Fund Holdings

PERCEPTIVE ADVISORS LLC

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
RHYTHM PHARMACEUTICALS INC(RYTM)2,418,2992,438,969+20,670152,812,314288,390,5788.33%+135,578,264
CELCUITY INC(CELC)1,633,2082,956,319+1,323,11121,803,327146,042,1594.22%+124,238,832
MERUS N V708,1761,353,093+644,91737,250,058127,393,7063.68%+90,143,648
TRAVERE THERAPEUTICS INC(TVTX)834,2523,794,615+2,960,36312,346,93090,691,2992.62%+78,344,369
ROIVANT SCIENCES LTD(ROIV)3,331,4657,368,461+4,036,99637,545,611111,484,8153.22%+73,939,204
AMYLYX PHARMACEUTICALS INC(AMLX)7,902,3658,952,365+1,050,00050,654,160121,662,6403.52%+71,008,480
CENTESSA PHARMACEUTICALS PLC1,146,9353,100,902+1,953,96715,070,72675,196,8742.17%+60,126,148
PRAXIS PRECISION MEDICINES I(PRAX)752,9211,564,554+811,63331,660,32882,921,3622.40%+51,261,034
ASCENDIS PHARMA A/S(ASND)963,8861,088,501+124,615166,366,724216,404,8846.25%+50,038,160
PENUMBRA INC(PEN)32,797220,547+187,7508,416,69455,868,9661.61%+47,452,272
ARCELLX INC2,478,0002,468,353-9,647163,176,300202,651,7815.86%+39,475,481
INSMED INC(INSM)650,252702,130+51,87865,441,361101,113,7412.92%+35,672,380
ABIVAX SA(ABVX)0388,608+388,608032,992,8190.95%+32,992,819
NEUROCRINE BIOSCIENCES INC(NBIX)255,050450,050+195,00032,057,23463,178,0191.83%+31,120,785
INHIBRX BIOSCIENCES INC(INBX)977,8921,327,707+349,81513,954,51844,717,1711.29%+30,762,653
NUVALENT INC(NUVL)1,375,1801,562,336+187,156104,926,234135,110,8173.90%+30,184,583
IMMATICS N.V(IMTX)9,383,4569,383,456050,482,99379,947,0452.31%+29,464,052
EXACT SCIENCES CORP(EXK)0465,487+465,487025,466,7940.74%+25,466,794
VIRIDIAN THERAPEUTICS INC(VRDN)447,5071,462,400+1,014,8936,256,14831,558,5920.91%+25,302,444
PALVELLA THERAPEUTICS INC NE(PVLA)0395,093+395,093024,768,3800.72%+24,768,380
ORUKA THERAPEUTICS INC(ORKA)01,268,021+1,268,021024,384,0440.70%+24,384,044
MEIRAGTX HLDGS PLC(MGTX)12,626,10312,626,103082,231,024103,792,5403.00%+21,561,516
IRHYTHM TECHNOLOGIES INC(IRTC)0123,000+123,000021,154,7700.61%+21,154,770
ZYMEWORKS INC(ZYME)1,275,2742,090,663+815,38916,004,68935,708,5241.03%+19,703,835
BRIGHT MINDS BIOSCIENCES INC420,690449,290+28,60010,984,21627,253,9310.79%+16,269,715
REPLIGEN CORP(RGEN)166,000270,428+104,42820,647,08036,148,1111.04%+15,501,031
SOLID BIOSCIENCES INC11,906,64611,833,539-73,10757,985,36673,012,9362.11%+15,027,570
CYTOMX THERAPEUTICS INC6,993,6469,680,185+2,686,53915,875,57630,879,7900.89%+15,004,214
ENGENE HOLDINGS INC02,097,236+2,097,236014,324,1220.41%+14,324,122
AQUESTIVE THERAPEUTICS INC2,190,4203,760,099+1,569,6797,250,29021,018,9530.61%+13,768,663
