Location: Morristown, NJ
CIK: 0002026172 · Show all filings
Period: Q4 2025 (← Previous) (Next →)
Filing Date: Feb 17, 2026
Total Value: $581M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| VRTX | VERTEX PHARMACEUTICALS INC | 88,300 | $40.03M | 6.9% | $431.03 | 0.0% | Call | 92532F100 |
| XBI | SPDR SERIES TRUST | 250,000 | $30.48M | 5.3% | — | — | Put | 78464A870 |
| PRAX | PRAXIS PRECISION MEDICINES I | 100,600 | $29.65M | 5.1% | — | — | Put | 74006W207 |
| VKTX | VIKING THERAPEUTICS INC | 688,900 | $24.24M | 4.2% | $31.80 | +11.4% | Call | 92686J106 |
| RNAM | AVIDITY BIOSCIENCES INC | 328,000 | $23.66M | 4.1% | $40.43 | +59.8% | Call | 05370A108 |
| QQQ | INVESCO QQQ TR | 30,000 | $18.43M | 3.2% | — | — | Put | 46090E103 |
| JAZZ | JAZZ PHARMACEUTICALS PLC | 105,300 | $17.9M | 3.1% | $125.07 | +22.6% | Call | G50871105 |
| APGE | APOGEE THERAPEUTICS INC | 211,100 | $15.93M | 2.7% | $40.29 | +56.3% | Call | 03770N101 |
| BBIO | BRIDGEBIO PHARMA INC | 200,000 | $15.3M | 2.6% | $65.64 | 0.0% | Put | 10806X102 |
| TERN | TERNS PHARMACEUTICALS INC | 345,880 | $13.97M | 2.4% | $5.58 | +314.1% | COM | 880881107 |
| JNJ | JOHNSON & JOHNSON | 66,444 | $13.75M | 2.4% | $197.01 | 0.0% | COM | 478160104 |
| GPCR | STRUCTURE THERAPEUTICS INC | 191,700 | $13.33M | 2.3% | — | — | Call | 86366E106 |
| VKTX | VIKING THERAPEUTICS INC | 336,849 | $11.85M | 2.0% | $31.80 | +11.4% | COM | 92686J106 |
| VKTX | VIKING THERAPEUTICS INC | 316,700 | $11.14M | 1.9% | $31.80 | +11.4% | Put | 92686J106 |
| BBIO | BRIDGEBIO PHARMA INC | 139,600 | $10.68M | 1.8% | $65.64 | 0.0% | Call | 10806X102 |
| JNJ | JOHNSON & JOHNSON | 50,000 | $10.35M | 1.8% | $197.01 | 0.0% | Call | 478160104 |
| ABVX | ABIVAX SA | 75,644 | $10.2M | 1.8% | $107.10 | — | SPONSORED ADS | 00370M103 |
| INCY | INCYTE CORP | 100,000 | $9.877M | 1.7% | — | — | Put | 45337C102 |
| INSM | INSMED INC | 52,800 | $9.189M | 1.6% | — | — | Call | 457669307 |
| CAPR | CAPRICOR THERAPEUTICS INC | 312,300 | $9.013M | 1.6% | $13.06 | 0.0% | Call | 14070B309 |
| BMRN | BIOMARIN PHARMACEUTICAL INC | 146,361 | $8.698M | 1.5% | $60.81 | -10.5% | COM | 09061G101 |
| IONS | IONIS PHARMACEUTICALS INC | 106,200 | $8.401M | 1.4% | — | — | Call | 462222100 |
| REGN | REGENERON PHARMACEUTICALS | 10,300 | $7.95M | 1.4% | $586.61 | +15.7% | COM | 75886F107 |
| — | INDIVIOR PLC | 220,300 | $7.904M | 1.4% | $24.11 | — | Call | G4766E116 |
| QURE | UNIQURE NV | 301,800 | $7.222M | 1.2% | $38.59 | 0.0% | Put | N90064101 |
| ROIV | ROIVANT SCIENCES LTD | 318,700 | $6.916M | 1.2% | $12.38 | +59.4% | Put | G76279101 |
| OCUL | OCULAR THERAPEUTIX INC | 545,200 | $6.619M | 1.1% | — | — | Call | 67576A100 |
