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Asset Manager ← All Institutions

ADAR1 Capital Management, LLC

Q3 2025 · Filed 2025-11-14
Market Value
$942M
+68.0%
Holdings
201
+21
New Purchases
41
Added To
59
Closed
32
Reduced
41
Top 10 Concentration
54.8%
Turnover
36.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ABVX 12.17% 4.19% +7.98% $115M
IMVT 3.83% 1.53% +2.31% $36M
ETNB 3.30% 1.53% +1.76% $31M
ROIV 5.37% 3.90% +1.48% $51M
SPY 3.87% 2.50% +1.37% $36M
LXEO 1.08% 0.10% +0.98% $10M
ADGI 0.86% 0.00% +0.86% $8M
MTSR 0.85% 0.00% +0.85% $8M
EQ 0.84% 0.00% +0.84% $8M
QURE 0.83% 0.00% +0.83% $8M
CRNX 1.10% 0.27% +0.83% $10M
SEPN 2.35% 1.60% +0.75% $22M
JANX 0.91% 0.26% +0.65% $9M
REGN 0.94% 0.31% +0.62% $9M
BBOT 0.62% 0.00% +0.62% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KROS 9.05% 12.82% -3.78% $85M
BOXX 4.07% 6.77% -2.70% $38M
PTGX 6.97% 9.34% -2.37% $66M
ZLAB 3.12% 5.30% -2.18% $29M
PRTA 1.52% 3.65% -2.13% $14M
CGON 1.06% 2.42% -1.36% $10M
SAGE 0.00% 1.17% -1.17% $0
VERV 0.00% 0.94% -0.94% $0
BIL 1.32% 2.22% -0.90% $12M
SHY 0.00% 0.79% -0.79% $0
SVRA 0.75% 1.46% -0.71% $7M
XENE 0.81% 1.45% -0.64% $8M
ARDX 0.00% 0.64% -0.64% $0
THRD 0.00% 0.60% -0.60% $0
CNTA 0.14% 0.70% -0.56% $1M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 4 $39M 4.2%
Large Cap 29 $178M 18.9%
Mid Cap 46 $391M 41.5%
Small Cap 74 $307M 32.6%
Micro Cap 48 $27M 2.9%

Portfolio Analytics

Avg Market Cap
$18.6B
Median Market Cap
$1.3B
Avg P/E
32.3
Median P/E
25.5
Avg Dividend Yield
0.04%
Avg Beta
0.82
# Stocks
196
# ETFs / Funds
5

