Lion Point Capital, LP Hedge Fund

CIK: 0001643354 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value ($000): $14,729 (100.0% shares, 0.0% debt)

Holdings (19)

FENC FENNEC PHARMACEUTICALS INC 11.0%

Value ($000) $1,624 Shares 195,700 Est. Cost $8.27 Unrealized -17.3%

ARDX ARDELYX INC 8.9%

Value ($000) $1,315 Shares 335,400 Est. Cost $1.61 Unrealized +155.8%

KNSA KINIKSA PHARMACEUTICALS INTL 8.6%

Value ($000) $1,270 Shares 45,900 Est. Cost $18.73 Unrealized +35.9%

BBIO BRIDGEBIO PHARMA INC 7.6%

Value ($000) $1,123 Shares 26,000 Est. Cost $27.34 Unrealized +33.0%

INSM INSMED INC 7.3%

Value ($000) $1,072 Shares 10,650 Est. Cost $21.50 Unrealized +255.7%

MLYS MINERALYS THERAPEUTICS INC 7.3%

Value ($000) $1,069 Shares 79,000 Est. Cost $12.41 Unrealized +16.8%

MIST MILESTONE PHARMACEUTICALS IN 7.2%

Value ($000) $1,065 Shares 548,806 Est. Cost $3.14 Unrealized -57.5%

— AVADEL PHARMACEUTICALS PLC 5.9%

Value ($000) $873 Shares 98,700 Est. Cost $11.87 Unrealized —

JSPR JASPER THERAPEUTICS INC 5.5%

Value ($000) $813 Shares 146,500 Est. Cost $9.08 Unrealized -45.8%

BNTC BENITEC BIOPHARMA INC 4.9%

Value ($000) $725 Shares 62,000 Est. Cost $9.63 Unrealized +45.2%

GERN GERON CORP 4.8%

Value ($000) $705 Shares 500,000 Est. Cost $2.31 Unrealized -38.7%

ARQT ARCUTIS BIOTHERAPEUTICS INC 4.4%

Value ($000) $649 Shares 46,300 Est. Cost $10.13 Unrealized +38.4%

IRON DISC MEDICINE INC 3.8%

Value ($000) $561 Shares 10,600 Est. Cost $49.93 Unrealized -5.9%

SNDX SYNDAX PHARMACEUTICALS INC 3.5%

Value ($000) $515 Shares 55,000 Est. Cost $20.81 Unrealized -47.1%

RGNX REGENXBIO INC 3.2%

Value ($000) $474 Shares 57,750 Est. Cost $15.56 Unrealized -46.2%

BHVN BIOHAVEN LTD 2.2%

Value ($000) $320 Shares 22,700 Est. Cost $38.91 Unrealized -54.2%

— MERSANA THERAPEUTICS INC 1.3%

Value ($000) $191 Shares 644,000 Est. Cost $0.34 Unrealized —

MCRB SERES THERAPEUTICS INC 1.3%

Value ($000) $189 Shares 17,038 Est. Cost $8.80 Unrealized 0.0%

HUMA HUMACYTE INC 1.2%

Value ($000) $175 Shares 83,500 Est. Cost $3.75 Unrealized -48.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FENC	FENNEC PHARMACEUTICALS INC	195,700	$1,624	11.0%	$8.27	-17.3%	COM	31447P100
ARDX	ARDELYX INC	335,400	$1,315	8.9%	$1.61	+155.8%	COM	039697107
KNSA	KINIKSA PHARMACEUTICALS INTL	45,900	$1,270	8.6%	$18.73	+35.9%	ORD SHS CL A	G52694109
BBIO	BRIDGEBIO PHARMA INC	26,000	$1,123	7.6%	$27.34	+33.0%	COM	10806X102
INSM	INSMED INC	10,650	$1,072	7.3%	$21.50	+255.7%	COM PAR $.01	457669307
MLYS	MINERALYS THERAPEUTICS INC	79,000	$1,069	7.3%	$12.41	+16.8%	COM	603170101
MIST	MILESTONE PHARMACEUTICALS IN	548,806	$1,065	7.2%	$3.14	-57.5%	COM	59935V107
—	AVADEL PHARMACEUTICALS PLC	98,700	$873	5.9%	$11.87	—	COM SHS	G29687103
JSPR	JASPER THERAPEUTICS INC	146,500	$813	5.5%	$9.08	-45.8%	COM NEW	471871202
BNTC	BENITEC BIOPHARMA INC	62,000	$725	4.9%	$9.63	+45.2%	COM NEW	08205P209
GERN	GERON CORP	500,000	$705	4.8%	$2.31	-38.7%	COM	374163103
ARQT	ARCUTIS BIOTHERAPEUTICS INC	46,300	$649	4.4%	$10.13	+38.4%	COM	03969K108
IRON	DISC MEDICINE INC	10,600	$561	3.8%	$49.93	-5.9%	COM	254604101
SNDX	SYNDAX PHARMACEUTICALS INC	55,000	$515	3.5%	$20.81	-47.1%	COM	87164F105
RGNX	REGENXBIO INC	57,750	$474	3.2%	$15.56	-46.2%	COM	75901B107
BHVN	BIOHAVEN LTD	22,700	$320	2.2%	$38.91	-54.2%	COM	G1110E107
—	MERSANA THERAPEUTICS INC	644,000	$191	1.3%	$0.34	—	COM	59045L106
MCRB	SERES THERAPEUTICS INC	17,038	$189	1.3%	$8.80	0.0%	COM	81750R201
HUMA	HUMACYTE INC	83,500	$175	1.2%	$3.75	-48.8%	COM	44486Q103