DCF Advisers, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), DCF Advisers, LLC reported 72 stock positions worth $265.3 million. Its top holding was Micron Technology (MU) at 19.1% of the portfolio, followed by Alphabet Class C (GOOG, 6.2%) and Argenx SE - ADR (ARGX, 4.0%). Compared with Q4 2025, it opened 5 new positions, sold out of 8, added to 11 and reduced 29. The biggest buy was Zoom Communications (ZM, shares +54%) and the biggest sale Ionis Pharmaceuticals (IONS, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- MOUNT PLEASANT, SC
- CIK
- 0001802493
- Portfolio Value
- $265.3M (Q1 2026)
- SEC Filing
- 0001013594-26-000560 ↗ filed May 11, 2026
Holdings Value
Holdings 72 stocks · $265.3M
| MU Micron Technology Inc. | 19.10% | 150,000 | $50.7M | Reduce -10.3% |
| GOOG Alphabet Inc. Class C | 6.16% | 57,000 | $16.4M | No change |
| ARGX Argenx SE - ADR | 4.03% | 14,650 | $10.7M | Add +7.3% |
| CRVS Corvus Pharmaceuticals Inc. | 3.52% | 637,500 | $9.3M | Reduce -12.6% |
| TEVA Teva Pharmaceutical-SP ADR | 3.41% | 300,000 | $9.0M | Reduce -22.1% |
| IAU iShares Gold Trust | 3.32% | 100,000 | $8.8M | No change |
| AMZN Amazon.com Inc. | 2.98% | 38,000 | $7.9M | Add +18.8% |
| LLY Eli Lilly & Co. | 2.88% | 8,300 | $7.6M | No change |
| REGN Regeneron Pharmaceuticals | 2.69% | 9,250 | $7.1M | Reduce -7.5% |
| AMD Advanced Micro Devices | 2.22% | 29,000 | $5.9M | Reduce -3.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.20% | 119,500 | $5.8M | No change |
| ET Energy Transfer LP | 2.19% | 300,500 | $5.8M | No change |
| GDX Vaneck Gold Miners ETF | 2.16% | 62,500 | $5.7M | Reduce -42.9% |
| GLD SPDR Gold Shares | 1.95% | 12,000 | $5.2M | Reduce -7.7% |
| NAMS Newamsterdam Pharma Co. NV | 1.94% | 160,600 | $5.1M | No change |
| BABA Alibaba Group Holding-SP ADR | 1.82% | 38,500 | $4.8M | Add +2.9% |
| BIDU Baidu Inc. - Spon ADR | 1.72% | 41,000 | $4.6M | Add +1.2% |
| CSCO Cisco Systems Inc. | 1.61% | 55,000 | $4.3M | Add +10.0% |
| IONS Ionis Pharmaceuticals Inc. | 1.59% | 56,000 | $4.2M | Reduce -45.6% |
| ORCL Oracle Corp. | 1.58% | 28,500 | $4.2M | No change |
| C Citigroup Inc. | 1.54% | 36,000 | $4.1M | No change |
| UBER Uber Technologies Inc. | 1.49% | 55,000 | $4.0M | No change |
| INCY Incyte Corp. | 1.47% | 41,500 | $3.9M | No change |
| ZM Zoom Communications Inc. | 1.41% | 46,500 | $3.7M | Add +53.7% |
| HELP Cybin Inc. | 1.25% | 691,988 | $3.3M | Reduce -10.8% |
| VRTX Vertex Pharmaceuticals Inc. | 1.18% | 7,000 | $3.1M | Add +16.7% |
| GDXJ Vaneck Junior Gold Miners | 1.13% | 25,000 | $3.0M | Reduce -5.7% |
| ZBH Zimmer Biomet Holdings Inc. | 1.04% | 30,500 | $2.8M | No change |
| SLV iShares Silver Trust | 1.03% | 40,000 | $2.7M | Reduce -44.8% |
| MRVL Marvell Technology Inc. | 1.03% | 27,500 | $2.7M | No change |
| EVO Evotec SE - Spon ADR | 1.00% | 1,065,274 | $2.7M | Reduce -11.2% |
| XAODX Abrdn Total Dynamic Dividend | 0.92% | 266,000 | $2.4M | No change |
