13FPulse
IN

INCY INCYTE CORP

2026Q2 · CUSIP 45337C102 · Sector: Healthcare & Biotech

Piling in

Net holder growth ranks near the top of the market

Funds that own it
834
Institutions that reported holding it to the SEC
Net increase in holders
+27
Last quarter 807 → now 834
How unusual is that
Top 20%
Stronger buying than 88% of US stocks
What the filings say, in one paragraph

834 funds held INCY at the end of 2026Q2, up 27 from the quarter before. That is stronger buying than 87.9% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $5.4B(YoY +21.5%), the P/E is 17.7x, return on equity is 25.5%. INCY has had 23 buying rushes in its history, and the price moved +7.9% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Healthcare & Biotech sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=186 2013Q4: holders=216 2014Q1: holders=243 2014Q2: holders=215 2014Q3: holders=214 2014Q4: holders=274 2015Q1: holders=294 2015Q2: holders=322 2015Q3: holders=355 2015Q4: holders=373 2016Q1: holders=353 2016Q2: holders=367 2016Q3: holders=390 2016Q4: holders=421 2017Q1: holders=498 2017Q2: holders=483 2017Q3: holders=487 2017Q4: holders=496 2018Q1: holders=494 2018Q2: holders=445 2018Q3: holders=453 2018Q4: holders=445 2019Q1: holders=506 2019Q2: holders=500 2019Q3: holders=489 2019Q4: holders=545 2020Q1: holders=483 2020Q2: holders=486 2020Q3: holders=492 2020Q4: holders=502 2021Q1: holders=484 2021Q2: holders=515 2021Q3: holders=488 2021Q4: holders=521 2022Q1: holders=528 2022Q2: holders=533 2022Q3: holders=533 2022Q4: holders=557 2023Q1: holders=553 2023Q2: holders=525 2023Q3: holders=526 2023Q4: holders=557 2024Q1: holders=582 2024Q2: holders=582 2024Q3: holders=590 2024Q4: holders=649 2025Q1: holders=629 2025Q2: holders=656 2025Q3: holders=712 2025Q4: holders=818 2026Q1: holders=807 2026Q2: holders=834 -106 -53 +0 +53 +106 167522876 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 23 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20%
2025Q4 Top 5% -4.6%
2025Q3 Top 5% -2.3% -6.8%
2025Q2 Top 20% +22.6% +21.3%
2024Q4 Top 10% -10.1% +20.6%
2024Q1 Top 20% +10.8% +32.9%
2023Q4 Top 20% -1.5% +9.1%
2022Q4 Top 20% -18.7% -18.1%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
304
Change in large funds
+26
Total value they hold
$22.8B
Funds buying for the first time
124
Funds that sold out entirely
97
Price change that quarter
+31.3%
Funds holding puts (bearish)
8
Funds holding calls (bullish)
12

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
17.7
EPS (TTM)
$7.08
EPS YoY
+3440.0%
Revenue (TTM)
$5.4B
Revenue YoY
+21.5%
Net margin
26.7%
ROE
25.5%
Debt ratio
23.4%
FCF (TTM)
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-06-30: EPS 0.72 2022-09-30: EPS 0.50 2022-12-31: EPS 0.13 2023-03-31: EPS 0.10 2023-06-30: EPS 0.90 2023-09-30: EPS 0.76 2023-12-31: EPS 0.89 2024-03-31: EPS 0.75 2024-06-30: EPS -2.04 2024-09-30: EPS 0.54 2024-12-31: EPS 0.90 2025-03-31: EPS 0.80 2025-06-30: EPS 2.04 2025-09-30: EPS 2.11 2025-12-31: EPS 1.46 2026-03-31: EPS 1.47 0B 0.8B 1.5B $B -2.24 0.04 2.32 20162017201820192020202120222023202420252026 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 29 12 291 569 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-723M-227M269M 20162017201820192020202120222023202420252026
Latest quarter $262M (2022-12-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-03-31 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.