TANG CAPITAL MANAGEMENT LLC Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$2.0T

Holdings

200

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (200 positions)

#StockSharesValue% PortfolioType
101
SWTXSPRINGWORKS THERAPEUTICS INC
74,265$3.5B0.18%
102
BEAMBEAM THERAPEUTICS INC
205,000$3.5B0.18%
103
ATYRATYR PHARMA INC
671,134$3.4B0.17%
104
CYTKCYTOKINETICS INC
100,000$3.3B0.17%
105
KZRKEZAR LIFE SCIENCES INC
720,000$3.3B0.17%
106
IOVAIOVANCE BIOTHERAPEUTICS INC
1,800,000$3.1B0.16%
107
TBPHTHERAVANCE BIOPHARMA INC
264,308$2.9B0.15%
108
AREALEXANDRIA REAL ESTATE EQ IN
40,000$2.9B0.15%
109
SEERSEER INC
1,344,423$2.9B0.15%
110
MTSRMETSERA INC
100,000$2.8B0.14%
111
PYXSPYXIS ONCOLOGY INC
2,500,000$2.8B0.14%
112
DTILPRECISION BIOSCIENCES INC
653,649$2.7B0.14%
113
MLYSMINERALYS THERAPEUTICS INC
200,000$2.7B0.14%
114
CGONCG ONCOLOGY INC
87,500$2.3B0.11%
115
FATEFATE THERAPEUTICS INC
1,867,773$2.1B0.11%
116
RCKTROCKET PHARMACEUTICALS INC
850,000$2.1B0.11%
117
TSHATAYSHA GENE THERAPIES INC
900,000$2.1B0.11%
118
BHVNBIOHAVEN LTD
140,000$2.0B0.10%
119
CDNACAREDX INC
100,000$2.0B0.10%
120
ERASERASCA INC
1,502,915$1.9B0.10%
121
SNDXSYNDAX PHARMACEUTICALS INC
200,000$1.9B0.09%
122
JPMJPMORGAN CHASE & CO.
6,312$1.8B0.09%
123
STROSUTRO BIOPHARMA INC
2,561,586$1.8B0.09%
124
ZNTLZENTALIS PHARMACEUTICALS INC
1,550,000$1.8B0.09%
125
DISDISNEY WALT CO
14,493$1.8B0.09%
126
MSFTMICROSOFT CORP
3,546$1.8B0.09%
127
VVISA INC
4,869$1.7B0.09%
128
WMTWALMART INC
17,242$1.7B0.09%
129
KOCOCA COLA CO
22,712$1.6B0.08%
130
BRK/BBERKSHIRE HATHAWAY INC DEL
3,250$1.6B0.08%
131
BACVERIZON COMMUNICATIONS INC
36,266$1.6B0.08%
132
TXNTEXAS INSTRS INC
7,415$1.5B0.08%
133
INTCINTEL CORP
66,216$1.5B0.07%
134
NFLXNETFLIX INC
1,089$1.5B0.07%
135
JNJJOHNSON & JOHNSON
9,472$1.4B0.07%
136
PGPROCTER AND GAMBLE CO
8,952$1.4B0.07%
137
NKENIKE INC
19,399$1.4B0.07%
138
XOMEXXON MOBIL CORP
12,651$1.4B0.07%
139
OPRXOPTIMIZERX CORP
100,000$1.4B0.07%
140
HDHOME DEPOT INC
3,646$1.3B0.07%
141
ALXOALX ONCOLOGY HLDGS INC
3,158,265$1.3B0.07%
142
PYPLPAYPAL HLDGS INC
17,323$1.3B0.07%
143
CCCCC4 THERAPEUTICS INC
900,000$1.3B0.07%
144
PFEPFIZER INC
53,039$1.3B0.06%
145
GEGE AEROSPACE
4,986$1.3B0.06%
146
GEVGE VERNOVA INC
2,421$1.3B0.06%
147
CLYMCLIMB BIO INC
1,000,000$1.2B0.06%
148
VTRSVIATRIS INC
128,359$1.1B0.06%
149
ULTAULTA BEAUTY INC
2,410$1.1B0.06%
150
VSTMVERASTEM INC
270,000$1.1B0.06%
151
NMRANEUMORA THERAPEUTICS INC
