TANG CAPITAL MANAGEMENT LLC 13F Holdings

CIK 0001232621 · SAN DIEGO, CA

As of Sep 30, 2025, TANG CAPITAL MANAGEMENT LLC reported 194 positions worth $2.6B in its SEC Form 13F filing.

Top 25 holdings

SecurityTickerSectorSharesValue% of portfolio
TARSUS PHARMACEUTICALS INCTARSHealthcare2,454,797 45.9M5.62%
GALAPAGOS NVGLPGHealthcare4,151,194 43.8M5.54%
AURINIA PHARMACEUTICALS INCAUPHHealthcare11,329,500 25.2M4.82%
PTC THERAPEUTICS INCPTCTHealthcare1,500,000$92.1M3.54%
MIRUM PHARMACEUTICALS INCMIRMHealthcare1,236,027$90.6M3.49%
KINIKSA PHARMACEUTICALS INTERNATIONAL PLCKNSAHealthcare2,328,609$90.4M3.48%
IMMUNOCORE HOLDINGS PLCIMCRHealthcare2,305,608$83.8M3.22%
KALVISTA PHARMACEUTICALS INCKALVHealthcare5,041,798$61.4M2.36%
VIRIDIAN THERAPEUTICS INCVRDNHealthcare2,842,925$61.4M2.36%
COMPASS THERAPEUTICS INCCMPXHealthcare16,811,963$58.8M2.27%
CELCUITY INCCELC—1,150,000$56.8M2.19%
MERUS NVMRUSHealthcare600,000$56.5M2.17%
SPYRE THERAPEUTICS INCSYREHealthcare3,200,000$53.6M2.06%
RELAY THERAPEUTICS INCRLAYHealthcare8,068,058$42.1M1.62%
LENZ THERAPEUTICS INCLENZHealthcare897,616$41.8M1.61%
ANAPTYSBIO INCANABHealthcare1,333,639$40.8M1.57%
PRECIGEN INCPGENHealthcare12,400,000$40.8M1.57%
VERA THERAPEUTICS INCVERAHealthcare1,350,000$39.2M1.51%
NIKE INCNKEConsumer Cyclical519,399$36.2M1.39%
IONIS PHARMACEUTICALS INCIONSHealthcare550,000$36.0M1.39%
CYTOMX THERAPEUTICS INCCTMXHealthcare11,065,662$35.3M1.36%
EVOLUS INCEOLSHealthcare5,488,299$33.7M1.30%
AVADEL PHARMACEUTICALS PLCAVDLHealthcare2,097,500$32.0M1.23%
ACADIA PHARMACEUTICALS INCACADHealthcare1,500,000$32.0M1.23%
VERTEX PHARMACEUTICALS INCVRTXHealthcare80,000$31.3M1.21%