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Asset Manager ← All Institutions

RA CAPITAL MANAGEMENT, L.P.

Q3 2025 · Filed 2025-11-14
Market Value
$5.6B
+46.7%
Holdings
68
-10
New Purchases
14
Added To
6
Closed
11
Reduced
0
Top 10 Concentration
58.5%
Turnover
36.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MLYS 4.92% 2.16% +2.76% $278M
NUVL 1.91% 0.00% +1.91% $108M
VOR 1.71% 0.00% +1.71% $97M
CDTX 5.71% 4.26% +1.45% $322M
PEPG 1.64% 0.31% +1.33% $93M
RNAM 6.67% 5.37% +1.31% $376M
BLTE 1.15% 0.00% +1.15% $65M
RYTM 10.17% 9.14% +1.03% $574M
SION 5.45% 4.71% +0.73% $307M
DNTH 2.00% 1.39% +0.61% $113M
LBRX 0.50% 0.00% +0.50% $28M
CTNM 0.44% 0.00% +0.44% $25M
SEPN 2.33% 1.92% +0.41% $132M
ADGI 0.33% 0.00% +0.33% $19M
PRME 0.29% 0.00% +0.29% $17M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SPRY 1.94% 4.93% -2.99% $109M
PCVX 7.64% 10.11% -2.47% $431M
DYN 0.00% 2.40% -2.40% $0
JANX 4.85% 6.72% -1.87% $273M
RXST 0.00% 1.25% -1.25% $0
TRML 0.00% 1.06% -1.06% $0
ACLX 4.42% 5.20% -0.78% $249M
GERN 1.47% 2.21% -0.75% $83M
WVE 2.36% 3.08% -0.71% $133M
GHRS 1.95% 2.43% -0.49% $110M
ELVN 0.00% 0.44% -0.44% $0
HNGE 0.00% 0.40% -0.40% $0
EWTX 3.00% 3.38% -0.38% $169M
IRON 1.85% 2.17% -0.32% $104M
SRRK 0.77% 1.05% -0.28% $43M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 2 $379M 6.7%
Mid Cap 22 $2.6B 46.3%
Small Cap 30 $2.1B 37.6%
Micro Cap 14 $526M 9.3%

Portfolio Analytics

Avg Market Cap
$2.4B
Median Market Cap
$1.2B
Avg P/E
19.7
Median P/E
19.7
Avg Dividend Yield
—%
Avg Beta
1.19
# Stocks
68
# ETFs / Funds
0

