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Asset Manager ← All Institutions

DAFNA Capital Management LLC

Q3 2025 · Filed 2025-11-14
Market Value
$382M
+13.2%
Holdings
74
-4
New Purchases
6
Added To
9
Closed
7
Reduced
23
Top 10 Concentration
60.4%
Turnover
17.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
STXS 11.12% 8.58% +2.54% $43M
CYTK 5.68% 3.89% +1.78% $22M
AXGN 3.46% 2.38% +1.08% $13M
NKTR 0.82% 0.08% +0.74% $3M
RCUS 2.23% 1.51% +0.72% $9M
RVMD 8.02% 7.37% +0.65% $31M
AQST 0.75% 0.14% +0.61% $3M
RAPP 0.58% 0.00% +0.58% $2M
LRMR 0.87% 0.32% +0.55% $3M
KRRO 0.76% 0.21% +0.55% $3M
CMPS 1.22% 0.67% +0.54% $5M
SNDX 2.01% 1.51% +0.51% $8M
CMPX 0.87% 0.41% +0.46% $3M
BCAX 1.31% 0.87% +0.44% $5M
MBX 0.39% 0.00% +0.39% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BPMC 0.00% 6.40% -6.40% $0
URGN 0.14% 1.42% -1.27% $549K
MRUS 5.43% 6.21% -0.78% $21M
MLYS 0.83% 1.49% -0.66% $3M
STOK 1.04% 1.69% -0.64% $4M
KALV 1.35% 1.95% -0.60% $5M
DXCM 1.15% 1.69% -0.54% $4M
TNDM 1.13% 1.62% -0.50% $4M
ITOS 0.00% 0.42% -0.42% $0
PODD 0.55% 0.92% -0.37% $2M
GOSS 0.00% 0.31% -0.31% $0
PVLA 0.00% 0.29% -0.29% $0
ATRC 5.46% 5.74% -0.28% $21M
BWAY 0.22% 0.49% -0.27% $858K
TELA 0.56% 0.83% -0.27% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 6 $49M 12.9%
Mid Cap 18 $170M 44.5%
Small Cap 32 $92M 24.0%
Micro Cap 18 $71M 18.6%

Portfolio Analytics

Avg Market Cap
$3.3B
Median Market Cap
$1.3B
Avg P/E
31.2
Median P/E
28.5
Avg Dividend Yield
—%
Avg Beta
1.02
# Stocks
72
# ETFs / Funds
2

