ADAR1 Capital Management, LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| DENALI THERAPEUTICS INC(DNLI) | 52,116 | 1,871,455 | +1,819,339 | 860,435 | 35,931,936 | 2.16% | +35,071,501 |
| BEAM THERAPEUTICS INC(BEAM) | 0 | 1,446,375 | +1,446,375 | 0 | 34,467,116 | 2.07% | +34,467,116 |
| CRINETICS PHARMACEUTICALS IN(CRNX) | 309,368 | 1,139,331 | +829,963 | 14,401,080 | 41,380,502 | 2.49% | +26,979,422 |
| TERNS PHARMACEUTICALS INC | 541,615 | 914,699 | +373,084 | 21,881,246 | 48,222,931 | 2.90% | +26,341,685 |
| VIR BIOTECHNOLOGY INC(VIR) | 0 | 2,744,714 | +2,744,714 | 0 | 24,592,637 | 1.48% | +24,592,637 |
| DBV TECHNOLOGIES S A | 0 | 1,012,866 | +1,012,866 | 0 | 21,158,771 | 1.27% | +21,158,771 |
| INSPIRE MED SYS INC(INSP) | 15,000 | 405,197 | +390,197 | 1,383,450 | 20,900,061 | 1.26% | +19,516,611 |
| SCHOLAR ROCK HLDG CORP(SRRK) | 69,589 | 407,273 | +337,684 | 3,065,395 | 20,021,541 | 1.20% | +16,956,146 |
| ROIVANT SCIENCES LTD(ROIV) | 3,428,962 | 3,285,906 | -143,056 | 74,408,475 | 91,019,596 | 5.47% | +16,611,121 |
| SPYRE THERAPEUTICS INC(SYRE) | 34,051 | 338,323 | +304,272 | 1,115,511 | 17,065,012 | 1.03% | +15,949,501 |
| ANTERIS TECHNOLOGIES GLOBAL | 1,238,777 | 3,789,132 | +2,550,355 | 6,181,497 | 21,029,683 | 1.26% | +14,848,186 |
| PROTAGONIST THERAPEUTICS INC | 1,049,168 | 994,119 | -55,049 | 91,634,333 | 104,780,143 | 6.30% | +13,145,810 |
| RHYTHM PHARMACEUTICALS INC(RYTM) | 51,349 | 211,450 | +160,101 | 5,496,397 | 18,389,807 | 1.11% | +12,893,410 |
| ENLIVEN THERAPEUTICS INC | 30,000 | 329,540 | +299,540 | 462,000 | 12,917,968 | 0.78% | +12,455,968 |
| SUTRO BIOPHARMA INC | 67,077 | 524,441 | +457,364 | 776,081 | 13,063,825 | 0.79% | +12,287,744 |
| SANOFI SA(SNY) | 63,474 | 316,939 | +253,465 | 3,075,950 | 15,270,121 | 0.92% | +12,194,171 |
| STATE STR SPDR S&P 500 ETF T(SPY) | 54,684 | 75,940 | +21,256 | 37,290,113 | 49,386,820 | 2.97% | +12,096,707 |
| TERNS PHARMACEUTICALS INC(Call) | 0 | 200,000 | +200,000 | 0 | 10,544,000 | — | +10,544,000 |
| HELIX ACQUISITION CORP III | 0 | 1,000,000 | +1,000,000 | 0 | 10,300,000 | 0.62% | +10,300,000 |
| NEKTAR THERAPEUTICS(NKTR) | 72,031 | 161,252 | +89,221 | 3,045,471 | 11,602,081 | 0.70% | +8,556,610 |
| MOONLAKE IMMUNOTHERAPEUTICS(MLTX) | 0 | 457,137 | +457,137 | 0 | 8,521,034 | 0.51% | +8,521,034 |
| OPUS GENETICS INC | 40,000 | 1,849,004 | +1,809,004 | 80,400 | 8,412,968 | 0.51% | +8,332,568 |
| MAPLIGHT THERAPEUTICS INC(MPLT) | 0 | 374,909 | +374,909 | 0 | 7,621,900 | 0.46% | +7,621,900 |