Top Holdings (68 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RYTM 10.17% 5,681,359 $574M $100.99 $222M +120,000 +2.2%
2 PCVX 7.64% 11,965,991 $431M $36.02 $42M
3 RNAM 6.67% 8,641,031 $376M $43.57 $170M +1,375,000 +18.9%
4 CDTX 5.71% 3,365,523 $322M $95.76 $158M
5 SION 5.45% 10,445,322 $307M $29.41 $126M
6 ETNB 5.18% 19,889,683 $292M $14.70 $97M
7 MLYS 4.92% 7,323,750 $278M $37.92 $195M +1,176,470 +19.1%
8 JANX 4.85% 11,189,693 $273M $24.44 $15M
9 ACLX 4.42% 3,036,527 $249M $82.10 $49M
10 LENZ 3.45% 4,178,823 $195M $46.58 $72M
11 TYRA 3.03% 12,198,625 $171M $13.99 $54M
12 EWTX 3.00% 10,428,437 $169M $16.22 $39M +525,804 +5.3%
13 WVE 2.36% 18,202,009 $133M $7.32 $15M
14 SEPN 2.33% 6,995,858 $132M $18.81 $58M
15 DNTH 2.00% 2,866,733 $113M $39.35 $59M
16 BCAX 1.95% 6,955,993 $110M $15.79 $45M
17 GHRS 1.95% 7,676,697 $110M $14.30 $16M
18 SPRY 1.94% 10,860,977 $109M $10.05 -$80M
19 NUVL 1.91% 1,246,456 $108M $86.48 +1,246,456 NEW
20 IRON 1.85% 1,577,106 $104M $66.08 $21M
21 VOR 1.71% 1,982,301 $97M $48.72 +1,982,301 NEW
22 FULC 1.67% 10,229,099 $94M $9.20 $24M
23 PEPG 1.64% 20,064,545 $93M $4.62 $81M +9,375,000 +87.7%
24 GERN 1.47% 60,379,366 $83M $1.37 -$2M
25 TSHA 1.37% 23,555,648 $77M $3.27 $23M
26 BLTE 1.15% 875,000 $65M $74.00 +875,000 NEW
27 CLYM 1.12% 31,419,267 $63M $2.01 $24M
28 SRRK 0.77% 1,166,788 $43M $37.24 $3M +30,335 +2.7%
29 GPCR 0.75% 1,517,418 $42M $28.00 $11M
30 FDMT 0.70% 4,563,211 $40M $8.69 $23M
31 MTSR 0.63% 675,525 $35M $52.33 $16M
32 ARTV 0.50% 9,853,302 $28M $2.87 $13M
33 LBRX 0.50% 1,776,958 $28M $15.79 +1,776,958 NEW
34 TVTX 0.49% 1,150,000 $27M $23.90 $10M
35 ABOS 0.45% 14,932,063 $26M $1.71 $8M
36 CTNM 0.44% 2,122,000 $25M $11.75 +2,122,000 NEW
37 NKTX 0.40% 10,805,129 $22M $2.07 $4M
38 LRMR 0.35% 6,045,351 $20M $3.23 $2M
39 ADGI 0.33% 17,119,096 $19M $1.10 +17,119,096 NEW
40 TNGX 0.30% 2,000,000 $17M $8.40 $7M
41 PRME 0.29% 3,000,000 $17M $5.54 +3,000,000 NEW
42 RCUS 0.27% 1,136,364 $15M $13.60 $6M
43 ACRV 0.27% 8,340,508 $15M $1.81 $5M
44 HOWL 0.23% 6,681,307 $13M $1.97 $6M
45 QURE 0.21% 200,000 $12M $58.37 +200,000 NEW
46 ELDN 0.16% 3,566,338 $9M $2.59 -$428K
47 JBIO 0.16% 1,062,326 $9M $8.63 -$1M
48 INSP 0.15% 114,901 $9M $74.20 +114,901 NEW
49 CTMX 0.15% 2,661,331 $8M $3.19 $2M
50 WGS 0.11% 58,044 $6M $107.74 $896K
51 ACET 0.11% 7,541,000 $6M $0.81 $2M
52 EVH 0.09% 579,052 $5M $8.46 +579,052 NEW
53 GKOS 0.08% 54,180 $4M $81.55 +54,180 NEW
54 DSGN 0.06% 475,699 $4M $7.53 +475,699 NEW
55 EXAS 0.05% 54,939 $3M $54.71 +54,939 NEW
56 IFRX 0.05% 1,973,233 $3M $1.34 $1M
57 PGNY 0.04% 96,628 $2M $21.52 +96,628 NEW
58 TARA —% -$3M -1,039,295 -100.0% SOLD
59 TRML —% -$41M -2,538,925 -100.0% SOLD
60 OMDA —% -$7M -400,000 -100.0% SOLD
61 HNGE —% -$16M -300,000 -100.0% SOLD
62 ACHC —% -$2M -89,262 -100.0% SOLD
63 MBX —% -$4M -377,841 -100.0% SOLD
64 BBNX —% -$7M -500,000 -100.0% SOLD
65 ELVN —% -$17M -848,986 -100.0% SOLD
66 RXST —% -$48M -3,702,967 -100.0% SOLD
67 DYN —% -$92M -9,714,392 -100.0% SOLD
68 TXG —% -$6M -475,343 -100.0% SOLD

New Positions

SymbolValue% Port
NUVL $108M 1.91%
VOR $97M 1.71%
BLTE $65M 1.15%
LBRX $28M 0.50%
CTNM $25M 0.44%
ADGI $19M 0.33%
PRME $17M 0.29%
QURE $12M 0.21%
INSP $9M 0.15%
EVH $5M 0.09%
GKOS $4M 0.08%
DSGN $4M 0.06%
EXAS $3M 0.05%
PGNY $2M 0.04%

Sold Out Positions

SymbolValue% Port
HNGE —%
DYN —%
ACHC —%
MBX —%
BBNX —%
ELVN —%
TXG —%
TARA —%
RXST —%
OMDA —%
TRML —%
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