DCF Advisers, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), DCF Advisers, LLC reported 79 stock positions worth $191.8 million. Its top holding was Micron Technology (MU) at 9.5% of the portfolio, followed by Alphabet Class C (GOOG, 6.1%) and Argenx SE - ADR (ARGX, 5.7%). Compared with Q2 2024, it opened 4 new positions, sold out of 6, added to 18 and reduced 33. The biggest buy was Amazon.com (AMZN, shares +103%) and the biggest sale Regeneron Pharmaceuticals (REGN, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- MOUNT PLEASANT, SC
- CIK
- 0001802493
- Portfolio Value
- $191.8M (Q3 2024)
- SEC Filing
- 0001013594-24-000932 ↗ filed Nov 13, 2024
Holdings Value
Holdings 79 stocks · $191.8M
| MU Micron Technology Inc. | 9.55% | 176,500 | $18.3M | Add +10.3% |
| GOOG Alphabet Inc. Class C | 6.07% | 69,650 | $11.6M | Reduce -2.8% |
| ARGX Argenx SE - ADR | 5.65% | 20,000 | $10.8M | No change |
| REGN Regeneron Pharmaceuticals | 4.25% | 7,750 | $8.1M | Reduce -25.5% |
| ITCI Intra-Cellular Therapies Inc. | 3.83% | 100,507 | $7.4M | No change |
| AMZN Amazon.com Inc. | 3.35% | 34,500 | $6.4M | Add +102.9% |
| AMD Advanced Micro Devices | 3.25% | 38,000 | $6.2M | No change |
| LLY Eli Lilly & Co. | 3.23% | 7,000 | $6.2M | No change |
| ABBV Abbvie Inc. | 3.19% | 31,000 | $6.1M | Reduce -2.5% |
| ORCL Oracle Corp. | 3.11% | 35,000 | $6.0M | Reduce -4.8% |
| IAU iShares Gold Trust | 2.59% | 100,000 | $5.0M | No change |
| ET Energy Transfer LP | 2.59% | 309,250 | $5.0M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.47% | 119,500 | $4.7M | Reduce -4.7% |
| BABA Alibaba Group Holding-SP ADR | 2.39% | 43,250 | $4.6M | Reduce -3.5% |
| GLD SPDR Gold Shares | 2.28% | 18,000 | $4.4M | Reduce -18.2% |
| SLV iShares Silver Trust | 2.21% | 149,500 | $4.2M | Add +2.0% |
| XNCR Xencor Inc. | 2.20% | 209,479 | $4.2M | Add +0.2% |
| BIDU Baidu Inc. - Spon ADR | 1.95% | 35,500 | $3.7M | Add +18.3% |
| AMGN Amgen Inc. | 1.85% | 11,000 | $3.5M | Add +29.4% |
| INCY Incyte Corp. | 1.66% | 48,250 | $3.2M | Reduce -6.3% |
| TPB Turning Point Brands Inc. | 1.62% | 71,800 | $3.1M | Reduce -2.7% |
| GDX Vaneck Gold Miners ETF | 1.56% | 75,000 | $3.0M | Add +26.1% |
| ZBH Zimmer Biomet Holdings Inc. | 1.31% | 23,319 | $2.5M | Add +7.4% |
| XAODX Abrdn Total Dynamic Dividend | 1.24% | 261,500 | $2.4M | No change |
| IWM iShares Russell 2000 ETF | 1.24% | 10,750 | $2.4M | Reduce -6.5% |
| C Citigroup Inc. | 1.22% | 37,500 | $2.3M | Add +167.9% |
| XJQCX Nuveen Credit Strategies Inc. | 1.17% | 386,389 | $2.2M | Reduce -8.4% |
| TEVA Teva Pharmaceutical-SP ADR | 1.06% | 113,000 | $2.0M | Reduce -13.6% |
| DE Deere & Co. | 0.98% | 4,500 | $1.9M | Add +28.6% |
| AAPL Apple Inc. | 0.97% | 8,000 | $1.9M | Reduce -55.6% |
| URNM Sprott Uranium Miners ETF | 0.97% | 40,500 | $1.9M | Add +161.3% |
| PRTA Prothena Corp. PLC | 0.94% | 107,500 | $1.8M | No change |
| CSCO Cisco Systems Inc. | 0.83% | 30,000 | $1.6M | Reduce -7.7% |
| IONS Ionis Pharmaceuticals Inc. | 0.83% | 39,500 | $1.6M | Add +71.7% |
| BHVN Biohaven Ltd. | 0.81% | 31,000 | $1.5M | Reduce -40.0% |
| LFCR Lifecore Biomedical Inc. | 0.74% | 288,478 | $1.4M | Reduce -0.8% |
