SECTORAL ASSET MANAGEMENT INC

MONTREAL, A8 · CIK 1274413 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2001 · corporation

Assets managed$331.4m
Staff20 · 11 in investment roles
Main clients (by assets)Private funds 100%
Private funds3 · $210.4m gross assets
Main officeMontreal, Quebec
Form ADV · 2026-05-06SEC adviser record

Kindprivate equity
Others nearbyMontréal

As an employer

Offices in1 country
Private fundsprivate equity 3

$143.3m reported value +18.7% vs Q1 2026

82positions

39.6%in top 10

15 new 17 added 17 reduced 10 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CONTINEUM THERAPEUTICS INC CL A CTNM	CTNM	727,587	$11.9m8.32%	8.32%	Unchanged
2	SHOULDER INNOVATIONS INC COMMON STOCK SI	SI	430,407	$8.7m6.09%	6.09%	Unchanged
3	ELI LILLY & CO COM LLY	LLY	6,354	$7.6m5.32%	5.32%	Unchanged
4	UNITEDHEALTH GROUP INC COM UNH	UNH	13,235	$5.5m3.84%	3.84%	Reduced -1.7k	-1,722 -11.5%
5	JOHNSON & JOHNSON COM JNJ	JNJ	18,218	$4.6m3.23%	3.23%	Unchanged
6	ORUKA THERAPEUTICS INC COM ORKA	ORKA	41,987	$4.0m2.79%	2.79%	New
7	BIONTECH SE SPONSORED ADS BNTX	BNTX	41,869	$3.9m2.72%	2.72%	Added +19.7k	+19,705 88.9%
8	DEFINIUM THERAPEUTICS INC COM SHS DFTX	DFTX	78,310	$3.7m2.57%	2.57%	New
9	DEXCOM INC COM DXCM	DXCM	50,756	$3.4m2.39%	2.39%	Added +27.5k	+27,525 118.5%
10	ARCUS BIOSCIENCES INC COM RCUS	RCUS	110,870	$3.4m2.39%	2.39%	Added +65.8k	+65,800 146.0%
11	AMGEN INC COM AMGN	AMGN	9,210	$3.3m2.33%	2.33%	Unchanged
12	SUMMIT THERAPEUTICS INC COM SMMT	SMMT	220,180	$3.2m2.24%	2.24%	Added +150.6k	+150,565 216.3%
13	IRHYTHM TECHNOLOGIES INC COM IRTC	IRTC	26,070	$3.1m2.16%	2.16%	New
14	ABBVIE INC COM ABBV	ABBV	12,200	$3.1m2.14%	2.14%	Unchanged
15	MERCK & CO INC COM MRK	MRK	21,480	$2.8m1.94%	1.94%	Unchanged
16	ARRIVENT BIOPHARMA INC COM AVBP	AVBP	79,043	$2.7m1.92%	1.92%	Added +49.0k	+49,030 163.4%
17	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	5,432	$2.7m1.88%	1.88%	Reduced -1.6k	-1,575 -22.5%
18	ARGENX SE SPONSORED ADR ARGX	ARGX	2,831	$2.6m1.83%	1.83%	Reduced -733	-733 -20.6%
19	GILEAD SCIENCES INC COM GILD	GILD	20,620	$2.6m1.82%	1.82%	Reduced -6.9k	-6,870 -25.0%
20	INSMED INC COM PAR $.01 INSM	INSM	23,216	$2.5m1.73%	1.73%	Added +3.5k	+3,548 18.0%
21	TECTONIC THERAPEUTIC INC COM TECX	TECX	71,009	$2.4m1.70%	1.70%	Added +52.0k	+51,950 272.6%
22	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	5,850	$2.3m1.62%	1.62%	Added +600	+600 11.4%
23	IMMATICS N.V SHS IMTX	IMTX	224,928	$2.3m1.59%	1.59%	Added +158.1k	+158,098 236.6%
24	STRYKER CORPORATION COM SYK	SYK	7,129	$2.2m1.57%	1.57%	Added +1.3k	+1,255 21.4%
