ACUTA CAPITAL PARTNERS, LLC Hedge Fund

Location: Redwood City, CA

CIK: 0001582844 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $147M (100.0% shares, 0.0% debt)

Holdings (30)

TERN TERNS PHARMACEUTICALS INC 17.5%

Value $25.74M Shares 637,095 Est. Cost $9.17 Unrealized +152.0%

PRAX PRAXIS PRECISION MEDICINES I 16.6%

Value $24.47M Shares 83,036 Est. Cost $95.33 Unrealized +95.4%

— CIDARA THERAPEUTICS INC 13.4%

Value $19.69M Shares 89,145 Est. Cost $31.31 Unrealized —

OCUL OCULAR THERAPEUTIX INC 8.7%

Value $12.78M Shares 1,052,995 Est. Cost $6.18 Unrealized +96.5%

WHWK WHITEHAWK THERAPEUTICS INC 5.6%

Value $8.253M Shares 3,410,402 Est. Cost $16.10 Unrealized -85.7%

DRUG BRIGHT MINDS BIOSCIENCES INC 4.5%

Value $6.593M Shares 84,477 Est. Cost $36.75 Unrealized +81.9%

CMPX COMPASS THERAPEUTICS INC 4.0%

Value $5.871M Shares 1,093,300 Est. Cost $3.50 Unrealized +32.1%

JAZZ JAZZ PHARMACEUTICALS PLC 3.3%

Value $4.931M Shares 29,008 Est. Cost $121.51 Unrealized +26.2%

INSM INSMED INC 3.1%

Value $4.504M Shares 25,878 Est. Cost $47.04 Unrealized +287.9%

ARGX ARGEN SE - ADR 2.8%

Value $4.079M Shares 4,851 Est. Cost $489.55 Unrealized —

SRZN SURROZEN INC 2.7%

Value $4.032M Shares 178,415 Est. Cost $11.57 Unrealized +39.8%

AMLX AMYLYX PHARMACEUTICALS INC 2.7%

Value $4.026M Shares 333,258 Est. Cost $9.41 Unrealized +44.3%

NERV MINERVA NEUROSCIENCES 1.9%

Value $2.852M Shares 709,500 Est. Cost $3.71 Unrealized 0.0%

TNGX TANGO THERAPEUTICS INC 1.7%

Value $2.505M Shares 282,732 Est. Cost $8.62 Unrealized 0.0%

TSHA TAYSHA GENE THERAPIES INC 1.7%

Value $2.502M Shares 454,827 Est. Cost $2.17 Unrealized +123.5%

ZYME ZYMEWORKS INC 1.4%

Value $2.11M Shares 80,143 Est. Cost $13.60 Unrealized +60.4%

OCS OCULIS HOLDING AG 1.4%

Value $2.032M Shares 101,777 Est. Cost $20.50 Unrealized -2.4%

DSGN DESIGN THERAPEUTICS INC 1.0%

Value $1.415M Shares 150,906 Est. Cost $7.83 Unrealized 0.0%

INBX INHIBRX BIOSCIENCES INC 0.9%

Value $1.294M Shares 16,377 Est. Cost $24.62 Unrealized +176.8%

UTHR UNITED THERAPEUTICS CORP 0.8%

Value $1.119M Shares 2,296 Est. Cost $336.31 Unrealized +38.5%

VSTM VERASTEM INC 0.8%

Value $1.107M Shares 143,446 Est. Cost $6.11 Unrealized +45.9%

MAZE MAZE THERAPEUTICS INC 0.6%

Value $829K Shares 20,000 Est. Cost $34.37 Unrealized 0.0%

MLTX MOONLAKE IMMUNOTHERAPEUTICS 0.5%

Value $781K Shares 59,280 Est. Cost $11.80 Unrealized 0.0%

STRO SUTRO BIOPHARMA INC 0.5%

Value $780K Shares 67,451 Est. Cost $9.49 Unrealized 0.0%

DNTH DIANTHUS THERAPEUTICS INC 0.5%

Value $689K Shares 16,708 Est. Cost $25.56 Unrealized +51.7%

RVMD REVOLUTION MEDICINES INC 0.5%

Value $670K Shares 8,411 Est. Cost $24.90 Unrealized +163.3%

LBRX LB PHARMACEUTICALS INC 0.5%

