DEERFIELD MANAGEMENT COMPANY, L.P. Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$5.5T

Holdings

124

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (124 positions)

#StockSharesValue% PortfolioType
1
NUVLNUVALENT INC
17,991,024$1.4T24.91%
2
OSCROSCAR HEALTH INC
11,649,591$249.8B4.53%
3
VTRSVIATRIS INC
24,023,907$214.5B3.89%
4
MRUSMERUS N V
3,384,628$178.0B3.23%
5
CNCCENTENE CORP DEL
3,185,370$172.9B3.14%
6
IART 0.5 08/15/25INTEGRA LIFESCIENCES HLDGS C
174,364,000$172.9B3.14%
7
SPRYARS PHARMACEUTICALS INC
9,724,508$169.7B3.08%
8
INDIVIOR PLC
10,567,160$155.8B2.83%
9
UTHUNITED THERAPEUTICS CORP DEL
540,626$155.3B2.82%
10
NBIXNEUROCRINE BIOSCIENCES INC
1,167,802$146.8B2.66%
11
ALNY 1 09/15/27ALNYLAM PHARMACEUTICALS INC
110,000,000$143.2B2.60%
12
RVMDREVOLUTION MEDICINES INC
3,384,072$124.5B2.26%
13
MIRM 4 05/01/29MIRUM PHARMACEUTICALS INC
70,000,000$124.2B2.25%
14
B7SBROOKDALE SR LIVING INC
15,362,264$106.9B1.94%
15
LEGNLEGEND BIOTECH CORP
2,962,338$105.1B1.91%
16
PFEPFIZER INC
4,306,264$104.4B1.89%
17
AHCOADAPTHEALTH CORP
9,904,895$93.4B1.70%
18
NAMSNEWAMSTERDAM PHARMA COMPANY
5,115,953$92.6B1.68%
19
IDYAIDEAYA BIOSCIENCES INC
3,915,311$82.3B1.49%
20
VERAVERA THERAPEUTICS INC
3,348,117$78.9B1.43%
21
IM8NINSMED INC
700,700$70.5B1.28%
22
MRKMERCK & CO INC
857,724$67.9B1.23%
23
CPRXCATALYST PHARMACEUTICALS INC
2,879,476$62.5B1.13%
24
LRMRLARIMAR THERAPEUTICS INC
21,231,974$61.4B1.11%
25
BAXBAXTER INTL INC
1,923,100$58.2B1.06%
26
BUWABIO RAD LABS INC
226,070$54.6B0.99%
27
IRONDISC MEDICINE INC
919,403$48.7B0.88%
28
ALNYALNYLAM PHARMACEUTICALS INC
145,000$47.3B0.86%
29
EHABENHABIT INC
4,779,864$46.1B0.84%
30
CERTCERTARA INC
3,926,099$45.9B0.83%
31
NVSTENVISTA HOLDINGS CORPORATION
2,215,845$43.3B0.79%
32
BCRXBIOCRYST PHARMACEUTICALS INC
4,692,000$42.0B0.76%
33
TNDM 1.5 03/15/29 2024TANDEM DIABETES CARE INC
40,000,000$38.5B0.70%
34
CNMDCONMED CORP
700,271$36.5B0.66%
35
PHVSPHARVARIS N V
2,017,464$35.5B0.64%
36
LNTH 2.625 12/15/27LANTHEUS HLDGS INC
25,255,000$32.1B0.58%
37
CGEMCULLINAN THERAPEUTICS INC
3,855,552$29.0B0.53%
38
PRAXPRAXIS PRECISION MEDICINES I
686,931$28.9B0.52%
39
PHRPHREESIA INC
1,014,577$28.9B0.52%
40
KYMRKYMERA THERAPEUTICS INC
653,000$28.5B0.52%
41
MRNAMODERNA INC
1,000,000$27.6B0.50%
42
EWTXEDGEWISE THERAPEUTICS INC
2,067,320$27.1B0.49%
43
EMBCEMBECTA CORP
2,749,712$26.6B0.48%
44
IMCR 2.5 02/01/30IMMUNOCORE HLDGS PLC
30,000,000$25.8B0.47%
45
LIVN 2.5 03/15/29LIVANOVA PLC
25,000,000$25.4B0.46%
46
DAWNDAY ONE BIOPHARMACEUTICALS I
