Bellevue Group AG

CIK 1674546 · View on SEC EDGAR ↗

Portfolio value
$2.6B
#1,283 of 9,443 by 13F value · top 13.6%
Positions
148
As of
June 30, 2026

Portfolio value QoQ: +4.0% 13F does not disclose cash

Top 10 holdings weight
45.34%
Top 25 holdings weight
72.29%
Positions above 1%
28
Effective number of positions
30.6

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 14.93% Est. buys $380,683,395 · sells $523,634,566

Median holding: 4.0 quarters Tracked Q1 2025–Q2 2026 · 61.9% still held

New positions
17
Increased
42
Decreased
64
Closed
23
On this page

Performance vs S&P 500

Tracked Q1 2025–Q2 2026
+9.4%
S&P 500 total return (same window)
+37.0%
Excess return
-27.6%

Annualized: +7.4% · S&P 500: +28.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 99.2% · Options excluded: 0.0%

Sector breakdown

Healthcare
95.4%
Technology
0.0%
Consumer products
0.0%
Communication Services
0.0%
Retail
0.0%
Other/Unmapped
4.5%

Full portfolio 148 positions

Type Streak 8Q trend
ARGX argenx SE - American Depositary Shares $279,258,770 10.74% 301,000 $50,690,520 Down ×1
ORKA Oruka Therapeutics, Inc. - Common Stock $157,714,772 6.07% 1,657,190 $132,846,030 Up ×1
NUVL Nuvalent, Inc. - Class A Common Stock $130,078,598 5.00% 1,053,268 $22,171,291
ISRG Intuitive Surgical, Inc. - Common Stock $101,332,443 3.90% 254,809 $-30,812,184 Down ×5
CRNX Crinetics Pharmaceuticals, Inc. - Common Stock $98,040,400 3.77% 2,620,000 $-21,089,200 Down ×1
IMCR Immunocore Holdings plc - American Depositary Shares $88,526,779 3.40% 2,788,245 $4,203,169 Down ×1
ABT Abbott Laboratories Common Stock $85,941,215 3.31% 947,115 $-32,297,150 Down ×4
SYK Stryker Corporation Common Stock $84,522,261 3.25% 268,461 $13,140,355 Up ×1
MDT Medtronic plc. Ordinary Shares $77,778,848 2.99% 994,233 $-5,173,710 Up ×3
ELVN Enliven Therapeutics, Inc. - Common Stock $75,617,500 2.91% 1,490,000 $-15,360,486 Down ×1
JBIO Jade Biosciences, Inc. - Common Stock $67,948,671 2.61% 3,057,996 $18,752,568 Down ×1
EW Edwards Lifesciences Corporation Common Stock $66,871,108 2.57% 739,234 $-352,128 Down ×2
RARE Ultragenyx Pharmaceutical Inc. - Common Stock $66,204,857 2.55% 1,982,775 $16,343,857 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $61,981,655 2.38% 149,127 $21,879,405 Up ×1
DXCM DexCom, Inc. - Common Stock $55,394,634 2.13% 822,489 $5,860,129 Up ×1
CLDX Celldex Therapeutics, Inc. - Common Stock $44,652,000 1.72% 1,200,000 $6,588,000
Unknown issuer (CUSIP: 05348Y105) $44,442,000 1.71% 1,350,000 Up ×1
GLTO Galecto, Inc. - Common Stock $42,106,184 1.62% 1,618,846 $-17,412,016 Down ×1
IRON Disc Medicine, Inc. - Common Stock $40,958,400 1.58% 560,000 $11,589,863 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $40,016,550 1.54% 79,816 $8,356,120 Up ×2
BSX Boston Scientific Corporation Common Stock $37,884,902 1.46% 887,650 $-54,162,697 Down ×5
LLY Eli Lilly and Company Common Stock $35,841,367 1.38% 29,882 $4,631,731 Down ×5
CGON CG Oncology, Inc. - Common stock $35,069,996 1.35% 493,596
IDXX IDEXX Laboratories, Inc. - Common Stock $32,523,463 1.25% 61,780 $-17,558,355 Down ×2
