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Asset Manager ← All Institutions

RA CAPITAL MANAGEMENT, L.P.

Q1 2026 · Filed 2026-05-15
Market Value
$6.4B
-7.3%
Holdings
78
+5
New Purchases
22
Added To
15
Closed
9
Reduced
2
Top 10 Concentration
55.1%
Turnover
39.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PCVX 10.41% 7.16% +3.25% $667M
SGP 3.24% 0.00% +3.24% $208M
TYRA 7.29% 4.64% +2.65% $467M
DNTH 3.42% 0.96% +2.46% $219M
ZLAB 1.68% 0.00% +1.68% $107M
EWTX 5.13% 3.74% +1.38% $328M
SRPT 1.33% 0.00% +1.33% $85M
NUVL 4.05% 2.74% +1.32% $260M
DMRA 0.97% 0.00% +0.97% $62M
XNCR 0.92% 0.00% +0.92% $59M
IPSC 0.63% 0.00% +0.63% $40M
BCRX 2.35% 1.79% +0.57% $151M
BCAX 2.25% 1.69% +0.56% $144M
SYRE 1.28% 0.77% +0.51% $82M
VOR 1.50% 1.02% +0.48% $96M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CDTX 0.00% 10.75% -10.75% $0
RNAM 0.00% 9.02% -9.02% $0
WVE 3.05% 4.48% -1.42% $196M
PEPG 0.55% 1.89% -1.34% $36M
RYTM 9.05% 10.32% -1.27% $580M
ACLX 0.00% 1.20% -1.20% $0
BLTE 0.00% 1.00% -1.00% $0
ADGI 0.00% 0.61% -0.61% $0
MLYS 3.25% 3.84% -0.59% $208M
SPRY 1.36% 1.83% -0.47% $87M
LENZ 0.60% 0.97% -0.37% $38M
OLMA 0.61% 0.94% -0.34% $39M
LXEO 0.45% 0.72% -0.27% $29M
FULC 0.72% 0.99% -0.27% $46M
TSHA 1.64% 1.87% -0.23% $105M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 2 $0 0.0%
Mid Cap 16 $2.5B 39.0%
Small Cap 40 $3.4B 53.4%
Micro Cap 20 $485M 7.6%

Portfolio Analytics

Avg Market Cap
$2.0B
Median Market Cap
$814M
Avg P/E
25.5
Median P/E
29.7
Avg Dividend Yield
—%
Avg Beta
1.08
# Stocks
78
# ETFs / Funds
0

