Fund Universe

SPHERA FUNDS MANAGEMENT LTD.

CIK 0001496201 · holdings for 2026Q2 (change vs 2026Q1) · in signal universe
Quality Q
0.149
AUM ($M)
699
Positions
97
Turnover
0.25
Top-10 wt
36%
Herfindahl
0.022
History (qtrs)
6
Excess Return
+37.5%

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Holdings · 114 positions · portfolio value $699M

TickerNameActivitySecurity Type WeightΔ Weight Value ($M)SharesΔ Shares Qtrs HeldExcess Return
TEVA funds › TEVA PHARMACEUTICAL INDS LTD ADD 7.3% +1.4% 50.8 1,500,082 +363,107 5
MLYS funds › MINERALYS THERAPEUTICS INC ADD 5.7% -0.6% 39.7 1,469,971 +130,000 5
TSEM funds › TOWER SEMICONDUCTOR LTD TRIM 4.0% -0.4% 28.2 108,265 -37,470 5
SNDX funds › SYNDAX PHARMACEUTICALS INC ADD 3.2% +0.3% 22.2 1,014,606 +290,043 5
BIIB funds › BIOGEN INC ADD 3.0% +0.1% 20.9 96,626 +4,100 5
RARE funds › ULTRAGENYX PHARMACEUTICAL IN TRIM 2.8% -0.1% 19.6 588,494 -220,839 5
BMRN funds › BIOMARIN PHARMACEUTICAL INC ADD 2.7% +1.3% 18.8 328,550 +188,650 3 +8.8%
CYTK funds › CYTOKINETICS INC ADD 2.7% +2.2% 18.7 219,987 +180,170 5
BBIO funds › BRIDGEBIO PHARMA INC ADD 2.6% -0.5% 18.3 245,346 +100 5
COGT funds › COGENT BIOSCIENCES INC ADD 2.5% -0.2% 17.8 459,340 +43,000 5
NVMI funds › NOVA LTD TRIM 2.0% -2.0% 13.7 25,169 -28,197 5
INSM funds › INSMED INC NEW 1.8% +1.8% 12.7 118,800 +118,800 1 +57.5%
MAZE funds › MAZE THERAPEUTICS INC ADD 1.8% +0.6% 12.5 417,564 +190,221 5
AZN funds › ASTRAZENECA PLC HOLD 1.7% -0.4% 11.9 62,530 +0 2 -75.4%
SNY funds › SANOFI SA HOLD 1.6% -0.6% 11.5 269,515 +0 5
HELP funds › CYBIN INC ADD 1.5% +0.7% 10.7 1,620,753 +633,663 5
LLY funds › ELI LILLY & CO TRIM 1.4% -0.0% 9.6 8,040 -1,000 5
MDGL funds › MADRIGAL PHARMACEUTICALS INC ADD 1.3% +0.5% 9.4 17,419 +8,379 3 -35.6%
TRVI funds › TREVI THERAPEUTICS INC TRIM 1.3% +0.2% 9.3 499,029 -75,000 5 +105.8%
ACAD funds › ACADIA PHARMACEUTICALS INC ADD 1.3% +0.3% 9.0 356,534 +100,332 5 -4.3%
CLDX funds › CELLDEX THERAPEUTICS INC NEW TRIM 1.3% -0.0% 9.0 240,868 -2,707 5
RYTM funds › RHYTHM PHARMACEUTICALS INC NEW 1.3% +1.3% 8.9 80,400 +80,400 1 +202.2%
ORIC funds › ORIC PHARMACEUTICALS INC ADD 1.2% -0.0% 8.2 752,983 +215,355 5
LRCX funds › LAM RESEARCH CORP NEW 1.1% +1.1% 8.0 18,470 +18,470 1 +86.3%
AMAT funds › APPLIED MATLS INC NEW 1.1% +1.1% 8.0 11,040 +11,040 1 +110.2% re-entry
TNGX funds › TANGO THERAPEUTICS INC TRIM 1.1% -0.1% 7.9 254,250 -89,313 3 +359.5%
