Armistice Capital, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Armistice Capital, LLC reported 194 stock positions worth $4.3 billion. Its top holding was PTC Therapeutics (PTCT) at 6.7% of the portfolio, followed by Supernus Pharmaceuticals (SUPN, 4.1%) and Travere Therapeutics (TVTX, 3.0%). Compared with Q3 2024, it opened 56 new positions, sold out of 90, added to 77 and reduced 56. The biggest buy was Neurocrine Biosciences (NBIX, shares +392%) and the biggest sale Cytokinetics (CYTK, shares −31%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001601086
Portfolio Value
$4.3B (Q4 2024)
SEC Filing
0001315863-25-000182 ↗ filed Feb 14, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $3.8B Q1 2024 Q2 2024: $3.8B Q2 2024 Q3 2024: $3.8B Q3 2024 Q4 2024: $4.3B $4.3B Q4 2024 Q1 2025: $3.7B Q1 2025 Q2 2025: $2.6B Q2 2025 Q3 2025: $3.2B Q3 2025 Q4 2025: $4.1B Q4 2025 Q1 2026: $3.0B Q1 2026 Q2 2026: $3.6B Q2 2026

Holdings 194 stocks · $4.3B
PTCT PTC Therapeutics Inc. 6.70% 6,378,000 $287.9M Reduce -11.8%
SUPN Supernus Pharmaceuticals Inc. 4.07% 4,836,000 $174.9M Reduce -5.1%
TVTX Travere Therapeutics Inc. 2.98% 7,358,000 $128.2M Reduce -3.8%
INCY Incyte Corp. 2.84% 1,767,830 $122.1M Reduce -19.5%
NBIX Neurocrine Biosciences Inc. 2.83% 892,000 $121.8M Add +391.8%
IMVT Immunovant Inc. 2.23% 3,870,586 $95.9M Add +9.1%
EXAS Exact Sciences Corp. 2.11% 1,617,000 $90.9M New
VRTX Vertex Pharmaceuticals Inc. 2.10% 224,016 $90.2M Add +385.6%
ICLR Icon PLC 2.04% 418,112 $87.7M New
GSK GSK PLC-Spon ADR 1.87% 2,378,000 $80.4M Add +353.8%
FIVN FIVE9 Inc. 1.86% 1,970,207 $80.1M Add +5.0%
NARI Inari Medical Inc. 1.86% 1,565,577 $79.9M Reduce -14.1%
HUM Humana Inc. 1.84% 312,000 $79.2M Add +75.2%
ARGX Argenx SE - ADR 1.77% 124,000 $76.3M Reduce -18.4%
GRFS Grifols SA-ADR 1.74% 10,036,000 $74.7M Add +5.2%
AGIO Agios Pharmaceuticals Inc. 1.73% 2,264,304 $74.4M Add +2.6%
BUD Anheuser-Busch Inbev-SPN ADR 1.58% 1,359,000 $68.0M Add +24.4%
XRAY Dentsply Sirona Inc. 1.55% 3,499,628 $66.4M Add +32.2%
PENN Penn Entertainment Inc. 1.52% 3,298,268 $65.4M Add +37.8%
BHVN Biohaven Ltd. 1.45% 1,672,298 $62.5M Add +39.4%
CYTK Cytokinetics Inc. 1.44% 1,312,000 $61.7M Reduce -30.8%
NVO Novo-Nordisk A/S-Spons ADR 1.43% 712,000 $61.2M Add +26.0%
SNY Sanofi-ADR 1.40% 1,248,000 $60.2M Add +115.2%
MDT Medtronic PLC 1.39% 750,164 $59.9M Add +18.0%
AUPH Aurinia Pharmaceuticals Inc. 1.34% 6,400,000 $57.5M Reduce -21.9%
OFIX Orthofix Medical Inc. 1.22% 3,000,000 $52.4M Reduce -20.4%
KURA Kura Oncology Inc. 1.18% 5,800,000 $50.5M Add +118.2%
SPB Spectrum Brands Holdings Inc. 1.13% 575,857 $48.7M Add +16.3%
