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Avoro Capital Advisors

SEC-registered adviser since 2012New York, NYCRD 154091

3
Clients
11
Advisory staff

From Form ADV filed 5 March 2026 · data retrieved 15 October 2026SEC record

Avoro Capital Advisors is an investment adviser headquartered in New York, New York, and registered with the SEC since 2012. Its clients include pooled investment vehicles.

Its services include portfolio management for pooled vehicles. Fee arrangements include a percentage of assets under management and performance-based fees. Avoro Capital L.P. owns 75% or more of Avoro Capital Advisors.

Clients

Avoro Capital Advisors serves 3 clients. The average client has about $4.52 billion with the firm.

Regulatory assets by client type
  • Pooled investment vehicles3 clients100%
Show client breakdown
Pooled investment vehicles
Clients
3
Regulatory AUM
$13,550,212,784
Share
100.0%
Avg. per client
$4.52B

Total

Clients
3
Regulatory AUM
$13,550,212,784
Share
100%
Avg. per client
$4.52B

What it does

Avoro Capital Advisors provides portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.

Avoro Capital Advisors advises 2 private funds.

100.0% of assets ($13.55B across 3 accounts) are managed with discretion. 33% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

Avoro Capital Advisors has custody of $13.55B for 3 clients.

Managed account assets by custodian
  • All other custodians$13.55B100%

Ownership and leadership

Avoro Capital L.P. owns 75% or more of Avoro Capital Advisors.

Who owns the firm
Avoro Capital Advisors LLC· the adviser
  • Avoro Capital L.P.

    Control person · since May 2019

    Owns 75% or more of Avoro Capital Advisors LLC

Leadership

  • Neil Cammarosano
    Chief Financial Officer
  • Scott Epstein
    Chief Operating Officer and Chief Compliance Officer
  • Behzad Aghazadeh
    Managing Director

Staff

  • 19 employees
  • 11 in advisory functions

Reported holdings

Avoro Capital Advisors’ reported 13F holdings total $11.14B across 26 positions, and the ten largest make up 79.5% of it.

$11.14B
Reported 13F value
26
Positions
79.5%
In the 10 largest
+9.6%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. United Therapeutics Corp.13.5%
  2. Ascendis Pharma12.2%
  3. Krystal Biotech Inc.9.6%
  4. Madrigal Pharmaceuticals Inc.8.8%
  5. Argenx SE · Sponsored ADR8.3%
  6. Arrowhead Pharmaceuticals Inc.8.3%
  7. Kymera Therapeutics Inc.7.7%
  8. Revolution Medicines Inc.3.9%
  9. Cytokinetics Inc.3.8%
  10. Celcuity Inc.3.2%

Together, the ten largest are 79.5% of reported value.

The 26 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 14 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $11.14B is not its $13.55B in regulatory assets and does not represent any individual client's portfolio.

Fees

Avoro Capital Advisors is paid through a percentage of assets under management and performance-based fees.

Avoro Capital Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Avoro Capital Advisors has 0 offices, with 1 listed address in 1 state.

Listed office addresses by state

New York · 1 listed address

  • 110 Greene Street, Suite 800, New YorkHQ

Registration details

Legal name
Avoro Capital Advisors LLC
Headquarters
110 Greene Street, Suite 800, New York, NY 10012
SEC file
801-74391
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Avoro Capital Advisors have?

Avoro Capital Advisors has 3 clients and manages $13.6 billion for them, as of March 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 March 2026

What services does Avoro Capital Advisors offer?

Avoro Capital Advisors provides portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Avoro Capital Advisors have?

Avoro Capital Advisors has 0 investment adviser representatives registered with state securities authorities, out of 19 employees, and 11 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns Avoro Capital Advisors?

Avoro Capital Advisors is owned through a chain of holding companies by Behzad Aghazadeh and Garheng Kong. Its direct owner is Avoro Capital L.P. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 5 March 2026

How does Avoro Capital Advisors get paid?

Avoro Capital Advisors is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 5 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 154091.
  3. Form 13F-HR, filed 14 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Avoro Capital Advisors LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.