| ZYME | ZYMEWORKS INC | 240,600 | $6.335M | 1.1% | — | — | Call | 98985Y108 |
| CRSP | CRISPR THERAPEUTICS AG | 112,700 | $5.91M | 1.0% | — | — | Call | H17182108 |
| CAPR | CAPRICOR THERAPEUTICS INC | 200,000 | $5.772M | 1.0% | $13.06 | 0.0% | Put | 14070B309 |
| BBIO | BRIDGEBIO PHARMA INC | 70,000 | $5.354M | 0.9% | $65.64 | 0.0% | COM | 10806X102 |
| UTHR | UNITED THERAPEUTICS CORP DEL | 10,000 | $4.872M | 0.8% | $465.69 | 0.0% | COM | 91307C102 |
| CORT | CORCEPT THERAPEUTICS INC | 134,800 | $4.691M | 0.8% | $78.55 | 0.0% | Put | 218352102 |
| COGT | COGENT BIOSCIENCES INC | 131,852 | $4.683M | 0.8% | $13.44 | +109.2% | COM | 19240Q201 |
| CAPR | CAPRICOR THERAPEUTICS INC | 158,075 | $4.562M | 0.8% | $13.06 | 0.0% | COM NEW | 14070B309 |
| VRTX | VERTEX PHARMACEUTICALS INC | 10,000 | $4.534M | 0.8% | $431.03 | 0.0% | COM | 92532F100 |
| ANIP | ANI PHARMACEUTICALS INC | 53,354 | $4.212M | 0.7% | $83.62 | +3.5% | COM | 00182C103 |
| REGN | REGENERON PHARMACEUTICALS | 5,000 | $3.859M | 0.7% | $586.61 | +15.7% | Call | 75886F107 |
| TGTX | TG THERAPEUTICS INC | 123,283 | $3.675M | 0.6% | $33.61 | -2.8% | COM | 88322Q108 |
| BIOA | BIOAGE LABS INC | 271,164 | $3.587M | 0.6% | $8.86 | 0.0% | COM | 09077V100 |
| CORT | CORCEPT THERAPEUTICS INC | 97,445 | $3.391M | 0.6% | $78.55 | 0.0% | COM | 218352102 |
| MNKD | MANNKIND CORP | 552,300 | $3.132M | 0.5% | $4.72 | +16.7% | Call | 56400P706 |
| RXRX | RECURSION PHARMACEUTICALS IN | 741,900 | $3.034M | 0.5% | — | — | Call | 75629V104 |
| TGTX | TG THERAPEUTICS INC | 100,000 | $2.981M | 0.5% | $33.61 | -2.8% | Put | 88322Q108 |
| TENX | TENAX THERAPEUTICS INC | 243,170 | $2.964M | 0.5% | $8.70 | 0.0% | COM NEW | 88032L605 |
| RVMD | REVOLUTION MEDICINES INC | 37,020 | $2.949M | 0.5% | $38.42 | +70.7% | COM | 76155X100 |
| NTLA | INTELLIA THERAPEUTICS INC | 316,900 | $2.849M | 0.5% | — | — | Put | 45826J105 |
| GOSS | GOSSAMER BIO INC | 877,100 | $2.719M | 0.5% | — | — | Call | 38341P102 |
| NVO | NOVO-NORDISK A S | 53,100 | $2.702M | 0.5% | $55.49 | — | Put | 670100205 |
| ABUS | ARBUTUS BIOPHARMA CORP | 548,600 | $2.639M | 0.5% | — | — | Call | 03879J100 |
| TERN | TERNS PHARMACEUTICALS INC | 64,700 | $2.614M | 0.5% | $5.58 | +314.1% | Call | 880881107 |
| SLNO | SOLENO THERAPEUTICS INC | 53,100 | $2.459M | 0.4% | $67.08 | -18.3% | Call | 834203309 |
| IMCR | IMMUNOCORE HLDGS PLC | 70,300 | $2.44M | 0.4% | $30.84 | — | ADS | 45258D105 |
| OLMA | OLEMA PHARMACEUTICALS INC | 96,100 | $2.402M | 0.4% | — | — | Call | 68062P106 |
| IRWD | IRONWOOD PHARMACEUTICALS INC | 683,611 | $2.304M | 0.4% | $2.60 | 0.0% | COM CL A | 46333X108 |
| RARE | ULTRAGENYX PHARMACEUTICAL IN | 100,000 | $2.3M | 0.4% | $36.05 | -8.8% | Call | 90400D108 |
