Fund Holdings

Affinity Asset Advisors, LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
STATE STR SPDR S&P 500 ETF T(SPY)(Put)0200,000+200,0000130,068,000+130,068,000
ERASCA INC(ERAS)3,900,0005,350,000+1,450,00014,508,00086,563,0005.08%+72,055,000
XENON PHARMACEUTICALS INC(XENE)1,250,0001,675,000+425,00056,025,00097,401,2505.71%+41,376,250
ROIVANT SCIENCES LTD(ROIV)1,700,0002,800,000+1,100,00036,890,00077,560,0004.55%+40,670,000
MODERNA INC(MRNA)(Call)0800,000+800,000040,640,000+40,640,000
CENTESSA PHARMACEUTICALS PLC600,5521,400,000+799,44815,019,80655,608,0003.26%+40,588,194
ANAPTYSBIO INC444,692940,000+495,30821,558,66852,132,4003.06%+30,573,732
DIANTHUS THERAPEUTICS INC(DNTH)115,000350,000+235,0004,739,15029,372,0001.72%+24,632,850
ENLIVEN THERAPEUTICS INC0586,904+586,904023,006,6371.35%+23,006,637
ALKERMES PLC(ALKS)1,000,0001,350,000+350,00027,980,00047,736,0002.80%+19,756,000
BRISTOL-MYERS SQUIBB CO(BMY)(Call)0300,000+300,000018,195,000+18,195,000
SUTRO BIOPHARMA INC748,3821,069,519+321,1378,658,78026,641,7181.56%+17,982,938
SPYRE THERAPEUTICS INC(SYRE)1,432,5911,279,134-153,45746,931,68164,519,5193.78%+17,587,838
COGENT BIOSCIENCES INC(COGT)350,000750,000+400,00012,432,00028,867,5001.69%+16,435,500
ASCENDIS PHARMA A/S(ASND)30,00095,000+65,0006,397,20021,729,3501.27%+15,332,150
APOGEE THERAPEUTICS INC(APGE)1,234,9261,284,926+50,00093,212,214108,152,2216.34%+14,940,007
HELIX ACQUISITION CORP III01,250,000+1,250,000012,700,0000.74%+12,700,000
PERSPECTIVE THERAPEUTICS INC300,0003,164,582+2,864,582825,00013,196,3070.77%+12,371,307
OVID THERAPEUTICS INC7,150,00010,636,318+3,486,31811,654,50023,612,6261.38%+11,958,126
DAMORA THERAPEUTICS INC(DMRA)0450,000+450,000011,655,0000.68%+11,655,000
ALTO NEUROSCIENCE INC(ANRO)0500,000+500,000011,240,0000.66%+11,240,000
MADRIGAL PHARMACEUTICALS INC(MDGL)31,13155,000+23,86918,128,82728,790,8501.69%+10,662,023
TYRA BIOSCIENCES INC(TYRA)0257,512+257,51209,862,7100.58%+9,862,710
REVOLUTION MEDICINES INC(RVMD)(Put)0100,000+100,00009,725,000+9,725,000
IMMUNITYBIO INC(IBRX)(Put)01,250,000+1,250,00009,587,500+9,587,500
EUPRAXIA PHARMACEUTICALS INC300,0001,589,005+1,289,0052,265,00011,504,3960.67%+9,239,396
KORRO BIO INC0706,904+706,90408,002,1530.47%+8,002,153
ARROWHEAD PHARMACEUTICALS IN(ARWR)70,000200,000+130,0004,647,30012,540,0000.74%+7,892,700
ARCELLX INC
COMMON STOCK
523,725362,764-160,96134,146,87041,652,5622.44%+7,505,692
TERNS PHARMACEUTICALS INC550,000562,631+12,63122,220,00029,661,9061.74%+7,441,906
