Cormorant Asset Management, LP Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$1.4T

Holdings

36

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (36 positions)

#StockSharesValue% PortfolioType
1
BBOTBRIDGEBIO ONCOLOGY THERAPEUT
17,878,594$207.0B14.29%
2
ABVXABIVAX SA
1,950,000$165.6B11.42%
3
EYPTEYEPOINT PHARMACEUTICALS INC
8,325,000$118.5B8.18%
4
RAPPRAPPORT THERAPEUTICS INC
3,192,521$94.8B6.54%
5
BBIOBRIDGEBIO PHARMA INC
1,400,000$72.7B5.02%
6
EWTXEDGEWISE THERAPEUTICS INC
4,010,000$65.0B4.49%
7
DRUGBRIGHT MINDS BIOSCIENCES INC
1,059,331$64.3B4.43%
8
ACLXARCELLX INC
775,000$63.6B4.39%
9
IM8NINSMED INC
430,000$61.9B4.27%
10
NAMSNEWAMSTERDAM PHARMA COMPANY
2,175,000$61.9B4.27%
11
PRAXPRAXIS PRECISION MEDICINES I
1,000,000$53.0B3.66%
12
CNTACENTESSA PHARMACEUTICALS PLC
1,925,000$46.7B3.22%
13
PHVSPHARVARIS N V
1,363,200$34.0B2.35%
14
CRBPCORBUS PHARMACEUTICALS HLDGS
2,375,000$30.0B2.07%
15
GHRSGH RESEARCH PLC
1,916,439$27.4B1.89%
16
CGONCG ONCOLOGY INC
625,000$25.2B1.74%
17
KRROKORRO BIO INC
465,000$22.3B1.54%
18
MBXMBX BIOSCIENCES INC
1,225,000$21.4B1.48%
19
MTSRMETSERA INC
400,000$20.9B1.44%
20
JANXJANUX THERAPEUTICS INC
850,000$20.8B1.43%
21
TARSTARSUS PHARMACEUTICALS INC
300,000$17.8B1.23%
22
CRNXCRINETICS PHARMACEUTICALS IN
400,000$16.7B1.15%
23
ENGNENGENE HOLDINGS INC
2,323,595$15.9B1.10%
24
ARQTARCUTIS BIOTHERAPEUTICS INC
775,000$14.6B1.01%
25
MLTXMOONLAKE IMMUNOTHERAPEUTICS
1,994,173$14.3B0.99%
26
RNAAVIDITY BIOSCIENCES INC
300,000$13.1B0.90%
27
BIOABIOAGE LABS INC
2,140,605$12.6B0.87%
28
AXSMAXSOME THERAPEUTICS INC
100,000$12.1B0.84%
29
CABACABALETTA BIO INC
5,000,000$11.7B0.81%
30
ORKAORUKA THERAPEUTICS INC
533,340$10.3B0.71%
31
ALMSALUMIS INC
2,147,396$8.6B0.59%
32
BMEABIOMEA FUSION INC
3,570,872$7.2B0.50%
33
AMLXAMYLYX PHARMACEUTICALS INC
500,000$6.8B0.47%
34
PCVXVAXCYTE INC
175,000$6.3B0.43%
35
ELVNENLIVEN THERAPEUTICS INC
200,000$4.1B0.28%
36
BHVNBIOHAVEN LTD
10,000$150.1M0.01%