13F-HR filed by DEERFIELD MANAGEMENT COMPANY, L.P.
DEERFIELD MANAGEMENT COMPANY, L.P. filed this 13F-HR for the quarter ended 2025-12-31, filed 2026-02-17, with 150 holding rows worth $7,830,165,970.
- Accession
- 0001213900-26-017265
- Filer
- CIK 1009258
- Filed
- 2026-02-17
- Accepted by EDGAR
- acceptance time not in the bulk data set
- Ingested
- Source
- SEC quarterly data set
13F report for Q4 2025
A holdings report, 150 entries on the cover page, a total value of $7,830,165,970 stated on the cover page (in dollars after the unit check, H1), rows summing to $7,830,165,970 with VALUE read as dollars as filed, 13F file number 028-05366. The quarter's positions are built on this report. The resolved quarter.
Other managers
- included managerDeerfield UGP, LLC 028-25875
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 filed | CUSIP | Class | Amount | Value | Value read as | Type |
|---|---|---|---|---|---|---|
| NUVALENT INC COM | 670703107 | Stock | 17,248,450 | $1,735,021,586 | dollars as filed | |
| BROOKDALE SR LIVING INC | 112463AF1 | NOTE 3.500%10/1 | 306,885,000 | $427,493,874 | dollars as filed | principal |
| COGENT BIOSCIENCES INC | 19240Q201 | COM | 9,043,903 | $321,239,435 | dollars as filed | |
| PRAXIS PRECISION MEDICINES I | 74006W207 | COM NEW | 903,351 | $266,253,674 | dollars as filed | |
| CENTENE CORP DEL COM | 15135B101 | Stock | 6,447,998 | $265,335,118 | dollars as filed | |
| VIATRIS INC COM | 92556V106 | Stock | 20,206,170 | $251,566,817 | dollars as filed | |
| REVOLUTION MEDICINES INC COM | 76155X100 | Stock | 2,894,613 | $230,555,925 | dollars as filed | |
| UNITED THERAPEUTICS CORP DEL COM | 91307C102 | Stock | 425,993 | $207,565,089 | dollars as filed | |
| VERA THERAPEUTICS INC | 92337R101 | COMMON STOCK | 4,059,695 | $205,582,955 | dollars as filed | |
| MIRUM PHARMACEUTICALS INC | 604749AB7 | NOTE 4.000% 5/0 | 70,000,000 | $180,707,800 | dollars as filed | principal |
| CELCUITY INC | 15102K100 | COM | 1,714,000 | $170,954,360 | dollars as filed | |
| NEUROCRINE BIOSCIENCES INC | 64125C109 | COM | 1,184,345 | $167,975,651 | dollars as filed | |
| IONIS PHARMACEUTICALS INC COM | 462222100 | Stock | 1,979,669 | $156,611,615 | dollars as filed | |
| NEWAMSTERDAM PHARMA CO NV | N62509109 | COMMON STOCK | 4,164,789 | $146,100,798 | dollars as filed | |
| INSPIRE MED SYS INC COM | 457730109 | Stock | 1,505,872 | $138,886,575 | dollars as filed | |
| LEGEND BIOTECH CORP | 52490G102 | SPONSORED ADS | 5,932,000 | $128,961,680 | dollars as filed | |
| BROOKDALE SR LIVING INC | 112463104 | COM | 11,637,032 | $125,563,575 | dollars as filed | |
| Indivior PLC | G4766E116 | Common Stock | 3,393,063 | $121,743,100 | dollars as filed | |
| ARROWHEAD PHARMACEUTICALS IN | 04280A100 | COM | 1,832,946 | $121,689,285 | dollars as filed | |
| LARIMAR THERAPEUTICS INC | 517125100 | COM | 30,606,974 | $116,612,571 | dollars as filed | |
| CATALYST PHARMACEUTICALS INC | 14888U101 | COM | 4,911,161 | $114,626,498 | dollars as filed | |
