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Bellevue Group AG

CIK:0001674546
Asset Manager
$5B AUM
142 holdings
Zurich, Switzerland
Founded:1993
90 employees
Latest filing:Jun 30, 2025

Bellevue Group AG is an independent, specialized asset management firm established in 1993 and headquartered in Zurich, Switzerland. The firm employs approximately 90 professionals across Switzerland, Germany, the UK, and the USA. Bellevue Group AG is recognized as one of Europe's largest healthcare-focused investors, offering a diversified range of active investment solutions to institutional, intermediary, and private clients. Their expertise centers on healthcare, small and mid-cap companies, and growth strategies benefiting from active management in complex or less efficient markets.

Investment Strategy

Bellevue Group AG specializes in active management strategies with a strong focus on healthcare investments, particularly biotech, medtech, and thematic sectors, as well as small and mid-cap companies. Their investment philosophy emphasizes generating lasting value in attractive, fast-growing, and innovative segments of the equity market. The group leverages its more than 30 years of healthcare expertise and employs over 20 specialists in this sector. Bellevue aims for stable, long-term returns and strong capital appreciation via high innovation, strict risk management, and a distinctive entrepreneurial approach.

Latest 13F Filing Activity

Bellevue Group AG filed their most recent 13F report on Jun 30, 2025 disclosing 139 equity positions with a total 13F market value of $5B. The fund increased holdings in Ionis Pharmaceuticals Inc., Akero Therapeutics Inc., Immunocore HLDGS PLC among other positions. Bellevue Group AG reduced exposure to Unitedhealth Group Inc., Argenx SE, Becton Dickinson & Co. among others.

Top Buys
I
IONSIONIS PHARMACEUTICALS INC
+$73.3M
A
AKROAKERO THERAPEUTICS INC
+$55.3M
I
IMCRIMMUNOCORE HLDGS PLC
+$40.4M
B
BPMCBLUEPRINT MEDICINES CORP
+$36.5M
N
NBIXNEUROCRINE BIOSCIENCES INC
+$27.5M
Top Sells
U
UNHUNITEDHEALTH GROUP INC
-$41.9M
A
ARGXARGENX SE
-$27.8M
B
BDXBECTON DICKINSON & CO
-$24.3M
I
INCYINCYTE CORP
-$19.7M
M
MRKMERCK & CO INC
-$18.5M

Top Holdings

A
ARGXARGENX SE
+6.9%$314.8M
I
IONSIONIS PHARMACEUTICALS INC
+6.8%$310.3M
N
NBIXNEUROCRINE BIOSCIENCES INC
+5.0%$228.8M
A
ALNYALNYLAM PHARMACEUTICALS INC
+4.9%$220.6M
A
ABTABBOTT LABS
+4.7%$212.7M

Equity Positions (139)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
ARGENX SE6.94%$314.8M571,039$159.93$551.22-$27.8M
IONIS PHARMACEUTICALS INC6.84%$310.3M7,853,198$57.04$39.51+$73.3M
NEUROCRINE BIOSCIENCES INC5.04%$228.8M1,820,000$85.74$125.69+$27.5M
ALNYLAM PHARMACEUTICALS INC4.86%$220.6M676,367$81.93$326.09+$13.1M
ABBOTT LABS4.69%$212.7M1,564,022$90.21$136.01+$6.3M

Industry Allocation

PHARMACEUTICAL PREPARATIONS
+35.5%
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
+26.3%
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
+13.3%
ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES
+6.2%
HOSPITAL & MEDICAL SERVICE PLANS
+3.6%