Value $668K Shares 30,000 Est. Cost $15.87 Unrealized +10.1%

KTTA PASITHEA THERAPEUTICS CORP 0.4%

Value $581K Shares 450,000 Est. Cost $0.88 Unrealized 0.0%

UNCY UNICYCIVE THERAPEUTICS INC 0.2%

Value $346K Shares 59,985 Est. Cost $6.18 Unrealized -13.7%

— NUVATION BIO INC -CW27 0.0%

Value $29,975 Shares 90,832 Est. Cost $0.28 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TERN	TERNS PHARMACEUTICALS INC	637,095	$25.74M	17.5%	$9.17	+152.0%	COM	880881107
PRAX	PRAXIS PRECISION MEDICINES I	83,036	$24.47M	16.6%	$95.33	+95.4%	COM	74006W207
—	CIDARA THERAPEUTICS INC	89,145	$19.69M	13.4%	$31.31	—	COM NEW	171757206
OCUL	OCULAR THERAPEUTIX INC	1,052,995	$12.78M	8.7%	$6.18	+96.5%	COM	67576A100
WHWK	WHITEHAWK THERAPEUTICS INC	3,410,402	$8.253M	5.6%	$16.10	-85.7%	COM	00032Q104
DRUG	BRIGHT MINDS BIOSCIENCES INC	84,477	$6.593M	4.5%	$36.75	+81.9%	COM NEW	10919W405
CMPX	COMPASS THERAPEUTICS INC	1,093,300	$5.871M	4.0%	$3.50	+32.1%	COM	20454B104
JAZZ	JAZZ PHARMACEUTICALS PLC	29,008	$4.931M	3.3%	$121.51	+26.2%	SHS USD	G50871105
INSM	INSMED INC	25,878	$4.504M	3.1%	$47.04	+287.9%	COM PAR $.01	457669307
ARGX	ARGEN SE - ADR	4,851	$4.079M	2.8%	$489.55	—	SPONSORED ADR	04016X101
SRZN	SURROZEN INC	178,415	$4.032M	2.7%	$11.57	+39.8%	COM NEW	86889P208
AMLX	AMYLYX PHARMACEUTICALS INC	333,258	$4.026M	2.7%	$9.41	+44.3%	COM	03237H101
NERV	MINERVA NEUROSCIENCES	709,500	$2.852M	1.9%	$3.71	0.0%	COM NEW	603380205
TNGX	TANGO THERAPEUTICS INC	282,732	$2.505M	1.7%	$8.62	0.0%	COM	87583X109
TSHA	TAYSHA GENE THERAPIES INC	454,827	$2.502M	1.7%	$2.17	+123.5%	COM SHS	877619106
ZYME	ZYMEWORKS INC	80,143	$2.11M	1.4%	$13.60	+60.4%	COM	98985Y108
OCS	OCULIS HOLDING AG	101,777	$2.032M	1.4%	$20.50	-2.4%	ORDINARY SHARES	H5870P102
DSGN	DESIGN THERAPEUTICS INC	150,906	$1.415M	1.0%	$7.83	0.0%	COM	25056L103
INBX	INHIBRX BIOSCIENCES INC	16,377	$1.294M	0.9%	$24.62	+176.8%	COM	45720N103
UTHR	UNITED THERAPEUTICS CORP	2,296	$1.119M	0.8%	$336.31	+38.5%	COM	91307C102
VSTM	VERASTEM INC	143,446	$1.107M	0.8%	$6.11	+45.9%	COM NEW	92337C203
MAZE	MAZE THERAPEUTICS INC	20,000	$829K	0.6%	$34.37	0.0%	COM	578784100
MLTX	MOONLAKE IMMUNOTHERAPEUTICS	59,280	$781K	0.5%	$11.80	0.0%	CLASS A ORD	61559X104
STRO	SUTRO BIOPHARMA INC	67,451	$780K	0.5%	$9.49	0.0%	COM	869367201
DNTH	DIANTHUS THERAPEUTICS INC	16,708	$689K	0.5%	$25.56	+51.7%	COM	252828108
RVMD	REVOLUTION MEDICINES INC	8,411	$670K	0.5%	$24.90	+163.3%	COM	76155X100
LBRX	LB PHARMACEUTICALS INC	30,000	$668K	0.5%	$15.87	+10.1%	COM SHS	50180M108
KTTA	PASITHEA THERAPEUTICS CORP	450,000	$581K	0.4%	$0.88	0.0%	COM NEW	70261F202
UNCY	UNICYCIVE THERAPEUTICS INC	59,985	$346K	0.2%	$6.18	-13.7%	COM	90466Y202
—	NUVATION BIO INC -CW27	90,832	$29,975	0.0%	$0.28	—	*W EXP 07/07/2027	67080N119