3,723,131$24.2B0.44%
47
VENVENTAS INC
354,000$22.4B0.41%
48
LQDALIQUIDIA CORPORATION
1,616,778$20.1B0.37%
49
COGTCOGENT BIOSCIENCES INC
2,640,215$19.0B0.34%
50
MREOMEREO BIOPHARMA GROUP PLC
6,710,429$18.2B0.33%
51
INSPINSPIRE MED SYS INC
140,000$18.2B0.33%
52
YB4PSAVARA INC
7,964,000$18.2B0.33%
53
XERSXERIS BIOPHARMA HOLDINGS INC
10,500,000$17.7B0.32%
54
BBNXBETA BIONICS INC
1,168,415$17.0B0.31%
55
XENEXENON PHARMACEUTICALS INC
542,020$17.0B0.31%
56
VCYTVERACYTE INC
625,000$16.9B0.31%
57
SIONSIONNA THERAPEUTICS INC
970,590$16.8B0.31%
58
NEONEOGENOMICS INC
2,148,000$15.7B0.28%
59
FHTXFOGHORN THERAPEUTICS INC
3,255,514$15.3B0.28%
60
ZBIOZENAS BIOPHARMA INC
1,562,942$15.1B0.27%
61
NVCRNOVOCURE LTD
825,119$14.7B0.27%
62
TSHATAYSHA GENE THERAPIES INC
5,386,000$12.4B0.23%
63
RXSTRXSIGHT INC
888,950$11.6B0.21%
64
DCTHDELCATH SYS INC
812,561$11.1B0.20%
65
OMDAOMADA HEALTH INC
553,107$10.1B0.18%
66
IARTINTEGRA LIFESCIENCES HLDGS C
794,865$9.8B0.18%
67
SYRESPYRE THERAPEUTICS INC
613,665$9.2B0.17%
68
DCGODOCGO INC
4,941,565$7.8B0.14%
69
GPCRSTRUCTURE THERAPEUTICS INC
373,407$7.7B0.14%
70
PCVXVAXCYTE INC
225,000$7.3B0.13%
71
TOITHE ONCOLOGY INSTITUTE INC
3,360,052$6.9B0.13%
72
SLPSIMULATIONS PLUS INC
354,089$6.2B0.11%
73
NPCENEUROPACE INC
500,000$5.6B0.10%
74
JBIOJADE BIOSCIENCES INC
531,163$5.3B0.10%
75
LUNGPULMONX CORP
1,890,000$4.9B0.09%
76
ALHCALIGNMENT HEALTHCARE INC
342,558$4.8B0.09%
77
HLVXHILLEVAX INC
1,882,654$3.7B0.07%
78
CALCCALCIMEDICA INC
1,300,000$2.1B0.04%
79
ALECALECTOR INC
1,055,192$1.5B0.03%
80
ANNXANNEXON INC
583,913$1.4B0.03%
81
PHGEBIOMX INC
2,494,108$1.1B0.02%
82
TWSTTWIST BIOSCIENCE CORP
23,827$876.6M0.02%
83
NAMSNEWAMSTERDAM PHARMA COMPANY
92,787$742.3M0.01%
84
SHCSOTERA HEALTH CO
45,242$503.1M0.01%
85
COOCOOPER COS INC
6,328$450.3M0.01%
86
TMOTHERMO FISHER SCIENTIFIC INC
916$371.4M0.01%
87
UFPTUFP TECHNOLOGIES INC
1,517$370.4M0.01%
88
AFWALIGN TECHNOLOGY INC
1,945$368.2M0.01%
89
ATRCATRICURE INC
11,138$365.0M0.01%
90
LMATLEMAITRE VASCULAR INC
4,169$346.2M0.01%
91
KIDSORTHOPEDIATRICS CORP
15,486$332.6M0.01%
92
ENOVENOVIS CORPORATION
10,267$322.0M0.01%
93
NHCNATIONAL HEALTHCARE CORP
2,926$313.1M0.01%
94
DVADAVITA INC
2,101$299.3M0.01%
95
BLFSBIOLIFE SOLUTIONS INC
13,670$294.5M0.01%
96
UHSUNIVERSAL HLTH SVCS INC
1,597$289.3M0.01%
97
AMEDAMEDISYS INC
2,744$270.0M0.00%
98
HAEHAEMONETICS CORP MASS
3,529$263.3M0.00%
99
IQVIQVIA HLDGS INC
1,623$255.8M0.00%
100
MDXGMIMEDX GROUP INC
39,351$240.4M0.00%
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