Ikarian Capital, LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| TERNS PHARMACEUTICALS INC(Put) | 0 | 1,200,000 | +1,200,000 | 0 | 63,264,000 | — | +63,264,000 |
| INVESCO QQQ TR(Put) | 0 | 100,000 | +100,000 | 0 | 57,718,000 | — | +57,718,000 |
| ISHARES TR(Put) | 0 | 200,000 | +200,000 | 0 | 49,600,000 | — | +49,600,000 |
| CYTOKINETICS INC(CYTK)(Put) | 0 | 550,500 | +550,500 | 0 | 36,283,455 | — | +36,283,455 |
| BRISTOL-MYERS SQUIBB CO(BMY)(Put) | 0 | 500,000 | +500,000 | 0 | 30,325,000 | — | +30,325,000 |
| KODIAK SCIENCES INC(KOD) | 719,787 | 1,265,795 | +546,008 | 20,125,245 | 48,252,106 | 6.90% | +28,126,861 |
| ALUMIS INC | 0 | 1,213,548 | +1,213,548 | 0 | 26,734,462 | 3.82% | +26,734,462 |
| ABIVAX SA(ABVX)(Call) | 125,100 | 293,300 | +168,200 | 16,870,363 | 32,658,955 | — | +15,788,592 |
| NOVO-NORDISK A S(NVO)(Call) | 0 | 400,000 | +400,000 | 0 | 14,700,000 | — | +14,700,000 |
| CELLDEX THERAPEUTICS INC NEW(CLDX) | 0 | 461,247 | +461,247 | 0 | 14,630,755 | 2.09% | +14,630,755 |
| TERNS PHARMACEUTICALS INC | 1,596,378 | 1,456,378 | -140,000 | 64,493,671 | 76,780,248 | 10.98% | +12,286,577 |
| BRIDGEBIO PHARMA INC(BBIO) | 0 | 160,120 | +160,120 | 0 | 11,890,511 | 1.70% | +11,890,511 |
| ORUKA THERAPEUTICS INC(ORKA) | 0 | 242,021 | +242,021 | 0 | 11,871,130 | 1.70% | +11,871,130 |
| ANI PHARMACEUTICALS INC(ANIP) | 0 | 147,085 | +147,085 | 0 | 11,310,837 | 1.62% | +11,310,837 |
| CAPRICOR THERAPEUTICS INC(CAPR)(Call) | 0 | 350,000 | +350,000 | 0 | 10,640,000 | — | +10,640,000 |
| HARROW INC(HROW) | 183,347 | 543,047 | +359,700 | 8,984,003 | 19,147,837 | 2.74% | +10,163,834 |
| ULTRAGENYX PHARMACEUTICAL IN(RARE) | 12,671 | 482,571 | +469,900 | 291,433 | 10,109,863 | 1.45% | +9,818,430 |
| REVOLUTION MEDICINES INC(RVMD)(Put) | 0 | 95,000 | +95,000 | 0 | 9,238,750 | — | +9,238,750 |
| CYTOKINETICS INC(CYTK)(Call) | 290,900 | 408,400 | +117,500 | 18,483,786 | 26,917,644 | — | +8,433,858 |
| SOLENO THERAPEUTICS INC | 68,823 | 344,123 | +275,300 | 3,186,505 | 11,521,238 | 1.65% | +8,334,733 |
| PALVELLA THERAPEUTICS INC NE(PVLA) | 0 | 64,626 | +64,626 | 0 | 8,055,631 | 1.15% | +8,055,631 |
| VERA THERAPEUTICS INC(VERA) | 0 | 200,000 | +200,000 | 0 | 8,045,999 | 1.15% | +8,045,999 |
| CYTOKINETICS INC(CYTK) | 172,672 | 283,572 | +110,900 | 10,971,579 | 18,690,231 | 2.67% | +7,718,652 |
| VAXCYTE INC(PCVX) | 378,682 | 428,682 | +50,000 | 17,472,389 | 24,910,711 | 3.56% | +7,438,322 |
