Cormorant Report for 13F filed on 2025-08-14
Cormorant Top 10 Stock Holdings by Value
| SYMBOL | NAME_OF_ISSUER | VALUE | SHARES | DATE | RANK | PERCENT | Price | Mkt. Cap | Float | 3 Month Percentage Change | First Traded | Months to 0$ | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | MLTX | MOONLAKE IMMUNOTHERAPEUTICS | 400923927 | 8494151 | 2025-08-14 | 1 | 29.86 | 55.65 | 3,295,087,616.00 | 28351471 | 44.40% | 2020-10-20 09:30:00 | 22 |
| 1 | EYPT | EYEPOINT PHARMACEUTICALS INC | 78338250 | 8325000 | 2025-08-14 | 2 | 5.84 | 11.01 | 692,933,760.00 | 43802346 | 86.29% | 2005-01-27 09:30:00 | 13.60 |
| 2 | BBIO | BRIDGEBIO PHARMA INC | 69088000 | 1600000 | 2025-08-14 | 3 | 5.15 | 50.38 | 8,904,651,776.00 | 149992720 | 51.47% | 2019-06-27 09:30:00 | 25.10 |
| 3 | PRAX | PRAXIS PRECISION MEDICINES I | 68331250 | 1625000 | 2025-08-14 | 4 | 5.09 | 49.05 | 973,999,616.00 | 16156004 | 31.43% | 2020-10-16 09:30:00 | 15.20 |
| 4 | MRUS | MERUS N V | 58912000 | 1120000 | 2025-08-14 | 5 | 4.39 | 67.09 | 4,794,464,768.00 | 65087147 | 63.95% | 2016-05-19 09:30:00 | 29.40 |
| 5 | EWTX | EDGEWISE THERAPEUTICS INC | 55743615 | 4251992 | 2025-08-14 | 6 | 4.15 | 13.73 | 1,385,299,840.00 | 62508983 | -7.79% | 2021-03-26 09:30:00 | 53 |
| 6 | INSM | INSMED INC | 54345600 | 540000 | 2025-08-14 | 7 | 4.05 | 122.87 | 23,156,131,840.00 | 192507473 | 86.99% | 2000-06-01 09:30:00 | 25.30 |
| 7 | ACLX | ARCELLX INC | 52680000 | 800000 | 2025-08-14 | 8 | 3.92 | 71.03 | 3,832,209,920.00 | 33083459 | 21.94% | 2022-02-04 09:30:00 | 32.30 |
| 8 | NAMS | NEWAMSTERDAM PHARMA COMPANY | 39389250 | 2175000 | 2025-08-14 | 9 | 2.93 | 25.76 | 2,585,938,688.00 | 55074190 | 37.39% | 2021-02-09 09:30:00 | 2.90 |
| 9 | JANX | JANUX THERAPEUTICS INC | 34650000 | 1500000 | 2025-08-14 | 10 | 2.58 | 24.96 | 1,435,943,808.00 | 37982370 | -1.46% | 2021-06-11 09:30:00 | 121.30 |
------------------------------------------------------------ ------------------------------------------------------------ Cormorant New Positions
| SYMBOL | NAME_OF_ISSUER | VALUE | SHARES | DATE | CUSIP | RANK | PERCENT | Price | Mkt. Cap | Float | 3 Month Percentage Change | First Traded | Months to 0$ | Position | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | VRNA | VERONA PHARMA PLC | 33103000 | 350000 | 2025-08-14 | 925050106 | 12 | 2.47 | 105.20 | 8,946,578,432.00 | 507044114 | 55.69% | 2017-04-28 09:30:00 | Missing | New |
| 1 | CABA | CABALETTA BIO INC | 7600000 | 5000000 | 2025-08-14 | 12674W109 | 32 | 0.57 | 1.71 | 124,392,672.00 | 60778761 | 29.55% | 2019-10-25 09:30:00 | 17.70 | New |
| 2 | VYNE | VYNE THERAPEUTICS INC | 2262048 | 1370938 | 2025-08-14 | 92941V308 | 41 | 0.17 | 0.35 | 5,947,703.00 | 13576221 | -73.44% | 2018-01-25 09:30:00 | 8.80 | New |
------------------------------------------------------------ ------------------------------------------------------------ Cormorant Increased Positions
