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PERCEPTIVE ADVISORS LLC

Q2 2025 · Filed 2025-08-14
Market Value
$2.3B
-10.0%
Holdings
84
-7
New Purchases
15
Added To
11
Closed
21
Reduced
25
Top 10 Concentration
59.8%
Turnover
42.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VRNA 23.12% 16.65% +6.47% $521M
OMDA 1.97% 0.00% +1.97% $44M
ROIV 1.67% 0.00% +1.67% $38M
RYTM 6.78% 5.39% +1.39% $153M
INSM 2.90% 1.55% +1.35% $65M
CAI 1.30% 0.00% +1.30% $29M
AMLX 2.25% 1.11% +1.13% $51M
AORT 3.86% 2.74% +1.11% $87M
NBIX 1.42% 0.44% +0.98% $32M
AKRO 2.17% 1.28% +0.89% $49M
BSX 1.33% 0.52% +0.81% $30M
CTMX 0.70% 0.00% +0.70% $16M
CRL 0.67% 0.00% +0.67% $15M
IMTX 2.24% 1.69% +0.55% $50M
TVTX 0.55% 0.00% +0.55% $12M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FOLD 1.89% 7.00% -5.11% $42M
ITCI 0.00% 4.15% -4.15% $0
EWTX 2.70% 5.76% -3.06% $61M
IOVA 0.00% 1.69% -1.69% $0
ALDX 0.69% 2.13% -1.44% $16M
ARGX 0.00% 1.41% -1.41% $0
CNTA 0.67% 1.75% -1.08% $15M
PCVX 0.00% 1.07% -1.07% $0
EOLS 1.01% 1.98% -0.97% $23M
JANX 0.30% 1.05% -0.75% $7M
AXSM 0.92% 1.66% -0.74% $21M
MDGL 0.00% 0.62% -0.62% $0
DXCM 0.00% 0.49% -0.49% $0
SYRE 1.02% 1.49% -0.48% $23M
ACRV 0.00% 0.43% -0.43% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 14 $764M 33.9%
Mid Cap 24 $898M 39.9%
Small Cap 32 $527M 23.4%
Micro Cap 14 $64M 2.9%

Portfolio Analytics

Avg Market Cap
$8.1B
Median Market Cap
$1.7B
Avg P/E
55.4
Median P/E
40.0
Avg Dividend Yield
—%
Avg Beta
1.01
# Stocks
84
# ETFs / Funds
0

