Darwin Global Management, Ltd.

CIK 1839209 · View on SEC EDGAR ↗

Portfolio value
$3.8B
#988 of 9,443 by 13F value · top 10.5%
Positions
5
As of
June 30, 2026

Portfolio value QoQ: -0.3% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
5
Effective number of positions
2.8

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

Turnover Q2 2026: 28.94% Est. buys $1,639,272,763 · sells $1,089,768,059

Median holding: 1.0 quarters Tracked Q4 2024–Q2 2026 · 27.8% still held

New positions
0
Increased
3
Decreased
2
Closed
1
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Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+109.4%
S&P 500 total return (same window)
+28.1%
Excess return
+81.3%

Annualized: +63.9% · S&P 500: +18.0%

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: 98.7% · Options excluded: 0.0%

Sector breakdown

Healthcare
100.0%

Full portfolio 5 positions

Type Streak 8Q trend
RVMD Revolution Medicines, Inc. - Common Stock $2,047,516,314 54.45% 10,629,822 $1,842,532,835 Up ×1
INSM Insmed Incorporated - Common Stock $673,600,013 17.91% 6,431,163 $-1,902,970,798 Down ×2
BLTE Belite Bio, Inc - American Depositary Shares $456,588,244 12.14% 3,077,219 $483,522 Up ×2
ABVX Abivax SA - American Depositary Shares $348,215,205 9.26% 3,621,583 $-3,853,481 Up ×3
ROIV Roivant Sciences Ltd. - Common Shares $234,333,729 6.23% 6,747,300 $54,817,036 Down ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

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

Security Value % of portfolio Streak
ABVX $348,215,205 9.26% up ×3

Top movers (QoQ)

Security Action Shares Δ Value Δ
INSM Trimmed -10.4M -$1.9B
ROIV Trimmed -50K +$54.8M
ABVX Bought more +153K -$3.9M
BLTE Bought more +20K +$484K

1 position 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
VRNA Sept. 30, 2025 4,129,618 $387,440,761 No longer tracked
UTHR Dec. 31, 2025 748,550 $317,617,251 9.5%
CDTX March 31, 2026 997,196 $220,180,877 No longer tracked
WVE March 31, 2026 7,298,421 $125,167,920 -25.1%
JAZZ March 31, 2025 484,515 $59,668,022 105.3%
GERN March 31, 2025 9,569,835 $33,877,216 -0.9%
KROS March 31, 2025 1,687,135 $26,707,347 6.6%
QURE Dec. 31, 2025 400,000 $23,760,000 97.2%
CAPR March 31, 2026 800,000 $23,168,000 -74.7%
MRUS Sept. 30, 2025 395,738 $20,970,157 No longer tracked
ALLO Sept. 30, 2025 10,479,791 $12,366,153 71.4%
NRIX March 31, 2025 163,681 $3,083,750 131.4%
DNTH June 30, 2026 17,357 $1,456,599 19.0%