Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q1 2025 ▲▼ | Q2 2025 ▲▼ | Change ▲▼ | Q1 2025 ▲▼ | Q2 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| SPDR SERIES TRUST(Call) ST STR SP BIOT | 0 | 1,000,000 | +1,000,000 | 0 | 82,930 | — | +82,930 |
| JAZZ PHARMACEUTICALS PLC(JAZZ) | 0 | 450,000 | +450,000 | 0 | 47,754 | 6.38% | +47,754 |
| TEVA PHARMACEUTICAL INDS LTD(TEVA)(Call) | 0 | 1,500,000 | +1,500,000 | 0 | 25,140 | — | +25,140 |
| BIOGEN INC(BIIB) | 0 | 200,000 | +200,000 | 0 | 25,118 | 3.36% | +25,118 |
| UNITED THERAPEUTICS CORP DEL(UTHR) | 0 | 85,000 | +85,000 | 0 | 24,425 | 3.26% | +24,425 |
| ARVINAS INC | 0 | 3,300,000 | +3,300,000 | 0 | 24,288 | 3.24% | +24,288 |
| NEUROCRINE BIOSCIENCES INC(NBIX) | 0 | 150,000 | +150,000 | 0 | 18,854 | 2.52% | +18,854 |
| IMMUNOCORE HLDGS PLC(IMCR) | 0 | 575,000 | +575,000 | 0 | 18,044 | 2.41% | +18,044 |
| DISC MEDICINE INC(IRON) | 394,342 | 700,000 | +305,658 | 19,575 | 37,072 | 4.95% | +17,497 |
| APELLIS PHARMACEUTICALS INC(Call) COM | 0 | 1,000,000 | +1,000,000 | 0 | 17,310 | — | +17,310 |
| AVIDITY BIOSCIENCES INC | 350,000 | 950,000 | +600,000 | 10,332 | 26,980 | 3.60% | +16,648 |
| AKERO THERAPEUTICS INC | 1,200,000 | 1,200,000 | 0 | 48,576 | 64,032 | 8.55% | +15,456 |
| MADRIGAL PHARMACEUTICALS INC(MDGL) | 0 | 50,000 | +50,000 | 0 | 15,132 | 2.02% | +15,132 |
| KRYSTAL BIOTECH INC(KRYS) | 0 | 100,000 | +100,000 | 0 | 13,746 | 1.84% | +13,746 |
| IDEAYA BIOSCIENCES INC(IDYA) | 3,500,000 | 3,345,000 | -155,000 | 57,330 | 70,312 | 9.39% | +12,982 |
| DYNE THERAPEUTICS INC(DYN) | 500,000 | 1,900,000 | +1,400,000 | 5,230 | 18,088 | 2.42% | +12,858 |
| CELLDEX THERAPEUTICS INC NEW(CLDX) | 0 | 600,000 | +600,000 | 0 | 12,210 | 1.63% | +12,210 |
| JANUX THERAPEUTICS INC(JANX)(Call) | 0 | 500,000 | +500,000 | 0 | 11,550 | — | +11,550 |
| ARVINAS INC(Call) | 0 | 1,500,000 | +1,500,000 | 0 | 11,040 | — | +11,040 |
| STRUCTURE THERAPEUTICS INC | 425,000 | 850,000 | +425,000 | 7,357 | 17,629 | 2.35% | +10,272 |
| BIOHAVEN LTD(BHVN) | 0 | 700,000 | +700,000 | 0 | 9,877 | 1.32% | +9,877 |
| XENCOR INC(XNCR) | 0 | 1,250,000 | +1,250,000 | 0 | 9,825 | 1.31% | +9,825 |
| PRAXIS PRECISION MEDICINES I(PRAX) | 0 | 225,000 | +225,000 | 0 | 9,461 | 1.26% | +9,461 |
| CIDARA THERAPEUTICS INC | 0 | 190,000 | +190,000 | 0 | 9,255 | 1.24% | +9,255 |
| CRESCENT BIOPHARMA INC. | 0 | 553,686 | +553,686 | 0 | 8,936 | 1.19% | +8,936 |
| LEGEND BIOTECH CORP(LEGN) | 0 | 250,000 | +250,000 | 0 | 8,873 | 1.19% | +8,873 |
| RHYTHM PHARMACEUTICALS INC(RYTM) | 0 | 130,000 | +130,000 | 0 | 8,215 | 1.10% | +8,215 |
| LARIMAR THERAPEUTICS INC(Call) | 0 | 2,500,000 | +2,500,000 | 0 | 7,225 | — | +7,225 |
| KEROS THERAPEUTICS INC | 2,000,000 | 2,000,000 | 0 | 20,380 | 26,700 | 3.57% | +6,320 |
| JADE BIOSCIENCES INC | 0 | 625,000 | +625,000 | 0 | 6,244 | 0.83% | +6,244 |
| REVOLUTION MEDICINES INC(RVMD) | 1,600,000 | 1,700,000 | +100,000 | 56,576 | 62,543 | 8.35% | +5,967 |