| B Barrick Gold Corp. | 0.92% | 60,000 | $2.4M | No change |
| ABBV Abbvie Inc. | 0.88% | 10,750 | $2.3M | No change |
| XJQCX Nuveen Credit Strategies Inc. | 0.87% | 476,336 | $2.3M | Add +16.5% |
| URNM Sprott Uranium Miners ETF | 0.83% | 35,000 | $2.2M | No change |
| AMGN Amgen Inc. | 0.80% | 6,000 | $2.1M | Reduce -55.6% |
| BNED Barnes & Noble Education Inc. | 0.66% | 196,943 | $1.7M | Reduce -8.4% |
| LRCX Lam Research Corp. | 0.60% | 7,500 | $1.6M | No change |
| LFCR Lifecore Biomedical Inc. | 0.60% | 424,500 | $1.6M | Reduce -4.0% |
| INTC Intel Corp. | 0.58% | 35,000 | $1.5M | Reduce -12.5% |
| AVGO Broadcom Inc. | 0.57% | 4,875 | $1.5M | Add +8.3% |
| AAPL Apple Inc. | 0.55% | 5,750 | $1.5M | Reduce -37.8% |
| LYFT LYFT Inc. Class A | 0.51% | 102,500 | $1.4M | Reduce -31.7% |
| GPCR Structure Therapeutics Inc. | 0.50% | 27,500 | $1.3M | Reduce -8.3% |
| QCOM Qualcomm Inc. | 0.50% | 10,250 | $1.3M | No change |
| XNCR Xencor Inc. | 0.47% | 103,736 | $1.3M | Reduce -33.0% |
| ZLAB Zai Lab Ltd.-ADR | 0.45% | 63,500 | $1.2M | Reduce -34.9% |
| META Meta Platforms Inc. Class A | 0.43% | 2,000 | $1.1M | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.43% | 5,750 | $1.1M | Reduce -74.0% |
| BHVN Biohaven Ltd. | 0.39% | 123,500 | $1.0M | Reduce -18.5% |
| ALLT Allot Ltd. | 0.39% | 156,500 | $1.0M | Add +117.4% |
| ANAB Anaptysbio Inc. | 0.39% | 18,775 | $1.0M | Reduce -46.7% |
| GM General Motors Co. | 0.35% | 12,500 | $931K | No change |
| STEW SRH Total Return Fund Inc. | 0.32% | 50,000 | $855K | No change |
| ARQ Arq Inc. | 0.32% | 327,803 | $839K | Add +25.8% |
| QURE Uniqure NV | 0.30% | 49,000 | $801K | New |
| IMRX Immuneering Corp. Class A | 0.28% | 141,462 | $746K | Reduce -34.2% |
| IWM iShares Russell 2000 ETF | 0.28% | 3,000 | $744K | No change |
| PRTA Prothena Corp. PLC | 0.27% | 73,247 | $712K | Reduce -62.6% |
| LNSR Lensar Inc. | 0.27% | 118,217 | $705K | No change |
| OI O-I Glass Inc. | 0.24% | 60,000 | $631K | Reduce -7.3% |
| VRDN Viridian Therapeutics Inc. | 0.24% | 32,150 | $629K | Reduce -39.0% |
| TPB Turning Point Brands Inc. | 0.23% | 7,000 | $608K | No change |
| SPOT Spotify Technology SA | 0.23% | 1,250 | $606K | No change |
| MSFT Microsoft Corp. | 0.21% | 1,500 | $555K | New |
| SNPS Synopsys Inc. | 0.19% | 1,250 | $496K | New |
| PINS Pinterest Inc. Class A | 0.17% | 25,000 | $459K | New |
| CMPS Compass Pathways PLC | 0.09% | 42,500 | $235K | New |
| IFRX Inflarx NV | 0.05% | 158,500 | $142K | No change |
| ARDX Ardelyx Inc. | 0.05% | 20,000 | $120K | No change |
| ALT Altimmune Inc. | 0.02% | 14,700 | $45K | Reduce -21.4% |
Options reported separately and not counted above: QQQ puts ($72.7M), SPY puts ($14.0M), SMH puts ($12.3M), GOOGL puts ($5.5M), CSCO puts ($1.2M), BHVN calls ($1.1M), SBUX calls ($896K), AMZN calls ($521K), SPOT puts ($485K), MSFT calls ($370K), IBIT calls ($288K), SNY calls ($265K), and 2 more.
