Lion Point Capital, LP Hedge Fund

CIK: 0001643354 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Nov 14, 2023

Total Value ($000): $224,428 (99.7% shares, 0.3% debt)

Holdings (31)

SMTC SEMTECH CORP 28.7%

Value ($000) $64,375 Shares 2,500,000 Est. Cost $31.27 Unrealized -16.0%

SMTC SEMTECH CORP 28.1%

Value ($000) $63,161 Shares 2,452,855 Est. Cost $31.27 Unrealized -16.0%

IWM ISHARES TR 13.0%

Value ($000) $29,162 Shares 165,000 Est. Cost — Unrealized —

SPY SPDR S&P 500 ETF TRUST 9.5%

Value ($000) $21,374 Shares 50,000 Est. Cost — Unrealized —

— MARINUS PHARMACEUTICALS INC 7.7%

Value ($000) $17,270 Shares 2,145,337 Est. Cost $11.62 Unrealized —

ARDX ARDELYX INC 2.1%

Value ($000) $4,801 Shares 1,176,667 Est. Cost $1.61 Unrealized +141.8%

— BURGERFI INTERNATIONAL INC 1.4%

Value ($000) $3,185 Shares 2,745,938 Est. Cost $13.69 Unrealized —

BATL BATTALION OIL CORPORATION 1.0%

Value ($000) $2,354 Shares 380,891 Est. Cost $9.85 Unrealized -31.2%

— KINIKSA PHARMACEUTICALS LTD 1.0%

Value ($000) $2,270 Shares 130,691 Est. Cost $11.03 Unrealized —

INSM INSMED INC 0.8%

Value ($000) $1,776 Shares 70,335 Est. Cost $21.50 Unrealized +6.4%

— SERES THERAPEUTICS INC 0.7%

Value ($000) $1,646 Shares 691,803 Est. Cost $6.30 Unrealized —

— BLUEBIRD BIO INC 0.7%

Value ($000) $1,615 Shares 531,256 Est. Cost $3.29 Unrealized —

MIST MILESTONE PHARMACEUTICALS IN 0.6%

Value ($000) $1,396 Shares 450,207 Est. Cost $6.59 Unrealized -52.8%

— CYMABAY THERAPEUTICS INC 0.5%

Value ($000) $1,229 Shares 82,425 Est. Cost $3.21 Unrealized —

— DURECT CORP 0.5%

Value ($000) $1,064 Shares 427,455 Est. Cost $5.50 Unrealized —

MIRM MIRUM PHARMACEUTICALS INC 0.4%

Value ($000) $853 Shares 27,000 Est. Cost $23.32 Unrealized +17.4%

FENC FENNEC PHARMACEUTICALS INC 0.4%

Value ($000) $826 Shares 110,000 Est. Cost $8.31 Unrealized -2.1%

— AVADEL PHARMACEUTICALS PLC 0.4%

Value ($000) $824 Shares 80,000 Est. Cost $10.30 Unrealized —

ACRS ACLARIS THERAPEUTICS INC 0.4%

Value ($000) $794 Shares 115,898 Est. Cost $12.48 Unrealized -31.5%

TVTX TRAVERE THERAPEUTICS INC 0.3%

Value ($000) $697 Shares 78,000 Est. Cost $14.11 Unrealized 0.0%

HUMA HUMACYTE INC 0.3%

Value ($000) $689 Shares 235,000 Est. Cost $3.31 Unrealized 0.0%

— TRAVERE THERAPEUTICS INC 0.3%

Value ($000) $648 Shares 1,000,000 Est. Cost $0.65 Unrealized —

REPL REPLIMUNE GROUP INC 0.3%

Value ($000) $599 Shares 35,000 Est. Cost $19.64 Unrealized 0.0%

SNDX SYNDAX PHARMACEUTICALS INC 0.2%

Value ($000) $501 Shares 34,500 Est. Cost $20.82 Unrealized -9.1%

WHWK AADI BIOSCIENCE INC 0.2%

Value ($000) $399 Shares 82,423 Est. Cost $7.77 Unrealized -25.2%

— HARPOON THERAPEUTICS INC 0.1%

