Deerfield Management Company, L.P.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Deerfield Management Company, L.P. reported 418 stock positions worth $5.2 billion. Its top holding was Nuvalent Class A (NUVL) at 29.3% of the portfolio, followed by Viatris (VTRS, 4.4%) and Centene (CNC, 3.4%). Compared with Q1 2024, it opened 225 new positions, sold out of 160, added to 125 and reduced 41. The biggest buy was a new position in Waystar (WAY) and the biggest sale an exit from Fusion Pharmaceuticals (FUSN).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001009258
- Portfolio Value
- $5.2B (Q2 2024)
- SEC Filing
- 0000950159-24-000249 ↗ filed Aug 14, 2024
Holdings Value
Holdings 418 stocks · $5.2B
| NUVL Nuvalent Inc. Class A | 29.30% | 19,991,024 | $1.5B | No change |
| VTRS Viatris Inc. | 4.39% | 21,395,496 | $227.4M | Add +0.0% |
| CNC Centene Corp. | 3.40% | 2,650,122 | $175.7M | Add +11.3% |
| MRUS Merus NV | 3.14% | 2,749,401 | $162.7M | Add +3.8% |
| LRMR Larimar Therapeutics Inc. | 2.97% | 21,231,974 | $153.9M | No change |
| CPRX Catalyst Pharmaceuticals Inc. | 2.73% | 9,127,305 | $141.4M | Reduce -0.0% |
| AHCO Adapthealth Corp. | 2.56% | 13,257,940 | $132.6M | No change |
| RVMD Revolution Medicines Inc. | 2.32% | 3,090,073 | $119.9M | No change |
| SGRY Surgery Partners Inc. | 2.16% | 4,707,287 | $112.0M | Add +47.7% |
| KURA Kura Oncology Inc. | 2.15% | 5,411,571 | $111.4M | No change |
| OSCR Oscar Health Inc. Class A | 2.13% | 6,959,787 | $110.1M | Reduce -25.8% |
| BKD Brookdale Senior Living Inc. | 2.06% | 15,612,264 | $106.6M | No change |
| WAY Waystar Holding Corp. | 2.06% | 4,952,004 | $106.5M | New |
| GILD Gilead Sciences Inc. | 1.98% | 1,491,000 | $102.3M | New |
| NBIX Neurocrine Biosciences Inc. | 1.84% | 691,004 | $95.1M | No change |
| SPRY Ars Pharmaceuticals Inc. | 1.82% | 11,077,927 | $94.3M | No change |
| ACH Accendra Health Inc. filed as OWENS & MINOR INC NEW | 1.66% | 6,371,440 | $86.0M | Add +30.6% |
| ALHC Alignment Healthcare Inc. | 1.65% | 10,901,485 | $85.2M | Add +31.8% |
| IDYA Ideaya Biosciences Inc. | 1.42% | 2,097,113 | $73.6M | Reduce -20.3% |
| HLVX Hillevax Inc. | 1.12% | 4,004,231 | $57.9M | No change |
| CVS CVS Health Corp. | 1.11% | 975,000 | $57.6M | New |
| CGEM Cullinan Therapeutics Inc. | 1.11% | 3,280,237 | $57.2M | Add +188.1% |
| BAX Baxter International Inc. | 1.02% | 1,577,647 | $52.8M | Add +25590.4% |
| EWTX Edgewise Therapeutics Inc. | 1.00% | 2,874,586 | $51.8M | No change |
| BCRX Biocryst Pharmaceuticals Inc. | 0.97% | 8,135,804 | $50.3M | Add +62.9% |
| BNTX Biontech SE-ADR | 0.92% | 594,000 | $47.7M | Add +4.3% |
| IRON Disc Medicine Inc. | 0.89% | 1,023,265 | $46.1M | Add +53.8% |
| EHAB Enhabit Inc. | 0.86% | 4,997,746 | $44.6M | No change |
| CNMD Conmed Corp. | 0.85% | 631,264 | $43.8M | Add +86.7% |
| IART Integra Lifesciences Holding | 0.83% | 1,467,632 | $42.8M | Reduce -0.4% |
| BIO Bio-Rad Laboratories-A | 0.80% | 151,714 | $41.4M | Reduce -0.4% |
| DAWN Day One Biopharmaceuticals I | 0.78% | 2,923,137 | $40.3M | Add +65.6% |