NVS funds › NOVARTIS AG ADD 1.1% +0.1% 7.8 50,000 +13,000 5
CUSIP:83417MAE4 funds › SOLAREDGE TECHNOLOGIES INC HOLD 1.1% -0.1% 7.7 4,000,000 +0 4
VOR funds › VOR BIOPHARMA INC ADD 1.1% +0.1% 7.7 416,417 +94,500 3 +183.8%
ABBV funds › ABBVIE INC HOLD 1.1% -0.0% 7.6 30,256 +0 5
MRK funds › MERCK & CO INC ADD 1.1% +0.1% 7.5 58,600 +10,000 5
JNJ funds › JOHNSON & JOHNSON HOLD 1.0% -0.2% 7.3 28,831 +0 5
IDYA funds › IDEAYA BIOSCIENCES INC NEW 1.0% +1.0% 7.3 196,408 +196,408 1 +155.9% re-entry
IMTX funds › IMMATICS N.V ADD 1.0% -0.1% 7.3 720,057 +23,952 5
NVCT funds › NUVECTIS PHARMA INC NEW 1.0% +1.0% 7.0 382,945 +382,945 1 +1084.9%
PFE funds › PFIZER INC ADD 1.0% +0.1% 6.9 286,000 +100,000 5
HRMY funds › HARMONY BIOSCIENCES HLDGS IN NEW 0.9% +0.9% 6.4 176,663 +176,663 1 +152.5%
XENE funds › XENON PHARMACEUTICALS INC TRIM 0.9% -0.4% 6.3 105,000 -22,000 2 +97.2%
CLYM funds › CLIMB BIO INC ADD 0.9% +0.4% 6.3 483,747 +64,500 5
ZBIO funds › ZENAS BIOPHARMA INC ADD 0.8% +0.1% 5.9 230,834 +16,500 2 -9.4%
NVO funds › NOVO-NORDISK A S HOLD 0.8% +0.1% 5.8 120,677 +0 5
ELVN funds › ENLIVEN THERAPEUTICS INC TRIM 0.8% -0.2% 5.7 112,765 -40,500 5
PRLD funds › PRELUDE THERAPEUTICS INC ADD 0.8% +0.4% 5.4 1,019,832 +461,493 3 +391.5%
GSK funds › GSK PLC TRIM 0.8% -0.4% 5.3 102,000 -20,000 5
FBRX funds › FORTE BIOSCIENCES INC ADD 0.8% -0.1% 5.3 249,693 +64,709 5
BIOA funds › BIOAGE LABS INC ADD 0.7% +0.5% 5.2 213,671 +127,153 3 +14.5%
SRRK funds › SCHOLAR ROCK HLDG CORP HOLD 0.7% -0.1% 5.2 94,265 +0 3 +39.3% re-entry
MSLE funds › SATELLOS BIOSCIENCE INC ADD 0.7% +0.3% 5.1 652,590 +163,383 2 -61.5%
PALI funds › PALISADE BIO INC ADD 0.7% +0.2% 4.7 2,257,106 +523,635 3 -19.9%
ELDN funds › ELEDON PHARMACEUTICALS INC TRIM 0.7% -0.3% 4.7 1,191,187 -580,944 5
VST funds › VISTRA CORP NEW 0.7% +0.7% 4.7 29,450 +29,450 1 +15.9%
TLN funds › TALEN ENERGY CORP NEW 0.7% +0.7% 4.7 12,135 +12,135 1 +35.1%
SVRA funds › SAVARA INC ADD 0.7% -0.0% 4.7 756,164 +17,000 5
IRON funds › DISC MEDICINE INC ADD 0.7% +0.1% 4.6 63,538 +10,000 2 +14.4%
CLOU funds › GLOBAL X FDS NEW 0.6% +0.6% 4.5 195,900 +195,900 1 +131.3%
DYN funds › DYNE THERAPEUTICS INC ADD 0.6% +0.1% 4.4 199,594 +39,000 5
RLAY funds › RELAY THERAPEUTICS INC TRIM 0.6% -0.1% 4.4 233,836 -174,600 2 +357.8%
AVTX funds › AVALO THERAPEUTICS INC NEW 0.6% +0.6% 4.3 232,294 +232,294 1 +98.0%
