Palo Alto Investors LP

CIK: 0001306923Latest portfolio: $718.4M · Q4 2025

Holdings

49

Total Value

$718.4M

New Positions

8

Closed Positions

3

#StockSharesValue% PortfolioChangeType
1
IM8NINSMED INC
489,482$85.2M11.86%-2,323
2
AM6AMICUS THERAPEUTICS INC
5,205,767$74.1M10.32%-162,031
3
PTCTPTC THERAPEUTICS INC
903,916$68.7M9.56%+41K
4
ACADACADIA PHARMACEUTICALS INC
2,484,031$66.3M9.24%+17K
5
BMRNBIOMARIN PHARMACEUTICAL INC
746,256$44.3M6.17%-7,751
6
ANABANAPTYSBIO INC
690,032$33.5M4.66%+17K
7
BIIBBIOGEN INC
183,571$32.3M4.50%-2,090
8
DYNDYNE THERAPEUTICS INC
1,472,197$28.8M4.01%+210K
9
UTHUNITED THERAPEUTICS CORP
58,186$28.4M3.95%
10
IRONDISC MEDICINE INC
317,456$25.2M3.51%+93K
11
IOVAIOVANCE BIOTHERAPEUTICS INC
7,116,676$19.4M2.70%-501,456
12
NVCRNOVOCURE LTD
1,298,964$16.8M2.34%+43K
13
SNDXSYNDAX PHARMACEUTICALS INC
794,507$16.7M2.32%+140K
14
GOSSGOSSAMER BIO INC
4,471,592$13.9M1.93%-992,757
15
CMPXCOMPASS THERAPEUTICS INC
2,532,419$13.6M1.89%NEW
16
PRTAPROTHENA CORP PLC
1,320,510$12.6M1.76%-3,518
17
MIRMMIRUM PHARMACEUTICALS INC
156,421$12.4M1.72%+92K
18
ANNXANNEXON INC
2,384,192$12.0M1.67%NEW
19
RAREULTRAGENYX PHARMACEUTICAL IN
461,294$10.6M1.48%+92K
20
DNLIDENALI THERAPEUTICS INC
641,239$10.6M1.47%+233K
21
CDNACAREDX INC
478,220$9.0M1.25%+162K
22
EHTHEHEALTH INC
1,531,429$7.0M0.98%-13,190
23
ALKSALKERMES PLC
242,560$6.8M0.94%+59K
24
CAPRCAPRICOR THERAPEUTICS INC
226,304$6.5M0.91%NEW
25
TSHATAYSHA GENE THERAPIES INC
1,183,195$6.5M0.91%-62,838

Quarterly Changes

New Positions

Closed Positions

Increased Positions

NameSharesChange
DNLI641K+233K
DYN1.5M+210K
CDNA478K+162K
SNDX795K+140K
IRON317K+93K
RARE461K+92K
ALKS243K+59K
NVCR1.3M+43K
PTCT904K+41K
ACAD2.5M+17K

Decreased Positions

NameSharesChange
GOSS4.5M-992757
IOVA7.1M-501456
AM65.2M-162031
TSHA1.2M-62838
AGIO212K-52998
EHTH1.5M-13190
BMRN746K-7751
AFW42K-4215
PRTA1.3M-3518
IM8N489K-2323

Sector Breakdown

Healthcare0.0% ($6.866166348443493e+174T)
Unknown0.0% ($8518974130.3T)
Financial Services0.0% ($7.0M)

Filing History

QuarterFiling DatePortfolio ValueHoldings
Q4 2025Feb 17, 2026$718.4M49
Q3 2025Nov 14, 2025$540.4B44
Q2 2025Aug 14, 2025$470.0B45
Q1 2025May 15, 2025$525.1B44
Q4 2024Feb 14, 2025$645.4B43

Fund Information

CIK0001306923
Most Recent FilingFeb 17, 2026
Number of Filings5

Palo Alto Investors LP is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $718.4M across 49 holdings. The largest position is INSMED INC (IM8N), representing 11.9% of the portfolio. Compared to the previous quarter, the fund opened 8 new positions and closed 3 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.