Fund Universe

Trails Edge Capital Partners, LP

CIK 0002077247 · holdings for 2026Q2 (change vs 2026Q1) · in signal universe
Quality Q
0.089
AUM ($M)
630
Positions
35
Turnover
0.38
Top-10 wt
50%
Herfindahl
0.039
History (qtrs)
3
Excess Return
+18.5%

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Quarter
Activity this period
Security type

Holdings · 39 positions · portfolio value $630M

TickerNameActivitySecurity Type WeightΔ Weight Value ($M)SharesΔ Shares Qtrs HeldExcess Return
LBRX funds › LB PHARMACEUTICALS INC ADD 7.8% +0.2% 49.4 1,523,022 +203,660 2
NRIX funds › NURIX THERAPEUTICS INC TRIM 6.1% -0.3% 38.2 1,573,220 -170,000 2
IMCR funds › IMMUNOCORE HLDGS PLC ADD 5.4% +0.5% 33.8 1,063,234 +380,637 2
TRAX funds › FIRST TRACKS BIOTHERAPEUTICS NEW 4.8% +4.8% 30.5 1,514,000 +1,514,000 1 +4180.6%
FDMT funds › 4D MOLECULAR THERAPEUTICS IN ADD 4.7% +1.8% 29.6 2,227,917 +925,000 2 +36.0%
BMRN funds › BIOMARIN PHARMACEUTICAL INC NEW 4.7% +4.7% 29.3 512,000 +512,000 1 +229.9%
DSGN funds › DESIGN THERAPEUTICS INC ADD 4.6% +2.5% 29.0 2,001,282 +1,149,269 2 +87.5%
XENE funds › XENON PHARMACEUTICALS INC HOLD 4.2% -1.8% 26.6 440,000 +0 2
MIRM funds › MIRUM PHARMACEUTICALS INC TRIM 4.2% -3.1% 26.1 223,312 -110,000 2
INSM funds › INSMED INC NEW 3.9% +3.9% 24.6 230,331 +230,331 1 +57.5%
CYTK funds › CYTOKINETICS INC TRIM 3.9% -0.8% 24.5 288,089 -11,911 2 -7.0%
SNDX funds › SYNDAX PHARMACEUTICALS INC ADD 3.9% -0.0% 24.3 1,110,000 +408,179 2 -36.5%
NGNE funds › NEUROGENE INC TRIM 3.6% -0.1% 22.5 714,885 -67,902 2
KLRA funds › KAILERA THERAPEUTICS INC NEW 3.4% +3.4% 21.7 984,786 +984,786 1 -54.3%
RVMD funds › REVOLUTION MEDICINES INC TRIM 3.4% -2.2% 21.7 115,750 -129,250 2 +293.7%
IKT funds › INHIBIKASE THERAPEUTICS INC ADD 2.9% -0.3% 18.4 9,051,318 +993,973 2
INCY funds › INCYTE CORP NEW 2.8% +2.8% 17.6 155,000 +155,000 1 +138.7%
AVTX funds › AVALO THERAPEUTICS INC NEW Common Stock 2.6% +2.6% 16.5 891,881 +891,881 1 +98.0%
MLTX funds › MOONLAKE IMMUNOTHERAPEUTICS NEW 2.3% +2.3% 14.6 750,000 +750,000 1 -23.5%
FTH funds › FAETH THERAPEUTICS INC ADD 2.0% +1.1% 12.9 515,335 +390,335 2 +1208.4%
XFOR funds › X4 PHARMACEUTICALS INC HOLD 1.9% -0.6% 12.0 2,571,478 +0 2
IRD funds › OPUS GENETICS INC ADD 1.8% +1.3% 11.3 2,743,658 +2,243,658 2 -45.8%
SLGL funds › SOL-GEL TECHNOLOGIES LTD ADD 1.6% +0.0% 10.3 139,445 +53,949 2 +1.1%
AURA funds › AURA BIOSCIENCES INC NEW Common Stock 1.6% +1.6% 10.2 1,443,333 +1,443,333 1 -11.5%
IPSC funds › CENTURY THERAPEUTICS INC ADD 1.6% +0.3% 10.1 4,134,969 +1,684,976 2 -32.6%
IVA funds › INVENTIVA SA HOLD 1.6% -1.9% 10.0 2,657,997 +0 2
CAMP funds › CAMP4 THERAPEUTICS CORP TRIM 1.3% -0.7% 8.4 1,932,937 -6,626 2
ALT funds › ALTIMMUNE INC NEW Common Stock 1.3% +1.3% 8.1 2,660,000 +2,660,000 1 -1.8%
NERV funds › MINERVA NEUROSCIENCES INC HOLD 1.3% -0.8% 7.9 1,419,000 +0 2 -82.0%
PMN funds › PROMIS NEUROSCIENCES INC HOLD 1.2% -0.5% 7.3 557,103 +0 2 -47.5%
OKUR funds › ONKURE THERAPEUTICS INC NEW 1.0% +1.0% 6.6 1,438,456 +1,438,456 1 +168.6%
FBRX funds › FORTE BIOSCIENCES INC NEW 0.9% +0.9% 5.8 273,181 +273,181 1
RACC funds › RESEARCH ALLIANCE CORP III NEW 0.8% +0.8% 5.3 500,000 +500,000 1 +5866.4%
VTVT funds › VTV THERAPEUTICS INC TRIM 0.5% -0.8% 3.2 85,192 -54,386 2
IMA funds › IMAGENEBIO INC NEW 0.3% +0.3% 1.7 282,004 +282,004 1 -9.5%
IMVT funds › IMMUNOVANT INC EXIT 0.0% -2.4% 0.0 0 -414,054 0
RCUS funds › ARCUS BIOSCIENCES INC EXIT Common Stock 0.0% -5.3% 0.0 0 -1,047,935 0
DFTX funds › DEFINIUM THERAPEUTICS INC EXIT 0.0% -7.7% 0.0 0 -1,738,110 0 +79.0%
PCVX funds › VAXCYTE INC EXIT 0.0% -9.1% 0.0 0 -662,470 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 630 35 0.38 50% 0.039 0.089 in
2026Q1 425 26 0.44 65% 0.053 0.092 entered
2025Q4 405 23 0.00 69% 0.059 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