TANG CAPITAL MANAGEMENT LLC

Q1 2026 13F-HR Detailed Holdings

Location
San Diego, CA
Holdings as of
3/31/2026
Date filed
5/15/2026
Form type
13F-HR
Num holdings
51
Total value ($000)
$1,968,963
Net value change ($000)
-55,398 (-2.7%)
New positions
4
Sold out positions
28
Turnover %
17.8%
Sector allocation + QoQ delta (equities-only)

Holdings broken out by other managers reported in the original SEC filing. View aggregated holdings

Prev filing: 2/17/2026 Next filing: — SEC filing
You are on the SEC detailed breakdown page. Rows are shown as reported in the filing (including other manager, discretion, and voting authority fields), and are not merged like the standard holdings view. Switch to aggregated holdings.

Snapshot: Change Analysis

Compared to Q4 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)
SPY 88,799 434.1%
CORT 55,010 1008.4%
CAPR 54,295 110.7%
SYRE 33,455 54.0%
INSM 32,073 307.2%
CMPS 22,132 NEW
KALV 18,202 24.6%
MIRM 16,550 17.0%
ANIP 16,402 43.2%
KNSA 15,594 16.7%
Top Reduces (Value $000, Stocks/ETFs)
RNAM -64,917 -100.0%
VRTX -36,269 -100.0%
TVTX -26,747 -100.0%
VTYX -25,410 -100.0%
NVDA -23,832 -100.0%
NUVB -21,051 -60.9%
VRDN -20,723 -37.1%
META -15,401 -100.0%
MRNA -15,351 -75.1%
GSK -14,712 -100.0%
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 Discretion Other Manager Sole Shared None

Other Managers

Num Name File Number
1 TANG KEVIN 028-14818