Fund Holdings — TANG CAPITAL MANAGEMENT LLC

Total Portfolio Value
$1.97B
Total Bought
$303.88M
Total Sold
$412.79M
Net Transaction
-$108.91M
Filing Period:
Securities
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SharesValue ($K)
Q4 2025
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Q1 2026
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Change
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Q4 2025
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Q1 2026
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Weight (%)
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Change
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STATE STR SPDR S&P 500 ETF T(SPY)30,000168,000+138,00020,458109,2575.55%+88,800
CORCEPT THERAPEUTICS INC(CORT)156,7641,500,000+1,343,2365,45560,4653.07%+55,010
CAPRICOR THERAPEUTICS INC(CAPR)1,700,0003,399,900+1,699,90049,062103,3575.25%+54,295
SPYRE THERAPEUTICS INC(SYRE)1,892,2001,892,200061,98895,4434.85%+33,454
INSMED INC(INSM)60,000260,000+200,00010,44242,5152.16%+32,073
COMPASS PATHWAYS PLC(CMPS)04,002,200+4,002,200022,1321.12%+22,132
KALVISTA PHARMACEUTICALS INC4,573,5304,573,530073,86392,0654.68%+18,203
MIRUM PHARMACEUTICALS INC(MIRM)1,236,0271,236,027097,634114,1845.80%+16,550
ANI PHARMACEUTICALS INC(ANIP)481,437707,500+226,06338,00554,4072.76%+16,402
KINIKSA PHARMACEUTICALS INTL(KNSA)2,259,8892,259,889093,220108,8145.53%+15,593
CELCUITY INC(CELC)1,050,0001,050,0000104,727119,8476.09%+15,120
DIANTHUS THERAPEUTICS INC(DNTH)264,692264,692010,90822,2131.13%+11,305
CRESCENT BIOPHARMA INC.(CBIO)872,3981,160,000+287,60210,34721,3091.08%+10,963
ANAPTYSBIO INC1,332,0871,330,879-1,20864,58073,8113.75%+9,231
ATEA PHARMACEUTICALS INC(AVIR)4,814,7004,814,700017,18825,9031.32%+8,715
JANUX THERAPEUTICS INC(JANX)0500,000+500,00006,9500.35%+6,950
AGIOS PHARMACEUTICALS INC(AGIO)0100,000+100,00003,3830.17%+3,383
PRECIGEN INC(PGEN)5,617,5006,417,500+800,00023,48124,8361.26%+1,355
KEZAR LIFE SCIENCES INC
COM NEW
664,314664,31404,1794,9290.25%+751
LEXICON PHARMACEUTICALS INC(LXRX)0399,700+399,70006240.03%+624
AURINIA PHARMACEUTICALS INC(AUPH)11,329,50012,229,500+900,000180,706181,2419.20%+536
STOKE THERAPEUTICS INC(STOK)500,000500,000015,87016,2800.83%+410
NKARTA INC(NKTX)1,480,8231,480,82302,7403,1250.16%+385
BIOGEN INC(BIIB)35,00035,00006,1606,4170.33%+257
FATE THERAPEUTICS INC(FATE)1,167,7731,167,77301,1471,4010.07%+254
PLIANT THERAPEUTICS INC(PLRX)6,143,1326,143,13207,4957,7400.39%+246
ROCKET PHARMACEUTICALS INC(RCKT)100,000100,00003513580.02%+7
CASSAVA SCIENCES INC(FLNA)7,0730-7,073140—-14
TSCAN THERAPEUTICS INC(TCRX)46,1310-46,131460—-46
ADICET BIO INC6,1580-6,158520—-52
ERASCA INC(ERAS)900,000200,000-700,0003,3483,2360.16%-112
IDEAYA BIOSCIENCES INC(IDYA)450,000450,000015,55714,9940.76%-562
COHERUS ONCOLOGY INC(CHRS)2,724,5091,886,748-837,7613,8693,1890.16%-680
NEUMORA THERAPEUTICS INC.(NMRA)967,235439,878-527,3571,7318580.04%-874
