SPHERA FUNDS MANAGEMENT LTD. Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$426.1M

Holdings

104

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (104 positions)

#StockSharesValue% PortfolioType
1
TEVATEVA PHARMACEUTICAL INDS LTD
1,620,990$27.2M6.38%
2
NVMINOVA LTD
75,836$20.9M4.90%
3
XBISPDR SERIES TRUST
200,000$16.6M3.89%Put
4
SNDXSYNDAX PHARMACEUTICALS INC
1,571,564$14.7M3.45%
5
TSEMTOWER SEMICONDUCTOR LTD
264,722$11.5M2.69%
6
CYTKCYTOKINETICS INC
326,718$10.8M2.53%
7
SNYSANOFI
219,515$10.6M2.49%
8
BIIBBIOGEN INC
82,738$10.4M2.44%
9
RAREULTRAGENYX PHARMACEUTICAL IN
280,685$10.2M2.39%Call
10
AZNASTRAZENECA PLC
135,060$9.4M2.21%
11
LLYELI LILLY & CO
11,540$9.0M2.11%
12
PRAXPRAXIS PRECISION MEDICINES I
209,757$8.8M2.07%Call
13
NVDANVIDIA CORPORATION
54,515$8.6M2.02%
14
TCE2CELLDEX THERAPEUTICS INC NEW
419,540$8.5M2.00%
15
NVONOVO-NORDISK A S
105,677$7.3M1.71%
16
AMZNAMAZON COM INC
32,441$7.1M1.67%
17
CDTXCIDARA THERAPEUTICS INC
138,001$6.7M1.58%
18
HNMORMAT TECHNOLOGIES INC
78,000$6.5M1.53%
19
MLYSMINERALYS THERAPEUTICS INC
480,974$6.5M1.53%
20
FBRXFORTE BIOSCIENCES INC
495,109$6.4M1.50%
21
METAMETA PLATFORMS INC
8,526$6.3M1.48%
22
JNJJOHNSON & JOHNSON
40,831$6.2M1.46%
23
BBIOBRIDGEBIO PHARMA INC
137,008$5.9M1.39%Put
24
MLTXMOONLAKE IMMUNOTHERAPEUTICS
125,000$5.9M1.38%Call
25
MSFTMICROSOFT CORP
11,792$5.9M1.38%
26
AM6AMICUS THERAPEUTICS INC
990,718$5.7M1.33%
27
ORA 2.5 07/15/27 SEPTORMAT TECHNOLOGIES INC
5,037,000$5.6M1.32%
28
PHVSPHARVARIS N V
309,931$5.5M1.28%
29
ELDNELEDON PHARMACEUTICALS INC
1,990,810$5.4M1.27%Call
30
SRPTSAREPTA THERAPEUTICS INC
309,323$5.3M1.24%Call
31
TVTXTRAVERE THERAPEUTICS INC
335,333$5.0M1.16%
32
ABBVABBVIE INC
25,256$4.7M1.10%
33
GSKGSK PLC
122,000$4.7M1.10%
34
NVSNNOVARTIS AG
37,000$4.5M1.05%
35
TRVITREVI THERAPEUTICS INC
799,957$4.4M1.03%
36
MAZEMAZE THERAPEUTICS INC
356,453$4.4M1.03%
37
ANNXANNEXON INC
1,764,387$4.2M0.99%
38
TLTISHARES TR
47,000$4.1M0.97%Call
39
IMVTIMMUNOVANT INC
256,743$4.1M0.96%
40
ORICORIC PHARMACEUTICALS INC
394,693$4.0M0.94%
41
MRKMERCK & CO INC
48,600$3.8M0.90%
42
ACADACADIA PHARMACEUTICALS INC
174,900$3.8M0.89%
43
RNAAVIDITY BIOSCIENCES INC
126,000$3.6M0.84%
44
ACOGALPHA COGNITION INC
376,649$3.5M0.82%
45
RZLTREZOLUTE INC
751,447$3.4M0.79%
46
HELPCYBIN INC
398,309$3.3M0.78%
47
AMATAPPLIED MATLS INC
18,000$3.3M0.77%
48
ARWRARROWHEAD PHARMACEUTICALS IN
202,996$3.2M0.75%
49