| CONTINEUM THERAPEUTICS INC | 282,874 | 807,874 | +525,000 | 3,233,250 | 10,550,835 | 1.51% | +7,317,585 |
| OCUGEN INC | 0 | 3,962,972 | +3,962,972 | 0 | 7,172,979 | 1.03% | +7,172,979 |
| OVID THERAPEUTICS INC | 247,558 | 2,894,704 | +2,647,146 | 403,520 | 6,426,242 | 0.92% | +6,022,722 |
| ALUMIS INC(Call) | 0 | 264,600 | +264,600 | 0 | 5,829,138 | — | +5,829,138 |
| INVENTIVA SA(IVA) | 502,601 | 1,429,101 | +926,500 | 2,328,852 | 7,842,781 | 1.12% | +5,513,929 |
| KARYOPHARM THERAPEUTICS INC(Call) | 0 | 920,000 | +920,000 | 0 | 5,124,400 | — | +5,124,400 |
| KARYOPHARM THERAPEUTICS INC(Put) | 0 | 920,000 | +920,000 | 0 | 5,124,400 | — | +5,124,400 |
| ANI PHARMACEUTICALS INC(ANIP)(Call) | 82,800 | 150,000 | +67,200 | 6,536,232 | 11,535,000 | — | +4,998,768 |
| AVALO THERAPEUTICS INC(AVTX)(Call) | 58,100 | 401,500 | +343,400 | 1,055,096 | 5,994,395 | — | +4,939,299 |
| TECTONIC THERAPEUTIC INC | 0 | 157,537 | +157,537 | 0 | 4,869,469 | 0.70% | +4,869,469 |
| REVOLUTION MEDICINES INC(RVMD) | 138,142 | 163,142 | +25,000 | 11,003,011 | 15,865,561 | 2.27% | +4,862,550 |
| EYEPOINT INC(EYPT)(Call) | 0 | 370,400 | +370,400 | 0 | 4,774,456 | — | +4,774,456 |
| EYEPOINT INC(EYPT)(Put) | 0 | 370,400 | +370,400 | 0 | 4,774,456 | — | +4,774,456 |
| TENAX THERAPEUTICS INC | 967,600 | 1,017,600 | +50,000 | 11,795,044 | 16,271,424 | 2.33% | +4,476,380 |
| BRIDGEBIO PHARMA INC(BBIO)(Call) | 0 | 58,500 | +58,500 | 0 | 4,344,210 | — | +4,344,210 |
| KYMERA THERAPEUTICS INC(KYMR)(Put) | 0 | 50,400 | +50,400 | 0 | 4,197,816 | — | +4,197,816 |
| EUPRAXIA PHARMACEUTICALS INC | 610,000 | 1,214,741 | +604,741 | 4,605,500 | 8,794,726 | 1.26% | +4,189,226 |
| RELMADA THERAPEUTICS INC | 3,068,359 | 2,688,359 | -380,000 | 14,820,175 | 18,710,978 | 2.68% | +3,890,803 |
| KODIAK SCIENCES INC(KOD)(Call) | 0 | 100,000 | +100,000 | 0 | 3,812,000 | — | +3,812,000 |
| CARDIOL THERAPEUTICS INC | 0 | 2,725,000 | +2,725,000 | 0 | 3,678,750 | 0.53% | +3,678,750 |
| CELLDEX THERAPEUTICS INC NEW(CLDX)(Put) | 0 | 114,000 | +114,000 | 0 | 3,616,080 | — | +3,616,080 |
| ARROWHEAD PHARMACEUTICALS IN(ARWR)(Put) | 0 | 57,500 | +57,500 | 0 | 3,605,250 | — | +3,605,250 |
| SURROZEN INC | 65,788 | 173,107 | +107,319 | 1,486,809 | 5,042,607 | 0.72% | +3,555,798 |
| UNIQURE NV(QURE)(Call) | 105,400 | 355,000 | +249,600 | 2,522,222 | 5,804,250 | — | +3,282,028 |
