Fund HoldingsADAR1 Capital Management, LLC

Total Portfolio Value
$1.66B
Total Bought
$581.06M
Total Sold
$257.76M
Net Transaction
+$323.30M
Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
DENALI THERAPEUTICS INC(DNLI)01,871,455+1,871,455035,9322.16%+35,932
BEAM THERAPEUTICS INC(BEAM)01,446,375+1,446,375034,4672.07%+34,467
CRINETICS PHARMACEUTICALS IN(CRNX)309,3681,139,331+829,96314,40141,3812.49%+26,979
TERNS PHARMACEUTICALS INC541,615914,699+373,08421,88148,2232.90%+26,342
VIR BIOTECHNOLOGY INC(VIR)02,744,714+2,744,714024,5931.48%+24,593
DBV TECHNOLOGIES S A01,012,866+1,012,866021,1591.27%+21,159
INSPIRE MED SYS INC(INSP)15,000405,197+390,1971,38320,9001.26%+19,517
SCHOLAR ROCK HLDG CORP(SRRK)69,589407,273+337,6843,06520,0221.20%+16,956
ROIVANT SCIENCES LTD(ROIV)3,428,9623,285,906-143,05674,40891,0205.47%+16,611
SPYRE THERAPEUTICS INC(SYRE)0338,323+338,323017,0651.03%+17,065
ANTERIS TECHNOLOGIES GLOBAL1,238,7773,789,132+2,550,3556,18121,0301.26%+14,848
PROTAGONIST THERAPEUTICS INC1,049,168994,119-55,04991,634104,7806.30%+13,146
RHYTHM PHARMACEUTICALS INC(RYTM)0211,450+211,450018,3901.11%+18,390
ENLIVEN THERAPEUTICS INC0329,540+329,540012,9180.78%+12,918
SUTRO BIOPHARMA INC0524,441+524,441013,0640.79%+13,064
SANOFI SA(SNY)0316,939+316,939015,2700.92%+15,270
STATE STR SPDR S&P 500 ETF T(SPY)54,68475,940+21,25637,29049,3872.97%+12,097
TERNS PHARMACEUTICALS INC(Call)0200,000+200,000010,544+10,544
HELIX ACQUISITION CORP III01,000,000+1,000,000010,3000.62%+10,300
NEKTAR THERAPEUTICS(NKTR)0161,252+161,252011,6020.70%+11,602
MOONLAKE IMMUNOTHERAPEUTICS(MLTX)0457,137+457,13708,5210.51%+8,521
OPUS GENETICS INC01,849,004+1,849,00408,4130.51%+8,413
MAPLIGHT THERAPEUTICS INC(MPLT)0374,909+374,90907,6220.46%+7,622
CYTOKINETICS INC(CYTK)540,166632,556+92,39034,32241,6922.51%+7,370
DAMORA THERAPEUTICS INC(DMRA)0279,000+279,00007,2260.43%+7,226
ONKURE THERAPEUTICS INC1,014,1582,434,941+1,420,7832,94110,0810.61%+7,140
PRIME MEDICINE INC01,973,282+1,973,28206,8670.41%+6,867
ARS PHARMACEUTICALS INC369,5691,361,536+991,9674,30510,9330.66%+6,628
VIKING THERAPEUTICS INC(VKTX)0227,717+227,71707,4100.45%+7,410
KORRO BIO INC0540,054+540,05406,1130.37%+6,113
INSMED INC(INSM)035,392+35,39205,7870.35%+5,787
SAREPTA THERAPEUTICS INC(SRPT)0262,058+262,05805,7020.34%+5,702
BRIDGEBIO PHARMA INC(BBIO)00004,9430.30%+4,943
BHAV ACQUISITION CORP0495,000+495,00004,9350.30%+4,935
ABIVAX SA(ABVX)(Call)044,000+44,00004,899+4,899
BRIDGEBIO PHARMA INC(BBIO)00004,8520.29%+4,852
ZAI LAB LTD(ZLAB)01,425,367+1,425,367026,8111.61%+26,811
ELI LILLY & CO(LLY)05,060+5,06004,6540.28%+4,654
DIANTHUS THERAPEUTICS INC(DNTH)055,000+55,00004,6160.28%+4,616
LEONABIO INC393,701727,481+333,7802,8917,4790.45%+4,588
UROGEN PHARMA LTD(URGN)125,375395,459+270,0842,9367,1100.43%+4,174
XENON PHARMACEUTICALS INC(XENE)203,969228,899+24,9309,14213,3100.80%+4,169
BRIDGEBIO PHARMA INC(BBIO)00003,5640.21%+3,564
VIRIDIAN THERAPEUTICS INC(VRDN)0304,422+304,42205,9540.36%+5,954
IMMUNOVANT INC(IMVT)2,480,9682,679,010+198,04263,06666,5474.00%+3,480
BEONE MEDICINES LTD(ONC)011,701+11,70103,4750.21%+3,475
ARRIVENT BIOPHARMA INC(AVBP)0141,814+141,81403,2720.20%+3,272
