Deep Track Capital, LP Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XBI	SPDR SERIES TRUST	10,000,000	$1,219,300	21.7%	—	—	PUT	78464A870
VERA	VERA THERAPEUTICS INC	2,821,135	$142,862	2.5%	$35.52	0.0%	CL A	92337R101
GRAL	GRAIL INC	1,022,797	$87,541	1.6%	$86.40	0.0%	COM	384747101
MLTX	MOONLAKE IMMUNOTHERAPEUTICS	4,610,071	$60,761	1.1%	$11.80	0.0%	CLASS A ORD	61559X104
ALKS	ALKERMES PLC	2,000,000	$55,960	1.0%	$29.95	0.0%	SHS	G01767105
CNTA	CENTESSA PHARMACEUTICALS PLC	2,000,000	$50,020	0.9%	$25.01	—	SPONSORED ADS	152309100
SLNO	SOLENO THERAPEUTICS INC	1,000,000	$46,300	0.8%	$54.83	0.0%	COM	834203309
VSTM	VERASTEM INC	5,740,850	$44,319	0.8%	$8.91	0.0%	COM NEW	92337C203
ENTA	ENANTA PHARMACEUTICALS INC	1,956,867	$30,860	0.6%	$12.70	0.0%	COM	29251M106
—	ATAI BECKLEY NV	4,677,289	$19,130	0.3%	$4.09	—	SHS	N0731H103
COGT	COGENT BIOSCIENCES INC	453,102	$16,094	0.3%	$28.11	0.0%	COM	19240Q201
MNPR	MONOPAR THERAPEUTICS INC	95,408	$6,230	0.1%	$81.71	0.0%	COM NEW	61023L207
BHVN	BIOHAVEN LTD	500,000	$5,645	0.1%	—	—	CALL	G1110E107
BLLN	BILLIONTOONE INC	50,000	$4,092	0.1%	$101.40	0.0%	CL A	090168105
IVA	INVENTIVA SA	490,000	$2,279	0.0%	$4.65	—	ADS	46124U107
JANX	JANUX THERAPEUTICS INC	89,589	$1,236	0.0%	$23.52	0.0%	COM	47103J105
ANL	ADLAI NORTYE LTD	34,852	$49	0.0%	$1.42	—	SPONSORED ADS	00704R109

Increased Positions (17)

IMVT IMMUNOVANT INC 5.2%

Value ($000) $293,016 (+86.8%) Shares 11,526,971 (+18.5%) Est. Cost $24.15 Unrealized -7.7%

BMRN BIOMARIN PHARMACEUTICAL INC 2.4%

Value ($000) $136,689 (+10053.7%) Shares 2,300,000 (+9153.3%) Est. Cost $54.47 Unrealized -0.1%

AXSM AXSOME THERAPEUTICS INC 3.7%

Value ($000) $210,036 (+92.2%) Shares 1,150,000 (+27.8%) Est. Cost $113.80 Unrealized +22.7%

NRIX NURIX THERAPEUTICS INC 2.4%

Value ($000) $133,482 (+138.5%) Shares 7,036,455 (+16.2%) Est. Cost $14.02 Unrealized +2.5%

PCVX VAXCYTE INC 3.3%

Value ($000) $184,560 (+70.8%) Shares 4,000,000 (+33.3%) Est. Cost $44.69 Unrealized +0.1%

MAZE MAZE THERAPEUTICS INC 3.1%

Value ($000) $175,930 (+71.8%) Shares 4,246,440 (+7.5%) Est. Cost $13.34 Unrealized +157.6%

CRMD CORMEDIX INC 1.1%

Value ($000) $61,338 (+954.8%) Shares 5,274,076 (+954.8%) Est. Cost $11.15 Unrealized -0.9%

MBX MBX BIOSCIENCES INC 1.8%

Value ($000) $102,498 (+85.9%) Shares 3,249,790 (+3.2%) Est. Cost $20.10 Unrealized +20.7%

DYN DYNE THERAPEUTICS INC 0.9%

Value ($000) $51,834 (+104.9%) Shares 2,650,000 (+32.5%) Est. Cost $13.25 Unrealized +42.9%

ENGN ENGENE HOLDINGS INC 0.7%

Value ($000) $39,529 (+158.5%) Shares 4,377,572 (+95.5%) Est. Cost $9.00 Unrealized -11.0%