| BHVN | BIOHAVEN LTD | 200,000 | $2.258M | 0.4% | — | — | Call | G1110E107 |
| CNTA | CENTESSA PHARMACEUTICALS PLC | 90,000 | $2.251M | 0.4% | $25.01 | — | SPONSORED ADS | 152309100 |
| REPL | REPLIMUNE GROUP INC | 230,997 | $2.245M | 0.4% | $8.50 | 0.0% | COM | 76029N106 |
| AQST | AQUESTIVE THERAPEUTICS INC | 337,700 | $2.182M | 0.4% | — | — | Put | 03843E104 |
| LLY | ELI LILLY & CO | 2,000 | $2.149M | 0.4% | $955.55 | 0.0% | COM | 532457108 |
| ALNY | ALNYLAM PHARMACEUTICALS INC | 5,341 | $2.124M | 0.4% | $407.20 | +8.7% | COM | 02043Q107 |
| TECX | TECTONIC THERAPEUTIC INC | 100,600 | $2.099M | 0.4% | — | — | Call | 878972108 |
| LPCN | LIPOCINE INC NEW | 260,939 | $2.095M | 0.4% | $3.36 | 0.0% | COM NEW | 53630X203 |
| PTGX | PROTAGONIST THERAPEUTICS INC | 22,700 | $1.983M | 0.3% | $47.99 | +70.5% | COM | 74366E102 |
| TVTX | TRAVERE THERAPEUTICS INC | 50,300 | $1.922M | 0.3% | — | — | Put | 89422G107 |
| NTLA | INTELLIA THERAPEUTICS INC | 212,400 | $1.909M | 0.3% | — | — | Call | 45826J105 |
| RLMD | RELMADA THERAPEUTICS INC | 389,395 | $1.881M | 0.3% | $3.35 | 0.0% | COM | 75955J402 |
| CRMD | CORMEDIX INC | 159,000 | $1.849M | 0.3% | — | — | Put | 21900C308 |
| VTYX | VENTYX BIOSCIENCES INC | 200,000 | $1.806M | 0.3% | $5.76 | +29.8% | COM | 92332V107 |
| ALT | ALTIMMUNE INC | 491,800 | $1.775M | 0.3% | — | — | Call | 02155H200 |
| VNDA | VANDA PHARMACEUTICALS INC | 200,000 | $1.764M | 0.3% | — | — | Call | 921659108 |
| ANNX | ANNEXON INC | 350,000 | $1.757M | 0.3% | $3.82 | 0.0% | COM | 03589W102 |
| MNKD | MANNKIND CORP | 302,000 | $1.712M | 0.3% | $4.72 | +16.7% | COM NEW | 56400P706 |
| SLS | SELLAS LIFE SCIENCES GROUP I | 424,900 | $1.602M | 0.3% | — | — | Call | 81642T209 |
| IVA | INVENTIVA SA | 334,251 | $1.554M | 0.3% | $4.65 | — | ADS | 46124U107 |
| ANNX | ANNEXON INC | 309,100 | $1.552M | 0.3% | $3.82 | 0.0% | Call | 03589W102 |
| LEGN | LEGEND BIOTECH CORP | 69,000 | $1.5M | 0.3% | — | — | Call | 52490G102 |
| BCRX | BIOCRYST PHARMACEUTICALS INC | 190,928 | $1.489M | 0.3% | $7.23 | 0.0% | COM | 09058V103 |
| ARDX | ARDELYX INC | 252,198 | $1.47M | 0.3% | $5.43 | +2.5% | COM | 039697107 |
| ASND | ASCENDIS PHARMA A/S | 6,840 | $1.459M | 0.3% | $198.81 | — | SPONSORED ADR | 04351P101 |
| AQST | AQUESTIVE THERAPEUTICS INC | 211,100 | $1.364M | 0.2% | — | — | Call | 03843E104 |
| XERS | XERIS BIOPHARMA HOLDINGS INC | 170,568 | $1.339M | 0.2% | $7.33 | +7.3% | COM | 98422E103 |
| RIGL | RIGEL PHARMACEUTICALS INC | 30,000 | $1.285M | 0.2% | $37.70 | 0.0% | COM | 766559702 |
| SLNO | SOLENO THERAPEUTICS INC | 26,892 | $1.245M | 0.2% | $67.08 | -18.3% | COM | 834203309 |
