Vestal Point Capital, LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Vestal Point Capital, LP maintained a portfolio of 105 distinct positions. The most significant new addition to the portfolio was Invesco QQQ Trust Se, which now represents 7.31% of the total fund value. They heavily accumulated shares in Abivax SA, increasing their position by 90.0%. Conversely, Vestal Point Capital, LP completely exited their position in Amicus Therapeutics .
PCA Score Concentration Risk
Risk ENB
Total Positions
105
Quarter
2025 Q4
Top Holding
ABVX (8.7%)
Top 10 Concentration
50.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 105
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
ABVX
Abivax SA
Healthcare 8.71% 3.83% #1 3
Prev: #4
8.5 900,000 90.0%
P
S
1,900,000 $256,224,500 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
QQQ
Invesco QQQ Tru...
PUT
PUT Option 7.31% #2
Prev: #—
7.9 350,000 no change
NEW
350,000 $215,008,500 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ACLX
Arcellx Inc
Healthcare 6.48% 4.63% #3 1
Prev: #2
6.6 1,675,000 134.0%
P
S
2,925,000 $190,710,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TERN
Terns Pharmaceu...
Healthcare 6.18% #4
Prev: #—
6.5 4,500,000 no change
NEW
4,500,000 $181,800,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BMRN
BioMarin Pharma...
Healthcare 6.06% 2.03% #5 11
Prev: #16
5.9 2,170,000 261.4%
P
S
3,000,000 $178,290,000 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GMED
Globus Medical ...
Healthcare 3.78% 3.23% #6 2
Prev: #8
2.0 25,000 2.0%
P
S
1,275,000 $111,320,250 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NRIX
Nurix Therapeut...
Healthcare 3.02% 1.45% #7 20
Prev: #27
3.7 1,215,000 35.0%
P
S
4,690,000 $88,969,300 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ALC
Alcon AG
Healthcare 2.96% 3.70% #8 3
Prev: #5
1.7 5,000 0.5%
P
S
1,105,000 $87,085,050 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DXCM
Dexcom Inc
Healthcare 2.88% 1.98% #9 9
Prev: #18
4.2 625,000 96.2%
P
S
1,275,000 $84,621,750 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MRK
Merck & Co Inc
Healthcare 2.77% #10
Prev: #—
4.6 775,000 no change
NEW
775,000 $81,576,500 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TSHA
Taysha Gene The...
Healthcare 2.57% 0.81% #11 33
Prev: #44
4.0 8,250,000 150.0%
P
S
13,750,000 $75,625,000 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ABT
Abbott Laborato...
Healthcare 2.56% 1.51% #12 13
Prev: #25
4.0 350,000 140.0%
P
S
600,000 $75,174,000 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IMTX
Immatics NV
Healthcare 2.19% 2.44% #13
Prev: #13
1.4 -225,000 -3.5%
P
S
6,125,000 $64,312,500 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TYRA
Tyra Bioscience...
Healthcare 2.17% 1.53% #14 10
Prev: #24
1.9 no change no change
P
S
2,425,000 $63,753,250 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BCAX
Bicara Therapeu...
Healthcare 2.05% 3.64% #15 9
Prev: #6
0.8 -1,525,000 -29.9%
P
S
3,575,000 $60,167,250 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ARWR
Arrowhead Pharm...
Healthcare 2.03% #16
Prev: #—
4.3 900,000 no change
NEW
900,000 $59,751,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ELVN
Enliven Therape...
Healthcare 2.01% 1.07% #17 17
Prev: #34
3.8 2,670,000 230.2%
P
S
3,830,000 $58,982,000 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IRON
Disc Medicine I...
Healthcare 1.98% 1.49% #18 8
Prev: #26
3.3 235,000 47.0%
P
S
735,000 $58,366,350 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
JAZZ
Jazz Pharmaceut...
Healthcare 1.68% 2.98% #19 9
Prev: #10
0.7 -210,000 -42.0%
P
S
290,000 $49,300,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DAWN
Day One Biophar...
Healthcare 1.65% 0.85% #20 21
Prev: #41
3.7 2,525,000 94.4%
P
S
5,200,000 $48,464,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LXEO
Lexeo Therapeut...
Healthcare 1.51% 0.97% #21 18
Prev: #39
3.1 1,225,000 37.7%
P
S
4,475,000 $44,436,750 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ANRO
Alto Neuroscien...
Healthcare 1.50% 0.17% #22 47
Prev: #69
3.6 1,535,000 161.6%
P
S
2,485,000 $44,233,000 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
APGE
Apogee Therapeu...
