13F HOLDINGS REPORT
Soleus Capital Management, L.P.
Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001802630-26-000002
Total Value
$2.71B
Positions
95
Other Managers
0
Confidential Omitted
No
Holdings (95)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR SERIES TRUST | 78464A870 | 2,900,000 | $353.6M | 13.04% |
| 2 | KRYSTAL BIOTECH INC | KRYS | 941,059 | $232.0M | 8.56% |
| 3 | CELCUITY INC | CELC | 1,808,258 | $180.4M | 6.65% |
| 4 | NOVOCURE LTD | NVCR | 8,530,665 | $110.3M | 4.07% |
| 5 | PRAXIS PRECISION MEDICINES I | PRAX | 362,966 | $107.0M | 3.95% |
| 6 | TG THERAPEUTICS INC | TGTX | 3,139,312 | $93.6M | 3.45% |
| 7 | DEXCOM INC | DXCM | 1,297,094 | $86.1M | 3.18% |
| 8 | BIOMARIN PHARMACEUTICAL INC | BMRN | 1,320,000 | $78.4M | 2.89% |
| 9 | GLOBUS MED INC | GMED | 887,000 | $77.4M | 2.86% |
| 10 | BETA BIONICS INC | BBNX | 2,534,565 | $77.2M | 2.85% |
| 11 | AMICUS THERAPEUTICS INC | FOLD | 5,207,284 | $74.2M | 2.74% |
| 12 | TWIST BIOSCIENCE CORP | TWST | 1,861,802 | $59.1M | 2.18% |
| 13 | ORGANOGENESIS HLDGS INC | ORGO | 9,985,951 | $51.7M | 1.91% |
| 14 | SYNDAX PHARMACEUTICALS INC | SNDX | 2,247,110 | $47.2M | 1.74% |
| 15 | MIRUM PHARMACEUTICALS INC | MIRM | 573,614 | $45.3M | 1.67% |
| 16 | INSULET CORP | PODD | 150,000 | $42.6M | 1.57% |
| 17 | NEUROPACE INC | NPCE | 2,703,208 | $41.7M | 1.54% |
| 18 | AXOGEN INC | AXGN | 1,206,855 | $39.5M | 1.46% |
| 19 | ANI PHARMACEUTICALS INC | ANIP | 486,243 | $38.4M | 1.42% |
| 20 | ALKERMES PLC | ALKS | 1,322,364 | $37.0M | 1.36% |
| 21 | LIVANOVA PLC | LIVN | 567,500 | $34.9M | 1.29% |
| 22 | GSK PLC | GLAXF | 639,000 | $31.3M | 1.16% |
| 23 | GERON CORP | GERN | 23,290,000 | $30.7M | 1.13% |
| 24 | UNITED THERAPEUTICS CORP DEL | UTHR | 60,000 | $29.2M | 1.08% |
| 25 | IMMUNOVANT INC | IMVT | 1,110,000 | $28.2M | 1.04% |
| 26 | VAXCYTE INC | PCVX | 608,958 | $28.1M | 1.04% |
| 27 | ALNYLAM PHARMACEUTICALS INC | ALNY | 70,000 | $27.8M | 1.03% |
| 28 | INSPIRE MED SYS INC | 457730109 | 299,399 | $27.6M | 1.02% |
| 29 | VERICEL CORP | VCEL | 764,000 | $27.5M | 1.01% |
| 30 | ARGENX SE | ARGX | 31,726 | $26.7M | 0.98% |
| 31 | RAPT THERAPEUTICS INC | 75382E208 | 764,000 | $25.9M | 0.95% |
| 32 | NEUROCRINE BIOSCIENCES INC | NBIX | 175,982 | $25.0M | 0.92% |
| 33 | KINIKSA PHARMACEUTICALS INTL | G52694109 | 587,000 | $24.2M | 0.89% |
| 34 | EDAP TMS S A | EDAP | 7,309,254 | $24.0M | 0.89% |
| 35 | TELEFLEX INCORPORATED | TFX | 190,000 | $23.2M | 0.86% |
| 36 | NURIX THERAPEUTICS INC | NRIX | 1,219,394 | $23.1M | 0.85% |
| 37 | EDGEWISE THERAPEUTICS INC | EWTX | 910,000 | $22.6M | 0.83% |
| 38 | INHIBIKASE THERAPEUTICS INC | IKT | 10,875,000 | $22.3M | 0.82% |
| 39 | PHARVARIS N V | PHVS | 702,052 | $19.5M | 0.72% |
| 40 | INVIVYD INC | IVVD | 7,708,727 | $19.0M | 0.70% |
| 41 | CAPRICOR THERAPEUTICS INC | CAPR | 646,390 | $18.7M | 0.69% |
| 42 | TENET HEALTHCARE CORP | THC | 92,500 | $18.4M | 0.68% |
| 43 | ARCUS BIOSCIENCES INC | RCUS | 711,983 | $17.0M | 0.63% |
| 44 | ENLIVEN THERAPEUTICS INC | ELVN | 1,025,000 | $15.8M | 0.58% |
| 45 | MBX BIOSCIENCES INC | MBX | 408,900 | $12.9M | 0.48% |