RMD ResMed Inc. Common Stock $28,880,242 1.11% 148,195 $-6,889,748 Down ×4
GLUE Monte Rosa Therapeutics, Inc. - Common Stock $28,798,000 1.11% 1,190,000 $8,235,500 Down ×1
DHR Danaher Corporation Common Stock $27,399,405 1.05% 143,844 $-10,930,889 Down ×1
JNJ Johnson & Johnson Common Stock $26,230,022 1.01% 103,280 $-2,883,271 Down ×2
Unknown issuer (CUSIP: 81221K108) $23,892,000 0.92% 1,100,000 Up ×1
PVLA Palvella Therapeutics, Inc. - Common Stock $23,687,100 0.91% 155,000 Up ×1
ALGN Align Technology, Inc. - Common Stock $23,558,429 0.91% 139,680 $-386,913
ANNX Annexon, Inc. - common stock $23,411,091 0.90% 4,100,016 $-5,160,296 Down ×1
HUM Humana Inc. Common Stock $23,196,854 0.89% 58,398 $12,013,546 Down ×1
ELV Elevance Health, Inc. Common Stock $21,830,522 0.84% 56,449 $6,455,877 Up ×1
TNGX Tango Therapeutics, Inc. - Common Stock $21,700,129 0.83% 694,182 $-28,507,871 Down ×2
STE STERIS plc (Ireland) Ordinary Shares $21,031,100 0.81% 99,877 $-1,054,922 Down ×3
Unknown issuer (CUSIP: 423494103) $20,201,500 0.78% 550,000 Up ×1
PODD Insulet Corporation - Common Stock $19,411,571 0.75% 127,498 $-14,930,004 Down ×5
CI The Cigna Group Common Stock $18,332,720 0.71% 66,500 $-7,878,935 Down ×5
GKOS Glaukos Corporation Common Stock $17,982,500 0.69% 128,667 $2,296,115 Down ×2
CVS CVS Health Corporation Common Stock $17,520,913 0.67% 169,366 $11,102,862 Up ×1
BDX Becton, Dickinson and Company Common Stock $16,605,290 0.64% 109,729 $-2,559,003 Down ×5
GEHC GE HealthCare Technologies Inc. - Common Stock $16,178,143 0.62% 252,744 $-13,495,874 Down ×5
LIVN LivaNova PLC - Ordinary Shares $16,085,915 0.62% 195,621 $4,251,996 Up ×1
CNC Centene Corporation Common Stock $14,690,844 0.57% 228,865 $6,143,543 Down ×3
MRK Merck & Company, Inc. Common Stock (new) $14,528,339 0.56% 113,061 $-10,322,492 Down ×1
COO The Cooper Companies, Inc. - Common Stock $14,136,551 0.54% 197,135 $-5,324,605 Down ×5
Unknown issuer (CUSIP: 698955101) $13,685,000 0.53% 500,000 Up ×1
TEVA Teva Pharmaceutical Industries Limited American Depositary Shares $11,719,058 0.45% 345,899 $4,186,588 Up ×1
GMED Globus Medical, Inc. Class A Common Stock $11,543,993 0.44% 146,108 $-9,760,015 Down ×4
PRCT PROCEPT BioRobotics Corporation - Common Stock $11,341,618 0.44% 502,286 $-1,220,555
ZBH Zimmer Biomet Holdings, Inc. Common Stock $10,908,206 0.42% 126,707 $-3,158,524 Down ×5
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $10,559,983 0.41% 21,259 $4,070,417 Up ×2
VEEV Veeva Systems Inc. Class A Common Stock $10,532,312 0.41% 59,347 $604,536 Up ×1
ABBV AbbVie Inc. Common Stock $10,185,381 0.39% 40,476 $-10,164,506 Down ×3
TXG 10x Genomics, Inc. - Common Stock $10,024,760 0.39% 261,470 $3,029,645 Down ×1
HCA HCA Healthcare, Inc. Common Stock $9,259,888 0.36% 23,750 $-8,612,021 Down ×4
GILD Gilead Sciences, Inc. - Common Stock $8,309,634 0.32% 65,772 $1,079,258 Up ×1
AURA Aura Biosciences, Inc. - Common Stock $8,283,336 0.32% 1,166,667 Up ×1
MCK McKesson Corporation Common Stock $7,272,650 0.28% 9,625 $-12,069,877 Down ×4
THC Tenet Healthcare Corporation Common Stock $7,271,425 0.28% 38,868 $49,682 Up ×1
