13F HOLDINGS REPORT
Ikarian Capital, LLC
Quarter ended Q1 2025 · Filed May 15, 2025 · Accession 0001420506-25-001276
Total Value
$811.5M
Positions
160
Other Managers
0
Confidential Omitted
No
Holdings (160)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 320,000 | $179.0M | 22.06% |
| 2 | ELI LILLY & CO | LLY | 150,000 | $123.9M | 15.27% |
| 3 | CORCEPT THERAPEUTICS INC | CORT | 287,900 | $32.9M | 4.05% |
| 4 | TARSUS PHARMACEUTICALS INC | TARS | 485,021 | $24.9M | 3.07% |
| 5 | BRIDGEBIO PHARMA INC | BBIO | 655,400 | $22.7M | 2.79% |
| 6 | CRINETICS PHARMACEUTICALS IN | CRNX | 523,431 | $17.6M | 2.16% |
| 7 | SOLENO THERAPEUTICS INC | SLNO | 243,000 | $17.4M | 2.14% |
| 8 | SPDR S&P 500 ETF TR | SPY | 25,000 | $14.0M | 1.72% |
| 9 | CORCEPT THERAPEUTICS INC | CORT | 100,000 | $11.4M | 1.41% |
| 10 | SAREPTA THERAPEUTICS INC | SRPT | 169,087 | $10.8M | 1.33% |
| 11 | BLUEPRINT MEDICINES CORP | 09627Y109 | 113,904 | $10.1M | 1.24% |
| 12 | AKERO THERAPEUTICS INC | 00973Y108 | 245,000 | $9.9M | 1.22% |
| 13 | AVIDITY BIOSCIENCES INC | 05370A108 | 300,000 | $8.9M | 1.09% |
| 14 | ALNYLAM PHARMACEUTICALS INC | ALNY | 31,594 | $8.5M | 1.05% |
| 15 | BIOHAVEN LTD | BHVN | 348,200 | $8.4M | 1.03% |
| 16 | TG THERAPEUTICS INC | TGTX | 210,065 | $8.3M | 1.02% |
| 17 | VERONA PHARMA PLC | 925050106 | 130,000 | $8.3M | 1.02% |
| 18 | ULTRAGENYX PHARMACEUTICAL IN | RARE | 216,989 | $7.9M | 0.97% |
| 19 | SCHOLAR ROCK HLDG CORP | SRRK | 244,179 | $7.9M | 0.97% |
| 20 | VAXCYTE INC | PCVX | 200,000 | $7.6M | 0.93% |
| 21 | TRUPANION INC | TRUP | 200,000 | $7.5M | 0.92% |
| 22 | ARCELLX INC | ACLX | 111,600 | $7.3M | 0.90% |
| 23 | SOLENO THERAPEUTICS INC | SLNO | 100,000 | $7.1M | 0.88% |
| 24 | VIR BIOTECHNOLOGY INC | VIR | 1,068,062 | $6.9M | 0.85% |
| 25 | IMMUNOVANT INC | IMVT | 400,000 | $6.8M | 0.84% |
| 26 | VIRIDIAN THERAPEUTICS INC | VRDN | 494,949 | $6.7M | 0.82% |
| 27 | INSMED INC | INSM | 84,800 | $6.5M | 0.80% |
| 28 | EDGEWISE THERAPEUTICS INC | EWTX | 280,000 | $6.2M | 0.76% |
| 29 | CATALYST PHARMACEUTICALS INC | CPRX | 249,649 | $6.1M | 0.75% |
| 30 | CYTOKINETICS INC | CYTK | 149,982 | $6.0M | 0.74% |
| 31 | ENLIVEN THERAPEUTICS INC | ELVN | 289,538 | $5.7M | 0.70% |
| 32 | PRAXIS PRECISION MEDICINES I | PRAX | 145,502 | $5.5M | 0.68% |
| 33 | CIDARA THERAPEUTICS INC | 171757206 | 248,940 | $5.4M | 0.66% |
| 34 | ALPHA COGNITION INC | ACOG | 967,867 | $5.1M | 0.63% |
| 35 | KYMERA THERAPEUTICS INC | KYMR | 176,800 | $4.8M | 0.60% |
| 36 | PROTAGONIST THERAPEUTICS INC | PTGX | 100,000 | $4.8M | 0.60% |
| 37 | PROTAGONIST THERAPEUTICS INC | PTGX | 100,000 | $4.8M | 0.60% |
| 38 | TECTONIC THERAPEUTIC INC | TECX | 269,090 | $4.8M | 0.59% |
