STOCK TITAN

Alector: BVF group reports 8.4% passive stake

Biotechnology Value Fund–affiliated entities and Mark N. Lampert report an 8.4% beneficial stake in Alector common stock.

(Neutral)
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Alector, Inc. (ALEC) is reported to have a significant shareholder group led by Biotechnology Value Fund entities and Mark N. Lampert, which together may be deemed to beneficially own 9,374,267 shares of Alector common stock as of September 18, 2026. This represents approximately 8.4% of the 111,656,919 shares outstanding as of July 31, 2026. The stake is held across several affiliated funds, including Biotechnology Value Fund, L.P., Biotechnology Value Fund II, L.P., and Biotechnology Value Trading Fund OS LP, with investment and voting authority allocated among related general partners and management entities. The reporting persons include various Delaware and Cayman Islands entities and Mark N. Lampert, who signs as authorized signatory for the group and disclaims beneficial ownership beyond the interests attributed through these entities.

Positive

  • None.

Negative

  • None.
Total beneficially owned shares 9,374,267 shares Shares of Alector common stock that BVF-related entities and Mark N. Lampert may be deemed to own as of September 18, 2026
Beneficial ownership percentage 8.4% Percentage of Alector common stock that BVF-related entities and Mark N. Lampert may be deemed to beneficially own, based on 111,656,919 shares outstanding
Biotechnology Value Fund, L.P. holdings 4,900,143 shares Alector common shares beneficially owned by Biotechnology Value Fund, L.P. as of September 18, 2026 (about 4.4% of the class)
Biotechnology Value Fund II, L.P. holdings 3,671,016 shares Alector common shares beneficially owned by Biotechnology Value Fund II, L.P. as of September 18, 2026 (about 3.3% of the class)
Trading Fund OS LP holdings 619,317 shares Alector common shares beneficially owned by Biotechnology Value Trading Fund OS LP as of September 18, 2026 (less than 1% of the class)
Shares outstanding 111,656,919 shares Alector common shares outstanding as of July 31, 2026, used to calculate ownership percentages
BVF GP Holdings LLC aggregate stake 8,571,159 shares Shares beneficially owned in the aggregate by Biotechnology Value Fund, L.P. and Biotechnology Value Fund II, L.P. that BVF GP Holdings LLC may be deemed to own
beneficially owned financial
"As of the close of business on September 18, 2026, (i) BVF beneficially owned 4,900,143 shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting power financial
"Shared Voting Power 9,374,267.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
dispositive power financial
"Shared Dispositive Power 9,374,267.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13G regulatory
"Item 8. | Identification and Classification of Members of the Group."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
investment manager financial
"Partners, as the investment manager of BVF, BVF2 and Trading Fund OS"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of Alector (ALEC) does the Biotechnology Value Fund group report owning?

The Biotechnology Value Fund group and Mark N. Lampert may be deemed to beneficially own 8.4% of Alector’s outstanding common stock, representing 9,374,267 shares as of September 18, 2026.

How many Alector (ALEC) shares does each main BVF fund hold?

As of September 18, 2026, Biotechnology Value Fund, L.P. holds 4,900,143 shares, Biotechnology Value Fund II, L.P. holds 3,671,016 shares, and Biotechnology Value Trading Fund OS LP holds 619,317 shares of Alector common stock.

What is the total number of Alector (ALEC) shares outstanding used to calculate BVF’s ownership?

The ownership percentages are based on 111,656,919 Alector common shares outstanding as of July 31, 2026, as reported in Alector’s Quarterly Report on Form 10-Q filed on August 6, 2026.

Who are the reporting persons in this Schedule 13G for Alector (ALEC)?

Reporting persons include Biotechnology Value Fund, L.P., related BVF and Trading Fund entities, BVF Partners L.P., BVF Inc., and Mark N. Lampert, collectively referred to as the “Reporting Persons.”

Does Mark N. Lampert directly own Alector (ALEC) shares in this report?

Mark N. Lampert may be deemed to beneficially own 9,374,267 shares through his role as a director and officer of BVF Inc., but he and other reporting persons expressly disclaim beneficial ownership of shares owned by the various BVF entities.

What voting power does the BVF group report over Alector (ALEC) shares?

The BVF entities report shared voting and dispositive power over their Alector shares, with no sole voting or dispositive power. BVF Partners L.P., BVF Inc., and Mark N. Lampert share voting and dispositive power over the aggregated 9,374,267 shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates





014442107

(CUSIP Number)
09/11/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



BIOTECHNOLOGY VALUE FUND L P
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:09/18/2026
BVF I GP LLC
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:09/18/2026
BIOTECHNOLOGY VALUE FUND II LP
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:09/18/2026
BVF II GP LLC
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:09/18/2026
Biotechnology Value Trading Fund OS LP
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:09/18/2026
BVF Partners OS Ltd.
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:09/18/2026
BVF GP HOLDINGS LLC
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:09/18/2026
BVF PARTNERS L P/IL
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:09/18/2026
BVF INC/IL
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:09/18/2026
LAMPERT MARK N
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert
Date:09/18/2026
Exhibit Information

99.1 - Joint Filing Agreement, September 18, 2026.

Keep reading