Fund HoldingsIkarian Capital, LLC

Total Portfolio Value
$520.63M
Total Bought
$275.90M
Total Sold
$574.15M
Net Transaction
-$298.25M
Filing Period:
Securities
SharesValue ($K)
Q1 2025
Q2 2025
Change
Q1 2025
Q2 2025
Weight (%)
Change
CIDARA THERAPEUTICS INC(Put)0501,600+501,600024,433+24,433
CIDARA THERAPEUTICS INC248,940464,488+215,5485,36222,6254.35%+17,263
ULTRAGENYX PHARMACEUTICAL IN(RARE)(Call)113,100563,100+450,0004,09520,474+16,379
CIDARA THERAPEUTICS INC(Call)0321,000+321,000015,636+15,636
CAPRICOR THERAPEUTICS INC(Put)01,360,200+1,360,200013,507+13,507
UNIQURE NV(QURE)(Call)0800,000+800,000011,152+11,152
PRAXIS PRECISION MEDICINES I(PRAX)(Call)0242,400+242,400010,193+10,193
APOGEE THERAPEUTICS INC(APGE)0232,047+232,047010,0781.94%+10,078
INSMED INC(INSM)0163,751+163,751016,4803.17%+16,480
ALNYLAM PHARMACEUTICALS INC(ALNY)31,59456,594+25,0008,53118,4553.54%+9,924
SOLENO THERAPEUTICS INC(Put)100,000200,000+100,0007,14516,756+9,611
COGENT BIOSCIENCES INC(COGT)01,035,528+1,035,52807,4351.43%+7,435
ULTRAGENYX PHARMACEUTICAL IN(RARE)(Put)100,000300,000+200,0003,62110,908+7,287
PRAXIS PRECISION MEDICINES I(PRAX)145,502276,950+131,4485,51011,6462.24%+6,136
SAREPTA THERAPEUTICS INC(SRPT)(Call)0332,100+332,10005,679+5,679
VIKING THERAPEUTICS INC(VKTX)(Call)150,000350,000+200,0003,6239,275+5,653
VERONA PHARMA PLC130,000146,831+16,8318,25413,8872.67%+5,634
MOONLAKE IMMUNOTHERAPEUTICS(MLTX)(Put)94,500194,500+100,0003,6929,180+5,488
CYTOKINETICS INC(CYTK)(Call)0150,000+150,00004,956+4,956
ARVINAS INC229,900850,000+620,1001,6146,2561.20%+4,642
KALVISTA PHARMACEUTICALS INC(Call)0400,000+400,00004,522+4,522
JAZZ PHARMACEUTICALS PLC(JAZZ)040,000+40,00004,2450.82%+4,245
BIOHAVEN LTD(BHVN)(Call)0300,000+300,00004,233+4,233
CG ONCOLOGY INC(CGON)0155,000+155,00004,0300.77%+4,030
NEWAMSTERDAM PHARMA COMPANY
ORDINARY SHARES
0206,800+206,80003,7450.72%+3,745
FULCRUM THERAPEUTICS INC(Call)0534,000+534,00003,674+3,674
VERA THERAPEUTICS INC(VERA)(Call)0153,200+153,20003,609+3,609
ALPHA COGNITION INC967,867917,867-50,0005,1108,5641.64%+3,453
ALTIMMUNE INC(Call)0827,500+827,50003,202+3,202
CAPRICOR THERAPEUTICS INC(Call)0700,000+700,00006,951+6,951
DELCATH SYS INC100,365322,390+222,0251,2784,3850.84%+3,107
BIOGEN INC(BIIB)021,516+21,51602,7020.52%+2,702
CENTESSA PHARMACEUTICALS PLC(Call)0200,000+200,00002,628+2,628
FULCRUM THERAPEUTICS INC0428,521+428,52102,9480.57%+2,948
AKERO THERAPEUTICS INC(Call)044,400+44,40002,369+2,369
VAXCYTE INC(PCVX)200,000305,000+105,0007,5529,9161.90%+2,364
KALVISTA PHARMACEUTICALS INC0198,528+198,52802,2440.43%+2,244
GERON CORP(GERN)150,0001,600,000+1,450,0002392,2560.43%+2,018
COGENT BIOSCIENCES INC(COGT)(Call)0262,600+262,60001,885+1,885
AKERO THERAPEUTICS INC245,000220,000-25,0009,91811,7392.25%+1,822
PROQR THRAPEUTICS N V
SHS EURO
0868,069+868,06901,7710.34%+1,771
CYTOKINETICS INC(CYTK)0233,464+233,46407,7141.48%+7,714
UNIQURE NV(QURE)0119,986+119,98601,6730.32%+1,673
