BAKER BROS. ADVISORS LP: INCYTE CORPORATION (INCY): Quarterly 13F Position History
As of Q1 2026, BAKER BROS. ADVISORS LP reported 30,744,412 shares of INCYTE CORPORATION (INCY), worth $2.9B and representing 16.6% of its 13F equity book. Quarter-over-quarter share count change: + 421 (+0.0%) . The position first appeared in Q1 2016 and has been disclosed across 41 13F-HR filings in Pactolio's tracked window.
- 30,744,412Shares Held (Latest Filing)
- $2.9BReported Market Value (Latest Filing)
- 16.6%Portfolio Weight (% of 13F Equity Book)
- +421Quarter-over-Quarter Share Change
- -$142.9MQuarter-over-Quarter Value Change
- 36,179,665Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 41 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 30,744,412 | +421 | +0.0% | $2.9B | 16.6% | $94.1 |
| Q4 2025 | 30,743,991 | +328 | +0.0% | $3.0B | 17.8% | $98.8 |
| Q3 2025 | 30,743,663 | +388 | +0.0% | $2.6B | 18.8% | $84.8 |
| Q2 2025 | 30,743,275 | +3,322 | +0.0% | $2.1B | 20.3% | $68.1 |
| Q1 2025 | 30,739,953 | +487 | +0.0% | $1.9B | 20.6% | $60.5 |
| Q4 2024 | 30,739,466 | +446 | +0.0% | $2.1B | 22.7% | $69.1 |
| Q3 2024 | 30,739,020 | +496 | +0.0% | $2.0B | 21.1% | $66.1 |
| Q2 2024 | 30,738,524 | 5,441,141 | -15.0% | $1.9B | 23.8% | $60.6 |
| Q1 2024 | 36,179,665 | +543 | +0.0% | $2.1B | 25.9% | $57.0 |
| Q4 2023 | 36,179,122 | +556 | +0.0% | $2.3B | 25.8% | $62.8 |
| Q3 2023 | 36,178,566 | +510 | +0.0% | $2.1B | 12.0% | $57.8 |
| Q2 2023 | 36,178,056 | +2,656 | +0.0% | $2.3B | 13.0% | $62.3 |
| Q1 2023 | 36,175,400 | +20,429 | +0.1% | $2.6B | 14.2% | $72.3 |
| Q4 2022 | 36,154,971 | +397 | +0.0% | $2.9B | 17.4% | $80.3 |
| Q3 2022 | 36,154,574 | +457 | +0.0% | $2.4B | 15.8% | $66.6 |
| Q2 2022 | 36,154,117 | +433 | +0.0% | $2.7B | 15.6% | $76.0 |
| Q1 2022 | 36,153,684 | +2,535,621 | +7.5% | $2.9B | 16.5% | $79.4 |
| Q4 2021 | 33,618,063 | +1,595,938 | +5.0% | $2.5B | 12.0% | $73.4 |
| Q3 2021 | 32,022,125 | +393 | +0.0% | $2.2B | 9.7% | $68.8 |
| Q2 2021 | 32,021,732 | +20,345 | +0.1% | $2.7B | 11.8% | $84.1 |
| Q1 2021 | 32,001,387 | +1,646 | +0.0% | $2.6B | 11.3% | $81.3 |
| Q4 2020 | 31,999,741 | +343 | +0.0% | $2.8B | 10.5% | $87.0 |
| Q3 2020 | 31,999,398 | +317 | +0.0% | $2.9B | 11.5% | $89.7 |
| Q2 2020 | 31,999,081 | +20,296 | +0.1% | $3.3B | 14.7% | $104.0 |
| Q1 2020 | 31,978,785 | +1,912 | +0.0% | $2.3B | 14.4% | $73.2 |
| Q4 2019 | 31,976,873 | +316 | +0.0% | $2.8B | 14.8% | $87.3 |
| Q3 2019 | 31,976,557 | +364 | +0.0% | $2.4B | 16.1% | $74.2 |
| Q2 2019 | 31,976,193 | 2,295,634 | -6.7% | $2.7B | 18.5% | $85.0 |
| Q1 2019 | 34,271,827 | +20,220 | +0.1% | $2.9B | 18.9% | $86.0 |
| Q4 2018 | 34,251,607 | +298 | +0.0% | $2.2B | 17.8% | $63.6 |
| Q3 2018 | 34,251,309 | +275 | +0.0% | $2.4B | 15.6% | $69.1 |
| Q2 2018 | 34,251,034 | +20,283 | +0.1% | $2.3B | 17.2% | $67.0 |
| Q1 2018 | 34,230,751 | +228 | +0.0% | $2.9B | 24.2% | $83.3 |
| Q4 2017 | 34,230,523 | +200 | +0.0% | $3.2B | 28.1% | $94.7 |
| Q3 2017 | 34,230,323 | +100,162 | +0.3% | $4.0B | 32.4% | $116.7 |
| Q2 2017 | 34,130,161 | +20,150 | +0.1% | $4.3B | 37.6% | $125.9 |
| Q1 2017 | 34,110,011 | +10,610,924 | +45.2% | $4.6B | 37.3% | $133.7 |
| Q4 2016 | 23,499,087 | +189 | +0.0% | $2.4B | 23.1% | $100.3 |
| Q3 2016 | 23,498,898 | +201 | +0.0% | $2.2B | 20.1% | $94.3 |
| Q2 2016 | 23,498,697 | +237 | +0.0% | $1.9B | 19.7% | $80.0 |
| Q1 2016 | 23,498,460 | — | — | $1.7B | 18.0% | $72.5 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did BAKER BROS. ADVISORS LP first disclose a INCY position in 13F-HR filings?
BAKER BROS. ADVISORS LP first reported INCYTE CORPORATION (INCY) on its 13F-HR filing for the period ending 2016-03-31 (Q1 2016). The position has appeared on 41 reported quarters within Pactolio's tracked window.
What was BAKER BROS. ADVISORS LP's most recent quarter-over-quarter share-count change in INCY?
Between Q4 2025 and Q1 2026, BAKER BROS. ADVISORS LP added 421 shares of INCY (+0.0%), bringing the total reported position to 30,744,412 shares at a market value of $2.9B.
Does the implied price-per-share represent BAKER BROS. ADVISORS LP's cost basis in INCY?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.