Lead Investor

Andreas Halvorsen

Viking Global Investors LP

Q4 2025

filed 2026-02-17

SEC 13F-HR ↗

AUM Reported

$37.7B

Positions

Versus

Q3 2025

What changed this quarter

$37.7B reported 13F value across the latest filing. Largest new stake: ALPHABET INC-CL A (GOOGL) at $835M. Largest closed prior-quarter stake: BLACKROCK INC (BLK) worth $722M. Largest added reported exposure: VISA INC-CLASS A SHARES (V) by $408M. Largest reduced reported exposure: JPMORGAN CHASE & CO (JPM) by $982M.

+21 new−23 closed↑17 increased↓29 decreased| 9 unchangedreported 13F value change -$827M

Exposure view

Quarter-end weights. Market performance can move these bars even when shares are unchanged.

Sector exposure shifts

Consumer Staples

−3 pp

Financials

−3 pp

Consumer Discretionary

+3 pp

Information Technology

+2 pp

Communication Services

−1 pp

Industrials

+1 pp

Real Estate

+1 pp

Materials

+1 pp

center line = no change

Position movements

Largest adds
GOOGL
ALPHABET INC-CL A
new$835M
ICE
INTERCONTINENTAL EXCHANGE IN
new$778M
AMZN
AMAZON.COM INC
new$722M

Largest exits / trims
JPM
JPMORGAN CHASE & CO
trimmed$995M
COF
CAPITAL ONE FINANCIAL CORP
trimmed$943M
BLK
BLACKROCK INC
closed$722M

Price = reported fair value divided by reported shares at quarter-end. Since q-end shows price change since the end of the reported quarter; ordinary-share rows also include estimated value move, while shaded option rows show underlying stock move only and sort after ordinary equity.

NEW POSITIONS (21)+$7.6B deployed

Ticker	Name	Sector	Themes	Granular	Price*	Since q-end*	Size	Change
GOOGL	ALPHABET INC-CL A	Communication Services / Internet Content & Information	-	-	$313.00	+$124M (+14.9%)	$835M	NEW
ICE	INTERCONTINENTAL EXCHANGE IN	Financials / Financial Data & Stock Exchanges	-	-	$161.96	-$103M (-13.2%)	$778M	NEW
AMZN	AMAZON.COM INC	Consumer Discretionary / Internet Retail	-	-	$230.82	+$24M (+3.3%)	$722M	NEW
DKS	DICK'S SPORTING GOODS INC	Consumer Discretionary / Specialty Retail	-	-	$197.97	+$59M (+11.6%)	$509M	NEW
TMO	THERMO FISHER SCIENTIFIC INC	Health Care / Diagnostics & Research	-	-	$579.45	-$87M (-19.0%)	$460M	NEW
N82405106	STELLANTIS N.V	Unclassified / Unclassified	-	-	$11.12	-	$434M	NEW
CCL	CARNIVAL CORP	Consumer Discretionary / Travel Services	-	-	$30.54	-$19M (-4.5%)	$429M	NEW
UNH	UNITEDHEALTH GROUP INC	Health Care / Healthcare Plans	-	-	$330.11	+$94M (+23.8%)	$395M	NEW
H1467J104	CHUBB LIMITED	Unclassified / Unclassified	-	-	$312.12	-	$316M	NEW
PGR	PROGRESSIVE CORP	Financials / Insurance - Property & Casualty	-	-	$227.72	-$33M (-10.8%)	$303M	NEW
LII	LENNOX INTERNATIONAL INC	Industrials / Building Products & Equipment	-	-	$485.58	+$17M (+5.5%)	$302M	NEW
TW	TRADEWEB MARKETS INC-CLASS A	Financials / Capital Markets	-	-	$107.54	-$18M (-5.9%)	$298M	NEW
MDLN	MEDLINE INC-CL A	Health Care / Medical Instruments & Supplies	-	-	$42.00	-$38M (-12.8%)	$292M	NEW
AJG	ARTHUR J GALLAGHER & CO	Financials / Insurance Brokers	-	-	$258.79	-$42M (-15.5%)	$269M	NEW
DLR	DIGITAL REALTY TRUST INC	Real Estate / REIT - Specialty	-	-	$154.71	+$44M (+19.1%)	$233M	NEW
LOW	LOWE'S COS INC	Consumer Discretionary / Home Improvement Retail	-	-	$241.16	-$19M (-8.5%)	$220M	NEW
FIG	FIGMA INC-CL A	Information Technology / Software - Application	-	-	$37.37	-$108M (-50.4%)	$215M	NEW
ITUB	ITAU UNIBANCO H-SPON PRF ADR	Financials / Banks - Regional	-	-	$7.16	+$24M (+11.6%)	$203M	NEW
RIOT	RIOT PLATFORMS INC	Financials / Capital Markets	-	-	$12.67	+$173M (+110.0%)	$157M	NEW
IQV	IQVIA HOLDINGS INC	Health Care / Diagnostics & Research	-	-	$225.41	-$27M (-19.5%)	$140M	NEW
WST	WEST PHARMACEUTICAL SERVICES	Health Care / Medical Instruments & Supplies	-	-	$275.14	+$16M (+19.5%)	$81M	NEW

