Ikarian Capital, LLC

Q1 2026 13F-HR Holdings

Location
Dallas, TX
Holdings as of
3/31/2026
Date filed
5/15/2026
Form type
13F-HR
Num holdings
161
Total value ($000)
$1,231,686
Net value change ($000)
-49,198 (-3.8%)
New positions
17
Sold out positions
25
Turnover %
43.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/18/2026 Next filing: — SEC filing

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)
KOD 28,127 139.8%
ALMS 26,734 NEW
CLDX 14,631 NEW
TERN 12,286 19.0%
BBIO 11,891 NEW
ORKA 11,871 NEW
ANIP 11,311 NEW
HROW 10,164 113.1%
RARE 9,819 3374.2%
SLNO 8,334 261.5%
Top Reduces (Value $000, Stocks/ETFs)
CDTX -60,357 -100.0%
JAZZ -24,906 -91.4%
ABVX -22,897 -78.6%
RAPT -22,533 -100.0%
MAZE -15,396 -57.6%
AMGN -14,729 -100.0%
CTMX -13,515 -100.0%
CELC -10,527 -100.0%
OLMA -10,046 -53.0%
PTCT -9,013 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 532,673 (43.2% 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.
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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