FCPM III Services B.V.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), FCPM III Services B.V. reported 9 stock positions worth $500.4 million. Its top holding was Newamsterdam Pharma (NAMS) at 52.4% of the portfolio, followed by Dyne Therapeutics (DYN, 13.8%) and Engene (ENGN, 13.1%). Compared with Q2 2025, it opened 1 new position, added to 1 and reduced 2. The biggest buy was a new position in Vor Biopharma (VOR) and the biggest sale Newamsterdam Pharma (NAMS, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- NAARDEN, P7
- CIK
- 0002013410
- Portfolio Value
- $500.4M (Q3 2025)
- SEC Filing
- 0001193125-25-281853 ↗ filed Nov 14, 2025
Holdings Value
Holdings 9 stocks · $500.4M
| NAMS Newamsterdam Pharma Co. NV | 52.36% | 9,212,384 | $262.0M | Reduce -13.3% |
| DYN Dyne Therapeutics Inc. | 13.81% | 5,462,846 | $69.1M | No change |
| ENGN Engene Holdings Inc. | 13.15% | 9,632,561 | $65.8M | No change |
| ATXS Astria Therapeutics Inc. | 5.98% | 4,107,537 | $29.9M | No change |
| BCYC Bicycle Therapeutics PLC-ADR | 5.34% | 3,452,330 | $26.7M | No change |
| VOR Vor Biopharma Inc. | 3.70% | 379,640 | $18.5M | New |
| REPL Replimune Group Inc. | 3.48% | 4,158,368 | $17.4M | Add +6.4% |
| RAPT Rapt Therapeutics Inc. | 1.77% | 344,237 | $8.9M | Reduce -21.8% |
| ENGENE HOLDINGS INC | 0.41% | 2,878,148 | $2.1M | No change |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $750.4M | NAMS, MPLT, DYN, VOR, DMRA |
| Q1 2026 | 10 | $722.2M | NAMS, DYN, VOR, ENGN, MPLT |
| Q4 2025 | 10 | $762.9M | NAMS, DYN, ENGN, RAPT, MPLT |
| Q3 2025 | 9 | $500.4M | NAMS, DYN, ENGN, ATXS, BCYC |
| Q2 2025 | 8 | $369.2M | NAMS, DYN, REPL, ENGN, BCYC |
| Q1 2025 | 7 | $413.7M | NAMS, DYN, ENGN, REPL, BCYC |
| Q4 2024 | 8 | $592.4M | NAMS, DYN, ENGN, BCYC, REPL |
| Q3 2024 | 7 | $582.3M | DYN, NAMS, ENGN, REPL, BCYC |
| Q2 2024 | 7 | $678.1M | DYN, NAMS, ENGN, REPL, BCYC |
| Q1 2024 | 6 | $707.3M | NAMS, DYN, ENGN, REPL, ENGENE HOLDINGS INC |