Top Holdings (201 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ABVX 12.17% 1,350,826 $115M $84.90 $91M -1,720,514 -56.0%
2 KROS 9.05% 5,389,264 $85M $15.82 $13M
3 PTGX 6.97% 989,182 $66M $66.43 $13M +41,113 +4.3%
4 ROIV 5.37% 3,347,501 $51M $15.13 $29M +1,406,704 +72.5%
5 BOXX 4.07% 337,125 $38M $113.86 $398K
6 SPY 3.87% 54,684 $36M $666.18 $22M +32,000 +141.1%
7 IMVT 3.83% 2,241,753 $36M $16.12 $28M +1,706,687 +319.0%
8 ETNB 3.30% 2,113,153 $31M $14.70 $22M +1,237,170 +141.2%
9 ZLAB 3.12% 868,780 $29M $33.89 -$297K +18,343 +2.2%
10 CYTK 3.03% 518,921 $29M $54.96 $9M -63,226 -10.9%
11 SEPN 2.35% 1,176,491 $22M $18.81 $13M +329,264 +38.9%
12 PRTA 1.52% 1,469,098 $14M $9.76 -$6M -1,905,911 -56.5%
13 BBIO 1.51% 273,414 $14M $51.94 $3M +13,755 +5.3%
14 ABUS 1.40% 2,903,226 $13M $4.54 $4M +77,453 +2.7%
15 RAPT 1.39% 507,771 $13M $25.79 $7M -275,446 -35.2%
16 CTMX 1.37% 4,045,414 $13M $3.19 $6M +964,000 +31.3%
17 BIL 1.32% 135,585 $12M $91.75 $3K
18 AMLX 1.25% 866,202 $12M $13.59 $4M -338,899 -28.1%
19 BIOA 1.17% 1,880,073 $11M $5.88 $3M -57,050 -3.0%
20 CRNX 1.10% 248,368 $10M $41.65 $9M +195,243 +367.5%
21 LXEO 1.08% 1,531,953 $10M $6.64 $10M +1,386,844 +955.7%
22 CGON 1.06% 248,917 $10M $40.28 -$4M -274,299 -52.4%
23 TSHA 0.98% 2,835,680 $9M $3.27 $2M -174,190 -5.8%
24 REGN 0.94% 15,700 $9M $562.27 $7M +12,339 +367.1%
25 IONS 0.93% 133,818 $9M $65.42 $3M -14,643 -9.9%
26 JANX 0.91% 351,032 $9M $24.44 $7M +288,944 +465.4%
27 ADGI 0.86% 7,370,987 $8M $1.10 +7,370,987 NEW
28 MTSR 0.85% 152,521 $8M $52.33 +152,521 NEW
29 EQ 0.84% 5,559,988 $8M $1.43 +5,559,988 NEW
30 QURE 0.83% 133,316 $8M $58.37 +133,316 NEW
31 PCVX 0.81% 213,064 $8M $36.02 $4M +115,032 +117.3%
32 RZLT 0.81% 815,975 $8M $9.40 $3M -173,322 -17.5%
33 XENE 0.81% 189,098 $8M $40.15 -$530K -70,405 -27.1%
34 SVRA 0.75% 1,988,288 $7M $3.57 -$1M -1,612,382 -44.8%
35 SRPT 0.72% 349,807 $7M $19.27 $3M +139,494 +66.3%
36 RVMD 0.69% 139,136 $6M $46.70 $2M +5,000 +3.7%
37 YCY 0.65% 578,359 $6M $10.52 $58K
38 BBOT 0.62% 501,228 $6M $11.58 +501,228 NEW
39 VRNA 0.58% 51,450 $5M $106.71 $3M +23,000 +80.8%
40 TEVA 0.57% 267,816 $5M $20.20 -$387K -78,062 -22.6%
41 RYTM 0.53% 49,571 $5M $100.99 $2M +4,181 +9.2%
42 ATAI 0.51% 913,242 $5M $5.29 +913,242 NEW
43 UTHR 0.50% 11,200 $5M $419.21 +11,200 NEW
44 VKTX 0.49% 175,919 $5M $26.28 $3M +108,106 +159.4%
45 REPL 0.44% 978,894 $4M $4.19 $4M +968,494 +9312.4%
46 NKTR 0.43% 72,007 $4M $56.90 $4M +56,211 +355.9%
47 ESTA 0.39% 90,688 $4M $40.99 $3M +65,688 +262.8%
48 SNY 0.37% 74,212 $4M $47.20 $3M +64,212 +642.1%
49 KRYS 0.35% 18,523 $3M $176.53 +18,523 NEW
50 FULC 0.33% 341,612 $3M $9.20 $3M +288,263 +540.3%
51 MRUS 0.33% 33,313 $3M $94.15 $2M +15,000 +81.9%
52 MLYS 0.31% 78,238 $3M $37.92 -$1M -223,887 -74.1%
53 CLDX 0.30% 109,442 $3M $25.87 $2M +51,976 +90.5%
54 VRTX 0.29% 7,000 $3M $391.64 +7,000 NEW
55 ACLX 0.27% 31,484 $3M $82.10 $2M +17,522 +125.5%
56 BIIB 0.27% 18,000 $3M $140.08 $2M +12,900 +252.9%
57 DCTH 0.26% 224,385 $2M $10.75 $381K +75,000 +50.2%
58 RNAM 0.25% 53,656 $2M $43.57 +53,656 NEW
59 MDGL 0.24% 4,895 $2M $458.66 $2M +3,841 +364.4%
60 MASI 0.23% 15,000 $2M $147.55 +15,000 NEW
61 VRDN 0.23% 101,704 $2M $21.58 -$190K -68,894 -40.4%
62 SMMT 0.23% 102,969 $2M $20.66 $2M +90,969 +758.1%
63 CDTX 0.22% 21,522 $2M $95.76 $1M
64 RGNX 0.21% 205,409 $2M $9.65 $276K -2,409 -1.2%
65 KRRO 0.20% 40,235 $2M $47.89 $1M -28,580 -41.5%
66 RCKT 0.20% 575,800 $2M $3.26 $1M +300,000 +108.8%
67 OABI 0.19% 1,090,628 $2M $1.60 $1M +764,520 +234.4%
68 ARWR 0.18% 49,800 $2M $34.49 $845K -5,400 -9.8%
69 DVAX 0.18% 170,000 $2M $9.93 $2K
70 ALKS 0.18% 56,200 $2M $30.00 $399K +11,200 +24.9%
71 GLUE 0.17% 215,752 $2M $7.41 +215,752 NEW
72 MRK 0.17% 18,540 $2M $83.93 $999K +11,500 +163.3%
73 ABOS 0.16% 891,183 $2M $1.71 $461K -25,000 -2.7%
74 XNCR 0.16% 128,865 $2M $11.73 $837K +43,039 +50.1%
75 AGIO 0.16% 37,000 $1M $40.14 $291K +1,100 +3.1%
76 ATXS 0.15% 193,934 $1M $7.28 $74K -55,712 -22.3%
77 CNTA 0.14% 53,666 $1M $24.25 -$3M -243,100 -81.9%
78 CRTX 0.13% 775,034 $1M $1.63 $1M +632,076 +442.1%
79 PFE 0.12% 44,400 $1M $25.48 $176K +5,000 +12.7%
80 MLTX 0.12% 151,495 $1M $7.17 -$533K +117,181 +341.5%
81 GRCE 0.11% 350,450 $1M $2.98 $519K +173,823 +98.4%
82 NUVL 0.11% 11,842 $1M $86.48 $121K
83 BSAAU 0.11% 100,000 $1M $10.16 $12K
84 EA 0.11% 4,936 $996K $201.70 +4,936 NEW
85 BNTX 0.10% 10,000 $986K $98.62 +10,000 NEW
86 CTNM 0.10% 77,961 $916K $11.75 $254K -88,838 -53.3%
87 AVR 0.09% 197,615 $889K $4.50 -$1M -333,900 -62.8%
88 TECX 0.09% 56,007 $879K $15.69 -$582K -17,498 -23.8%
89 WVE 0.09% 119,067 $872K $7.32 $125K +4,253 +3.7%
90 PHVS 0.09% 34,124 $851K $24.95 $251K
91 LLY 0.08% 1,000 $763K $763.00 $373K +500 +100.0%
92 LRMR 0.08% 235,689 $761K $3.23 $75K -1,916 -0.8%
93 SRRK 0.08% 20,087 $748K $37.24 -$657K -19,590 -49.4%
94 DNLI 0.08% 51,516 $748K $14.52 $248K +15,800 +44.2%
95 ACRS 0.08% 373,682 $710K $1.90 +373,682 NEW
96 LITS 0.08% 292,397 $708K $2.42 +292,397 NEW
97 ARVN 0.07% 82,591 $704K $8.52 -$244K -46,176 -35.9%
98 URGN 0.07% 35,000 $698K $19.95 $561K +25,000 +250.0%
99 SUPN 0.07% 14,418 $689K $47.79 +14,418 NEW
100 DAY 0.07% 10,000 $689K $68.89 +10,000 NEW

