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Asset Manager ← All Institutions

Soleus Capital Management, L.P.

Q2 2025 · Filed 2025-08-15
Market Value
$1.3B
+14.9%
Holdings
89
+4
New Purchases
25
Added To
17
Closed
6
Reduced
24
Top 10 Concentration
50.8%
Turnover
34.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KRYS 9.44% 6.81% +2.63% $127M
ALNY 2.59% 0.00% +2.59% $35M
URGN 2.23% 0.00% +2.23% $30M
ANTM 2.03% 0.00% +2.03% $27M
UNH 2.00% 0.00% +2.00% $27M
CDTX 1.68% 0.00% +1.68% $23M
HUM 1.45% 0.00% +1.45% $19M
VCYT 1.44% 0.00% +1.44% $19M
GERN 1.69% 0.33% +1.37% $23M
MIRM 1.13% 0.00% +1.13% $15M
TWST 0.97% 0.00% +0.97% $13M
CELC 2.99% 2.22% +0.77% $40M
ENOV 0.73% 0.00% +0.73% $10M
NVCR 9.14% 8.41% +0.73% $123M
ESTA 0.67% 0.00% +0.67% $9M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TGTX 6.01% 9.60% -3.59% $81M
BMRN 3.69% 6.52% -2.83% $50M
IOVA 0.42% 2.22% -1.80% $6M
MDGL 0.18% 1.91% -1.73% $2M
HOLX 0.00% 1.59% -1.59% $0
ORGO 3.36% 4.61% -1.25% $45M
INSM 0.54% 1.79% -1.24% $7M
MRUS 0.16% 1.39% -1.23% $2M
AXGN 1.18% 2.29% -1.11% $16M
SNY 0.00% 1.07% -1.07% $0
ANIP 0.25% 1.29% -1.04% $3M
NPCE 1.92% 2.74% -0.82% $26M
RIGL 0.92% 1.74% -0.82% $12M
IART 1.27% 2.02% -0.75% $17M
PTGX 0.00% 0.70% -0.70% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $27M 2.0%
Large Cap 13 $225M 16.8%
Mid Cap 30 $610M 45.4%
Small Cap 36 $438M 32.6%
Micro Cap 9 $44M 3.3%

Portfolio Analytics

Avg Market Cap
$11.8B
Median Market Cap
$1.9B
Avg P/E
29.1
Median P/E
27.1
Avg Dividend Yield
0.10%
Avg Beta
0.92
# Stocks
89
# ETFs / Funds
0

