Fund Holdings — TANG CAPITAL MANAGEMENT LLC

Total Portfolio Value
$2.02B
Total Bought
$234.61M
Total Sold
$1.24B
Net Transaction
-$1.01B
Filing Period:
Securities
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SharesValue ($K)
Q3 2025
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Q4 2025
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Change
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Q3 2025
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Q4 2025
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Weight (%)
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Change
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AVIDITY BIOSCIENCES INC0900,000+900,000064,9173.21%+64,917
AURINIA PHARMACEUTICALS INC(AUPH)11,329,50011,329,5000125,191180,7068.93%+55,515
CAPRICOR THERAPEUTICS INC(CAPR)01,700,000+1,700,000049,0622.42%+49,062
CELCUITY INC(CELC)1,150,0001,050,000-100,00056,810104,7275.17%+47,917
COMPASS THERAPEUTICS INC(CMPX)16,811,96316,790,809-21,15458,84290,1674.45%+31,325
ANAPTYSBIO INC1,333,6391,332,087-1,55240,83664,5803.19%+23,744
PTC THERAPEUTICS INC(PTCT)1,500,0001,500,000092,055113,9405.63%+21,885
SPDR S&P 500 ETF TR(SPY)030,000+30,000020,4581.01%+20,458
NUVATION BIO INC(NUVB)4,200,0003,857,457-342,54315,54034,5631.71%+19,023
BIONTECH SE(BNTX)270,000470,000+200,00026,62744,7442.21%+18,117
VENTYX BIOSCIENCES INC3,100,0002,814,000-286,0009,64125,4101.26%+15,769
MODERNA INC(MRNA)305,300692,820+387,5207,88620,4311.01%+12,545
KALVISTA PHARMACEUTICALS INC5,041,7984,573,530-468,26861,40973,8633.65%+12,453
BRISTOL-MYERS SQUIBB CO(BMY)0200,000+200,000010,7880.53%+10,788
WAVE LIFE SCIENCES LTD(WVE)0600,000+600,000010,2000.50%+10,200
TRAVERE THERAPEUTICS INC(TVTX)700,000700,000016,73026,7471.32%+10,017
ANI PHARMACEUTICALS INC(ANIP)317,500481,437+163,93729,08338,0051.88%+8,922
SPYRE THERAPEUTICS INC(SYRE)3,200,0001,892,200-1,307,80053,63261,9883.06%+8,356
IMMUNOCORE HLDGS PLC(IMCR)2,305,6082,628,538+322,93083,76391,2374.51%+7,474
MIRUM PHARMACEUTICALS INC(MIRM)1,236,0271,236,027090,61397,6344.82%+7,021
CORCEPT THERAPEUTICS INC(CORT)0156,764+156,76405,4550.27%+5,455
ABEONA THERAPEUTICS INC(ABEO)01,000,000+1,000,00005,2700.26%+5,270
VERTEX PHARMACEUTICALS INC(VRTX)80,00080,000031,33136,2691.79%+4,938
IDEAYA BIOSCIENCES INC(IDYA)400,000450,000+50,00010,88415,5570.77%+4,673
STOKE THERAPEUTICS INC(STOK)500,000500,000011,75015,8700.78%+4,120
HERON THERAPEUTICS INC(HRTX)3,450,0006,250,000+2,800,0004,3478,1250.40%+3,778
ATEA PHARMACEUTICALS INC(AVIR)4,826,2004,814,700-11,50013,99617,1880.85%+3,192
HARMONY BIOSCIENCES HLDGS IN(HRMY)281,200290,292+9,0927,75010,8630.54%+3,113
KINIKSA PHARMACEUTICALS INTL(KNSA)2,328,6092,259,889-68,72090,42093,2204.60%+2,801
THERAVANCE BIOPHARMA INC(TBPH)264,308351,252+86,9443,8596,5720.32%+2,713
CRESCENT BIOPHARMA INC.(CBIO)679,824872,398+192,5748,08310,3470.51%+2,264
VAXCYTE INC(PCVX)300,000275,000-25,00010,80612,6890.63%+1,883
SUTRO BIOPHARMA INC(STRO)0139,617+139,61701,6150.08%+1,615
KEZAR LIFE SCIENCES INC
COM NEW
720,000664,314-55,6862,8084,1790.21%+1,371
VERASTEM INC(VSTM)789,8101,069,810+280,0006,9748,2590.41%+1,285
BIOGEN INC(BIIB)35,00035,00004,9036,1600.30%+1,257
JOURNEY MED CORP(DERM)1,854,5961,854,596013,20514,2990.71%+1,094