Top Holdings (78 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 PCVX 10.41% 11,474,599 $667M $58.11 $172M +750,000 +7.0%
2 RYTM 9.05% 6,666,837 $580M $86.97 -$134M
3 TYRA 7.29% 12,198,625 $467M $38.30 $147M
4 SION 6.20% 9,905,045 $397M $40.09 -$10M
5 EWTX 5.13% 10,428,437 $328M $31.50 $70M
6 NUVL 4.05% 2,534,145 $260M $102.45 $71M +654,088 +34.8%
7 DNTH 3.42% 2,611,733 $219M $83.92 $153M +1,000,000 +62.0%
8 MLYS 3.25% 7,692,750 $208M $27.09 -$57M +369,000 +5.0%
9 SGP 3.24% 8,021,117 $208M $25.91 +8,021,117 NEW
10 WVE 3.05% 26,975,505 $196M $7.25 -$114M +8,772,496 +48.2%
11 SEPN 2.62% 6,995,858 $168M $24.03 -$27M
12 IRON 2.45% 2,450,221 $157M $63.94 -$258K +474,089 +24.0%
13 JANX 2.43% 11,189,693 $156M $13.90 $1M
14 BCRX 2.35% 15,827,186 $151M $9.52 $27M
15 BCAX 2.25% 7,255,993 $144M $19.89 $27M +300,000 +4.3%
16 GHRS 1.68% 7,676,697 $108M $14.06 $10M
17 ZLAB 1.68% 5,707,262 $107M $18.81 +5,707,262 NEW
18 TSHA 1.64% 23,555,648 $105M $4.47 -$24M
19 VOR 1.50% 5,404,998 $96M $17.84 $26M
20 GERN 1.48% 63,771,366 $95M $1.49 $11M
21 SPRY 1.36% 10,860,977 $87M $8.03 -$39M
22 SRPT 1.33% 3,902,596 $85M $21.76 +3,902,596 NEW
23 SYRE 1.28% 1,621,620 $82M $50.44 $29M
24 EVMN 1.25% 3,494,638 $80M $22.99 $21M +35,868 +1.0%
25 CLYM 1.21% 11,300,939 $77M $6.85 -$300K +7,111 +0.1%
26 ARTV 0.99% 9,853,302 $63M $6.44 $21M
27 DMRA 0.97% 2,399,310 $62M $25.90 +2,399,310 NEW
28 XNCR 0.92% 4,897,237 $59M $12.06 +4,897,237 NEW
29 LBRX 0.85% 2,208,604 $54M $24.66 $5M
30 JBIO 0.80% 3,671,083 $52M $14.05 -$5M
31 ABOS 0.77% 20,992,669 $50M $2.36 $18M +6,060,606 +40.6%
32 FDMT 0.73% 5,049,779 $47M $9.31 $5M -603,432 -10.7%
33 FULC 0.72% 6,053,960 $46M $7.67 -$22M
34 CAPR 0.72% 1,507,844 $46M $30.40 $2M
35 IPSC 0.63% 17,754,430 $40M $2.26 +17,754,430 NEW
36 OLMA 0.61% 2,600,000 $39M $14.91 -$26M
37 LENZ 0.60% 4,178,823 $38M $9.15 -$29M
38 PEPG 0.55% 20,064,545 $36M $1.77 -$95M
39 DSGN 0.49% 2,972,973 $32M $10.64 $18M +1,511,592 +103.4%
40 MIRM 0.46% 318,554 $29M $92.38 +318,554 NEW
41 BIOA 0.45% 1,650,648 $29M $17.49 +1,650,648 NEW
42 LXEO 0.45% 5,000,000 $29M $5.74 -$21M
43 RZLT 0.44% 9,180,000 $28M $3.05 $6M
44 AKTS 0.42% 1,503,084 $27M $17.89 +1,503,084 NEW
45 ALXO 0.41% 13,011,849 $26M $2.00 +13,011,849 NEW
46 ACRS 0.40% 6,804,072 $26M $3.75 +6,804,072 NEW
47 OVID 0.37% 10,714,000 $24M $2.22 $6M
48 NKTX 0.36% 10,805,129 $23M $2.11 $3M
49 TVTX 0.35% 746,841 $22M $29.71 +746,841 NEW
50 GRAL 0.35% 428,266 $22M $51.68 -$15M
51 CCCC 0.33% 8,000,000 $21M $2.63 $6M
52 RLMD 0.32% 2,947,369 $21M $6.96 +2,947,369 NEW
53 CTNM 0.26% 1,296,012 $17M $13.06 -$8M -883,699 -40.5%
54 INSP 0.26% 325,663 $17M $51.58 $4M +183,699 +129.4%
55 AVR 0.26% 3,000,000 $17M $5.55 +3,000,000 NEW
56 OKUR 0.26% 3,998,333 $17M $4.14 +3,998,333 NEW
57 HNGE 0.22% 364,613 $14M $38.56 $10M +284,500 +355.1%
58 WGS 0.21% 209,887 $13M $64.22 $6M +151,843 +261.6%
59 WAY 0.20% 529,400 $13M $24.11 $8M +385,000 +266.6%
60 HLXC 0.20% 1,250,000 $13M $10.16 +1,250,000 NEW
61 ACRV 0.18% 8,340,508 $12M $1.39 -$9M
62 RNA 0.18% 864,102 $12M $13.37 +864,102 NEW
63 KPTI 0.17% 1,917,354 $11M $5.57 +1,917,354 NEW
64 CRVS 0.10% 450,000 $7M $14.63 +450,000 NEW
65 RANI 0.10% 8,500,000 $6M $0.73 -$5M
66 EQ 0.10% 3,096,336 $6M $2.00 +3,096,336 NEW
67 HOWL 0.09% 6,681,307 $6M $0.83 $1M
68 MGNX 0.08% 1,864,176 $5M $2.89 +1,864,176 NEW
69 MPLT 0.08% 248,294 $5M $20.33 +248,294 NEW
70 ACLX —% -$83M -1,267,156 -100.0% SOLD
71 PGNY —% -$2M -96,628 -100.0% SOLD
72 KIDS —% -$2M -109,959 -100.0% SOLD
73 BLTE —% -$69M -432,484 -100.0% SOLD
74 RNAM —% -$623M -8,641,031 -100.0% SOLD
75 MDLN —% -$14M -335,000 -100.0% SOLD
76 ADGI —% -$42M -17,119,096 -100.0% SOLD
77 HCAT —% -$2M -793,749 -100.0% SOLD
78 CDTX —% -$743M -3,365,523 -100.0% SOLD

New Positions

SymbolValue% Port
SGP $208M 3.24%
ZLAB $107M 1.68%
SRPT $85M 1.33%
DMRA $62M 0.97%
XNCR $59M 0.92%
IPSC $40M 0.63%
MIRM $29M 0.46%
BIOA $29M 0.45%
AKTS $27M 0.42%
ALXO $26M 0.41%
ACRS $26M 0.40%
TVTX $22M 0.35%
RLMD $21M 0.32%
AVR $17M 0.26%
OKUR $17M 0.26%

Sold Out Positions

SymbolValue% Port
BLTE —%
MDLN —%
HCAT —%
KIDS —%
PGNY —%
ACLX —%
RNAM —%
ADGI —%
CDTX —%
View SEC EDGAR Filings for RA CAPITAL MANAGEMENT, L.P. →

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