ARMISTICE CAPITAL, LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, ARMISTICE CAPITAL, LLC maintained a portfolio of 510 distinct positions. The most significant new addition to the portfolio was KENVUE INC, which now represents 0.82% of the total fund value. They heavily accumulated shares in SPDR S&P 500 ETF TR, increasing their position by 20.0%. The fund also reduced its exposure to TRAVERE THERAPEUTICS by 44.0%.
PCA Score Concentration Risk
Risk ENB
Total Positions
510
Quarter
2025 Q4
Top Holding
SPY (24.3%)
Top 10 Concentration
61.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 510
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
SPY
SPDR S&P 500 ET...
PUT
PUT Option 24.34% 24.71% #1 1
Prev: #2
8.5 500,000 20.0%
P
S
3,000,000 $2,045,760,000 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IWM
ISHARES TR
PUT
PUT Option 23.72% 25.12% #2 1
Prev: #1
7.5 1,100,000 15.7%
P
S
8,100,000 $1,993,896,000 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PTCT
PTC THERAPEUTIC...
Healthcare 2.53% 2.98% #3
Prev: #3
2.5 -475,403 -14.5%
P
S
2,801,869 $212,829,969 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MDGL
MADRIGAL PHARMA...
Healthcare 1.84% 0.82% #4 14
Prev: #18
4.2 145,723 121.5%
P
S
265,705 $154,730,650 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IMVT
IMMUNOVANT INC
Healthcare 1.74% 1.40% #5 3
Prev: #8
1.7 -88,845 -1.5%
P
S
5,747,155 $146,092,680 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TVTX
TRAVERE THERAPE...
Healthcare 1.71% 2.38% #6 2
Prev: #4
0.7 -2,960,109 -44.0%
P
S
3,763,891 $143,818,275 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SUPN
SUPERNUS PHARMA...
Healthcare 1.63% 2.01% #7 2
Prev: #5
1.2 -72,000 -2.5%
P
S
2,764,000 $137,370,800 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NBIX
NEUROCRINE BIOS...
Healthcare 1.38% 1.45% #8 1
Prev: #7
2.6 123,218 17.7%
P
S
820,240 $116,334,639 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
INCY
INCYTE CORP
Healthcare 1.29% 1.47% #9 3
Prev: #6
1.0 -69,329 -5.9%
P
S
1,098,102 $108,459,535 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CYTK
CYTOKINETICS IN...
CALL
CALL Option 1.13% 0.77% #10 9
Prev: #19
3.5 550,000 57.9%
P
S
1,500,000 $95,310,000 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 1.01% 1.01% #11 1
Prev: #12
2.4 58,233 18.8%
P
S
367,633 $84,857,049 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XRAY
DENTSPLY SIRONA...
Healthcare 0.99% 1.08% #12 3
Prev: #9
2.9 1,562,000 27.2%
P
S
7,298,000 $83,416,140 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AGIO
AGIOS PHARMACEU...
Healthcare 0.98% 0.45% #13 18
Prev: #31
3.4 2,272,000 297.4%
P
S
3,036,000 $82,639,920 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AGIO
AGIOS PHARMACEU...
CALL
CALL Option 0.97% 0.54% #14 14
Prev: #28
3.4 2,100,000 233.3%
P
S
3,000,000 $81,660,000 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FRPT
FRESHPET INC
Consumer Defensive 0.94% 1.01% #15 4
Prev: #11
0.9 61,198 5.0%
P
S
1,296,000 $78,965,280 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KVUE
KENVUE INC
Consumer Defensive 0.82% #16
Prev: #—
3.8 3,992,196 no change
NEW
3,992,196 $68,865,381 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GEHC
GE HEALTHCARE T...
Healthcare 0.77% 0.89% #17 3
Prev: #14
0.8 -3,053 -0.4%
P
S
792,000 $64,959,840 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
REGN
REGENERON PHARM...
Healthcare 0.77% 1.04% #18 8
Prev: #10
0.3 -41,206 -32.9%
P
S
84,000 $64,837,080 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DYN
DYNE THERAPEUTI...
Healthcare 0.76% 0.57% #19 8
Prev: #27
2.3 185,708 6.1%
P
S
3,249,708 $63,564,288 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CYTK
CYTOKINETICS IN...
Healthcare 0.75% 0.98% #20 7
Prev: #13
0.8 -204,102 -17.1%
P
S
992,766 $63,080,352 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 0.73% 0.83% #21 4
Prev: #17
0.8 -34,261 -14.9%
P
S
196,420 $61,479,460 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 0.68% 0.67% #22 1
Prev: #21
2.8 31,092 35.6%
P
S
118,337 $57,230,140 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IRWD
IRONWOOD PHARMA...
Healthcare 0.64% 0.31% #23 26
Prev: #49
0.8 -125,000 -0.8%
P
S
16,025,000 $54,004,250 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KURA
KURA ONCOLOGY I...
