Bellevue Group AG

CIK 0001674546 · Q2 2026

13F Equity AUM

$4.8B

+13.1% QoQ

Positions

148

-7 QoQ

AUM Rank

#1,546

Top 12%

Skill Alpha (FF)

-0.3%/yr^ns

No Clear Edge

Rank #2,732 · Top 33%

vs S&P -4.1%/yr (unadj.)

Quarters Tracked

~10 years

Portfolio Concentration

Top 5: 28.3%Top 10: 42.9%Top 20: 63.5%

AMGN6.5%

VRTX6.0%

ARGX5.9%

GILD5.7%

RVMD4.1%

ORKA3.3%

IM8N3.1%

SRRK2.8%

NUVL2.7%

VRDN2.6%

Others (138)57.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare97.4%

Unclassified2.4%

Other0.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 148Median: 0.15%Avg: 0.68%

0–0.5%

104(12.6%)

0.5–1%

15(10.9%)

1–3%

22(41.8%)

3–5%

3(10.6%)

5%+

4(24.1%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 148vs 20 funds

0%Low

148

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New17Increased41Decreased66Exited24

New Positions

AVALYN PHARMACEUTICA…0.9%

+1.4M

CGON0.7%

+494K

PVLA0.5%

+155K

SEAPORT THERAPEUTICS…0.5%

+1.1M

HEMAB THERAPEUTICS H…0.4%

+550K

SYRE0.4%

+230K

PARABILIS MEDICINES …0.3%

+500K

AURA0.2%

+1.2M

MOH0.1%

+28K

GMR SOLUTIONS INC0.1%

+333K

Increased

IM8N3.1%

+1.4M(+13787%)

BBIO1.9%

+1.2M(+4587%)

ORKA3.3%

+1.2M(+227%)

GILD5.7%

+989K(+85%)

PCVX2.4%

+781K(+66%)

AMGN6.5%

+556K(+188%)

UTH2.1%

+186K(+8976%)

ALKS0.1%

+111K(+1256%)

IRON0.9%

+101K(+22%)

TEVA0.3%

+96K(+38%)

Decreased

TNGX0.5%

-1,705,818(-71%)

RLAY2.4%

-1,609,272(-21%)

SRRK2.8%

-1,135,026(-32%)

ANNX0.5%

-1,057,274(-21%)

ISI1.6%

-846,407(-47%)

ELVN1.6%

-830,867(-36%)

DMRA0.9%

-679,154(-30%)

CRNX2.1%

-660,000(-20%)

BSX0.8%

-579,244(-39%)

RVMD4.1%

-496,442(-32%)

Exited

EWTX

-1,528,518

INSP

-99,735

PEN

-12,267

ATRIUM THERAPEUTICS …

-263,096

3M4

-8,753

EQNR

-17,573

SHEL

-7,844

-15,644

XOM

-4,370

-1,400

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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