Soleus Capital Management, L.P.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Soleus Capital Management, L.P. maintained a portfolio of 120 distinct positions. The most significant new addition to the portfolio was DEXCOM INC, which now represents 3.18% of the total fund value. They heavily accumulated shares in SPDR SERIES TRUST, increasing their position by 152.2%. Conversely, Soleus Capital Management, L.P. completely exited their position in ELEVANCE HEALTH INC .
PCA Score Concentration Risk
Risk ENB
Total Positions
120
Quarter
2025 Q4
Top Holding
XBI (13.0%)
Top 10 Concentration
51.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 120
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
XBI
SPDR SERIES TRU...
PUT
PUT Option 13.04% 5.80% #1 3
Prev: #4
7.5 1,750,000 152.2%
P
S
2,900,000 $353,597,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KRYS
KRYSTAL BIOTECH...
Healthcare 8.56% 9.05% #2 1
Prev: #1
3.4 -77,772 -7.6%
P
S
941,059 $232,008,686 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CELC
CELCUITY INC
Healthcare 6.65% 2.93% #3 6
Prev: #9
4.8 629,398 53.4%
P
S
1,808,258 $180,355,653 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NVCR
NOVOCURE LTD
Healthcare 4.07% 6.27% #4 1
Prev: #3
1.7 -1,114,207 -11.6%
P
S
8,530,665 $110,301,498 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PRAX
PRAXIS PRECISIO...
Healthcare 3.95% 2.29% #5 11
Prev: #16
1.8 -496,200 -57.8%
P
S
362,966 $106,980,599 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TGTX
TG THERAPEUTICS...
Healthcare 3.45% 6.99% #6 4
Prev: #2
1.4 -705,419 -18.3%
P
S
3,139,312 $93,582,891 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DXCM
DEXCOM INC
Healthcare 3.18% #7
Prev: #—
3.3 1,297,094 no change
NEW
1,297,094 $86,088,129 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BMRN
BIOMARIN PHARMA...
Healthcare 2.89% 2.43% #8 6
Prev: #14
3.3 429,696 48.3%
P
S
1,320,000 $78,447,600 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GMED
GLOBUS MED INC
Healthcare 2.86% 0.51% #9 37
Prev: #46
3.4 711,000 404.0%
P
S
887,000 $77,443,970 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BBNX
BETA BIONICS IN...
Healthcare 2.85% 3.87% #10 4
Prev: #6
1.2 -1,335,593 -34.5%
P
S
2,534,565 $77,228,196 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FOLD
AMICUS THERAPEU...
Healthcare 2.74% 1.86% #11 6
Prev: #17
3.1 517,284 11.0%
P
S
5,207,284 $74,151,724 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TWST
TWIST BIOSCIENC...
Healthcare 2.18% 2.64% #12 1
Prev: #11
0.9 -4,432 -0.2%
P
S
1,861,802 $59,056,359 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ORGO
ORGANOGENESIS H...
Healthcare 1.91% 2.58% #13
Prev: #13
0.8 -2,145,748 -17.7%
P
S
9,985,951 $51,727,226 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SNDX
SYNDAX PHARMACE...
Healthcare 1.74% 1.56% #14 7
Prev: #21
2.7 235,000 11.7%
P
S
2,247,110 $47,211,781 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MIRM
MIRUM PHARMACEU...
Healthcare 1.67% 0.55% #15 28
Prev: #43
3.0 424,918 285.8%
P
S
573,614 $45,309,770 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PODD
INSULET CORP
Healthcare 1.57% #16
Prev: #—
2.6 150,000 no change
NEW
150,000 $42,636,000 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NPCE
NEUROPACE INC
Healthcare 1.54% 1.54% #17 6
Prev: #23
0.6 -254,749 -8.6%
P
S
2,703,208 $41,737,532 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AXGN
AXOGEN INC
Healthcare 1.46% 1.55% #18 4
Prev: #22
0.7 -519,698 -30.1%
P
S
1,206,855 $39,500,364 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ANIP
ANI PHARMACEUTI...
Healthcare 1.42% 1.57% #19 1
Prev: #20
2.7 146,000 42.9%
P
S
486,243 $38,384,022 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ALKS
ALKERMES PLC
Healthcare 1.36% #20
Prev: #—
2.5 1,322,364 no change
NEW
1,322,364 $36,999,745 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LIVN
LIVANOVA PLC
Healthcare 1.29% #21
Prev: #—
2.5 567,500 no change
NEW
567,500 $34,918,275 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GSK
GSK PLC
Healthcare 1.16% 0.48% #22 25
Prev: #47
2.8 419,000 190.5%
P
S
639,000 $31,336,560 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GERN
GERON CORP
Healthcare 1.13% 1.19% #23 2
