Fund HoldingsCormorant Asset Management, LP

Total Portfolio Value
$1.33B
Total Bought
$163.07M
Total Sold
$291.05M
Net Transaction
-$127.98M
Filing Period:
Securities
SharesValue ($K)
Q4 2024
Q1 2025
Change
Q4 2024
Q1 2025
Weight (%)
Change
BRIDGEBIO PHARMA INC(BBIO)1,600,0002,000,000+400,00043,90469,1405.20%+25,236
GH RESEARCH PLC(GHRS)593,0432,009,482+1,416,4394,15122,1651.67%+18,013
ARS PHARMACEUTICALS INC500,0001,600,000+1,100,0005,27520,1281.51%+14,853
METSERA INC0400,000+400,000010,8880.82%+10,888
KORRO BIO INC0380,303+380,30306,6210.50%+6,621
AARDVARK THERAPEUTICS INC0800,189+800,18906,0090.45%+6,009
NEWAMSTERDAM PHARMA COMPANY(Call)
ORDINARY SHARES
0250,000+250,00005,118+5,118
JANUX THERAPEUTICS INC(JANX)(Call)0150,000+150,00004,050+4,050
PLIANT THERAPEUTICS INC03,000,000+3,000,00004,0500.30%+4,050
HELIX ACQUISITION CORP II2,909,0002,909,000030,54532,8722.47%+2,327
AXSOME THERAPEUTICS INC(AXSM)325,000250,000-75,00027,49829,1582.19%+1,659
BRIGHT MINDS BIOSCIENCES INC1,059,3311,059,331038,15738,2102.87%+53
MERUS N V740,000740,000031,11731,1472.34%+30
RAPT THERAPEUTICS INC200,0000-200,0003160-316
ENLIVEN THERAPEUTICS INC250,000250,00005,6254,9200.37%-705
EDGEWISE THERAPEUTICS INC(EWTX)3,406,5344,101,992+695,45890,95490,2446.79%-711
KALA BIO INC603,027603,02704,1853,4550.26%-730
ARTIVA BIOTHERAPEUTICS INC103,6330-103,6331,0450-1,045
STOKE THERAPEUTICS INC(STOK)254,161254,16102,8031,6900.13%-1,113
BIOHAVEN LTD(BHVN)55,53910,000-45,5392,0742400.02%-1,834
VERVE THERAPEUTICS INC350,0000-350,0001,9740-1,974
ABIVAX SA(ABVX)2,130,0002,130,000015,59213,3131.00%-2,279
OMEROS CORP(OMER)300,0000-300,0002,9640-2,964
UROGEN PHARMA LTD(URGN)300,0000-300,0003,1950-3,195
CG ONCOLOGY INC(CGON)775,000775,000022,22718,9801.43%-3,247
CARGO THERAPEUTICS INC1,182,5633,381,277+2,198,71417,05313,7621.03%-3,291
Y-MABS THERAPEUTICS INC425,0000-425,0003,3280-3,328
ALUMIS INC2,147,3962,147,396016,87913,1850.99%-3,694
ARCUTIS BIOTHERAPEUTICS INC(ARQT)1,825,0001,350,000-475,00025,42221,1141.59%-4,308
VYNE THERAPEUTICS INC1,394,3360-1,394,3364,6710-4,671
INSMED INC(INSM)650,000525,000-125,00044,87640,0523.01%-4,824
ENGENE HOLDINGS INC
COM
2,323,5952,323,595015,45210,4100.78%-5,042
PHARVARIS N V
COM
1,466,4601,466,460028,11223,0231.73%-5,089
BIOAGE LABS INC2,629,5292,629,529015,2259,8870.74%-5,338
BIOMEA FUSION INC3,570,8723,570,872013,8557,6060.57%-6,249
TARSUS PHARMACEUTICALS INC(TARS)500,000400,000-100,00027,68520,5481.55%-7,137
IMMUNITYBIO INC(IBRX)3,000,0000-3,000,0007,6800-7,680
MBX BIOSCIENCES INC(MBX)700,000700,000012,9015,1660.39%-7,735
ONKURE THERAPEUTICS INC1,837,7391,837,739015,8057,9020.59%-7,902
CENTESSA PHARMACEUTICALS PLC2,561,6002,261,600-300,00042,90732,5222.45%-10,385
SEPTERNA INC(SEPN)560,0000-560,00012,8240-12,824
RHYTHM PHARMACEUTICALS INC(RYTM)400,000150,000-250,00022,3927,9460.60%-14,446
CORBUS PHARMACEUTICALS HLDGS2,375,0002,375,000028,02512,6110.95%-15,414
ARRIVENT BIOPHARMA INC(AVBP)585,4620-585,46215,5970-15,597
EYEPOINT PHARMACEUTICALS INC(EYPT)8,325,0008,325,000062,02145,1223.39%-16,900
AVIDITY BIOSCIENCES INC1,050,000400,000-650,00030,53411,8080.89%-18,726
RAPPORT THERAPEUTICS INC(RAPP)2,940,9212,940,921052,17229,4972.22%-22,675
NEWAMSTERDAM PHARMA COMPANY
ORDINARY SHARES
3,250,0002,825,000-425,00083,52557,8284.35%-25,697
VAXCYTE INC(PCVX)425,000175,000-250,00034,7916,6080.50%-28,182
ARCELLX INC
COMMON STOCK
1,300,0001,050,000-250,00099,69768,8805.18%-30,817
CRINETICS PHARMACEUTICALS IN(CRNX)1,000,000600,000-400,00051,13020,1241.51%-31,006
JANUX THERAPEUTICS INC(JANX)2,100,0002,000,000-100,000112,43454,0004.06%-58,434
PRAXIS PRECISION MEDICINES I(PRAX)1,693,2191,745,000+51,781130,31066,0834.97%-64,227
MOONLAKE IMMUNOTHERAPEUTICS(MLTX)8,494,1518,494,1510459,958331,86624.95%-128,092
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