VIKING THERAPEUTICS INC(VKTX)50,000100,000+50,0001,2082,6500.51%+1,443
FORTE BIOSCIENCES INC(FBRX)0476,443+476,44306,1601.18%+6,160
SILENCE THERAPEUTICS PLC0873,568+873,56801,3980.27%+1,398
WAVE LIFE SCIENCES LTD(WVE)0161,137+161,13701,0470.20%+1,047
APOGEE THERAPEUTICS INC(APGE)(Put)70,70079,100+8,4002,6413,435+794
MOONLAKE IMMUNOTHERAPEUTICS(MLTX)(Call)94,50094,50003,6924,460+768
ISHARES TR05,755+5,75507280.14%+728
VENTYX BIOSCIENCES INC0967,590+967,59002,0710.40%+2,071
RELAY THERAPEUTICS INC(RLAY)0743,308+743,30802,5720.49%+2,572
INFLARX NV0705,010+705,01005570.11%+557
VYNE THERAPEUTICS INC0290,000+290,00004790.09%+479
IBIO INC0599,913+599,91304580.09%+458
ARCTURUS THERAPEUTICS HLDGS0175,000+175,00002,2770.44%+2,277
KODIAK SCIENCES INC(KOD)0599,534+599,53402,2360.43%+2,236
LYELL IMMUNOPHARMA INC043,799+43,79903870.07%+387
NYXOAH S A
SHS
050,627+50,62703790.07%+379
APOGEE THERAPEUTICS INC(APGE)(Call)08,400+8,4000365+365
ANAPTYSBIO INC015,662+15,66203480.07%+348
VERA THERAPEUTICS INC(VERA)014,096+14,09603320.06%+332
SCHOLAR ROCK HLDG CORP(SRRK)(Call)0100,000+100,00003,542+3,542
ZYMEWORKS INC(ZYME)025,000+25,00003140.06%+314
LEXEO THERAPEUTICS INC0550,029+550,02902,2110.42%+2,211
TEVA PHARMACEUTICAL INDS LTD(TEVA)(Call)200,000200,00003,0743,352+278
IMMATICS N.V(IMTX)049,396+49,39602660.05%+266
VAXCYTE INC(PCVX)(Call)06,900+6,9000224+224
SENSEI BIOTHERAPEUTICS INC022,497+22,49701930.04%+193
LYRA THERAPEUTICS INC021,161+21,16101900.04%+190
AETHLON MED INC0153,659+153,65901840.04%+184
VERU INC1,425,2391,425,23906998290.16%+131
NUVATION BIO INC(NUVB)619,258619,25801,0901,2080.23%+118
ALECTOR INC0900,000+900,00001,2600.24%+1,260
AIRSCULPT TECHNOLOGIES INC017,951+17,9510870.02%+87
TOURMALINE BIO INC067,927+67,92701,0860.21%+1,086
SAGIMET BIOSCIENCES INC11,98411,984039910.02%+52
EVAXION AS80,00080,00001481960.04%+48
ARCUS BIOSCIENCES INC(RCUS)0163,363+163,36301,3300.26%+1,330
MIND MEDICINE MINDMED INC62,69162,69103674070.08%+40
JASPER THERAPEUTICS INC025,107+25,10701390.03%+139
ANEBULO PHARMACEUTICALS INC157,720157,72002052270.04%+22
ACUMEN PHARMACEUTICALS INC0265,769+265,76903080.06%+308
KARYOPHARM THERAPEUTICS INC27,25727,25701021170.02%+16
CHEMOMAB THERAPEUTICS LTD0213,052+213,05202470.05%+247
RELMADA THERAPEUTICS INC40,27040,270011240.00%+13
INHIBRX BIOSCIENCES INC(INBX)42,12242,12205896010.12%+12
HOOKIPA PHARMA INC52,99652,996057670.01%+9
SYNLOGIC INC20,42220,422025260.00%+1
AUTONOMIX MED INC20,00020,000035310.01%-4
ALPHA TEKNOVA INC14,00814,008073690.01%-4
MACROGENICS INC080,071+80,0710970.02%+97
NEUMORA THERAPEUTICS INC.15,45712,498-2,9591590.00%-6
VOYAGER THERAPEUTICS INC055,766+55,76601730.03%+173
TRAWS PHARMA INC028,493+28,4930420.01%+42
KEZAR LIFE SCIENCES INC
COM NEW
0106,901+106,90104900.09%+490
PEPGEN INC150,000150,00002111670.03%-44
CARTESIAN THERAPEUTICS INC022,166+22,16602300.04%+230
THERIVA BIOLOGICS INC120,031120,0310132520.01%-80
BIOMX INC0892,976+892,97604020.08%+402
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