ARMISTICE CAPITAL, LLC Q3 2025 Filing

Filed November 17, 2025

Portfolio Value

$6.7B

Holdings

322

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (322 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	SPYSPY OCT5 634.0 P	1,500,000	$999.3B	14823.35%	Put
2	IWMIWM OCT5 230.0 P	4,000,000	$967.8B	14357.11%	Put
3	IWMIWM NOV5 230.0 P	3,000,000	$725.9B	10767.83%	Put
4	SPYSPY NOV5 634.0 P	1,000,000	$666.2B	9882.23%	Put
5	PTCTPTC THERAPEUTICS ORD	3,277,272	$201.1B	2983.54%
6	TVTXTRAVERE THERAPEUTICS ORD	6,724,000	$160.7B	2383.91%
7	SUPNSUPERNUS PHARMACEUTICALS ORD	2,836,000	$135.5B	2010.51%
8	INCYINCYTE ORD	1,167,431	$99.0B	1468.73%
9	NBIXNEUROCRINE BIOSCIENCES ORD	697,022	$97.8B	1451.49%
10	IMVTIMMUNOVANT ORD	5,836,000	$94.1B	1395.54%
11	XRAYDENTSPLY SIRONA ORD	5,736,000	$72.8B	1079.78%
12	REGNREGENERON PHARMACEUTICALS ORD	125,206	$70.4B	1044.32%
13	FRPTFRESHPET ORD	1,234,802	$68.0B	1009.46%
14	AMZNAMAZON COM ORD	309,400	$67.9B	1007.76%
15	CYTKCYTOKINETICS ORD	1,196,868	$65.8B	975.79%
16	GEHCGE HEALTHCARE TECHNOLOGIES ORD	795,053	$59.7B	885.73%
17	EXASEXACT SCIENCES ORD	1,030,465	$56.4B	836.30%
18	GOOGLALPHABET CL A ORD	230,681	$56.1B	831.88%
19	MDGLMADRIGAL PHARMACEUTICALS ORD	119,982	$55.0B	816.34%
20	CYTKCYTK JAN7 40.0 C	950,000	$52.2B	774.52%	Call
21	FIVNFIVE9 ORD	2,000,000	$48.4B	717.97%
22	MSFTMICROSOFT ORD	87,245	$45.2B	670.33%
23	ARGXARGENX ADR REP ORD	58,000	$42.8B	634.58%
24	TMCITREACE MEDICAL CONCEPTS ORD	6,316,000	$42.4B	628.68%
25	KURAKURA ONCOLOGY ORD	4,672,000	$41.3B	613.35%
26	NVONOVO NORDISK ADR REPSG 1 ORD	736,000	$40.8B	605.84%
27	PENNPENN ENTERTAINMENT ORD	2,103,666	$40.5B	601.03%
28	DYNDYNE THERAPEUTICS ORD	3,064,000	$38.8B	574.97%
29	MDGLMDGL JAN6 400.0C	80,000	$36.7B	544.31%	Call
30	MDBMONGODB CL A ORD	112,399	$34.9B	517.51%
31	OFIXORTHOFIX MEDICAL ORD	2,236,000	$32.7B	485.60%
32	AGIOAGIOS PHARMACEUTICALS ORD	764,000	$30.7B	454.92%
33	SBUXSTARBUCKS ORD	356,107	$30.1B	446.90%
34	IMCRIMMUNOCORE HOLDINGS ADR	824,000	$29.9B	444.07%
35	BMYBRISTOL MYERS SQUIBB ORD	649,733	$29.3B	434.69%
36	AVNSAVANOS MEDICAL ORD	2,500,000	$28.9B	428.71%
37	SNYSANOFI 2 ADR REP ORD	612,000	$28.9B	428.51%
38	IRONDISC MEDICINE ORD	436,000	$28.8B	427.39%
39	DDOGDATADOG CL A ORD	202,061	$28.8B	426.83%
40	AGIOAGIO FEB6 40.0 C	700,000	$28.1B	416.81%	Call
41	BABAALIBABA GROUP HOLDING ADR REP 8 ORD	156,000	$27.9B	413.60%
42	TMOTHERMO FISHER SCIENTIFIC ORD	55,016	$26.7B	395.83%
43	AUTLAUTOLUS THERAPEUTICS ADR	15,600,000	$25.4B	377.20%
44	MDTMEDTRONIC ORD	265,257	$25.3B	374.76%
45	SS MAR6 18.0 C	1,400,000	$24.7B	365.72%	Call
46	NBISNEBIUS CL A ORD	213,280	$23.9B	355.20%
47	BCYCBICYCLE THERAPEUTICS ADR	2,978,000	$23.0B	341.92%
