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BRAIDWELL LP

Q4 2025 · Filed 2026-02-17
Market Value
$2.4B
+7.1%
Holdings
77
+15
New Purchases
20
Added To
12
Closed
16
Reduced
26
Top 10 Concentration
40.1%
Turnover
46.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KOD 2.40% 0.00% +2.40% $58M
CNTA 2.26% 0.00% +2.26% $55M
BTSG 1.85% 0.00% +1.85% $45M
NRIX 1.71% 0.00% +1.71% $41M
NEO 2.25% 0.61% +1.65% $54M
EWTX 5.35% 3.74% +1.60% $129M
GKOS 4.30% 2.82% +1.49% $104M
ILMN 1.46% 0.00% +1.46% $35M
CLDX 2.09% 0.68% +1.41% $50M
FULC 1.43% 0.09% +1.34% $35M
MBX 1.33% 0.00% +1.33% $32M
RAPT 1.30% 0.00% +1.30% $31M
NTRA 1.06% 0.00% +1.06% $26M
VERA 1.64% 0.61% +1.03% $40M
TERN 0.96% 0.00% +0.96% $23M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
XENE 3.38% 6.41% -3.03% $82M
CGON 3.21% 5.86% -2.65% $78M
KRYS 2.06% 4.07% -2.01% $50M
DHR 1.12% 2.72% -1.60% $27M
LEGN 1.17% 2.64% -1.47% $28M
ARGX 1.08% 2.49% -1.41% $26M
GMED 0.00% 1.26% -1.26% $0
THC 0.00% 1.09% -1.09% $0
CAI 8.72% 9.80% -1.09% $211M
ORKA 0.11% 1.18% -1.07% $3M
NBIX 4.41% 5.47% -1.07% $107M
EXAS 0.00% 1.00% -1.00% $0
AKRO 0.00% 1.00% -1.00% $0
ATEC 0.00% 0.98% -0.98% $0
VKTX 0.00% 0.88% -0.88% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 19 $554M 22.9%
Mid Cap 31 $1.3B 55.6%
Small Cap 22 $432M 17.9%
Micro Cap 5 $87M 3.6%

Portfolio Analytics

Avg Market Cap
$13.0B
Median Market Cap
$3.6B
Avg P/E
42.3
Median P/E
27.2
Avg Dividend Yield
0.00%
Avg Beta
0.96
# Stocks
77
# ETFs / Funds
0