| ADAPTHEALTH CORP | 00653Q102 | COMMON STOCK | 11,477,730 | $114,318,191 | dollars as filed | |
| BIOCRYST PHARMACEUTICALS INC COM | 09058V103 | Stock | 14,341,000 | $111,859,800 | dollars as filed | |
| IONIS PHARMACEUTICALS INC | 462222AF7 | NOTE 1.750% 6/1 | 60,000,000 | $95,328,000 | dollars as filed | principal |
| ALIGNMENT HEALTHCARE INC | 01625VAB0 | NOTE 4.250%11/1 | 61,000,000 | $92,553,470 | dollars as filed | principal |
| ARS PHARMACEUTICALS INC | 82835W108 | COM | 7,503,812 | $87,419,410 | dollars as filed | |
| PHARVARIS NV | N69605108 | COMMON STOCK | 3,126,042 | $86,747,666 | dollars as filed | |
| SAVARA INC | 805111101 | COM | 13,569,000 | $81,821,070 | dollars as filed | |
| IDEAYA BIOSCIENCES INC COM | 45166A102 | Stock | 2,153,043 | $74,430,697 | dollars as filed | |
| CERTARA INC COM | 15687V109 | Stock | 7,808,605 | $68,793,810 | dollars as filed | |
| BIO RAD LABS INC | 090572207 | CL A | 226,070 | $68,496,949 | dollars as filed | |
| NEOGENOMICS INC | 64049MAB6 | NOTE 0.250% 1/1 | 72,689,000 | $64,689,576 | dollars as filed | principal |
| ACADIA HEALTHCARE COMPANY INC COM | 00404A109 | Stock | 4,520,000 | $64,138,800 | dollars as filed | |
| BRIDGEBIO ONCOLOGY THERAPEUT | 107924102 | COM NEW | 4,885,446 | $61,165,784 | dollars as filed | |
| STOKE THERAPEUTICS INC | 86150R107 | COM | 1,823,500 | $57,877,890 | dollars as filed | |
| LANTHEUS HLDGS INC | 516544103 | COM | 827,999 | $55,103,333 | dollars as filed | |
| STRUCTURE THERAPEUTICS INC COMP | 86366E106 | EQUITY | 767,993 | $53,413,913 | dollars as filed | |
| ENVISTA HOLDINGS CORPORATION | 29415F104 | COM | 2,280,498 | $49,509,612 | dollars as filed | |
| ENHABIT INC | 29332G102 | COM | 4,747,746 | $43,774,218 | dollars as filed | |
| KYMERA THERAPEUTICS INC | 501575104 | COM | 561,170 | $43,664,638 | dollars as filed | |
| CAREDX INC | 14167L103 | COM | 2,191,000 | $41,278,440 | dollars as filed | |
| DISC MEDICINE INC COM | 254604101 | Stock | 511,163 | $40,591,454 | dollars as filed | |
| SIONNA THERAPEUTICS INC | 829401108 | COMMON STOCK | 970,590 | $39,930,073 | dollars as filed | |
| LIVANOVA PLC | 53802LAB8 | NOTE 2.500% 3/1 | 34,280,000 | $39,725,721 | dollars as filed | principal |
| BELITE BIO INC | 07782B104 | CMN | 233,813 | $37,400,727 | dollars as filed | |
| Day One Biopharmaceuticals Inc | 23954D109 | Common Stock | 3,723,131 | $34,699,581 | dollars as filed | |
| PHREESIA INC | 71944F106 | COM | 1,999,045 | $33,823,841 | dollars as filed | |
| EMBECTA CORP | 29082K105 | COMMON STOCK | 2,752,031 | $32,694,128 | dollars as filed | |
| VERACYTE INC COM | 92337F107 | Stock | 726,000 | $30,564,600 | dollars as filed | |
| MODERNA INC | 60770K107 | COM | 1,000,000 | $29,490,000 | dollars as filed | put |
| Lantheus Hldgs Inc Note 2.625 percent 12/1 | 516544AB9 | Convertible | 25,255,000 | $28,911,419 | dollars as filed | principal |
