# EDGAR Filing Document

**Accession Number:** 0001599882
**File Stem:** 0001213900-26-015821
**Filing Date:** 2026-2
**Character Count:** 13110
**Document Hash:** 3f9b4b716a69b34ced01177460072fe5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-015821.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001213900-26-015821

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**EFFECTIVENESS DATE**: 20260213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rhenman & Partners Asset Management AB
- **CENTRAL INDEX KEY:** 0001599882

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** V7

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15944
- **FILM NUMBER:** 26628698

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** STRANDVAGEN 5A
- **CITY:** STOCKHOLM
- **PROVINCE COUNTRY:** V7
- **ZIP:** 11451
- **BUSINESS PHONE:** 4684598880

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** STRANDVAGEN 5A
- **CITY:** STOCKHOLM
- **PROVINCE COUNTRY:** V7
- **ZIP:** 11451

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Rhenman  Partners Asset Management AB<br>**Address:** Strandvagen 5a<br>Stockholm, V7 11451

**Form 13F File Number:** 028-15944

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Teresa Isele<br>**Title:** CEO<br>**Phone:** 46-8-459-88-80

**Signature, Place, and Date of Signing:**

/s/ Teresa Isele  Stockholm, V7  02-13-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 94

**Form 13F Information Table Value Total:** $1069994013

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 25265282 | 110575 | SH |  | SOLE |  | 110575 | 0 | 0 |
| ADAPTIVE BIOTECHNOLOGIES COR | COM | 00650F109 |  | 9825200 | 605000 | SH |  | SOLE |  | 605000 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 2721400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 15458850 | 99000 | SH |  | SOLE |  | 99000 | 0 | 0 |
| ALIGNMENT HEALTHCARE INC | COM | 01625V104 |  | 19936638 | 1009450 | SH |  | SOLE |  | 1009450 | 0 | 0 |
| ALKERMES PLC | SHS | G01767105 |  | 3728335 | 133250 | SH |  | SOLE |  | 133250 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 18162664 | 45675 | SH |  | SOLE |  | 45675 | 0 | 0 |
| ALPHATEC HLDGS INC | COM NEW | 02081G201 |  | 420800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 11783160 | 36000 | SH |  | SOLE |  | 36000 | 0 | 0 |
| ANTERIS TECHNOLOGIES GLOBAL | COM | 03675P102 |  | 6180739 | 1238625 | SH |  | SOLE |  | 1238625 | 0 | 0 |
| APELLIS PHARMACEUTICALS INC | COM | 03753U106 |  | 9406184 | 374450 | SH |  | SOLE |  | 374450 | 0 | 0 |
| ARCELLX INC | COMMON STOCK | 03940C100 |  | 8704200 | 133500 | SH |  | SOLE |  | 133500 | 0 | 0 |
| ARROWHEAD PHARMACEUTICALS IN | COM | 04280A100 |  | 9593355 | 144500 | SH |  | SOLE |  | 144500 | 0 | 0 |
| ASCENDIS PHARMA A/S | SPONSORED ADR | 04351P101 |  | 3198600 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| AXSOME THERAPEUTICS INC | COM | 05464T104 |  | 20967072 | 114800 | SH |  | SOLE |  | 114800 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 16252677 | 92350 | SH |  | SOLE |  | 92350 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 12777450 | 215000 | SH |  | SOLE |  | 215000 | 0 | 0 |
| BIONTECH SE | SPONSORED ADS | 09075V102 |  | 1986824 | 20870 | SH |  | SOLE |  | 20870 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 41115587 | 431207 | SH |  | SOLE |  | 431207 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 6241584 | 81600 | SH |  | SOLE |  | 81600 | 0 | 0 |
| BRIGHTSPRING HEALTH SVCS INC | COM | 10950A106 |  | 7415100 | 198000 | SH |  | SOLE |  | 198000 | 0 | 0 |
