# EDGAR Filing Document

**Accession Number:** 0001674546
**File Stem:** 0001104659-25-085427
**Filing Date:** 2025-8
**Character Count:** 9908
**Document Hash:** f41d93d359d555f8a0cd60184770e14a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-085427.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001104659-25-085427

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bellevue Group AG
- **CENTRAL INDEX KEY:** 0001674546

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17462
- **FILM NUMBER:** 251278291

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** THEATERSTRASSE 12
- **CITY:** ZURICH
- **PROVINCE COUNTRY:** V8
- **ZIP:** CH-8001
- **BUSINESS PHONE:** 41 44 267 67 77

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** THEATERSTRASSE 12
- **CITY:** ZURICH
- **PROVINCE COUNTRY:** V8
- **ZIP:** CH-8001

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001674546

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Bellevue Group AG

**Address:** THEATERSTRASSE 12, ZURICH, V8 CH-8001

**Telephone number:** 41-44-267-72-51

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-17462

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 3

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                      | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                  | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Altimmune, Inc.                     | 02155H200 | 09/26/2024     | 3. Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         750000 |                0 | AGAINST     |                                   750000 | AGAINST                     |  |
| Oracle Corporation                  | 68389X105 | 11/14/2024     | 2. Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |            589 |                0 | AGAINST     |                                      589 | AGAINST                     |  |
| Intra-Cellular Therapies, Inc.      | 46116X101 | 03/27/2025     | 2. Advisory Vote on Golden Parachutes                             | SECTION 14A SAY-ON-PAY VOTES |         925701 |                0 | AGAINST     |                                   925701 | AGAINST                     |  |
| Bio-Rad Laboratories, Inc.          | 090572207 | 04/22/2025     | 3. Submit Severance Agreement to Shareholder Vote                 | SECTION 14A SAY-ON-PAY VOTES |          34907 |                0 | FOR         |                                    34907 | AGAINST                     |  |
| Pfizer Inc.                         | 717081103 | 04/24/2025     | 3. Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          55371 |                0 | AGAINST     |                                    55371 | AGAINST                     |  |
| Pfizer Inc.                         | 717081103 | 04/24/2025     | 4. Shareholder Vote Regarding Golden Parachutes                   | SECTION 14A SAY-ON-PAY VOTES |          55371 |                0 | AGAINST     |                                    55371 | FOR                         |  |
| HCA Healthcare, Inc.                | 40412C101 | 04/24/2025     | 6. Submit Severance Agreement to Shareholder Vote                 | SECTION 14A SAY-ON-PAY VOTES |          50895 |                0 | FOR         |                                    50895 | AGAINST                     |  |
| Johnson  Johnson                    | 478160104 | 04/24/2025     | 4. Submit Severance Agreement to Shareholder Vote                 | SECTION 14A SAY-ON-PAY VOTES |          37424 |                0 | AGAINST     |                                    37424 | FOR                         |  |
| Moderna, Inc.                       | 60770K107 | 04/30/2025     | 2. Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        1600877 |                0 | AGAINST     |                                  1600877 | AGAINST                     |  |
| Molina Healthcare, Inc.             | 60855R100 | 04/30/2025     | 2. Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          58566 |                0 | AGAINST     |                                    58566 | AGAINST                     |  |
| Intuitive Surgical, Inc.            | 46120E602 | 05/01/2025     | 5. Improve Executive Compensation Program                         | SECTION 14A SAY-ON-PAY VOTES |         379224 |                0 | AGAINST     |                                   379224 | FOR                         |  |
| Intuitive Surgical, Inc.            | 46120E602 | 05/01/2025     | 6. Submit Severance Agreement to Shareholder Vote                 | SECTION 14A SAY-ON-PAY VOTES |         379224 |                0 | FOR         |                                   379224 | AGAINST                     |  |
| Vertex Pharmaceuticals Incorporated | 92532F100 | 05/14/2025     | 4. Submit Severance Agreement to Shareholder Vote                 | SECTION 14A SAY-ON-PAY VOTES |         442505 |                0 | AGAINST     |                                   442505 | FOR                         |  |
| Thermo Fisher Scientific Inc.       | 883556102 | 05/21/2025     | 2. Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          54214 |                0 | AGAINST     |                                    54214 | AGAINST                     |  |
| Amazon.com, Inc.                    | 023135106 | 05/21/2025     | 3. Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |           7875 |                0 | AGAINST     |                                     7875 | AGAINST                     |  |
| GE Healthcare Technologies, Inc.    | 36266G107 | 05/28/2025     | 4. Submit Severance Agreement to Shareholder Vote                 | SECTION 14A SAY-ON-PAY VOTES |         517745 |                0 | AGAINST     |                                   517745 | FOR                         |  |
| UnitedHealth Group Incorporated     | 91324P102 | 06/02/2025     | 2. Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         126299 |                0 | AGAINST     |                                   126299 | AGAINST                     |  |
| UnitedHealth Group Incorporated     | 91324P102 | 06/02/2025     | 4. Submit Severance Agreement to Shareholder Vote                 | SECTION 14A SAY-ON-PAY VOTES |         126299 |                0 | AGAINST     |                                   126299 | FOR                         |  |
| 10X Genomics, Inc.                  | 88025U109 | 06/03/2025     | 3. Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         230997 |                0 | AGAINST     |                                   230997 | AGAINST                     |  |
| Relay Therapeutics, Inc.            | 75943R102 | 06/06/2025     | 2. Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        7377292 |                0 | AGAINST     |                                  7377292 | AGAINST                     |  |
| Summit Therapeutics Inc.            | 86627T108 | 06/12/2025     | 3. Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          36085 |                0 | AGAINST     |                                    36085 | AGAINST                     |  |
| Biogen Inc.                         | 09062X103 | 06/17/2025     | 3. Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |            402 |                0 | AGAINST     |                                      402 | AGAINST                     |  |
| Rhythm Pharmaceuticals, Inc.        | 76243J105 | 06/24/2025     | 3. Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |           6052 |                0 | AGAINST     |                                     6052 | AGAINST                     |  |

## N-PX: Signature Block

**Reporting Person:** Bellevue Group AG

**By (Signature):** Christoph Eisenring / Stefano Montalbano

**By (Printed Signature):** Christoph Eisenring / Stefano Montalbano

**By (Title):** Head Legal  Compliance / CFO

**Date:** 08/25/2025