SMPL The Simply Good Foods Co. 1.08% 1,185,274 $46.2M Reduce -16.0%
TMCI Treace Medical Concepts Inc. 1.08% 6,209,000 $46.2M Add +0.2%
IRWD Ironwood Pharmaceuticals Inc. 0.98% 9,468,000 $41.9M Add +15.5%
S Sentinelone Inc. Class A 0.96% 1,851,178 $41.1M Add +32.9%
AMZN Amazon.com Inc. 0.95% 185,102 $40.6M Add +67.5%
MSFT Microsoft Corp. 0.94% 95,966 $40.4M Add +100.1%
GOOGL Alphabet Inc. Class A 0.93% 211,888 $40.1M Add +69.9%
SAM Boston Beer Company Inc. Class A 0.85% 121,929 $36.6M Add +27.3%
IMCR Immunocore Holdings PLC-ADR 0.82% 1,200,000 $35.4M Reduce -5.1%
ENR Energizer Holdings Inc. 0.80% 989,426 $34.5M Add +181.4%
PRTA Prothena Corp. PLC 0.72% 2,236,000 $31.0M Add +35.5%
MDGL Madrigal Pharmaceuticals Inc. 0.72% 100,000 $30.9M Add +100.3%
GEHC GE Healthcare Technology 0.72% 394,311 $30.8M Add +108.7%
BCYC Bicycle Therapeutics PLC-ADR 0.72% 2,196,000 $30.7M Add +12.3%
VYGR Voyager Therapeutics Inc. 0.71% 5,396,000 $30.6M Add +3.8%
HUBS HubSpot Inc. 0.71% 43,481 $30.3M Add +20.3%
ADBE Adobe Inc. 0.70% 68,012 $30.2M Add +116.7%
MNST Monster Beverage Corp. 0.70% 569,431 $29.9M Add +2966.7%
WDAY Workday Inc. Class A 0.69% 114,706 $29.6M Add +33.1%
SBUX Starbucks Corp. 0.68% 320,126 $29.2M Add +70.2%
NOMD Nomad Foods Ltd. 0.65% 1,674,186 $28.1M Add +391.1%
TOST Toast Inc. Class A 0.65% 767,532 $28.0M Reduce -24.8%
DDOG Datadog Inc. Class A 0.64% 191,787 $27.4M Reduce -26.2%
PFGC Performance Food Group Co. 0.63% 320,144 $27.1M Add +27.9%
CENTA Central Garden and Pet Co. Class A 0.61% 795,761 $26.3M New
ISRG Intuitive Surgical Inc. 0.60% 49,040 $25.6M Reduce -14.4%
SXT Sensient Technologies Corp. 0.58% 350,000 $24.9M Add +19.9%
SHAK Shake Shack Inc. Class A 0.56% 185,496 $24.1M Reduce -59.1%
THS Treehouse Foods Inc. 0.55% 675,440 $23.7M Add +8.6%
CHDN Churchill Downs Inc. 0.55% 175,591 $23.4M Add +130.9%
DYN Dyne Therapeutics Inc. 0.53% 964,518 $22.7M Reduce -16.5%
WH Wyndham Hotels & Resorts Inc. 0.53% 224,629 $22.6M Add +132.3%
IRON Disc Medicine Inc. 0.53% 356,000 $22.6M Add +122.5%
PLNT Planet Fitness Inc. Class A 0.52% 224,946 $22.2M Reduce -18.0%
AUTL Autolus Therapeutics PLC 0.50% 9,200,000 $21.6M Add +33.9%
STAA Staar Surgical Co. 0.49% 872,000 $21.2M Add +75.6%
DPZ Domino's Pizza Inc. 0.49% 49,862 $20.9M Reduce -50.7%
XOM Exxon Mobil Corp. 0.48% 192,456 $20.7M Add +7.9%
MGNX Macrogenics Inc. 0.47% 6,276,000 $20.4M Add +0.3%
UBER Uber Technologies Inc. 0.47% 335,535 $20.2M Add +112.6%
MKC McCormick & Co.-Non VTG SHRS 0.47% 263,137 $20.1M New
REGN Regeneron Pharmaceuticals 0.47% 28,045 $20.0M Add +40.0%
TXRH Texas Roadhouse Inc. 0.46% 110,000 $19.8M Reduce -12.1%
