TANG CAPITAL MANAGEMENT LLC
CIK: 0001232621SEC EDGAR →
Portfolio Value
$2.0B
Holdings
75
As of
Q4 2025
New Positions
11
Closed Positions
16
Top 10 Holdings
| Rank | Stock | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | AURINIA PHARMACEUTICALS INC | 11,329,500 | $180.7M | 8.93% |
| 2 | GALAPAGOS NV | 3,921,219 | $128.2M | 6.33% |
| 3 | PTC THERAPEUTICS INC | 1,500,000 | $113.9M | 5.63% |
| 4 | CELCUITY INC | 1,050,000 | $104.7M | 5.17% |
| 5 | MIRUM PHARMACEUTICALS INC | 1,236,027 | $97.6M | 4.82% |
| 6 | TARSUS PHARMACEUTICALS INC | 1,188,624 | $97.3M | 4.81% |
| 7 | KINIKSA PHARMACEUTICALS INTL | 2,259,889 | $93.2M | 4.60% |
| 8 | IMMUNOCORE HLDGS PLC | 2,628,538 | $91.2M | 4.51% |
| 9 | COMPASS THERAPEUTICS INC | 16,790,809 | $90.2M | 4.45% |
| 10 | KALVISTA PHARMACEUTICALS INC | 4,573,530 | $73.9M | 3.65% |
Quarterly Changes
New Positions (9)
Closed Positions (128)
$448.2M · 900K shares
$56.5M · 600K shares
$42.1M · 8.1M shares
$39.2M · 1.4M shares
$36.2M · 519K shares
$36.0M · 550K shares
$35.3M · 11.1M shares
$32.0M · 2.1M shares
$27.1M · 830K shares
$26.0M · 1.1M shares
$25.0M · 190K shares
$22.4M · 1.4M shares
$21.1M · 150K shares
$17.1M · 700K shares
$15.4M · 1.1M shares
$14.2M · 3.4M shares
$13.4M · 1.8M shares
$13.1M · 2.6M shares
$12.6M · 2.2M shares
$12.5M · 70K shares
$11.7M · 2.4M shares
$11.5M · 150K shares
$11.4M · 550K shares
$10.8M · 1.8M shares
$10.8M · 100K shares
$10.2M · 16K shares
$9.4M · 1.6M shares
$8.4M · 1.3M shares
$7.9M · 200K shares
$7.8M · 2.1M shares
$7.6M · 10K shares
$7.6M · 200K shares
$7.1M · 600K shares
$7.0M · 431K shares
$6.7M · 444K shares
$6.7M · 8.2M shares
$6.6M · 1.1M shares
$6.5M · 100K shares
$6.2M · 255K shares
$6.1M · 200K shares
$5.5M · 2.5M shares
$5.5M · 100K shares
$4.8M · 200K shares
$4.7M · 100K shares
$4.7M · 1.2M shares
$3.6M · 100K shares
$3.6M · 654K shares
$3.5M · 88K shares
$3.4M · 50K shares
$3.1M · 335K shares
$3.1M · 200K shares
$2.9M · 900K shares
$2.9M · 1.3M shares
$2.8M · 179K shares
$2.6M · 50K shares
$2.5M · 2.8M shares
$2.4M · 50K shares
$2.4M · 418K shares
$2.4M · 2K shares
$2.3M · 1.6M shares
$2.2M · 66K shares
$2.1M · 800K shares
$2.0M · 100K shares
$2.0M · 1.0M shares
$2.0M · 900K shares
$2.0M · 6K shares
$1.8M · 4K shares
$1.8M · 17K shares
$1.8M · 9K shares
$1.7M · 5K shares
$1.7M · 14K shares
$1.6M · 100K shares
$1.6M · 3K shares
$1.6M · 1.2M shares
$1.6M · 128K shares
$1.6M · 36K shares
$1.5M · 127K shares
$1.5M · 23K shares
$1.5M · 4K shares
$1.5M · 100K shares
$1.4M · 13K shares
$1.4M · 9K shares
$1.4M · 7K shares
$1.4M · 100K shares
$1.4M · 53K shares
$1.3M · 128K shares
$1.2M · 544K shares
$1.2M · 17K shares
$1.1M · 200K shares
$1.0M · 50K shares
$945K · 1.4M shares
$940K · 3K shares
$901K · 3K shares
$885K · 100K shares
$847K · 1K shares
$842K · 100K shares
$819K · 683 shares
$756K · 1K shares
$728K · 100K shares
$696K · 3K shares
$641K · 2K shares
$608K · 6K shares
$602K · 75K shares
$580K · 3K shares
$579K · 24K shares
$567K · 3K shares
$547K · 2K shares
$530K · 408K shares
$520K · 2K shares
$519K · 43K shares
$505K · 14K shares
$484K · 1K shares
$484K · 671K shares
$480K · 300K shares
$469K · 3K shares
$449K · 4K shares
$440K · 400K shares
$400K · 16K shares
$399K · 2K shares
$376K · 3K shares
$368K · 219K shares
$356K · 67K shares
$344K · 24K shares
$341K · 4K shares
$320K · 116K shares
$248K · 60K shares
$66K · 28K shares
$32K · 25K shares
Sector Breakdown
| Sector | # Holdings | Value | % |
|---|---|---|---|
| Healthcare | 68 | $1.9B | 94.3% |
| Unknown | 2 | $48.4M | 2.4% |
| Financial Services | 2 | $25.9M | 1.3% |
| Technology | 1 | $23.8M | 1.2% |
| Communication Services | 1 | $15.4M | 0.8% |
| Real Estate | 1 | $2.0M | 0.1% |