Healthcare 0.61% 0.61% #24
Prev: #24
2.2 264,000 5.7%
P
S
4,936,000 $51,285,040 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ELF
E L F BEAUTY IN...
Consumer Defensive 0.60% 0.26% #25 37
Prev: #62
3.2 525,018 394.9%
P
S
657,983 $50,033,027 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GSK
GSK PLC
Healthcare 0.58% #26
Prev: #—
3.7 1,000,000 no change
NEW
1,000,000 $49,040,000 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ARGX
ARGENX SE
Healthcare 0.58% 0.63% #27 5
Prev: #22
1.2 no change no change
P
S
58,000 $48,775,100 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
S
SENTINELONE INC
CALL
CALL Option 0.57% 0.37% #28 15
Prev: #43
3.2 1,800,000 128.6%
P
S
3,200,000 $48,000,000 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 0.56% 0.41% #29 10
Prev: #39
3.2 163,100 104.6%
P
S
319,100 $46,773,678 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SBUX
STARBUCKS CORP
Consumer Cyclical 0.55% 0.45% #30 2
Prev: #32
3.2 193,698 54.4%
P
S
549,805 $46,299,079 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PENN
PENN ENTERTAINM...
Consumer Cyclical 0.54% 0.60% #31 5
Prev: #26
2.7 992,334 47.2%
P
S
3,096,000 $45,666,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
OFIX
ORTHOFIX MED IN...
Healthcare 0.48% 0.49% #32 2
Prev: #30
2.2 412,000 18.4%
P
S
2,648,000 $40,143,680 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FIVN
FIVE9 INC
Technology 0.48% 0.72% #33 13
Prev: #20
1.2 no change no change
P
S
2,000,000 $40,100,000 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IRON
DISC MEDICINE I...
Healthcare 0.47% 0.43% #34 3
Prev: #37
2.2 63,391 14.5%
P
S
499,391 $39,656,639 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IMCR
IMMUNOCORE HLDG...
Healthcare 0.45% 0.44% #35 2
Prev: #33
2.7 274,000 33.3%
P
S
1,098,000 $38,111,580 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TMO
THERMO FISHER S...
Healthcare 0.43% 0.40% #36 4
Prev: #40
2.2 7,822 14.2%
P
S
62,838 $36,411,479 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
S
SENTINELONE INC
Technology 0.43% 0.29% #37 16
Prev: #53
3.2 1,311,019 118.0%
P
S
2,422,219 $36,333,285 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FIVN
FIVE9 INC
CALL
CALL Option 0.43% 0.23% #38 30
Prev: #68
3.2 1,150,000 176.9%
P
S
1,800,000 $36,090,000 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AVNS
AVANOS MED INC
Healthcare 0.43% 0.43% #39 4
Prev: #35
2.7 700,000 28.0%
P
S
3,200,000 $35,936,000 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RIGL
RIGEL PHARMACEU...
Healthcare 0.43% 0.30% #40 11
Prev: #51
2.2 112,000 15.5%
P
S
836,000 $35,805,880 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AUTL
AUTOLUS THERAPE...
Healthcare 0.41% 0.38% #41
Prev: #41
2.2 1,900,000 12.2%
P
S
17,500,000 $34,825,000 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ISRG
INTUITIVE SURGI...
Healthcare 0.41% 0.27% #42 16
Prev: #58
2.7 20,073 49.0%
P
S
61,073 $34,589,304 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DDOG
DATADOG INC
Technology 0.40% 0.43% #43 5
Prev: #38
2.7 42,476 21.0%
P
S
244,537 $33,254,587 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VERA
VERA THERAPEUTI...
Healthcare 0.39% 0.23% #44 26
Prev: #70
2.7 117,796 22.0%
P
S
653,796 $33,108,229 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SNY
SANOFI SA
Healthcare 0.39% 0.43% #45 9
Prev: #36
2.2 64,000 10.5%
P
S
676,000 $32,758,960 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GTLB
GITLAB INC
Technology 0.38% 0.25% #46 18
Prev: #64
3.2 482,067 127.9%
P
S
858,925 $32,235,455 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AXGN
AXOGEN INC
Healthcare 0.36% 0.32% #47 1
Prev: #48
0.1 -264,000 -22.0%
P
S
936,000 $30,635,280 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ANRO
ALTO NEUROSCIEN...
Healthcare 0.33% 0.10% #48 52
Prev: #100
0.6 -100,000 -6.1%
P
S
1,536,000 $27,340,800 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VSTM
VERASTEM INC
Healthcare 0.32% 0.27% #49 7
Prev: #56
3.1 1,440,000 68.7%
P
S
3,536,000 $27,297,920 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HUBS
HUBSPOT INC
Technology 0.32% 0.31% #50
Prev: #50
3.1 22,982 51.1%
P
S
68,000 $27,288,400 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 510 holdings

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