SKX Skechers USA Inc. Class A 0.46% 292,633 $19.7M Add +5.6%
ELF Elf Beauty Inc. 0.45% 154,419 $19.4M New
RIGL Rigel Pharmaceuticals Inc. 0.45% 1,152,000 $19.4M Reduce -25.0%
NVDA Nvidia Corp. 0.39% 124,215 $16.7M Reduce -17.6%
ROST Ross Stores Inc. 0.37% 104,690 $15.8M Reduce -8.4%
NBIS Nebius Group NV 0.36% 560,908 $15.5M New
CKPT Checkpoint Therapeutics Inc. 0.33% 4,460,545 $14.3M Add +14.8%
NVRO Nevro LLC filed as NEVRO CORP 0.32% 3,736,000 $13.9M Add +0.2%
LOW Lowe's Cos Inc. 0.32% 55,157 $13.6M Add +4.0%
SN Sharkninja Inc. 0.31% 137,821 $13.4M New
EW Edwards Lifesciences Corp. 0.29% 169,829 $12.6M Add +2.9%
BJRI Bj's Restaurants Inc. 0.29% 350,000 $12.3M Add +133.3%
SNN Smith & Nephew PLC -Spon ADR 0.28% 494,000 $12.1M Add +120.5%
BLTE Belite Bio Inc. - ADR 0.25% 167,930 $10.6M New
FL Foot Locker Inc. 0.25% 485,000 $10.6M Reduce -25.9%
BILL Bill Holdings Inc. 0.25% 124,291 $10.5M Reduce -39.3%
BABA Alibaba Group Holding-SP ADR 0.24% 124,000 $10.5M New
TMO Thermo Fisher Scientific Inc. 0.24% 20,044 $10.4M Reduce -37.7%
ULTA Ulta Beauty Inc. 0.24% 23,845 $10.4M Reduce -13.0%
AXGN Axogen Inc. 0.24% 613,000 $10.1M Add +53.2%
TSM Taiwan Semiconductor-SP ADR 0.23% 50,000 $9.9M Reduce -33.3%
LEVI Levi Strauss & Co. Class A 0.22% 550,000 $9.5M Reduce -48.6%
ILMN Illumina Inc. 0.22% 70,083 $9.4M Add +883.2%
CPRI Capri Holdings Ltd. 0.21% 435,000 $9.2M New
GKOS Glaukos Corp. 0.21% 58,919 $8.8M New
GB Global Blue Group Holding AG 0.20% 1,214,475 $8.4M No change
CRSP Crispr Therapeutics AG 0.19% 208,000 $8.2M Add +4.0%
ANGO Angiodynamics Inc. 0.19% 872,000 $8.0M Reduce -9.4%
RH RH 0.18% 19,941 $7.8M New
CPNG Coupang Inc. 0.18% 356,872 $7.8M New
CMRX Chimerix Inc. 0.18% 2,236,000 $7.8M Add +1.3%
LVS Las Vegas Sands Corp. 0.18% 149,614 $7.7M Reduce -14.6%
SCLX Scilex Holding Co. 0.18% 17,877,376 $7.6M Add +409.3%
VERA Vera Therapeutics Inc. 0.18% 178,283 $7.5M New
BBY Best Buy Co. Inc. 0.18% 87,677 $7.5M New
TGT Target Corp. 0.17% 55,523 $7.5M Add +22.4%
PATH Uipath Inc. Class A 0.17% 561,907 $7.1M Add +14.5%
FWRG First Watch Restaurant Group 0.16% 375,000 $7.0M New
EAT Brinker International Inc. 0.16% 50,528 $6.7M Reduce -67.0%
NPCE Neuropace Inc. 0.15% 592,614 $6.6M Add +23.5%
AZN Astrazeneca PLC-Spons ADR 0.15% 100,000 $6.6M New
VRCA Verrica Pharmaceuticals Inc. 0.15% 8,921,000 $6.2M New
RMTI Rockwell Medical Inc. 0.14% 3,043,678 $6.2M Reduce -15.0%
CMG Chipotle Mexican Grill Inc. 0.14% 99,869 $6.0M Reduce -71.5%
MURA Mural Oncology PLC 0.13% 1,700,000 $5.5M No change
ORLY O'reilly Automotive Inc. 0.12% 4,515 $5.4M Reduce -31.6%
