Lion Point Capital, LP Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$19.3M

Holdings

39

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (39 positions)

#StockSharesValue% PortfolioType
1
MISTMILESTONE PHARMACEUTICALS IN
755,000$1.5M7.89%
2
PRAXPRAXIS PRECISION MEDICINES I
4,450$1.3M6.78%
3
MLTXMOONLAKE IMMUNOTHERAPEUTICS
67,500$889K4.60%
4
FRXFENNEC PHARMACEUTICALS INC
112,434$865K4.48%
5
JSPRJASPER THERAPEUTICS INC
465,000$850K4.40%
6
BNTCBENITEC BIOPHARMA INC
62,000$835K4.32%
7
RPRXROYALTY PHARMA PLC
21,400$826K4.27%
8
GONGERON CORP
578,000$762K3.94%
9
SNDXSYNDAX PHARMACEUTICALS INC
36,000$756K3.91%
10
ARDXARDELYX INC
128,650$750K3.88%
11
CUECUE BIOPHARMA INC
2,202,854$672K3.48%
12
IRONDISC MEDICINE INC
8,100$643K3.33%
13
SRPTSAREPTA THERAPEUTICS INC
28,500$613K3.17%
14
BHVNBIOHAVEN LTD
51,700$583K3.02%
15
HUMAHUMACYTE INC
500,000$480K2.48%
16
KURAKURA ONCOLOGY INC
46,000$477K2.47%
17
MCRBSERES THERAPEUTICS INC
31,570$469K2.43%
18
CMPSCOMPASS PATHWAYS PLC
58,000$400K2.07%
19
DAWNDAY ONE BIOPHARMACEUTICALS I
42,000$391K2.02%
20
RGNXREGENXBIO INC
26,600$383K1.98%
21
BBIOBRIDGEBIO PHARMA INC
5,000$382K1.98%
22
MLYSMINERALYS THERAPEUTICS INC
10,500$381K1.97%
23
VTYXVENTYX BIOSCIENCES INC
41,500$374K1.94%
24
LNTHLANTHEUS HLDGS INC
5,500$366K1.89%
25
DYNDYNE THERAPEUTICS INC
18,000$352K1.82%
26
QUREUNIQURE NV
14,700$351K1.82%
27
PCRXPACIRA PHARMACEUTICALS INC
13,500$349K1.81%
28
VTRSVIATRIS INC
27,700$344K1.78%
29
AZTAAZENTA INC
9,700$322K1.67%
30
RCKTROCKET PHARMACEUTICALS INC
86,000$301K1.56%
31
JANXJANUX THERAPEUTICS INC
19,000$262K1.36%
32
EWTXEDGEWISE THERAPEUTICS INC
9,100$225K1.16%
33
INVAINNOVIVA INC
8,200$163K0.84%
34
ARQTARCUTIS BIOTHERAPEUTICS INC
5,250$152K0.79%
35
IPHAINNATE PHARMA S A
81,151$142K0.73%
36
NERVMINERVA NEUROSCIENCES INC
35,000$140K0.72%
37
GHRSGH RESEARCH PLC
10,200$129K0.67%
38
SPRBSPRUCE BIOSCIENCES INC
1,000$87K0.45%
39
MRSNMERSANA THERAPEUTICS INC
100$2K0.01%