Incyte Corporation· INCY

🇺🇸 US · LargeSP500NASDAQ

Healthcare Biotechnology Website

Price: $127.62
Day: +2.30%
Mkt Cap: $25.87B
52W Range: $81.09 – $132.60
Volume: 1.45M
Beta: 0.77

D55D FrameworkQuarterly Data

Holdings Analysis

Insider activity, institutional flows, and fund ownership.

Smart Money: 3.2 / 5 (Neutral), from 3 of 3 components
Institutions Q2 2026: 879 institutions hold; 487 added, 274 reduced
Insiders Q3 2026: no purchases, 22 sales ($18.2M)

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Incyte Corporation

INCY|Healthcare|Biotechnology

Current price: $128

Smart Money

Dimension 5 of 5

Insider selling pace · Q3 2026

1.9x

vs own 6-quarter average

Seller breadth · Q3 2026

4 sellers

vs 3.7 avg per quarter

Institutional net breadth · Q2 2026

+257

610 adding vs 353 reducing

Institutional ownership · Q2 2026

N/A

overlapping 13F filings

Insider Selling Pace

Each quarter's selling vs this stock's own trailing 6-quarter average

Light <0.5xRoutineElevated >1.5xHeavy >3xBuying

Institutional Positions

Institutions adding above the line, reducing below, net as a line

NewIncreasedReducedClosedNet

Largest Institutional Holders, Q2 2026

By reported market value, and how each moved in the quarter

Holder

Change

BAKER BROS. ADVISORS LP

30.8M

-0.5%

BLACKROCK, INC.

18.0M

-5.5%

DODGE & COX

12.0M

-2.9%

VANGUARD CAPITAL MANAGEMENT LLC

11.0M

+0.3%

STATE STREET CORP

9.7M

+0.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

7.8M

-0.1%

ETF & Fund Activity, Q2 2026

How the covering funds split between buying, holding and selling

111

189

110

111 buying189 unchanged110 selling

410 funds held INCY in Q2 2026, holding 82.8M shares between them, down 0.1% on the quarter.

Largest fund holders

GLENMEDE FUND INC374.1K sh

GOLDMAN SACHS VARIABLE INSURANCE TRUST7.9K sh

RYDEX VARIABLE TRUST7.9K sh

Notable Insider Transactions, Q3 2026

Largest open-market purchases and sales by value in the last eight quarters

Sale · Nov 10

Hoppenot Herve

$19.8M

Sale · Dec 16

Morrissey Michael James

$5.2M

Sale · Jul 15

Stein Steven H

$3.2M

Insider transactions from SEC Form 4 filings; institutional holdings from quarterly 13F filings, which are reported with a lag and can overlap between filers. 13F: quarterly institutional holdings report · ETF: Exchange-Traded Fund

See the complete picture

The full 5D Framework: Business Quality · Peer Comparison · Valuation · Analyst Sentiment · Smart Money

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Generated September 19, 2026

For educational purposes only. Not financial advice. Data may be delayed or incomplete.

Smart Money Sentiment

INCY Smart Money Sentiment Score

A weighted 1-5 sentiment score across three smart money signals.

Smart Money

3.2/5

Neutral

Weighted across 3 components

Component Breakdown (3 of 3 available)

Insider Activity

40% weight

-35

Institutional Flow

50% weight

+42

Fund Flow

10% weight

Overall Smart Money sentiment of 3.2/5 (Neutral) based on a weighted combination of 3 components. Insider activity uses a relative-baseline comparison against the stock's own history; institutional flow tracks position momentum and 13F share changes; fund flow measures ETF / mutual-fund buying vs selling. Higher scores indicate stronger bullish sentiment from professional investors.Last updated September 18, 2026.

Insider Trading Activity

Insider trading analysis comparing the latest quarter against the stock's own historical baseline.

Insider Selling Pace for INCY

Each quarter's selling vs the stock's own trailing 6-quarter average; 1.0x is typical for this stock. Green triangles mark quarters with insider buying.

Bearish Signal

Elevated insider selling in Q3 2026

22 sales totaling $18.2M (152.7K shares)

Share volume is elevated at 1.9x the historical average

4 different insiders sold this quarter

Sell-only pattern: no insider purchases across 15 quarters

Steady selling pace across recent quarters

1.9x

Selling pace

vs own 6-qtr average

Elevated

0.40%

Stake sold

of active insiders' holdings

4 sellers

Seller breadth

vs 3.7 avg per quarter

None

Insider buying

in the last 16 quarters

Notable Recent Transactions, INCY

Top 8 highest-value insider trades from the last 8 quarters

Hoppenot Herve

Director

Sell

187,500 shares at $105.46

≈36.3% of their stake at the time

Nov 10, 2025$19.77M

Morrissey Michael James

EVP, Head of Tech. Operations

Sell

53,175 shares at $97.29

≈62.6% of their stake at the time

Dec 16, 2025$5.17M

Stein Steven H

CMO & Head of Late-Stage Dev.