AMGN Amgen Inc. - Common Stock $7,228,639 0.28% 19,962 $-2,397,273 Down ×1
PTGX Protagonist Therapeutics, Inc. - Common Stock $6,825,500 0.26% 55,682 $5,302,786 Up ×1
NTRA Natera, Inc. - Common Stock $6,733,589 0.26% 24,806 $395,106 Down ×5
TMDX TransMedics Group, Inc. - Common Stock $6,717,652 0.26% 101,139 $-3,336,576
MOH Molina Healthcare Inc Common Stock $6,348,941 0.24% 27,761
ALKS Alkermes plc - Ordinary Shares $6,300,132 0.24% 120,243 $5,986,489 Up ×2
RPRX Royalty Pharma plc - Class A Ordinary Shares $6,297,278 0.24% 112,311 $4,460,219 Up ×3
WAY Waystar Holding Corp. - Common Stock $6,027,444 0.23% 293,592 $-148,067 Up ×3
PRVA Privia Health Group, Inc. - Common Stock $5,833,068 0.22% 226,703 $1,169,787
Unknown issuer (CUSIP: 38013D106) $5,153,328 0.20% 333,333 Up ×1
NBIX Neurocrine Biosciences, Inc. - Common Stock $4,051,076 0.16% 24,037 $3,439,012 Up ×1
OMDA Omada Health, Inc. - Common Stock $3,466,739 0.13% 157,938 $1,481,458
UTHR United Therapeutics Corporation - Common Stock $3,366,932 0.13% 6,214 $2,135,313 Up ×1
KMTS Kestra Medical Technologies, Ltd. - Common Stock $3,287,230 0.13% 129,215 $983,521 Up ×1
MDLN Medline Inc. - Class A common stock $3,240,114 0.12% 82,153 $-2,840,144 Down ×1
ILMN Illumina, Inc. - Common Stock $3,188,501 0.12% 18,134 $695,814 Down ×4
ONC BeOne Medicines Ltd. - American Depositary Shares $2,984,776 0.11% 10,474 $1,852,726 Up ×2
NAMS NewAmsterdam Pharma Company N.V. - Ordinary Shares $2,948,227 0.11% 86,994 $2,062,798 Up ×1
MDGL Madrigal Pharmaceuticals, Inc. - Common Stock $2,510,241 0.10% 4,675 $918,892 Up ×4
IONS Ionis Pharmaceuticals, Inc. - Common Stock $2,194,826 0.08% 27,681 $42,371 Down ×1
SPY SPY $2,016,279 0.08% 2,700 $260,361
BNTX BioNTech SE - American Depositary Shares $1,975,358 0.08% 21,229 $122,121 Up ×3
ADPT Adaptive Biotechnologies Corporation - Common Stock $1,918,467 0.07% 89,439 $861,075 Up ×2
CYTK Cytokinetics, Incorporated - Common Stock $1,619,206 0.06% 19,007 $1,036,496 Up ×1
Unknown issuer (CUSIP: 010911105) $1,509,942 0.06% 55,738 Up ×1
PHR Phreesia, Inc. Common Stock $1,445,694 0.06% 140,495 $347,981 Up ×1
BBIO BridgeBio Pharma, Inc. - Common Stock $1,443,124 0.06% 19,376 $-441,372 Down ×1
Unknown issuer (CUSIP: 60705V103) $1,340,000 0.05% 100,000 Up ×1
BLLN BillionToOne, Inc. - Class A common stock $1,266,269 0.05% 10,554 $433,136
INSM Insmed Incorporated - Common Stock $1,245,108 0.05% 11,678 $-395,652 Up ×1
BBNX Beta Bionics, Inc. - Common Stock $1,130,622 0.04% 72,152 $407,659
RVMD Revolution Medicines, Inc. - Common Stock $1,046,895 0.04% 5,590 $670,732 Up ×1
LEGN Legend Biotech Corporation - American Depositary Shares $954,600 0.04% 33,054 $305,422 Down ×5
PFE Pfizer, Inc. Common Stock $925,418 0.04% 38,431 $-2,096,973 Down ×1
ABVX Abivax SA - American Depositary Shares $852,464 0.03% 6,397 $735,769 Up ×1
VERA Vera Therapeutics, Inc. - Class A Common Stock $768,175 0.03% 17,902 $49,466 Up ×2
EHC Encompass Health Corporation Common Stock $702,607 0.03% 6,951 $-248,152 Down ×5
AXSM Axsome Therapeutics, Inc. - Common Stock $658,187 0.03% 2,689 $120,534 Down ×1
CERT Certara, Inc. - Common Stock $651,345 0.03% 99,442 $84,526

