— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Lion Point Capital, LP

Q3 2025 · Filed 2025-11-14
Market Value
$11.0B
+23.9%
Holdings
21
+8
New Purchases
8
Added To
2
Closed
0
Reduced
6
Top 10 Concentration
80.5%
Turnover
38.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RPRX 6.84% 0.00% +6.84% $755M
MLTX 4.39% 0.00% +4.39% $484M
KURA 3.69% 0.00% +3.69% $407M
CMPS 3.01% 0.00% +3.01% $332M
DAWN 2.68% 0.00% +2.68% $296M
MCRB 4.73% 2.13% +2.61% $522M
RCKT 2.54% 0.00% +2.54% $280M
SNDX 7.67% 5.78% +1.89% $846M
MRSN 1.81% 0.00% +1.81% $200M
MLYS 13.41% 12.00% +1.40% $1.5B
SPRB 0.08% 0.00% +0.08% $9M
IRON 0.01% 0.01% +0.00% $700K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BBIO 0.01% 12.61% -12.60% $691K
FENC 10.44% 18.24% -7.81% $1.2B
ARDX 8.13% 14.77% -6.64% $897M
GERN 6.21% 7.92% -1.71% $685M
ARQT 6.03% 7.29% -1.26% $665M
HUMA 1.32% 1.96% -0.64% $145M
RGNX 5.05% 5.32% -0.27% $557M
MIST 11.94% 11.96% -0.02% $1.3B
INSM 0.01% 0.01% -0.00% $900K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 3 $757M 6.9%
Mid Cap 3 $962M 8.7%
Small Cap 9 $6.0B 54.1%
Micro Cap 6 $3.3B 30.3%

Portfolio Analytics

Avg Market Cap
$3.7B
Median Market Cap
$1.1B
Avg P/E
28.4
Median P/E
28.4
Avg Dividend Yield
0.00%
Avg Beta
0.95
# Stocks
21
# ETFs / Funds
0

Top Holdings (21 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MLYS 13.41% 39,000 $1.5B $37,920.00 $410M -40,000 -50.6%
2 MIST 11.94% 658,553 $1.3B $2,000.00 $252M +109,747 +20.0%
3 FENC 10.44% 123,000 $1.2B $9,360.00 -$473M -72,700 -37.1%
4 ARDX 8.13% 162,750 $897M $5,510.00 -$418M -172,650 -51.5%
5 SNDX 7.67% 55,000 $846M $15,385.00 $331M
6 RPRX 6.84% 21,400 $755M $35,280.00 +21,400 NEW
7 GERN 6.21% 500,000 $685M $1,370.00 -$20M
8 ARQT 6.03% 35,300 $665M $18,850.00 $16M -11,000 -23.8%
9 RGNX 5.05% 57,750 $557M $9,650.01 $83M
10 MCRB 4.73% 27,138 $522M $19,240.00 $333M +10,100 +59.3%
11 MLTX 4.39% 67,500 $484M $7,170.00 +67,500 NEW
12 KURA 3.69% 46,000 $407M $8,850.00 +46,000 NEW
13 CMPS 3.01% 58,000 $332M $5,730.00 +58,000 NEW
14 DAWN 2.68% 42,000 $296M $7,050.00 +42,000 NEW
15 RCKT 2.54% 86,000 $280M $3,260.00 +86,000 NEW
16 MRSN 1.81% 25,760 $200M $7,760.02 +25,760 NEW
17 HUMA 1.32% 83,500 $145M $1,740.00 -$29M
18 SPRB 0.08% 1,000 $9M $8,950.00 +1,000 NEW
19 INSM 0.01% 6,250 $900K $144.01 -$172K -4,400 -41.3%
20 IRON 0.01% 10,600 $700K $66.08 $139K
21 BBIO 0.01% 13,300 $691K $51.94 -$1.1B -12,700 -48.9%

New Positions

SymbolValue% Port
RPRX $755M 6.84%
MLTX $484M 4.39%
KURA $407M 3.69%
CMPS $332M 3.01%
DAWN $296M 2.68%
RCKT $280M 2.54%
MRSN $200M 1.81%
SPRB $9M 0.08%
View SEC EDGAR Filings for Lion Point Capital, LP →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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