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Deep Track Capital, LP

Q3 2025 · Filed 2025-11-14
Market Value
$3.5B
+15.5%
Holdings
71
+2
New Purchases
12
Added To
12
Closed
21
Reduced
17
Top 10 Concentration
53.3%
Turnover
46.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CYTK 6.68% 3.94% +2.74% $236M
TARS 5.04% 2.31% +2.73% $178M
EXAS 1.55% 0.00% +1.55% $55M
LBRX 1.50% 0.00% +1.50% $53M
MAZE 2.89% 1.58% +1.31% $102M
APLS 5.12% 3.96% +1.16% $181M
ETNB 3.89% 3.05% +0.84% $138M
VRDN 3.28% 2.46% +0.83% $116M
QURE 0.80% 0.00% +0.80% $28M
PCVX 3.05% 2.28% +0.77% $108M
MBX 1.56% 0.82% +0.74% $55M
ORKA 1.44% 0.70% +0.74% $51M
IONS 7.04% 6.31% +0.73% $249M
DYN 0.72% 0.00% +0.72% $25M
TERN 1.59% 0.91% +0.68% $56M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
INSM 0.00% 5.75% -5.75% $0
PTGX 3.22% 5.86% -2.64% $114M
RARE 0.00% 1.60% -1.60% $0
DNTH 0.00% 1.36% -1.36% $0
DVAX 4.41% 5.76% -1.35% $156M
AUTL 0.12% 1.25% -1.14% $4M
MTSR 0.00% 1.02% -1.02% $0
TECX 0.00% 0.91% -0.91% $0
ABVX 0.00% 0.87% -0.87% $0
NRIX 1.58% 2.26% -0.67% $56M
IMVT 4.43% 4.96% -0.53% $157M
UPB 0.00% 0.52% -0.52% $0
MRUS 0.00% 0.47% -0.47% $0
OCUL 3.94% 4.33% -0.39% $139M
GERN 1.59% 1.98% -0.39% $56M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 8 $751M 21.2%
Mid Cap 24 $1.7B 47.9%
Small Cap 31 $1.1B 30.2%
Micro Cap 8 $24M 0.7%

Portfolio Analytics

Avg Market Cap
$3.8B
Median Market Cap
$1.8B
Avg P/E
20.5
Median P/E
19.3
Avg Dividend Yield
—%
Avg Beta
0.95
# Stocks
71
# ETFs / Funds
0

