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Deep Track Capital, LP

Q2 2025 · Filed 2025-08-14
Market Value
$3.1B
+1.0%
Holdings
69
-1
New Purchases
6
Added To
18
Closed
10
Reduced
18
Top 10 Concentration
53.4%
Turnover
23.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
INSM 5.75% 0.64% +5.11% $176M
AXSM 2.73% 0.00% +2.73% $84M
IONS 6.31% 4.54% +1.77% $193M
PCVX 2.28% 0.93% +1.35% $70M
GPCR 3.48% 2.34% +1.14% $106M
PTGX 5.86% 4.79% +1.07% $179M
AKRO 5.30% 4.29% +1.01% $162M
OCUL 4.33% 3.46% +0.87% $133M
JBIO 0.82% 0.00% +0.82% $25M
ETNB 3.05% 2.23% +0.81% $93M
MRUS 0.47% 0.00% +0.47% $14M
IMCR 1.84% 1.38% +0.46% $56M
TERN 0.91% 0.51% +0.41% $28M
CDTX 0.40% 0.00% +0.40% $12M
MAZE 1.58% 1.19% +0.39% $48M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ITCI 0.00% 8.70% -8.70% $0
BBIO 1.27% 3.19% -1.92% $39M
DVAX 5.76% 7.61% -1.85% $176M
SRPT 0.15% 1.89% -1.75% $4M
AMGN 0.00% 1.16% -1.16% $0
EWTX 0.00% 1.02% -1.02% $0
DYN 0.00% 0.69% -0.69% $0
LKFT 0.00% 0.61% -0.61% $0
SAGE 0.00% 0.53% -0.53% $0
GH 7.22% 7.65% -0.43% $221M
IMVT 4.96% 5.36% -0.39% $152M
KRRO 0.11% 0.50% -0.39% $3M
SEPN 0.04% 0.37% -0.32% $1M
BEAM 0.00% 0.20% -0.20% $0
TARS 2.31% 2.52% -0.20% $71M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 7 $713M 23.3%
Mid Cap 24 $1.4B 45.5%
Small Cap 32 $939M 30.6%
Micro Cap 6 $17M 0.6%

Portfolio Analytics

Avg Market Cap
$6.1B
Median Market Cap
$1.8B
Avg P/E
27.2
Median P/E
25.3
Avg Dividend Yield
0.00%
Avg Beta
0.91
# Stocks
69
# ETFs / Funds
0

