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Asset Manager ← All Institutions

DEERFIELD MANAGEMENT COMPANY, L.P.

Q2 2025 · Filed 2025-08-14
Market Value
$4.7B
+10.5%
Holdings
153
+15
New Purchases
43
Added To
26
Closed
42
Reduced
13
Top 10 Concentration
62.2%
Turnover
55.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
OSCR 5.37% 3.69% +1.68% $250M
MRK 1.46% 0.00% +1.46% $68M
UTHR 3.34% 2.02% +1.33% $155M
VERA 1.70% 0.60% +1.10% $79M
LEGN 2.26% 1.41% +0.86% $105M
INSM 1.52% 0.83% +0.69% $71M
MRUS 3.83% 3.17% +0.65% $178M
MRNA 0.59% 0.00% +0.59% $28M
CERT 0.99% 0.48% +0.51% $46M
SPRY 3.65% 3.14% +0.51% $170M
IDYA 1.77% 1.27% +0.50% $82M
VTR 0.48% 0.00% +0.48% $22M
INSP 0.39% 0.00% +0.39% $18M
XENE 0.36% 0.00% +0.36% $17M
VCYT 0.36% 0.00% +0.36% $17M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ALHC 0.10% 2.02% -1.92% $5M
DVAX 0.00% 1.60% -1.60% $0
NUVL 29.52% 30.30% -0.79% $1.4B
CMRX 0.00% 0.76% -0.76% $0
NBIX 3.16% 3.91% -0.76% $147M
INMD 0.00% 0.67% -0.67% $0
CPRX 1.34% 1.97% -0.63% $62M
LNTH 0.00% 0.56% -0.56% $0
EWTX 0.58% 1.09% -0.50% $27M
CGON 0.00% 0.49% -0.49% $0
AHCO 2.01% 2.50% -0.49% $93M
BEAM 0.00% 0.41% -0.41% $0
VTRS 4.61% 4.96% -0.35% $215M
CON 0.00% 0.34% -0.34% $0
MTSR 0.00% 0.32% -0.32% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $68M 1.5%
Large Cap 19 $1.1B 23.4%
Mid Cap 48 $2.6B 56.8%
Small Cap 62 $684M 14.7%
Micro Cap 23 $169M 3.6%

Portfolio Analytics

Avg Market Cap
$9.2B
Median Market Cap
$1.5B
Avg P/E
42.9
Median P/E
25.2
Avg Dividend Yield
0.00%
Avg Beta
1.13
# Stocks
153
# ETFs / Funds
0

