Featured 13F manager
Palo Alto Investors LP Palo Alto Investors
Palo Alto, CA 23 processed 13Fs on this site · 2021 Q3–2026 Q2
- $724M
- 52 Positions
- 2026 Q2
- +10.7% QoQ
- Top 5 37.7%
Palo Alto Investors files Palo Alto Investors LP as a Form 13F. The latest book is 2026 Q2 at $724M, up 10.7% QoQ, led by Ptc Therapeutics, Acadia Pharmaceuticals, and Insmed.
Portfolio
top 5 37.7% · top 10 61.3%
- PTC - Ptc Therapeutics 10.4%
- ACAD - Acadia Pharmaceuticals 10.0%
- INSM - Insmed 6.1%
- MIRM - Mirum Pharmaceuticals 5.6%
- ANAB - Anaptysbio 5.6%
- BMRN - Biomarin Pharmaceutical 5.4%
- DYN - Dyne Therapeutics 5.1%
- UTHR - United Therapeutics 4.7%
- IRON - Disc Medicine 4.2%
- BIIB - Biogen 4.2%
- IOVA - Iovance Biotherapeutics 3.0%
- RARE — 2.8%
- Other 32.9%
AUM over time
Book
| BMRN - Biomarin Pharmaceutical | 13.25% | Reduce −4.1% | 1,976,265 | $84.77 | $168M | −85,108 | −$3M |
| UTHR - United Therapeutics | 10.49% | Reduce −0.2% | 633,534 | $209.38 | $133M | −1,272 | −$17M |
| INSM - Insmed | 9.95% | Hold | 5,840,398 | $21.54 | $126M | — | — |
| Abiomed | 9.53% | Reduce −0.7% | 490,754 | $245.66 | $121M | −3,643 | −$2M |
| Revance Therapeutics | 9.40% | Hold | 4,405,039 | $27.00 | $119M | — | — |
| FOLD - Amicus | 8.13% | Hold | 9,847,774 | $10.44 | $103M | — | — |
| PRTA - Prothena | 7.91% | Reduce −1.9% | 1,649,777 | $60.63 | $100M | −31,700 | +$54M |
| BIIB - Biogen | 7.62% | Hold | 360,981 | $267.00 | $96M | — | — |
| Staar Surgical | 6.12% | Reduce −0.9% | 1,096,882 | $70.55 | $77M | −9,685 | −$1M |
| Sage Therapeutics | 2.64% | Hold | 851,409 | $39.16 | $33M | — | — |
| Karyopharm Therapeutics | 2.43% | Hold | 5,621,533 | $5.46 | $31M | — | — |
| ACAD - Acadia Pharmaceuticals | 2.17% | Hold | 1,678,196 | $16.36 | $27M | — | — |
| VNDA - Vanda Pharmaceuticals | 1.69% | Reduce −13.0% | 2,166,156 | $9.88 | $21M | −325,044 | −$6M |
| Gossamer Bio | 1.66% | Hold | 1,750,651 | $11.98 | $21M | — | — |
| SNDX - Syndax Pharmaceuticals | 1.16% | Hold | 612,600 | $24.03 | $15M | — | — |
| ALKS - Alkermes | 1.07% | Hold | 603,400 | $22.33 | $13M | — | — |
| ANAB - Anaptysbio | 0.87% | Hold | 431,024 | $25.51 | $11M | — | — |
| ALGN - Align Technology | 0.73% | Hold | 44,305 | $207.11 | $9M | — | — |
| EHTH - Ehealth | 0.61% | Add +19.5% | 1,977,993 | $3.91 | $8M | +323,300 | −$8M |
| Gritstone Oncology | 0.47% | Hold | 2,330,504 | $2.57 | $6M | — | — |
| Kezar Life Sciences | 0.45% | Hold | 656,200 | $8.61 | $6M | — | — |
| CYTK - Cytokinetics | 0.43% | Hold | 111,717 | $48.45 | $5M | — | — |
| Clovis Oncology | 0.42% | Hold | 4,473,967 | $1.19 | $5M | — | — |
| TVTX - Travere Therapeutics | 0.32% | Hold | 166,069 | $24.64 | $4M | — | — |
| Provention Bio | 0.14% | New | 390,800 | $4.50 | $2M | +390,800 | +$2M |
| MIRM - Mirum Pharmaceuticals | 0.11% | Hold | 64,700 | $21.00 | $1M | — | — |
