AVORO CAPITAL ADVISORS LLC
Q1 2026 Form 13-F

NEW YORK, NEW YORK
CIK 0001633313 · CRD 154091 · SEC-registered investment adviser
$10.2B Reported Value Total

AVORO CAPITAL ADVISORS LLC reports 3 total accounts under management (AUM). There are 3 discretionary accounts valued at $13,550,212,784, and 0 non-discretionary accounts.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary Manager
Private funds (Form ADV)
4 funds · $14.0B gross asset value
Hedge Fund: $13.4B · Venture Capital Fund: $647.5M
Source: Form ADV filed 2026-03-05
Reported value
$10.2B
Quarter over quarter
+4.3%
Holdings
30
Top-10 concentration
76.4%

Key People

Form ADV owners & control persons
Behzad Aghazadeh
MEMBER
Neil Cammarosano
CHIEF FINANCIAL OFFICER
Scott Andrew Epstein
CHIEF OPERATING OFFICER AND CHIEF COMPLIANCE OFFICER

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Q1 2026 13F record

Q1 2026 13F filing summary

Q1 2026 Form 13F portfolio summary
Period of report March 31, 2026
Filed May 15, 2026
Form 13F-HR
Reported value $10.2B
Positions 30
Change in reported value -0.1%
New positions 4
Exited positions 7
Position turnover 29.7%
Top-10 concentration 76.4%

13F filings by quarter

Form 13F filings by quarter
Quarter Positions Value
Q2 2026 13F
Filed Aug 14, 2026
26 $11.1B
Q1 2026 13F
Filed May 15, 2026
30 $10.2B
Q4 2025 13F
Filed Feb 17, 2026
33 $10.2B
Q3 2025 13F
Filed Nov 14, 2025
30 $7.7B
Q2 2025 13F
Filed Aug 14, 2025
30 $5.7B
Q1 2025 13F
Filed May 15, 2025
33 $6.4B
Q4 2024 13F
Filed Feb 14, 2025
39 $7.1B
Q3 2024 13F
Filed Nov 14, 2024
35 $6.9B
Q2 2024 13F
Filed Aug 14, 2024
41 $7.5B
Q1 2024 13F
Filed May 15, 2024
46 $8.6B
Q4 2023 13F
Filed Feb 14, 2024
42 $7.2B
Q3 2023 13F
Filed Nov 14, 2023
45 $6.4B
Q2 2023 13F
Filed Aug 14, 2023
43 $7.4B
Q1 2023 13F
Filed May 15, 2023
38 $6.7B
Q4 2022 13F
Filed Feb 14, 2023
36 $6.7B
Q3 2022 13F
Filed Nov 14, 2022
39 $5.4B
Q2 2022 13F
Filed Aug 15, 2022
40 $5.1B
Q1 2022 13F
Filed May 16, 2022
43 $5.5B
Q4 2021 13F
Filed Feb 14, 2022
40 $5.9B
Q3 2021 13F
Filed Nov 15, 2021
43 $6.4B

27 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q1 2026

Largest Q1 2026 13F positions by reported value
# Holding Reported value % of portfolio
1 UTHR UNITED THERAPEUTICS CORP $1.6B 15.34%
2 ASND ASCENDIS PHARMA $1.2B 11.39%
3 MDGL MADRIGAL PHARMACEUTICALS INC $951.8M 9.36%
4 KRYS KRYSTAL BIOTECH INC $746.3M 7.34%
5 ARGX ARGENX SE $730.3M 7.18%
6 ARWR ARROWHEAD PHARMACEUTICALS INC $670.9M 6.6%
7 KYMR KYMERA THERAPEUTICS INC $622.6M 6.12%
8 APLS APELLIS PHARMACEUTICALS INC $491.7M 4.84%
9 CNTA CENTESSA PHARMACEUTICALS PLC $454.0M 4.47%
10 CELC CELCUITY INC $385.2M 3.79%
11 XENE XENON PHARMACEUTICALS INC $336.0M 3.31%
12 GPCR STRUCTURE THERAPEUTICS INC $316.0M 3.11%
13 TERN TERNS PHARMACEUTICALS INC $300.2M 2.95%
14 VERA VERA THERAPEUTICS INC $236.9M 2.33%
15 RVMD REVOLUTION MEDICINES INC $228.0M 2.24%
16 CYTK CYTOKINETICS INC $219.7M 2.16%
17 OCUL OCULAR THERAPEUTIX INC $104.3M 1.03%
18 GLTO DAMORA THERAPEUTICS INC $98.0M 0.96%
19 QURE UNIQURE NV $97.4M 0.96%
20 TSHA TAYSHA GENE THERAPIES INC $97.0M 0.95%

Values as reported on the Q1 2026 Form 13F. Every position is in the holdings table below.

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