SIONNA THERAPEUTICS INC(SION)1,216,0451,179,098-36,94721,098,38134,677,2721.00%+13,578,891
ASTRIA THERAPEUTICS INC6,485,4206,485,420034,761,85147,213,8571.36%+12,452,006
RAPPORT THERAPEUTICS INC(RAPP)0403,923+403,923011,996,5130.35%+11,996,513
OUTSET MED INC0833,333+833,333011,766,6610.34%+11,766,661
ALDEYRA THERAPEUTICS INC4,051,6315,222,311+1,170,68015,517,74727,260,4630.79%+11,742,716
KODIAK SCIENCES INC(KOD)0634,577+634,577010,388,0250.30%+10,388,025
GOSSAMER BIO INC03,812,797+3,812,797010,027,6560.29%+10,027,656
PROTAGONIST THERAPEUTICS INC1,074,4481,030,134-44,31459,384,74168,431,8021.98%+9,047,061
CELCUITY INC(CELC)00008,723,7920.25%+8,723,792
OMADA HEALTH INC(OMDA)2,426,3302,396,330-30,00044,401,83952,982,8561.53%+8,581,017
AMICUS THERAPEUTICS INC7,412,8306,370,851-1,041,97942,475,51650,202,3061.45%+7,726,790
TEMPUS AI INC(TEM)085,000+85,00006,860,3500.20%+6,860,350
ADAGIO MED HLDGS INC9,876,5769,876,576012,839,54919,160,5760.55%+6,321,027
KRYSTAL BIOTECH INC(KRYS)035,000+35,00006,178,5500.18%+6,178,550
CONTINEUM THERAPEUTICS INC699,486714,592+15,1062,776,9598,396,4560.24%+5,619,497
BETA BIONICS INC0277,944+277,94405,522,7470.16%+5,522,747
AKERO THERAPEUTICS INC915,8871,135,766+219,87948,871,73053,926,1701.56%+5,054,440
HEARTFLOW INC(HTFL)0150,000+150,00005,049,0000.15%+5,049,000
CORVUS PHARMACEUTICALS INC(CRVS)1,438,5951,438,59505,754,38010,602,4450.31%+4,848,065
SEPTERNA INC(SEPN)541,450541,45005,723,12710,184,6750.29%+4,461,548
CARIS LIFE SCIENCES INC(CAI)1,098,1631,098,163029,342,91533,219,4300.96%+3,876,515
PEPGEN INC0829,870+829,87003,833,9990.11%+3,833,999
BELITE BIO INC(BLTE)049,788+49,78803,684,3120.11%+3,684,312
RAPT THERAPEUTICS INC183,890183,89001,471,1204,742,5230.14%+3,271,403
OPUS GENETICS INC4,325,0004,325,00004,074,5837,136,2500.21%+3,061,667
PYXIS ONCOLOGY INC01,178,307+1,178,30702,615,8420.08%+2,615,842
APOGEE THERAPEUTICS INC(APGE)1,182,1481,351,989+169,84151,340,68853,714,5231.55%+2,373,835
ATHIRA PHARMA INC0540,296+540,29602,236,8250.06%+2,236,825
ARS PHARMACEUTICALS INC(Put)0200,000+200,00002,010,000+2,010,000
XENON PHARMACEUTICALS INC(XENE)200,791200,79106,284,7588,061,7590.23%+1,777,001
NAUTILUS BIOTECHNOLOGY INC12,594,21112,594,21109,130,80210,642,1080.31%+1,511,306
SCPHARMACEUTICALS INC500,000583,142+83,1421,905,0003,306,4150.10%+1,401,415
ANTERIS TECHNOLOGIES GLOBAL1,705,1301,705,13006,462,4437,673,0850.22%+1,210,642
UNIQURE NV(QURE)020,000+20,00001,167,4000.03%+1,167,400
AVALO THERAPEUTICS INC(AVTX)139,667139,6670696,9381,775,1680.05%+1,078,230
