Fund Holdings

PERCEPTIVE ADVISORS LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
CENTESSA PHARMACEUTICALS PLC2,917,6345,258,903+2,341,26972,970,026208,883,6274.13%+135,913,601
ASCENDIS PHARMA A/S(ASND)1,081,4211,531,421+450,000230,602,214350,281,9256.92%+119,679,711
SPYRE THERAPEUTICS INC(SYRE)3,069,2253,783,225+714,000100,547,811190,825,8693.77%+90,278,058
RELAY THERAPEUTICS INC(RLAY)1,903,2459,751,141+7,847,89616,101,45397,023,8531.92%+80,922,400
PRAXIS PRECISION MEDICINES I(PRAX)1,995,9862,035,986+40,000588,296,914655,974,32912.96%+67,677,415
ROIVANT SCIENCES LTD(ROIV)7,985,4618,285,461+300,000173,284,504229,507,2704.53%+56,222,766
MODERNA INC(MRNA)(Put)01,000,000+1,000,000050,800,000+50,800,000
BIOCRYST PHARMACEUTICALS INC(BCRX)3,162,5297,434,033+4,271,50424,667,72670,771,9941.40%+46,104,268
CELCUITY INC(CELC)3,160,2003,127,200-33,000315,198,348356,938,6087.05%+41,740,260
IONIS PHARMACEUTICALS INC(IONS)0504,000+504,000037,845,3600.75%+37,845,360
DAY ONE BIOPHARMACEUTICALS I
COM
01,755,799+1,755,799037,644,3310.74%+37,644,331
DAMORA THERAPEUTICS INC(DMRA)01,223,000+1,223,000031,675,7000.63%+31,675,700
EDGEWISE THERAPEUTICS INC(EWTX)4,457,9744,423,974-34,000110,624,625139,355,1812.75%+28,730,556
CORVUS PHARMACEUTICALS INC(CRVS)692,4412,292,441+1,600,0005,331,79633,538,4120.66%+28,206,616
REVOLUTION MEDICINES INC(RVMD)0258,600+258,600025,148,8500.50%+25,148,850
NAUTILUS BIOTECHNOLOGY INC12,594,21112,594,211024,558,71148,865,5380.97%+24,306,827
ORUKA THERAPEUTICS INC(ORKA)1,476,5011,395,501-81,00044,752,74568,449,3241.35%+23,696,579
SAB BIOTHERAPEUTICS INC803,2106,431,743+5,628,5333,004,00524,633,5760.49%+21,629,571
DBV TECHNOLOGIES S A0964,391+964,391020,146,1280.40%+20,146,128
SOLID BIOSCIENCES INC11,833,53911,906,646+73,10766,741,16085,727,8511.69%+18,986,691
SUTRO BIOPHARMA INC0715,307+715,307017,818,2970.35%+17,818,297
TENAX THERAPEUTICS INC439,1421,447,782+1,008,6405,353,14123,150,0340.46%+17,796,893
DYNE THERAPEUTICS INC(DYN)3,478,9444,668,839+1,189,89568,048,14584,646,0511.67%+16,597,906
AMYLYX PHARMACEUTICALS INC(AMLX)8,284,8828,284,8820100,081,375115,159,8602.27%+15,078,485
ALTO NEUROSCIENCE INC(ANRO)1,784,3932,009,893+225,50031,762,19545,182,3950.89%+13,420,200
TANGO THERAPEUTICS INC(TNGX)513,035808,153+295,1184,545,49016,906,5610.33%+12,361,071
PROTAGONIST THERAPEUTICS INC1,350,4251,230,879-119,546117,946,120129,734,6472.56%+11,788,527
GUARDANT HEALTH INC(GH)160,000300,000+140,00016,342,40027,711,0000.55%+11,368,600