INCREASED (17)+$2.5B value change on added shares

Ticker	Name	Sector	Themes	Granular	Price*	Since q-end*	Size	Change
V	VISA INC-CLASS A SHARES	Financials / Credit Services	-	-	$341.38 -> $350.71	-$113M (-8.1%)	+37.5%	+$408M
TSM	TAIWAN SEMICONDUCTOR-SP ADR	Information Technology / Semiconductors	-	-	$279.29 -> $303.89	+$590M (+39.5%)	+24.6%	+$392M
MSFT	MICROSOFT CORP	Information Technology / Software - Infrastructure	-	-	$517.95 -> $483.62	-$299M (-19.2%)	+32.4%	+$298M
ROST	ROSS STORES INC	Consumer Discretionary / Apparel Retail	-	-	$152.39 -> $180.14	+$190M (+33.3%)	+56.5%	+$262M
CHWY	CHEWY INC - CLASS A	Consumer Discretionary / Internet Retail	-	-	$40.45 -> $33.05	-$186M (-41.6%)	+146.9%	+$226M
BA	BOEING CO/THE	Industrials / Aerospace & Defense	-	-	$215.83 -> $217.12	+$8M (+0.9%)	+31.3%	+$209M
APD	AIR PRODUCTS & CHEMICALS INC	Materials / Specialty Chemicals	-	-	$272.72 -> $247.02	+$165M (+14.0%)	+30.4%	+$181M
MAA	MID-AMERICA APARTMENT COMM	Real Estate / REIT - Residential	-	-	$139.73 -> $138.91	+$78K (+0.0%)	+46.7%	+$169M
CPT	CAMDEN PROPERTY TRUST	Real Estate / REIT - Residential	-	-	$106.78 -> $110.08	+$23M (+4.5%)	+23.9%	+$114M
DKNG	DRAFTKINGS INC-CL A	Consumer Discretionary / Gambling	-	-	$37.40 -> $34.46	-$104M (-15.8%)	+27.4%	+$98M
MCD	MCDONALD'S CORP	Consumer Discretionary / Restaurants	-	-	$303.89 -> $305.63	-$75M (-6.8%)	+7.2%	+$81M
DIS	WALT DISNEY CO/THE	Communication Services / Entertainment	-	-	$114.50 -> $113.77	-$154M (-12.1%)	+7.1%	+$77M
SE	SEA LTD-ADR	Consumer Discretionary / Internet Retail	-	-	$178.73 -> $127.57	-$164M (-35.0%)	+20.8%	-$75M
TSLA	TESLA INC	Consumer Discretionary / Auto Manufacturers	-	-	$444.72 -> $449.72	-$74M (-9.6%)	+5.6%	+$48M
SHW	SHERWIN-WILLIAMS CO/THE	Materials / Specialty Chemicals	-	-	$346.26 -> $324.03	-$21M (-2.1%)	+10.1%	+$30M
TMUS	T-MOBILE US INC	Communication Services / Telecom Services	-	-	$239.38 -> $203.04	-$52M (-6.9%)	+15.1%	-$19M
RRX	REGAL REXNORD CORP	Industrials / Specialty Industrial Machinery	-	-	$143.44 -> $140.32	+$232M (+51.3%)	+3.2%	+$4M

