DBVT
Pharmaceuticals, Biotechnology & Life Sciences
CROWD: RED
Active holders jumped 23 to 31 recently (35% 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
31
of 71 total, index funds excluded
This quarter
+13
5 out
Conviction
19 bps
median holder weight: token bet
Streak
2q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2024Mar 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 · $434M held
Fund
Value
Note
MPM BIOIMPACT LLC
$109M
Vivo Capital, LLC
$56M
Artisan Partners Limited Pa…
$46M
Siren, L.L.C.
$39M
BAKER BROS. ADVISORS LP
$31M
ADAR1 Capital Management, L…
$21M
PERCEPTIVE ADVISORS LLC
$20M
Patient Square Capital LP
$14M
Octagon Capital Advisors LP
$12M
Redmile Group, LLC
$10M
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.