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PERCEPTIVE ADVISORS LLC

Q3 2025 · Filed 2025-11-14
Market Value
$2.9B
+28.1%
Holdings
81
-3
New Purchases
18
Added To
24
Closed
5
Reduced
17
Top 10 Concentration
49.5%
Turnover
28.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CELC 5.06% 0.97% +4.09% $146M
RYTM 9.99% 6.78% +3.21% $288M
MRUS 4.41% 1.65% +2.76% $127M
TVTX 3.14% 0.55% +2.59% $91M
ROIV 3.86% 1.67% +2.20% $111M
AMLX 4.22% 2.25% +1.97% $122M
CNTA 2.61% 0.67% +1.94% $75M
PEN 1.94% 0.37% +1.56% $56M
ABVX 1.14% 0.00% +1.14% $33M
EXAS 0.88% 0.00% +0.88% $25M
PVLA 0.86% 0.00% +0.86% $25M
ORKA 0.84% 0.00% +0.84% $24M
VRDN 1.09% 0.28% +0.82% $32M
NBIX 2.19% 1.42% +0.77% $63M
IRTC 0.73% 0.00% +0.73% $21M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VRNA 1.94% 23.12% -21.18% $56M
EOLS 0.00% 1.01% -1.01% $0
AORT 2.96% 3.86% -0.89% $86M
PODD 0.00% 0.84% -0.84% $0
BBNX 0.19% 1.03% -0.84% $6M
DYN 0.24% 0.95% -0.71% $7M
CRL 0.00% 0.67% -0.67% $0
IMVT 0.89% 1.52% -0.63% $26M
EWTX 2.13% 2.70% -0.57% $62M
ADMA 0.59% 1.05% -0.47% $17M
RARE 0.00% 0.44% -0.44% $0
VKTX 0.10% 0.45% -0.35% $3M
OM 0.41% 0.71% -0.30% $12M
SYRE 0.71% 1.02% -0.30% $21M
AKRO 1.87% 2.17% -0.30% $54M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 11 $485M 16.8%
Mid Cap 28 $1.5B 53.5%
Small Cap 29 $764M 26.5%
Micro Cap 13 $94M 3.3%

Portfolio Analytics

Avg Market Cap
$7.7B
Median Market Cap
$1.9B
Avg P/E
57.2
Median P/E
39.0
Avg Dividend Yield
—%
Avg Beta
1.08
# Stocks
81
# ETFs / Funds
0

