Fund Universe

Ikarian Capital, LLC

CIK 0001778253 · holdings for 2026Q2 (change vs 2026Q1) · in signal universe
Quality Q
0.063
AUM ($M)
611
Positions
126
Turnover
0.37
Top-10 wt
40%
Herfindahl
0.025
History (qtrs)
6
Excess Return

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Quarter
Activity this period
Security type

Holdings · 154 positions · portfolio value $611M

TickerNameActivitySecurity Type WeightΔ Weight Value ($M)SharesΔ Shares Qtrs HeldExcess Return
ABVX funds › ABIVAX SA ADD 7.1% +6.2% 43.4 328,635 +271,000 3
KOD funds › KODIAK SCIENCES INC TRIM 6.8% -0.1% 41.3 1,059,730 -206,065 3
ALMS funds › ALUMIS INC TRIM 4.0% +0.2% 24.5 870,548 -343,000 2
PRAX funds › PRAXIS PRECISION MEDICINES I ADD 4.0% +0.7% 24.4 72,842 +1,261 3
PCVX funds › VAXCYTE INC TRIM 3.7% +0.1% 22.6 388,682 -40,000 3
ANIP funds › ANI PHARMACEUTICALS INC ADD 3.7% +2.1% 22.5 272,085 +125,000 2
CLDX funds › CELLDEX THERAPEUTICS INC NEW ADD 2.9% +0.8% 17.8 478,500 +17,253 2
RCUS funds › ARCUS BIOSCIENCES INC NEW 2.5% +2.5% 15.6 504,559 +504,559 1
RLMD funds › RELMADA THERAPEUTICS INC TRIM 2.4% -0.2% 14.9 2,148,359 -540,000 3
CAPR funds › CAPRICOR THERAPEUTICS INC ADD 2.4% +0.1% 14.5 604,215 +76,200 3
COGT funds › COGENT BIOSCIENCES INC NEW 2.3% +2.3% 14.3 370,084 +370,084 1
VERA funds › VERA THERAPEUTICS INC ADD 2.2% +1.0% 13.3 310,000 +110,000 2
CTNM funds › CONTINEUM THERAPEUTICS INC HOLD 2.2% +0.7% 13.2 807,874 +0 3
TENX funds › TENAX THERAPEUTICS INC TRIM 1.9% -0.5% 11.5 787,600 -230,000 3
CCCC funds › C4 THERAPEUTICS INC NEW 1.9% +1.9% 11.4 2,433,000 +2,433,000 1
MAZE funds › MAZE THERAPEUTICS INC HOLD 1.9% +0.2% 11.3 378,999 +0 3
BHVN funds › BIOHAVEN LTD ADD 1.8% +1.3% 11.1 748,181 +335,700 3
CNTB funds › CONNECT BIOPHARMA HLDGS LTD TRIM 1.8% -0.1% 10.8 4,538,534 -849,952 3
ANRO funds › ALTO NEUROSCIENCE INC TRIM 1.8% +0.1% 10.7 407,338 -107,662 3
PHVS funds › PHARVARIS N V TRIM 1.7% -0.2% 10.7 308,856 -178,000 3
JBIO funds › JADE BIOSCIENCES INC TRIM 1.6% +0.5% 9.5 427,349 -85,000 3
DMRA funds › DAMORA THERAPEUTICS INC HOLD 1.4% +0.2% 8.7 335,710 +0 3
VRDN funds › VIRIDIAN THERAPEUTICS INC NEW 1.3% +1.3% 7.8 425,000 +425,000 1
PTHS funds › PELTHOS THERAPEUTICS INC HOLD 1.2% +0.4% 7.3 256,598 +0 3
ZURA funds › ZURA BIO LTD ADD 1.2% +0.2% 7.2 1,218,492 +25,000 3
