Cormorant Asset Management, LP Diversified Active

CIK: 0001583977 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $1,449,259 (100.0% shares, 0.0% debt)

Holdings (36)

BBOT BRIDGEBIO ONCOLOGY THERAPEUT 14.3%

Value ($000) $207,034 Shares 17,878,594 Est. Cost $11.58 Unrealized —

ABVX ABIVAX SA 11.4%

Value ($000) $165,555 Shares 1,950,000 Est. Cost $10.70 Unrealized —

EYPT EYEPOINT PHARMACEUTICALS INC 8.2%

Value ($000) $118,548 Shares 8,325,000 Est. Cost $11.03 Unrealized +4.3%

RAPP RAPPORT THERAPEUTICS INC 6.5%

Value ($000) $94,818 Shares 3,192,521 Est. Cost $22.73 Unrealized -21.5%

BBIO BRIDGEBIO PHARMA INC 5.0%

Value ($000) $72,716 Shares 1,400,000 Est. Cost $20.96 Unrealized +132.7%

EWTX EDGEWISE THERAPEUTICS INC 4.5%

Value ($000) $65,042 Shares 4,010,000 Est. Cost $23.73 Unrealized -40.2%

DRUG BRIGHT MINDS BIOSCIENCES INC 4.4%

Value ($000) $64,259 Shares 1,059,331 Est. Cost $35.19 Unrealized +10.3%

ACLX ARCELLX INC 4.4%

Value ($000) $63,628 Shares 775,000 Est. Cost $25.75 Unrealized +179.6%

INSM INSMED INC 4.3%

Value ($000) $61,924 Shares 430,000 Est. Cost $37.15 Unrealized +229.8%

NAMS NEWAMSTERDAM PHARMA COMPANY 4.3%

Value ($000) $61,857 Shares 2,175,000 Est. Cost $20.31 Unrealized +18.0%

PRAX PRAXIS PRECISION MEDICINES I 3.7%

Value ($000) $53,000 Shares 1,000,000 Est. Cost $54.23 Unrealized -10.6%

CNTA CENTESSA PHARMACEUTICALS PLC 3.2%

Value ($000) $46,681 Shares 1,925,000 Est. Cost $13.13 Unrealized —

PHVS PHARVARIS N V 2.3%

Value ($000) $34,012 Shares 1,363,200 Est. Cost $21.48 Unrealized +3.2%

CRBP CORBUS PHARMACEUTICALS HLDGS 2.1%

Value ($000) $30,044 Shares 2,375,000 Est. Cost $28.57 Unrealized -66.7%

GHRS GH RESEARCH PLC 1.9%

Value ($000) $27,405 Shares 1,916,439 Est. Cost $13.91 Unrealized +0.6%

CGON CG ONCOLOGY INC 1.7%

Value ($000) $25,175 Shares 625,000 Est. Cost $39.73 Unrealized -26.8%

KRRO KORRO BIO INC 1.5%

Value ($000) $22,269 Shares 465,000 Est. Cost $26.87 Unrealized -17.4%

MBX MBX BIOSCIENCES INC 1.5%

Value ($000) $21,438 Shares 1,225,000 Est. Cost $18.80 Unrealized -28.9%

— METSERA INC 1.4%

Value ($000) $20,932 Shares 400,000 Est. Cost $27.22 Unrealized —

JANX JANUX THERAPEUTICS INC 1.4%

Value ($000) $20,774 Shares 850,000 Est. Cost $40.93 Unrealized -40.5%

TARS TARSUS PHARMACEUTICALS INC 1.2%

Value ($000) $17,829 Shares 300,000 Est. Cost $21.36 Unrealized +130.5%

CRNX CRINETICS PHARMACEUTICALS IN 1.1%

Value ($000) $16,660 Shares 400,000 Est. Cost $24.75 Unrealized +29.2%

ENGN ENGENE HOLDINGS INC 1.1%

Value ($000) $15,870 Shares 2,323,595 Est. Cost $9.69 Unrealized -52.9%

ARQT ARCUTIS BIOTHERAPEUTICS INC 1.0%

Value ($000) $14,609 Shares 775,000 Est. Cost $7.71 Unrealized +104.5%

MLTX MOONLAKE IMMUNOTHERAPEUTICS 1.0%

Value ($000) $14,298 Shares 1,994,173 Est. Cost $12.22 Unrealized +326.5%

RNAM AVIDITY BIOSCIENCES INC 0.9%

Value ($000) $13,071 Shares 300,000 Est. Cost $38.44 Unrealized +5.2%

BIOA BIOAGE LABS INC 0.9%

Value ($000) $12,587 Shares 2,140,605 Est. Cost $18.97 Unrealized -75.3%

AXSM AXSOME THERAPEUTICS INC 0.8%

Value ($000) $12,145 Shares 100,000 Est. Cost $74.04 Unrealized +52.1%

CABA CABALETTA BIO INC 0.8%

Value ($000) $11,700 Shares 5,000,000 Est. Cost $1.56 Unrealized +10.0%

ORKA ORUKA THERAPEUTICS INC 0.7%

Value ($000) $10,256 Shares 533,340 Est. Cost $14.82 Unrealized 0.0%

ALMS ALUMIS INC 0.6%

