Fund Universe

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☆TANG CAPITAL MANAGEMENT LLC

CIK 0001232621 · holdings for 2026Q2 (change vs 2026Q1) · in signal universe
Quality Q
0.706
AUM ($M)
2,202
Positions
41
Turnover
0.16
Top-10 wt
63%
Herfindahl
0.051
History (qtrs)
6
Excess Return
+40.3%

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Quarter
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Security type

Holdings · 56 positions · portfolio value $2,202M

TickerNameActivitySecurity Type WeightΔ Weight Value ($M)SharesΔ Shares Qtrs HeldExcess Return
☆AUPH funds › AURINIA PHARMACEUTICALS INC ADD — 10.1% +0.8% 221.4 13,044,106 +814,606 5 —
☆SYRE funds › SPYRE THERAPEUTICS INC HOLD — 7.6% +2.8% 168.0 1,892,200 +0 5 —
☆MIRM funds › MIRUM PHARMACEUTICALS INC HOLD — 6.6% +0.8% 144.7 1,236,027 +0 5 —
☆KNSA funds › KINIKSA PHARMACEUTICALS INTL HOLD — 6.6% +1.0% 144.5 2,259,889 +0 5 —
☆CELC funds › CELCUITY INC ADD — 6.2% +0.2% 137.5 1,314,594 +264,594 4 +55.9%
☆CORT funds › CORCEPT THERAPEUTICS INC HOLD — 5.9% +2.9% 130.4 1,500,000 +0 3 +52.3%
☆PTCT funds › PTC THERAPEUTICS INC HOLD — 5.6% +0.4% 122.4 1,500,000 +0 5 —
☆LKFT funds › LAKEFRONT BIOTHERAPEUTICS NV HOLD — 5.2% -0.6% 113.5 3,785,991 +0 5 —
☆CAPR funds › CAPRICOR THERAPEUTICS INC ADD — 4.5% -0.8% 98.7 4,099,900 +700,000 3 -1.0%
☆TARS funds › TARSUS PHARMACEUTICALS INC ADD — 4.5% +0.2% 98.7 1,568,266 +379,642 5 —
☆SPY funds › STATE STR SPDR S&P 500 ETF T TRIM — 4.2% -1.4% 91.9 123,000 -45,000 3 +0.0%
☆ANAB funds › ANAPTYSBIO INC HOLD — 4.1% +0.3% 89.8 1,330,879 +0 5 —
☆IMCR funds › IMMUNOCORE HLDGS PLC HOLD — 3.8% -0.2% 84.1 2,649,368 +0 5 —
☆CMPS funds › COMPASS PATHWAYS PLC ADD — 3.2% +2.1% 70.8 5,000,000 +997,800 2 +188.5% re-entry
☆ANIP funds › ANI PHARMACEUTICALS INC HOLD — 2.7% -0.1% 58.6 707,500 +0 5 —
☆BNTX funds › BIONTECH SE HOLD — 2.0% -0.1% 43.7 470,000 +0 5 —
☆CMPX funds › COMPASS THERAPEUTICS INC ADD — 1.8% -2.7% 39.4 17,990,782 +1,199,973 5 —
☆PGEN funds › PRECIGEN INC HOLD — 1.7% +0.4% 36.6 6,417,500 +0 4 +85.9%
☆VRDN funds › VIRIDIAN THERAPEUTICS INC HOLD — 1.5% -0.3% 32.9 1,792,626 +0 5 —
☆NVCT funds › NUVECTIS PHARMA INC NEW — 1.3% +1.3% 28.5 1,550,000 +1,550,000 1 +1084.9%
☆DNTH funds › DIANTHUS THERAPEUTICS INC HOLD — 1.2% +0.0% 25.8 264,692 +0 5 —
☆FULC funds › FULCRUM THERAPEUTICS INC NEW — 1.1% +1.1% 23.9 6,521,412 +6,521,412 1 -111.0%
☆AVIR funds › ATEA PHARMACEUTICALS INC HOLD — 1.0% -0.3% 22.4 4,814,700 +0 5 —
☆CBIO funds › CRESCENT BIOPHARMA INC. HOLD — 0.9% -0.1% 20.9 1,160,000 +0 5 -51.5%
☆NNDM funds › NANO DIMENSION LTD NEW — 0.9% +0.9% 20.7 14,292,813 +14,292,813 1 +5.8%
☆VKTX funds › VIKING THERAPEUTICS INC HOLD — 0.9% +0.1% 19.5 500,000 +0 5 —
☆NUVB funds › NUVATION BIO INC ADD — 0.9% +0.2% 18.7 3,299,557 +150,000 5 —
