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MONTANOVA CAPITAL, LLC

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13F filer, CIK 1569064, New York, NY

MONTANOVA CAPITAL, LLC reported $4,881,761,500 across 93 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 36.43% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-001088

Period
2025-12-31
Reported value
$4.88B
Holdings
93
Top 10 weight
36.43%
New
15
Sold out
15

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SYYnew+1,083,790$79.9M
LEGNadded+2,790,620$60.7M
NOWadded+367,445$56.3M
BHVNadded+4,666,666$52.7M
CAPRnew+1,785,610$51.5M

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
89BIO INCexited-8,280,000-$122M
KDPexited-1,570,000-$40.1M
FERGreduced-147,070-$32.7M
RNAMexited-750,000-$32.7M
MRVLexited-272,300-$22.9M

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 0001172661-26-001088, largest first. % of portfolio is the value over $4,011,445,351, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ARQTARCUTIS BIOTHERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,721,511 shares; 2024Q4: 11,399,138 shares; 2025Q1: 11,422,978 shares; 2025Q2: 11,535,582 shares; 2025Q3: 10,478,000 shares; 2025Q4: 11,964,000 shares 11,964,000$347M8.66%+1,486,000Timeline
BNTCBENITEC BIOPHARMA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,829,053 shares; 2024Q4: 8,960,009 shares; 2025Q1: 9,876,506 shares; 2025Q2: 9,876,506 shares; 2025Q3: 9,876,506 shares; 2025Q4: 11,548,351 shares 11,548,351$156M3.88%+1,671,845Timeline
LEGNLEGEND BIOTECH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,496,234 shares; 2025Q1: 3,749,965 shares; 2025Q2: 3,774,009 shares; 2025Q3: 3,818,009 shares; 2025Q4: 6,608,629 shares 6,608,629$144M3.58%+2,790,620Timeline
EYPTEYEPOINT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,175,823 shares; 2024Q4: 6,783,091 shares; 2025Q1: 6,804,091 shares; 2025Q2: 6,804,091 shares; 2025Q3: 6,192,715 shares; 2025Q4: 7,827,685 shares 7,827,685$143M3.57%+1,634,970Timeline
RCUSARCUS BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 663,603 shares; 2024Q4: 576,156 shares; 2025Q1: 2,560,904 shares; 2025Q2: 3,688,858 shares; 2025Q3: 3,688,858 shares; 2025Q4: 5,188,858 shares 5,188,858$124M3.08%+1,500,000Timeline
IMTXIMMATICS N.VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,065,277 shares; 2025Q1: 9,135,029 shares; 2025Q2: 12,030,129 shares; 2025Q3: 12,030,129 shares; 2025Q4: 11,190,129 shares 11,190,129$117M2.93%-840,000Timeline
BHVNBIOHAVEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,199,219 shares; 2024Q4: 5,620,271 shares; 2025Q1: 5,620,271 shares; 2025Q2: 5,620,271 shares; 2025Q3: 5,620,271 shares; 2025Q4: 10,286,937 shares 10,286,937$116M2.9%+4,666,666Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 168,488 shares; 2024Q4: 170,338 shares; 2025Q1: 179,664 shares; 2025Q2: 169,845 shares; 2025Q3: 170,973 shares; 2025Q4: 169,069 shares 169,069$112M2.78%-1,904Timeline
APLSAPELLIS PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 793,187 shares; 2025Q1: 1,646,615 shares; 2025Q2: 2,878,000 shares; 2025Q3: 2,878,000 shares; 2025Q4: 4,139,426 shares 4,139,426$104M2.59%+1,261,426Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 180,756 shares; 2025Q1: 352,765 shares; 2025Q2: 499,562 shares; 2025Q3: 483,535 shares; 2025Q4: 530,900 shares 530,900$99M2.47%+47,365Timeline
