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Asset Manager ← All Institutions

Stonepine Capital Management, LLC

Q2 2025 · Filed 2025-08-13
Market Value
$88M
-2.6%
Holdings
75
+11
New Purchases
19
Added To
20
Closed
24
Reduced
12
Top 10 Concentration
65.5%
Turnover
57.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ADMA 15.45% 0.03% +15.43% $14M
ACAD 5.49% 0.20% +5.29% $5M
ITOS 3.50% 0.72% +2.77% $3M
ARDX 2.46% 0.00% +2.46% $2M
ZVRA 7.73% 5.37% +2.36% $7M
0LOV.L 6.39% 4.08% +2.31% $6M
TELA 4.57% 2.76% +1.81% $4M
ENTA 5.17% 3.60% +1.57% $5M
XOMA 4.34% 2.85% +1.49% $4M
NKTR 1.47% 0.00% +1.47% $1M
ALMS 1.19% 0.00% +1.19% $1M
VNDA 1.34% 0.18% +1.16% $1M
RZLT 1.11% 0.00% +1.11% $977K
KALV 1.28% 0.27% +1.01% $1M
SNDX 0.98% 0.00% +0.98% $870K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ANIP 2.85% 15.05% -12.20% $3M
OPTN 0.00% 7.97% -7.97% $0
EOLS 9.55% 15.05% -5.50% $8M
URGN 0.00% 4.07% -4.07% $0
AQST 0.00% 3.35% -3.35% $0
ESTA 0.34% 3.35% -3.01% $299K
LKFT 0.00% 2.60% -2.60% $0
ACRS 0.79% 3.05% -2.26% $698K
ANIK 2.28% 3.60% -1.31% $2M
KROS 0.00% 1.12% -1.12% $0
SCPH 0.00% 1.01% -1.01% $0
GBM.F 0.00% 0.93% -0.93% $0
PROF 0.00% 0.90% -0.90% $0
THRD 0.00% 0.81% -0.81% $0
CALC 0.15% 0.68% -0.52% $136K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 1 $0 0.0%
Mid Cap 5 $10M 11.0%
Small Cap 38 $65M 73.5%
Micro Cap 31 $14M 15.5%

Portfolio Analytics

Avg Market Cap
$890M
Median Market Cap
$391M
Avg P/E
41.9
Median P/E
13.2
Avg Dividend Yield
—%
Avg Beta
0.85
# Stocks
75
# ETFs / Funds
0

