RTW INVESTMENTS, LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, RTW INVESTMENTS, LP maintained a portfolio of 103 distinct positions. The most significant new addition to the portfolio was IRHYTHM TECHNOLOGIES, which now represents 2.10% of the total fund value. They heavily accumulated shares in INSMED INC, increasing their position by 57.0%. The fund also reduced its exposure to STRYKER CORPORATION by 50.0%.
PCA Score Concentration Risk
Risk ENB
Total Positions
103
Quarter
2025 Q4
Top Holding
MDGL (11.6%)
Top 10 Concentration
50.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 103
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
MDGL
MADRIGAL PHARMA...
Healthcare 11.63% 11.27% #1
Prev: #1
7.0 no change no change
P
S
1,993,687 $1,161,003,688 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
INSM
INSMED INC
Healthcare 8.44% 5.47% #2 3
Prev: #5
7.9 1,758,321 57.0%
P
S
4,842,879 $842,854,661 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PTCT
PTC THERAPEUTIC...
Healthcare 5.89% 5.86% #3 1
Prev: #4
4.4 no change no change
P
S
7,746,415 $588,417,683 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ARGX
ARGENX SE
Healthcare 5.67% 6.12% #4 2
Prev: #2
3.8 no change no change
P
S
673,497 $566,377,302 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PTGX
PROTAGONIST THE...
Healthcare 4.43% 4.71% #5 1
Prev: #6
2.8 -697,224 -12.1%
P
S
5,059,053 $441,857,689 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NTRA
NATERA INC
Healthcare 3.44% 3.97% #6 1
Prev: #7
1.4 -500,000 -25.0%
P
S
1,500,000 $343,635,000 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RDNT
RADNET INC
Healthcare 2.81% 2.64% #7 4
Prev: #11
3.6 1,122,956 39.9%
P
S
3,938,500 $281,011,975 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TARS
TARSUS PHARMACE...
Healthcare 2.74% 2.33% #8 5
Prev: #13
1.6 157,884 5.0%
P
S
3,335,320 $273,096,002 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
COGT
COGENT BIOSCIEN...
Healthcare 2.70% 0.61% #9 31
Prev: #40
4.1 4,124,755 119.0%
P
S
7,592,241 $269,676,400 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PEN
PENUMBRA INC
Healthcare 2.70% 2.70% #10
Prev: #10
2.1 no change no change
P
S
866,499 $269,403,204 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IRTC
IRHYTHM TECHNOL...
Healthcare 2.10% #11
Prev: #—
4.3 1,181,990 no change
NEW
1,181,990 $209,732,306 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
APGE
APOGEE THERAPEU...
Healthcare 2.05% 1.33% #12 9
Prev: #21
1.8 no change no change
P
S
2,712,097 $204,709,082 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
APLS
APELLIS PHARMAC...
Healthcare 1.93% #13
Prev: #—
4.3 7,666,764 no change
NEW
7,666,764 $192,589,112 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ACAD
ACADIA PHARMACE...
Healthcare 1.91% 1.88% #14 2
Prev: #16
1.8 no change no change
P
S
7,144,524 $190,830,236 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ESTA
ESTABLISHMENT L...
Healthcare 1.89% 1.31% #15 7
Prev: #22
1.8 no change no change
P
S
2,588,831 $188,674,003 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
STOK
STOKE THERAPEUT...
Healthcare 1.76% 1.48% #16 4
Prev: #20
2.7 423,331 8.3%
P
S
5,546,856 $176,057,209 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RGEN
REPLIGEN CORP
Healthcare 1.75% #17
Prev: #—
4.2 1,064,000 no change
NEW
1,064,000 $174,347,040 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CYTK
CYTOKINETICS IN...
Healthcare 1.73% 1.84% #18 1
Prev: #17
1.7 no change no change
P
S
2,721,158 $172,902,379 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IMCR
IMMUNOCORE HLDG...
Healthcare 1.69% 2.18% #19 4
Prev: #15
1.7 no change no change
P
S
4,869,798 $169,030,689 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AXSM
AXSOME THERAPEU...
Healthcare 1.62% 1.67% #20 1
Prev: #19
0.6 -230,882 -20.6%
P
S
888,001 $162,184,503 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GH
GUARDANT HEALTH...
Healthcare 1.52% 1.14% #21 4
Prev: #25
1.6 no change no change
P
S
1,481,033 $151,272,711 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NBIX
NEUROCRINE BIOS...
Healthcare 1.51% 1.84% #22 4
Prev: #18
1.6 no change no change
P
S
1,062,072 $150,633,672 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SYRE
SPYRE THERAPEUT...