VNRX Volitionrx Ltd. 0.12% 8,481,895 $5.1M Reduce -5.7%
LW Lamb Weston Holdings Inc. 0.12% 75,733 $5.1M New
SYRE Spyre Therapeutics Inc. 0.11% 200,000 $4.7M Add +47.1%
APLE Apple Hospitality REIT Inc. 0.10% 274,407 $4.2M New
PVH PVH Corp. 0.10% 39,784 $4.2M New
RSI Rush Street Interactive Inc. 0.09% 275,000 $3.8M Reduce -21.4%
ZURA Zura Bio Ltd. 0.09% 1,500,000 $3.8M No change
FIBROGEN INC 0.08% 6,800,000 $3.6M No change
GRPN Groupon Inc. 0.08% 275,000 $3.3M New
ALLURION TECHNOLOGIES INC 0.08% 7,527,400 $3.2M Reduce -3.6%
DNUT Krispy Kreme Inc. 0.08% 325,000 $3.2M New
IPAR Interparfums Inc. 0.07% 24,352 $3.2M New
RDDT Reddit Inc. Class A 0.07% 19,000 $3.1M New
CTM Castellum Inc. 0.07% 1,535,505 $3.1M New
BLMN Bloomin' Brands Inc. 0.07% 250,000 $3.1M Reduce -16.7%
CRBP Corbus Pharmaceuticals Holdi 0.06% 236,000 $2.8M New
ANRO Alto Neuroscience Inc. 0.06% 650,000 $2.7M New
RL Ralph Lauren Corp. 0.06% 11,656 $2.7M New
TOON Kartoon Studios Inc. 0.06% 4,562,000 $2.7M New
ASMB Assembly Biosciences Inc. 0.06% 168,074 $2.7M Reduce -52.5%
ENLV Enlivex Ltd. 0.06% 2,208,000 $2.6M Add +3.2%
5E ADVANCED MATERIALS INC 0.06% 4,006,784 $2.6M Reduce -19.5%
AXDXQ Accelerate Diagnostics Inc. 0.06% 2,078,000 $2.5M Reduce -1.1%
REVIVA PHARMACEUTCLS HLDGS I 0.06% 1,364,000 $2.5M Reduce -57.2%
LIVN Livanova PLC 0.06% 53,000 $2.5M Reduce -68.9%
ARAY Accuray Inc. 0.06% 1,236,000 $2.4M Add +147.2%
PMN Promis Neurosciences Inc. 0.06% 2,509,977 $2.4M Reduce -6.0%
PTN Palatin Technologies Inc. 0.05% 1,992,826 $2.2M New
GOOS Canada Goose Holdings Inc. 0.05% 215,000 $2.2M Reduce -49.6%
SPOT Spotify Technology SA 0.05% 4,783 $2.1M New
SPHERE 3D CORP 0.05% 2,174,000 $2.1M New
ZGN Ermenegildo Zegna NV 0.05% 242,000 $2.0M No change
APP AppLovin Corp. Class A 0.05% 6,146 $2.0M New
INTS Intensity Therapeutics Inc. 0.05% 1,126,868 $2.0M New
DPRO Draganfly Inc. 0.04% 480,794 $1.9M New
ARQQ Arqit Quantum Inc. 0.04% 47,000 $1.8M New
MNTS Momentus Inc. 0.04% 217,259 $1.7M New
FDMT 4D Molecular Therapeutics Inc. 0.04% 300,000 $1.7M Reduce -10.7%
BTAIQ Bioxcel Therapeutics Inc. 0.04% 4,315,000 $1.6M New
MTVA Metavia Inc. 0.03% 728,637 $1.5M Reduce -14.1%
SIG Signet Jewelers Ltd. 0.03% 14,808 $1.2M New
AISP Airship AI Holdings Inc. 0.03% 178,822 $1.1M Reduce -86.2%
SRZN Surrozen Inc. 0.03% 75,694 $1.1M Reduce -45.5%
EKSO BIONICS HOLDINGS INC 0.02% 1,725,649 $1.1M Reduce -20.4%
LEXX Lexaria Bioscience Corp. 0.02% 460,000 $966K New
QUCY Quantum Cyber NV filed as MAINZ BIOMED N V 0.02% 222,000 $959K New
NKTR Nektar Therapeutics 0.02% 1,024,000 $952K Add +2.4%
HCW BIOLOGICS INC 0.02% 2,023,664 $903K New
