— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

ADAR1 Capital Management, LLC

Q4 2025 · Filed 2026-02-18
Market Value
$1.2B
+32.4%
Holdings
233
+32
New Purchases
64
Added To
68
Closed
21
Reduced
40
Top 10 Concentration
49.3%
Turnover
36.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RNAM 3.16% 0.25% +2.91% $39M
ABVX 14.24% 12.17% +2.07% $178M
TERN 1.75% 0.01% +1.75% $22M
IMVT 5.06% 3.83% +1.22% $63M
CLDX 1.41% 0.30% +1.11% $18M
IVA 1.01% 0.00% +1.01% $13M
CDTX 1.06% 0.22% +0.84% $13M
FULC 1.14% 0.33% +0.80% $14M
TFX 0.79% 0.00% +0.79% $10M
ABUS 2.09% 1.40% +0.69% $26M
ESTA 1.00% 0.39% +0.61% $12M
ROIV 5.96% 5.37% +0.59% $74M
OVID 0.56% 0.00% +0.56% $7M
REPL 0.97% 0.44% +0.53% $12M
MAZE 0.60% 0.07% +0.52% $7M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KROS 0.03% 9.05% -9.02% $384K
ETNB 0.00% 3.30% -3.30% $0
ZLAB 1.76% 3.12% -1.36% $22M
BIOA 0.14% 1.17% -1.03% $2M
BOXX 3.11% 4.07% -0.96% $39M
SPY 2.99% 3.87% -0.88% $37M
MTSR 0.00% 0.85% -0.85% $0
RZLT 0.01% 0.81% -0.81% $91K
SRPT 0.05% 0.72% -0.67% $621K
JANX 0.27% 0.91% -0.64% $3M
VRNA 0.00% 0.58% -0.58% $0
UTHR 0.07% 0.50% -0.42% $926K
VKTX 0.07% 0.49% -0.42% $932K
PRTA 1.12% 1.52% -0.41% $14M
BBOT 0.23% 0.62% -0.39% $3M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 4 $39M 3.1%
Large Cap 37 $265M 21.3%
Mid Cap 49 $560M 44.9%
Small Cap 83 $312M 25.0%
Micro Cap 60 $71M 5.7%

Portfolio Analytics

Avg Market Cap
$19.6B
Median Market Cap
$1.2B
Avg P/E
29.3
Median P/E
20.8
Avg Dividend Yield
0.00%
Avg Beta
0.87
# Stocks
228
# ETFs / Funds
5