COGENT BIOSCIENCES INC(COGT)0001,175,8008,585,5000.50%+7,409,700
BELITE BIO INC(BLTE)20,00065,000+45,0003,199,20010,363,6000.61%+7,164,400
CRISPR THERAPEUTICS AG(CRSP)0150,000+150,00007,135,5000.42%+7,135,500
SPYGLASS PHARMA INC0250,000+250,00006,477,5000.38%+6,477,500
NOVO-NORDISK A S(NVO)(Call)0175,000+175,00006,431,250+6,431,250
CELLDEX THERAPEUTICS INC NEW(CLDX)350,000500,000+150,0009,506,00015,860,0000.93%+6,354,000
ZURA BIO LTD1,813,6712,564,303+750,6329,503,63615,257,6030.89%+5,753,967
COMPASS PATHWAYS PLC(CMPS)200,0001,108,483+908,4831,380,0006,129,9110.36%+4,749,911
VERADERMICS INC(MANE)070,000+70,00004,420,5000.26%+4,420,500
GENERATE BIOMEDICINES INC(GENB)0350,000+350,00004,375,0000.26%+4,375,000
DIANTHUS THERAPEUTICS INC(DNTH)(Call)050,000+50,00004,196,000+4,196,000
CG ONCOLOGY INC(CGON)(Call)060,000+60,00004,060,800+4,060,800
RELAY THERAPEUTICS INC(RLAY)0400,000+400,00003,980,0000.23%+3,980,000
CELCUITY INC(CELC)(Call)030,000+30,00003,424,200+3,424,200
PRECISION BIOSCIENCES INC0597,946+597,94603,288,7030.19%+3,288,703
PROTAGONIST THERAPEUTICS INC172,125172,125015,033,39818,141,9751.06%+3,108,577
SOL-GEL TECHNOLOGIES LTD
SHS NEW
035,000+35,00002,772,7000.16%+2,772,700
ANTERIS TECHNOLOGIES GLOBAL486,684912,397+425,7132,428,5535,063,8030.30%+2,635,250
EQUILLIUM INC01,226,310+1,226,31002,452,6200.14%+2,452,620
SAB BIOTHERAPEUTICS INC0575,000+575,00002,202,2500.13%+2,202,250
CORCEPT THERAPEUTICS INC(CORT)050,000+50,00002,015,5000.12%+2,015,500
IBIO INC2,057,2003,107,200+1,050,0003,970,3965,903,6800.35%+1,933,284
REVOLUTION MEDICINES INC(RVMD)100,000100,00007,965,0009,725,0000.57%+1,760,000
ADLAI NORTYE LTD0164,748+164,74801,140,0560.07%+1,140,056
ALECTOR INC0500,000+500,00001,075,0000.06%+1,075,000
ARRIVENT BIOPHARMA INC(AVBP)150,000175,000+25,0003,018,0004,037,2500.24%+1,019,250
ONKURE THERAPEUTICS INC0240,963+240,9630997,5870.06%+997,587
AVALO THERAPEUTICS INC(AVTX)1,051,0541,340,840+289,78619,087,14120,018,7411.17%+931,600
LENZ THERAPEUTICS INC0100,000+100,0000915,0000.05%+915,000
CELCUITY INC(CELC)0006,515,7007,314,0000.43%+798,300
MACROGENICS INC484,308500,000+15,692779,7361,445,0000.08%+665,264
KEZAR LIFE SCIENCES INC
COM NEW
229,076229,07601,440,8881,699,7440.10%+258,856
PRAXIS PRECISION MEDICINES I(PRAX)185,000170,000-15,00054,526,90054,772,3003.21%+245,400
ORUKA THERAPEUTICS INC(ORKA)802,342499,673-302,66924,318,98624,508,9611.44%+189,975
INSMED INC(INSM)450,000480,000+30,00078,318,00078,489,6004.60%+171,600
Q32 BIO INC27,77727,777092,220178,3280.01%+86,108
