In Q1 2026, Baker Bros. Advisors held 80 positions worth $17.3B. They initiated 4 new positions and exited 64. Their largest holding was INCY ($2.9B). Portfolio value grew +2.4% versus the prior quarter.
Frequently asked questions
What stocks did Baker Bros. Advisors own in Q1 2026?
Baker Bros. Advisors held 80 biotech stocks in their 13F portfolio in Q1 2026. Their top positions include INCY, BEIGF, INSM, MDGL, CELC. The full holdings table is available on BiotechEdge with position sizes, quarter-over-quarter changes, and AI analysis.
How much was Baker Bros. Advisors's portfolio worth in Q1 2026?
Baker Bros. Advisors's tracked biotech portfolio was worth $17.3B across 80 positions, with total assets under management of approximately $17B. Portfolio values are based on 13F filings with the SEC.
What did Baker Bros. Advisors buy in Q1 2026?
Baker Bros. Advisors initiated 4 new positions in Q1 2026, including EVMN, AKTS, GENB, EIKN. They also increased 21 existing positions.
What did Baker Bros. Advisors sell in Q1 2026?
Baker Bros. Advisors fully exited 64 positions in Q1 2026, including PMVP, NTRA, ARVN, FHTX, VYNE and 59 more. They also trimmed 6 existing positions.
Is Baker Bros. Advisors a biotech fund?
Concentrated long-only biotech fund known for taking very large positions in a small number of high-conviction names. The Baker brothers—both trained scientists—focus on deep due diligence of clinical-stage and commercial biotech companies, often holding positions for years through clinical catalysts.
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