Baker Bros Advisors - Q42025 Holdings

Baker Bros Advisors holds 85 stocks with a total portfolio value of $ 17.08B as of Q42025. In Q42025, Baker Bros Advisors added 9 new positions, increased stakes in 23 stocks, reduced 7 holdings, and fully exited 14 positions. The largest holding is Incyte Corporation (INCY), representing 17.78% of the total portfolio.