| 46 | RIGEL PHARMACEUTICALS INC | RIGL | 300,034 | $12.9M | 0.47% |
| 47 | JADE BIOSCIENCES INC | JBIO | 796,744 | $12.3M | 0.45% |
| 48 | TREVI THERAPEUTICS INC | TRVI | 900,000 | $11.3M | 0.42% |
| 49 | SIONNA THERAPEUTICS INC | SION | 268,500 | $11.0M | 0.41% |
| 50 | SEPTERNA INC | SEPN | 383,368 | $10.7M | 0.39% |
| 51 | ORTHOPEDIATRICS CORP | KIDS | 525,447 | $9.3M | 0.34% |
| 52 | TERNS PHARMACEUTICALS INC | TERN | 212,710 | $8.6M | 0.32% |
| 53 | CIDARA THERAPEUTICS INC | 171757206 | 38,811 | $8.6M | 0.32% |
| 54 | INSMED INC | INSM | 48,500 | $8.4M | 0.31% |
| 55 | CERUS CORP | CERS | 4,000,000 | $8.2M | 0.30% |
| 56 | ERASCA INC | ERAS | 2,162,162 | $8.0M | 0.30% |
| 57 | AVALO THERAPEUTICS INC | AVTX | 441,978 | $8.0M | 0.30% |
| 58 | C4 THERAPEUTICS INC | CCCC | 3,803,942 | $7.3M | 0.27% |
| 59 | EVOLUS INC | EOLS | 1,070,000 | $7.1M | 0.26% |
| 60 | CG ONCOLOGY INC | CGON | 170,000 | $7.1M | 0.26% |
| 61 | ANAPTYSBIO INC | ANABV | 135,000 | $6.5M | 0.24% |
| 62 | BELITE BIO INC | BLTE | 40,354 | $6.5M | 0.24% |
| 63 | STRUCTURE THERAPEUTICS INC | GPCR | 90,000 | $6.3M | 0.23% |
| 64 | ABIVAX SA | AAVXF | 45,000 | $6.1M | 0.22% |
| 65 | ORUKA THERAPEUTICS INC | ORKA | 190,000 | $5.8M | 0.21% |
| 66 | MOONLAKE IMMUNOTHERAPEUTICS | MLTX | 400,000 | $5.3M | 0.19% |
| 67 | NEOGENOMICS INC | NEO | 427,504 | $5.0M | 0.19% |
| 68 | NATERA INC | NTRA | 20,000 | $4.6M | 0.17% |
| 69 | CALCIMEDICA INC | CALC | 683,904 | $4.5M | 0.17% |
| 70 | PULMONX CORP | LUNG | 2,038,323 | $4.5M | 0.17% |
| 71 | COGENT BIOSCIENCES INC | COGT | 120,000 | $4.3M | 0.16% |
| 72 | INDIVIOR PLC | INDV | 100,000 | $3.6M | 0.13% |
| 73 | UROGEN PHARMA LTD | URGN | 150,000 | $3.5M | 0.13% |
| 74 | TYRA BIOSCIENCES INC | TYRA | 125,000 | $3.3M | 0.12% |
| 75 | KARYOPHARM THERAPEUTICS INC | KPTI | 440,000 | $3.2M | 0.12% |
| 76 | ZYMEWORKS INC | ZYME | 100,000 | $2.6M | 0.10% |
| 77 | VIKING THERAPEUTICS INC | VKTX | 70,000 | $2.5M | 0.09% |
| 78 | QUIDELORTHO CORP | QDEL | 75,000 | $2.1M | 0.08% |
| 79 | INSPIREMD INC | NSPR | 1,150,000 | $2.0M | 0.08% |
| 80 | INHIBRX BIOSCIENCES INC | INBX | 25,000 | $2.0M | 0.07% |
| 81 | ARCELLX INC | ACLX | 30,000 | $2.0M | 0.07% |
| 82 | OLEMA PHARMACEUTICALS INC | OLMA | 69,874 | $1.7M | 0.06% |
| 83 | BICARA THERAPEUTICS INC | BCAX | 100,000 | $1.7M | 0.06% |
| 84 | KODIAK SCIENCES INC | KOD | 60,000 | $1.7M | 0.06% |
| 85 | GRAIL INC | GRAL | 11,000 | $941,490 | 0.03% |
| 86 | FRACTYL HEALTH INC | GUTS | 400,000 | $880,000 | 0.03% |
| 87 | STAAR SURGICAL CO | STAA | 25,000 | $577,250 | 0.02% |
| 88 | VERACYTE INC | VCYT | 10,000 | $421,000 | 0.02% |
| 89 | JASPER THERAPEUTICS INC | JSPRW | 200,000 | $366,000 | 0.01% |
| 90 | QUOIN PHARMACEUTICALS LTD | QNRX | 25,000 | $360,750 | 0.01% |
| 91 | MADRIGAL PHARMACEUTICALS INC | MDGL | 500 | $291,170 | 0.01% |
| 92 | LB PHARMACEUTICALS INC | LBRX | 10,000 | $222,600 | 0.01% |
| 93 | DYNE THERAPEUTICS INC | DYN | 10,000 | $195,600 | 0.01% |
| 94 | DELCATH SYS INC | DCTH | 10,000 | $101,000 | 0.00% |
| 95 | TANGO THERAPEUTICS INC | TNGX | 10,000 | $88,600 | 0.00% |