| LKFT Lakefront Biotherapeutic-ADR filed as GALAPAGOS NV | 0.68% | 1,411,000 | $35.0M | No change |
| EMBC Embecta Corp. | 0.66% | 2,726,135 | $34.1M | No change |
| GPCR Structure Therapeutics Inc. | 0.64% | 844,407 | $33.2M | Reduce -18.3% |
| COGT Cogent Biosciences Inc. | 0.61% | 3,744,263 | $31.6M | Add +144.0% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.56% | 119,800 | $29.1M | New |
| CATX Perspective Therapeutics Inc. | 0.54% | 2,817,763 | $28.1M | New |
| PHVS Pharvaris NV | 0.51% | 1,397,279 | $26.3M | Add +31.6% |
| MREO Mereo Biopharma Group PL-ADR | 0.47% | 6,710,429 | $24.2M | New |
| PODD Insulet Corp. | 0.44% | 112,433 | $22.7M | Add +2.2% |
| NKTX Nkarta Inc. | 0.43% | 3,799,143 | $22.5M | Reduce -26.9% |
| DCGO Docgo Inc. | 0.43% | 7,195,956 | $22.2M | Add +41.0% |
| INMD Inmode Ltd. | 0.41% | 1,166,704 | $21.3M | No change |
| PACS Pacs Group Inc. | 0.38% | 663,851 | $19.6M | New |
| LNTH Lantheus Holdings Inc. | 0.37% | 240,218 | $19.3M | Add +0.0% |
| CSTL Castle Biosciences Inc. | 0.37% | 874,609 | $19.0M | Reduce -5.8% |
| NAMS Newamsterdam Pharma Co. NV | 0.32% | 869,250 | $16.7M | Add +30.3% |
| PRLD Prelude Therapeutics Inc. | 0.30% | 4,133,000 | $15.7M | No change |
| KYTX Kyverna Therapeutics Inc. | 0.29% | 1,983,000 | $14.9M | Add +35.6% |
| FHTX Foghorn Therapeutics Inc. | 0.28% | 2,518,500 | $14.5M | New |
| CGON CG Oncology Inc. | 0.26% | 433,540 | $13.7M | Add +812.0% |
| VTYX Ventyx Biosciences Inc. | 0.26% | 5,829,570 | $13.5M | Add +64.6% |
| TNGX Tango Therapeutics Inc. | 0.26% | 1,540,000 | $13.2M | No change |
| APGE Apogee Therapeutics Inc. | 0.25% | 329,000 | $12.9M | No change |
| AUTL Autolus Therapeutics PLC | 0.24% | 3,639,000 | $12.7M | No change |
| ACCD Accolade Inc. | 0.24% | 3,475,000 | $12.4M | Add +45.9% |
| FATE Fate Therapeutics Inc. | 0.23% | 3,555,871 | $11.7M | Add +62.3% |
| TXG 10X Genomics Inc. Class A | 0.22% | 597,000 | $11.6M | New |
| ITOS Iteos Therapeutics Inc. | 0.21% | 723,000 | $10.7M | No change |
| SLDB Solid Biosciences Inc. | 0.19% | 1,743,398 | $9.9M | Reduce -22.9% |
| EYPT Eyepoint Inc. | 0.15% | 877,790 | $7.6M | Add +51.5% |
| ALEC Alector Inc. | 0.10% | 1,148,326 | $5.2M | Add +7.0% |
| PRME Prime Medicine Inc. | 0.09% | 896,960 | $4.6M | Add +1.3% |
| PHR Phreesia Inc. | 0.08% | 192,347 | $4.1M | New |
| CALC Calcimedica Inc. | 0.08% | 1,000,000 | $4.0M | No change |
| GUTS Fractyl Health Inc. | 0.07% | 834,254 | $3.6M | No change |
| CABA Cabaletta Bio Inc. | 0.07% | 464,252 | $3.5M | Reduce -63.1% |
| ANNX Annexon Inc. | 0.06% | 583,913 | $2.9M | No change |
| AEROVATE THERAPEUTICS INC | 0.05% | 1,411,608 | $2.3M | New |
| KWR Quaker Chemical Corporation | 0.04% | 13,015 | $2.2M | New |
| DRI Darden Restaurants Inc. | 0.04% | 14,344 | $2.2M | Add +126.4% |
| JBL Jabil Inc. | 0.04% | 19,662 | $2.1M | New |
| BIOMX INC | 0.04% | 6,110,098 | $2.1M | No change |
| LOW Lowe's Cos Inc. | 0.03% | 8,113 | $1.8M | New |
| USAP Universal Stainless & Alloy | 0.03% | 65,060 | $1.8M | New |
| ZTS Zoetis Inc. | 0.03% | 10,078 | $1.7M | Add +140.6% |