Value ($000) $8,568 Shares 2,147,396 Est. Cost $13.30 Unrealized -69.0%

BMEA BIOMEA FUSION INC 0.5%

Value ($000) $7,213 Shares 3,570,872 Est. Cost $17.07 Unrealized -89.3%

AMLX AMYLYX PHARMACEUTICALS INC 0.5%

Value ($000) $6,795 Shares 500,000 Est. Cost $9.41 Unrealized 0.0%

PCVX VAXCYTE INC 0.4%

Value ($000) $6,304 Shares 175,000 Est. Cost $53.56 Unrealized -38.1%

ELVN ENLIVEN THERAPEUTICS INC 0.3%

Value ($000) $4,094 Shares 200,000 Est. Cost $25.92 Unrealized -22.2%

BHVN BIOHAVEN LTD 0.0%

Value ($000) $150 Shares 10,000 Est. Cost $43.60 Unrealized -66.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BBOT	BRIDGEBIO ONCOLOGY THERAPEUT	17,878,594	$207,034	14.3%	$11.58	—	COM NEW	107924102
ABVX	ABIVAX SA	1,950,000	$165,555	11.4%	$10.70	—	SPONSORED ADS	00370M103
EYPT	EYEPOINT PHARMACEUTICALS INC	8,325,000	$118,548	8.2%	$11.03	+4.3%	COM NEW	30233G209
RAPP	RAPPORT THERAPEUTICS INC	3,192,521	$94,818	6.5%	$22.73	-21.5%	COM	75383L102
BBIO	BRIDGEBIO PHARMA INC	1,400,000	$72,716	5.0%	$20.96	+132.7%	COM	10806X102
EWTX	EDGEWISE THERAPEUTICS INC	4,010,000	$65,042	4.5%	$23.73	-40.2%	COM	28036F105
DRUG	BRIGHT MINDS BIOSCIENCES INC	1,059,331	$64,259	4.4%	$35.19	+10.3%	COM NEW	10919W405
ACLX	ARCELLX INC	775,000	$63,628	4.4%	$25.75	+179.6%	COMMON STOCK	03940C100
INSM	INSMED INC	430,000	$61,924	4.3%	$37.15	+229.8%	COM PAR $.01	457669307
NAMS	NEWAMSTERDAM PHARMA COMPANY	2,175,000	$61,857	4.3%	$20.31	+18.0%	ORDINARY SHARES	N62509109
PRAX	PRAXIS PRECISION MEDICINES I	1,000,000	$53,000	3.7%	$54.23	-10.6%	COM NEW	74006W207
CNTA	CENTESSA PHARMACEUTICALS PLC	1,925,000	$46,681	3.2%	$13.13	—	SPONSORED ADS	152309100
PHVS	PHARVARIS N V	1,363,200	$34,012	2.3%	$21.48	+3.2%	COM	N69605108
CRBP	CORBUS PHARMACEUTICALS HLDGS	2,375,000	$30,044	2.1%	$28.57	-66.7%	COM NEW	21833P301
GHRS	GH RESEARCH PLC	1,916,439	$27,405	1.9%	$13.91	+0.6%	ORDINARY SHARES	G3855L106
CGON	CG ONCOLOGY INC	625,000	$25,175	1.7%	$39.73	-26.8%	COM	156944100
KRRO	KORRO BIO INC	465,000	$22,269	1.5%	$26.87	-17.4%	COM	500946108
MBX	MBX BIOSCIENCES INC	1,225,000	$21,438	1.5%	$18.80	-28.9%	COM	55287L101
—	METSERA INC	400,000	$20,932	1.4%	$27.22	—	COM	59267L107
JANX	JANUX THERAPEUTICS INC	850,000	$20,774	1.4%	$40.93	-40.5%	COM	47103J105
TARS	TARSUS PHARMACEUTICALS INC	300,000	$17,829	1.2%	$21.36	+130.5%	COM	87650L103
CRNX	CRINETICS PHARMACEUTICALS IN	400,000	$16,660	1.1%	$24.75	+29.2%	COM	22663K107
ENGN	ENGENE HOLDINGS INC	2,323,595	$15,870	1.1%	$9.69	-52.9%	COM	29286M105
ARQT	ARCUTIS BIOTHERAPEUTICS INC	775,000	$14,609	1.0%	$7.71	+104.5%	COM	03969K108
MLTX	MOONLAKE IMMUNOTHERAPEUTICS	1,994,173	$14,298	1.0%	$12.22	+326.5%	CLASS A ORD	61559X104
RNAM	AVIDITY BIOSCIENCES INC	300,000	$13,071	0.9%	$38.44	+5.2%	COM	05370A108
BIOA	BIOAGE LABS INC	2,140,605	$12,587	0.9%	$18.97	-75.3%	COM	09077V100
AXSM	AXSOME THERAPEUTICS INC	100,000	$12,145	0.8%	$74.04	+52.1%	COM	05464T104
CABA	CABALETTA BIO INC	5,000,000	$11,700	0.8%	$1.56	+10.0%	COM	12674W109
ORKA	ORUKA THERAPEUTICS INC	533,340	$10,256	0.7%	$14.82	0.0%	COM	687604108
ALMS	ALUMIS INC	2,147,396	$8,568	0.6%	$13.30	-69.0%	COM	022307102
BMEA	BIOMEA FUSION INC	3,570,872	$7,213	0.5%	$17.07	-89.3%	COM	09077A106
AMLX	AMYLYX PHARMACEUTICALS INC	500,000	$6,795	0.5%	$9.41	0.0%	COM	03237H101
PCVX	VAXCYTE INC	175,000	$6,304	0.4%	$53.56	-38.1%	COM	92243G108
ELVN	ENLIVEN THERAPEUTICS INC	200,000	$4,094	0.3%	$25.92	-22.2%	COM	29337E102
BHVN	BIOHAVEN LTD	10,000	$150	0.0%	$43.60	-66.6%	COM	G1110E107