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Stonepine Capital Management, LLC

Q1 2026 · Filed 2026-05-14
Market Value
$86M
-20.2%
Holdings
65
-4
New Purchases
17
Added To
14
Closed
11
Reduced
19
Top 10 Concentration
69.9%
Turnover
43.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CAMP 7.13% 1.30% +5.83% $6M
NKTR 7.12% 3.34% +3.78% $6M
SLGL 2.56% 0.00% +2.56% $2M
ANTX 2.84% 0.67% +2.18% $2M
0SZI.L 4.19% 2.95% +1.24% $4M
CTMX 1.09% 0.00% +1.09% $940K
CNTB 0.95% 0.00% +0.95% $812K
INAB 1.14% 0.36% +0.78% $982K
0LOV.L 20.37% 19.60% +0.77% $18M
MSLE 0.66% 0.00% +0.66% $563K
PHAT 0.65% 0.00% +0.65% $556K
OKUR 0.64% 0.00% +0.64% $549K
XLO 0.63% 0.00% +0.63% $540K
CADL 0.58% 0.00% +0.58% $502K
POCI 0.51% 0.00% +0.51% $439K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ADMA 7.76% 12.54% -4.78% $7M
ACAD 0.00% 2.48% -2.48% $0
VRCA 0.61% 2.73% -2.12% $528K
CYBN 0.75% 2.58% -1.83% $643K
DAWN 0.00% 1.73% -1.73% $0
EOLS 8.42% 10.08% -1.67% $7M
SPRB 0.00% 1.60% -1.60% $0
ENTA 0.00% 1.47% -1.47% $0
MIST 0.00% 1.24% -1.24% $0
ELDN 0.13% 1.25% -1.13% $108K
GERN 0.00% 0.99% -0.99% $0
OABI 0.30% 1.21% -0.91% $258K
SMLR 0.00% 0.71% -0.71% $0
TELA 1.89% 2.58% -0.69% $2M
QNRX 0.41% 1.05% -0.64% $353K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mid Cap 3 $341K 0.4%
Small Cap 26 $50M 58.2%
Micro Cap 36 $36M 41.4%

Portfolio Analytics

Avg Market Cap
$428M
Median Market Cap
$263M
Avg P/E
18.5
Median P/E
8.6
Avg Dividend Yield
—%
Avg Beta
1.04
# Stocks
65
# ETFs / Funds
0