| BRUKER CORP | COM | 116794108 |  | 6940010 | 147315 | SH |  | SOLE |  | 147315 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 21404906 | 63375 | SH |  | SOLE |  | 63375 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 1902406 | 46231 | SH |  | SOLE |  | 46231 | 0 | 0 |
| CENTESSA PHARMACEUTICALS PLC | SPONSORED ADS | 152309100 |  | 2501000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 4388560 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 10637640 | 38650 | SH |  | SOLE |  | 38650 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 26841900 | 327500 | SH |  | SOLE |  | 327500 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 26625280 | 335500 | SH |  | SOLE |  | 335500 | 0 | 0 |
| CYTOKINETICS INC | COM NEW | 23282W605 |  | 2819588 | 44375 | SH |  | SOLE |  | 44375 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 22674984 | 99052 | SH |  | SOLE |  | 99052 | 0 | 0 |
| DENALI THERAPEUTICS INC | COM | 24823R105 |  | 1651000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| DIANTHUS THERAPEUTICS INC | COM | 252828108 |  | 4064419 | 98627 | SH |  | SOLE |  | 98627 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 16505370 | 372750 | SH |  | SOLE |  | 372750 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 16495875 | 193500 | SH |  | SOLE |  | 193500 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 5258250 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 |  | 15524355 | 146263 | SH |  | SOLE |  | 146263 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 15483651 | 126150 | SH |  | SOLE |  | 126150 | 0 | 0 |
| GLAUKOS CORP | COM | 377322102 |  | 23711100 | 210000 | SH |  | SOLE |  | 210000 | 0 | 0 |
| GUARDANT HEALTH INC | COM | 40131M109 |  | 8171200 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| IDEAYA Biosciences Inc | COM | 45166A102 |  | 8642500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| IMMUNOCORE HLDGS PLC | ADS | 45258D105 |  | 5320279 | 153278 | SH |  | SOLE |  | 153278 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 19768333 | 113585 | SH |  | SOLE |  | 113585 | 0 | 0 |
| INSPIRE MED SYS INC | COM | 457730109 |  | 3301834 | 35800 | SH |  | SOLE |  | 35800 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 17338640 | 61000 | SH |  | SOLE |  | 61000 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 27185280 | 48000 | SH |  | SOLE |  | 48000 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 12538935 | 158500 | SH |  | SOLE |  | 158500 | 0 | 0 |
| IOVANCE BIOTHERAPEUTICS INC | COM | 462260100 |  | 4355243 | 1595327 | SH |  | SOLE |  | 1595327 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 5973365 | 26500 | SH |  | SOLE |  | 26500 | 0 | 0 |
| IRHYTHM TECHNOLOGIES INC | COM | 450056106 |  | 1242080 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| JANUX THERAPEUTICS INC | COM | 47103J105 |  | 3110203 | 225377 | SH |  | SOLE |  | 225377 | 0 | 0 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 |  | 12585100 | 74030 | SH |  | SOLE |  | 74030 | 0 | 0 |
| KRYSTAL BIOTECH INC | COM | 501147102 |  | 6163500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| KURA ONCOLOGY IN | COM | 50127T109 |  | 9060080 | 872000 | SH |  | SOLE |  | 872000 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 45372990 | 42220 | SH |  | SOLE |  | 42220 | 0 | 0 |
| LIVANOVA PLC | SHS | G5509L101 |  | 11690700 | 190000 | SH |  | SOLE |  | 190000 | 0 | 0 |
| MADRIGAL PHARMACEUTICALS INC | COM | 558868105 |  | 11384747 | 19550 | SH |  | SOLE |  | 19550 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 20999424 | 25600 | SH |  | SOLE |  | 25600 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 28433760 | 296000 | SH |  | SOLE |  | 296000 | 0 | 0 |