DECREASED (29)-$3.7B value change on trimmed shares

Ticker	Name	Sector	Themes	Granular	Price*	Since q-end*	Size	Change
JPM	JPMORGAN CHASE & CO	Financials / Banks - Diversified	-	-	$315.43 -> $322.22	-$3M (-0.5%)	-62.3%	-$982M
COF	CAPITAL ONE FINANCIAL CORP	Financials / Credit Services	-	-	$212.58 -> $242.36	-$170M (-23.8%)	-60.0%	-$855M
BAC	BANK OF AMERICA CORP	Financials / Banks - Diversified	-	-	$51.59 -> $55.00	+$5M (+1.9%)	-60.9%	-$346M
CVNA	CARVANA CO	Consumer Discretionary / Auto & Truck Dealerships	-	-	$377.24 -> $422.02	-$380M (-84.8%)	-49.5%	-$345M
BBIO	BRIDGEBIO PHARMA INC	Health Care / Biotechnology	-	-	$51.94 -> $76.49	-$139M (-12.7%)	-9.9%	+$271M
GM	GENERAL MOTORS CO	Consumer Discretionary / Auto Manufacturers	-	-	$60.97 -> $81.32	+$1M (+0.2%)	-47.8%	-$241M
G0403H108	AON PLC	Unclassified / Unclassified	-	-	$356.58 -> $352.88	-	-44.6%	-$228M
G76279101	ROIVANT SCIENCES LTD	Unclassified / Unclassified	-	-	$15.13 -> $21.70	-	-72.7%	-$217M
SCHW	SCHWAB (CHARLES) CORP	Financials / Capital Markets	-	-	$95.47 -> $99.91	-$122M (-8.8%)	-16.3%	-$197M
AMD	ADVANCED MICRO DEVICES	Information Technology / Semiconductors	-	-	$161.79 -> $214.16	+$1.1B (+138.9%)	-10.5%	+$125M
HCA	HCA HEALTHCARE INC	Health Care / Medical Care Facilities	-	-	$426.20 -> $466.86	-$80M (-17.1%)	-27.6%	-$122M
H42097107	UBS GROUP AG	Unclassified / Unclassified	-	-	$40.84 -> $46.66	-	-30.3%	-$109M
BMRN	BIOMARIN PHARMACEUTICAL INC	Health Care / Biotechnology	-	-	$54.16 -> $59.43	-$21M (-5.9%)	-27.5%	-$92M
MASI	MASIMO CORP	Health Care / Medical Devices	-	-	$147.55 -> $130.06	+$26M (+38.4%)	-52.1%	-$91M
CLS	CELESTICA INC	Information Technology / Electronic Components	-	-	$246.38 -> $295.61	+$166M (+33.0%)	-1.4%	+$78M
PNC	PNC FINANCIAL SERVICES GROUP	Financials / Banks - Regional	-	-	$200.93 -> $208.73	+$211M (+13.9%)	-8.4%	-$78M
CSX	CSX CORP	Industrials / Railroads	-	-	$35.51 -> $36.25	+$156M (+31.2%)	-13.4%	-$65M
RAL	RALLIANT CORP	Information Technology / Electronic Components	-	-	$43.73 -> $50.91	+$48M (+29.8%)	-37.8%	-$61M
CSGP	COSTAR GROUP INC	Real Estate / Real Estate Services	-	-	$84.37 -> $67.24	-$50M (-51.2%)	-22.0%	-$59M
SAIA	SAIA INC	Industrials / Trucking	-	-	$299.36 -> $326.52	+$170M (+47.9%)	-21.3%	-$59M
FTV	FORTIVE CORP	Information Technology / Scientific & Technical Instruments	-	-	$48.99 -> $55.21	+$95M (+8.9%)	-6.1%	+$58M
INBX	INHIBRX BIOSCIENCES INC	Health Care / Biotechnology	-	-	$33.68 -> $79.00	+$19M (+16.7%)	-19.6%	+$53M
G0260P102	AMER SPORTS INC	Unclassified / Unclassified	-	-	$34.75 -> $37.35	-	-24.1%	-$41M
G51502105	JOHNSON CTLS INTL PLC	Unclassified / Unclassified	-	-	$109.95 -> $119.75	-	-12.9%	-$39M
NAMS	NEWAMSTERDAM PHARMA COMPANY NV	Health Care / Biotechnology	-	-	$28.44 -> $35.08	-$20M (-13.3%)	-35.1%	-$37M
ORIC	ORIC PHARMACEUTICALS INC	Health Care / Biotechnology	-	-	$12.00 -> $8.18	+$592K (+1.1%)	-0.0%	-$25M
BSX	BOSTON SCIENTIFIC CORP	Health Care / Medical Devices	-	-	$97.63 -> $95.35	-$122M (-50.8%)	-5.0%	-$19M
APG	API GROUP CORP	Industrials / Engineering & Construction	-	-	$34.37 -> $38.26	+$47M (+10.7%)	-6.2%	+$18M
TRVI	TREVI THERAPEUTICS INC	Health Care / Biotechnology	-	-	$9.15 -> $12.52	+$5M (+13.5%)	-37.6%	-$7M

CLOSED (23)$7.2B prior value exited

Closed value is the prior quarter-end reported stake value, not realized sale proceeds or fund P/L.

