SECTOR GAMMA AS
CIK 0001475373
Annualised vol
12.071147%
Beta
0.430369
HHI
370.322421
Top-10 weight
48.351338%
VaR 95%
1.163053%
VaR 99%
2.115237%
Max drawdown
19.740114%
Matched value
79.454956%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| BMY | REDUCED | 726,115 | 827,901 | -12.29% | 41,838,746 |
| MRK | REDUCED | 217,008 | 260,340 | -16.64% | 27,885,528 |
| MDT | ADDED | 352,437 | 280,682 | 25.56% | 27,571,147 |
| PFE | REDUCED | 1,004,215 | 1,091,385 | -7.99% | 24,181,497 |
| INCY | REDUCED | 170,753 | 200,510 | -14.84% | 19,356,560 |
| BMRN | ADDED | 294,918 | 239,918 | 22.92% | 16,875,208 |
| TMO | NEW | 33,584 | - | - | 16,837,674 |
| CVS | ADDED | 155,337 | 135,337 | 14.78% | 16,069,613 |
| IONS | ADDED | 189,468 | 169,468 | 11.8% | 15,022,918 |
| BDX | ADDED | 93,168 | 82,615 | 12.77% | 14,099,113 |
| ZBH | REDUCED | 142,307 | 155,835 | -8.68% | 12,251,210 |
| BIIB | REDUCED | 54,163 | 90,096 | -39.88% | 11,702,458 |
| REGN | NEW | 15,780 | - | - | 9,839,461 |
| CAH | REDUCED | 40,689 | 54,897 | -25.88% | 9,666,079 |
| AMGN | REDUCED | 26,281 | 47,155 | -44.27% | 9,516,876 |
| BRKR | REDUCED | 152,352 | 254,010 | -40.02% | 9,168,543 |
| AVTR | ADDED | 906,088 | 695,403 | 30.3% | 8,970,271 |
| PTCT | ADDED | 100,000 | 75,000 | 33.33% | 8,157,000 |
| LH | ADDED | 26,019 | 19,019 | 36.81% | 7,285,320 |
| DXCM | ADDED | 102,122 | 56,122 | 81.96% | 6,877,917 |
| ASND | UNCHANGED | 21,305 | 21,305 | 0.0% | 5,682,470 |
| EW | UNCHANGED | 60,402 | 60,402 | 0.0% | 5,463,965 |
| SNDX | REDUCED | 241,739 | 286,007 | -15.48% | 5,284,415 |
| BSX | NEW | 121,128 | - | - | 5,169,743 |
| KURA | ADDED | 433,012 | 411,810 | 5.15% | 4,750,142 |
| TVTX | NEW | 80,000 | - | - | 4,544,800 |
| TNDM | UNCHANGED | 267,091 | 267,091 | 0.0% | 4,030,403 |
| IOVA | ADDED | 968,466 | 900,000 | 7.61% | 4,028,819 |
| CYTK | NEW | 45,000 | - | - | 3,833,550 |
| OGN | REDUCED | 270,781 | 375,974 | -27.98% | 3,666,375 |
| ARDX | ADDED | 686,844 | 516,131 | 33.08% | 3,502,904 |
| NTLA | NEW | 185,177 | - | - | 3,133,195 |
| DNLI | CLOSED OUT | 0 | 162,710 | -100.0% | 0 |
| COGT | CLOSED OUT | 0 | 80,000 | -100.0% | 0 |
| GILD | CLOSED OUT | 0 | 53,247 | -100.0% | 0 |
| BBIO | CLOSED OUT | 0 | 44,263 | -100.0% | 0 |
| UNH | CLOSED OUT | 0 | 36,435 | -100.0% | 0 |
| HUM | CLOSED OUT | 0 | 19,202 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| BMY | REDUCED | BRISTOL-MYERS SQUIBB CO | COM | 110122108 | 41,838,746 | 9.08 | 726115.0 |
| MRK | REDUCED | MERCK & CO INC | COM | 58933Y105 | 27,885,528 | 6.05 | 217008.0 |
| MDT | ADDED | MEDTRONIC PLC | SHS | G5960L103 | 27,571,147 | 5.98 | 352437.0 |
| PFE | REDUCED | PFIZER INC | COM | 717081103 | 24,181,497 | 5.25 | 1004215.0 |
| INCY | REDUCED | INCYTE CORP | COM | 45337C102 | 19,356,560 | 4.2 | 170753.0 |
| - | ELEVANCE HEALTH INC FORMERLY | COM | 036752103 | 17,209,098 | 3.73 | 44499.0 | |
| BMRN | ADDED | BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 | 16,875,208 | 3.66 | 294918.0 |
| TMO | NEW | THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 16,837,674 | 3.65 | 33584.0 |
| CVS | ADDED | CVS HEALTH CORP | COM | 126650100 | 16,069,613 | 3.49 | 155337.0 |