| ENLIVEN THERAPEUTICS INC(Put) | 0 | 83,700 | +83,700 | 0 | 3,281,040 | — | +3,281,040 |
| OLEMA PHARMACEUTICALS INC(OLMA)(Call) | 200,000 | 549,800 | +349,800 | 5,000,000 | 8,197,518 | — | +3,197,518 |
| ZURA BIO LTD | 802,322 | 1,193,492 | +391,170 | 4,204,167 | 7,101,278 | 1.02% | +2,897,111 |
| VERA THERAPEUTICS INC(VERA)(Call) | 0 | 71,700 | +71,700 | 0 | 2,884,491 | — | +2,884,491 |
| JADE BIOSCIENCES INC | 300,000 | 512,349 | +212,349 | 4,629,001 | 7,198,503 | 1.03% | +2,569,502 |
| LIPOCINE INC NEW | 199,542 | 508,556 | +309,014 | 1,602,322 | 4,063,362 | 0.58% | +2,461,040 |
| ALTO NEUROSCIENCE INC(ANRO) | 515,000 | 515,000 | 0 | 9,167,001 | 11,577,200 | 1.66% | +2,410,199 |
| AVALO THERAPEUTICS INC(AVTX)(Put) | 0 | 158,500 | +158,500 | 0 | 2,366,405 | — | +2,366,405 |
| REPLIMUNE GROUP INC(REPL)(Put) | 0 | 300,000 | +300,000 | 0 | 2,295,000 | — | +2,295,000 |
| DAMORA THERAPEUTICS INC(DMRA) | 285,710 | 335,710 | +50,000 | 6,574,187 | 8,694,889 | 1.24% | +2,120,702 |
| ANNEXON INC(ANNX) | 230,244 | 580,244 | +350,000 | 1,155,826 | 3,214,551 | 0.46% | +2,058,725 |
| ANTERIS TECHNOLOGIES GLOBAL | 0 | 366,571 | +366,571 | 0 | 2,034,469 | 0.29% | +2,034,469 |
| ACUMEN PHARMACEUTICALS INC | 254,312 | 1,053,797 | +799,485 | 536,599 | 2,486,960 | 0.36% | +1,950,361 |
| TENAX THERAPEUTICS INC(Call) | 0 | 114,300 | +114,300 | 0 | 1,827,657 | — | +1,827,657 |
| ALECTOR INC | 2,082,606 | 2,082,606 | 0 | 3,248,866 | 4,477,603 | 0.64% | +1,228,737 |
| DEFINIUM THERAPEUTICS INC(DFTX) | 0 | 58,803 | +58,803 | 0 | 1,111,377 | 0.16% | +1,111,377 |
| BIOHAVEN LTD(BHVN) | 212,481 | 412,481 | +200,000 | 2,398,910 | 3,489,589 | 0.50% | +1,090,679 |
| SOLID BIOSCIENCES INC | 160,409 | 264,409 | +104,000 | 904,707 | 1,903,744 | 0.27% | +999,037 |
| COMPASS PATHWAYS PLC(CMPS) | 400,000 | 675,000 | +275,000 | 2,760,000 | 3,732,750 | 0.53% | +972,750 |
| IONIS PHARMACEUTICALS INC(IONS)(Call) | 94,600 | 112,100 | +17,500 | 7,483,806 | 8,417,589 | — | +933,783 |
| DIREXION SHARES ETF TRUST DAI BIO BEA ETF | 40,822 | 105,822 | +65,000 | 859,712 | 1,724,899 | 0.25% | +865,187 |
| CENTESSA PHARMACEUTICALS PLC | 0 | 18,113 | +18,113 | 0 | 719,448 | 0.10% | +719,448 |
| PROMIS NEUROSCIENCES INC | 0 | 55,000 | +55,000 | 0 | 698,500 | 0.10% | +698,500 |
| ACADIA PHARMACEUTICALS INC | 0 | 28,099 | +28,099 | 0 | 625,484 | 0.09% | +625,484 |
