Soleus Capital Management, L.P. Q4 2025 Filing
Filed February 12, 2026
Portfolio Value
$2.7B
Holdings
95
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (95 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | XBISPDR SERIES TRUST | 2,900,000 | $353.6M | 13.04% | Put |
| 2 | KRYSKRYSTAL BIOTECH INC | 941,059 | $232.0M | 8.56% | |
| 3 | CELCCELCUITY INC | 1,808,258 | $180.4M | 6.65% | |
| 4 | NVCRNOVOCURE LTD | 8,530,665 | $110.3M | 4.07% | |
| 5 | PRAXPRAXIS PRECISION MEDICINES I | 362,966 | $107.0M | 3.95% | |
| 6 | TGTXTG THERAPEUTICS INC | 3,139,312 | $93.6M | 3.45% | |
| 7 | DC4DEXCOM INC | 1,297,094 | $86.1M | 3.18% | |
| 8 | BMRNBIOMARIN PHARMACEUTICAL INC | 1,320,000 | $78.4M | 2.89% | |
| 9 | GMEDGLOBUS MED INC | 887,000 | $77.4M | 2.86% | |
| 10 | BBNXBETA BIONICS INC | 2,534,565 | $77.2M | 2.85% | |
| 11 | AM6AMICUS THERAPEUTICS INC | 5,207,284 | $74.2M | 2.74% | |
| 12 | TWSTTWIST BIOSCIENCE CORP | 1,861,802 | $59.1M | 2.18% | |
| 13 | ORGOORGANOGENESIS HLDGS INC | 9,985,951 | $51.7M | 1.91% | |
| 14 | SNDXSYNDAX PHARMACEUTICALS INC | 2,247,110 | $47.2M | 1.74% | |
| 15 | MIRMMIRUM PHARMACEUTICALS INC | 573,614 | $45.3M | 1.67% | |
| 16 | PODDINSULET CORP | 150,000 | $42.6M | 1.57% | |
| 17 | NPCENEUROPACE INC | 2,703,208 | $41.7M | 1.54% | |
| 18 | AXGNAXOGEN INC | 1,206,855 | $39.5M | 1.46% | |
| 19 | BSFAANI PHARMACEUTICALS INC | 486,243 | $38.4M | 1.42% | |
| 20 | ALKSALKERMES PLC | 1,322,364 | $37.0M | 1.36% | |
| 21 | LIVNLIVANOVA PLC | 567,500 | $34.9M | 1.29% | |
| 22 | GSKGSK PLC | 639,000 | $31.3M | 1.16% | |
| 23 | GONGERON CORP | 23,290,000 | $30.7M | 1.13% | |
| 24 | UTHUNITED THERAPEUTICS CORP DEL | 60,000 | $29.2M | 1.08% | |
| 25 | IMVTIMMUNOVANT INC | 1,110,000 | $28.2M | 1.04% | |
| 26 | PCVXVAXCYTE INC | 608,958 | $28.1M | 1.04% | |
| 27 | ALNYALNYLAM PHARMACEUTICALS INC | 70,000 | $27.8M | 1.03% | |
| 28 | INSPINSPIRE MED SYS INC | 299,399 | $27.6M | 1.02% | |
| 29 | VCELVERICEL CORP | 764,000 | $27.5M | 1.01% | |
| 30 | ARGXARGENX SE | 31,726 | $26.7M | 0.98% | |
| 31 | RAPTRAPT THERAPEUTICS INC | 764,000 | $25.9M | 0.95% | |
| 32 | NBIXNEUROCRINE BIOSCIENCES INC | 175,982 | $25.0M | 0.92% | |
| 33 | KNSAKINIKSA PHARMACEUTICALS INTL | 587,000 | $24.2M | 0.89% | |
| 34 | EDAEDAP TMS S A | 7,309,254 | $24.0M | 0.89% | |
| 35 | TFXTELEFLEX INCORPORATED | 190,000 | $23.2M | 0.86% | |
| 36 | NRIXNURIX THERAPEUTICS INC | 1,219,394 | $23.1M | 0.85% | |
| 37 | EWTXEDGEWISE THERAPEUTICS INC | 910,000 | $22.6M | 0.83% | |
| 38 | IKTINHIBIKASE THERAPEUTICS INC | 10,875,000 | $22.3M | 0.82% | |
| 39 | PHVSPHARVARIS N V | 702,052 | $19.5M | 0.72% | |
| 40 | IVVDINVIVYD INC | 7,708,727 | $19.0M | 0.70% | |
| 41 | CAPRCAPRICOR THERAPEUTICS INC | 646,390 | $18.7M | 0.69% | |
| 42 | THCTENET HEALTHCARE CORP | 92,500 | $18.4M | 0.68% | |
| 43 | RCUSARCUS BIOSCIENCES INC | 711,983 | $17.0M | 0.63% | |
| 44 | ELVNENLIVEN THERAPEUTICS INC | 1,025,000 | $15.8M | 0.58% | |
| 45 | MBXMBX BIOSCIENCES INC | 408,900 | $12.9M | 0.48% | |