XFOR X4 PHARMACEUTICALS INC 0.4%

Value ($000) $20,055 (+422.4%) Shares 5,013,661 (+346.7%) Est. Cost $3.40 Unrealized +6.9%

TNGX TANGO THERAPEUTICS INC 0.4%

Value ($000) $21,747 (+78.0%) Shares 2,454,562 (+68.7%) Est. Cost $7.52 Unrealized +14.6%

HELP CYBIN INC 0.3%

Value ($000) $15,168 (+157.5%) Shares 1,854,255 (+85.4%) Est. Cost $8.30 Unrealized -22.5%

BCAX BICARA THERAPEUTICS INC 0.8%

Value ($000) $43,994 (+14.8%) Shares 2,614,004 (+7.7%) Est. Cost $20.52 Unrealized -16.8%

— MIND MEDICINE MINDMED INC 0.4%

Value ($000) $22,449 (+26.9%) Shares 1,676,540 (+11.8%) Est. Cost $9.37 Unrealized —

IMCR IMMUNOCORE HLDGS PLC 1.2%

Value ($000) $69,558 (+6.4%) Shares 2,003,978 (+11.3%) Est. Cost $30.47 Unrealized —

ANIP ANI PHARMACEUTICALS INC 0.7%

Value ($000) $37,708 (-8.5%) Shares 477,684 (+6.2%) Est. Cost $55.60 Unrealized +55.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IMVT	IMMUNOVANT INC	11,526,971 (+18.5%)	$293,016 (+86.8%)	5.2%	$24.15	-7.7%	COM	45258J102
BMRN	BIOMARIN PHARMACEUTICAL INC	2,300,000 (+9153.3%)	$136,689 (+10053.7%)	2.4%	$54.47	-0.1%	COM	09061G101
AXSM	AXSOME THERAPEUTICS INC	1,150,000 (+27.8%)	$210,036 (+92.2%)	3.7%	$113.80	+22.7%	COM	05464T104
NRIX	NURIX THERAPEUTICS INC	7,036,455 (+16.2%)	$133,482 (+138.5%)	2.4%	$14.02	+2.5%	COM	67080M103
PCVX	VAXCYTE INC	4,000,000 (+33.3%)	$184,560 (+70.8%)	3.3%	$44.69	+0.1%	COM	92243G108
MAZE	MAZE THERAPEUTICS INC	4,246,440 (+7.5%)	$175,930 (+71.8%)	3.1%	$13.34	+157.6%	COM	578784100
CRMD	CORMEDIX INC	5,274,076 (+954.8%)	$61,338 (+954.8%)	1.1%	$11.15	-0.9%	COM	21900C308
MBX	MBX BIOSCIENCES INC	3,249,790 (+3.2%)	$102,498 (+85.9%)	1.8%	$20.10	+20.7%	COM	55287L101
DYN	DYNE THERAPEUTICS INC	2,650,000 (+32.5%)	$51,834 (+104.9%)	0.9%	$13.25	+42.9%	COM	26818M108
ENGN	ENGENE HOLDINGS INC	4,377,572 (+95.5%)	$39,529 (+158.5%)	0.7%	$9.00	-11.0%	COM	29286M105
XFOR	X4 PHARMACEUTICALS INC	5,013,661 (+346.7%)	$20,055 (+422.4%)	0.4%	$3.40	+6.9%	COM NEW	98420X202
TNGX	TANGO THERAPEUTICS INC	2,454,562 (+68.7%)	$21,747 (+78.0%)	0.4%	$7.52	+14.6%	COM	87583X109
HELP	CYBIN INC	1,854,255 (+85.4%)	$15,168 (+157.5%)	0.3%	$8.30	-22.5%	COM NEW	23256X407
BCAX	BICARA THERAPEUTICS INC	2,614,004 (+7.7%)	$43,994 (+14.8%)	0.8%	$20.52	-16.8%	COM	055477103
—	MIND MEDICINE MINDMED INC	1,676,540 (+11.8%)	$22,449 (+26.9%)	0.4%	$9.37	—	COM NEW	60255C885
IMCR	IMMUNOCORE HLDGS PLC	2,003,978 (+11.3%)	$69,558 (+6.4%)	1.2%	$30.47	—	ADS	45258D105
ANIP	ANI PHARMACEUTICALS INC	477,684 (+6.2%)	$37,708 (-8.5%)	0.7%	$55.60	+55.7%	COM	00182C103

