SECTOR GAMMA AS

Q4 2025 13F-HR Holdings

Location
Oslo, Q8
Holdings as of
12/31/2025
Date filed
2/12/2026
Form type
13F-HR
Num holdings
36
Total value ($000)
$438,714
Net value change ($000)
+35,396 (8.8%)
New positions
3
Sold out positions
8
Turnover %
12.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/31/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BMY 14,022 53.5%
MRK 11,211 41.4%
ELV 8,306 267.7%
REGN 5,530 NEW
CRNX 5,353 NEW
BDX 5,320 26.1%
GILD 5,309 32.5%
BIIB 4,470 42.3%
INCY 4,213 24.2%
BRKR 3,847 47.2%
Top Reduces (Value $000, Stocks/ETFs)
PFE -10,500 -32.9%
BAX -8,688 -100.0%
VTRS -6,622 -100.0%
HUM -6,229 -100.0%
ELAN -6,188 -100.0%
ICLR -4,369 -100.0%
SOLV -4,326 -100.0%
OGN -3,656 -63.0%
IONS -3,092 -17.4%
MDT -2,998 -10.4%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type