KOCOCA COLA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 588,912 shares; 2024Q4: 1,137,853 shares; 2025Q1: 415,720 shares; 2025Q2: 1,233,230 shares; 2025Q3: 1,455,080 shares; 2025Q4: 1,382,750 shares 1,382,750$96.7M2.41%-72,330Timeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,662 shares; 2024Q4: 200,662 shares; 2025Q1: 200,662 shares; 2025Q2: 310,262 shares; 2025Q3: 310,262 shares; 2025Q4: 310,262 shares 310,262$95.6M2.38%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 352,069 shares; 2024Q4: 351,281 shares; 2025Q1: 354,356 shares; 2025Q2: 257,625 shares; 2025Q3: 218,547 shares; 2025Q4: 406,146 shares 406,146$93.7M2.34%+187,599Timeline
PVLAPALVELLA THERAPEUTICS INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 714,463 shares; 2025Q1: 714,463 shares; 2025Q2: 714,463 shares; 2025Q3: 822,400 shares; 2025Q4: 892,400 shares 892,400$93.4M2.33%+70,000Timeline
KURAKURA ONCOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,652,782 shares; 2024Q4: 5,076,448 shares; 2025Q1: 7,439,259 shares; 2025Q2: 8,116,000 shares; 2025Q3: 8,116,000 shares; 2025Q4: 8,575,422 shares 8,575,422$89.1M2.22%+459,422Timeline
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 753,913 shares; 2025Q2: 927,190 shares; 2025Q3: 1,160,330 shares; 2025Q4: 1,517,630 shares 1,517,630$83.5M2.08%+357,300Timeline
AMDADVANCED MICRO DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 346,575 shares; 2024Q4: 337,415 shares; 2025Q1: 404,008 shares; 2025Q2: 398,799 shares; 2025Q3: 398,799 shares; 2025Q4: 389,576 shares 389,576$83.4M2.08%-9,223Timeline
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 97,571 shares; 2025Q2: 130,721 shares; 2025Q3: 197,311 shares; 2025Q4: 240,861 shares 240,861$82.9M2.07%+43,550Timeline
AVBPARRIVENT BIOPHARMA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,845,162 shares; 2024Q4: 2,246,000 shares; 2025Q1: 2,337,496 shares; 2025Q2: 3,412,788 shares; 2025Q3: 3,703,452 shares; 2025Q4: 4,106,035 shares 4,106,035$82.6M2.06%+402,583Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 348,742 shares; 2024Q4: 345,912 shares; 2025Q1: 350,514 shares; 2025Q2: 300,401 shares; 2025Q3: 277,201 shares; 2025Q4: 271,401 shares 271,401$82.5M2.06%-5,800Timeline
SYYSYSCO 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: not reported; 2025Q3: not reported; 2025Q4: 1,083,790 shares 1,083,790$79.9M1.99%newTimeline
APOAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 465,050 shares; 2024Q4: 464,140 shares; 2025Q1: 396,540 shares; 2025Q2: 428,460 shares; 2025Q3: 431,260 shares; 2025Q4: 542,890 shares 542,890$78.6M1.96%+111,630Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 96,526 shares; 2024Q4: 118,397 shares; 2025Q1: 180,125 shares; 2025Q2: 98,828 shares; 2025Q3: 109,455 shares; 2025Q4: 159,695 shares 159,695$77.2M1.93%+50,240Timeline
KALVKALVISTA PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,212,005 shares; 2024Q4: 4,913,012 shares; 2025Q1: 4,913,012 shares; 2025Q2: 4,955,000 shares; 2025Q3: 4,768,712 shares; 2025Q4: 4,768,712 shares 4,768,712$77M1.92%0Timeline
CMPXCOMPASS THERAPEUTICS 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: 7,149,493 shares; 2025Q3: 14,101,159 shares; 2025Q4: 14,182,379 shares 14,182,379$76.2M1.9%+81,220Timeline
FULCFULCRUM THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,182,791 shares; 2024Q4: 3,338,466 shares; 2025Q1: 5,067,394 shares; 2025Q2: 5,082,900 shares; 2025Q3: 5,381,000 shares; 2025Q4: 6,561,111 shares 6,561,111$74.2M1.85%+1,180,111Timeline
