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Holdings, Q3 2026

Largest first. Common shares only.

Latest 13F holdings
#The fund's own figures at the end of the quarter. A report can be up to 45 days old when it is filed. Options and bonds are not counted here.Filing
1BMRN
BioMarin Pharmaceutical Inc.
1.17M$70.3M11.9%-18.1%13F ↗
2BCRX
BioCryst Pharmaceuticals, Inc.
7.08M$59.0M10.0%New13F ↗
3TVTX
Travere Therapeutics, Inc.
959,634$56.5M9.6%New13F ↗
4INDV
Supernus, Inc.
1.53M$54.7M9.3%New13F ↗
5PHVS
Pharvaris N.V.
987,637$31.3M5.3%+45.7%13F ↗
6CELC
Celcuity Inc.
382,901$30.4M5.2%New13F ↗
7IONS
Ionis Pharmaceuticals, Inc.
599,826$26.8M4.5%New13F ↗
8SUPN
Supernus Pharmaceuticals
601,685$25.9M4.4%New13F ↗
9NUVB
Nuvation Bio Inc.
4.49M$25.1M4.3%New13F ↗
10VERA
Vera Therapeutics, Inc.
652,218$21.1M3.6%New13F ↗
11TRVI
Trevi Therapeutics, Inc.
1.45M$20.7M3.5%+8.1%13F ↗
12BCAX
Bicara Therapeutics Inc.
1.06M$19.8M3.4%+19.2%13F ↗
13RLMD
Relmada Therapeutics, Inc.
5.24M$19.7M3.4%+43.3%13F ↗
14ABVX
Abivax SA · ADR
142,558$14.1M2.4%New13F ↗
15ACRS
Aclaris Therapeutics, Inc.
2.50M$13.2M2.2%+42.4%13F ↗
16INSM
Insmed Incorporated · Com Par $.01
106,528$12.2M2.1%-12.9%13F ↗
17NBIX
Neurocrine Biosciences, Inc.
83,426$11.8M2.0%New13F ↗
18IMCR
Immunocore Holdings plc · ADR
384,278$11.6M2.0%-25.1%13F ↗
19ERAS
Erasca, Inc.
610,118$8.9M1.5%New13F ↗
20CAPR
Capricor Therapeutics, Inc.
892,532$8.5M1.4%+112%13F ↗
21DNTH
Dianthus Therapeutics, Inc.
80,017$7.0M1.2%+40.1%13F ↗
22NGNE
Neurogene Inc.
217,700$6.1M1.0%New13F ↗
23CRBP
Corbus Pharmaceuticals Holdings, Inc.
886,428$6.0M1.0%+35.6%13F ↗
24TNXP
Tonix Pharmaceuticals Holding Corp.
563,739$5.5M0.9%-9.9%13F ↗
25SGMT
Sagimet Biosciences Inc.
502,587$5.0M0.8%New13F ↗
26DYN
Dyne Therapeutics, Inc.
300,900$4.8M0.8%New13F ↗
27AVLN
Avalyn Pharma Inc.
126,744$3.6M0.6%New13F ↗
28ATTO
Attovia Therapeutics, Inc.
182,295$3.1M0.5%New13F ↗
29PHAT
Phathom Pharmaceuticals, Inc.
276,830$2.0M0.3%+71.4%13F ↗
30LXEO
Lexeo Therapeutics, Inc.
593,737$2.0M0.3%New13F ↗
31OLMA
Olema Oncology, Inc.
206,397$1.8M0.3%-64.1%13F ↗
32TENX
Tenax Therapeutics, Inc.
122,169$230.9K<0.1%New13F ↗
33ALVO
Alvotech
26,700$154.9K<0.1%New13F ↗

Changes since Q2 2026

19 new, 9 added to, 5 trimmed, 15 exited, 0 unchanged. By estimated dollars.

