Armistice Capital, LLC

Name: ARMISTICE CAPITAL, LLC 13F holdings, Q1 2025
Creator: ARMISTICE CAPITAL, LLC
Published: 2025-05-15

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Armistice Capital, LLC reported 199 stock positions worth $3.7 billion. Its top holding was PTC Therapeutics (PTCT) at 7.4% of the portfolio, followed by Supernus Pharmaceuticals (SUPN, 4.5%) and Travere Therapeutics (TVTX, 4.3%). Compared with Q4 2024, it opened 64 new positions, sold out of 59, added to 73 and reduced 59. The biggest buy was a new position in Freshpet (FRPT) and the biggest sale an exit from Inari Medical (NARI).

Most Recent 13F: Q2 2026
Location: NEW YORK, NY
CIK: 0001601086
Portfolio Value: $3.7B (Q1 2025)
SEC Filing: 0001315863-25-000403 ↗ filed May 15, 2025

Holdings Value

Holdings 199 stocks · $3.7B


PTCT PTC Therapeutics Inc.	7.41%	5,434,843	$277.0M	Reduce -14.8%
SUPN Supernus Pharmaceuticals Inc.	4.55%	5,196,000	$170.2M	Add +7.4%
TVTX Travere Therapeutics Inc.	4.25%	8,872,000	$159.0M	Add +20.6%
NBIX Neurocrine Biosciences Inc.	2.96%	1,000,190	$110.6M	Add +12.1%
INCY Incyte Corp.	2.71%	1,671,463	$101.2M	Reduce -5.5%
IMVT Immunovant Inc.	2.06%	4,500,000	$76.9M	Add +16.3%
EXAS Exact Sciences Corp.	2.05%	1,772,369	$76.7M	Add +9.6%
REGN Regeneron Pharmaceuticals	1.93%	114,073	$72.3M	Add +306.8%
GRFS Grifols SA-ADR	1.76%	9,278,000	$66.0M	Reduce -7.5%
AGIO Agios Pharmaceuticals Inc.	1.60%	2,048,000	$60.0M	Reduce -9.6%
FRPT Freshpet Inc.	1.59%	716,960	$59.6M	New
ARGX Argenx SE - ADR	1.55%	98,000	$58.0M	Reduce -21.0%
FIVN FIVE9 Inc.	1.52%	2,098,000	$57.0M	Add +6.5%
STAA Staar Surgical Co.	1.41%	3,000,000	$52.9M	Add +244.0%
TMCI Treace Medical Concepts Inc.	1.39%	6,211,000	$52.1M	Add +0.0%
PENN Penn Entertainment Inc.	1.35%	3,086,057	$50.3M	Reduce -6.4%
SAM Boston Beer Company Inc. Class A	1.34%	210,553	$50.3M	Add +72.7%
AMZN Amazon.com Inc.	1.34%	264,126	$50.3M	Add +42.7%
SNN Smith & Nephew PLC -Spon ADR	1.34%	1,769,000	$50.2M	Add +258.1%
MSFT Microsoft Corp.	1.32%	132,000	$49.6M	Add +37.5%
SPB Spectrum Brands Holdings Inc.	1.32%	691,000	$49.4M	Add +20.0%
MDT Medtronic PLC	1.30%	541,237	$48.6M	Reduce -27.9%
OFIX Orthofix Medical Inc.	1.29%	2,964,000	$48.3M	Reduce -1.2%
SMPL The Simply Good Foods Co.	1.25%	1,351,593	$46.6M	Add +14.0%
GOOGL Alphabet Inc. Class A	1.23%	297,000	$45.9M	Add +40.2%
MDGL Madrigal Pharmaceuticals Inc.	1.20%	135,883	$45.0M	Add +35.9%
XRAY Dentsply Sirona Inc.	1.20%	3,000,148	$44.8M	Reduce -14.3%
KURA Kura Oncology Inc.	1.16%	6,572,000	$43.4M	Add +13.3%
ADBE Adobe Inc.	1.14%	111,200	$42.6M	Add +63.5%
DPZ Domino's Pizza Inc.	1.11%	90,068	$41.4M	Add +80.6%
CYTK Cytokinetics Inc.	1.10%	1,023,390	$41.1M	Reduce -22.0%
SXT Sensient Technologies Corp.	1.09%	549,827	$40.9M	Add +57.1%
BHVN Biohaven Ltd.	1.08%	1,673,422	$40.2M	Add +0.1%
AUPH Aurinia Pharmaceuticals Inc.	1.07%	5,000,000	$40.2M	Reduce -21.9%
KDP Keurig Dr Pepper Inc.	1.01%	1,099,716	$37.6M	New
S Sentinelone Inc. Class A	0.91%	1,865,801	$33.9M	Add +0.8%