Top Holdings (65 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 0LOV.L 20.37% 3,302,300 $18M $5.30 -$4M +570,221 +20.9%
2 EOLS 8.42% 1,759,091 $7M $4.11 -$4M +127,503 +7.8%
3 ADMA 7.76% 740,000 $7M $9.01 -$7M
4 CAMP 7.13% 1,389,622 $6M $4.41 $5M +1,160,728 +507.1%
5 NKTR 7.12% 85,000 $6M $71.95 $3M
6 ZVRA 5.21% 480,000 $4M $9.32 -$625K -89,088 -15.7%
7 0SZI.L 4.19% 383,462 $4M $9.39 $427K -6,454 -1.7%
8 0H7R.L 3.89% 746,587 $3M $4.48 -$394K +37,082 +5.2%
9 KZIA 2.99% 345,179 $3M $7.44 -$604K -115,180 -25.0%
10 ANTX 2.84% 713,845 $2M $3.42 $2M +86,177 +13.7%
11 SLGL 2.56% 27,778 $2M $79.22 +27,778 NEW
12 XOMA 2.54% 69,500 $2M $31.37 -$878K -45,500 -39.6%
13 TELA 1.89% 2,617,252 $2M $0.62 -$1M +265,220 +11.3%
14 XFOR 1.61% 335,309 $1M $4.13 -$989K -258,264 -43.5%
15 HRTX 1.31% 1,402,191 $1M $0.80 -$487K +164,389 +13.3%
16 LUNG 1.15% 768,288 $991K $1.29 -$84K +281,888 +58.0%
17 INAB 1.14% 663,412 $982K $1.48 $596K +498,519 +302.3%
18 CTMX 1.09% 200,000 $940K $4.70 +200,000 NEW
19 PMVP 1.02% 708,102 $878K $1.24 -$560K -442,657 -38.5%
20 BIOA 1.02% 50,000 $874K $17.49 $279K +5,000 +11.1%
21 CNTB 0.95% 310,000 $812K $2.62 +310,000 NEW
22 RADX 0.86% 51,000,000 $739K $0.01 -$112K
23 MXCT 0.82% 1,004,673 $706K $0.70 -$21K +535,655 +114.2%
24 CDXS 0.79% 417,994 $681K $1.63 $264K +161,888 +63.2%
25 BOLD 0.77% 597,682 $657K $1.10 -$195K -112,389 -15.8%
26 CYBN 0.75% 134,060 $643K $4.80 -$2M -205,842 -60.6%
27 ZNTL 0.73% 269,100 $630K $2.34 $4K -194,600 -42.0%
28 MSLE 0.66% 100,000 $563K $5.63 +100,000 NEW
29 PHAT 0.65% 50,010 $556K $11.11 +50,010 NEW
30 OKUR 0.64% 132,578 $549K $4.14 +132,578 NEW
31 XLO 0.63% 64,162 $540K $8.41 +64,162 NEW
32 VRCA 0.61% 99,735 $528K $5.29 -$2M -253,934 -71.8%
33 CADL 0.58% 102,500 $502K $4.90 +102,500 NEW
34 POCI 0.51% 100,000 $439K $4.39 +100,000 NEW
35 QNRX 0.41% 53,460 $353K $6.60 -$775K -24,729 -31.6%
36 ESTA 0.40% 6,000 $341K $56.78 +6,000 NEW
37 UPB 0.37% 35,000 $315K $9.00 +35,000 NEW
38 IRD 0.36% 68,688 $313K $4.55 +68,688 NEW
39 ARVN 0.34% 27,500 $292K $10.60 +27,500 NEW
40 PLRX 0.33% 224,650 $283K $1.26 $2K -5,400 -2.4%
41 JANX 0.32% 20,000 $278K $13.90 $2K
42 OABI 0.30% 164,045 $258K $1.57 -$1M -536,955 -76.6%
43 XERS 0.27% 40,030 $232K $5.80 +40,030 NEW
44 CGEN 0.26% 104,300 $222K $2.13 -$245K -201,100 -65.8%
45 NMRA 0.23% 100,000 $195K $1.95 +100,000 NEW
46 SIBN 0.22% 14,964 $189K $12.63 +14,964 NEW
47 CNSP 0.17% 61,000 $146K $2.39 -$111K +12,173 +24.9%
48 PCSA 0.16% 55,000 $139K $2.53 $103K +42,677 +346.3%
49 CABA 0.16% 50,000 $134K $2.69 -$240K -121,100 -70.8%
50 KLRS 0.14% 20,400 $118K $5.77 +20,400 NEW
51 ELDN 0.13% 35,000 $108K $3.08 -$1M -858,100 -96.1%
52 OVID 0.10% 40,000 $89K $2.22 -$78K -62,367 -60.9%
53 EVAX 0.09% 19,713 $73K $3.72 -$22K -287 -1.4%
54 MNKD 0.05% 16,300 $40K $2.45 -$450K -70,059 -81.1%
55 ACAD —% -$3M -100,000 -100.0% SOLD
56 TNYA —% -$250K -352,001 -100.0% SOLD
57 MIST —% -$1M -662,666 -100.0% SOLD
58 DAWN —% -$2M -200,000 -100.0% SOLD
59 DCTH —% -$275K -27,232 -100.0% SOLD
60 SMLR —% -$764K -50,000 -100.0% SOLD
61 SPRB —% -$2M -19,742 -100.0% SOLD
62 FENC —% -$385K -50,000 -100.0% SOLD
63 GOSS —% -$635K -204,770 -100.0% SOLD
64 GERN —% -$1M -805,800 -100.0% SOLD
65 ENTA —% -$2M -100,000 -100.0% SOLD

Options Breakdown

19 Calls $85M Call Value 1 Puts $51M Put Value 0.6 P/C Ratio

Top Calls

SymbolSharesValueStatus
XBI 400,000 $51M NEW
ADMA 1,150,000 $10M NEW
TERN 100,000 $5M NEW
ESTA 50,000 $3M NEW
ARE 50,000 $2M
ACAD 100,000 $2M NEW
EOLS 420,000 $2M NEW
XERS 280,000 $2M NEW
SIBN 100,000 $1M NEW
MNKD 500,000 $1M NEW

Top Puts

SymbolSharesValueStatus
XBI 400,000 $51M NEW

New Positions

SymbolValue% Port
SLGL $2M 2.56%
CTMX $940K 1.09%
CNTB $812K 0.95%
MSLE $563K 0.66%
PHAT $556K 0.65%
OKUR $549K 0.64%
XLO $540K 0.63%
CADL $502K 0.58%
POCI $439K 0.51%
ESTA $341K 0.40%
UPB $315K 0.37%
IRD $313K 0.36%
ARVN $292K 0.34%
XERS $232K 0.27%
NMRA $195K 0.23%

Sold Out Positions

SymbolValue% Port
ENTA —%
GERN —%
ACAD —%
DCTH —%
MIST —%
FENC —%
GOSS —%
SPRB —%
TNYA —%
DAWN —%
SMLR —%
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