New positions (19)

New positions
BCRX
BioCryst Pharmaceuticals, Inc.
7.08MNew$59.0M
TVTX
Travere Therapeutics, Inc.
959,634New$56.5M
INDV
Supernus, Inc.
1.53MNew$54.7M
CELC
Celcuity Inc.
382,901New$30.4M
IONS
Ionis Pharmaceuticals, Inc.
599,826New$26.8M
SUPN
Supernus Pharmaceuticals
601,685New$25.9M
NUVB
Nuvation Bio Inc.
4.49MNew$25.1M
VERA
Vera Therapeutics, Inc.
652,218New$21.1M
ABVX
Abivax SA · ADR
142,558New$14.1M
NBIX
Neurocrine Biosciences, Inc.
83,426New$11.8M

Added to (9)

Added to
PHVS
Pharvaris N.V.
987,637+45.7%$9.8M
RLMD
Relmada Therapeutics, Inc.
5.24M+43.3%$6.0M
CAPR
Capricor Therapeutics, Inc.
892,532+112%$4.5M
ACRS
Aclaris Therapeutics, Inc.
2.50M+42.4%$3.9M
BCAX
Bicara Therapeutics Inc.
1.06M+19.2%$3.2M
DNTH
Dianthus Therapeutics, Inc.
80,017+40.1%$2.0M
CRBP
Corbus Pharmaceuticals Holdings, Inc.
886,428+35.6%$1.6M
TRVI
Trevi Therapeutics, Inc.
1.45M+8.1%$1.5M
PHAT
Phathom Pharmaceuticals, Inc.
276,830+71.4%$842.0K

Trimmed (5)

Trimmed
BMRN
BioMarin Pharmaceutical Inc.
1.17M-18.1%-$15.6M
IMCR
Immunocore Holdings plc · ADR
384,278-25.1%-$3.9M
OLMA
Olema Oncology, Inc.
206,397-64.1%-$3.2M
INSM
Insmed Incorporated · Com Par $.01
106,528-12.9%-$1.8M
TNXP
Tonix Pharmaceuticals Holding Corp.
563,739-9.9%-$600.9K

Exited (15)

Exited
GILD
Gilead Sciences, Inc.
343,043Exited-$43.3M
ARQT
Arcutis Biotherapeutics, Inc.
1.09MExited-$28.6M
MDGL
Madrigal Pharmaceuticals, Inc.
52,545Exited-$28.2M
XENE
Xenon Pharmaceuticals Inc.
367,900Exited-$22.2M
ANIP
ANI Pharmaceuticals, Inc.
233,808Exited-$19.4M
AMLX
Amylyx Pharmaceuticals, Inc.
894,058Exited-$16.1M
Nuvalent Inc98,442Exited-$12.2M
IMUX
Immunic, Inc.
539,814Exited-$8.3M
ORIC
Oric Pharmaceuticals, Inc.
747,313Exited-$8.1M
SNDX
Syndax Pharmaceuticals, Inc.
340,000Exited-$7.4M

The 10 largest of each, by estimated dollars: shares changed times the later report's price. Index tracking, splits and mergers move positions too.

Compare two quarters

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Reported value by quarter

Value and number of positions at the end of each quarter.

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Largest positions in earlier quarters

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Ten largest positions

By value, Q3 2026.

$0$20.0M$40.0M$60.0M$80.0MBMRN · Value: $70,311,540BMRNBCRX · Value: $59,003,889BCRXTVTX · Value: $56,503,250TVTXINDV · Value: $54,731,657INDVPHVS · Value: $31,327,846PHVSCELC · Value: $30,448,288CELCIONS · Value: $26,782,231IONSSUPN · Value: $25,896,522SUPNNUVB · Value: $25,127,122NUVBVERA · Value: $21,060,119VERA

Filings

13F filings
Filing
Q3 2026Nov 13, 202613F-HR33$589.2MCurrentSEC ↗
Q2 2026Aug 13, 202613F-HR29$470.4MCurrentSEC ↗
Q1 2026May 14, 202613F-HR26$466.5MCurrentSEC ↗

Most recent first, up to 80. An amendment can replace a report or add holdings to it. All 13F filings

Information, not investment advice. Values are the fund's own figures at quarter end; a report can be up to 45 days old when filed. Disclaimer