| Stock | Company | % Portfolio | Shares Held | Market Value | Change in Shares | % Change | Quarter End Price | Source |
|---|---|---|---|---|---|---|---|---|
| SLNO | Soleno Therapeutics Inc | 12.39% | 2,278,203 | $154,006,523 | -1,680,091 | -42.44% | $67.6 | 13F |
| VRNA | Verona Pharma PLC | 11.97% | 1,393,432 | $148,693,129 | No Change | $106.71 | 13F | |
| CDTX | Cidara Therapeutics, Inc. | 10.11% | 1,311,425 | $125,582,058 | No Change | $95.76 | 13F | |
| TERN | Terns Pharmaceuticals Inc | 4.17% | 6,895,746 | $51,787,052 | No Change | $7.51 | 13F | |
| TRVI | Trevi Therapeutics Inc | 3.75% | 5,094,668 | $46,616,212 | 606,765 | 13.52% | $9.15 | 13F |
| AVDL | Avadel Pharmaceuticals PLC | 3.3% | 2,684,109 | $40,986,344 | No Change | $15.27 | 13F | |
| COGT | Cogent Biosciences Inc | 3.22% | 2,789,137 | $40,052,007 | 1,666,666 | 148.48% | $14.36 | 13F |
| SVA | Sinovac Biotech Ltd. | 3.07% | 5,903,000 | $38,192,410 | No Change | $6.47 | 13F | |
| ORIC | Oric Pharmaceuticals Inc | 3.02% | 3,126,604 | $37,519,248 | No Change | $12 | 13F | |
| GERN | Geron Corp | 3% | 27,225,292 | $37,298,650 | No Change | $1.37 | 13F | |
| CMPX | Compass Therapeutics Inc | 2.69% | 9,545,466 | $33,409,131 | 3,502,000 | 57.95% | $3.5 | 13F |
| DYN | Dyne Therapeutics Inc | 2.66% | 2,614,960 | $33,079,244 | 1,500,000 | 134.53% | $12.65 | 13F |
| ABVX | Abivax SA - ADR | 2.45% | 359,305 | $30,504,995 | 359,305 | New | $84.9 | 13F |
| DRUG | Bright Minds Biosciences Inc | 2.45% | 501,617 | $30,428,087 | 250,045 | 99.39% | $60.66 | 13F |
| TRML | Tourmaline Bio Inc. | 2.28% | 591,882 | $28,309,716 | No Change | $47.83 | 13F | |
| ZBIO | Zenas Biopharma Inc | 2.11% | 1,183,260 | $26,268,372 | No Change | $22.2 | 13F | |
| VSTM | Verastem Inc | 1.88% | 2,644,985 | $23,355,218 | 1,106,524 | 71.92% | $8.83 | 13F |
| SABS | SAB Biotherapeutics Inc | 1.85% | 11,420,000 | $22,954,200 | 11,420,000 | New | $2.01 | 13F |
| VRDN | Viridian Therapeutics Inc | 1.71% | 982,576 | $21,203,990 | No Change | $21.58 | 13F | |
| AKRO | Akero Therapeutics Inc | 1.66% | 434,689 | $20,639,034 | No Change | $47.48 | 13F | |
| ERAS | Erasca Inc | 1.63% | 9,273,428 | $20,216,073 | 2,516,672 | 37.25% | $2.18 | 13F |
| RZLT | Rezolute Inc | 1.6% | 2,112,432 | $19,856,861 | No Change | $9.4 | 13F | |
| ACRS | Aclaris Therapeutics, Inc. | 1.36% | 8,888,888 | $16,888,887 | No Change | $1.9 | 13F | |
| CRVS | Corvus Pharmaceuticals Holdings | 1.33% | 2,234,566 | $16,468,751 | No Change | $7.37 | 13F | |
| OLMA | Olema Pharmaceuticals Inc | 1.19% | 1,505,862 | $14,742,389 | No Change | $9.79 | 13F | |
| DNTH | Dianthus Therapeutics Inc | 1.12% | 353,998 | $13,929,821 | 353,998 | New | $39.35 | 13F |
| LBRX | LB Pharmaceuticals Inc | 1.02% | 800,000 | $12,632,000 | 800,000 | New | $15.79 | 13F |
| CAMP | CAMP4 Therapeutics Inc | 0.95% | 3,921,568 | $11,764,704 | 3,921,568 | New | $3 | 13F |
| ATXS | Astria Therapeutics Inc | 0.91% | 1,552,685 | $11,303,547 | No Change | $7.28 | 13F | |
| PEPG | Pepgen Inc | 0.86% | 2,325,000 | $10,741,500 | 2,325,000 | New | $4.62 | 13F |
| DBVT | DBV Technologies SA | 0.85% | 1,054,506 | $10,545,060 | No Change | $10 | 13F | |
| PRAX | Praxis Precision Medicines | 0.85% | 198,895 | $10,541,435 | 31,295 | 18.67% | $53 | 13F |
| ABEO | Abeona Therapeutics, Inc. | 0.78% | 1,842,751 | $9,729,725 | No Change | $5.28 | 13F | |
| CTMX | Cytomx Therapeutics Inc | 0.74% | 2,884,615 | $9,201,922 | -2,884,615 | -50% | $3.19 | 13F |
| EPRX | Eupraxia Pharmaceuticals Inc | 0.64% | 1,350,000 | $7,965,000 | 1,350,000 | New | $5.9 | 13F |
| UNCY | Unicycive Therapeutics | 0.63% | 1,789,916 | $7,804,034 | 652,901 | 57.42% | $4.36 | 13F |
| MNPR | Monopar Therapeutics Inc | 0.59% | 90,500 | $7,391,135 | 90,500 | New | $81.67 | 13F |
| TNGX | Tango Therapeutics Inc | 0.53% | 776,699 | $6,524,272 | 176,699 | 29.45% | $8.4 | 13F |
| DCTH | Delcath Systems, Inc. | 0.49% | 569,526 | $6,122,405 | No Change | $10.75 | 13F | |
| SLN | Silence Therapeutics PLC | 0.46% | 1,105,454 | $5,737,306 | No Change | $5.19 | 13F | |
| ETNB | 89Bio Inc | 0.45% | 376,804 | $5,539,019 | No Change | $14.7 | 13F | |
| TIL | Instil Bio Inc | 0.42% | 292,743 | $5,228,390 | No Change | $17.86 | 13F | |
| SERA | Sera Prognostics Inc | 0.41% | 1,650,440 | $5,050,346 | No Change | $3.06 | 13F | |
| SRZN | Surrozen Inc | 0.27% | 260,000 | $3,350,100 | No Change | $12.89 | 13F | |
| TENX | Tenax Therapeutics Inc | 0.13% | 208,333 | $1,585,414 | No Change | $7.61 | 13F | |
| BOLT | Bolt Therapeutics Inc | 0.08% | 176,064 | $936,660 | No Change | $5.32 | 13F | |
| DTIL | Precision Biosciences Inc | 0.00208% | 4,675 | $25,806 | No Change | $5.52 | 13F | |
| CELC | Celcuity Inc | -610,500 | Exited | 13F | ||||
| CMPS | Compass Pathway PLC | -3,362,385 | Exited | 13F | ||||
| IOBT | IO Biotech Inc | -6,173,439 | Exited | 13F |