Top Holdings (84 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VRNA 23.12% 5,507,591 $521M $94.58 $104M -1,055,749 -16.1%
2 ACLX 7.24% 2,478,000 $163M $65.85 -$29M -448,478 -15.3%
3 RYTM 6.78% 2,418,299 $153M $63.19 $18M -130,146 -5.1%
4 NUVL 4.66% 1,375,180 $105M $76.30 -$11M -258,788 -15.8%
5 AORT 3.86% 2,793,703 $87M $31.10 $18M
6 MGTX 3.65% 12,626,103 $82M $6.51 -$3M +45,000 +0.4%
7 INSM 2.90% 650,252 $65M $100.64 $27M +140,952 +27.7%
8 EWTX 2.70% 4,639,949 $61M $13.11 -$83M -1,907,379 -29.1%
9 PTGX 2.64% 1,074,448 $59M $55.27 $7M -16,823 -1.5%
10 AMLX 2.25% 7,902,365 $51M $6.41 $23M +28,017 +0.4%
11 IMTX 2.24% 9,383,456 $50M $5.38 $8M
12 AKRO 2.17% 915,887 $49M $53.36 $17M +122,927 +15.5%
13 OMDA 1.97% 2,426,330 $44M $18.30 +2,426,330 NEW
14 FOLD 1.89% 7,412,830 $42M $5.73 -$133M -14,051,697 -65.5%
15 ROIV 1.67% 3,331,465 $38M $11.27 +3,331,465 NEW
16 MRUS 1.65% 708,176 $37M $52.60 $8M +17,691 +2.6%
17 ATXS 1.54% 6,485,420 $35M $5.36 $130K
18 IMVT 1.52% 2,137,890 $34M $16.00 -$14M -706,182 -24.8%
19 NBIX 1.42% 255,050 $32M $125.69 $21M +155,000 +154.9%
20 BSX 1.33% 280,000 $30M $107.41 $17M +150,000 +115.4%
21 CAI 1.30% 1,098,163 $29M $26.72 +1,098,163 NEW
22 ISRG 1.09% 45,119 $25M $543.41 $4M +4,500 +11.1%
23 ADMA 1.05% 1,303,468 $24M $18.21 -$4M -69,765 -5.1%
24 BBNX 1.03% 1,593,608 $23M $14.56 $4M
25 SYRE 1.02% 1,529,445 $23M $14.97 -$14M -783,827 -33.9%
26 EOLS 1.01% 2,474,843 $23M $9.21 -$27M -1,654,299 -40.1%
27 CELC 0.97% 1,633,208 $22M $13.35 -$2M -729,071 -30.9%
28 DYN 0.95% 2,247,390 $21M $9.52 -$3M -66,013 -2.9%
29 SION 0.94% 1,216,045 $21M $17.35 $8M -35,056 -2.8%
30 AXSM 0.92% 198,534 $21M $104.39 -$21M -156,573 -44.1%
31 RGEN 0.92% 166,000 $21M $124.38 $4M +36,199 +27.9%
32 PODD 0.84% 60,387 $19M $314.18 $170K -11,210 -15.7%
33 OM 0.71% 833,333 $16M $19.21 $7M
34 CTMX 0.70% 6,993,646 $16M $2.27 +6,993,646 NEW
35 ALDX 0.69% 4,051,631 $16M $3.83 -$38M -5,224,220 -56.3%
36 CRL 0.67% 100,000 $15M $151.73 +100,000 NEW
37 CNTA 0.67% 1,146,935 $15M $13.14 -$29M -1,893,460 -62.3%
38 ADGM 0.57% 9,876,576 $13M $1.30 $5M +64,157 +0.7%
39 NRIX 0.55% 1,096,985 $12M $11.39 $9M +799,432 +268.7%
40 TVTX 0.55% 834,252 $12M $14.80 +834,252 NEW
41 OBIO 0.55% 4,592,556 $12M $2.68 -$7M
42 VKTX 0.45% 380,700 $10M $26.50 -$2M -128,305 -25.2%
43 RARE 0.44% 270,000 $10M $36.36 +270,000 NEW
44 KYMR 0.41% 210,106 $9M $43.64 +210,106 NEW
45 NAUT 0.41% 12,594,211 $9M $0.72 -$2M
46 PEN 0.37% 32,797 $8M $256.63 +32,797 NEW
47 AQST 0.32% 2,190,420 $7M $3.31 -$4M -1,536,788 -41.2%
48 JANX 0.30% 292,686 $7M $23.10 -$19M -677,726 -69.8%
49 AVR 0.29% 1,705,130 $6M $3.79 -$1M -434,870 -20.3%
50 XENE 0.28% 200,791 $6M $31.30 -$5M -124,533 -38.3%
51 VRDN 0.28% 447,507 $6M $13.98 -$3M -212,155 -32.2%
52 CRVS 0.26% 1,438,595 $6M $4.00 +1,438,595 NEW
53 SEPN 0.25% 541,450 $6M $10.57 +541,450 NEW
54 GMED 0.23% 88,500 $5M $59.02 +88,500 NEW
55 NVNO 0.23% 1,284,966 $5M $3.99 +1,284,966 NEW
56 IRD 0.18% 4,325,000 $4M $0.94 -$172K
57 CTNM 0.12% 699,486 $3M $3.97 -$7M -741,763 -51.5%
58 LYRA 0.10% 255,150 $2M $8.96 +255,150 NEW
59 SCPH 0.08% 500,000 $2M $3.81 $590K
60 RAPT 0.07% 183,890 $1M $8.00 +183,890 NEW
61 LXEO 0.02% 139,835 $562K $4.02 $77K
62 APYX 0.01% 150,000 $338K $2.25 $132K
63 SRZNW —% 166,666 $3K $0.02 -$2K
64 TRAW —% -$970K -421,781 -100.0% SOLD
65 IRON —% -$7M -150,000 -100.0% SOLD
66 ARGX —% -$35M -59,510 -100.0% SOLD
67 KMTS —% -$5M -200,000 -100.0% SOLD
68 RCKT —% -$939K -140,726 -100.0% SOLD
69 ADPT —% -$7M -930,972 -100.0% SOLD
70 CRGX —% -$10M -2,431,085 -100.0% SOLD
71 IOVA —% -$42M -12,711,788 -100.0% SOLD
72 PCVX —% -$27M -706,567 -100.0% SOLD
73 MREO —% -$2M -876,961 -100.0% SOLD
74 MDGL —% -$15M -46,500 -100.0% SOLD
75 OCUL —% -$7M -915,775 -100.0% SOLD
76 DCTH —% -$6M -462,422 -100.0% SOLD
77 ITCI —% -$104M -786,358 -100.0% SOLD
78 APLT —% -$420K -860,000 -100.0% SOLD
79 DXCM —% -$12M -178,000 -100.0% SOLD
80 EYPT —% -$8M -1,537,274 -100.0% SOLD
81 CGEM —% -$606K -80,100 -100.0% SOLD
82 NBTX —% -$376K -105,053 -100.0% SOLD
83 ACRV —% -$11M -5,360,858 -100.0% SOLD
84 OKUR —% -$4M -1,004,439 -100.0% SOLD

Options Breakdown

2 Calls $993K Call Value 2 Puts $31M Put Value 31.55 P/C Ratio

Top Calls

SymbolSharesValueStatus
CAPR 100,000 $993K NEW
EWTX $0 SOLD

Top Puts

SymbolSharesValueStatus
XBI 300,000 $25M NEW
CAPR 650,000 $6M NEW

New Positions

SymbolValue% Port
OMDA $44M 1.97%
ROIV $38M 1.67%
CAI $29M 1.30%
CTMX $16M 0.70%
CRL $15M 0.67%
TVTX $12M 0.55%
RARE $10M 0.44%
KYMR $9M 0.41%
PEN $8M 0.37%
CRVS $6M 0.26%
SEPN $6M 0.25%
GMED $5M 0.23%
NVNO $5M 0.23%
LYRA $2M 0.10%
RAPT $1M 0.07%

Sold Out Positions

SymbolValue% Port
ADPT —%
ACRV —%
ARGX —%
IRON —%
MDGL —%
DXCM —%
DCTH —%
EYPT —%
MREO —%
KMTS —%
IOVA —%
OCUL —%
PCVX —%
TRAW —%
CGEM —%
View SEC EDGAR Filings for PERCEPTIVE ADVISORS LLC →

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