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Asset Manager ← All Institutions

Soleus Capital Management, L.P.

Q1 2026 · Filed 2026-05-14
Market Value
$2.3B
+4.9%
Holdings
108
+2
New Purchases
23
Added To
27
Closed
25
Reduced
26
Top 10 Concentration
52.3%
Turnover
44.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UTHR 4.84% 1.34% +3.50% $111M
PODD 5.15% 1.95% +3.20% $118M
KRYS 12.99% 10.62% +2.37% $298M
VCEL 3.58% 1.26% +2.32% $82M
INDV 1.69% 0.00% +1.69% $39M
TGTX 5.84% 4.28% +1.56% $134M
PGNY 1.53% 0.00% +1.53% $35M
ALKS 3.04% 1.69% +1.35% $70M
GERN 2.70% 1.41% +1.29% $62M
MRK 1.07% 0.00% +1.07% $24M
ANIP 2.75% 1.76% +0.99% $63M
EWTX 1.99% 1.03% +0.96% $46M
ICLR 0.93% 0.00% +0.93% $21M
NTRA 1.04% 0.21% +0.83% $24M
CNTX 0.80% 0.00% +0.80% $18M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DXCM 0.38% 3.94% -3.56% $9M
FOLD 0.00% 3.39% -3.39% $0
BMRN 1.60% 3.59% -1.99% $37M
CELC 6.39% 8.25% -1.86% $147M
BBNX 1.90% 3.53% -1.63% $44M
GSK 0.00% 1.43% -1.43% $0
ORGO 1.04% 2.37% -1.32% $24M
RAPT 0.00% 1.18% -1.18% $0
NBIX 0.00% 1.14% -1.14% $0
ARGX 0.11% 1.22% -1.11% $3M
TFX 0.00% 1.06% -1.06% $0
IMVT 0.25% 1.29% -1.04% $6M
CAPR 0.00% 0.85% -0.85% $0
THC 0.00% 0.84% -0.84% $0
AXGN 0.98% 1.81% -0.83% $23M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $24M 1.1%
Large Cap 14 $411M 17.9%
Mid Cap 38 $1.2B 50.6%
Small Cap 43 $621M 27.1%
Micro Cap 12 $76M 3.3%

Portfolio Analytics

Avg Market Cap
$8.4B
Median Market Cap
$1.9B
Avg P/E
33.8
Median P/E
29.8
Avg Dividend Yield
0.00%
Avg Beta
0.89
# Stocks
108
# ETFs / Funds
0