X4 PHARMACEUTICALS INC145,000145,0000580,000598,8500.04%+18,850
OAKTREE ACQUISITION CORP III
UNIT 10/04/2029
250,000250,00002,652,5002,662,5000.16%+10,000
ADAGIO MED HLDGS INC80,00080,000083,20092,0000.01%+8,800
ROCKET PHARMACEUTICALS INC75,00075,00001,8231,1780.00%-645
CLIMB BIO INC1,300,000700,000-600,0005,200,0004,795,0000.28%-405,000
FORTE BIOSCIENCES INC(FBRX)(Call)22,4000-22,400610,8480-610,848
PERCEPTIVE CAP SOLUTIONS COR
CL A ORD SHS
50,0000-50,000651,5000-651,500
ORCHESTRA BIOMED HLDGS INC572,804402,550-170,2542,377,1371,710,8380.10%-666,299
NEWAMSTERDAM PHARMA COMPANY
*W EXP 99/99/999
245,000245,00005,635,0004,909,8000.29%-725,200
CRINETICS PHARMACEUTICALS IN(CRNX)75,00075,00003,491,2502,724,0000.16%-767,250
FORTE BIOSCIENCES INC(FBRX)989,4901,011,890+22,40026,983,39226,207,9511.54%-775,441
REZOLUTE INC2,351,1441,547,641-803,5035,548,7004,720,3050.28%-828,395
NEWAMSTERDAM PHARMA COMPANY
ORDINARY SHARES
275,000275,00009,647,0008,802,7500.52%-844,250
NEXTCURE INC247,294241,826-5,4683,509,1022,582,7020.15%-926,400
PROQR THRAPEUTICS N V
SHS EURO
2,454,2782,454,27804,957,6423,975,9300.23%-981,712
UNIQURE NV(QURE)50,0000-50,0001,196,5000-1,196,500
TEVA PHARMACEUTICAL INDS LTD(TEVA)1,400,0001,400,000043,694,00042,168,0002.47%-1,526,000
LENZ THERAPEUTICS INC(Put)100,0000-100,0001,600,0000-1,600,000
ENGENE HOLDINGS INC
COM
643,370610,370-33,0005,809,6314,156,6200.24%-1,653,011
NUVALENT INC(NUVL)322,633300,000-22,63332,453,65330,735,0001.80%-1,718,653
ULTRAGENYX PHARMACEUTICAL IN(RARE)75,0000-75,0001,725,0000-1,725,000
GERON CORP(GERN)1,500,0000-1,500,0001,980,0000-1,980,000
JADE BIOSCIENCES INC714,956639,956-75,00011,031,7718,991,3820.53%-2,040,389
VERRICA PHARMACEUTICALS INC707,338707,33805,877,9793,741,8180.22%-2,136,161
SAGIMET BIOSCIENCES INC1,148,245868,020-280,2256,797,6104,535,4050.27%-2,262,205
ARBUTUS BIOPHARMA CORP(ABUS)(Call)521,9000-521,9002,510,3390-2,510,339
TRAVERE THERAPEUTICS INC(TVTX)300,000300,000011,463,0008,913,0000.52%-2,550,000
IMMUNOVANT INC(IMVT)200,000100,000-100,0005,084,0002,484,0000.15%-2,600,000
VERA THERAPEUTICS INC(VERA)250,000250,000012,660,00010,057,5000.59%-2,602,500
LEXEO THERAPEUTICS INC3,200,0005,050,211+1,850,21131,776,00028,988,2111.70%-2,787,789
VIRIDIAN THERAPEUTICS INC(VRDN)250,000250,00007,780,0004,890,0000.29%-2,890,000
MERSANA THERAPEUTICS INC100,0000-100,0002,893,0000-2,893,000
TREVI THERAPEUTICS INC(TRVI)2,150,1722,000,172-150,00026,920,15323,862,0521.40%-3,058,101
SAVARA INC(SVRA)2,797,1532,512,153-285,00016,866,83313,716,3550.80%-3,150,478
Page 1 of 2