Sivik Global Healthcare LLC

GREENWICH, CT · CIK 1596452 · 13F filing filed 2025-07-25

SEC-registered investment adviser since 2014 · limited liability company

Assets managed$233.9m
Staff3 · 2 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $233.9m gross assets
Websitesivik.com
Form ADV · 2026-02-17SEC adviser record

Legal entitySIVIK GLOBAL HEALTHCARE, LLC (US)

$223.6m reported value +22.2% vs Q1 2025

38positions

46.7%in top 10

10 new 17 added 7 reduced 1 sold out vs Q1 2025

Options: 0 call positions (— notional), 8 put positions ($144.0m notional) – listed below, not included above.

Holdings, Q2 2025

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	SPDR SER TR S&P BIOTECH XBI	XBI	250,000	$20.7m9.27%	9.27%	Unchanged
2	TENET HEALTHCARE CORP COM NEW THC	THC	85,000	$15.0m6.69%	6.69%	Added +15.0k	+15,000 21.4%
3	HCA HEALTHCARE INC COM HCA	HCA	25,000	$9.6m4.28%	4.28%	Unchanged
4	MCKESSON CORP COM MCK	MCK	13,000	$9.5m4.26%	4.26%	Added +2.0k	+2,000 18.2%
5	UNIVERSAL HLTH SVCS INC CL B UHS	UHS	52,500	$9.5m4.25%	4.25%	Added +20.0k	+20,000 61.5%
6	BOSTON SCIENTIFIC CORP COM BSX	BSX	80,000	$8.6m3.84%	3.84%	Reduced -20.0k	-20,000 -20.0%
7	ELI LILLY & CO COM LLY	LLY	11,000	$8.6m3.84%	3.84%	Added +2.0k	+2,000 22.2%
8	DANAHER CORPORATION COM DHR	DHR	40,000	$7.9m3.53%	3.53%	Added +5.0k	+5,000 14.3%
9	CARDINAL HEALTH INC COM CAH	CAH	45,000	$7.6m3.38%	3.38%	Reduced -5.0k	-5,000 -10.0%
10	STRYKER CORPORATION COM SYK	SYK	19,000	$7.5m3.36%	3.36%	Added +1.5k	+1,500 8.6%
11	CENCORA INC COM COR	COR	25,000	$7.5m3.35%	3.35%	Unchanged
12	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	13,000	$7.1m3.16%	3.16%	Reduced -1.0k	-1,000 -7.1%
13	MEDTRONIC PLC SHS MDT	MDT	80,000	$7.0m3.12%	3.12%	Added +5.0k	+5,000 6.7%
14	NOVO-NORDISK A S ADR NVO	NVO	100,000	$6.9m3.09%	3.09%	Added +30.0k	+30,000 42.9%
15	HUMANA INC COM HUM	HUM	27,000	$6.6m2.95%	2.95%	Added +4.0k	+4,000 17.4%
16	WATERS CORP COM WAT	WAT	18,000	$6.3m2.81%	2.81%	Added +1.0k	+1,000 5.9%
17	GILEAD SCIENCES INC COM GILD	GILD	50,000	$5.5m2.48%	2.48%	Added +10.0k	+10,000 25.0%
18	THE CIGNA GROUP COM CI	CI	16,500	$5.5m2.44%	2.44%	Added +4.0k	+4,000 32.0%
19	ABBOTT LABS COM ABT	ABT	39,200	$5.3m2.38%	2.38%	Reduced -5.8k	-5,800 -12.9%
20	AGILENT TECHNOLOGIES INC COM A	A	45,000	$5.3m2.38%	2.38%	Reduced -5.0k	-5,000 -10.0%
21	UNITEDHEALTH GROUP INC COM UNH	UNH	15,000	$4.7m2.09%	2.09%	Added +10.0k	+10,000 200.0%
22	SELECT MED HLDGS CORP COM SEM	SEM	300,000	$4.6m2.04%	2.04%	Added +100.0k	+100,000 50.0%
23	QUEST DIAGNOSTICS INC COM DGX	DGX	25,000	$4.5m2.01%	2.01%	New
24	REVVITY INC COM RVTY	RVTY	45,000	$4.4m1.95%	1.95%	New
25	BIO RAD LABS INC CL A BIO	BIO	18,000	$4.3m1.94%	1.94%	New
26	SMITH & NEPHEW PLC SPDN ADR NEW SNN	SNN	140,000	$4.3m1.92%	1.92%	Added +20.0k	+20,000 16.7%
27	REPLIGEN CORP COM RGEN	RGEN	30,000	$3.7m1.67%	1.67%	New
28	WEST PHARMACEUTICAL SVSC INC COM WST	WST	15,000	$3.3m1.47%	1.47%	Added +2.5k	+2,500 20.0%
29	ENCOMPASS HEALTH CORP COM EHC	EHC	25,000	$3.1m1.37%	1.37%	Reduced -26.6k	-26,600 -51.5%
30	AVANTOR INC COM AVTR	AVTR	225,000	$3.0m1.35%	1.35%	Added +25.0k	+25,000 12.5%
31	ALIGN TECHNOLOGY INC COM ALGN	ALGN	15,000	$2.8m1.27%	1.27%	New
32	SURGERY PARTNERS INC COM SGRY	SGRY	125,000	$2.8m1.24%	1.24%	Unchanged
33	BAXTER INTL INC COM BAX	BAX	75,000	$2.3m1.02%	1.02%	Reduced -100.0k	-100,000 -57.1%
34	COOPER COS INC COM COO	COO	30,000	$2.1m0.95%	0.95%	New
35	ALNYLAM PHARMACEUTICALS INC COM ALNY	ALNY	6,500	$2.1m0.95%	0.95%	New
36	MADRIGAL PHARMACEUTICALS INC COM MDGL	MDGL	5,000	$1.5m0.68%	0.68%	New
37	ARGENX SE SPONSORED ADR ARGX	ARGX	2,500	$1.4m0.62%	0.62%	New
38	INSPIRE MED SYS INC COM INSP	INSP	10,000	$1.3m0.58%	0.58%	New

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
ASTRAZENECA PLC		70,000	$5.1m70.0k shares

Options (notional value)

Underlying	Type	Shares controlled	Notional	Change
PUT - SPY 100 @ 599 EXP 07/18/2025 Put	Put	400	$24.0m400 shares	New
PUT - SPY 100 @ 596 EXP 07/18/2025 Put	Put	400	$23.8m400 shares	New
PUT - SPY 100 @ 602 EXP 07/31/2025 Put	Put	300	$18.1m300 shares	New
PUT - SPY 100 @ 597 EXP 07/18/2025 Put	Put	300	$17.9m300 shares	New
PUT - SPY 100 @ 610 EXP 08/15/2025 Put	Put	250	$15.2m250 shares	New
PUT - SPY 100 @ 607 EXP 07/31/2025 Put	Put	250	$15.2m250 shares	New
PUT - SPY 100 @ 600 EXP 08/15/2025 Put	Put	250	$15.0m250 shares	New
PUT - SPY 100 @ 593 EXP 07/31/2025 Put	Put	250	$14.8m250 shares	New