| CYTOKINETICS INC(CYTK) | 540,166 | 632,556 | +92,390 | 34,322,148 | 41,691,766 | 2.51% | +7,369,618 |
| DAMORA THERAPEUTICS INC(DMRA) | 0 | 279,000 | +279,000 | 0 | 7,226,100 | 0.43% | +7,226,100 |
| ONKURE THERAPEUTICS INC | 1,014,158 | 2,434,941 | +1,420,783 | 2,941,058 | 10,080,656 | 0.61% | +7,139,598 |
| PRIME MEDICINE INC | 0 | 1,973,282 | +1,973,282 | 0 | 6,867,021 | 0.41% | +6,867,021 |
| ARS PHARMACEUTICALS INC | 369,569 | 1,361,536 | +991,967 | 4,305,479 | 10,933,134 | 0.66% | +6,627,655 |
| VIKING THERAPEUTICS INC(VKTX) | 26,494 | 227,717 | +201,223 | 932,059 | 7,409,911 | 0.45% | +6,477,852 |
| KORRO BIO INC | 0 | 540,054 | +540,054 | 0 | 6,113,411 | 0.37% | +6,113,411 |
| INSMED INC(INSM) | 0 | 35,392 | +35,392 | 0 | 5,787,300 | 0.35% | +5,787,300 |
| SAREPTA THERAPEUTICS INC(SRPT) | 28,866 | 262,058 | +233,192 | 621,196 | 5,702,382 | 0.34% | +5,081,186 |
| BRIDGEBIO PHARMA INC(BBIO) | 0 | 0 | 0 | 0 | 4,943,000 | 0.30% | +4,943,000 |
| BHAV ACQUISITION CORP | 0 | 495,000 | +495,000 | 0 | 4,935,000 | 0.30% | +4,935,000 |
| ABIVAX SA(ABVX)(Call) | 0 | 44,000 | +44,000 | 0 | 4,899,400 | — | +4,899,400 |
| BRIDGEBIO PHARMA INC(BBIO) | 0 | 0 | 0 | 0 | 4,852,000 | 0.29% | +4,852,000 |
| ZAI LAB LTD(ZLAB) | 1,246,520 | 1,425,367 | +178,847 | 21,988,613 | 26,811,153 | 1.61% | +4,822,540 |
| ELI LILLY & CO(LLY) | 0 | 5,060 | +5,060 | 0 | 4,654,036 | 0.28% | +4,654,036 |
| DIANTHUS THERAPEUTICS INC(DNTH) | 0 | 55,000 | +55,000 | 0 | 4,615,600 | 0.28% | +4,615,600 |
| LEONABIO INC | 393,701 | 727,481 | +333,780 | 2,890,907 | 7,478,505 | 0.45% | +4,587,598 |
| UROGEN PHARMA LTD(URGN) | 125,375 | 395,459 | +270,084 | 2,936,283 | 7,110,353 | 0.43% | +4,174,070 |
| XENON PHARMACEUTICALS INC(XENE) | 203,969 | 228,899 | +24,930 | 9,141,891 | 13,310,477 | 0.80% | +4,168,586 |
| BRIDGEBIO PHARMA INC(BBIO) | 0 | 0 | 0 | 0 | 3,564,000 | 0.21% | +3,564,000 |
| VIRIDIAN THERAPEUTICS INC(VRDN) | 77,198 | 304,422 | +227,224 | 2,402,402 | 5,954,494 | 0.36% | +3,552,092 |
| IMMUNOVANT INC(IMVT) | 2,480,968 | 2,679,010 | +198,042 | 63,066,207 | 66,546,608 | 4.00% | +3,480,401 |
| BEONE MEDICINES LTD(ONC) | 0 | 11,701 | +11,701 | 0 | 3,474,846 | 0.21% | +3,474,846 |
| ARRIVENT BIOPHARMA INC(AVBP) | 0 | 141,814 | +141,814 | 0 | 3,271,649 | 0.20% | +3,271,649 |
| ATAIBECKLEY INC(ATAI) | 0 | 913,242 | +913,242 | 0 | 3,232,877 | 0.19% | +3,232,877 |
| ACUMEN PHARMACEUTICALS INC | 891,183 | 2,156,334 | +1,265,151 | 1,880,396 | 5,088,948 | 0.31% | +3,208,552 |