ENR Energizer Holdings Inc.	0.90%	1,128,144	$33.8M	Add +14.0%
PLNT Planet Fitness Inc. Class A	0.90%	347,558	$33.6M	Add +54.5%
CENTA Central Garden and Pet Co. Class A	0.90%	1,025,085	$33.6M	Add +28.8%
MRK Merck & Co. Inc.	0.78%	324,039	$29.1M	New
SNY Sanofi-ADR	0.78%	524,000	$29.1M	Reduce -58.0%
IMCR Immunocore Holdings PLC-ADR	0.78%	978,000	$29.0M	Reduce -18.5%
DYN Dyne Therapeutics Inc.	0.77%	2,768,000	$29.0M	Add +187.0%
AVNS Avanos Medical Inc.	0.77%	2,000,000	$28.7M	New
TOST Toast Inc. Class A	0.77%	863,723	$28.6M	Add +12.5%
TXRH Texas Roadhouse Inc.	0.73%	164,701	$27.4M	Add +49.7%
RIGL Rigel Pharmaceuticals Inc.	0.73%	1,516,000	$27.3M	Add +31.6%
PRTA Prothena Corp. PLC	0.73%	2,196,000	$27.2M	Reduce -1.8%
PFGC Performance Food Group Co.	0.68%	325,691	$25.6M	Add +1.7%
SHAK Shake Shack Inc. Class A	0.67%	285,021	$25.1M	Add +53.6%
GEHC GE Healthcare Technology	0.65%	303,060	$24.5M	Reduce -23.1%
WDAY Workday Inc. Class A	0.65%	103,886	$24.3M	Reduce -9.4%
VRTX Vertex Pharmaceuticals Inc.	0.65%	50,000	$24.2M	Reduce -77.7%
DDOG Datadog Inc. Class A	0.64%	240,000	$23.8M	Add +25.1%
BCYC Bicycle Therapeutics PLC-ADR	0.61%	2,672,000	$22.7M	Add +21.7%
IRON Disc Medicine Inc.	0.58%	436,000	$21.6M	Add +22.5%
NOMD Nomad Foods Ltd.	0.54%	1,025,064	$20.1M	Reduce -38.8%
IRWD Ironwood Pharmaceuticals Inc.	0.54%	13,700,000	$20.1M	Add +44.7%
HELE Helen of Troy Ltd.	0.53%	371,000	$19.8M	New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC	0.53%	299,157	$19.7M	New
ANGO Angiodynamics Inc.	0.53%	2,094,000	$19.7M	Add +140.1%
CHDN Churchill Downs Inc.	0.52%	175,308	$19.5M	Reduce -0.2%
TRVI Trevi Therapeutics Inc.	0.50%	2,988,000	$18.8M	New
PATH Uipath Inc. Class A	0.50%	1,799,689	$18.5M	Add +220.3%
VYGR Voyager Therapeutics Inc.	0.49%	5,436,000	$18.4M	Add +0.7%
WH Wyndham Hotels & Resorts Inc.	0.48%	199,983	$18.1M	Reduce -11.0%
SN Sharkninja Inc.	0.47%	210,359	$17.5M	Add +52.6%
ICLR Icon PLC	0.47%	100,052	$17.5M	Reduce -76.1%
UBER Uber Technologies Inc.	0.46%	235,747	$17.2M	Reduce -29.7%
AUTL Autolus Therapeutics PLC	0.46%	11,000,000	$17.1M	Add +19.6%
RH RH	0.45%	72,566	$17.0M	Add +263.9%
SKX Skechers USA Inc. Class A	0.45%	295,340	$16.8M	Add +0.9%
DHR Danaher Corp.	0.44%	80,992	$16.6M	New
HUM Humana Inc.	0.40%	56,023	$14.8M	Reduce -82.0%
XOM Exxon Mobil Corp.	0.39%	123,266	$14.7M	Reduce -36.0%
GSK GSK PLC-Spon ADR	0.39%	378,000	$14.6M	Reduce -84.1%
EAT Brinker International Inc.	0.39%	97,734	$14.6M	Add +93.4%
ISRG Intuitive Surgical Inc.	0.38%	29,058	$14.4M	Reduce -40.8%
NPCE Neuropace Inc.	0.38%	1,153,614	$14.2M	Add +94.7%
DRI Darden Restaurants Inc.	0.34%	61,578	$12.8M	New
GMED Globus Medical Inc. Class A	0.34%	172,823	$12.7M	New
MCD McDonald's Corp.	0.33%	40,000	$12.5M	New
NBIS Nebius Group NV	0.32%	568,092	$12.0M	Add +1.3%
DT Dynatrace Inc.	0.32%	250,000	$11.8M	New
NVDA Nvidia Corp.	0.31%	106,110	$11.5M	Reduce -14.6%
NKE Nike Inc. Class B	0.29%	173,451	$11.0M	New
TSM Taiwan Semiconductor-SP ADR	0.28%	62,000	$10.3M	Add +24.0%
AXGN Axogen Inc.	0.27%	538,278	$10.0M	Reduce -12.2%
