L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
35
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 11 listed it in both
Shares listed
39,557,598
combined, among listed positions
Reported value
$3.9bn
combined, at the quarter end

Among the 92 comparable managers: 16 buyers (opened or added shares) and 21 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,668,728.

Managers listing INCY in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

35 of 35 holders

ActionFiling
Dodge & Cox13,261,742$1.3bn0.71%Trimmed-670,67413 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC6,720,024$664m0.35%Trimmed-1,203,48717 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC3,978,332$393m0.61%Trimmed-549,80012 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,473,781$343munder 0.1%Added+405,61119 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP3,094,460$306m0.18%Trimmed-9,48613 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC1,844,752$182m0.30%Trimmed-396,45610 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)1,246,439$123munder 0.1%Trimmed-25,61717 Feb 2026 (the filing on sec.gov)
Man Group PLC1,099,329$109m0.18%Trimmed-834,21817 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP1,072,491$106m0.10%Added+1,056,45113 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc965,846$95munder 0.1%Added+184,49717 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP739,378$73munder 0.1%Added+718,29417 Feb 2026 (the filing on sec.gov)
Woodline Partners LP600,642$59m0.23%Added+254,47817 Feb 2026 (the filing on sec.gov)
MFS Investment Management336,114$33munder 0.1%Trimmed-51,49122 Jan 2026 (the filing on sec.gov)
Bridgewater Associates LP328,590$32m0.12%Added+197,30613 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP189,710$19munder 0.1%Trimmed-13,67217 Feb 2026 (the filing on sec.gov)
ARK Investment Management LLC136,950$14m0.09%Trimmed-10,38511 Feb 2026 (the filing on sec.gov)
Winton Group Ltd103,497$10m0.35%Trimmed-121,01511 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC66,617$6.6munder 0.1%Added+32,77417 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP62,225$6.1munder 0.1%Added+37,76417 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC61,919$6.1munder 0.1%Trimmed-10,05013 Feb 2026 (the filing on sec.gov)
Millennium Management LLC39,389$3.9munder 0.1%Trimmed-1,22917 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP36,749$3.6munder 0.1%Trimmed-11,40017 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd22,421$2.2munder 0.1%Added+3,39317 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC16,699$1.6munder 0.1%Added+9627 Oct 2026 (the filing on sec.gov)
Two Sigma Advisers LP13,400$1.3munder 0.1%Added+5,60017 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
16 in Q3 2024 to 15 in Q2 2026

Tracked managers listing it, at least.

01020302014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
INCY by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20138$1.3bnn.a.n.a.
Q3 201310$2.4bnn.a.n.a.
Q4 201310$3.3bnn.a.n.a.
Q1 201411$3.1bnn.a.n.a.
Q2 201410$3.4bnn.a.n.a.
Q3 20147$3.0bnn.a.n.a.
Q4 201410$4.5bnn.a.n.a.
Q1 201513$6.0bnn.a.n.a.
Q2 201516$6.4bnn.a.n.a.
Q3 201516$6.3bnn.a.n.a.
Q4 201517$6.1bnn.a.n.a.
Q1 201613$4.5bnn.a.n.a.
Q2 201615$4.8bnn.a.n.a.
Q3 201620$5.3bnn.a.n.a.
Q4 201618$4.6bnn.a.n.a.
Q1 201716$5.4bnn.a.n.a.
Q2 201711$4.3bnn.a.n.a.
Q3 201718$4.2bnn.a.n.a.
Q4 201717$3.9bnn.a.n.a.
Q1 201813$3.1bnn.a.n.a.
Q2 201814$2.4bnn.a.n.a.
Q3 201821$2.4bnn.a.n.a.
Q4 201817$2.6bnn.a.n.a.
Q1 201918$3.1bnn.a.n.a.
Q2 201915$3.4bnn.a.n.a.
Q3 201925$3.1bnn.a.n.a.
Q4 201927$3.6bnn.a.n.a.
Q1 202022$3.7bnn.a.n.a.
Q2 202016$6.1bnn.a.n.a.
Q3 202016$5.4bnn.a.n.a.
Q4 202015$5.1bnn.a.n.a.
Q1 202113$4.6bnn.a.n.a.
Q2 202113$5.3bnn.a.n.a.
Q3 202115$3.9bnn.a.n.a.
Q4 202121$3.6bnn.a.n.a.
Q1 202217$3.5bnn.a.n.a.
Q2 202218$3.6bnn.a.n.a.
Q3 202217$3.0bnn.a.n.a.
Q4 202221$3.5bnn.a.n.a.
Q1 202321$2.8bnn.a.n.a.
Q2 202323$2.7bnn.a.n.a.
Q3 202323$2.5bnn.a.n.a.
Q4 202319$2.5bn89
Q1 202420$2.1bn712
Q2 202418$2.1bn610
Q3 202416$2.2bn98
Q4 202414$2.0bn49
Q1 202513$1.9bn86
Q2 202515$2.6bn87
Q3 202513$3.0bn49
Q4 202513$3.5bn1621
Q1 202613$3.4bn1718
Q2 202615$4.4bn2113

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

INCY and LLY →INCY and JNJ →INCY and VRTX →Choose a stock to compare with INCY →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own INCY, latest filings →Back to the 13F Explorer →