Ikarian Capital, LLC Q1 2025 Filing
Filed May 15, 2025
Portfolio Value
$811.5B
Holdings
141
Report Date
Q1 2025
Filing Type
13F-HR
All Holdings (141 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 345,000 | $193.0B | 23.78% | Put |
| 2 | LLYELI LILLY & CO | 150,000 | $123.9B | 15.27% | Put |
| 3 | HTDCORCEPT THERAPEUTICS INC | 387,900 | $44.3B | 5.46% | Put |
| 4 | BBIOBRIDGEBIO PHARMA INC | 746,237 | $25.8B | 3.18% | Call |
| 5 | TARSTARSUS PHARMACEUTICALS INC | 485,021 | $24.9B | 3.07% | |
| 6 | SLNOSOLENO THERAPEUTICS INC | 343,000 | $24.5B | 3.02% | Put |
| 7 | CRNXCRINETICS PHARMACEUTICALS IN | 523,431 | $17.6B | 2.16% | |
| 8 | RAREULTRAGENYX PHARMACEUTICAL IN | 430,089 | $15.6B | 1.92% | Put |
| 9 | SRRKSCHOLAR ROCK HLDG CORP | 344,179 | $11.1B | 1.36% | Call |
| 10 | SRPTSAREPTA THERAPEUTICS INC | 169,087 | $10.8B | 1.33% | |
| 11 | 2L9BLUEPRINT MEDICINES CORP | 113,904 | $10.1B | 1.24% | |
| 12 | AKROAKERO THERAPEUTICS INC | 245,000 | $9.9B | 1.22% | |
| 13 | PTGXPROTAGONIST THERAPEUTICS INC | 200,000 | $9.7B | 1.19% | Put |
| 14 | TRUPTRUPANION INC | 240,000 | $8.9B | 1.10% | Put |
| 15 | RNAAVIDITY BIOSCIENCES INC | 300,000 | $8.9B | 1.09% | Put |
| 16 | ALNYALNYLAM PHARMACEUTICALS INC | 31,594 | $8.5B | 1.05% | |
| 17 | BHVNBIOHAVEN LTD | 348,200 | $8.4B | 1.03% | Call |
| 18 | TGTXTG THERAPEUTICS INC | 210,065 | $8.3B | 1.02% | |
| 19 | VRNAVERONA PHARMA PLC | 130,000 | $8.3B | 1.02% | |
| 20 | KYMRKYMERA THERAPEUTICS INC | 276,800 | $7.6B | 0.93% | Put |
| 21 | PCVXVAXCYTE INC | 200,000 | $7.6B | 0.93% | |
| 22 | MLTXMOONLAKE IMMUNOTHERAPEUTICS | 189,000 | $7.4B | 0.91% | Put |
| 23 | ACLXARCELLX INC | 111,600 | $7.3B | 0.90% | Put |
| 24 | VIRVIR BIOTECHNOLOGY INC | 1,068,062 | $6.9B | 0.85% | |
| 25 | IMVTIMMUNOVANT INC | 400,000 | $6.8B | 0.84% | Put |
| 26 | VRDNVIRIDIAN THERAPEUTICS INC | 494,949 | $6.7B | 0.82% | |
| 27 | IM8NINSMED INC | 84,800 | $6.5B | 0.80% | |
| 28 | EWTXEDGEWISE THERAPEUTICS INC | 280,000 | $6.2B | 0.76% | |
| 29 | CPRXCATALYST PHARMACEUTICALS INC | 249,649 | $6.1B | 0.75% | |
| 30 | CYTKCYTOKINETICS INC | 149,982 | $6.0B | 0.74% | |
| 31 | DYNDYNE THERAPEUTICS INC | 545,837 | $5.7B | 0.70% | Call |
| 32 | ELVNENLIVEN THERAPEUTICS INC | 289,538 | $5.7B | 0.70% | |
| 33 | PRAXPRAXIS PRECISION MEDICINES I | 145,502 | $5.5B | 0.68% | |
| 34 | CDTXCIDARA THERAPEUTICS INC | 248,940 | $5.4B | 0.66% | |
| 35 | ACOGALPHA COGNITION INC | 967,867 | $5.1B | 0.63% | |
| 36 | VKTXVIKING THERAPEUTICS INC | 200,000 | $4.8B | 0.60% | Call |
| 37 | TECXTECTONIC THERAPEUTIC INC | 269,090 | $4.8B | 0.59% | |
| 38 | FBRXFORTE BIOSCIENCES INC | 609,225 | $4.7B | 0.58% | |
| 39 | GPCRSTRUCTURE THERAPEUTICS INC | 264,085 | $4.6B | 0.56% | |
| 40 | MTSRMETSERA INC | 150,000 | $4.1B | 0.50% | |
| 41 | STIMNEURONETICS INC | 1,100,000 | $4.0B | 0.50% | |
| 42 | CAPRCAPRICOR THERAPEUTICS INC | 400,000 | $3.8B | 0.47% | Call |
| 43 | INCYINCYTE CORP | 60,400 | $3.7B | 0.45% | Call |
| 44 | TRVITREVI THERAPEUTICS INC | 575,000 | $3.6B | 0.45% | |
| 45 | MAZEMAZE THERAPEUTICS INC | 322,740 | $3.6B | 0.44% | |
| 46 | JANXJANUX THERAPEUTICS INC | 129,691 | $3.5B | 0.43% | |
| 47 | ELDNELEDON PHARMACEUTICALS INC | 1,025,221 | $3.5B | 0.43% | |
| 48 | ARCTARCTURUS THERAPEUTICS HLDGS | 325,000 | $3.4B | 0.42% | Call |
| 49 | QUREUNIQURE NV | 300,000 | $3.2B | 0.39% | Call |