Ticker	Name	Sector	Themes	Granular	Price*	Since q-end*	Size	Change
BLK	BLACKROCK INC	Financials / Asset Management	-	-	$990.58-$1,219.94	-	was $722M	CLOSED
PM	PHILIP MORRIS INTERNATIONAL	Consumer Staples / Tobacco	-	-	$142.11-$164.06	-	was $718M	CLOSED
META	META PLATFORMS INC-CLASS A	Communication Services / Internet Content & Information	-	-	$581.25-$759.16	-	was $682M	CLOSED
NKE	NIKE INC -CL B	Consumer Discretionary / Footwear & Accessories	-	-	$56.99-$76.97	-	was $627M	CLOSED
NFLX	NETFLIX INC	Communication Services / Entertainment	-	-	$91.33-$124.86	-	was $600M	CLOSED
COR	CENCORA INC	Health Care / Medical Distribution	-	-	$296.08-$377.54	-	was $556M	CLOSED
DHR	DANAHER CORP	Health Care / Diagnostics & Research	-	-	$198.63-$234.99	-	was $545M	CLOSED
PRMB	PRIMO BRANDS CORP	Consumer Staples / Beverages - Non-Alcoholic	-	-	$14.36-$23.14	-	was $509M	CLOSED
KKR	KKR & CO INC	Financials / Asset Management	-	-	$112.00-$144.84	-	was $352M	CLOSED
CMG	CHIPOTLE MEXICAN GRILL INC	Consumer Discretionary / Restaurants	-	-	$29.75-$42.82	-	was $260M	CLOSED
EW	EDWARDS LIFESCIENCES CORP	Health Care / Medical Devices	-	-	$72.30-$87.89	-	was $239M	CLOSED
D18190898	DEUTSCHE BANK AG	Unclassified / Unclassified	-	-	$35.16	-	was $215M	CLOSED
CBRE	CBRE GROUP INC - A	Real Estate / Real Estate Services	-	-	$146.68-$171.00	-	was $191M	CLOSED
INTU	INTUIT INC	Information Technology / Software - Application	-	-	$619.82-$689.17	-	was $180M	CLOSED
DECK	DECKERS OUTDOOR CORP	Consumer Discretionary / Footwear & Accessories	-	-	$78.91-$105.84	-	was $175M	CLOSED
FSLR	FIRST SOLAR INC	Information Technology / Solar	-	-	$216.63-$285.99	-	was $169M	CLOSED
APP	APPLOVIN CORP-CLASS A	Communication Services / Advertising Agencies	-	-	$489.30-$738.01	-	was $117M	CLOSED
RYAN	RYAN SPECIALTY HOLDINGS INC	Financials / Insurance - Specialty	-	-	$50.29-$59.19	-	was $109M	CLOSED
ITGR	INTEGER HOLDINGS CORP	Health Care / Medical Devices	-	-	$62.00-$111.99	-	was $106M	CLOSED
TEVA	TEVA PHARMACEUTICAL-SP ADR	Health Care / Drug Manufacturers - Specialty & Generic	-	-	$18.83-$31.99	-	was $51M	CLOSED
STUB	STUBHUB HOLDINGS INC-CLASS A	Communication Services / Internet Content & Information	-	-	$9.83-$21.49	-	was $34M	CLOSED
CART	MAPLEBEAR INC	Consumer Discretionary / Internet Retail	-	-	$34.78-$47.29	-	was $31M	CLOSED
G31249108	ESTABLISHMENT LABS HLDGS INC	Unclassified / Unclassified	-	-	$40.99	-	was $14M	CLOSED

Mark-to-market since quarter-end +$1Blatest quotes: 6/12/2026

Estimated from reported quarter-end value per share versus latest Yahoo Finance quotes. This is not cost basis or realized fund P/L.