LM FDG AMER INC 0.02% 368,000 $791K Add +32.9%
ORGANOVO HOLDINGS INC 0.02% 1,638,645 $754K Add +34.5%
MBIO Mustang Bio Inc. 0.01% 3,606,543 $638K New
PROFESSIONAL DIVERSITY NETWO 0.01% 1,118,962 $559K New
EVGN Evogene Ltd. 0.01% 298,281 $558K Add +53.2%
MBRX Moleculin Biotech Inc. 0.01% 317,586 $540K Add +9.5%
COSM Cosmos Health Inc. 0.01% 748,826 $501K Reduce -54.9%
AWHL Aspira Women's Health Inc. 0.01% 710,000 $501K Reduce -43.5%
INSP Inspire Medical Systems Inc. 0.01% 2,500 $463K New
WEARABLE DEVICES LTD SHS 0.01% 186,000 $405K New
QUOIN PHARMACEUTICALS LTD 0.01% 530,000 $345K New
EDIBLE GARDEN AG INC 0.01% 931,550 $299K Add +151.8%
XRTX Xortx Therapeutics Inc. 0.01% 265,000 $299K New
BPTH Bio-Path Holdings Inc. 0.01% 237,561 $276K New
STEAKHOLDER FOODS LTD 0.01% 155,350 $266K Add +158.5%
SHUTTLE PHARMACTCLS HLDGS IN 0.01% 306,057 $263K New
AYTU Aytu Biopharma Inc. 0.01% 150,000 $255K Reduce -36.4%
CRIS Curis Inc. 0.01% 76,000 $233K New
CYCLACEL PHARMACEUTICALS INC 0.01% 580,461 $218K Add +300.3%
KTTA Pasithea Therapeutics Corp. 0.00% 61,000 $192K New
PALI Palisade Bio Inc. 0.00% 105,367 $174K Add +102.6%
VINCERX PHARMA INC 0.00% 567,011 $149K Reduce -79.0%
60 DEGREES PHARMACEUTICALS I 0.00% 98,934 $128K New
EVAX Evaxion Biotech A/S 0.00% 150,462 $127K Reduce -68.8%
NANOVIBRONIX INC 0.00% 189,300 $112K Reduce -32.1%
NXTC Nextcure Inc. 0.00% 104,000 $80K Add +4.0%
CATHETER PRECISION INC 0.00% 129,165 $58K Add +258.8%
DRMA Dermata Therapeutics Inc. 0.00% 27,200 $37K New
SNAX Stryve Foods Inc. Class A 0.00% 35,139 $23K New

Options reported separately and not counted above: IWM puts ($1.5B), SPY puts ($1.5B), IMVT calls ($33.4M), CYTK calls ($28.7M).

Other holdings (33): bonds, preferreds, convertibles and warrants · $3.7M (not counted above)
SecurityClassShares / PrincipalValueChange
MTEKW Maris - Tech Ltd. -23 *W EXP 02/04/202 1,261,058$1.3MNo change
GROY.WS Gold Royalty Corp. -29 *W EXP 05/31/202 2,200,000$561KNo change
NXGLW Nexgel Inc. -CW26 *W EXP 12/27/202 550,000$413KNo change
BEATW Heartbeam Inc.-CW26 *W EXP 10/31/202 500,000$324KNo change
MOBBW Mobilicom Ltd. -27 *W EXP 08/31/202 242,100$194KNo change
LCFYW Locafy Ltd.-CW27 *W EXP 03/29/202 12,121$189KNo change
ONFOW Onfolio Holdings Inc. -27 *W EXP 01/02/202 400,000$120KNo change
NXLIW Nexalin Technology Inc.- 27 *W EXP 99/99/999 325,000$114KNo change
BCTXW Briacell Therapeutics -CW27 *W EXP 02/26/202 375,000$109KNo change
APCXW Apptech -CW26 *W EXP 01/04/202 715,000$86KNo change
FGIWW Fgi Industries Ltd. -23 *W EXP 99/99/999 933,333$75KNo change
SQFTW Presidio Property TRST -CW27 *W EXP 01/24/202 2,000,000$70KNo change