NOWSERVICENOW 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: 22,000 shares; 2025Q4: 389,445 shares 389,445$59.7M1.49%+367,445Timeline
DHRDANAHER CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,427 shares; 2024Q4: 13,600 shares; 2025Q1: 13,600 shares; 2025Q2: 174,700 shares; 2025Q3: 255,800 shares; 2025Q4: 244,300 shares 244,300$55.9M1.39%-11,500Timeline
MLYSMINERALYS THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,667,759 shares; 2025Q2: 1,744,492 shares; 2025Q3: 2,132,133 shares; 2025Q4: 1,538,662 shares 1,538,662$55.8M1.39%-593,471Timeline
ERASERASCA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,768,039 shares; 2024Q4: 12,315,004 shares; 2025Q1: 12,315,004 shares; 2025Q2: 14,502,004 shares; 2025Q3: 14,502,004 shares; 2025Q4: 14,502,004 shares 14,502,004$53.9M1.34%0Timeline
CRMSALESFORCE 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: 125,250 shares; 2025Q4: 199,900 shares 199,900$53M1.32%+74,650Timeline
GLUEMONTE ROSA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,659,000 shares; 2024Q4: 1,563,798 shares; 2025Q1: 1,563,798 shares; 2025Q2: 3,360,000 shares; 2025Q3: 3,360,000 shares; 2025Q4: 3,360,000 shares 3,360,000$52.7M1.31%0Timeline
CAPRCAPRICOR THERAPEUTICS 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: 1,785,610 shares 1,785,610$51.5M1.28%newTimeline
RAREULTRAGENYX PHARMACEUTICAL INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,151,314 shares; 2024Q4: 1,151,314 shares; 2025Q1: 2,024,500 shares; 2025Q2: 2,278,000 shares; 2025Q3: 2,019,000 shares; 2025Q4: 2,019,000 shares 2,019,000$46.4M1.16%0Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 237,094 shares; 2024Q4: 226,318 shares; 2025Q1: 226,318 shares; 2025Q2: 230,728 shares; 2025Q3: 226,318 shares; 2025Q4: 226,318 shares 226,318$44.1M1.1%0Timeline
MGMMGM RESORTS INTERNATIONALQuarterly 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: 1,202,070 shares 1,202,070$43.9M1.09%newTimeline
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 235,600 shares; 2024Q4: 251,642 shares; 2025Q1: 245,222 shares; 2025Q2: 194,160 shares; 2025Q3: 238,770 shares; 2025Q4: 171,970 shares 171,970$41.7M1.04%-66,800Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 193,842 shares; 2024Q4: 163,630 shares; 2025Q1: 122,016 shares; 2025Q2: 92,357 shares; 2025Q3: 91,252 shares; 2025Q4: 91,252 shares 91,252$41M1.02%0Timeline
MSOSADVISORSHARES TRQuarterly 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: 7,167,000 shares; 2025Q4: 8,669,600 shares 8,669,600$40.9M1.02%+1,502,600Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 146,845 shares; 2024Q4: 75,198 shares; 2025Q1: 29,900 shares; 2025Q2: 68,000 shares; 2025Q3: 96,220 shares; 2025Q4: 111,320 shares 111,320$36.7M0.92%+15,100Timeline
FERGFERGUSON ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 225,210 shares; 2024Q4: 245,530 shares; 2025Q1: 129,924 shares; 2025Q2: 189,660 shares; 2025Q3: 306,260 shares; 2025Q4: 159,190 shares 159,190$35.4M0.88%-147,070Timeline
BSXBOSTON SCIENTIFIC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 251,689 shares; 2024Q4: 397,679 shares; 2025Q1: 262,099 shares; 2025Q2: 353,561 shares; 2025Q3: 353,561 shares; 2025Q4: 353,561 shares 353,561$33.7M0.84%0Timeline
CTNMCONTINEUM THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,720,000 shares; 2024Q4: 1,720,000 shares; 2025Q1: 1,720,000 shares; 2025Q2: 1,720,000 shares; 2025Q3: 1,720,000 shares; 2025Q4: 2,841,334 shares 2,841,334$32.5M0.81%+1,121,334Timeline