Top Holdings (69 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GH 7.22% 4,250,000 $221M $52.04 -$11M -1,193,721 -21.9%
2 IONS 6.31% 4,891,544 $193M $39.51 $56M +327,337 +7.2%
3 PTGX 5.86% 3,245,899 $179M $55.27 $34M +245,899 +8.2%
4 DVAX 5.76% 17,791,486 $176M $9.92 -$54M
5 INSM 5.75% 1,750,000 $176M $100.64 $157M +1,495,249 +587.0%
6 AKRO 5.30% 3,042,598 $162M $53.36 $32M -167,672 -5.2%
7 IMVT 4.96% 9,500,000 $152M $16.00 -$10M
8 OCUL 4.33% 14,294,420 $133M $9.28 $28M
9 APLS 3.96% 7,000,000 $121M $17.31 $12M +2,000,000 +40.0%
10 CYTK 3.94% 3,650,000 $121M $33.04 -$3M +576,147 +18.7%
11 GPCR 3.48% 5,133,917 $106M $20.74 $36M +1,033,917 +25.2%
12 ETNB 3.05% 9,500,000 $93M $9.82 $26M +183,667 +2.0%
13 AXSM 2.73% 801,371 $84M $104.39 +801,371 NEW
14 VRDN 2.46% 5,380,449 $75M $13.98 $3M
15 TARS 2.31% 1,750,000 $71M $40.51 -$5M +265,734 +17.9%
16 PCVX 2.28% 2,150,000 $70M $32.51 $42M +1,400,000 +186.7%
17 NRIX 2.26% 6,064,910 $69M $11.39 $4M +564,910 +10.3%
18 GERN 1.98% 43,000,000 $61M $1.41 -$70K +4,823,749 +12.6%
19 IMCR 1.84% 1,800,000 $56M $31.38 $15M +388,598 +27.5%
20 RARE 1.60% 1,350,000 $49M $36.36 $202K
21 MAZE 1.58% 3,948,910 $48M $12.27 $12M +679,784 +20.8%
22 ANIP 1.49% 700,000 $46M $65.25 -$1M
23 XENE 1.38% 1,350,000 $42M $31.30 $9M +350,000 +35.0%
24 DNTH 1.36% 2,233,148 $42M $18.63 -$1M -124,554 -5.3%
25 CLDX 1.33% 2,000,000 $41M $20.35 $4M
26 BBIO 1.27% 900,000 $39M $43.18 -$58M -1,900,000 -67.9%
27 AUTL 1.25% 16,852,147 $38M $2.28 $11M -997,335 -5.6%
28 MTSR 1.02% 1,094,408 $31M $28.45 $1M
29 TERN 0.91% 7,495,000 $28M $3.73 $13M +1,918,442 +34.4%
30 TECX 0.91% 1,401,938 $28M $19.87 $3M
31 ABVX 0.87% 3,480,144 $27M $7.65 $4M -99,065 -2.8%
32 JBIO 0.82% 2,509,301 $25M $9.99 +2,509,301 NEW
33 MBX 0.82% 2,188,592 $25M $11.41 $3M -830,343 -27.5%
34 CMPS 0.81% 8,831,007 $25M $2.80 -$612K -28,641 -0.3%
35 GHRS 0.80% 2,000,000 $24M $12.19 $2M
36 BCAX 0.74% 2,426,657 $23M $9.29 -$4M +426,657 +21.3%
37 ORKA 0.70% 1,918,798 $22M $11.21 $7M +474,089 +32.8%
38 UPB 0.52% 1,442,767 $16M $10.98 $2M -856,800 -37.3%
39 OLMA 0.48% 3,442,833 $15M $4.26 $2M
40 MRUS 0.47% 275,000 $14M $52.60 +275,000 NEW
41 CYBN 0.42% 1,529,987 $13M $8.39 $3M
42 CDTX 0.40% 250,000 $12M $48.71 +250,000 NEW
43 BCYC 0.27% 1,203,244 $8M $6.95 $2M +436,228 +56.9%
44 CNTA 0.21% 500,000 $7M $13.14 +500,000 NEW
45 NVAX 0.21% 998,542 $6M $6.30 -$3M -519,640 -34.2%
46 ADGI 0.20% 8,585,980 $6M $0.72 $254K -1,136,274 -11.7%
47 RAPT 0.20% 751,422 $6M $8.00 +751,422 NEW
48 CNTX 0.16% 7,419,355 $5M $0.66 $321K
49 PLRX 0.15% 3,947,807 $5M $1.16 -$3M -1,451,874 -26.9%
50 SRPT 0.15% 259,800 $4M $17.10 -$53M -639,931 -71.1%
51 XNCR 0.14% 549,439 $4M $7.86 -$2M
52 GBM.F 0.13% 1,981,370 $4M $2.04 -$1M -1,137,792 -36.5%
53 KRRO 0.11% 277,966 $3M $12.49 -$12M -596,648 -68.2%
54 IKNA 0.11% 2,515,513 $3M $1.34 $151K
55 SYRE 0.11% 219,015 $3M $14.97 -$255K
56 CLYM 0.04% 1,040,115 $1M $1.24 $21K
57 SEPN 0.04% 121,716 $1M $10.57 -$10M -1,791,213 -93.6%
58 RAPP 0.04% 98,237 $1M $11.37 -$3M -359,319 -78.5%
59 OKUR 0.01% 180,510 $431K $2.39 -$2M -343,479 -65.5%
60 ALLK —% -$2M -7,232,701 -100.0% SOLD
61 AMGN —% -$35M -113,035 -100.0% SOLD
62 ITCI —% -$264M -2,000,000 -100.0% SOLD
63 NGNE —% -$1M -116,660 -100.0% SOLD
64 RGLS —% -$6M -3,262,564 -100.0% SOLD
65 BEAM —% -$6M -315,765 -100.0% SOLD
66 SAGE —% -$16M -2,038,845 -100.0% SOLD
67 EWTX —% -$31M -1,400,000 -100.0% SOLD
68 DYN —% -$21M -2,000,000 -100.0% SOLD
69 LKFT —% -$19M -741,068 -100.0% SOLD

Options Breakdown

0 Calls $0 Call Value 1 Puts $8M Put Value

Top Puts

SymbolSharesValueStatus
SRPT 450,000 $8M NEW

New Positions

SymbolValue% Port
AXSM $84M 2.73%
JBIO $25M 0.82%
MRUS $14M 0.47%
CDTX $12M 0.40%
CNTA $7M 0.21%
RAPT $6M 0.20%

Sold Out Positions

SymbolValue% Port
LKFT —%
EWTX —%
DYN —%
AMGN —%
BEAM —%
NGNE —%
SAGE —%
RGLS —%
ALLK —%
ITCI —%
View SEC EDGAR Filings for Deep Track Capital, LP →

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