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Stonepine Capital Management, LLC

Q3 2025 · Filed 2025-11-13
Market Value
$109M
+23.4%
Holdings
66
-9
New Purchases
15
Added To
20
Closed
18
Reduced
13
Top 10 Concentration
70.0%
Turnover
50.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
0LOV.L 21.62% 6.39% +15.23% $24M
XFOR 3.31% 0.00% +3.31% $4M
OABI 3.14% 0.00% +3.14% $3M
NKTR 4.43% 1.47% +2.97% $5M
0H7R.L 2.18% 0.29% +1.89% $2M
DAWN 4.19% 3.31% +0.88% $5M
MNKD 0.78% 0.00% +0.78% $846K
PMVP 1.76% 1.01% +0.74% $2M
MXCT 0.67% 0.00% +0.67% $725K
DVAX 0.98% 0.34% +0.65% $1M
LUNG 1.00% 0.43% +0.57% $1M
RARE 0.55% 0.00% +0.55% $602K
AQST 0.52% 0.00% +0.52% $562K
GOSS 0.49% 0.00% +0.49% $539K
ZNTL 0.63% 0.14% +0.49% $685K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ADMA 9.93% 15.45% -5.52% $11M
ITOS 0.00% 3.50% -3.50% $0
ANIP 0.00% 2.85% -2.85% $0
ANIK 0.00% 2.28% -2.28% $0
ACAD 3.42% 5.49% -2.08% $4M
ENTA 3.35% 5.17% -1.82% $4M
TELA 2.95% 4.57% -1.63% $3M
YMAB 0.00% 1.46% -1.46% $0
ARDX 1.01% 2.46% -1.45% $1M
COLL 0.00% 1.39% -1.39% $0
KALV 0.00% 1.28% -1.28% $0
MYO 0.00% 1.12% -1.12% $0
XERS 0.00% 1.08% -1.08% $0
EOLS 8.65% 9.55% -0.90% $9M
RZLT 0.34% 1.11% -0.76% $376K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mid Cap 7 $11M 9.8%
Small Cap 32 $79M 72.7%
Micro Cap 27 $19M 17.5%

Portfolio Analytics

Avg Market Cap
$896M
Median Market Cap
$396M
Avg P/E
41.9
Median P/E
13.2
Avg Dividend Yield
—%
Avg Beta
0.84
# Stocks
66
# ETFs / Funds
0