1,400,000$1.0B0.05%
152
ALGSALIGOS THERAPEUTICS INC
141,131$1.0B0.05%
153
AXPAMERICAN EXPRESS CO
3,168$1.0B0.05%
154
AATAMERICAN ASSETS TR INC
50,000$987.5M0.05%
155
KLRSKALARIS THERAPEUTICS, INC
360,859$963.5M0.05%
156
BOLTBOLT BIOTHERAPEUTICS INC
166,879$962.9M0.05%
157
ENTAENANTA PHARMACEUTICALS INC
126,655$957.5M0.05%
158
AMZNAMAZON COM INC
4,314$946.5M0.05%
159
TPSTTEMPEST THERAPEUTICS INC
138,962$944.9M0.05%
160
TMUST-MOBILE US INC
3,796$904.4M0.05%
161
ALSALLSTATE CORP
4,488$903.5M0.05%
162
CRBPCORBUS PHARMACEUTICALS HLDGS
127,520$879.9M0.04%
163
PAYXPAYCHEX INC
6,048$879.7M0.04%
164
TCRXTSCAN THERAPEUTICS INC
600,000$870.0M0.04%
165
MCDMCDONALDS CORP
2,925$854.5M0.04%
166
HRLHORMEL FOODS CORP
28,094$849.9M0.04%
167
UNHUNITEDHEALTH GROUP INC
2,721$848.8M0.04%
168
HPEHEWLETT PACKARD ENTERPRISE C
40,002$818.0M0.04%
169
FFORD MTR CO
75,380$817.9M0.04%
170
CBIOCRESCENT BIOPHARMA INC.
50,152$809.5M0.04%
171
SHWSHERWIN WILLIAMS CO
2,343$804.5M0.04%
172
UALUNITED AIRLS HLDGS INC
10,065$801.5M0.04%
173
WHRWHIRLPOOL CORP
7,553$766.0M0.04%
174
SEESEALED AIR CORP NEW
24,400$757.1M0.04%
175
APLTAPPLIED THERAPEUTICS INC
2,428,169$755.4M0.04%
176
CVXCHEVRON CORP NEW
5,239$750.2M0.04%
177
PBYIPUMA BIOTECHNOLOGY INC
200,000$686.0M0.03%
178
FDXFEDEX CORP
2,892$657.5M0.03%
179
CNTACENTESSA PHARMACEUTICALS PLC
50,000$657.0M0.03%
180
AMLXAMYLYX PHARMACEUTICALS INC
100,000$641.0M0.03%
181
CLXCLOROX CO DEL
5,154$618.8M0.03%
182
PASGPASSAGE BIO INC
1,500,000$600.5M0.03%
183
KURAKURA ONCOLOGY INC
100,000$577.0M0.03%
184
BCABBIOATLA INC
1,374,076$544.1M0.03%
185
CATBUSDASTRIA THERAPEUTICS INC
100,000$536.0M0.03%
186
OABIOMNIAB INC
300,000$522.0M0.03%
187
IPSCCENTURY THERAPEUTICS INC
900,000$502.8M0.03%
188
FTREFORTREA HLDGS INC
100,000$494.0M0.02%
189
FLBSTANDARD BIOTOOLS INC
407,755$489.3M0.02%
190
SAVACASSAVA SCIENCES INC COMMON STOCK
239,820$434.1M0.02%
191
OKURONKURE THERAPEUTICS INC
169,245$404.5M0.02%
192
KODKODIAK SCIENCES INC
100,000$373.0M0.02%
193
MGXMETAGENOMI INC
200,000$296.0M0.01%
194
IVVDINVIVYD INC
400,000$286.0M0.01%
195
MGNXMACROGENICS INC
218,856$264.8M0.01%
196
ATHIRA PHARMA INC
600,000$181.2M0.01%
197
FRXFENNEC PHARMACEUTICALS INC
20,527$170.4M0.01%
198
MCRBSERES THERAPEUTICS INC
13,921$154.7M0.01%
199
ACTUACTUATE THERAPEUTICS INC
5,243$32.0M0.00%
200
PHPNGALECTIN THERAPEUTICS INC
12,913$27.2M0.00%
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