Fund Holdings

SPHERA FUNDS MANAGEMENT LTD.

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
MINERALYS THERAPEUTICS INC(MLYS)449,0031,339,971+890,96816,294,31936,299,8146.24%+20,005,495
CYTOKINETICS INC(CYTK)(Call)0259,300+259,300017,090,464+17,090,464
SPDR SERIES TRUST(Put)0200,000+200,000025,546,001+25,546,001
ASTRAZENECA PLC(AZN)062,530+62,530012,332,1672.12%+12,332,167
TOWER SEMICONDUCTOR LTD(TSEM)0145,735+145,735025,573,5784.40%+25,573,578
ULTRAGENYX PHARMACEUTICAL IN(RARE)0809,333+809,333016,955,5262.92%+16,955,526
BRIDGEBIO PHARMA INC(BBIO)107,746245,246+137,5008,241,49218,211,9683.13%+9,970,476
CELLEBRITE DI LTD(CLBT)0631,521+631,52108,702,3591.50%+8,702,359
PALO ALTO NETWORKS INC(PANW)052,800+52,80008,464,8961.46%+8,464,896
ORMAT TECHNOLOGIES INC(ORA)068,250+68,25007,638,5401.31%+7,638,540
NOVA LTD(NVMI)47,84653,366+5,52015,712,14823,175,7863.99%+7,463,638
XENON PHARMACEUTICALS INC(XENE)0127,000+127,00007,385,0501.27%+7,385,050
AMAZON COM INC(AMZN)031,940+31,94006,652,1441.14%+6,652,144
APPLIED OPTOELECTRONICS INC(AAOI)073,400+73,40006,208,9061.07%+6,208,906
BIOHAVEN LTD(BHVN)0594,000+594,00005,025,2400.86%+5,025,240
ZENAS BIOPHARMA INC(ZBIO)0214,334+214,33404,190,2300.72%+4,190,230
RELAY THERAPEUTICS INC(RLAY)0408,436+408,43604,063,9380.70%+4,063,938
PROMIS NEUROSCIENCES INC11,807325,591+313,78480,5864,135,0120.71%+4,054,426
CAMTEK LTD(CAMT)39,49853,020+13,5224,200,4158,038,3621.38%+3,837,947
MAZE THERAPEUTICS INC(MAZE)71,843227,343+155,5002,976,4556,786,1891.17%+3,809,734
OVID THERAPEUTICS INC01,622,828+1,622,82803,602,6780.62%+3,602,678
DISC MEDICINE INC(IRON)053,538+53,53803,423,2200.59%+3,423,220
UPSTREAM BIO INC0358,000+358,00003,222,0000.55%+3,222,000
PFIZER INC(PFE)86,000186,000+100,0002,141,4005,222,8800.90%+3,081,480
MADRIGAL PHARMACEUTICALS INC(MDGL)3,3009,040+5,7401,921,7224,732,1690.81%+2,810,447
SATELLOS BIOSCIENCE INC0489,207+489,20702,754,2350.47%+2,754,235
PALISADE BIO INC184,1001,733,471+1,549,371432,6353,033,5740.52%+2,600,939
COGENT BIOSCIENCES INC(COGT)378,500416,340+37,84013,444,32016,024,9272.76%+2,580,607
ENLIVEN THERAPEUTICS INC226,765153,265-73,5003,492,1816,007,9881.03%+2,515,807
TANGO THERAPEUTICS INC(TNGX)0343,563+343,56307,187,3381.24%+7,187,338
APELLIS PHARMACEUTICALS INC250,961214,914-36,0476,304,1408,645,9901.49%+2,341,850
GENERATE BIOMEDICINES INC(GENB)0185,000+185,00002,312,5000.40%+2,312,500
ELEDON PHARMACEUTICALS INC2,132,1311,772,131-360,0003,219,5185,458,1630.94%+2,238,645
SOLAREDGE TECHNOLOGIES INC(SEDG)04,000,000+4,000,00006,909,6201.19%+6,909,620
BIOCRYST PHARMACEUTICALS INC(BCRX)837,889866,464+28,5756,535,5348,248,7371.42%+1,713,203
PRELUDE THERAPEUTICS INC122,752558,339+435,587355,9811,909,5190.33%+1,553,538
OLEMA PHARMACEUTICALS INC(OLMA)(Call)0100,000+100,00001,491,000+1,491,000
SANOFI SA(SNY)0269,515+269,515012,985,2332.23%+12,985,233
ORGANOGENESIS HLDGS INC0550,000+550,00001,303,5000.22%+1,303,500
CELLDEX THERAPEUTICS INC NEW(CLDX)239,764243,575+3,8116,511,9907,726,1991.33%+1,214,209
REVOLUTION MEDICINES INC(RVMD)52,50055,110+2,6104,181,6255,359,4480.92%+1,177,823
SHATTUCK LABS INC0280,786+280,78601,805,4540.31%+1,805,454
CURIS INC01,994,937+1,994,93701,091,8290.19%+1,091,829
CYTOMX THERAPEUTICS INC.0220,000+220,00001,034,0000.18%+1,034,000
SOLENO THERAPEUTICS INC0216,281+216,28107,241,0881.25%+7,241,088
SYNDAX PHARMACEUTICALS INC(SNDX)0724,563+724,563016,925,7922.91%+16,925,792
ABBVIE INC(ABBV)25,25630,256+5,0005,770,7436,580,3771.13%+809,634
