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Asset Manager ← All Institutions

RA CAPITAL MANAGEMENT, L.P.

Q2 2025 · Filed 2025-08-14
Market Value
$3.8B
-4.3%
Holdings
78
-8
New Purchases
6
Added To
8
Closed
24
Reduced
7
Top 10 Concentration
58.9%
Turnover
38.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CDTX 4.26% 0.59% +3.68% $164M
SION 4.71% 2.72% +1.99% $181M
SPRY 4.93% 3.40% +1.53% $190M
ETNB 5.08% 3.60% +1.48% $195M
RYTM 9.14% 8.02% +1.12% $351M
FULC 1.83% 0.73% +1.10% $70M
TSHA 1.41% 0.38% +1.04% $54M
SEPN 1.92% 1.01% +0.91% $74M
RNAM 5.37% 4.63% +0.74% $206M
TYRA 3.04% 2.46% +0.57% $117M
GHRS 2.43% 1.91% +0.53% $94M
LENZ 3.18% 2.67% +0.51% $122M
HNGE 0.40% 0.00% +0.40% $16M
JBIO 0.28% 0.00% +0.28% $11M
TNGX 0.27% 0.00% +0.27% $10M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EWTX 3.38% 4.88% -1.50% $130M
PCVX 10.11% 11.46% -1.34% $389M
ZLAB 0.00% 1.16% -1.16% $0
DAWN 0.00% 1.14% -1.14% $0
RXST 1.25% 2.35% -1.10% $48M
URGN 0.00% 0.88% -0.88% $0
JANX 6.72% 7.52% -0.80% $258M
ATXS 0.00% 0.68% -0.68% $0
KURA 0.00% 0.66% -0.66% $0
WVE 3.08% 3.66% -0.58% $118M
BCAX 1.68% 2.26% -0.58% $65M
AVTE 0.00% 0.57% -0.57% $0
IDYA 0.00% 0.55% -0.55% $0
ITOS 0.00% 0.54% -0.54% $0
GKOS 0.00% 0.47% -0.47% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 2 $206M 5.4%
Mid Cap 23 $1.8B 47.5%
Small Cap 34 $1.5B 39.7%
Micro Cap 19 $286M 7.4%