ROST Ross Stores Inc.	0.26%	74,686	$9.5M	Reduce -28.7%
DECK Deckers Outdoor Corp.	0.24%	81,486	$9.1M	New
APP AppLovin Corp. Class A	0.23%	33,138	$8.8M	Add +439.2%
MGNX Macrogenics Inc.	0.21%	6,296,000	$8.0M	Add +0.3%
MDB Mongodb Inc.	0.21%	44,965	$7.9M	New
YUM Yum! Brands Inc.	0.21%	49,452	$7.8M	New
NVO Novo-Nordisk A/S-Spons ADR	0.20%	108,000	$7.5M	Reduce -84.8%
ZETA Zeta Global Holdings Corp. Class A	0.19%	535,787	$7.3M	New
VERA Vera Therapeutics Inc.	0.19%	300,000	$7.2M	Add +68.3%
BILL Bill Holdings Inc.	0.19%	156,447	$7.2M	Add +25.9%
HUBS HubSpot Inc.	0.18%	12,037	$6.9M	Reduce -72.3%
CNTA Centessa Pharmaceuticals Ltd.	0.18%	468,000	$6.7M	New
ORLY O'reilly Automotive Inc.	0.16%	4,149	$5.9M	Reduce -8.1%
MUSA Murphy USA Inc.	0.16%	12,408	$5.8M	New
CPNG Coupang Inc.	0.15%	264,375	$5.8M	Reduce -25.9%
CMG Chipotle Mexican Grill Inc.	0.15%	114,000	$5.7M	Add +14.2%
PFE Pfizer Inc.	0.14%	211,740	$5.4M	New
BBY Best Buy Co. Inc.	0.14%	72,144	$5.3M	Reduce -17.7%
PDSB PDS Biotechnology Corp.	0.14%	4,419,000	$5.3M	New
LOW Lowe's Cos Inc.	0.14%	22,147	$5.2M	Reduce -59.9%
BSX Boston Scientific Corp.	0.13%	49,762	$5.0M	New
SHW The Sherwin-Williams Co.	0.13%	14,018	$4.9M	New
MDCX Medicus Pharma Ltd.	0.13%	1,266,000	$4.7M	New
VNRX Volitionrx Ltd.	0.13%	8,206,430	$4.7M	Reduce -3.3%
LVS Las Vegas Sands Corp.	0.12%	120,822	$4.7M	Reduce -19.2%
EW Edwards Lifesciences Corp.	0.12%	62,995	$4.6M	Reduce -62.9%
ARAY Accuray Inc.	0.12%	2,536,000	$4.5M	Add +105.2%
MGNI Magnite Inc.	0.12%	389,000	$4.4M	New
VRNA Verona Pharma Ltd.	0.12%	68,201	$4.3M	New
LEN Lennar Corp. Class A	0.11%	35,000	$4.0M	New
FERG Ferguson Enterprises Inc.	0.10%	24,000	$3.8M	New
VRCA Verrica Pharmaceuticals Inc.	0.10%	8,567,400	$3.8M	Reduce -4.0%
RDDT Reddit Inc. Class A	0.10%	36,000	$3.8M	Add +89.5%
ULTA Ulta Beauty Inc.	0.10%	10,236	$3.8M	Reduce -57.1%
CBUS Cibus Inc.	0.10%	1,948,000	$3.6M	New
RXST Rxsight Inc.	0.10%	142,036	$3.6M	New
ANRO Alto Neuroscience Inc.	0.09%	1,600,000	$3.5M	Add +146.2%
LEVI Levi Strauss & Co. Class A	0.09%	220,000	$3.4M	Reduce -60.0%
SCLX Scilex Holding Co.	0.09%	13,792,000	$3.4M	Reduce -22.9%
SYRE Spyre Therapeutics Inc.	0.09%	200,000	$3.2M	No change
AS Amer Sports Inc.	0.08%	108,994	$2.9M	New
SPOT Spotify Technology SA	0.07%	5,059	$2.8M	Add +5.8%
RMTI Rockwell Medical Inc.	0.07%	2,366,144	$2.7M	Reduce -22.3%
CPRI Capri Holdings Ltd.	0.07%	135,000	$2.7M	Reduce -69.0%
FIBROGEN INC	0.07%	8,500,000	$2.6M	Add +25.0%
NTLA Intellia Therapeutics Inc.	0.07%	364,000	$2.6M	New
NB Niocorp Developments Ltd.	0.07%	1,306,273	$2.6M	New
TOON Kartoon Studios Inc.	0.07%	4,095,934	$2.5M	Reduce -10.2%
SPCB Supercom Ltd.	0.06%	363,470	$2.4M	New
VSXY Victoria's Secret & Co.	0.06%	120,000	$2.2M	New
CRIS Curis Inc.	0.06%	1,033,368	$2.2M	Add +1259.7%
MURA Mural Oncology PLC	0.06%	1,722,000	$2.2M	Add +1.3%
MACKENZIE RLTY CAP INC	0.06%	1,445,735	$2.2M	New
STARDUST PWR INC	0.06%	4,526,000	$2.1M	New
TGT Target Corp.	0.06%	19,733	$2.1M	Reduce -64.5%
ZURA Zura Bio Ltd.	0.05%	1,536,000	$2.0M	Add +2.4%
