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Braidwell Portfolio holdings

AUM $3B
1-Year Est. Return 46.72%
This Fund
S&P 500
This Quarter Est. Return
+0.18%
1 Year Est. Return
+46.72%
3 Year Est. Return
+56.07%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$3.03B
AUM Growth
+$47.9M
Cap. Flow
-$1.25B
Cap. Flow %
-41.28%
Top 10 Hldgs %
36.47%
Holding
100
New
13
Increased
18
Reduced
21
Closed
19

Top Buys

Rank Stock Value
1
NBIX icon
Neurocrine Biosciences
NBIX
+$79.8M
2
DAWN
Day One Biopharmaceuticals
DAWN
+$37.4M
3
ENTA icon
Enanta Pharmaceuticals
ENTA
+$34M
4
HROW icon
Harrow
HROW
+$24.8M
5
IMCR icon
Immunocore
IMCR
+$24M

Top Sells

Rank Stock Value
1
NTRA icon
Natera
NTRA
+$30.7M
2
TVTX icon
Travere Therapeutics
TVTX
+$30.6M
3
CRNX icon
Crinetics Pharmaceuticals
CRNX
+$26.8M
4
QDEL icon
QuidelOrtho
QDEL
+$25.7M
5
ACAD icon
Acadia Pharmaceuticals
ACAD
+$23.8M

Sector Composition

Rank Sector Weight
1 Healthcare 54.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IMGN
76
DELISTED
Immunogen Inc
IMGN
– –
-3,474,497
Closed -$17.2M
1 2 3
4

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Braidwell's Q1 2023 Portfolio in Review

As of Q1 2023, Braidwell held 100 positions worth $3.03B, up 1.6% from $2.98B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Braidwell withdrew a net $1.25B in Q1 2023, closing 19 positions and reducing 21 holdings. Its most notable exit was Travere Therapeutics, an estimated $30.6M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 54% of assets, down from 57% a quarter earlier.

Against the trend, Braidwell opened a new position in Neurocrine Biosciences worth $77.6M.

  • Braidwell's largest Q1 2023 buy was Neurocrine Biosciences: 766,800 shares worth $77.6M.
  • Braidwell added most to Day One Biopharmaceuticals in Q1 2023, an estimated $37.4M increase.
  • Braidwell's biggest Q1 2023 reduction was Natera, cutting an estimated $30.7M.
  • Braidwell fully exited Travere Therapeutics in Q1 2023, selling an estimated $30.6M.
  • Braidwell's ten largest holdings make up 36% of its $3.03B portfolio in Q1 2023.
  • Braidwell opened 13 new positions and closed 19 in Q1 2023.
  • Braidwell's portfolio value rose 1.6% quarter-over-quarter to $3.03B.

Based on Braidwell's 13F filing for Q1 2023, filed 15 May 2023.