Latest SECTOR GAMMA AS Stock Portfolio

$423Million | No. of Holdings #42

SECTOR GAMMA AS Performance

2026 Q1-1.24%

YTD-1.24%

2025+14.39%

About SECTOR GAMMA AS and 13F Hedge Fund Stock Holdings

On 2026-05-07, the fund reported it's updated stock portfolio. In the 13F Holdings report, SECTOR GAMMA AS reported an equity portfolio of $423.5 Millions as of 31 Mar, 2026. <br><br> The top stock holdings of SECTOR GAMMA AS are BMY, MRK, PFE. The fund has invested 11.9% of it's portfolio in BRISTOL-MYERS SQUIBB CO and 7.4% of portfolio in MERCK & CO INC. <br><br> The fund managers got completely rid off THERMO FISHER SCIENTIFIC INC (TMO), REGENERON PHARMACEUTICALS (REGN) and HCA HEALTHCARE INC (HCA) stocks. They significantly reduced their stock positions in GILEAD SCIENCES INC (GILD), BECTON DICKINSON & CO (BDX) and EDWARDS LIFESCIENCES CORP (EW). SECTOR GAMMA AS opened new stock positions in UNITEDHEALTH GROUP INC (UNH), ABBOTT LABS (ABT) and IQVIA HLDGS INC (IQV). The fund showed a lot of confidence in some stocks as they added substantially to ELEVANCE HEALTH INC FORMERLY (ANTX), ASCENDIS PHARMA A/S (ASND) and PFIZER INC (PFE).

SECTOR GAMMA AS Equity Portfolio Value

Last Reported on: 07 May, 2026

$423Million

as of May 07, 2026

SECTOR GAMMA AS Annual Return Estimates Vs S&P 500

Our best estimate is that SECTOR GAMMA AS made a return of -1.24% in the last quarter. In trailing 12 months, it's portfolio return was 8.37%.

Performance
S&P 500

New Buys

Ticker	$ Bought
unitedhealth group inc	9,858,950
abbott labs	8,986,910
iqvia hldgs inc	6,860,820
qiagen nv	6,501,340
humana inc	3,329,440
bridgebio pharma inc	3,286,970
iovance biotherapeutics inc	3,159,000
denali therapeutics inc	3,124,030

New stocks bought by SECTOR GAMMA AS

Additions

Ticker	% Inc.
elevance health inc formerly	35.08
ascendis pharma a/s	30.67
pfizer inc	26.97
organon & co	25.32
ptc therapeutics inc	21.12
biomarin pharmaceutical inc	20.86
zimmer biomet holdings inc	17.63
syndax pharmaceuticals inc	13.47

Additions to existing portfolio by SECTOR GAMMA AS

Reductions

Ticker	% Reduced
gilead sciences inc	-69.82
becton dickinson & co	-37.59
edwards lifesciences corp	-37.34
centene corp del	-37.08
labcorp holdings inc	-29.61
merck & co inc	-28.41
dexcom inc	-26.27
cvs health corp	-23.8

SECTOR GAMMA AS reduced stake in above stock

Sold off

Ticker	$ Sold
certara inc	-2,031,280
cg oncology inc	-2,160,660
thermo fisher scientific inc	-12,567,100
hca healthcare inc	-5,034,620
regeneron pharmaceuticals	-5,530,450

SECTOR GAMMA AS got rid off the above stocks

Sector Distribution

SECTOR GAMMA AS has about 92.7% of it's holdings in Healthcare sector.

Healthcare
Others
Basic Materials

Sector	%
Healthcare	92.7
Others	6
Basic Materials	1.3

Market Cap. Distribution

SECTOR GAMMA AS has about 74.7% of it's portfolio invested in the large-cap and mega-cap stocks.

LARGE-CAP
MID-CAP
MEGA-CAP
UNALLOCATED
SMALL-CAP
NANO-CAP

Category	%
LARGE-CAP	65
MID-CAP	10.6
MEGA-CAP	9.7
UNALLOCATED	6
SMALL-CAP	5.6
NANO-CAP	3

Stocks belong to which Index?

About 79.5% of the stocks held by SECTOR GAMMA AS either belong to S&P 500 or RUSSELL 2000 index.

S&P 500
Others
RUSSELL 2000

Index	%
S&P 500	69.3
Others	20.4
RUSSELL 2000	10.2

Top 5 Winners (%)		%
LNTH	lantheus hldgs inc	13.9 %
MRK	merck & co inc	12.3 %
BMY	bristol-myers squibb co	11.8 %
PFE	pfizer inc	11.3 %
SNDX	syndax pharmaceuticals inc	10.4 %

Top 5 Winners ($)		$
BMY	bristol-myers squibb co	5.3 M
MRK	merck & co inc	4.7 M
PFE	pfizer inc	3.1 M
GILD	gilead sciences inc	1.9 M
AMGN	amgen inc	1.3 M

Top 5 Losers (%)		%
AVTR	avantor inc	-31.6 %
BRKR	bruker corp	-23.3 %
KURA	kura oncology inc	-20.7 %
CRNX	crinetics pharmaceuticals in	-20.0 %
CNC	centene corp del	-16.6 %

Top 5 Losers ($)		$
BDX	becton dickinson & co	-4.0 M
BRKR	bruker corp	-2.8 M
MDT	medtronic plc	-2.6 M
AVTR	avantor inc	-2.5 M
ANTX	elevance health inc formerly	-2.2 M

SECTOR GAMMA AS Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of SECTOR GAMMA AS

SECTOR GAMMA AS has 42 stocks in it's portfolio. About 54.1% of the portfolio is in top 10 stocks. BDX proved to be the most loss making stock for the portfolio. BMY was the most profitable stock for SECTOR GAMMA AS last quarter.

