Birchview Capital, LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed June 30, 2025), Birchview Capital, LP reported 68 stock positions worth $122.9 million. Its top holding was Bristol-Myers Squibb (BMY) at 31.5% of the portfolio, followed by Biodesix (BDSX, 7.1%) and Acadia Pharmaceuticals (ACAD, 5.1%). Compared with Q3 2024, it opened 10 new positions, sold out of 3, added to 12 and reduced 8. The biggest buy was Docgo (DCGO, shares +48%) and the biggest sale Foghorn Therapeutics (FHTX, shares −3%).

Most Recent 13F
Q2 2026
Location
BURLINGTON, VT
CIK
0001618205
Portfolio Value
$122.9M (Q4 2024)
SEC Filing
0001618205-25-000008 ↗ filed Jun 30, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $122.7M Q1 2024 Q2 2024: $108.2M Q2 2024 Q3 2024: $115.5M Q3 2024 Q4 2024: $122.9M $122.9M Q4 2024 Q1 2025: $115.2M Q1 2025 Q2 2025: $100.7M Q2 2025 Q3 2025: $132.4M Q3 2025 Q4 2025: $170.8M Q4 2025 Q1 2026: $175.7M Q1 2026 Q2 2026: $213.8M Q2 2026

Holdings 68 stocks · $122.9M

BMY Bristol-Myers Squibb Co. 31.53% 685,182 $38.8M Reduce -0.1%
BDSX Biodesix Inc. 7.14% 5,736,113 $8.8M Add +0.7%
ACAD Acadia Pharmaceuticals Inc. 5.05% 338,400 $6.2M Reduce -15.5%
ELUT Elutia Inc. 3.73% 1,225,489 $4.6M Reduce -7.3%
PRTA Prothena Corp. PLC 3.43% 304,574 $4.2M Add +45.3%
NBIX Neurocrine Biosciences Inc. 3.36% 30,240 $4.1M No change
CORT Corcept Therapeutics Inc. 3.03% 74,000 $3.7M No change
UTHR United Therapeutics Corp. 2.87% 10,000 $3.5M No change
AXGN Axogen Inc. 2.64% 197,000 $3.2M No change
DCGO Docgo Inc. 2.64% 764,062 $3.2M Add +48.4%
QDEL Quidelortho Corp. 2.45% 67,619 $3.0M No change
PHR Phreesia Inc. 2.35% 114,700 $2.9M No change
TVTX Travere Therapeutics Inc. 2.10% 148,000 $2.6M No change
MASI Masimo Corp. 2.06% 15,280 $2.5M No change
HROW Harrow Inc. 1.99% 72,910 $2.4M No change
STOK Stoke Therapeutics Inc. 1.88% 210,000 $2.3M No change
OVV Ovintiv Inc. 1.72% 52,200 $2.1M No change
CSTL Castle Biosciences Inc. 1.69% 78,000 $2.1M Add +34.5%
PTGX Protagonist Therapeutics Inc. 1.51% 48,000 $1.9M No change
EQT Eqt Corp. 1.30% 34,619 $1.6M No change
FHTX Foghorn Therapeutics Inc. 1.19% 310,930 $1.5M Reduce -3.1%
ALKS Alkermes PLC 1.17% 50,000 $1.4M No change
TMCI Treace Medical Concepts Inc. 0.98% 161,350 $1.2M Add +136.1%
NVCR Novocure Ltd. 0.75% 31,000 $924K Add +55.0%
TXG 10X Genomics Inc. Class A 0.58% 50,000 $718K Add +66.7%
RARE Ultragenyx Pharmaceutical Inc. 0.55% 16,000 $673K New
XNCR Xencor Inc. 0.49% 26,000 $597K Add +111.4%
KNSA Kiniksa Pharmaceuticals Ltd. 0.48% 30,000 $593K No change
KALV Kalvista Pharmaceuticals Inc. 0.46% 67,000 $567K Reduce -18.3%
ATEC Alphatec Holdings Inc. 0.43% 58,000 $532K Reduce -70.7%
CADL Candel Therapeutics Inc. 0.42% 60,000 $521K New
WVE Wave Life Sciences Ltd. 0.40% 40,000 $495K No change
INBX Inhibrx Biosciences Inc. 0.40% 32,110 $494K No change
HALO Halozyme Therapeutics Inc. 0.39% 10,000 $478K No change
CYTK Cytokinetics Inc. 0.38% 10,000 $470K No change
APLS Apellis Pharmaceuticals Inc. 0.36% 14,000 $447K No change
SRPT Sarepta Therapeutics Inc. 0.35% 3,500 $426K Add +40.0%
OM Outset Medical Inc. 0.33% 368,766 $409K Add +3587.7%
XENE Xenon Pharmaceuticals Inc. 0.32% 10,000 $392K No change
ACCELERATE DIAGNOSTICS INC 0.32% 325,239 $390K No change
TELA Tela Bio Inc. 0.31% 125,000 $378K New
SWTX Springworks Therapeutics Inc. 0.29% 10,000 $361K No change
QURE Uniqure NV 0.29% 20,000 $353K No change
LUNG Pulmonx Corp. 0.28% 51,000 $346K New
SRRK Scholar Rock Holding Corp. 0.28% 8,000 $346K New
AXSM Axsome Therapeutics Inc. 0.28% 4,000 $338K No change
BCRX Biocryst Pharmaceuticals Inc. 0.24% 40,000 $301K No change
ATRA Atara Biotherapeutics Inc. 0.24% 22,000 $293K New
ARVN Arvinas Inc. 0.23% 15,000 $288K No change
KPTI Karyopharm Therapeutics Inc. 0.23% 419,832 $284K Reduce -10.6%
BIOHAVEN PHARMACEUTICAL HOLD 0.22% 7,365 $275K No change
FOLD Amicus Therapeutics Inc. 0.21% 28,000 $264K No change
CGEM Cullinan Therapeutics Inc. 0.20% 20,000 $244K No change
KROS Keros Therapeutics Inc. 0.19% 15,000 $237K Add +114.3%
BPMC Blueprint Medicines Corp. 0.19% 2,700 $235K No change
MLTX Moonlake Immunotherapeutics 0.18% 4,000 $217K New
ZBIO Zenas Biopharma Inc. 0.11% 16,500 $135K New
TECL Dire Dai Tec Bull 3X ETF-Usd 0.10% 18,000 $128K New
GOSS Gossamer Bio Inc. 0.10% 138,176 $125K No change
IFRX Inflarx NV 0.10% 50,000 $124K No change
LQDA Liquidia Corp. 0.10% 10,000 $118K No change
CHRS Coherus Oncology Inc. 0.09% 82,000 $113K Reduce -78.0%
NPCE Neuropace Inc. 0.09% 10,000 $112K New
ALMS Alumis Inc. 0.06% 10,000 $79K No change
VTYX Ventyx Biosciences Inc. 0.05% 28,800 $63K No change
ZNTL Zentalis Pharmaceuticals Inc. 0.04% 17,000 $52K Add +6.3%
TSVT 2SEVENTY Bio Inc. 0.04% 15,833 $47K No change
CERO THERAPEUTICS HLDGS INC 0.00% 12,972 $778 No change