Ticker	Name	Shares	Q-end px	Latest	Move	Est. value move
AMD	ADVANCED MICRO DEVICES	3,742,191	$214.16	$511.57	+138.9%	+$1.1B
TSM	TAIWAN SEMICONDUCTOR-SP ADR	4,914,896	$303.89	$423.93	+39.5%	+$590M
CVNA	CARVANA CO	1,061,533	$422.02	$64.10	-84.8%	-$380M
MSFT	MICROSOFT CORP	3,217,642	$483.62	$390.74	-19.2%	-$299M
RRX	REGAL REXNORD CORP	3,223,940	$140.32	$212.31	+51.3%	+$232M
PNC	PNC FINANCIAL SERVICES GROUP	7,287,068	$208.73	$237.66	+13.9%	+$211M
ROST	ROSS STORES INC	3,167,479	$180.14	$240.13	+33.3%	+$190M
CHWY	CHEWY INC - CLASS A	13,536,645	$33.05	$19.31	-41.6%	-$186M
RIOT	RIOT PLATFORMS INC	12,428,894	$12.67	$26.61	+110.0%	+$173M
SAIA	SAIA INC	1,088,582	$326.52	$482.87	+47.9%	+$170M
COF	CAPITAL ONE FINANCIAL CORP	2,952,317	$242.36	$184.73	-23.8%	-$170M
CLS	CELESTICA INC	1,699,236	$295.61	$393.12	+33.0%	+$166M
APD	AIR PRODUCTS & CHEMICALS INC	4,782,534	$247.02	$281.62	+14.0%	+$165M
SE	SEA LTD-ADR	3,671,545	$127.57	$82.94	-35.0%	-$164M
CSX	CSX CORP	13,817,539	$36.25	$47.57	+31.2%	+$156M
DIS	WALT DISNEY CO/THE	11,193,504	$113.77	$100.04	-12.1%	-$154M
BBIO	BRIDGEBIO PHARMA INC	14,393,934	$76.49	$66.80	-12.7%	-$139M
GOOGL	ALPHABET INC-CL A	2,666,272	$313.00	$359.68	+14.9%	+$124M
SCHW	SCHWAB (CHARLES) CORP	13,872,905	$99.91	$91.10	-8.8%	-$122M
BSX	BOSTON SCIENTIFIC CORP	2,509,808	$95.35	$46.91	-50.8%	-$122M
V	VISA INC-CLASS A SHARES	3,984,205	$350.71	$322.39	-8.1%	-$113M
FIG	FIGMA INC-CL A	5,752,388	$37.37	$18.54	-50.4%	-$108M
ORKA	ORUKA THERAPEUTICS INC	2,666,690	$30.31	$69.89	+130.6%	+$106M
DKNG	DRAFTKINGS INC-CL A	19,119,912	$34.46	$29.00	-15.8%	-$104M
ICE	INTERCONTINENTAL EXCHANGE IN	4,803,197	$161.96	$140.53	-13.2%	-$103M
FTV	FORTIVE CORP	19,228,265	$55.21	$60.14	+8.9%	+$95M
UNH	UNITEDHEALTH GROUP INC	1,197,273	$330.11	$408.52	+23.8%	+$94M
TMO	THERMO FISHER SCIENTIFIC INC	793,187	$579.45	$469.34	-19.0%	-$87M
HCA	HCA HEALTHCARE INC	999,180	$466.86	$387.18	-17.1%	-$80M
MCD	MCDONALD'S CORP	3,619,215	$305.63	$284.81	-6.8%	-$75M
TSLA	TESLA INC	1,699,741	$449.72	$406.43	-9.6%	-$74M
DKS	DICK'S SPORTING GOODS INC	2,572,969	$197.97	$220.99	+11.6%	+$59M
TIC	TIC SOLUTIONS INC	34,360,000	$10.11	$8.46	-16.3%	-$57M
TMUS	T-MOBILE US INC	3,754,218	$203.04	$189.10	-6.9%	-$52M
CSGP	COSTAR GROUP INC	1,442,582	$67.24	$32.84	-51.2%	-$50M
RAL	RALLIANT CORP	3,162,630	$50.91	$66.08	+29.8%	+$48M
APG	API GROUP CORP	11,537,518	$38.26	$42.34	+10.7%	+$47M
DLR	DIGITAL REALTY TRUST INC	1,507,988	$154.71	$184.20	+19.1%	+$44M
