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Asset Manager ← All Institutions

Stonepine Capital Management, LLC

Q4 2025 · Filed 2026-02-13
Market Value
$108M
-1.3%
Holdings
69
+3
New Purchases
21
Added To
12
Closed
21
Reduced
13
Top 10 Concentration
65.3%
Turnover
60.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
0SZI.L 2.95% 0.00% +2.95% $3M
KZIA 2.95% 0.00% +2.95% $3M
VRCA 2.73% 0.00% +2.73% $3M
ADMA 12.54% 9.93% +2.61% $13M
CYBN 2.58% 0.00% +2.58% $3M
SPRB 1.60% 0.00% +1.60% $2M
EOLS 10.08% 8.65% +1.43% $11M
CAMP 1.30% 0.00% +1.30% $1M
0H7R.L 3.48% 2.18% +1.29% $4M
ELDN 1.25% 0.00% +1.25% $1M
MIST 1.24% 0.00% +1.24% $1M
QNRX 1.05% 0.00% +1.05% $1M
RADX 0.79% 0.00% +0.79% $851K
SMLR 0.71% 0.00% +0.71% $764K
HRTX 1.50% 0.98% +0.51% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DAWN 1.73% 4.19% -2.45% $2M
ZVRA 4.74% 7.06% -2.32% $5M
0LOV.L 19.60% 21.62% -2.02% $21M
OABI 1.21% 3.14% -1.94% $1M
ENTA 1.47% 3.35% -1.88% $2M
XOMA 2.84% 4.08% -1.24% $3M
XFOR 2.21% 3.31% -1.11% $2M
ALMS 0.00% 1.10% -1.10% $0
NKTR 3.34% 4.43% -1.09% $4M
GERN 0.99% 2.01% -1.02% $1M
ARDX 0.00% 1.01% -1.01% $0
DVAX 0.00% 0.98% -0.98% $0
ACAD 2.48% 3.42% -0.93% $3M
VNDA 0.00% 0.89% -0.89% $0
VIR 0.00% 0.84% -0.84% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mid Cap 6 $5M 4.2%
Small Cap 28 $67M 62.1%
Micro Cap 35 $36M 33.7%

Portfolio Analytics

Avg Market Cap
$667M
Median Market Cap
$295M
Avg P/E
8.6
Median P/E
7.6
Avg Dividend Yield
—%
Avg Beta
1.01
# Stocks
69
# ETFs / Funds
0

