Ikarian Capital, LLC

Q2 2026 13F-HR Holdings

Location
Dallas, TX
Holdings as of
6/30/2026
Date filed
8/14/2026
Form type
13F-HR
Num holdings
156
Total value ($000)
$928,174
Net value change ($000)
-303,512 (-24.6%)
New positions
27
Sold out positions
28
Turnover %
49.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/15/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q1 2026
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)
ABVX 37,120 595.5%
RCUS 15,556 NEW
COGT 14,322 NEW
CCCC 11,362 NEW
ANIP 11,212 99.1%
VRDN 7,807 NEW
BHVN 7,643 219.0%
HIMS 6,531 NEW
ELVN 6,422 NEW
KZIA 5,579 NEW
Top Reduces (Value $000, Stocks/ETFs)
TERN -76,780 -100.0%
CYTK -18,690 -100.0%
RVMD -15,866 -100.0%
HROW -13,382 -69.9%
ORKA -11,871 -100.0%
SLNO -11,521 -100.0%
IONS -9,539 -100.0%
PVLA -8,056 -100.0%
BBIO -7,615 -64.0%
KOD -6,965 -14.4%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 317,302 (34.2% 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