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Asset Manager ← All Institutions

Stonepine Capital Management, LLC

Q3 2025 · Filed 2025-11-13
Market Value
$120M
+24.6%
Holdings
73
-7
New Purchases
17
Added To
23
Closed
18
Reduced
15
Top 10 Concentration
63.7%
Turnover
47.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VSTM 19.67% 5.87% +13.80% $24M
XFOR 3.01% 0.00% +3.01% $4M
OABI 2.86% 0.00% +2.86% $3M
NKTR 4.04% 1.35% +2.69% $5M
ABEO 1.99% 0.27% +1.72% $2M
EDSA 1.42% 0.00% +1.42% $2M
SLNO 1.35% 0.00% +1.35% $2M
DAWN 3.81% 3.04% +0.77% $5M
MNKD 0.71% 0.00% +0.71% $846K
PMVP 1.60% 0.93% +0.67% $2M
MXCT 0.61% 0.00% +0.61% $725K
DVAX 0.90% 0.31% +0.59% $1M
LUNG 0.91% 0.39% +0.51% $1M
RARE 0.50% 0.00% +0.50% $602K
AQST 0.47% 0.00% +0.47% $562K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ADMA 9.04% 14.19% -5.16% $11M
ITOS 0.00% 3.21% -3.21% $0
ANIP 0.00% 2.62% -2.62% $0
ANIK 0.00% 2.10% -2.10% $0
ACAD 3.11% 5.04% -1.94% $4M
ENTA 3.05% 4.75% -1.70% $4M
TELA 2.68% 4.20% -1.52% $3M
ARDX 0.92% 2.26% -1.34% $1M
YMAB 0.00% 1.34% -1.34% $0
COLL 0.00% 1.28% -1.28% $0
KALV 0.00% 1.17% -1.17% $0
MYO 0.00% 1.03% -1.03% $0
XERS 0.00% 1.00% -1.00% $0
EOLS 7.87% 8.77% -0.90% $9M
ACHV 0.00% 0.78% -0.78% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mid Cap 6 $21M 17.5%
Small Cap 34 $69M 57.3%
Micro Cap 33 $30M 25.2%

Portfolio Analytics

Avg Market Cap
$771M
Median Market Cap
$391M
Avg P/E
18.0
Median P/E
14.7
Avg Dividend Yield
—%
Avg Beta
0.79
# Stocks
73
# ETFs / Funds
0

