What smart money is saying about HBM Healthcare Investments
HBMN.SW
No fund has written a full thesis on HBM Healthcare Investments in our archive, but 1 fund letter reports a position in it — most recently Kavaljer Investmentbolagsfond in July 2026.
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1
Reported positions
0
Bought
0
Sold
1
Letter
Position history
Every position in HBM Healthcare Investments on record in the archive was reported in Q3 2026, across 1 fund letter, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
Fund activity · 1 position
- July 2026
“BB Biotech & HBM Healthcare: Higher portfolio activity and clear market improvements In our monthly letter for December last year, we discussed a potential recovery in the healthcare sector. To our satisfaction, both BB Biotech and HBM Healthcare delivered reports that support the view that the recovery is now genuinely gathering pace. BB Biotech increased its net asset value by more than 17% during the second quarter, while HBM Healthcare rose 13%. High portfolio activity, clinical progress among the portfolio companies and elevated transaction activity in the sector lay behind the strong performance of both companies. Looking ahead, we see several interesting drivers in favour of the healthcare sector. Large pharmaceutical companies have more than USD 250 billion of revenue at risk of falling away by 2030 as patents on blockbuster drugs expire. One example is pharma giant Merck, which loses its core patent for the cancer drug Keytruda (with annual sales of around USD 25 billion) as early as 2028. The fastest way for the large caps to replace this revenue is to acquire already proven, differentiated innovation, which is pushing them out into the acquisition market. Here we see BB Biotech and HBM Healthcare as well positioned to benefit from this tailwind. BB Biotech and HBM Healthcare together account for 6.4% of Kavaljer Investmentbolagsfond”
HBM Healthcare Investments
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