REGENERON PHARMACEUTICALS(REGN)10,0008,000-2,0005,6236,1750.31%+552
DIANTHUS THERAPEUTICS INC(DNTH)264,692264,692010,41610,9080.54%+492
BIOCRYST PHARMACEUTICALS INC(BCRX)800,000800,00006,0726,2400.31%+168
ERASCA INC(ERAS)1,502,915900,000-602,9153,2763,3480.17%+72
ADICET BIO INC06,158+6,1580520.00%+52
CASSAVA SCIENCES INC(FLNA)7,0737,073021140.00%-7
PACIFIC BIOSCIENCES CALIF IN(PACB)25,0000-25,000320—-32
METAGENOMI INC(MGX)28,0080-28,008660—-66
ATHIRA PHARMA INC(LONA)59,9980-59,9982480—-248
ONKURE THERAPEUTICS INC(OKUR)116,3950-116,3953200—-320
WHIRLPOOL CORP(WHR)4,3350-4,3353410—-341
ALTIMMUNE INC(ALT)2,131,3072,131,30708,0357,6940.38%-341
GH RESEARCH PLC(GHRS)24,0300-24,0303440—-344
BOLT BIOTHERAPEUTICS INC66,8790-66,8793560—-356
MACROGENICS INC(MGNX)218,8560-218,8563680—-368
CLOROX CO DEL(CLX)3,0520-3,0523760—-376
FEDEX CORP(FDX)1,6930-1,6933990—-399
HORMEL FOODS CORP(HRL)16,1810-16,1814000—-400
INVIVYD INC(IVVD)400,0000-400,0004400—-440
CENTURY THERAPEUTICS INC(IPSC)900,0000-900,0004480—-448
PAYCHEX INC(PAYX)3,5420-3,5424490—-449
CHEVRON CORP NEW(CVX)3,0230-3,0234690—-469
OMNIAB INC(OABI)300,0000-300,0004800—-480
ATYR PHARMA INC671,1340-671,1344840—-484
SHERWIN WILLIAMS CO(SHW)1,3980-1,3984840—-484
SEALED AIR CORP NEW(SDA)14,2740-14,2745050—-505
NVIDIA CORPORATION(NVDA)130,509127,788-2,72124,35023,8321.18%-518
FORD MTR CO(F)43,3810-43,3815190—-519
MCDONALDS CORP(MCD)1,7100-1,7105200—-520
BIOHAVEN LTD(BHVN)140,000140,00002,1011,5810.08%-521
PMV PHARMACEUTICALS INC(PMVP)4,785,2014,940,000+154,7996,6996,1750.31%-524
STANDARD BIOTOOLS INC(LAB)407,7550-407,7555300—-530
T-MOBILE US INC(TMUS)2,2850-2,2855470—-547
AMAZON COM INC(AMZN)2,5830-2,5835670—-567
HEWLETT PACKARD ENTERPRISE C(HPE)23,5630-23,5635790—-579
ALLSTATE CORP(ALL)2,7000-2,7005800—-580
PASSAGE BIO INC(PASG)75,0000-75,0006020—-602
UNITED AIRLS HLDGS INC(UAL)6,2960-6,2966080—-608
AMERICAN EXPRESS CO(AXP)1,9310-1,9316410—-641
BOEING CO(BA)3,2250-3,2256960—-696
ASTRIA THERAPEUTICS INC100,0000-100,0007280—-728
ULTA BEAUTY INC(ULTA)1,3840-1,3847560—-756
NEUMORA THERAPEUTICS INC.(NMRA)1,400,000967,235-432,7652,5481,7310.09%-817
NETFLIX INC(NFLX)6830-6838190—-819
FORTREA HLDGS INC(FTRE)100,0000-100,0008420—-842
GE VERNOVA INC(GEV)1,3780-1,3788470—-847
KURA ONCOLOGY INC(KURA)100,0000-100,0008850—-885
GE AEROSPACE(GE)2,9940-2,9949010—-901
UNITEDHEALTH GROUP INC(UNH)2,7210-2,7219400—-940
BIOATLA INC(BCAB)1,374,0760-1,374,0769450—-945
AMERICAN ASSETS TR INC50,0000-50,0001,0160—-1,016
TELADOC HEALTH INC(TDOC)1,400,0001,400,000010,8229,8000.48%-1,022
TSCAN THERAPEUTICS INC(TCRX)600,00046,131-553,8691,092460.00%-1,046
PUMA BIOTECHNOLOGY INC(PBYI)200,0000-200,0001,0620—-1,062
IMMUNITYBIO INC(IBRX)2,333,3332,333,33305,7404,6200.23%-1,120
PAYPAL HLDGS INC(PYPL)17,3230-17,3231,1620—-1,162
IOVANCE BIOTHERAPEUTICS INC(IOVA)543,7600-543,7601,1800—-1,180
FATE THERAPEUTICS INC(FATE)1,867,7731,167,773-700,0002,3531,1470.06%-1,206
VIATRIS INC(VTRS)128,3590-128,3591,2710—-1,271
PFIZER INC(PFE)53,0390-53,0391,3510—-1,351
AMYLYX PHARMACEUTICALS INC(AMLX)100,0000-100,0001,3590—-1,359
TEXAS INSTRS INC(TXN)7,4150-7,4151,3620—-1,362
PROCTER AND GAMBLE CO(PG)8,9520-8,9521,3750—-1,375
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TANG CAPITAL MANAGEMENT LLC — 13F Holdings — Q4 2025 | TickerTrail