Paradigm Biocapital Advisors LP

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
30
Total value ($000)
$3,917,830
Net value change ($000)
+401,633 (11.4%)
New positions
8
Sold out positions
12
Turnover %
29.6%
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)
RVMD 238,599 82.1%
OLMA 122,089 183.6%
GMAB 99,764 85.2%
CDTX 75,739 82.3%
NUVL 74,351 16.3%
EWTX 62,240 62.2%
SRRK 60,045 80.2%
ABVX 58,353 43.9%
ORKA 51,840 NEW
PCVX 51,371 37.7%
Top Reduces (Value $000, Stocks/ETFs)
Merus N.V. -411,790 -100.0%
AGIO -107,316 -100.0%
JANX -71,371 -100.0%
ALKERMES PLC -51,580 -100.0%
LENZ -50,002 -100.0%
PHVS -45,796 -100.0%
COGT -45,326 -100.0%
TNGX -25,924 -100.0%
AMLX -25,821 -100.0%
DYN -24,022 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 182,895 (4.7% 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