Fund HoldingsRA CAPITAL MANAGEMENT, L.P.

Total Portfolio Value
$9.76B
Total Bought
$1.25B
Total Sold
$1.04B
Net Transaction
+$214.87M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
CIDARA THERAPEUTICS INC3,365,5233,365,5230322,282743,4107.62%+421,128
AVIDITY BIOSCIENCES INC8,641,0318,641,0310376,490623,2786.39%+246,788
WAVE LIFE SCIENCES LTD(WVE)18,202,00918,203,009+1,000133,239309,4513.17%+176,212
TYRA BIOSCIENCES INC(TYRA)12,198,62512,198,6250170,659320,7023.29%+150,043
ASCENDIS PHARMA A/S - ADR(ASND)10,281,49610,281,49602,044,0642,192,42622.46%+148,362
RHYTHM PHARMACEUTICALS INC(RYTM)5,681,3596,666,837+985,478573,760713,6187.31%+139,858
BIOCRYST PHARMACEUTICALS INC(BCRX)015,827,186+15,827,1860123,4521.26%+123,452
PRAXIS PRECISION MEDICINES I(PRAX)0373,787+373,7870110,1701.13%+110,170
SIONNA THERAPEUTICS INC10,445,3229,905,045-540,277307,197407,4944.17%+100,297
EDGEWISE THERAPEUTICS INC(EWTX)10,428,43710,428,4370169,149258,7822.65%+89,632
NUVALENT INC-A1,246,4561,880,057+633,601107,794189,1151.94%+81,321
OLEMA PHARMACEUTICALS INC(OLMA)02,600,000+2,600,000065,0000.67%+65,000
VAXCYTE INC(PCVX)11,965,99110,724,599-1,241,392431,015494,8335.07%+63,818
SEPTERNA INC(SEPN)6,995,8586,995,8580131,592195,0452.00%+63,452
EVOMMUNE INC03,458,770+3,458,770059,2140.61%+59,214
SPYRE THERAPEUTICS INC(SYRE)01,621,620+1,621,620053,1240.54%+53,124
DISC MEDICINE INC(IRON)1,577,1061,976,132+399,026104,215156,9251.61%+52,709
TAYSHA GENE THERAPIES INC(TSHA)23,555,64823,555,648077,027129,5561.33%+52,529
LEXEO THERAPEUTICS INC05,000,000+5,000,000049,6500.51%+49,650
JADE BIOSCIENCES INC1,062,3263,671,083+2,608,7579,16856,6450.58%+47,477
NEWAMSTERDAM PHARMA CO NV
ORDINARY SHARES
10,138,9389,550,191-588,747288,351335,0213.43%+46,669
CAPRICOR THERAPEUTICS INC01,507,844+1,507,844043,5160.45%+43,516
PEPGEN INC20,064,54520,064,545092,698130,6201.34%+37,922
GRAIL INC(GRAL)0428,266+428,266036,6550.38%+36,655
BENITEC BIOPHARMA INC01,850,000+1,850,000024,9200.26%+24,920
INVIVYD INC17,119,09617,119,096018,83142,2840.43%+23,453
REZOLUTE INC09,180,000+9,180,000021,6650.22%+21,665
LB PHARMACEUTICALS INC(LBRX)1,776,9582,208,604+431,64628,05849,1640.50%+21,105
OVID THERAPEUTICS INC010,714,000+10,714,000017,4640.18%+17,464
ARS PHARMACEUTICALS INC10,860,97710,860,9770109,153126,5301.30%+17,378
PALISADE BIO INC07,124,116+7,124,116016,7420.17%+16,742
C4 THERAPEUTICS INC08,000,000+8,000,000015,2800.16%+15,280
CLIMB BIO INC31,419,26711,293,828-20,125,43963,15377,7110.80%+14,559
MEDLINE INC-CL A(MDLN)0335,000+335,000014,0700.14%+14,070
ARTIVA BIOTHERAPEUTICS INC9,853,3029,853,302028,27942,2710.43%+13,992
RANI THERAPEUTICS HOLDINGS-A08,500,000+8,500,000011,4750.12%+11,475
DESIGN THERAPEUTICS INC(DSGN)475,6991,461,381+985,6823,58213,7080.14%+10,126
ASSEMBLY BIOSCIENCES INC1,020,4101,020,410026,12234,7040.36%+8,582
ADICET BIO INC0948,249+948,24907,9840.08%+7,984
SAB BIOTHERAPEUTICS INC4,401,5004,401,50008,84716,4620.17%+7,615
BICARA THERAPEUTICS INC6,955,9936,955,9930109,835117,0691.20%+7,234