Top Holdings (108 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 KRYS 12.99% 1,153,087 $298M $258.32 $66M +212,028 +22.5%
2 CELC 6.39% 1,284,378 $147M $114.14 -$34M -523,880 -29.0%
3 TGTX 5.84% 4,029,319 $134M $33.22 $40M +890,007 +28.4%
4 PODD 5.15% 562,500 $118M $209.84 $75M +412,500 +275.0%
5 NVCR 4.99% 10,492,391 $114M $10.90 $4M +1,961,726 +23.0%
6 UTHR 4.84% 187,187 $111M $592.98 $82M +127,187 +212.0%
7 VCEL 3.58% 2,549,079 $82M $32.17 $54M +1,785,079 +233.7%
8 ALKS 3.04% 1,970,864 $70M $35.36 $33M +648,500 +49.0%
9 ANIP 2.75% 820,243 $63M $76.90 $25M +334,000 +68.7%
10 GMED 2.74% 729,467 $63M $86.16 -$15M -157,533 -17.8%
11 GERN 2.70% 41,508,659 $62M $1.49 $31M +18,218,659 +78.2%
12 TWST 2.54% 1,226,629 $58M $47.52 -$767K -635,173 -34.1%
13 EWTX 1.99% 1,449,915 $46M $31.50 $23M +539,915 +59.3%
14 BBNX 1.90% 4,354,501 $44M $10.02 -$34M +1,819,936 +71.8%
15 ALNY 1.90% 131,650 $44M $330.87 $16M +61,650 +88.1%
16 SNDX 1.76% 1,726,908 $40M $23.36 -$7M -520,202 -23.1%
17 INDV 1.69% 1,274,000 $39M $30.48 +1,274,000 NEW
18 NPCE 1.68% 2,932,207 $39M $13.15 -$3M +228,999 +8.5%
19 LIVN 1.61% 582,500 $37M $63.56 $2M +15,000 +2.6%
20 MIRM 1.61% 400,306 $37M $92.38 -$8M -173,308 -30.2%
21 BMRN 1.60% 650,572 $37M $56.49 -$42M -669,428 -50.7%
22 PGNY 1.53% 2,067,000 $35M $16.98 +2,067,000 NEW
23 INSP 1.30% 576,299 $30M $51.58 $2M +276,900 +92.5%
24 EDAP 1.19% 7,309,254 $27M $3.72 $3M
25 MRK 1.07% 203,000 $24M $120.29 +203,000 NEW
26 ORGO 1.04% 10,085,951 $24M $2.37 -$28M +100,000 +1.0%
27 NTRA 1.04% 119,000 $24M $199.99 $19M +99,000 +495.0%
28 AXGN 0.98% 679,170 $23M $33.13 -$17M -527,685 -43.7%
29 PCVX 0.98% 385,472 $22M $58.11 -$6M -223,486 -36.7%
30 ICLR 0.93% 192,000 $21M $110.66 +192,000 NEW
31 PHVS 0.87% 702,052 $20M $28.25 $351K
32 CERS 0.85% 10,753,700 $20M $1.82 $11M +6,753,700 +168.8%
33 TRVI 0.84% 1,620,000 $19M $11.93 $8M +720,000 +80.0%
34 CNTX 0.80% 6,963,141 $18M $2.62 +6,963,141 NEW
35 VIR 0.78% 2,002,000 $18M $8.96 +2,002,000 NEW
36 XENE 0.74% 292,000 $17M $58.15 +292,000 NEW
37 TVTX 0.71% 546,000 $16M $29.71 +546,000 NEW
38 TNDM 0.65% 783,000 $15M $19.17 +783,000 NEW
39 NRIX 0.63% 938,163 $15M $15.50 -$9M -281,231 -23.1%
40 URGN 0.57% 727,000 $13M $17.98 $10M +577,000 +384.7%
41 SION 0.51% 293,500 $12M $40.09 $720K +25,000 +9.3%
42 CORT 0.50% 285,531 $12M $40.31 +285,531 NEW
43 JBIO 0.49% 796,744 $11M $14.05 -$1M
44 VCYT 0.45% 319,912 $10M $32.21 $10M +309,912 +3099.1%
45 ADGI 0.44% 7,708,727 $10M $1.30 -$9M
46 CCCC 0.44% 3,803,942 $10M $2.63 $3M
47 KIDS 0.43% 615,447 $10M $15.87 $435K +90,000 +17.1%
48 RCUS 0.43% 451,983 $10M $21.60 -$7M -260,000 -36.5%
49 TNGX 0.41% 450,000 $9M $20.92 $9M +440,000 +4400.0%
50 EOLS 0.40% 2,245,360 $9M $4.11 $2M +1,175,360 +109.8%
51 SOPH 0.40% 1,850,000 $9M $4.95 +1,850,000 NEW
52 ELVN 0.39% 230,869 $9M $39.20 -$7M -794,131 -77.5%