25	AVALO THERAPEUTICS INC COM NEW AVTX	AVTX	119,923	$2.2m1.55%	1.55%	New
26	CRESCENT BIOPHARMA INC. COM CBIO	CBIO	121,300	$2.2m1.52%	1.52%	New
27	ROIVANT SCIENCES LTD SHS ROIV	ROIV	61,100	$2.2m1.51%	1.51%	Added +28.6k	+28,600 88.0%
28	IQVIA HLDGS INC COM IQV	IQV	10,848	$2.1m1.46%	1.46%	Added +2.5k	+2,541 30.6%
29	PULSE BIOSCIENCES INC COM PLSE	PLSE	67,895	$1.9m1.31%	1.31%	New
30	DANAHER CORPORATION COM DHR	DHR	9,597	$1.8m1.28%	1.28%	Unchanged
31	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	3,508	$1.8m1.23%	1.23%	Unchanged
32	ABBOTT LABS COM ABT	ABT	18,080	$1.6m1.14%	1.14%	Reduced -7.5k	-7,498 -29.3%
33	ALPHATEC HLDGS INC COM NEW ATEC	ATEC	185,900	$1.6m1.12%	1.12%	New
34	BOSTON SCIENTIFIC CORP COM BSX	BSX	36,330	$1.6m1.08%	1.08%	Added +1.6k	+1,550 4.5%
35	TRANSMEDICS GROUP INC COM TMDX	TMDX	21,950	$1.5m1.02%	1.02%	New
36	CYTOKINETICS INC COM NEW CYTK	CYTK	16,330	$1.4m0.97%	0.97%	Added +9.0k	+9,030 123.7%
37	REGENERON PHARMACEUTICALS COM REGN	REGN	2,169	$1.4m0.94%	0.94%	Reduced -750	-750 -25.7%
38	CVS HEALTH CORP COM CVS	CVS	13,000	$1.3m0.94%	0.94%	New
39	EDWARDS LIFESCIENCES CORP COM EW	EW	14,826	$1.3m0.94%	0.94%	Reduced -2.5k	-2,512 -14.5%
40	TREVI THERAPEUTICS INC COM TRVI	TRVI	65,596	$1.2m0.85%	0.85%	Reduced -8.8k	-8,850 -11.9%
41	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	21,150	$1.2m0.85%	0.85%	Unchanged
42	VERA THERAPEUTICS INC CL A VERA	VERA	25,573	$1.1m0.77%	0.77%	Unchanged
43	COGENT BIOSCIENCES INC COM COGT	COGT	26,740	$1.0m0.72%	0.72%	Added +4.6k	+4,600 20.8%
44	MEDTRONIC PLC SHS MDT	MDT	11,100	$876.3k0.61%	0.61%	Unchanged
45	TARSUS PHARMACEUTICALS INC COM TARS	TARS	13,285	$836.2k0.58%	0.58%	Added +2.0k	+2,013 17.9%
46	KURA ONCOLOGY INC COM KURA	KURA	71,480	$784.1k0.55%	0.55%	Unchanged
47	CENTENE CORP DEL COM CNC	CNC	12,000	$770.3k0.54%	0.54%	New
48	UNITED THERAPEUTICS CORP DEL COM UTHR	UTHR	1,370	$742.3k0.52%	0.52%	Reduced -340	-340 -19.9%
49	HINGE HEALTH INC CL A HNGE	HNGE	8,744	$725.8k0.51%	0.51%	Reduced -3.5k	-3,500 -28.6%
50	NEKTAR THERAPEUTICS COM NEW NKTR	NKTR	10,111	$705.8k0.49%	0.49%	Reduced -740	-740 -6.8%
51	ALNYLAM PHARMACEUTICALS INC COM ALNY	ALNY	2,310	$695.4k0.49%	0.49%	Unchanged
52	ASCENDIS PHARMA A/S ORD SHS ASND	ASND	2,570	$685.5k0.48%	0.48%	New
53	PFIZER INC COM PFE	PFE	27,500	$662.2k0.46%	0.46%	Unchanged
54	ARDELYX INC COM ARDX	ARDX	122,394	$624.2k0.44%	0.44%	Unchanged
55	PRIVIA HEALTH GROUP INC COM PRVA	PRVA	24,136	$621.0k0.43%	0.43%	Reduced -3.0k	-3,000 -11.1%
56	PTC THERAPEUTICS INC COM PTCT	PTCT	7,470	$609.3k0.43%	0.43%	Added +820	+820 12.3%