Exited Positions (18)

— AKERO THERAPEUTICS INC 3.4%

Value ($000) $189,966 Shares 4,000,978 Est. Cost $37.83 Unrealized —

— 89BIO INC 2.5%

Value ($000) $137,536 Shares 9,356,171 Est. Cost $7.72 Unrealized —

PTGX PROTAGONIST THERAPEUTICS INC 2.0%

Value ($000) $113,973 Shares 1,715,691 Est. Cost $42.89 Unrealized +90.8%

EXAS EXACT SCIENCES CORP 1.0%

Value ($000) $54,710 Shares 1,000,000 Est. Cost $49.96 Unrealized +60.7%

OLMA OLEMA PHARMACEUTICALS INC 0.6%

Value ($000) $33,973 Shares 3,470,172 Est. Cost $11.20 Unrealized +58.9%

— CIDARA THERAPEUTICS INC 0.5%

Value ($000) $28,728 Shares 300,000 Est. Cost $56.55 Unrealized —

QURE UNIQURE NV 0.5%

Value ($000) $28,198 Shares 483,092 Est. Cost $18.16 Unrealized +112.5%

JBIO JADE BIOSCIENCES INC 0.4%

Value ($000) $19,675 Shares 2,279,892 Est. Cost $33.31 Unrealized -64.8%

GHRS GH RESEARCH PLC 0.3%

Value ($000) $17,875 Shares 1,250,000 Est. Cost $11.18 Unrealized +21.8%

GMAB GENMAB A/S 0.3%

Value ($000) $14,760 Shares 481,267 Est. Cost $30.67 Unrealized —

IMA IMAGENEBIO INC 0.1%

Value ($000) $7,160 Shares 878,516 Est. Cost $13.25 Unrealized -44.1%

XNCR XENCOR INC 0.1%

Value ($000) $6,445 Shares 549,439 Est. Cost $18.57 Unrealized -19.5%

PEPG PEPGEN INC 0.1%

Value ($000) $5,544 Shares 1,200,000 Est. Cost $1.61 Unrealized +222.0%

AUTL AUTOLUS THERAPEUTICS PLC 0.1%

Value ($000) $4,187 Shares 2,568,613 Est. Cost $2.62 Unrealized —

ACAD ACADIA PHARMACEUTICALS INC 0.0%

Value ($000) $2,243 Shares 105,085 Est. Cost $23.65 Unrealized +1.0%

AVTX AVALO THERAPEUTICS INC 0.0%

Value ($000) $1,838 Shares 144,600 Est. Cost $10.31 Unrealized +63.7%

ZURA ZURA BIO LTD 0.0%

Value ($000) $1,122 Shares 259,014 Est. Cost $7.12 Unrealized -44.4%

CLYM CLIMB BIO INC 0.0%

Value ($000) $1,025 Shares 509,789 Est. Cost $6.66 Unrealized -63.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	AKERO THERAPEUTICS INC	4,000,978	$189,966	3.4%	$37.83	—	—	00973Y108
—	89BIO INC	9,356,171	$137,536	2.5%	$7.72	—	—	282559103
PTGX	PROTAGONIST THERAPEUTICS INC	1,715,691	$113,973	2.0%	$42.89	+90.8%	—	74366E102
EXAS	EXACT SCIENCES CORP	1,000,000	$54,710	1.0%	$49.96	+60.7%	—	30063P105
OLMA	OLEMA PHARMACEUTICALS INC	3,470,172	$33,973	0.6%	$11.20	+58.9%	—	68062P106
—	CIDARA THERAPEUTICS INC	300,000	$28,728	0.5%	$56.55	—	—	171757206
QURE	UNIQURE NV	483,092	$28,198	0.5%	$18.16	+112.5%	—	N90064101
JBIO	JADE BIOSCIENCES INC	2,279,892	$19,675	0.4%	$33.31	-64.8%	—	008064206
GHRS	GH RESEARCH PLC	1,250,000	$17,875	0.3%	$11.18	+21.8%	—	G3855L106
GMAB	GENMAB A/S	481,267	$14,760	0.3%	$30.67	—	—	372303206
IMA	IMAGENEBIO INC	878,516	$7,160	0.1%	$13.25	-44.1%	—	45175G207
XNCR	XENCOR INC	549,439	$6,445	0.1%	$18.57	-19.5%	—	98401F105
PEPG	PEPGEN INC	1,200,000	$5,544	0.1%	$1.61	+222.0%	—	713317105
AUTL	AUTOLUS THERAPEUTICS PLC	2,568,613	$4,187	0.1%	$2.62	—	—	05280R100
ACAD	ACADIA PHARMACEUTICALS INC	105,085	$2,243	0.0%	$23.65	+1.0%	—	004225108
AVTX	AVALO THERAPEUTICS INC	144,600	$1,838	0.0%	$10.31	+63.7%	—	05338F306
ZURA	ZURA BIO LTD	259,014	$1,122	0.0%	$7.12	-44.4%	—	G9TY5A101
CLYM	CLIMB BIO INC	509,789	$1,025	0.0%	$6.66	-63.9%	—	28658R106