☆IDYA funds › IDEAYA BIOSCIENCES INC HOLD — 0.8% +0.0% 16.8 450,000 +0 4 +27.3%
☆CUSIP:38341PAA0 funds › GOSSAMER BIO INC NEW — 0.5% +0.5% 11.5 17,841,000 +17,841,000 1 —
☆DERM funds › JOURNEY MED CORP HOLD — 0.5% +0.1% 11.4 1,610,000 +0 5 —
☆INSM funds › INSMED INC TRIM — 0.5% -1.7% 10.7 100,000 -160,000 5 —
☆STOK funds › STOKE THERAPEUTICS INC TRIM — 0.4% -0.4% 9.8 300,000 -200,000 5 —
☆PLRX funds › PLIANT THERAPEUTICS INC TRIM — 0.3% -0.1% 7.0 6,141,261 -1,871 5 —
☆BOLD funds › BOUNDLESS BIO INC NEW — 0.3% +0.3% 6.4 2,559,875 +2,559,875 1 +1625.9%
☆PMVP funds › PMV PHARMACEUTICALS INC HOLD — 0.3% -0.0% 5.7 4,245,085 +0 4 -39.2%
☆MRNA funds › MODERNA INC TRIM — 0.2% -0.1% 3.5 50,000 -50,000 5 —
☆WVE funds › WAVE LIFE SCIENCES LTD HOLD — 0.2% -0.1% 3.5 600,000 +0 3 -55.9%
☆HRTX funds › HERON THERAPEUTICS INC HOLD — 0.1% -0.1% 2.7 6,250,000 +0 5 —
☆LENZ funds › LENZ THERAPEUTICS INC HOLD — 0.1% -0.1% 2.6 451,114 +0 5 —
☆ALT funds › ALTIMMUNE INC HOLD — 0.1% -0.0% 2.0 666,022 +0 5 —
☆RCKT funds › ROCKET PHARMACEUTICALS INC HOLD — 0.0% -0.0% 0.3 100,000 +0 5 —
☆AGIO funds › AGIOS PHARMACEUTICALS INC EXIT — 0.0% -0.2% 0.0 0 -100,000 0 -33.3%
☆URGN funds › UROGEN PHARMA LTD EXIT — 0.0% -0.3% 0.0 0 -350,000 0 +262.8%
☆EOLS funds › EVOLUS INC EXIT — 0.0% -0.1% 0.0 0 -483,021 0 —
☆CUSIP:483497103 funds › KALVISTA PHARMACEUTICALS INC EXIT — 0.0% -4.7% 0.0 0 -4,573,530 0 —
☆CUSIP:65487U108 funds › NKARTA INC EXIT — 0.0% -0.2% 0.0 0 -1,480,823 0 —
☆FATE funds › FATE THERAPEUTICS INC EXIT — 0.0% -0.1% 0.0 0 -1,167,773 0 —
☆JANX funds › JANUX THERAPEUTICS INC EXIT — 0.0% -0.4% 0.0 0 -500,000 0 -11.4% re-entry
☆NMRA funds › NEUMORA THERAPEUTICS INC. EXIT — 0.0% -0.0% 0.0 0 -439,878 0 —
☆ERAS funds › ERASCA INC EXIT — 0.0% -0.2% 0.0 0 -200,000 0 —
☆CHRS funds › COHERUS ONCOLOGY INC EXIT — 0.0% -0.2% 0.0 0 -1,886,748 0 —
☆LXRX funds › LEXICON PHARMACEUTICALS INC EXIT — 0.0% -0.0% 0.0 0 -399,700 0 +571.5%
☆CUSIP:49372L209 funds › KEZAR LIFE SCIENCES INC EXIT — 0.0% -0.3% 0.0 0 -664,314 0 —
☆BIIB funds › BIOGEN INC EXIT — 0.0% -0.3% 0.0 0 -35,000 0 —
☆ARVN funds › ARVINAS INC EXIT — 0.0% -0.3% 0.0 0 -538,658 0 —
☆ABEO funds › ABEONA THERAPEUTICS INC EXIT — 0.0% -0.1% 0.0 0 -400,000 0 +17.3%

Point-in-time history

Each row is this fund as of that period, not as of today — what the scoring for that quarter actually saw.
PeriodAUM ($M)Positions TurnoverTop-10 wtHerfindahl Quality Q Skill Universe
2026Q2 2,202 41 0.16 63% 0.051 0.703 — in
2026Q1 1,969 51 0.23 58% 0.046 0.538 — in
2025Q4 2,024 75 0.38 53% 0.037 0.173 — in
2025Q3 2,598 194 0.18 37% 0.021 0.414 — in
2025Q2 1,978 200 0.18 35% 0.019 0.406 — entered
2025Q1 1,808 202 0.00 39% 0.022 0.000 — out
Long US-equity 13F disclosures only · up to 45-day reporting lag · sells = reduce/avoid, not short. JSON: /api/signals · /api/funds · /api/status