| B Barrick Gold Corp. | 0.73% | 70,000 | $1.4M | Reduce -34.9% |
| GM General Motors Co. | 0.70% | 30,000 | $1.3M | Reduce -14.3% |
| ZM Zoom Communications Inc. filed as ZOOM VIDEO COMMUNICATIONS IN | 0.64% | 17,500 | $1.2M | Reduce -41.7% |
| QCOM Qualcomm Inc. | 0.62% | 7,000 | $1.2M | No change |
| SPOT Spotify Technology SA | 0.61% | 3,165 | $1.2M | Reduce -13.3% |
| META Meta Platforms Inc. Class A | 0.60% | 2,000 | $1.1M | No change |
| LNSR Lensar Inc. | 0.57% | 240,600 | $1.1M | Reduce -0.4% |
| BOXX Alpha Architect 1-3 MNTH Box | 0.56% | 9,875 | $1.1M | No change |
| F Ford Motor Co. filed as FORD MTR CO | 0.55% | 100,000 | $1.1M | No change |
| INTC Intel Corp. | 0.55% | 45,000 | $1.1M | Add +20.0% |
| ZLAB Zai Lab Ltd.-ADR | 0.53% | 42,250 | $1.0M | Add +38.8% |
| PFE Pfizer Inc. | 0.52% | 34,350 | $994K | Reduce -2.5% |
| OI O-I Glass Inc. | 0.51% | 74,250 | $974K | Reduce -18.2% |
| STEW SRH Total Return Fund Inc. | 0.49% | 59,000 | $932K | No change |
| GDXJ Vaneck Junior Gold Miners | 0.48% | 19,000 | $927K | Add +38.7% |
| MRVL Marvell Technology Inc. | 0.47% | 12,500 | $902K | Reduce -28.6% |
| AVGO Broadcom Inc. | 0.45% | 5,000 | $863K | Reduce -48.7% |
| EVO Evotec SE - Spon ADR | 0.41% | 217,055 | $792K | Add +88.8% |
| BNED Barnes & Noble Education Inc. | 0.41% | 84,500 | $782K | Add +9.0% |
| PYPL PayPal Holdings Inc. | 0.41% | 10,000 | $780K | Reduce -9.1% |
| BUR Burford Capital Ltd. | 0.36% | 52,000 | $690K | No change |
| SNY Sanofi-ADR | 0.33% | 11,000 | $634K | No change |
| BA The Boeing Co. | 0.33% | 4,150 | $631K | Reduce -10.8% |
| FLUT Flutter Entertainment PLC-Di | 0.31% | 2,500 | $593K | Reduce -21.9% |
| EEM iShares MSCI Emerging Market | 0.30% | 12,500 | $573K | No change |
| NAMS Newamsterdam Pharma Co. NV | 0.29% | 34,000 | $564K | New |
| TDOC Teladoc Health Inc. | 0.25% | 52,500 | $482K | No change |
| ARQ Arq Inc. | 0.22% | 73,000 | $429K | Add +231.8% |
| RPRX Royalty Pharma PLC Class A | 0.22% | 15,000 | $424K | New |
| LRCX Lam Research Corp. | 0.21% | 500 | $408K | No change |
| PANW Palo Alto Networks Inc. | 0.18% | 1,000 | $342K | No change |
| VRDN Viridian Therapeutics Inc. | 0.17% | 14,500 | $330K | Reduce -18.3% |
| MEOH Methanex Corp. | 0.16% | 7,500 | $310K | New |
| ALT Altimmune Inc. | 0.12% | 37,868 | $233K | Reduce -11.7% |
| T AT&T Inc. | 0.12% | 10,200 | $224K | Reduce -78.6% |
| NOK Nokia Corp.-Spon ADR | 0.11% | 50,000 | $219K | No change |
| WOLF Wolfspeed Inc. | 0.10% | 20,600 | $200K | No change |
| NN Nextnav Inc. | 0.07% | 17,000 | $127K | New |
| RVNC Revance Therapeutics Inc. | 0.05% | 19,417 | $101K | Reduce -92.2% |
| LCTX Lineage Cell Therapeutics Inc. | 0.05% | 107,751 | $98K | No change |
| TBHC Brand House Collective Inc./T filed as KIRKLANDS INC | 0.03% | 25,415 | $56K | No change |
| EQ Equillium Inc. | 0.01% | 32,962 | $27K | No change |
| OVID Ovid Therapeutics Inc. | 0.01% | 14,750 | $17K | Reduce -64.7% |
Options reported separately and not counted above: VOO puts ($47.3M), GLD puts ($1.6M), MU puts ($1.2M), AAPL puts ($1.2M), ORCL puts ($1.0M), TEVA calls ($604K), GDX puts ($597K), AMZN calls ($559K), BIDU puts ($526K), BIDU calls ($421K), ALT calls ($350K), MU calls ($259K), and 4 more.