Top Holdings (66 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 0LOV.L 21.62% 2,670,032 $24M $8.83 $18M +1,309,646 +96.3%
2 ADMA 9.93% 739,000 $11M $14.66 -$3M -11,000 -1.5%
3 EOLS 8.65% 1,536,391 $9M $6.14 $992K +619,891 +67.6%
4 ZVRA 7.06% 810,000 $8M $9.51 $870K +34,380 +4.4%
5 NKTR 4.43% 85,000 $5M $56.90 $4M +34,800 +69.3%
6 DAWN 4.19% 647,382 $5M $7.05 $2M +197,382 +43.9%
7 XOMA 4.08% 115,459 $4M $38.54 $616K -36,684 -24.1%
8 ACAD 3.42% 174,544 $4M $21.34 -$1M -50,456 -22.4%
9 ENTA 3.35% 305,000 $4M $11.97 -$916K -299,066 -49.5%
10 XFOR 3.31% 1,056,338 $4M $3.42 +1,056,338 NEW
11 OABI 3.14% 2,142,857 $3M $1.60 +2,142,857 NEW
12 TELA 2.95% 2,155,519 $3M $1.49 -$831K +71,757 +3.4%
13 0H7R.L 2.18% 450,970 $2M $5.28 $2M +405,970 +902.2%
14 GERN 2.01% 1,600,000 $2M $1.37 $782K +600,000 +60.0%
15 PMVP 1.76% 1,370,139 $2M $1.40 $1M +524,171 +62.0%
16 ALMS 1.10% 300,000 $1M $3.99 $148K -49,615 -14.2%
17 BIOA 1.02% 188,571 $1M $5.88 $485K +37,486 +24.8%
18 ARDX 1.01% 200,000 $1M $5.51 -$1M -355,000 -64.0%
19 LUNG 1.00% 670,000 $1M $1.62 $708K +524,100 +359.2%
20 DVAX 0.98% 108,094 $1M $9.93 $776K +78,094 +260.3%
21 HRTX 0.98% 850,100 $1M $1.26 -$290K +192,720 +29.3%
22 VNDA 0.89% 195,000 $973K $4.99 -$207K -55,000 -22.0%
23 VIR 0.84% 160,000 $914K $5.71 $258K +30,000 +23.1%
24 MNKD 0.78% 157,569 $846K $5.37 +157,569 NEW
25 MXCT 0.67% 459,018 $725K $1.58 +459,018 NEW
26 ANTX 0.66% 563,913 $716K $1.27 $139K +19,419 +3.6%
27 ZNTL 0.63% 453,800 $685K $1.51 $559K +344,790 +316.3%
28 ANGO 0.61% 60,000 $670K $11.17 -$95K -17,141 -22.2%
29 GRCE 0.58% 211,010 $628K $2.98 -$241K -81,490 -27.9%
30 RARE 0.55% 20,000 $602K $30.08 +20,000 NEW
31 SNDX 0.52% 37,200 $572K $15.39 -$298K -55,700 -60.0%
32 AQST 0.52% 100,600 $562K $5.59 +100,600 NEW
33 GOSS 0.49% 204,770 $539K $2.63 +204,770 NEW
34 BOLD 0.47% 413,453 $509K $1.23 $401K +307,278 +289.4%
35 HCAT 0.41% 155,551 $443K $2.85 $66K +55,551 +55.5%
36 ESTA 0.40% 10,585 $434K $40.99 $135K +3,585 +51.2%
37 PLRX 0.39% 289,237 $428K $1.48 +289,237 NEW
38 CTMX 0.37% 125,000 $399K $3.19 +125,000 NEW
39 RZLT 0.34% 40,000 $376K $9.40 -$601K -179,000 -81.7%
40 ACRS 0.34% 192,900 $367K $1.90 -$331K -298,400 -60.7%
41 INAB 0.32% 159,421 $346K $2.17 $174K +76,991 +93.4%
42 HSDT 0.27% 20,000 $298K $14.89 +20,000 NEW
43 CDXS 0.20% 88,264 $215K $2.44 +88,264 NEW
44 SVRA 0.20% 60,000 $214K $3.57 $20K -25,000 -29.4%
45 ABVX 0.19% 2,500 $212K $84.90 +2,500 NEW
46 LRMR 0.07% 25,000 $81K $3.23 +25,000 NEW
47 CMMB 0.07% 30,000 $79K $2.63 +30,000 NEW
48 WHWK 0.06% 35,253 $67K $1.90 +35,253 NEW
49 LQDA —% -$623K -50,000 -100.0% SOLD
50 SPRO —% -$455K -156,888 -100.0% SOLD
51 KALV —% -$1M -100,000 -100.0% SOLD
52 COLL —% -$1M -41,500 -100.0% SOLD
53 THTX —% -$446K -189,051 -100.0% SOLD
54 CLYM —% -$144K -116,147 -100.0% SOLD
55 HLVX —% -$450K -226,009 -100.0% SOLD
56 MYO —% -$988K -457,419 -100.0% SOLD
57 XERS —% -$958K -205,100 -100.0% SOLD
58 ANIP —% -$3M -38,597 -100.0% SOLD
59 ANIK —% -$2M -190,590 -100.0% SOLD
60 NUVB —% -$166K -85,300 -100.0% SOLD
61 KURA —% -$144K -25,000 -100.0% SOLD
62 GLUE —% -$135K -30,000 -100.0% SOLD
63 CHRS —% -$46K -62,700 -100.0% SOLD
64 YMAB —% -$1M -285,300 -100.0% SOLD
65 ITOS —% -$3M -310,033 -100.0% SOLD
66 CALC —% -$136K -85,000 -100.0% SOLD

Options Breakdown

1 Calls $0 Call Value 0 Puts $0 Put Value

Top Calls

SymbolSharesValueStatus
0LOV.L $0 SOLD

New Positions

SymbolValue% Port
XFOR $4M 3.31%
OABI $3M 3.14%
MNKD $846K 0.78%
MXCT $725K 0.67%
RARE $602K 0.55%
AQST $562K 0.52%
GOSS $539K 0.49%
PLRX $428K 0.39%
CTMX $399K 0.37%
HSDT $298K 0.27%
CDXS $215K 0.20%
ABVX $212K 0.19%
LRMR $81K 0.07%
CMMB $79K 0.07%
WHWK $67K 0.06%

Sold Out Positions

SymbolValue% Port
NUVB —%
KALV —%
CALC —%
CLYM —%
CHRS —%
KURA —%
COLL —%
LQDA —%
ANIK —%
ANIP —%
MYO —%
XERS —%
SPRO —%
GLUE —%
HLVX —%
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