Q4 2025 Holdings
Filed 2026-02-17 | 24 holdings | $1.2B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Liquidia Corporation(LQDA) | COM NEW | 53635D202 | $280.0M | 8,118,892 | 23.1% |
| Abivax SA(ABVX) | SPONSORED ADS | 00370M103 | $195.8M | 1,451,924 | 16.1% |
| Revolution Medicines Inc(RVMD) | COM | 76155X100 | $102.3M | 1,283,900 | 8.4% |
| Mineralys Therapeutics Inc(MLYS) | COM | 603170101 | $100.6M | 2,772,654 | 8.3% |
| Mineralys Therapeutics Inc(MLYS)Put | COM | 603170101 | $83.4M | 2,298,400 | 6.9% |
| Vaxcyte Inc(PCVX) | COM | 92243G108 | $78.7M | 1,704,815 | 6.5% |
| Exelixis Inc(EXEL) | COM | 30161Q104 | $68.1M | 1,553,262 | 5.6% |
| Adma Biologics Inc(ADMA) | COM | 000899104 | $54.9M | 3,012,508 | 4.5% |
| Tango Therapeutics Inc(TNGX) | COM | 87583X109 | $33.0M | 3,729,895 | 2.7% |
| Inhibrx Biosciences Inc(INBX) | COM | 45720N103 | $25.6M | 323,565 | 2.1% |
| Tyra Biosciences Inc(TYRA) | COM | 90240B106 | $24.8M | 944,257 | 2.0% |
| Xenon Pharmaceuticals Inc(XENE)Put | COM | 98420N105 | $24.6M | 549,700 | 2.0% |
| Xenon Pharmaceuticals Inc(XENE) | COM | 98420N105 | $24.6M | 549,665 | 2.0% |
| Maze Therapeutics Inc(MAZE) | COM | 578784100 | $22.8M | 550,191 | 1.9% |
| Rapt Therapeutics Inc(RAPT) | COM NEW | 75382E208 | $21.8M | 644,400 | 1.8% |
| Avalo Therapeutics Inc(AVTX) | COM NEW | 05338F306 | $16.0M | 881,533 | 1.3% |
| Anika Therapeutics Inc(ANIK) | COM | 035255108 | $13.8M | 1,435,130 | 1.1% |
| Inhibrx Biosciences Inc(INBX)Call | COM | 45720N103 | $11.9M | 150,000 | 1.0% |
| VOR Biopharma Inc(VOR) | COM NEW | 929033207 | $10.0M | 925,067 | 0.8% |
| Inventiva SA(IVA) | ADS | 46124U107 | $9.3M | 2,000,000 | 0.8% |
| Verrica Pharmaceuticals Inc(VRCA) | COM SHS | 92511W207 | $7.7M | 923,910 | 0.6% |
| Agios Pharmaceuticals Inc(AGIO)Call | COM | 00847X104 | $2.4M | 90,000 | 0.2% |
| Spruce Biosciences Inc(SPRB) | COM NEW | 85209E208 | $1.8M | 20,514 | 0.1% |
| Eledon Pharmaceuticals Inc(ELDN) | COM | 28617K101 | $839.5K | 555,978 | 0.1% |