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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

ADAR1 Capital Management, LLC

Quarter ended Q4 2024 · Filed February 13, 2025 · Accession 0001940272-25-000001

Total Value
$500.4M
Positions
214
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (214)

#IssuerTicker / CUSIPSharesValue% of Filing
1ROIVANT SCIENCES LTDROIV3,508,694$41.5M8.30%
2PROTAGONIST THERAPEUTICS INCPTGX1,020,333$39.4M7.87%
3EA SERIES TRUST02072L565325,450$35.9M7.17%
4ZAI LAB LTDZLAB1,045,837$27.4M5.47%
5IMMUNOVANT INCIMVT787,478$19.5M3.90%
6CYTOKINETICS INCCYTK414,209$19.5M3.89%
7BRIDGEBIO PHARMA INCBBIO678,857$18.6M3.72%
8INHIBIKASE THERAPEUTICS INCIKT5,103,005$16.6M3.31%
9SPDR SER TR78468R663131,786$12.0M2.41%
10ABIVAX SAAAVXF1,513,393$11.1M2.21%
11MINERALYS THERAPEUTICS INCMLYS841,541$10.4M2.07%
12ASCENDIS PHARMA A/SASND71,402$9.8M1.96%
13PERCEPTIVE CAP SOLUTIONS CORG70077105750,000$7.6M1.53%
14REVOLUTION MEDICINES INCRVMDW170,000$7.4M1.49%
15REZOLUTE INCRZLT1,359,208$6.7M1.33%
16ENDEAVOR GROUP HLDGS INC29260Y109210,729$6.6M1.32%
17CG ONCOLOGY INCCGON215,750$6.2M1.24%
18ANTERIS TECHNOLOGIES GLOBALAVR1,052,968$5.9M1.17%
19AA MISSION ACQUISITION CORPYCY-WT560,199$5.7M1.13%
20COHERUS BIOSCIENCES INC19249HAB95,625,000$5.5M1.09%
21XENCOR INCXNCR234,607$5.4M1.08%
22ZURA BIO LTDZURA2,077,251$5.2M1.04%
23PROTAGONIST THERAPEUTICS INCPTGX132,000$5.1M1.02%
24ARBUTUS BIOPHARMA CORPABUS1,554,802$5.1M1.02%
25OAKTREE ACQUISITION CORP IIIOACCW500,000$5.1M1.01%
26SAREPTA THERAPEUTICS INCSRPT40,002$4.9M0.97%
27SANOFISNYNF99,600$4.8M0.96%
28SPDR SER TR78464A87050,000$4.5M0.90%
29GOSSAMER BIO INCGOSS8,000,000$4.4M0.87%
30HELIX ACQUISITION CORP IIHLXC404,138$4.2M0.85%
3189BIO INC282559103515,138$4.0M0.81%
32BRIDGEBIO PHARMA INCBBIO4,500,000$3.9M0.77%
33MERUS N VN5749R10081,460$3.4M0.68%
34KINIKSA PHARMACEUTICALS INTLG52694109166,406$3.3M0.66%
35ALDEYRA THERAPEUTICS INCALDX647,960$3.2M0.65%
36TEVA PHARMACEUTICAL INDS LTD881624209146,671$3.2M0.65%
37SAVARA INCSVRA988,468$3.0M0.61%
38GRACE THERAPEUTICS INCGRCE773,635$2.9M0.58%
39MONOPAR THERAPEUTICS INCMNPR130,037$2.9M0.57%
40CRINETICS PHARMACEUTICALS INCRNX53,125$2.7M0.54%
41TECTONIC THERAPEUTIC INCTECX58,708$2.7M0.54%
42ROCKET PHARMACEUTICALS INCRCKTW211,400$2.7M0.53%
43CENTESSA PHARMACEUTICALS PLCCNTA154,027$2.6M0.52%
44AEROVATE THERAPEUTICS INC008064107928,016$2.5M0.49%
45KORRO BIO INCKRRO57,978$2.2M0.44%
46PTC THERAPEUTICS INCPTCT48,023$2.2M0.43%
47A SPAC III ACQUISITION CORPG0544A137215,000$2.2M0.43%
48BRIDGEBIO PHARMA INCBBIO2,000,000$2.1M0.42%
49XENON PHARMACEUTICALS INCXENE50,547$2.0M0.40%
50APOGEE THERAPEUTICS INCAPGE41,274$1.9M0.37%