| PLIANT THERAPEUTICS INC | 73,819 | 2,585,126 | +2,511,307 | 90,059 | 3,257,259 | 0.20% | +3,167,200 |
| AMYLYX PHARMACEUTICALS INC(AMLX) | 890,356 | 1,000,604 | +110,248 | 10,755,500 | 13,908,396 | 0.84% | +3,152,896 |
| OVID THERAPEUTICS INC | 4,285,000 | 4,544,113 | +259,113 | 6,984,550 | 10,087,931 | 0.61% | +3,103,381 |
| RELMADA THERAPEUTICS INC | 30,866 | 451,918 | +421,052 | 149,083 | 3,145,349 | 0.19% | +2,996,266 |
| LIQUIDIA CORPORATION(LQDA)(Put) | 24,500 | 100,000 | +75,500 | 845,005 | 3,774,000 | — | +2,928,995 |
| PERSPECTIVE THERAPEUTICS INC | 95,193 | 749,335 | +654,142 | 261,781 | 3,124,727 | 0.19% | +2,862,946 |
| CAPRICOR THERAPEUTICS INC(CAPR) | 0 | 90,593 | +90,593 | 0 | 2,754,027 | 0.17% | +2,754,027 |
| TENAX THERAPEUTICS INC | 63,673 | 213,462 | +149,789 | 776,174 | 3,413,257 | 0.21% | +2,637,083 |
| PEPGEN INC | 36,842 | 1,607,638 | +1,570,796 | 239,841 | 2,845,519 | 0.17% | +2,605,678 |
| APELLIS PHARMACEUTICALS INC COM | 20,000 | 72,500 | +52,500 | 502,400 | 2,916,675 | 0.18% | +2,414,275 |
| BRIGHT MINDS BIOSCIENCES INC | 3,500 | 33,900 | +30,400 | 273,140 | 2,473,683 | 0.15% | +2,200,543 |
| CONNECT BIOPHARMA HLDGS LTD | 0 | 742,400 | +742,400 | 0 | 1,945,088 | 0.12% | +1,945,088 |
| SPDR SERIES TRUST(Put) ST STR SP BIOT | 0 | 15,000 | +15,000 | 0 | 1,915,950 | — | +1,915,950 |
| CG ONCOLOGY INC(CGON) | 258,139 | 185,699 | -72,440 | 10,717,931 | 12,568,108 | 0.76% | +1,850,177 |
| ARCELLX INC COMMON STOCK | 31,484 | 32,084 | +600 | 2,052,757 | 3,683,885 | 0.22% | +1,631,128 |
| AMICUS THERAPEUTIC COM | 0 | 105,000 | +105,000 | 0 | 1,518,300 | 0.09% | +1,518,300 |
| UNITEDHEALTH GROUP INC(UNH) | 0 | 5,501 | +5,501 | 0 | 1,488,516 | 0.09% | +1,488,516 |
| REVOLUTION MEDICINES INC(RVMD) | 145,079 | 133,893 | -11,186 | 11,555,542 | 13,021,094 | 0.78% | +1,465,552 |
| PROTHENA CORP PLC SHS | 1,457,764 | 1,581,443 | +123,679 | 13,921,646 | 15,371,626 | 0.92% | +1,449,980 |
| SENSIENT TECHNOLOGIES CORP(SXT) | 0 | 15,000 | +15,000 | 0 | 1,296,600 | 0.08% | +1,296,600 |
| SATELLOS BIOSCIENCE INC | 0 | 222,555 | +222,555 | 0 | 1,253,000 | 0.08% | +1,253,000 |
| NOVO-NORDISK A S(NVO) | 0 | 33,000 | +33,000 | 0 | 1,212,750 | 0.07% | +1,212,750 |
| PROMIS NEUROSCIENCES INC | 0 | 95,350 | +95,350 | 0 | 1,210,945 | 0.07% | +1,210,945 |
| LEXICON PHARMACEUTICALS INC(LXRX) | 0 | 750,000 | +750,000 | 0 | 1,170,000 | 0.07% | +1,170,000 |
| SCHRODINGER INC(SDGR) | 0 | 101,500 | +101,500 | 0 | 1,153,040 | 0.07% | +1,153,040 |