48	MDGLMDGL APR6 400.0C	50,000	$22.9B	340.19%	Call
49	GRFSGRIFOLS ADR REP ONE NON VTG CL B ORD	2,236,000	$22.3B	330.37%
50	CVSCVS HEALTH ORD	291,819	$22.0B	326.36%
51	AXGNAXOGEN ORD	1,200,000	$21.4B	317.57%
52	IRWDIRONWOOD PHARMA CL A ORD	16,150,000	$21.2B	313.84%
53	HUBSHUBSPOT ORD	45,018	$21.1B	312.40%
54	RI2RIGEL PHARMACEUTICALS ORD	724,000	$20.5B	304.26%
55	VYGRVOYAGER THERAPEUTICS ORD	4,200,000	$19.6B	290.96%
56	SSENTINELONE CL A ORD	1,111,200	$19.6B	290.28%
57	DTDYNATRACE ORD	400,000	$19.4B	287.49%
58	MLYSMINERALYS THERAPEUTICS ORD	507,650	$19.3B	285.56%
59	VSTMVERASTEM ORD	2,096,000	$18.5B	274.55%
60	RHRH ORD	90,685	$18.4B	273.30%
61	ISRGINTUITIVE SURGICAL ORD	41,000	$18.3B	272.01%
62	ANGOANGIODYNAMICS ORD	1,636,000	$18.3B	271.08%
63	PATHUIPATH CL A ORD	1,344,284	$18.0B	266.82%
64	PRTAPROTHENA ORD	1,824,000	$17.8B	264.08%
65	ELFELF BEAUTY ORD	132,965	$17.6B	261.31%
66	RBLXROBLOX CL A ORD	125,921	$17.4B	258.75%
67	GTLBGITLAB CL A ORD	376,858	$17.0B	252.01%
68	ROSTROSS STORES ORD	111,138	$16.9B	251.24%
69	TSMTAIWAN SEMICONDUCTOR MNFTG ADR 5 ORD	56,700	$15.8B	234.91%
70	VRTXVERTEX PHARMACEUTICALS ORD	40,239	$15.8B	233.77%
71	FIVNFIVN JUL6 27.5 C	650,000	$15.7B	233.34%	Call
72	CTORCITIUS ONCOLOGY ORD	7,675,911	$15.6B	231.15%
73	VERAVERA THERAPEUTICS CL A ORD	536,000	$15.6B	231.06%
74	NKTRNEKTAR THERAPEUTICS ORD	268,000	$15.2B	226.21%
75	WYNNWYNN RESORTS ORD	116,944	$15.0B	222.52%
76	WDAYWORKDAY CL A ORD	60,892	$14.7B	217.45%
77	NVDANVIDIA ORD	76,944	$14.4B	212.96%
78	APPAPPLOVIN CL A ORD	19,520	$14.0B	208.06%
79	NPCENEUROPACE ORD	1,298,000	$13.4B	198.52%
80	HUMHUMANA ORD	51,359	$13.4B	198.22%
81	UBERUBER TECHNOLOGIES ORD	120,581	$11.8B	175.24%
82	NTLAINTELLIA THERAPEUTICS ORD	672,000	$11.6B	172.16%
83	EWEDWARDS LIFESCIENCES ORD	146,571	$11.4B	169.09%
84	RDDTREDDIT CL A ORD	49,100	$11.3B	167.52%
85	ULTAULTA BEAUTY ORD	20,266	$11.1B	164.37%
86	TOSTTOAST CL A ORD	286,036	$10.4B	154.92%
87	ARVNARVINAS ORD	1,200,000	$10.2B	151.66%
88	MGNXMACROGENICS ORD	5,960,000	$10.0B	148.53%
89	LENLENNAR CL A ORD	78,549	$9.9B	146.86%
90	BRBRBELLRING BRANDS ORD	271,935	$9.9B	146.63%
91	FDMT4D MOLECULAR THERAPEUTICS ORD	1,096,000	$9.5B	141.28%
92	CNTACENTESSA PHARMACEUTICALS ADR	378,000	$9.2B	135.98%
93	CHRCHURCHILL DOWNS ORD	93,429	$9.1B	134.45%
94	NUVBNUVATION BIO CL A ORD	2,296,000	$8.5B	126.02%
95	AGIOAGIO DEC5 40.0 C	200,000	$8.0B	119.09%	Call
96	BSXBOSTON SCIENTIFIC ORD	80,223	$7.8B	116.18%
97	HHYATT HOTELS CL A ORD	54,101	$7.7B	113.91%
98	ORLYO REILLY AUTOMOTIVE ORD	70,396	$7.6B	112.58%
99	MCDMCDONALD'S ORD	23,770	$7.2B	107.15%
100	BBYBEST BUY ORD	95,066	$7.2B	106.64%

Page 1 of 4Next