Portfolio Sells Q4 2025 → Q1 2026
| IONS Ionis Pharmaceuticals Inc. | Reduce -45.6% | 1.59% | −1.11 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.97 |
| GDX Vaneck Gold Miners ETF | Reduce -42.9% | 2.16% | −0.94 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -74.0% | 0.43% | −0.92 |
| HELP Cybin Inc. | Reduce -10.8% | 1.25% | −0.84 |
| AMGN Amgen Inc. | Reduce -55.6% | 0.80% | −0.66 |
| LFCR Lifecore Biomedical Inc. | Reduce -4.0% | 0.60% | −0.60 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -22.1% | 3.41% | −0.56 |
| SLV iShares Silver Trust | Reduce -44.8% | 1.03% | −0.51 |
| LYFT LYFT Inc. Class A | Reduce -31.7% | 0.51% | −0.45 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.39 |
| PRTA Prothena Corp. PLC | Reduce -62.6% | 0.27% | −0.35 |
| SNY Sanofi-ADR | Sold out | 0.00% | −0.34 |
| TDOC Teladoc Health Inc. | Sold out | 0.00% | −0.32 |
| XNCR Xencor Inc. | Reduce -33.0% | 0.47% | −0.31 |
| VRDN Viridian Therapeutics Inc. | Reduce -39.0% | 0.24% | −0.30 |
| AAPL Apple Inc. | Reduce -37.8% | 0.55% | −0.28 |
| EVO Evotec SE - Spon ADR | Reduce -11.2% | 1.00% | −0.22 |
| GPCR Structure Therapeutics Inc. | Reduce -8.3% | 0.50% | −0.19 |
| IMRX Immuneering Corp. Class A | Reduce -34.2% | 0.28% | −0.19 |
| ANAB Anaptysbio Inc. | Reduce -46.7% | 0.39% | −0.17 |
| BHVN Biohaven Ltd. | Reduce -18.5% | 0.39% | −0.17 |
| ZLAB Zai Lab Ltd.-ADR | Reduce -34.9% | 0.45% | −0.12 |
| CTLP Cantaloupe Inc. | Sold out | 0.00% | −0.12 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.10 |
| OI O-I Glass Inc. | Reduce -7.3% | 0.24% | −0.08 |
| MEOH Methanex Corp. | Sold out | 0.00% | −0.07 |
| BUR Burford Capital Ltd. | Sold out | 0.00% | −0.06 |
| ALT Altimmune Inc. | Reduce -21.4% | 0.02% | −0.01 |
| BNED Barnes & Noble Education Inc. | Reduce -8.4% | 0.66% | +0.00 |
| INTC Intel Corp. | Reduce -12.5% | 0.58% | +0.09 |
| AMD Advanced Micro Devices | Reduce -3.3% | 2.22% | +0.10 |
| GDXJ Vaneck Junior Gold Miners | Reduce -5.7% | 1.13% | +0.14 |
| REGN Regeneron Pharmaceuticals | Reduce -7.5% | 2.69% | +0.15 |
| GLD SPDR Gold Shares | Reduce -7.7% | 1.95% | +0.25 |
| CRVS Corvus Pharmaceuticals Inc. | Reduce -12.6% | 3.52% | +1.66 |
| MU Micron Technology Inc. | Reduce -10.3% | 19.10% | +3.34 |
Portfolio Buys Q4 2025 → Q1 2026
| ZM Zoom Communications Inc. | Add +53.7% | 1.41% | +0.55 |
| AMZN Amazon.com Inc. | Add +18.8% | 2.98% | +0.54 |
| CSCO Cisco Systems Inc. | Add +10.0% | 1.61% | +0.34 |
| QURE Uniqure NV | New | 0.30% | +0.30 |
| VRTX Vertex Pharmaceuticals Inc. | Add +16.7% | 1.18% | +0.28 |
| ARGX Argenx SE - ADR | Add +7.3% | 4.03% | +0.24 |