TECX funds › TECTONIC THERAPEUTIC INC ADD 1.2% +0.5% 7.1 205,837 +48,300 2
SPRB funds › SPRUCE BIOSCIENCES INC HOLD 1.1% -0.1% 6.6 121,356 +0 3
HIMS funds › HIMS & HERS HEALTH INC NEW 1.1% +1.1% 6.5 188,381 +188,381 1
ELVN funds › ENLIVEN THERAPEUTICS INC NEW 1.1% +1.1% 6.4 126,541 +126,541 1
PRQR funds › PROQR THRAPEUTICS N V ADD 1.0% +0.7% 6.4 3,425,930 +1,933,701 3
DRUG funds › BRIGHT MINDS BIOSCIENCES INC TRIM 1.0% -0.7% 6.2 88,951 -77,696 3
OVID funds › OVID THERAPEUTICS INC TRIM 1.0% +0.1% 6.1 2,269,704 -625,000 3
OCGN funds › OCUGEN INC HOLD 1.0% -0.0% 6.1 3,962,972 +0 2
ACOG funds › ALPHA COGNITION INC TRIM 1.0% +0.2% 6.0 836,259 -220,000 3
HROW funds › HARROW INC TRIM 0.9% -1.8% 5.8 135,775 -407,272 3
KZIA funds › KAZIA THERAPEUTICS LTD NEW 0.9% +0.9% 5.6 396,201 +396,201 1
RARE funds › ULTRAGENYX PHARMACEUTICAL IN TRIM 0.9% -0.5% 5.5 165,617 -316,954 3
QTTB funds › Q32 BIO INC NEW 0.9% +0.9% 5.5 430,000 +430,000 1
EPRX funds › EUPRAXIA PHARMACEUTICALS INC TRIM 0.9% -0.4% 5.4 809,741 -405,000 3
BIOA funds › BIOAGE LABS INC NEW 0.8% +0.8% 4.9 200,000 +200,000 1
RZLT funds › REZOLUTE INC ADD 0.8% +0.8% 4.9 935,012 +918,533 3
OLMA funds › OLEMA PHARMACEUTICALS INC TRIM 0.8% -0.5% 4.8 383,281 -215,000 3
MNPR funds › MONOPAR THERAPEUTICS INC NEW 0.7% +0.7% 4.4 47,861 +47,861 1
BBIO funds › BRIDGEBIO PHARMA INC TRIM 0.7% -1.0% 4.3 57,417 -102,703 2
IVA funds › INVENTIVA SA TRIM 0.7% -0.4% 4.2 1,129,101 -300,000 3
ABSI funds › ABSCI CORPORATION NEW Common Stock 0.7% +0.7% 4.1 353,772 +353,772 1
ALEC funds › ALECTOR INC TRIM 0.7% +0.0% 4.0 1,982,606 -100,000 3
CLYM funds › CLIMB BIO INC NEW 0.6% +0.6% 3.9 300,000 +300,000 1
FULC funds › FULCRUM THERAPEUTICS INC HOLD 0.6% -0.5% 3.8 1,049,161 +0 3
CRDL funds › CARDIOL THERAPEUTICS INC ADD 0.6% +0.1% 3.5 3,325,000 +600,000 2
CUE funds › CUE BIOPHARMA INC NEW 0.5% +0.5% 3.3 104,364 +104,364 1
CPIX funds › CUMBERLAND PHARMACEUTICALS I TRIM 0.5% +0.3% 3.3 503,153 -50,000 3
ARWR funds › ARROWHEAD PHARMACEUTICALS IN NEW 0.5% +0.5% 3.1 38,278 +38,278 1
RNTX funds › REIN THERAPEUTICS INC NEW 0.5% +0.5% 3.1 2,950,000 +2,950,000 1
ARVN funds › ARVINAS INC HOLD 0.5% -0.1% 3.0 358,257 +0 3
ABOS funds › ACUMEN PHARMACEUTICALS INC HOLD 0.5% +0.1% 2.8 1,053,797 +0 3
PMN funds › PROMIS NEUROSCIENCES INC ADD 0.4% +0.3% 2.7 205,000 +150,000 2
ANNX funds › ANNEXON INC TRIM 0.4% -0.1% 2.5 430,244 -150,000 3