IMTXIMMATICS N.V
583,105$3.1M0.74%
50
YB4PSAVARA INC
1,310,233$3.0M0.70%
51
UBERUBER TECHNOLOGIES INC
30,000$2.8M0.66%
52
CAMTCAMTEK LTD
31,976$2.7M0.63%
53
ESLTELBIT SYS LTD
6,000$2.7M0.63%
54
PANWPALO ALTO NETWORKS INC
13,114$2.7M0.63%
55
WIXWIX COM LTD
16,931$2.7M0.63%
56
AMGNAMGEN INC
9,500$2.7M0.62%
57
SEDGSOLAREDGE TECHNOLOGIES INC
127,966$2.6M0.61%
58
ELVNENLIVEN THERAPEUTICS INC
128,515$2.6M0.60%
59
COGTCOGENT BIOSCIENCES INC
343,693$2.5M0.58%Call
60
SKYESKYE BIOSCIENCE INC
538,434$2.3M0.53%
61
DYNDYNE THERAPEUTICS INC
221,416$2.1M0.49%
62
PFEPFIZER INC
86,000$2.1M0.49%
63
BHVNBIOHAVEN LTD
145,372$2.1M0.48%
64
SRRKSCHOLAR ROCK HLDG CORP
57,497$2.0M0.48%
65
ETNBGBP89BIO INC
205,675$2.0M0.47%
66
GPCRSTRUCTURE THERAPEUTICS INC
95,931$2.0M0.47%
67
JANXJANUX THERAPEUTICS INC
85,840$2.0M0.47%
68
APLSAPELLIS PHARMACEUTICALS INC
114,346$2.0M0.46%
69
CRMSALESFORCE INC
6,800$1.9M0.44%
70
ENGNENGENE HOLDINGS INC
504,409$1.8M0.43%
71
CYBRCYBERARK SOFTWARE LTD
4,000$1.6M0.38%
72
MRVLMARVELL TECHNOLOGY INC
18,730$1.4M0.34%
73
CATBUSDASTRIA THERAPEUTICS INC
257,402$1.4M0.32%
74
KURAKURA ONCOLOGY INC
235,522$1.4M0.32%
75
IBITISHARES BITCOIN TRUST ETF
21,455$1.3M0.31%
76
NTLAINTELLIA THERAPEUTICS INC
128,780$1.2M0.28%
77
VTYXVENTYX BIOSCIENCES INC
555,814$1.2M0.28%
78
AMDADVANCED MICRO DEVICES INC
8,250$1.2M0.27%
79
NNDMNANO DIMENSION LTD
717,518$1.2M0.27%
80
DAWNDAY ONE BIOPHARMACEUTICALS I
175,371$1.1M0.27%
81
CEVACEVA INC
48,920$1.1M0.25%
82
CATXPERSPECTIVE THERAPEUTICS INC
310,343$1.1M0.25%
83
KRYSKRYSTAL BIOTECH INC
7,335$1.0M0.24%
84
TSHATAYSHA GENE THERAPIES INC
420,000$970K0.23%
85
PMNEURPROMIS NEUROSCIENCES INC
1,899,297$918K0.22%
86
VTGNVISTAGEN THERAPEUTICS INC
447,939$895K0.21%
87
CMMBCHEMOMAB THERAPEUTICS LTD
738,048$856K0.20%
88
BMYBRISTOL-MYERS SQUIBB CO
17,500$810K0.19%
89
CRVSCORVUS PHARMACEUTICALS INC
183,094$732K0.17%
90
HOWLWEREWOLF THERAPEUTICS INC
626,810$683K0.16%
91
VSTMVERASTEM INC
163,307$677K0.16%
92
BCAXBICARA THERAPEUTICS INC
65,679$610K0.14%
93
LRMRLARIMAR THERAPEUTICS INC
196,635$568K0.13%
94
SSENTINELONE INC
27,000$493K0.12%
95
APREAPREA THERAPEUTICS INC
270,000$456K0.11%
96
CGNTCOGNYTE SOFTWARE LTD
45,181$417K0.10%
97
KZRKEZAR LIFE SCIENCES INC
58,539$268K0.06%
98
CLYMCLIMB BIO INC
209,837$260K0.06%
99
SLDBSOLID BIOSCIENCES INC
50,190$244K0.06%
100
PEPGPEPGEN INC
156,467$173K0.04%
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