BB Biotech Portfolio holdings

AUM $3.98B

2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+15.43%

1 Year Return

+15.06%

3 Year Return

+120.36%

5 Year Return

+263.74%

10 Year Return

–

AUM

$1.39B

AUM Growth

–

Cap. Flow

+$1.39B

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

84.97%

Holding

New

Increased

–

Reduced

–

Closed

–

Top Buys

1	CELG Celgene Corp CELG	$252M
2	Ionis Pharmaceuticals IONS	$209M
3	Gilead Sciences GILD	$190M
4	Incyte INCY	$118M
5	Vertex Pharmaceuticals VRTX	$112M

Top Sells

No sells this quarter

Sector Composition

Healthcare

88.31%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	CELG 1 DELISTED Celgene Corp CELG	$252M	18.12%	+2,150,186	New	+$252M
2	2 Ionis Pharmaceuticals IONS $6.79B	$209M	15.04%	+7,769,172	New	+$209M
3	3 Gilead Sciences GILD $140B	$190M	13.67%	+3,700,000	New	+$190M
4	4 Incyte INCY $16.5B	$118M	8.49%	+5,357,149	New	+$118M
5	5 Vertex Pharmaceuticals VRTX $100B	$112M	8.1%	+1,404,445	New	+$112M
6	ALXN 6 DELISTED Alexion Pharmaceuticals Inc ALXN	$71.8M	5.17%	+778,126	New	+$71.8M
7	MDVN 7 DELISTED MEDIVATION, INC. MDVN	$71.3M	5.14%	+1,449,706	New	+$71.3M
8	ARIA 8 DELISTED Ariad Pharmaceuticals Inc ARIA	$54.5M	3.93%	+3,115,371	New	+$54.5M
9	IMGN 9 DELISTED Immunogen Inc IMGN	$54.1M	3.9%	+3,262,094	New	+$54.1M
10	ONXX 10 DELISTED ONYX PHARMACEUTICALS INC ONXX	$47.4M	3.42%	+546,500	New	+$47.4M
11	11 Halozyme HALO $8.56B	$44.9M	3.23%	+5,646,519	New	+$44.9M
12	12 Innoviva INVA $1.29B	$34.2M	2.47%	+888,244	New	+$34.2M
13	ECYT 13 DELISTED Endocyte, Inc. Common Stock ECYT	$30.7M	2.21%	+2,339,345	New	+$30.7M
14	OPTR 14 DELISTED OPTIMER PHARMACEUTICALS, INC. COM STK OPTR	$20.9M	1.51%	+1,446,700	New	+$20.9M
15	INFI 15 DELISTED Infinity Pharmaceuticals, Inc. INFI	$17.6M	1.27%	+1,089,828	New	+$17.6M
16	16 Alnylam Pharmaceuticals ALNY $58.5B	$14.1M	1.02%	+454,800	New	+$14.1M
17	ACHN 17 DELISTED Achillion Pharmaceuticals, Inc. ACHN	$13.7M	0.99%	+1,679,340	New	+$13.7M
18	18 BioMarin Pharmaceuticals BMRN $11.2B	$9.92M	0.71%	+178,028	New	+$9.92M
19	MDCO 19 DELISTED Medicines Co MDCO	$9.32M	0.67%	+302,993	New	+$9.32M
20	IDIX 20 DELISTED IDENIX PHARMACEUTICALS INC IDIX	$4.51M	0.33%	+1,250,000	New	+$4.51M
21	DNDN 21 DELISTED DENDREON CORPORATION DNDN	$4.18M	0.3%	+1,014,800	New	+$4.18M
22	TSRX 22 DELISTED TRIUS THERAPEUTICS INC COM STK (DE) TSRX	$2.27M	0.16%	+280,000	New	+$2.27M
23	GEVA 23 DELISTED SYNAGEVA BIOPHARMA CORP COM STK (DE) GEVA	$2.25M	0.16%	+53,549	New	+$2.25M