ACUMEN PHARMACEUTICALS INC14,932,06314,932,063025,53431,5070.32%+5,973
ACRIVON THERAPEUTICS INC8,340,5088,340,508015,09620,1010.21%+5,004
WAYSTAR HOLDING CORP(WAY)0144,400+144,40004,7290.05%+4,729
INSPIRE MEDICAL SYSTEMS INC(INSP)114,901141,964+27,0638,52613,0930.13%+4,568
BELITE BIO INC - ADR(BLTE)875,000432,484-442,51664,75069,1800.71%+4,430
HINGE HEALTH INC-A(HNGE)080,113+80,11303,7210.04%+3,721
AVALO THERAPEUTICS INC(AVTX)662,968662,96808,42612,0390.12%+3,613
4D MOLECULAR THERAPEUTICS IN4,563,2115,653,211+1,090,00039,65442,3990.43%+2,745
QIAGEN N.V.(QGEN)043,976+43,97602,0820.02%+2,082
NEWAMSTERDAM PHARMA CO NV-27
*W EXP 99/99/999
333,333333,33305,7037,6670.08%+1,963
ORTHOPEDIATRICS CORP0109,959+109,95901,9530.02%+1,953
HEALTH CATALYST INC0793,749+793,74901,8970.02%+1,897
PERCEPTIVE CAPITAL SOLUTIONS
CL A ORD SHS
750,000750,00007,9509,7730.10%+1,823
MONOPAR THERAPEUTICS INC511,207667,207+156,00041,75043,5690.45%+1,818
GERON CORP(GERN)60,379,36663,771,366+3,392,00082,72084,1780.86%+1,458
GENEDX HOLDINGS CORP(WGS)58,04458,04406,2547,5490.08%+1,296
PALATIN TECHNOLOGIES INC070,000+70,00001,0770.01%+1,077
PROGYNY INC96,62896,62802,0792,4810.03%+402
CONTINEUM THERAPEUTICS INC-A2,122,0002,179,711+57,71124,93424,9140.26%-19
NKARTA INC10,805,12910,805,129022,36719,9890.20%-2,377
INFLARX NV1,973,2330-1,973,2332,6440-2,644
EXACT SCIENCES CORP(EXK)54,9390-54,9393,0060-3,006
SOLID BIOSCIENCES INC5,811,4235,811,423035,85632,7760.34%-3,080
GLAUKOS CORP(GKOS)54,1800-54,1804,4180-4,418
EVOLENT HEALTH INC - A579,0520-579,0524,8990-4,899
ADICET BIO INC7,541,0000-7,541,0006,1100-6,110
SURROZEN INC602,6260-602,6267,7650-7,765
CYTOMX THERAPEUTICS INC2,661,3310-2,661,3318,4900-8,490
WEREWOLF THERAPEUTICS INC6,681,3076,681,307013,1624,2330.04%-8,930
ELEDON PHARMACEUTICALS INC3,566,3380-3,566,3389,2370-9,237
UNIQURE NV(QURE)200,0000-200,00011,6740-11,674
MINERALYS THERAPEUTICS INC(MLYS)7,323,7507,323,7500277,717265,7792.72%-11,938
GH RESEARCH PLC(GHRS)7,676,6977,676,6970109,77797,4941.00%-12,283
ARCUS BIOSCIENCES INC(RCUS)1,136,3640-1,136,36415,4550-15,455
PRIME MEDICINE INC3,000,0000-3,000,00016,6200-16,620
TANGO THERAPEUTICS INC(TNGX)2,000,0000-2,000,00016,8000-16,800
LARIMAR THERAPEUTICS INC6,045,3510-6,045,35119,5260-19,526
FULCRUM THERAPEUTICS INC10,229,0996,053,960-4,175,13994,10868,4700.70%-25,637
VOR BIOPHARMA INC(VOR)1,982,3015,404,998+3,422,69796,57870,6970.72%-25,880
TRAVERE THERAPEUTICS INC(TVTX)1,150,0000-1,150,00027,4850-27,485
METSERA INC675,5250-675,52535,3500-35,350
STRUCTURE THERAPEUTICS INC1,517,4180-1,517,41842,4880-42,488
SCHOLAR ROCK HOLDING CORP(SRRK)1,166,7880-1,166,78843,4510-43,451
DIANTHUS THERAPEUTICS INC(DNTH)2,866,7331,611,733-1,255,000112,80666,4200.68%-46,386
JANUX THERAPEUTICS INC(JANX)11,189,69311,189,6930273,476154,4181.58%-119,058
LENZ THERAPEUTICS INC4,178,8234,178,8230194,65066,8610.68%-127,788
ARCELLX INC
COMMON STOCK
3,036,5271,267,156-1,769,371249,29982,6190.85%-166,680
89BIO INC19,889,6830-19,889,683292,3780-292,378
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