CLDI Calidi Biotherapeutics Inc.	0.05%	3,322,000	$1.9M	New
AZN Astrazeneca PLC-Spons ADR	0.05%	24,000	$1.8M	Reduce -76.0%
ENLV Enlivex Ltd.	0.05%	1,781,931	$1.7M	Reduce -19.3%
INTS Intensity Therapeutics Inc.	0.05%	872,547	$1.7M	Reduce -22.6%
BJRI Bj's Restaurants Inc.	0.05%	50,000	$1.7M	Reduce -85.7%
PMN Promis Neurosciences Inc.	0.04%	2,334,826	$1.6M	Reduce -7.0%
CRBP Corbus Pharmaceuticals Holdi	0.04%	250,000	$1.3M	Add +5.9%
AXDXQ Accelerate Diagnostics Inc.	0.04%	1,879,227	$1.3M	Reduce -9.6%
KAPA Kairos Pharma Ltd.	0.04%	1,404,000	$1.3M	New
MBRX Moleculin Biotech Inc.	0.03%	1,250,000	$1.2M	Add +293.6%
OXBR Oxbridge Re Holdings Ltd.	0.03%	622,165	$1.2M	New
KMX Carmax Inc.	0.03%	14,980	$1.2M	New
WKSP Worksport Ltd.	0.03%	360,501	$1.1M	New
CVNA Carvana Co.	0.03%	5,055	$1.1M	New
SEASTAR MEDICAL HOLDING CORP	0.03%	613,241	$1.0M	New
TRU Transunion	0.03%	12,000	$996K	New
PTN Palatin Technologies Inc.	0.03%	1,671,595	$974K	Reduce -16.1%
FDMT 4D Molecular Therapeutics Inc.	0.03%	300,000	$969K	No change
BIO Bio-Rad Laboratories-A	0.02%	3,827	$932K	New
SPHERE 3D CORP	0.02%	2,204,934	$879K	Add +1.4%
BCLI Brainstorm Cell Therapeutics	0.02%	690,666	$870K	New
COSM Cosmos Health Inc.	0.02%	1,917,710	$836K	Add +156.1%
EKSO BIONICS HOLDINGS INC	0.02%	2,042,382	$823K	Add +18.4%
MTVA Metavia Inc.	0.02%	525,605	$809K	Reduce -27.9%
NKTR Nektar Therapeutics	0.02%	1,036,000	$704K	Add +1.2%
GOVX Geovax Labs Inc.	0.02%	662,885	$703K	New
QUCY Quantum Cyber NV filed as MAINZ BIOMED N V	0.02%	196,600	$631K	Reduce -11.4%
MNTS Momentus Inc.	0.01%	264,227	$528K	Add +21.6%
AETHLON MEDICAL INC	0.01%	1,427,946	$511K	New
SPGI S&P Global Inc.	0.01%	1,005	$511K	New
DIH HLDG US INC	0.01%	2,078,000	$481K	New
INTC Intel Corp.	0.01%	20,603	$468K	New
DRMA Dermata Therapeutics Inc.	0.01%	411,000	$444K	Add +1411.0%
EVGN Evogene Ltd.	0.01%	316,024	$395K	Add +6.0%
LM FDG AMER INC	0.01%	309,994	$384K	Reduce -15.8%
CYCLACEL PHARMACEUTICALS INC	0.01%	1,269,485	$354K	Add +118.7%
BKYI Bio-Key Intl Inc.	0.01%	440,457	$348K	New
IVPR Inspire Veterinary Partne-A	0.01%	202,896	$347K	New
CELZ Creative Medical Technology	0.01%	148,000	$321K	New
KMTS Kestra Medical Technologies	0.01%	12,500	$312K	New
PROFESSIONAL DVRSTY NTWORK I	0.01%	113,453	$285K	New
LLY Eli Lilly & Co.	0.01%	315	$260K	New
IDAI T Stamp Inc. Class A	0.01%	130,000	$252K	New
ASMB Assembly Biosciences Inc.	0.01%	23,858	$228K	Reduce -85.8%
CERO THERAPEUTICS HLDGS INC	0.01%	312,000	$228K	New
STEAKHOLDER FOODS LTD	0.00%	158,941	$164K	Add +2.3%
ELAN Elanco Animal Health Inc.	0.00%	13,105	$138K	New
PALI Palisade Bio Inc.	0.00%	144,764	$99K	Add +37.4%
WLDS Wearable Devices Ltd.	0.00%	46,645	$87K	New
CATHETER PRECISION INC	0.00%	250,965	$86K	Add +94.3%
AYTU Aytu Biopharma Inc.	0.00%	57,597	$69K	Reduce -61.6%
NXTC Nextcure Inc.	0.00%	104,000	$50K	No change
HELIUS MEDICAL TECHNOLOGIES	0.00%	72,000	$29K	New
SHUTTLE PHARMACTCLS HLDGS IN	0.00%	70,399	$27K	Reduce -77.0%
PCSA Processa Pharmaceuticals Inc.	0.00%	56,000	$21K	New