| BETA BIONICS INC | 08659B102 | COMMON STOCK | 938,308 | $28,590,245 | dollars as filed | |
| VENTAS INC COM | 92276F100 | REIT | 354,000 | $27,392,520 | dollars as filed | |
| IMMUNOCORE HLDGS PLC | 45258DAB1 | NOTE 2.500% 2/0 | 30,000,000 | $27,081,900 | dollars as filed | principal |
| ALNYLAM PHARMACEUTICALS INC COM | 02043Q107 | Stock | 67,935 | $27,014,353 | dollars as filed | |
| TANGO THERAPEUTICS INC | 87583X109 | COM | 2,906,946 | $25,755,542 | dollars as filed | |
| XENON PHARMACEUTICALS INC COM | 98420N105 | Stock | 542,020 | $24,293,336 | dollars as filed | |
| SPYRE THERAPEUTICS INC | 00773J202 | COM NEW | 710,626 | $23,280,108 | dollars as filed | |
| FOGHORN THERAPEUTICS INC | 344174107 | COMMON STOCK | 3,649,211 | $19,705,739 | dollars as filed | |
| COMPASS THERAPEUTICS INC | 20454B104 | COM | 3,606,000 | $19,364,220 | dollars as filed | |
| EDGEWISE THERAPEUTICS INC | 28036F105 | COM | 765,694 | $19,000,697 | dollars as filed | |
| KYVERNA THERAPEUTICS INC | 501976104 | COMMON STOCK | 2,000,000 | $18,800,000 | dollars as filed | |
| TAYSHA GENE THERAPIES INC | 877619106 | COMMON STOCK | 2,722,165 | $14,971,908 | dollars as filed | |
| CORMEDIX INC COM | 21900C308 | Stock | 1,107,944 | $12,885,389 | dollars as filed | |
| STARLING ONCOLOGY INC | 68236X100 | COMMON STOCK | 3,360,052 | $11,961,785 | dollars as filed | |
| MONOPAR THERAPEUTICS INC | 61023L207 | COMMON STOCK | 170,558 | $11,137,437 | dollars as filed | |
| MEDLINE INC COM CL A | 58507V107 | Stock | 260,000 | $10,920,000 | dollars as filed | |
| OMADA HEALTH INC | 68170A108 | COM | 553,107 | $8,728,028 | dollars as filed | |
| CALCIMEDICA INC | 38942Q202 | COM NEW | 1,300,000 | $8,567,000 | dollars as filed | |
| PRESTIGE CONSMR HEALTHCARE I | 74112D101 | COM | 69,669 | $4,297,881 | dollars as filed | |
| CULLINAN THERAPEUTICS INC | 230031106 | COM | 386,169 | $3,996,849 | dollars as filed | |
| VEEVA SYS INC CL A COM | 922475108 | Stock | 17,711 | $3,953,627 | dollars as filed | |
| RADNET INC | 750491102 | COM | 49,951 | $3,564,004 | dollars as filed | |
| LABCORP HOLDINGS INC COM SHS | 504922105 | Stock | 13,825 | $3,468,416 | dollars as filed | |
| ENOVIS CORPORATION | 194014502 | COM | 127,270 | $3,390,473 | dollars as filed | |
| ALIGNMENT HEALTHCARE INC COM | 01625V104 | Stock | 164,345 | $3,245,814 | dollars as filed | |
| QUEST DIAGNOSTICS INC COM | 74834L100 | Stock | 18,392 | $3,191,564 | dollars as filed | |
| TRANSMEDICS GROUP INC | 89377M109 | COM | 25,492 | $3,101,102 | dollars as filed | |
| INSULET CORP COM | 45784P101 | Stock | 10,616 | $3,017,492 | dollars as filed | |
| ANNEXON INC | 03589W102 | COM | 583,913 | $2,931,243 | dollars as filed | |
| BIOLIFE SOLUTIONS INC COM NEW | 09062W204 | Stock | 120,211 | $2,906,702 | dollars as filed | |
| CHEMED CORP NEW | 16359R103 | COM | 6,215 | $2,659,150 | dollars as filed | |
| PETCO HEALTH AND WELLNESS CO | 71601V105 | COM | 936,309 | $2,631,028 | dollars as filed | |
