TANG CAPITAL MANAGEMENT LLC
CIK: 0001232621Latest portfolio: $2.0B · Q4 2025
Holdings
75
Total Value
$2.0B
New Positions
8
Closed Positions
127
Top Holdings
View All 75 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | AUPHAURINIA PHARMACEUTICALS INC | 11,329,500 | $180.7M | 8.93% | — | |
| 2 | GLPGGALAPAGOS NV | 3,921,219 | $128.2M | 6.33% | -229,975 | |
| 3 | PTCTPTC THERAPEUTICS INC | 1,500,000 | $113.9M | 5.63% | — | |
| 4 | CELCCELCUITY INC | 1,050,000 | $104.7M | 5.17% | -100,000 | |
| 5 | MIRMMIRUM PHARMACEUTICALS INC | 1,236,027 | $97.6M | 4.82% | — | |
| 6 | TARSTARSUS PHARMACEUTICALS INC | 1,188,624 | $97.3M | 4.81% | -1,266,173 | |
| 7 | KNSAKINIKSA PHARMACEUTICALS INTL | 2,259,889 | $93.2M | 4.60% | -68,720 | |
| 8 | IMCRIMMUNOCORE HLDGS PLC | 2,628,538 | $91.2M | 4.51% | +323K | |
| 9 | CMPXCOMPASS THERAPEUTICS INC | 16,790,809 | $90.2M | 4.45% | -21,154 | |
| 10 | KALVKALVISTA PHARMACEUTICALS INC | 4,573,530 | $73.9M | 3.65% | -468,268 | |
| 11 | RNAAVIDITY BIOSCIENCES INC | 900,000 | $64.9M | 3.21% | NEW | |
| 12 | ANABANAPTYSBIO INC | 1,332,087 | $64.6M | 3.19% | -1,552 | |
| 13 | SYRESPYRE THERAPEUTICS INC | 1,892,200 | $62.0M | 3.06% | -1,307,800 | |
| 14 | VRDNVIRIDIAN THERAPEUTICS INC | 1,792,626 | $55.8M | 2.76% | -1,050,299 | |
| 15 | CAPRCAPRICOR THERAPEUTICS INC | 1,700,000 | $49.1M | 2.42% | NEW | |
| 16 | BNTXBIONTECH SE | 470,000 | $44.7M | 2.21% | +200K | |
| 17 | BSFAANI PHARMACEUTICALS INC | 481,437 | $38.0M | 1.88% | +164K | |
| 18 | VRTXVERTEX PHARMACEUTICALS INC | 80,000 | $36.3M | 1.79% | — | |
| 19 | NUVBNUVATION BIO INC | 3,857,457 | $34.6M | 1.71% | -342,543 | |
| 20 | TVTXTRAVERE THERAPEUTICS INC | 700,000 | $26.7M | 1.32% | — | |
| 21 | VTYXVENTYX BIOSCIENCES INC | 2,814,000 | $25.4M | 1.26% | -286,000 | |
| 22 | NVDANVIDIA CORPORATION | 127,788 | $23.8M | 1.18% | -2,721 | |
| 23 | PGENPRECIGEN INC | 5,617,500 | $23.5M | 1.16% | -6,782,500 | |
| 24 | SPYSPDR S&P 500 ETF TR | 30,000 | $20.5M | 1.01% | NEW | |
| 25 | MRNAMODERNA INC | 692,820 | $20.4M | 1.01% | +388K |
Quarterly Changes
New Positions
Increased Positions
Sector Breakdown
Healthcare0.0% ($1.807051282231139e+293T)
Unknown0.0% ($3.8T)
Financial Services0.0% ($204.6B)
Technology0.0% ($23.8M)
Communication Services0.0% ($15.4M)
Real Estate0.0% ($2.0M)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 17, 2026 | $2.0B | 75 |
| Q3 2025 | Nov 14, 2025 | $2.6T | 194 |
| Q2 2025 | Aug 14, 2025 | $2.0T | 200 |
| Q1 2025 | May 15, 2025 | $1.8T | 202 |
| Q4 2024 | Feb 14, 2025 | $1.5T | 183 |
| Q3 2024 | Nov 14, 2024 | $1399.9T | 154 |
| Q2 2024 | Aug 14, 2024 | $981.9T | 128 |
| Q1 2024 | May 15, 2024 | $960.4T | 99 |
| Q4 2023 | Feb 14, 2024 | $1082.2T | 123 |
| Q3 2023 | Nov 14, 2023 | $708.7T | 106 |
| Q2 2023 | Aug 14, 2023 | $679.3T | 99 |
| Q1 2023 | May 15, 2023 | $671.1T | 103 |
| Q4 2022 | Feb 14, 2023 | $688.3T | 89 |
| Q3 2022 | Nov 14, 2022 | $815.4B | 95 |
| Q2 2022 | Aug 15, 2022 | $659.0B | 67 |
| Q1 2022 | May 16, 2022 | $499.9B | 53 |
| Q4 2021 | Feb 14, 2022 | $497.2B | 29 |
| Q3 2021 | Nov 15, 2021 | $481.7B | 20 |
| Q2 2021 | Aug 16, 2021 | $502.4B | 16 |
| Q1 2021 | May 17, 2021 | $355.4B | 11 |
| Q4 2020 | Feb 16, 2021 | $655.0B | 11 |
| Q3 2020 | Nov 16, 2020 | $552.7B | 20 |
| Q2 2020 | Aug 14, 2020 | $1.0T | 21 |
| Q1 2020 | May 15, 2020 | $712.2B | 25 |
| Q4 2019 | Feb 14, 2020 | $837.0B | 17 |
| Q3 2019 | Nov 14, 2019 | $584.5B | 12 |
| Q2 2019 | Aug 14, 2019 | $740.0B | 10 |
| Q1 2019 | May 15, 2019 | $542.7B | 9 |
| Q4 2018 | Feb 14, 2019 | $435.9B | 10 |
| Q3 2018 | Nov 14, 2018 | $612.5B | 6 |
| Q2 2018 | Aug 14, 2018 | $789.0B | 5 |
| Q1 2018 | May 15, 2018 | $680.4B | 5 |
| Q4 2017 | Feb 14, 2018 | $631.2B | 5 |
| Q3 2017 | Nov 14, 2017 | $327.5B | 6 |
| Q2 2017 | Aug 14, 2017 | $281.7B | 6 |
| Q1 2017 | May 15, 2017 | $276.7B | 6 |
| Q4 2016 | Feb 14, 2017 | $187.5B | 8 |
| Q3 2016 | Nov 15, 2016 | $241.1B | 8 |
| Q2 2016 | Aug 15, 2016 | $224.4B | 13 |
| Q1 2016 | May 16, 2016 | $219.6B | 16 |
Fund Information
TANG 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 $2.0B across 75 holdings. The largest position is AURINIA PHARMACEUTICALS INC (AUPH), representing 8.9% of the portfolio. Compared to the previous quarter, the fund opened 9 new positions and closed 128 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.