LXEO funds › LEXEO THERAPEUTICS INC HOLD 0.4% -0.0% 2.4 513,011 +0 3
DCTH funds › DELCATH SYS INC TRIM 0.4% -0.2% 2.3 185,667 -245,584 3
IVVD funds › INVIVYD INC HOLD 0.4% -0.1% 2.3 2,656,570 +0 3
CABA funds › CABALETTA BIO INC TRIM 0.4% +0.0% 2.2 700,000 -200,000 3
NMRA funds › NEUMORA THERAPEUTICS INC. HOLD 0.4% -0.0% 2.2 1,278,408 +0 3
AMLX funds › AMYLYX PHARMACEUTICALS INC NEW 0.3% +0.3% 2.1 117,500 +117,500 1
TARS funds › TARSUS PHARMACEUTICALS INC HOLD 0.3% +0.0% 2.0 31,166 +0 3
SLN funds › SILENCE THERAPEUTICS PLC TRIM 0.3% +0.1% 1.8 830,784 -35,000 3
DERM funds › JOURNEY MED CORP HOLD 0.3% +0.1% 1.8 251,436 +0 3
DBVT funds › DBV TECHNOLOGIES S A HOLD 0.3% -0.0% 1.7 525,000 +0 3
IBIO funds › IBIO INC HOLD 0.3% +0.0% 1.7 957,062 +0 3
AVTX funds › AVALO THERAPEUTICS INC NEW 0.3% +0.3% 1.7 90,183 +90,183 1
AVR funds › ANTERIS TECHNOLOGIES GLOBAL TRIM 0.3% -0.0% 1.6 166,571 -200,000 2
PALI funds › PALISADE BIO INC ADD 0.3% +0.2% 1.6 750,000 +475,022 3
AMAN funds › AMANAT ACQUISITION CORP NEW 0.2% +0.2% 1.5 150,000 +150,000 1
KLRS funds › KALARIS THERAPEUTICS INC HOLD 0.2% -0.1% 1.5 360,000 +0 3
QNCX funds › QUINCE THERAPEUTICS INC NEW 0.2% +0.2% 1.3 72,251 +72,251 1
CUSIP:53630X203 funds › LIPOCINE INC NEW HOLD 0.2% -0.4% 1.3 508,556 +0 3
IMNM funds › IMMUNOME INC NEW 0.2% +0.2% 1.3 60,000 +60,000 1
PLRX funds › PLIANT THERAPEUTICS INC NEW 0.2% +0.2% 1.1 1,000,000 +1,000,000 1
IMUX funds › IMMUNIC INC NEW 0.2% +0.2% 1.0 67,464 +67,464 1
QNRX funds › QUOIN PHARMACEUTICALS LTD HOLD 0.2% -0.0% 1.0 211,538 +0 3
EQ funds › EQUILLIUM INC HOLD 0.2% +0.1% 1.0 303,555 +0 3
STIM funds › NEURONETICS INC HOLD 0.1% +0.0% 0.9 701,182 +0 3
FTH funds › FAETH THERAPEUTICS INC ADD 0.1% +0.1% 0.9 35,386 +29,035 3
CUSIP:35168W103 funds › FRACTYL HEALTH INC HOLD 0.1% +0.1% 0.9 1,100,000 +0 3
HELP funds › CYBIN INC HOLD 0.1% +0.1% 0.9 132,153 +0 3
TRAX funds › FIRST TRACKS BIOTHERAPEUTICS NEW 0.1% +0.1% 0.9 42,775 +42,775 1
VSTM funds › VERASTEM INC HOLD 0.1% -0.0% 0.8 213,865 +0 3
LABD funds › DIREXION SHARES ETF TRUST HOLD 0.1% -0.1% 0.8 105,822 +0 3
PEPG funds › PEPGEN INC HOLD 0.1% +0.0% 0.8 447,165 +0 3
ACAD funds › ACADIA PHARMACEUTICALS INC HOLD 0.1% +0.0% 0.7 28,099 +0 2
CNSP funds › CNS PHARMACEUTICALS INC ADD 0.1% +0.1% 0.6 135,830 +90,000 3
LYEL funds › LYELL IMMUNOPHARMA INC HOLD 0.1% -0.0% 0.6 41,081 +0 3