| 39 | FORTE BIOSCIENCES INC | FBRX | 609,225 | $4.7M | 0.58% |
| 40 | STRUCTURE THERAPEUTICS INC | GPCR | 264,085 | $4.6M | 0.56% |
| 41 | ULTRAGENYX PHARMACEUTICAL IN | RARE | 113,100 | $4.1M | 0.50% |
| 42 | METSERA INC | 59267L107 | 150,000 | $4.1M | 0.50% |
| 43 | NEURONETICS INC | STIM | 1,100,000 | $4.0M | 0.50% |
| 44 | CAPRICOR THERAPEUTICS INC | CAPR | 400,000 | $3.8M | 0.47% |
| 45 | DYNE THERAPEUTICS INC | DYN | 358,837 | $3.8M | 0.46% |
| 46 | MOONLAKE IMMUNOTHERAPEUTICS | MLTX | 94,500 | $3.7M | 0.45% |
| 47 | MOONLAKE IMMUNOTHERAPEUTICS | MLTX | 94,500 | $3.7M | 0.45% |
| 48 | INCYTE CORP | INCY | 60,400 | $3.7M | 0.45% |
| 49 | VIKING THERAPEUTICS INC | VKTX | 150,000 | $3.6M | 0.45% |
| 50 | ULTRAGENYX PHARMACEUTICAL IN | RARE | 100,000 | $3.6M | 0.45% |
| 51 | TREVI THERAPEUTICS INC | TRVI | 575,000 | $3.6M | 0.45% |
| 52 | MAZE THERAPEUTICS INC | MAZE | 322,740 | $3.6M | 0.44% |
| 53 | JANUX THERAPEUTICS INC | JANX | 129,691 | $3.5M | 0.43% |
| 54 | ELEDON PHARMACEUTICALS INC | ELDN | 1,025,221 | $3.5M | 0.43% |
| 55 | SCHOLAR ROCK HLDG CORP | SRRK | 100,000 | $3.2M | 0.40% |
| 56 | UNIQURE NV | QURE | 300,000 | $3.2M | 0.39% |
| 57 | BRIDGEBIO PHARMA INC | BBIO | 90,837 | $3.1M | 0.39% |
| 58 | CUMBERLAND PHARMACEUTICALS I | CPIX | 740,000 | $3.1M | 0.39% |
| 59 | TEVA PHARMACEUTICAL INDS LTD | 881624209 | 200,000 | $3.1M | 0.38% |
| 60 | KEROS THERAPEUTICS INC | KROS | 274,009 | $2.8M | 0.34% |
| 61 | KYMERA THERAPEUTICS INC | KYMR | 100,000 | $2.7M | 0.34% |
| 62 | APOGEE THERAPEUTICS INC | APGE | 70,700 | $2.6M | 0.33% |
| 63 | ABEONA THERAPEUTICS INC | ABEO | 533,581 | $2.5M | 0.31% |
| 64 | CYBIN INC | HELP | 397,175 | $2.5M | 0.31% |
| 65 | IBIO INC | IBIO | 599,913 | $2.4M | 0.30% |
| 66 | BRIGHT MINDS BIOSCIENCES INC | DRUG | 65,431 | $2.4M | 0.29% |
| 67 | EVOLUS INC | EOLS | 193,265 | $2.3M | 0.29% |
| 68 | DYNE THERAPEUTICS INC | DYN | 187,000 | $2.0M | 0.24% |
| 69 | RELAY THERAPEUTICS INC | RLAY | 743,308 | $1.9M | 0.24% |
| 70 | LEXEO THERAPEUTICS INC | LXEO | 550,029 | $1.9M | 0.24% |
| 71 | ARCTURUS THERAPEUTICS HLDGS | ARCT | 175,000 | $1.9M | 0.23% |
| 72 | KODIAK SCIENCES INC | KOD | 649,534 | $1.8M | 0.22% |
| 73 | ORUKA THERAPEUTICS INC | ORKA | 175,000 | $1.8M | 0.22% |
| 74 | APELLIS PHARMACEUTICALS INC | APLS | 75,000 | $1.6M | 0.20% |
| 75 | VERVE THERAPEUTICS INC | 92539P101 | 358,393 | $1.6M | 0.20% |
| 76 | ARVINAS INC | ARVN | 229,900 | $1.6M | 0.20% |
| 77 | AVALO THERAPEUTICS INC | AVTX | 200,000 | $1.6M | 0.20% |
| 78 | ARCTURUS THERAPEUTICS HLDGS | ARCT | 150,000 | $1.6M | 0.20% |
| 79 | HARROW INC | HROW | 58,300 | $1.6M | 0.19% |
| 80 | VISTAGEN THERAPEUTICS INC | VTGN | 601,703 | $1.5M | 0.19% |