51RAPT THERAPEUTICS INC75382E1091,174,313$1.9M0.37%
52DELCATH SYS INCDCTH149,385$1.8M0.36%
53PLIANT THERAPEUTICS INCPLRX134,798$1.8M0.35%
54PALVELLA THERAPEUTICS INC NEPVLA144,641$1.7M0.35%
55RHYTHM PHARMACEUTICALS INCRYTM30,941$1.7M0.35%
56JANUX THERAPEUTICS INCJANX31,509$1.7M0.34%
57AXSOME THERAPEUTICS INCAXSM19,661$1.7M0.33%
58SOLENO THERAPEUTICS INCSLNO36,830$1.7M0.33%
59KALA BIO INCKALA220,373$1.5M0.31%
60ARES ACQUISITION CORP IIG33033104138,966$1.5M0.30%
61INSMED INCINSM21,974$1.5M0.30%
62AVID BIOSERVICES INC05368M106120,000$1.5M0.30%
63JOHNSON & JOHNSONJNJ10,000$1.4M0.29%
64ACELYRIN INC00445A100444,967$1.4M0.28%
65VERONA PHARMA PLC92505010629,100$1.4M0.27%
66REGENXBIO INCRGNX170,129$1.3M0.26%
67CAPRICOR THERAPEUTICS INCCAPR95,000$1.3M0.26%
68POSEIDA THERAPEUTICS INC73730P108134,109$1.3M0.26%
69ROYALTY PHARMA PLCRPRX49,963$1.3M0.25%
70CONTINEUM THERAPEUTICS INCCTNM82,234$1.2M0.24%
71ALPHA COGNITION INCACOG204,348$1.2M0.24%
72GERON CORPGERN337,676$1.2M0.24%
73LEXEO THERAPEUTICS INCLXEO169,505$1.1M0.22%
74ELI LILLY & COLLY1,350$1.0M0.21%
75IBIO INCIBIO415,606$1.0M0.20%
76ITEOS THERAPEUTICS INC46565G104131,599$1.0M0.20%
77KEZAR LIFE SCIENCES INCKZR147,404$990,5550.20%
78OMNIAB INCOABIW278,108$984,5020.20%
79REGENERON PHARMACEUTICALSREGN1,361$969,4810.19%
80STRUCTURE THERAPEUTICS INCGPCR35,319$957,8510.19%
81BEAM THERAPEUTICS INCBEAM38,312$950,1380.19%
82MOONLAKE IMMUNOTHERAPEUTICSMLTX17,424$943,5100.19%
83PFIZER INCPFE35,050$929,8760.19%
84FULCRUM THERAPEUTICS INCFULC196,248$922,3660.18%
85DANAHER CORPORATION2358511024,000$918,2000.18%
86DENALI THERAPEUTICS INCDNLI44,826$913,5540.18%
87SCHOLAR ROCK HLDG CORPSRRK19,505$843,0060.17%
88AGRICULTURE & NAT SOL ACQ COG0131Y10080,362$842,9970.17%
89SPERO THERAPEUTICS INCSPRO801,277$825,3150.16%
90KEEN VISION ACQUISITION CORPKVACW75,000$824,2500.16%
91ASTRIA THERAPEUTICS INC04635X10290,984$813,3970.16%
92CAPRICOR THERAPEUTICS INCCAPR56,120$774,4560.15%
93NEUMORA THERAPEUTICS INC.NMRA68,608$727,2450.15%
94VOYAGER THERAPEUTICS INCVYGR126,792$718,9110.14%
95BIOAGE LABS INCBIOA123,037$712,3840.14%
96CYTOKINETICS INCCYTK15,100$710,3040.14%
97ALECTOR INCALEC368,330$696,1440.14%
98ALNYLAM PHARMACEUTICALS INCALNY2,900$682,3990.14%
99INDIVIOR PLCINDV54,057$671,9290.13%
100DAY ONE BIOPHARMACEUTICALS IDAWN53,023$671,8010.13%
101CIDARA THERAPEUTICS INC17175720624,938$670,3330.13%
102KIORA PHARMACEUTICALS INCKPHMW200,221$660,7290.13%
103PROTARA THERAPEUTICS INCTARA122,690$647,8030.13%
104AKERO THERAPEUTICS INC00973Y10822,500$625,9500.13%
105INSTIL BIO INCTIL31,708$605,3060.12%
106ORGANON & COOGN40,200$599,7840.12%
107SOLID BIOSCIENCES INCSLDB148,903$595,6120.12%