PMN funds › PROMIS NEUROSCIENCES INC HOLD 0.6% -0.1% 4.3 325,591 +0 3 +72.6%
BCRX funds › BIOCRYST PHARMACEUTICALS INC TRIM 0.6% -0.8% 4.2 422,051 -444,413 3 +30.9%
RVMD funds › REVOLUTION MEDICINES INC TRIM 0.6% -0.3% 4.2 22,400 -32,710 4 +442.1%
CABA funds › CABALETTA BIO INC NEW 0.6% +0.6% 4.1 1,329,012 +1,329,012 1 -76.7%
GENB funds › GENERATE BIOMEDICINES INC ADD 0.6% +0.2% 4.1 245,000 +60,000 2 +24.9%
MDWD funds › MEDIWOUND LTD HOLD 0.6% -0.2% 4.0 273,192 +0 4 -47.2%
ACOG funds › ALPHA COGNITION INC TRIM 0.6% +0.0% 3.9 545,816 -21,800 5
WVE funds › WAVE LIFE SCIENCES LTD ADD 0.5% -0.2% 3.7 638,272 +90,000 4 -66.8%
CRVS funds › CORVUS PHARMACEUTICALS INC TRIM 0.5% -0.1% 3.7 244,961 -3,000 5
OVID funds › OVID THERAPEUTICS INC TRIM 0.5% -0.1% 3.6 1,353,000 -269,828 2 +274.3%
BBOT funds › BRIDGEBIO ONCOLOGY THERAPEUT NEW 0.5% +0.5% 3.5 460,985 +460,985 1 -8.7%
CTMX funds › CYTOMX THERAPEUTICS INC. ADD 0.5% +0.3% 3.3 879,000 +659,000 2 -91.8%
PRQR funds › PROQR THRAPEUTICS N V NEW 0.5% +0.5% 3.3 1,757,458 +1,757,458 1 +146.8%
ALNY funds › ALNYLAM PHARMACEUTICALS INC NEW 0.5% +0.5% 3.3 10,800 +10,800 1 -84.9%
KURA funds › KURA ONCOLOGY INC TRIM 0.5% +0.0% 3.2 295,039 -483 5
KOD funds › KODIAK SCIENCES INC TRIM 0.5% -0.3% 3.2 81,796 -33,000 3 +145.7%
ORA funds › ORMAT TECHNOLOGIES INC TRIM 0.4% -0.9% 3.1 28,015 -40,235 2 -46.2% re-entry
CTNM funds › CONTINEUM THERAPEUTICS INC ADD 0.4% +0.0% 3.0 183,475 +10,000 3 +14.1%
LRMR funds › LARIMAR THERAPEUTICS INC NEW 0.4% +0.4% 2.8 926,004 +926,004 1 +218.6% re-entry
IMMX funds › IMMIX BIOPHARMA INC NEW 0.4% +0.4% 2.8 270,000 +270,000 1 +104.2%
AMGN funds › AMGEN INC HOLD 0.4% -0.1% 2.7 7,500 +0 5
BHVN funds › BIOHAVEN LTD TRIM 0.4% -0.5% 2.4 164,437 -429,563 2 +33.2% re-entry
CEG funds › CONSTELLATION ENERGY CORP NEW 0.4% +0.4% 2.4 9,850 +9,850 1 +12.4%
VSTM funds › VERASTEM INC ADD 0.3% +0.0% 2.4 632,632 +288,954 5 -36.2%
TENX funds › TENAX THERAPEUTICS INC TRIM 0.3% -0.1% 1.7 120,200 -15,815 3 -109.6%
TSHA funds › TAYSHA GENE THERAPIES INC NEW 0.2% +0.2% 1.7 250,000 +250,000 1 +20.2% re-entry
GPCR funds › STRUCTURE THERAPEUTICS INC TRIM 0.2% -0.2% 1.5 28,600 -22,200 5
UPB funds › UPSTREAM BIO INC TRIM 0.2% -0.3% 1.5 219,700 -138,300 2 -60.1%
VYGR funds › VOYAGER THERAPEUTICS INC TRIM 0.2% -0.1% 1.5 427,554 -42,207 4 -34.4%
