Lion Point Capital, LP Hedge Fund

CIK: 0001643354 · Show all filings

Period: Q1 2024 (← Previous) (Next →)

Filing Date: May 15, 2024

Total Value ($000): $178,951 (99.6% shares, 0.4% debt)

Holdings (32)

SMTC SEMTECH CORP 38.4%

Value ($000) $68,725 Shares 2,500,000 Est. Cost $30.65 Unrealized -30.3%

IWM ISHARES TR 29.1%

Value ($000) $52,049 Shares 247,500 Est. Cost — Unrealized —

— MARINUS PHARMACEUTICALS INC 10.7%

Value ($000) $19,157 Shares 2,119,136 Est. Cost $11.62 Unrealized —

ARDX ARDELYX INC 4.3%

Value ($000) $7,641 Shares 1,046,667 Est. Cost $1.61 Unrealized +430.4%

XBI SPDR SER TR 2.7%

Value ($000) $4,745 Shares 50,000 Est. Cost — Unrealized —

MIST MILESTONE PHARMACEUTICALS IN 2.3%

Value ($000) $4,117 Shares 2,300,207 Est. Cost $3.16 Unrealized -48.7%

— KINIKSA PHARMACEUTICALS LTD 1.4%

Value ($000) $2,579 Shares 130,691 Est. Cost $11.03 Unrealized —

GERN GERON CORP 1.1%

Value ($000) $1,980 Shares 600,000 Est. Cost $2.23 Unrealized 0.0%

INSM INSMED INC 1.1%

Value ($000) $1,908 Shares 70,335 Est. Cost $21.50 Unrealized +30.2%

FENC FENNEC PHARMACEUTICALS INC 1.1%

Value ($000) $1,890 Shares 170,000 Est. Cost $8.92 Unrealized +12.5%

— BURGERFI INTERNATIONAL INC 0.9%

Value ($000) $1,586 Shares 2,745,938 Est. Cost $13.69 Unrealized —

SNDX SYNDAX PHARMACEUTICALS INC 0.9%

Value ($000) $1,547 Shares 65,000 Est. Cost $21.52 Unrealized +3.7%

— AVADEL PHARMACEUTICALS PLC 0.8%

Value ($000) $1,393 Shares 82,500 Est. Cost $10.50 Unrealized —

MIRM MIRUM PHARMACEUTICALS INC 0.6%

Value ($000) $1,130 Shares 45,000 Est. Cost $23.32 Unrealized +17.9%

— BLUEBIRD BIO INC 0.6%

Value ($000) $1,086 Shares 848,256 Est. Cost $2.54 Unrealized —

NBIX NEUROCRINE BIOSCIENCES INC 0.6%

Value ($000) $1,034 Shares 7,500 Est. Cost $136.57 Unrealized 0.0%

JSPR JASPER THERAPEUTICS INC 0.5%

Value ($000) $940 Shares 32,000 Est. Cost $17.76 Unrealized 0.0%

— ENPHYS ACQUISITION CORP 0.5%

Value ($000) $845 Shares 78,125 Est. Cost $10.67 Unrealized —

MLYS MINERALYS THERAPEUTICS INC 0.4%

Value ($000) $775 Shares 60,000 Est. Cost $12.35 Unrealized 0.0%

HUMA HUMACYTE INC 0.4%

Value ($000) $731 Shares 235,000 Est. Cost $3.31 Unrealized +1.6%

RGNX REGENXBIO INC 0.4%

Value ($000) $685 Shares 32,500 Est. Cost $17.79 Unrealized 0.0%

— TRAVERE THERAPEUTICS INC 0.4%

Value ($000) $630 Shares 1,000,000 Est. Cost $0.65 Unrealized —

TVTX TRAVERE THERAPEUTICS INC 0.3%

Value ($000) $601 Shares 78,000 Est. Cost $14.11 Unrealized -40.2%

REPL REPLIMUNE GROUP INC 0.2%

Value ($000) $347 Shares 42,500 Est. Cost $18.22 Unrealized -55.0%

— SERES THERAPEUTICS INC 0.1%

Value ($000) $264 Shares 340,761 Est. Cost $6.30 Unrealized —

— LUMOS PHARMA INC 0.1%

Value ($000) $256 Shares 90,794 Est. Cost $6.23 Unrealized —

BATL BATTALION OIL CORPORATION 0.1%

