TANG CAPITAL MANAGEMENT LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| STATE STR SPDR S&P 500 ETF T(SPY) | 0 | 168,000 | +168,000 | 0 | 109,257,120 | 5.55% | +109,257,120 |
| CORCEPT THERAPEUTICS INC(CORT) | 0 | 1,500,000 | +1,500,000 | 0 | 60,465,000 | 3.07% | +60,465,000 |
| CAPRICOR THERAPEUTICS INC(CAPR) | 0 | 3,399,900 | +3,399,900 | 0 | 103,356,960 | 5.25% | +103,356,960 |
| SPYRE THERAPEUTICS INC(SYRE) | 0 | 1,892,200 | +1,892,200 | 0 | 95,442,568 | 4.85% | +95,442,568 |
| INSMED INC(INSM) | 0 | 260,000 | +260,000 | 0 | 42,515,200 | 2.16% | +42,515,200 |
| COMPASS PATHWAYS PLC(CMPS) | 0 | 4,002,200 | +4,002,200 | 0 | 22,132,166 | 1.12% | +22,132,166 |
| KALVISTA PHARMACEUTICALS INC(KALV) | 0 | 4,573,530 | +4,573,530 | 0 | 92,065,159 | 4.68% | +92,065,159 |
| MIRUM PHARMACEUTICALS INC(MIRM) | 0 | 1,236,027 | +1,236,027 | 0 | 114,184,174 | 5.80% | +114,184,174 |
| ANI PHARMACEUTICALS INC(ANIP) | 0 | 707,500 | +707,500 | 0 | 54,406,750 | 2.76% | +54,406,750 |
| KINIKSA PHARMACEUTICALS INTL(KNSA) | 0 | 2,259,889 | +2,259,889 | 0 | 108,813,655 | 5.53% | +108,813,655 |
| CELCUITY INC(CELC) | 0 | 1,050,000 | +1,050,000 | 0 | 119,847,000 | 6.09% | +119,847,000 |
| DIANTHUS THERAPEUTICS INC(DNTH) | 0 | 264,692 | +264,692 | 0 | 22,212,953 | 1.13% | +22,212,953 |
| CRESCENT BIOPHARMA INC. | 0 | 1,160,000 | +1,160,000 | 0 | 21,309,200 | 1.08% | +21,309,200 |
| ANAPTYSBIO INC | 0 | 1,330,879 | +1,330,879 | 0 | 73,810,549 | 3.75% | +73,810,549 |
| ATEA PHARMACEUTICALS INC | 0 | 4,814,700 | +4,814,700 | 0 | 25,903,086 | 1.32% | +25,903,086 |
| JANUX THERAPEUTICS INC(JANX) | 0 | 500,000 | +500,000 | 0 | 6,950,000 | 0.35% | +6,950,000 |
| AGIOS PHARMACEUTICALS INC(AGIO) | 0 | 100,000 | +100,000 | 0 | 3,383,000 | 0.17% | +3,383,000 |
| PRECIGEN INC(PGEN) | 0 | 6,417,500 | +6,417,500 | 0 | 24,835,725 | 1.26% | +24,835,725 |
| KEZAR LIFE SCIENCES INC | 0 | 664,314 | +664,314 | 0 | 4,929,210 | 0.25% | +4,929,210 |
| LEXICON PHARMACEUTICALS INC(LXRX) | 0 | 399,700 | +399,700 | 0 | 623,532 | 0.03% | +623,532 |
| AURINIA PHARMACEUTICALS INC(AUPH) | 0 | 12,229,500 | +12,229,500 | 0 | 181,241,190 | 9.20% | +181,241,190 |
| STOKE THERAPEUTICS INC(STOK) | 0 | 500,000 | +500,000 | 0 | 16,280,000 | 0.83% | +16,280,000 |
| NKARTA INC | 0 | 1,480,823 | +1,480,823 | 0 | 3,124,537 | 0.16% | +3,124,537 |
| BIOGEN INC(BIIB) | 0 | 35,000 | +35,000 | 0 | 6,416,550 | 0.33% | +6,416,550 |
| FATE THERAPEUTICS INC | 0 | 1,167,773 | +1,167,773 | 0 | 1,401,328 | 0.07% | +1,401,328 |
| PLIANT THERAPEUTICS INC | 0 | 6,143,132 | +6,143,132 | 0 | 7,740,346 | 0.39% | +7,740,346 |
| ROCKET PHARMACEUTICALS INC | 0 | 100,000 | +100,000 | 0 | 358,000 | 0.02% | +358,000 |
| CASSAVA SCIENCES INC | 0 | 0 | 0 | 0 | 0 | — | 0 |
| TSCAN THERAPEUTICS INC | 0 | 0 | 0 | 0 | 0 | — | 0 |
| ADICET BIO INC | 0 | 0 | 0 | 0 | 0 | — | 0 |
| ERASCA INC(ERAS) | 0 | 200,000 | +200,000 | 0 | 3,236,000 | 0.16% | +3,236,000 |
| IDEAYA BIOSCIENCES INC(IDYA) | 0 | 450,000 | +450,000 | 0 | 14,994,000 | 0.76% | +14,994,000 |
| COHERUS ONCOLOGY INC | 0 | 1,886,748 | +1,886,748 | 0 | 3,188,604 | 0.16% | +3,188,604 |
| NEUMORA THERAPEUTICS INC. | 0 | 439,878 | +439,878 | 0 | 857,762 | 0.04% | +857,762 |
| PMV PHARMACEUTICALS INC | 0 | 4,245,085 | +4,245,085 | 0 | 5,263,905 | 0.27% | +5,263,905 |
| ZYMEWORKS INC(ZYME) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| ARVINAS INC | 0 | 538,658 | +538,658 | 0 | 5,709,775 | 0.29% | +5,709,775 |