Decreased Positions (15)

GPCR STRUCTURE THERAPEUTICS INC 5.1%

Value ($000) $285,974 (+142.3%) Shares 4,111,782 (-2.5%) Est. Cost $26.36 Unrealized —

IONS IONIS PHARMACEUTICALS INC 2.4%

Value ($000) $134,487 (-46.0%) Shares 1,700,000 (-55.4%) Est. Cost $36.01 Unrealized +109.1%

OCUL OCULAR THERAPEUTIX INC 1.7%

Value ($000) $97,975 (-29.8%) Shares 8,070,414 (-32.4%) Est. Cost $4.46 Unrealized +172.4%

VRDN VIRIDIAN THERAPEUTICS INC 1.4%

Value ($000) $78,573 (-32.3%) Shares 2,524,833 (-53.1%) Est. Cost $18.23 Unrealized +50.4%

XENE XENON PHARMACEUTICALS INC 0.3%

Value ($000) $16,424 (-65.9%) Shares 366,435 (-69.5%) Est. Cost $37.01 Unrealized +13.5%

GH GUARDANT HEALTH INC 5.1%

Value ($000) $285,992 (+10.2%) Shares 2,800,000 (-32.6%) Est. Cost $29.38 Unrealized +204.5%

TERN TERNS PHARMACEUTICALS INC 0.6%

Value ($000) $31,070 (-44.8%) Shares 769,048 (-89.7%) Est. Cost $6.22 Unrealized +271.6%

CYTK CYTOKINETICS INC 3.8%

Value ($000) $212,033 (-10.3%) Shares 3,336,998 (-22.4%) Est. Cost $47.92 Unrealized +29.8%

RAPT RAPT THERAPEUTICS INC 0.1%

Value ($000) $3,741 (-80.7%) Shares 110,448 (-85.3%) Est. Cost $7.63 Unrealized +307.1%

ORKA ORUKA THERAPEUTICS INC 1.2%

Value ($000) $65,515 (+28.3%) Shares 2,161,510 (-18.6%) Est. Cost $19.06 Unrealized +46.2%

APLS APELLIS PHARMACEUTICALS INC 3.5%

Value ($000) $194,680 (+7.5%) Shares 7,750,000 (-3.1%) Est. Cost $34.58 Unrealized -32.2%

GERN GERON CORP 0.8%

Value ($000) $42,915 (-23.8%) Shares 32,511,271 (-20.9%) Est. Cost $2.33 Unrealized -46.2%

CMPS COMPASS PATHWAYS PLC 0.9%

Value ($000) $50,607 (+12.4%) Shares 7,334,323 (-6.7%) Est. Cost $2.86 Unrealized —

BBIO BRIDGEBIO PHARMA INC 1.1%

Value ($000) $61,968 (-0.6%) Shares 810,142 (-32.5%) Est. Cost $35.75 Unrealized +83.6%

