ADAR1 Capital Management, LLC Q1 2025 Filing

Filed May 15, 2025

Portfolio Value

$538.7B

Holdings

198

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (198 positions)

#StockSharesValue% PortfolioType
1
PTGXPROTAGONIST THERAPEUTICS INC
939,669$45.4B8.44%
2
BOXXEA SERIES TRUST
337,125$37.6B6.98%
3
ROIVROIVANT SCIENCES LTD
3,483,404$35.1B6.52%
4
ZLABZAI LAB LTD
940,858$34.0B6.31%
5
IMVTIMMUNOVANT INC
968,866$16.6B3.07%
6
CYTKCYTOKINETICS INC
390,729$15.7B2.92%
7
KROSKEROS THERAPEUTICS INC
1,486,461$15.1B2.81%
8
ABVXABIVAX SA
2,210,019$13.8B2.56%
9
BILSPDR SER TR
135,585$12.4B2.31%
10
BBIOBRIDGEBIO PHARMA INC
339,635$11.7B2.18%
11
JANXJANUX THERAPEUTICS INC
418,667$11.3B2.10%Call
12
IKTINHIBIKASE THERAPEUTICS INC
5,122,105$11.2B2.08%
13
SWTXSPRINGWORKS THERAPEUTICS INC
222,778$9.8B1.83%Call
14
SHYISHARES TR
103,337$8.5B1.59%
15
TEVATEVA PHARMACEUTICAL INDS LTD
523,767$8.1B1.49%
16
SRPTSAREPTA THERAPEUTICS INC
122,921$7.8B1.46%
17
PERCEPTIVE CAP SOLUTIONS COR
750,000$7.7B1.43%
18
CGONCG ONCOLOGY INC
301,134$7.4B1.37%
19
RAPTEURRAPT THERAPEUTICS INC
5,970,768$7.3B1.35%
20
I9DNARBUTUS BIOPHARMA CORP
1,879,114$6.6B1.22%
21
ITCIEURINTRA-CELLULAR THERAPIES INC
48,044$6.3B1.18%
22
RVMDREVOLUTION MEDICINES INC
177,136$6.3B1.16%
23
AVRANTERIS TECHNOLOGIES GLOBAL
1,678,063$6.1B1.13%
24
YCYAA MISSION ACQUISITION CORP
578,359$6.0B1.12%
25
SG7SAGE THERAPEUTICS INC
742,495$5.9B1.10%
26
ETNBGBP89BIO INC
804,220$5.8B1.09%
27
NVSNNOVARTIS AG
50,000$5.6B1.03%Put
28
COHERUS BIOSCIENCES INC
5,625,000$5.5B1.02%
29
OACCOAKTREE ACQUISITION CORP III
516,482$5.4B1.00%
30
HLXCHELIX ACQUISITION CORP II
469,729$5.3B0.99%
31
AMLXAMYLYX PHARMACEUTICALS INC
1,471,587$5.2B0.97%
32
SRRKSCHOLAR ROCK HLDG CORP
157,079$5.1B0.94%
33
SLNOSOLENO THERAPEUTICS INC
68,830$4.9B0.91%Put
34
XENEXENON PHARMACEUTICALS INC
127,548$4.3B0.79%
35
XNCRXENCOR INC
398,152$4.2B0.79%
36
MLYSMINERALYS THERAPEUTICS INC
263,425$4.2B0.78%
37
SEPNSEPTERNA INC
720,848$4.2B0.77%
38
BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC
4,500,000$4.0B0.75%
39
APGEAPOGEE THERAPEUTICS INC
104,853$3.9B0.73%
40
YB4PSAVARA INC
1,360,291$3.8B0.70%
41
MNPRMONOPAR THERAPEUTICS INC
100,774$3.7B0.68%
42
AVTEAEROVATE THERAPEUTICS INC
1,461,234$3.7B0.68%
43
BIOABIOAGE LABS INC
971,100$3.7B0.68%
44
ZURAZURA BIO LTD
2,801,184$3.6B0.67%
45
CATBUSDASTRIA THERAPEUTICS INC
641,690$3.4B0.64%
46
RZLTREZOLUTE INC
1,116,047$3.2B0.60%
47
CNTACENTESSA PHARMACEUTICALS PLC
216,166$3.1B0.58%
48
AKROAKERO THERAPEUTICS INC
71,143$2.9B0.53%
49
MRUSMERUS N V
