B Group, Inc. Diversified Active

CIK: 0002043476 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $135,435 (100.0% shares, 0.0% debt)

Holdings (16)

New Positions (2)

PALI PALISADE BIO INC 7.8%

Value ($000) $10,575 Shares 4,500,000 Est. Cost $1.92 Unrealized 0.0%

GPCR STRUCTURE THERAPEUTICS INC 4.6%

Value ($000) $6,260 Shares 90,000 Est. Cost $69.55 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PALI	PALISADE BIO INC	4,500,000	$10,575	7.8%	$1.92	0.0%	COM	696389402
GPCR	STRUCTURE THERAPEUTICS INC	90,000	$6,260	4.6%	$69.55	—	SPONSORED ADS	86366E106

Increased Positions (2)

ADMA ADMA BIOLOGICS INC 33.1%

Value ($000) $44,826 (+26.7%) Shares 2,457,542 (+1.9%) Est. Cost $18.69 Unrealized -9.8%

PRAX PRAXIS PRECISION MEDICINES I 7.2%

Value ($000) $9,796 (+486.8%) Shares 33,237 (+5.5%) Est. Cost $58.36 Unrealized +219.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADMA	ADMA BIOLOGICS INC	2,457,542 (+1.9%)	$44,826 (+26.7%)	33.1%	$18.69	-9.8%	COM	000899104
PRAX	PRAXIS PRECISION MEDICINES I	33,237 (+5.5%)	$9,796 (+486.8%)	7.2%	$58.36	+219.1%	COM NEW	74006W207

Exited Positions (6)

LLY ELI LILLY & CO 12.7%

Value ($000) $17,168 Shares 22,500 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 10.3%

Value ($000) $13,994 Shares 75,000 Est. Cost — Unrealized —

— AKERO THERAPEUTICS INC 8.1%

Value ($000) $11,037 Shares 232,446 Est. Cost $27.82 Unrealized —

NRXPW NRX PHARMACEUTICALS INC 3.3%

Value ($000) $4,455 Shares 3,000,000 Est. Cost $1.49 Unrealized —

GAME GAMESQUARE HLDGS INC 0.1%

Value ($000) $170 Shares 250,000 Est. Cost $0.99 Unrealized -41.4%

INSM INSMED INC 0.0%

Value ($000) $23 Shares 158 Est. Cost $72.02 Unrealized +153.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	22,500	$17,168	12.7%	—	—	PUT	532457108
NVDA	NVIDIA CORPORATION	75,000	$13,994	10.3%	—	—	PUT	67066G104
—	AKERO THERAPEUTICS INC	232,446	$11,037	8.1%	$27.82	—	—	00973Y108
NRXPW	NRX PHARMACEUTICALS INC	3,000,000	$4,455	3.3%	$1.49	—	—	629444118
GAME	GAMESQUARE HLDGS INC	250,000	$170	0.1%	$0.99	-41.4%	—	36468G103
INSM	INSMED INC	158	$23	0.0%	$72.02	+153.4%	—	457669307

Decreased Positions (2)

SGHT SIGHT SCIENCES INC 5.4%

Value ($000) $7,296 (+128.0%) Shares 920,000 (-1.1%) Est. Cost $4.05 Unrealized +57.9%

APGE APOGEE THERAPEUTICS INC 1.1%

Value ($000) $1,510 (+8.6%) Shares 20,000 (-42.9%) Est. Cost $43.86 Unrealized +43.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SGHT	SIGHT SCIENCES INC	920,000 (-1.1%)	$7,296 (+128.0%)	5.4%	$4.05	+57.9%	COM	82657M105
APGE	APOGEE THERAPEUTICS INC	20,000 (-42.9%)	$1,510 (+8.6%)	1.1%	$43.86	+43.6%	COM	03770N101

Unchanged Positions (10)

CLLS CELLECTIS S A 11.7%

Value ($000) $15,882 Shares 3,281,501 Est. Cost $1.77 Unrealized —

ZLAB ZAI LAB LTD 5.2%

Value ($000) $7,056 Shares 400,000 Est. Cost $26.19 Unrealized —

TSHA TAYSHA GENE THERAPIES INC 7.3%

Value ($000) $9,903 Shares 1,800,556 Est. Cost $2.04 Unrealized +138.1%

SYRE SPYRE THERAPEUTICS INC 2.4%

Value ($000) $3,276 Shares 100,000 Est. Cost $23.56 Unrealized +10.9%

ASMB ASSEMBLY BIOSCIENCES INC 4.4%

Value ($000) $5,976 Shares 175,706 Est. Cost $13.84 Unrealized +132.7%

RARE ULTRAGENYX PHARMACEUTICAL IN 2.3%

Value ($000) $3,105 Shares 135,000 Est. Cost $37.33 Unrealized -11.9%

IOVA IOVANCE BIOTHERAPEUTICS INC 3.0%

Value ($000) $4,095 Shares 1,500,000 Est. Cost $7.88 Unrealized -70.6%

ORKA ORUKA THERAPEUTICS INC 1.7%

Value ($000) $2,273 Shares 75,000 Est. Cost $15.19 Unrealized +83.4%

AURA AURA BIOSCIENCES INC 2.3%

Value ($000) $3,121 Shares 572,576 Est. Cost $8.79 Unrealized -32.4%

REPL REPLIMUNE GROUP INC 0.4%

Value ($000) $486 Shares 50,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CLLS	CELLECTIS S A	3,281,501	$15,882	11.7%	$1.77	—	SPON ADS	15117K103
ZLAB	ZAI LAB LTD	400,000	$7,056	5.2%	$26.19	—	ADR	98887Q104
TSHA	TAYSHA GENE THERAPIES INC	1,800,556	$9,903	7.3%	$2.04	+138.1%	COM SHS	877619106
SYRE	SPYRE THERAPEUTICS INC	100,000	$3,276	2.4%	$23.56	+10.9%	COM NEW	00773J202
ASMB	ASSEMBLY BIOSCIENCES INC	175,706	$5,976	4.4%	$13.84	+132.7%	COM NEW	045396207
RARE	ULTRAGENYX PHARMACEUTICAL IN	135,000	$3,105	2.3%	$37.33	-11.9%	COM	90400D108
IOVA	IOVANCE BIOTHERAPEUTICS INC	1,500,000	$4,095	3.0%	$7.88	-70.6%	COM	462260100
ORKA	ORUKA THERAPEUTICS INC	75,000	$2,273	1.7%	$15.19	+83.4%	COM	687604108
AURA	AURA BIOSCIENCES INC	572,576	$3,121	2.3%	$8.79	-32.4%	COM	05153U107
REPL	REPLIMUNE GROUP INC	50,000	$486	0.4%	—	—	CALL	76029N106