ACRS
Pharmaceuticals, Biotechnology & Life Sciences
CROWD: RED
Active holders jumped 36 to 44 recently (22% in one quarter). Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
44
of 136 total, index funds excluded
This quarter
+17
9 out
Conviction
2 bps
median holder weight: token bet
Streak
3q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2016Mar 2026
Holdings as of Mar 31, 2026, filed by May 16, 2026. Counts for the newest quarter keep settling for a few weeks as amendments land.
The tide
funds in (up) vs out (down)
Top holders
by reported value · $409M held
Fund
Value
Note
BML Capital Management, LLC
$53M
Deep Track Capital, LP
$35M
BlackRock, Inc.
$28M
RA CAPITAL MANAGEMENT, L.P.
$26M
Vivo Capital, LLC
$25M
VANGUARD CAPITAL MANAGEMENT…
$19M
Frazier Life Sciences Manag…
$18M
Rock Springs Capital Manage…
$17M
Decheng Capital LLC
$15M
ADAGE CAPITAL PARTNERS GP, …
$15M
Tourists vs true believers
every holder a dot · right = bigger bet in their own book, up = patient money
Hover any dot for the fund and its bet size. Patience is measured from each filer's actual quarter-to-quarter turnover across our whole database.