Portfolio breakdown

POSITIONS
Revolution Medicines
11.80%
Argenx SE
11.40%
Ionis Pharmaceuticals
11.20%
Vertex Pharmaceuticals
8.90%
Neurocrine Biosciences
7.10%
Avidity Biosciences
5.60%
Scholar Rock
5.30%
Alnylam Pharmaceuticals
5.20%
Amicus Therapeutics
4.50%
Viridian Therapeutics
4.00%
Nuvalent
3.10%
Krystal Biotech
3.00%
Celldex Therapeutics
2.90%
Immunocore
2.90%
Vera Therapeutics
2.50%
Relay Therapeutics
2.10%
Rivus Pharmaceuticals
1.60%
Jade Biosciences
1.50%
Edgewise Therapeutics
1.10%
Maze Therapeutics
1.10%
Tango Therapeutics
1.00%
Annexon
0.80%
Galecto Inc.
0.70%
Wave Life Sciences
0.70%
Financial Health
Profitable
Financed to break even / product at market
Pipeline companies / additional financing required (> 2 years)
Pipeline companies / acute financing required (<2 years)
Disease area
Orphan Diseases
Inflammation & Immunology
Oncology
Neurological Diseses
Cardiovascular Diseases
market capitalization (in usd)
> 30 bn
5 - 30 bn
1 - 5 bn
500 mn - 1 bn
Private
Technology
Small Molecule
Biologics
RNA
Gene- and cell therapy

Facts & key figures

Investment Focus

Innovative biotechnology companies developing differentiated therapies

Primarily invested in listed biotechnology companies, with selective private investments

20–35 target participations

5–8 core positions with meaningful portfolio weights

suitability & risk profile
Designed for long-term investors (5+ years) willing to accept equity risk typical of the biotech sector.
Lower Risk
Higher Risk
Risk metrics (3Y)
NBI (Nasday Biotechnology Index) is used as the benchmark and the reference currency is CHF.
general information

Benefits & risks

Access to global biotech growth

Diversified portfolio of profitable and pipeline companies

Experienced investment management

Dividend policy (~5%)

Equity volatility

Biotech sector swings

Currency risks

Discount/premium to NAV

Up to 15% leverage possible

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