ADAR1 Capital Management, LLC Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$1.4T
Holdings
256
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (256 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | SLNOSOLENO THERAPEUTICS INC | 41,830 | $1.9B | 0.14% | |
| 102 | ABOSACUMEN PHARMACEUTICALS INC | 891,183 | $1.9B | 0.14% | |
| 103 | ACRSACLARIS THERAPEUTICS INC | 613,986 | $1.8B | 0.13% | |
| 104 | PFEPFIZER INC | 72,400 | $1.8B | 0.13% | |
| 105 | BIOABIOAGE LABS INC | 135,560 | $1.8B | 0.13% | |
| 106 | ALKSALKERMES PLC | 63,700 | $1.8B | 0.13% | |
| 107 | GMEDGLOBUS MED INC | 20,100 | $1.8B | 0.13% | |
| 108 | ALECALECTOR INC | 1,108,000 | $1.7B | 0.13% | |
| 109 | OMEROMEROS CORP | 100,000 | $1.7B | 0.12% | Put |
| 110 | RCKTROCKET PHARMACEUTICALS INC | 475,800 | $1.7B | 0.12% | |
| 111 | WWWW INTL INC | 57,100 | $1.7B | 0.12% | |
| 112 | AQSTAQUESTIVE THERAPEUTICS INC | 254,000 | $1.6B | 0.12% | Put |
| 113 | SMMTSUMMIT THERAPEUTICS INC | 91,869 | $1.6B | 0.12% | |
| 114 | CCIICOHEN CIRCLE ACQUISIT CORP I | 150,000 | $1.6B | 0.11% | |
| 115 | SUPNSUPERNUS PHARMACEUTICALS INC | 29,742 | $1.5B | 0.11% | |
| 116 | INSPINSPIRE MED SYS INC | 15,000 | $1.4B | 0.10% | |
| 117 | NRIXNURIX THERAPEUTICS INC | 72,070 | $1.4B | 0.10% | |
| 118 | JAZZJAZZ PHARMACEUTICALS PLC | 8,000 | $1.4B | 0.10% | |
| 119 | OABIOMNIAB INC | 702,190 | $1.3B | 0.09% | |
| 120 | TNGXTANGO THERAPEUTICS INC | 140,021 | $1.2B | 0.09% | |
| 121 | ADGMADAGIO MED HLDGS INC | 1,159,614 | $1.2B | 0.09% | |
| 122 | KNSAKINIKSA PHARMACEUTICALS INTL | 28,728 | $1.2B | 0.09% | |
| 123 | SYRESPYRE THERAPEUTICS INC | 34,051 | $1.1B | 0.08% | |
| 124 | ACETADICET BIO INC | 128,646 | $1.1B | 0.08% | |
| 125 | BMYBRISTOL-MYERS SQUIBB CO | 20,000 | $1.1B | 0.08% | |
| 126 | TNYATENAYA THERAPEUTICS INC | 1,505,300 | $1.1B | 0.08% | |
| 127 | DYNDYNE THERAPEUTICS INC | 52,674 | $1.0B | 0.07% | Call |
| 128 | BSAABEST SPAC I ACQUISITION CORP | 100,000 | $1.0B | 0.07% | |
| 129 | MRKMERCK & CO INC | 9,640 | $1.0B | 0.07% | |
| 130 | CCCXCHURCHILL CAP CORP X | 64,887 | $1.0B | 0.07% | |
| 131 | EAELECTRONIC ARTS INC | 4,936 | $1.0B | 0.07% | |
| 132 | MCKMCKESSON CORP | 1,200 | $984.0M | 0.07% | |
| 133 | CNTACENTESSA PHARMACEUTICALS PLC | 38,566 | $964.0M | 0.07% | |
| 134 | BNTXBIONTECH SE | 10,000 | $952.0M | 0.07% | |
| 135 | VKTXVIKING THERAPEUTICS INC | 26,494 | $932.0M | 0.07% | |
| 136 | UTHUNITED THERAPEUTICS CORP DEL | 1,900 | $925.0M | 0.07% | |
| 137 | PLYMPLYMOUTH INDL REIT INC | 41,065 | $898.0M | 0.07% | |
| 138 | KVACKEEN VISION ACQUISITION CORP | 75,000 | $881.0M | 0.06% | Call |
| 139 | FDMT4D MOLECULAR THERAPEUTICS IN | 116,712 | $875.0M | 0.06% | |
| 140 | DNLIDENALI THERAPEUTICS INC | 52,116 | $860.0M | 0.06% | |
| 141 | XNCRXENCOR INC | 56,165 | $859.0M | 0.06% | |
| 142 | LQDALIQUIDIA CORPORATION | 24,500 | $845.0M | 0.06% | Put |
| 143 | KLRSKALARIS THERAPEUTICS INC | 100,000 | $844.0M | 0.06% | |
| 144 | QNRXQUOIN PHARMACEUTICALS LTD | 58,230 | $840.0M | 0.06% | |
| 145 | AZNASTRAZENECA PLC | 9,000 | $827.0M | 0.06% | |
| 146 | GILDGILEAD SCIENCES INC | 6,666 | $818.0M | 0.06% | |
| 147 | AVTRAVANTOR INC | 70,000 | $802.0M | 0.06% | |
| 148 | AREALEXANDRIA REAL ESTATE EQ IN | 16,300 | $797.0M | 0.06% | |
| 149 | LUNGPULMONX CORP | 355,410 | $785.0M | 0.06% | |