Top Holdings (89 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 KRYS 9.44% 922,958 $127M $137.46 $47M +481,200 +108.9%
2 NVCR 9.14% 6,904,302 $123M $17.80 $25M +1,382,888 +25.1%
3 TGTX 6.01% 2,243,935 $81M $35.99 -$31M -602,768 -21.2%
4 UTHR 4.48% 209,794 $60M $287.35 $12M +54,400 +35.0%
5 BBNX 4.14% 3,820,158 $56M $14.56 $14M +424,817 +12.5%
6 GRFS 3.87% 5,756,805 $52M $9.04 $2M -1,333,017 -18.8%
7 STAA 3.73% 2,984,733 $50M $16.78 $5M +421,840 +16.5%
8 BMRN 3.69% 902,304 $50M $54.97 -$27M -177,000 -16.4%
9 ORGO 3.36% 12,343,351 $45M $3.66 -$9M -135,000 -1.1%
10 CELC 2.99% 3,011,818 $40M $13.35 $14M +437,696 +17.0%
11 ALNY 2.59% 106,750 $35M $326.09 +106,750 NEW
12 TERN 2.27% 8,167,100 $30M $3.73 $8M
13 URGN 2.23% 2,185,000 $30M $13.70 +2,185,000 NEW
14 NRIX 2.05% 2,422,833 $28M $11.39 -$1M
15 ANTM 2.03% 70,000 $27M $388.96 +70,000 NEW
16 UNH 2.00% 86,250 $27M $311.97 +86,250 NEW
17 NPCE 1.92% 2,312,957 $26M $11.14 -$6M -295,211 -11.3%
18 ARGX 1.76% 42,876 $24M $551.22 $7M +13,936 +48.1%
19 SRDX 1.74% 789,060 $23M $29.71 -$647K
20 GERN 1.69% 16,140,000 $23M $1.41 $19M +13,740,000 +572.5%
21 CDTX 1.68% 462,811 $23M $48.71 +462,811 NEW
22 EOLS 1.45% 2,119,000 $20M $9.21 $7M +1,039,842 +96.4%
23 HUM 1.45% 79,600 $19M $244.48 +79,600 NEW
24 VCYT 1.44% 715,439 $19M $27.03 +715,439 NEW
25 IART 1.27% 1,387,818 $17M $12.27 -$7M +315,614 +29.4%
26 AXGN 1.18% 1,459,395 $16M $10.85 -$11M +13,278 +0.9%
27 MIRM 1.13% 298,696 $15M $50.89 +298,696 NEW
28 INSP 1.05% 109,000 $14M $129.77 $8M +70,000 +179.5%
29 TWST 0.97% 354,401 $13M $36.79 +354,401 NEW
30 PHVS 0.96% 732,968 $13M $17.60 $110K -81,684 -10.0%
31 RIGL 0.92% 658,145 $12M $18.73 -$8M -472,534 -41.8%
32 EDAP 0.90% 7,309,254 $12M $1.65 -$2M
33 THTX 0.84% 4,801,376 $11M $2.36 $5M
34 SNDX 0.76% 1,092,110 $10M $9.36 $196K +275,500 +33.7%
35 CCCC 0.74% 6,978,942 $10M $1.43 -$1M
36 ENOV 0.73% 315,000 $10M $31.36 +315,000 NEW
37 NUVL 0.71% 125,000 $10M $76.30 -$6M -89,357 -41.7%
38 ESTA 0.67% 211,900 $9M $42.71 +211,900 NEW
39 ACLX 0.60% 123,031 $8M $65.85 -$2M -30,000 -19.6%
40 JBIO 0.59% 796,744 $8M $9.99 +796,744 NEW
41 INSM 0.54% 72,772 $7M $100.64 -$14M -201,500 -73.5%
42 ANAB 0.53% 321,040 $7M $22.20 $5M +218,988 +214.6%
43 SION 0.49% 376,000 $7M $17.35 $4M +136,000 +56.7%
44 IOVA 0.42% 3,261,707 $6M $1.72 -$20M -4,523,293 -58.1%
45 IDYA 0.39% 250,000 $5M $21.02 +250,000 NEW
46 QDEL 0.37% 174,000 $5M $28.82 +174,000 NEW
47 SRRK 0.33% 125,000 $4M $35.42 -$5M -160,000 -56.1%
48 ETON 0.30% 285,000 $4M $14.25 +285,000 NEW
49 CGON 0.30% 155,000 $4M $26.00 -$3M -148,585 -48.9%
50 0LOV.L 0.29% 935,909 $4M $4.15 -$2M
51 EPIX 0.29% 2,262,026 $4M $1.70 $271K
52 AKRO 0.29% 72,000 $4M $53.36 -$894K -45,000 -38.5%
53 TRVI 0.28% 700,000 $4M $5.47 +700,000 NEW
54 TNGX 0.28% 730,000 $4M $5.12 +730,000 NEW
55 TNDM 0.28% 200,000 $4M $18.64 -$6M -296,039 -59.7%
56 WGS 0.27% 40,000 $4M $92.31 +40,000 NEW
57 ANIP 0.25% 50,743 $3M $65.25 -$12M -173,941 -77.4%
58 ADMA 0.24% 175,000 $3M $18.21 +175,000 NEW
59 CTMX 0.22% 1,304,300 $3M $2.27 +1,304,300 NEW
60 OFIX 0.22% 261,147 $3M $11.15 -$7M -340,778 -56.6%
61 ERAS 0.20% 2,162,162 $3M $1.27 -$216K
62 DNLI 0.19% 182,110 $3M $13.99 $712K +47,110 +34.9%
63 XENE 0.18% 78,800 $2M $31.30 +78,800 NEW
64 MDGL 0.18% 8,000 $2M $302.64 -$20M -59,500 -88.2%
65 VCEL 0.16% 50,953 $2M $42.55 +50,953 NEW
66 MRUS 0.16% 40,000 $2M $52.60 -$14M -345,821 -89.6%
67 SKIN 0.14% 1,000,000 $2M $1.91 +1,000,000 NEW
68 MREO 0.12% 599,711 $2M $2.71 $80K -87,242 -12.7%
69 YMAB 0.12% 349,982 $2M $4.51 $28K
70 TECX 0.11% 76,841 $2M $19.87 $166K
71 MYO 0.11% 704,275 $2M $2.16 -$2M
72 CALC 0.09% 783,904 $1M $1.60 -$243K
73 EWTX 0.07% 76,493 $1M $13.11 -$588K +4,193 +5.8%
74 KIDS 0.07% 45,000 $967K $21.48 -$142K
75 ABVX 0.07% 125,000 $956K $7.65 $175K
76 CBLL 0.07% 50,000 $936K $18.73 +50,000 NEW
77 SEPN 0.06% 75,456 $798K $10.57 -$4M -675,897 -90.0%
78 BCYC 0.05% 100,000 $695K $6.95 +100,000 NEW
79 RVMD 0.03% 10,000 $368K $36.79 -$3M -74,784 -88.2%
80 DCTH 0.03% 25,000 $340K $13.60 -$3M -207,722 -89.3%
81 IOBT 0.02% 192,670 $268K $1.39 $58K
82 AXSM 0.02% 2,000 $209K $104.39 -$2M -15,000 -88.2%
83 ADPT 0.01% 10,000 $116K $11.65 $42K
84 TEVA —% -$7M -450,500 -100.0% SOLD
85 SRPT —% -$4M -58,000 -100.0% SOLD
86 LIVN —% -$5M -117,040 -100.0% SOLD
87 SNY —% -$13M -226,218 -100.0% SOLD
88 HOLX —% -$19M -302,000 -100.0% SOLD
89 PTGX —% -$8M -169,000 -100.0% SOLD

Options Breakdown

1 Calls $0 Call Value 1 Puts $62M Put Value

Top Calls

SymbolSharesValueStatus
XBI $0 SOLD

Top Puts

SymbolSharesValueStatus
XBI 750,000 $62M NEW

New Positions

SymbolValue% Port
ALNY $35M 2.59%
URGN $30M 2.23%
ANTM $27M 2.03%
UNH $27M 2.00%
CDTX $23M 1.68%
HUM $19M 1.45%
VCYT $19M 1.44%
MIRM $15M 1.13%
TWST $13M 0.97%
ENOV $10M 0.73%
ESTA $9M 0.67%
JBIO $8M 0.59%
IDYA $5M 0.39%
QDEL $5M 0.37%
ETON $4M 0.30%

Sold Out Positions

SymbolValue% Port
TEVA —%
LIVN —%
SNY —%
PTGX —%
SRPT —%
HOLX —%
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