Options Breakdown

16 Calls $19M Call Value 5 Puts $34M Put Value 1.81 P/C Ratio

Top Calls

SymbolSharesValueStatus
QURE 200,000 $12M NEW
YCY 405,089 $4M NEW
URGN 40,000 $798K NEW
FULC 75,000 $690K NEW
NVCR 30,000 $388K NEW
DYN 20,000 $253K
OLMA 25,000 $245K NEW
REPL 50,000 $210K NEW
GOSS 55,100 $145K NEW
MLTX 17,000 $122K NEW

Top Puts

SymbolSharesValueStatus
SPY 45,500 $30M
XBI 40,000 $4M NEW
ATYR 222,500 $161K
NKTR $0 SOLD
INMB $0 SOLD

New Positions

SymbolValue% Port
ADGI $8M 0.86%
MTSR $8M 0.85%
EQ $8M 0.84%
QURE $8M 0.83%
BBOT $6M 0.62%
ATAI $5M 0.51%
UTHR $5M 0.50%
KRYS $3M 0.35%
VRTX $3M 0.29%
RNAM $2M 0.25%
MASI $2M 0.23%
GLUE $2M 0.17%
EA $996K 0.11%
BNTX $986K 0.10%
ACRS $710K 0.08%

Sold Out Positions

SymbolValue% Port
ELDN —%
ARGX —%
ARDX —%
AVXL —%
DSGN —%
KYMR —%
BOLT —%
ALDX —%
ALEC —%
AUPH —%
CRMD —%
RNXT —%
STTK —%
OKUR —%
RLMD —%
View SEC EDGAR Filings for ADAR1 Capital Management, LLC →

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