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13F-HR filed by Rock Springs Capital Management LP

Rock Springs Capital Management LP filed this 13F-HR for the quarter ended 2025-12-31, filed 2026-02-17, with 99 holding rows worth $1,950,203,715.

Accession
0001172661-26-000917
Filed
2026-02-17
Accepted by EDGAR
acceptance time not in the bulk data set
Ingested
Source
SEC quarterly data set

Original filing

13F report for Q4 2025

A holdings report, 99 entries on the cover page, a total value of $1,950,203,715 stated on the cover page (in dollars after the unit check, H1), rows summing to $1,950,203,715 with VALUE read as dollars as filed, 13F file number 028-16048. The quarter's positions are built on this report. The resolved quarter.

The information table after summing rows of one CUSIP and put or call (H4), with the CUSIP and issuer name as filed. Values in dollars after the unit check (method).

Issuer as filedCUSIPClassAmountValueValue read asType
Eli Lilly and Company532457108COM105,400$113,271,272dollars as filed
REVOLUTION MEDICINES INC COM76155X100Stock1,335,270$106,354,256dollars as filed
ARGENX SE SPONSORED ADR04016X101ADR103,250$86,828,088dollars as filed
TRAVERE THERAPEUTICS INC89422G107COM2,210,322$84,456,404dollars as filed
MADRIGAL PHARMACEUTICALS INC COM558868105Stock139,618$81,305,146dollars as filed
RHYTHM PHARMACEUTICALS INC76243J105COM695,010$74,393,870dollars as filed
EXACT SCIENCES CORP COM30063P105Stock601,800$61,118,808dollars as filed
MIRUM PHARMACEUTICALS INC604749101COM762,294$60,213,603dollars as filed
INSMED INC COM PAR $.01457669307Stock319,250$55,562,270dollars as filed
STRUCTURE THERAPEUTICS INC COMP86366E106EQUITY748,236$52,039,814dollars as filed
Intuitive Surgical,Inc.46120E602COM82,000$46,441,520dollars as filed
CIDARA THERAPEUTICS INC171757206COM NEW204,878$45,255,501dollars as filed
ASCENDIS PHARMA A/S DKK 1.0 AD04351P101SPONSORED ADR203,500$43,394,340dollars as filed
IRHYTHM HOLDINGS INC COM450056106Stock235,000$41,698,400dollars as filed
KYMERA THERAPEUTICS INC501575104COM496,871$38,661,533dollars as filed
Boston Scientific Corporation101137107COM399,050$38,049,418dollars as filed
PENUMBRA INC COM70975L107Stock120,500$37,464,655dollars as filed
XENON PHARMACEUTICALS INC COM98420N105Stock787,788$35,308,658dollars as filed
SCHOLAR ROCK HLDG CORP80706P103COM733,477$32,309,662dollars as filed
COGENT BIOSCIENCES INC19240Q201COM849,030$30,157,546dollars as filed
ULTRAGENYX PHARMACEUTICAL IN90400D108COM1,267,241$29,146,543dollars as filed
VERA THERAPEUTICS INC92337R101COMMON STOCK568,579$28,792,841dollars as filed
ALNYLAM PHARMACEUTICALS INC COM02043Q107Stock71,250$28,332,563dollars as filed
AMICUS THERAPEUTICS INC03152W109COM1,929,931$27,482,217dollars as filed
SPDR SER TR78464A870S&P BIOTECH222,000$27,068,460dollars as filed
TENET HEALTHCARE CORP COM NEW88033G407Stock125,000$24,840,000dollars as filed
DEXCOM INC COM252131107Stock347,300$23,050,301dollars as filed
AGIOS PHARMACEUTICALS INC00847X104COM799,163$21,753,217dollars as filed
TARSUS PHARMACEUTICALS INC87650L103COMMON STOCK260,344$21,316,967dollars as filed
COMPASS THERAPEUTICS INC20454B104COM3,927,202$21,089,075dollars as filed
NEWAMSTERDAM PHARMA CO NVN62509109COMMON STOCK557,194$19,546,366dollars as filed
AZENTA INC114340102COM569,100$18,928,266dollars as filed
CELLDEX THERAPEUTICS INC NEW15117B202COM NEW692,538$18,809,332dollars as filed
CARIS LIFE SCIENCES INC142152107COMMON STOCK687,500$18,548,750dollars as filed
ZENAS BIOPHARMA INC COM98937L105Stock502,077$18,230,416dollars as filed
DYNE THERAPEUTICS INC COM26818M108Stock912,955$17,857,400dollars as filed
NEUROCRINE BIOSCIENCES INC64125C109COM125,500$17,799,665dollars as filed
PHARVARIS NVN69605108COMMON STOCK623,402$17,299,406dollars as filed
MINERALYS THERAPEUTICS INC603170101COM427,596$15,517,459dollars as filed
PHREESIA INC71944F106COM876,600$14,832,072dollars as filed
ZAI LAB LTD ADR98887Q104ADR811,546$14,315,671dollars as filed
Danaher Corporation235851102COM61,500$14,078,580dollars as filed
UnitedHealth Group Inc91324P102COM40,800$13,468,488dollars as filed