53 DXCM 0.38% 140,000 $9M $62.80 -$77M -1,157,094 -89.2%
54 SEPN 0.29% 275,000 $7M $24.03 -$4M -108,368 -28.3%
55 BDSX 0.26% 416,599 $6M $14.50 +416,599 NEW
56 RLMD 0.26% 842,106 $6M $6.96 +842,106 NEW
57 CGEM 0.25% 410,200 $6M $14.21 +410,200 NEW
58 IMVT 0.25% 230,000 $6M $24.84 -$23M -880,000 -79.3%
59 MBX 0.23% 178,897 $5M $29.85 -$8M -230,003 -56.2%
60 LRMR 0.21% 1,066,960 $5M $4.50 +1,066,960 NEW
61 ETON 0.18% 166,381 $4M $24.68 +166,381 NEW
62 PRCT 0.17% 160,000 $4M $25.01 +160,000 NEW
63 GPCR 0.17% 80,000 $4M $48.20 -$2M -10,000 -11.1%
64 TECX 0.16% 121,684 $4M $30.91 +121,684 NEW
65 LUNG 0.16% 2,788,323 $4M $1.29 -$908K +750,000 +36.8%
66 IOVA 0.15% 1,000,000 $4M $3.51 +1,000,000 NEW
67 ARGX 0.11% 3,500 $3M $730.25 -$24M -28,226 -89.0%
68 KPTI 0.11% 440,000 $2M $5.57 -$788K
69 MSLE 0.10% 414,359 $2M $5.63 +414,359 NEW
70 ARWR 0.08% 28,479 $2M $62.70 +28,479 NEW
71 INSM 0.07% 10,250 $2M $163.52 -$7M -38,250 -78.9%
72 CTMX 0.06% 300,000 $1M $4.70 +300,000 NEW
73 CGON 0.06% 20,000 $1M $67.68 -$6M -150,000 -88.2%
74 NEO 0.06% 175,000 $1M $7.42 -$4M -252,504 -59.1%
75 QNRX 0.02% 72,730 $480K $6.60 $119K +47,730 +190.9%
76 COGT 0.02% 10,000 $385K $38.49 -$4M -110,000 -91.7%
77 TYRA 0.02% 10,000 $383K $38.30 -$3M -115,000 -92.0%
78 STAA 0.02% 20,000 $374K $18.70 -$203K -5,000 -20.0%
79 ANAB 0.01% 6,000 $333K $55.46 -$6M -129,000 -95.6%
80 RAPP 0.01% 10,000 $313K $31.29 +10,000 NEW
81 RIGL 0.01% 10,000 $270K $27.04 -$13M -290,034 -96.7%
82 LBRX 0.01% 10,000 $247K $24.66 $24K
83 ORKA 0.01% 5,000 $245K $49.05 -$6M -185,000 -97.4%
84 MDGL —% -$291K -500 -100.0% SOLD
85 DCTH —% -$101K -10,000 -100.0% SOLD
86 BLTE —% -$6M -40,354 -100.0% SOLD
87 CALC —% -$5M -683,904 -100.0% SOLD
88 QDEL —% -$2M -75,000 -100.0% SOLD
89 CAPR —% -$19M -646,390 -100.0% SOLD
90 NBIX —% -$25M -175,982 -100.0% SOLD
91 KOD —% -$2M -60,000 -100.0% SOLD
92 ABVX —% -$6M -45,000 -100.0% SOLD
93 VKTX —% -$2M -70,000 -100.0% SOLD
94 ERAS —% -$8M -2,162,162 -100.0% SOLD
95 TFX —% -$23M -190,000 -100.0% SOLD
96 MLTX —% -$5M -400,000 -100.0% SOLD
97 GUTS —% -$880K -400,000 -100.0% SOLD
98 OLMA —% -$2M -69,874 -100.0% SOLD
99 DYN —% -$196K -10,000 -100.0% SOLD
100 GRAL —% -$941K -11,000 -100.0% SOLD

Options Breakdown

0 Calls $0 Call Value 1 Puts $0 Put Value

Top Puts

SymbolSharesValueStatus
XBI $0 SOLD

New Positions

SymbolValue% Port
INDV $39M 1.69%
PGNY $35M 1.53%
MRK $24M 1.07%
ICLR $21M 0.93%
CNTX $18M 0.80%
VIR $18M 0.78%
XENE $17M 0.74%
TVTX $16M 0.71%
TNDM $15M 0.65%
CORT $12M 0.50%
SOPH $9M 0.40%
BDSX $6M 0.26%
RLMD $6M 0.26%
CGEM $6M 0.25%
LRMR $5M 0.21%

Sold Out Positions

SymbolValue% Port
GSK —%
THC —%
TFX —%
ERAS —%
BCAX —%
DYN —%
KOD —%
GRAL —%
MDGL —%
CAPR —%
DCTH —%
CALC —%
BLTE —%
MLTX —%
ABVX —%
View SEC EDGAR Filings for Soleus Capital Management, L.P. →

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