Asset Manager
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Trails Edge Capital Partners, LP
Market Value
$630M
+48.3%
Holdings
39
+5
New Purchases
13
Added To
10
Closed
4
Reduced
7
Top 10 Concentration
50.3%
Turnover
43.6%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| TRAX | 4.84% | 0.00% | +4.84% | $30M |
| BMRN | 4.65% | 0.00% | +4.65% | $29M |
| INSM | 3.90% | 0.00% | +3.90% | $25M |
| KLRA | 3.44% | 0.00% | +3.44% | $22M |
| INCY | 2.79% | 0.00% | +2.79% | $18M |
| AVTX | 2.62% | 0.00% | +2.62% | $16M |
| DSGN | 4.60% | 2.13% | +2.46% | $29M |
| MLTX | 2.32% | 0.00% | +2.32% | $15M |
| FDMT | 4.70% | 2.85% | +1.85% | $30M |
| AURA | 1.63% | 0.00% | +1.63% | $10M |
| ALT | 1.28% | 0.00% | +1.28% | $8M |
| IRD | 1.79% | 0.54% | +1.25% | $11M |
| FTH | 2.05% | 0.93% | +1.12% | $13M |
| OKUR | 1.04% | 0.00% | +1.04% | $7M |
| FBRX | 0.92% | 0.00% | +0.92% | $6M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| PCVX | 0.00% | 9.06% | -9.06% | $0 |
| DFTX | 0.00% | 7.73% | -7.73% | $0 |
| RCUS | 0.00% | 5.33% | -5.33% | $0 |
| MIRM | 4.15% | 7.25% | -3.10% | $26M |
| IMVT | 0.00% | 2.42% | -2.42% | $0 |
| RVMD | 3.44% | 5.61% | -2.17% | $22M |
| IVA | 1.60% | 3.47% | -1.88% | $10M |
| XENE | 4.22% | 6.02% | -1.81% | $27M |
| VTVT | 0.51% | 1.30% | -0.79% | $3M |
| NERV | 1.25% | 2.01% | -0.76% | $8M |
| CYTK | 3.90% | 4.65% | -0.76% | $25M |
| CAMP | 1.34% | 2.01% | -0.67% | $8M |
| XFOR | 1.91% | 2.50% | -0.59% | $12M |
| PMN | 1.16% | 1.67% | -0.50% | $7M |
| NRIX | 6.06% | 6.36% | -0.30% | $38M |
Sector Allocation Over Time
Market Cap Concentration
| Tier | Holdings | Value | Weight |
|---|---|---|---|
| Large Cap | 4 | $93M | 14.8% |
| Mid Cap | 8 | $115M | 18.3% |
| Small Cap | 15 | $320M | 50.8% |
| Micro Cap | 12 | $101M | 16.1% |
Portfolio Analytics
Avg Market Cap
$4.1B
Median Market Cap
$788M
Avg P/E
82.3
Median P/E
82.3
Avg Dividend Yield
—%
Avg Beta
0.89
# Stocks
39
# ETFs / Funds
0
Top Holdings (39 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | LBRX | 7.85% | 1,523,022 | $49M | $32.45 | $17M | +203,660 | +15.4% | |
| 2 | NRIX | 6.06% | 1,573,220 | $38M | $24.26 | $11M | -170,000 | -9.8% | |
| 3 | IMCR | 5.36% | 1,063,234 | $34M | $31.75 | $13M | +380,637 | +55.8% | |
| 4 | TRAX | 4.84% | 1,514,000 | $30M | $20.12 | — | +1,514,000 | — | NEW |
| 5 | FDMT | 4.70% | 2,227,917 | $30M | $13.30 | $18M | +925,000 | +71.0% | |
| 6 | BMRN | 4.65% | 512,000 | $29M | $57.22 | — | +512,000 | — | NEW |