| SYMBOL | NAME_OF_ISSUER | VALUE | SHARES | DATE | CUSIP | RANK | PERCENT | Price | Mkt. Cap | Float | 3 Month Percentage Change | First Traded | Months to 0$ | PCT_CHANGE | Position | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | MRUS | MERUS N V | 58912000 | 1120000 | 2025-08-14 | N5749R100 | 5 | 4.39 | 67.09 | 4,794,464,768.00 | 65087147 | 63.95% | 2016-05-19 09:30:00 | 29.40 | 51.35% | Increased |
| 1 | EWTX | EDGEWISE THERAPEUTICS INC | 55743615 | 4251992 | 2025-08-14 | 28036F105 | 6 | 4.15 | 13.73 | 1,385,299,840.00 | 62508983 | -7.79% | 2021-03-26 09:30:00 | 53 | 3.66% | Increased |
| 2 | INSM | INSMED INC | 54345600 | 540000 | 2025-08-14 | 457669307 | 7 | 4.05 | 122.87 | 23,156,131,840.00 | 192507473 | 86.99% | 2000-06-01 09:30:00 | 25.30 | 2.86% | Increased |
| 3 | KRRO | KORRO BIO INC | 5807850 | 465000 | 2025-08-14 | 500946108 | 35 | 0.43 | 18.93 | 145,787,360.00 | 4888127 | 21.74% | 2019-10-03 09:30:00 | 9.60 | 22.27% | Increased |
------------------------------------------------------------ ------------------------------------------------------------ Cormorant Closed Positions
| SYMBOL | NAME_OF_ISSUER | VALUE | SHARES | DATE | CUSIP | RANK | PERCENT | Price | Mkt. Cap | Float | 3 Month Percentage Change | First Traded | Months to 0$ | Position | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | RYTM | RHYTHM PHARMACEUTICALS INC | 7945500 | 150000 | 2025-05-15 | 76243J105 | 31 | 0.60 | 97.86 | 6,137,217,536.00 | 54198130 | 72.32% | 2017-10-09 09:30:00 | 36.10 | Closed |
| 1 | OKUR | ONKURE THERAPEUTICS INC | 7902278 | 1837739 | 2025-05-15 | 68277Q105 | 32 | 0.60 | 2.40 | NaN | None | 30.43% | None | None | Closed |
| 2 | PLRX | PLIANT THERAPEUTICS INC | 4050000 | 3000000 | 2025-05-15 | 729139105 | 39 | 0.31 | 1.60 | 104,359,944.00 | 54121024 | 15.94% | 2020-06-03 09:30:00 | 17.90 | Closed |
------------------------------------------------------------ ------------------------------------------------------------ Cormorant Decreased Positions
| SYMBOL | NAME_OF_ISSUER | VALUE | SHARES | DATE | CUSIP | RANK | PERCENT | Price | Mkt. Cap | Float | 3 Month Percentage Change | First Traded | Months to 0$ | PCT_CHANGE | Position | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | BBIO | BRIDGEBIO PHARMA INC | 69088000 | 1600000 | 2025-08-14 | 10806X102 | 3 | 5.15 | 50.38 | 8,904,651,776.00 | 149992720 | 51.47% | 2019-06-27 09:30:00 | 25.10 | -20.00% | Decreased |
| 1 | PRAX | PRAXIS PRECISION MEDICINES I | 68331250 | 1625000 | 2025-08-14 | 74006W207 | 4 | 5.09 | 49.05 | 973,999,616.00 | 16156004 | 31.43% | 2020-10-16 09:30:00 | 15.20 | -6.88% | Decreased |
| 2 | ACLX | ARCELLX INC | 52680000 | 800000 | 2025-08-14 | 03940C100 | 8 | 3.92 | 71.03 | 3,832,209,920.00 | 33083459 | 21.94% | 2022-02-04 09:30:00 | 32.30 | -23.81% | Decreased |
| 3 | NAMS | NEWAMSTERDAM PHARMA COMPANY | 39389250 | 2175000 | 2025-08-14 | N62509109 | 9 | 2.93 | 25.76 | 2,585,938,688.00 | 55074190 | 37.39% | 2021-02-09 09:30:00 | 2.90 | -23.01% | Decreased |
| 4 | JANX | JANUX THERAPEUTICS INC | 34650000 | 1500000 | 2025-08-14 | 47103J105 | 10 | 2.58 | 24.96 | 1,435,943,808.00 | 37982370 | -1.46% | 2021-06-11 09:30:00 | 121.30 | -25.00% | Decreased |