Options reported separately and not counted above: SPY puts ($1.4B), IWM puts ($1.3B), CYTK calls ($108.5M), MDGL calls ($99.4M), IMVT calls ($15.4M).

Other holdings (21): bonds, preferreds, convertibles and warrants · $2.0M (not counted above)

Security	Class	Shares / Principal	Value	Change
GROY.WS Gold Royalty Corp. -29	*W EXP 05/31/202	2,200,000	$550K	No change
MTEKW Maris - Tech Ltd. -23	*W EXP 02/04/202	1,261,058	$277K	No change
BEATW Heartbeam Inc.-CW26	*W EXP 10/31/202	500,000	$255K	No change
NXGLW Nexgel Inc. -CW26	*W EXP 12/27/202	550,000	$250K	No change
APCXW Apptech -CW26	*W EXP 01/04/202	715,000	$127K	No change
ONFOW Onfolio Holdings Inc. -27	*W EXP 01/02/202	400,000	$92K	No change
MOBBW Mobilicom Ltd. -27	*W EXP 08/31/202	242,100	$79K	No change
LCFYW Locafy Ltd.-CW27	*W EXP 03/29/202	12,121	$73K	No change
SQFTW Presidio Property TRST -CW27	*W EXP 01/24/202	2,000,000	$69K	No change
NXLIW Nexalin Technology Inc.- 27	*W EXP 99/99/999	325,000	$57K	No change
FGIWW Fgi Industries Ltd. -23	*W EXP 99/99/999	933,333	$47K	No change
MDCXW Medicus Pharma Ltd. -29	*W EXP 11/15/202	60,600	$42K	New
BIAFW Bioaffinity Technologiew-27	*W EXP 09/07/202	204,082	$39K	No change
RVSNW Rail Vision Ltd.-CW27	*W EXP 03/27/202	136,187	$12K	No change
SWAGW Stran & Co. -CW26	*W EXP 99/99/999	545,000	$6K	No change
IVDAW Iveda Solutions Inc. -CW27	*W EXP 04/01/202	18,125	$3K	No change
BCTXW Briacell Therapeutics -CW27	*W EXP 02/26/202	25,000	$3K	Reduce -93.3%
KTTAW Pasithea Therapeutics -CW26	*W EXP 08/12/202	50,000	$910	No change
BNCWW Cea Industries Inc. -CW27	*W EXP 02/11/202	58,333	$852	No change
TNONW Tenon Medical Inc.-28	*W EXP 06/16/202	22,250	$456	No change
NLSPW NLS Pharmaceutics Ltd. -CW25	*W EXP 02/02/202	12,500	$161	No change