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
MDT $77,778,848 2.99% up ×3
RPRX $6,297,278 0.24% up ×3
WAY $6,027,444 0.23% up ×3
MDGL $2,510,241 0.10% up ×4
BNTX $1,975,358 0.08% up ×3
KRYS $568,655 0.02% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 05348Y105) $44,442,000 1,350,000 1.71%
CGON $35,069,996 493,596 1.35%
Unknown issuer (CUSIP: 81221K108) $23,892,000 1,100,000 0.92%
PVLA $23,687,100 155,000 0.91%
Unknown issuer (CUSIP: 423494103) $20,201,500 550,000 0.78%
Unknown issuer (CUSIP: 698955101) $13,685,000 500,000 0.53%
AURA $8,283,336 1,166,667 0.32%
MOH $6,348,941 27,761 0.24%
Unknown issuer (CUSIP: 38013D106) $5,153,328 333,333 0.20%
Unknown issuer (CUSIP: 010911105) $1,509,942 55,738 0.06%
Unknown issuer (CUSIP: 60705V103) $1,340,000 100,000 0.05%
MANE $426,356 3,468 0.02%
DFTX $394,713 8,391 0.02%
SYRE $260,214 2,931 0.01%
VTRS $250,555 15,778 0.01%

Top movers (QoQ)

Security Action Shares Δ Value Δ
BSX Trimmed -579K -$54.2M
ARGX Trimmed -12K +$50.7M
ABT Trimmed -205K -$32.3M
ISRG Trimmed -32K -$30.8M
TNGX Trimmed -1.7M -$28.5M
NUVL Price move only +0 +$22.2M
UNH Bought more +924 +$21.9M
CRNX Trimmed -660K -$21.1M
JBIO Trimmed -444K +$18.8M
IDXX Trimmed -27K -$17.6M