| MINERALYS THERAPEUTICS INC | COM | 603170101 |  | 5173902 | 142571 | SH |  | SOLE |  | 142571 | 0 | 0 |
| MIRUM PHARMACEUTICALS INC | COM | 604749101 |  | 8393082 | 106255 | SH |  | SOLE |  | 106255 | 0 | 0 |
| MOONLAKE IMMUNOTHERAPEUTICS | CLASS A ORD | 61559X104 |  | 4797520 | 364000 | SH |  | SOLE |  | 364000 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 9278145 | 40500 | SH |  | SOLE |  | 40500 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 17798389 | 125491 | SH |  | SOLE |  | 125491 | 0 | 0 |
| NURIX THERAPEUTICS INC | COM | 67080M103 |  | 10196375 | 537500 | SH |  | SOLE |  | 537500 | 0 | 0 |
| NUVALENT INC | COM | 670703107 |  | 16431377 | 163350 | SH |  | SOLE |  | 163350 | 0 | 0 |
| OCULAR THERAPEUTIX INC | COM | 67576A100 |  | 3217100 | 265000 | SH |  | SOLE |  | 265000 | 0 | 0 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 3736200 | 260000 | SH |  | SOLE |  | 260000 | 0 | 0 |
| PENNANT GROUP INC | COM | 70805E109 |  | 10059290 | 357346 | SH |  | SOLE |  | 357346 | 0 | 0 |
| PENUMBRA INC | COM | 70975L107 |  | 9793665 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| PRIVIA HEALTH GROUP INC | COM | 74276R102 |  | 2963750 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| PROCEPT BIOROBOTICS CORP | COM | 74276L105 |  | 19222060 | 611000 | SH |  | SOLE |  | 611000 | 0 | 0 |
| RADNET INC | COM | 750491102 |  | 3353450 | 47000 | SH |  | SOLE |  | 47000 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 47392818 | 61400 | SH |  | SOLE |  | 61400 | 0 | 0 |
| RELAY THERAPEUTICS INC | COM | 75943R102 |  | 3891600 | 460000 | SH |  | SOLE |  | 460000 | 0 | 0 |
| RHYTHM PHARMACEUTICALS INC | COM | 76243J105 |  | 3746400 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 |  | 7979160 | 206500 | SH |  | SOLE |  | 206500 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 1521120 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| STEVANATO GROUP S P A | ORD SRS | T9224W109 |  | 2958143 | 147025 | SH |  | SOLE |  | 147025 | 0 | 0 |
| STOKE THERAPEUTICS INC | COM | 86150R107 |  | 6855840 | 216000 | SH |  | SOLE |  | 216000 | 0 | 0 |
| STRUCTURE THERAPEUTICS INC | SPONSORED ADS | 86366E106 |  | 10265580 | 147600 | SH |  | SOLE |  | 147600 | 0 | 0 |
| SYNDAX PHARMACEUTICALS INC | COM | 87164F105 |  | 10231870 | 487000 | SH |  | SOLE |  | 487000 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 15202875 | 76504 | SH |  | SOLE |  | 76504 | 0 | 0 |
| TG THERAPEUTICS INC | COM | 88322Q108 |  | 2183583 | 73250 | SH |  | SOLE |  | 73250 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 19492698 | 33640 | SH |  | SOLE |  | 33640 | 0 | 0 |
| UNIQURE NV | SHS | N90064101 |  | 1899444 | 79375 | SH |  | SOLE |  | 79375 | 0 | 0 |
| UNITED HEALTH GROUP INC | COM | 91324P102 |  | 18123039 | 54900 | SH |  | SOLE |  | 54900 | 0 | 0 |
| VERA THERAPEUTICS INC | CL A | 92337R101 |  | 21268800 | 420000 | SH |  | SOLE |  | 420000 | 0 | 0 |
| VERICEL CORP | COM | 92346J108 |  | 4213170 | 117000 | SH |  | SOLE |  | 117000 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 15529847 | 34255 | SH |  | SOLE |  | 34255 | 0 | 0 |
| VIKING THERAPEUTICS INC | COM | 92686J106 |  | 2919940 | 83000 | SH |  | SOLE |  | 83000 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 1925980 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| XENCOR INC | COM | 98401F105 |  | 2537633 | 165750 | SH |  | SOLE |  | 165750 | 0 | 0 |
| XENON PHARMACEUTICALS INC | COM | 98420N105 |  | 6229980 | 139000 | SH |  | SOLE |  | 139000 | 0 | 0 |

---