| KARYOPHARM THERAPEUTICS INC(Call) | 0 | 205,200 | +205,200 | 0 | 1,142,964 | — | +1,142,964 |
| EVOMMUNE INC | 184,062 | 184,062 | 0 | 3,151,141 | 4,231,585 | 0.25% | +1,080,444 |
| DAY ONE BIOPHARMACEUTICALS I COM | 0 | 49,923 | +49,923 | 0 | 1,070,349 | 0.06% | +1,070,349 |
| ARROWHEAD PHARMACEUTICALS IN(ARWR) | 0 | 10,000 | +10,000 | 0 | 1,024,000 | 0.06% | +1,024,000 |
| UNIQURE NV(QURE)(Call) | 30,000 | 100,000 | +70,000 | 717,900 | 1,635,000 | — | +917,100 |
| ADLAI NORTYE LTD | 0 | 117,909 | +117,909 | 0 | 815,930 | 0.05% | +815,930 |
| ZURA BIO LTD | 562,065 | 630,403 | +68,338 | 2,945,221 | 3,750,898 | 0.23% | +805,677 |
| CORBUS PHARMACEUTICALS HLDGS | 286,781 | 331,781 | +45,000 | 2,334,397 | 3,115,424 | 0.19% | +781,027 |
| ATRIUM THERAPEUTICS INC | 0 | 57,688 | +57,688 | 0 | 771,000 | 0.05% | +771,000 |
| INTEGER HLDGS CORP(ITGR) | 0 | 8,750 | +8,750 | 0 | 770,000 | 0.05% | +770,000 |
| SILENCE THERAPEUTICS PLC | 23,643 | 172,157 | +148,514 | 143,749 | 907,267 | 0.05% | +763,518 |
| JANUX THERAPEUTICS INC(JANX) | 245,452 | 298,546 | +53,094 | 3,387,238 | 4,149,789 | 0.25% | +762,551 |
| TEVA PHARMACEUTICAL INDS LTD(TEVA) | 235,971 | 268,391 | +32,420 | 7,364,655 | 8,083,937 | 0.49% | +719,282 |
| MASIMO CORP | 15,000 | 15,000 | 0 | 1,950,900 | 2,668,050 | 0.16% | +717,150 |
| KEROS THERAPEUTICS INC | 18,851 | 97,318 | +78,467 | 383,806 | 1,074,391 | 0.06% | +690,585 |
| BIOCRYST PHARMACEUTICALS INC(BCRX) | 45,000 | 105,000 | +60,000 | 351,000 | 999,600 | 0.06% | +648,600 |
| FORWARD AIR CORP | 26,635 | 78,241 | +51,606 | 665,875 | 1,307,407 | 0.08% | +641,532 |
| PHARVARIS N V COM | 85,528 | 105,528 | +20,000 | 2,373,402 | 2,981,166 | 0.18% | +607,764 |
| EDGEWISE THERAPEUTICS INC(EWTX) | 90,999 | 90,599 | -400 | 2,258,140 | 2,853,869 | 0.17% | +595,729 |
| BIOAGE LABS INC(BIOA) | 135,560 | 135,560 | 0 | 1,793,459 | 2,370,944 | 0.14% | +577,485 |
| MIRUM PHARMACEUTICALS INC(MIRM) | 0 | 6,200 | +6,200 | 0 | 572,756 | 0.03% | +572,756 |
| CENTESSA PHARMACEUTICALS PLC | 38,566 | 38,566 | 0 | 964,536 | 1,531,842 | 0.09% | +567,306 |
| ARROWHEAD PHARMACEUTICALS IN(ARWR) | 58,200 | 70,300 | +12,100 | 3,863,898 | 4,407,810 | 0.26% | +543,912 |
| ALECTOR INC | 1,108,000 | 1,050,000 | -58,000 | 1,728,480 | 2,257,500 | 0.14% | +529,020 |
| PRELUDE THERAPEUTICS INC | 0 | 152,825 | +152,825 | 0 | 522,662 | 0.03% | +522,662 |
| REPLIMUNE GROUP INC(REPL)(Call) | 25,000 | 100,000 | +75,000 | 243,000 | 765,000 | — | +522,000 |