| ORTHOPEDIATRICS CORP | 68752L100 | COMMON STOCK | 144,220 | $2,561,347 | dollars as filed | |
| Cigna Corporation | 125523100 | COM | 9,203 | $2,532,942 | dollars as filed | |
| TRUPANION INC | 898202106 | COM | 66,438 | $2,482,788 | dollars as filed | |
| RESMED INC COM | 761152107 | Stock | 10,104 | $2,433,750 | dollars as filed | |
| Boston Scientific Corporation | 101137107 | COM | 24,941 | $2,378,124 | dollars as filed | |
| DAVITA INC COM | 23918K108 | Stock | 20,909 | $2,375,471 | dollars as filed | |
| DOXIMITY INC CL A | 26622P107 | Stock | 51,942 | $2,299,992 | dollars as filed | |
| DEXCOM INC COM | 252131107 | Stock | 32,943 | $2,186,427 | dollars as filed | |
| IRHYTHM HOLDINGS INC COM | 450056106 | Stock | 12,099 | $2,146,847 | dollars as filed | |
| NEWAMSTERDAM PHARMA CO NV-27 | N62509117 | WTS | 92,787 | $2,134,101 | dollars as filed | |
| CONMED CORP COM | 207410101 | Stock | 52,555 | $2,133,733 | dollars as filed | |
| MASIMO CORP COM | 574795100 | Stock | 16,147 | $2,100,079 | dollars as filed | |
| LEMAITRE VASCULAR INC | 525558201 | COM | 25,815 | $2,093,597 | dollars as filed | |
| 10X GENOMICS INC CL A COM | 88025U109 | Stock | 126,574 | $2,064,422 | dollars as filed | |
| ATRICURE INC | 04963C209 | COM | 52,076 | $2,060,127 | dollars as filed | |
| AVANOS MED INC | 05350V106 | COM | 167,061 | $1,876,095 | dollars as filed | |
| CORVEL CORP COM | 221006109 | Stock | 27,629 | $1,869,654 | dollars as filed | |
| CARDINAL HEALTH INC | 14149Y108 | COM | 8,985 | $1,846,418 | dollars as filed | |
| GOODRX HLDGS INC | 38246G108 | COM CL A | 660,133 | $1,788,960 | dollars as filed | |
| SURGERY PARTNERS INC | 86881A100 | COM | 112,623 | $1,740,025 | dollars as filed | |
| ALIGN TECHNOLOGY INC COM | 016255101 | Stock | 11,000 | $1,717,650 | dollars as filed | |
| ADDUS HOMECARE CORP | 006739106 | COM | 15,871 | $1,704,387 | dollars as filed | |
| MERIT MED SYS INC COM | 589889104 | Stock | 18,798 | $1,656,856 | dollars as filed | |
| NATIONAL HEALTHCARE CORP COM | 635906100 | Stock | 12,085 | $1,656,733 | dollars as filed | |
| ALECTOR INC | 014442107 | COMMON STOCK | 1,055,192 | $1,646,100 | dollars as filed | |
| ENCOMPASS HEALTH CORP COM | 29261A100 | Stock | 15,259 | $1,619,590 | dollars as filed | |
| VAREX IMAGING CORP | 92214X106 | COMMON STOCK | 131,745 | $1,534,829 | dollars as filed | |
| HEALTHEQUITY INC COM | 42226A107 | Stock | 16,231 | $1,486,922 | dollars as filed | |
| Abbott Laboratories | 002824100 | COM | 11,449 | $1,434,445 | dollars as filed | |
| MAXIMUS INC | 577933104 | COM | 16,606 | $1,433,430 | dollars as filed | |
| Stryker Corporation | 863667101 | COM | 3,551 | $1,248,070 | dollars as filed | |
| ALPHATEC HLDGS INC | 02081G201 | COM NEW | 57,277 | $1,205,108 | dollars as filed | |
| STAAR SURGICAL CO COM PAR $0.01 | 852312305 | Stock | 51,894 | $1,198,232 | dollars as filed | |
| EDWARDS LIFESCIENCES CORP COM | 28176E108 | Stock | 13,702 | $1,168,096 | dollars as filed | |
