Lion Point Capital, LP

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
39
Total value ($000)
$19,324
Net value change ($000)
+1,722 (9.8%)
New positions
15
Sold out positions
3
Turnover %
39.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
PRAX 1,010 334.4%
CUE 673 NEW
SRPT 613 NEW
MLTX 406 83.9%
VTYX 375 NEW
LNTH 366 NEW
QURE 352 NEW
DYN 352 NEW
PCRX 349 NEW
VTRS 345 NEW
Top Reduces (Value $000, Stocks/ETFs)
MLYS -1,098 -74.2%
AVDL -912 -100.0%
KNSA -909 -100.0%
INSM -900 -100.0%
ARQT -513 -77.1%
BBIO -309 -44.7%
FENC -285 -24.8%
MRSN -197 -98.5%
RGNX -174 -31.2%
ARDX -147 -16.4%
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