PMV PHARMACEUTICALS INC(PMVP)4,940,0004,245,085-694,9156,1755,2640.27%-911
ZYMEWORKS INC(ZYME)34,6310-34,6319120—-912
ARVINAS INC(ARVN)569,698538,658-31,0406,7575,7100.29%-1,047
REVOLUTION MEDICINES INC(RVMD)15,6400-15,6401,2460—-1,246
VIKING THERAPEUTICS INC(VKTX)500,000500,000017,59016,2700.83%-1,320
COMPASS THERAPEUTICS INC(CMPX)16,790,80916,790,809090,16788,8234.51%-1,343
BIOHAVEN LTD(BHVN)140,0000-140,0001,5810—-1,581
SUTRO BIOPHARMA INC(STRO)139,6170-139,6171,6150—-1,615
UROGEN PHARMA LTD(URGN)350,000350,00008,1976,2930.32%-1,904
ALEXANDRIA REAL ESTATE EQ IN40,0000-40,0001,9580—-1,958
NUVALENT INC21,8800-21,8802,2010—-2,201
BIONTECH SE(BNTX)470,000470,000044,74441,7742.12%-2,970
HERON THERAPEUTICS INC(HRTX)6,250,0006,250,00008,1255,0010.25%-3,124
ABEONA THERAPEUTICS INC(ABEO)1,000,000400,000-600,0005,2701,7920.09%-3,478
IMMUNITYBIO INC(IBRX)2,333,3330-2,333,3334,6200—-4,620
ALTIMMUNE INC(ALT)2,131,307666,022-1,465,2857,6942,0510.10%-5,643
WAVE LIFE SCIENCES LTD(WVE)600,000600,000010,2004,3500.22%-5,850
REGENERON PHARMACEUTICALS(REGN)8,0000-8,0006,1750—-6,175
BIOCRYST PHARMACEUTICALS INC(BCRX)800,0000-800,0006,2400—-6,240
EVOLUS INC(EOLS)1,245,692483,021-762,6718,2841,9850.10%-6,299
THERAVANCE BIOPHARMA INC(TBPH)351,2520-351,2526,5720—-6,572
JOURNEY MED CORP(DERM)1,854,5961,610,000-244,59614,2997,5510.38%-6,748
SAREPTA THERAPEUTICS INC(SRPT)349,2200-349,2207,5150—-7,515
ACADIA PHARMACEUTICALS INC300,0000-300,0008,0130—-8,013
VERASTEM INC(VSTM)1,069,8100-1,069,8108,2590—-8,259
DYNAVAX TECHNOLOGIES CORP556,3590-556,3598,5570—-8,557
LENZ THERAPEUTICS INC(LENZ)865,169451,114-414,05513,8434,1280.21%-9,715
TELADOC HEALTH INC(TDOC)1,400,0000-1,400,0009,8000—-9,800
BRISTOL-MYERS SQUIBB CO(BMY)200,0000-200,00010,7880—-10,788
HARMONY BIOSCIENCES HLDGS IN(HRMY)290,2920-290,29210,8630—-10,863
IMMUNOCORE HLDGS PLC(IMCR)2,628,5382,649,368+20,83091,23779,8784.06%-11,358
PTC THERAPEUTICS INC(PTCT)1,500,0001,500,0000113,940102,1955.19%-11,745
VAXCYTE INC(PCVX)275,0000-275,00012,6890—-12,688
TARSUS PHARMACEUTICALS INC(TARS)1,188,6241,188,624097,32583,3824.23%-13,943
GALAPAGOS NV(LKFT)3,921,2193,785,991-135,228128,224113,5805.77%-14,644
GSK PLC(GSK)300,0000-300,00014,7120—-14,712
MODERNA INC(MRNA)692,820100,000-592,82020,4315,0800.26%-15,351
META PLATFORMS INC(META)23,3310-23,33115,4010—-15,401
VIRIDIAN THERAPEUTICS INC(VRDN)1,792,6261,792,626055,78735,0641.78%-20,723
NUVATION BIO INC(NUVB)3,857,4573,149,557-707,90034,56313,5120.69%-21,051
NVIDIA CORPORATION(NVDA)127,7880-127,78823,8320—-23,832
VENTYX BIOSCIENCES INC2,814,0000-2,814,00025,4100—-25,410
TRAVERE THERAPEUTICS INC(TVTX)700,0000-700,00026,7470—-26,747
VERTEX PHARMACEUTICALS INC(VRTX)80,0000-80,00036,2690—-36,269
AVIDITY BIOSCIENCES INC900,0000-900,00064,9170—-64,917
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TANG CAPITAL MANAGEMENT LLC — 13F Holdings — Q1 2026 | TickerTrail