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Caligan Partners LP

Q2 2025 · Filed 2025-08-14
Market Value
$510M
+7.4%
Holdings
16
New Purchases
1
Added To
8
Closed
1
Reduced
2
Top 10 Concentration
94.9%
Turnover
12.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VRNA 26.63% 19.20% +7.44% $136M
MRUS 6.77% 3.34% +3.43% $35M
AGIO 6.98% 4.32% +2.66% $36M
EXEL 13.18% 11.85% +1.33% $67M
RZLT 1.35% 0.09% +1.26% $7M
RVMD 4.59% 3.46% +1.13% $23M
ABVX 2.51% 1.67% +0.84% $13M
TYRA 0.36% 0.05% +0.31% $2M
AURA 0.25% 0.00% +0.25% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LQDA 19.83% 25.20% -5.37% $101M
SAGE 0.00% 5.11% -5.11% $0
BCRX 1.12% 4.90% -3.78% $6M
MLYS 5.35% 7.18% -1.83% $27M
ANIK 2.98% 4.54% -1.56% $15M
EOLS 6.03% 6.91% -0.88% $31M
YMAB 2.07% 2.18% -0.11% $11M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 3 $227M 44.4%
Mid Cap 3 $149M 29.1%
Small Cap 9 $120M 23.5%
Micro Cap 1 $15M 3.0%

Portfolio Analytics

Avg Market Cap
$9.2B
Median Market Cap
$1.8B
Avg P/E
128.1
Median P/E
128.1
Avg Dividend Yield
—%
Avg Beta
0.55
# Stocks
16
# ETFs / Funds
0

Top Holdings (16 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VRNA 26.63% 1,436,878 $136M $94.58 $45M
2 LQDA 19.83% 8,118,892 $101M $12.46 -$19M +300
3 EXEL 13.18% 1,525,730 $67M $44.08 $11M
4 AGIO 6.98% 1,071,258 $36M $33.26 $15M +369,978 +52.8%
5 MRUS 6.77% 656,999 $35M $52.60 $19M +280,045 +74.3%
6 EOLS 6.03% 3,341,970 $31M $9.21 -$2M +610,816 +22.4%
7 MLYS 5.35% 2,017,352 $27M $13.53 -$7M -132,315 -6.2%
8 RVMD 4.59% 636,835 $23M $36.79 $7M +171,835 +37.0%
9 ANIK 2.98% 1,435,130 $15M $10.58 -$6M
10 ABVX 2.51% 1,674,400 $13M $7.65 $5M +405,281 +31.9%
11 YMAB 2.07% 2,342,609 $11M $4.51 $187K
12 RZLT 1.35% 1,543,014 $7M $4.46 $6M +1,401,705 +991.9%
13 BCRX 1.12% 638,908 $6M $8.96 -$18M -2,468,761 -79.4%
14 TYRA 0.36% 189,950 $2M $9.57 $2M +164,950 +659.8%
15 AURA 0.25% 200,000 $1M $6.26 +200,000 NEW
16 SAGE —% -$24M -3,052,538 -100.0% SOLD

New Positions

SymbolValue% Port
AURA $1M 0.25%

Sold Out Positions

SymbolValue% Port
SAGE —%
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