| PCRX | PACIRA BIOSCIENCES INC | 48,025 | $1.243M | 0.2% | $24.37 | -2.4% | COM | 695127100 |
| TRVI | TREVI THERAPEUTICS INC | 97,184 | $1.217M | 0.2% | $5.60 | +106.3% | COM | 89532M101 |
| MPLT | MAPLIGHT THERAPEUTICS INC | 63,791 | $1.12M | 0.2% | $16.75 | 0.0% | COM | 56565P103 |
| QURE | UNIQURE NV | 45,000 | $1.077M | 0.2% | $38.59 | 0.0% | SHS | N90064101 |
| PCVX | VAXCYTE INC | 22,972 | $1.06M | 0.2% | $53.66 | -16.7% | COM | 92243G108 |
| ENTA | ENANTA PHARMACEUTICALS INC | 65,138 | $1.027M | 0.2% | $12.70 | 0.0% | COM | 29251M106 |
| PRTA | PROTHENA CORP PLC | 106,539 | $1.017M | 0.2% | $10.18 | 0.0% | SHS | G72800108 |
| GLUE | MONTE ROSA THERAPEUTICS INC | 62,281 | $977K | 0.2% | $13.48 | 0.0% | COM | 61225M102 |
| DSGN | DESIGN THERAPEUTICS INC | 100,320 | $941K | 0.2% | $7.83 | 0.0% | COM | 25056L103 |
| INO | INOVIO PHARMACEUTICALS INC | 533,682 | $929K | 0.2% | $2.20 | 0.0% | COM SHS | 45773H409 |
| MLYS | MINERALYS THERAPEUTICS INC | 25,000 | $907K | 0.2% | $40.10 | 0.0% | COM | 603170101 |
| MREO | MEREO BIOPHARMA GROUP PLC | 1,999,500 | $833K | 0.1% | — | — | Call | 589492107 |
| KOD | KODIAK SCIENCES INC | 29,600 | $828K | 0.1% | — | — | Call | 50015M109 |
| AYTU | AYTU BIOPHARMA INC | 305,788 | $795K | 0.1% | $2.30 | -2.6% | COM | 054754858 |
| EOLS | EVOLUS INC | 118,800 | $790K | 0.1% | — | — | Call | 30052C107 |
| PTHS | PELTHOS THERAPEUTICS INC | 25,000 | $775K | 0.1% | $26.93 | +7.1% | COM SHS | 171126204 |
| LQDA | LIQUIDIA CORPORATION | 21,881 | $755K | 0.1% | $28.47 | 0.0% | COM NEW | 53635D202 |
| EWTX | EDGEWISE THERAPEUTICS INC | 30,000 | $744K | 0.1% | $20.07 | 0.0% | COM | 28036F105 |
| VRDN | VIRIDIAN THERAPEUTICS INC | 21,114 | $657K | 0.1% | $27.43 | 0.0% | COM | 92790C104 |
| EDIT | EDITAS MEDICINE INC | 318,700 | $653K | 0.1% | — | — | Call | 28106W103 |
| MLTX | MOONLAKE IMMUNOTHERAPEUTICS | 47,200 | $622K | 0.1% | — | — | Call | 61559X104 |
| — | INDIVIOR PLC | 17,320 | $621K | 0.1% | $24.11 | — | ORD | G4766E116 |
| VIR | VIR BIOTECHNOLOGY INC | 100,000 | $603K | 0.1% | $5.95 | 0.0% | COM | 92764N102 |
| LGND | LIGAND PHARMACEUTICALS INC | 2,987 | $565K | 0.1% | $192.14 | 0.0% | COM NEW | 53220K504 |
| ZYME | ZYMEWORKS INC | 21,400 | $563K | 0.1% | — | — | Put | 98985Y108 |
| UPB | UPSTREAM BIO INC | 20,500 | $557K | 0.1% | $24.89 | 0.0% | COM | 91678A107 |
| STOK | STOKE THERAPEUTICS INC | 17,181 | $545K | 0.1% | $30.06 | 0.0% | COM | 86150R107 |
| EQ | EQUILLIUM INC | 347,393 | $538K | 0.1% | $1.08 | +12.8% | COM | 29446K106 |
| VIR | VIR BIOTECHNOLOGY INC | 89,200 | $538K | 0.1% | $5.95 | 0.0% | Call | 92764N102 |
| CNTA | CENTESSA PHARMACEUTICALS PLC | 21,100 | $528K | 0.1% | $25.01 | — | Call | 152309100 |
