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Asset Manager ← All Institutions

Soleus Capital Management, L.P.

Q3 2025 · Filed 2025-11-14
Market Value
$1.8B
+30.9%
Holdings
99
+10
New Purchases
16
Added To
26
Closed
22
Reduced
29
Top 10 Concentration
50.7%
Turnover
38.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ANTM 4.77% 2.03% +2.74% $84M
FOLD 2.10% 0.00% +2.10% $37M
INSP 3.07% 1.05% +2.02% $54M
TWST 2.98% 0.97% +2.01% $53M
TGTX 7.89% 6.01% +1.88% $139M
MDGL 1.78% 0.18% +1.60% $31M
ANIP 1.77% 0.25% +1.52% $31M
TERN 3.47% 2.27% +1.20% $61M
ARGX 2.91% 1.76% +1.15% $51M
NBIX 1.10% 0.00% +1.10% $19M
CDTX 2.69% 1.68% +1.01% $47M
SNDX 1.76% 0.76% +1.00% $31M
BLTE 0.88% 0.00% +0.88% $16M
RAPT 0.79% 0.00% +0.79% $14M
KRYS 10.22% 9.44% +0.78% $180M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
STAA 0.76% 3.73% -2.96% $13M
GRFS 1.41% 3.87% -2.46% $25M
ALNY 0.40% 2.59% -2.19% $7M
NVCR 7.08% 9.14% -2.06% $125M
UNH 0.00% 2.00% -2.00% $0
SRDX 0.00% 1.74% -1.74% $0
URGN 0.77% 2.23% -1.46% $14M
HUM 0.00% 1.45% -1.45% $0
BMRN 2.74% 3.69% -0.95% $48M
EOLS 0.51% 1.45% -0.95% $9M
UTHR 3.57% 4.48% -0.91% $63M
THTX 0.00% 0.84% -0.84% $0
NRIX 1.27% 2.05% -0.78% $22M
ENOV 0.00% 0.73% -0.73% $0
VCYT 0.82% 1.44% -0.62% $14M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $0 0.0%
Large Cap 13 $324M 18.4%
Mid Cap 31 $863M 49.0%
Small Cap 44 $533M 30.3%
Micro Cap 10 $41M 2.3%

Portfolio Analytics

Avg Market Cap
$10.4B
Median Market Cap
$1.9B
Avg P/E
38.9
Median P/E
21.6
Avg Dividend Yield
0.09%
Avg Beta
0.92
# Stocks
99
# ETFs / Funds
0