Top Holdings (233 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ABVX 14.24% 1,317,329 $178M $134.85 $63M -33,497 -2.5%
2 PTGX 7.35% 1,049,168 $92M $87.34 $26M +59,986 +6.1%
3 ROIV 5.96% 3,428,962 $74M $21.70 $24M +81,461 +2.4%
4 IMVT 5.06% 2,480,968 $63M $25.42 $27M +239,215 +10.7%
5 RNAM 3.16% 546,534 $39M $72.13 $37M +492,878 +918.6%
6 BOXX 3.11% 337,125 $39M $115.10 $418K
7 SPY 2.99% 54,684 $37M $681.92 $861K
8 CYTK 2.75% 540,166 $34M $63.54 $6M +21,245 +4.1%
9 SEPN 2.59% 1,157,611 $32M $27.88 $10M -18,880 -1.6%
10 ABUS 2.09% 5,415,109 $26M $4.81 $13M +2,511,883 +86.5%
11 ZLAB 1.76% 1,246,520 $22M $17.64 -$7M +377,740 +43.5%
12 TERN 1.75% 541,615 $22M $40.40 $22M +531,615 +5316.1%
13 CTMX 1.43% 4,182,769 $18M $4.26 $5M +137,355 +3.4%
14 CLDX 1.41% 646,767 $18M $27.16 $15M +537,325 +491.0%
15 RAPT 1.38% 509,679 $17M $33.87 $4M +1,908 +0.4%
16 BBIO 1.31% 213,414 $16M $76.49 $2M -60,000 -21.9%
17 PCVX 1.17% 315,642 $15M $46.14 $7M +102,578 +48.1%
18 CRNX 1.15% 309,368 $14M $46.55 $4M +61,000 +24.6%
19 FULC 1.14% 1,253,749 $14M $11.31 $11M +912,137 +267.0%
20 PRTA 1.12% 1,457,764 $14M $9.55 -$417K -11,334 -0.8%
21 LXEO 1.11% 1,393,161 $14M $9.93 $4M -138,792 -9.1%
22 TSHA 1.10% 2,495,809 $14M $5.50 $4M -339,871 -12.0%
23 CDTX 1.06% 59,677 $13M $220.89 $11M +38,155 +177.3%
24 IVA 1.01% 2,709,846 $13M $4.65 +2,709,846 NEW
25 ESTA 1.00% 171,422 $12M $72.88 $9M +80,734 +89.0%
26 BIL 0.99% 135,585 $12M $91.38 -$50K
27 REPL 0.97% 1,241,322 $12M $9.72 $8M +262,428 +26.8%
28 IONS 0.93% 147,130 $12M $79.11 $3M +13,312 +9.9%
29 RVMD 0.93% 145,079 $12M $79.65 $5M +5,943 +4.3%
30 AMLX 0.86% 890,356 $11M $12.08 -$1M +24,154 +2.8%
31 CGON 0.86% 258,139 $11M $41.52 $692K +9,222 +3.7%
32 TFX 0.79% 80,627 $10M $122.04 +80,627 NEW
33 ADGI 0.77% 3,899,397 $10M $2.47 $2M -3,471,590 -47.1%
34 REGN 0.75% 12,051 $9M $771.87 $474K -3,649 -23.2%
35 XENE 0.73% 203,969 $9M $44.82 $2M +14,871 +7.9%
36 EQ 0.70% 5,608,078 $9M $1.55 $742K +48,090 +0.9%
37 SVRA 0.68% 1,405,452 $8M $6.03 $1M -582,836 -29.3%
38 MAZE 0.60% 179,532 $7M $41.43 $7M +153,487 +589.3%
39 TEVA 0.59% 235,971 $7M $31.21 $2M -31,845 -11.9%
40 OVID 0.56% 4,285,000 $7M $1.63 $7M +4,272,154 +33256.7%
41 BLTE 0.51% 39,839 $6M $159.96 +39,839 NEW
42 VRTX 0.50% 13,716 $6M $453.36 $3M +6,716 +95.9%
43 BHF 0.50% 95,523 $6M $64.79 $6M +85,523 +855.2%
44 AVR 0.50% 1,238,777 $6M $4.99 $5M +1,041,162 +526.9%
45 YCY 0.49% 578,359 $6M $10.67 $87K
46 TARA 0.49% 1,136,799 $6M $5.33 $6M +1,101,576 +3127.4%
47 DHR 0.47% 25,600 $6M $228.92 +25,600 NEW
48 CLYM 0.46% 1,432,475 $6M $4.00 $5M +1,298,945 +972.8%
49 QURE 0.45% 235,155 $6M $23.93 -$2M +101,839 +76.4%
50 RYTM 0.44% 51,349 $5M $107.04 $490K +1,778 +3.6%
51 AGIO 0.41% 188,000 $5M $27.22 $4M +151,000 +408.1%
52 SPRB 0.40% 58,000 $5M $87.11 +58,000 NEW
53 MLYS 0.40% 136,231 $5M $36.29 $2M +57,993 +74.1%
54 KRYS 0.40% 20,014 $5M $246.54 $2M +1,491 +8.1%
55 SPRY 0.35% 369,569 $4M $11.65 $4M +310,339 +524.0%
56 BIIB 0.34% 24,300 $4M $175.99 $2M +6,300 +35.0%
57 AEXA 0.33% 357,539 $4M $11.39 $4M +307,539 +615.1%
58 ARWR 0.31% 58,200 $4M $66.39 $2M +8,400 +16.9%
59 ATAI 0.30% 913,242 $4M $4.09 -$1M
60 CRVS 0.29% 465,875 $4M $7.70 +465,875 NEW
61 JANX 0.27% 245,452 $3M $13.80 -$5M -105,580 -30.1%
62 GLUE 0.27% 215,752 $3M $15.68 $2M
63 CTNM 0.26% 278,961 $3M $11.43 $2M +201,000 +257.8%
64 EVMN 0.25% 184,062 $3M $17.12 +184,062 NEW
65 SNY 0.25% 63,474 $3M $48.46 -$427K -10,738 -14.5%
66 SRRK 0.25% 69,589 $3M $44.05 $2M +49,502 +246.4%
67 NKTR 0.24% 72,031 $3M $42.28 -$1M +24 +0.0%
68 IWM 0.24% 12,070 $3M $246.16 +12,070 NEW
69 OKUR 0.24% 1,014,158 $3M $2.90 +1,014,158 NEW
70 URGN 0.24% 125,375 $3M $23.42 $2M +90,375 +258.2%
71 LONA 0.23% 393,701 $3M $7.34 +393,701 NEW
72 BBOT 0.23% 226,248 $3M $12.52 -$3M -274,980 -54.9%
73 ELDN 0.22% 1,821,812 $3M $1.51 +1,821,812 NEW
74 DVAX 0.21% 170,000 $3M $15.38 $926K
75 GBM.F 0.21% 1,485,008 $3M $1.74 +1,485,008 NEW
76 VRDN 0.19% 77,198 $2M $31.12 $208K -24,506 -24.1%
77 PHVS 0.19% 85,528 $2M $27.75 $2M +51,404 +150.6%
78 0SZI.L 0.19% 286,781 $2M $8.14 $2M +276,581 +2711.6%
79 ATXS 0.18% 173,557 $2M $13.09 $860K -20,377 -10.5%
80 DCTH 0.18% 224,385 $2M $10.10 -$146K
81 EWTX 0.18% 90,999 $2M $24.81 $2M +50,999 +127.5%
82 GRCE 0.18% 641,988 $2M $3.46 $1M +291,538 +83.2%
83 RGNX 0.17% 144,848 $2M $14.40 $104K -60,561 -29.5%
84 ACLX 0.16% 31,484 $2M $65.20 -$532K
85 OLMA 0.16% 81,399 $2M $25.00 $2M +45,199 +124.9%
86 MASI 0.16% 15,000 $2M $130.06 -$262K
87 CYBN 0.16% 238,390 $2M $8.18 $2M +205,112 +616.4%
88 ABOS 0.15% 891,183 $2M $2.11 $356K
89 ACRS 0.15% 613,986 $2M $3.01 $1M +240,304 +64.3%
90 PFE 0.14% 72,400 $2M $24.90 $671K +28,000 +63.1%
91 BIOA 0.14% 135,560 $2M $13.23 -$9M -1,744,513 -92.8%
92 ALKS 0.14% 63,700 $2M $27.98 $96K +7,500 +13.3%
93 GMED 0.14% 20,100 $2M $87.31 +20,100 NEW
94 ALEC 0.14% 1,108,000 $2M $1.56 +1,108,000 NEW
95 RCKT 0.13% 475,800 $2M $3.51 -$207K -100,000 -17.4%
96 SMMT 0.13% 91,869 $2M $17.49 -$521K -11,100 -10.8%
97 SUPN 0.12% 29,742 $1M $49.70 $789K +15,324 +106.3%
98 INSP 0.11% 15,000 $1M $92.23 $938K +9,000 +150.0%
99 NRIX 0.11% 72,070 $1M $18.97 $1M +40,870 +131.0%
100 JAZZ 0.11% 8,000 $1M $170.00 $1M +5,500 +220.0%