Other holdings (2): bonds, preferreds, convertibles and warrants · $2.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ESPERION THERAPEUTICS (ESPR 4 11/15/25) | NOTE 4.000%11/1 · principal | 2,250,000 | $2.1M | Reduce -11.8% |
| COHERUS ONCOLOGY INC (CHRS 1.5 04/15/26) | NOTE 1.500% 4/1 · principal | 350,000 | $275K | Reduce -74.1% |
Total filed on the 13F, all lines: $194.2M.
Portfolio Sells Q2 2024 → Q3 2024
| REGN Regeneron Pharmaceuticals | Reduce -25.5% | 4.25% | −1.58 |
| AAPL Apple Inc. | Reduce -55.6% | 0.97% | −1.05 |
| GOOG Alphabet Inc. Class C | Reduce -2.8% | 6.07% | −0.93 |
| AVGO Broadcom Inc. | Reduce -48.7% | 0.45% | −0.38 |
| T AT&T Inc. | Reduce -78.6% | 0.12% | −0.37 |
| ZM Zoom Communications Inc. | Reduce -41.7% | 0.64% | −0.31 |
| RVNC Revance Therapeutics Inc. | Reduce -92.2% | 0.05% | −0.29 |
| GLD SPDR Gold Shares | Reduce -18.2% | 2.28% | −0.24 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.23 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.23 |
| B Barrick Gold Corp. | Reduce -34.9% | 0.73% | −0.23 |
| BAC Bank of America Corp. | Reduce -4.7% | 2.47% | −0.18 |
| MRVL Marvell Technology Inc. | Reduce -28.6% | 0.47% | −0.18 |
| IOT Samsara Inc. Class A | Sold out | 0.00% | −0.18 |
| GM General Motors Co. | Reduce -14.3% | 0.70% | −0.17 |
| BHVN Biohaven Ltd. | Reduce -40.0% | 0.81% | −0.15 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.14 |
| JFR Nuveen Floating Rate Income | Sold out | 0.00% | −0.14 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.12 |
| BA The Boeing Co. | Reduce -10.8% | 0.33% | −0.12 |
| XJQCX Nuveen Credit Strategies Inc. | Reduce -8.4% | 1.17% | −0.08 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -13.6% | 1.06% | −0.07 |
| LFCR Lifecore Biomedical Inc. | Reduce -0.8% | 0.74% | −0.05 |
| ALT Altimmune Inc. | Reduce -11.7% | 0.12% | −0.03 |
| OI O-I Glass Inc. | Reduce -18.2% | 0.51% | −0.03 |
| OVID Ovid Therapeutics Inc. | Reduce -64.7% | 0.01% | −0.01 |
| PFE Pfizer Inc. | Reduce -2.5% | 0.52% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -6.5% | 1.24% | −0.01 |
| LNSR Lensar Inc. | Reduce -0.4% | 0.57% | −0.00 |
| SPOT Spotify Technology SA | Reduce -13.3% | 0.61% | −0.00 |
| FLUT Flutter Entertainment PLC-Di | Reduce -21.9% | 0.31% | −0.00 |
| INCY Incyte Corp. | Reduce -6.3% | 1.66% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -7.7% | 0.83% | +0.01 |
| VRDN Viridian Therapeutics Inc. | Reduce -18.3% | 0.17% | +0.05 |
| PYPL PayPal Holdings Inc. | Reduce -9.1% | 0.41% | +0.07 |
| ABBV Abbvie Inc. | Reduce -2.5% | 3.19% | +0.28 |
| ORCL Oracle Corp. | Reduce -4.8% | 3.11% | +0.34 |
| TPB Turning Point Brands Inc. | Reduce -2.7% | 1.62% | +0.35 |
| BABA Alibaba Group Holding-SP ADR | Reduce -3.5% | 2.39% | +0.67 |
Portfolio Buys Q2 2024 → Q3 2024
| AMZN Amazon.com Inc. | Add +102.9% | 3.35% | +1.60 |
| C Citigroup Inc. | Add +167.9% | 1.22% | +0.75 |
| BIDU Baidu Inc. - Spon ADR | Add +18.3% | 1.95% | +0.57 |
| URNM Sprott Uranium Miners ETF | Add +161.3% | 0.97% | +0.56 |
| GDX Vaneck Gold Miners ETF | Add +26.1% | 1.56% | +0.48 |
| AMGN Amgen Inc. | Add +29.4% | 1.85% | +0.43 |
