13F

Investor

BAKER BROS. ADVISORS LP

CIK 0001263508 · filed 2026-05-15 · SEC filing

13F book

$17.4B

Positions

84

7 new · 9 sold

Largest name

16.6%

Incyte Corp · INCY

Est. mark

−$56.5M

Price effect on 77 names still held. Flow $393.5M.
NameTickerSharesValueWeightEst. markChange
Incyte CorpINCY30.7M$2.89B16.6%−$143MAdded−$142.9M
Beone Medicines Ltd8.8M$2.61B15.0%−$60.2MHeld
Insmed IncINSM7.42M$1.21B7.0%−$69.4MAdded$66.1M
Madrigal Pharmaceuticals, Inc.MDGL2.14M$1.12B6.4%−$126.1MHeld
Acadia Pharmaceuticals IncACAD42.9M$954.9M5.5%−$190.9MHeld
Revolution Medicines Inc9.56M$929.3M5.3%$166.4MAdded$176.1M
Celcuity Inc.CELC7.92M$903.5M5.2%$114MHeld
Kodiak Sciences Inc.KOD19.9M$759.3M4.4%$202.4MHeld
Kymera Therapeutics, Inc.KYMR8.66M$721.1M4.1%$47.4MHeld
Summit Therapeutics Inc.SMMT36.4M$690M4.0%$53.5MHeld
Praxis Precision Medicines I1.75M$564.9M3.2%$30.9MAdded$232.8M
Rhythm Pharmaceuticals, Inc.RYTM5.6M$487.4M2.8%−$112.5MHeld
Alkermes plc.ALKS10M$354M2.0%$73.9MHeld
GRAIL, Inc.GRAL4.03M$208.2M1.2%−$70.7MAdded$29.7M
Edgewise Therapeutics, Inc.EWTX6.58M$207.1M1.2%$44MHeld
Ionis Pharmaceuticals IncIONS2.05M$153.8M0.9%−$7.2MAdded$12M
Kiniksa Pharmaceuticals Intl2.83M$136.1M0.8%$19.5MHeld
Immunovant, Inc.IMVT5.46M$135.6M0.8%−$3.17MHeld
Roivant Sciences Ltd.ROIV4.87M$134.8M0.8%$29.2MCut$14.3M
IDEAYA Biosciences, Inc.IDYA3.95M$131.5M0.8%−$4.52MAdded$6.4M
Arrowhead Pharmaceuticals In1.99M$124.9M0.7%−$7.35MCut−$19.5M
Stoke Therapeutics, Inc.STOK3.34M$108.6M0.6%$2.74MHeld
Immatics N.V.IMTX10.9M$107.4M0.6%−$7.21MCut−$19.6M
AbCellera Biologics Inc.ABCL30.3M$105.7M0.6%$1.93MAdded$11.5M
Abivax Sa875.8K$97.5M0.6%−$20.6MHeld
Crinetics Pharmaceuticals In2.35M$85.4M0.5%−$16.9MAdded$8.65M
Replimune Group, Inc.REPL11M$84.5M0.5%−$22.9MHeld
Celcuity Inc.CELC30.8M$74.9M0.4%$8.29MHeld
Nurix Therapeutics, Inc.NRIX4.66M$72.2M0.4%−$16.2MHeld
Denali Therapeutics Inc.DNLI3.73M$71.6M0.4%$10MHeld
Dianthus Therapeutics Inc852.2K$71.5M0.4%$33.7MAdded$39M
Monte Rosa Therapeutics, Inc.GLUE4.35M$71.5M0.4%$3.35MHeld
Structure Therapeutics Inc.GPCR1.43M$69M0.4%−$30.6MHeld
Entrada Therapeutics, Inc.TRDA5.07M$64M0.4%$11.9MHeld
Bicycle Therapeutics PlcBCYC10.9M$50.5M0.3%−$26.6MHeld
Spyre Therapeutics, Inc.SYRE1M$50.4M0.3%$17.7MHeld
Rapport Therapeutics, Inc.RAPP1.55M$48.4M0.3%$1.47MHeld
Alumis Inc.ALMS2.01M$44.3M0.3%$19.2MAdded$29.1M
Mirum Pharmaceuticals, Inc.MIRM446K$41.2M0.2%New
Viridian Therapeutics Inc1.97M$38.6M0.2%−$22.8MHeld
Enliven Therapeutics, Inc.ELVN905.2K$35.5M0.2%$6.46MAdded$31.3M
