Stonepine Capital Management, LLC

CIK: 0001440771Latest portfolio: $137.0M · Q4 2025

Holdings

64

Total Value

$137.0M

New Positions

28

Closed Positions

22

#StockSharesValue% PortfolioChangeType
1
VSTMVERASTEM INC
2,732,079$21.1M15.40%+62K
2
ADMAADMA BIOLOGICS INC
740,000$13.5M9.85%+1K
3
EOLSEVOLUS INC
1,631,588$10.8M7.92%+95K
4
NKTRNEKTAR THERAPEUTICS
135,000$5.7M4.17%NEWCall
5
ZVRAZEVRA THERAPEUTICS INC
569,088$5.1M3.72%-240,912
6
IKTINHIBIKASE THERAPEUTICS INC
2,348,147$4.8M3.51%+1.6M
7
ABEOABEONA THERAPEUTICS INC
909,505$4.8M3.50%NEWCall
8
INDIVIOR PLC
100,000$3.6M2.62%
9
CRBPCORBUS PHARMACEUTICALS HLDGS
389,916$3.2M2.32%NEW
10
KZIAKAZIA THERAPEUTICS LTD
460,359$3.2M2.32%NEW
11
XOMAXOMA ROYALTY CORPORATION
115,000$3.1M2.23%-459
12
VRCAVERRICA PHARMACEUTICALS INC
353,669$2.9M2.14%NEW
13
HELPCYBIN INC
339,902$2.8M2.03%NEW
14
TELATELA BIO INC
2,352,032$2.8M2.03%+197K
15
ACADACADIA PHARMACEUTICALS INC
100,000$2.7M1.95%-74,544
16
CRSPCRISPR THERAPEUTICS AG
50,000$2.6M1.91%NEWCall
17
SRZNSURROZEN INC
113,631$2.6M1.87%-136,515
18
AREALEXANDRIA REAL ESTATE EQ IN
50,000$2.4M1.79%NEWCall
19
XFORX4 PHARMACEUTICALS INC
593,573$2.4M1.73%-462,765
20
RAREULTRAGENYX PHARMACEUTICAL IN
100,000$2.3M1.68%NEWCall
21
AYTUAYTU BIOPHARMA INC
813,704$2.1M1.54%-78,151
22
DAWNDAY ONE BIOPHARMACEUTICALS I
200,000$1.9M1.36%-447,382
23
ACETADICET BIO INC
220,011$1.9M1.35%NEW
24
SPRBSPRUCE BIOSCIENCES INC
19,742$1.7M1.26%NEW
25
HRTXHERON THERAPEUTICS INC
1,237,802$1.6M1.17%+388K

Quarterly Changes

New Positions

Closed Positions

Increased Positions

NameSharesChange
BOLD710K+297K
TELA2.4M+197K
EOLS1.6M+95K
ANTX628K+64K
VSTM2.7M+62K
MXCTGBX469K+10K
ZNTL464K+10K
INAB165K+5K
ADMA740K+1K
MNKD86K+-71210

Decreased Positions

NameSharesChange
DAWN200K-447382
ZVRA569K-240912
KZR156K-227003
PMVP1.2M-219380
ENTA100K-205000
LUNG486K-183600
SRZN114K-136515
AYTU814K-78151
ACAD100K-74544
PLRX230K-59187

Sector Breakdown

Healthcare0.0% ($2.1091134971085056e+195T)
Unknown0.0% ($35881063.8T)
Real Estate0.0% ($2.4M)

Filing History

QuarterFiling DatePortfolio ValueHoldings
Q4 2025Feb 13, 2026$137.0M66
Q3 2025Nov 13, 2025$123.0B58
Q2 2025Aug 13, 2025$101.9B0
Q1 2025May 14, 2025$102.8B66
Q4 2024Feb 14, 2025$123.9B52

Fund Information

CIK0001440771
Most Recent FilingFeb 13, 2026
Number of Filings5

Stonepine Capital Management, LLC is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $137.0M across 64 holdings. The largest position is VERASTEM INC (VSTM), representing 15.4% of the portfolio. Compared to the previous quarter, the fund opened 32 new positions and closed 26 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.