Clients
Baker Bros. Advisors serves 2 clients. The average client has about $14.1 billion with the firm.
- Pooled investment vehicles2 clients100%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 2 | $28,147,892,952 | 100.0% | $14.07B |
| Total | 2 | $28,147,892,952 | 100% | $14.07B |
- Clients
- 2
- Regulatory AUM
- $28,147,892,952
- Share
- 100.0%
- Avg. per client
- $14.07B
Total
- Clients
- 2
- Regulatory AUM
- $28,147,892,952
- Share
- 100%
- Avg. per client
- $14.07B
What it does
Baker Bros. Advisors provides portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.
Baker Bros. Advisors advises 2 private funds.
100.0% of assets ($28.15B across 2 accounts) are managed with discretion. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
Custodians
Baker Bros. Advisors has custody of client assets.
- All other custodians$28.15B100%
Ownership and leadership
Julian Baker owns 25% to 50% of Baker Bros. Advisors.
- Owns 25% to 50% of Baker Bros. Advisors LP
Julian Baker
Control person · since January 2000
- Owns 25% to 50% of Baker Bros. Advisors LP
Felix Baker
Control person · since January 2000
Leadership
- Scott LessingPresident, Chief Compliance Officer
- Alexandra TooheyChief Financial Officer
- Julian BakerLimited Partner
- Felix BakerLimited Partner
Staff
- 60 employees
- 17 in advisory functions
Reported holdings
Baker Bros. Advisors’ reported 13F holdings total $19.96B across 84 positions, and the ten largest make up 72.8% of it.
- $19.96B
- Reported 13F value
- 84
- Positions
- 72.8%
- In the 10 largest
- +14.6%
- Value vs. prior quarter
- Incyte Corporation17.5%
- Beone Medicines Ltd. · Sponsored ADS12.6%
- Revolution Medicines, Inc..10.7%
- Madrigal Pharmaceuticals, Inc..5.8%
- Acadia Pharmaceuticals Inc..5.4%
- Kymera Therapeutics, Inc..5.0%
- Insmed Incorporated · Com Par $.014.7%
- Celcuity Inc..4.2%
- Kodiak Sciences Inc..3.9%
- Rhythm Pharmaceuticals, Inc..3.1%
Together, the ten largest are 72.8% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $19.96B is not its $28.15B in regulatory assets and does not represent any individual client's portfolio.
Fees
Baker Bros. Advisors is paid through a percentage of assets under management and performance-based fees.
Baker Bros. Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Baker Bros. Advisors has 1 office, with 2 listed addresses in 1 state.
New York · 2 listed addresses
- 860 Washington Street, 3rd Floor, New YorkHQ
- 2312 Main Street, Bridgehampton
Other business names
Baker Bros. Advisors has reported 1 other business name to the SEC.
- Bbi (baker Brothers Investments)
Registration details
- Legal name
- Baker Bros. Advisors LP
- Headquarters
- 860 Washington Street, 3rd Floor, New York, NY 10014
- Phone
- 212-339-5600
- Website
- Not reported
- SEC file
- 801-73446
- Structure
- Delaware limited partnership
- 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 Baker Bros. Advisors have?
Baker Bros. Advisors has 2 clients and manages $28.1 billion for them, as of March 2026.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Baker Bros. Advisors offer?
Baker Bros. 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 Baker Bros. Advisors have?
Baker Bros. Advisors has 0 investment adviser representatives registered with state securities authorities, out of 60 employees, and 17 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 Baker Bros. Advisors?
Baker Bros. Advisors’ direct owners are Julian Baker and Felix Baker, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Baker Bros. Advisors get paid?
Baker Bros. 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