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BRAIDWELL LP

Q2 2025 · Filed 2025-08-14
Market Value
$2.0B
+10.7%
Holdings
51
-11
New Purchases
4
Added To
13
Closed
11
Reduced
15
Top 10 Concentration
54.8%
Turnover
29.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CAI 9.83% 0.00% +9.83% $195M
NUVL 4.51% 3.32% +1.19% $90M
KRYS 5.03% 4.02% +1.01% $100M
SION 0.94% 0.00% +0.94% $19M
UNH 0.78% 0.00% +0.78% $15M
GMED 0.73% 0.00% +0.73% $15M
INSP 3.41% 2.68% +0.73% $68M
XENE 5.68% 5.06% +0.61% $113M
CSTL 0.85% 0.41% +0.44% $17M
EWTX 3.44% 3.01% +0.42% $68M
RGEN 0.90% 0.58% +0.33% $18M
ADPT 2.26% 1.99% +0.28% $45M
CELC 0.59% 0.50% +0.10% $12M
ARGX 5.39% 5.30% +0.09% $107M
ALGN 4.73% 4.69% +0.04% $94M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BPMC 0.00% 2.17% -2.17% $0
BCAX 0.00% 1.57% -1.57% $0
TMDX 1.72% 3.20% -1.48% $34M
LEGN 4.54% 5.63% -1.09% $90M
APLS 0.98% 2.01% -1.04% $19M
GH 2.19% 3.15% -0.96% $44M
IRTC 2.32% 3.24% -0.92% $46M
DAWN 0.71% 1.56% -0.85% $14M
SRPT 0.00% 0.83% -0.83% $0
TMO 2.76% 3.54% -0.78% $55M
REPL 0.20% 0.79% -0.60% $4M
IRWD 0.00% 0.54% -0.54% $0
DYN 1.57% 2.11% -0.54% $31M
DHR 3.07% 3.53% -0.46% $61M
CGEM 0.00% 0.41% -0.41% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $15M 0.8%
Large Cap 10 $622M 31.3%
Mid Cap 23 $1.1B 56.2%
Small Cap 14 $231M 11.6%
Micro Cap 3 $2M 0.1%

Portfolio Analytics

Avg Market Cap
$20.6B
Median Market Cap
$3.6B
Avg P/E
42.3
Median P/E
29.4
Avg Dividend Yield
0.00%
Avg Beta
0.85
# Stocks
51
# ETFs / Funds
0

Top Holdings (51 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CAI 9.83% 7,316,142 $195M $26.72 +7,316,142 NEW
2 NBIX 7.34% 1,160,425 $146M $125.69 $14M -31,500 -2.6%
3 XENE 5.68% 3,605,029 $113M $31.30 $22M +895,154 +33.0%
4 ARGX 5.39% 194,491 $107M $551.22 $12M +33,642 +20.9%
5 KRYS 5.03% 727,811 $100M $137.46 $28M +327,067 +81.6%
6 ALGN 4.73% 496,730 $94M $189.33 $10M -33,800 -6.4%
7 LEGN 4.54% 2,542,104 $90M $35.49 -$11M -435,847 -14.6%
8 NUVL 4.51% 1,175,876 $90M $76.30 $30M +334,931 +39.8%
9 CGON 4.29% 3,283,317 $85M $26.00 $5M
10 EWTX 3.44% 5,210,831 $68M $13.11 $14M +2,752,023 +111.9%
11 INSP 3.41% 522,410 $68M $129.77 $20M +220,000 +72.8%
12 GKOS 3.13% 603,414 $62M $103.29 $870K -21,021 -3.4%
13 DHR 3.07% 309,339 $61M $197.54 -$2M
14 TMO 2.76% 135,233 $55M $405.46 -$9M +7,500 +5.9%
15 ISRG 2.45% 89,600 $49M $543.41 $5M +1,600 +1.8%
16 IRTC 2.32% 300,029 $46M $153.96 -$12M -256,362 -46.1%
17 ADPT 2.26% 3,863,107 $45M $11.65 $9M -940,687 -19.6%
18 GH 2.19% 837,800 $44M $52.04 -$13M -489,527 -36.9%
19 ATEC 2.03% 3,635,172 $40M $11.10 -$3M -624,257 -14.7%
20 SYRE 1.94% 2,578,404 $39M $14.97 -$3M
21 VKTX 1.92% 1,437,555 $38M $26.50 $3M +1,600 +0.1%
22 TMDX 1.72% 255,048 $34M $134.01 -$23M -599,836 -70.2%
23 PEN 1.67% 129,628 $33M $256.63 $4M +19,500 +17.7%
24 DYN 1.57% 3,273,349 $31M $9.52 -$7M -347,995 -9.6%
25 HROW 1.34% 872,246 $27M $30.54 $1M -84,593 -8.8%
26 KIDS 1.20% 1,107,770 $24M $21.48 -$3M
27 MRVI 1.01% 8,353,287 $20M $2.41 $2M
28 APLS 0.98% 1,121,034 $19M $17.31 -$17M -531,300 -32.1%
29 SION 0.94% 1,081,855 $19M $17.35 +1,081,855 NEW
30 MDGL 0.93% 60,781 $18M $302.64 $2M +12,091 +24.8%
31 RGEN 0.90% 144,556 $18M $124.38 $8M +62,900 +77.0%
32 ORKA 0.86% 1,524,842 $17M $11.21 $960K -47,584 -3.0%
33 CSTL 0.85% 822,735 $17M $20.42 $9M +457,488 +125.2%
34 UNH 0.78% 49,400 $15M $311.97 +49,400 NEW
35 GMED 0.73% 247,200 $15M $59.02 +247,200 NEW
36 DAWN 0.71% 2,181,598 $14M $6.50 -$14M -1,355,255 -38.3%
37 XNCR 0.65% 1,655,690 $13M $7.86 -$5M
38 CELC 0.59% 884,306 $12M $13.35 $3M
39 REPL 0.20% 422,887 $4M $9.29 -$10M -1,038,939 -71.1%
40 LUNG 0.10% 752,541 $2M $2.59 -$3M
41 AVTE —% -$4M -1,440,499 -100.0% SOLD
42 BBNX —% -$2M -140,000 -100.0% SOLD
43 AARD —% -$4M -500,000 -100.0% SOLD
44 SRPT —% -$15M -234,500 -100.0% SOLD
45 IRWD —% -$10M -6,622,584 -100.0% SOLD
46 BPMC —% -$39M -439,968 -100.0% SOLD
47 DNTH —% -$7M -375,355 -100.0% SOLD
48 MTSR —% -$5M -175,000 -100.0% SOLD
49 BCAX —% -$28M -2,162,803 -100.0% SOLD
50 TRVI —% -$453K -72,083 -100.0% SOLD
51 CGEM —% -$7M -980,773 -100.0% SOLD

New Positions

SymbolValue% Port
CAI $195M 9.83%
SION $19M 0.94%
UNH $15M 0.78%
GMED $15M 0.73%

Sold Out Positions

SymbolValue% Port
AARD —%
BCAX —%
BBNX —%
IRWD —%
CGEM —%
DNTH —%
SRPT —%
TRVI —%
MTSR —%
BPMC —%
AVTE —%
View SEC EDGAR Filings for BRAIDWELL LP →

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