Darwin Global Management, Ltd. Quant / Systematic

Location: St. Helier, Jersey

CIK: 0001839209 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $4.939B (100.0% shares, 0.0% debt)

Holdings (6)

INSM INSMED INC 73.8%

Value $3.644B Shares 20,933,277 Est. Cost $73.54 Unrealized +148.1%

BLTE BELITE BIO INC 9.9%

Value $487M Shares 3,027,704 Est. Cost $160.82 Unrealized —

ABVX ABIVAX SA 8.9%

Value $440M Shares 3,178,501 Est. Cost $83.33 Unrealized —

— CIDARA THERAPEUTICS INC 4.5%

Value $220M Shares 997,196 Est. Cost $59.96 Unrealized —

WVE WAVE LIFE SCIENCES LTD 2.5%

Value $125M Shares 7,298,421 Est. Cost $10.16 Unrealized 0.0%

CAPR CAPRICOR THERAPEUTICS INC 0.5%

Value $23.17M Shares 800,000 Est. Cost $13.06 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INSM	INSMED INC	20,933,277	$3.644B	73.8%	$73.54	+148.1%	COM PAR $.01	457669307
BLTE	BELITE BIO INC	3,027,704	$487M	9.9%	$160.82	—	SPONSORED ADS	07782B104
ABVX	ABIVAX SA	3,178,501	$440M	8.9%	$83.33	—	SPONSORED ADS	00370M103
—	CIDARA THERAPEUTICS INC	997,196	$220M	4.5%	$59.96	—	COM NEW	171757206
WVE	WAVE LIFE SCIENCES LTD	7,298,421	$125M	2.5%	$10.16	0.0%	SHS	Y95308105
CAPR	CAPRICOR THERAPEUTICS INC	800,000	$23.17M	0.5%	$13.06	0.0%	COM NEW	14070B309