Options Breakdown

17 Calls $11M Call Value 9 Puts $12M Put Value 1.09 P/C Ratio

Top Calls

SymbolSharesValueStatus
YCY 405,089 $4M
GUTS 1,428,571 $3M NEW
URGN 40,000 $937K
FULC 65,000 $735K
QURE 30,000 $718K
CTMX 100,000 $426K NEW
REPL 25,000 $243K
RARE 10,000 $230K NEW
DYN 10,000 $196K
GBM.F 75,500 $131K NEW

Top Puts

SymbolSharesValueStatus
IWM 27,500 $7M NEW
AQST 254,000 $2M NEW
GOSS 463,200 $1M NEW
OMER 75,000 $1M NEW
LQDA 24,500 $845K NEW
CRTX 80,000 $268K NEW
ATYR $0 SOLD
SPY $0 SOLD
XBI $0 SOLD

New Positions

SymbolValue% Port
IVA $13M 1.01%
TFX $10M 0.79%
BLTE $6M 0.51%
DHR $6M 0.47%
SPRB $5M 0.40%
CRVS $4M 0.29%
EVMN $3M 0.25%
IWM $3M 0.24%
OKUR $3M 0.24%
LONA $3M 0.23%
ELDN $3M 0.22%
GBM.F $3M 0.21%
GMED $2M 0.14%
ALEC $2M 0.14%
TNGX $1M 0.10%

Sold Out Positions

SymbolValue% Port
LLY —%
ALMS —%
KRRO —%
LENZ —%
CYPH —%
GPCR —%
IFRX —%
HRMY —%
MLTX —%
NERV —%
ANSC —%
RARE —%
GUTS —%
WVE —%
SAVA —%
View SEC EDGAR Filings for ADAR1 Capital Management, LLC →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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