Total filed on the 13F, all lines: $3.7B.

Portfolio Sells Q4 2024 → Q1 2025


NARI Inari Medical Inc.	Sold out	0.00%	−1.86
BUD Anheuser-Busch Inbev-SPN ADR	Sold out	0.00%	−1.58
ICLR Icon PLC	Reduce -76.1%	0.47%	−1.57
GSK GSK PLC-Spon ADR	Reduce -84.1%	0.39%	−1.48
VRTX Vertex Pharmaceuticals Inc.	Reduce -77.7%	0.65%	−1.45
HUM Humana Inc.	Reduce -82.0%	0.40%	−1.45
NVO Novo-Nordisk A/S-Spons ADR	Reduce -84.8%	0.20%	−1.23
MNST Monster Beverage Corp.	Sold out	0.00%	−0.70
SBUX Starbucks Corp.	Sold out	0.00%	−0.68
SNY Sanofi-ADR	Reduce -58.0%	0.78%	−0.62
THS Treehouse Foods Inc.	Sold out	0.00%	−0.55
HUBS HubSpot Inc.	Reduce -72.3%	0.18%	−0.52
MKC McCormick & Co.-Non VTG SHRS	Sold out	0.00%	−0.47
ELF Elf Beauty Inc.	Sold out	0.00%	−0.45
XRAY Dentsply Sirona Inc.	Reduce -14.3%	1.20%	−0.35
CYTK Cytokinetics Inc.	Reduce -22.0%	1.10%	−0.34
CKPT Checkpoint Therapeutics Inc.	Sold out	0.00%	−0.33
NVRO Nevro LLC	Sold out	0.00%	−0.32
AUPH Aurinia Pharmaceuticals Inc.	Reduce -21.9%	1.07%	−0.26
BLTE Belite Bio Inc. - ADR	Sold out	0.00%	−0.25
FL Foot Locker Inc.	Sold out	0.00%	−0.25
BABA Alibaba Group Holding-SP ADR	Sold out	0.00%	−0.24
TMO Thermo Fisher Scientific Inc.	Sold out	0.00%	−0.24
BJRI Bj's Restaurants Inc.	Reduce -85.7%	0.05%	−0.24
ARGX Argenx SE - ADR	Reduce -21.0%	1.55%	−0.22
ILMN Illumina Inc.	Sold out	0.00%	−0.22
ISRG Intuitive Surgical Inc.	Reduce -40.8%	0.38%	−0.21
GKOS Glaukos Corp.	Sold out	0.00%	−0.21
GB Global Blue Group Holding AG	Sold out	0.00%	−0.20
CRSP Crispr Therapeutics AG	Sold out	0.00%	−0.19
CMRX Chimerix Inc.	Sold out	0.00%	−0.18
LOW Lowe's Cos Inc.	Reduce -59.9%	0.14%	−0.18
PENN Penn Entertainment Inc.	Reduce -6.4%	1.35%	−0.18
EW Edwards Lifesciences Corp.	Reduce -62.9%	0.12%	−0.17
FWRG First Watch Restaurant Group	Sold out	0.00%	−0.16
CPRI Capri Holdings Ltd.	Reduce -69.0%	0.07%	−0.14
ULTA Ulta Beauty Inc.	Reduce -57.1%	0.10%	−0.14
INCY Incyte Corp.	Reduce -5.5%	2.71%	−0.14
LEVI Levi Strauss & Co. Class A	Reduce -60.0%	0.09%	−0.13
AGIO Agios Pharmaceuticals Inc.	Reduce -9.6%	1.60%	−0.13
TGT Target Corp.	Reduce -64.5%	0.06%	−0.12
LW Lamb Weston Holdings Inc.	Sold out	0.00%	−0.12
NOMD Nomad Foods Ltd.	Reduce -38.8%	0.54%	−0.12
ROST Ross Stores Inc.	Reduce -28.7%	0.26%	−0.11
AZN Astrazeneca PLC-Spons ADR	Reduce -76.0%	0.05%	−0.11
APLE Apple Hospitality REIT Inc.	Sold out	0.00%	−0.10
PVH PVH Corp.	Sold out	0.00%	−0.10
MDT Medtronic PLC	Reduce -27.9%	1.30%	−0.09
XOM Exxon Mobil Corp.	Reduce -36.0%	0.39%	−0.09
RSI Rush Street Interactive Inc.	Sold out	0.00%	−0.09

