13F HOLDINGS REPORT
PERCEPTIVE ADVISORS LLC
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001012975-26-000155
Total Value
$5.61B
Positions
116
Other Managers
0
Confidential Omitted
No
Holdings (116)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PRAXIS PRECISION MEDICINES I | PRAX | 1,995,986 | $588.3M | 10.49% |
| 2 | CELCUITY INC | CELC | 3,160,200 | $315.2M | 5.62% |
| 3 | RHYTHM PHARMACEUTICALS INC | RYTM | 2,546,391 | $272.6M | 4.86% |
| 4 | ASCENDIS PHARMA A/S | ASND | 1,081,421 | $230.6M | 4.11% |
| 5 | APOGEE THERAPEUTICS INC | APGE | 2,330,651 | $175.9M | 3.14% |
| 6 | ROIVANT SCIENCES LTD | ROIV | 7,985,461 | $173.3M | 3.09% |
| 7 | NUVALENT INC | NUVL | 1,665,105 | $167.5M | 2.99% |
| 8 | TRAVERE THERAPEUTICS INC | TVTX | 4,278,180 | $163.5M | 2.91% |
| 9 | SPDR SERIES TRUST | 78464A870 | 1,100,000 | $134.1M | 2.39% |
| 10 | EXACT SCIENCES CORP | 30063P105 | 1,200,487 | $121.9M | 2.17% |
| 11 | PROTAGONIST THERAPEUTICS INC | PTGX | 1,350,425 | $117.9M | 2.10% |
| 12 | INHIBRX BIOSCIENCES INC | INBX | 1,452,707 | $114.8M | 2.05% |
| 13 | EDGEWISE THERAPEUTICS | EWTX | 4,457,974 | $110.6M | 1.97% |
| 14 | IMMATICS N.V | IMTX | 10,383,456 | $109.0M | 1.94% |
| 15 | SPYRE THERAPEUTICS INC | SYRE | 3,069,225 | $100.5M | 1.79% |
| 16 | AMYLYX PHARMACEUTICALS INC | AMLX | 8,284,882 | $100.1M | 1.78% |
| 17 | ARCELLX INC | ACLX | 1,466,071 | $95.6M | 1.70% |
| 18 | VIRIDIAN THERAPEUTICS INC | VRDN | 3,042,703 | $94.7M | 1.69% |
| 19 | BOSTON SCIENTIFIC CORP | BSX | 979,000 | $93.3M | 1.66% |
| 20 | AMICUS THERAPEUTICS INC | FOLD | 6,370,851 | $90.7M | 1.62% |
| 21 | ZYMEWORKS INC | ZYME | 3,261,850 | $85.9M | 1.53% |
| 22 | ASTRIA THERAPEUTICS INC | 04635X102 | 6,485,420 | $84.9M | 1.51% |
| 23 | MEIRAGTX HLDGS PLC | MGTX | 10,326,103 | $82.1M | 1.46% |
| 24 | ARTIVION INC | AORT | 1,722,290 | $78.6M | 1.40% |
| 25 | CENTESSA PHARMACEUTICALS PLC | CNTA | 2,917,634 | $73.0M | 1.30% |
| 26 | DYNE THERAPEUTICS INC | DYN | 3,478,944 | $68.0M | 1.21% |
| 27 | NURIX THERAPEUTICS INC | NRIX | 3,555,877 | $67.5M | 1.20% |
| 28 | SOLID BIOSCIENCES INC | SLDB | 11,833,539 | $66.7M | 1.19% |
| 29 | BELITE BIO INC | BLTE | 414,239 | $66.3M | 1.18% |
| 30 | ABIVAX SA | AAVXF | 458,343 | $61.8M | 1.10% |
| 31 | INVIVYD INC | IVVD | 21,785,166 | $53.8M | 0.96% |
| 32 | ENGENE HOLDINGS INC | ENGNW | 5,869,076 | $53.0M | 0.94% |
| 33 | REPLIGEN CORP | RGEN | 315,541 | $51.7M | 0.92% |
| 34 | IMMUNOVANT INC | IMVT | 1,994,890 | $50.7M | 0.90% |
| 35 | INTUITIVE SURGICAL INC | ISRG | 87,919 | $49.8M | 0.89% |
| 36 | SIONNA THERAPEUTICS INC | SION | 1,179,098 | $48.5M | 0.86% |