2 positions hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
RNA March 31, 2026 2,630,969 $189,771,794 -1.6%
FOLD March 31, 2026 10,735,195 $152,869,177 No longer tracked
AGIO Dec. 31, 2025 3,714,736 $149,109,503 30.2%
EWTX June 30, 2026 1,528,518 $48,148,317 13.7%
BHVN Dec. 31, 2025 2,802,853 $42,070,824 27.3%
MAZE March 31, 2026 887,708 $36,777,742 -0.3%
BPMC Sept. 30, 2025 284,900 $36,518,482 No longer tracked
HOLX Dec. 31, 2025 247,886 $16,729,826 No longer tracked
MGNX Dec. 31, 2025 9,919,992 $16,665,587 159.3%
BRKR June 30, 2025 335,288 $13,994,921 45.4%
ESPR June 30, 2025 9,694,064 $13,959,452 No longer tracked
THC June 30, 2025 94,722 $12,740,109 56.9%
SRPT June 30, 2025 149,113 $9,516,392 14.5%
CDNA March 31, 2026 431,070 $8,121,359 170.9%
MOH March 31, 2026 46,626 $8,091,476 54.2%
BDTX Sept. 30, 2025 2,733,547 $6,779,197 -42.2%
CSTL June 30, 2025 301,103 $6,028,082 48.0%
EVH June 30, 2025 614,337 $5,817,771 -59.2%
ALT June 30, 2025 1,056,793 $5,283,965 -22.1%
BIO June 30, 2025 21,476 $5,230,695 50.5%
INSP June 30, 2026 99,735 $5,144,331 34.0%
ASTH June 30, 2025 163,155 $5,059,437 64.8%
ICLR March 31, 2026 24,560 $4,475,323 56.9%
PEN June 30, 2026 12,267 $4,028,115 3.4%
BTSG March 31, 2026 92,095 $3,448,958 38.3%
NEO March 31, 2026 278,286 $3,272,643 119.5%
AVTR March 31, 2026 276,266 $3,166,008 78.6%
AZN March 31, 2026 30,431 $2,797,522 -16.4%
VKTX March 31, 2026 68,665 $2,415,635 6.1%
ROIV March 31, 2026 108,039 $2,344,446 33.8%
BKD March 31, 2026 167,444 $1,806,721 -9.7%
SIBN March 31, 2026 90,331 $1,781,327 55.7%
EXAS March 31, 2026 16,062 $1,631,257 No longer tracked
MASI June 30, 2026 8,753 $1,556,896 No longer tracked
BAX Dec. 31, 2025 68,084 $1,550,273 39.0%
VRNA Sept. 30, 2025 15,927 $1,506,376 No longer tracked
RDY June 30, 2025 91,916 $1,212,372 -19.2%
CMPS March 31, 2026 142,243 $981,477 152.1%
SNY June 30, 2025 16,000 $887,360 -4.9%
EQNR June 30, 2026 17,573 $741,581 34.7%
XOM June 30, 2026 4,370 $741,414 22.8%
BP June 30, 2026 15,644 $735,268 19.2%
SHEL June 30, 2026 7,844 $729,492 20.5%
ZLAB June 30, 2025 20,000 $722,800 -22.4%
ANET March 31, 2026 4,800 $628,944 53.8%
CSCO June 30, 2026 8,000 $620,720 -5.4%
BABA June 30, 2026 4,700 $589,662 33.3%
IWM March 31, 2026 2,300 $566,168 No longer tracked
PG June 30, 2026 3,900 $563,316 -0.4%
MA June 30, 2026 1,100 $549,626 13.2%
META March 31, 2026 800 $528,072 -4.7%
DOCS March 31, 2026 11,817 $523,257 7.9%
LULU March 31, 2026 2,240 $465,494 -21.7%
NVO Sept. 30, 2025 6,500 $448,630 -15.4%
PLTR March 31, 2026 2,500 $444,375 17.0%
BLK June 30, 2026 450 $432,770 21.4%
PCVX June 30, 2025 11,290 $426,310 91.4%
V June 30, 2026 1,400 $423,136 7.3%
CORT March 31, 2026 10,495 $365,226 197.7%
CNTA June 30, 2026 9,030 $358,672 No longer tracked
PLNT March 31, 2026 3,173 $344,175 -27.9%
ARQT Sept. 30, 2025 24,008 $336,592 43.4%
JD June 30, 2026 11,000 $325,270 14.5%
EXEL March 31, 2026 7,361 $322,633 26.5%
AKRO Dec. 31, 2025 6,559 $311,421 No longer tracked
ADMA Sept. 30, 2025 16,900 $307,749 -32.1%
GH March 31, 2026 3,004 $306,829 74.3%
ACN June 30, 2026 1,500 $297,435 44.9%
BMRN March 31, 2026 4,972 $295,486 21.2%
ADBE June 30, 2026 1,200 $291,696 32.1%
SNY March 31, 2026 5,851 $283,539 -4.6%
TVTX Sept. 30, 2025 18,303 $270,884 171.6%
BIDU Dec. 31, 2025 2,000 $263,540 -30.1%
OLMA June 30, 2026 16,443 $245,165 -11.3%
MRNA March 31, 2026 7,711 $227,397 165.6%
MTSR Sept. 30, 2025 7,800 $221,910 No longer tracked
BRBR Sept. 30, 2025 3,500 $202,755 -70.7%
ACLX Sept. 30, 2025 3,000 $197,550 No longer tracked
OCS Sept. 30, 2025 9,700 $188,277 -24.6%
IDYA March 31, 2026 4,942 $170,845 16.6%
CGON March 31, 2026 3,095 $128,504 16.0%
ASND June 30, 2026 536 $122,599 -4.0%
QURE March 31, 2026 4,763 $113,979 188.6%
APLS March 31, 2026 4,210 $105,755 No longer tracked
AMRX March 31, 2026 7,913 $99,704 48.4%
TRVI March 31, 2026 7,603 $95,190 57.8%
GMAB March 31, 2026 3,009 $92,677 25.1%
TYRA March 31, 2026 3,143 $82,629 -30.7%
ORIC March 31, 2026 9,706 $79,395 13.3%
BEAM March 31, 2026 2,842 $78,780 20.2%
MRUS Dec. 31, 2025 825 $77,674 No longer tracked
BBOT June 30, 2026 6,982 $62,489 23.4%
MLTX Dec. 31, 2025 8,399 $60,221 24.7%
WVE June 30, 2026 5,261 $38,142 -6.5%
NTLA March 31, 2026 2,978 $26,772 -2.5%
QGEN June 30, 2026 243 $9,730 12.0%