BIODESIX0108,694+108,6940820,6390.02%+820,639
ORCHESTRA BIOMED HLDGS INC4,592,5565,292,556+700,00012,308,05013,125,5390.38%+817,489
EDGEWISE THERAPEUTICS INC(EWTX)4,639,9493,795,894-844,05560,829,73161,569,4011.78%+739,670
TRINITY BIOTECH PLC1,790,0001,790,00001,163,5001,861,6000.05%+698,100
ALTO NEUROSCIENCE INC(ANRO)0155,366+155,3660624,5710.02%+624,571
NURIX THERAPEUTICS INC(NRIX)1,096,9851,416,149+319,16412,494,65913,085,2170.38%+590,558
KYMERA THERAPEUTICS INC(KYMR)210,106169,796-40,3109,169,0269,610,4540.28%+441,428
JANUX THERAPEUTICS INC(JANX)292,686292,68606,761,0477,153,2460.21%+392,199
LEXEO THERAPEUTICS INC139,835139,8350562,137928,5040.03%+366,367
BOSTON SCIENTIFIC CORP(BSX)280,000310,000+30,00030,074,80030,265,3000.87%+190,500
ENSYSCE BIOSCIENCES INC86,66686,6660193,265205,3980.01%+12,133
REVOLUTION MEDICINES INC(RVMD)250,000250,000065,67574,9750.00%+9,300
SURROZEN INC166,666166,66603,0172,9670.00%-50
APYX MEDICAL CORPORATION150,000150,0000337,500321,0000.01%-16,500
KALA BIO INC55,2270-55,227262,8810-262,881
BIODESIX INC2,173,8800-2,173,880613,0340-613,034
LYRA THERAPEUTICS INC255,150229,382-25,7682,286,1441,497,8640.04%-788,280
FORTE BIOSCIENCES INC(FBRX)68,1920-68,192881,7230-881,723
CAPRICOR THERAPEUTICS INC(CAPR)(Call)100,0000-100,000993,0000-993,000
INTUITIVE SURGICAL INC45,11952,119+7,00024,518,11623,309,1800.67%-1,208,936
ARTIVION INC(AORT)2,793,7032,020,000-773,70386,884,16385,526,8002.47%-1,357,363
ATHIRA PHARMA INC5,402,9640-5,402,9641,631,6950-1,631,695
INHIBIKASE THERAPEUTICS INC5,432,2935,421,568-10,72510,592,9718,782,9400.25%-1,810,031
CRESCENT BIOPHARMA INC.453,686453,68607,322,4925,394,3270.16%-1,928,165
SPYRE THERAPEUTICS INC(SYRE)1,529,4451,229,445-300,00022,895,79220,605,4980.60%-2,290,294
AXSOME THERAPEUTICS INC(AXSM)198,534148,900-49,63420,724,96418,083,9050.52%-2,641,059
ENVVENO MEDICAL CORPORATION1,284,9661,759,035+474,0695,127,0141,593,6860.05%-3,533,328
HELIX ACQUISITION CORP II398,0000-398,0004,226,7600-4,226,760
GLOBUS MED INC(GMED)88,5000-88,5005,223,2700-5,223,270
CAPRICOR THERAPEUTICS INC(CAPR)(Put)650,0000-650,0006,454,5000-6,454,500
ADMA BIOLOGICS INC1,303,4681,153,468-150,00023,736,15216,909,8410.49%-6,826,311
VIKING THERAPEUTICS INC(VKTX)380,700105,597-275,10310,088,5502,775,0890.08%-7,313,461
IMMUNOVANT INC(IMVT)2,137,8901,587,890-550,00034,206,24025,596,7870.74%-8,609,453
ULTRAGENYX PHARMACEUTICAL IN(RARE)270,0000-270,0009,817,2000-9,817,200
DYNE THERAPEUTICS INC(DYN)2,247,390540,444-1,706,94621,395,1536,836,6170.20%-14,558,536
Page 1 of 2