Portfolio Analytics

Avg Market Cap
$2.1B
Median Market Cap
$1.1B
Avg P/E
Median P/E
Avg Dividend Yield
—%
Avg Beta
1.16
# 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 10.11% 11,965,991 $389M $32.51 -$71M -223,158 -1.8%
2 RYTM 9.14% 5,561,359 $351M $63.19 $29M -523,053 -8.6%
3 JANX 6.72% 11,189,693 $258M $23.10 -$44M
4 RNAM 5.37% 7,266,031 $206M $28.40 $20M +965,623 +15.3%
5 ACLX 5.20% 3,036,527 $200M $65.85 $759K
6 ETNB 5.08% 19,889,683 $195M $9.82 $51M
7 SPRY 4.93% 10,860,977 $190M $17.45 $53M
8 SION 4.71% 10,445,322 $181M $17.35 $72M
9 CDTX 4.26% 3,365,523 $164M $48.71 $140M +2,272,727 +208.0%
10 EWTX 3.38% 9,902,633 $130M $13.11 -$66M +993,542 +11.2%
11 LENZ 3.18% 4,178,823 $122M $29.31 $15M
12 WVE 3.08% 18,202,009 $118M $6.50 -$29M
13 TYRA 3.04% 12,198,625 $117M $9.57 $18M +1,561,335 +14.7%
14 GHRS 2.43% 7,676,697 $94M $12.19 $17M +732,049 +10.5%
15 DYN 2.40% 9,714,392 $92M $9.52 -$9M
16 GERN 2.21% 60,379,366 $85M $1.41 -$11M
17 IRON 2.17% 1,577,106 $84M $52.96 $5M
18 MLYS 2.16% 6,147,280 $83M $13.53 -$14M
19 SEPN 1.92% 6,995,858 $74M $10.57 $33M
20 FULC 1.83% 10,229,099 $70M $6.88 $41M
21 BCAX 1.68% 6,955,993 $65M $9.29 -$26M
22 TSHA 1.41% 23,555,648 $54M $2.31 $39M +12,683,145 +116.7%
23 DNTH 1.39% 2,866,733 $53M $18.63 $1M
24 RXST 1.25% 3,702,967 $48M $13.00 -$46M -40,051 -1.1%
25 TRML 1.06% 2,538,925 $41M $15.99 $2M
26 SRRK 1.05% 1,136,453 $40M $35.42 $4M
27 CLYM 1.01% 31,419,267 $39M $1.24 $628K
28 GPCR 0.82% 1,517,418 $31M $20.74 $5M
29 MTSR 0.50% 675,525 $19M $28.45 $831K
30 NKTX 0.47% 10,805,129 $18M $1.66 -$2M
31 LRMR 0.45% 6,045,351 $17M $2.89 $4M
32 ABOS 0.45% 14,932,063 $17M $1.16 $896K
33 ELVN 0.44% 848,986 $17M $20.06 $323K
34 TVTX 0.44% 1,150,000 $17M $14.80 -$4M
35 FDMT 0.44% 4,563,211 $17M $3.71 $2M
36 HNGE 0.40% 300,000 $16M $51.75 +300,000 NEW
37 ARTV 0.39% 9,853,302 $15M $1.51 -$15M
38 PEPG 0.31% 10,689,545 $12M $1.11 -$3M
39 JBIO 0.28% 1,062,326 $11M $9.99 +1,062,326 NEW
40 TNGX 0.27% 2,000,000 $10M $5.12 +2,000,000 NEW
41 ACRV 0.26% 8,340,508 $10M $1.19 -$7M
42 ELDN 0.25% 3,566,338 $10M $2.71 -$2M
43 RCUS 0.24% 1,136,364 $9M $8.14 $330K
44 OMDA 0.19% 400,000 $7M $18.30 +400,000 NEW
45 HOWL 0.19% 6,681,307 $7M $1.09 $1M +536,426 +8.7%
46 BBNX 0.19% 500,000 $7M $14.56 $1M
47 CTMX 0.16% 2,661,331 $6M $2.27 $5M +1,661,331 +166.1%
48 TXG 0.14% 475,343 $6M $11.58 -$11M -1,468,904 -75.5%
49 WGS 0.14% 58,044 $5M $92.31 +58,044 NEW
50 ACET 0.12% 7,541,000 $5M $0.61 -$1M
51 MBX 0.11% 377,841 $4M $11.41 -$7M -1,133,493 -75.0%
52 TARA 0.08% 1,039,295 $3M $3.03 -$11M -2,360,705 -69.4%
53 ACHC 0.05% 89,262 $2M $22.69 -$5M -127,738 -58.9%
54 IFRX 0.04% 1,973,233 $2M $0.79 +1,973,233 NEW
55 CBLL —% -$16M -824,582 -100.0% SOLD
56 DAWN —% -$46M -5,755,577 -100.0% SOLD
57 ALEC —% -$12M -9,695,228 -100.0% SOLD
58 BCYC —% -$9M -1,093,477 -100.0% SOLD
59 LXEO —% -$2M -546,554 -100.0% SOLD
60 SERA —% -$11M -3,032,808 -100.0% SOLD
61 KURA —% -$26M -4,004,610 -100.0% SOLD
62 NRIX —% -$16M -1,333,333 -100.0% SOLD
63 XNCR —% -$6M -575,000 -100.0% SOLD
64 GKOS —% -$19M -190,256 -100.0% SOLD
65 EYPT —% -$17M -3,181,818 -100.0% SOLD
66 IMTX —% -$8M -1,750,000 -100.0% SOLD
67 HUMA —% -$6M -3,312,356 -100.0% SOLD
68 BOLD —% -$3M -2,180,631 -100.0% SOLD
69 STRO —% -$3M -4,434,637 -100.0% SOLD
70 URGN —% -$35M -3,206,271 -100.0% SOLD
71 ATXS —% -$27M -5,105,213 -100.0% SOLD
72 ZLAB —% -$47M -1,295,040 -100.0% SOLD
73 BIOA —% -$4M -1,052,494 -100.0% SOLD
74 ACRS —% -$7M -4,666,667 -100.0% SOLD
75 IDYA —% -$22M -1,347,252 -100.0% SOLD
76 AVTE —% -$23M -9,192,092 -100.0% SOLD
77 ITOS —% -$22M -3,649,057 -100.0% SOLD
78 INSM —% -$15M -200,000 -100.0% SOLD

New Positions

SymbolValue% Port
HNGE $16M 0.40%
JBIO $11M 0.28%
TNGX $10M 0.27%
OMDA $7M 0.19%
WGS $5M 0.14%
IFRX $2M 0.04%

Sold Out Positions

SymbolValue% Port
GKOS —%
CBLL —%
BCYC —%
ACRS —%
BIOA —%
LXEO —%
HUMA —%
EYPT —%
IMTX —%
KURA —%
ALEC —%
SERA —%
URGN —%
XNCR —%
BOLD —%
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