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Portfolio (Quarterly) Guide ↗

BRAIDWELL LP

· CIK 0001920938
13F Portfolio $3.1B AUM 73 positions Filed Feb 17, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 20 New 16 Added 32 Reduced 20 Exited
Page 2 of 4  ·  73 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 IRONWOOD PHARMACEUTICALS INC 53,405,000.0 $50.5M 1.61% -28.7M -35.0% $0.94
22 CLDX CELLDEX THERAPEUTICS INC NEW Healthcare 1,858,109.0 $50.5M 1.61% +1.3M +214.0% $27.16 +15.4%
23 INSP INSPIRE MED SYS INC Healthcare 540,890.0 $49.9M 1.59% -343K -38.8% $92.23 -53.7%
24 KRYS KRYSTAL BIOTECH INC Healthcare 202,101.0 $49.8M 1.59% -318K -61.2% $246.54 +28.3%
25 ISRG INTUITIVE SURGICAL INC Healthcare 83,417.0 $47.2M 1.51% -47K -35.9% $566.36 -24.4%
26 TMO THERMO FISHER SCIENTIFIC INC Healthcare 80,725.0 $46.8M 1.50% -33K -29.1% $579.45 -22.6%
27 BTSG BRIGHTSPRING HEALTH SVCS INC Healthcare 1,195,786.0 $44.8M 1.43% NEW $37.45 +54.6%
28 CVS CVS HEALTH CORP Healthcare 564,200.0 $44.8M 1.43% +126K +28.6% $79.36 +22.4%
29 APOGEE THERAPEUTICS INC 575,067.0 $43.4M 1.39% -864K -60.0% $75.48
30 NRIX NURIX THERAPEUTICS INC Healthcare 2,183,864.0 $41.4M 1.32% NEW $18.97 -15.7%
31 VERA VERA THERAPEUTICS INC Healthcare 784,742.0 $39.7M 1.27% +312K +66.0% $50.64 -21.9%
32 IRTC IRHYTHM TECHNOLOGIES INC Healthcare 217,345.0 $38.6M 1.23% -8K -3.8% $177.44 -35.7%
33 TMDX TRANSMEDICS GROUP INC Healthcare 315,341.0 $38.4M 1.23% -36K -10.2% $121.65 -49.0%
34 BMRN BIOMARIN PHARMACEUTICAL INC Healthcare 601,520.0 $35.7M 1.14% +74K +13.9% $59.43 -12.8%
35 ILMN ILLUMINA INC Healthcare 269,673.0 $35.4M 1.13% NEW $131.16 +9.2%
36 KYMR KYMERA THERAPEUTICS INC Healthcare 454,259.0 $35.3M 1.13% +178K +64.2% $77.81 +8.6%
37 FULC FULCRUM THERAPEUTICS INC Healthcare 3,061,222.0 $34.6M 1.11% +2.8M +1294.7% $11.31 -37.1%
38 PEN PENUMBRA INC Healthcare 110,152.0 $34.2M 1.09% -31K -22.2% $310.91 +3.9%
39 MBX MBX BIOSCIENCES INC Healthcare 1,018,600.0 $32.1M 1.03% NEW $31.54 +12.1%
40 RAPT THERAPEUTICS INC 929,694.0 $31.5M 1.01% NEW $33.87
Page 2 of 4  ·  73 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 100.0%