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Tetragon Partners GP Ltd

Q3 2025 · Filed 2025-11-14
Market Value
$413M
+16.8%
Holdings
35
+5
New Purchases
8
Added To
13
Closed
1
Reduced
7
Top 10 Concentration
87.3%
Turnover
25.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PATH 54.87% 49.65% +5.22% $227M
LYFT 5.33% 4.45% +0.87% $22M
MBX 0.75% 0.00% +0.75% $3M
ARWR 0.68% 0.00% +0.68% $3M
ABVX 0.62% 0.00% +0.62% $3M
ALKS 0.65% 0.13% +0.52% $3M
AMLX 0.85% 0.40% +0.45% $4M
DYN 0.68% 0.37% +0.31% $3M
PHVS 1.17% 0.94% +0.24% $5M
FOLD 0.23% 0.00% +0.23% $955K
WK 3.12% 2.90% +0.22% $13M
KRYS 0.21% 0.00% +0.21% $860K
AXSM 1.37% 1.23% +0.14% $6M
RARE 0.13% 0.00% +0.13% $533K
WBI 0.12% 0.00% +0.12% $504K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KGEIF 9.47% 13.76% -4.28% $39M
AUTL 3.75% 6.12% -2.38% $15M
CXM 4.11% 5.26% -1.15% $17M
TARS 1.80% 2.86% -1.07% $7M
ACAD 0.44% 0.98% -0.54% $2M
RLAY 0.28% 0.68% -0.40% $1M
TECX 0.93% 1.29% -0.36% $4M
ANNX 1.56% 1.91% -0.35% $6M
KROS 0.16% 0.48% -0.32% $680K
HYG 1.43% 1.57% -0.13% $6M
SNOW 0.55% 0.63% -0.09% $2M
CCJ 0.33% 0.41% -0.08% $1M
SQM 0.00% 0.08% -0.08% $0
SONDW 0.00% 0.00% -0.00% $204

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 7 $19M 4.5%
Mid Cap 17 $300M 72.6%
Small Cap 9 $55M 13.4%
Micro Cap 2 $39M 9.5%

Portfolio Analytics

Avg Market Cap
$8.4B
Median Market Cap
$3.6B
Avg P/E
49.6
Median P/E
38.4
Avg Dividend Yield
0.00%
Avg Beta
0.90
# Stocks
34
# ETFs / Funds
1

Top Holdings (35 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 PATH 54.87% 16,950,000 $227M $13.38 $51M +3,227,756 +23.5%
2 KGEIF 9.47% 7,070,568 $39M $5.54 -$10M +1,711 +0.0%
3 LYFT 5.33% 1,000,000 $22M $22.01 $6M
4 CXM 4.11% 2,200,000 $17M $7.72 -$2M
5 AUTL 3.75% 9,500,000 $15M $1.63 -$6M
6 WK 3.12% 150,000 $13M $86.08 $3M
7 CLDX 1.90% 303,600 $8M $25.87 $1M -12,550 -4.0%
8 TARS 1.80% 125,000 $7M $59.43 -$3M -125,000 -50.0%
9 ANNX 1.56% 2,112,455 $6M $3.05 -$301K -697,545 -24.8%
10 HYG 1.43% 72,961 $6M $81.19 $386K +4,301 +6.3%
11 AXSM 1.37% 46,456 $6M $121.45 $1M +4,925 +11.9%
12 PHVS 1.17% 194,612 $5M $24.95 $2M +6,512 +3.5%
13 SRRK 1.06% 117,882 $4M $37.24 $725K +14,400 +13.9%
14 TECX 0.93% 243,728 $4M $15.69 -$723K +14,896 +6.5%
15 AMLX 0.85% 258,242 $4M $13.59 $2M +39,492 +18.1%
16 MBX 0.75% 177,840 $3M $17.50 +177,840 NEW
17 IMVT 0.73% 188,379 $3M $16.12 $672K +40,562 +27.4%
18 DYN 0.68% 223,181 $3M $12.65 $2M +84,806 +61.3%
19 ARWR 0.68% 81,841 $3M $34.49 +81,841 NEW
20 ALKS 0.65% 89,612 $3M $30.00 $2M +73,980 +473.3%
21 ABVX 0.62% 30,000 $3M $84.90 +30,000 NEW
22 SNOW 0.55% 10,000 $2M $225.55 $18K
23 ACAD 0.44% 86,071 $2M $21.34 -$2M -75,325 -46.7%
24 HBM 0.43% 117,500 $2M $15.15 $644K +10,500 +9.8%
25 CCJ 0.33% 16,015 $1M $83.91 -$90K -3,265 -16.9%
26 RLAY 0.28% 223,123 $1M $5.22 -$1M -475,877 -68.1%
27 FOLD 0.23% 121,212 $955K $7.88 +121,212 NEW
28 KRYS 0.21% 4,870 $860K $176.53 +4,870 NEW
29 TECK 0.19% 18,068 $793K $43.89 $536K +11,700 +183.7%
30 KROS 0.16% 43,000 $680K $15.82 -$1M -85,000 -66.4%
31 RARE 0.13% 17,718 $533K $30.08 +17,718 NEW
32 WBI 0.12% 20,000 $504K $25.22 +20,000 NEW
33 NXE 0.09% 42,000 $376K $8.95 +42,000 NEW
34 SONDW —% 18,898 $204 $0.01 $26
35 SQM —% -$272K -7,700 -100.0% SOLD

Options Breakdown

0 Calls $0 Call Value 1 Puts $59M Put Value

Top Puts

SymbolSharesValueStatus
HYG 726,900 $59M

New Positions

SymbolValue% Port
MBX $3M 0.75%
ARWR $3M 0.68%
ABVX $3M 0.62%
FOLD $955K 0.23%
KRYS $860K 0.21%
RARE $533K 0.13%
WBI $504K 0.12%
NXE $376K 0.09%

Sold Out Positions

SymbolValue% Port
SQM —%
View SEC EDGAR Filings for Tetragon Partners GP Ltd →

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