Propel Bio Management, LLC Diversified Active

Location: Los Angeles, CA

CIK: 0001969764 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 11, 2026

Total Value: $117M (100.0% shares, 0.0% debt)

Holdings (20)

PAGP PLAINS GP HLDGS L P 20.8%

Value $24.35M Shares 1,272,360 Est. Cost $18.82 Unrealized —

ACHV ACHIEVE LIFE SCIENCES INC 16.1%

Value $18.82M Shares 3,786,425 Est. Cost $3.48 Unrealized +25.2%

PHAT PHATHOM PHARMACEUTICALS INC 10.5%

Value $12.29M Shares 740,918 Est. Cost $10.07 Unrealized +41.8%

VRDN VIRIDIAN THERAPEUTICS INC 7.5%

Value $8.792M Shares 282,531 Est. Cost $24.44 Unrealized +12.2%

MIST MILESTONE PHARMACEUTICALS 7.1%

Value $8.319M Shares 4,118,321 Est. Cost $1.80 Unrealized +20.0%

KYTX KYVERNA THERAPEUTICS INC 5.4%

Value $6.267M Shares 666,666 Est. Cost $7.42 Unrealized 0.0%

CMPS COMPASS PATHWAYS PLC 5.1%

Value $5.946M Shares 861,778 Est. Cost $6.21 Unrealized —

IVA INVENTIVA SA - ADR 4.0%

Value $4.65M Shares 1,000,000 Est. Cost $4.65 Unrealized —

DCTH DELCATH SYSTEMS INC 3.8%

Value $4.429M Shares 438,509 Est. Cost $12.56 Unrealized -20.8%

ABEO ABEONA THERAPEUTICS INC 3.7%

Value $4.378M Shares 830,780 Est. Cost $5.31 Unrealized -5.3%

CLDX CELLDEX THERAPEUTICS INC 3.6%

Value $4.191M Shares 154,300 Est. Cost $23.17 Unrealized +13.7%

NKTR NEKTAR THERAPEUTICS 3.0%

Value $3.502M Shares 82,822 Est. Cost $42.44 Unrealized +31.9%

OCS OCULIS HOLDING AG 2.9%

Value $3.452M Shares 172,839 Est. Cost $20.00 Unrealized 0.0%

SABS SAB BIOTHERAPEUTICS INC 2.1%

Value $2.442M Shares 652,881 Est. Cost $3.29 Unrealized 0.0%

RGNX REGENXBIO INC 1.4%

Value $1.683M Shares 116,896 Est. Cost $12.46 Unrealized 0.0%

LONA ATHIRA PHARMA INC 1.0%

Value $1.13M Shares 149,279 Est. Cost $3.92 Unrealized +16.7%

LENZ LENZ THERAPEUTICS INC 0.8%

Value $945K Shares 59,085 Est. Cost $29.15 Unrealized 0.0%

AARD AARDVARK THERAPEUTICS INC 0.5%

Value $609K Shares 46,408 Est. Cost $12.48 Unrealized 0.0%

ZVRA ZEVRA THERAPEUTICS INC 0.5%

Value $571K Shares 63,683 Est. Cost $7.08 Unrealized +33.6%

KLRS KALARIS THERAPEUTICS INC 0.3%

Value $355K Shares 42,053 Est. Cost $6.39 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PAGP	PLAINS GP HLDGS L P	1,272,360	$24.35M	20.8%	$18.82	—	LTD PARTNR INT A	72651A207
ACHV	ACHIEVE LIFE SCIENCES INC	3,786,425	$18.82M	16.1%	$3.48	+25.2%	COM	004468500
PHAT	PHATHOM PHARMACEUTICALS INC	740,918	$12.29M	10.5%	$10.07	+41.8%	COM	71722W107
VRDN	VIRIDIAN THERAPEUTICS INC	282,531	$8.792M	7.5%	$24.44	+12.2%	COM	92790C104
MIST	MILESTONE PHARMACEUTICALS	4,118,321	$8.319M	7.1%	$1.80	+20.0%	COM	59935V107
KYTX	KYVERNA THERAPEUTICS INC	666,666	$6.267M	5.4%	$7.42	0.0%	COM	501976104
CMPS	COMPASS PATHWAYS PLC	861,778	$5.946M	5.1%	$6.21	—	SPONSORED ADS	20451W101
IVA	INVENTIVA SA - ADR	1,000,000	$4.65M	4.0%	$4.65	—	ADS	46124U107
DCTH	DELCATH SYSTEMS INC	438,509	$4.429M	3.8%	$12.56	-20.8%	COM NEW	24661P807
ABEO	ABEONA THERAPEUTICS INC	830,780	$4.378M	3.7%	$5.31	-5.3%	COM NEW	00289Y206
CLDX	CELLDEX THERAPEUTICS INC	154,300	$4.191M	3.6%	$23.17	+13.7%	COM NEW	15117B202
NKTR	NEKTAR THERAPEUTICS	82,822	$3.502M	3.0%	$42.44	+31.9%	COM NEW	640268306
OCS	OCULIS HOLDING AG	172,839	$3.452M	2.9%	$20.00	0.0%	ORDINARY SHARES	H5870P102
SABS	SAB BIOTHERAPEUTICS INC	652,881	$2.442M	2.1%	$3.29	0.0%	COM NEW	78397T202
RGNX	REGENXBIO INC	116,896	$1.683M	1.4%	$12.46	0.0%	COM	75901B107
LONA	ATHIRA PHARMA INC	149,279	$1.13M	1.0%	$3.92	+16.7%	COM	04746L203
LENZ	LENZ THERAPEUTICS INC	59,085	$945K	0.8%	$29.15	0.0%	COM	52635N103
AARD	AARDVARK THERAPEUTICS INC	46,408	$609K	0.5%	$12.48	0.0%	COM	002942100
ZVRA	ZEVRA THERAPEUTICS INC	63,683	$571K	0.5%	$7.08	+33.6%	COM NEW	488445206
KLRS	KALARIS THERAPEUTICS INC	42,053	$355K	0.3%	$6.39	0.0%	COM	482929106