| PASSAGE BIO INC | 0 | 68,124 | +68,124 | 0 | 534,773 | 0.08% | +534,773 |
| TRAWS PHARMA INC | 678,142 | 678,142 | 0 | 766,299 | 1,241,000 | 0.18% | +474,701 |
| CABALETTA BIO INC | 900,000 | 900,000 | 0 | 1,971,000 | 2,421,000 | 0.35% | +450,000 |
| MAZE THERAPEUTICS INC(MAZE)(Put) | 0 | 14,400 | +14,400 | 0 | 429,840 | — | +429,840 |
| IMMUNIC INC | 674,662 | 674,662 | 0 | 360,067 | 748,876 | 0.11% | +388,809 |
| PHARVARIS N V COM | 486,856 | 486,856 | 0 | 13,510,255 | 13,753,683 | 1.97% | +243,428 |
| ADLAI NORTYE LTD | 0 | 33,899 | +33,899 | 0 | 234,581 | 0.03% | +234,581 |
| NEUMORA THERAPEUTICS INC. | 1,278,408 | 1,278,408 | 0 | 2,288,351 | 2,492,896 | 0.36% | +204,545 |
| KALVISTA PHARMACEUTICALS INC | 35,119 | 35,119 | 0 | 567,173 | 706,946 | 0.10% | +139,773 |
| EQUILLIUM INC | 303,555 | 303,555 | 0 | 470,510 | 607,110 | 0.09% | +136,600 |
| KEZAR LIFE SCIENCES INC COM NEW | 102,211 | 102,211 | 0 | 642,907 | 758,405 | 0.11% | +115,498 |
| DBV TECHNOLOGIES S A | 525,000 | 525,000 | 0 | 2,084,239 | 2,198,776 | 0.31% | +114,537 |
| MACROGENICS INC | 74,893 | 74,893 | 0 | 120,578 | 216,441 | 0.03% | +95,863 |
| KARYOPHARM THERAPEUTICS INC | 544,554 | 733,435 | +188,881 | 4,007,918 | 4,085,233 | 0.58% | +77,315 |
| LEXICON PHARMACEUTICALS INC(LXRX) | 164,674 | 164,674 | 0 | 189,376 | 256,892 | 0.04% | +67,516 |
| NEURONETICS INC | 701,182 | 701,182 | 0 | 967,631 | 1,016,714 | 0.15% | +49,083 |
| HYPERLIQUID STRATEGIES INC(PURR) | 30,001 | 30,001 | 0 | 106,804 | 152,705 | 0.02% | +45,901 |
| BIOMX INC | 19,473 | 19,473 | 0 | 36,414 | 73,102 | 0.01% | +36,688 |
| AIRSCULPT TECHNOLOGIES INC | 16,398 | 16,398 | 0 | 32,468 | 46,405 | 0.01% | +13,937 |
| REZOLUTE INC | 16,479 | 16,479 | 0 | 38,891 | 50,261 | 0.01% | +11,370 |
| VERU INC | 133,517 | 133,517 | 0 | 285,726 | 295,073 | 0.04% | +9,347 |
| NEUPHORIA THERAPEUTICS INC | 47,443 | 47,443 | 0 | 184,079 | 193,093 | 0.03% | +9,014 |
| VYNE THERAPEUTICS INC | 264,912 | 264,912 | 0 | 153,675 | 158,284 | 0.02% | +4,609 |
| SILENCE THERAPEUTICS PLC | 865,784 | 865,784 | 0 | 1,731,568 | 1,731,568 | 0.25% | 0 |
| PMV PHARMACEUTICALS INC | 89,136 | 89,136 | 0 | 111,421 | 110,529 | 0.02% | -892 |
| THERIVA BIOLOGICS INC | 112,076 | 112,076 | 0 | 23,580 | 21,944 | 0.00% | -1,636 |
| AUTONOMIX MED INC | 18,688 | 18,688 | 0 | 10,278 | 7,290 | 0.00% | -2,988 |
| VOYAGER THERAPEUTICS INC | 53,063 | 53,063 | 0 | 208,538 | 204,823 | 0.03% | -3,715 |