Lion Point Capital, LP

Q3 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
27
Total value ($000)
$17,602
Net value change ($000)
+2,873 (19.5%)
New positions
9
Sold out positions
1
Turnover %
18.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
RPRX 755 NEW
MLTX 484 NEW
MLYS 410 38.4%
KURA 407 NEW
MCRB 333 176.2%
CMPS 332 NEW
SNDX 331 64.3%
PRAX 302 NEW
DAWN 296 NEW
RCKT 280 NEW
Top Reduces (Value $000, Stocks/ETFs)
FENC -473 -29.1%
BBIO -432 -38.5%
ARDX -418 -31.8%
KNSA -361 -28.4%
Mersana Therapeutics, Inc. -191 -100.0%
INSM -172 -16.0%
HUMA -30 -17.1%
GERN -20 -2.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type