Top Holdings (81 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RYTM 9.99% 419,104,969 $288M $0.69 $136M +416,686,670 +17230.6%
2 ACLX 7.02% 2,468,353 $203M $82.10 $39M -9,647 -0.4%
3 CELC 5.06% 2,956,319 $146M $49.40 $124M +1,323,111 +81.0%
4 NUVL 4.68% 1,562,336 $135M $86.48 $30M +187,156 +13.6%
5 MRUS 4.41% 1,353,093 $127M $94.15 $90M +644,917 +91.1%
6 AMLX 4.22% 8,952,365 $122M $13.59 $71M +1,050,000 +13.3%
7 ROIV 3.86% 7,368,461 $111M $15.13 $74M +4,036,996 +121.2%
8 MGTX 3.60% 12,626,103 $104M $8.22 $22M
9 INSM 3.50% 702,130 $101M $144.01 $36M +51,878 +8.0%
10 TVTX 3.14% 3,794,615 $91M $23.90 $78M +2,960,363 +354.9%
11 AORT 2.96% 2,020,000 $86M $42.34 -$1M -773,703 -27.7%
12 IMTX 2.77% 9,383,456 $80M $8.52 $29M
13 CNTA 2.61% 3,100,902 $75M $24.25 $60M +1,953,967 +170.4%
14 PTGX 2.37% 1,030,134 $68M $66.43 $9M -44,314 -4.1%
15 NBIX 2.19% 450,050 $63M $140.38 $31M +195,000 +76.5%
16 EWTX 2.13% 3,795,894 $62M $16.22 $740K -844,055 -18.2%
17 VRNA 1.94% 524,088 $56M $106.71 -$465M -4,983,503 -90.5%
18 PEN 1.94% 220,547 $56M $253.32 $47M +187,750 +572.5%
19 AKRO 1.87% 1,135,766 $54M $47.48 $5M +219,879 +24.0%
20 OMDA 1.84% 2,396,330 $53M $22.11 $9M -30,000 -1.2%
21 FOLD 1.74% 6,370,851 $50M $7.88 $8M -1,041,979 -14.1%
22 ATXS 1.64% 6,485,420 $47M $7.28 $12M
23 RGEN 1.25% 270,428 $36M $133.67 $16M +104,428 +62.9%
24 SION 1.20% 1,179,098 $35M $29.41 $14M -36,947 -3.0%
25 CAI 1.15% 1,098,163 $33M $30.25 $4M
26 ABVX 1.14% 388,608 $33M $84.90 +388,608 NEW
27 VRDN 1.09% 1,462,400 $32M $21.58 $25M +1,014,893 +226.8%
28 CTMX 1.07% 9,680,185 $31M $3.19 $15M +2,686,539 +38.4%
29 BSX 1.05% 310,000 $30M $97.63 $190K +30,000 +10.7%
30 ALDX 0.94% 5,222,311 $27M $5.22 $12M +1,170,680 +28.9%
31 IMVT 0.89% 1,587,890 $26M $16.12 -$9M -550,000 -25.7%
32 EXAS 0.88% 465,487 $25M $54.71 +465,487 NEW
33 PVLA 0.86% 395,093 $25M $62.69 +395,093 NEW
34 ORKA 0.84% 1,268,021 $24M $19.23 +1,268,021 NEW
35 ISRG 0.81% 52,119 $23M $447.23 -$1M +7,000 +15.5%
36 IRTC 0.73% 123,000 $21M $171.99 +123,000 NEW
37 AQST 0.73% 3,760,099 $21M $5.59 $14M +1,569,679 +71.7%
38 SYRE 0.71% 1,229,445 $21M $16.76 -$2M -300,000 -19.6%
39 ADGM 0.66% 9,876,576 $19M $1.94 $6M
40 AXSM 0.63% 148,900 $18M $121.45 -$3M -49,634 -25.0%
41 ADMA 0.59% 1,153,468 $17M $14.66 -$7M -150,000 -11.5%
42 OBIO 0.45% 5,292,556 $13M $2.48 $817K +700,000 +15.2%
43 NRIX 0.45% 1,416,149 $13M $9.24 $591K +319,164 +29.1%
44 RAPP 0.42% 403,923 $12M $29.70 +403,923 NEW
45 OM 0.41% 833,333 $12M $14.12 -$4M
46 NAUT 0.37% 12,594,211 $11M $0.84 $2M
47 CRVS 0.37% 1,438,595 $11M $7.37 $5M
48 KOD 0.36% 634,577 $10M $16.37 +634,577 NEW
49 SEPN 0.35% 541,450 $10M $18.81 $4M
50 GOSS 0.35% 3,812,797 $10M $2.63 +3,812,797 NEW
51 KYMR 0.33% 169,796 $10M $56.60 $441K -40,310 -19.2%
52 CTNM 0.29% 714,592 $8M $11.75 $6M +15,106 +2.2%
53 XENE 0.28% 200,791 $8M $40.15 $2M
54 AVR 0.27% 1,705,130 $8M $4.50 $1M
55 JANX 0.25% 292,686 $7M $24.44 $392K
56 IRD 0.25% 4,325,000 $7M $1.65 $3M
57 TEM 0.24% 85,000 $7M $80.71 +85,000 NEW
58 DYN 0.24% 540,444 $7M $12.65 -$15M -1,706,946 -76.0%
59 KRYS 0.21% 35,000 $6M $176.53 +35,000 NEW
60 BBNX 0.19% 277,944 $6M $19.87 -$18M -1,315,664 -82.6%
61 HTFL 0.17% 150,000 $5M $33.66 +150,000 NEW
62 RAPT 0.16% 183,890 $5M $25.79 $3M
63 PEPG 0.13% 829,870 $4M $4.62 +829,870 NEW
64 BLTE 0.13% 49,788 $4M $74.00 +49,788 NEW
65 SCPH 0.11% 583,142 $3M $5.67 $1M +83,142 +16.6%
66 VKTX 0.10% 105,597 $3M $26.28 -$7M -275,103 -72.3%
67 PYXS 0.09% 1,178,307 $3M $2.22 +1,178,307 NEW
68 LONA 0.08% 540,296 $2M $4.14 +540,296 NEW
69 NVNO 0.06% 1,759,035 $2M $0.91 -$4M +474,069 +36.9%
70 LYRA 0.05% 229,382 $1M $6.53 -$788K -25,768 -10.1%
71 QURE 0.04% 20,000 $1M $58.37 +20,000 NEW
72 LXEO 0.03% 139,835 $929K $6.64 $366K
73 BDSX 0.03% 108,694 $821K $7.55 +108,694 NEW
74 ANRO 0.02% 155,366 $625K $4.02 +155,366 NEW
75 APYX 0.01% 150,000 $321K $2.14 -$16K
76 SRZNW —% 166,666 $3K $0.02 -$50
77 CRL —% -$15M -100,000 -100.0% SOLD
78 PODD —% -$19M -60,387 -100.0% SOLD
79 GMED —% -$5M -88,500 -100.0% SOLD
80 EOLS —% -$23M -2,474,843 -100.0% SOLD
81 RARE —% -$10M -270,000 -100.0% SOLD

Options Breakdown

1 Calls $0 Call Value 3 Puts $2M Put Value

Top Calls

SymbolSharesValueStatus
CAPR $0 SOLD

Top Puts

SymbolSharesValueStatus
SPRY 200,000 $2M NEW
CAPR $0 SOLD
XBI $0 SOLD

New Positions

SymbolValue% Port
ABVX $33M 1.14%
EXAS $25M 0.88%
PVLA $25M 0.86%
ORKA $24M 0.84%
IRTC $21M 0.73%
RAPP $12M 0.42%
KOD $10M 0.36%
GOSS $10M 0.35%
TEM $7M 0.24%
KRYS $6M 0.21%
HTFL $5M 0.17%
PEPG $4M 0.13%
BLTE $4M 0.13%
PYXS $3M 0.09%
LONA $2M 0.08%

Sold Out Positions

SymbolValue% Port
GMED —%
CRL —%
EOLS —%
RARE —%
PODD —%
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