Fund HoldingsIkarian Capital, LLC

Total Portfolio Value
$928.17M
Total Bought
$419.34M
Total Sold
$716.69M
Net Transaction
-$297.35M
Filing Period:
Securities
SharesValue ($K)
Q1 2026
Q2 2026
Change
Q1 2026
Q2 2026
Weight (%)
Change
SPDR SERIES TRUST(Put)
ST STR SP BIOT
0300,000+300,000047,475+47,475
ABIVAX SA(ABVX)0328,635+328,635043,3534.67%+43,353
ABIVAX SA(ABVX)(Put)0250,000+250,000033,315+33,315
MODERNA INC(MRNA)(Put)0400,000+400,000028,012+28,012
IONIS PHARMACEUTICALS INC(IONS)(Put)0300,000+300,000023,787+23,787
IONIS PHARMACEUTICALS INC(IONS)(Call)112,100400,000+287,9008,41831,716+23,298
ARCUS BIOSCIENCES INC(RCUS)0504,559+504,559015,5561.68%+15,556
COGENT BIOSCIENCES INC(COGT)0370,084+370,084014,3221.54%+14,322
NEWAMSTERDAM PHARMA COMPANY(Put)
PUT
0400,000+400,000013,556+13,556
ABIVAX SA(ABVX)(Call)293,300341,100+47,80032,65945,455+12,796
C4 THERAPEUTICS INC02,433,000+2,433,000011,3621.22%+11,362
ANI PHARMACEUTICALS INC(ANIP)147,085272,085+125,00011,31122,5232.43%+11,212
VIRIDIAN THERAPEUTICS INC(VRDN)0425,000+425,00007,8070.84%+7,807
BIOHAVEN LTD(BHVN)412,481748,181+335,7003,49011,1331.20%+7,643
PRAXIS PRECISION MEDICINES I(PRAX)(Call)020,000+20,00006,696+6,696
HIMS & HERS HEALTH INC(HIMS)0188,381+188,38106,5310.70%+6,531
ENLIVEN THERAPEUTICS INC0126,541+126,54106,4220.69%+6,422
KAZIA THERAPEUTICS LTD0396,201+396,20105,5790.60%+5,579
Q32 BIO INC0430,000+430,00005,4780.59%+5,478
VERA THERAPEUTICS INC(VERA)200,000310,000+110,0008,04613,3021.43%+5,256
SELLAS LIFE SCIENCES GROUP I(SLS)(Put)0354,700+354,70005,235+5,235
BIOAGE LABS INC0200,000+200,00004,9020.53%+4,902
REZOLUTE INC16,479935,012+918,533504,8620.52%+4,812
SIONNA THERAPEUTICS INC(Put)0107,500+107,50004,729+4,729
KODIAK SCIENCES INC(KOD)(Call)100,000217,700+117,7003,8128,482+4,670
ARROWHEAD PHARMACEUTICALS IN(ARWR)(Put)57,500100,000+42,5003,6058,151+4,546
MONOPAR THERAPEUTICS INC047,861+47,86104,4310.48%+4,431
ALUMIS INC(Call)264,600356,300+91,7005,82910,026+4,197
ABSCI CORPORATION0353,772+353,77204,1000.44%+4,100
PROQR THRAPEUTICS N V
SHS EURO
03,425,930+3,425,93006,3720.69%+6,372
CLIMB BIO INC0300,000+300,00003,9120.42%+3,912
TENAX THERAPEUTICS INC(Call)114,300373,100+258,8001,8285,429+3,601
CUE BIOPHARMA INC0104,364+104,36403,2940.35%+3,294
CELLDEX THERAPEUTICS INC NEW(CLDX)461,247478,500+17,25314,63117,8051.92%+3,174
ARROWHEAD PHARMACEUTICALS IN(ARWR)038,278+38,27803,1200.34%+3,120
REIN THERAPEUTICS INC02,950,000+2,950,00003,0680.33%+3,068
CONTINEUM THERAPEUTICS INC807,874807,874010,55113,2411.43%+2,690
Q32 BIO INC(Put)0200,000+200,00002,548+2,548
JADE BIOSCIENCES INC512,349427,349-85,0007,1999,4961.02%+2,297
TECTONIC THERAPEUTIC INC157,537205,837+48,3004,8697,0760.76%+2,206
AMYLYX PHARMACEUTICALS INC(AMLX)0117,500+117,50002,1100.23%+2,110
PROMIS NEUROSCIENCES INC55,000205,000+150,0006992,6980.29%+1,999
PELTHOS THERAPEUTICS INC0256,598+256,59807,2510.78%+7,251
AVALO THERAPEUTICS INC(AVTX)090,183+90,18301,6670.18%+1,667
KYMERA THERAPEUTICS INC(KYMR)(Put)50,40050,40004,1985,779+1,582
