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Belite Bio (BLTE): which funds own it

Health Care →Data as of Jun 30, 2026 (Q2 2026) · updated on Nov 5, 2026

A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.

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Sections with a free account

9 concentrated managers hold it (+2 vs last quarter) with a median weight of 0.9%.

Who owns Belite Bio?

Belite Bio trades in the U.S. through ADRs, certificates that represent shares of a non-U.S. company. Form 13F counts ADRs while the company reports ordinary shares, so we do not compute percentages. Holders reporting more than 5% of the ordinary shares to the SEC (Schedules 13D/13G): Lin Bioscience International, 53.7% (13G filed Jan 21, 2025) and Darwin Global Management, 8.1% (13G/A filed Feb 17, 2026). As of Jun 30, 2026, the largest ADR holders reported on Form 13F were Darwin Global Management (3.1 million ADRs), Paradigm Biocapital Advisors (1.2 million ADRs) and RTW Investments (715,332 ADRs).

Which institutions hold the most Belite Bio shares?

Per Form 13F filings as of Jun 30, 2026, in ADRs:

  1. 1. Darwin Global Management: 3.1 million ADRs
  2. 2. Paradigm Biocapital Advisors: 1.2 million ADRs
  3. 3. RTW Investments: 715,332 ADRs
  4. 4. Millennium Management: 494,564 ADRs
  5. 5. Maverick Capital: 396,311 ADRs
  6. 6. Eventide Asset Management: 390,829 ADRs
  7. 7. Deerfield Management: 357,199 ADRs
  8. 8. Holocene Advisors: 251,035 ADRs
  9. 9. Logos Global Management: 250,000 ADRs
  10. 10. Morgan Stanley: 235,071 ADRs

Sources:13G by Lin Bioscience International (Jan 21, 2025) ↗13G/A by Darwin Global Management (Feb 17, 2026) ↗All of the company's proxy statements on EDGAR ↗

We hold 13D and 13G filings made since Dec 23, 2024: a holder above 5% that has not filed since then does not appear here.

Well-known investors holding it

Stanley Druckenmiller 13F (Q2 2026)

Concentrated managers
9
All 13F: 80
Consensus
41/100
across 9 concentrated managersRanks by accumulation, portfolio weight and number of managers; it does not say more are buying than selling.
Price at Jun 30, 2026 (per 13F)
$153.99
-3.4% in the quarter · reported value ÷ shares, not the quote · See current quote ↗

Quarter flow (concentrated managers)

Change in managers (7 → 9): 2 opened · 0 exited = +2

Net flow in the quarter: +$80.2M (+521 K shares) · bought $80.2M and sold $0Shares concentrated managers added minus those they cut, valued at the 13F quarter-end implied price, not each trade's price. It is a different measure from the change in managers: the two can have opposite signs.

Concentrated managers holding it

Up to 15, sorted by position value. The percentage is the weight in each manager's portfolio.

Largest holders of BLTE (all 13F filers)

The 10 13F filers with the most shares as of Jun 30, 2026, whatever their type (index firms usually come first). “Change”: shares added or cut versus the previous quarter, split-adjusted; “no data” = there is no comparable portfolio for the previous quarter (no filing, or a filing with its holdings under confidential treatment). “% of the company” only where shares outstanding are up to date. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. With a free account: the top 25, the largest buyers and the largest sellers.

Fundamentals

12-month figures to Dec 31, 2025 · balance sheet as of Dec 31, 2025.

Profitability
Operating margin
—
Net margin
—
ROE
-10.1%
Growth
Revenue (TTM)
—
Revenue growth
—
Net income (TTM)
$-77.6M
Balance sheet
Net debt / EBITDA
—
Free cash flow (TTM)
$-37.1M
Quality vs sector
—

Figures from the statements the company filed with the SEC (10-K, 10-Q). Free cash flow = operating cash flow − capital expenditures; empty if the company does not report capex. “Quality vs sector”: 0 to 100, the average of its percentiles in ROE, operating margin, free-cash-flow margin, revenue and earnings growth and net debt / EBITDA (at least 3 needed) against companies in its sector above $300M. How each figure is calculated

Shares outstanding: buybacks and dilution

Diluted shares by fiscal year (split-adjusted)

2025: 33.5 M

33.5 M0
20222025
1 year
+9.8%
3 years
+67.9%
5 years
no data
Buybacks (FY 2025)
no data
Share issuance
no data
Stock-based compensation
$38.9M
Dividends paid
no data

From the statements the company filed with the SEC (10-K). The change compares average diluted shares of each fiscal year, on today's basis: negative = it bought back more than it issued; positive = dilution. “No data” = the company does not report that item under a tag we can read; it does not mean zero.

Earnings quality and debt

Operating cash flow ÷ net income (12 months)
no datanot calculated with negative net income
Interest coverage (operating income ÷ interest)
−42,104 timesnegative operating income
Debt due within 12 months
no data

From the figures the company filed with the SEC. Cash flow over net income near or above 1 means earnings are collected in cash; far below, that part is accounting. Coverage says how many times operating income pays the latest fiscal year's interest. Maturities come from the debt note of the latest annual report, counted from its closing date. “No data” never means zero.

Insiders (Form 4)

Officers and directors who bought (6 m)
0
Amount (6 m)
$0
CEO/CFO bought (12 m)
No

10% owners who bought (6 m): 0

Open-market purchases, excluding 10b5-1 plans. Officers and directors only; joint filers of the same purchase count as one. 10% owners with no role are shown separately. 0 = nobody bought; “no data” = we do not have its Form 4 filings.

Each of the company's Form 4 filings, on EDGAR ↗Latest trades, with date and filing →

Above 5% (13D/13G)

Disclosed stakes, with their amendments. A filing is not always a purchase: there are also reductions and changes of filing entity.

This list may be incomplete: we hold 13D and 13G filings made since Dec 23, 2024. A holder above 5% that has not filed anything since then is not shown here.

Above 5% over time (13D/13G)

Each holder with its filings in order. History since December 2024.

This company filed no 8-K forms in the last year. Foreign companies listed in the US (ADRs) report material events on forms 6-K and 20-F, and ETFs and funds do not file 8-Ks. If it is a foreign company listed in the US through ADRs (American Depositary Receipts), what trades are bank-issued certificates that represent shares from its home market. See its filings on EDGAR ↗

Other Health Care stocks in managers' portfolios

Same sector and a similar number of concentrated managers holding them. It is a list to keep exploring, not a recommendation.

All of Health Care →

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