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Tetragon Partners GP Ltd

Q4 2025 · Filed 2026-02-17
Market Value
$467M
+12.9%
Holdings
41
+6
New Purchases
7
Added To
7
Closed
15
Reduced
6
Top 10 Concentration
87.9%
Turnover
53.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PATH 61.30% 54.87% +6.43% $286M
RAPT 0.96% 0.00% +0.96% $4M
AGIO 0.95% 0.00% +0.95% $4M
ARWR 1.38% 0.68% +0.70% $6M
HRMY 0.66% 0.00% +0.66% $3M
ANNX 2.19% 1.56% +0.63% $10M
NKTR 0.63% 0.00% +0.63% $3M
MPLT 0.62% 0.00% +0.62% $3M
FOLD 0.80% 0.23% +0.56% $4M
SLN 0.48% 0.00% +0.48% $2M
KRYS 0.62% 0.21% +0.42% $3M
ZVRA 0.37% 0.00% +0.37% $2M
DYN 1.04% 0.68% +0.36% $5M
AUTL 4.05% 3.75% +0.31% $19M
MBX 0.97% 0.75% +0.22% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KGEIF 5.84% 9.47% -3.63% $27M
TARS 0.00% 1.80% -1.80% $0
HYG 0.00% 1.43% -1.43% $0
LYFT 4.15% 5.33% -1.17% $19M
SRRK 0.00% 1.06% -1.06% $0
TECX 0.00% 0.93% -0.93% $0
ABVX 0.00% 0.62% -0.62% $0
CLDX 1.42% 1.90% -0.48% $7M
ACAD 0.00% 0.44% -0.44% $0
CXM 3.67% 4.11% -0.44% $17M
HBM 0.00% 0.43% -0.43% $0
WK 2.77% 3.12% -0.35% $13M
CCJ 0.00% 0.33% -0.33% $0
AXSM 1.05% 1.37% -0.31% $5M
RLAY 0.00% 0.28% -0.28% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 6 $14M 2.9%
Mid Cap 17 $345M 73.9%
Small Cap 14 $76M 16.3%
Micro Cap 4 $32M 6.9%

Portfolio Analytics

Avg Market Cap
$6.8B
Median Market Cap
$2.6B
Avg P/E
44.5
Median P/E
21.8
Avg Dividend Yield
0.00%
Avg Beta
0.95
# Stocks
40
# ETFs / Funds
1

Top Holdings (41 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 PATH 61.30% 17,450,000 $286M $16.39 $59M +500,000 +3.0%
2 KGEIF 5.84% 6,934,504 $27M $3.93 -$12M -136,064 -1.9%
3 LYFT 4.15% 1,000,000 $19M $19.37 -$3M
4 AUTL 4.05% 9,500,000 $19M $1.99 $3M
5 CXM 3.67% 2,200,000 $17M $7.78 $132K
6 WK 2.77% 150,000 $13M $86.25 $26K
7 ANNX 2.19% 2,032,455 $10M $5.02 $4M -80,000 -3.8%
8 CLDX 1.42% 243,800 $7M $27.16 -$1M -59,800 -19.7%
9 ARWR 1.38% 96,935 $6M $66.39 $4M +15,094 +18.4%
10 PHVS 1.16% 194,612 $5M $27.75 $545K
11 AXSM 1.05% 26,934 $5M $182.64 -$723K -19,522 -42.0%
12 DYN 1.04% 247,997 $5M $19.56 $2M +24,816 +11.1%
13 MBX 0.97% 143,327 $5M $31.54 $1M -34,513 -19.4%
14 RAPT 0.96% 131,770 $4M $33.87 +131,770 NEW
15 AGIO 0.95% 162,018 $4M $27.22 +162,018 NEW
16 IMVT 0.91% 166,187 $4M $25.42 $1M -22,192 -11.8%
17 ALKS 0.85% 141,172 $4M $27.98 $1M +51,560 +57.5%
18 FOLD 0.80% 260,771 $4M $14.24 $3M +139,559 +115.1%
19 AMLX 0.71% 272,828 $3M $12.08 -$214K +14,586 +5.7%
20 HRMY 0.66% 82,824 $3M $37.42 +82,824 NEW
21 NKTR 0.63% 69,287 $3M $42.28 +69,287 NEW
22 KRYS 0.62% 11,814 $3M $246.54 $2M +6,944 +142.6%
23 MPLT 0.62% 164,525 $3M $17.57 +164,525 NEW
24 SLN 0.48% 365,369 $2M $6.08 +365,369 NEW
25 SNOW 0.47% 10,000 $2M $219.36 -$62K
26 ZVRA 0.37% 192,518 $2M $8.96 +192,518 NEW
27 CCJ —% -$1M -16,015 -100.0% SOLD
28 TARS —% -$7M -125,000 -100.0% SOLD
29 NXE —% -$376K -42,000 -100.0% SOLD
30 RARE —% -$533K -17,718 -100.0% SOLD
31 TECK —% -$793K -18,068 -100.0% SOLD
32 SONDW —% -$204 -18,898 -100.0% SOLD
33 SRRK —% -$4M -117,882 -100.0% SOLD
34 ACAD —% -$2M -86,071 -100.0% SOLD
35 TECX —% -$4M -243,728 -100.0% SOLD
36 HBM —% -$2M -117,500 -100.0% SOLD
37 RLAY —% -$1M -223,123 -100.0% SOLD
38 WBI —% -$504K -20,000 -100.0% SOLD
39 KROS —% -$680K -43,000 -100.0% SOLD
40 ABVX —% -$3M -30,000 -100.0% SOLD
41 HYG —% -$6M -72,961 -100.0% SOLD

Options Breakdown

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

Top Puts

SymbolSharesValueStatus
HYG $0 SOLD

New Positions

SymbolValue% Port
RAPT $4M 0.96%
AGIO $4M 0.95%
HRMY $3M 0.66%
NKTR $3M 0.63%
MPLT $3M 0.62%
SLN $2M 0.48%
ZVRA $2M 0.37%

Sold Out Positions

SymbolValue% Port
WBI —%
TECK —%
HBM —%
NXE —%
CCJ —%
KROS —%
ACAD —%
ABVX —%
HYG —%
TARS —%
RARE —%
RLAY —%
SRRK —%
TECX —%
SONDW —%
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