Top Holdings (69 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 0LOV.L 19.60% 2,732,079 $21M $7.72 -$2M +62,047 +2.3%
2 ADMA 12.54% 740,000 $13M $18.24 $3M +1,000 +0.1%
3 EOLS 10.08% 1,631,588 $11M $6.65 $1M +95,197 +6.2%
4 ZVRA 4.74% 569,088 $5M $8.96 -$3M -240,912 -29.7%
5 0H7R.L 3.48% 709,505 $4M $5.27 $1M +258,535 +57.3%
6 NKTR 3.34% 85,000 $4M $42.28 -$1M
7 0SZI.L 2.95% 389,916 $3M $8.14 +389,916 NEW
8 KZIA 2.95% 460,359 $3M $6.89 +460,359 NEW
9 XOMA 2.84% 115,000 $3M $26.59 -$1M -459 -0.4%
10 VRCA 2.73% 353,669 $3M $8.31 +353,669 NEW
11 CYBN 2.58% 339,902 $3M $8.18 +339,902 NEW
12 TELA 2.58% 2,352,032 $3M $1.18 -$436K +196,513 +9.1%
13 ACAD 2.48% 100,000 $3M $26.71 -$1M -74,544 -42.7%
14 XFOR 2.21% 593,573 $2M $4.00 -$1M -462,765 -43.8%
15 DAWN 1.73% 200,000 $2M $9.32 -$3M -447,382 -69.1%
16 SPRB 1.60% 19,742 $2M $87.11 +19,742 NEW
17 HRTX 1.50% 1,237,802 $2M $1.30 $538K +387,702 +45.6%
18 ENTA 1.47% 100,000 $2M $15.77 -$2M -205,000 -67.2%
19 PMVP 1.34% 1,150,759 $1M $1.25 -$480K -219,380 -16.0%
20 CAMP 1.30% 228,894 $1M $6.13 +228,894 NEW
21 ELDN 1.25% 893,100 $1M $1.51 +893,100 NEW
22 MIST 1.24% 662,666 $1M $2.02 +662,666 NEW
23 OABI 1.21% 701,000 $1M $1.85 -$2M -1,441,857 -67.3%
24 QNRX 1.05% 78,189 $1M $14.43 +78,189 NEW
25 LUNG 1.00% 486,400 $1M $2.21 -$10K -183,600 -27.4%
26 GERN 0.99% 805,800 $1M $1.32 -$1M -794,200 -49.6%
27 BOLD 0.79% 710,071 $852K $1.20 $344K +296,618 +71.7%
28 RADX 0.79% 51,000,000 $851K $0.02 +51,000,000 NEW
29 SMLR 0.71% 50,000 $764K $15.29 +50,000 NEW
30 MXCT 0.68% 469,018 $727K $1.55 $2K +10,000 +2.2%
31 ANTX 0.67% 627,668 $716K $1.14 -$628 +63,755 +11.3%
32 GOSS 0.59% 204,770 $635K $3.10 $96K
33 ZNTL 0.58% 463,700 $626K $1.35 -$59K +9,900 +2.2%
34 BIOA 0.55% 45,000 $595K $13.23 -$513K -143,571 -76.1%
35 MNKD 0.46% 86,359 $490K $5.67 -$356K -71,210 -45.2%
36 CGEN 0.43% 305,400 $467K $1.53 +305,400 NEW
37 CDXS 0.39% 256,106 $417K $1.63 $202K +167,842 +190.2%
38 INAB 0.36% 164,893 $386K $2.34 $40K +5,472 +3.4%
39 FENC 0.36% 50,000 $385K $7.70 +50,000 NEW
40 CABA 0.35% 171,100 $375K $2.19 +171,100 NEW
41 PLRX 0.26% 230,050 $281K $1.22 -$147K -59,187 -20.5%
42 JANX 0.26% 20,000 $276K $13.80 +20,000 NEW
43 DCTH 0.26% 27,232 $275K $10.10 +27,232 NEW
44 CNSP 0.24% 48,827 $256K $5.25 +48,827 NEW
45 TNYA 0.23% 352,001 $250K $0.71 +352,001 NEW
46 OVID 0.16% 102,367 $167K $1.63 +102,367 NEW
47 EVAX 0.09% 20,000 $95K $4.77 +20,000 NEW
48 PCSA 0.03% 12,323 $35K $2.88 +12,323 NEW
49 RARE —% -$602K -20,000 -100.0% SOLD
50 LRMR —% -$81K -25,000 -100.0% SOLD
51 VIR —% -$914K -160,000 -100.0% SOLD
52 ARDX —% -$1M -200,000 -100.0% SOLD
53 WHWK —% -$67K -35,253 -100.0% SOLD
54 HCAT —% -$443K -155,551 -100.0% SOLD
55 DVAX —% -$1M -108,094 -100.0% SOLD
56 ALMS —% -$1M -300,000 -100.0% SOLD
57 SNDX —% -$572K -37,200 -100.0% SOLD
58 HSDT —% -$298K -20,000 -100.0% SOLD
59 RZLT —% -$376K -40,000 -100.0% SOLD
60 ACRS —% -$367K -192,900 -100.0% SOLD
61 VNDA —% -$973K -195,000 -100.0% SOLD
62 ABVX —% -$212K -2,500 -100.0% SOLD
63 SVRA —% -$214K -60,000 -100.0% SOLD
64 GRCE —% -$628K -211,010 -100.0% SOLD
65 ANGO —% -$670K -60,000 -100.0% SOLD
66 CMMB —% -$79K -30,000 -100.0% SOLD
67 AQST —% -$562K -100,600 -100.0% SOLD
68 CTMX —% -$399K -125,000 -100.0% SOLD
69 ESTA —% -$434K -10,585 -100.0% SOLD

New Positions

SymbolValue% Port
0SZI.L $3M 2.95%
KZIA $3M 2.95%
VRCA $3M 2.73%
CYBN $3M 2.58%
SPRB $2M 1.60%
CAMP $1M 1.30%
ELDN $1M 1.25%
MIST $1M 1.24%
QNRX $1M 1.05%
RADX $851K 0.79%
SMLR $764K 0.71%
CGEN $467K 0.43%
FENC $385K 0.36%
CABA $375K 0.35%
JANX $276K 0.26%

Sold Out Positions

SymbolValue% Port
CMMB —%
ALMS —%
ACRS —%
ANGO —%
AQST —%
GRCE —%
ARDX —%
HSDT —%
LRMR —%
CTMX —%
ABVX —%
HCAT —%
ESTA —%
RZLT —%
RARE —%
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