57	IONIS PHARMACEUTICALS INC COM IONS	IONS	7,200	$570.9k0.40%	0.40%	Unchanged
58	AGOMAB THERAPEUTICS NV SPONSORED ADS AGMB	AGMB	43,500	$564.6k0.39%	0.39%	Unchanged
59	BIOMARIN PHARMACEUTICAL INC COM BMRN	BMRN	9,450	$540.7k0.38%	0.38%	Unchanged
60	BEIGENE LTD SPONSORED ADR ONC	ONC	1,870	$532.9k0.37%	0.37%	Unchanged
61	HUMANA INC COM HUM	HUM	1,250	$497.3k0.35%	0.35%	New
62	JAZZ PHARMACEUTICALS PLC SHS USD JAZZ	JAZZ	1,750	$421.7k0.29%	0.29%	Unchanged
63	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	7,200	$403.7k0.28%	0.28%	Unchanged
64	BIOGEN INC COM BIIB	BIIB	1,850	$399.7k0.28%	0.28%	Unchanged
65	MINERALYS THERAPEUTICS INC COM MLYS	MLYS	14,565	$393.0k0.27%	0.27%	Reduced -17.1k	-17,053 -53.9%
66	ILLUMINA INC COM ILMN	ILMN	2,132	$374.9k0.26%	0.26%	Unchanged
67	AXSOME THERAPEUTICS INC COM AXSM	AXSM	1,500	$367.2k0.26%	0.26%	Unchanged
68	SYNDAX PHARMACEUTICALS INC COM SNDX	SNDX	15,680	$342.8k0.24%	0.24%	Reduced -16.0k	-16,000 -50.5%
69	REVOLUTION MEDICINES INC COM RVMD	RVMD	1,830	$342.7k0.24%	0.24%	Unchanged
70	ABIVAX SA SPONSORED ADS ABVX	ABVX	2,340	$311.8k0.22%	0.22%	Unchanged
71	BRIDGEBIO PHARMA INC COM BBIO	BBIO	4,100	$305.4k0.21%	0.21%	Reduced -4.0k	-4,000 -49.4%
72	MODERNA INC COM MRNA	MRNA	4,350	$304.6k0.21%	0.21%	Unchanged
73	GUARDANT HEALTH INC COM GH	GH	1,980	$297.1k0.21%	0.21%	Unchanged
74	INCYTE CORP COM INCY	INCY	2,350	$266.4k0.19%	0.19%	Unchanged
75	ORIC PHARMACEUTICALS INC COM ORIC	ORIC	23,500	$254.5k0.18%	0.18%	Unchanged
76	ARS PHARMACEUTICALS INC COM SPRY	SPRY	29,900	$239.5k0.17%	0.17%	Reduced -49.2k	-49,250 -62.2%
77	STRUCTURE THERAPEUTICS INC SPONSORED ADS GPCR	GPCR	4,325	$232.1k0.16%	0.16%	Reduced -9.8k	-9,777 -69.3%
78	MEDPACE HLDGS INC COM MEDP	MEDP	430	$227.7k0.16%	0.16%	Unchanged
79	TEMPUS AI INC CL A TEM	TEM	3,880	$224.8k0.16%	0.16%	New
80	CORBUS PHARMACEUTICALS HLDGS COM NEW CRBP	CRBP	20,000	$187.6k0.13%	0.13%	New
81	PALISADE BIO INC COM PALI	PALI	88,000	$183.9k0.13%	0.13%	Unchanged
82	ENGENE THERAPEUTICS INC COM ENGN	ENGN	21,700	$37.5k0.03%	0.03%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
EVOMMUNE INC EVMN	EVMN	589,005	$13.5m589.0k shares
RAPPORT THERAPEUTICS INC RAPP	RAPP	25,421	$835.0k25.4k shares
BOUNDLESS BIO INC BOLD	BOLD	678,574	$746.4k678.6k shares
ASCENDIS PHARMA A/S		2,800	$728.3k2.8k shares
UNIQURE NV QURE	QURE	29,245	$499.4k29.2k shares
ALIGNMENT HEALTHCARE INC ALHC	ALHC	26,911	$474.2k26.9k shares
RADNET INC RDNT	RDNT	7,999	$447.1k8.0k shares
INSPIRE MED SYS INC INSP	INSP	7,225	$372.7k7.2k shares
NEUROCRINE BIOSCIENCES INC NBIX	NBIX	2,300	$343.8k2.3k shares
OMADA HEALTH INC OMDA	OMDA	25,620	$322.0k25.6k shares