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ALETHEA CAPITAL MANAGEMENT, LLC

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13F filer, CIK 1549408, MERCER ISLAND, WA

ALETHEA CAPITAL MANAGEMENT, LLC reported $194,925,717 across 14 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-13. Its ten largest share positions make up 99.89% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001549408-26-000002

Period
2026-03-31
Reported value
$195M
Holdings
14
Top 10 weight
99.89%
New
4
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BILadded+403,427$37M
KURAadded+106,687$867K
RNAnew+43,758$585K
WFCnew+6,030$480K
GPKnew+16,330$162K

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
RNAMexited-446,127-$32.2M
SPYreduced-13,737-$8.93M
AXSMreduced-19,596-$3.31M
CDTXexited-4,630-$1.02M
RSPUexited-2,847-$213K

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, Q1 2026

Share positions as resolved from 13F-HR 0001549408-26-000002, largest first. % of portfolio is the value over $186,146,127, 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; 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; 2026Q1: 649,114 shares 649,114$110M58.94%-19,596Timeline
BILSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 640,038 shares 640,038$58.7M31.51%+403,427Timeline
KURAKURA ONCOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 1,529,369 shares 1,529,369$12.4M6.68%+106,687Timeline
TLTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 22,831 shares 22,831$1.98M1.06%-292Timeline
TEMTEMPUS AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 31,554 shares; 2026Q1: 31,554 shares 31,554$1.43M0.77%0Timeline
RNAATRIUM THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 43,758 shares 43,758$585K0.31%newTimeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 6,030 shares 6,030$480K0.26%newTimeline
HEDJWISDOMTREE TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 7,430 shares 7,430$389K0.21%0Timeline
GPKGRAPHIC PACKAGING HLDG COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 16,330 shares 16,330$162K0.09%newTimeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 14,970 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 13,927 shares; 2026Q1: 190 shares 190$124K0.07%-13,737Timeline
IMRXIMMUNEERING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 22,935 shares; 2025Q3: 22,935 shares; 2025Q4: 22,935 shares; 2026Q1: 22,935 shares 22,935$121K0.06%0Timeline
TGBTASEKO MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 10,000 shares 10,000$64.5K0.03%0Timeline
LPROOPEN LENDING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 12,000 shares 12,000$15K0.01%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SPYSTATE STR SPDR S&P 500 ETF T SHSput13,500$8.78Mnew

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
RNAMAVIDITY BIOSCIENCES INC446,127$32.2Mshares
CDTXCIDARA THERAPEUTICS INC4,630$1.02Mshares
RSPUINVESCO EXCHANGE TRADED FD T2,847$213Kshares

How Q1 2026 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 0001549408-26-000002 base2026-05-13acceptance time not in the bulk data set