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Octagon Capital Advisors LP

Q4 2025 · Filed 2026-02-17
Market Value
$727M
+20.2%
Holdings
29
-2
New Purchases
5
Added To
1
Closed
7
Reduced
8
Top 10 Concentration
75.6%
Turnover
41.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
COGT 11.47% 6.82% +4.66% $83M
ALMS 3.40% 0.00% +3.40% $25M
BIOA 2.91% 0.00% +2.91% $21M
RAPT 2.67% 0.00% +2.67% $19M
KYMR 5.72% 3.37% +2.36% $42M
LXEO 2.35% 0.00% +2.35% $17M
TSHA 6.70% 4.90% +1.80% $49M
CDTX 3.04% 1.58% +1.45% $22M
EVMN 1.18% 0.00% +1.18% $9M
TRVI 4.84% 4.26% +0.59% $35M
KALV 2.83% 2.56% +0.26% $21M
PEPG 0.63% 0.53% +0.09% $5M
UNCY 0.79% 0.72% +0.07% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MRUS 0.00% 4.79% -4.79% $0
ABVX 14.02% 18.58% -4.57% $102M
APLS 0.00% 3.38% -3.38% $0
DNTH 13.69% 15.71% -2.02% $100M
NUVB 0.00% 1.61% -1.61% $0
GOSS 5.93% 7.41% -1.48% $43M
0SZI.L 1.07% 2.33% -1.26% $8M
MAZE 0.00% 0.76% -0.76% $0
CNTA 2.58% 3.33% -0.75% $19M
NGNE 0.00% 0.72% -0.72% $0
OCUL 4.38% 5.07% -0.69% $32M
AVBP 5.45% 6.01% -0.56% $40M
GPCR 0.00% 0.53% -0.53% $0
PHVS 2.56% 2.98% -0.42% $19M
BBOT 1.80% 2.00% -0.20% $13M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mid Cap 11 $427M 58.8%
Small Cap 13 $239M 32.8%
Micro Cap 5 $61M 8.4%

Portfolio Analytics

Avg Market Cap
$2.4B
Median Market Cap
$1.4B
Avg P/E
38.8
Median P/E
38.8
Avg Dividend Yield
—%
Avg Beta
0.83
# Stocks
29
# ETFs / Funds
0

Top Holdings (29 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ABVX 14.02% 756,000 $102M $134.85 -$11M -569,000 -42.9%
2 DNTH 13.69% 2,416,667 $100M $41.21 $4M
3 COGT 11.47% 2,350,000 $83M $35.52 $42M -524,111 -18.2%
4 TSHA 6.70% 8,859,911 $49M $5.50 $19M -207,589 -2.3%
5 GOSS 5.93% 13,915,371 $43M $3.10 -$2M -3,134,629 -18.4%
6 KYMR 5.72% 535,000 $42M $77.81 $21M +175,000 +48.6%
7 AVBP 5.45% 1,971,054 $40M $20.12 $3M
8 TRVI 4.84% 2,815,000 $35M $12.52 $9M
9 OCUL 4.38% 2,623,600 $32M $12.14 $1M -400 -0.0%
10 ALMS 3.40% 2,530,700 $25M $9.76 +2,530,700 NEW
11 CDTX 3.04% 100,000 $22M $220.89 $13M
12 BIOA 2.91% 1,598,000 $21M $13.23 +1,598,000 NEW
13 KALV 2.83% 1,273,333 $21M $16.15 $5M
14 RAPT 2.67% 574,000 $19M $33.87 +574,000 NEW
15 CNTA 2.58% 750,000 $19M $25.01 -$1M -80,000 -9.6%
16 PHVS 2.56% 671,465 $19M $27.75 $604K -51,130 -7.1%
17 LXEO 2.35% 1,725,000 $17M $9.93 +1,725,000 NEW
18 BBOT 1.80% 1,043,110 $13M $12.52 $981K
19 EVMN 1.18% 500,000 $9M $17.12 +500,000 NEW
20 0SZI.L 1.07% 955,000 $8M $8.14 -$6M -160,000 -14.3%
21 UNCY 0.79% 1,000,000 $6M $5.77 $1M
22 PEPG 0.63% 700,000 $5M $6.51 $1M
23 APLS —% -$20M -903,500 -100.0% SOLD
24 MAZE —% -$5M -177,667 -100.0% SOLD
25 NUVB-WT —% -$385K -104,112 -100.0% SOLD
26 MRUS —% -$29M -308,000 -100.0% SOLD
27 GPCR —% -$3M -115,000 -100.0% SOLD
28 NGNE —% -$4M -252,000 -100.0% SOLD
29 NUVB —% -$10M -2,633,334 -100.0% SOLD

New Positions

SymbolValue% Port
ALMS $25M 3.40%
BIOA $21M 2.91%
RAPT $19M 2.67%
LXEO $17M 2.35%
EVMN $9M 1.18%

Sold Out Positions

SymbolValue% Port
NUVB —%
MAZE —%
GPCR —%
NGNE —%
NUVB-WT —%
APLS —%
MRUS —%
View SEC EDGAR Filings for Octagon Capital Advisors LP →

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