BIAFW Bioaffinity Technologiew-27 *W EXP 09/07/202 204,082$69KNo change
RVSNW Rail Vision Ltd.-CW27 *W EXP 03/27/202 136,187$39KNo change
SBEVW Splash Beverage Group -CW *W EXP 06/15/202 904,000$17KNo change
SWAGW Stran & Co. -CW26 *W EXP 99/99/999 545,000$7KNo change
IVDAW Iveda Solutions Inc. -CW27 *W EXP 04/01/202 18,125$4KNo change
SKYAW Sharps Technology Inc. -27 *W EXP 04/13/202 53,454$2KReduce -95.5%
KTTAW Pasithea Therapeutics -CW26 *W EXP 08/12/202 50,000$2KNo change
ACONW Aclarion Inc. -CW27 *W EXP 04/21/202 34,375$688No change
BNCWW Cea Industries Inc. -CW27 *W EXP 02/11/202 58,333$583No change
TNONW Tenon Medical Inc.-28 *W EXP 06/16/202 22,250$287No change
SVREW Saverone 2014 Ltd. -CW27 *W EXP 06/02/202 13,450$269Reduce -94.4%
AIMDW Ainos Inc. - 27 *W EXP 07/29/202 5,000$249New
DFSCW Kwesst Micro Systems Inc.-27 *W EXP 09/01/202 12,000$247Reduce -90.0%
NLSPW NLS Pharmaceutics Ltd. -CW25 *W EXP 02/02/202 12,500$163No change
NEXRW Jeffs Brands Ltd. -27 *W EXP 08/26/202 5,284$158Reduce -92.3%
HSCSW Heart Test Laboratories-CW27 *W EXP 06/15/202 3,529$106New
CINGW Cingulate -CW23 *W EXP 12/10/202 1,708$88New
EDBLW Edible Garden AG Inc.-CW27 *W EXP 99/99/999 1,334$47New
AREBW American Rebel Holdings -23 *W EXP 01/20/202 2,142$27New
DRMAW Dermata Therapeutics -CW26 *W EXP 99/99/999 1,354$14New
TCBWF TC Biopharm Holdings Ltd. *W EXP 02/10/202 188$2New

Total filed on the 13F, all lines: $4.3B.

Portfolio Sells Q3 2024 → Q4 2024
CYTK Cytokinetics Inc. Reduce -30.8% 1.44% −1.18
ALKS Alkermes PLC Sold out 0.00% −1.06
INCY Incyte Corp. Reduce -19.5% 2.84% −0.96
SHAK Shake Shack Inc. Class A Reduce -59.1% 0.56% −0.67
DOCU Docusign Inc. Sold out 0.00% −0.65
DPZ Domino's Pizza Inc. Reduce -50.7% 0.49% −0.65
DYN Dyne Therapeutics Inc. Reduce -16.5% 0.53% −0.56
PARAA Paramount Global Class B Sold out 0.00% −0.56
MRK Merck & Co. Inc. Sold out 0.00% −0.54
TFX Teleflex Inc. Sold out 0.00% −0.50
EL Estee Lauder Companies Class A Sold out 0.00% −0.48
FRPT Freshpet Inc. Sold out 0.00% −0.45
CPB The Campbell's Company Sold out 0.00% −0.43
LEVI Levi Strauss & Co. Class A Reduce -48.6% 0.22% −0.39
CMG Chipotle Mexican Grill Inc. Reduce -71.5% 0.14% −0.39
ARGX Argenx SE - ADR Reduce -18.4% 1.77% −0.38
RVTY Revvity Inc. Sold out 0.00% −0.36
PTCT PTC Therapeutics Inc. Reduce -11.8% 6.70% −0.32
OFIX Orthofix Medical Inc. Reduce -20.4% 1.22% −0.32
HELE Helen of Troy Ltd. Sold out 0.00% −0.30
TMO Thermo Fisher Scientific Inc. Reduce -37.7% 0.24% −0.28
ENTA Enanta Pharmaceuticals Inc. Sold out 0.00% −0.27
WYNN WYNN Resorts Ltd. Sold out 0.00% −0.25