AMANAT ACQUISITION CORP0150,000+150,00001,5240.16%+1,524
CUMBERLAND PHARMACEUTICALS I0503,153+503,15303,2600.35%+3,260
PRAXIS PRECISION MEDICINES I(PRAX)072,842+72,842024,3872.63%+24,387
QUINCE THERAPEUTICS INC072,251+72,25101,3140.14%+1,314
IMMUNOME INC(IMNM)060,000+60,00001,2710.14%+1,271
PLIANT THERAPEUTICS INC01,000,000+1,000,00001,1400.12%+1,140
PALISADE BIO INC0750,000+750,00001,5680.17%+1,568
IMMUNIC INC067,464+67,46401,0370.11%+1,037
DISC MEDICINE INC(IRON)(Call)013,300+13,3000973+973
DISC MEDICINE INC(IRON)(Put)013,300+13,3000973+973
FIRST TRACKS BIOTHERAPEUTICS042,775+42,77508610.09%+861
DIREXION SHARES ETF TRUST
DAI BIO BEA ETF
0105,822+105,82208160.09%+816
FAETH THERAPEUTICS INC035,386+35,38608850.10%+885
CELLDEX THERAPEUTICS INC NEW(CLDX)(Put)114,000114,00003,6164,242+626
JOURNEY MED CORP0251,436+251,43601,7800.19%+1,780
CNS PHARMACEUTICALS INC0135,830+135,83006490.07%+649
EYEPOINT INC(EYPT)(Call)370,400370,40004,7745,297+522
EYEPOINT INC(EYPT)(Put)370,400370,40004,7745,297+522
ELICIO THERAPEUTICS INC(Call)0107,100+107,1000419+419
ELICIO THERAPEUTICS INC(Put)0107,100+107,1000419+419
ELICIO THERAPEUTICS INC0100,000+100,00003910.04%+391
INMED PHARMACEUTICALS INC0245,025+245,02503800.04%+380
FRACTYL HEALTH INC01,100,000+1,100,00008740.09%+874
EQUILLIUM INC303,555303,55506079710.10%+364
ACUMEN PHARMACEUTICALS INC1,053,7971,053,79702,4872,8140.30%+327
PRAXIS PRECISION MEDICINES I(PRAX)(Put)0900+9000301+301
TENAX THERAPEUTICS INC(Put)016,500+16,5000240+240
CYBIN INC0132,153+132,15308740.09%+874
ALPHA COGNITION INC0836,259+836,25906,0380.65%+6,038
VERA THERAPEUTICS INC(VERA)(Call)71,70071,70002,8843,077+192
BIOCRYST PHARMACEUTICALS INC(BCRX)016,756+16,75601680.02%+168
ADLAI NORTYE LTD(ANL)33,89933,89902353900.04%+155
LEXICON PHARMACEUTICALS INC(LXRX)164,674164,67402573950.04%+138
ENVERIC BIOSCIENCES INC0100,002+100,00201380.01%+138
MACROGENICS INC74,89374,89302163460.04%+130
SILENCE THERAPEUTICS PLC865,784830,784-35,0001,7321,8280.20%+96
CARTESIAN THERAPEUTICS INC020,807+20,80702170.02%+217
ZURA BIO LTD1,193,4921,218,492+25,0007,1017,1890.77%+88
ACADIA PHARMACEUTICALS INC28,09928,09906257110.08%+85
HYPERLIQUID STRATEGIES INC(PURR)30,00130,00101532360.03%+83
VIKING THERAPEUTICS INC(VKTX)09,717+9,71703790.04%+379
DAMORA THERAPEUTICS INC(DMRA)335,710335,71008,6958,7320.94%+37
AIRSCULPT TECHNOLOGIES INC16,39816,398046740.01%+27
NEUPHORIA THERAPEUTICS INC47,44347,44301932070.02%+14
VYNE THERAPEUTICS INC264,912264,91201581720.02%+14
IMMATICS N.V(IMTX)048,569+48,56904920.05%+492
PEPGEN INC0447,165+447,16508050.09%+805
PMV PHARMACEUTICALS INC89,13689,13601111190.01%+9
THERIVA BIOLOGICS INC112,076112,076022280.00%+6
MANGOCEUTICALS INC0138,146+138,1460520.01%+52
CHEMOMAB THERAPEUTICS LTD051,793+51,7930840.01%+84
MAZE THERAPEUTICS INC(MAZE)0378,999+378,999011,3091.22%+11,309
AUTONOMIX MED INC18,6880-18,68870-7
JASPER THERAPEUTICS INC024,093+24,0930100.00%+10
GLUCOTRACK INC045,830+45,8300150.00%+15
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