Propel Bio Management, LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Propel Bio Management, LLC maintained a portfolio of 24 distinct positions. The most significant new addition to the portfolio was KYVERNA THERAPEUTICS, which now represents 5.35% of the total fund value. They heavily accumulated shares in PHATHOM PHARMACEUTIC, increasing their position by 34.0%. Conversely, Propel Bio Management, LLC completely exited their position in AKERO THERAPEUTICS I.
PCA Score Concentration Risk
Risk ENB
Total Positions
24
Quarter
2025 Q4
Top Holding
PAGP (20.8%)
Top 10 Concentration
83.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-24 of 24
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
PAGP
PLAINS GP HLDGS...
Bond/Debt 20.79% 23.23% #1
Prev: #1
8.3 no change no change
P
S
1,272,360 $24,352,970 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ACHV
ACHIEVE LIFE SC...
Healthcare 16.07% 11.94% #2
Prev: #2
6.4 no change no change
P
S
3,786,425 $18,818,532 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PHAT
PHATHOM PHARMAC...
Healthcare 10.49% 6.51% #3 3
Prev: #6
6.3 187,991 34.0%
P
S
740,918 $12,291,830 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VRDN
VIRIDIAN THERAP...
Healthcare 7.51% 1.94% #4 11
Prev: #15
5.3 192,531 213.9%
P
S
282,531 $8,792,365 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MIST
MILESTONE PHARM...
Healthcare 7.10% 10.26% #5 1
Prev: #4
2.9 -1,006,569 -19.6%
P
S
4,118,321 $8,319,008 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KYTX
KYVERNA THERAPE...
Healthcare 5.35% #6
Prev: #—
4.1 666,666 no change
NEW
666,666 $6,266,660 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CMPS
COMPASS PATHWAY...
Healthcare 5.08% 2.93% #7 4
Prev: #11
4.2 351,778 69.0%
P
S
861,778 $5,946,268 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IVA
INVENTIVA SA - ...
Healthcare 3.97% #8
Prev: #—
3.6 1,000,000 no change
NEW
1,000,000 $4,650,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DCTH
DELCATH SYSTEMS...
Healthcare 3.78% 4.72% #9 1
Prev: #8
1.5 no change no change
P
S
438,509 $4,428,941 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ABEO
ABEONA THERAPEU...
Healthcare 3.74% 5.15% #10 3
Prev: #7
1.5 -143,242 -14.7%
P
S
830,780 $4,378,211 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CLDX
CELLDEX THERAPE...
Healthcare 3.58% 4.01% #11 2
Prev: #9
1.4 -700 -0.5%
P
S
154,300 $4,190,788 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NKTR
NEKTAR THERAPEU...
Healthcare 2.99% 2.79% #12
Prev: #12
3.4 33,822 69.0%
P
S
82,822 $3,501,714 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
OCS
OCULIS HOLDING ...
Healthcare 2.95% #13
Prev: #—
3.2 172,839 no change
NEW
172,839 $3,451,595 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SABS
SAB BIOTHERAPEU...
Healthcare 2.08% #14
Prev: #—
2.8 652,881 no change
NEW
652,881 $2,441,775 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RGNX
REGENXBIO INC
Healthcare 1.44% #15
Prev: #—
2.6 116,896 no change
NEW
116,896 $1,683,302 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LONA
ATHIRA PHARMA I...
Healthcare 0.96% 0.62% #16
Prev: #16
0.4 no change no change
P
S
149,279 $1,130,042 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LENZ
LENZ THERAPEUTI...
Healthcare 0.81% #17
Prev: #—
2.3 59,085 no change
NEW
59,085 $945,360 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AARD
AARDVARK THERAP...
Healthcare 0.52% #18
Prev: #—
2.2 46,408 no change
NEW
46,408 $609,105 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ZVRA
ZEVRA THERAPEUT...
Healthcare 0.49% 2.21% #19 5
Prev: #14
0.4 -168,191 -72.5%
P
S
63,683 $570,600 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KLRS
KALARIS THERAPE...
Healthcare 0.30% #20
Prev: #—
2.1 42,053 no change
NEW
42,053 $354,927 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AKRO
AKERO THERAPEUT...
Healthcare 0.00% 10.88%
Sold All 😨
(Was: #3)
0.3 -228,884 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
APLT
APPLIED THERAPE...
Healthcare 0.00% 6.83%
Sold All 😨
(Was: #5)
0.3 -11,285,420 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TCRX
TSCAN THERAPEUT...
Healthcare 0.00% 3.52%
Sold All 😨
(Was: #10)
0.3 -1,932,304 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
JSPR
JASPER THERAPEU...
Healthcare 0.00% 2.45%
Sold All 😨
(Was: #13)
0.3 -1,028,806 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-24 of 24 holdings

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