Prelude Therapeutics IncPRLD10.1M$34.6M0.2%$5.26MHeld
Dbv Technologies S A1.46M$30.5M0.2%$2.51MHeld
Design Therapeutics, Inc.DSGN2.59M$27.5M0.2%$2.81MAdded$6.57M
Centessa Pharmaceuticals Plc670.8K$26.6M0.2%$9.87MHeld
CytomX Therapeutics, Inc.CTMX4.98M$23.4M0.1%$1.87MAdded$5.28M
Jade Biosciences, Inc.JBIO1.64M$23.1M0.1%−$2.26MHeld
Disc Medicine, Inc.IRON349.7K$22.4M0.1%−$5.21MAdded−$4.41M
Immunocore Hldgs Plc734.4K$22.1M0.1%−$3.35MCut−$58.5M
Xenon Pharmaceuticals Inc.XENE370.2K$21.5M0.1%$4.93MHeld
Celldex Therapeutics Inc New665.4K$21.1M0.1%$3.03MHeld
Neurogene Inc.NGNE991.7K$20M0.1%−$436.3KHeld
Evommune, Inc.EVMN847.4K$19.5M0.1%New
Tectonic Therapeutic, Inc.TECX607.8K$18.8M0.1%$6.11MCut−$58.2K
Contineum Therapeutics, Inc.CTNM1.42M$18.6M0.1%$2.32MHeld
Argenx SEARGX25.2K$18.4M0.1%−$2.79MHeld
Cerus CorpCERS10M$18.2M0.1%−$2.4MHeld
Taysha Gene Therapies, Inc.TSHA4M$17.9M0.1%−$4.12MHeld
Aktis Oncology, Inc.AKTS996.4K$17.8M0.1%New
Generate Biomedicines, Inc.GENB1.42M$17.8M0.1%New
Sionna Therapeutics, Inc.SION400K$16M0.1%−$420KHeld
Dyne Therapeutics, Inc.DYN813.4K$14.7M0.1%−$1.16MHeld
Xencor IncXNCR1.1M$13.3M0.1%−$3.58MHeld
Compass Pathways PlcCMPS2.34M$13M0.1%New
Relay Therapeutics, Inc.RLAY1.16M$11.5M0.1%$1.73MHeld
Sera Prognostics, Inc.SERA5.5M$11.2M0.1%−$5.06MHeld
Biontech SeBNTX119.7K$10.6M0.1%−$756.8KCut−$24.5M
Pharvaris N.V.PHVS375K$10.6M0.1%$187.5KHeld
Arcus Biosciences, Inc.RCUS415.6K$8.98M0.1%−$602.1KAdded$2.54M
MapLight Therapeutics, Inc.MPLT364.7K$7.41M0.0%$1.01MHeld
Absci CorpABSI2.13M$6.4M0.0%−$1.05MHeld
Wave Life Sciences Ltd.WVE822.6K$5.96M0.0%−$3.35MAdded$115.1K
vTv Therapeutics Inc.VTVT148.3K$5.88M0.0%−$48.9KHeld
Eikon Therapeutics, Inc.EIKN555.6K$5.88M0.0%New
Protara Therapeutics, Inc.TARA971.6K$5.06M0.0%−$116.6KHeld
Sagimet Biosciences Inc.SGMT953K$4.98M0.0%−$662.3KHeld
Lb Pharmaceuticals IncLBRX200K$4.93M0.0%$480KHeld
Verastem, Inc.VSTM584.8K$3.1M0.0%New
TScan Therapeutics, Inc.TCRX2.78M$2.81M0.0%$27.8KHeld
Skye Bioscience, Inc.SKYE1.58M$968.1K0.0%−$196KAdded−$119.4K
Sana Biotechnology, Inc.SANA310.5K$894.2K0.0%−$369.5KHeld
Aligos Therapeutics, Inc.ALGS83.1K$617.1K0.0%−$157KHeld
Tyra Biosciences, Inc.TYRA10.6K$406.2K0.0%$127.4KHeld
Surrozen Inc833.3K$13.3K0.0%−$3.33KHeld

Positions as of Q1 2026. 13F filings arrive up to 45 days after quarter-end and omit shorts. Values are quarter-end marks, as filed. Estimated mark is the price effect on shares still held — not realized P&L or investment advice.