Fund HoldingsSPHERA FUNDS MANAGEMENT LTD.

Total Portfolio Value
$766.54M
Total Bought
$270.41M
Total Sold
$161.06M
Net Transaction
+$109.35M
Filing Period:
Securities
SharesValue ($K)
Q1 2026
Q2 2026
Change
Q1 2026
Q2 2026
Weight (%)
Change
SPDR SERIES TRUST(Put)
ST STR SP BIOT
0150,000+150,000023,738+23,738
BIOGEN INC(BIIB)(Call)0100,000+100,000021,606+21,606
TEVA PHARMACEUTICAL INDS LTD(TEVA)1,136,9751,500,082+363,10734,24650,8236.63%+16,577
CYTOKINETICS INC(CYTK)0219,987+219,987018,7412.44%+18,741
INSMED INC(INSM)0118,800+118,800012,6661.65%+12,666
BIOMARIN PHARMACEUTICAL INC(BMRN)139,900328,550+188,6507,90318,8002.45%+10,897
RHYTHM PHARMACEUTICALS INC(RYTM)080,400+80,40008,9271.16%+8,927
LAM RESEARCH CORP(LRCX)018,470+18,47008,0041.04%+8,004
APPLIED MATLS INC011,040+11,04007,9821.04%+7,982
IDEAYA BIOSCIENCES INC(IDYA)0196,408+196,40807,3200.95%+7,320
NUVECTIS PHARMA INC0382,945+382,94507,0420.92%+7,042
HARMONY BIOSCIENCES HLDGS IN(HRMY)0176,663+176,66306,4320.84%+6,432
CYBIN INC01,620,753+1,620,753010,7131.40%+10,713
MAZE THERAPEUTICS INC(MAZE)227,343417,564+190,2216,78612,4601.63%+5,674
SYNDAX PHARMACEUTICALS INC(SNDX)724,5631,014,606+290,04316,92622,1792.89%+5,253
VISTRA CORP(VST)029,450+29,45004,6720.61%+4,672
TALEN ENERGY CORP(TLN)012,135+12,13504,6630.61%+4,663
MADRIGAL PHARMACEUTICALS INC(MDGL)9,04017,419+8,3794,7329,3531.22%+4,621
GLOBAL X FDS
CLOUD COMPUTNG
0195,900+195,90004,4550.58%+4,455
AVALO THERAPEUTICS INC(AVTX)0232,294+232,29404,2930.56%+4,293
PRAXIS PRECISION MEDICINES I(PRAX)(Call)012,500+12,50004,185+4,185
CABALETTA BIO INC01,329,012+1,329,01204,1330.54%+4,133
BIOGEN INC(BIIB)92,52696,626+4,10016,96320,8772.72%+3,914
BIOAGE LABS INC86,518213,671+127,1531,5135,2370.68%+3,724
PRELUDE THERAPEUTICS INC558,3391,019,832+461,4931,9105,4360.71%+3,526
BRIDGEBIO ONCOLOGY THERAPEUT0460,985+460,98503,5130.46%+3,513
CLIMB BIO INC419,247483,747+64,5002,8726,3080.82%+3,436
MINERALYS THERAPEUTICS INC(MLYS)1,339,9711,469,971+130,00036,30039,6605.17%+3,360
ACADIA PHARMACEUTICALS INC256,202356,534+100,3325,7039,0201.18%+3,317
PROQR THRAPEUTICS N V
SHS EURO
01,757,458+1,757,45803,2690.43%+3,269
ALNYLAM PHARMACEUTICALS INC(ALNY)010,800+10,80003,2510.42%+3,251
LARIMAR THERAPEUTICS INC0926,004+926,00402,8240.37%+2,824
IMMIX BIOPHARMA INC0270,000+270,00002,7840.36%+2,784
ULTRAGENYX PHARMACEUTICAL IN(RARE)809,333588,494-220,83916,95619,6502.56%+2,694
ABIVAX SA(ABVX)(Put)020,000+20,00002,665+2,665
TOWER SEMICONDUCTOR LTD(TSEM)145,735108,265-37,47025,57428,2183.68%+2,645
TREVI THERAPEUTICS INC(TRVI)574,029499,029-75,0006,8489,3071.21%+2,459
CONSTELLATION ENERGY CORP(CEG)09,850+9,85002,4460.32%+2,446
SATELLOS BIOSCIENCE INC489,207652,590+163,3832,7545,0740.66%+2,320
CYTOMX THERAPEUTICS INC.220,000879,000+659,0001,0343,2960.43%+2,262
NOVARTIS AG(NVS)37,00050,000+13,0005,6527,8331.02%+2,181
VOR BIOPHARMA INC(VOR)321,917416,417+94,5005,7437,6661.00%+1,923
TENAX THERAPEUTICS INC(Call)0127,600+127,60001,857+1,857
GENERATE BIOMEDICINES INC(GENB)185,000245,000+60,0002,3134,1330.54%+1,821
COGENT BIOSCIENCES INC(COGT)416,340459,340+43,00016,02517,7762.32%+1,752
TAYSHA GENE THERAPIES INC(TSHA)0250,000+250,00001,7030.22%+1,703
MERCK & CO INC(MRK)48,60058,600+10,0005,8467,5300.98%+1,684
