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Portfolio (Quarterly) Guide ↗

TANG CAPITAL MANAGEMENT LLC

· CIK 0001232621
13F Portfolio $2.6B AUM Filed Nov 14, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 194 New
Page 4 of 10  ·  194 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 PCVX VAXCYTE INC Healthcare 300,000.0 $10.8M 0.42% NEW $36.02 +48.6%
62 HELP CYBIN INC Healthcare 1,830,097.0 $10.8M 0.41% NEW $5.89 -14.1%
63 WGS GENEDX HOLDINGS CORP Healthcare 100,000.0 $10.8M 0.41% NEW $107.74 -63.9%
64 DNTH DIANTHUS THERAPEUTICS INC Healthcare 264,692.0 $10.4M 0.40% NEW $39.35 +116.9%
65 IDXX IDEXX LABS INC Healthcare 16,000.0 $10.2M 0.39% NEW $638.89 -16.6%
66 VENTYX BIOSCIENCES INC 3,100,000.0 $9.6M 0.37% NEW $3.11
67 BIOA BIOAGE LABS INC Healthcare 1,600,000.0 $9.4M 0.36% NEW $5.88 +200.3%
68 PLRX PLIANT THERAPEUTICS INC Healthcare 6,003,446.0 $8.9M 0.34% NEW $1.48 -22.3%
69 BHC BAUSCH HEALTH COS INC Healthcare 1,300,000.0 $8.4M 0.32% NEW $6.45 -16.0%
70 CHRS COHERUS ONCOLOGY INC Healthcare 5,097,362.0 $8.4M 0.32% NEW $1.64 -4.3%
71 CRESCENT BIOPHARMA INC. 679,824.0 $8.1M 0.31% NEW $11.89
72 ALT ALTIMMUNE INC Healthcare 2,131,307.0 $8.0M 0.31% NEW $3.77 -24.4%
73 APOGEE THERAPEUTICS INC 200,000.0 $7.9M 0.31% NEW $39.73
74 MRNA MODERNA INC Healthcare 305,300.0 $7.9M 0.30% NEW $25.83 +93.7%
75 BDTX BLACK DIAMOND THERAPEUTICS I Healthcare 2,070,209.0 $7.8M 0.30% NEW $3.79 -27.4%
76 HRMY HARMONY BIOSCIENCES HLDGS IN Healthcare 281,200.0 $7.7M 0.30% NEW $27.56 +11.6%
77 LLY ELI LILLY & CO Healthcare 10,000.0 $7.6M 0.29% NEW $763.00 +31.9%
78 MLYS MINERALYS THERAPEUTICS INC Healthcare 200,000.0 $7.6M 0.29% NEW $37.92 -28.1%
79 MIND MEDICINE MINDMED INC 600,200.0 $7.1M 0.27% NEW $11.79
80 EWTX EDGEWISE THERAPEUTICS INC Healthcare 431,300.0 $7.0M 0.27% NEW $16.22 +109.7%
Page 4 of 10  ·  194 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Healthcare 94.4%
Consumer Cyclical 2.3%
Technology 1.3%
Communication Services 1.0%
Financial Services 0.3%
Real Estate 0.2%
Consumer Defensive 0.2%
Industrials 0.1%
Energy 0.1%
Utilities 0.0%