| 7 | DSGN | 4.60% | 2,001,282 | $29M | $14.47 | $20M | +1,149,269 | +134.9% | |
| 8 | XENE | 4.22% | 440,000 | $27M | $60.36 | $972K | — | — | |
| 9 | MIRM | 4.15% | 223,312 | $26M | $117.07 | -$5M | -110,000 | -33.0% | |
| 10 | INSM | 3.90% | 230,331 | $25M | $106.62 | — | +230,331 | — | NEW |
| 11 | CYTK | 3.90% | 288,089 | $25M | $85.19 | $5M | -11,911 | -4.0% | |
| 12 | SNDX | 3.85% | 1,110,000 | $24M | $21.86 | $8M | +408,179 | +58.2% | |
| 13 | NGNE | 3.57% | 714,885 | $22M | $31.45 | $7M | -67,902 | -8.7% | |
| 14 | KLRA | 3.44% | 984,786 | $22M | $22.03 | — | +984,786 | — | NEW |
| 15 | RVMD | 3.44% | 115,750 | $22M | $187.28 | -$2M | -129,250 | -52.8% | |
| 16 | IKT | 2.92% | 9,051,318 | $18M | $2.03 | $5M | +993,973 | +12.3% | |
| 17 | INCY | 2.79% | 155,000 | $18M | $113.36 | — | +155,000 | — | NEW |
| 18 | AVTX | 2.62% | 891,881 | $16M | $18.48 | — | +891,881 | — | NEW |
| 19 | MLTX | 2.32% | 750,000 | $15M | $19.47 | — | +750,000 | — | NEW |
| 20 | FTH | 2.05% | 515,335 | $13M | $25.00 | $9M | +390,335 | +312.3% | |
| 21 | XFOR | 1.91% | 2,571,478 | $12M | $4.67 | $1M | — | — | |
| 22 | IRD | 1.79% | 2,743,658 | $11M | $4.11 | $9M | +2,243,658 | +448.7% | |
| 23 | SLGL | 1.64% | 139,445 | $10M | $74.14 | $4M | +53,949 | +63.1% | |
| 24 | AURA | 1.63% | 1,443,333 | $10M | $7.10 | — | +1,443,333 | — | NEW |
| 25 | IPSC | 1.61% | 4,134,969 | $10M | $2.45 | $5M | +1,684,976 | +68.8% | |
| 26 | IVA | 1.60% | 2,657,997 | $10M | $3.78 | -$5M | — | — | |
| 27 | CAMP | 1.34% | 1,932,937 | $8M | $4.37 | -$107K | -6,626 | -0.3% | |
| 28 | ALT | 1.28% | 2,660,000 | $8M | $3.04 | — | +2,660,000 | — | NEW |
| 29 | NERV | 1.25% | 1,419,000 | $8M | $5.55 | -$674K | — | — | |
| 30 | PMN | 1.16% | 557,103 | $7M | $13.16 | $256K | — | — | |
| 31 | OKUR | 1.04% | 1,438,456 | $7M | $4.56 | — | +1,438,456 | — | NEW |
| 32 | FBRX | 0.92% | 273,181 | $6M | $21.25 | — | +273,181 | — | NEW |
| 33 | RACC | 0.85% | 500,000 | $5M | $10.70 | — | +500,000 | — | NEW |
| 34 | VTVT | 0.51% | 85,192 | $3M | $37.65 | -$2M | -54,386 | -39.0% | |
| 35 | IMA | 0.26% | 282,004 | $2M | $5.90 | — | +282,004 | — | NEW |
| 36 | RCUS | —% | — | — | — | -$23M | -1,047,935 | -100.0% | SOLD |
| 37 | IMVT | —% | — | — | — | -$10M | -414,054 | -100.0% | SOLD |
| 38 | DFTX | —% | — | — | — | -$33M | -1,738,110 | -100.0% | SOLD |
| 39 | PCVX | —% | — | — | — | -$38M | -662,470 | -100.0% | SOLD |
Options Breakdown
0 Calls
$0 Call Value
1 Puts
$0 Put Value
Top Puts
| Symbol | Shares | Value | Status |
|---|---|---|---|
| XENE | — | $0 | SOLD |