| 81 | TRUPANION INC | TRUP | 40,000 | $1.5M | 0.18% |
| 82 | ROCKET PHARMACEUTICALS INC | RCKTW | 221,911 | $1.5M | 0.18% |
| 83 | VENTYX BIOSCIENCES INC | 92332V107 | 1,217,590 | $1.4M | 0.17% |
| 84 | ARCUS BIOSCIENCES INC | RCUS | 163,363 | $1.3M | 0.16% |
| 85 | DELCATH SYS INC | DCTH | 100,365 | $1.3M | 0.16% |
| 86 | COMPASS THERAPEUTICS INC | CMPX | 662,200 | $1.3M | 0.16% |
| 87 | COMPASS THERAPEUTICS INC | CMPX | 662,200 | $1.3M | 0.16% |
| 88 | PROTHENA CORP PLC | PRTA | 100,000 | $1.2M | 0.15% |
| 89 | SANGAMO THERAPEUTICS INC | SGMO | 1,860,179 | $1.2M | 0.15% |
| 90 | VIKING THERAPEUTICS INC | VKTX | 50,000 | $1.2M | 0.15% |
| 91 | ALTIMMUNE INC | ALT | 240,000 | $1.2M | 0.15% |
| 92 | TELADOC HEALTH INC | TDOC | 150,000 | $1.2M | 0.15% |
| 93 | ALECTOR INC | ALEC | 950,000 | $1.2M | 0.14% |
| 94 | ONKURE THERAPEUTICS INC | OKUR | 253,754 | $1.1M | 0.13% |
| 95 | NUVATION BIO INC | NUVB | 619,258 | $1.1M | 0.13% |
| 96 | CORVUS PHARMACEUTICALS INC | CRVS | 338,100 | $1.1M | 0.13% |
| 97 | NEKTAR THERAPEUTICS | NKTR | 1,579,528 | $1.1M | 0.13% |
| 98 | TOURMALINE BIO INC | 89157D105 | 67,927 | $1.0M | 0.13% |
| 99 | IMMUNIC INC | IMUX | 914,170 | $996,445 | 0.12% |
| 100 | TERNS PHARMACEUTICALS INC | TERN | 308,491 | $851,435 | 0.10% |
| 101 | SOLID BIOSCIENCES INC | SLDB | 230,000 | $851,001 | 0.10% |
| 102 | 89BIO INC | 282559103 | 100,000 | $727,001 | 0.09% |
| 103 | OLEMA PHARMACEUTICALS INC | OLMA | 191,994 | $721,897 | 0.09% |
| 104 | VERU INC | VERU | 1,425,239 | $698,509 | 0.09% |
| 105 | IMMUNIC INC | IMUX | 635,800 | $693,022 | 0.09% |
| 106 | LEXICON PHARMACEUTICALS INC | LXRX | 1,417,952 | $653,393 | 0.08% |
| 107 | MONTE ROSA THERAPEUTICS INC | GLUE | 136,575 | $633,709 | 0.08% |
| 108 | CHANNEL THERAPEUTICS CORPORA | 171126105 | 440,849 | $626,004 | 0.08% |
| 109 | PYXIS ONCOLOGY INC | PYXS | 613,253 | $600,927 | 0.07% |
| 110 | DISC MEDICINE INC | IRON | 11,900 | $590,716 | 0.07% |
| 111 | INHIBRX BIOSCIENCES INC | INBX | 42,122 | $589,287 | 0.07% |
| 112 | FULCRUM THERAPEUTICS INC | FULC | 200,096 | $576,276 | 0.07% |
| 113 | SPRINGWORKS THERAPEUTICS INC | 85205L107 | 12,519 | $552,464 | 0.07% |
| 114 | MINERALYS THERAPEUTICS INC | MLYS | 34,300 | $544,684 | 0.07% |
| 115 | KEZAR LIFE SCIENCES INC | KZR | 106,901 | $521,677 | 0.06% |
| 116 | BIOMX INC | PHGE | 892,976 | $496,226 | 0.06% |
| 117 | LYELL IMMUNOPHARMA INC | LYEL | 876,037 | $471,307 | 0.06% |
| 118 | ITEOS THERAPEUTICS INC | 46565G104 | 78,585 | $469,152 | 0.06% |
| 119 | VIGIL NEUROSCIENCE INC | 92673K108 | 250,000 | $445,001 | 0.05% |
| 120 | AETHLON MED INC | AEMD | 1,229,285 | $440,084 | 0.05% |