108BEIGENE LTDBEIGF2,974$549,3280.11%
109WISDOMTREE TRWT10,000$503,2000.10%
110VIRIDIAN THERAPEUTICS INCVRDN26,000$498,4200.10%
111SCHRODINGER INCSDGR25,147$485,0860.10%
112APELLIS PHARMACEUTICALS INCAPLS15,000$478,6500.10%
113VIR BIOTECHNOLOGY INCVIR64,067$470,2520.09%
114BIOGEN INCBIIB3,045$465,6410.09%
115APPLIED THERAPEUTICS INC03828A101530,324$453,9570.09%
116PHATHOM PHARMACEUTICALS INCPHAT55,400$449,8480.09%
117NABORS ENERGY TRANSITION CORG6363K10639,900$430,9200.09%
118AKERO THERAPEUTICS INC00973Y10815,307$425,8410.09%
119CHIMERIX INC16934W106122,236$425,3810.09%
120ABSCI CORPORATIONABSI157,665$413,0820.08%
121KYMERA THERAPEUTICS INCKYMR10,000$402,3000.08%
122DIANTHUS THERAPEUTICS INCDNTH17,683$385,4890.08%
123VIKING THERAPEUTICS INCVKTX9,300$374,2320.07%
124MODERNA INCMRNA9,000$374,2200.07%
125CONTEXT THERAPEUTICS INCCNTX351,094$368,6490.07%
126ATEA PHARMACEUTICALS INCAVIR110,000$368,5000.07%
127KEROS THERAPEUTICS INCKROS23,246$367,9840.07%
128ANAPTYSBIO INCANABV27,301$361,4650.07%
129VISTAGEN THERAPEUTICS INCVTGN121,461$358,3100.07%
130ULTRAGENYX PHARMACEUTICAL INRARE8,000$336,5600.07%
131BIOMARIN PHARMACEUTICAL INCBMRN5,000$328,6500.07%
132JVSPAC ACQUISITION CORPG5212E10530,000$312,6000.06%
133TAYSHA GENE THERAPIES INCTSHA177,707$307,4330.06%
134LEAP THERAPEUTICS INCCYPH106,000$304,7500.06%
135ARCELLX INCACLX3,962$303,8460.06%
136KALVISTA PHARMACEUTICALS INCKALV35,843$303,5900.06%
137ALKERMES PLCALKS10,188$293,0070.06%
138EXACT SCIENCES CORP30063P1055,000$280,9500.06%
139TARSUS PHARMACEUTICALS INCTARS5,000$276,8500.06%
140VENTYX BIOSCIENCES INC92332V107124,530$272,7210.05%
141ALVOTECHALVOW20,600$272,5380.05%
142WAVE LIFE SCIENCES LTDWVE21,700$268,4290.05%
143GOSSAMER BIO INCGOSS295,613$267,4120.05%
144QUINCE THERAPEUTICS INCQNCX142,958$267,3310.05%
145DISC MEDICINE INCIRON4,196$266,0260.05%
146BIOCRYST PHARMACEUTICALS INCBCRX35,000$263,2000.05%
147IRON HORSE ACQUISITIONS CORPUCFIW25,000$257,2500.05%
148RENOVORX INCRNXT197,250$254,4520.05%
149POLYPID LTDPYPD80,080$243,4430.05%
150MERCK & CO INCMRK2,440$242,7310.05%
151ARROWHEAD PHARMACEUTICALS INARWR12,900$242,5200.05%
152KODIAK SCIENCES INCKOD23,700$235,8150.05%
153THERAPEUTICSMD INCTXMD270,160$232,3380.05%
154TENAX THERAPEUTICS INCTENX34,693$214,7500.04%
155INOZYME PHARMA INC45790W10876,299$211,3480.04%
156NURIX THERAPEUTICS INCNRIX11,000$207,2400.04%
157PULMONX CORPLUNG28,221$191,6210.04%
158GINKGO BIOWORKS HOLDINGS INCDNABW18,680$183,4380.04%
159ALGONQUIN PWR UTILS CORP01585710540,000$178,0000.04%
160UNIQURE NVQURE10,000$176,6000.04%
161CELLECTAR BIOSCIENCES INCCLRB585,261$174,9930.03%