| INOD Innodata Inc. | 0.03% | 111,814 | $1.7M | Add +309.5% |
| CVGW Calavo Growers Inc. | 0.03% | 70,514 | $1.6M | Add +566.9% |
| HUMA Humacyte Inc. | 0.03% | 322,851 | $1.5M | New |
| STLN Starling Oncology Inc. filed as THE ONCOLOGY INSTITUTE INC | 0.03% | 3,360,052 | $1.5M | No change |
| HXL Hexcel Corp. | 0.03% | 23,879 | $1.5M | Add +354.1% |
| CMAXQ Caremax Inc. | 0.03% | 530,232 | $1.5M | Add +0.2% |
| RMD Resmed Inc. | 0.03% | 7,576 | $1.5M | New |
| COO The Cooper Cos Inc. | 0.03% | 16,609 | $1.4M | Add +222.9% |
| MATW Matthews Intl Corp. Class A | 0.03% | 57,723 | $1.4M | Add +364.1% |
| INTU Intuit Inc. | 0.03% | 2,197 | $1.4M | New |
| CSV Carriage Services Inc. | 0.03% | 53,584 | $1.4M | Add +198.0% |
| TDY Teledyne Technologies Inc. | 0.03% | 3,656 | $1.4M | Add +274.6% |
| OMIC Singular Genomics Systems Inc. | 0.03% | 166,162 | $1.4M | No change |
| TMDX Transmedics Group Inc. | 0.03% | 9,298 | $1.4M | New |
| USNA Usana Health Sciences Inc. | 0.03% | 29,742 | $1.3M | Add +297.0% |
| CRMT America's Car-Mart Inc. | 0.03% | 22,267 | $1.3M | Add +459.9% |
| MAN Manpowergroup Inc. | 0.03% | 19,104 | $1.3M | Add +147.1% |
| VYX NCR Voyix Corp. | 0.03% | 107,398 | $1.3M | New |
| BCSF Bain Capital Specialty Finan | 0.03% | 79,569 | $1.3M | Add +213.8% |
| NVDA Nvidia Corp. | 0.02% | 10,400 | $1.3M | Add +9.6% |
| ZBRA Zebra Technologies Corp. Class A | 0.02% | 4,147 | $1.3M | New |
| RVTY Revvity Inc. | 0.02% | 12,058 | $1.3M | Add +200.5% |
| CDMO Avid Bioservices Inc. | 0.02% | 176,586 | $1.3M | Add +73.5% |
Other holdings (15): bonds, preferreds, convertibles and warrants · $835.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| INSMED INC (INSM 1.75 01/15/25) | NOTE 1.750% 1/1 · principal | 151,408,000 | $258.7M | Add +29.5% |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 174,364,000 | $164.5M | Add +68.9% |
| BROOKDALE SENIOR LIVING (BKD 2 10/15/26) | NOTE 2.000%10/1 · principal | 161,905,000 | $163.3M | No change |
| ACCOLADE INC (ACCD 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 132,598,000 | $115.5M | No change |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 70,000,000 | $93.8M | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 25,255,000 | $31.5M | No change |
| NEOGENOMICS INC (NEO 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 6,500,000 | $6.3M | No change |
| NAMSW Newamsterdam Pharma Co. NV-27 | *W EXP 99/99/999 | 92,787 | $809K | No change |
| TLSIW Medtech Acquisition Corp.-CW | *W EXP 08/10/202 | 333,333 | $543K | No change |
| QSIAW Quantum-Si Inc. -CW27 | *W EXP 06/10/202 | 333,333 | $42K | No change |
| STLNW Oncology Institute Inc. CW-22 | *W EXP 99/99/999 | 1,250,000 | $33K | No change |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | 166,666 | $27K | No change |
| BFLYW Butterfly Network Inc. -CW25 | *W EXP 02/12/202 | 733,333 | $17K | No change |
| CMXWQ Caremax-CW | *W EXP 06/08/202 | 672,000 | $9K | No change |
| SRZNW Surrozen Inc.-CW25 | *W EXP 08/01/203 | 166,666 | $3K | No change |
Total filed on the 13F, all lines: $6.0B.
