Institutions / Palo Alto Investors LP

Palo Alto Investors LP

CIK 1306923 · Institution · as of Mar 31, 2026
Portfolio value
$653.86M
Positions
51
As of
Mar 31, 2026

Portfolio trend

Portfolio value

$653.86M-9.0%
$718.35M$686.11M$653.86MQ4 '25Q1 '26

Positions

51+4.1%
515049Q4 '25Q1 '26

Top holdings

Mar 31, 2026View all 51 →
CompanyClassValueShares% of portfolio
Insmed Inc$67.90M415,26910.4%
ACADIA Pharmaceuticals Inc$63.95M2,872,6959.8%
PTC Therapeutics Inc$62.79M921,6079.6%
BioMarin Pharmaceutical Inc$38.71M685,1825.9%
United Therapeutics Corp$37.24M62,8095.7%
AnaptysBio, Inc.$35.39M638,1615.4%
Mirum Pharmaceuticals, Inc.$30.04M325,1754.6%
Dyne Therapeutics, Inc.$29.97M1,652,9724.6%
Biogen Inc.$25.80M140,7193.9%
Disc Medicine, Inc.IRONCommon Stock$25.69M401,7193.9%
Iovance Biotherapeutics, Inc.$22.29M6,349,5633.4%
Syndax Pharmaceuticals Inc$20.21M864,9863.1%
Annexon, Inc.$16.33M2,948,0902.5%
Amicus Therapeutics Inc$16.09M1,113,0452.5%
NovoCure Ltd$13.96M1,280,4392.1%
Ultragenyx Pharmaceutical Inc.$12.50M596,4951.9%
Prothena Corp Public Ltd Co$11.75M1,208,5681.8%
Bicara Therapeutics Inc.$10.95M550,4081.7%
Celldex Therapeutics, Inc.$9.40M296,4081.4%
CareDx, Inc.$9.23M531,8701.4%
Alkermes plc.$8.58M242,5601.3%
Compass Therapeutics, Inc.$8.01M1,514,5041.2%
Agios Pharmaceuticals, Inc.$7.23M213,6011.1%
Align Technology, Inc.$7.12M41,5201.1%
Capricor Therapeutics, Inc.$6.98M229,7631.1%

Activity

InsidersInstitutions
This fund's 13F position changes — what it's buying and selling.
DateActionCompanyValueShares ΔPosition afterImpact
Q1 2026
as of
TrimAmicus Therapeutics Inc$-59.18M-4.1M
-78.62%
1,113,045
2.46% of portfolio
high
Q1 2026
as of
AddMirum Pharmaceuticals, Inc.$15.59M+169K
+107.88%
325,175
4.59% of portfolio
medium
Q1 2026
as of
ExitGossamer Bio, Inc.$-13.86M-4.5M
-100.00%
medium
Q1 2026
as of
TrimInsmed Inc$-12.14M-74K
-15.16%
415,269
10.39% of portfolio
medium
Q1 2026
as of
NewCelldex Therapeutics, Inc.$9.40M+296K
296,408
1.44% of portfolio
medium
Q1 2026
as of
AddACADIA Pharmaceuticals Inc$8.65M+389K
+15.65%
2,872,695
9.78% of portfolio
medium
Q1 2026
as of
TrimBiogen Inc.$-7.86M-43K
-23.34%
140,719
3.95% of portfolio
medium
Q1 2026
as of
TrimDenali Therapeutics Inc.$-7.81M-407K
-63.42%
234,582
0.69% of portfolio
medium
Q1 2026
as of
AddIRON
Disc Medicine, Inc.
Common Stock
$5.39M+84K
+26.54%
401,719
3.93% of portfolio
medium
Q1 2026
as of
TrimCompass Therapeutics, Inc.$-5.38M-1.0M
-40.20%
1,514,504
1.23% of portfolio
medium