Caligan Partners LP
Q4 2025 13F-HR Holdings
Net value change ($000)
+451,284
(59.1%)
New positions
8
Sold out positions
4
Turnover %
24.8%
Sector allocation + QoQ delta (equities-only)
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)
| LQDA | 95,397 | 51.7% |
| PCVX | 78,660 | NEW |
| ABVX | 72,531 | 58.8% |
| RVMD | 52,563 | 105.8% |
| TNGX | 33,047 | NEW |
| MAZE | 22,794 | NEW |
| RAPT | 21,826 | NEW |
| INBX | 17,601 | 221.1% |
| ADMA | 16,295 | 42.2% |
| TYRA | 15,076 | 154.6% |
Top Reduces (Value $000, Stocks/ETFs)
| AGIO | -45,407 | -100.0% |
| EOLS | -25,413 | -100.0% |
| Merus N.V. | -20,426 | -100.0% |
| MLYS | -4,519 | -4.3% |
| AURA | -1,404 | -100.0% |
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000):
122,347
(10.1% of total reported value)
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.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|