| NAMS Newamsterdam Pharma Co. NV | New | 0.29% | +0.29 |
| DE Deere & Co. | Add +28.6% | 0.98% | +0.28 |
| ZLAB Zai Lab Ltd.-ADR | Add +38.8% | 0.53% | +0.25 |
| IONS Ionis Pharmaceuticals Inc. | Add +71.7% | 0.83% | +0.24 |
| RPRX Royalty Pharma PLC Class A | New | 0.22% | +0.22 |
| GDXJ Vaneck Junior Gold Miners | Add +38.7% | 0.48% | +0.18 |
| MEOH Methanex Corp. | New | 0.16% | +0.16 |
| ARQ Arq Inc. | Add +231.8% | 0.22% | +0.15 |
| BNED Barnes & Noble Education Inc. | Add +9.0% | 0.41% | +0.14 |
| SLV iShares Silver Trust | Add +2.0% | 2.21% | +0.14 |
| EVO Evotec SE - Spon ADR | Add +88.8% | 0.41% | +0.12 |
| XNCR Xencor Inc. | Add +0.2% | 2.20% | +0.09 |
| NN Nextnav Inc. | New | 0.07% | +0.07 |
| ZBH Zimmer Biomet Holdings Inc. | Add +7.4% | 1.31% | +0.06 |
| INTC Intel Corp. | Add +20.0% | 0.55% | −0.07 |
| MU Micron Technology Inc. | Add +10.3% | 9.55% | −1.67 |
Options Activity Q2 2024 → Q3 2024
| VOO Vanguard S&P 500 ETF | put | New | 89,600 | $47.3M |
| GLD SPDR Gold Shares | put | New | 6,500 | $1.6M |
| MU Micron Technology Inc. | put | New | 11,500 | $1.2M |
| AAPL Apple Inc. | put | Add +150.0% | 5,000 | $1.2M |
| ORCL Oracle Corp. | put | New | 6,000 | $1.0M |
| TEVA Teva Pharmaceutical-SP ADR | call | Add +123.3% | 33,500 | $604K |
| GDX Vaneck Gold Miners ETF | put | New | 15,000 | $597K |
| BIDU Baidu Inc. - Spon ADR | put | New | 5,000 | $526K |
| BIDU Baidu Inc. - Spon ADR | call | New | 4,000 | $421K |
| ALT Altimmune Inc. | call | Reduce -47.2% | 57,000 | $350K |
| DE Deere & Co. | call | Sold out | 800 | $299Kbefore exit |
| SHOP Shopify Inc. Class A | call | Sold out | 4,000 | $264Kbefore exit |
| MU Micron Technology Inc. | call | New | 2,500 | $259K |
| ZBH Zimmer Biomet Holdings Inc. | call | Sold out | 2,000 | $217Kbefore exit |
| IONS Ionis Pharmaceuticals Inc. | call | Add +700.0% | 4,000 | $160K |
| C Citigroup Inc. | call | New | 2,500 | $157K |
| GDX Vaneck Gold Miners ETF | call | New | 2,500 | $100K |
| BHVN Biohaven Ltd. | put | Sold out | 1,500 | $52Kbefore exit |
| RPRX Royalty Pharma PLC Class A | call | New | 1,000 | $28K |
| ESPR Esperion Therapeutics Inc. | call | Sold out | 250 | $555before exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| ESPERION THERAPEUTICS (ESPR 4 11/15/25) | NOTE 4.000%11/1 · principal | Reduce -11.8% | 2,250,000 | $2.1M |
| REVANCE THERAPEUTICS INC (RVNC 1.75 02/15/27) | NOTE 1.750% 2/1 · principal | Sold out | 600,000 | $387Kbefore exit |
| COHERUS ONCOLOGY INC (CHRS 1.5 04/15/26) | NOTE 1.500% 4/1 · principal | Reduce -74.1% | 350,000 | $275K |
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 | 80 | $382.2M | MU, GOOG, AMD, AMZN, ARGX |
| Q1 2026 | 72 | $265.3M | MU, GOOG, ARGX, CRVS, TEVA |
| Q4 2025 | 75 | $302.8M | MU, GOOG, TEVA, ARGX, GDX |
| Q3 2025 | 78 | $264.0M | MU, GOOG, ARGX, GDX, ORCL |
| Q2 2025 | 74 | $207.9M | MU, GOOG, AMZN, ARGX, ORCL |
| Q1 2025 | 74 | $185.8M | MU, GOOG, ARGX, AMZN, IAU |
| Q4 2024 | 78 | $197.6M | MU, ARGX, GOOG, ITCI, AMZN |
| Q3 2024 | 79 | $191.8M | MU, GOOG, ARGX, REGN, ITCI |
| Q2 2024 | 81 | $187.6M | MU, GOOG, REGN, ARGX, ITCI |
| Q1 2024 | 69 | $162.5M | MU, GOOG, REGN, ARGX, AMD |