Portfolio Buys Q4 2024 → Q1 2025


FRPT Freshpet Inc.	New	1.59%	+1.59
REGN Regeneron Pharmaceuticals	Add +306.8%	1.93%	+1.47
TVTX Travere Therapeutics Inc.	Add +20.6%	4.25%	+1.27
SNN Smith & Nephew PLC -Spon ADR	Add +258.1%	1.34%	+1.06
KDP Keurig Dr Pepper Inc.	New	1.01%	+1.01
STAA Staar Surgical Co.	Add +244.0%	1.41%	+0.92
MRK Merck & Co. Inc.	New	0.78%	+0.78
AVNS Avanos Medical Inc.	New	0.77%	+0.77
DPZ Domino's Pizza Inc.	Add +80.6%	1.11%	+0.62
HELE Helen of Troy Ltd.	New	0.53%	+0.53
EL Estee Lauder Companies Class A	New	0.53%	+0.53
SXT Sensient Technologies Corp.	Add +57.1%	1.09%	+0.51
TRVI Trevi Therapeutics Inc.	New	0.50%	+0.50
SAM Boston Beer Company Inc. Class A	Add +72.7%	1.34%	+0.49
MDGL Madrigal Pharmaceuticals Inc.	Add +35.9%	1.20%	+0.49
SUPN Supernus Pharmaceuticals Inc.	Add +7.4%	4.55%	+0.48
DHR Danaher Corp.	New	0.44%	+0.44
ADBE Adobe Inc.	Add +63.5%	1.14%	+0.44
AMZN Amazon.com Inc.	Add +42.7%	1.34%	+0.40
MSFT Microsoft Corp.	Add +37.5%	1.32%	+0.38
PLNT Planet Fitness Inc. Class A	Add +54.5%	0.90%	+0.38
DRI Darden Restaurants Inc.	New	0.34%	+0.34
ANGO Angiodynamics Inc.	Add +140.1%	0.53%	+0.34
GMED Globus Medical Inc. Class A	New	0.34%	+0.34
MCD McDonald's Corp.	New	0.33%	+0.33
PATH Uipath Inc. Class A	Add +220.3%	0.50%	+0.33
TMCI Treace Medical Concepts Inc.	Add +0.0%	1.39%	+0.32
DT Dynatrace Inc.	New	0.32%	+0.32
GOOGL Alphabet Inc. Class A	Add +40.2%	1.23%	+0.29
NKE Nike Inc. Class B	New	0.29%	+0.29
CENTA Central Garden and Pet Co. Class A	Add +28.8%	0.90%	+0.28
RIGL Rigel Pharmaceuticals Inc.	Add +31.6%	0.73%	+0.28
RH RH	Add +263.9%	0.45%	+0.27
TXRH Texas Roadhouse Inc.	Add +49.7%	0.73%	+0.27
DYN Dyne Therapeutics Inc.	Add +187.0%	0.77%	+0.25
DECK Deckers Outdoor Corp.	New	0.24%	+0.24
EAT Brinker International Inc.	Add +93.4%	0.39%	+0.23
NPCE Neuropace Inc.	Add +94.7%	0.38%	+0.22
MDB Mongodb Inc.	New	0.21%	+0.21
YUM Yum! Brands Inc.	New	0.21%	+0.21
ZETA Zeta Global Holdings Corp. Class A	New	0.19%	+0.19
SPB Spectrum Brands Holdings Inc.	Add +20.0%	1.32%	+0.19
APP AppLovin Corp. Class A	Add +439.2%	0.23%	+0.19
CNTA Centessa Pharmaceuticals Ltd.	New	0.18%	+0.18
SMPL The Simply Good Foods Co.	Add +14.0%	1.25%	+0.17
SN Sharkninja Inc.	Add +52.6%	0.47%	+0.16
MUSA Murphy USA Inc.	New	0.16%	+0.16
PFE Pfizer Inc.	New	0.14%	+0.14
PDSB PDS Biotechnology Corp.	New	0.14%	+0.14
BSX Boston Scientific Corp.	New	0.13%	+0.13