| MSFT Microsoft Corp. | New | 0.21% | +0.21 |
| XJQCX Nuveen Credit Strategies Inc. | Add +16.5% | 0.87% | +0.20 |
| SNPS Synopsys Inc. | New | 0.19% | +0.19 |
| PINS Pinterest Inc. Class A | New | 0.17% | +0.17 |
| ALLT Allot Ltd. | Add +117.4% | 0.39% | +0.16 |
| CMPS Compass Pathways PLC | New | 0.09% | +0.09 |
| AVGO Broadcom Inc. | Add +8.3% | 0.57% | +0.05 |
| ARQ Arq Inc. | Add +25.8% | 0.32% | +0.04 |
| BABA Alibaba Group Holding-SP ADR | Add +2.9% | 1.82% | +0.01 |
| BIDU Baidu Inc. - Spon ADR | Add +1.2% | 1.72% | −0.03 |
Options Activity Q4 2025 → Q1 2026
| QQQ Invesco QQQ Trust Series 1 | put | Add +6200.0% | 126,000 | $72.7M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -68.8% | 21,500 | $14.0M |
| SMH Vaneck Semiconductor ETF | put | New | 32,000 | $12.3M |
| MU Micron Technology Inc. | put | Sold out | 22,500 | $6.4Mbefore exit |
| GOOGL Alphabet Inc. Class A | put | Add +280.0% | 19,000 | $5.5M |
| TEVA Teva Pharmaceutical-SP ADR | put | Sold out | 97,500 | $3.0Mbefore exit |
| SOXX iShares Semiconductor ETF | put | Sold out | 10,000 | $3.0Mbefore exit |
| CSCO Cisco Systems Inc. | put | New | 15,000 | $1.2M |
| GDX Vaneck Gold Miners ETF | put | Sold out | 15,000 | $1.1Mbefore exit |
| BHVN Biohaven Ltd. | call | Add +186.2% | 134,500 | $1.1M |
| AMGN Amgen Inc. | call | Sold out | 3,000 | $982Kbefore exit |
| UBER Uber Technologies Inc. | put | Sold out | 10,000 | $980Kbefore exit |
| SBUX Starbucks Corp. | call | Add +100.0% | 10,000 | $896K |
| ZM Zoom Communications Inc. | call | Sold out | 10,000 | $863Kbefore exit |
| DOCU Docusign Inc. | call | Sold out | 9,500 | $650Kbefore exit |
| AMZN Amazon.com Inc. | call | New | 2,500 | $521K |
| SPOT Spotify Technology SA | put | New | 1,000 | $485K |
| BIIB Biogen Inc. | call | Sold out | 2,500 | $440Kbefore exit |
| MSFT Microsoft Corp. | call | New | 1,000 | $370K |
| LYFT LYFT Inc. Class A | call | Sold out | 17,500 | $339Kbefore exit |
| TEVA Teva Pharmaceutical-SP ADR | call | Sold out | 10,000 | $312Kbefore exit |
| IBIT iShares Bitcoin Trust ETF | call | New | 7,500 | $288K |
| SNY Sanofi-ADR | call | New | 5,500 | $265K |
| VRTX Vertex Pharmaceuticals Inc. | call | Sold out | 500 | $227Kbefore exit |
| SNPS Synopsys Inc. | call | New | 500 | $198K |
| BIDU Baidu Inc. - Spon ADR | call | Sold out | 1,500 | $196Kbefore exit |
| ALT Altimmune Inc. | call | Reduce -76.6% | 37,000 | $114K |
| ZLAB Zai Lab Ltd.-ADR | put | Sold out | 1,500 | $26Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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 |