WVE funds › WAVE LIFE SCIENCES LTD HOLD 0.1% -0.0% 0.5 85,285 +0 3
IMTX funds › IMMATICS N.V HOLD 0.1% +0.0% 0.5 48,569 +0 3
PASG funds › PASSAGE BIO INC ADD 0.1% +0.0% 0.5 99,517 +31,393 2
NXTC funds › NEXTCURE INC ADD 0.1% -0.3% 0.5 288,303 +50,000 3
FBRX funds › FORTE BIOSCIENCES INC TRIM 0.1% -0.4% 0.4 20,972 -98,000 3
SLDB funds › SOLID BIOSCIENCES INC TRIM 0.1% -0.2% 0.4 42,956 -221,453 3
TRAW funds › TRAWS PHARMA INC TRIM 0.1% -0.1% 0.4 478,142 -200,000 3
LXRX funds › LEXICON PHARMACEUTICALS INC HOLD 0.1% +0.0% 0.4 164,674 +0 3
ELTX funds › ELICIO THERAPEUTICS INC NEW 0.1% +0.1% 0.4 100,000 +100,000 1
ANL funds › ADLAI NORTYE LTD HOLD 0.1% +0.0% 0.4 33,899 +0 2
INM funds › INMED PHARMACEUTICALS INC NEW 0.1% +0.1% 0.4 245,025 +245,025 1
VKTX funds › VIKING THERAPEUTICS INC HOLD 0.1% +0.0% 0.4 9,717 +0 3
MGNX funds › MACROGENICS INC HOLD 0.1% +0.0% 0.3 74,893 +0 3
PURR funds › HYPERLIQUID STRATEGIES INC HOLD 0.0% +0.0% 0.2 30,001 +0 3
CUSIP:29970R303 funds › EVAXION AS HOLD 0.0% -0.0% 0.2 74,698 +0 3
RNAC funds › CARTESIAN THERAPEUTICS INC HOLD 0.0% +0.0% 0.2 20,807 +0 3
CMPS funds › COMPASS PATHWAYS PLC TRIM 0.0% -0.5% 0.2 15,000 -660,000 3
NEUP funds › NEUPHORIA THERAPEUTICS INC HOLD 0.0% +0.0% 0.2 47,443 +0 3
VYGR funds › VOYAGER THERAPEUTICS INC HOLD 0.0% +0.0% 0.2 53,063 +0 3
VYNE funds › VYNE THERAPEUTICS INC HOLD 0.0% +0.0% 0.2 264,912 +0 3
BCRX funds › BIOCRYST PHARMACEUTICALS INC NEW 0.0% +0.0% 0.2 16,756 +16,756 1
ENVB funds › ENVERIC BIOSCIENCES INC NEW 0.0% +0.0% 0.1 100,002 +100,002 1
PMVP funds › PMV PHARMACEUTICALS INC HOLD 0.0% +0.0% 0.1 89,136 +0 3
VTGN funds › VISTAGEN THERAPEUTICS INC HOLD 0.0% -0.0% 0.1 519,077 +0 3
CMMB funds › CHEMOMAB THERAPEUTICS LTD HOLD 0.0% +0.0% 0.1 51,793 +0 3
NYXH funds › NYXOAH S A HOLD 0.0% -0.0% 0.1 47,358 +0 3
AIRS funds › AIRSCULPT TECHNOLOGIES INC HOLD 0.0% +0.0% 0.1 16,398 +0 3
MGRX funds › MANGOCEUTICALS INC HOLD 0.0% +0.0% 0.1 138,146 +0 3
CMPX funds › COMPASS THERAPEUTICS INC HOLD 0.0% -0.0% 0.0 18,000 +0 3
TOVX funds › THERIVA BIOLOGICS INC HOLD 0.0% +0.0% 0.0 112,076 +0 3
GCTK funds › GLUCOTRACK INC HOLD 0.0% -0.0% 0.0 45,830 +0 3
AEMD funds › AETHLON MED INC HOLD 0.0% -0.0% 0.0 14,364 +0 3
JSPR funds › JASPER THERAPEUTICS INC HOLD 0.0% -0.0% 0.0 24,093 +0 3
PHGE funds › BIOMX INC HOLD 0.0% -0.0% 0.0 19,473 +0 3