PALISADE BIO INC1,733,4712,257,106+523,6353,0344,7170.62%+1,684
ZENAS BIOPHARMA INC(ZBIO)214,334230,834+16,5004,1905,8590.76%+1,668
PFIZER INC(PFE)186,000286,000+100,0005,2236,8870.90%+1,664
DYNE THERAPEUTICS INC(DYN)0199,594+199,59404,4330.58%+4,433
NOVO-NORDISK A S(NVO)120,677120,67704,4355,7850.75%+1,350
ORIC PHARMACEUTICALS INC(ORIC)537,628752,983+215,3556,8128,1551.06%+1,343
ELI LILLY & CO(LLY)9,0408,040-1,0008,3159,6431.26%+1,329
INHIBIKASE THERAPEUTICS INC0649,309+649,30901,3180.17%+1,318
CELLDEX THERAPEUTICS INC NEW(CLDX)243,575240,868-2,7077,7268,9631.17%+1,236
DISC MEDICINE INC(IRON)53,53863,538+10,0003,4234,6470.61%+1,224
ORIC PHARMACEUTICALS INC(ORIC)(Call)0100,000+100,00001,083+1,083
ABBVIE INC(ABBV)30,25630,25606,5807,6140.99%+1,033
SOLAREDGE TECHNOLOGIES INC(SEDG)4,000,0004,000,00006,9107,7471.01%+838
KURA ONCOLOGY INC(KURA)295,522295,039-4832,4033,2370.42%+834
ALPHA COGNITION INC567,616545,816-21,8003,1163,9410.51%+825
TANGO THERAPEUTICS INC(TNGX)343,563254,250-89,3137,1877,9481.04%+761
CONTINEUM THERAPEUTICS INC173,475183,475+10,0002,2663,0070.39%+742
SAVARA INC(SVRA)0756,164+756,16404,6580.61%+4,658
VERASTEM INC343,678632,632+288,9541,8212,4170.32%+595
FIRST TRACKS BIOTHERAPEUTICS027,876+27,87605610.07%+561
SCHOLAR ROCK HLDG CORP(SRRK)094,265+94,26505,1850.68%+5,185
FORTE BIOSCIENCES INC(FBRX)184,984249,693+64,7094,7915,3060.69%+515
IMMATICS N.V(IMTX)0720,057+720,05707,2940.95%+7,294
TRAWS PHARMA INC0398,486+398,48603360.04%+336
RELAY THERAPEUTICS INC(RLAY)408,436233,836-174,6004,0644,3750.57%+311
JOHNSON & JOHNSON(JNJ)28,83128,83107,0477,3220.96%+275
PROMIS NEUROSCIENCES INC325,591325,59104,1354,2850.56%+150
AMGEN INC(AMGN)7,5007,50002,6392,7160.35%+77
BRIDGEBIO PHARMA INC(BBIO)245,246245,346+10018,21218,2732.38%+61
SKYE BIOSCIENCE INC678,928678,92804174710.06%+53
OVID THERAPEUTICS INC1,622,8281,353,000-269,8283,6033,6400.47%+37
ORGANOGENESIS HLDGS INC550,000550,00001,3041,3370.17%+33
CORVUS PHARMACEUTICALS INC(CRVS)247,961244,961-3,0003,6283,6600.48%+32
APREA THERAPEUTICS INC270,000270,00002062170.03%+11
ISHARES TR(Call)47,00047,00004,0744,062-13
CURIS INC1,994,93798,996-1,895,9411,0921,0340.13%-58
FOGHORN THERAPEUTICS INC12,2240-12,224580-58
PRECISION BIOSCIENCES INC40,0000-40,0002200-220
WAVE LIFE SCIENCES LTD(WVE)0638,272+638,27203,7080.48%+3,708
ENLIVEN THERAPEUTICS INC153,265112,765-40,5006,0085,7230.75%-285
WEREWOLF THERAPEUTICS INC626,810626,81005222260.03%-296
VOYAGER THERAPEUTICS INC469,761427,554-42,2071,8131,4960.20%-317
MEDIWOUND LTD273,192273,19204,4014,0160.52%-385
TENAX THERAPEUTICS INC136,015120,200-15,8152,1751,7490.23%-426
ASTRAZENECA PLC(AZN)62,53062,530012,33211,8571.55%-475
NICE LTD(NICE)5,6110-5,6116190-619
ELEDON PHARMACEUTICALS INC1,772,1311,191,187-580,9445,4584,6930.61%-765
STRUCTURE THERAPEUTICS INC50,80028,600-22,2002,4491,5350.20%-914
XENON PHARMACEUTICALS INC(XENE)127,000105,000-22,0007,3856,3380.83%-1,047
BRISTOL-MYERS SQUIBB CO(BMY)17,5000-17,5001,0610-1,061
REVOLUTION MEDICINES INC(RVMD)55,11022,400-32,7105,3594,1950.55%-1,164
KODIAK SCIENCES INC(KOD)114,79681,796-33,0004,3763,1870.42%-1,189
SHATTUCK LABS INC280,78686,461-194,3251,8056000.08%-1,205
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