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Caligan Partners LP

Q2 2026 · Filed 2026-08-14
Market Value
$2.1B
+46.6%
Holdings
29
+1
New Purchases
5
Added To
10
Closed
4
Reduced
3
Top 10 Concentration
82.9%
Turnover
31.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LQDA 31.23% 21.67% +9.56% $647M
RVMD 17.73% 11.37% +6.36% $367M
IMCR 2.12% 0.00% +2.12% $44M
VRDN 1.94% 0.00% +1.94% $40M
AURA 1.47% 0.11% +1.36% $31M
AVTX 2.82% 1.73% +1.09% $58M
SGMT 0.93% 0.00% +0.93% $19M
ARTV 0.81% 0.00% +0.81% $17M
FTH 0.76% 0.28% +0.48% $16M
TNGX 3.77% 3.56% +0.21% $78M
CLRB 0.06% 0.00% +0.06% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MLYS 0.00% 5.31% -5.31% $0
XENE 2.59% 5.73% -3.14% $54M
SYRE 0.00% 3.13% -3.13% $0
PCVX 6.14% 8.47% -2.33% $127M
TYRA 1.24% 3.46% -2.22% $26M
ABVX 10.02% 11.51% -1.50% $208M
MAZE 0.00% 1.30% -1.30% $0
MBX 0.53% 1.79% -1.26% $11M
IRD 1.21% 1.96% -0.75% $25M
ADMA 2.31% 3.03% -0.72% $48M
VOR 1.71% 2.43% -0.72% $35M
SABS 1.50% 2.16% -0.66% $31M
EXEL 4.08% 4.71% -0.63% $85M
IVA 1.49% 1.95% -0.46% $31M
ANIK 1.01% 1.47% -0.46% $21M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 2 $452M 21.8%
Mid Cap 10 $1.2B 58.5%
Small Cap 10 $298M 14.4%
Micro Cap 7 $109M 5.3%

Portfolio Analytics

Avg Market Cap
$3.8B
Median Market Cap
$1.2B
Avg P/E
12.6
Median P/E
15.6
Avg Dividend Yield
—%
Avg Beta
0.94
# Stocks
29
# ETFs / Funds
0

Top Holdings (29 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 LQDA 31.23% 8,118,892 $647M $79.73 $341M — —
2 RVMD 17.73% 1,961,795 $367M $187.28 $207M +308,987 +18.7%
3 ABVX 10.02% 1,557,924 $208M $133.26 $45M +96,000 +6.6%
4 PCVX 6.14% 2,188,636 $127M $58.13 $7M +127,917 +6.2%
5 EXEL 4.08% 1,553,262 $85M $54.41 $18M — —
6 TNGX 3.77% 2,500,103 $78M $31.26 $28M +91,305 +3.8%
7 AVTX 2.82% 3,163,866 $58M $18.48 $34M +1,528,843 +93.5%
8 XENE 2.59% 889,944 $54M $60.36 -$27M -503,083 -36.1%
9 ADMA 2.31% 5,725,007 $48M $8.37 $5M +968,496 +20.4%
10 LBRX 2.25% 1,438,070 $47M $32.46 $12M — —
11 IMCR 2.12% 1,381,317 $44M $31.75 — +1,381,317 — NEW
12 VRDN 1.94% 2,193,981 $40M $18.37 — +2,193,981 — NEW
13 VOR 1.71% 1,925,066 $35M $18.41 $1M — —
14 SABS 1.50% 7,967,207 $31M $3.90 $558K — —
15 IVA 1.49% 8,163,191 $31M $3.78 $3M +3,188,285 +64.1%
16 AURA 1.47% 4,298,248 $31M $7.10 $29M +4,068,384 +1769.9%
17 TYRA 1.24% 806,986 $26M $31.94 -$23M -469,982 -36.8%
18 IRD 1.21% 6,077,084 $25M $4.11 -$3M +2,056 +0.0%
19 ANIK 1.01% 1,435,130 $21M $14.63 $187K — —
20 SGMT 0.93% 2,500,000 $19M $7.73 — +2,500,000 — NEW
21 ARTV 0.81% 1,736,111 $17M $9.70 — +1,736,111 — NEW
22 FTH 0.76% 629,467 $16M $25.00 $12M +503,465 +399.6%
23 MBX 0.53% 200,000 $11M $55.20 -$14M -648,590 -76.4%
24 VRCA 0.27% 923,910 $6M $6.12 $767K — —
25 CLRB 0.06% 469,998 $1M $2.78 — +469,998 — NEW
26 MAZE —% — — — -$18M -614,962 -100.0% SOLD
27 SYRE —% — — — -$44M -878,127 -100.0% SOLD
28 MLYS —% — — — -$75M -2,772,654 -100.0% SOLD
29 XLO —% — — — -$943K -112,128 -100.0% SOLD

New Positions

SymbolValue% Port
IMCR $44M 2.12%
VRDN $40M 1.94%
SGMT $19M 0.93%
ARTV $17M 0.81%
CLRB $1M 0.06%

Sold Out Positions

SymbolValue% Port
MAZE — —%
MLYS — —%
SYRE — —%
XLO — —%
View SEC EDGAR Filings for Caligan Partners LP →

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