Top Holdings (99 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 KRYS 10.22% 1,018,831 $180M $176.53 $53M +95,873 +10.4%
2 TGTX 7.89% 3,844,731 $139M $36.12 $58M +1,600,796 +71.3%
3 NVCR 7.08% 9,644,872 $125M $12.92 $2M +2,740,570 +39.7%
4 ANTM 4.77% 259,650 $84M $323.12 $57M +189,650 +270.9%
5 BBNX 4.37% 3,870,158 $77M $19.87 $21M +50,000 +1.3%
6 UTHR 3.57% 150,000 $63M $419.21 $3M -59,794 -28.5%
7 TERN 3.47% 8,127,100 $61M $7.51 $31M -40,000 -0.5%
8 CELC 3.31% 1,178,860 $58M $49.40 $18M -1,832,958 -60.9%
9 INSP 3.07% 728,188 $54M $74.20 $40M +619,188 +568.1%
10 TWST 2.98% 1,866,234 $53M $28.14 $39M +1,511,833 +426.6%
11 ARGX 2.91% 69,426 $51M $737.56 $28M +26,550 +61.9%
12 ORGO 2.91% 12,131,699 $51M $4.22 $6M -211,652 -1.7%
13 BMRN 2.74% 890,304 $48M $54.16 -$1M -12,000 -1.3%
14 CDTX 2.69% 493,811 $47M $95.76 $25M +31,000 +6.7%
15 FOLD 2.10% 4,690,000 $37M $7.88 +4,690,000 NEW
16 MDGL 1.78% 68,336 $31M $458.66 $29M +60,336 +754.2%
17 ANIP 1.77% 340,243 $31M $91.60 $28M +289,500 +570.5%
18 SNDX 1.76% 2,012,110 $31M $15.38 $21M +920,000 +84.2%
19 AXGN 1.75% 1,726,553 $31M $17.84 $15M +267,158 +18.3%
20 NPCE 1.73% 2,957,957 $30M $10.31 $5M +645,000 +27.9%
21 GRFS 1.41% 2,500,000 $25M $9.96 -$27M -3,256,805 -56.6%
22 GERN 1.35% 17,290,000 $24M $1.37 $930K +1,150,000 +7.1%
23 NRIX 1.27% 2,422,833 $22M $9.24 -$5M
24 IART 1.17% 1,440,818 $21M $14.33 $4M +53,000 +3.8%
25 NBIX 1.10% 138,000 $19M $140.38 +138,000 NEW
26 ANAB 1.09% 626,040 $19M $30.62 $12M +305,000 +95.0%
27 EDAP 0.95% 7,309,254 $17M $2.29 $5M
28 PHVS 0.92% 647,052 $16M $24.95 $3M -85,916 -11.7%
29 VCEL 0.89% 497,953 $16M $31.47 $14M +447,000 +877.3%
30 CCCC 0.89% 7,053,942 $16M $2.22 $6M +75,000 +1.1%
31 BLTE 0.88% 210,000 $16M $74.00 +210,000 NEW
32 VCYT 0.82% 422,055 $14M $34.33 -$5M -293,384 -41.0%
33 RAPT 0.79% 537,903 $14M $25.79 +537,903 NEW
34 URGN 0.77% 679,000 $14M $19.95 -$16M -1,506,000 -68.9%
35 STAA 0.76% 500,000 $13M $26.87 -$37M -2,484,733 -83.2%
36 SION 0.69% 413,500 $12M $29.41 $6M +37,500 +10.0%
37 CGON 0.66% 290,000 $12M $40.28 $8M +135,000 +87.1%
38 QURE 0.66% 200,000 $12M $58.37 +200,000 NEW
39 QDEL 0.63% 375,000 $11M $29.45 $6M +201,000 +115.5%
40 MIRM 0.62% 148,696 $11M $73.31 -$4M -150,000 -50.2%
41 ADMA 0.61% 738,000 $11M $14.66 $8M +563,000 +321.7%
42 GMED 0.57% 176,000 $10M $57.27 +176,000 NEW
43 GSK 0.54% 220,000 $9M $43.16 +220,000 NEW
44 RIGL 0.53% 330,010 $9M $28.33 -$3M -328,135 -49.9%
45 EOLS 0.51% 1,450,000 $9M $6.14 -$11M -669,000 -31.6%
46 0LOV.L 0.47% 935,909 $8M $8.83 $4M
47 ACLX 0.47% 100,000 $8M $82.10 $108K -23,031 -18.7%
48 NUVL 0.43% 88,000 $8M $86.48 -$2M -37,000 -29.6%
49 ALNY 0.40% 15,250 $7M $456.00 -$28M -91,500 -85.7%
50 JBIO 0.39% 796,744 $7M $8.63 -$1M
51 LBRX 0.36% 400,000 $6M $15.79 +400,000 NEW
