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Lion Point Capital, LP

Q1 2026 · Filed 2026-05-15
Market Value
$11.9B
-12.3%
Holdings
34
-1
New Purchases
0
Added To
3
Closed
4
Reduced
0
Top 10 Concentration
66.1%
Turnover
11.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MLTX 10.56% 6.55% +4.01% $1.3B
RPRX 8.61% 6.08% +2.53% $1.0B
GERN 7.23% 5.61% +1.61% $861M
SNDX 7.06% 5.56% +1.49% $841M
ARDX 6.47% 5.52% +0.95% $771M
CMPS 3.71% 2.94% +0.77% $442M
EWTX 2.41% 1.66% +0.74% $287M
SRPT 5.20% 4.51% +0.69% $620M
VTRS 3.14% 2.54% +0.60% $374M
INVA 1.60% 1.21% +0.40% $191M
RCKT 2.58% 2.22% +0.36% $308M
JANX 2.22% 1.93% +0.29% $264M
GHRS 1.20% 0.95% +0.25% $143M
DYN 2.74% 2.59% +0.15% $326M
LNTH 0.00% 0.00% +0.00% $417K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MIST 8.19% 11.22% -3.03% $976M
DAWN 0.00% 2.88% -2.88% $0
VTYX 0.00% 2.76% -2.76% $0
MCRB 2.35% 3.46% -1.11% $280M
NERV 0.00% 1.04% -1.04% $0
RGNX 1.87% 2.82% -0.95% $223M
BRKS 1.72% 2.37% -0.65% $205M
QURE 2.02% 2.59% -0.57% $240M
FENC 5.80% 6.37% -0.57% $691M
MLYS 2.39% 2.80% -0.42% $284M
KURA 3.14% 3.52% -0.38% $374M
HUMA 3.31% 3.53% -0.22% $394M
IPHA 0.87% 1.04% -0.17% $104M
ARQT 1.04% 1.12% -0.08% $124M
MRSN 0.00% 0.02% -0.02% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 3 $1.4B 11.8%
Mid Cap 7 $943M 7.9%
Small Cap 16 $7.1B 59.8%
Micro Cap 8 $2.4B 20.5%

Portfolio Analytics

Avg Market Cap
$3.1B
Median Market Cap
$1.4B
Avg P/E
53.3
Median P/E
27.1
Avg Dividend Yield
0.00%
Avg Beta
0.90
# Stocks
34
# ETFs / Funds
0

Top Holdings (34 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MLTX 10.56% 67,500 $1.3B $18,640.00 $369M
2 RPRX 8.61% 21,400 $1.0B $47,970.00 $200M
3 MIST 8.19% 820,000 $976M $1,190.00 -$549M +65,000 +8.6%
4 GERN 7.23% 578,000 $861M $1,490.00 $98M
5 SNDX 7.06% 36,000 $841M $23,360.00 $85M
6 ARDX 6.47% 128,650 $771M $5,990.00 $21M
7 FENC 5.80% 112,434 $691M $6,150.00 -$174M
8 SRPT 5.20% 28,500 $620M $21,760.00 $7M
9 CMPS 3.71% 80,000 $442M $5,530.00 $42M +22,000 +37.9%
10 HUMA 3.31% 650,000 $394M $606.70 -$86M +150,000 +30.0%
11 VTRS 3.14% 27,700 $374M $13,510.00 $29M
12 KURA 3.14% 46,000 $374M $8,130.00 -$104M
13 DYN 2.74% 18,000 $326M $18,130.00 -$26M
14 RCKT 2.58% 86,000 $308M $3,580.00 $6M
15 PCRX 2.56% 13,500 $305M $22,600.00 -$44M
16 EWTX 2.41% 9,100 $287M $31,500.00 $61M
17 MLYS 2.39% 10,500 $284M $27,090.00 -$97M
18 MCRB 2.35% 31,570 $280M $8,870.00 -$190M
19 JANX 2.22% 19,000 $264M $13,900.00 $2M
20 QURE 2.02% 14,700 $240M $16,350.00 -$111M
21 RGNX 1.87% 26,600 $223M $8,380.00 -$160M
22 BRKS 1.72% 9,700 $205M $21,130.00 -$118M
23 INVA 1.60% 8,200 $191M $23,300.00 $27M
24 GHRS 1.20% 10,200 $143M $14,060.00 $14M
25 ARQT 1.04% 5,250 $124M $23,560.00 -$29M
26 IPHA 0.87% 81,151 $104M $1,280.00 -$38M
27 IRON —% 8,100 $518K $63.94 -$125K
28 LNTH —% 5,500 $417K $75.85 $51K
29 BBIO —% 5,000 $371K $74.26 -$11K
30 SPRB —% 1,000 $65K $65.35 -$22K
31 MRSN —% -$3M -100 -100.0% SOLD
32 NERV —% -$141M -35,000 -100.0% SOLD
33 DAWN —% -$391M -42,000 -100.0% SOLD
34 VTYX —% -$375M -41,500 -100.0% SOLD

Sold Out Positions

SymbolValue% Port
NERV —%
DAWN —%
MRSN —%
VTYX —%
View SEC EDGAR Filings for Lion Point Capital, LP →

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