ZURAZURA BIO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,860,939 shares; 2024Q4: 4,860,939 shares; 2025Q1: 4,860,939 shares; 2025Q2: 4,860,939 shares; 2025Q3: 5,472,891 shares; 2025Q4: 5,567,001 shares 5,567,001$29.2M0.73%+94,110Timeline
QUREUNIQURE NVQuarterly 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: 1,216,734 shares 1,216,734$29.1M0.73%newTimeline
PROKPROKIDNEY 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: not reported; 2025Q3: 12,341,266 shares; 2025Q4: 12,341,266 shares 12,341,266$27.6M0.69%0Timeline
COHRCOHERENT 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: not reported; 2025Q3: not reported; 2025Q4: 137,930 shares 137,930$25.5M0.63%newTimeline
CMGCHIPOTLE MEXICAN GRILL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 539,540 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 686,300 shares 686,300$25.4M0.63%newTimeline
AURAAURA BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,731,886 shares; 2025Q2: 4,372,884 shares; 2025Q3: 4,372,884 shares; 2025Q4: 4,372,884 shares 4,372,884$23.8M0.59%0Timeline
TNGXTANGO THERAPEUTICS 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: 2,662,227 shares 2,662,227$23.6M0.59%newTimeline
BIIBBIOGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,946 shares; 2024Q4: 115,436 shares; 2025Q1: 120,736 shares; 2025Q2: 151,890 shares; 2025Q3: 168,190 shares; 2025Q4: 132,290 shares 132,290$23.3M0.58%-35,900Timeline
DKSDICKS SPORTING GOODS 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: 260,465 shares; 2025Q3: 128,290 shares; 2025Q4: 114,300 shares 114,300$22.6M0.56%-13,990Timeline
GSGOLDMAN SACHS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 108,308 shares; 2024Q4: 74,198 shares; 2025Q1: 25,538 shares; 2025Q2: 24,108 shares; 2025Q3: 24,108 shares; 2025Q4: 24,108 shares 24,108$21.2M0.53%0Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 138,447 shares; 2024Q4: 139,986 shares; 2025Q1: 109,386 shares; 2025Q2: 132,786 shares; 2025Q3: 132,786 shares; 2025Q4: 98,786 shares 98,786$20.4M0.51%-34,000Timeline
INSMINSMED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,635,709 shares; 2024Q4: 1,611,561 shares; 2025Q1: 1,492,383 shares; 2025Q2: 238,783 shares; 2025Q3: 217,783 shares; 2025Q4: 109,313 shares 109,313$19M0.47%-108,470Timeline
ABEOABEONA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,685,503 shares; 2024Q4: 3,685,503 shares; 2025Q1: 3,685,503 shares; 2025Q2: 2,676,000 shares; 2025Q3: 2,676,000 shares; 2025Q4: 2,676,000 shares 2,676,000$14.1M0.35%0Timeline
LXEOLEXEO THERAPEUTICS 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: 1,250,000 shares 1,250,000$12.4M0.31%newTimeline
RCKTROCKET PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,566,951 shares; 2025Q1: 3,502,000 shares; 2025Q2: 4,143,333 shares; 2025Q3: 3,843,333 shares; 2025Q4: 2,992,735 shares 2,992,735$10.5M0.26%-850,598Timeline
MOLNMOLECULAR PARTNERS AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 400,000 shares; 2024Q4: 2,221,494 shares; 2025Q1: 2,221,494 shares; 2025Q2: 2,221,494 shares; 2025Q3: 2,221,494 shares; 2025Q4: 2,221,494 shares 2,221,494$9.68M0.24%0Timeline
EXASEXACT SCIENCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 94,100 shares; 2024Q4: 94,100 shares; 2025Q1: 94,100 shares; 2025Q2: 94,100 shares; 2025Q3: 94,100 shares; 2025Q4: 94,100 shares 94,100$9.56M0.24%0Timeline