52 OLMA 0.34% 619,874 $6M $9.79 +619,874 NEW
53 ESTA 0.32% 139,512 $6M $40.99 -$3M -72,388 -34.2%
54 MBX 0.27% 275,000 $5M $17.50 +275,000 NEW
55 ERAS 0.27% 2,162,162 $5M $2.18 $2M
56 ETON 0.25% 200,000 $4M $21.73 $285K -85,000 -29.8%
57 CBLL 0.24% 360,000 $4M $11.49 $3M +310,000 +620.0%
58 HROW 0.23% 85,498 $4M $48.18 +85,498 NEW
59 GUTS 0.23% 2,500,000 $4M $1.59 +2,500,000 NEW
60 AKRO 0.19% 71,000 $3M $47.48 -$471K -1,000 -1.4%
61 IDYA 0.15% 100,000 $3M $27.21 -$3M -150,000 -60.0%
62 TNGX 0.14% 300,000 $3M $8.40 -$1M -430,000 -58.9%
63 RAPP 0.13% 80,000 $2M $29.70 +80,000 NEW
64 KIDS 0.13% 128,000 $2M $18.53 $1M +83,000 +184.4%
65 IOVA 0.12% 976,707 $2M $2.17 -$3M -2,285,000 -70.1%
66 CALC 0.12% 683,904 $2M $3.08 $849K -100,000 -12.8%
67 MNKD 0.09% 300,000 $2M $5.37 +300,000 NEW
68 LQDA 0.06% 50,000 $1M $22.74 +50,000 NEW
69 EPIX 0.05% 4,362,026 $833K $0.19 -$3M +2,100,000 +92.8%
70 MYO 0.04% 704,275 $628K $0.89 -$893K
71 MREO 0.04% 299,711 $617K $2.06 -$1M -300,000 -50.0%
72 TECX 0.02% 25,000 $392K $15.69 -$1M -51,841 -67.5%
73 INSM 0.02% 2,550 $367K $144.01 -$7M -70,222 -96.5%
74 SEPN 0.02% 18,260 $343K $18.81 -$454K -57,196 -75.8%
75 KOD 0.02% 19,644 $322K $16.37 +19,644 NEW
76 TRVI 0.01% 25,000 $229K $9.15 -$4M -675,000 -96.4%
77 DCTH 0.01% 10,000 $108K $10.75 -$232K -15,000 -60.0%
78 XENE —% -$2M -78,800 -100.0% SOLD
79 UNH —% -$27M -86,250 -100.0% SOLD
80 BCYC —% -$695K -100,000 -100.0% SOLD
81 CTMX —% -$3M -1,304,300 -100.0% SOLD
82 EWTX —% -$1M -76,493 -100.0% SOLD
83 MRUS —% -$2M -40,000 -100.0% SOLD
84 SKIN —% -$2M -1,000,000 -100.0% SOLD
85 ENOV —% -$10M -315,000 -100.0% SOLD
86 AXSM —% -$209K -2,000 -100.0% SOLD
87 OFIX —% -$3M -261,147 -100.0% SOLD
88 TNDM —% -$4M -200,000 -100.0% SOLD
89 DNLI —% -$3M -182,110 -100.0% SOLD
90 ABVX —% -$956K -125,000 -100.0% SOLD
91 SRRK —% -$4M -125,000 -100.0% SOLD
92 HUM —% -$19M -79,600 -100.0% SOLD
93 ADPT —% -$116K -10,000 -100.0% SOLD
94 WGS —% -$4M -40,000 -100.0% SOLD
95 IOBT —% -$268K -192,670 -100.0% SOLD
96 THTX —% -$11M -4,801,376 -100.0% SOLD
97 SRDX —% -$23M -789,060 -100.0% SOLD
98 RVMD —% -$368K -10,000 -100.0% SOLD
99 YMAB —% -$2M -349,982 -100.0% SOLD

Options Breakdown

0 Calls $0 Call Value 1 Puts $115M Put Value

Top Puts

SymbolSharesValueStatus
XBI 1,150,000 $115M

New Positions

SymbolValue% Port
FOLD $37M 2.10%
NBIX $19M 1.10%
BLTE $16M 0.88%
RAPT $14M 0.79%
QURE $12M 0.66%
GMED $10M 0.57%
GSK $9M 0.54%
LBRX $6M 0.36%
OLMA $6M 0.34%
MBX $5M 0.27%
HROW $4M 0.23%
GUTS $4M 0.23%
RAPP $2M 0.13%
MNKD $2M 0.09%
LQDA $1M 0.06%

Sold Out Positions

SymbolValue% Port
HUM —%
ENOV —%
UNH —%
BCYC —%
ADPT —%
EWTX —%
AXSM —%
DNLI —%
CTMX —%
ABVX —%
RVMD —%
OFIX —%
XENE —%
SRRK —%
TNDM —%
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