ATAIBECKLEY INC(ATAI)0913,242+913,24203,2330.19%+3,233
ACUMEN PHARMACEUTICALS INC02,156,334+2,156,33405,0890.31%+5,089
PLIANT THERAPEUTICS INC02,585,126+2,585,12603,2570.20%+3,257
AMYLYX PHARMACEUTICALS INC(AMLX)01,000,604+1,000,604013,9080.84%+13,908
OVID THERAPEUTICS INC4,285,0004,544,113+259,1136,98510,0880.61%+3,103
RELMADA THERAPEUTICS INC0451,918+451,91803,1450.19%+3,145
LIQUIDIA CORPORATION(LQDA)(Put)24,500100,000+75,5008453,774+2,929
PERSPECTIVE THERAPEUTICS INC0749,335+749,33503,1250.19%+3,125
CAPRICOR THERAPEUTICS INC(CAPR)090,593+90,59302,7540.17%+2,754
TENAX THERAPEUTICS INC0213,462+213,46203,4130.21%+3,413
PEPGEN INC01,607,638+1,607,63802,8460.17%+2,846
APELLIS PHARMACEUTICALS INC
COM
072,500+72,50002,9170.18%+2,917
BRIGHT MINDS BIOSCIENCES INC033,900+33,90002,4740.15%+2,474
CONNECT BIOPHARMA HLDGS LTD0742,400+742,40001,9450.12%+1,945
SPDR SERIES TRUST(Put)
ST STR SP BIOT
015,000+15,00001,916+1,916
CG ONCOLOGY INC(CGON)0185,699+185,699012,5680.76%+12,568
ARCELLX INC
COMMON STOCK
032,084+32,08403,6840.22%+3,684
AMICUS THERAPEUTIC
COM
0105,000+105,00001,5180.09%+1,518
UNITEDHEALTH GROUP INC(UNH)05,501+5,50101,4890.09%+1,489
REVOLUTION MEDICINES INC(RVMD)145,079133,893-11,18611,55613,0210.78%+1,466
PROTHENA CORP PLC
SHS
01,581,443+1,581,443015,3720.92%+15,372
SENSIENT TECHNOLOGIES CORP(SXT)015,000+15,00001,2970.08%+1,297
SATELLOS BIOSCIENCE INC0222,555+222,55501,2530.08%+1,253
NOVO-NORDISK A S(NVO)033,000+33,00001,2130.07%+1,213
PROMIS NEUROSCIENCES INC095,350+95,35001,2110.07%+1,211
LEXICON PHARMACEUTICALS INC(LXRX)0750,000+750,00001,1700.07%+1,170
SCHRODINGER INC(SDGR)0101,500+101,50001,1530.07%+1,153
KARYOPHARM THERAPEUTICS INC(Call)0205,200+205,20001,143+1,143
EVOMMUNE INC184,062184,06203,1514,2320.25%+1,080
DAY ONE BIOPHARMACEUTICALS I
COM
049,923+49,92301,0700.06%+1,070
ARROWHEAD PHARMACEUTICALS IN(ARWR)010,000+10,00001,0240.06%+1,024
UNIQURE NV(QURE)(Call)0100,000+100,00001,635+1,635
ADLAI NORTYE LTD0117,909+117,90908160.05%+816
ZURA BIO LTD0630,403+630,40303,7510.23%+3,751
CORBUS PHARMACEUTICALS HLDGS286,781331,781+45,0002,3343,1150.19%+781
ATRIUM THERAPEUTICS INC057,688+57,68807710.05%+771
INTEGER HLDGS CORP(ITGR)08,750+8,75007700.05%+770
SILENCE THERAPEUTICS PLC0172,157+172,15709070.05%+907
JANUX THERAPEUTICS INC(JANX)0298,546+298,54604,1500.25%+4,150
TEVA PHARMACEUTICAL INDS LTD(TEVA)235,971268,391+32,4207,3658,0840.49%+719
MASIMO CORP015,000+15,00002,6680.16%+2,668
KEROS THERAPEUTICS INC097,318+97,31801,0740.06%+1,074
BIOCRYST PHARMACEUTICALS INC(BCRX)0105,000+105,00001,0000.06%+1,000
FORWARD AIR CORP078,241+78,24101,3070.08%+1,307
PHARVARIS N V
COM
85,528105,528+20,0002,3732,9810.18%+608
EDGEWISE THERAPEUTICS INC(EWTX)90,99990,599-4002,2582,8540.17%+596
BIOAGE LABS INC(BIOA)0135,560+135,56002,3710.14%+2,371
MIRUM PHARMACEUTICALS INC(MIRM)06,200+6,20005730.03%+573
CENTESSA PHARMACEUTICALS PLC038,566+38,56601,5320.09%+1,532
ARROWHEAD PHARMACEUTICALS IN(ARWR)58,20070,300+12,1003,8644,4080.26%+544
ALECTOR INC1,108,0001,050,000-58,0001,7282,2580.14%+529
PRELUDE THERAPEUTICS INC0152,825+152,82505230.03%+523
REPLIMUNE GROUP INC(REPL)(Call)0100,000+100,0000765+765
Page 1 of 1