| 37 | NEUROCRINE BIOSCIENCES INC | NBIX | 331,050 | $47.0M | 0.84% |
| 38 | DANAHER CORPORATION | 235851102 | 200,000 | $45.8M | 0.82% |
| 39 | ORUKA THERAPEUTICS INC | ORKA | 1,476,501 | $44.8M | 0.80% |
| 40 | CYTOMX THERAPEUTICS INC | CTMX | 9,680,185 | $41.2M | 0.74% |
| 41 | OMADA HEALTH INC | OMDA | 2,396,330 | $37.8M | 0.67% |
| 42 | CIDARA THERAPEUTICS INC | 171757206 | 165,131 | $36.5M | 0.65% |
| 43 | DISC MEDICINE INC | IRON | 450,743 | $35.8M | 0.64% |
| 44 | BRIGHT MINDS BIOSCIENCES INC | DRUG | 449,290 | $35.1M | 0.62% |
| 45 | PENUMBRA INC | PEN | 110,529 | $34.4M | 0.61% |
| 46 | ALTO NEUROSCIENCE INC | ANRO | 1,784,393 | $31.8M | 0.57% |
| 47 | CARIS LIFE SCIENCES INC | CAI | 1,136,206 | $30.7M | 0.55% |
| 48 | JAZZ PHARMACEUTICALS PLC | JAZZ | 170,000 | $28.9M | 0.52% |
| 49 | PALISADE BIO INC | PALI | 12,050,000 | $28.3M | 0.50% |
| 50 | RAPT THERAPEUTICS INC | 75382E208 | 825,890 | $28.0M | 0.50% |
| 51 | PALVELLA THERAPEUTICS INC NE | PVLA | 266,287 | $27.9M | 0.50% |
| 52 | AXSOME THERAPEUTICS INC | AXSM | 148,900 | $27.2M | 0.48% |
| 53 | AXOGEN INC | AXGN | 784,140 | $25.7M | 0.46% |
| 54 | X4 PHARMACEUTICALS INC | XFOR | 6,314,452 | $25.3M | 0.45% |
| 55 | BIOCRYST PHARMACEUTICALS INC | BCRX | 3,162,529 | $24.7M | 0.44% |
| 56 | NAUTILUS BIOTECHNOLOGY INC | NAUT | 12,594,211 | $24.6M | 0.44% |
| 57 | KODIAK SCIENCES INC | KOD | 848,900 | $23.7M | 0.42% |
| 58 | BIOGEN INC | BIIB | 124,000 | $21.8M | 0.39% |
| 59 | ALDEYRA THERAPEUTICS INC | ALDX | 4,185,632 | $21.7M | 0.39% |
| 60 | ORCHESTRA BIOMED HLDGS INC | OBIO | 5,127,256 | $21.3M | 0.38% |
| 61 | MIRUM PHARMACEUTICALS INC | MIRM | 259,545 | $20.5M | 0.37% |
| 62 | RAPPORT THERAPEUTICS INC | RAPP | 673,923 | $20.4M | 0.36% |
| 63 | GRAIL INC | GRAL | 237,342 | $20.3M | 0.36% |
| 64 | IRHYTHM TECHNOLOGIES INC | IRTC | 108,000 | $19.2M | 0.34% |
| 65 | BETA BIONICS INC | BBNX | 602,944 | $18.4M | 0.33% |
| 66 | CVS HEALTH CORP | CVS | 220,000 | $17.5M | 0.31% |
| 67 | CONTINEUM THERAPEUTICS INC | CTNM | 1,464,592 | $16.7M | 0.30% |
| 68 | GUARDANT HEALTH INC | GH | 160,000 | $16.3M | 0.29% |
| 69 | ADMA BIOLOGICS INC | ADMA | 883,468 | $16.1M | 0.29% |
| 70 | RELAY THERAPEUTICS INC | RLAY | 1,903,245 | $16.1M | 0.29% |
| 71 | GLAUKOS CORP | GKOS | 140,000 | $15.8M | 0.28% |
| 72 | DEXCOM INC | DXCM | 225,758 | $15.0M | 0.27% |
| 73 | SAVARA INC | SVRA | 2,400,000 | $14.5M | 0.26% |
| 74 | CELCUITY INC | CELC | 6,500,000 | $14.1M | 0.25% |
| 75 | ATHIRA PHARMA INC | 04746L203 | 1,859,322 | $14.1M | 0.25% |
| 76 | SEPTERNA INC | SEPN | 433,160 | $12.1M | 0.22% |
