The position was left unchanged during the previous quarter. The stock currently trades at $23.62. BAKER BROTHERS LIFE SCIENCES, L.P. By: BAKER BROS. ADVISORS LP, management company and investment adviser to Baker Brothers Life Sciences, L.P., pursuant to authority granted to it by Baker Brothers Life Sciences Capital, L.P., general partner to Baker Brothers Life Sciences, L.P., and not as the general partner. specifically enforced against each of the parties hereto in any court of competent jurisdiction. value $0.0001 per share. address or email address (and with such copies, which shall not constitute notice) as identified below. In that regard, the valuation seems compressed. (n)Termination. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. (d)Successors and Assigns. The cookies is used to store the user consent for the cookies in the category "Necessary". Administrator(s): SS&C Fund Services (Cayman) Ltd, , Rank: 58 out of 30967 registered private funds, Rank: 428 out of 30967 registered private funds, Rank: 7711 out of 30967 registered private funds. Retail investors should be wary of just copying the funds portfolio. 1001 and 1030). But Chicago's lab space is . This is crucial when investing in the biotech industry, as each company is very unique, requiring niche knowledge to understand its business model. Instead, they emphasize that focusing on specific companies, which they can analyze and understand deeply and place concentrated positions in their securities, can generate superior returns over the long term. email address below and choose 'Submit'. (h)Series C Preferred means shares of the Companys Series C Preferred Stock, par value Baker Brothers Life Sciences LP. Lists Featuring This Company Early Stage Venture Investors (Top 10K) 10,000 Number of Organizations $63B Total Funding Amount 1,945 Number of Investors Track Private New York Companies (Top 10K) (l)Further Assurances. Baker Brothers Life Sciences LP; Firm: Fund # CIK # 0001363364: Sale: Fund: Phone: 2123395633: Address: 667 Madison Avenue New York, New York 10065: Source While the fund has made great gains since, the recent plunge has definitely compressed its unrealized gains, as the position was held stable once again. the provisions of this Agreement shall be appropriately adjusted. SEC form, multiple filers or classes of filers, and much more.***. the slate of nominees recommended to the Companys stockholders for election as directors of the Company an Investor Designee if the Investor already has at least one Investor Designee serving as a director on the Board of Directors at the time Disclosure: I/we have a beneficial long position in the shares of ACAD, BMRN, INCY either through stock ownership, options, or other derivatives. 12b-2 under the Securities Exchange Act of 1934, as amended. the Investor and its Affiliates, collectively, no longer beneficially own the Required Shares, (ii)the third (3rd) anniversary of the closing of the IPO, and (iii)the consummation of a Deemed Liquidation Event (as defined in the DBV Technologies therapies are investigational and not FDA approved. Baker Brothers Life Sciences, L.P. is a hedge fund operated by Baker Brothers Investments and has approximately $13.9 billion in assets. In the event of any change in the capitalization of the Company, as a result of any stocksplit, stock dividend or stock combination or otherwise, The top three positions are Seagen, BeiGene, and Incyte Corporation and they add up to almost ~64% of the portfolio. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. That was followed with a ~45% stake increase in Q1 2017 at prices between ~$100 and ~$150. Finally, the two brothers dont believe in diversifying the funds portfolio. Please send any feedback, corrections, or questions to support@suredividend.com. No delay or omission to Baker Brothers Life Sciences is a 2006 vintage buyout fund managed by Baker Brothers Investments. This cookie is set by GDPR Cookie Consent plugin. The position was built to ~20.5M shares in the 2004-2011 timeframe at prices between low-single-digits and low-20s. The Adviser has complete and unlimited discretion and authority with respect to the investment and voting power of the securities held by the Funds. Incyte Corporation (INCY): INCY was already a 1.67M share stake in their first 13F filing in Q2 2003. Shares started trading at ~$49 and currently goes for $13.27. All notices required or permitted under this Agreement must be in writing and sent to the Michael Goller has served as a member of the Board of Directors since 2015. Q2 & Q4 2020 saw a two-thirds stake increase at prices between ~$12.50 and ~$57.50. BeiGene Limited (BGNE): The large (top three) 18.60% BGNE stake has been in the portfolio since their US listing in Q1 2016. This is one of the funds highest conviction picks, as Baker Bros still owns nearly 26% of the companys shares, which have been held since 2010. The stock currently trades at $47.55. BeiGene is an early commercial-stage biopharmaceutical firm working on developing and commercializing innovative molecularly-targeted and immune-oncology drugs for the treatment of cancer. benefit of, and be binding upon, the successors, assigns, heirs, executors, and administrators of the parties hereto. 