TCG Crossover Management, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), TCG Crossover Management, LLC reported 54 stock positions worth $4.2 billion. Its top holding was Abivax SA-ADR (ABVX) at 19.2% of the portfolio, followed by Tango Therapeutics (TNGX, 6.8%) and CG Oncology (CGON, 6.3%). Compared with Q1 2026, it opened 12 new positions, sold out of 7, added to 2 and reduced 9. The biggest buy was a new position in Zai Lab Ltd.-ADR (ZLAB) and the biggest sale an exit from Centessa Pharmaceuticals (CNTA).

Most Recent 13F
Q2 2026
Location
PALO ALTO, CA
CIK
0001839948
Portfolio Value
$4.2B (Q2 2026)
SEC Filing
0001214659-26-010290 ↗ filed Aug 14, 2026

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $1.3B Q1 2024 Q2 2024: $959.5M Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $733.1M Q1 2025 Q2 2025: $875.5M Q2 2025 Q3 2025: $2.0B Q3 2025 Q4 2025: $3.0B Q4 2025 Q1 2026: $3.5B Q1 2026 Q2 2026: $4.2B $4.2B Q2 2026

Holdings 54 stocks · $4.2B

ABVX Abivax SA-ADR 19.24% 6,007,834 $800.6M Reduce -7.3%
TNGX Tango Therapeutics Inc. 6.82% 9,081,201 $283.9M Reduce -13.8%
CGON CG Oncology Inc. 6.27% 3,670,206 $260.8M No change
COGT Cogent Biosciences Inc. 4.52% 4,854,436 $187.9M Reduce -1.9%
IMVT Immunovant Inc. 4.13% 4,457,988 $171.8M No change
SYRE Spyre Therapeutics Inc. 4.06% 1,900,582 $168.7M No change
DNTH Dianthus Therapeutics Inc. 3.93% 1,676,624 $163.4M No change
MIRM Mirum Pharmaceuticals Inc. 2.99% 1,062,049 $124.3M No change
ZLAB Zai Lab Ltd.-ADR 2.80% 6,137,627 $116.6M New
AMLX Amylyx Pharmaceuticals Inc. 2.70% 6,243,812 $112.1M No change
GLUE Monte Rosa Therapeutics Inc. 2.69% 4,622,151 $111.9M No change
BCRX Biocryst Pharmaceuticals Inc. 2.65% 11,020,968 $110.2M No change
VOR Vor Biopharma Inc. 2.51% 5,673,078 $104.4M No change
TYRA Tyra Biosciences Inc. 2.49% 3,248,980 $103.8M No change
DYN Dyne Therapeutics Inc. 2.46% 4,615,144 $102.5M No change
IRON Disc Medicine Inc. 2.36% 1,341,862 $98.1M No change
RLAY Relay Therapeutics Inc. 1.92% 4,273,356 $80.0M No change
SVRA Savara Inc. 1.83% 12,362,205 $76.2M No change
AURA Aura Biosciences Inc. 1.63% 9,533,333 $67.7M New
RVMD Revolution Medicines Inc. 1.53% 340,899 $63.8M Reduce -40.9%
TRAX First Tracks Biotherapeutics 1.40% 2,895,304 $58.3M New
KOD Kodiak Sciences Inc. 1.35% 1,445,538 $56.3M No change
AVTX Avalo Therapeutics Inc. 1.34% 3,017,120 $55.8M Add +308.6%
LBRX LB Pharmaceuticals Inc. 1.13% 1,447,310 $47.0M Reduce -21.3%
IPSC Century Therapeutics Inc. 1.04% 17,754,430 $43.4M No change
TECX Tectonic Therapeutic Inc. 1.00% 1,204,891 $41.4M No change
XNCR Xencor Inc. 0.95% 2,452,138 $39.5M No change
SRZN Surrozen Inc. 0.92% 1,473,101 $38.2M No change
EDIT Editas Medicine Inc. 0.87% 11,111,111 $36.0M New
MBX MBX Biosciences Inc. 0.86% 650,000 $35.9M No change
PHVS Pharvaris NV 0.84% 1,008,229 $34.9M New
SLN Silence Therapeutics PLC-ADR 0.80% 3,033,560 $33.3M No change
IFRX Inflarx NV 0.78% 14,500,000 $32.5M New
ALT Altimmune Inc. 0.73% 10,000,000 $30.4M New
JANX Janux Therapeutics Inc. 0.66% 1,789,617 $27.5M No change
CATX Perspective Therapeutics Inc. 0.65% 7,915,567 $27.0M No change
AGMB Agomab Therapeutics NV 0.64% 2,053,233 $26.7M No change
BHVN Biohaven Ltd. 0.64% 1,779,952 $26.5M Reduce -61.6%
AKTS Aktis Oncology Inc. 0.54% 696,560 $22.5M New
ALEC Alector Inc. 0.48% 10,000,000 $20.1M No change
FBRX Forte Biosciences Inc. 0.47% 920,000 $19.6M New
MNPR Monopar Therapeutics Inc. 0.45% 203,327 $18.8M Add +53.9%
OCUL Ocular Therapeutix Inc. 0.39% 1,647,752 $16.2M No change
ADCT Adc Therapeutics SA 0.29% 11,390,175 $12.2M No change
ALXO Alx Oncology Holdings Inc. 0.28% 5,655,487 $11.7M Reduce -56.5%
TRDA Entrada Therapeutics Inc. 0.19% 1,060,230 $7.8M Reduce -53.6%
CGEM Cullinan Therapeutics Inc. 0.18% 406,786 $7.4M No change
ARVN Arvinas Inc. 0.14% 707,098 $5.9M Reduce -70.4%
KRRO Korro Bio Inc. 0.13% 416,301 $5.5M No change
RACC Research Alliance Corp. Class A 0.13% 500,000 $5.3M New
LONA Leonabio Inc. 0.10% 464,398 $4.3M No change
JATT Jatt II Acquisition Corp. 0.05% 200,000 $2.3M New
CNTX Context Therapeutics Inc. 0.04% 2,682,696 $1.5M No change
EIKN Eikon Therapeutics Inc. 0.01% 37,902 $495K New