Portfolio Sells Q3 2024 → Q4 2024

FHTX Foghorn Therapeutics Inc. Reduce -3.1% 1.19% −1.39
ELUT Elutia Inc. Reduce -7.3% 3.73% −0.63
ATEC Alphatec Holdings Inc. Reduce -70.7% 0.43% −0.52
KALV Kalvista Pharmaceuticals Inc. Reduce -18.3% 0.46% −0.36
PGNY Progyny Inc. Sold out 0.00% −0.32
ACAD Acadia Pharmaceuticals Inc. Reduce -15.5% 5.05% −0.28
CHRS Coherus Oncology Inc. Reduce -78.0% 0.09% −0.24
KPTI Karyopharm Therapeutics Inc. Reduce -10.6% 0.23% −0.11
BLUEBIRD BIO INC Sold out 0.00% −0.10
CABA Cabaletta Bio Inc. Sold out 0.00% −0.04
BMY Bristol-Myers Squibb Co. Reduce -0.1% 31.53% +0.79

Portfolio Buys Q3 2024 → Q4 2024

DCGO Docgo Inc. Add +48.4% 2.64% +1.16
TMCI Treace Medical Concepts Inc. Add +136.1% 0.98% +0.63
RARE Ultragenyx Pharmaceutical Inc. New 0.55% +0.55
NVCR Novocure Ltd. Add +55.0% 0.75% +0.48
CADL Candel Therapeutics Inc. New 0.42% +0.42
PRTA Prothena Corp. PLC Add +45.3% 3.43% +0.40
OM Outset Medical Inc. Add +3587.7% 0.33% +0.33
TELA Tela Bio Inc. New 0.31% +0.31
LUNG Pulmonx Corp. New 0.28% +0.28
SRRK Scholar Rock Holding Corp. New 0.28% +0.28
XNCR Xencor Inc. Add +111.4% 0.49% +0.27
CSTL Castle Biosciences Inc. Add +34.5% 1.69% +0.26
ATRA Atara Biotherapeutics Inc. New 0.24% +0.24
MLTX Moonlake Immunotherapeutics New 0.18% +0.18
ZBIO Zenas Biopharma Inc. New 0.11% +0.11
TECL Dire Dai Tec Bull 3X ETF-Usd New 0.10% +0.10
NPCE Neuropace Inc. New 0.09% +0.09
SRPT Sarepta Therapeutics Inc. Add +40.0% 0.35% +0.08
TXG 10X Genomics Inc. Class A Add +66.7% 0.58% −0.00
ZNTL Zentalis Pharmaceuticals Inc. Add +6.3% 0.04% −0.01
KROS Keros Therapeutics Inc. Add +114.3% 0.19% −0.16
BDSX Biodesix Inc. Add +0.7% 7.14% −1.62

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 72$213.8MKLAC, BMY, LRCX, NTLA, SLDB
Q1 2026 73$175.7MKLAC, BMY, CMPX, LRCX, STOK
Q4 2025 68$170.8MKLAC, BMY, CMPX, STOK, LRCX
Q3 2025 69$132.4MKLAC, BMY, CORT, PRTA, STOK
Q2 2025 71$100.7MBMY, KLAC, CORT, OVV, ACAD
Q1 2025 68$115.2MBMY, CORT, ACAD, PRTA, BDSX
Q4 2024Amended 68$122.9MBMY, BDSX, ACAD, ELUT, PRTA
Q3 2024Amended 61$115.5MBMY, BDSX, ACAD, ELUT, UTHR
Q2 2024Amended 60$108.2MBMY, BDSX, ELUT, NBIX, SILK
Q1 2024Amended 59$122.7MBMY, NBIX, BDSX, ELUT, ACAD