CLDX CELLDEX THERAPEUTICS INC NEW 0.9%

Value ($000) $51,624 (-0.2%) Shares 1,900,738 (-5.0%) Est. Cost $26.06 Unrealized +1.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GPCR	STRUCTURE THERAPEUTICS INC	4,111,782 (-2.5%)	$285,974 (+142.3%)	5.1%	$26.36	—	SPONSORED ADS	86366E106
IONS	IONIS PHARMACEUTICALS INC	1,700,000 (-55.4%)	$134,487 (-46.0%)	2.4%	$36.01	+109.1%	COM	462222100
OCUL	OCULAR THERAPEUTIX INC	8,070,414 (-32.4%)	$97,975 (-29.8%)	1.7%	$4.46	+172.4%	COM	67576A100
VRDN	VIRIDIAN THERAPEUTICS INC	2,524,833 (-53.1%)	$78,573 (-32.3%)	1.4%	$18.23	+50.4%	COM	92790C104
XENE	XENON PHARMACEUTICALS INC	366,435 (-69.5%)	$16,424 (-65.9%)	0.3%	$37.01	+13.5%	COM	98420N105
GH	GUARDANT HEALTH INC	2,800,000 (-32.6%)	$285,992 (+10.2%)	5.1%	$29.38	+204.5%	COM	40131M109
TERN	TERNS PHARMACEUTICALS INC	769,048 (-89.7%)	$31,070 (-44.8%)	0.6%	$6.22	+271.6%	COM	880881107
CYTK	CYTOKINETICS INC	3,336,998 (-22.4%)	$212,033 (-10.3%)	3.8%	$47.92	+29.8%	COM NEW	23282W605
RAPT	RAPT THERAPEUTICS INC	110,448 (-85.3%)	$3,741 (-80.7%)	0.1%	$7.63	+307.1%	COM NEW	75382E208
ORKA	ORUKA THERAPEUTICS INC	2,161,510 (-18.6%)	$65,515 (+28.3%)	1.2%	$19.06	+46.2%	COM	687604108
APLS	APELLIS PHARMACEUTICALS INC	7,750,000 (-3.1%)	$194,680 (+7.5%)	3.5%	$34.58	-32.2%	COM	03753U106
GERN	GERON CORP	32,511,271 (-20.9%)	$42,915 (-23.8%)	0.8%	$2.33	-46.2%	COM	374163103
CMPS	COMPASS PATHWAYS PLC	7,334,323 (-6.7%)	$50,607 (+12.4%)	0.9%	$2.86	—	SPONSORED ADS	20451W101
BBIO	BRIDGEBIO PHARMA INC	810,142 (-32.5%)	$61,968 (-0.6%)	1.1%	$35.75	+83.6%	COM	10806X102
CLDX	CELLDEX THERAPEUTICS INC NEW	1,900,738 (-5.0%)	$51,624 (-0.2%)	0.9%	$26.06	+1.1%	COM NEW	15117B202

Unchanged Positions (6)

— DYNAVAX TECHNOLOGIES CORP 4.3%

Value ($000) $241,871 Shares 15,726,349 Est. Cost $11.53 Unrealized —

TARS TARSUS PHARMACEUTICALS INC 4.4%

Value ($000) $245,970 Shares 3,004,034 Est. Cost $48.96 Unrealized +52.5%

LBRX LB PHARMACEUTICALS INC 1.3%

Value ($000) $74,633 Shares 3,352,804 Est. Cost $15.87 Unrealized +10.1%

CNTX CONTEXT THERAPEUTICS INC 0.2%

Value ($000) $10,906 Shares 7,419,355 Est. Cost $1.72 Unrealized -32.2%

ALGS ALIGOS THERAPEUTICS INC 0.1%

Value ($000) $4,139 Shares 444,110 Est. Cost $16.71 Unrealized -43.5%

CBIO CRESCENT BIOPHARMA INC. 0.1%

Value ($000) $5,381 Shares 453,686 Est. Cost $21.15 Unrealized -39.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	DYNAVAX TECHNOLOGIES CORP	15,726,349	$241,871	4.3%	$11.53	—	COM NEW	268158201
TARS	TARSUS PHARMACEUTICALS INC	3,004,034	$245,970	4.4%	$48.96	+52.5%	COM	87650L103
LBRX	LB PHARMACEUTICALS INC	3,352,804	$74,633	1.3%	$15.87	+10.1%	COM SHS	50180M108
CNTX	CONTEXT THERAPEUTICS INC	7,419,355	$10,906	0.2%	$1.72	-32.2%	COM	21077P108
ALGS	ALIGOS THERAPEUTICS INC	444,110	$4,139	0.1%	$16.71	-43.5%	COM NEW	01626L204
CBIO	CRESCENT BIOPHARMA INC.	453,686	$5,381	0.1%	$21.15	-39.8%	COM	G2545C104