Top Holdings (153 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NUVL 29.52% 17,991,024 $1.4B $76.30 $97M
2 OSCR 5.37% 11,649,591 $250M $21.44 $95M -191,227 -1.6%
3 VTRS 4.61% 24,023,907 $215M $8.93 $6M +32,313 +0.1%
4 MRUS 3.83% 3,384,628 $178M $52.60 $44M +210,700 +6.6%
5 CNC 3.72% 3,185,370 $173M $54.28 $11M +513,449 +19.2%
6 SPRY 3.65% 9,724,508 $170M $17.45 $37M -790,149 -7.5%
7 UTHR 3.34% 540,626 $155M $287.35 $71M +265,400 +96.4%
8 NBIX 3.16% 1,167,802 $147M $125.69 -$18M -321,198 -21.6%
9 RVMD 2.68% 3,384,072 $125M $36.79 $7M +66,740 +2.0%
10 BKD 2.30% 15,362,264 $107M $6.96 $9M -250,000 -1.6%
11 LEGN 2.26% 2,962,338 $105M $35.49 $46M +1,218,783 +69.9%
12 PFE 2.24% 4,306,264 $104M $24.24 $20M +958,968 +28.6%
13 AHCO 2.01% 9,904,895 $93M $9.43 -$12M +193,485 +2.0%
14 IDYA 1.77% 3,915,311 $82M $21.02 $29M +647,760 +19.8%
15 VERA 1.70% 3,348,117 $79M $23.56 $54M +2,298,117 +218.9%
16 INSM 1.52% 700,700 $71M $100.64 $36M +242,700 +53.0%
17 MRK 1.46% 857,724 $68M $79.16 +857,724 NEW
18 CPRX 1.34% 2,879,476 $62M $21.70 -$21M -542,673 -15.9%
19 LRMR 1.32% 21,231,974 $61M $2.89 $16M
20 BAX 1.25% 1,923,100 $58M $30.28 -$8M
21 BIO 1.17% 226,070 $55M $241.32 -$506K
22 IRON 1.05% 919,403 $49M $52.96 $10M +137,070 +17.5%
23 ALNY 1.02% 145,000 $47M $326.09 $8M
24 EHAB 0.99% 4,779,864 $46M $9.64 $2M -217,882 -4.4%
25 CERT 0.99% 3,926,099 $46M $11.70 $26M +1,903,483 +94.1%
26 NVST 0.93% 2,215,845 $43M $19.54 $8M +190,902 +9.4%
27 BCRX 0.90% 4,692,000 $42M $8.96 $3M -497,665 -9.6%
28 CNMD 0.78% 700,271 $36M $52.08 -$428K +89,271 +14.6%
29 PHVS 0.76% 2,017,464 $36M $17.60 $4M
30 CGEM 0.62% 3,855,552 $29M $7.53 -$194K -5,287 -0.1%
31 PHR 0.62% 1,014,577 $29M $28.46 $3M +4,733 +0.5%
32 KYMR 0.61% 653,000 $28M $43.64 $12M +60,000 +10.1%
33 MRNA 0.59% 1,000,000 $28M $27.59 +1,000,000 NEW
34 EWTX 0.58% 2,067,320 $27M $13.11 -$19M -11,189 -0.5%
35 EMBC 0.57% 2,749,712 $27M $9.69 -$8M +29,177 +1.1%
36 DAWN 0.52% 3,723,131 $24M $6.50 $722K +762,391 +25.8%
37 VTR 0.48% 354,000 $22M $63.15 +354,000 NEW
38 LQDA 0.43% 1,616,778 $20M $12.46 -$4M
39 COGT 0.41% 2,640,215 $19M $7.18 $3M +6,353 +0.2%
40 MREO 0.39% 6,710,429 $18M $2.71 $3M
41 INSP 0.39% 140,000 $18M $129.77 +140,000 NEW
42 SVRA 0.39% 7,964,000 $18M $2.28 -$4M
43 BBNX 0.37% 1,168,415 $17M $14.56 $5M +152,415 +15.0%
44 XENE 0.36% 542,020 $17M $31.30 +542,020 NEW
45 VCYT 0.36% 625,000 $17M $27.03 +625,000 NEW
46 SION 0.36% 970,590 $17M $17.35 $9M +223,590 +29.9%
47 NEO 0.34% 2,148,000 $16M $7.31 +2,148,000 NEW
48 FHTX 0.33% 3,255,514 $15M $4.70 $3M
49 ZBIO 0.33% 1,562,942 $15M $9.69 $3M
50 NVCR 0.32% 825,119 $15M $17.80 $3M +175,000 +26.9%
51 TSHA 0.27% 5,386,000 $12M $2.31 +5,386,000 NEW
52 RXST 0.25% 888,950 $12M $13.00 $2M +496,618 +126.6%
