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Rock Springs Capital Management LP

Q1 2026 · Filed 2026-05-15
Market Value
$1.6B
-12.6%
Holdings
102
-1
New Purchases
11
Added To
36
Closed
6
Reduced
23
Top 10 Concentration
42.2%
Turnover
16.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RVMD 7.24% 5.72% +1.52% $118M
MIRM 4.62% 3.24% +1.37% $75M
ELVN 2.00% 0.66% +1.33% $32M
MDGL 5.51% 4.38% +1.14% $90M
MMED 0.97% 0.00% +0.97% $16M
ERAS 1.10% 0.19% +0.91% $18M
XENE 2.73% 1.90% +0.83% $44M
ACLX 1.20% 0.60% +0.60% $20M
SRRK 2.24% 1.74% +0.50% $36M
AGIO 1.66% 1.17% +0.49% $27M
KYMR 2.55% 2.08% +0.47% $41M
PTCT 0.68% 0.25% +0.43% $11M
CNTA 0.86% 0.44% +0.42% $14M
HTFL 0.86% 0.44% +0.42% $14M
PEN 2.44% 2.02% +0.42% $40M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EXAS 0.00% 3.29% -3.29% $0
CDTX 0.00% 2.44% -2.44% $0
TVTX 2.70% 4.55% -1.84% $44M
FOLD 0.02% 1.48% -1.46% $305K
XBI 0.24% 1.46% -1.22% $4M
GPCR 1.90% 2.80% -0.90% $31M
GOSS 0.03% 0.55% -0.51% $529K
LLY 5.59% 6.10% -0.51% $91M
PHR 0.31% 0.80% -0.49% $5M
RAPT 0.00% 0.39% -0.39% $0
CAI 0.62% 1.00% -0.38% $10M
ZBIO 0.60% 0.98% -0.38% $10M
IRTC 1.90% 2.24% -0.34% $31M
RYTM 3.69% 4.00% -0.31% $60M
VERA 1.25% 1.55% -0.30% $20M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 2 $105M 6.5%
Large Cap 24 $596M 36.7%
Mid Cap 42 $714M 44.0%
Small Cap 26 $177M 10.9%
Micro Cap 8 $31M 1.9%

Portfolio Analytics

Avg Market Cap
$29.5B
Median Market Cap
$3.6B
Avg P/E
47.3
Median P/E
34.7
Avg Dividend Yield
0.00%
Avg Beta
0.78
# Stocks
101
# ETFs / Funds
1