Portfolio Sells Q1 2024 → Q2 2024
| FUSN Fusion Pharmaceuticals Inc. | Sold out | 0.00% | −2.62 |
| DCPH Deciphera Pharmaceuticals Inc. | Sold out | 0.00% | −1.55 |
| SWTX Springworks Therapeutics Inc. | Sold out | 0.00% | −1.21 |
| IDYA Ideaya Biosciences Inc. | Reduce -20.3% | 1.42% | −0.79 |
| VKTX Viking Therapeutics Inc. | Sold out | 0.00% | −0.73 |
| NKTX Nkarta Inc. | Reduce -26.9% | 0.43% | −0.64 |
| CATX Perspective Therapeutics Inc. | Sold out | 0.00% | −0.64 |
| OSCR Oscar Health Inc. Class A | Reduce -25.8% | 2.13% | −0.55 |
| SLDB Solid Biosciences Inc. | Reduce -22.9% | 0.19% | −0.39 |
| VSTM Verastem Inc. | Sold out | 0.00% | −0.35 |
| CABA Cabaletta Bio Inc. | Reduce -63.1% | 0.07% | −0.34 |
| QDEL Quidelortho Corp. | Sold out | 0.00% | −0.32 |
| GH Guardant Health Inc. | Sold out | 0.00% | −0.31 |
| ENGN Engene Holdings Inc. | Sold out | 0.00% | −0.26 |
| BIO Bio-Rad Laboratories-A | Reduce -0.4% | 0.80% | −0.21 |
| GPCR Structure Therapeutics Inc. | Reduce -18.3% | 0.64% | −0.21 |
| IART Integra Lifesciences Holding | Reduce -0.4% | 0.83% | −0.18 |
| REPL Replimune Group Inc. | Reduce -96.3% | 0.01% | −0.12 |
| WGS Genedx Holdings Corp. | Sold out | 0.00% | −0.11 |
| VIGL Vigil Neuroscience Inc. | Sold out | 0.00% | −0.06 |
| CPRX Catalyst Pharmaceuticals Inc. | Reduce -0.0% | 2.73% | −0.06 |
| CSTL Castle Biosciences Inc. | Reduce -5.8% | 0.37% | −0.03 |
| DXC DXC Technology Co. | Reduce -78.1% | 0.01% | −0.02 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.02 |
| APG Api Group Corp. | Sold out | 0.00% | −0.02 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.02 |
| SNX TD Synnex Corp. | Sold out | 0.00% | −0.02 |
| PII Polaris Inc. | Sold out | 0.00% | −0.02 |
| NABL N-Able Inc. | Sold out | 0.00% | −0.01 |
| SKYT Skywater Technology Inc. | Sold out | 0.00% | −0.01 |
| DRS Leonardo DRS Inc. | Sold out | 0.00% | −0.01 |
| FCN Fti Consulting Inc. | Sold out | 0.00% | −0.01 |
| AMED Amedisys Inc. | Sold out | 0.00% | −0.01 |
| PAG Penske Automotive Group Inc. | Sold out | 0.00% | −0.01 |
| SRCL Stericycle Inc. | Sold out | 0.00% | −0.01 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.01 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.01 |
| SCI Service Corp. International | Sold out | 0.00% | −0.01 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −0.01 |
| ENV Envestnet Inc. | Sold out | 0.00% | −0.01 |
| HCSG Healthcare Services Group | Sold out | 0.00% | −0.01 |
| IMNM Immunome Inc. | Sold out | 0.00% | −0.01 |
| OWL Blue Owl Capital Inc. | Reduce -69.3% | 0.00% | −0.01 |
| GCO Genesco Inc. | Sold out | 0.00% | −0.01 |
| BBY Best Buy Co. Inc. | Sold out | 0.00% | −0.01 |
| AMPY Amplify Energy Corp. | Sold out | 0.00% | −0.01 |
| BJ Bj's Wholesale Club Holdings | Sold out | 0.00% | −0.01 |
| AGIO Agios Pharmaceuticals Inc. | Sold out | 0.00% | −0.01 |
| EIG Employers Holdings Inc. | Sold out | 0.00% | −0.01 |
| GES Guess? Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| WAY Waystar Holding Corp. | New | 2.06% | +2.06 |
| GILD Gilead Sciences Inc. | New | 1.98% | +1.98 |
| CVS CVS Health Corp. | New | 1.11% | +1.11 |
| BAX Baxter International Inc. | Add +25590.4% | 1.02% | +1.01 |
| ALHC Alignment Healthcare Inc. | Add +31.8% | 1.65% | +0.86 |
| MRUS Merus NV | Add +3.8% | 3.14% | +0.85 |