| 5 | CNTA | CENTESSA PHARMACEUTICALS PLC | 27417924 | 2086600 | 2025-08-14 | 152309100 | 15 | 2.04 | 17.14 | 2,251,480,320.00 | 85944932 | 37.56% | 2021-05-28 09:30:00 | 10.50 | -7.74% | Decreased |
| 6 | PHVS | PHARVARIS N V | 25602016 | 1454660 | 2025-08-14 | N69605108 | 16 | 1.91 | 21.43 | 1,334,918,656.00 | 36940901 | 33.02% | 2021-02-05 09:30:00 | 13.90 | -0.80% | Decreased |
| 7 | SPRY | ARS PHARMACEUTICALS INC | 19195000 | 1100000 | 2025-08-14 | 82835W108 | 18 | 1.43 | 15.82 | 1,608,738,688.00 | 54657811 | 18.50% | 2020-12-04 09:30:00 | 15.80 | -31.25% | Decreased |
| 8 | CGON | CG ONCOLOGY INC | 16250000 | 625000 | 2025-08-14 | 156944100 | 21 | 1.21 | 26.49 | 1,844,429,440.00 | 61149035 | 9.55% | 2024-01-25 09:30:00 | 69.30 | -19.35% | Decreased |
| 9 | ARQT | ARCUTIS BIOTHERAPEUTICS INC | 14020000 | 1000000 | 2025-08-14 | 03969K108 | 22 | 1.04 | 15.63 | 1,770,996,864.00 | 86337651 | 13.10% | 2020-01-31 09:30:00 | 57.20 | -25.93% | Decreased |
| 10 | TARS | TARSUS PHARMACEUTICALS INC | 12153000 | 300000 | 2025-08-14 | 87650L103 | 24 | 0.91 | 52.72 | 2,034,719,616.00 | 30451568 | 27.16% | 2020-10-16 09:30:00 | 36.20 | -25.00% | Decreased |
| 11 | CRNX | CRINETICS PHARMACEUTICALS IN | 11504000 | 400000 | 2025-08-14 | 22663K107 | 25 | 0.86 | 30.09 | 2,661,413,888.00 | 92774655 | -2.78% | 2018-07-18 09:30:00 | 38.80 | -33.33% | Decreased |
| 12 | AXSM | AXSOME THERAPEUTICS INC | 10439000 | 100000 | 2025-08-14 | 05464T104 | 28 | 0.78 | 109.39 | 5,229,677,568.00 | 38950107 | 3.52% | 2015-11-19 09:30:00 | 26.60 | -60.00% | Decreased |
| 13 | BIOA | BIOAGE LABS INC | 8840699 | 2140605 | 2025-08-14 | 09077V100 | 29 | 0.66 | 4.56 | 155,230,496.00 | 23819840 | 14.29% | 2024-09-26 09:30:00 | 49.60 | -18.59% | Decreased |
| 14 | RNA | AVIDITY BIOSCIENCES INC | 5680000 | 200000 | 2025-08-14 | 05370A108 | 37 | 0.42 | 46.15 | 5,889,734,144.00 | 97245198 | 54.45% | 2020-06-12 09:30:00 | 16 | -50.00% | Decreased |
| 15 | ELVN | ENLIVEN THERAPEUTICS INC | 4012000 | 200000 | 2025-08-14 | 29337E102 | 38 | 0.30 | 19.99 | 1,088,369,280.00 | 30419505 | -0.22% | 2020-03-12 09:30:00 | 31.50 | -20.00% | Decreased |
------------------------------------------------------------ ------------------------------------------------------------ Cormorant Unchanged Positions
| SYMBOL | NAME_OF_ISSUER | VALUE | SHARES | DATE | CUSIP | RANK | PERCENT | Price | Mkt. Cap | Float | 3 Month Percentage Change | First Traded | Months to 0$ | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | MLTX | MOONLAKE IMMUNOTHERAPEUTICS | 400923927 | 8494151 | 2025-08-14 | 61559X104 | 1 | 29.86 | 55.65 | 3,295,087,616.00 | 28351471 | 44.40% | 2020-10-20 09:30:00 | 22 |
| 1 | EYPT | EYEPOINT PHARMACEUTICALS INC | 78338250 | 8325000 | 2025-08-14 | 30233G209 | 2 | 5.84 | 11.01 | 692,933,760.00 | 43802346 | 86.29% | 2005-01-27 09:30:00 | 13.60 |
| 2 | RAPP | RAPPORT THERAPEUTICS INC | 33438272 | 2940921 | 2025-08-14 | 75383L102 | 11 | 2.49 | 15.60 | 521,190,016.00 | 14951373 | 56.16% | 2024-06-07 09:30:00 | 29.60 |