| 46 | RI2RIGEL PHARMACEUTICALS INC | 300,034 | $12.8M | 0.47% | |
| 47 | JBIOJADE BIOSCIENCES INC | 796,744 | $12.3M | 0.45% | |
| 48 | TRVITREVI THERAPEUTICS INC | 900,000 | $11.3M | 0.42% | |
| 49 | SIONSIONNA THERAPEUTICS INC | 268,500 | $11.0M | 0.41% | |
| 50 | SEPNSEPTERNA INC | 383,368 | $10.7M | 0.39% | |
| 51 | KIDSORTHOPEDIATRICS CORP | 525,447 | $9.3M | 0.34% | |
| 52 | TERNTERNS PHARMACEUTICALS INC | 212,710 | $8.6M | 0.32% | |
| 53 | CDTXCIDARA THERAPEUTICS INC | 38,811 | $8.6M | 0.32% | |
| 54 | IM8NINSMED INC | 48,500 | $8.4M | 0.31% | |
| 55 | CERSCERUS CORP | 4,000,000 | $8.2M | 0.30% | |
| 56 | ERASERASCA INC | 2,162,162 | $8.0M | 0.30% | |
| 57 | AVTXAVALO THERAPEUTICS INC | 441,978 | $8.0M | 0.30% | |
| 58 | CCCCC4 THERAPEUTICS INC | 3,803,942 | $7.3M | 0.27% | |
| 59 | EOLSEVOLUS INC | 1,070,000 | $7.1M | 0.26% | |
| 60 | CGONCG ONCOLOGY INC | 170,000 | $7.1M | 0.26% | |
| 61 | ANABANAPTYSBIO INC | 135,000 | $6.5M | 0.24% | |
| 62 | BLTEBELITE BIO INC | 40,354 | $6.5M | 0.24% | |
| 63 | GPCRSTRUCTURE THERAPEUTICS INC | 90,000 | $6.3M | 0.23% | |
| 64 | ABVXABIVAX SA | 45,000 | $6.1M | 0.22% | |
| 65 | ORKAORUKA THERAPEUTICS INC | 190,000 | $5.8M | 0.21% | |
| 66 | MLTXMOONLAKE IMMUNOTHERAPEUTICS | 400,000 | $5.3M | 0.19% | |
| 67 | NEONEOGENOMICS INC | 427,504 | $5.0M | 0.19% | |
| 68 | NTRANATERA INC | 20,000 | $4.6M | 0.17% | |
| 69 | CALCCALCIMEDICA INC | 683,904 | $4.5M | 0.17% | |
| 70 | LUNGPULMONX CORP | 2,038,323 | $4.5M | 0.17% | |
| 71 | COGTCOGENT BIOSCIENCES INC | 120,000 | $4.3M | 0.16% | |
| 72 | —INDIVIOR PLC | 100,000 | $3.6M | 0.13% | |
| 73 | URGNUROGEN PHARMA LTD | 150,000 | $3.5M | 0.13% | |
| 74 | TYRATYRA BIOSCIENCES INC | 125,000 | $3.3M | 0.12% | |
| 75 | KPTIKARYOPHARM THERAPEUTICS INC | 440,000 | $3.2M | 0.12% | |
| 76 | ZYMEZYMEWORKS INC | 100,000 | $2.6M | 0.10% | |
| 77 | VKTXVIKING THERAPEUTICS INC | 70,000 | $2.5M | 0.09% | |
| 78 | QDELQUIDELORTHO CORP | 75,000 | $2.1M | 0.08% | |
| 79 | NSPRINSPIREMD INC | 1,150,000 | $2.0M | 0.08% | |
| 80 | INBXINHIBRX BIOSCIENCES INC | 25,000 | $2.0M | 0.07% | |
| 81 | ACLXARCELLX INC | 30,000 | $2.0M | 0.07% | |
| 82 | OLMAOLEMA PHARMACEUTICALS INC | 69,874 | $1.7M | 0.06% | |
| 83 | BCAXBICARA THERAPEUTICS INC | 100,000 | $1.7M | 0.06% | |
| 84 | KODKODIAK SCIENCES INC | 60,000 | $1.7M | 0.06% | |
| 85 | GRALGRAIL INC | 11,000 | $941K | 0.03% | |
| 86 | GUTSFRACTYL HEALTH INC | 400,000 | $880K | 0.03% | |
| 87 | STAASTAAR SURGICAL CO | 25,000 | $577K | 0.02% | |
| 88 | VCYTVERACYTE INC | 10,000 | $421K | 0.02% | |
| 89 | JSPRJASPER THERAPEUTICS INC | 200,000 | $366K | 0.01% | |
| 90 | QNRXQUOIN PHARMACEUTICALS LTD | 25,000 | $360K | 0.01% | |
| 91 | MDGLMADRIGAL PHARMACEUTICALS INC | 500 | $291K | 0.01% | |
| 92 | LBRXLB PHARMACEUTICALS INC | 10,000 | $222K | 0.01% | |
| 93 | DYNDYNE THERAPEUTICS INC | 10,000 | $195K | 0.01% | |
| 94 | DCTHDELCATH SYS INC | 10,000 | $101K | 0.00% | |
| 95 | TNGXTANGO THERAPEUTICS INC | 10,000 | $88K | 0.00% |