SPHERA FUNDS MANAGEMENT LTD. Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$474.1B

Holdings

105

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (105 positions)

#StockSharesValue% PortfolioType
1
TEVATEVA PHARMACEUTICAL INDS LTD
1,507,025$30.4B6.42%
2
NSYNICE LTD
157,400$22.8B4.81%
3
TSEMTOWER SEMICONDUCTOR LTD
311,802$22.5B4.76%
4
CDTXCIDARA THERAPEUTICS INC
175,743$16.8B3.55%Call
5
MRUSMERUS N V
150,000$14.1B2.98%Call
6
NVMINOVA LTD
43,896$14.0B2.96%
7
NDQINVESCO QQQ TR
22,960$13.8B2.91%
8
BIIBBIOGEN INC
82,738$11.6B2.44%
9
RAREULTRAGENYX PHARMACEUTICAL IN
352,558$10.6B2.24%
10
AZNASTRAZENECA PLC
135,060$10.4B2.19%
11
SNYSANOFI SA
219,515$10.4B2.19%
12
CYTKCYTOKINETICS INC
161,517$8.9B1.87%
13
BBIOBRIDGEBIO PHARMA INC
170,746$8.9B1.87%Call
14
MLYSMINERALYS THERAPEUTICS INC
219,910$8.3B1.76%
15
AM6AMICUS THERAPEUTICS INC
991,142$7.8B1.65%
16
LLYELI LILLY & CO
10,040$7.7B1.62%
17
JNJJOHNSON & JOHNSON
40,831$7.6B1.60%
18
FBRXFORTE BIOSCIENCES INC
474,309$7.1B1.50%
19
TRVITREVI THERAPEUTICS INC
773,157$7.1B1.49%Call
20
GPCRSTRUCTURE THERAPEUTICS INC
223,931$6.3B1.32%Call
21
SNDXSYNDAX PHARMACEUTICALS INC
387,716$6.0B1.26%
22
NVONOVO-NORDISK A S
105,677$5.9B1.24%
23
ABBVABBVIE INC
25,256$5.8B1.23%
24
QUREUNIQURE NV
99,900$5.8B1.23%Put
25
PRAXPRAXIS PRECISION MEDICINES I
107,901$5.7B1.21%Call
26
CLBTCELLEBRITE DI LTD
298,948$5.5B1.17%
27
ANNXANNEXON INC
1,794,387$5.5B1.15%
28
DYNDYNE THERAPEUTICS INC
426,518$5.4B1.14%
29
TCE2CELLDEX THERAPEUTICS INC NEW
207,764$5.4B1.13%
30
SEDG 2.25 07/01/29SOLAREDGE TECHNOLOGIES INC
4,000,000$5.3B1.12%
31
GSKGSK PLC
122,000$5.3B1.11%
32
SEDGSOLAREDGE TECHNOLOGIES INC
140,966$5.2B1.10%
33
ORICORIC PHARMACEUTICALS INC
431,693$5.2B1.09%
34
IMTXIMMATICS N.V
583,105$5.0B1.05%
35
YB4PSAVARA INC
1,350,333$4.8B1.02%
36
NVSNNOVARTIS AG
37,000$4.7B1.00%
37
RAPPRAPPORT THERAPEUTICS INC
157,533$4.7B0.99%
38
VRNSVARONIS SYS INC
73,900$4.2B0.90%
39
TLTISHARES TR
47,000$4.2B0.89%Call
40
IMVTIMMUNOVANT INC
256,743$4.1B0.87%
41
MRKMERCK & CO INC
48,600$4.1B0.86%
42
MAZEMAZE THERAPEUTICS INC
154,343$4.0B0.84%
43
ELDNELEDON PHARMACEUTICALS INC
1,480,233$3.8B0.81%Put
44
ENGNENGENE HOLDINGS INC
504,409$3.4B0.73%
45
ESLTELBIT SYS LTD
6,740$3.4B0.72%
46
RZLTREZOLUTE INC
363,947$3.4B0.72%
47
ELVNENLIVEN THERAPEUTICS INC
166,765$3.4B0.72%
48
MDWDMEDIWOUND LTD
185,270$3.3B0.70%
49
ACADACADIA PHARMACEUTICALS INC