| 3 | HLXB | HELIX ACQUISITION CORP II | 30893580 | 2909000 | 2025-08-14 | G4444H101 | 13 | 2.30 | NaN | NaN | NaN | NaN | NaN | NaN |
| 4 | DRUG | BRIGHT MINDS BIOSCIENCES INC | 27659132 | 1059331 | 2025-08-14 | 10919W405 | 14 | 2.06 | 40.54 | 288,117,344.00 | 2983319 | 24.33% | 2021-03-22 09:30:00 | 64.30 |
| 5 | GHRS | GH RESEARCH PLC | 24495586 | 2009482 | 2025-08-14 | G3855L106 | 17 | 1.82 | 12.56 | 750,555,776.00 | 19711258 | 24.85% | 2021-06-25 09:30:00 | 97.30 |
| 6 | CRBP | CORBUS PHARMACEUTICALS HLDGS | 16387500 | 2375000 | 2025-08-14 | 21833P301 | 19 | 1.22 | 9.59 | 103,156,224.00 | 7534659 | 32.09% | 2014-10-27 09:30:00 | 19.70 |
| 7 | ABVX | ABIVAX SA | 16294500 | 2130000 | 2025-08-14 | 00370M103 | 20 | 1.21 | 69.89 | 5,324,247,040.00 | 30219034 | 1057.12% | 2023-10-20 09:30:00 | 4.90 |
| 8 | CRGX | CARGO THERAPEUTICS INC | 13930861 | 3381277 | 2025-08-14 | 14179K101 | 23 | 1.04 | 4.46 | 217,155,696.00 | 26146714 | 12.34% | 2023-11-10 09:30:00 | 8.30 |
| 9 | MTSR | METSERA INC | 11380000 | 400000 | 2025-08-14 | 59267L107 | 26 | 0.85 | 30.87 | NaN | None | 18.28% | None | None |
| 10 | AARD | AARDVARK THERAPEUTICS INC | 10818555 | 800189 | 2025-08-14 | 002942100 | 27 | 0.81 | 11.20 | NaN | None | 10.45% | None | None |
| 11 | ENGN | ENGENE HOLDINGS INC | 8457886 | 2323595 | 2025-08-14 | 29286M105 | 30 | 0.63 | 3.62 | 191,833,584.00 | 26039122 | 25.69% | 2022-02-01 09:30:00 | 24.90 |
| 12 | MBX | MBX BIOSCIENCES INC | 7987000 | 700000 | 2025-08-14 | 55287L101 | 31 | 0.59 | 12.95 | 398,759,584.00 | 13679422 | 26.10% | 2024-09-13 09:30:00 | 35.70 |
| 13 | ALMS | ALUMIS INC | 6442188 | 2147396 | 2025-08-14 | 022307102 | 33 | 0.48 | 4.42 | 447,840,288.00 | 34272228 | -0.90% | 2024-06-28 09:30:00 | 3.90 |
| 14 | BMEA | BIOMEA FUSION INC | 6427570 | 3570872 | 2025-08-14 | 09077A106 | 34 | 0.48 | 1.72 | 91,643,088.00 | 46217291 | 5.52% | 2021-04-16 09:30:00 | 7.40 |
| 15 | PCVX | VAXCYTE INC | 5689250 | 175000 | 2025-08-14 | 92243G108 | 36 | 0.42 | 31.55 | 3,884,304,128.00 | 116661863 | 4.99% | 2020-06-12 09:30:00 | 36.70 |
| 16 | STOK | STOKE THERAPEUTICS INC | 2884727 | 254161 | 2025-08-14 | 86150R107 | 39 | 0.21 | 16.91 | 718,495,168.00 | 37811100 | 89.36% | 2019-06-19 09:30:00 | -12.50 |
| 17 | KALA | KALA BIO INC | 2870409 | 603027 | 2025-08-14 | 483119202 | 40 | 0.21 | 7.87 | 47,747,760.00 | 3685223 | 126.15% | 2017-07-20 09:30:00 | 10.90 |
| 18 | BHVN | BIOHAVEN LTD | 141100 | 10000 | 2025-08-14 | G1110E107 | 42 | 0.01 | 14.39 | 1,369,335,296.00 | 87748655 | -26.24% | 2022-09-23 09:30:00 | 1.40 |
------------------------------------------------------------ ------------------------------------------------------------ Cormorant 13F positions: New: $CABA, $VRNA, $VYNE Increased: $EWTX, $INSM, $KRRO, $MRUS Closed: $OKUR, $PLRX, $RYTM Decreased: $ACLX, $ARQT, $AXSM, $BBIO, $BIOA, $CGON, $CNTA, $CRNX, $ELVN, $JANX, $NAMS, $PHVS, $PRAX, $RNA, $SPRY, $TARS Unchanged: $AARD, $ABVX, $ALMS, $BHVN, $BMEA, $CRBP, $CRGX, $DRUG, $ENGN, $EYPT, $GHRS, $HLXB, $KALA, $MBX, $MLTX, $MTSR, $PCVX, $RAPP, $STOK
End of Report - 2025-08-14 15:51:44