Healthcare 1.41% 0.76% #23 22
Prev: #45
3.1 125,000 29.4%
P
S
550,000 $41,514,000 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
OLMA
Olema Pharmaceu...
Healthcare 1.40% #24
Prev: #—
4.1 1,650,000 no change
NEW
1,650,000 $41,250,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AXSM
Axsome Therapeu...
Healthcare 1.30% 0.82% #25 18
Prev: #43
3.0 60,000 40.0%
P
S
210,000 $38,354,400 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FOLD
Amicus Therapeu...
Healthcare 0.00% 3.47%
Sold All 😨
(Was: #7)
0.0 -9,750,000 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IONS
Ionis Pharmaceu...
Healthcare 0.00% 3.18%
Sold All 😨
(Was: #9)
0.0 -1,075,000 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BDX
Becton Dickinso...
Healthcare 0.00% 2.75%
Sold All 😨
(Was: #11)
0.0 -325,000 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DNTH
Dianthus Therap...
Healthcare 0.00% 2.10%
Sold All 😨
(Was: #15)
0.0 -1,180,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CYTK
Cytokinetics In...
Healthcare 0.00% 1.80%
Sold All 😨
(Was: #19)
0.0 -725,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BIIB
Biogen Inc
Healthcare 0.00% 1.74%
Sold All 😨
(Was: #20)
0.0 -275,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CDTX
Cidara Therapeu...
Healthcare 0.00% 1.73%
Sold All 😨
(Was: #21)
0.0 -400,000 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ATXS
Astria Therapeu...
Healthcare 0.00% 1.63%
Sold All 😨
(Was: #22)
0.0 -4,956,000 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CRNX
Crinetics Pharm...
Healthcare 0.00% 1.41%
Sold All 😨
(Was: #28)
0.0 -750,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DHR
Danaher Corp
Healthcare 0.00% 1.34%
Sold All 😨
(Was: #31)
0.0 -150,000 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BLTE
Belite Bio Inc
Healthcare 0.00% 1.04%
Sold All 😨
(Was: #36)
0.0 -312,500 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RARE
Ultragenyx Phar...
Healthcare 0.00% 1.02%
Sold All 😨
(Was: #37)
0.0 -750,000 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BRKR
Bruker Corp
Healthcare 0.00% 0.65%
Sold All 😨
(Was: #47)
0.0 -440,000 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
REGN
Regeneron Pharm...
Healthcare 0.00% 0.63%
Sold All 😨
(Was: #48)
0.0 -25,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
QURE
uniQure NV
Healthcare 0.00% 0.59%
Sold All 😨
(Was: #49)
0.0 -225,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BHVN
Biohaven Ltd
PUT
PUT Option 0.00% 0.48%
Sold All 😨
(Was: #51)
0.0 -701,700 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
INSP
Inspire Medical...
Healthcare 0.00% 0.45%
Sold All 😨
(Was: #52)
0.0 -135,000 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
APLT
Applied Therape...
Healthcare 0.00% 0.39%
Sold All 😨
(Was: #55)
0.0 -14,250,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CGON
CG Oncology Inc
Healthcare 0.00% 0.32%
Sold All 😨
(Was: #56)
0.0 -175,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TVRD
Tvardi Therapeu...
Healthcare 0.00% 0.29%
Sold All 😨
(Was: #58)
0.0 -167,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VTYX
Ventyx Bioscien...
Healthcare 0.00% 0.29%
Sold All 😨
(Was: #59)
0.0 -2,050,000 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GSK
GSK PLC
Healthcare 0.00% 0.24%
Sold All 😨
(Was: #61)
0.0 -125,000 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EXAS
Exact Sciences ...
Healthcare 0.00% 0.19%
Sold All 😨
(Was: #66)
0.0 -75,000 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ESTA
Establishment L...
Healthcare 0.00% 0.19%
Sold All 😨
(Was: #67)
0.0 -100,000 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KOD
Kodiak Sciences...
Healthcare 0.00% 0.18%
Sold All 😨
(Was: #68)
0.0 -250,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ARQT
Arcutis Biother...
Healthcare 0.00% 0.17%
Sold All 😨
(Was: #70)
0.0 -200,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RCUS
Arcus Bioscienc...
Healthcare 0.00% 0.15%
Sold All 😨
(Was: #71)
0.0 -250,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LUNG
Pulmonx Corp
Healthcare 0.00% 0.06%
Sold All 😨
(Was: #78)
0.0 -830,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TRAW
Traws Pharma In...
Healthcare 0.00% 0.01%
Sold All 😨
(Was: #81)
0.0 -150,000 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 105 holdings

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