Value ($000) $113 Shares 19,926 Est. Cost $9.85 Unrealized -29.3%

— BURGERFI INTERNATIONAL INC 0.0%

Value ($000) $81 Shares 2,083,438 Est. Cost $0.05 Unrealized —

— SPRUCE BIOSCIENCES INC 0.0%

Value ($000) $59 Shares 75,000 Est. Cost $0.79 Unrealized —

MSFT MICROSOFT CORP 0.0%

Value ($000) $42 Shares 100 Est. Cost $256.88 Unrealized +55.4%

GOOG ALPHABET INC 0.0%

Value ($000) $15 Shares 100 Est. Cost $95.84 Unrealized +49.5%

SMTC SEMTECH CORP 0.0%

Value ($000) $0 Shares 14 Est. Cost $30.65 Unrealized -30.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SMTC	SEMTECH CORP	2,500,000	$68,725	38.4%	$30.65	-30.3%	Call	816850101
IWM	ISHARES TR	247,500	$52,049	29.1%	—	—	Put	464287655
—	MARINUS PHARMACEUTICALS INC	2,119,136	$19,157	10.7%	$11.62	—	COM NEW	56854Q200
ARDX	ARDELYX INC	1,046,667	$7,641	4.3%	$1.61	+430.4%	COM	039697107
XBI	SPDR SER TR	50,000	$4,745	2.7%	—	—	Put	78464A870
MIST	MILESTONE PHARMACEUTICALS IN	2,300,207	$4,117	2.3%	$3.16	-48.7%	COM	59935V107
—	KINIKSA PHARMACEUTICALS LTD	130,691	$2,579	1.4%	$11.03	—	COM CL A	G5269C101
GERN	GERON CORP	600,000	$1,980	1.1%	$2.23	0.0%	COM	374163103
INSM	INSMED INC	70,335	$1,908	1.1%	$21.50	+30.2%	COM PAR $.01	457669307
FENC	FENNEC PHARMACEUTICALS INC	170,000	$1,890	1.1%	$8.92	+12.5%	COM	31447P100
—	BURGERFI INTERNATIONAL INC	2,745,938	$1,586	0.9%	$13.69	—	COM	12122L101
SNDX	SYNDAX PHARMACEUTICALS INC	65,000	$1,547	0.9%	$21.52	+3.7%	COM	87164F105
—	AVADEL PHARMACEUTICALS PLC	82,500	$1,393	0.8%	$10.50	—	SPONSORED ADR	05337M104
MIRM	MIRUM PHARMACEUTICALS INC	45,000	$1,130	0.6%	$23.32	+17.9%	Put	604749101
—	BLUEBIRD BIO INC	848,256	$1,086	0.6%	$2.54	—	COM	09609G100
NBIX	NEUROCRINE BIOSCIENCES INC	7,500	$1,034	0.6%	$136.57	0.0%	COM	64125C109
JSPR	JASPER THERAPEUTICS INC	32,000	$940	0.5%	$17.76	0.0%	COM NEW	471871202
—	ENPHYS ACQUISITION CORP	78,125	$845	0.5%	$10.67	—	CL A ORD SHS	G3167L109
MLYS	MINERALYS THERAPEUTICS INC	60,000	$775	0.4%	$12.35	0.0%	COM	603170101
HUMA	HUMACYTE INC	235,000	$731	0.4%	$3.31	+1.6%	COM	44486Q103
RGNX	REGENXBIO INC	32,500	$685	0.4%	$17.79	0.0%	COM	75901B107
—	TRAVERE THERAPEUTICS INC	1,000,000	$630	0.4%	$0.65	—	NOTE 2.250% 3/0	89422GAA5
TVTX	TRAVERE THERAPEUTICS INC	78,000	$601	0.3%	$14.11	-40.2%	COM	89422G107
REPL	REPLIMUNE GROUP INC	42,500	$347	0.2%	$18.22	-55.0%	COM	76029N106
—	SERES THERAPEUTICS INC	340,761	$264	0.1%	$6.30	—	COM	81750R102
—	LUMOS PHARMA INC	90,794	$256	0.1%	$6.23	—	COM	55028X109
BATL	BATTALION OIL CORPORATION	19,926	$113	0.1%	$9.85	-29.3%	COM	07134L107
—	BURGERFI INTERNATIONAL INC	2,083,438	$81	0.0%	$0.05	—	*W EXP 12/16/202	12122L119
—	SPRUCE BIOSCIENCES INC	75,000	$59	0.0%	$0.79	—	COM	85209E109
MSFT	MICROSOFT CORP	100	$42	0.0%	$256.88	+55.4%	COM	594918104
GOOG	ALPHABET INC	100	$15	0.0%	$95.84	+49.5%	CAP STK CL C	02079K107
SMTC	SEMTECH CORP	14	$0	0.0%	$30.65	-30.3%	COM	816850101