Darwin Global Management, Ltd. — BELITE BIO INC BLTE: Quarterly 13F Position History
Darwin Global Management, Ltd. has reported BELITE BIO INC (BLTE) on 2 13F-HR filings in Pactolio's tracked window, first appearing in Q4 2025. As of Q1 2026, the position is sized at 3,057,412 shares ($456.1M market value, 12.10% of the equity book). Quarter-over-quarter share count change: + 29,708 (+1.0%) .
- 3,057,412Shares Held (Latest Filing)
- $456.1MReported Market Value (Latest Filing)
- 12.10%Portfolio Weight (% of 13F Equity Book)
- +29,708Quarter-over-Quarter Share Change
- -$30.8MQuarter-over-Quarter Value Change
- 3,057,412Peak Reported Shares (Historical)
Recent initiation: Darwin Global Management, Ltd. first reported BLTE on the Q4 2025 filing — fewer than three quarters of history are available.
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 2 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 3,057,412 | +29,708 | +1.0% | $456.1M | 12.10% | $149.18 |
| Q4 2025 | 3,027,704 | — | — | $486.9M | 9.86% | $160.82 |
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 Darwin Global Management, Ltd. first disclose a BLTE position in 13F-HR filings?
Darwin Global Management, Ltd. first reported BELITE BIO INC (BLTE) on its 13F-HR filing for the period ending 2025-12-31 (Q4 2025). The position has appeared on 2 reported quarters within Pactolio's tracked window.
What was Darwin Global Management, Ltd.'s most recent quarter-over-quarter share-count change in BLTE?
Between Q4 2025 and Q1 2026, Darwin Global Management, Ltd. added 29,708 shares of BLTE (+1.0%), bringing the total reported position to 3,057,412 shares at a market value of $456.1M.
Does the implied price-per-share represent Darwin Global Management, Ltd.'s cost basis in BLTE?
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.