53 DCTH 0.24% 812,561 $11M $13.60 $700K -545 -0.1%
54 OMDA 0.22% 553,107 $10M $18.30 +553,107 NEW
55 IART 0.21% 794,865 $10M $12.27 -$8M
56 SYRE 0.20% 613,665 $9M $14.97 $2M +163,665 +36.4%
57 DCGO 0.17% 4,941,565 $8M $1.57 -$6M -109,935 -2.2%
58 GPCR 0.17% 373,407 $8M $20.74 $1M
59 PCVX 0.16% 225,000 $7M $32.51 -$1M
60 TOI 0.15% 3,360,052 $7M $2.05 $3M
61 SLP 0.13% 354,089 $6M $17.45 -$3M
62 NPCE 0.12% 500,000 $6M $11.14 -$575K
63 JBIO 0.11% 531,163 $5M $9.99 +531,163 NEW
64 LUNG 0.11% 1,890,000 $5M $2.59 -$8M
65 ALHC 0.10% 342,558 $5M $14.00 -$80M -4,224,915 -92.5%
66 HLVX 0.08% 1,882,654 $4M $1.99 $1M
67 CALC 0.04% 1,300,000 $2M $1.60 -$403K
68 ALEC 0.03% 1,055,192 $1M $1.40 $179K
69 ANNX 0.03% 583,913 $1M $2.40 $274K
70 TWST 0.02% 23,827 $877K $36.79 -$59K
71 SHC 0.01% 45,242 $503K $11.12 +45,242 NEW
72 0I3I.L 0.01% 6,328 $450K $71.16 +6,328 NEW
73 TMO 0.01% 916 $371K $405.46 +916 NEW
74 UFPT 0.01% 1,517 $370K $244.16 +1,517 NEW
75 ALGN 0.01% 1,945 $368K $189.33 +1,945 NEW
76 ATRC 0.01% 11,138 $365K $32.77 +11,138 NEW
77 LMAT 0.01% 4,169 $346K $83.05 +4,169 NEW
78 KIDS 0.01% 15,486 $333K $21.48 +15,486 NEW
79 ENOV 0.01% 10,267 $322K $31.36 +10,267 NEW
80 NHC 0.01% 2,926 $313K $107.01 +2,926 NEW
81 DVA 0.01% 2,101 $299K $142.45 +2,101 NEW
82 BLFS 0.01% 13,670 $294K $21.54 +13,670 NEW
83 UHS 0.01% 1,597 $289K $181.15 +1,597 NEW
84 AMED 0.01% 2,744 $270K $98.39 +2,744 NEW
85 HAE 0.01% 3,529 $263K $74.61 +3,529 NEW
86 IQV 0.01% 1,623 $256K $157.59 +1,623 NEW
87 MDXG 0.01% 39,351 $240K $6.11 +39,351 NEW
88 MEDP —% 736 $231K $313.86 +736 NEW
89 HUM —% 917 $224K $244.48 -$18K
90 AMPH —% 9,579 $220K $22.96 +9,579 NEW
91 QSIAW —% 333,333 $217K $0.65 $84K
92 TFX —% 1,805 $214K $118.36 +1,805 NEW
93 CRVL —% 1,993 $205K $102.78 +1,993 NEW
94 ZTS —% 1,310 $204K $155.95 +1,310 NEW
95 RGEN —% 1,628 $202K $124.38 +1,628 NEW
96 ATEC —% 17,083 $190K $11.10 +17,083 NEW
97 CYH —% 55,703 $189K $3.40 $158K +43,986 +375.4%
98 OGN —% 16,388 $159K $9.68 +16,388 NEW
99 PACS —% 11,421 $148K $12.92 +11,421 NEW
100 TXG —% 11,301 $131K $11.58 -$13M -1,492,293 -99.2%

Options Breakdown

0 Calls $0 Call Value 1 Puts $0 Put Value

Top Puts

SymbolSharesValueStatus
ESTA $0 SOLD

New Positions

SymbolValue% Port
MRK $68M 1.46%
MRNA $28M 0.59%
VTR $22M 0.48%
INSP $18M 0.39%
XENE $17M 0.36%
VCYT $17M 0.36%
NEO $16M 0.34%
TSHA $12M 0.27%
OMDA $10M 0.22%
JBIO $5M 0.11%
SHC $503K 0.01%
0I3I.L $450K 0.01%
TMO $371K 0.01%
UFPT $370K 0.01%
ALGN $368K 0.01%

Sold Out Positions

SymbolValue% Port
FPI —%
DXC —%
CON —%
ACCO —%
MFA —%
MAX —%
JOE —%
BFLY —%
XPOF —%
NUVB —%
ABSI —%
APPS —%
CCCC —%
DYN —%
BLZE —%
View SEC EDGAR Filings for DEERFIELD MANAGEMENT COMPANY, L.P. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms