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ALETHEA CAPITAL MANAGEMENT, LLC

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13F filer, CIK 1549408, MERCER ISLAND, WA

ALETHEA CAPITAL MANAGEMENT, LLC reported $205,947,239 across 13 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-11. Its ten largest share positions make up 99.89% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001549408-26-000001

Period
2025-12-31
Reported value
$206M
Holdings
13
Top 10 weight
99.89%
New
2
Sold out
23

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SPYnew+13,927$9.5M
TEMnew+31,554$1.86M
KURAadded+33,888$352K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BILreduced-75,363-$6.89M
JNJexited-3,323-$616K
VTRexited-8,040-$563K
UNHexited-1,627-$562K
SJMexited-5,170-$561K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001549408-26-000001, largest first. % of portfolio is the value over $205,947,239, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
AXSMAXSOME THERAPEUTICS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 738,503 shares; 2024Q4: 734,317 shares; 2025Q1: 667,368 shares; 2025Q2: 667,368 shares; 2025Q3: 670,883 shares; 2025Q4: 668,710 shares 668,710$122M59.3%-2,173Timeline
RNAMAVIDITY BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 427,454 shares; 2024Q4: 420,871 shares; 2025Q1: 421,724 shares; 2025Q2: 428,624 shares; 2025Q3: 446,127 shares; 2025Q4: 446,127 shares 446,127$32.2M15.62%0Timeline
BILSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 324,107 shares; 2024Q4: 298,752 shares; 2025Q1: 306,042 shares; 2025Q2: 311,541 shares; 2025Q3: 311,974 shares; 2025Q4: 236,611 shares 236,611$21.6M10.5%-75,363Timeline
KURAKURA ONCOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 553,542 shares; 2024Q4: 558,442 shares; 2025Q1: 659,177 shares; 2025Q2: 949,285 shares; 2025Q3: 1,388,794 shares; 2025Q4: 1,422,682 shares 1,422,682$14.8M7.18%+33,888Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 14,970 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 13,927 shares 13,927$9.5M4.61%newTimeline
TLTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,123 shares; 2024Q4: 23,123 shares; 2025Q1: 23,123 shares; 2025Q2: 23,123 shares; 2025Q3: 23,123 shares; 2025Q4: 23,123 shares 23,123$2.02M0.98%0Timeline
TEMTEMPUS AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 31,554 shares 31,554$1.86M0.9%newTimeline
CDTXCIDARA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,908 shares; 2024Q4: 14,311 shares; 2025Q1: 14,311 shares; 2025Q2: not reported; 2025Q3: 5,957 shares; 2025Q4: 4,630 shares 4,630$1.02M0.5%-1,327Timeline
HEDJWISDOMTREE TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,020 shares; 2024Q4: 7,925 shares; 2025Q1: 7,925 shares; 2025Q2: 7,925 shares; 2025Q3: 7,925 shares; 2025Q4: 7,430 shares 7,430$394K0.19%-495Timeline
RSPUINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 93,989 shares; 2025Q3: 2,872 shares; 2025Q4: 2,847 shares 2,847$213K0.1%-25Timeline
IMRXIMMUNEERING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 22,935 shares; 2025Q3: 22,935 shares; 2025Q4: 22,935 shares 22,935$151K0.07%0Timeline
TGBTASEKO MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 10,000 shares; 2025Q1: 10,000 shares; 2025Q2: 10,000 shares; 2025Q3: 10,000 shares; 2025Q4: 10,000 shares 10,000$56.6K0.03%0Timeline
LPROOPEN LENDING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,000 shares; 2024Q4: 12,000 shares; 2025Q1: 12,000 shares; 2025Q2: 12,000 shares; 2025Q3: 12,000 shares; 2025Q4: 12,000 shares 12,000$18.6K0.01%0Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
JNJJOHNSON & JOHNSON3,323$616Kshares
VTRVENTAS INC8,040$563Kshares
UNHUNITEDHEALTH GROUP INC1,627$562Kshares
SJMSMUCKER J M CO5,170$561Kshares
CNPCENTERPOINT ENERGY INC13,820$536Kshares
MCDMCDONALDS CORP1,739$528Kshares
EXCEXELON CORP11,693$526Kshares
VZVERIZON COMMUNICATIONS INC11,732$516Kshares
BF-BBROWN FORMAN CORP18,864$511Kshares
EDCONSOLIDATED EDISON INC5,058$508Kshares
AWKAMERICAN WTR WKS CO INC NEW3,648$508Kshares
MAAMID-AMER APT CMNTYS INC3,430$479Kshares
TAPMOLSON COORS BEVERAGE CO10,557$478Kshares
CCICROWN CASTLE INC4,941$477Kshares
INVHINVITATION HOMES INC15,478$454Kshares
PAYXPAYCHEX INC3,493$443Kshares
LKQLKQ CORP13,716$419Kshares
TAT&T INC12,782$361Kshares
LMTLOCKHEED MARTIN CORP663$331Kshares
STZCONSTELLATION BRANDS INC2,362$318Kshares
KURAKURA ONCOLOGY INC150,000$278Kcall
XOMEXXON MOBIL CORP2,379$268Kshares
EATON VANCE CALIFORNIA MUNI…EATON VANCE CALIFORNIA MUNI BO10,658$101Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001549408-26-000001 base2026-02-11acceptance time not in the bulk data set