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Institutional Investment Manager
BAKER BROS. ADVISORS LP
BAKER BROS. ADVISORS LP (CIK: 0001263508) incorporated in Delaware, located at 860 Washington Street, New York, NY. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q1)
Portfolio Summary: 108 holdings with a total value of $7,867,925,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 SEATTLE GENETICS INC 20,739,426 944,887,000 12.01%
2 SYNAGEVA BIOPHARMA CORP 10,648,182 883,480,000 11.23%
3 PHARMACYCLICS INC 8,737,888 875,711,000 11.13%
4 INCYTE 14,835,559 793,999,000 10.09%
5 ACADIA PHARMACEUTICALS INC COM 20,481,442 498,313,000 6.33%
6 Salix Pharmaceuticals Inc 05/15/2015 2.750% 219,440,000 491,957,000 6.25% PRN
7 GENOMIC HEALTH INC COM 13,654,150 359,650,000 4.57%
8 Incyte Corporation 274,500,000 350,417,000 4.45% PRN
9 Incyte Corporation 259,000,000 326,745,000 4.15% PRN
10 INCYTE CORP SR NT CONV 4.750% 10/01/15 B/EDTD 03/30/10 0221 UBS FINANCIAL SERVICES INC. A/C MR06471 40,446,000 245,887,000 3.13% PRN
11 INTERMUNE INC 4,324,843 144,752,000 1.84%
12 Auxilium Pharmaceuticals Inc 97,990,000 128,796,000 1.64% PRN
13 BIOMARIN 1,883,230 128,455,000 1.63%
14 XOMA CORP DEL 23,057,572 120,130,000 1.53%
15 Intermune 41,000,000 107,856,000 1.37% PRN
16 INTERCEPT PHARMACEUTICAL 256,375 84,550,000 1.07%
17 BIOMARIN PHARMACEUTICAL INC 22,898,000 77,127,000 0.98% PRN
18 HALOZYME THERAPEUTICS INC 5,698,139 72,366,000 0.92%
19 VANDA PHARMACEUTICALS INC COM 4,445,696 72,243,000 0.92%
20 GILEAD SCIENCES 21,500,000 66,903,000 0.85% PRN
21 BIOCRYST PHARMACEUTICALS 5,867,031 62,073,000 0.79%
22 Anacor Pharmaceuticals Inc 3,095,318 61,937,000 0.79%
23 Medivation Inc 04/01/2017 2.625% 39,500,000 56,288,000 0.72% PRN
24 REPROS THERAPEUTICS INC 2,778,654 49,293,000 0.63%
25 Questcor 717,745 46,603,000 0.59%
26 MIRATI THERAPEUTICS INC COM 2,380,074 45,388,000 0.58%
27 DERMA SCIENCES INC COM PAR .01 3,537,137 44,851,000 0.57%
28 CERUS CORP 8,455,306 40,585,000 0.52%
29 GILEAD SCIENCES INC 556,108 39,406,000 0.50%
30 ACORDA THERAPEUTICS 1,000,000 37,910,000 0.48%
31 CHELSEA THERAPEUTICS INTL LT 6,760,394 37,317,000 0.47%
32 CLOVIS ONCOLOGY INC 529,990 36,712,000 0.47%
33 Intermune 16,860,000 30,590,000 0.39% PRN
34 HERON THERAPEUTICS INC 2,167,784 30,153,000 0.38%
35 SALIX PHARMACEUTICALS INC 15,000,000 25,289,000 0.32% PRN
36 AEGERION PHARMACEUTICALS INC 513,922 23,702,000 0.30%
37 DYAX CORP COM CVR 2,531,766 22,735,000 0.29%
38 AVANIR PHARMACEUTICALS INC CL 5,790,139 21,250,000 0.27%
39 XENOPORT INC 4,034,112 20,856,000 0.27%
40 PROGENICS PHARMACEUTICALS IN 4,449,797 18,200,000 0.23%
41 Aquinox Pharmaceuticals Inc 1,211,851 15,427,000 0.20%
42 TG THERAPEUTICS INC COM 2,160,965 14,911,000 0.19%
43 BIOMARIN PHARMACEUTICAL INC 12,500,000 13,699,000 0.17% PRN
44 KYTHERA BIOPHARMACEUTICALS I 311,255 12,375,000 0.16%
45 Arrowhead Pharma Inc 732,062 12,020,000 0.15%
46 INSMED INC COM PAR .01 554,050 10,549,000 0.13%
47 Tekmira Pharmaceuticals Corp. 484,156 10,405,000 0.13%
48 SANGAMO BIOSCIENCES INCORPORATED 522,764 9,452,000 0.12%
49 SYNERGY PHARMACEUTICALS DEL COM NEW 1,758,271 9,336,000 0.12%
50 OMEROS CORP 753,804 9,098,000 0.12%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-14-031196, filed 2014.05.15).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.