Soleus Capital Management, L.P. Q2 2025 Filing

Filed August 15, 2025

Portfolio Value

$1.5T

Holdings

95

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (95 positions)

#StockSharesValue% PortfolioType
1
KRYSKRYSTAL BIOTECH INC
922,958$126.9B8.40%
2
NVCRNOVOCURE LTD
6,904,302$122.9B8.14%
3
TGTXTG THERAPEUTICS INC
2,243,935$80.8B5.35%
4
XBISPDR SERIES TRUST
750,000$62.2B4.12%Put
5
UTHUNITED THERAPEUTICS CORP DEL
209,794$60.3B3.99%
6
BBNXBETA BIONICS INC
3,820,158$55.6B3.68%
7
GRFSGRIFOLS S A
5,756,805$52.0B3.45%
8
STAASTAAR SURGICAL CO
2,984,733$50.1B3.32%
9
BMRNBIOMARIN PHARMACEUTICAL INC
902,304$49.6B3.28%
10
ORGOORGANOGENESIS HLDGS INC
12,343,351$45.2B2.99%
11
PRAXPRAXIS PRECISION MEDICINES I
966,740$40.7B2.69%
12
CELCCELCUITY INC
3,011,818$40.2B2.66%
13
ALNYALNYLAM PHARMACEUTICALS INC
106,750$34.8B2.31%
14
TERNTERNS PHARMACEUTICALS INC
8,167,100$30.5B2.02%
15
URGNUROGEN PHARMA LTD
2,185,000$29.9B1.98%
16
NRIXNURIX THERAPEUTICS INC
2,422,833$27.6B1.83%
17
ELVELEVANCE HEALTH INC
70,000$27.2B1.80%
18
UNHUNITEDHEALTH GROUP INC
86,250$26.9B1.78%
19
NPCENEUROPACE INC
2,312,957$25.8B1.71%
20
ARGXARGENX SE
42,876$23.6B1.57%
21
SU6SURMODICS INC
789,060$23.4B1.55%
22
GONGERON CORP
16,140,000$22.8B1.51%
23
CDTXCIDARA THERAPEUTICS INC
462,811$22.5B1.49%
24
EOLSEVOLUS INC
2,119,000$19.5B1.29%
25
HUMHUMANA INC
79,600$19.5B1.29%
26
VCYTVERACYTE INC
715,439$19.3B1.28%
27
IARTINTEGRA LIFESCIENCES HLDGS C
1,387,818$17.0B1.13%
28
AXGNAXOGEN INC
1,459,395$15.8B1.05%
29
MIRMMIRUM PHARMACEUTICALS INC
298,696$15.2B1.01%
30
ASNDASCENDIS PHARMA A/S
85,000$14.7B0.97%
31
INSPINSPIRE MED SYS INC
109,000$14.1B0.94%
32
TWSTTWIST BIOSCIENCE CORP
354,401$13.0B0.86%
33
PHVSPHARVARIS N V
732,968$12.9B0.85%
34
IKTINHIBIKASE THERAPEUTICS INC
6,325,000$12.3B0.82%
35
RI2RIGEL PHARMACEUTICALS INC
658,145$12.3B0.82%
36
EDAEDAP TMS S A
7,309,254$12.1B0.80%
37
TQ80THERATECHNOLOGIES INC
4,801,376$11.3B0.75%
38
SNDXSYNDAX PHARMACEUTICALS INC
1,092,110$10.2B0.68%
39
CCCCC4 THERAPEUTICS INC
6,978,942$10.0B0.66%
40
ENOVENOVIS CORPORATION
315,000$9.9B0.65%
41
NUVLNUVALENT INC
125,000$9.5B0.63%
42
ESTAESTABLISHMENT LABS HLDGS INC
211,900$9.1B0.60%
43
JSPRJASPER THERAPEUTICS INC
1,494,420$8.3B0.55%
44
ACLXARCELLX INC
123,031$8.1B0.54%
45
JBIOJADE BIOSCIENCES INC
796,744$8.0B0.53%
46