ANTERIS TECHNOLOGIES GLOBAL1,675,4763,425,476+1,750,0008,360,62519,011,3920.38%+10,650,767
EVOMMUNE INC0448,350+448,350010,307,5670.20%+10,307,567
PHATHOM PHARMACEUTICALS INC(PHAT)0925,000+925,000010,276,7500.20%+10,276,750
NEUMORA THERAPEUTICS INC.05,104,097+5,104,09709,952,9890.20%+9,952,989
MEIRAGTX HLDGS PLC(MGTX)10,326,10310,326,103082,092,51989,312,8641.76%+7,220,345
TWIST BIOSCIENCE CORP(TWST)0150,000+150,00007,128,0000.14%+7,128,000
SURROZEN INC0229,393+229,39306,682,2180.13%+6,682,218
AGOMAB THERAPEUTICS NV0600,000+600,00006,294,0000.12%+6,294,000
CYTOMX THERAPEUTICS INC.9,680,18510,098,824+418,63941,237,58847,464,4730.94%+6,226,885
EVOLUS INC01,286,862+1,286,86205,289,0030.10%+5,289,003
LEONABIO INC1,859,3221,859,322014,075,06719,113,8300.38%+5,038,763
OCULAR THERAPEUTIX INC(OCUL)(Call)0500,000+500,00004,235,000+4,235,000
OCULIS HOLDING AG493,827493,82709,861,72513,130,8600.26%+3,269,135
APELLIS PHARMACEUTICALS INC
COM
080,956+80,95603,256,8600.06%+3,256,860
JAZZ PHARMACEUTICALS PLC(JAZZ)170,000170,000028,900,00032,138,5000.63%+3,238,500
EDESA BIOTECH INC0563,239+563,23902,945,7400.06%+2,945,740
X4 PHARMACEUTICALS INC6,314,4526,737,648+423,19625,257,80827,826,4860.55%+2,568,678
ADAPTIVE BIOTECHNOLOGIES COR(ADPT)0152,500+152,50002,116,7000.04%+2,116,700
CORCEPT THERAPEUTICS INC(CORT)050,000+50,00002,015,5000.04%+2,015,500
ZYMEWORKS INC(ZYME)3,261,8503,510,078+248,22885,884,51187,892,3531.74%+2,007,842
CELCUITY INC(CELC)00014,098,43515,875,7740.31%+1,777,339
BILLIONTOONE INC72,81291,812+19,0005,958,9347,247,6390.14%+1,288,705
ADAGIO MED HLDGS INC9,876,5769,876,576010,271,63911,012,3820.22%+740,743
RAPPORT THERAPEUTICS INC(RAPP)673,923673,923020,446,82421,087,0510.42%+640,227
COGENT BIOSCIENCES INC(COGT)121,082121,08204,300,8334,660,4460.09%+359,613
EXAGEN INC0114,893+114,8930344,6790.01%+344,679
REVOLUTION MEDICINES INC(RVMD)250,000250,0000234,975447,5000.01%+212,525
ORCHESTRA BIOMED HLDGS INC5,127,2565,037,906-89,35021,278,11221,411,1010.42%+132,989
OUTSET MED INC833,333833,33303,091,6653,199,9980.06%+108,333
MEDLINE INC(MDLN)28,00028,00001,176,0001,246,0000.02%+70,000
PALATIN TECHNOLOGIES INC70,00061,945-8,0551,076,6001,079,0820.02%+2,482
SURROZEN INC166,666166,66603,3332,6670.00%-666
ENSYSCE BIOSCIENCES INC86,66686,666079,73346,6700.00%-33,063
CONNECT BIOPHARMA HLDGS LTD792,696792,69602,235,4032,076,8640.04%-158,539
OPUS GENETICS INC4,325,0001,835,842-2,489,1588,693,2508,353,0810.16%-340,169
CONTINEUM THERAPEUTICS INC1,464,5921,255,592-209,00016,740,28716,398,0320.32%-342,255
IOVANCE BIOTHERAPEUTICS INC(IOVA)152,7140-152,714416,9090-416,909