XNCR Xencor Inc. Sold out 0.00% −0.25
AUPH Aurinia Pharmaceuticals Inc. Reduce -21.9% 1.34% −0.24
RMTI Rockwell Medical Inc. Reduce -15.0% 0.14% −0.23
COTY Coty Inc. Class A Sold out 0.00% −0.22
SMPL The Simply Good Foods Co. Reduce -16.0% 1.08% −0.21
IMCR Immunocore Holdings PLC-ADR Reduce -5.1% 0.82% −0.21
RIGL Rigel Pharmaceuticals Inc. Reduce -25.0% 0.45% −0.20
FL Foot Locker Inc. Reduce -25.9% 0.25% −0.20
ALC Alcon Inc. Sold out 0.00% −0.19
LIVN Livanova PLC Reduce -68.9% 0.06% −0.18
ELDN Eledon Pharmaceuticals Inc. Sold out 0.00% −0.15
CRVO Cervomed Inc. Sold out 0.00% −0.15
EOLS Evolus Inc. Sold out 0.00% −0.15
EAT Brinker International Inc. Reduce -67.0% 0.16% −0.15
RANI Rani Therapeutics Holdings Class A Sold out 0.00% −0.15
DDOG Datadog Inc. Class A Reduce -26.2% 0.64% −0.14
CROX Crocs Inc. Sold out 0.00% −0.14
ISRG Intuitive Surgical Inc. Reduce -14.4% 0.60% −0.14
ETSY Etsy Inc. Sold out 0.00% −0.13
DANIMER SCIENTIFIC INC Sold out 0.00% −0.13
BSX Boston Scientific Corp. Sold out 0.00% −0.12
TXRH Texas Roadhouse Inc. Reduce -12.1% 0.46% −0.12
EYENOVIA INC Sold out 0.00% −0.12
TSM Taiwan Semiconductor-SP ADR Reduce -33.3% 0.23% −0.11
VSTM Verastem Inc. Sold out 0.00% −0.11
NARI Inari Medical Inc. Reduce -14.1% 1.86% −0.11
TOST Toast Inc. Class A Reduce -24.8% 0.65% −0.10

Portfolio Buys Q3 2024 → Q4 2024
NBIX Neurocrine Biosciences Inc. Add +391.8% 2.83% +2.29
EXAS Exact Sciences Corp. New 2.11% +2.11
ICLR Icon PLC New 2.04% +2.04
VRTX Vertex Pharmaceuticals Inc. Add +385.6% 2.10% +1.54
GSK GSK PLC-Spon ADR Add +353.8% 1.87% +1.31
MNST Monster Beverage Corp. Add +2966.7% 0.70% +0.67
CENTA Central Garden and Pet Co. Class A New 0.61% +0.61
SNY Sanofi-ADR Add +115.2% 1.40% +0.53
ENR Energizer Holdings Inc. Add +181.4% 0.80% +0.51
NOMD Nomad Foods Ltd. Add +391.1% 0.65% +0.48
MKC McCormick & Co.-Non VTG SHRS New 0.47% +0.47
FIVN FIVE9 Inc. Add +5.0% 1.86% +0.45
ELF Elf Beauty Inc. New 0.45% +0.45
MDGL Madrigal Pharmaceuticals Inc. Add +100.3% 0.72% +0.44
AMZN Amazon.com Inc. Add +67.5% 0.95% +0.41
MSFT Microsoft Corp. Add +100.1% 0.94% +0.40
GOOGL Alphabet Inc. Class A Add +69.9% 0.93% +0.39
HUM Humana Inc. Add +75.2% 1.84% +0.37
NBIS Nebius Group NV New 0.36% +0.36
PENN Penn Entertainment Inc. Add +37.8% 1.52% +0.34
WH Wyndham Hotels & Resorts Inc. Add +132.3% 0.53% +0.33
IRON Disc Medicine Inc. Add +122.5% 0.53% +0.32
SN Sharkninja Inc. New 0.31% +0.31
ADBE Adobe Inc. Add +116.7% 0.70% +0.28
CHDN Churchill Downs Inc. Add +130.9% 0.55% +0.28
GEHC GE Healthcare Technology Add +108.7% 0.72% +0.25
BLTE Belite Bio Inc. - ADR New 0.25% +0.25
