TANG CAPITAL MANAGEMENT LLC

CIK: 0001232621SEC EDGAR →

Portfolio Value

$2.0B

Holdings

75

As of

Q4 2025

New Positions

8

Closed Positions

127

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

AURINIA PHARMACEUTICALS INC

11,329,500$180.7M
8.93%
2

GALAPAGOS NV

3,921,219$128.2M
6.33%
3

PTC THERAPEUTICS INC

1,500,000$113.9M
5.63%
4

CELCUITY INC

1,050,000$104.7M
5.17%
5

MIRUM PHARMACEUTICALS INC

1,236,027$97.6M
4.82%
6

TARSUS PHARMACEUTICALS INC

1,188,624$97.3M
4.81%
7

KINIKSA PHARMACEUTICALS INTL

2,259,889$93.2M
4.60%
8

IMMUNOCORE HLDGS PLC

2,628,538$91.2M
4.51%
9

COMPASS THERAPEUTICS INC

16,790,809$90.2M
4.45%
10

KALVISTA PHARMACEUTICALS INC

4,573,530$73.9M
3.65%

Quarterly Changes

Top Buys

IMCR↑ Increased
$83.7B
PGEN↑ Increased
$40.8B
ACAD↑ Increased
$32.0B
BSFA↑ Increased
$29.0B
IM8N↑ Increased
$28.8B

Top Sells

TARS↓ Decreased
$145.8B
GLPG↓ Decreased
$143.7B
KNSA↓ Decreased
$90.3B
KALV↓ Decreased
$61.3B
VRDN↓ Decreased
$61.3B

New Positions (9)

$64.9M · 900K shares
$49.1M · 1.7M shares
$20.5M · 30K shares
$10.8M · 200K shares
$10.2M · 600K shares
$5.5M · 157K shares
$5.3M · 1.0M shares
$1.6M · 140K shares
$51K · 6K shares

Closed Positions (128)

$56.5B · 600K shares
$42.1B · 8.1M shares
$39.2B · 1.4M shares
$36.2B · 519K shares
$36.0B · 550K shares
$35.3B · 11.1M shares
$32.0B · 2.1M shares
$27.1B · 830K shares
$26.0B · 1.1M shares
$25.0B · 190K shares
$22.4B · 1.4M shares
$21.1B · 150K shares
$17.1B · 700K shares
$15.4B · 1.1M shares
$14.2B · 3.4M shares
$13.4B · 1.8M shares
$13.1B · 2.6M shares
$12.6B · 2.2M shares
$12.5B · 70K shares
$11.7B · 2.4M shares
$11.5B · 150K shares
$11.4B · 550K shares
$10.8B · 1.8M shares
$10.8B · 100K shares
$10.2B · 16K shares
$9.4B · 1.6M shares
$8.4B · 1.3M shares
$7.9B · 200K shares
$7.8B · 2.1M shares
$7.6B · 10K shares
$7.6B · 200K shares
$7.1B · 600K shares
$7.0B · 431K shares
$6.7B · 444K shares
$6.7B · 8.2M shares
$6.6B · 1.1M shares
$6.5B · 100K shares
$6.2B · 255K shares
$6.1B · 200K shares
$5.5B · 2.5M shares
$5.5B · 100K shares
$4.8B · 200K shares
$4.7B · 100K shares
$4.7B · 1.2M shares
$3.6B · 100K shares
$3.6B · 654K shares
$3.5B · 88K shares
$3.4B · 50K shares
$3.1B · 335K shares
$3.1B · 200K shares
$2.9B · 900K shares
$2.9B · 1.3M shares
$2.8B · 179K shares
$2.6B · 50K shares
$2.5B · 2.8M shares
$2.4B · 50K shares
$2.4B · 418K shares
$2.4B · 2K shares
$2.3B · 1.6M shares
$2.2B · 66K shares
$2.1B · 800K shares
$2.0B · 100K shares
$2.0B · 1.0M shares
$2.0B · 900K shares
$2.0B · 6K shares
$1.8B · 4K shares
$1.8B · 17K shares
$1.8B · 9K shares
$1.7B · 5K shares
$1.7B · 14K shares
$1.6B · 100K shares
$1.6B · 3K shares
$1.6B · 1.2M shares
$1.6B · 128K shares
$1.6B · 36K shares
$1.5B · 127K shares
$1.5B · 23K shares
$1.5B · 4K shares
$1.5B · 100K shares
$1.4B · 13K shares
$1.4B · 9K shares
$1.4B · 7K shares
$1.4B · 100K shares
$1.4B · 53K shares
$1.3B · 128K shares
$1.2B · 544K shares
$1.2B · 17K shares
$1.1B · 200K shares
$1.0B · 50K shares
$945.2M · 1.4M shares
$939.5M · 3K shares
$900.8M · 3K shares
$885.0M · 100K shares
$847.4M · 1K shares
$842.0M · 100K shares
$819.3M · 683 shares
$756.5M · 1K shares
$728.0M · 100K shares
$696.1M · 3K shares
$641.3M · 2K shares
$607.6M · 6K shares
$602.3M · 75K shares
$579.6M · 3K shares
$578.7M · 24K shares
$567.1M · 3K shares
$546.9M · 2K shares
$530.1M · 408K shares
$519.5M · 2K shares
$518.8M · 43K shares
$504.6M · 14K shares
$484.2M · 1K shares
$484.2M · 671K shares
$480.0M · 300K shares
$469.4M · 3K shares
$449.0M · 4K shares
$448.2M · 900K shares
$440.0M · 400K shares
$400.3M · 16K shares
$399.3M · 2K shares
$376.3M · 3K shares
$367.7M · 219K shares
$355.8M · 67K shares
$343.6M · 24K shares
$340.7M · 4K shares
$320.1M · 116K shares
$248.4M · 60K shares
$66.4M · 28K shares
$32.0M · 25K shares

Sector Breakdown

Sector# HoldingsValue%
Healthcare68$1.807051282231139e+293T0.0%
Unknown2$3.8T0.0%
Financial Services2$204.6B0.0%
Technology1$23.8M0.0%
Communication Services1$15.4M0.0%
Real Estate1$2.0M0.0%