AVALO THERAPEUTICS INC(AVTX)139,667139,66702,536,3532,085,2280.04%-451,125
ENVVENO MEDICAL CORPORATION1,759,0350-1,759,035564,2980-564,298
CUMBERLAND PHARMACEUTICALS I341,087196,978-144,1091,357,526640,1790.01%-717,347
BIODESIX108,6940-108,694739,1190-739,119
LENZ THERAPEUTICS INC50,0000-50,000800,0000-800,000
LEXEO THERAPEUTICS INC139,8350-139,8351,388,5620-1,388,562
CRESCENT BIOPHARMA INC.453,686206,942-246,7445,380,7163,801,5250.08%-1,579,191
IMMIX BIOPHARMA INC338,9410-338,9411,772,6610-1,772,661
AXSOME THERAPEUTICS INC.(AXSM)148,900149,950+1,05027,195,09625,344,5490.50%-1,850,547
AXOGEN INC(AXGN)784,140697,312-86,82825,664,90223,101,9470.46%-2,562,955
SCHRODINGER INC(SDGR)202,4000-202,4003,618,9120-3,618,912
OLEMA PHARMACEUTICALS INC(OLMA)165,7130-165,7134,142,8250-4,142,825
KRYSTAL BIOTECH INC(KRYS)17,5000-17,5004,314,4500-4,314,450
AQUESTIVE THERAPEUTICS INC747,1930-747,1934,826,8670-4,826,867
TECTONIC THERAPEUTIC INC(Call)250,0000-250,0005,215,0000-5,215,000
PEPGEN INC829,8700-829,8705,402,4540-5,402,454
KYMERA THERAPEUTICS INC(KYMR)69,9350-69,9355,441,6420-5,441,642
NUVALENT INC(NUVL)1,665,1051,580,505-84,600167,492,912161,922,7373.20%-5,570,175
BIOHAVEN LTD(BHVN)(Call)500,0000-500,0005,645,0000-5,645,000
IRHYTHM HOLDINGS INC(IRTC)108,000105,026-2,97419,163,52012,395,1690.24%-6,768,351
IMMATICS N.V(IMTX)10,383,45610,383,4560109,026,288102,173,2072.02%-6,853,081
CAPRICOR THERAPEUTICS INC(CAPR)(Call)242,1000-242,1006,987,0060-6,987,006
INHIBIKASE THERAPEUTICS INC5,421,5682,315,000-3,106,56811,114,2143,889,2000.08%-7,225,014
BRIGHT MINDS BIOSCIENCES INC449,290377,544-71,74635,062,59227,549,3860.54%-7,513,206
KESTRA MED TECHNOLOGIES LTD
SHS
285,0000-285,0007,558,2000-7,558,200
XENON PHARMACEUTICALS INC(XENE)200,7910-200,7918,999,4530-8,999,453
MAPLIGHT THERAPEUTICS INC(MPLT)550,0000-550,0009,660,7500-9,660,750
GOSSAMER BIO INC3,139,6690-3,139,6699,732,9740-9,732,974
BETA BIONICS INC602,944842,944+240,00018,371,7048,446,2990.17%-9,925,405
NURIX THERAPEUTICS INC(NRIX)3,555,8773,710,877+155,00067,454,98757,518,5941.14%-9,936,393
INTUITIVE SURGICAL INC87,91985,419-2,50049,793,80539,377,3050.78%-10,416,500
IMMUNOVANT INC(IMVT)1,994,8901,597,383-397,50750,710,10439,678,9940.78%-11,031,110
ADMA BIOLOGICS INC883,468467,233-416,23516,114,4564,209,7690.08%-11,904,687
SEPTERNA INC(SEPN)433,1600-433,16012,076,5010-12,076,501
PALISADE BIO INC12,050,0008,928,149-3,121,85128,317,50015,624,2610.31%-12,693,239
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