AJG	ARTHUR J GALLAGHER & CO	1,040,977	$258.79	$218.69	-15.5%	-$42M
ADPT	ADAPTIVE BIOTECHNOLOGIES	29,993,708	$16.24	$17.60	+8.4%	+$41M
MDLN	MEDLINE INC-CL A	6,959,157	$42.00	$36.61	-12.8%	-$38M
PGR	PROGRESSIVE CORP	1,331,538	$227.72	$203.11	-10.8%	-$33M
IQV	IQVIA HOLDINGS INC	619,236	$225.41	$181.46	-19.5%	-$27M
MASI	MASIMO CORP	514,340	$130.06	$179.95	+38.4%	+$26M
AMZN	AMAZON.COM INC	3,126,816	$230.82	$238.55	+3.3%	+$24M
ITUB	ITAU UNIBANCO H-SPON PRF ADR	28,396,545	$7.16	$7.99	+11.6%	+$24M
CPT	CAMDEN PROPERTY TRUST	4,764,495	$110.08	$114.98	+4.5%	+$23M
LAB	STANDARD BIOTOOLS INC	58,651,170	$1.28	$0.89	-30.6%	-$23M
SHW	SHERWIN-WILLIAMS CO/THE	3,172,308	$324.03	$317.30	-2.1%	-$21M
BMRN	BIOMARIN PHARMACEUTICAL INC	6,036,936	$59.43	$55.95	-5.9%	-$21M
NAMS	NEWAMSTERDAM PHARMA COMPANY NV	4,203,567	$35.08	$30.40	-13.3%	-$20M
CCL	CARNIVAL CORP	14,061,827	$30.54	$29.18	-4.5%	-$19M
INBX	INHIBRX BIOSCIENCES INC	1,437,705	$79.00	$92.20	+16.7%	+$19M
LOW	LOWE'S COS INC	912,040	$241.16	$220.78	-8.5%	-$19M
TW	TRADEWEB MARKETS INC-CLASS A	2,768,659	$107.54	$101.19	-5.9%	-$18M
PEPG	PEPGEN INC	3,482,434	$6.51	$1.47	-77.4%	-$18M
SION	SIONNA THERAPEUTICS INC	3,195,181	$41.14	$35.92	-12.7%	-$17M
LII	LENNOX INTERNATIONAL INC	621,311	$485.58	$512.15	+5.5%	+$17M
WST	WEST PHARMACEUTICAL SERVICES	295,028	$275.14	$328.82	+19.5%	+$16M
BA	BOEING CO/THE	3,953,087	$217.12	$219.05	+0.9%	+$8M
TRVI	TREVI THERAPEUTICS INC	3,198,644	$12.52	$14.21	+13.5%	+$5M
BAC	BANK OF AMERICA CORP	4,494,629	$55.00	$56.02	+1.9%	+$5M
JPM	JPMORGAN CHASE & CO	1,905,982	$322.22	$320.72	-0.5%	-$3M
DNA	GINKGO BIOWORKS HOLDINGS INC	3,577,128	$8.31	$7.89	-5.1%	-$2M
GM	GENERAL MOTORS CO	6,806,095	$81.32	$81.50	+0.2%	+$1M
ORIC	ORIC PHARMACEUTICALS INC	6,572,691	$8.18	$8.27	+1.1%	+$592K
MAA	MID-AMERICA APARTMENT COMM	3,880,048	$138.91	$138.93	+0.0%	+$78K

9 positions held steady · $1.3B (3.4% of AUM) click to expand

Ticker	Name	Sector	Themes	Granular	Shares	Value	% port
ADPT	ADAPTIVE BIOTECHNOLOGIES	Health Care	—	—	29,993,708	$487M	1.3%
TIC	TIC SOLUTIONS INC	Industrials	—	—	34,360,000	$347M	0.9%
SION	SIONNA THERAPEUTICS INC	Health Care	—	—	3,195,181	$131M	0.3%
N69605108	PHARVARIS N V	—	—	—	3,653,310	$101M	0.3%
ORKA	ORUKA THERAPEUTICS INC	Health Care	—	—	2,666,690	$81M	0.2%
LAB	STANDARD BIOTOOLS INC	Health Care	—	—	58,651,170	$75M	0.2%
DNA	GINKGO BIOWORKS HOLDINGS INC	Health Care	—	—	3,577,128	$30M	0.1%
PEPG	PEPGEN INC	Health Care	—	—	3,482,434	$23M	0.1%
75120L100	RALLYBIO CORP	—	—	—	4,194,777	$3M	0.0%