| METSERA INC | 0 | 200,000 | +200,000 | 0 | 5,690 | 0.76% | +5,690 |
| VERASTEM INC | 0 | 1,000,000 | +1,000,000 | 0 | 4,150 | 0.55% | +4,150 |
| BICARA THERAPEUTICS INC | 0 | 400,000 | +400,000 | 0 | 3,716 | 0.50% | +3,716 |
| OCULAR THERAPEUTIX INC(OCUL) | 2,300,000 | 2,200,000 | -100,000 | 16,859 | 20,416 | 2.73% | +3,557 |
| ENLIVEN THERAPEUTICS INC | 240,000 | 350,000 | +110,000 | 4,723 | 7,021 | 0.94% | +2,298 |
| UNICYCIVE THERAPEUTICS INC | 0 | 473,562 | +473,562 | 0 | 2,259 | 0.30% | +2,259 |
| TREVI THERAPEUTICS INC(TRVI) | 424,715 | 850,000 | +425,285 | 2,671 | 4,650 | 0.62% | +1,978 |
| OLEMA PHARMACEUTICALS INC(OLMA) | 3,208,875 | 3,208,875 | 0 | 12,065 | 13,670 | 1.83% | +1,604 |
| ERASCA INC(ERAS) | 13,000,000 | 15,000,000 | +2,000,000 | 17,810 | 19,050 | 2.54% | +1,240 |
| ASTRIA THERAPEUTICS INC | 500,000 | 700,000 | +200,000 | 2,670 | 3,752 | 0.50% | +1,082 |
| SEPTERNA INC(SEPN) | 134,202 | 109,202 | -25,000 | 777 | 1,154 | 0.15% | +377 |
| RAPPORT THERAPEUTICS INC(RAPP) | 208,910 | 208,910 | 0 | 2,095 | 2,375 | 0.32% | +280 |
| NUVATION BIO INC(NUVB) | 66,666 | 66,666 | 0 | 16 | 18 | 0.00% | +2 |
| IMMUNOVANT INC(IMVT) | 275,000 | 275,000 | 0 | 4,700 | 4,400 | 0.59% | -300 |
| SOLID BIOSCIENCES INC | 100,000 | 0 | -100,000 | 370 | 0 | — | -370 |
| ARTIVA BIOTHERAPEUTICS INC | 145,089 | 0 | -145,089 | 435 | 0 | — | -435 |
| ALLAKOS INC | 2,900,000 | 0 | -2,900,000 | 660 | 0 | — | -660 |
| ACLARIS THERAPEUTICS INC | 2,222,222 | 1,850,000 | -372,222 | 3,400 | 2,627 | 0.35% | -773 |
| GLYCOMIMETICS INC | 5,400,000 | 0 | -5,400,000 | 1,134 | 0 | — | -1,134 |
| ANNEXON INC(ANNX) | 4,000,000 | 2,410,000 | -1,590,000 | 7,720 | 5,784 | 0.77% | -1,936 |
| DESIGN THERAPEUTICS INC | 4,217,627 | 4,217,627 | 0 | 16,280 | 14,213 | 1.90% | -2,067 |
| MAZE THERAPEUTICS INC(MAZE) | 936,914 | 611,914 | -325,000 | 10,315 | 7,508 | 1.00% | -2,807 |
| UNICYCIVE THERAPEUTICS INC | 5,078,927 | 0 | -5,078,927 | 2,920 | 0 | — | -2,920 |
| AEROVATE THERAPEUTICS INC | 1,400,000 | 0 | -1,400,000 | 3,514 | 0 | — | -3,514 |
| MOONLAKE IMMUNOTHERAPEUTICS(MLTX) | 350,000 | 200,000 | -150,000 | 13,675 | 9,440 | 1.26% | -4,234 |
| COMPASS PATHWAYS PLC(CMPS) | 2,000,000 | 0 | -2,000,000 | 5,720 | 0 | — | -5,720 |
| CRINETICS PHARMACEUTICALS IN(CRNX) | 350,000 | 0 | -350,000 | 11,739 | 0 | — | -11,739 |
| GERON CORP(GERN) | 8,000,000 | 0 | -8,000,000 | 12,720 | 0 | — | -12,720 |
| SOLENO THERAPEUTICS INC | 250,000 | 0 | -250,000 | 17,863 | 0 | — | -17,862 |
| 89BIO INC | 2,500,000 | 0 | -2,500,000 | 18,175 | 0 | — | -18,175 |
| BIONTECH SE(BNTX) | 200,000 | 0 | -200,000 | 18,212 | 0 | — | -18,212 |
| JANUX THERAPEUTICS INC(JANX) | 1,650,000 | 1,000,000 | -650,000 | 44,550 | 23,100 | 3.09% | -21,450 |
| XENON PHARMACEUTICALS INC(XENE) | 650,000 | 0 | -650,000 | 21,808 | 0 | — | -21,807 |
| TEVA PHARMACEUTICAL INDS LTD(TEVA) | 1,700,000 | 0 | -1,700,000 | 26,129 | 0 | — | -26,129 |
| NUVALENT INC(NUVL) | 500,000 | 0 | -500,000 | 35,460 | 0 | — | -35,460 |