Stonepine Capital Management, LLC

Q3 2026 13F-HR Holdings

Location
Bend, OR
Holdings as of
9/30/2026
Date filed
11/13/2026
Form type
13F-HR
Num holdings
78
Total value ($000)
$159,374
Net value change ($000)
-17,887 (-10.1%)
New positions
20
Sold out positions
24
Turnover %
31.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/17/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
VSTM 11,698 91.4%
CAMP 11,256 NEW
BSX 2,401 NEW
RARE 2,321 278.0%
PYXS 1,605 NEW
SRZN 1,419 NEW
CLRB 1,087 373.5%
ADMA 827 13.4%
GOSSAMER BIO INC 747 NEW
XENE 744 NEW
Top Reduces (Value $000, Stocks/ETFs)
TENX -8,492 -88.4%
CRBP -3,339 -83.7%
EOLS -3,263 -29.6%
ZVRA -2,613 -70.4%
TELA -1,997 -100.0%
ABEO -1,963 -57.0%
CABA -1,854 -65.0%
NKTR -1,763 -20.9%
CRIS -1,729 -100.0%
SPRB -1,555 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 39,600 (24.8% 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