ADAR1 Capital Management, LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| ABIVAX SA(ABVX) | 3,071,340 | 1,350,826 | -1,720,514 | 23,495,751 | 114,685,127 | 11.36% | +91,189,376 |
| ROIVANT SCIENCES LTD(ROIV) | 1,940,797 | 3,347,501 | +1,406,704 | 21,872,782 | 50,647,690 | 5.02% | +28,774,908 |
| IMMUNOVANT INC(IMVT) | 535,066 | 2,241,753 | +1,706,687 | 8,561,056 | 36,137,058 | 3.58% | +27,576,002 |
| 89BIO INC | 875,983 | 2,113,153 | +1,237,170 | 8,602,153 | 31,063,349 | 3.08% | +22,461,196 |
| SPDR S&P 500 ETF TR(SPY) | 22,684 | 54,684 | +32,000 | 14,015,309 | 36,429,387 | 3.61% | +22,414,078 |
| PROTAGONIST THERAPEUTICS INC | 948,069 | 989,182 | +41,113 | 52,399,774 | 65,711,360 | 6.51% | +13,311,586 |
| KEROS THERAPEUTICS INC | 5,389,264 | 5,389,264 | 0 | 71,946,674 | 85,258,156 | 8.44% | +13,311,482 |
| SEPTERNA INC(SEPN) | 847,227 | 1,176,491 | +329,264 | 8,955,189 | 22,129,796 | 2.19% | +13,174,607 |
| UNIQURE NV(QURE)(Call) | 0 | 200,000 | +200,000 | 0 | 11,674,000 | — | +11,674,000 |
| LEXEO THERAPEUTICS INC | 145,109 | 1,531,953 | +1,386,844 | 583,338 | 10,172,168 | 1.01% | +9,588,830 |
| CYTOKINETICS INC(CYTK) | 582,147 | 518,921 | -63,226 | 19,234,137 | 28,519,898 | 2.82% | +9,285,761 |
| CRINETICS PHARMACEUTICALS IN(CRNX) | 53,125 | 248,368 | +195,243 | 1,527,875 | 10,344,527 | 1.02% | +8,816,652 |
| INVIVYD INC | 0 | 7,370,987 | +7,370,987 | 0 | 8,108,086 | 0.80% | +8,108,086 |
| METSERA INC | 0 | 152,521 | +152,521 | 0 | 7,981,424 | 0.79% | +7,981,424 |
| EQUILLIUM INC | 0 | 5,559,988 | +5,559,988 | 0 | 7,950,783 | 0.79% | +7,950,783 |
| UNIQURE NV(QURE) | 0 | 133,316 | +133,316 | 0 | 7,781,655 | 0.77% | +7,781,655 |
| JANUX THERAPEUTICS INC(JANX) | 62,088 | 351,032 | +288,944 | 1,434,233 | 8,579,222 | 0.85% | +7,144,989 |
| REGENERON PHARMACEUTICALS(REGN) | 3,361 | 15,700 | +12,339 | 1,764,525 | 8,827,639 | 0.87% | +7,063,114 |
| MONOPAR THERAPEUTICS INC | 100,974 | 129,999 | +29,025 | 3,612,850 | 10,617,018 | 1.05% | +7,004,168 |
| ASCENDIS PHARMA A/S(ASND) | 1,402 | 36,345 | +34,943 | 241,985 | 7,225,749 | 0.72% | +6,983,764 |
| RAPT THERAPEUTICS INC | 783,217 | 507,771 | -275,446 | 6,265,736 | 13,095,414 | 1.30% | +6,829,678 |
| CYTOMX THERAPEUTICS INC | 3,081,414 | 4,045,414 | +964,000 | 6,994,810 | 12,904,871 | 1.28% | +5,910,061 |
| BRIDGEBIO ONCOLOGY THERAPEUT | 0 | 501,228 | +501,228 | 0 | 5,804,220 | 0.57% | +5,804,220 |