| 77 | INHIBIKASE THERAPEUTICS INC | IKT | 5,421,568 | $11.1M | 0.20% |
| 78 | ADAGIO MED HLDGS INC | 00534B100 | 9,876,576 | $10.3M | 0.18% |
| 79 | OCULIS HOLDING AG | OCSAW | 493,827 | $9.9M | 0.18% |
| 80 | GOSSAMER BIO INC | GOSS | 3,139,669 | $9.7M | 0.17% |
| 81 | MAPLIGHT THERAPEUTICS INC | MPLT | 550,000 | $9.7M | 0.17% |
| 82 | XENON PHARMACEUTICALS INC | XENE | 200,791 | $9.0M | 0.16% |
| 83 | OPUS GENETICS INC | IRD | 4,325,000 | $8.7M | 0.15% |
| 84 | ANTERIS TECHNOLOGIES GLOBAL | AVR | 1,675,476 | $8.4M | 0.15% |
| 85 | KESTRA MED TECHNOLOGIES LTD | BEKE | 285,000 | $7.6M | 0.13% |
| 86 | CAPRICOR THERAPEUTICS INC | CAPR | 242,100 | $7.0M | 0.12% |
| 87 | BILLIONTOONE INC | BLLN | 72,812 | $6.0M | 0.11% |
| 88 | BIOHAVEN LTD | BHVN | 500,000 | $5.6M | 0.10% |
| 89 | KYMERA THERAPEUTICS INC | KYMR | 69,935 | $5.4M | 0.10% |
| 90 | PEPGEN INC | PEPG | 829,870 | $5.4M | 0.10% |
| 91 | CRESCENT BIOPHARMA INC. | CBIO | 453,686 | $5.4M | 0.10% |
| 92 | TENAX THERAPEUTICS INC | TENX | 439,142 | $5.4M | 0.10% |
| 93 | CORVUS PHARMACEUTICALS INC | CRVS | 692,441 | $5.3M | 0.10% |
| 94 | TECTONIC THERAPEUTIC INC | TECX | 250,000 | $5.2M | 0.09% |
| 95 | AQUESTIVE THERAPEUTICS INC | AQST | 747,193 | $4.8M | 0.09% |
| 96 | TANGO THERAPEUTICS INC | TNGX | 513,035 | $4.5M | 0.08% |
| 97 | KRYSTAL BIOTECH INC | KRYS | 17,500 | $4.3M | 0.08% |
| 98 | COGENT BIOSCIENCES INC | COGT | 121,082 | $4.3M | 0.08% |
| 99 | OLEMA PHARMACEUTICALS INC | OLMA | 165,713 | $4.1M | 0.07% |
| 100 | SCHRODINGER INC | SDGR | 202,400 | $3.6M | 0.06% |
| 101 | OUTSET MED INC | OM | 833,333 | $3.1M | 0.06% |
| 102 | SAB BIOTHERAPEUTICS INC | SABSW | 803,210 | $3.0M | 0.05% |
| 103 | AVALO THERAPEUTICS INC | AVTX | 139,667 | $2.5M | 0.05% |
| 104 | CONNECT BIOPHARMA HLDGS LTD | CNTB | 792,696 | $2.2M | 0.04% |
| 105 | IMMIX BIOPHARMA INC | IMMX | 338,941 | $1.8M | 0.03% |
| 106 | LEXEO THERAPEUTICS INC | LXEO | 139,835 | $1.4M | 0.02% |
| 107 | CUMBERLAND PHARMACEUTICALS I | CPIX | 341,087 | $1.4M | 0.02% |
| 108 | MEDLINE INC | MDLN | 28,000 | $1.2M | 0.02% |
| 109 | PALATIN TECHNOLOGIES INC | PTN | 70,000 | $1.1M | 0.02% |
| 110 | LENZ THERAPEUTICS INC | LENZ | 50,000 | $800,000 | 0.01% |
| 111 | BIODESIX | BDSX | 108,694 | $739,119 | 0.01% |
| 112 | ENVVENO MEDICAL CORPORATION | NVNO | 1,759,035 | $564,298 | 0.01% |
| 113 | IOVANCE BIOTHERAPEUTICS INC | IOVA | 152,714 | $416,909 | 0.01% |
| 114 | REVOLUTION MEDICINES INC | RVMDW | 250,000 | $234,975 | 0.00% |
| 115 | ENSYSCE BIOSCIENCES INC | ENSCW | 86,666 | $79,733 | 0.00% |
| 116 | SURROZEN INC | SRZNW | 166,666 | $3,333 | 0.00% |