Fund Holdings — Ikarian Capital, LLC

Total Portfolio Value
$494.31M
Total Bought
$323.72M
Total Sold
$160.53M
Net Transaction
+$163.19M
Filing Period:
Securities
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SharesValue ($K)
Q2 2025
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Q3 2025
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Change
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Q2 2025
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Q3 2025
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Weight (%)
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Change
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GENMAB A/S(GMAB)0175,000+175,000053,02210.73%+53,022
ABIVAX SA(ABVX)0396,098+396,098033,4166.76%+33,416
IONIS PHARMACEUTICALS INC(IONS)0415,163+415,163027,1605.49%+27,160
PTC THERAPEUTICS INC(PTCT)0280,551+280,551017,2173.48%+17,217
MAZE THERAPEUTICS INC(MAZE)262,740740,825+478,0853,22419,2103.89%+15,986
RAPT THERAPEUTICS INC0615,000+615,000015,8613.21%+15,861
DIANTHUS THERAPEUTICS INC(DNTH)0346,001+346,001013,6152.75%+13,615
CYTOMX THERAPEUTICS INC(CTMX)03,372,616+3,372,616010,7592.18%+10,759
ZURA BIO LTD(ZURA)02,132,322+2,132,32209,2331.87%+9,233
APELLIS PHARMACEUTICALS INC
COM
75,000451,902+376,9021,29810,2272.07%+8,928
FULCRUM THERAPEUTICS INC(FULC)428,5211,289,225+860,7042,94811,8612.40%+8,913
TENAX THERAPEUTICS INC(TENX)0967,600+967,60007,3631.49%+7,363
CG ONCOLOGY INC(CGON)155,000249,473+94,4734,03010,0492.03%+6,019
JAZZ PHARMACEUTICALS PLC(JAZZ)40,00077,800+37,8004,24510,2542.07%+6,009
PHARVARIS N V
COM
0210,165+210,16505,2441.06%+5,244
SYNDAX PHARMACEUTICALS INC(SNDX)0333,733+333,73305,1341.04%+5,134
AGIOS PHARMACEUTICALS INC(AGIO)0126,979+126,97905,0971.03%+5,097
TRAVERE THERAPEUTICS INC(TVTX)0190,781+190,78104,5600.92%+4,560
KODIAK SCIENCES INC(KOD)599,534413,841-185,6932,2366,7751.37%+4,538
CYTOKINETICS INC(CYTK)233,464222,674-10,7907,71412,2382.48%+4,525
KRYSTAL BIOTECH INC(KRYS)024,421+24,42104,3110.87%+4,311
ARGENX SE(ARGX)05,942+5,94204,3030.87%+4,303
PALVELLA THERAPEUTICS INC NE(PVLA)064,746+64,74604,0590.82%+4,059
CIDARA THERAPEUTICS INC464,488277,704-186,78422,62526,5935.38%+3,968
SOLENO THERAPEUTICS INC055,946+55,94603,7820.77%+3,782
DIREXION SHS ETF TR
DAI BIO BEA ETF
091,959+91,95903,7190.75%+3,719
RELMADA THERAPEUTICS INC(RLMD)40,2701,843,060+1,802,790243,7050.75%+3,680
MOONLAKE IMMUNOTHERAPEUTICS(MLTX)0435,839+435,83903,1250.63%+3,125
UPSTREAM BIO INC(UPB)0161,113+161,11303,0310.61%+3,031
FRACTYL HEALTH INC(GUTS)01,800,000+1,800,00002,8620.58%+2,862
BRIDGEBIO ONCOLOGY THERAPEUT(BBOT)0245,231+245,23102,8400.57%+2,840
BRIDGEBIO PHARMA INC(BBIO)051,967+51,96702,6990.55%+2,699
ADMA BIOLOGICS INC0159,854+159,85402,3430.47%+2,343
PEPGEN INC(PEPG)150,000535,967+385,9671672,4760.50%+2,310
INVIVYD INC(IVVD)02,078,706+2,078,70602,2870.46%+2,287
VENTYX BIOSCIENCES INC967,5901,309,604+342,0142,0714,0730.82%+2,002
CAPRICOR THERAPEUTICS INC(CAPR)0264,642+264,64201,9080.39%+1,908
AVALO THERAPEUTICS INC(AVTX)35,300159,777+124,4771762,0310.41%+1,855
PELTHOS THERAPEUTICS INC(PTHS)062,451+62,45101,7490.35%+1,749
UNIQURE NV(QURE)119,98658,610-61,3761,6733,4210.69%+1,748
LEXEO THERAPEUTICS INC(LXEO)550,029567,601+17,5722,2113,7690.76%+1,558
OVID THERAPEUTICS INC(OVID)01,095,574+1,095,57401,4240.29%+1,424