| SPDR S&P 500 ETF TR(SPY)(Put) | 40,500 | 45,500 | +5,000 | 25,022,925 | 30,311,190 | — | +5,288,265 |
| ATAI LIFE SCIENCES NV | 0 | 913,242 | +913,242 | 0 | 4,831,050 | 0.48% | +4,831,050 |
| UNITED THERAPEUTICS CORP DEL(UTHR) | 0 | 11,200 | +11,200 | 0 | 4,695,152 | 0.46% | +4,695,152 |
| VAXCYTE INC(PCVX) | 98,032 | 213,064 | +115,032 | 3,187,020 | 7,674,565 | 0.76% | +4,487,545 |
| ARBUTUS BIOPHARMA CORP(ABUS) | 2,825,773 | 2,903,226 | +77,453 | 8,731,639 | 13,180,646 | 1.31% | +4,449,007 |
| AA MISSION ACQUISITION CORP(Call) | 0 | 405,089 | +405,089 | 0 | 4,261,536 | — | +4,261,536 |
| AMYLYX PHARMACEUTICALS INC(AMLX) | 1,205,101 | 866,202 | -338,899 | 7,724,697 | 11,771,685 | 1.17% | +4,046,988 |
| SPDR SERIES TRUST(Put) | 0 | 40,000 | +40,000 | 0 | 4,008,000 | — | +4,008,000 |
| REPLIMUNE GROUP INC(REPL) | 10,400 | 978,894 | +968,494 | 96,616 | 4,101,566 | 0.41% | +4,004,950 |
| NEKTAR THERAPEUTICS(NKTR) | 15,796 | 72,007 | +56,211 | 408,169 | 4,097,198 | 0.41% | +3,689,029 |
| KRYSTAL BIOTECH INC(KRYS) | 0 | 18,523 | +18,523 | 0 | 3,269,865 | 0.32% | +3,269,865 |
| REZOLUTE INC | 989,297 | 815,975 | -173,322 | 4,412,265 | 7,670,165 | 0.76% | +3,257,900 |
| SAREPTA THERAPEUTICS INC(SRPT) | 210,313 | 349,807 | +139,494 | 3,596,352 | 6,740,781 | 0.67% | +3,144,429 |
| BIOAGE LABS INC(BIOA) | 1,937,123 | 1,880,073 | -57,050 | 8,000,318 | 11,054,829 | 1.09% | +3,054,511 |
| SANOFI SA(SNY) | 10,000 | 74,212 | +64,212 | 483,100 | 3,502,806 | 0.35% | +3,019,706 |
| BRIDGEBIO PHARMA INC(BBIO) | 259,659 | 273,414 | +13,755 | 11,212,076 | 14,201,123 | 1.41% | +2,989,047 |
| IONIS PHARMACEUTICALS INC(IONS) | 148,461 | 133,818 | -14,643 | 5,865,694 | 8,754,374 | 0.87% | +2,888,680 |
| VIKING THERAPEUTICS INC(VKTX) | 67,813 | 175,919 | +108,106 | 1,797,044 | 4,623,151 | 0.46% | +2,826,107 |
| VERONA PHARMA PLC | 28,450 | 51,450 | +23,000 | 2,690,801 | 5,490,230 | 0.54% | +2,799,429 |
| FULCRUM THERAPEUTICS INC | 53,349 | 341,612 | +288,263 | 367,041 | 3,142,830 | 0.31% | +2,775,789 |
| VERTEX PHARMACEUTICALS INC(VRTX) | 0 | 7,000 | +7,000 | 0 | 2,741,480 | 0.27% | +2,741,480 |
| ESTABLISHMENT LABS HLDGS INC(ESTA) | 25,000 | 90,688 | +65,688 | 1,067,750 | 3,717,301 | 0.37% | +2,649,551 |
| AVIDITY BIOSCIENCES INC | 0 | 53,656 | +53,656 | 0 | 2,337,792 | 0.23% | +2,337,792 |
| TAYSHA GENE THERAPIES INC(TSHA) | 3,009,870 | 2,835,680 | -174,190 | 6,952,800 | 9,272,674 | 0.92% | +2,319,874 |