ORGO funds › ORGANOGENESIS HLDGS INC HOLD 0.2% -0.0% 1.3 550,000 +0 2 -109.5%
IKT funds › INHIBIKASE THERAPEUTICS INC NEW 0.2% +0.2% 1.3 649,309 +649,309 1 +409.2%
CUSIP:231269309 funds › CURIS INC TRIM 0.1% -0.0% 1.0 98,996 -1,895,941 2
STTK funds › SHATTUCK LABS INC TRIM 0.1% -0.2% 0.6 86,461 -194,325 3 +472.7%
TRAX funds › FIRST TRACKS BIOTHERAPEUTICS NEW 0.1% +0.1% 0.6 27,876 +27,876 1 +4180.6%
SKYE funds › SKYE BIOSCIENCE INC HOLD 0.1% -0.0% 0.5 678,928 +0 5
TRAW funds › TRAWS PHARMA INC NEW 0.0% +0.0% 0.3 398,486 +398,486 1 -123.3%
EVMN funds › EVOMMUNE INC TRIM 0.0% -0.3% 0.3 22,632 -55,602 3 -56.4%
HOWL funds › WEREWOLF THERAPEUTICS INC HOLD 0.0% -0.1% 0.2 626,810 +0 5
APRE funds › APREA THERAPEUTICS INC HOLD 0.0% -0.0% 0.2 270,000 +0 5
CAMT funds › CAMTEK LTD EXIT 0.0% -1.4% 0.0 0 -53,020 0
CUSIP:03152W109 funds › AMICUS THERAPEUTIC EXIT 0.0% -1.5% 0.0 0 -603,377 0
CLBT funds › CELLEBRITE DI LTD EXIT 0.0% -1.5% 0.0 0 -631,521 0 -56.8% re-entry
BMY funds › BRISTOL-MYERS SQUIBB CO EXIT 0.0% -0.2% 0.0 0 -17,500 0
IBIT funds › ISHARES BITCOIN TRUST ETF EXIT 0.0% -0.4% 0.0 0 -59,505 0
NICE funds › NICE LTD EXIT 0.0% -0.1% 0.0 0 -5,611 0 -50.9% re-entry
FHTX funds › FOGHORN THERAPEUTICS INC EXIT 0.0% -0.0% 0.0 0 -12,224 0 -117.3%
CUSIP:03753U106 funds › APELLIS PHARMACEUTICALS INC EXIT 0.0% -1.5% 0.0 0 -214,914 0
ZIM funds › ZIM INTEGRATED SHIPPING SERV EXIT 0.0% -0.5% 0.0 0 -105,950 0 +118.9%
DTIL funds › PRECISION BIOSCIENCES INC EXIT 0.0% -0.0% 0.0 0 -40,000 0 +59.1%
CUSIP:834203309 funds › SOLENO THERAPEUTICS INC EXIT 0.0% -1.2% 0.0 0 -216,281 0
SEDG funds › SOLAREDGE TECHNOLOGIES INC EXIT 0.0% -0.5% 0.0 0 -52,836 0
PANW funds › PALO ALTO NETWORKS INC EXIT 0.0% -1.5% 0.0 0 -52,800 0 +399.3% re-entry
ENPH funds › ENPHASE ENERGY INC EXIT 0.0% -0.9% 0.0 0 -142,419 0 +38.6%
AAOI funds › APPLIED OPTOELECTRONICS INC EXIT 0.0% -1.1% 0.0 0 -73,400 0 +26122.1%
AMZN funds › AMAZON COM INC EXIT 0.0% -1.1% 0.0 0 -31,940 0 +166.4% re-entry
CUSIP:04351P101 funds › ASCENDIS PHARMA A/S EXIT 0.0% -0.3% 0.0 0 -8,000 0

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 699 97 0.25 36% 0.022 0.148 in
2026Q1 581 92 0.28 37% 0.022 0.126 in
2025Q4 479 94 0.33 34% 0.021 0.053 in
2025Q3 422 101 0.31 37% 0.023 0.065 in
2025Q2 382 101 0.26 35% 0.022 0.099 entered
2025Q1 405 112 0.00 35% 0.020 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