Baker Bros. Advisors — BCYC

How Baker Bros. Advisors's position in BICYCLE THERAPEUTICS PLC-ADR changed quarter by quarter. Change badges compare each quarter to the fund's immediately-prior filing.

Quarter	Shares	Value	% of portfolio	Change
Q1 2026	10,885,357	$50,508,056	0.29%	—
Q4 2025	10,885,357	$77,068,328	0.45%	NEW