BABA Alibaba Group Holding-SP ADR New 0.24% +0.24
CPRI Capri Holdings Ltd. New 0.21% +0.21
GKOS Glaukos Corp. New 0.21% +0.21
HUBS HubSpot Inc. Add +20.3% 0.71% +0.20
SBUX Starbucks Corp. Add +70.2% 0.68% +0.20
ILMN Illumina Inc. Add +883.2% 0.22% +0.19
RH RH New 0.18% +0.18
CPNG Coupang Inc. New 0.18% +0.18
VERA Vera Therapeutics Inc. New 0.18% +0.18
BBY Best Buy Co. Inc. New 0.18% +0.18
FWRG First Watch Restaurant Group New 0.16% +0.16
UBER Uber Technologies Inc. Add +112.6% 0.47% +0.16
BJRI Bj's Restaurants Inc. Add +133.3% 0.29% +0.16
AZN Astrazeneca PLC-Spons ADR New 0.15% +0.15
VRCA Verrica Pharmaceuticals Inc. New 0.15% +0.15
WDAY Workday Inc. Class A Add +33.1% 0.69% +0.14
TMCI Treace Medical Concepts Inc. Add +0.2% 1.08% +0.13
CMRX Chimerix Inc. Add +1.3% 0.18% +0.13
SAM Boston Beer Company Inc. Class A Add +27.3% 0.85% +0.13
LW Lamb Weston Holdings Inc. New 0.12% +0.12
PFGC Performance Food Group Co. Add +27.9% 0.63% +0.12
CKPT Checkpoint Therapeutics Inc. Add +14.8% 0.33% +0.10
SNN Smith & Nephew PLC -Spon ADR Add +120.5% 0.28% +0.10

Options Activity Q3 2024 → Q4 2024
IWM iShares Russell 2000 ETF put Add +30.8% 6,800,000 $1.5B
SPY SS SPDR S&P 500 ETF Trust-US put Add +25.0% 2,500,000 $1.5B
IMVT Immunovant Inc. call Add +132.8% 1,350,000 $33.4M
CYTK Cytokinetics Inc. call Reduce -72.3% 610,000 $28.7M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q3 2024 → Q4 2024
SKYAW Sharps Technology Inc. -27 *W EXP 04/13/202 Reduce -95.5% 53,454 $2K
SVREW Saverone 2014 Ltd. -CW27 *W EXP 06/02/202 Reduce -94.4% 13,450 $269
AIMDW Ainos Inc. - 27 *W EXP 07/29/202 New 5,000 $249
DFSCW Kwesst Micro Systems Inc.-27 *W EXP 09/01/202 Reduce -90.0% 12,000 $247
NEXRW Jeffs Brands Ltd. -27 *W EXP 08/26/202 Reduce -92.3% 5,284 $158
HSCSW Heart Test Laboratories-CW27 *W EXP 06/15/202 New 3,529 $106
CINGW Cingulate -CW23 *W EXP 12/10/202 New 1,708 $88
EDBLW Edible Garden AG Inc.-CW27 *W EXP 99/99/999 New 1,334 $47
AREBW American Rebel Holdings -23 *W EXP 01/20/202 New 2,142 $27
DRMAW Dermata Therapeutics -CW26 *W EXP 99/99/999 New 1,354 $14
TCBWF TC Biopharm Holdings Ltd. *W EXP 02/10/202 New 188 $2

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 305$3.6BMDGL, SUPN, CYTK, INCY, NBIX
Q1 2026 235$3.0BTVTX, PTCT, MDGL, SUPN, NBIX
Q4 2025 341$4.1BPTCT, MDGL, IMVT, TVTX, SUPN
Q3 2025 305$3.2BPTCT, TVTX, SUPN, INCY, NBIX
Q2 2025 179$2.6BPTCT, SUPN, TVTX, INCY, NBIX
Q1 2025 199$3.7BPTCT, SUPN, TVTX, NBIX, INCY
Q4 2024 194$4.3BPTCT, SUPN, TVTX, INCY, NBIX
Q3 2024 228$3.8BPTCT, SUPN, INCY, TVTX, IMVT
Q2 2024 221$3.8BPTCT, SUPN, NBIX, CYTK, INCY
Q1 2024 300$3.8BPTCT, NBIX, INCY, SUPN, CYTK