Top Holdings (73 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VSTM 19.67% 2,670,032 $24M $8.83 $18M +1,309,646 +96.3%
2 ADMA 9.04% 739,000 $11M $14.66 -$3M -11,000 -1.5%
3 EOLS 7.87% 1,536,391 $9M $6.14 $992K +619,891 +67.6%
4 ZVRA 6.43% 810,000 $8M $9.51 $870K +34,380 +4.4%
5 NKTR 4.04% 85,000 $5M $56.90 $4M +34,800 +69.3%
6 DAWN 3.81% 647,382 $5M $7.05 $2M +197,382 +43.9%
7 XOMA 3.71% 115,459 $4M $38.54 $616K -36,684 -24.1%
8 ACAD 3.11% 174,544 $4M $21.34 -$1M -50,456 -22.4%
9 ENTA 3.05% 305,000 $4M $11.97 -$916K -299,066 -49.5%
10 XFOR 3.01% 1,056,338 $4M $3.42 — +1,056,338 — NEW
11 OABI 2.86% 2,142,857 $3M $1.60 — +2,142,857 — NEW
12 SRZN 2.69% 250,146 $3M $12.88 $487K -55,883 -18.3%
13 TELA 2.68% 2,155,519 $3M $1.49 -$831K +71,757 +3.4%
14 ABEO 1.99% 450,970 $2M $5.28 $2M +405,970 +902.2%
15 GERN 1.83% 1,600,000 $2M $1.37 $782K +600,000 +60.0%
16 PMVP 1.60% 1,370,139 $2M $1.40 $1M +524,171 +62.0%
17 EDSA 1.42% 687,500 $2M $2.47 — +687,500 — NEW
18 AYTU 1.40% 891,855 $2M $1.88 -$95K +79,179 +9.7%
19 SLNO 1.35% 24,000 $2M $67.60 — +24,000 — NEW
20 KZR 1.25% 383,182 $1M $3.90 $716K +213,323 +125.6%
21 ALMS 1.00% 300,000 $1M $3.99 $148K -49,615 -14.2%
22 IKT 0.99% 735,019 $1M $1.62 -$240K +1,226 +0.2%
23 BIOA 0.93% 188,571 $1M $5.88 $485K +37,486 +24.8%
24 ARDX 0.92% 200,000 $1M $5.51 -$1M -355,000 -64.0%
25 LUNG 0.91% 670,000 $1M $1.62 $708K +524,100 +359.2%
26 DVAX 0.90% 108,094 $1M $9.93 $776K +78,094 +260.3%
27 HRTX 0.89% 850,100 $1M $1.26 -$290K +192,720 +29.3%
28 VNDA 0.81% 195,000 $973K $4.99 -$207K -55,000 -22.0%
29 VIR 0.76% 160,000 $914K $5.71 $258K +30,000 +23.1%
30 MNKD 0.71% 157,569 $846K $5.37 — +157,569 — NEW
31 MXCT 0.61% 459,018 $725K $1.58 — +459,018 — NEW
32 ANTX 0.60% 563,913 $716K $1.27 $139K +19,419 +3.6%
33 ZNTL 0.57% 453,800 $685K $1.51 $559K +344,790 +316.3%
34 ANGO 0.56% 60,000 $670K $11.17 -$95K -17,141 -22.2%
35 GRCE 0.52% 211,010 $628K $2.98 -$241K -81,490 -27.9%
36 RARE 0.50% 20,000 $602K $30.08 — +20,000 — NEW
37 SNDX 0.48% 37,200 $572K $15.39 -$298K -55,700 -60.0%
38 AQST 0.47% 100,600 $562K $5.59 — +100,600 — NEW
39 BOLD 0.42% 413,453 $509K $1.23 $401K +307,278 +289.4%
40 HCAT 0.37% 155,551 $443K $2.85 $66K +55,551 +55.5%
41 ESTA 0.36% 10,585 $434K $40.99 $135K +3,585 +51.2%
42 PLRX 0.36% 289,237 $428K $1.48 — +289,237 — NEW
43 CTMX 0.33% 125,000 $399K $3.19 — +125,000 — NEW
44 KPRX 0.33% 140,598 $391K $2.78 -$122K -37,402 -21.0%
45 RZLT 0.31% 40,000 $376K $9.40 -$601K -179,000 -81.7%
46 ACRS 0.31% 192,900 $367K $1.90 -$331K -298,400 -60.7%
47 INAB 0.29% 159,421 $346K $2.17 $174K +76,991 +93.4%
48 HSDT 0.25% 20,000 $298K $14.89 — +20,000 — NEW
49 CDXS 0.18% 88,264 $215K $2.44 — +88,264 — NEW
50 SVRA 0.18% 60,000 $214K $3.57 $20K -25,000 -29.4%
51 ABVX 0.18% 2,500 $212K $84.90 — +2,500 — NEW
52 LRMR 0.07% 25,000 $81K $3.23 — +25,000 — NEW
53 CMMB 0.07% 30,000 $79K $2.63 — +30,000 — NEW
54 WHWK 0.06% 35,253 $67K $1.90 — +35,253 — NEW
55 JSPR 0.04% 20,200 $48K $2.38 — +20,200 — NEW
56 HLVX —% — — — -$450K -226,009 -100.0% SOLD
57 MYO —% — — — -$988K -457,419 -100.0% SOLD
58 SPRO —% — — — -$455K -156,888 -100.0% SOLD
59 KURA —% — — — -$144K -25,000 -100.0% SOLD
60 ANIP —% — — — -$3M -38,597 -100.0% SOLD
61 YMAB —% — — — -$1M -285,300 -100.0% SOLD
62 CHRS —% — — — -$46K -62,700 -100.0% SOLD
63 GLUE —% — — — -$135K -30,000 -100.0% SOLD
64 LQDA —% — — — -$623K -50,000 -100.0% SOLD
65 NUVB —% — — — -$166K -85,300 -100.0% SOLD
66 COLL —% — — — -$1M -41,500 -100.0% SOLD
67 ITOS —% — — — -$3M -310,033 -100.0% SOLD
68 ANIK —% — — — -$2M -190,590 -100.0% SOLD
69 XERS —% — — — -$958K -205,100 -100.0% SOLD
70 THTX —% — — — -$446K -189,051 -100.0% SOLD
71 CLYM —% — — — -$144K -116,147 -100.0% SOLD
72 ACHV —% — — — -$753K -333,333 -100.0% SOLD
73 KALV —% — — — -$1M -100,000 -100.0% SOLD

Options Breakdown

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

Top Calls

SymbolSharesValueStatus
VSTM — $0 SOLD

New Positions

SymbolValue% Port
XFOR $4M 3.01%
OABI $3M 2.86%
EDSA $2M 1.42%
SLNO $2M 1.35%
MNKD $846K 0.71%
MXCT $725K 0.61%
RARE $602K 0.50%
AQST $562K 0.47%
PLRX $428K 0.36%
CTMX $399K 0.33%
HSDT $298K 0.25%
CDXS $215K 0.18%
ABVX $212K 0.18%
LRMR $81K 0.07%
CMMB $79K 0.07%

Sold Out Positions

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