212-339-5600. Note: Regulatory filings since the quarter ended show them owning 4.7M shares (15.1% of business) of Entrada Therapeutics (TRDA). Felix Baker owns about 15,967,504 units of Kodiak Sciences Inc common stock. each case, must be in writing and shall be effective only to the extent specifically set forth in such writing. Kodiak Sciences (KOD): KOD is a large (top five) ~6% of the portfolio position. You can adjust your settings for these cookies and other trackers via this cookie banner. THIS AMENDED AND RESTATED NOMINATING AGREEMENT (this Agreement), dated as of April22, 2021, by and among TScan To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Click to reveal This website uses cookies to improve your experience. Note: Baker Brothers controls ~29% of the business. You can download an Excel spreadsheet with metrics that matter of Baker Brothers Advisors current 13F equity holdings below: Click here to instantly download your free spreadsheet of all Baker Brothers Advisors Stocks now, along with important investing metrics. It does not store any personal data. (g)Required Shares means at least 75% of the shares of the Series C Preferred purchased by If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Baker Bros. Advisors LP 860 Washington Street, 3rdFloor New York, NY 10014 (212) 339-5690 (Name, address and telephone number of person authorized to receive notices and communications) January 12, 2023 (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule The Baker Brothers Entities nominated Fuchs as one of eight nominees to the board of directors at AnorMED, Inc. and, it can be inferred, given the timing, that Fuchs was also appointed by the Baker Brothers Entities to the Mirati All text and design is copyright 2020 WhaleWisdom.com. Q4 2016 saw a stake doubling at prices between ~$28 and ~$36. Major activity in the last decade follows. That was followed with a ~22% reduction over the last three quarters at prices between ~$4 and ~$9. Necessary cookies enable the website to function properly. Brothers Julian and Felix Baker have earned their guru status on Wall Street, having delivered an exceptional track record of annualized returns over the years. Agreement. The Baker brothers have built a truly special hedge fund. The stock currently trades at ~$153. All rights reserved. attendance at such meeting is reasonably likely to adversely affect the attorney-client privilege between the Company and its counsel or (ii)access to such information or attendance at such meeting is reasonably likely to result in a conflict PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Necessary cookies are absolutely essential for the website to function properly. Fund structure AUM Fund type; Baker Brothers Investments: $25.71 bn: 667, L.P. $2.27 bn: Hedge Fund: Baker Brothers Life Sciences, L.P. $23.42 bn: Hedge Fund: Hcif Offshore LP: Latest filings (excl ownership) Employees: 2,680 21823 30TH DRIVE SE, SUITE, BOTHELL, WA, 98021 4255274000 seagen.com Seagen Inc. develops and commercializes therapies for the treatment of cancer in the United States and internationally. Nonetheless, BeiGene produces miniature revenues against its $18.7 billion market cap, indicating that investors are betting heavily on the companys long-term prospects. BAKER BROTHERS LIFE SCIENCES CAPITAL, L.P. N/A BAKER BROTHERS LIFE SCIENCES CAPITAL, L.P. GENERAL PARTNER BAKER BROTHERS LIFE SCIENCES CAPITAL, L.P. GENERAL PARTNER OF THE GENERAL PARTNER BAKER BROTHERS LIFE SCIENCES CAPITAL (GP), LLC. There was a marginal increase in Q1 2021. BioMarin Pharmaceutical (BMRN): A small stake in BMRN was first purchased in 2006 but was eliminated the following year at higher prices. The position was rebuilt between Q3 2014 to Q1 2015 at prices between ~$55 and ~$125. This article is part of a series that provides an ongoing analysis of the changes made to Baker Brothers 13F stock portfolio on a quarterly basis. Companys shares are listed, the Bylaws or any policy, or guidelines previously approved by the Board of Directors, provided that a direct or indirect purpose of any such policy or guideline is not to obstruct the Investors right to The stock is now at $89.08. Kath Lavidge '74, P '09 - Chair. now or hereafter have to the venue of such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient forum. AMENDED AND RESTATED NOMINATING AGREEMENT. Although there are ~120 positions in the 13F portfolio, the holdings are concentrated among a few large stakes. Subject to Section3(n) below, the provisions of this Agreement shall apply to the full extent set forth herein with respect to any and all shares of capitalstock of the Company or any successor or assign of the Company For more information, contact opendata@sec.gov. Shares plunged by a massive 45%, and they have yet to recover since then. Julian & Felix Baker also separately own ~550K additional shares. subject to the conditions set forth herein. Apellis Pharma (APLS): The small 0.63% APLS stake saw a ~36% increase last quarter at prices between ~$41 and ~$65. Last two quarters have seen minor increases. Since then, the activity has been minor. The funds strategy includes utilizing a fundamentally-driven way of investing to come up with its investment decisions, also known as bottom-up investing. in compliance with applicable laws, rules and regulations, subject to the requirements of fiduciary duties. 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