| 150 | IBIOIBIO INC | 405,531 | $782.0M | 0.06% | |
| 151 | TENXTENAX THERAPEUTICS INC | 63,673 | $776.0M | 0.06% | |
| 152 | STROSUTRO BIOPHARMA INC | 67,077 | $776.0M | 0.06% | |
| 153 | BMRNBIOMARIN PHARMACEUTICAL INC | 12,900 | $766.0M | 0.06% | |
| 154 | VERAVERA THERAPEUTICS INC | 14,733 | $746.0M | 0.05% | |
| 155 | CMPXCOMPASS THERAPEUTICS INC | 139,000 | $746.0M | 0.05% | |
| 156 | KZRKEZAR LIFE SCIENCES INC | 117,440 | $738.0M | 0.05% | |
| 157 | VTYXVENTYX BIOSCIENCES INC | 81,600 | $736.0M | 0.05% | |
| 158 | GHGUARDANT HEALTH INC | 7,000 | $714.0M | 0.05% | |
| 159 | PHATPHATHOM PHARMACEUTICALS INC | 42,900 | $711.0M | 0.05% | |
| 160 | LRMRLARIMAR THERAPEUTICS INC | 185,689 | $707.0M | 0.05% | |
| 161 | IDYAIDEAYA BIOSCIENCES INC | 20,000 | $691.0M | 0.05% | |
| 162 | ARVNARVINAS INC | 58,091 | $688.0M | 0.05% | |
| 163 | NUVLNUVALENT INC | 6,842 | $688.0M | 0.05% | |
| 164 | ASMBASSEMBLY BIOSCIENCES INC | 19,747 | $671.0M | 0.05% | |
| 165 | FWRDFORWARD AIR CORP | 26,635 | $665.0M | 0.05% | |
| 166 | ENTAENANTA PHARMACEUTICALS INC | 41,357 | $652.0M | 0.05% | |
| 167 | ORKAORUKA THERAPEUTICS INC | 20,840 | $631.0M | 0.05% | |
| 168 | NGNENEUROGENE INC | 30,633 | $631.0M | 0.05% | |
| 169 | TECXTECTONIC THERAPEUTIC INC | 30,007 | $625.0M | 0.05% | |
| 170 | SRPTSAREPTA THERAPEUTICS INC | 28,866 | $621.0M | 0.04% | |
| 171 | ISRGINTUITIVE SURGICAL INC | 1,020 | $577.0M | 0.04% | |
| 172 | KYTXKYVERNA THERAPEUTICS INC | 57,428 | $539.0M | 0.04% | |
| 173 | BABAALIBABA GROUP HLDG LTD | 3,578 | $524.0M | 0.04% | |
| 174 | MDGLMADRIGAL PHARMACEUTICALS INC | 895 | $521.0M | 0.04% | |
| 175 | CGEMCULLINAN THERAPEUTICS INC | 50,000 | $517.0M | 0.04% | |
| 176 | CNTXCONTEXT THERAPEUTICS INC | 351,094 | $516.0M | 0.04% | |
| 177 | GTERAGLOBA TERRA ACQUISITION COR | 50,000 | $514.0M | 0.04% | |
| 178 | USFRWISDOMTREE TR | 10,000 | $503.0M | 0.04% | |
| 179 | APLSAPELLIS PHARMACEUTICALS INC | 20,000 | $502.0M | 0.04% | |
| 180 | NTRANATERA INC | 2,147 | $491.0M | 0.04% | |
| 181 | VTGNVISTAGEN THERAPEUTICS INC | 743,575 | $491.0M | 0.04% | Put |
| 182 | BSXBOSTON SCIENTIFIC CORP | 5,000 | $476.0M | 0.03% | |
| 183 | ELVNENLIVEN THERAPEUTICS INC | 30,000 | $462.0M | 0.03% | |
| 184 | ELANELANCO ANIMAL HEALTH INC | 20,000 | $452.0M | 0.03% | |
| 185 | PYPDPOLYPID LTD | 103,950 | $451.0M | 0.03% | |
| 186 | GONGERON CORP | 336,176 | $443.0M | 0.03% | |
| 187 | PRAXPRAXIS PRECISION MEDICINES I | 1,500 | $442.0M | 0.03% | |
| 188 | NVCRNOVOCURE LTD | 34,000 | $439.0M | 0.03% | |
| 189 | CORZCORE SCIENTIFIC INC NEW | 30,000 | $436.0M | 0.03% | |
| 190 | KURAKURA ONCOLOGY INC | 40,000 | $415.0M | 0.03% | |
| 191 | QNCXQUINCE THERAPEUTICS INC | 122,912 | $411.0M | 0.03% | Put |
| 192 | BHVNBIOHAVEN LTD | 34,277 | $386.0M | 0.03% | |
| 193 | KROSKEROS THERAPEUTICS INC | 18,851 | $383.0M | 0.03% | |
| 194 | KPTIKARYOPHARM THERAPEUTICS INC | 50,000 | $368.0M | 0.03% | |
| 195 | KIDSORTHOPEDIATRICS CORP | 19,845 | $352.0M | 0.03% | |
| 196 | BCRXBIOCRYST PHARMACEUTICALS INC | 45,000 | $351.0M | 0.03% | |
| 197 | AUPHAURINIA PHARMACEUTICALS INC | 22,000 | $350.0M | 0.03% | |
| 198 | DAYDAYFORCE INC | 5,000 | $345.0M | 0.02% | |
| 199 | TXMDTHERAPEUTICSMD INC | 209,210 | $341.0M | 0.02% | |
| 200 | KPRXKIORA PHARMACEUTICALS INC | 167,941 | $330.0M | 0.02% |