Prev: #25
2.6 6,000,000 34.7%
P
S
23,290,000 $30,742,800 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
UTHR
UNITED THERAPEU...
Healthcare 1.08% 3.17% #24 17
Prev: #7
0.6 -90,000 -60.0%
P
S
60,000 $29,235,000 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IMVT
IMMUNOVANT INC
Healthcare 1.04% #25
Prev: #—
2.4 1,110,000 no change
NEW
1,110,000 $28,216,200 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ELV
ELEVANCE HEALTH...
Healthcare 0.00% 4.22%
Sold All 😨
(Was: #5)
0.3 -259,650 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GRFS
GRIFOLS S A
Healthcare 0.00% 1.25%
Sold All 😨
(Was: #24)
0.3 -2,500,000 -100.0%
CLOSED
$— 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IART
INTEGRA LIFESCI...
Healthcare 0.00% 1.04%
Sold All 😨
(Was: #27)
0.3 -1,440,818 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
QURE
UNIQURE NV
Healthcare 0.00% 0.59%
Sold All 😨
(Was: #41)
0.3 -200,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ADMA
ADMA BIOLOGICS ...
Healthcare 0.00% 0.54%
Sold All 😨
(Was: #44)
0.3 -738,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VSTM
VERASTEM INC
Healthcare 0.00% 0.42%
Sold All 😨
(Was: #50)
0.3 -935,909 -100.0%
CLOSED
$— 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NUVL
NUVALENT INC
Healthcare 0.00% 0.38%
Sold All 😨
(Was: #52)
0.3 -88,000 -100.0%
CLOSED
$— 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ESTA
ESTABLISHMENT L...
Healthcare 0.00% 0.29%
Sold All 😨
(Was: #58)
0.3 -139,512 -100.0%
CLOSED
$— 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ETON
ETON PHARMACEUT...
Healthcare 0.00% 0.22%
Sold All 😨
(Was: #61)
0.3 -200,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CBLL
CERIBELL INC
Healthcare 0.00% 0.21%
Sold All 😨
(Was: #62)
0.3 -360,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HROW
HARROW INC
Healthcare 0.00% 0.21%
Sold All 😨
(Was: #63)
0.3 -85,498 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AKRO
AKERO THERAPEUT...
Healthcare 0.00% 0.17%
Sold All 😨
(Was: #67)
0.3 -71,000 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IDYA
IDEAYA BIOSCIEN...
Healthcare 0.00% 0.14%
Sold All 😨
(Was: #68)
0.3 -100,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CRESCENT BIOPHA...
Unknown 0.00% 0.12%
Sold All 😨
(Was: #70)
0.3 -200,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
RAPP
RAPPORT THERAPE...
Healthcare 0.00% 0.12%
Sold All 😨
(Was: #71)
0.3 -80,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IOVA
IOVANCE BIOTHER...
Healthcare 0.00% 0.11%
Sold All 😨
(Was: #73)
0.3 -976,707 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VTGN
VISTAGEN THERAP...
Healthcare 0.00% 0.10%
Sold All 😨
(Was: #75)
0.3 -550,000 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MNKD
MANNKIND CORP
Healthcare 0.00% 0.08%
Sold All 😨
(Was: #76)
0.3 -300,000 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IMUX
IMMUNIC INC
Healthcare 0.00% 0.07%
Sold All 😨
(Was: #77)
0.3 -1,580,007 -100.0%
CLOSED
$— 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ADVM
ADVERUM BIOTECH...
Healthcare 0.00% 0.07%
Sold All 😨
(Was: #78)
0.3 -287,246 -100.0%
CLOSED
$— 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LQDA
LIQUIDIA CORPOR...
Healthcare 0.00% 0.06%
Sold All 😨
(Was: #79)
0.3 -50,000 -100.0%
CLOSED
$— 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EPIX
ESSA PHARMA INC
Unknown 0.00% 0.04%
Sold All 😨
(Was: #80)
0.3 -4,362,026 -100.0%
CLOSED
$— 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MYO
MYOMO INC
Healthcare 0.00% 0.03%
Sold All 😨
(Was: #81)
0.3 -704,275 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MREO
MEREO BIOPHARMA...
Healthcare 0.00% 0.03%
Sold All 😨
(Was: #82)
0.3 -299,711 -100.0%
CLOSED
$— 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TECX
TECTONIC THERAP...
Healthcare 0.00% 0.02%
Sold All 😨
(Was: #83)
0.3 -25,000 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 120 holdings

Unlock Full Soleus Capital Management, L.P. Analysis

PRO subscribers get access to all historical quarters, Excel/CSV exports, Portfolio Concentration Analytics (PCA), and Risk-Based ENB.

Full Historical Quarters
Excel & CSV Export
PCA & Risk-Based ENB
Auto Cost Basis
Position Change Alerts
Price-Held Analytics