PTGX
Pharmaceuticals, Biotechnology & Life Sciences
CROWD: RED
Active holders jumped 144 to 136 recently (-6% 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
136
of 317 total, index funds excluded
This quarter
+35
42 out
Conviction
4 bps
median holder weight: token bet
Streak
0q
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 · $8.3B held
Fund
Value
Note
BlackRock, Inc.
$1.0B
FARALLON CAPITAL MANAGEMENT…
$669M
UBS Group AG
$546M
RTW INVESTMENTS, LP
$533M
WELLINGTON MANAGEMENT GROUP…
$379M
VANGUARD PORTFOLIO MANAGEME…
$367M
STATE STREET CORP
$329M
JANUS HENDERSON GROUP PLC
$305M
VANGUARD CAPITAL MANAGEMENT…
$296M
JOHNSON & JOHNSON
$258M
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.