Portfolio Sells Q1 2026 → Q2 2026

CNTA Centessa Pharmaceuticals Ltd. Sold out 0.00% −4.87
ABVX Abivax SA-ADR Reduce -7.3% 19.24% −1.40
FULC Fulcrum Therapeutics Inc. Sold out 0.00% −1.15
COGT Cogent Biosciences Inc. Reduce -1.9% 4.52% −0.93
TRDA Entrada Therapeutics Inc. Reduce -53.6% 0.19% −0.64
ARVN Arvinas Inc. Reduce -70.4% 0.14% −0.58
BHVN Biohaven Ltd. Reduce -61.6% 0.64% −0.48
ALXO Alx Oncology Holdings Inc. Reduce -56.5% 0.28% −0.47
LQDA Liquidia Corp. Sold out 0.00% −0.44
URGN Urogen Pharma Ltd. Sold out 0.00% −0.21
GPCR Structure Therapeutics Inc. Sold out 0.00% −0.19
LBRX LB Pharmaceuticals Inc. Reduce -21.3% 1.13% −0.17
RVMD Revolution Medicines Inc. Reduce -40.9% 1.53% −0.07
UPB Upstream Bio Inc. Sold out 0.00% −0.05
VTGN Vistagen Therapeutics Inc. Sold out 0.00% −0.04
TNGX Tango Therapeutics Inc. Reduce -13.8% 6.82% +0.52

Portfolio Buys Q1 2026 → Q2 2026

ZLAB Zai Lab Ltd.-ADR New 2.80% +2.80
AURA Aura Biosciences Inc. New 1.63% +1.63
TRAX First Tracks Biotherapeutics New 1.40% +1.40
AVTX Avalo Therapeutics Inc. Add +308.6% 1.34% +1.02
EDIT Editas Medicine Inc. New 0.87% +0.87
PHVS Pharvaris NV New 0.84% +0.84
IFRX Inflarx NV New 0.78% +0.78
ALT Altimmune Inc. New 0.73% +0.73
AKTS Aktis Oncology Inc. New 0.54% +0.54
FBRX Forte Biosciences Inc. New 0.47% +0.47
MNPR Monopar Therapeutics Inc. Add +53.9% 0.45% +0.25
RACC Research Alliance Corp. Class A New 0.13% +0.13
JATT Jatt II Acquisition Corp. New 0.05% +0.05
EIKN Eikon Therapeutics Inc. New 0.01% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 54$4.2BABVX, TNGX, CGON, COGT, IMVT
Q1 2026 49$3.5BABVX, CGON, TNGX, COGT, CNTA
Q4 2025 43$3.0BABVX, COGT, CGON, TNGX, CNTA
Q3 2025 40$2.0BABVX, CGON, COGT, AMLX, CNTA
Q2 2025 37$875.5MCGON, TNGX, COGT, OCUL, CDTX
Q1 2025 37$733.1MCGON, COGT, CNTA, MLYS, OCUL
Q4 2024 38$1.0BCGON, DYN, XNCR, COGT, CNTA
Q3 2024 36$1.2BCGON, DYN, COGT, ABVX, EWTX
Q2 2024 32$959.5MCGON, DYN, ABVX, SLN, COGT
Q1 2024 33$1.3BCGON, DYN, ATXS, SLN, GPCR