148,900$3.2B0.67%
50
CAMTCAMTEK LTD
29,048$3.1B0.64%
51
AMZNAMAZON COM INC
13,760$3.0B0.64%
52
CRVSCORVUS PHARMACEUTICALS INC
407,709$3.0B0.63%
53
PHVSPHARVARIS N V
119,406$3.0B0.63%
54
ROIVROIVANT SCIENCES LTD
194,171$2.9B0.62%Call
55
SRPTSAREPTA THERAPEUTICS INC
150,000$2.9B0.61%Call
56
METAMETA PLATFORMS INC
3,924$2.9B0.61%
57
SLNOSOLENO THERAPEUTICS INC
41,606$2.8B0.59%
58
RVMDREVOLUTION MEDICINES INC
60,000$2.8B0.59%
59
HNMORMAT TECHNOLOGIES INC
29,000$2.8B0.59%
60
IDYAIDEAYA BIOSCIENCES INC
100,000$2.7B0.57%
61
AMGNAMGEN INC
9,500$2.7B0.57%
62
AMDADVANCED MICRO DEVICES INC
15,470$2.5B0.53%
63
TVTXTRAVERE THERAPEUTICS INC
101,800$2.4B0.51%Call
64
ACOGALPHA COGNITION INC
338,752$2.2B0.47%
65
PFEPFIZER INC
86,000$2.2B0.46%
66
HELPCYBIN INC
370,376$2.2B0.46%
67
KURAKURA ONCOLOGY INC
245,522$2.2B0.46%
68
AVGOBROADCOM INC
6,555$2.2B0.46%
69
CEVACEVA INC
81,085$2.1B0.45%
70
JANXJANUX THERAPEUTICS INC
85,840$2.1B0.44%
71
SKYESKYE BIOSCIENCE INC
478,928$1.9B0.40%
72
CATBUSDASTRIA THERAPEUTICS INC
251,225$1.8B0.39%
73
TECXTECTONIC THERAPEUTIC INC
115,908$1.8B0.38%
74
PCVXVAXCYTE INC
50,000$1.8B0.38%
75
CATXPERSPECTIVE THERAPEUTICS INC
510,343$1.8B0.37%
76
IMNMIMMUNOME INC
147,200$1.7B0.36%
77
MISTMILESTONE PHARMACEUTICALS IN
820,000$1.6B0.35%
78
JSPRJASPER THERAPEUTICS INC
629,470$1.5B0.32%
79
APLSAPELLIS PHARMACEUTICALS INC
63,660$1.4B0.30%
80
COGTCOGENT BIOSCIENCES INC
98,526$1.4B0.30%
81
IBITISHARES BITCOIN TRUST ETF
21,455$1.4B0.29%
82
VTYXVENTYX BIOSCIENCES INC
440,114$1.4B0.29%
83
BHVNBIOHAVEN LTD
91,155$1.4B0.29%
84
BCAXBICARA THERAPEUTICS INC
85,747$1.4B0.29%
85
TSHATAYSHA GENE THERAPIES INC
408,146$1.3B0.28%
86
DAWNDAY ONE BIOPHARMACEUTICALS I
175,371$1.2B0.26%
87
HOWLWEREWOLF THERAPEUTICS INC
626,810$1.2B0.26%
88
SABSSAB BIOTHERAPEUTICS INC
566,395$1.1B0.24%
89
ENPHENPHASE ENERGY INC
26,700$944.9M0.20%
90
VYGRVOYAGER THERAPEUTICS INC
199,761$932.9M0.20%
91
CLYMCLIMB BIO INC
434,837$874.0M0.18%
92
LRMRLARIMAR THERAPEUTICS INC
260,385$841.0M0.18%
93
PEPGPEPGEN INC
171,467$792.2M0.17%
94
BMYBRISTOL-MYERS SQUIBB CO
17,500$789.3M0.17%
95
VSTMVERASTEM INC
78,307$691.5M0.15%
96
ETNBGBP89BIO INC
39,675$583.2M0.12%
97
MLTXMOONLAKE IMMUNOTHERAPEUTICS
81,010$580.8M0.12%Call
98
CMMBCHEMOMAB THERAPEUTICS LTD
179,425$471.9M0.10%
99
ARWRARROWHEAD PHARMACEUTICALS IN
12,496$431.0M0.09%
100
APREAPREA THERAPEUTICS INC
270,000$398.3M0.08%
Page 1 of 2Next