| CGEM Cullinan Therapeutics Inc. | Add +188.1% | 1.11% | +0.73 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.56% | +0.56 |
| CATX Perspective Therapeutics Inc. | New | 0.54% | +0.54 |
| BCRX Biocryst Pharmaceuticals Inc. | Add +62.9% | 0.97% | +0.48 |
| MREO Mereo Biopharma Group PL-ADR | New | 0.47% | +0.47 |
| COGT Cogent Biosciences Inc. | Add +144.0% | 0.61% | +0.41 |
| PACS Pacs Group Inc. | New | 0.38% | +0.38 |
| SGRY Surgery Partners Inc. | Add +47.7% | 2.16% | +0.34 |
| CNMD Conmed Corp. | Add +86.7% | 0.85% | +0.33 |
| FHTX Foghorn Therapeutics Inc. | New | 0.28% | +0.28 |
| CGON CG Oncology Inc. | Add +812.0% | 0.26% | +0.22 |
| TXG 10X Genomics Inc. Class A | New | 0.22% | +0.22 |
| DAWN Day One Biopharmaceuticals I | Add +65.6% | 0.78% | +0.22 |
| IRON Disc Medicine Inc. | Add +53.8% | 0.89% | +0.10 |
| LNTH Lantheus Holdings Inc. | Add +0.0% | 0.37% | +0.09 |
| PHR Phreesia Inc. | New | 0.08% | +0.08 |
| PODD Insulet Corp. | Add +2.2% | 0.44% | +0.08 |
| AEROVATE THERAPEUTICS INC | New | 0.05% | +0.05 |
| KWR Quaker Chemical Corporation | New | 0.04% | +0.04 |
| JBL Jabil Inc. | New | 0.04% | +0.04 |
| PHVS Pharvaris NV | Add +31.6% | 0.51% | +0.04 |
| LOW Lowe's Cos Inc. | New | 0.03% | +0.03 |
| USAP Universal Stainless & Alloy | New | 0.03% | +0.03 |
| DCGO Docgo Inc. | Add +41.0% | 0.43% | +0.03 |
| HUMA Humacyte Inc. | New | 0.03% | +0.03 |
| INOD Innodata Inc. | Add +309.5% | 0.03% | +0.03 |
| RMD Resmed Inc. | New | 0.03% | +0.03 |
| INTU Intuit Inc. | New | 0.03% | +0.03 |
| TMDX Transmedics Group Inc. | New | 0.03% | +0.03 |
| VYX NCR Voyix Corp. | New | 0.03% | +0.03 |
| CVGW Calavo Growers Inc. | Add +566.9% | 0.03% | +0.03 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.02% | +0.02 |
| EPC Edgewell Personal Care Co. | New | 0.02% | +0.02 |
| AMAL Amalgamated Financial Corp. | New | 0.02% | +0.02 |
| YELP Yelp Inc. | New | 0.02% | +0.02 |
| AROC Archrock Inc. | New | 0.02% | +0.02 |
| KMT Kennametal Inc. | New | 0.02% | +0.02 |
| TTC Toro Co. | New | 0.02% | +0.02 |
| TFX Teleflex Inc. | New | 0.02% | +0.02 |
| OSG Octave Specialty Group Inc. | New | 0.02% | +0.02 |
| SNOW Snowflake Inc. | New | 0.02% | +0.02 |
| DRI Darden Restaurants Inc. | Add +126.4% | 0.04% | +0.02 |
| PRDO Perdoceo Education Corp. | New | 0.02% | +0.02 |
| HXL Hexcel Corp. | Add +354.1% | 0.03% | +0.02 |
Notes & Other Activity Q1 2024 → Q2 2024
| INSMED INC (INSM 1.75 01/15/25) | NOTE 1.750% 1/1 · principal | Add +29.5% | 151,408,000 | $258.7M |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | Add +68.9% | 174,364,000 | $164.5M |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | New | 70,000,000 | $93.8M |
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 | 69 | $8.0B | NUVL, RVMD, PRAX, VTRS, CNC |
| Q1 2026 | 69 | $7.2B | NUVL, COGT, PRAX, VTRS, UTHR |
| Q4 2025 | 135 | $6.8B | NUVL, COGT, PRAX, CNC, VTRS |
| Q3 2025 | 138 | $6.0B | NUVL, CNC, MRUS, VTRS, UTHR |
| Q2 2025 | 110 | $4.9B | NUVL, OSCR, VTRS, MRUS, CNC |
| Q1 2025 | 109 | $4.4B | NUVL, VTRS, NBIX, CNC, OSCR |
| Q4 2024 | 93 | $4.7B | NUVL, VTRS, CNC, OSCR, RVMD |
| Q3 2024 | 430 | $6.0B | NUVL, VTRS, CNC, MRUS, OSCR |
| Q2 2024 | 418 | $5.2B | NUVL, VTRS, CNC, MRUS, LRMR |
| Q1 2024 | 353 | $5.2B | NUVL, VTRS, CNC, LRMR, AHCO |