| - | IQVIA HLDGS INC | COM | 46266C105 | 15,060,340 | 3.27 | 77944.0 | |
| IONS | ADDED | IONIS PHARMACEUTICALS INC | COM | 462222100 | 15,022,918 | 3.26 | 189468.0 |
| BDX | ADDED | BECTON DICKINSON & CO | COM | 075887109 | 14,099,113 | 3.06 | 93168.0 |
| - | ABBOTT LABS | COM | 002824100 | 13,379,069 | 2.9 | 147444.0 | |
| - | GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 | 13,305,311 | 2.89 | 207863.0 | |
| ZBH | REDUCED | ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 | 12,251,210 | 2.66 | 142307.0 |
| BIIB | REDUCED | BIOGEN INC | COM | 09062X103 | 11,702,458 | 2.54 | 54163.0 |
| - | QIAGEN NV | ORD SHARES | N72482156 | 11,246,724 | 2.44 | 287640.0 | |
| - | CENTENE CORP DEL | COM | 15135B101 | 10,424,777 | 2.26 | 162405.0 | |
| REGN | NEW | REGENERON PHARMACEUTICALS | COM | 75886F107 | 9,839,461 | 2.13 | 15780.0 |
| - | BIO RAD LABS INC | CL A | 090572207 | 9,791,894 | 2.12 | 33350.0 | |
| CAH | REDUCED | CARDINAL HEALTH INC | COM | 14149Y108 | 9,666,079 | 2.1 | 40689.0 |
| AMGN | REDUCED | AMGEN INC | COM | 031162100 | 9,516,876 | 2.06 | 26281.0 |
| BRKR | REDUCED | BRUKER CORP | COM | 116794108 | 9,168,543 | 1.99 | 152352.0 |
| AVTR | ADDED | AVANTOR INC | COM | 05352A100 | 8,970,271 | 1.95 | 906088.0 |
| PTCT | ADDED | PTC THERAPEUTICS INC | COM | 69366J200 | 8,157,000 | 1.77 | 100000.0 |
| LH | ADDED | LABCORP HOLDINGS INC | COM SHS | 504922105 | 7,285,320 | 1.58 | 26019.0 |
| DXCM | ADDED | DEXCOM INC | COM | 252131107 | 6,877,917 | 1.49 | 102122.0 |
| ASND | UNCHANGED | ASCENDIS PHARMA A/S | ORD SHS | K08588103 | 5,682,470 | 1.23 | 21305.0 |
| EW | UNCHANGED | EDWARDS LIFESCIENCES CORP | COM | 28176E108 | 5,463,965 | 1.19 | 60402.0 |
| SNDX | REDUCED | SYNDAX PHARMACEUTICALS INC | COM | 87164F105 | 5,284,415 | 1.15 | 241739.0 |
| BSX | NEW | BOSTON SCIENTIFIC CORP | COM | 101137107 | 5,169,743 | 1.12 | 121128.0 |
| KURA | ADDED | KURA ONCOLOGY INC | COM | 50127T109 | 4,750,142 | 1.03 | 433012.0 |
| TVTX | NEW | TRAVERE THERAPEUTICS INC | COM | 89422G107 | 4,544,800 | 0.99 | 80000.0 |
| - | CRINETICS PHARMACEUTICALS IN | COM | 22663K107 | 4,289,380 | 0.93 | 114628.0 | |
| TNDM | UNCHANGED | TANDEM DIABETES CARE INC | COM NEW | 875372203 | 4,030,403 | 0.87 | 267091.0 |
| IOVA | ADDED | IOVANCE BIOTHERAPEUTICS INC | COM | 462260100 | 4,028,819 | 0.87 | 968466.0 |
| CYTK | NEW | CYTOKINETICS INC | COM NEW | 23282W605 | 3,833,550 | 0.83 | 45000.0 |
| OGN | REDUCED | ORGANON & CO | COMMON STOCK | 68622V106 | 3,666,375 | 0.8 | 270781.0 |
| ARDX | ADDED | ARDELYX INC | COM | 039697107 | 3,502,904 | 0.76 | 686844.0 |
| NTLA | NEW | INTELLIA THERAPEUTICS INC | COM | 45826J105 | 3,133,195 | 0.68 | 185177.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-12 | 460,970,513 | 40 | 12.071147 | 0.430369 | 19.740114 |
| 2026-03-31 | 2026-05-07 | 423,489,426 | 42 | 13.099065 | 0.452954 | 22.748619 |
| 2025-12-31 | 2026-02-12 | 438,714,301 | 36 | 13.920001 | 0.491001 | 21.581486 |
| 2025-09-30 | 2025-10-31 | 403,318,033 | 41 | 13.955409 | 0.497762 | 22.704648 |
| 2025-03-31 | 2025-05-13 | 312,194,442 | 33 | 14.203174 | 0.5068 | 24.932978 |
| 2024-12-31 | 2025-02-11 | 290,875,383 | 30 | 14.465854 | 0.513466 | 24.2801 |