$423.49MTotal Value

47.00Positions

07 May, 2026Last Reported

Current holdings of Current Stock Holdings of SECTOR GAMMA AS, last reported on 07 May, 2026. Select a row with a linked ticker to view its historical trend.
Holdingsorted ascending	% Portfolio	Shares Held	$ Value	% Change
ABT Abbott Labs Abbott LabsABT SECTOR GAMMA AS's holding in Abbott Labs over time	2.12%	87,532	$8.99M 2.12%	new position

AMGN Amgen Inc Amgen IncAMGN SECTOR GAMMA AS's holding in Amgen Inc over time	3.92%	47,155	$16.59M 3.92%	decreased 22.64 percentreduced

ANTX Elevance Health Inc Formerly Elevance Health Inc FormerlyANTX SECTOR GAMMA AS's holding in Elevance Health Inc Formerly over time	3.04%	43,962	$12.87M 3.04%	increased 35.08 percentadded

ARDX Ardelyx Inc Ardelyx IncARDX SECTOR GAMMA AS's holding in Ardelyx Inc over time	0.73%	516,131	$3.09M 0.73%	new position

ARWR Arrowhead Pharmaceuticals In Arrowhead Pharmaceuticals InARWR SECTOR GAMMA AS's holding in Arrowhead Pharmaceuticals In over time	0.44%	30,000	$1.88M 0.44%	new position

ASND Ascendis Pharma A/S Ascendis Pharma A/S ASND SECTOR GAMMA AS's holding in Ascendis Pharma A/S over time	1.15%	21,305	$4.87M 1.15%	increased 30.67 percentadded

AVTR Avantor Inc Avantor IncAVTR SECTOR GAMMA AS's holding in Avantor Inc over time	1.29%	695,403	$5.45M 1.29%	unchanged 0 percentunchanged

BBIO Bridgebio Pharma Inc Bridgebio Pharma IncBBIO SECTOR GAMMA AS's holding in Bridgebio Pharma Inc over time	0.78%	44,263	$3.29M 0.78%	new position

BDX Becton Dickinson & Co Becton Dickinson & CoBDX SECTOR GAMMA AS's holding in Becton Dickinson & Co over time	3.07%	82,615	$12.99M 3.07%	decreased 37.59 percentreduced

BIIB Biogen Inc Biogen IncBIIB SECTOR GAMMA AS's holding in Biogen Inc over time	3.9%	90,096	$16.52M 3.9%	increased 5.41 percentadded

BIO Bio Rad Labs Inc Bio Rad Labs IncBIO SECTOR GAMMA AS's holding in Bio Rad Labs Inc over time	1.56%	23,750	$6.62M 1.56%	unchanged 0 percentunchanged

BMRN Biomarin Pharmaceutical Inc Biomarin Pharmaceutical IncBMRN SECTOR GAMMA AS's holding in Biomarin Pharmaceutical Inc over time	3.2%	239,918	$13.55M 3.2%	increased 20.86 percentadded

BMY Bristol-Myers Squibb Co Bristol-Myers Squibb CoBMY SECTOR GAMMA AS's holding in Bristol-Myers Squibb Co over time	11.86%	827,901	$50.21M 11.86%	increased 10.99 percentadded

BRKR Bruker Corp Bruker CorpBRKR SECTOR GAMMA AS's holding in Bruker Corp over time	2.17%	254,010	$9.17M 2.17%	decreased 0.27 percentreduced

CAH Cardinal Health Inc Cardinal Health IncCAH SECTOR GAMMA AS's holding in Cardinal Health Inc over time	2.74%	54,897	$11.60M 2.74%	decreased 11.38 percentreduced

CERT Certara Inc Certara IncCERT SECTOR GAMMA AS's holding in Certara Inc over time	0%	0.00	$0.00 0%	decreased 100 percentsold off

CNC Centene Corp Del Centene Corp DelCNC SECTOR GAMMA AS's holding in Centene Corp Del over time	1.26%	162,405	$5.32M 1.26%	decreased 37.08 percentreduced

COGT Cogent Biosciences Inc Cogent Biosciences IncCOGT SECTOR GAMMA AS's holding in Cogent Biosciences Inc over time	0.73%	80,000	$3.08M 0.73%	new position

CRNX Crinetics Pharmaceuticals In Crinetics Pharmaceuticals InCRNX SECTOR GAMMA AS's holding in Crinetics Pharmaceuticals In over time	0.81%	94,195	$3.42M 0.81%	decreased 18.09 percentreduced

CVS Cvs Health Corp Cvs Health CorpCVS SECTOR GAMMA AS's holding in Cvs Health Corp over time	2.3%	135,337	$9.72M 2.3%	decreased 23.8 percentreduced