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RTW Investments, LP

CIK:0001493215
Hedge Fund
$10B AUM
73 holdings
New York, NY, United States
Founded:2009
67 employees
Latest filing:Jun 30, 2025

RTW Investments, LP is a New York-headquartered SEC-registered investment adviser founded in 2009. The firm specializes in investing in life sciences and biotechnology sectors, with a focus on identifying and supporting innovative companies developing transformational treatments and technologies. As of 2025, RTW employs approximately 67 professionals, nearly half of whom are investment personnel, and manages funds on behalf of institutional investors, endowments, foundations, and high-net-worth individuals.

Investment Strategy

RTW Investments, LP employs a research-driven investment approach concentrated in the life sciences, particularly biotechnology and medical devices. The firm seeks to identify breakthrough innovations in therapeutics and related technologies by leveraging deep scientific and industry expertise. Its investment strategy spans public and private markets, prioritizing companies with the potential for significant clinical and commercial impact. RTW partners actively with portfolio companies to help advance new therapies, with long-term value creation and impact in healthcare at the core of its philosophy.

Top Buys
N
NBIXNEUROCRINE BIOSCIENCES INC
+$133.5M
V
VRNAVERONA PHARMA PLC
+$107.8M
I
INSMINSMED INC
+$80.4M
Z
ZLABZAI LAB LTD
+$80.3M
D
DGXQUEST DIAGNOSTICS INC
+$73.1M
Top Sells
A
AXSMAXSOME THERAPEUTICS INC
-$182.5M
A
ALKSALKERMES PLC
-$93.4M
G
GMEDGLOBUS MED INC
-$82.3M
R
RCKTROCKET PHARMACEUTICALS INC
-$74.6M
M
MDGLMADRIGAL PHARMACEUTICALS INC
-$57.0M

Top Holdings

M
MDGLMADRIGAL PHARMACEUTICALS INC
+8.6%$603.4M
N
NTRANATERA INC
+6.2%$438.2M
P
PTCTPTC THERAPEUTICS INC
+5.4%$378.3M
A
ARGXARGENX SE
+5.3%$371.2M
P
PTGXPROTAGONIST THERAPEUTICS INC
+4.5%$318.1M

Equity Positions (72)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
M
MDGL
MADRIGAL PHARMACEUTICALS INC8.59%$603.4M1,993,687$265.29$302.64-$57.0M
N
NTRA
NATERA INC6.24%$438.2M2,593,645$42.81$168.94+$71.4M
P
PTCT
PTC THERAPEUTICS INC5.39%$378.3M7,746,415$38.51$48.84-$3.0M
A
ARGX
ARGENX SE5.29%$371.2M673,497$352.05$551.22-$27.4M
P
PTGX
PROTAGONIST THERAPEUTICS INC4.53%$318.1M5,756,277$24.30$55.27+$41.6M

Industry Allocation

PHARMACEUTICAL PREPARATIONS
+59.1%
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
+15.7%
SERVICES-MEDICAL LABORATORIES
+10.5%
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
+7.6%
ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES
+3.1%