| REVOLUTION MEDICINES INC(RVMD) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| VIKING THERAPEUTICS INC(VKTX) | 0 | 500,000 | +500,000 | 0 | 16,270,000 | 0.83% | +16,270,000 |
| COMPASS THERAPEUTICS INC | 0 | 16,790,809 | +16,790,809 | 0 | 88,823,380 | 4.51% | +88,823,380 |
| BIOHAVEN LTD(BHVN) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| SUTRO BIOPHARMA INC | 0 | 0 | 0 | 0 | 0 | — | 0 |
| UROGEN PHARMA LTD(URGN) | 0 | 350,000 | +350,000 | 0 | 6,293,000 | 0.32% | +6,293,000 |
| ALEXANDRIA REAL ESTATE EQ IN | 0 | 0 | 0 | 0 | 0 | — | 0 |
| NUVALENT INC(NUVL) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| BIONTECH SE(BNTX) | 0 | 470,000 | +470,000 | 0 | 41,773,600 | 2.12% | +41,773,600 |
| HERON THERAPEUTICS INC | 0 | 6,250,000 | +6,250,000 | 0 | 5,000,625 | 0.25% | +5,000,625 |
| ABEONA THERAPEUTICS INC | 0 | 400,000 | +400,000 | 0 | 1,792,000 | 0.09% | +1,792,000 |
| IMMUNITYBIO INC(IBRX) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| ALTIMMUNE INC | 0 | 666,022 | +666,022 | 0 | 2,051,348 | 0.10% | +2,051,348 |
| WAVE LIFE SCIENCES LTD(WVE) | 0 | 600,000 | +600,000 | 0 | 4,350,000 | 0.22% | +4,350,000 |
| REGENERON PHARMACEUTICALS(REGN) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| BIOCRYST PHARMACEUTICALS INC(BCRX) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| EVOLUS INC | 0 | 483,021 | +483,021 | 0 | 1,985,216 | 0.10% | +1,985,216 |
| THERAVANCE BIOPHARMA INC(TBPH) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| JOURNEY MED CORP | 0 | 1,610,000 | +1,610,000 | 0 | 7,550,900 | 0.38% | +7,550,900 |
| SAREPTA THERAPEUTICS INC(SRPT) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| ACADIA PHARMACEUTICALS INC | 0 | 0 | 0 | 0 | 0 | — | 0 |
| VERASTEM INC | 0 | 0 | 0 | 0 | 0 | — | 0 |
| DYNAVAX TECHNOLOGIES CORP | 0 | 0 | 0 | 0 | 0 | — | 0 |
| LENZ THERAPEUTICS INC | 0 | 451,114 | +451,114 | 0 | 4,127,696 | 0.21% | +4,127,696 |
| TELADOC HEALTH INC(TDOC) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| BRISTOL-MYERS SQUIBB CO(BMY) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| HARMONY BIOSCIENCES HLDGS IN(HRMY) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| IMMUNOCORE HLDGS PLC(IMCR) | 0 | 2,649,368 | +2,649,368 | 0 | 79,878,445 | 4.06% | +79,878,445 |
| PTC THERAPEUTICS INC(PTCT) | 0 | 1,500,000 | +1,500,000 | 0 | 102,195,000 | 5.19% | +102,195,000 |
| VAXCYTE INC(PCVX) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| TARSUS PHARMACEUTICALS INC(TARS) | 0 | 1,188,624 | +1,188,624 | 0 | 83,381,974 | 4.23% | +83,381,974 |
| GALAPAGOS NV(GLPG) | 0 | 3,785,991 | +3,785,991 | 0 | 113,579,730 | 5.77% | +113,579,730 |
| GSK PLC(GSK) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| MODERNA INC(MRNA) | 0 | 100,000 | +100,000 | 0 | 5,080,000 | 0.26% | +5,080,000 |
| META PLATFORMS INC(META) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| VIRIDIAN THERAPEUTICS INC(VRDN) | 0 | 1,792,626 | +1,792,626 | 0 | 35,063,765 | 1.78% | +35,063,765 |
| NUVATION BIO INC(NUVB) | 0 | 3,149,557 | +3,149,557 | 0 | 13,511,600 | 0.69% | +13,511,600 |
| NVIDIA CORPORATION(NVDA) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| VENTYX BIOSCIENCES INC | 0 | 0 | 0 | 0 | 0 | — | 0 |
| TRAVERE THERAPEUTICS INC(TVTX) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| VERTEX PHARMACEUTICALS INC(VRTX) | 0 | 0 | 0 | 0 | 0 | — | 0 |
| AVIDITY BIOSCIENCES INC | 0 | 0 | 0 | 0 | 0 | — | 0 |