Value ($000) $332 Shares 82,458 Est. Cost $4.03 Unrealized —

— LUMOS PHARMA INC 0.1%

Value ($000) $300 Shares 90,794 Est. Cost $6.23 Unrealized —

— BURGERFI INTERNATIONAL INC 0.1%

Value ($000) $235 Shares 2,083,438 Est. Cost — Unrealized —

MSFT MICROSOFT CORP 0.0%

Value ($000) $32 Shares 100 Est. Cost $256.88 Unrealized +26.4%

GOOG ALPHABET INC 0.0%

Value ($000) $13 Shares 100 Est. Cost $95.84 Unrealized +34.7%

CVX CHEVRON CORP NEW 0.0%

Value ($000) $8 Shares 46 Est. Cost $145.76 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SMTC	SEMTECH CORP	2,500,000	$64,375	28.7%	$31.27	-16.0%	Call	816850101
SMTC	SEMTECH CORP	2,452,855	$63,161	28.1%	$31.27	-16.0%	COM	816850101
IWM	ISHARES TR	165,000	$29,162	13.0%	—	—	Put	464287655
SPY	SPDR S&P 500 ETF TRUST	50,000	$21,374	9.5%	—	—	Put	78462F103
—	MARINUS PHARMACEUTICALS INC	2,145,337	$17,270	7.7%	$11.62	—	COM NEW	56854Q200
ARDX	ARDELYX INC	1,176,667	$4,801	2.1%	$1.61	+141.8%	COM	039697107
—	BURGERFI INTERNATIONAL INC	2,745,938	$3,185	1.4%	$13.69	—	COM	12122L101
BATL	BATTALION OIL CORPORATION	380,891	$2,354	1.0%	$9.85	-31.2%	COM	07134L107
—	KINIKSA PHARMACEUTICALS LTD	130,691	$2,270	1.0%	$11.03	—	COM CL A	G5269C101
INSM	INSMED INC	70,335	$1,776	0.8%	$21.50	+6.4%	COM PAR $.01	457669307
—	SERES THERAPEUTICS INC	691,803	$1,646	0.7%	$6.30	—	COM	81750R102
—	BLUEBIRD BIO INC	531,256	$1,615	0.7%	$3.29	—	COM	09609G100
MIST	MILESTONE PHARMACEUTICALS IN	450,207	$1,396	0.6%	$6.59	-52.8%	COM	59935V107
—	CYMABAY THERAPEUTICS INC	82,425	$1,229	0.5%	$3.21	—	COM	23257D103
—	DURECT CORP	427,455	$1,064	0.5%	$5.50	—	COM NEW	266605500
MIRM	MIRUM PHARMACEUTICALS INC	27,000	$853	0.4%	$23.32	+17.4%	COM	604749101
FENC	FENNEC PHARMACEUTICALS INC	110,000	$826	0.4%	$8.31	-2.1%	COM	31447P100
—	AVADEL PHARMACEUTICALS PLC	80,000	$824	0.4%	$10.30	—	SPONSORED ADR	05337M104
ACRS	ACLARIS THERAPEUTICS INC	115,898	$794	0.4%	$12.48	-31.5%	COM	00461U105
TVTX	TRAVERE THERAPEUTICS INC	78,000	$697	0.3%	$14.11	0.0%	COM	89422G107
HUMA	HUMACYTE INC	235,000	$689	0.3%	$3.31	0.0%	COM	44486Q103
—	TRAVERE THERAPEUTICS INC	1,000,000	$648	0.3%	$0.65	—	NOTE 2.250% 3/0	89422GAA5
REPL	REPLIMUNE GROUP INC	35,000	$599	0.3%	$19.64	0.0%	COM	76029N106
SNDX	SYNDAX PHARMACEUTICALS INC	34,500	$501	0.2%	$20.82	-9.1%	COM	87164F105
WHWK	AADI BIOSCIENCE INC	82,423	$399	0.2%	$7.77	-25.2%	COM	00032Q104
—	HARPOON THERAPEUTICS INC	82,458	$332	0.1%	$4.03	—	COM NEW	41358P205
—	LUMOS PHARMA INC	90,794	$300	0.1%	$6.23	—	COM	55028X109
—	BURGERFI INTERNATIONAL INC	2,083,438	$235	0.1%	—	—	Call	12122L119
MSFT	MICROSOFT CORP	100	$32	0.0%	$256.88	+26.4%	COM	594918104
GOOG	ALPHABET INC	100	$13	0.0%	$95.84	+34.7%	CAP STK CL C	02079K107
CVX	CHEVRON CORP NEW	46	$8	0.0%	$145.76	0.0%	COM	166764100