| URGN | UROGEN PHARMA LTD | 21,810 | $511K | 0.1% | $10.57 | +105.1% | COM | M96088105 |
| AVXL | ANAVEX LIFE SCIENCES CORP | 140,600 | $501K | 0.1% | — | — | Call | 032797300 |
| IMNM | IMMUNOME INC | 22,500 | $483K | 0.1% | $17.55 | 0.0% | COM | 45257U108 |
| BDTX | BLACK DIAMOND THERAPEUTICS I | 190,400 | $463K | 0.1% | — | — | Call | 09203E105 |
| JANX | JANUX THERAPEUTICS INC | 30,000 | $414K | 0.1% | — | — | Call | 47103J105 |
| CRVS | CORVUS PHARMACEUTICALS INC | 53,100 | $409K | 0.1% | — | — | Put | 221015100 |
| PALI | PALISADE BIO INC | 166,049 | $390K | 0.1% | $1.92 | 0.0% | COM | 696389402 |
| PRQR | PROQR THRAPEUTICS N V | 167,532 | $338K | 0.1% | $2.89 | -19.1% | SHS EURO | N71542109 |
| BIOA | BIOAGE LABS INC | 22,600 | $299K | 0.1% | $8.86 | 0.0% | Call | 09077V100 |
| HRMY | HARMONY BIOSCIENCES HLDGS IN | 7,500 | $281K | 0.0% | $34.45 | -4.6% | COM | 413197104 |
| AARD | AARDVARK THERAPEUTICS INC | 15,882 | $208K | 0.0% | $12.48 | 0.0% | COM | 002942100 |
| PBYI | PUMA BIOTECHNOLOGY INC | 33,800 | $201K | 0.0% | — | — | Call | 74587V107 |
| NEUP | NEUPHORIA THERAPEUTICS INC | 50,000 | $194K | 0.0% | $8.04 | -11.6% | COM | 64136E102 |
| PLRX | PLIANT THERAPEUTICS INC | 144,914 | $177K | 0.0% | $1.50 | 0.0% | COM | 729139105 |
| INO | INOVIO PHARMACEUTICALS INC | 100,000 | $174K | 0.0% | $2.20 | 0.0% | Call | 45773H409 |
| ONC | BEONE MEDICINES LTD | 7,500 | $173K | 0.0% | $23.04 | — | SPONSORED ADS | 07725L102 |
| FHTX | FOGHORN THERAPEUTICS INC | 30,630 | $165K | 0.0% | $5.30 | -14.5% | COM | 344174107 |
| TLPH | TALPHERA INC | 136,923 | $156K | 0.0% | $1.21 | 0.0% | COM NEW | 00444T209 |
| RVPH | REVIVA PHARMACEUTCLS HLDGS I | 500,000 | $140K | 0.0% | $0.97 | -42.5% | Call | 76152G100 |
| PRTC | PURETECH HEALTH PLC | 7,442 | $124K | 0.0% | $17.24 | — | ADS | 746237106 |
| LYEL | LYELL IMMUNOPHARMA INC | 3,800 | $117K | 0.0% | — | — | Put | 55083R203 |
| INBX | INHIBRX BIOSCIENCES INC | 1,299 | $103K | 0.0% | $68.13 | 0.0% | COM | 45720N103 |
| EDSA | EDESA BIOTECH INC | 54,025 | $76,716 | 0.0% | $1.96 | 0.0% | COM NEW | 27966L306 |
| VTGN | VISTAGEN THERAPEUTICS INC | 106,500 | $70,492 | 0.0% | $2.82 | +28.2% | Call | 92840H400 |
| VTGN | VISTAGEN THERAPEUTICS INC | 100,000 | $66,190 | 0.0% | $2.82 | +28.2% | COM | 92840H400 |
| SAVA | CASSAVA SCIENCES INC | 10,600 | $20,988 | 0.0% | — | — | Put | 14817C107 |
| ATYR | ATYR PHARMA INC | 15,500 | $12,138 | 0.0% | — | — | Call | 002120202 |
| ATYR | ATYR PHARMA INC | 11,800 | $9,241 | 0.0% | — | — | Put | 002120202 |
| JBIO | JADE BIOSCIENCES INC | 1,046 | $2,972 | 0.0% | — | — | Put | 008064206 |
| — | APPLIED THERAPEUTICS INC | 20,200 | $2,020 | 0.0% | — | — | Call | 03828A101 |