ISHARES BITCOIN TRUST ETF(IBIT)30,05559,505+29,4501,492,2312,286,1820.39%+793,951
GSK PLC(GSK)122,000122,00005,982,8806,733,1801.16%+750,300
MERCK & CO INC(MRK)48,60048,60005,115,6365,846,0941.01%+730,458
NICE LTD(NICE)05,611+5,6110618,6690.11%+618,669
NOVARTIS AG(NVS)37,00037,00005,101,1905,651,7500.97%+550,560
CORVUS PHARMACEUTICALS INC(CRVS)407,709247,961-159,7483,139,3593,627,6690.62%+488,310
VOYAGER THERAPEUTICS INC0469,761+469,76101,813,2770.31%+1,813,277
VOR BIOPHARMA INC0321,917+321,91705,742,9990.99%+5,742,999
BIOGEN INC(BIIB)94,73892,526-2,21216,672,94116,962,7922.92%+289,851
CONTINEUM THERAPEUTICS INC173,475173,47501,982,8192,265,5840.39%+282,765
AMGEN INC(AMGN)7,5007,50002,454,8252,638,8750.45%+184,050
MEDIWOUND LTD230,347273,192+42,8454,252,2064,401,1230.76%+148,917
WEREWOLF THERAPEUTICS INC0626,810+626,8100521,8820.09%+521,882
BRISTOL-MYERS SQUIBB CO(BMY)17,50017,5000943,9501,061,3750.18%+117,425
FOGHORN THERAPEUTICS INC012,224+12,224058,4310.01%+58,431
SKYE BIOSCIENCE INC0678,928+678,9280417,2690.07%+417,269
ACADIA PHARMACEUTICALS INC212,202256,202+44,0005,667,9155,703,0570.98%+35,142
APPLIED THERAPEUTICS INC50,0000-50,0005,0000-5,000
ISHARES TR(Call)47,00047,00004,096,5204,074,430-22,090
APREA THERAPEUTICS INC270,000270,0000230,310205,9830.04%-24,327
ZIM INTEGRATED SHIPPING SERV0105,950+105,95002,791,7830.48%+2,791,783
MEREO BIOPHARMA GROUP PLC255,4000-255,400106,4250-106,425
TENAX THERAPEUTICS INC0136,015+136,01502,174,8800.37%+2,174,880
ONKURE THERAPEUTICS INC60,4540-60,454175,3170-175,317
FORTE BIOSCIENCES INC185,869184,984-8855,068,6484,791,0860.82%-277,562
JOHNSON & JOHNSON(JNJ)35,83128,831-7,0007,415,2257,047,4501.21%-367,775
STRUCTURE THERAPEUTICS INC050,800+50,80002,448,5600.42%+2,448,560
ASCENDIS PHARMA A/S(ASND)11,0008,000-3,0002,345,6401,829,8400.31%-515,800
KODIAK SCIENCES INC(KOD)175,500114,796-60,7044,906,9804,376,0240.75%-530,956
ALPHA COGNITION INC567,616567,61603,689,5043,116,2120.54%-573,292
ENPHASE ENERGY INC(ENPH)186,500142,419-44,0815,977,3255,384,8620.93%-592,463
TREVI THERAPEUTICS INC(TRVI)0574,029+574,02906,848,1661.18%+6,848,166
AMICUS THERAPEUTIC658,377603,377-55,0009,375,2888,724,8311.50%-650,457
KURA ONCOLOGY INC295,522295,52203,070,4742,402,5940.41%-667,880
PEPGEN INC121,4670-121,467790,7500-790,750
TEVA PHARMACEUTICAL INDS LTD(TEVA)01,136,975+1,136,975034,245,6875.89%+34,245,687
VERASTEM INC0343,678+343,67801,821,4930.31%+1,821,493
BIOMARIN PHARMACEUTICAL INC(BMRN)147,000139,900-7,1008,736,2107,902,9511.36%-833,259
CLIMB BIO INC932,247419,247-513,0003,728,9882,871,8420.49%-857,146
JASPER THERAPEUTICS INC485,4010-485,401888,2840-888,284
PERSPECTIVE THERAPEUTICS INC349,9730-349,973962,4260-962,426
EVOMMUNE INC166,14778,234-87,9132,844,4371,798,6000.31%-1,045,837
TENAYA THERAPEUTICS INC000000
ENTRADA THERAPEUTICS INC110,9420-110,9421,140,4840-1,140,484
DAY ONE BIOPHARMACEUTICALS I145,3710-145,3711,354,8580-1,354,858
ELI LILLY & CO(LLY)9,0409,04009,715,1078,314,7211.43%-1,400,386
ORIC PHARMACEUTICALS INC1,004,378537,628-466,7508,215,8126,811,7471.17%-1,404,065
PRECISION BIOSCIENCES INC396,11640,000-356,1161,647,843220,0000.04%-1,427,843
NOVO-NORDISK A S(NVO)115,677120,677+5,0005,885,6464,434,8800.76%-1,450,766
VENTYX BIOSCIENCES INC000000
BIOAGE LABS INC243,03586,518-156,5173,215,3531,513,2000.26%-1,702,153
VARONIS SYS INC(VRNS)000000
PHARVARIS N V63,9530-63,9531,774,6960-1,774,696
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