Options Activity Q4 2024 → Q1 2025


SPY SS SPDR S&P 500 ETF Trust-US	put	Reduce -2.0%	2,450,000	$1.4B
IWM iShares Russell 2000 ETF	put	Reduce -1.5%	6,700,000	$1.3B
CYTK Cytokinetics Inc.	call	Add +342.6%	2,700,000	$108.5M
MDGL Madrigal Pharmaceuticals Inc.	call	New	300,000	$99.4M
IMVT Immunovant Inc.	call	Reduce -33.3%	900,000	$15.4M

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

Notes & Other Activity Q4 2024 → Q1 2025


MDCXW Medicus Pharma Ltd. -29	*W EXP 11/15/202	New	60,600	$42K
SBEVW Splash Beverage Group -CW	*W EXP 06/15/202	Sold out	904,000	$17Kbefore exit
BCTXW Briacell Therapeutics -CW27	*W EXP 02/26/202	Reduce -93.3%	25,000	$3K
SKYAW Sharps Technology Inc. -27	*W EXP 04/13/202	Sold out	53,454	$2Kbefore exit
ACONW Aclarion Inc. -CW27	*W EXP 04/21/202	Sold out	34,375	$688before exit
SVREW Saverone 2014 Ltd. -CW27	*W EXP 06/02/202	Sold out	13,450	$269before exit
AIMDW Ainos Inc. - 27	*W EXP 07/29/202	Sold out	5,000	$249before exit
DFSCW Kwesst Micro Systems Inc.-27	*W EXP 09/01/202	Sold out	12,000	$247before exit
NEXRW Jeffs Brands Ltd. -27	*W EXP 08/26/202	Sold out	5,284	$158before exit
HSCSW Heart Test Laboratories-CW27	*W EXP 06/15/202	Sold out	3,529	$106before exit
CINGW Cingulate -CW23	*W EXP 12/10/202	Sold out	1,708	$88before exit
EDBLW Edible Garden AG Inc.-CW27	*W EXP 99/99/999	Sold out	1,334	$47before exit
AREBW American Rebel Holdings -23	*W EXP 01/20/202	Sold out	2,142	$27before exit
DRMAW Dermata Therapeutics -CW26	*W EXP 99/99/999	Sold out	1,354	$14before exit
TCBWF TC Biopharm Holdings Ltd.	*W EXP 02/10/202	Sold out	188	$2before exit

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

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	305	$3.6B	MDGL, SUPN, CYTK, INCY, NBIX
Q1 2026	235	$3.0B	TVTX, PTCT, MDGL, SUPN, NBIX
Q4 2025	341	$4.1B	PTCT, MDGL, IMVT, TVTX, SUPN
Q3 2025	305	$3.2B	PTCT, TVTX, SUPN, INCY, NBIX
Q2 2025	179	$2.6B	PTCT, SUPN, TVTX, INCY, NBIX
Q1 2025	199	$3.7B	PTCT, SUPN, TVTX, NBIX, INCY
Q4 2024	194	$4.3B	PTCT, SUPN, TVTX, INCY, NBIX
Q3 2024	228	$3.8B	PTCT, SUPN, INCY, TVTX, IMVT
Q2 2024	221	$3.8B	PTCT, SUPN, NBIX, CYTK, INCY
Q1 2024	300	$3.8B	PTCT, NBIX, INCY, SUPN, CYTK