IM8NINSMED INC
72,772$7.3B0.48%
47
ANABANAPTYSBIO INC
321,040$7.1B0.47%
48
KNSAKINIKSA PHARMACEUTICALS INTL
254,689$7.0B0.47%
49
SIONSIONNA THERAPEUTICS INC
376,000$6.5B0.43%
50
CBIOCRESCENT BIOPHARMA INC.
400,000$6.5B0.43%
51
IOVAIOVANCE BIOTHERAPEUTICS INC
3,261,707$5.6B0.37%
52
IDYAIDEAYA BIOSCIENCES INC
250,000$5.3B0.35%
53
IMUXIMMUNIC INC
7,293,007$5.1B0.34%
54
QDELQUIDELORTHO CORP
174,000$5.0B0.33%
55
SRRKSCHOLAR ROCK HLDG CORP
125,000$4.4B0.29%
56
NSPRINSPIREMD INC
1,886,207$4.3B0.28%
57
ETONETON PHARMACEUTICALS INC
285,000$4.1B0.27%
58
CGONCG ONCOLOGY INC
155,000$4.0B0.27%
59
VSTMVERASTEM INC
935,909$3.9B0.26%
60
EPIEURESSA PHARMA INC
2,262,026$3.8B0.25%
61
AKROAKERO THERAPEUTICS INC
72,000$3.8B0.25%
62
TRVITREVI THERAPEUTICS INC
700,000$3.8B0.25%
63
TNGXTANGO THERAPEUTICS INC
730,000$3.7B0.25%
64
TNDMTANDEM DIABETES CARE INC
200,000$3.7B0.25%
65
WGSGENEDX HOLDINGS CORP
40,000$3.7B0.24%
66
BSFAANI PHARMACEUTICALS INC
50,743$3.3B0.22%
67
MURAL ONCOLOGY PUB LTD CO
1,323,877$3.3B0.22%
68
ADMAADMA BIOLOGICS INC
175,000$3.2B0.21%
69
CTMXCYTOMX THERAPEUTICS INC
1,304,300$3.0B0.20%
70
OFIXORTHOFIX MED INC
261,147$2.9B0.19%
71
ERASERASCA INC
2,162,162$2.7B0.18%
72
DNLIDENALI THERAPEUTICS INC
182,110$2.5B0.17%
73
XENEXENON PHARMACEUTICALS INC
78,800$2.5B0.16%
74
MDGLMADRIGAL PHARMACEUTICALS INC
8,000$2.4B0.16%
75
VCELVERICEL CORP
50,953$2.2B0.14%
76
MRUSMERUS N V
40,000$2.1B0.14%
77
SKINTHE BEAUTY HEALTH COMPANY
1,000,000$1.9B0.13%
78
MREOMEREO BIOPHARMA GROUP PLC
599,711$1.6B0.11%
79
YMABUSDY-MABS THERAPEUTICS INC
349,982$1.6B0.10%
80
TECXTECTONIC THERAPEUTIC INC
76,841$1.5B0.10%
81
MYOMYOMO INC
704,275$1.5B0.10%
82
CALCCALCIMEDICA INC
783,904$1.3B0.08%
83
EWTXEDGEWISE THERAPEUTICS INC
76,493$1.0B0.07%
84
KIDSORTHOPEDIATRICS CORP
45,000$966.6M0.06%
85
ABVXABIVAX SA
125,000$956.3M0.06%
86
CBLLCERIBELL INC
50,000$936.5M0.06%
87
SLNOSOLENO THERAPEUTICS INC
10,000$837.8M0.06%
88
SEPNSEPTERNA INC
75,456$797.6M0.05%
89
BCYCBICYCLE THERAPEUTICS PLC
100,000$695.0M0.05%
90
AVU0ADVERUM BIOTECHNOLOGIES INC
287,246$617.6M0.04%
91
RVMDREVOLUTION MEDICINES INC
10,000$367.9M0.02%
92
DCTHDELCATH SYS INC
25,000$340.0M0.02%
93
IOBTIO BIOTECH INC
192,670$267.8M0.02%
94
AXSMAXSOME THERAPEUTICS INC
2,000$208.8M0.01%
95
ADPTADAPTIVE BIOTECHNOLOGIES COR
10,000$116.5M0.01%