Tracking Baker Brothers Portfolio – Q4 2019 Update

• Baker Brothers’ 13F portfolio value increased from $14.70B to $18.81B this quarter. 
• Kodiak Sciences stake was increased while decreasing Amarin Corp during the quarter. 
• The top-three positions are Seattle Genetics, Incyte Corporation, and BeiGene and they add up to almost ~55% of the portfolio. 

This article is part of a series that provides an ongoing analysis of the changes made to Baker Brothers’ 13F portfolio on a quarterly basis. It is based on Baker Brothers’ regulatory 13F Form filed on 02/14/2020.

This quarter, Baker Brothers’ 13F portfolio value increased ~28% from $14.70B to $18.81B. The top three holdings are at ~55% while the top five holdings are at 70% of the 13F assets: Seattle Genetics (SGEN), Incyte Corporation (INCY), BeiGene (BGNE), Acadia Pharma (ACAD), and Alexion Pharmaceuticals (ALXN).

The spreadsheet below highlights changes to Baker Brothers’ 13F holdings in Q4 2019. For a look at how the portfolio has progressed, please see our previous update:

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