Top Holdings (74 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 STXS 11.12% 13,680,554 $43M $3.11 $14M
2 XBI 10.52% 401,505 $40M $100.20 $6M -14,000 -3.4%
3 RVMD 8.02% 657,176 $31M $46.70 $6M -20,000 -3.0%
4 CYTK 5.68% 394,940 $22M $54.96 $9M -3,160 -0.8%
5 ATRC 5.46% 592,273 $21M $35.25 $1M
6 MRUS 5.43% 220,451 $21M $94.15 -$222K -178,353 -44.7%
7 IBB 3.87% 102,500 $15M $144.37 $2M
8 IDYA 3.84% 539,923 $15M $27.21 $2M -79,167 -12.8%
9 AXGN 3.46% 742,282 $13M $17.84 $5M +500 +0.1%
10 XENE 3.02% 287,939 $12M $40.15 $3M
11 NBIX 2.59% 70,615 $10M $140.38 $1M
12 RCUS 2.23% 627,626 $9M $13.60 $3M
13 SNDX 2.01% 500,702 $8M $15.38 $3M -42,900 -7.9%
14 DAWN 1.84% 999,163 $7M $7.05 $1M +120,000 +13.7%
15 KALV 1.35% 422,731 $5M $12.18 -$1M -159,026 -27.3%
16 BCAX 1.31% 317,001 $5M $15.79 $2M
17 INGN 1.29% 605,625 $5M $8.17 $690K
18 CMPS 1.22% 811,046 $5M $5.73 $2M
19 LKFT 1.18% 130,175 $5M $34.64 $866K
20 DXCM 1.15% 65,552 $4M $67.29 -$1M
21 TNDM 1.13% 355,208 $4M $12.14 -$1M +61,000 +20.7%
22 KURA 1.07% 463,368 $4M $8.85 $1M
23 ALKS 1.06% 134,748 $4M $30.00 $1M +31,000 +29.9%
24 STOK 1.04% 169,791 $4M $23.50 -$2M -332,181 -66.2%
25 EWTX 0.91% 213,736 $3M $16.22 $345K -24,404 -10.2%
26 PRQR 0.87% 1,567,561 $3M $2.13 $141K
27 LRMR 0.87% 1,027,764 $3M $3.23 $2M +656,330 +176.7%
28 CMPX 0.87% 946,661 $3M $3.50 $2M +420,001 +79.8%
29 MLYS 0.83% 83,490 $3M $37.92 -$2M -288,033 -77.5%
30 NKTR 0.82% 54,998 $3M $56.90 $3M +44,998 +450.0%
31 IMVT 0.81% 191,493 $3M $16.12 $23K
32 KRRO 0.76% 60,804 $3M $47.89 $2M +3,113 +5.4%
33 AQST 0.75% 512,589 $3M $5.59 $2M +370,589 +261.0%
34 DNLI 0.64% 168,500 $2M $14.52 $89K
35 LXEO 0.62% 358,083 $2M $6.64 $858K -20,000 -5.3%
36 ALEC 0.62% 798,351 $2M $2.96 $1M -114,577 -12.6%
37 ATXS 0.61% 319,775 $2M $7.28 $587K -5,000 -1.5%
38 RAPP 0.58% 75,000 $2M $29.70 +75,000 NEW
39 TELA 0.56% 1,441,029 $2M $1.49 -$648K
40 PODD 0.55% 6,870 $2M $308.73 -$989K -3,030 -30.6%
41 ARAY 0.53% 1,222,358 $2M $1.67 $367K
42 IMTX 0.52% 235,000 $2M $8.52 $684K -10,000 -4.1%
43 ALLO 0.45% 1,380,118 $2M $1.24 $152K
44 VKTX 0.44% 64,516 $2M $26.28 -$14K
45 BCRX 0.43% 218,255 $2M $7.59 -$299K
46 GPCR 0.43% 59,000 $2M $28.00 $428K
47 MBX 0.39% 85,000 $1M $17.50 +85,000 NEW
48 SPRY 0.37% 140,500 $1M $10.05 +140,500 NEW
49 ALGN 0.36% 11,000 $1M $125.22 -$705K
50 KROS 0.33% 80,716 $1M $15.82 -$463K -49,600 -38.1%
51 INSP 0.33% 17,200 $1M $74.20 +17,200 NEW
52 ORIC 0.33% 104,671 $1M $12.00 -$117K -30,600 -22.6%
53 BDTX 0.30% 307,070 $1M $3.79 -$4K -163,930 -34.8%
54 OBIO 0.24% 363,636 $902K $2.48 +363,636 NEW
55 BWAY 0.22% 56,966 $858K $15.07 -$814K -70,185 -55.2%
56 IPSC 0.22% 1,704,232 $849K $0.50 -$103K
57 ERAS 0.20% 350,000 $763K $2.18 $318K
58 BNTX 0.18% 7,000 $690K $98.62 -$55K
59 CLDX 0.17% 24,518 $634K $25.87 +24,518 NEW
60 FHTX 0.16% 126,859 $620K $4.89 -$792K -173,593 -57.8%
61 URGN 0.14% 27,515 $549K $19.95 -$4M -322,000 -92.1%
62 NGNE 0.14% 30,375 $526K $17.33 -$237K -20,721 -40.5%
63 BCYC 0.13% 64,492 $499K $7.74 $51K
64 ADCT 0.13% 122,081 $488K $4.00 $161K
65 CGEN 0.10% 272,402 $400K $1.47 -$84K
66 STRO 0.10% 437,079 $380K $0.87 $68K
67 AUTL 0.08% 179,316 $292K $1.63 -$678K -246,300 -57.9%
68 PRCT —% -$173K -3,000 -100.0% SOLD
69 PVLA —% -$977K -43,348 -100.0% SOLD
70 IFRX —% -$158K -200,000 -100.0% SOLD
71 GOSS —% -$1M -849,921 -100.0% SOLD
72 BPMC —% -$22M -168,763 -100.0% SOLD
73 ACET —% -$329K -540,000 -100.0% SOLD
74 ITOS —% -$1M -140,847 -100.0% SOLD

New Positions

SymbolValue% Port
RAPP $2M 0.58%
MBX $1M 0.39%
SPRY $1M 0.37%
INSP $1M 0.33%
OBIO $902K 0.24%
CLDX $634K 0.17%

Sold Out Positions

SymbolValue% Port
ACET —%
IFRX —%
PRCT —%
GOSS —%
PVLA —%
BPMC —%
ITOS —%
View SEC EDGAR Filings for DAFNA Capital Management LLC →

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