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Vestal Point Capital, LP

Q4 2025 · Filed 2026-02-17
Market Value
$2.5B
+26.4%
Holdings
93
+6
New Purchases
20
Added To
21
Closed
29
Reduced
17
Top 10 Concentration
52.6%
Turnover
52.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TERN 7.15% 0.00% +7.15% $182M
ABVX 10.08% 4.22% +5.86% $256M
BMRN 7.01% 2.24% +4.78% $178M
MRK 3.21% 0.00% +3.21% $82M
ACLX 7.50% 5.10% +2.40% $191M
ARWR 2.35% 0.00% +2.35% $60M
TSHA 2.98% 0.89% +2.08% $76M
NRIX 3.50% 1.60% +1.90% $89M
OLMA 1.62% 0.00% +1.62% $41M
ANRO 1.74% 0.19% +1.55% $44M
ABT 2.96% 1.66% +1.29% $75M
DXCM 3.33% 2.17% +1.15% $85M
ELVN 2.32% 1.18% +1.14% $59M
DAWN 1.91% 0.94% +0.97% $48M
TYRA 2.51% 1.69% +0.82% $64M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NUVL 0.18% 4.73% -4.55% $5M
FOLD 0.00% 3.82% -3.82% $0
IONS 0.00% 3.50% -3.50% $0
BDX 0.00% 3.02% -3.02% $0
DNTH 0.00% 2.31% -2.31% $0
RGEN 0.54% 2.66% -2.12% $14M
CYTK 0.00% 1.98% -1.98% $0
BIIB 0.00% 1.92% -1.92% $0
CDTX 0.00% 1.90% -1.90% $0
ATXS 0.00% 1.79% -1.79% $0
DYN 0.09% 1.75% -1.65% $2M
BCAX 2.37% 4.00% -1.64% $60M
SRRK 1.21% 2.78% -1.56% $31M
CRNX 0.00% 1.55% -1.55% $0
DHR 0.00% 1.48% -1.48% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $82M 3.2%
Large Cap 21 $756M 29.7%
Mid Cap 29 $978M 38.5%
Small Cap 28 $698M 27.5%
Micro Cap 14 $28M 1.1%

Portfolio Analytics

Avg Market Cap
$16.6B
Median Market Cap
$2.3B
Avg P/E
33.2
Median P/E
24.1
Avg Dividend Yield
0.00%
Avg Beta
0.88
# Stocks
93
# ETFs / Funds
0