DFTX funds › DEFINIUM THERAPEUTICS INC EXIT 0.0% -0.2% 0.0 0 -58,803 0
CYTK funds › CYTOKINETICS INC EXIT 0.0% -2.7% 0.0 0 -283,572 0
QURE funds › UNIQURE NV EXIT 0.0% -0.2% 0.0 0 -91,060 0
LLY funds › ELI LILLY & CO EXIT 0.0% -0.9% 0.0 0 -6,547 0
LEGN funds › LEGEND BIOTECH CORP EXIT 0.0% -0.6% 0.0 0 -226,888 0
INSM funds › INSMED INC EXIT 0.0% -0.1% 0.0 0 -4,214 0
KPTI funds › KARYOPHARM THERAPEUTICS INC EXIT 0.0% -0.6% 0.0 0 -733,435 0
CUSIP:05330T205 funds › AUTONOMIX MED INC EXIT 0.0% -0.0% 0.0 0 -18,688 0
IOBTQ funds › IO BIOTECH INC EXIT 0.0% -0.0% 0.0 0 -1,386,565 0
BBOT funds › BRIDGEBIO ONCOLOGY THERAPEUT EXIT 0.0% -0.3% 0.0 0 -270,231 0
PVLA funds › PALVELLA THERAPEUTICS INC NE EXIT 0.0% -1.2% 0.0 0 -64,626 0
CUSIP:152309100 funds › CENTESSA PHARMACEUTICALS PLC EXIT 0.0% -0.1% 0.0 0 -18,113 0
NUVL funds › NUVALENT INC EXIT 0.0% -0.3% 0.0 0 -23,594 0
ORKA funds › ORUKA THERAPEUTICS INC EXIT 0.0% -1.7% 0.0 0 -242,021 0
CUSIP:483497103 funds › KALVISTA PHARMACEUTICALS INC EXIT 0.0% -0.1% 0.0 0 -35,119 0
PCSC funds › PERCEPTIVE CAP SOLUTIONS COR EXIT 0.0% -0.4% 0.0 0 -240,951 0
CUSIP:834203309 funds › SOLENO THERAPEUTICS INC EXIT 0.0% -1.6% 0.0 0 -344,123 0
CUSIP:4525EP101 funds › IMMUNIC INC EXIT 0.0% -0.1% 0.0 0 -674,662 0
RVMD funds › REVOLUTION MEDICINES INC EXIT 0.0% -2.3% 0.0 0 -163,142 0
VIR funds › VIR BIOTECHNOLOGY INC EXIT 0.0% -0.4% 0.0 0 -293,258 0
CUSIP:880881107 funds › TERNS PHARMACEUTICALS INC EXIT 0.0% -11.0% 0.0 0 -1,456,378 0
CUSIP:825693401 funds › SHUTTLE PHARMACTCLS HLDGS IN EXIT 0.0% -0.0% 0.0 0 -68,993 0
SGMOQ funds › SANGAMO THERAPEUTICS INC EXIT 0.0% -0.0% 0.0 0 -1,218,671 0
IONS funds › IONIS PHARMACEUTICALS INC EXIT 0.0% -1.4% 0.0 0 -127,038 0
CUSIP:49372L209 funds › KEZAR LIFE SCIENCES INC EXIT 0.0% -0.1% 0.0 0 -102,211 0
SRZN funds › SURROZEN INC EXIT 0.0% -0.7% 0.0 0 -173,107 0
JAZZ funds › JAZZ PHARMACEUTICALS PLC EXIT 0.0% -0.3% 0.0 0 -12,460 0
VERU funds › VERU INC EXIT 0.0% -0.0% 0.0 0 -133,517 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 611 126 0.37 40% 0.025 0.063 in
2026Q1 699 127 0.41 41% 0.031 0.061 in
2025Q4 773 135 0.51 40% 0.027 0.022 entered
2025Q3 494 116 0.62 47% 0.034 0.000 left
2025Q2 302 103 0.41 45% 0.030 0.041 entered
2025Q1 307 116 0.00 39% 0.026 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