66,960$2.8B0.52%
50
BBIO 1.75 03/01/31BRIDGEBIO PHARMA INC
2,666,627$2.7B0.51%
51
PTCTPTC THERAPEUTICS INC
50,023$2.5B0.47%
52
RGNXREGENXBIO INC
350,352$2.5B0.47%
53
ARDXARDELYX INC
490,743$2.4B0.45%
54
BBIO 2.5 03/15/27BRIDGEBIO PHARMA INC
2,000,000$2.3B0.42%
55
DVAXDYNAVAX TECHNOLOGIES CORP
170,000$2.2B0.41%
56
ARVNARVINAS INC
313,354$2.2B0.41%
57
ASPCRA SPAC III ACQUISITION CORP
215,000$2.2B0.40%
58
RYTMRHYTHM PHARMACEUTICALS INC
36,890$2.0B0.36%
59
SMMTSUMMIT THERAPEUTICS INC
100,000$1.9B0.36%Call
60
DCTHDELCATH SYS INC
149,385$1.9B0.35%
61
CRNXCRINETICS PHARMACEUTICALS IN
53,125$1.8B0.33%
62
KALAKALA BIO INC
298,955$1.7B0.32%
63
VIRVIR BIOTECHNOLOGY INC
250,000$1.6B0.30%
64
RCKTROCKET PHARMACEUTICALS INC
241,800$1.6B0.30%
65
TSHATAYSHA GENE THERAPIES INC
1,066,309$1.5B0.28%
66
VKTXVIKING THERAPEUTICS INC
59,413$1.4B0.27%
67
FULCFULCRUM THERAPEUTICS INC
490,532$1.4B0.26%
68
CRGXCARGO THERAPEUTICS INC
341,515$1.4B0.26%
69
ORKAORUKA THERAPEUTICS INC
132,780$1.4B0.25%
70
VRNAVERONA PHARMA PLC
20,000$1.3B0.24%
71
CHECKPOINT THERAPEUTICS INC
305,800$1.2B0.23%
72
ALDXALDEYRA THERAPEUTICS INC
211,579$1.2B0.23%
73
KRROKORRO BIO INC
68,715$1.2B0.22%
74
CTNMCONTINEUM THERAPEUTICS INC
168,765$1.2B0.22%
75
TECXTECTONIC THERAPEUTIC INC
62,603$1.1B0.21%
76
VRDNVIRIDIAN THERAPEUTICS INC
79,000$1.1B0.20%
77
VTGNVISTAGEN THERAPEUTICS INC
420,765$1.1B0.20%
78
PFEPFIZER INC
41,050$1.0B0.19%
79
ARES ACQUISITION CORP II
90,466$1.0B0.19%
80
SGRYSURGERY PARTNERS INC
40,000$950.0M0.18%
81
KNSAKINIKSA PHARMACEUTICALS INTL
41,412$919.8M0.17%
82
ACLXARCELLX INC
13,962$915.9M0.17%
83
REGNREGENERON PHARMACEUTICALS
1,361$863.2M0.16%
84
KVACKEEN VISION ACQUISITION CORP
75,000$841.5M0.16%
85
AGIOAGIOS PHARMACEUTICALS INC
27,900$817.5M0.15%
86
GRCEGRACE THERAPEUTICS INC
343,512$783.2M0.15%
87
KZRKEZAR LIFE SCIENCES INC
147,404$719.3M0.13%
88
ARWRARROWHEAD PHARMACEUTICALS IN
56,300$717.3M0.13%
89
GPCRSTRUCTURE THERAPEUTICS INC
35,619$616.6M0.11%
90
BIIBBIOGEN INC
4,500$615.8M0.11%
91
5E7ITEOS THERAPEUTICS INC
101,096$603.5M0.11%
92
NTRANATERA INC
4,250$601.0M0.11%
93
ZYMEZYMEWORKS INC
50,000$595.5M0.11%
94
LXEOLEXEO THERAPEUTICS INC
170,448$591.5M0.11%
95
KPRXKIORA PHARMACEUTICALS INC
194,665$585.9M0.11%
96
SPROSPERO THERAPEUTICS INC
801,277$576.9M0.11%
97
BHVNBIOHAVEN LTD
22,641$544.3M0.10%
98
TARAPROTARA THERAPEUTICS INC
122,690$522.7M0.10%
99
USFRWISDOMTREE TR
10,000$503.3M0.09%
100
ANSCAGRICULTURE & NAT SOL ACQ CO
47,062$502.1M0.09%
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