Top Holdings (93 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ABVX 10.08% 1,900,000 $256M $134.85 $171M +900,000 +90.0%
2 ACLX 7.50% 2,925,000 $191M $65.20 $88M +1,675,000 +134.0%
3 TERN 7.15% 4,500,000 $182M $40.40 +4,500,000 NEW
4 BMRN 7.01% 3,000,000 $178M $59.43 $133M +2,170,000 +261.4%
5 GMED 4.38% 1,275,000 $111M $87.31 $40M +25,000 +2.0%
6 NRIX 3.50% 4,690,000 $89M $18.97 $57M +1,215,000 +35.0%
7 ALC 3.43% 1,105,000 $87M $78.81 $5M +5,000 +0.5%
8 DXCM 3.33% 1,275,000 $85M $66.37 $41M +625,000 +96.2%
9 MRK 3.21% 775,000 $82M $105.26 +775,000 NEW
10 TSHA 2.98% 13,750,000 $76M $5.50 $58M +8,250,000 +150.0%
11 ABT 2.96% 600,000 $75M $125.29 $42M +350,000 +140.0%
12 IMTX 2.53% 6,125,000 $64M $10.50 $10M -225,000 -3.5%
13 TYRA 2.51% 2,425,000 $64M $26.29 $30M
14 BCAX 2.37% 3,575,000 $60M $16.83 -$20M -1,525,000 -29.9%
15 ARWR 2.35% 900,000 $60M $66.39 +900,000 NEW
16 ELVN 2.32% 3,830,000 $59M $15.40 $35M +2,670,000 +230.2%
17 IRON 2.30% 735,000 $58M $79.41 $25M +235,000 +47.0%
18 JAZZ 1.94% 290,000 $49M $170.00 -$17M -210,000 -42.0%
19 DAWN 1.91% 5,200,000 $48M $9.32 $30M +2,525,000 +94.4%
20 LXEO 1.75% 4,475,000 $44M $9.93 $23M +1,225,000 +37.7%
21 ANRO 1.74% 2,485,000 $44M $17.80 $40M +1,535,000 +161.6%
22 OLMA 1.62% 1,650,000 $41M $25.00 +1,650,000 NEW
23 AXSM 1.51% 210,000 $38M $182.64 $20M +60,000 +40.0%
24 RAPP 1.32% 1,110,000 $34M $30.34 $5M +160,000 +16.8%
25 CLDX 1.24% 1,165,000 $32M $27.16 $468K -40,000 -3.3%
26 SRRK 1.21% 700,000 $31M $44.05 -$25M -800,000 -53.3%
27 KALV 1.20% 1,890,000 $31M $16.15 $21M +1,140,000 +152.0%
28 VERA 1.10% 550,000 $28M $50.64 $6M -210,000 -27.6%
29 XENE 1.06% 600,000 $27M $44.82 -$17M -500,000 -45.5%
30 LNTH 0.94% 360,000 $24M $66.55 $15M +190,000 +111.8%
31 RVMD 0.92% 295,000 $23M $79.65 -$6M -335,000 -53.2%
32 IMCR 0.80% 585,000 $20M $34.71 +585,000 NEW
33 UPB 0.77% 720,000 $20M $27.15 +720,000 NEW
34 BBNX 0.72% 600,000 $18M $30.47 $6M
35 BCRX 0.69% 2,250,000 $18M $7.80 +2,250,000 NEW
36 PEN 0.61% 50,000 $16M $310.91 +50,000 NEW
37 GERN 0.59% 11,320,000 $15M $1.32 -$9M -5,905,000 -34.3%
38 RGEN 0.54% 83,000 $14M $163.86 -$40M -317,000 -79.2%
39 ZBH 0.53% 150,000 $13M $89.92 +150,000 NEW
40 BMY 0.53% 250,000 $13M $53.94 +250,000 NEW
41 GLUE 0.48% 775,000 $12M $15.68 $6M -25,000 -3.1%
42 FULC 0.42% 950,000 $11M $11.31 +950,000 NEW
43 SVRA 0.38% 1,606,000 $10M $6.03 -$5M -2,409,000 -60.0%
44 AGIO 0.35% 325,000 $9M $27.22 $4M +198,000 +155.9%
45 DNLI 0.30% 465,000 $8M $16.51 +465,000 NEW
46 MYGN 0.30% 1,223,000 $8M $6.15 $3M +623,000 +103.8%
47 TECX 0.27% 328,000 $7M $20.86 +328,000 NEW
48 NVCR 0.27% 525,000 $7M $12.93 $2M +125,000 +31.2%
49 MPLT 0.27% 385,000 $7M $17.57 +385,000 NEW
50 GILD 0.24% 50,000 $6M $122.74 +50,000 NEW
51 VYGR 0.23% 1,475,000 $6M $3.93 -$1M
52 MIRM 0.21% 66,000 $5M $78.99 +66,000 NEW
53 NUVL 0.18% 46,000 $5M $100.59 -$91M -1,054,000 -95.8%
54 LENZ 0.17% 275,000 $4M $16.00 +275,000 NEW
55 RZLT 0.16% 1,686,000 $4M $2.36 +1,686,000 NEW
56 PASG 0.14% 305,000 $4M $11.80 $1M
57 GPCR 0.10% 35,000 $2M $69.55 +35,000 NEW
58 DYN 0.09% 120,000 $2M $19.56 -$33M -2,655,000 -95.7%
59 BDTX 0.08% 870,000 $2M $2.43 -$19M -4,680,000 -84.3%
60 OKUR 0.07% 635,000 $2M $2.90 $95K
61 FATE 0.07% 1,725,000 $2M $0.98 -$1M -790,000 -31.4%
62 ALEC 0.05% 755,000 $1M $1.56 -$2M -225,000 -23.0%
63 RGNX 0.02% 34,000 $490K $14.40 +34,000 NEW
64 MGNX 0.02% 280,000 $451K $1.61 -$20K
65 INSP —% -$10M -135,000 -100.0% SOLD
66 REGN —% -$14M -25,000 -100.0% SOLD
67 TVRD —% -$7M -167,000 -100.0% SOLD
68 BDX —% -$61M -325,000 -100.0% SOLD
69 TRAW —% -$278K -150,000 -100.0% SOLD
70 FOLD —% -$77M -9,750,000 -100.0% SOLD
71 CRNX —% -$31M -750,000 -100.0% SOLD
72 DHR —% -$30M -150,000 -100.0% SOLD
73 BIIB —% -$39M -275,000 -100.0% SOLD
74 ESTA —% -$4M -100,000 -100.0% SOLD
75 DNTH —% -$46M -1,180,000 -100.0% SOLD
76 VTYX —% -$6M -2,050,000 -100.0% SOLD
77 BLTE —% -$23M -312,500 -100.0% SOLD
78 STRO —% -$2M -2,600,000 -100.0% SOLD
79 CDTX —% -$38M -400,000 -100.0% SOLD
80 EXAS —% -$4M -75,000 -100.0% SOLD
81 BRKRP —% -$14M -440,000 -100.0% SOLD
82 IONS —% -$70M -1,075,000 -100.0% SOLD
83 GSK —% -$5M -125,000 -100.0% SOLD
84 ATXS —% -$36M -4,956,000 -100.0% SOLD
85 RCUS —% -$3M -250,000 -100.0% SOLD
86 CGON —% -$7M -175,000 -100.0% SOLD
87 APLT —% -$9M -14,250,000 -100.0% SOLD
88 ARQT —% -$4M -200,000 -100.0% SOLD
89 QURE —% -$13M -225,000 -100.0% SOLD
90 CYTK —% -$40M -725,000 -100.0% SOLD
91 KOD —% -$4M -250,000 -100.0% SOLD
92 RARE —% -$23M -750,000 -100.0% SOLD
93 LUNG —% -$1M -830,000 -100.0% SOLD

Options Breakdown

0 Calls $0 Call Value 1 Puts $215M Put Value

Top Puts

SymbolSharesValueStatus
QQQ 350,000 $215M NEW

New Positions

SymbolValue% Port
TERN $182M 7.15%
MRK $82M 3.21%
ARWR $60M 2.35%
OLMA $41M 1.62%
IMCR $20M 0.80%
UPB $20M 0.77%
BCRX $18M 0.69%
PEN $16M 0.61%
ZBH $13M 0.53%
BMY $13M 0.53%
FULC $11M 0.42%
DNLI $8M 0.30%
TECX $7M 0.27%
MPLT $7M 0.27%
GILD $6M 0.24%

Sold Out Positions

SymbolValue% Port
BDX —%
INSP —%
DHR —%
GSK —%
RCUS —%
KOD —%
CGON —%
BLTE —%
CYTK —%
IONS —%
LUNG —%
BIIB —%
ESTA —%
REGN —%
TRAW —%
View SEC EDGAR Filings for Vestal Point Capital, LP →

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