Krensavage Asset Management, LLC
Q4 2025 13F-HR Holdings
Net value change ($000)
+48,414
(20.6%)
New positions
1
Sold out positions
0
Turnover %
1.2%
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)
| ENTA | 18,316 | 72.4% |
| BMRN | 9,229 | 42.0% |
| JAZZ | 6,411 | 29.0% |
| VNDA | 4,521 | 76.8% |
| INDV | 3,996 | 48.8% |
| AVDL | 3,848 | 26.4% |
| CAH | 3,580 | 30.9% |
| UTHR | 3,543 | 8.7% |
| RARE | 3,442 | NEW |
| BNTX | 1,648 | 21.1% |
Top Reduces (Value $000, Stocks/ETFs)
| GSK | -6,984 | -59.5% |
| ALKERMES PLC | -3,218 | -51.6% |
| SUPN | -1,790 | -10.3% |
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 |
|---|