| 121 | CELCUITY INC | CELC | 39,900 | $403,389 | 0.05% |
| 122 | ALTO NEUROSCIENCE INC | ANRO | 175,000 | $378,001 | 0.05% |
| 123 | MIND MEDICINE MINDMED INC | 60255C885 | 62,691 | $366,742 | 0.05% |
| 124 | THIRD HARMONIC BIO INC | 88427A107 | 100,000 | $347,001 | 0.04% |
| 125 | GINKGO BIOWORKS HOLDINGS INC | DNABW | 58,300 | $332,310 | 0.04% |
| 126 | TYRA BIOSCIENCES INC | TYRA | 35,000 | $325,500 | 0.04% |
| 127 | CELLDEX THERAPEUTICS INC NEW | CLDX | 17,800 | $323,070 | 0.04% |
| 128 | CELLDEX THERAPEUTICS INC NEW | CLDX | 17,800 | $323,070 | 0.04% |
| 129 | ACUMEN PHARMACEUTICALS INC | ABOS | 265,769 | $292,345 | 0.04% |
| 130 | CARTESIAN THERAPEUTICS INC | RNAC | 22,166 | $292,149 | 0.04% |
| 131 | SPRUCE BIOSCIENCES INC | SPRB | 1,000,000 | $290,100 | 0.04% |
| 132 | ALLAKOS INC | 01671P100 | 1,171,950 | $266,736 | 0.03% |
| 133 | GERON CORP | GERN | 150,000 | $238,500 | 0.03% |
| 134 | CHEMOMAB THERAPEUTICS LTD | CMMB | 213,052 | $232,226 | 0.03% |
| 135 | ACLARIS THERAPEUTICS INC | ACRS | 150,900 | $230,877 | 0.03% |
| 136 | MONOPAR THERAPEUTICS INC | MNPR | 5,908 | $215,111 | 0.03% |
| 137 | CLIMB BIO INC | CLYM | 175,088 | $213,608 | 0.03% |
| 138 | PEPGEN INC | PEPG | 150,000 | $210,750 | 0.03% |
| 139 | ANEBULO PHARMACEUTICALS INC | ANEB | 157,720 | $205,036 | 0.03% |
| 140 | VOYAGER THERAPEUTICS INC | VYGR | 55,766 | $188,489 | 0.02% |
| 141 | ELEVATION ONCOLOGY INC | 28623U101 | 690,050 | $178,792 | 0.02% |
| 142 | SENSEI BIOTHERAPEUTICS INC | SNSE | 449,963 | $177,285 | 0.02% |
| 143 | CORVUS PHARMACEUTICALS INC | CRVS | 50,000 | $159,000 | 0.02% |
| 144 | CELCUITY INC | CELC | 14,900 | $150,639 | 0.02% |
| 145 | EVAXION BIOTECH A/S | 29970R303 | 80,000 | $148,000 | 0.02% |
| 146 | REZOLUTE INC | RZLT | 50,058 | $145,168 | 0.02% |
| 147 | LYRA THERAPEUTICS INC | LYRA | 1,058,148 | $133,645 | 0.02% |
| 148 | THERIVA BIOLOGICS INC | TOVX | 120,031 | $132,034 | 0.02% |
| 149 | LARIMAR THERAPEUTICS INC | LRMR | 58,526 | $125,830 | 0.02% |
| 150 | JASPER THERAPEUTICS INC | JSPRW | 25,107 | $107,959 | 0.01% |
| 151 | KARYOPHARM THERAPEUTICS INC | KPTI | 27,257 | $101,941 | 0.01% |
| 152 | MACROGENICS INC | MGNX | 80,071 | $101,691 | 0.01% |
| 153 | ALPHA TEKNOVA INC | TKNO | 14,008 | $72,701 | 0.01% |
| 154 | TRAWS PHARMA INC | TRAW | 28,493 | $65,534 | 0.01% |
| 155 | HOOKIPA PHARMA INC | HOOK | 52,996 | $57,236 | 0.01% |
| 156 | SAGIMET BIOSCIENCES INC | SGMT | 11,984 | $39,067 | 0.00% |
| 157 | AUTONOMIX MED INC | AMIX | 20,000 | $35,001 | 0.00% |
| 158 | SYNLOGIC INC | SYBX | 20,422 | $25,323 | 0.00% |
| 159 | NEUMORA THERAPEUTICS INC. | NMRA | 15,457 | $15,457 | 0.00% |
| 160 | RELMADA THERAPEUTICS INC | RLMD | 40,270 | $10,873 | 0.00% |