ARDELYX INC039697107COM2,299,473$13,405,928dollars as filed
ACLARIS THERAPEUTICS INC COM00461U105Stock4,453,741$13,405,760dollars as filed
SUMMIT THERAPEUTICS INC86627T108COM710,000$12,417,900dollars as filed
ENLIVEN THERAPEUTICS INC COM29337E102Stock798,405$12,295,437dollars as filed
INSPIRE MED SYS INC COM457730109Stock131,000$12,082,130dollars as filed
OMADA HEALTH INC68170A108COM740,000$11,677,200dollars as filed
SOLENO THERAPEUTICS INC834203309COM247,053$11,438,554dollars as filed
ARCELLX INC COMMON STOCK03940C100Stock169,859$11,074,807dollars as filed
EVOLENT HEALTH INC CL A30050B101Stock2,675,000$10,700,000dollars as filed
GOSSAMER BIO INC COM38341P102Stock3,266,960$10,127,576dollars as filed
MBX BIOSCIENCES INC COM55287L101Stock282,624$8,913,961dollars as filed
CENTESSA PHARMACEUTICALS PLC152309100SPONSORED ADS324,015$8,103,615dollars as filed
HEARTFLOW INC42238D107COM277,700$8,094,955dollars as filed
BRIDGEBIO PHARMA INC10806X102COM103,500$7,916,715dollars as filed
REGENERON PHARMACEUTICALS COM75886F107Stock10,100$7,795,887dollars as filed
IMMUNOME INC45257U108COM347,666$7,467,866dollars as filed
RAPT THERAPEUTICS INC75382E208COM NEW213,731$7,239,069dollars as filed
BICARA THERAPEUTICS INC055477103COM429,095$7,221,669dollars as filed
EDWARDS LIFESCIENCES CORP COM28176E108Stock82,500$7,033,125dollars as filed
GOSSAMER BIO INC38341PAA0NOTE 5.000% 6/09,573,000$6,559,037dollars as filedprincipal
ALPHATEC HLDGS INC02081G201COM NEW302,500$6,364,600dollars as filed
AMYLYX PHARMACEUTICALS INC03237H101COM499,764$6,037,149dollars as filed
Thermo Fisher Scientific Inc.883556102COM10,000$5,794,500dollars as filed
JANUX THERAPEUTICS INC47103J105COM358,798$4,951,412dollars as filed
SURGERY PARTNERS INC86881A100COM310,000$4,789,500dollars as filed
EYEPOINT INC COM NEW30233G209Stock258,739$4,727,162dollars as filed
PTC THERAPEUTICS INC69366J200COM61,879$4,700,329dollars as filed
AGILON HEALTH INC00857U107COM6,500,000$4,476,550dollars as filed
MERSANA THERAPEUTICS INC59045L205COM152,586$4,414,313dollars as filed
TERNS PHARMACEUTICALS INC COM880881107Stock108,481$4,382,632dollars as filed
ARCUS BIOSCIENCES INC03969F109COM180,000$4,289,400dollars as filed
EDAP TMS S A268311107SPONSORED ADR1,286,500$4,232,585dollars as filed
OCULAR THERAPEUTIX INC67576A100COM345,820$4,198,255dollars as filed
LENZ THERAPEUTICS INC52635N103COM257,460$4,119,360dollars as filed
TALPHERA INC00444T209COM NEW3,589,186$4,091,672dollars as filed
SIONNA THERAPEUTICS INC829401108COMMON STOCK99,429$4,090,509dollars as filed
THERAVANCE BIOPHARMA INCG8807B106COM208,771$3,906,105dollars as filed
ALKERMES PLCG01767105SHS139,228$3,895,599dollars as filed
APELLIS PHARMACEUTICALS INC03753U106COM150,500$3,780,560dollars as filed
Indivior PLCG4766E116Common Stock105,100$3,770,988dollars as filed
ERASCA INC COM29479A108Stock951,710$3,540,361dollars as filed
TANGO THERAPEUTICS INC87583X109COM386,915$3,428,067dollars as filed
OLEMA PHARMACEUTICALS INC68062P106COM98,240$2,456,000dollars as filed
CYTOKINETICS INC23282W605COM NEW35,853$2,278,100dollars as filed
VAXCYTE INC COM92243G108Stock47,000$2,168,580dollars as filed
NEUROGENE INC64135M105COMMON STOCK104,339$2,149,383dollars as filed
JASPER THERAPEUTICS INC471871202COM NEW1,100,726$2,014,329dollars as filed
ROIVANT SCIENCES LTDG76279101SHS88,750$1,925,875dollars as filed
CORCEPT THERAPEUTICS INC218352102COM50,250$1,748,700dollars as filed
ACADIA HEALTHCARE COMPANY INC COM00404A109Stock120,000$1,702,800dollars as filed
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS881624209ADR45,500$1,420,055dollars as filed
NEWAMSTERDAM PHARMA CO NVN62509109COMMON STOCK31,600$1,108,528dollars as filedcall
MOONLAKE IMMUNOTHERAPEUTICS CLASS A ORD61559X104Stock61,700$813,206dollars as filed
LEGEND BIOTECH CORP52490G102SPONSORED ADS33,800$734,812dollars as filed
JAZZ PHARMACEUTICALS PLC SHS USDG50871105Stock1,750$297,500dollars as filed
NUVATION BIO INC67080N119WARR134,028$44,229dollars as filed

Amendment chain

FilingRoleFiledAcceptedIngested
13F-HR 0001172661-26-000917this filing2026-02-17acceptance time not in the bulk data set