Top Holdings (102 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RVMD 7.24% 1,209,465 $118M $97.25 $11M -125,805 -9.4%
2 LLY 5.59% 98,700 $91M $919.77 -$22M -6,700 -6.4%
3 MDGL 5.51% 170,999 $90M $523.47 $8M +31,381 +22.5%
4 MIRM 4.62% 811,294 $75M $92.38 $15M +49,000 +6.4%
5 ARGX 4.43% 98,500 $72M $730.25 -$15M -4,750 -4.6%
6 RYTM 3.69% 689,748 $60M $86.97 -$14M -5,262 -0.8%
7 INSM 3.16% 314,300 $51M $163.52 -$4M -4,950 -1.6%
8 XENE 2.73% 763,020 $44M $58.15 $9M -24,768 -3.1%
9 TVTX 2.70% 1,477,954 $44M $29.71 -$41M -732,368 -33.1%
10 KYMR 2.55% 496,871 $41M $83.29 $3M
11 PEN 2.44% 120,500 $40M $328.37 $2M
12 ISRG 2.33% 82,000 $38M $460.99 -$9M
13 SRRK 2.24% 739,816 $36M $49.16 $4M +6,339 +0.9%
14 ELVN 2.00% 826,500 $32M $39.20 $20M +28,095 +3.5%
15 BSX 1.99% 515,300 $32M $62.75 -$6M +116,250 +29.1%
16 IRTC 1.90% 261,750 $31M $118.02 -$11M +26,750 +11.4%
17 GPCR 1.90% 640,217 $31M $48.20 -$21M -108,019 -14.4%
18 AGIO 1.66% 799,163 $27M $33.83 $5M
19 RARE 1.57% 1,218,773 $26M $20.95 -$4M -48,468 -3.8%
20 ALNY 1.51% 74,000 $24M $330.87 -$4M +2,750 +3.9%
21 COGT 1.48% 624,155 $24M $38.49 -$6M -224,875 -26.5%
22 THC 1.45% 125,000 $24M $188.71 -$1M
23 DXCM 1.38% 355,600 $22M $62.80 -$719K +8,300 +2.4%
24 CLDX 1.27% 650,270 $21M $31.72 $2M -42,268 -6.1%
25 VERA 1.25% 503,585 $20M $40.23 -$9M -64,994 -11.4%
26 NBIX 1.22% 150,450 $20M $131.74 $2M +24,950 +19.9%
27 ACLX 1.20% 169,859 $20M $114.82 $8M
28 PHVS 1.12% 645,533 $18M $28.25 $937K +22,131 +3.5%
29 ERAS 1.10% 1,103,469 $18M $16.18 $14M +151,759 +15.9%
30 DYN 1.09% 972,198 $18M $18.13 -$231K +59,243 +6.5%
31 CMPX 1.08% 3,305,308 $17M $5.29 -$4M -621,894 -15.8%
32 ACRS 1.03% 4,472,650 $17M $3.75 $3M +18,909 +0.4%
33 TARS 0.97% 225,179 $16M $70.15 -$6M -35,165 -13.5%
34 MMED 0.97% 1,055,000 $16M $14.92 +1,055,000 NEW
35 ZLAB 0.94% 814,707 $15M $18.81 $1M +3,161 +0.4%
36 UNH 0.88% 53,000 $14M $270.59 $873K +12,200 +29.9%
37 CNTA 0.86% 351,828 $14M $39.72 $6M +27,813 +8.6%
38 HTFL 0.86% 572,500 $14M $24.33 $6M +294,800 +106.2%
39 ARDX 0.85% 2,299,473 $14M $5.99 $368K
40 SMMT 0.83% 710,000 $13M $18.96 $1M
41 BRKS 0.74% 569,100 $12M $21.13 -$7M
42 MLYS 0.73% 439,751 $12M $27.09 -$4M +12,155 +2.8%
43 DHR 0.72% 61,500 $12M $189.60 -$2M
44 PTCT 0.68% 161,798 $11M $68.13 $6M +99,919 +161.5%
45 CAI 0.62% 563,000 $10M $17.88 -$8M -124,500 -18.1%
46 ZBIO 0.60% 502,077 $10M $19.55 -$8M
47 BCAX 0.60% 489,095 $10M $19.89 $3M +60,000 +14.0%
48 BBIO 0.59% 128,250 $10M $74.26 $2M +24,750 +23.9%
49 MBX 0.53% 287,967 $9M $29.85 -$318K +5,343 +1.9%
50 TNGX 0.50% 386,915 $8M $20.92 $5M
51 REGN 0.48% 10,100 $8M $772.64 $8K
52 IMNM 0.47% 347,666 $8M $21.87 $136K
53 AMLX 0.43% 499,764 $7M $13.90 $910K
54 OMDA 0.42% 541,000 $7M $12.57 -$5M -199,000 -26.9%
55 INSP 0.42% 131,800 $7M $51.58 -$5M +800 +0.6%
56 APLS 0.40% 162,750 $7M $40.23 $3M +12,250 +8.1%
57 ALKS 0.40% 183,986 $7M $35.36 $3M +44,758 +32.1%
58 EVH 0.38% 2,675,000 $6M $2.28 -$5M
59 INDV 0.38% 200,000 $6M $30.48 +200,000 NEW
60 TERN 0.37% 113,748 $6M $52.72 $2M +5,267 +4.9%
61 EDAP 0.32% 1,378,000 $5M $3.72 $894K +91,500 +7.1%
62 JANX 0.31% 367,009 $5M $13.90 $150K +8,211 +2.3%
63 PHR 0.31% 600,400 $5M $8.38 -$10M -276,200 -31.5%
64 TMO 0.30% 10,000 $5M $491.53 -$879K
65 SYK 0.30% 14,800 $5M $328.59 +14,800 NEW
66 SION 0.25% 99,429 $4M $40.09 -$104K
67 RCUS 0.24% 180,000 $4M $21.60 -$401K
68 XBI 0.24% 30,000 $4M $127.73 -$23M -192,000 -86.5%
69 ATEC 0.23% 350,000 $4M $10.88 -$3M +47,500 +15.7%
70 PCVX 0.22% 60,250 $4M $58.11 $1M +13,250 +28.2%
71 EYPT 0.21% 258,739 $3M $12.89 -$1M
72 NVO 0.20% 90,000 $3M $36.75 +90,000 NEW
73 OCUL 0.20% 383,716 $3M $8.47 -$948K +37,896 +11.0%
74 VKTX 0.19% 96,000 $3M $32.54 +96,000 NEW
75 CYTK 0.18% 45,364 $3M $65.91 $712K +9,511 +26.5%
76 IPSC 0.18% 1,304,347 $3M $2.26 +1,304,347 NEW
77 CVS 0.18% 40,000 $3M $71.82 +40,000 NEW
78 ROIV 0.17% 97,000 $3M $27.70 $761K +8,250 +9.3%
79 TLPH 0.17% 3,589,186 $3M $0.75 -$1M
80 OLMA 0.16% 170,378 $3M $14.91 $84K +72,138 +73.4%
81 SGRY 0.15% 208,000 $2M $11.92 -$2M -102,000 -32.9%
82 LENZ 0.15% 257,460 $2M $9.15 -$2M
83 EW 0.14% 28,900 $2M $80.08 -$5M -53,600 -65.0%
84 DNTH 0.14% 26,757 $2M $83.92 +26,757 NEW
85 NGNE 0.13% 104,339 $2M $20.16 -$46K
86 AGL 0.13% 260,000 $2M $7.91 +260,000 NEW
87 CORT 0.12% 50,250 $2M $40.31 $277K
88 ACHC 0.11% 75,500 $2M $23.39 $63K -44,500 -37.1%
89 TEVA 0.08% 45,500 $1M $30.12 -$50K
90 MLTX 0.07% 61,700 $1M $18.64 $337K
91 JAZZ 0.07% 5,750 $1M $189.05 $790K +4,000 +228.6%
92 LEGN 0.05% 40,500 $733K $18.09 -$2K +6,700 +19.8%
93 GOSS 0.03% 1,609,492 $529K $0.33 -$10M -1,657,468 -50.7%
94 FOLD 0.02% 21,062 $305K $14.46 -$27M -1,908,869 -98.9%
95 ORKA 0.01% 4,123 $202K $49.05 +4,123 NEW
96 BCRX 0.01% 12,600 $120K $9.52 +12,600 NEW
97 NUVB-WT —% -$44K -134,028 -100.0% SOLD
98 EXAS —% -$61M -601,800 -100.0% SOLD
99 RAPT —% -$7M -213,731 -100.0% SOLD
100 MRSN —% -$4M -152,586 -100.0% SOLD

New Positions

SymbolValue% Port
MMED $16M 0.97%
INDV $6M 0.38%
SYK $5M 0.30%
NVO $3M 0.20%
VKTX $3M 0.19%
IPSC $3M 0.18%
CVS $3M 0.18%
DNTH $2M 0.14%
AGL $2M 0.13%
ORKA $202K 0.01%
BCRX $120K 0.01%

Sold Out Positions

SymbolValue% Port
TBPH —%
NUVB-WT —%
EXAS —%
MRSN —%
RAPT —%
CDTX —%
View SEC EDGAR Filings for Rock Springs Capital Management LP →

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