Darwin Global Management, Ltd.

Q2 2025 13F-HR Holdings

Location
St. Helier, Y9
Holdings as of
6/30/2025
Date filed
8/14/2025
Form type
13F-HR
Num holdings
5
Total value ($000)
$2,383,372
Net value change ($000)
+920,302 (62.9%)
New positions
2
Sold out positions
0
Turnover %
2.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/15/2025 Next filing: 11/14/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 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)
INSM 723,708 60.3%
VRNA 141,456 57.5%
CDTX 37,999 NEW
Merus N.V. 20,970 NEW
Top Reduces (Value $000, Stocks/ETFs)
ALLO -3,831 -23.7%
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