Sarissa Capital Management LP Long-Term Concentrated

CIK: 0001577524 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $222,909 (100.0% shares, 0.0% debt)

Holdings (9)

New Positions (1)

BHVN BIOHAVEN LTD 2.6%

Value ($000) $5,794 Shares 513,184 Est. Cost $12.39 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BHVN	BIOHAVEN LTD	513,184	$5,794	2.6%	$12.39	0.0%	COM	G1110E107

Increased Positions (1)

AMRN AMARIN CORP PLC 10.5%

Value ($000) $23,352 (+14.7%) Shares 1,673,395 (+34.7%) Est. Cost $15.64 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMRN	AMARIN CORP PLC	1,673,395 (+34.7%)	$23,352 (+14.7%)	10.5%	$15.64	—	SPONSORED ADR	023111404

Decreased Positions (1)

CYTK CYTOKINETICS INC 11.3%

Value ($000) $25,185 (-22.1%) Shares 396,357 (-32.6%) Est. Cost $64.95 Unrealized -4.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CYTK	CYTOKINETICS INC	396,357 (-32.6%)	$25,185 (-22.1%)	11.3%	$64.95	-4.2%	COM NEW	23282W605

Unchanged Positions (6)

IRWD IRONWOOD PHARMACEUTICALS INC 24.1%

Value ($000) $53,648 Shares 15,919,435 Est. Cost $11.52 Unrealized -77.5%

INVA INNOVIVA INC 25.3%

Value ($000) $56,292 Shares 2,816,022 Est. Cost $13.02 Unrealized +50.0%

LNTH LANTHEUS HLDGS INC 5.4%

Value ($000) $12,075 Shares 181,450 Est. Cost $81.14 Unrealized -28.3%

VOR VOR BIOPHARMA INC 0.1%

Value ($000) $332 Shares 25,399 Est. Cost $40.21 Unrealized -53.7%

REGN REGENERON PHARMACEUTICALS 1.5%

Value ($000) $3,234 Shares 4,190 Est. Cost $564.28 Unrealized +20.3%

NBIX NEUROCRINE BIOSCIENCES INC 19.3%

Value ($000) $42,996 Shares 303,151 Est. Cost $108.95 Unrealized +33.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IRWD	IRONWOOD PHARMACEUTICALS INC	15,919,435	$53,648	24.1%	$11.52	-77.5%	COM CL A	46333X108
INVA	INNOVIVA INC	2,816,022	$56,292	25.3%	$13.02	+50.0%	COM	45781M101
LNTH	LANTHEUS HLDGS INC	181,450	$12,075	5.4%	$81.14	-28.3%	COM	516544103
VOR	VOR BIOPHARMA INC	25,399	$332	0.1%	$40.21	-53.7%	COM NEW	929033207
REGN	REGENERON PHARMACEUTICALS	4,190	$3,234	1.5%	$564.28	+20.3%	COM	75886F107
NBIX	NEUROCRINE BIOSCIENCES INC	303,151	$42,996	19.3%	$108.95	+33.0%	COM	64125C109