| Alimera Sciences | 0.08% | Hold | 200,919 | $5.08 | $1M | — | — |
| ALDX - Aldeyra Therapeutics | 0.07% | Hold | 160,800 | $5.34 | $859K | — | — |
| Magenta Therapeutics | 0.05% | Hold | 432,300 | $1.41 | $610K | — | — |
| Holding | 0.02% | Hold | 27,100 | $7.79 | $211K | — | — |
| Marinus Pharmaceuticals | 0.02% | Hold | 31,330 | $6.64 | $208K | — | — |
| URGN - Urogen Pharma | 0.02% | Hold | 24,500 | $8.33 | $204K | — | — |
Exits / last held
not current holdings · last reported size, unchanged · gone vs 2022 Q2
| Stock | % of portfolio | Recent activity | Shares | Reported price* | Value | Share change | $ change |
|---|---|---|---|---|---|---|---|
| Epizyme | 0.87% | Exit | 0 | $1.47 | $10M | −6,774,541 | −$10M |
| NVAX - Novavax | 0.06% | Exit | 0 | $51.44 | $643K | −12,500 | −$643K |
Filings history
20 periods · normalized AUM · open a period for holdings
| Period | Holdings | AUM | QoQ | Form | Filed | Filing ID |
|---|---|---|---|---|---|---|
| 2026 Q2 | 52 | $724M | +10.7% | RESTATEMENT | 8/19/2026 | 000207367926000102 |
| 2026 Q2 | 52 | $724M | — | RESTATEMENT | 8/18/2026 | 000207367926000101 |
| 2026 Q2 | 52 | $724M | — | 13F-HR | 8/17/2026 | 000207367926000096 |
| 2026 Q1 | 51 | $654M | −8.9% | 13F-HR | 5/15/2026 | 000130692326000004 |
| 2025 Q4 | 49 | $718M | +33.0% | 13F-HR | 2/17/2026 | 000130692326000002 |
| 2025 Q3 | 44 | $540M | +14.9% | 13F-HR | 11/14/2025 | 000130692325000019 |
| 2025 Q2 | 45 | $470M | −10.5% | 13F-HR | 8/14/2025 | 000130692325000016 |
| 2025 Q1 | 44 | $525M | −18.6% | 13F-HR | 5/15/2025 | 000130692325000014 |
| 2024 Q4 | 43 | $645M | −16.2% | 13F-HR | 2/14/2025 | 000130692325000010 |
| 2024 Q3 | 45 | $770M | −10.8% | 13F-HR | 11/14/2024 | 000130692324000012 |
| 2024 Q2 | 39 | $863M | −2.7% | 13F-HR | 8/14/2024 | 000130692324000010 |
| 2024 Q1 | 38 | $887M | −19.9% | 13F-HR | 5/15/2024 | 000130692324000008 |
| 2023 Q4 | 34 | $1.1B | — | RESTATEMENT | 2/15/2024 | 000130692324000007 |
| 2023 Q4 | 34 | $1.1B | +4.7% | 13F-HR | 2/14/2024 | 000130692324000002 |
| 2023 Q3 | 29 | $1.1B | −14.6% | 13F-HR | 11/14/2023 | 000130692323000014 |
| 2023 Q2 | 30 | $1.2B | +2.6% | 13F-HR | 8/14/2023 | 000130692323000012 |
| 2023 Q1 | 30 | $1.2B | +2.9% | 13F-HR | 5/15/2023 | 000130692323000011 |
| 2022 Q4 | 29 | $1.2B | −7.3% | 13F-HR | 2/14/2023 | 000130692323000009 |
| 2022 Q3 | 32 | $1.3B | +10.3% | 13F-HR | 11/14/2022 | 000130692322000016 |
| 2022 Q2 | 33 | $1.1B | −11.3% | 13F-HR | 8/15/2022 | 000130692322000015 |
| 2022 Q1 | 35 | $1.3B | −17.4% | 13F-HR | 5/16/2022 | 000130692322000014 |
| 2021 Q4 | 37 | $1.6B | −5.6% | 13F-HR | 2/14/2022 | 000130692322000004 |
| 2021 Q3 | 42 | $1.7B | — | 13F-HR | 11/15/2021 | 000130692321000026 |
About
Palo Alto Investors LP
23 processed 13Fs on this site · 2021 Q3–2026 Q2