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BRAIDWELL LP

Q3 2025 · Filed 2025-11-14
Market Value
$2.3B
+13.5%
Holdings
62
+11
New Purchases
22
Added To
8
Closed
5
Reduced
16
Top 10 Concentration
47.7%
Turnover
43.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ACAD 2.25% 0.00% +2.25% $51M
HNGE 1.98% 0.00% +1.98% $45M
CGON 5.86% 4.29% +1.57% $132M
CVS 1.46% 0.00% +1.46% $33M
DNTH 1.46% 0.00% +1.46% $33M
CDNA 1.41% 0.00% +1.41% $32M
BMRN 1.27% 0.00% +1.27% $29M
THC 1.09% 0.00% +1.09% $25M
EXAS 1.00% 0.00% +1.00% $23M
AKRO 1.00% 0.00% +1.00% $23M
RARE 0.78% 0.00% +0.78% $18M
XENE 6.41% 5.68% +0.74% $145M
SRPT 0.71% 0.00% +0.71% $16M
KYMR 0.69% 0.00% +0.69% $16M
CLDX 0.68% 0.00% +0.68% $15M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ARGX 2.49% 5.39% -2.91% $56M
ALGN 2.27% 4.73% -2.46% $51M
GH 0.00% 2.19% -2.19% $0
LEGN 2.64% 4.54% -1.90% $60M
NBIX 5.47% 7.34% -1.86% $124M
ADPT 0.49% 2.26% -1.78% $11M
ATEC 0.98% 2.03% -1.05% $22M
VKTX 0.88% 1.92% -1.03% $20M
APLS 0.00% 0.98% -0.98% $0
KRYS 4.07% 5.03% -0.96% $92M
MDGL 0.00% 0.93% -0.93% $0
UNH 0.00% 0.78% -0.78% $0
NUVL 3.88% 4.51% -0.63% $88M
HROW 0.73% 1.34% -0.61% $16M
IRTC 1.72% 2.32% -0.60% $39M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $0 0.0%
Large Cap 17 $615M 27.2%
Mid Cap 28 $1.4B 60.0%
Small Cap 14 $272M 12.1%
Micro Cap 2 $15M 0.7%

Portfolio Analytics

Avg Market Cap
$20.5B
Median Market Cap
$4.3B
Avg P/E
38.9
Median P/E
28.9
Avg Dividend Yield
0.00%
Avg Beta
0.85
# Stocks
62
# ETFs / Funds
0

Top Holdings (62 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CAI 9.80% 7,316,142 $221M $30.25 $26M
2 XENE 6.41% 3,605,029 $145M $40.15 $32M
3 CGON 5.86% 3,283,317 $132M $40.28 $47M
4 NBIX 5.47% 880,282 $124M $140.38 -$22M -280,143 -24.1%
5 KRYS 4.07% 520,401 $92M $176.53 -$8M -207,410 -28.5%
6 NUVL 3.88% 1,012,982 $88M $86.48 -$2M -162,894 -13.8%
7 EWTX 3.74% 5,210,831 $85M $16.22 $16M
8 INSP 2.90% 883,747 $66M $74.20 -$2M +361,337 +69.2%
9 GKOS 2.82% 780,164 $64M $81.55 $1M +176,750 +29.3%
10 DHR 2.72% 309,339 $61M $198.26 $223K
11 LEGN 2.64% 1,826,155 $60M $32.61 -$31M -715,949 -28.2%
12 ISRG 2.58% 130,227 $58M $447.23 $10M +40,627 +45.3%
13 ARGX 2.49% 76,091 $56M $737.56 -$51M -118,400 -60.9%
14 TMO 2.45% 113,933 $55M $485.02 $428K -21,300 -15.8%
15 ALGN 2.27% 409,691 $51M $125.22 -$43M -87,039 -17.5%
16 ACAD 2.25% 2,378,655 $51M $21.34 +2,378,655 NEW
17 HNGE 1.98% 910,476 $45M $49.08 +910,476 NEW
18 SYRE 1.91% 2,578,404 $43M $16.76 $5M
19 TMDX 1.75% 351,248 $39M $112.20 $5M +96,200 +37.7%
20 IRTC 1.72% 225,845 $39M $171.99 -$7M -74,184 -24.7%
21 PEN 1.59% 141,528 $36M $253.32 $3M +11,900 +9.2%
22 DYN 1.53% 2,730,481 $35M $12.65 $3M -542,868 -16.6%
23 CVS 1.46% 438,600 $33M $75.39 +438,600 NEW
24 DNTH 1.46% 835,057 $33M $39.35 +835,057 NEW
25 CDNA 1.41% 2,182,781 $32M $14.54 +2,182,781 NEW
26 BMRN 1.27% 528,000 $29M $54.16 +528,000 NEW
27 GMED 1.26% 498,000 $29M $57.27 $14M +250,800 +101.5%
28 ORKA 1.18% 1,382,350 $27M $19.23 $9M -142,492 -9.3%
29 RGEN 1.16% 195,656 $26M $133.67 $8M +51,100 +35.4%
30 THC 1.09% 121,700 $25M $203.04 +121,700 NEW
31 MRVI 1.06% 8,353,287 $24M $2.87 $4M
32 EXAS 1.00% 414,600 $23M $54.71 +414,600 NEW
33 AKRO 1.00% 475,400 $23M $47.48 +475,400 NEW
34 ATEC 0.98% 1,514,604 $22M $14.54 -$18M -2,120,568 -58.3%
35 KIDS 0.91% 1,107,770 $21M $18.53 -$3M
36 VKTX 0.88% 759,455 $20M $26.28 -$18M -678,100 -47.2%
37 CSTL 0.83% 822,735 $19M $22.77 $2M
38 RARE 0.78% 588,700 $18M $30.08 +588,700 NEW
39 HROW 0.73% 342,391 $16M $48.18 -$10M -529,855 -60.8%
40 SRPT 0.71% 832,100 $16M $19.27 +832,100 NEW
41 KYMR 0.69% 276,692 $16M $56.60 +276,692 NEW
42 DAWN 0.68% 2,181,598 $15M $7.05 $1M
43 CLDX 0.68% 591,689 $15M $25.87 +591,689 NEW
44 XNCR 0.65% 1,246,280 $15M $11.73 $2M -409,410 -24.7%
45 RNAM 0.64% 331,907 $14M $43.57 +331,907 NEW
46 EHC 0.64% 113,335 $14M $127.02 +113,335 NEW
47 VERA 0.61% 472,739 $14M $29.06 +472,739 NEW
48 NEO 0.61% 1,771,146 $14M $7.72 +1,771,146 NEW
49 TECX 0.51% 736,867 $12M $15.69 +736,867 NEW
50 REPL 0.51% 2,750,092 $12M $4.19 $8M +2,327,205 +550.3%
51 ADPT 0.49% 736,014 $11M $14.96 -$34M -3,127,093 -81.0%
52 SION 0.41% 314,013 $9M $29.41 -$10M -767,842 -71.0%
53 AMLX 0.37% 612,841 $8M $13.59 +612,841 NEW
54 RPRX 0.28% 182,068 $6M $35.28 +182,068 NEW
55 FULC 0.09% 219,488 $2M $9.20 +219,488 NEW
56 HTFL 0.07% 50,000 $2M $33.66 +50,000 NEW
57 LUNG 0.05% 752,541 $1M $1.62 -$730K
58 CELC —% -$12M -884,306 -100.0% SOLD
59 GH —% -$44M -837,800 -100.0% SOLD
60 MDGL —% -$18M -60,781 -100.0% SOLD
61 UNH —% -$15M -49,400 -100.0% SOLD
62 APLS —% -$19M -1,121,034 -100.0% SOLD

New Positions

SymbolValue% Port
ACAD $51M 2.25%
HNGE $45M 1.98%
CVS $33M 1.46%
DNTH $33M 1.46%
CDNA $32M 1.41%
BMRN $29M 1.27%
THC $25M 1.09%
EXAS $23M 1.00%
AKRO $23M 1.00%
RARE $18M 0.78%
SRPT $16M 0.71%
KYMR $16M 0.69%
CLDX $15M 0.68%
RNAM $14M 0.64%
EHC $14M 0.64%

Sold Out Positions

SymbolValue% Port
UNH —%
GH —%
CELC —%
MDGL —%
APLS —%
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