Top Holdings (77 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CAI 8.72% 7,816,142 $211M $26.98 -$10M +500,000 +6.8%
2 EWTX 5.35% 5,210,831 $129M $24.81 $45M
3 NBIX 4.41% 751,534 $107M $141.83 -$17M -128,748 -14.6%
4 GKOS 4.30% 921,979 $104M $112.91 $40M +141,815 +18.2%
5 NUVL 3.42% 821,406 $83M $100.59 -$5M -191,576 -18.9%
6 XENE 3.38% 1,825,076 $82M $44.82 -$63M -1,779,953 -49.4%
7 CGON 3.21% 1,870,571 $78M $41.52 -$55M -1,412,746 -43.0%
8 HNGE 2.51% 1,304,623 $61M $46.45 $16M +394,147 +43.3%
9 ALGN 2.46% 381,004 $59M $156.15 $8M -28,687 -7.0%
10 KOD 2.40% 2,072,788 $58M $27.96 +2,072,788 NEW
11 CNTA 2.26% 2,188,320 $55M $25.01 +2,188,320 NEW
12 NEO 2.25% 4,632,801 $54M $11.76 $41M +2,861,655 +161.6%
13 ACAD 2.24% 2,032,021 $54M $26.71 $4M -346,634 -14.6%
14 SYRE 2.21% 1,634,615 $54M $32.76 $10M -943,789 -36.6%
15 DNTH 2.17% 1,273,935 $52M $41.21 $20M +438,878 +52.6%
16 CLDX 2.09% 1,858,109 $50M $27.16 $35M +1,266,420 +214.0%
17 INSP 2.06% 540,890 $50M $92.23 -$16M -342,857 -38.8%
18 KRYS 2.06% 202,101 $50M $246.54 -$42M -318,300 -61.2%
19 ISRG 1.95% 83,417 $47M $566.36 -$11M -46,810 -35.9%
20 TMO 1.93% 80,725 $47M $579.45 -$8M -33,208 -29.1%
21 BTSG 1.85% 1,195,786 $45M $37.45 +1,195,786 NEW
22 CVS 1.85% 564,200 $45M $79.36 $12M +125,600 +28.6%
23 NRIX 1.71% 2,183,864 $41M $18.97 +2,183,864 NEW
24 VERA 1.64% 784,742 $40M $50.64 $26M +312,003 +66.0%
25 IRTC 1.59% 217,345 $39M $177.44 -$277K -8,500 -3.8%
26 TMDX 1.59% 315,341 $38M $121.65 -$1M -35,907 -10.2%
27 BMRN 1.48% 601,520 $36M $59.43 $7M +73,520 +13.9%
28 ILMN 1.46% 269,673 $35M $131.16 +269,673 NEW
29 KYMR 1.46% 454,259 $35M $77.81 $20M +177,567 +64.2%
30 FULC 1.43% 3,061,222 $35M $11.31 $33M +2,841,734 +1294.7%
31 PEN 1.42% 110,152 $34M $310.91 -$2M -31,376 -22.2%
32 MBX 1.33% 1,018,600 $32M $31.54 +1,018,600 NEW
33 RAPT 1.30% 929,694 $31M $33.87 +929,694 NEW
34 CDNA 1.23% 1,585,220 $30M $18.84 -$2M -597,561 -27.4%
35 DYN 1.20% 1,478,329 $29M $19.56 -$6M -1,252,152 -45.9%
36 LEGN 1.17% 1,298,142 $28M $21.74 -$31M -528,013 -28.9%
37 MRVI 1.12% 8,353,287 $27M $3.25 $3M
38 DHR 1.12% 118,227 $27M $228.92 -$34M -191,112 -61.8%
39 ARGX 1.08% 31,007 $26M $840.95 -$30M -45,084 -59.2%
40 NTRA 1.06% 111,500 $26M $229.09 +111,500 NEW
41 TERN 0.96% 575,321 $23M $40.40 +575,321 NEW
42 EOLS 0.85% 3,105,209 $21M $6.65 +3,105,209 NEW
43 BIIB 0.84% 115,700 $20M $175.99 +115,700 NEW
44 KIDS 0.81% 1,100,370 $20M $17.76 -$984K -7,400 -0.7%
45 TECX 0.80% 927,524 $19M $20.86 $8M +190,657 +25.9%
46 VTYX 0.72% 1,920,255 $17M $9.03 +1,920,255 NEW
47 CMPX 0.62% 2,786,778 $15M $5.37 +2,786,778 NEW
48 GLUE 0.61% 948,316 $15M $15.68 +948,316 NEW
49 HROW 0.60% 295,291 $14M $49.00 -$2M -47,100 -13.8%
50 XFOR 0.56% 3,368,904 $13M $4.00 +3,368,904 NEW
51 RGEN 0.55% 81,790 $13M $163.86 -$13M -113,866 -58.2%
52 ICLR 0.55% 73,370 $13M $182.22 +73,370 NEW
53 GRAL 0.51% 142,755 $12M $85.59 +142,755 NEW
54 RLMD 0.32% 1,582,257 $8M $4.83 +1,582,257 NEW
55 XNCR 0.29% 459,166 $7M $15.31 -$8M -787,114 -63.2%
56 CSTL 0.28% 177,183 $7M $38.90 -$12M -645,552 -78.5%
57 ADPT 0.21% 311,991 $5M $16.24 -$6M -424,023 -57.6%
58 BLLN 0.17% 50,000 $4M $81.84 +50,000 NEW
59 ORKA 0.11% 84,795 $3M $30.31 -$24M -1,297,555 -93.9%
60 KPTI 0.09% 303,370 $2M $7.36 +303,370 NEW
61 LUNG 0.07% 752,541 $2M $2.21 $444K
62 RNAM —% -$14M -331,907 -100.0% SOLD
63 EXAS —% -$23M -414,600 -100.0% SOLD
64 EHC —% -$14M -113,335 -100.0% SOLD
65 SION —% -$9M -314,013 -100.0% SOLD
66 HTFL —% -$2M -50,000 -100.0% SOLD
67 DAWN —% -$15M -2,181,598 -100.0% SOLD
68 THC —% -$25M -121,700 -100.0% SOLD
69 SRPT —% -$16M -832,100 -100.0% SOLD
70 REPL —% -$12M -2,750,092 -100.0% SOLD
71 AMLX —% -$8M -612,841 -100.0% SOLD
72 VKTX —% -$20M -759,455 -100.0% SOLD
73 AKRO —% -$23M -475,400 -100.0% SOLD
74 ATEC —% -$22M -1,514,604 -100.0% SOLD
75 GMED —% -$29M -498,000 -100.0% SOLD
76 RPRX —% -$6M -182,068 -100.0% SOLD
77 RARE —% -$18M -588,700 -100.0% SOLD

New Positions

SymbolValue% Port
KOD $58M 2.40%
CNTA $55M 2.26%
BTSG $45M 1.85%
NRIX $41M 1.71%
ILMN $35M 1.46%
MBX $32M 1.33%
RAPT $31M 1.30%
NTRA $26M 1.06%
TERN $23M 0.96%
EOLS $21M 0.85%
BIIB $20M 0.84%
VTYX $17M 0.72%
CMPX $15M 0.62%
GLUE $15M 0.61%
XFOR $13M 0.56%

Sold Out Positions

SymbolValue% Port
GMED —%
EHC —%
THC —%
HTFL —%
AMLX —%
ATEC —%
VKTX —%
RARE —%
SION —%
RPRX —%
REPL —%
SRPT —%
DAWN —%
AKRO —%
RNAM —%
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