162ANAVEX LIFE SCIENCES CORPAVXL16,221$174,2140.03%
163MIND MEDICINE MINDMED INC60255C88525,000$174,0000.03%
164SPRUCE BIOSCIENCES INCSPRB403,716$169,5610.03%
165ACUMEN PHARMACEUTICALS INCABOS94,294$162,1860.03%
166ARDELYX INCARDX31,035$157,3470.03%
167BLACK HAWK ACQUISITION CORPBKHAU15,000$155,7000.03%
168PMV PHARMACEUTICALS INCPMVP101,008$152,5220.03%
169CYTOMX THERAPEUTICS INCCTMX145,036$149,3870.03%
170REGENXBIO INCRGNX17,800$137,5940.03%
171ATAI LIFE SCIENCES NVN0731H103100,000$133,0000.03%
172CASI PHARMACEUTICALS INCCASIF46,320$131,0860.03%
173BOLT BIOTHERAPEUTICS INCBOLT244,966$131,0810.03%
174SILENCE THERAPEUTICS PLCSLNCF18,000$123,8400.02%
175OVID THERAPEUTICS INCOVID130,532$121,8780.02%
176IOVANCE BIOTHERAPEUTICS INCIOVA15,700$116,1800.02%
177AMPLIFY ENERGY CORP NEWAMPY18,475$110,8500.02%
178LYRA THERAPEUTICS INCLYRA533,200$110,0520.02%
179SAGE THERAPEUTICS INC78667J10819,200$104,2560.02%
180MOVANO INC62459M20619,146$103,3880.02%
181RECURSION PHARMACEUTICALS INRXRX15,000$101,4000.02%
182NEXTCURE INCNXTC120,012$92,5290.02%
183CLIMB BIO INCCLYM48,125$86,6250.02%
184GLYCOMIMETICS INC38000Q102331,827$82,6250.02%
185PHATHOM PHARMACEUTICALS INCPHAT10,100$82,0120.02%
186ADAGIO MED HLDGS INC00534B10076,757$80,5950.02%
187CORVUS PHARMACEUTICALS INCCRVS15,000$80,2500.02%
188ALLAKOS INC01671P10062,264$75,3390.02%
189CLOVER HEALTH INVESTMENTS COCLOV23,300$73,3950.01%
190ELEDON PHARMACEUTICALS INCELDN16,000$65,9200.01%
191NEKTAR THERAPEUTICSNKTR67,754$63,0110.01%
192PROQR THRAPEUTICS N VN7154210920,394$54,0440.01%
193CORVUS PHARMACEUTICALS INCCRVS10,000$53,5000.01%
194ACHIEVE LIFE SCIENCES INCACHV13,173$46,3690.01%
195ABCELLERA BIOLOGICS INCABCL14,981$43,8940.01%
196AMYLYX PHARMACEUTICALS INCAMLX10,000$37,8000.01%
197AA MISSION ACQUISITION CORPYCY-WT505,099$35,3570.01%
198MEREO BIOPHARMA GROUP PLCMREO10,000$35,0000.01%
199VERU INCVERU50,722$32,9950.01%
200VIGIL NEUROSCIENCE INC92673K10815,543$26,4230.01%
201GOSSAMER BIO INCGOSS19,898$18,0000.00%
202PYXIS ONCOLOGY INCPYXS10,000$15,6000.00%
203KARYOPHARM THERAPEUTICS INCKPTI20,000$13,5260.00%
204GLOBAL STAR ACQUISITION INC37962G12888,560$13,2750.00%
205RALLYBIO CORPRLYB13,400$12,8640.00%
206JVSPAC ACQUISITION CORPG5212E11330,000$8,8680.00%
207IRON HORSE ACQUISITIONS CORP46283712125,000$6,9500.00%
208GLOBAL STAR ACQUISITION INC37962G110120,000$3,6120.00%
209EMBRACE CHANGE ACQUISITN CORG3034H14113,144$1,0340.00%
210IRON HORSE ACQUISITIONS CORPUCFIW25,000$8750.00%
211CONDUIT PHARMACEUTICALS INC20678X10611,200$7680.00%
212FUTURETECH II ACQUISITION COFUTU30,000$4620.00%
213EMBRACE CHANGE ACQUISITN COREMCWF18,000$2410.00%
214AIMFINITY INVESTMENT CORP IAIMWF18,000$1260.00%