| MASIMO CORP | 0 | 15,000 | +15,000 | 0 | 2,213,250 | 0.22% | +2,213,250 |
| MERUS N V | 18,313 | 33,313 | +15,000 | 963,264 | 3,136,419 | 0.31% | +2,173,155 |
| RHYTHM PHARMACEUTICALS INC(RYTM) | 45,390 | 49,571 | +4,181 | 2,868,194 | 5,006,175 | 0.50% | +2,137,981 |
| MADRIGAL PHARMACEUTICALS INC(MDGL) | 1,054 | 4,895 | +3,841 | 318,983 | 2,245,141 | 0.22% | +1,926,158 |
| BIOGEN INC(BIIB) | 5,100 | 18,000 | +12,900 | 640,509 | 2,521,440 | 0.25% | +1,880,931 |
| SUMMIT THERAPEUTICS INC(SMMT) | 12,000 | 102,969 | +90,969 | 255,360 | 2,127,340 | 0.21% | +1,871,980 |
| ZURA BIO LTD | 997,547 | 652,154 | -345,393 | 1,047,424 | 2,823,827 | 0.28% | +1,776,403 |
| ARCELLX INC | 13,962 | 31,484 | +17,522 | 919,398 | 2,584,836 | 0.26% | +1,665,438 |
| CELLDEX THERAPEUTICS INC NEW(CLDX) | 57,466 | 109,442 | +51,976 | 1,169,433 | 2,831,265 | 0.28% | +1,661,832 |
| MONTE ROSA THERAPEUTICS INC(GLUE) | 0 | 215,752 | +215,752 | 0 | 1,598,722 | 0.16% | +1,598,722 |
| REVOLUTION MEDICINES INC(RVMD) | 134,136 | 139,136 | +5,000 | 4,934,863 | 6,497,651 | 0.64% | +1,562,788 |
| COHEN CIRCLE ACQUISIT CORP I | 0 | 150,000 | +150,000 | 0 | 1,542,000 | 0.15% | +1,542,000 |
| WW INTL INC | 0 | 52,450 | +52,450 | 0 | 1,435,032 | 0.14% | +1,435,032 |
| KINIKSA PHARMACEUTICALS INTL(KNSA) | 56,540 | 75,187 | +18,647 | 1,564,462 | 2,919,511 | 0.29% | +1,355,049 |
| NEWAMSTERDAM PHARMA COMPANY | 112,359 | 114,359 | +2,000 | 2,034,821 | 3,252,370 | 0.32% | +1,217,549 |
| ROCKET PHARMACEUTICALS INC | 275,800 | 575,800 | +300,000 | 675,710 | 1,877,108 | 0.19% | +1,201,398 |
| OMNIAB INC | 326,108 | 1,090,628 | +764,520 | 567,428 | 1,745,005 | 0.17% | +1,177,577 |
| KORRO BIO INC | 68,815 | 40,235 | -28,580 | 859,499 | 1,926,854 | 0.19% | +1,067,355 |
| QUINCE THERAPEUTICS INC | 142,958 | 775,034 | +632,076 | 235,881 | 1,263,305 | 0.13% | +1,027,424 |
| CIDARA THERAPEUTICS INC | 21,522 | 21,522 | 0 | 1,048,337 | 2,060,947 | 0.20% | +1,012,610 |
| MERCK & CO INC(MRK) | 7,040 | 18,540 | +11,500 | 557,286 | 1,556,062 | 0.15% | +998,776 |
| ELECTRONIC ARTS INC(EA) | 0 | 4,936 | +4,936 | 0 | 995,591 | 0.10% | +995,591 |
| BIONTECH SE(BNTX) | 0 | 10,000 | +10,000 | 0 | 986,200 | 0.10% | +986,200 |
| KEEN VISION ACQUISITION CORP(Call) | 0 | 75,000 | +75,000 | 0 | 863,258 | — | +863,258 |
| ARROWHEAD PHARMACEUTICALS IN(ARWR) | 55,200 | 49,800 | -5,400 | 872,160 | 1,717,602 | 0.17% | +845,442 |