Healthcare 1.37% 0.75% #23 12
Prev: #35
2.5 550,000 15.2%
P
S
4,171,996 $136,674,589 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ZLAB
ZAI LAB LTD
Healthcare 1.23% 0.96% #24 6
Prev: #30
3.5 4,667,660 203.7%
P
S
6,959,032 $122,757,324 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IMTX
IMMATICS N.V
Healthcare 1.20% 0.93% #25 6
Prev: #31
3.0 2,617,737 29.7%
P
S
11,433,354 $120,050,217 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BLTE
BELITE BIO INC
Healthcare 1.15% 0.28% #26 27
Prev: #53
3.5 402,832 128.9%
P
S
715,332 $114,424,507 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
URGN
UROGEN PHARMA L...
Healthcare 1.07% 1.12% #27 1
Prev: #26
1.4 no change no change
P
S
4,543,895 $106,418,021 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
XNCR
XENCOR INC
Healthcare 1.04% 0.90% #28 4
Prev: #32
2.4 556,407 8.9%
P
S
6,777,461 $103,762,928 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PODD
INSULET CORP
Healthcare 0.92% #29
Prev: #—
3.9 324,600 no change
NEW
324,600 $92,264,304 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TSHA
TAYSHA GENE THE...
Healthcare 0.90% 0.98% #30 1
Prev: #29
0.4 -7,955,994 -32.7%
P
S
16,398,297 $90,190,634 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MASI
MASIMO CORP
Healthcare 0.89% 1.24% #31 8
Prev: #23
1.4 no change no change
P
S
683,294 $88,869,218 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
QURE
UNIQURE NV
Healthcare 0.89% 3.18% #32 23
Prev: #9
0.9 -713,506 -16.1%
P
S
3,711,462 $88,815,286 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SYK
STRYKER CORPORA...
Healthcare 0.86% 2.23% #33 19
Prev: #14
0.3 -245,000 -50.0%
P
S
245,000 $86,110,150 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CGON
CG ONCOLOGY INC
Healthcare 0.84% 0.84% #34 1
Prev: #33
2.3 310,911 18.3%
P
S
2,012,127 $83,543,513 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CSTL
CASTLE BIOSCIEN...
Healthcare 0.82% #35
Prev: #—
3.8 2,115,237 no change
NEW
2,115,237 $82,282,719 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IMVT
IMMUNOVANT INC
Healthcare 0.81% #36
Prev: #—
3.8 3,177,850 no change
NEW
3,177,850 $80,780,947 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BBNX
BETA BIONICS IN...
Healthcare 0.76% 0.81% #37 3
Prev: #34
0.3 -799,191 -24.2%
P
S
2,500,000 $76,175,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GHRS
GH RESEARCH PLC
Healthcare 0.75% 0.98% #38 10
Prev: #28
2.3 364,251 6.5%
P
S
5,933,815 $75,359,451 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
REPL
REPLIMUNE GROUP...
Healthcare 0.70% 0.33% #39 12
Prev: #51
2.3 744,620 11.6%
P
S
7,140,352 $69,404,221 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RARE
ULTRAGENYX PHAR...
Healthcare 0.69% 1.21% #40 16
Prev: #24
0.8 -258,127 -7.9%
P
S
3,000,139 $69,003,197 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CRNX
CRINETICS PHARM...
Healthcare 0.63% 0.45% #41 6
Prev: #47
3.3 478,939 54.9%
P
S
1,351,326 $62,904,225 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ORKA
ORUKA THERAPEUT...
Healthcare 0.62% 0.46% #42 3
Prev: #45
2.2 112,499 5.8%
P
S
2,058,148 $62,382,466 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RCKT
ROCKET PHARMACE...
Healthcare 0.62% 0.71% #43 7
Prev: #36
1.2 no change no change
P
S
17,687,772 $62,084,080 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CMPS
COMPASS PATHWAY...
Healthcare 0.61% 0.61% #44 5
Prev: #39
0.7 50,000 0.6%
P
S
8,757,390 $60,425,991 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ISRG
INTUITIVE SURGI...
Healthcare 0.57% 1.12% #45 18
Prev: #27
0.2 -101,228 -50.0%
P
S
101,228 $57,331,490 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RAPT
RAPT THERAPEUTI...
Healthcare 0.56% 0.47% #46 2
Prev: #44
2.2 166,666 11.3%
P
S
1,637,165 $55,450,779 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CELC
CELCUITY INC
Healthcare 0.55% #47
Prev: #—
3.7 550,160 no change
NEW
550,160 $54,872,958 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VSTM
VERASTEM INC
Healthcare 0.51% 0.59% #48 7
Prev: #41
2.7 1,150,000 21.2%
P
S
6,576,306 $50,769,082 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ALKS
ALKERMES PLC
Healthcare 0.47% 0.62% #49 11
Prev: #38
1.2 no change no change
P
S
1,672,356 $46,792,521 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CNTA
CENTESSA PHARMA...
Healthcare 0.45% 0.68% #50 13
Prev: #37
0.2 -500,910 -21.9%
P
S
1,790,837 $44,788,833 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 103 holdings

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