Sell

28,237 shares at $113.05

≈52.0% of their stake at the time

Jul 15, 2026$3.19M

Stein Steven H

EVP & Chief Medical Officer

Sell

20,105 shares at $102.51

≈24.2% of their stake at the time

Dec 2, 2025$2.06M

CAGNONI PABLO J

President, Global Head of R&d

Sell

15,888 shares at $119.70

≈6.9% of their stake at the time

Jul 31, 2026$1.90M

CAGNONI PABLO J

President, R&d

Sell

18,668 shares at $100.91

≈7.4% of their stake at the time

Feb 19, 2026$1.88M

CAGNONI PABLO J

President, Global Head of R&d

Sell

18,667 shares at $96.50

≈6.6% of their stake at the time

Apr 17, 2026$1.80M

CAGNONI PABLO J

President, R&d

Sell

18,667 shares at $94.24

≈7.4% of their stake at the time

Mar 17, 2026$1.76M

Institutional Ownership Analysis

Institutional ownership analysis with position momentum, 13F share flow, and ownership percentage trends.

Institutional Positions for INCY

Institutions adding (new + increased) above zero, reducing (reduced + closed) below, net as a line

New Increased Reduced Closed Net (adding − reducing)

Bullish Signal

Institutions accumulating in Q2 2026

13F filings cover more than 100% of shares this quarter (overlapping reports), so ownership and share-flow figures are unreliable

Moderate accumulation: 610 adding vs 353 reducing

Momentum improving from prior quarter

+257

Net breadth

610 adding vs 353 reducing

Accumulating

1.73

Add / reduce ratio

in Q2 2026

+44

New − closed

123 initiated, 79 exited

5 of 10

Top holders adding

largest holders with a known change

Position Changes

Q2 2026: how are institutions adjusting their positions?

+610 growing-353 shrinkingNet: +257

123

487

274

New (123)

Increased (487)

Reduced (274)

Closed (79)

Top Institutional Holders, INCY

Largest 8 institutional positions by ownership percentage as of Q2 2026

BAKER BROS. ADVISORS LP

30.8M

$3.5B

Ownership

15.35%

-0.5%

BLACKROCK, INC.

18.0M

$2.0B

Ownership

9.00%

-5.5%

DODGE & COX

12.0M

$1.4B

Ownership

5.97%

-2.9%

VANGUARD CAPITAL MANAGEMENT LLC

11.0M

$1.2B

Ownership

5.50%

+0.3%

STATE STREET CORP

9.7M

$1.1B

Ownership

4.85%

+0.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

7.8M

$883.2M

Ownership

3.89%

-0.1%

AQR CAPITAL MANAGEMENT LLC

5.3M

$603.2M

Ownership

2.66%

-8.9%

GEODE CAPITAL MANAGEMENT, LLC

4.8M

$536.5M

Ownership

2.37%

+0.5%

ETF and Mutual Fund Holdings

ETF and mutual fund activity breakdown showing buying vs selling funds, top fund holders, and detailed holdings.

Fund Activity

Q2 2026: 410 ETFs and mutual funds reporting

111 buying110 sellingNet: +1

111

189

110

Buying (111)

Unchanged (189)

Selling (110)

In total, funds bought 2.8M shares and sold 2.9M this quarter. Each fund counts once in the bar above, whatever the size of its move.

Neutral

Mixed fund activity in Q2 2026

410 ETFs and mutual funds reporting

111 buying vs 110 selling (balanced)

Top Fund Holders, INCY

Largest 8 ETF and mutual fund positions by shares held, each fund's latest filing

GLENMEDE FUND INC

374.1K

Weight

22.78%

Jul 31, 2026No change

GOLDMAN SACHS VARIABLE INSURANCE TRUST

7.9K

Weight

0.03%

Jun 30, 2026No change

RYDEX VARIABLE TRUST

7.9K

Weight

0.87%

Jun 30, 2026Increased

T. Rowe Price Balanced Fund, Inc.

7.8K

Weight

0.04%

Jun 30, 2026No change

T. Rowe Price Equity Series, Inc.

7.5K

Weight

0.45%

Jun 30, 2026Decreased

PIMCO VARIABLE INSURANCE TRUST

7.2K

Weight

0.00%

Jun 30, 2026No change

PRAXIS MUTUAL FUNDS

6.8K

Weight

0.05%

Jun 30, 2026No change

Columbia Funds Variable Series Trust II

6.8K

Weight

0.00%

Jun 30, 2026Decreased

Incyte Corporation· INCY

Holdings Analysis

Insider Trading Activity

1.3Transaction History162Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings165Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights

Search stocks

Holdings Analysis

Insider Trading Activity

1.3Transaction History162Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings165Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights