Armistice Capital, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 17, 2025), Armistice Capital, LLC reported 305 stock positions worth $3.2 billion. Its top holding was PTC Therapeutics (PTCT) at 6.3% of the portfolio, followed by Travere Therapeutics (TVTX, 5.1%) and Supernus Pharmaceuticals (SUPN, 4.3%). Compared with Q2 2025, it opened 183 new positions, sold out of 57, added to 78 and reduced 39. The biggest buy was Dentsply Sirona (XRAY, shares +1044%) and the biggest sale PTC Therapeutics (PTCT, shares −31%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001601086
Portfolio Value
$3.2B (Q3 2025)
SEC Filing
0001315863-25-000814 ↗ filed Nov 17, 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 Q4 2024 Q1 2025: $3.7B Q1 2025 Q2 2025: $2.6B Q2 2025 Q3 2025: $3.2B $3.2B Q3 2025 Q4 2025: $4.1B Q4 2025 Q1 2026: $3.0B Q1 2026 Q2 2026: $3.6B Q2 2026

Holdings 305 stocks · $3.2B
PTCT PTC Therapeutics Inc. 6.32% 3,277,272 $201.1M Reduce -30.8%
TVTX Travere Therapeutics Inc. 5.05% 6,724,000 $160.7M Reduce -24.3%
SUPN Supernus Pharmaceuticals Inc. 4.26% 2,836,000 $135.5M Reduce -41.1%
INCY Incyte Corp. 3.11% 1,167,431 $99.0M Reduce -12.6%
NBIX Neurocrine Biosciences Inc. 3.08% 697,022 $97.8M Add +3.1%
IMVT Immunovant Inc. 2.96% 5,836,000 $94.1M Add +12.2%
XRAY Dentsply Sirona Inc. 2.29% 5,736,000 $72.8M Add +1044.0%
REGN Regeneron Pharmaceuticals 2.21% 125,206 $70.4M Add +25.2%
FRPT Freshpet Inc. 2.14% 1,234,802 $68.0M Add +118.4%
AMZN Amazon.com Inc. 2.14% 309,400 $67.9M Add +41.0%
CYTK Cytokinetics Inc. 2.07% 1,196,868 $65.8M Reduce -8.8%
GEHC GE Healthcare Technology 1.88% 795,053 $59.7M Add +5.1%
EXAS Exact Sciences Corp. 1.77% 1,030,465 $56.4M Add +38.9%
GOOGL Alphabet Inc. Class A 1.76% 230,681 $56.1M Add +21.2%
MDGL Madrigal Pharmaceuticals Inc. 1.73% 119,982 $55.0M Reduce -3.2%
FIVN FIVE9 Inc. 1.52% 2,000,000 $48.4M Add +8.9%
MSFT Microsoft Corp. 1.42% 87,245 $45.2M Add +4.2%
ARGX Argenx SE - ADR 1.35% 58,000 $42.8M Reduce -27.5%
TMCI Treace Medical Concepts Inc. 1.33% 6,316,000 $42.4M Add +0.9%
KURA Kura Oncology Inc. 1.30% 4,672,000 $41.3M Reduce -24.6%
NVO Novo-Nordisk A/S-Spons ADR 1.28% 736,000 $40.8M New
PENN Penn Entertainment Inc. 1.27% 2,103,666 $40.5M Add +48.8%
DYN Dyne Therapeutics Inc. 1.22% 3,064,000 $38.8M Add +19.7%
MDB Mongodb Inc. 1.10% 112,399 $34.9M Add +8.6%
OFIX Orthofix Medical Inc. 1.03% 2,236,000 $32.7M Reduce -24.9%
AGIO Agios Pharmaceuticals Inc. 0.96% 764,000 $30.7M Reduce -34.6%
SBUX Starbucks Corp. 0.95% 356,107 $30.1M New
IMCR Immunocore Holdings PLC-ADR 0.94% 824,000 $29.9M Add +21.5%
BMY Bristol-Myers Squibb Co. 0.92% 649,733 $29.3M New
AVNS Avanos Medical Inc. 0.91% 2,500,000 $28.9M Add +22.8%
SNY Sanofi-ADR 0.91% 612,000 $28.9M New
IRON Disc Medicine Inc. 0.91% 436,000 $28.8M No change
DDOG Datadog Inc. Class A 0.90% 202,061 $28.8M Add +34.7%
BABA Alibaba Group Holding-SP ADR 0.88% 156,000 $27.9M Add +169.0%
TMO Thermo Fisher Scientific Inc. 0.84% 55,016 $26.7M Add +83.6%
AUTL Autolus Therapeutics PLC 0.80% 15,600,000 $25.4M Add +30.0%
MDT Medtronic PLC 0.79% 265,257 $25.3M Add +0.5%
NBIS Nebius Group NV 0.75% 213,280 $23.9M Add +72.0%
BCYC Bicycle Therapeutics PLC-ADR 0.72% 2,978,000 $23.0M Add +6.4%
GRFS Grifols SA-ADR 0.70% 2,236,000 $22.3M Reduce -69.4%
CVS CVS Health Corp. 0.69% 291,819 $22.0M New
AXGN Axogen Inc. 0.67% 1,200,000 $21.4M Add +8.0%
IRWD Ironwood Pharmaceuticals Inc. 0.67% 16,150,000 $21.2M No change
HUBS HubSpot Inc. 0.66% 45,018 $21.1M Add +103.7%
RIGL Rigel Pharmaceuticals Inc. 0.65% 724,000 $20.5M Reduce -54.8%
VYGR Voyager Therapeutics Inc. 0.62% 4,200,000 $19.6M Reduce -12.5%
S Sentinelone Inc. Class A 0.62% 1,111,200 $19.6M Reduce -10.1%
DT Dynatrace Inc. 0.61% 400,000 $19.4M Add +78.6%
MLYS Mineralys Therapeutics Inc. 0.61% 507,650 $19.3M Add +185.2%
VSTM Verastem Inc. 0.58% 2,096,000 $18.5M Reduce -1.9%
RH RH 0.58% 90,685 $18.4M Add +306.8%
ISRG Intuitive Surgical Inc. 0.58% 41,000 $18.3M Add +78.3%
ANGO Angiodynamics Inc. 0.57% 1,636,000 $18.3M Add +7.1%
PATH Uipath Inc. Class A 0.57% 1,344,284 $18.0M Add +94.3%
PRTA Prothena Corp. PLC 0.56% 1,824,000 $17.8M Reduce -18.4%
ELF Elf Beauty Inc. 0.55% 132,965 $17.6M Add +186.2%
RBLX Roblox Corp. Class A 0.55% 125,921 $17.4M New
GTLB Gitlab Inc. Class A 0.53% 376,858 $17.0M Add +16.5%
ROST Ross Stores Inc. 0.53% 111,138 $16.9M Add +37.2%
TSM Taiwan Semiconductor-SP ADR 0.50% 56,700 $15.8M Add +38.3%
VRTX Vertex Pharmaceuticals Inc. 0.50% 40,239 $15.8M New
CTOR Citius Oncology Inc. 0.49% 7,675,911 $15.6M New
VERA Vera Therapeutics Inc. 0.49% 536,000 $15.6M Add +294.1%
NKTR Nektar Therapeutics 0.48% 268,000 $15.2M Add +116.1%
WYNN WYNN Resorts Ltd. 0.47% 116,944 $15.0M Add +160.7%
WDAY Workday Inc. Class A 0.46% 60,892 $14.7M Reduce -4.9%
NVDA Nvidia Corp. 0.45% 76,944 $14.4M Add +24.1%
APP AppLovin Corp. Class A 0.44% 19,520 $14.0M Add +29.5%
NPCE Neuropace Inc. 0.42% 1,298,000 $13.4M Add +12.6%
HUM Humana Inc. 0.42% 51,359 $13.4M New
UBER Uber Technologies Inc. 0.37% 120,581 $11.8M Add +31.5%
NTLA Intellia Therapeutics Inc. 0.36% 672,000 $11.6M Add +3.4%
EW Edwards Lifesciences Corp. 0.36% 146,571 $11.4M New
RDDT Reddit Inc. Class A 0.36% 49,100 $11.3M Reduce -7.4%
ULTA Ulta Beauty Inc. 0.35% 20,266 $11.1M Add +81.4%
TOST Toast Inc. Class A 0.33% 286,036 $10.4M Add +7.7%
ARVN Arvinas Inc. 0.32% 1,200,000 $10.2M Add +114.3%
MGNX Macrogenics Inc. 0.31% 5,960,000 $10.0M No change
LEN Lennar Corp. Class A 0.31% 78,549 $9.9M Add +96.3%
BRBR Bellring Brands Inc. 0.31% 271,935 $9.9M New
FDMT 4D Molecular Therapeutics Inc. 0.30% 1,096,000 $9.5M Add +265.3%
CNTA Centessa Pharmaceuticals Ltd. 0.29% 378,000 $9.2M Reduce -5.5%
CHDN Churchill Downs Inc. 0.28% 93,429 $9.1M Reduce -53.3%
NUVB Nuvation Bio Inc. 0.27% 2,296,000 $8.5M Add +359.2%
BSX Boston Scientific Corp. 0.25% 80,223 $7.8M Add +7.0%
H Hyatt Hotels Corp. Class A 0.24% 54,101 $7.7M Add +55.6%
ORLY O'reilly Automotive Inc. 0.24% 70,396 $7.6M Reduce -0.8%
MCD McDonald's Corp. 0.23% 23,770 $7.2M Reduce -83.4%
BBY Best Buy Co. Inc. 0.23% 95,066 $7.2M Add +92.5%
INGN Inogen Inc. 0.22% 864,000 $7.1M Add +30.1%
ZURA Zura Bio Ltd. 0.21% 1,560,000 $6.8M Add +1.6%
ANF Abercrombie & Fitch Co. Class A 0.21% 77,877 $6.7M New
ANRO Alto Neuroscience Inc. 0.21% 1,636,000 $6.6M Add +0.7%
VNRX Volitionrx Ltd. 0.20% 9,380,425 $6.4M Add +10.4%
SXT Sensient Technologies Corp. 0.20% 67,630 $6.3M Reduce -34.9%
BILL Bill Holdings Inc. 0.20% 119,198 $6.3M New
DHR Danaher Corp. 0.20% 31,558 $6.3M Add +7.6%
ZETA Zeta Global Holdings Corp. Class A 0.20% 312,089 $6.2M New
PLNT Planet Fitness Inc. Class A 0.18% 56,000 $5.8M Reduce -72.0%
AS Amer Sports Inc. 0.18% 166,602 $5.8M Add +64.5%
SLDB Solid Biosciences Inc. 0.18% 936,000 $5.8M Add +134.0%
WWW Wolverine World Wide Inc. 0.18% 205,376 $5.6M New
PONY Pony AI Inc. 0.18% 249,300 $5.6M New
ARAY Accuray Inc. 0.17% 3,324,000 $5.6M Add +2.7%
NKE Nike Inc. Class B 0.17% 79,093 $5.5M New
TER Teradyne Inc. 0.16% 36,563 $5.0M New
PEGA Pegasystems Inc. 0.16% 86,826 $5.0M New
LTH Life Time Group Holdings Inc. 0.15% 173,002 $4.8M Reduce -42.6%
BBOT Bridgebio Oncology Therapeut 0.15% 412,000 $4.8M New
KYNB Kyntra Bio Inc. filed as FIBROGEN INC 0.15% 378,000 $4.6M Add +12.5%
OS Onestream Inc. 0.14% 250,000 $4.6M New
CCL Carnival Corp. 0.14% 156,981 $4.5M Reduce -36.3%
MCK McKesson Corp. 0.14% 5,853 $4.5M New
META Meta Platforms Inc. Class A 0.13% 5,533 $4.1M Add +106.8%
LOW Lowe's Cos Inc. 0.12% 15,716 $3.9M Reduce -28.4%
SE Sea Ltd.-ADR 0.12% 22,000 $3.9M Add +254.8%
LEVI Levi Strauss & Co. Class A 0.12% 166,444 $3.9M Reduce -12.4%
MOBIX LABS INC 0.12% 4,596,804 $3.7M Add +7.5%
JD Jd.com Inc.-ADR 0.11% 103,400 $3.6M New
VSXY Victoria's Secret & Co. 0.10% 120,000 $3.3M Reduce -22.6%
ROKU Roku Inc. 0.10% 31,623 $3.2M Add +150.2%
HSY The Hershey Co. 0.10% 16,338 $3.1M New
GE General Electric filed as GE AEROSPACE 0.10% 10,105 $3.0M Add +416.1%
STZ Constellation Brands Inc. Class A 0.09% 22,278 $3.0M New
CROX Crocs Inc. 0.09% 33,480 $2.8M Add +30.4%
NCLH Norwegian Cruise Line Holdin 0.09% 111,979 $2.8M New
VRCA Verrica Pharmaceuticals Inc. 0.09% 639,193 $2.8M Reduce -28.0%
CVNA Carvana Co. 0.08% 7,110 $2.7M New
PYPL PayPal Holdings Inc. 0.08% 39,275 $2.6M New
SYRE Spyre Therapeutics Inc. 0.08% 156,000 $2.6M Reduce -9.3%
ASML ASML Holding NV-NY Reg SHS 0.08% 2,600 $2.5M New
INTC Intel Corp. 0.08% 72,800 $2.4M New
CRBP Corbus Pharmaceuticals Holdi 0.08% 192,000 $2.4M No change
TPL Texas Pacific Land Corp. 0.08% 2,590 $2.4M Add +576.2%
CNDT Conduent Inc. 0.07% 836,000 $2.3M No change
AROC Archrock Inc. 0.07% 88,070 $2.3M New
MNST Monster Beverage Corp. 0.07% 33,439 $2.3M Add +736.6%
COR Cencora Inc. 0.07% 7,033 $2.2M New
CLX Clorox Company 0.07% 16,923 $2.1M New
MTDR Matador Resources Co. 0.06% 43,917 $2.0M New
PRSU Pursuit Attractions and Hosp 0.05% 47,500 $1.7M New
CRIS Curis Inc. 0.05% 978,190 $1.6M Add +8.7%
KMB Kimberly-Clark Corp. 0.05% 12,749 $1.6M New
SPOT Spotify Technology SA 0.05% 2,250 $1.6M Reduce -20.1%
MRVL Marvell Technology Inc. 0.05% 18,621 $1.6M New
GIS General Mills Inc. 0.05% 30,537 $1.5M New
SCLX Scilex Holding Co. 0.04% 66,000 $1.3M New
AFRM Affirm Holdings Inc. 0.04% 17,536 $1.3M New
PMN Promis Neurosciences Inc. 0.04% 2,974,518 $1.3M Add +39.1%
CHWY Chewy Inc. Class A 0.04% 31,011 $1.3M New
TKO Tko Group Holdings Inc. 0.04% 6,026 $1.2M New
WATT Energous Corp. 0.04% 155,636 $1.2M New
VIK Viking Holdings Ltd. 0.04% 19,042 $1.2M New
MDU Mdu Resources Group Inc. 0.04% 65,152 $1.2M New
MKC McCormick & Co.-Non VTG SHRS 0.04% 17,147 $1.1M New
PBH Prestige Consumer Healthcare 0.03% 16,960 $1.1M New
IPAR Interparfums Inc. 0.03% 10,095 $993K New
ED Consolidated Edison Inc. 0.03% 9,511 $956K Add +136.9%
BDX Becton Dickinson and Co. 0.03% 5,010 $938K New
EMN Eastman Chemical Co. 0.03% 14,530 $916K New
WIX Wix.com Ltd. 0.03% 5,136 $912K New
CNK Cinemark Holdings Inc. 0.03% 32,549 $912K New
TTWO Take-Two Interactive Softwre 0.03% 3,492 $902K New
UMBF Umb Financial Corp. 0.03% 7,580 $897K New
SHW The Sherwin-Williams Co. 0.03% 2,492 $863K Reduce -80.1%
JSPR Jasper Therapeutics Inc. 0.03% 348,000 $828K New
SNGX Soligenix Inc. 0.03% 708,000 $821K New
C Citigroup Inc. 0.03% 8,091 $821K New
XRT SS SPDR S&P Retail ETF 0.03% 9,262 $798K Add +90.2%
BN Brookfield Corp. 0.02% 11,477 $787K New
REZI Resideo Technologies Inc. 0.02% 17,781 $768K New
FSK FS KKR Capital Corp. 0.02% 51,099 $763K New
HRB H&R Block Inc. filed as BLOCK H & R INC 0.02% 14,506 $734K New
TYL Tyler Technologies Inc. 0.02% 1,397 $731K New
MPC Marathon Petroleum Corp. 0.02% 3,785 $730K New
ADC Agree Realty Corp. 0.02% 10,001 $710K New
FG F&G Annuities & Life Inc. 0.02% 22,541 $705K New
BIRK Birkenstock Holding PLC 0.02% 15,012 $679K New
SFD Smithfield Foods Inc. 0.02% 28,707 $674K New
CME Cme Group Inc. 0.02% 2,437 $658K Add +156.0%
PNC PNC Financial Services Group 0.02% 3,231 $649K New
SKYW Skywest Inc. 0.02% 6,276 $631K New
LIF LIFE360 Inc. 0.02% 5,734 $610K New
ONON On Holding AG Class A filed as ON HLDG AG 0.02% 14,373 $609K New
CAVA Cava Group Inc. 0.02% 9,966 $602K New
QUCY Quantum Cyber NV filed as MAINZ BIOMED N V 0.02% 394,519 $588K Add +38.4%
DAY Dayforce Inc. 0.02% 8,355 $576K New
MELI MercadoLibre Inc. 0.02% 246 $575K Reduce -58.2%
PSA Public Storage 0.02% 1,973 $570K New
PCTY Paylocity Holding Corp. 0.02% 3,470 $553K New
DDS Dillards Inc. Class A 0.02% 898 $552K New
ASO Academy Sports & Outdoors Inc. 0.02% 10,923 $546K New
MGEE Mge Energy Inc. 0.02% 6,444 $542K New
KHC The Kraft Heinz Co. 0.02% 20,367 $530K New
MMS Maximus Inc. 0.02% 5,727 $523K Add +57.2%
ORI Old Republic Intl Corp. 0.02% 12,076 $513K New
DECK Deckers Outdoor Corp. 0.02% 4,830 $490K Reduce -87.5%
FRHC Freedom Holding Corp. 0.01% 2,650 $456K New
USFD US Foods Holding Corp. 0.01% 5,626 $431K New
LM FDG AMER INC 0.01% 375,440 $428K Reduce -5.6%
THG Hanover Insurance Group Inc./ 0.01% 2,348 $426K New
MTH Meritage Homes Corp. 0.01% 5,739 $416K New
WHR Whirlpool Corp. 0.01% 5,274 $415K New
GOLF Acushnet Holdings Corp. 0.01% 5,253 $412K New
DRMA Dermata Therapeutics Inc. 0.01% 81,654 $410K Add +129.4%
FIVE Five Below 0.01% 2,576 $399K New
COO The Cooper Cos Inc. 0.01% 5,721 $392K New
AMRZ Amrize Ltd. 0.01% 7,929 $385K New
TOON Kartoon Studios Inc. 0.01% 520,606 $384K Reduce -79.0%
OKTA Okta Inc. 0.01% 4,049 $371K New
HOG Harley-Davidson Inc. 0.01% 12,991 $362K New
XLK SS Technology Select Sector 0.01% 1,284 $362K New
BROS Dutch Bros Inc. Class A 0.01% 6,877 $360K New
NWSA News Corp. Class A 0.01% 11,296 $347K New
DB Deutsche Bank AG-Registered 0.01% 9,677 $343K New
MANH Manhattan Associates Inc. 0.01% 1,669 $342K New
OBDC Blue Owl Capital Corp. 0.01% 26,097 $333K New
ACTELIS NETWORKS INC 0.01% 901,603 $333K New
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.01% 5,120 $331K New
HRI Herc Holdings Inc. filed as HERC HLDGS INC 0.01% 2,837 $331K New
LUV Southwest Airlines Co. 0.01% 10,302 $329K New
ARES Ares Management Corp. Class A 0.01% 2,044 $327K New
MOS The Mosaic Co. 0.01% 9,334 $324K New
BRKR Bruker Corp. 0.01% 9,893 $321K New
AVTR Avantor Inc. 0.01% 25,360 $316K New
RGEN Repligen Corp. 0.01% 2,367 $316K New
RAL Ralliant Corp. 0.01% 7,039 $308K New
DLR Digital Realty Trust Inc. 0.01% 1,768 $306K New
OTIS Otis Worldwide Corp. 0.01% 3,340 $305K New
ESAB Esab Corp. 0.01% 2,719 $304K New
MTD Mettler-Toledo International 0.01% 247 $303K New
WAB Wabtec Corp. 0.01% 1,511 $303K New
FCNCA First Citizens Bcshs Class A 0.01% 169 $302K New
CRL Charles River Laboratories 0.01% 1,932 $302K New
RACE Ferrari NV 0.01% 622 $302K New
CBSH Commerce Bancshares Inc. 0.01% 5,032 $301K New
VIRT Virtu Financial Inc. Class A 0.01% 8,468 $301K New
RSG Republic Services Inc. 0.01% 1,306 $300K New
TFC Truist Financial Corp. 0.01% 6,544 $299K New
KMPR Kemper Corp. 0.01% 5,801 $299K New
PLMR Palomar Holdings Inc. 0.01% 2,561 $299K New
LOGI Logitech International-Reg 0.01% 2,723 $299K New
KBE SS SPDR S&P Bank ETF 0.01% 5,009 $298K New
AES AES Corp. 0.01% 22,592 $297K New
CNH CNH Industrial NV 0.01% 27,236 $296K New
PNFP Pinnacle Financial Partners 0.01% 3,141 $295K New
KKR KKR & Co. Inc. 0.01% 2,265 $294K New
CHH Choice Hotels Intl Inc. 0.01% 2,745 $293K New
DOV Dover Corp. 0.01% 1,758 $293K New
CCI Crown Castle Inc. 0.01% 3,022 $292K New
DBX Dropbox Inc. Class A 0.01% 9,573 $289K New
CRBG Corebridge Financial Inc. 0.01% 8,985 $288K New
EQIX Equinix Inc. 0.01% 366 $287K New
DVA Davita Inc. 0.01% 2,157 $287K New
JBHT Hunt (jb) Transprt SVCS Inc. 0.01% 2,135 $286K New
CEG Constellation Energy 0.01% 866 $285K New
FLR Fluor Corp. 0.01% 6,708 $282K New
G Genpact Ltd. 0.01% 6,708 $281K New
JPM JPMorgan Chase & Co. 0.01% 888 $280K New
NTNX Nutanix Inc. Class A 0.01% 3,763 $280K New
AMT American Tower Corp. 0.01% 1,444 $278K New
RL Ralph Lauren Corp. 0.01% 884 $277K New
NRG NRG Energy Inc. 0.01% 1,652 $268K New
BPOP Popular Inc. 0.01% 2,096 $266K New
ALSN Allison Transmission Holding 0.01% 3,059 $260K New
CHYM Chime Financial Inc. Class A 0.01% 12,722 $257K New
FLUT Flutter Entertainment PLC-Di 0.01% 1,008 $256K Reduce -94.9%
CTVA Corteva Inc. 0.01% 3,760 $254K New
GOVX Geovax Labs Inc. 0.01% 533,897 $253K New
ANET Arista Networks Inc. 0.01% 1,720 $251K New
CUZ Cousins Properties Inc. 0.01% 8,630 $250K New
INVH Invitation Homes Inc. 0.01% 8,467 $248K New
ECL Ecolab Inc. 0.01% 905 $248K New
OTF Blue Owl Technology Finance 0.01% 17,712 $245K New
HOOD Robinhood Markets Inc. Class A 0.01% 1,702 $244K New
AGO Assured Guaranty Ltd. 0.01% 2,870 $243K New
CB Chubb Ltd. 0.01% 857 $242K New
MHO M/I Homes Inc. 0.01% 1,665 $240K New
FLS Flowserve Corp. 0.01% 4,461 $237K New
HPE Hewlett Packard Enterprise 0.01% 9,611 $236K New
WMB Williams Cos Inc. 0.01% 3,689 $234K New
UPS United Parcel Service Class B 0.01% 2,712 $227K New
APD Air Products & Chemicals Inc. 0.01% 830 $226K New
ARMK Aramark 0.01% 5,888 $226K New
LIVN Livanova PLC 0.01% 4,250 $223K Reduce -93.0%
WSBC Wesbanco Inc. 0.01% 6,924 $221K New
UAL United Airlines Holdings Inc. 0.01% 2,272 $219K New
TXN Texas Instruments Inc. 0.01% 1,191 $219K New
PLD Prologis Inc. 0.01% 1,900 $218K New
KAI Kadant Inc. 0.01% 725 $216K New
AGX Argan Inc. 0.01% 796 $215K New
NCNO Ncino Inc. 0.01% 7,876 $214K New
KEX Kirby Corp. 0.01% 2,490 $208K New
FMC FMC Corp. 0.01% 6,077 $204K New
SU Suncor Energy Inc. 0.01% 4,877 $204K New
NTR Nutrien Ltd. 0.01% 3,447 $202K New
LVS Las Vegas Sands Corp. 0.01% 3,729 $201K New
FLY Firefly Aerospace Inc. 0.01% 6,839 $201K New
GBDC Golub Capital BDC Inc. 0.01% 13,692 $187K New
KYIV Kyivstar Group Ltd. 0.00% 12,301 $154K New
DGNX Diginex Ltd. 0.00% 10,000 $144K New
COLD Americold Realty Trust Inc. 0.00% 11,427 $140K New
STLA Stellantis NV 0.00% 12,984 $121K New
REVELATION BIOSCIENCES INC 0.00% 80,000 $114K New
SNAP Snap Inc. Class A 0.00% 12,881 $99K New

Options reported separately and not counted above: IWM puts ($1.7B), SPY puts ($1.7B), MDGL calls ($59.6M), CYTK calls ($52.2M), AGIO calls ($36.1M), S calls ($24.7M), FIVN calls ($15.7M), BHVN calls ($3.8M), DKNG puts ($3.7M), RDDT calls ($345K).

Other holdings (13): bonds, preferreds, convertibles and warrants · $5.7M (not counted above)
SecurityClassShares / PrincipalValueChange
GROY.WS Gold Royalty Corp. -29 *W EXP 05/31/202 2,200,000$3.9MNo change
MOBBW Mobilicom Ltd. -27 *W EXP 08/31/202 242,100$1.1MNo change
MTEKW Maris - Tech Ltd. -23 *W EXP 02/04/202 1,261,058$230KNo change
NXGLW Nexgel Inc. -CW26 *W EXP 12/27/202 550,000$165KNo change
BEATW Heartbeam Inc.-CW26 *W EXP 10/31/202 500,000$156KNo change
ONFOW Onfolio Holdings Inc. -27 *W EXP 01/02/202 400,000$100KNo change
MDCXW Medicus Pharma Ltd. -29 *W EXP 11/15/202 60,600$44KNo change
SWAGW Stran & Co. -CW26 *W EXP 99/99/999 545,000$36KNo change
RVSNW Rail Vision Ltd.-CW27 *W EXP 03/27/202 136,187$13KNo change
SQFTW Presidio Property TRST -CW27 *W EXP 01/24/202 200,000$7KNo change
IVDAW Iveda Solutions Inc. -CW27 *W EXP 04/01/202 18,125$2KNo change
KTTAW Pasithea Therapeutics -CW26 *W EXP 08/12/202 50,000$845No change
TNONW Tenon Medical Inc.-28 *W EXP 06/16/202 22,250$414No change

Total filed on the 13F, all lines: $3.2B.

Portfolio Sells Q2 2025 → Q3 2025
PTCT PTC Therapeutics Inc. Reduce -30.8% 6.32% −2.45
GRFS Grifols SA-ADR Reduce -69.4% 0.70% −1.80
STAA Staar Surgical Co. Sold out 0.00% −1.79
SUPN Supernus Pharmaceuticals Inc. Reduce -41.1% 4.26% −1.49
MCD McDonald's Corp. Reduce -83.4% 0.23% −1.36
BHVN Biohaven Ltd. Sold out 0.00% −1.14
PFGC Performance Food Group Co. Sold out 0.00% −0.93
ADBE Adobe Inc. Sold out 0.00% −0.87
EAT Brinker International Inc. Sold out 0.00% −0.86
IBRX Immunitybio Inc. Sold out 0.00% −0.78
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.69
PLNT Planet Fitness Inc. Class A Reduce -72.0% 0.18% −0.64
SNN Smith & Nephew PLC -Spon ADR Sold out 0.00% −0.61
AUPH Aurinia Pharmaceuticals Inc. Sold out 0.00% −0.52
AGIO Agios Pharmaceuticals Inc. Reduce -34.6% 0.96% −0.51
RIGL Rigel Pharmaceuticals Inc. Reduce -54.8% 0.65% −0.49
CHDN Churchill Downs Inc. Reduce -53.3% 0.28% −0.48
JNJ Johnson & Johnson Sold out 0.00% −0.44
ENR Energizer Holdings Inc. Sold out 0.00% −0.41
CENTA Central Garden and Pet Co. Class A Sold out 0.00% −0.38
INCY Incyte Corp. Reduce -12.6% 3.11% −0.34
ARGX Argenx SE - ADR Reduce -27.5% 1.35% −0.33
RRR Red Rock Resorts Inc. Class A Sold out 0.00% −0.32
QSR Restaurant Brands Intern Sold out 0.00% −0.31
DRI Darden Restaurants Inc. Sold out 0.00% −0.30
PII Polaris Inc. Sold out 0.00% −0.27
S Sentinelone Inc. Class A Reduce -10.1% 0.62% −0.24
HST Host Hotels & Resorts Inc. Sold out 0.00% −0.23
OFIX Orthofix Medical Inc. Reduce -24.9% 1.03% −0.23
FWRG First Watch Restaurant Group Sold out 0.00% −0.21
FLUT Flutter Entertainment PLC-Di Reduce -94.9% 0.01% −0.21
SAM Boston Beer Company Inc. Class A Sold out 0.00% −0.20
LTH Life Time Group Holdings Inc. Reduce -42.6% 0.15% −0.20
SXT Sensient Technologies Corp. Reduce -34.9% 0.20% −0.19
SHW The Sherwin-Williams Co. Reduce -80.1% 0.03% −0.14
DECK Deckers Outdoor Corp. Reduce -87.5% 0.02% −0.14
AZN Astrazeneca PLC-Spons ADR Sold out 0.00% −0.12
GKOS Glaukos Corp. Sold out 0.00% −0.12
WDAY Workday Inc. Class A Reduce -4.9% 0.46% −0.12
CCL Carnival Corp. Reduce -36.3% 0.14% −0.12
LLY Eli Lilly & Co. Sold out 0.00% −0.12
PDSB PDS Biotechnology Corp. Sold out 0.00% −0.11
AVPT Avepoint Inc. Sold out 0.00% −0.11
LIVN Livanova PLC Reduce -93.0% 0.01% −0.10
VRCA Verrica Pharmaceuticals Inc. Reduce -28.0% 0.09% −0.09
CPRI Capri Holdings Ltd. Sold out 0.00% −0.09
BJRI Bj's Restaurants Inc. Sold out 0.00% −0.08
KMX Carmax Inc. Sold out 0.00% −0.08
SNTI Senti Biosciences Inc. Sold out 0.00% −0.07
RMTI Rockwell Medical Inc. Sold out 0.00% −0.07

Portfolio Buys Q2 2025 → Q3 2025
XRAY Dentsply Sirona Inc. Add +1044.0% 2.29% +1.99
NVO Novo-Nordisk A/S-Spons ADR New 1.28% +1.28
SBUX Starbucks Corp. New 0.95% +0.95
BMY Bristol-Myers Squibb Co. New 0.92% +0.92
SNY Sanofi-ADR New 0.91% +0.91
CVS CVS Health Corp. New 0.69% +0.69
FRPT Freshpet Inc. Add +118.4% 2.14% +0.68
BABA Alibaba Group Holding-SP ADR Add +169.0% 0.88% +0.63
RBLX Roblox Corp. Class A New 0.55% +0.55
MLYS Mineralys Therapeutics Inc. Add +185.2% 0.61% +0.51
VRTX Vertex Pharmaceuticals Inc. New 0.50% +0.50
NBIS Nebius Group NV Add +72.0% 0.75% +0.49
GOOGL Alphabet Inc. Class A Add +21.2% 1.76% +0.49
CTOR Citius Oncology Inc. New 0.49% +0.49
HUM Humana Inc. New 0.42% +0.42
RH RH Add +306.8% 0.58% +0.42
TMO Thermo Fisher Scientific Inc. Add +83.6% 0.84% +0.38
VERA Vera Therapeutics Inc. Add +294.1% 0.49% +0.37
EW Edwards Lifesciences Corp. New 0.36% +0.36
NKTR Nektar Therapeutics Add +116.1% 0.48% +0.36
ELF Elf Beauty Inc. Add +186.2% 0.55% +0.33
PENN Penn Entertainment Inc. Add +48.8% 1.27% +0.32
WYNN WYNN Resorts Ltd. Add +160.7% 0.47% +0.31
BRBR Bellring Brands Inc. New 0.31% +0.31
AMZN Amazon.com Inc. Add +41.0% 2.14% +0.31
DYN Dyne Therapeutics Inc. Add +19.7% 1.22% +0.29
EXAS Exact Sciences Corp. Add +38.9% 1.77% +0.28
MDB Mongodb Inc. Add +8.6% 1.10% +0.27
FDMT 4D Molecular Therapeutics Inc. Add +265.3% 0.30% +0.26
APP AppLovin Corp. Class A Add +29.5% 0.44% +0.24
NUVB Nuvation Bio Inc. Add +359.2% 0.27% +0.23
PATH Uipath Inc. Class A Add +94.3% 0.57% +0.23
REGN Regeneron Pharmaceuticals Add +25.2% 2.21% +0.22
AXGN Axogen Inc. Add +8.0% 0.67% +0.22
ANF Abercrombie & Fitch Co. Class A New 0.21% +0.21
BILL Bill Holdings Inc. New 0.20% +0.20
HUBS HubSpot Inc. Add +103.7% 0.66% +0.20
ZETA Zeta Global Holdings Corp. Class A New 0.20% +0.20
WWW Wolverine World Wide Inc. New 0.18% +0.18
PONY Pony AI Inc. New 0.18% +0.18
NKE Nike Inc. Class B New 0.17% +0.17
ARVN Arvinas Inc. Add +114.3% 0.32% +0.17
TER Teradyne Inc. New 0.16% +0.16
PEGA Pegasystems Inc. New 0.16% +0.16
ZURA Zura Bio Ltd. Add +1.6% 0.21% +0.15
ULTA Ulta Beauty Inc. Add +81.4% 0.35% +0.15
BBOT Bridgebio Oncology Therapeut New 0.15% +0.15
TSM Taiwan Semiconductor-SP ADR Add +38.3% 0.50% +0.15
OS Onestream Inc. New 0.14% +0.14
LEN Lennar Corp. Class A Add +96.3% 0.31% +0.14

Options Activity Q2 2025 → Q3 2025
SPY SS SPDR S&P 500 ETF Trust-US put Add +2.0% 2,500,000 $1.7B
MDGL Madrigal Pharmaceuticals Inc. call Reduce -23.5% 130,000 $59.6M
CYTK Cytokinetics Inc. call Reduce -29.1% 950,000 $52.2M
AGIO Agios Pharmaceuticals Inc. call New 900,000 $36.1M
S Sentinelone Inc. Class A call New 1,400,000 $24.7M
FIVN FIVE9 Inc. call Reduce -54.2% 650,000 $15.7M
BHVN Biohaven Ltd. call New 250,000 $3.8M
DKNG Draftkings Inc. Class A put New 100,000 $3.7M
RDDT Reddit Inc. Class A call New 1,500 $345K

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

Notes & Other Activity Q2 2025 → Q3 2025
LCFYW Locafy Ltd.-CW27 *W EXP 03/29/202 Sold out 12,121 $126Kbefore exit
FGIWW Fgi Industries Ltd. -23 *W EXP 99/99/999 Sold out 933,333 $41Kbefore exit
BIAFW Bioaffinity Technologiew-27 *W EXP 09/07/202 Sold out 204,082 $27Kbefore exit
NXLIW Nexalin Technology Inc.- 27 *W EXP 99/99/999 Sold out 325,000 $15Kbefore exit
BNCWW Cea Industries Inc. -CW27 *W EXP 02/11/202 Sold out 58,333 $2Kbefore exit
BCTXW Briacell Therapeutics -CW27 *W EXP 02/26/202 Sold out 25,000 $2Kbefore exit
SBEVW Splash Beverage Group -CW *W EXP 06/15/202 Sold out 22,600 $486before exit
NLSPW NLS Pharmaceutics Ltd. -CW25 *W EXP 02/02/202 Sold out 12,500 $250before exit

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