DEERFIELD MANAGEMENT COMPANY, L.P.

CIK: 0001009258SEC EDGAR →

Portfolio Value

$7.8B

Holdings

150

As of

Q4 2025

New Positions

49

Closed Positions

20

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

NUVALENT INC

17,248,450$1.7B
22.16%
2

BROOKDALE SR LIVING INC

306,885,000$427.5M
5.46%
3

COGENT BIOSCIENCES INC

9,043,903$321.2M
4.10%
4

PRAXIS PRECISION MEDICINES I

903,351$266.3M
3.40%
5

CENTENE CORP DEL

6,447,998$265.3M
3.39%
6

VIATRIS INC

20,206,170$251.6M
3.21%
7

REVOLUTION MEDICINES INC

2,894,613$230.6M
2.94%
8

UNITED THERAPEUTICS CORP DEL

425,993$207.6M
2.65%
9

VERA THERAPEUTICS INC

4,059,695$205.6M
2.63%
10

MIRUM PHARMACEUTICALS INC

70,000,000$180.7M
2.31%

Quarterly Changes

Top Buys

STOKNEW
$57.9M
LNTHNEW
$55.1M
BLTENEW
$37.4M

Top Sells

NUVL↓ Decreased
$118.1B
CNC↓ Decreased
$24.6B
MRUSCLOSED
$22.1B
VTRS↓ Decreased
$18.1B
UTH↓ Decreased
$13.5B

New Positions (34)

$427.5M · 306.9M shares
$92.6M · 61.0M shares
$57.9M · 1.8M shares
$55.1M · 828K shares
$37.4M · 234K shares
$29.5M · 1.0M shares
$25.8M · 2.9M shares
$19.4M · 3.6M shares
$18.8M · 2.0M shares
$10.9M · 260K shares
$4.0M · 18K shares
$3.2M · 18K shares
$2.6M · 936K shares
$2.5M · 9K shares
$2.4M · 10K shares
$2.3M · 52K shares
$2.1M · 16K shares
$1.8M · 9K shares
$1.8M · 660K shares
$1.7M · 113K shares
$1.7M · 16K shares
$1.6M · 15K shares
$1.4M · 11K shares
$1.4M · 17K shares
$807K · 68K shares
$607K · 34K shares
$544K · 52K shares
$460K · 2K shares
$425K · 9K shares
$406K · 21K shares
$397K · 15K shares
$265K · 10K shares
$245K · 131K shares
$210K · 40K shares

Closed Positions (36)

$22.1B · 234.6M shares
$8.1B · 180.0M shares
$6.7B · 7.7B shares
$6.7B · 79.3M shares
$6.5B · 254.4M shares
$5.2B · 36.3M shares
$2.7B · 120.3M shares
$2.6B · 342.4M shares
$2.0B · 77.0M shares
$484.1M · 355.9M shares
$466.3M · 37.2M shares
$353.0M · 40.9M shares
$259.3M · 5.3M shares
$259.2M · 7.7M shares
$182.0M · 607K shares
$127.9M · 1.0M shares
$126.8M · 1.7M shares
$125.1M · 494K shares
$100.8M · 192.0M shares
$98.0M · 494K shares
$94.0M · 105.6M shares
$89.9M · 1.6M shares
$74.9M · 3.3M shares
$74.4M · 389K shares
$69.5M · 4.6M shares
$51.6M · 1.8M shares
$49.0M · 855K shares
$35.3M · 73K shares
$30.7M · 2.0M shares
$29.5M · 2.3M shares
$23.3M · 280K shares
$21.4M · 323K shares
$19.6M · 410K shares
$13.5M · 1.3M shares
$8.1M · 2.5M shares
$1.3M · 144K shares

Sector Breakdown

Sector# HoldingsValue%
Healthcare119$6.2B77.0%
Unknown22$1.7B21.0%
Technology1$150.0M1.8%
Industrials2$4.8M0.1%
Financial Services2$4.4M0.1%
Consumer Cyclical2$2.9M0.0%
Consumer Defensive2$1.4M0.0%