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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 6 of 10  ·  194 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 TBPH THERAVANCE BIOPHARMA INC Healthcare 264,308.0 $3.9M 0.15% NEW $14.60 +12.8%
102 TGTX TG THERAPEUTICS INC Healthcare 100,000.0 $3.6M 0.14% NEW $36.12 +9.6%
103 PRECISION BIOSCIENCES INC 653,649.0 $3.6M 0.14% NEW $5.52
104 CGON CG ONCOLOGY INC Healthcare 87,500.0 $3.5M 0.14% NEW $40.28 +61.7%
105 SOLENO THERAPEUTICS INC 50,000.0 $3.4M 0.13% NEW $67.60
106 ARE ALEXANDRIA REAL ESTATE EQ IN Real Estate 40,000.0 $3.3M 0.13% NEW $83.34 -45.7%
107 ERAS ERASCA INC Healthcare 1,502,915.0 $3.3M 0.13% NEW $2.18 +371.1%
108 FENC FENNEC PHARMACEUTICALS INC Healthcare 334,593.0 $3.1M 0.12% NEW $9.36 +5.6%
109 SNDX SYNDAX PHARMACEUTICALS INC Healthcare 200,000.0 $3.1M 0.12% NEW $15.38 +31.2%
110 TSHA TAYSHA GENE THERAPIES INC Healthcare 900,000.0 $2.9M 0.11% NEW $3.27 +79.5%
111 SEER SEER INC Healthcare 1,344,423.0 $2.9M 0.11% NEW $2.17 -21.0%
112 TECX TECTONIC THERAPEUTIC INC Healthcare 179,166.0 $2.8M 0.11% NEW $15.69 +74.3%
113 KEZAR LIFE SCIENCES INC 720,000.0 $2.8M 0.11% NEW $3.90
114 RCKT ROCKET PHARMACEUTICALS INC Healthcare 850,000.0 $2.8M 0.11% NEW $3.26 +0.5%
115 LNTH LANTHEUS HLDGS INC Healthcare 50,000.0 $2.6M 0.10% NEW $51.29 +83.5%
116 NMRA NEUMORA THERAPEUTICS INC Healthcare 1,400,000.0 $2.5M 0.10% NEW $1.82 -0.4%
117 STRO SUTRO BIOPHARMA INC Healthcare 2,828,717.0 $2.5M 0.10% NEW $0.87 +4509.1%
118 VOR VOR BIOPHARMA INC Healthcare 50,000.0 $2.4M 0.09% NEW $48.72 -70.7%
119 KLRS KALARIS THERAPEUTICS, INC Healthcare 418,241.0 $2.4M 0.09% NEW $5.78 -18.7%
120 MTD METTLER-TOLEDO INTERNATIONAL Healthcare 1,969.0 $2.4M 0.09% NEW $1227.61 -14.8%
Page 6 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%