WHWKWHITEHAWK THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,700,000 shares; 2025Q2: 3,700,000 shares; 2025Q3: 3,700,000 shares; 2025Q4: 3,700,000 shares 3,700,000$8.95M0.22%0Timeline
IFRXINFLARX NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,733,910 shares; 2024Q4: 5,733,910 shares; 2025Q1: 6,483,910 shares; 2025Q2: 6,483,910 shares; 2025Q3: 6,483,910 shares; 2025Q4: 7,933,910 shares 7,933,910$8.01M0.2%+1,450,000Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,260 shares; 2024Q4: 7,900 shares; 2025Q1: 7,900 shares; 2025Q2: 7,900 shares; 2025Q3: 13,400 shares; 2025Q4: 13,400 shares 13,400$7.76M0.19%0Timeline
ABTABBOTT LABORATORIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,520 shares; 2024Q4: 33,520 shares; 2025Q1: 58,820 shares; 2025Q2: 40,520 shares; 2025Q3: 51,020 shares; 2025Q4: 51,020 shares 51,020$6.39M0.16%0Timeline
MRNAMODERNA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 517,163 shares; 2025Q2: 517,163 shares; 2025Q3: not reported; 2025Q4: 205,593 shares 205,593$6.06M0.15%newTimeline
KZRKEZAR LIFE SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 716,759 shares; 2025Q1: 716,759 shares; 2025Q2: 716,759 shares; 2025Q3: 716,759 shares; 2025Q4: 716,759 shares 716,759$4.51M0.11%0Timeline
CORCENCORA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,488 shares; 2024Q4: 12,488 shares; 2025Q1: 12,488 shares; 2025Q2: 12,488 shares; 2025Q3: 12,488 shares; 2025Q4: 12,488 shares 12,488$4.22M0.11%0Timeline
UTHRUNITED THERAPEUTICS CORP DELQuarterly 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: 7,500 shares; 2025Q4: 7,500 shares 7,500$3.65M0.09%0Timeline
ISRGINTUITIVE SURGICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,200 shares; 2024Q4: 5,200 shares; 2025Q1: 5,200 shares; 2025Q2: 5,200 shares; 2025Q3: 5,200 shares; 2025Q4: 5,200 shares 5,200$2.95M0.07%0Timeline
MTDMETTLER TOLEDO INTERNATIONALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,964 shares; 2024Q4: 1,964 shares; 2025Q1: 1,964 shares; 2025Q2: 1,964 shares; 2025Q3: 1,964 shares; 2025Q4: 1,964 shares 1,964$2.74M0.07%0Timeline
MDTMEDTRONIC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,460 shares; 2024Q4: 17,460 shares; 2025Q1: 25,060 shares; 2025Q2: 25,060 shares; 2025Q3: 25,060 shares; 2025Q4: 25,060 shares 25,060$2.41M0.06%0Timeline
NTRANATERA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,100 shares; 2024Q4: 10,100 shares; 2025Q1: 10,100 shares; 2025Q2: 10,100 shares; 2025Q3: 10,100 shares; 2025Q4: 10,100 shares 10,100$2.31M0.06%0Timeline
DXCMDEXCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,680 shares; 2024Q4: 31,680 shares; 2025Q1: 31,680 shares; 2025Q2: 31,680 shares; 2025Q3: 31,680 shares; 2025Q4: 31,680 shares 31,680$2.1M0.05%0Timeline
SYKSTRYKER CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,360 shares; 2024Q4: 4,360 shares; 2025Q1: 5,860 shares; 2025Q2: 5,860 shares; 2025Q3: 5,860 shares; 2025Q4: 5,860 shares 5,860$2.06M0.05%0Timeline
MDLNMEDLINE 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: 42,500 shares 42,500$1.78M0.04%newTimeline
IQVIQVIA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,175 shares; 2024Q4: 7,175 shares; 2025Q1: 7,175 shares; 2025Q2: 7,175 shares; 2025Q3: 7,175 shares; 2025Q4: 7,175 shares 7,175$1.62M0.04%0Timeline
MCKMCKESSON CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,830 shares; 2024Q4: 1,830 shares; 2025Q1: 1,830 shares; 2025Q2: 1,830 shares; 2025Q3: 1,830 shares; 2025Q4: 1,830 shares 1,830$1.5M0.04%0Timeline