Top Holdings (75 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ADMA 15.45% 750,000 $14M $18.21 $14M -60,000 -7.4%
2 EOLS 9.55% 916,500 $8M $9.21 -$5M -218,074 -19.2%
3 ZVRA 7.73% 775,620 $7M $8.81 $2M +125,620 +19.3%
4 0LOV.L 6.39% 1,360,386 $6M $4.15 $2M +747,386 +121.9%
5 ACAD 5.49% 225,000 $5M $21.57 $5M +131,607 +140.9%
6 ENTA 5.17% 604,066 $5M $7.56 $1M +13,324 +2.3%
7 TELA 4.57% 2,083,762 $4M $1.94 $2M +28,537 +1.4%
8 XOMA 4.34% 152,143 $4M $25.20 $1M +22,330 +17.2%
9 ITOS 3.50% 310,033 $3M $9.97 $2M +200,033 +181.8%
10 DAWN 3.31% 450,000 $3M $6.50 $159K +101,180 +29.0%
11 ANIP 2.85% 38,597 $3M $65.25 -$11M -9,403 -19.6%
12 ARDX 2.46% 555,000 $2M $3.92 +555,000 NEW
13 ANIK 2.28% 190,590 $2M $10.58 -$1M -16,049 -7.8%
14 GERN 1.60% 1,000,000 $1M $1.41 $615K +500,000 +100.0%
15 HRTX 1.54% 657,380 $1M $2.07 -$391K -138,720 -17.4%
16 NKTR 1.47% 50,200 $1M $25.84 +50,200 NEW
17 YMAB 1.46% 285,300 $1M $4.51 $706K +154,140 +117.5%
18 COLL 1.39% 41,500 $1M $29.57 $612K +20,893 +101.4%
19 VNDA 1.34% 250,000 $1M $4.72 $1M +214,852 +611.3%
20 KALV 1.28% 100,000 $1M $11.31 $882K +78,450 +364.0%
21 ALMS 1.19% 349,615 $1M $3.00 +349,615 NEW
22 MYO 1.12% 457,419 $988K $2.16 -$343K +180,712 +65.3%
23 RZLT 1.11% 219,000 $977K $4.46 +219,000 NEW
24 XERS 1.08% 205,100 $958K $4.67 $396K +102,835 +100.6%
25 PMVP 1.01% 845,968 $897K $1.06 $210K +215,785 +34.2%
26 SNDX 0.98% 92,900 $870K $9.37 +92,900 NEW
27 GRCE 0.98% 292,500 $869K $2.97 $203K -2,050 -0.7%
28 ANGO 0.87% 77,141 $765K $9.92 +77,141 NEW
29 ACRS 0.79% 491,300 $698K $1.42 -$2M -36,542 -6.9%
30 VIR 0.74% 130,000 $655K $5.04 -$282K -14,628 -10.1%
31 BIOA 0.71% 151,085 $624K $4.13 $436K +101,085 +202.2%
32 LQDA 0.70% 50,000 $623K $12.46 +50,000 NEW
33 ANTX 0.65% 544,494 $577K $1.06 +544,494 NEW
34 SPRO 0.51% 156,888 $455K $2.90 +156,888 NEW
35 HLVX 0.51% 226,009 $450K $1.99 $103K -12,941 -5.4%
36 THTX 0.50% 189,051 $446K $2.36 $410K +163,226 +632.0%
37 LUNG 0.43% 145,900 $378K $2.59 +145,900 NEW
38 HCAT 0.43% 100,000 $377K $3.77 +100,000 NEW
39 ESTA 0.34% 7,000 $299K $42.71 -$3M -67,500 -90.6%
40 DVAX 0.34% 30,000 $298K $9.92 +30,000 NEW
41 0H7R.L 0.29% 45,000 $256K $5.68 +45,000 NEW
42 SVRA 0.22% 85,000 $194K $2.28 $113K +55,921 +192.3%
43 INAB 0.19% 82,430 $172K $2.09 +82,430 NEW
44 NUVB 0.19% 85,300 $166K $1.95 +85,300 NEW
45 KURA 0.16% 25,000 $144K $5.77 +25,000 NEW
46 CLYM 0.16% 116,147 $144K $1.24 +116,147 NEW
47 CALC 0.15% 85,000 $136K $1.60 -$479K -282,371 -76.9%
48 GLUE 0.15% 30,000 $135K $4.51 +30,000 NEW
49 ZNTL 0.14% 109,010 $126K $1.16 $31K +49,010 +81.7%
50 BOLD 0.12% 106,175 $107K $1.01 +106,175 NEW
51 CHRS 0.05% 62,700 $46K $0.73 -$455K -557,888 -89.9%
52 XGN —% -$344K -95,747 -100.0% SOLD
53 ESPR —% -$14K -10,000 -100.0% SOLD
54 MIST —% -$200K -250,000 -100.0% SOLD
55 ELAN —% -$105K -10,000 -100.0% SOLD
56 IMAB —% -$398K -483,647 -100.0% SOLD
57 EBS —% -$24K -5,000 -100.0% SOLD
58 LKFT —% -$2M -93,968 -100.0% SOLD
59 RNXT —% -$275K -278,188 -100.0% SOLD
60 IOVA —% -$67K -20,000 -100.0% SOLD
61 KROS —% -$1M -100,000 -100.0% SOLD
62 AQST —% -$3M -200,000 -100.0% SOLD
63 0SZI.L —% -$186K -35,000 -100.0% SOLD
64 SEPN —% -$394K -68,084 -100.0% SOLD
65 ACET —% -$204K -508,266 -100.0% SOLD
66 SLRN —% -$414K -167,580 -100.0% SOLD
67 GBM.F —% -$845K -518,331 -100.0% SOLD
68 CRGX —% -$204K -50,000 -100.0% SOLD
69 THRD —% -$738K -212,783 -100.0% SOLD
70 WHWK —% -$83K -46,698 -100.0% SOLD
71 URGN —% -$4M -333,400 -100.0% SOLD
72 OPTN —% -$7M -788,647 -100.0% SOLD
73 NKTX —% -$18K -10,000 -100.0% SOLD
74 SCPH —% -$914K -347,687 -100.0% SOLD
75 PROF —% -$814K -139,942 -100.0% SOLD

New Positions

SymbolValue% Port
ARDX $2M 2.46%
NKTR $1M 1.47%
ALMS $1M 1.19%
RZLT $977K 1.11%
SNDX $870K 0.98%
ANGO $765K 0.87%
LQDA $623K 0.70%
ANTX $577K 0.65%
SPRO $455K 0.51%
LUNG $378K 0.43%
HCAT $377K 0.43%
DVAX $298K 0.34%
0H7R.L $256K 0.29%
INAB $172K 0.19%
NUVB $166K 0.19%

Sold Out Positions

SymbolValue% Port
EBS —%
ELAN —%
ACET —%
KROS —%
LKFT —%
AQST —%
MIST —%
IOVA —%
RNXT —%
URGN —%
XGN —%
NKTX —%
PROF —%
ESPR —%
SEPN —%
View SEC EDGAR Filings for Stonepine Capital Management, LLC →

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