| XENCOR INC(XNCR) | 85,826 | 128,865 | +43,039 | 674,592 | 1,511,586 | 0.15% | +836,994 |
| UROGEN PHARMA LTD(URGN)(Call) | 0 | 40,000 | +40,000 | 0 | 798,000 | — | +798,000 |
| ACLARIS THERAPEUTICS INC | 0 | 373,682 | +373,682 | 0 | 709,996 | 0.07% | +709,996 |
| LITE STRATEGY INC | 0 | 292,397 | +292,397 | 0 | 707,601 | 0.07% | +707,601 |
| FULCRUM THERAPEUTICS INC(Call) | 0 | 75,000 | +75,000 | 0 | 690,000 | — | +690,000 |
| SUPERNUS PHARMACEUTICALS INC(SUPN) | 0 | 14,418 | +14,418 | 0 | 689,036 | 0.07% | +689,036 |
| DAYFORCE INC | 0 | 10,000 | +10,000 | 0 | 688,900 | 0.07% | +688,900 |
| MAZE THERAPEUTICS INC(MAZE) | 0 | 26,045 | +26,045 | 0 | 675,347 | 0.07% | +675,347 |
| ALIBABA GROUP HLDG LTD(BABA) | 0 | 3,578 | +3,578 | 0 | 639,496 | 0.06% | +639,496 |
| ARS PHARMACEUTICALS INC | 0 | 59,230 | +59,230 | 0 | 595,262 | 0.06% | +595,262 |
| UROGEN PHARMA LTD(URGN) | 10,000 | 35,000 | +25,000 | 137,000 | 698,250 | 0.07% | +561,250 |
| AMERICAN EXCEPTIONALISM ACQU | 0 | 50,000 | +50,000 | 0 | 546,500 | 0.05% | +546,500 |
| IDEAYA BIOSCIENCES INC(IDYA) | 0 | 20,000 | +20,000 | 0 | 544,200 | 0.05% | +544,200 |
| LENZ THERAPEUTICS INC | 0 | 11,619 | +11,619 | 0 | 541,213 | 0.05% | +541,213 |
| BRIGHTHOUSE FINL INC(BHF) | 0 | 10,000 | +10,000 | 0 | 530,800 | 0.05% | +530,800 |
| GRACE THERAPEUTICS INC | 176,627 | 350,450 | +173,823 | 524,582 | 1,043,290 | 0.10% | +518,708 |
| GLOBA TERRA ACQUISITION COR | 0 | 50,000 | +50,000 | 0 | 508,500 | 0.05% | +508,500 |
| ASSEMBLY BIOSCIENCES INC | 0 | 18,947 | +18,947 | 0 | 485,043 | 0.05% | +485,043 |
| ACUMEN PHARMACEUTICALS INC | 916,183 | 891,183 | -25,000 | 1,062,772 | 1,523,923 | 0.15% | +461,151 |
| INSPIRE MED SYS INC(INSP) | 0 | 6,000 | +6,000 | 0 | 445,200 | 0.04% | +445,200 |
| NOVOCURE LTD(NVCR) | 0 | 34,000 | +34,000 | 0 | 439,280 | 0.04% | +439,280 |
| INTELLIGENT BIO SOLUTIONS IN | 0 | 426,433 | +426,433 | 0 | 434,962 | 0.04% | +434,962 |
| ALKERMES PLC(ALKS) | 45,000 | 56,200 | +11,200 | 1,287,450 | 1,686,000 | 0.17% | +398,550 |
| EA SERIES TRUST | 337,125 | 337,125 | 0 | 37,987,245 | 38,385,053 | 3.80% | +397,808 |
| NOVOCURE LTD(NVCR)(Call) | 0 | 30,000 | +30,000 | 0 | 387,600 | — | +387,600 |
| DELCATH SYS INC | 149,385 | 224,385 | +75,000 | 2,031,636 | 2,412,139 | 0.24% | +380,503 |
| GUARDANT HEALTH INC(GH) | 0 | 6,000 | +6,000 | 0 | 374,880 | 0.04% | +374,880 |
| ELI LILLY & CO(LLY) | 500 | 1,000 | +500 | 389,765 | 763,000 | 0.08% | +373,235 |