| UFP TECHNOLOGIES INC | 902673102 | COM | 5,098 | $1,131,909 | dollars as filed | |
| KENVUE INC | 49177J102 | COM | 65,344 | $1,127,184 | dollars as filed | |
| MIMEDX GROUP INC | 602496101 | COM | 160,419 | $1,086,037 | dollars as filed | |
| INTEGER HLDGS CORP | 45826H109 | COM | 13,326 | $1,045,158 | dollars as filed | |
| REVVITY INC | 714046109 | COM | 10,323 | $998,750 | dollars as filed | |
| AZENTA INC | 114340102 | COM | 25,835 | $859,272 | dollars as filed | |
| ARVINAS INC | 04335A105 | COM | 68,057 | $807,156 | dollars as filed | |
| ZOETIS INC CL A | 98978V103 | Stock | 5,698 | $716,922 | dollars as filed | |
| COOPER COS INC | 216648501 | COM | 7,786 | $638,141 | dollars as filed | |
| SCHRODINGER INC COM | 80810D103 | Stock | 33,987 | $607,688 | dollars as filed | |
| TANDEM DIABETES CARE INC | 875372203 | COM NEW | 26,090 | $573,458 | dollars as filed | |
| RXSIGHT INC | 78349D107 | COM | 52,257 | $544,518 | dollars as filed | |
| INTEGRA LIFESCIENCES HLDGS C | 457985208 | COM NEW | 39,209 | $486,976 | dollars as filed | |
| AbbVie,Inc. | 00287Y109 | COM | 2,014 | $460,179 | dollars as filed | |
| HARROW INC | 415858109 | COM | 8,693 | $425,957 | dollars as filed | |
| XERIS BIOPHARMA HOLDINGS INC | 98422E103 | COM | 52,230 | $410,006 | dollars as filed | |
| HEALTHCARE SVCS GROUP INC | 421906108 | COM | 21,259 | $406,472 | dollars as filed | |
| AMPHASTAR PHARMACEUTICALS IN | 03209R103 | COM | 14,852 | $397,737 | dollars as filed | |
| REPLIGEN CORP COM | 759916109 | Stock | 2,199 | $360,328 | dollars as filed | |
| STERIS PLC SHS USD | G8473T100 | Stock | 1,352 | $342,759 | dollars as filed | |
| BELLRING BRANDS INC COMMON STOCK | 07831C103 | Stock | 11,996 | $320,653 | dollars as filed | |
| Intuitive Surgical,Inc. | 46120E602 | COM | 483 | $273,552 | dollars as filed | |
| NATIONAL VISION HLDGS INC COM | 63845R107 | Stock | 10,284 | $265,533 | dollars as filed | |
| BIOMX INC | 09090D509 | COM NEW | 131,270 | $245,471 | dollars as filed | |
| HUMANA INC COM | 444859102 | Stock | 917 | $234,871 | dollars as filed | |
| ABEONA THERAPEUTICS INC | 00289Y206 | COM NEW | 40,000 | $210,800 | dollars as filed | |
| The Oncology Institute Inc W Exp 99/99/999 | 68236X118 | SPAC Combination | 1,250,000 | $150,625 | dollars as filed | |
| QUANTUM SI INC | 74765K113 | *W EXP 06/10/202 | 333,333 | $66,833 | dollars as filed | |
| NUVATION BIO INC | 67080N119 | WARR | 166,666 | $55,000 | dollars as filed | |
| BUTTERFLY NETWORK INC | 124155110 | *W EXP 02/12/202 | 733,333 | $12,907 | dollars as filed | |
| PMV PHARMACEUTICALS INC | 69353Y103 | COM | 8,790 | $10,988 | dollars as filed | |
| SURROZEN INC | 86889P117 | *W EXP 08/01/203 | 166,666 | $3,333 | dollars as filed | |
| MYRIAD GENETICS INC | 62855J104 | COM | 505 | $3,106 | dollars as filed |
Amendment chain
| Filing | Role | Filed | Accepted | Ingested |
|---|---|---|---|---|
| 13F-HR 0001213900-26-017265 | this filing | 2026-02-17 | acceptance time not in the bulk data set |