HCAHCA HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,190 shares; 2024Q4: 3,190 shares; 2025Q1: 3,190 shares; 2025Q2: 3,190 shares; 2025Q3: 3,190 shares; 2025Q4: 3,190 shares 3,190$1.49M0.04%0Timeline
WATWATERS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,150 shares; 2024Q4: 3,150 shares; 2025Q1: 3,150 shares; 2025Q2: 3,150 shares; 2025Q3: 3,150 shares; 2025Q4: 3,150 shares 3,150$1.2M0.03%0Timeline
EWEDWARDS LIFESCIENCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,100 shares; 2024Q4: 11,100 shares; 2025Q1: 11,100 shares; 2025Q2: 11,100 shares; 2025Q3: 11,100 shares; 2025Q4: 11,100 shares 11,100$946K0.02%0Timeline
IONSIONIS PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,800 shares; 2024Q4: 10,800 shares; 2025Q1: 10,800 shares; 2025Q2: 10,800 shares; 2025Q3: 10,800 shares; 2025Q4: 10,800 shares 10,800$854K0.02%0Timeline
AAGILENT TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,990 shares; 2024Q4: 4,990 shares; 2025Q1: 4,990 shares; 2025Q2: 4,990 shares; 2025Q3: 4,990 shares; 2025Q4: 4,990 shares 4,990$679K0.02%0Timeline
RMDRESMED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,390 shares; 2024Q4: 2,390 shares; 2025Q1: 2,390 shares; 2025Q2: 2,390 shares; 2025Q3: 2,390 shares; 2025Q4: 2,390 shares 2,390$576K0.01%0Timeline
VLTOVERALTO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,475 shares; 2024Q4: 5,475 shares; 2025Q1: 5,475 shares; 2025Q2: 5,475 shares; 2025Q3: 5,475 shares; 2025Q4: 5,475 shares 5,475$546K0.01%0Timeline
VRDNVIRIDIAN THERAPEUTICS 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: 16,700 shares 16,700$520K0.01%newTimeline
STESTERIS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,530 shares; 2024Q4: 1,530 shares; 2025Q1: 1,530 shares; 2025Q2: 1,530 shares; 2025Q3: 1,530 shares; 2025Q4: 1,530 shares 1,530$388K0.01%0Timeline
SRPTSAREPTA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 17,888 shares; 2025Q1: 17,888 shares; 2025Q2: 17,888 shares; 2025Q3: 17,888 shares; 2025Q4: 17,888 shares 17,888$385K0.01%0Timeline
REPLREPLIMUNE GROUP 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: 36,038 shares 36,038$350K0.01%newTimeline
ZBHZIMMER BIOMET HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,260 shares; 2024Q4: 3,260 shares; 2025Q1: 3,260 shares; 2025Q2: 3,260 shares; 2025Q3: 3,260 shares; 2025Q4: 3,260 shares 3,260$293K0.01%0Timeline
CRLCHARLES RIV LABS INTL 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: 1,010 shares 1,010$201K0.01%newTimeline

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 SHSput800,000$546M0
ARKGARK ETF TR GENOMIC REV ETFput8,342,300$242Mnew
HIMSHIMS & HERS HEALTH INC COM CL Aput2,559,400$83.1Mnew

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
89BIO INC89BIO INC8,280,000$122Mshares
XBISPDR SERIES TRUST500,000$50.1Mput
KDPKEURIG DR PEPPER INC1,570,000$40.1Mshares
RNAMAVIDITY BIOSCIENCES INC750,000$32.7Mshares
KDPKEURIG DR PEPPER INC1,000,000$25.5Mcall
MRVLMARVELL TECHNOLOGY INC272,300$22.9Mshares
SNOWSNOWFLAKE INC89,200$20.1Mshares
MRKMERCK & CO INC219,178$18.4Mshares
PINSPINTEREST INC497,185$16Mshares
REGNREGENERON PHARMACEUTICALS17,730$9.97Mshares
SUTRO BIOPHARMA INCSUTRO BIOPHARMA INC6,488,324$5.63Mshares
ELANELANCO ANIMAL HEALTH INC253,600$5.11Mshares
LKFTLAKEFRONT BIOTHERAPEUTICS NV37,111$1.29Mshares
AVTRAVANTOR INC71,850$897Kshares
PACSPACS GROUP INC20,000$275Kshares

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 0001172661-26-001088 base2026-02-17acceptance time not in the bulk data set