CAI
Pharmaceuticals, Biotechnology & Life Sciences
CROWD: RED
Active holders jumped 80 to 77 recently (-4% 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
77
of 201 total, index funds excluded
This quarter
+21
24 out
Conviction
1 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2025Mar 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 · $2.8B held
Fund
Value
Note
FMR LLC
$550M
J. H. Whitney Equity Partne…
$326M
Sixth Street Partners Manag…
$257M
COATUE MANAGEMENT LLC
$176M
BRAIDWELL LP
$143M
PointState Capital LP
$132M
T. Rowe Price Investment Ma…
$100M
BlackRock, Inc.
$87M
PRICE T ROWE ASSOCIATES INC…
$78M
VANGUARD PORTFOLIO MANAGEME…
$67M
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.