Cormorant Asset Management, LP
Q3 2025 13F-HR Holdings
Net value change ($000)
+106,772
(8.0%)
New positions
3
Sold out positions
9
Turnover %
27.5%
Sector allocation + QoQ delta (equities-only)
Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown
Snapshot: Change Analysis
Compared to Q2 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)
| BBOT | 207,034 | NEW |
| ABVX | 149,260 | 916.0% |
| RAPP | 61,380 | 183.6% |
| EYPT | 40,210 | 51.3% |
| DRUG | 36,600 | 132.3% |
| NAMS | 22,468 | 57.0% |
| CNTA | 19,263 | 70.3% |
| KRRO | 16,461 | 283.4% |
| CRBP | 13,656 | 83.3% |
| MBX | 13,451 | 168.4% |
Top Reduces (Value $000, Stocks/ETFs)
| MLTX | -386,626 | -96.4% |
| Merus N.V. | -58,912 | -100.0% |
| VRNA | -33,103 | -100.0% |
| HELIX ACQUISITION CORP II | -30,894 | -100.0% |
| SPRY | -19,195 | -100.0% |
| PRAX | -15,331 | -22.4% |
| CRGX | -13,931 | -100.0% |
| JANX | -13,876 | -40.0% |
| AARD | -10,819 | -100.0% |
| STOK | -2,885 | -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.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|