	30	1GILD 2CELG 3BIIB Top holdings2015-12-31 1.GILD 2.CELG 3.BIIB 4.VRTX 5.G0177J 6.ALXN 7.JNJ 8.INCY 9.TEVA 10.REGN
2015-09-30	160	$2.8B	38	1GILD 2CELG 3BIIB Top holdings2015-09-30 1.GILD 2.CELG 3.BIIB 4.INCY 5.VRTX 6.ALXN 7.G0177J 8.JNJ 9.N59465 10.TEVA
2015-06-30	116	$2.8B	40	1GILD 2CELG 3BIIB Top holdings2015-06-30 1.GILD 2.CELG 3.BIIB 4.N59465 5.VRTX 6.ALXN 7.G0177J 8.AMGN 9.REGN 10.INCY
2015-03-31	116	$2.5B	42	1GILD 2CELG 3BIIB Top holdings2015-03-31 1.GILD 2.CELG 3.BIIB 4.G0083B 5.ALXN 6.INCY 7.REGN 8.ABBV 9.BMRN 10.TEVA
2014-12-31	96	$2.1B	30	1CELG 2GILD 3BIIB Top holdings2014-12-31 1.CELG 2.GILD 3.BIIB 4.ALXN 5.VRTX 6.REGN 7.G0083B 8.INCY 9.AMGN 10.82481R
2014-09-30	108	$2.1B	68	1GILD 2CELG 3ALXN Top holdings2014-09-30 1.GILD 2.CELG 3.ALXN 4.VRTX 5.AMGN 6.REGN 7.G0083B 8.BIIB 9.INCY 10.PFE
2014-06-30	64	$1.1B	25	1GILD 2CELG 3BIIB Top holdings2014-06-30 1.GILD 2.CELG 3.BIIB 4.REGN 5.AMGN 6.ALXN 7.VRTX 8.G0083B 9.INCY 10.628530
2014-03-31	61	$1.0B	25	1GILD 2CELG 3REGN Top holdings2014-03-31 1.GILD 2.CELG 3.REGN 4.AMGN 5.BIIB 6.ALXN 7.G0083B 8.VRTX 9.628530 10.INCY
2013-12-31	57	$952.5M	41	1GILD 2CELG 3REGN Top holdings2013-12-31 1.GILD 2.CELG 3.REGN 4.BIIB 5.ALXN 6.AMGN 7.VRTX 8.G0083B 9.PRGO 10.IBB
2013-09-30	63	$898.8M	29	1GILD 2REGN 3CELG Top holdings2013-09-30 1.GILD 2.REGN 3.CELG 4.BIIB 5.AMGN 6.ALXN 7.VRTX 8.PRGO 9.PBYI 10.628530
2013-06-30	60	$735.4M	0	1GILD 2REGN 3CELG Top holdings2013-06-30 1.GILD 2.REGN 3.CELG 4.BIIB 5.VRTX 6.ALXN 7.PBYI 8.PRGO 9.683399 10.AMGN

Holding changes this quarter

Position changes disclosed by Tekla Capital Management LLC for the quarter ending 2023-06-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action

Filing History

Period	Filed	Type	EDGAR
2023-06-30	2023-08-10	13F-HR	View on EDGAR
2023-03-31	2023-05-10	13F-HR	View on EDGAR
2022-12-31	2023-02-10	13F-HR	View on EDGAR
2022-09-30	2022-11-01	13F-HR	View on EDGAR
2022-06-30	2022-07-29	13F-HR	View on EDGAR
2022-03-31	2022-05-13	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-12	13F-HR	View on EDGAR
2021-06-30	2021-08-13	13F-HR	View on EDGAR
2021-03-31	2021-05-14	13F-HR	View on EDGAR
2020-12-31	2021-02-12	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR
2020-06-30	2020-08-13	13F-HR	View on EDGAR
2020-03-31	2020-05-14	13F-HR	View on EDGAR
2019-12-31	2020-02-13	13F-HR	View on EDGAR
2019-09-30	2019-11-13	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-14	13F-HR	View on EDGAR
2018-12-31	2019-02-13	13F-HR	View on EDGAR
2018-09-30	2018-11-13	13F-HR	View on EDGAR
2018-06-30	2018-08-13	13F-HR	View on EDGAR
2018-03-31	2018-05-14	13F-HR	View on EDGAR
2017-12-31	2018-02-14	13F-HR	View on EDGAR
2017-09-30	2017-11-13	13F-HR	View on EDGAR
2017-06-30	2017-08-14	13F-HR	View on EDGAR
2017-03-31	2017-05-12	13F-HR	View on EDGAR
2016-12-31	2017-02-13	13F-HR	View on EDGAR
2016-09-30	2016-11-14	13F-HR	View on EDGAR
2016-06-30	2016-08-12	13F-HR	View on EDGAR
2016-03-31	2016-05-09	13F-HR	View on EDGAR
2015-12-31	2016-02-09	13F-HR	View on EDGAR
2015-09-30	2015-11-13	13F-HR	View on EDGAR
2015-06-30	2015-08-12	13F-HR	View on EDGAR
2015-03-31	2015-05-06	13F-HR	View on EDGAR
2014-12-31	2015-01-30	13F-HR	View on EDGAR
2014-09-30	2014-11-14	13F-HR	View on EDGAR
2014-06-30	2014-08-05	13F-HR	View on EDGAR
2014-03-31	2014-05-13	13F-HR	View on EDGAR
2013-12-31	2014-01-28	13F-HR	View on EDGAR
2013-09-30	2013-10-30	13F-HR	View on EDGAR
2013-06-30	2013-07-31	13F-HR	View on EDGAR

FAQ

What is Tekla Capital Management LLC and what type of investor is it?

What are Tekla Capital Management LLC's largest equity positions?

What changes did Tekla Capital Management LLC make in its most recent portfolio filing?

No notable portfolio changes were recorded for Tekla Capital Management LLC in the most recent quarter. Holdings appear to have remained relatively stable.

What sectors does Tekla Capital Management LLC focus on?

Tekla Capital Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Health Care: 100.0%