| 50 | CPIXCUMBERLAND PHARMACEUTICALS I | 740,000 | $3.1B | 0.39% | |
| 51 | TEVATEVA PHARMACEUTICAL INDS LTD | 200,000 | $3.1B | 0.38% | Call |
| 52 | KROSKEROS THERAPEUTICS INC | 274,009 | $2.8B | 0.34% | |
| 53 | APGEAPOGEE THERAPEUTICS INC | 70,700 | $2.6B | 0.33% | Put |
| 54 | ABEOABEONA THERAPEUTICS INC | 533,581 | $2.5B | 0.31% | |
| 55 | HELPCYBIN INC | 397,175 | $2.5B | 0.31% | |
| 56 | CMPXCOMPASS THERAPEUTICS INC | 1,324,400 | $2.5B | 0.31% | Put |
| 57 | IBIOIBIO INC | 599,913 | $2.4B | 0.30% | |
| 58 | DRUGBRIGHT MINDS BIOSCIENCES INC | 65,431 | $2.4B | 0.29% | |
| 59 | EOLSEVOLUS INC | 193,265 | $2.3B | 0.29% | |
| 60 | RLAYRELAY THERAPEUTICS INC | 743,308 | $1.9B | 0.24% | |
| 61 | LXEOLEXEO THERAPEUTICS INC | 550,029 | $1.9B | 0.24% | |
| 62 | KODKODIAK SCIENCES INC | 649,534 | $1.8B | 0.22% | |
| 63 | ORKAORUKA THERAPEUTICS INC | 175,000 | $1.8B | 0.22% | |
| 64 | IMUXIMMUNIC INC | 1,549,970 | $1.7B | 0.21% | Call |
| 65 | APLSAPELLIS PHARMACEUTICALS INC | 75,000 | $1.6B | 0.20% | |
| 66 | VERVVERVE THERAPEUTICS INC | 358,393 | $1.6B | 0.20% | |
| 67 | ARVNARVINAS INC | 229,900 | $1.6B | 0.20% | |
| 68 | AVTXAVALO THERAPEUTICS INC | 200,000 | $1.6B | 0.20% | |
| 69 | HROWHARROW INC | 58,300 | $1.6B | 0.19% | Call |
| 70 | VTGNVISTAGEN THERAPEUTICS INC | 601,703 | $1.5B | 0.19% | |
| 71 | RCKTROCKET PHARMACEUTICALS INC | 221,911 | $1.5B | 0.18% | |
| 72 | VTYXVENTYX BIOSCIENCES INC | 1,217,590 | $1.4B | 0.17% | |
| 73 | RCUSARCUS BIOSCIENCES INC | 163,363 | $1.3B | 0.16% | |
| 74 | DCTHDELCATH SYS INC | 100,365 | $1.3B | 0.16% | |
| 75 | PRTAPROTHENA CORP PLC | 100,000 | $1.2B | 0.15% | Call |
| 76 | CRVSCORVUS PHARMACEUTICALS INC | 388,100 | $1.2B | 0.15% | Put |
| 77 | GBYSANGAMO THERAPEUTICS INC | 1,860,179 | $1.2B | 0.15% | |
| 78 | ALTALTIMMUNE INC | 240,000 | $1.2B | 0.15% | Put |
| 79 | TDOCTELADOC HEALTH INC | 150,000 | $1.2B | 0.15% | |
| 80 | ALECALECTOR INC | 950,000 | $1.2B | 0.14% | |
| 81 | OKURONKURE THERAPEUTICS INC | 253,754 | $1.1B | 0.13% | |
| 82 | NUVBNUVATION BIO INC | 619,258 | $1.1B | 0.13% | |
| 83 | NKTREURNEKTAR THERAPEUTICS | 1,579,528 | $1.1B | 0.13% | |
| 84 | TRMLTOURMALINE BIO INC | 67,927 | $1.0B | 0.13% | |
| 85 | TERNTERNS PHARMACEUTICALS INC | 308,491 | $851.4M | 0.10% | |
| 86 | SLDBSOLID BIOSCIENCES INC | 230,000 | $851.0M | 0.10% | |
| 87 | ETNBGBP89BIO INC | 100,000 | $727.0M | 0.09% | |
| 88 | OLMAOLEMA PHARMACEUTICALS INC | 191,994 | $721.9M | 0.09% | |
| 89 | VERUEURVERU INC | 1,425,239 | $698.5M | 0.09% | |
| 90 | LXRXLEXICON PHARMACEUTICALS INC | 1,417,952 | $653.4M | 0.08% | |
| 91 | TCE2CELLDEX THERAPEUTICS INC NEW | 35,600 | $646.1M | 0.08% | Put |
| 92 | GLUEMONTE ROSA THERAPEUTICS INC | 136,575 | $633.7M | 0.08% | |
| 93 | —CHANNEL THERAPEUTICS CORPORA | 440,849 | $626.0M | 0.08% | |
| 94 | PYXSPYXIS ONCOLOGY INC | 613,253 | $600.9M | 0.07% | |
| 95 | IRONDISC MEDICINE INC | 11,900 | $590.7M | 0.07% | Call |
| 96 | INBXINHIBRX BIOSCIENCES INC | 42,122 | $589.3M | 0.07% | |
| 97 | FULCFULCRUM THERAPEUTICS INC | 200,096 | $576.3M | 0.07% | |
| 98 | CELCCELCUITY INC | 54,800 | $554.0M | 0.07% | Put |
| 99 | SWTXSPRINGWORKS THERAPEUTICS INC | 12,519 | $552.5M | 0.07% | |
| 100 | MLYSMINERALYS THERAPEUTICS INC | 34,300 | $544.7M | 0.07% | Call |
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