VAXCYTE INC(PCVX)305,000311,682+6,6829,91611,2272.27%+1,311
ANAPTYSBIO INC15,66248,410+32,7483481,4820.30%+1,135
SOLID BIOSCIENCES INC0176,690+176,69001,0900.22%+1,090
TERNS PHARMACEUTICALS INC58,491164,202+105,7112181,2330.25%+1,015
VISTAGEN THERAPEUTICS INC(VTGN)601,703620,869+19,1661,2032,2040.45%+1,001
ALECTOR INC900,000760,000-140,0001,2602,2500.46%+990
ZYMEWORKS INC(ZYME)25,00072,787+47,7873141,2430.25%+929
MBX BIOSCIENCES INC(MBX)048,071+48,07108410.17%+841
PRIME MEDICINE INC(PRME)0150,000+150,00008310.17%+831
STRUCTURE THERAPEUTICS INC183,085163,237-19,8483,7974,5710.92%+773
SONNET BIOTHERAPEUTC HLDNG I0150,000+150,00006870.14%+687
IO BIOTECH INC(IOBTQ)01,525,893+1,525,89305540.11%+554
VERU INC(VERU)0142,523+142,52305420.11%+542
EQUILLIUM INC(EQ)0332,297+332,29704750.10%+475
INFLARX NV(IFRX)705,010722,066+17,0565579680.20%+411
MIND MEDICINE MINDMED INC62,69162,69104077390.15%+332
LYELL IMMUNOPHARMA INC(LYEL)43,79943,79903877110.14%+324
DELCATH SYS INC(DCTH)322,390431,251+108,8614,3854,6360.94%+251
ALTO NEUROSCIENCE INC(ANRO)110,000110,00002424420.09%+200
SANGAMO THERAPEUTICS INC(SGMOQ)1,260,1791,294,652+34,4736828720.18%+190
IMMUNIC INC(IMUX)914,170914,17006388060.16%+168
ANEBULO PHARMACEUTICALS INC157,720157,72002273940.08%+167
IMMATICS N.V(IMTX)49,39649,39602664210.09%+155
ACUMEN PHARMACEUTICALS INC(ABOS)265,769265,76903084540.09%+146
CHEMOMAB THERAPEUTICS LTD(CMMB)053,262+53,26201400.03%+140
PMV PHARMACEUTICALS INC(PMVP)097,500+97,50001370.03%+137
PROQR THRAPEUTICS N V
SHS EURO
868,069892,229+24,1601,7711,9000.38%+130
SPRUCE BIOSCIENCES INC013,332+13,33201190.02%+119
EVAXION AS(EVAX)80,00080,00001963010.06%+105
VOYAGER THERAPEUTICS INC(VYGR)55,76655,76601732600.05%+87
LEXICON PHARMACEUTICALS INC(LXRX)176,479176,47901672380.05%+71
KARYOPHARM THERAPEUTICS INC(KPTI)27,25727,25701171780.04%+61
AIRSCULPT TECHNOLOGIES INC17,95117,9510871440.03%+57
IBIO INC(IBIO)599,913617,327+17,4144585110.10%+53
MACROGENICS INC(MGNX)80,07180,0710971350.03%+38
SENSEI BIOTHERAPEUTICS INC(FTH)22,49722,49701932130.04%+20
NEUMORA THERAPEUTICS INC.(NMRA)12,49812,49809230.00%+14
TRAWS PHARMA INC(TRAW)28,49328,493042530.01%+11
SYNLOGIC INC(SYBX)20,42220,422026350.01%+9
THERIVA BIOLOGICS INC(TOVX)120,031120,031052490.01%-3
CARTESIAN THERAPEUTICS INC(RNAC)22,16622,16602302270.05%-4
AUTONOMIX MED INC(AMIX)20,00020,000031220.00%-10
LYRA THERAPEUTICS INC21,16121,16101901390.03%-50
HOOKIPA PHARMA INC52,9960-52,996670—-67
ALPHA TEKNOVA INC(TKNO)14,0080-14,008690—-69
AETHLON MED INC153,659153,65901841150.02%-69
SPRUCE BIOSCIENCES INC1,000,0000-1,000,000730—-73
KEZAR LIFE SCIENCES INC
COM NEW
106,901106,90104904170.08%-73
JASPER THERAPEUTICS INC(JSPR)25,10725,1070139600.01%-80
SAGIMET BIOSCIENCES INC(SGMT)11,9840-11,984910—-91
SILENCE THERAPEUTICS PLC(SLN)873,568900,784+27,2161,3981,3060.26%-92
RELAY THERAPEUTICS INC(RLAY)743,308467,362-275,9462,5722,4400.49%-132
NYXOAH S A
SHS
50,62750,62703792330.05%-146
BIOMX INC(PHGE)892,976392,976-500,0004022060.04%-196
CHEMOMAB THERAPEUTICS LTD213,0520-213,0522470—-247
VIGIL NEUROSCIENCE INC31,3600-31,3602490—-249
CUMBERLAND PHARMACEUTICALS I(CPIX)595,932555,932-40,0001,9961,7350.35%-262
VERA THERAPEUTICS INC(VERA)14,0960-14,0963320—-332
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Ikarian Capital, LLC — 13F Holdings — Q3 2025 | TickerTrail