Top Holdings (71 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GH 7.34% 4,154,086 $260M $62.48 $38M -95,914 -2.3%
2 IONS 7.04% 3,808,144 $249M $65.42 $56M -1,083,400 -22.1%
3 CYTK 6.68% 4,300,000 $236M $54.96 $116M +650,000 +17.8%
4 AKRO 5.37% 4,000,978 $190M $47.48 $28M +958,380 +31.5%
5 APLS 5.12% 8,000,382 $181M $22.63 $60M +1,000,382 +14.3%
6 TARS 5.04% 3,000,000 $178M $59.43 $107M +1,250,000 +71.4%
7 IMVT 4.43% 9,728,845 $157M $16.12 $5M +228,845 +2.4%
8 DVAX 4.41% 15,726,349 $156M $9.93 -$20M -2,065,137 -11.6%
9 OCUL 3.94% 11,932,137 $139M $11.69 $7M -2,362,283 -16.5%
10 ETNB 3.89% 9,356,171 $138M $14.70 $44M -143,829 -1.5%
11 GPCR 3.34% 4,215,811 $118M $28.00 $12M -918,106 -17.9%
12 VRDN 3.28% 5,380,449 $116M $21.58 $41M
13 PTGX 3.22% 1,715,691 $114M $66.43 -$65M -1,530,208 -47.1%
14 AXSM 3.09% 900,000 $109M $121.45 $26M +98,629 +12.3%
15 PCVX 3.05% 3,000,000 $108M $36.02 $38M +850,000 +39.5%
16 MAZE 2.89% 3,948,910 $102M $25.93 $54M
17 IMCR 1.85% 1,800,000 $65M $36.33 $9M
18 BBIO 1.76% 1,200,000 $62M $51.94 $23M +300,000 +33.3%
19 GERN 1.59% 41,096,522 $56M $1.37 -$4M -1,903,478 -4.4%
20 TERN 1.59% 7,495,000 $56M $7.51 $28M
21 NRIX 1.58% 6,057,024 $56M $9.24 -$13M -7,886 -0.1%
22 MBX 1.56% 3,150,000 $55M $17.50 $30M +961,408 +43.9%
23 EXAS 1.55% 1,000,000 $55M $54.71 +1,000,000 NEW
24 LBRX 1.50% 3,352,804 $53M $15.79 +3,352,804 NEW
25 CLDX 1.46% 2,000,000 $52M $25.87 $11M
26 ORKA 1.44% 2,654,781 $51M $19.23 $30M +735,983 +38.4%
27 XENE 1.36% 1,200,000 $48M $40.15 $6M -150,000 -11.1%
28 CMPS 1.27% 7,859,648 $45M $5.73 $20M -971,359 -11.0%
29 ANIP 1.17% 450,000 $41M $91.60 -$4M -250,000 -35.7%
30 BCAX 1.08% 2,426,657 $38M $15.79 $16M
31 OLMA 0.96% 3,470,172 $34M $9.79 $19M +27,339 +0.8%
32 CDTX 0.81% 300,000 $29M $95.76 $17M +50,000 +20.0%
33 QURE 0.80% 483,092 $28M $58.37 +483,092 NEW
34 DYN 0.72% 2,000,000 $25M $12.65 +2,000,000 NEW
35 JBIO 0.56% 2,279,892 $20M $8.63 -$5M -229,409 -9.1%
36 RAPT 0.55% 751,422 $19M $25.79 $13M
37 GHRS 0.51% 1,250,000 $18M $14.30 -$7M -750,000 -37.5%
38 GMAB 0.42% 481,267 $15M $30.67 +481,267 NEW
39 TNGX 0.35% 1,454,562 $12M $8.40 +1,454,562 NEW
40 CNTX 0.20% 7,419,355 $7M $0.97 $2M
41 IMA 0.20% 878,516 $7M $8.15 +878,516 NEW
42 XNCR 0.18% 549,439 $6M $11.73 $2M
43 CYBN 0.17% 1,000,000 $6M $5.89 -$7M -529,987 -34.6%
44 CRMD 0.16% 500,000 $6M $11.63 +500,000 NEW
45 PEPG 0.16% 1,200,000 $6M $4.62 +1,200,000 NEW
46 AUTL 0.12% 2,568,613 $4M $1.63 -$34M -14,283,534 -84.8%
47 XFOR 0.11% 1,122,484 $4M $3.42 +1,122,484 NEW
48 ACAD 0.06% 105,085 $2M $21.34 +105,085 NEW
49 BMRN 0.04% 24,856 $1M $54.16 +24,856 NEW
50 CLYM 0.03% 509,789 $1M $2.01 -$265K -530,326 -51.0%
51 MTSR —% -$31M -1,094,408 -100.0% SOLD
52 KRRO —% -$3M -277,966 -100.0% SOLD
53 SEPN —% -$1M -121,716 -100.0% SOLD
54 ADGI —% -$6M -8,585,980 -100.0% SOLD
55 RARE —% -$49M -1,350,000 -100.0% SOLD
56 RAPP —% -$1M -98,237 -100.0% SOLD
57 CNTA —% -$7M -500,000 -100.0% SOLD
58 IKNA —% -$3M -2,515,513 -100.0% SOLD
59 DNTH —% -$42M -2,233,148 -100.0% SOLD
60 BCYC —% -$8M -1,203,244 -100.0% SOLD
61 INSM —% -$176M -1,750,000 -100.0% SOLD
62 SYRE —% -$3M -219,015 -100.0% SOLD
63 NVAX —% -$6M -998,542 -100.0% SOLD
64 MRUS —% -$14M -275,000 -100.0% SOLD
65 UPB —% -$16M -1,442,767 -100.0% SOLD
66 PLRX —% -$5M -3,947,807 -100.0% SOLD
67 ABVX —% -$27M -3,480,144 -100.0% SOLD
68 OKUR —% -$431K -180,510 -100.0% SOLD
69 TECX —% -$28M -1,401,938 -100.0% SOLD
70 SRPT —% -$4M -259,800 -100.0% SOLD
71 GBM.F —% -$4M -1,981,370 -100.0% SOLD

Options Breakdown

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

Top Puts

SymbolSharesValueStatus
SRPT $0 SOLD

New Positions

SymbolValue% Port
EXAS $55M 1.55%
LBRX $53M 1.50%
QURE $28M 0.80%
DYN $25M 0.72%
GMAB $15M 0.42%
TNGX $12M 0.35%
IMA $7M 0.20%
CRMD $6M 0.16%
PEPG $6M 0.16%
XFOR $4M 0.11%
ACAD $2M 0.06%
BMRN $1M 0.04%

Sold Out Positions

SymbolValue% Port
BCYC —%
KRRO —%
CNTA —%
ABVX —%
NVAX —%
RAPP —%
DNTH —%
OKUR —%
RARE —%
INSM —%
SYRE —%
TECX —%
UPB —%
SRPT —%
PLRX —%
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