Squadron Capital Management LLC
CIK 0002050709
Annualised vol
16.588104%
Beta
0.121348
HHI
651.759675
Top-10 weight
66.196258%
VaR 95%
1.394602%
VaR 99%
3.330902%
Max drawdown
54.442717%
Matched value
92.827406%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| RLMD | REDUCED | 7,350,000 | 8,474,571 | -13.27% | 50,862,000 |
| CCCC | ADDED | 7,600,000 | 2,250,000 | 237.78% | 35,492,000 |
| COGT | ADDED | 865,000 | 787,492 | 9.84% | 33,475,500 |
| ZNTL | ADDED | 4,126,000 | 4,031,000 | 2.36% | 20,011,100 |
| KOD | ADDED | 500,000 | 380,000 | 31.58% | 19,480,000 |
| RLAY | ADDED | 970,000 | 822,500 | 17.93% | 18,148,700 |
| EWTX | REDUCED | 290,000 | 350,000 | -17.14% | 11,782,700 |
| MAZE | ADDED | 335,000 | 257,500 | 30.1% | 9,996,400 |
| BIOA | NEW | 405,000 | - | - | 9,926,550 |
| ANL | REDUCED | 764,876 | 1,265,231 | -39.55% | 8,796,074 |
| CMPS | NEW | 605,000 | - | - | 8,560,750 |
| ELVN | NEW | 160,000 | - | - | 8,120,000 |
| RZLT | NEW | 1,303,410 | - | - | 6,777,732 |
| AVBP | ADDED | 183,000 | 110,000 | 66.36% | 6,357,420 |
| PALI | UNCHANGED | 3,000,000 | 3,000,000 | 0.0% | 6,270,000 |
| IKT | REDUCED | 3,000,000 | 3,500,000 | -14.29% | 6,090,000 |
| ADAG | NEW | 1,250,000 | - | - | 5,250,000 |
| ASMB | NEW | 160,000 | - | - | 4,396,800 |
| PMN | UNCHANGED | 324,977 | 324,977 | 0.0% | 4,276,697 |
| CTNM | NEW | 260,000 | - | - | 4,261,400 |
| DFTX | NEW | 85,000 | - | - | 3,998,400 |
| SLGL | ADDED | 52,000 | 31,000 | 67.74% | 3,855,280 |
| SCYX | REDUCED | 756,884 | 7,608,695 | -90.05% | 3,080,518 |
| IRON | NEW | 30,000 | - | - | 2,194,200 |
| LPCN | ADDED | 810,000 | 450,000 | 80.0% | 2,073,600 |
| CUE | NEW | 50,000 | - | - | 1,578,000 |
| CALC | NEW | 1,244,864 | - | - | 1,282,210 |
| QNCX | NEW | 40,375 | - | - | 734,421 |
| NVCT | NEW | 38,700 | - | - | 711,693 |
| KTTA | REDUCED | 1,000,000 | 2,100,000 | -52.38% | 515,400 |
| INM | NEW | 325,000 | - | - | 503,750 |
| NMRA | NEW | 100,000 | - | - | 170,000 |
| NXTC | REDUCED | 64,464 | 265,000 | -75.67% | 103,142 |
| CNTX | CLOSED OUT | 0 | 1,100,000 | -100.0% | 0 |
| KPTI | CLOSED OUT | 0 | 750,000 | -100.0% | 0 |
| EPRX | CLOSED OUT | 0 | 680,000 | -100.0% | 0 |
| HOWL | CLOSED OUT | 0 | 563,535 | -100.0% | 0 |
| TRAW | CLOSED OUT | 0 | 511,714 | -100.0% | 0 |
| TXMD | CLOSED OUT | 0 | 420,421 | -100.0% | 0 |
| GHRS | CLOSED OUT | 0 | 325,000 | -100.0% | 0 |
| IDYA | CLOSED OUT | 0 | 224,300 | -100.0% | 0 |
| NKTR | CLOSED OUT | 0 | 125,000 | -100.0% | 0 |
| NEUP | CLOSED OUT | 0 | 76,728 | -100.0% | 0 |
| SPRB | CLOSED OUT | 0 | 12,200 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| RLMD | REDUCED | RELMADA THERAPEUTICS INC | COM | 75955J402 | 50,862,000 | 15.78 | 7350000.0 |
| CCCC | ADDED | C4 THERAPEUTICS INC | COM STK | 12529R107 | 33,624,000 | 10.43 | 7200000.0 |
| COGT | ADDED | COGENT BIOSCIENCES INC | COM | 19240Q201 | 33,475,500 | 10.39 | 865000.0 |
| KOD | ADDED | KODIAK SCIENCES INC | COM | 50015M109 | 19,480,000 | 6.05 | 500000.0 |
| RLAY | ADDED | RELAY THERAPEUTICS INC | COM | 75943R102 | 18,148,700 | 5.63 | 970000.0 |
| ZNTL | ADDED | ZENTALIS PHARMACEUTICALS INC | COM | 98943L107 | 17,945,000 | 5.57 | 3700000.0 |
| EWTX | REDUCED | EDGEWISE THERAPEUTICS INC | COM | 28036F105 | 11,782,700 | 3.66 | 290000.0 |
| MAZE | ADDED | MAZE THERAPEUTICS INC | COM | 578784100 | 9,996,400 | 3.1 | 335000.0 |
| - | INVENTIVA SA | ADS | 46124U107 | 9,204,300 | 2.86 | 2435000.0 | |
| ANL | REDUCED | ADLAI NORTYE LTD | SPONSORED ADS | 00704R109 | 8,796,074 | 2.73 | 764876.0 |
| ELVN | NEW | ENLIVEN THERAPEUTICS INC | COM | 29337E102 | 8,120,000 | 2.52 | 160000.0 |
| AVBP | ADDED | ARRIVENT BIOPHARMA INC | COM | 04272N102 | 6,357,420 | 1.97 | 183000.0 |
| PALI | UNCHANGED | PALISADE BIO INC | COM | 696389402 | 6,270,000 | 1.95 | 3000000.0 |
| BIOA | NEW | BIOAGE LABS INC | COM | 09077V100 | 6,127,500 | 1.9 | 250000.0 |
| IKT | REDUCED | INHIBIKASE THERAPEUTICS INC | COM NEW | 45719W205 | 6,090,000 | 1.89 | 3000000.0 |
| ADAG | NEW | ADAGENE INC | ADS | 005329107 | 5,250,000 | 1.63 | 1250000.0 |
| - | FORTE BIOSCIENCES INC | COM NEW | 34962G208 | 4,781,250 | 1.48 | 225000.0 | |
| RZLT | NEW | REZOLUTE INC | COM NEW | 76200L309 | 4,680,000 | 1.45 | 900000.0 |
| - | INFLARX NV | COM | N44821101 | 4,480,000 | 1.39 | 2000000.0 | |
| ASMB | NEW | ASSEMBLY BIOSCIENCES INC | COM NEW | 045396207 | 4,396,800 | 1.36 | 160000.0 |
| CMPS | NEW | COMPASS PATHWAYS PLC | SPONSORED ADS | 20451W101 | 4,315,750 | 1.34 | 305000.0 |
| PMN | UNCHANGED | PROMIS NEUROSCIENCES INC | COM SHS | 74346M505 | 4,276,697 | 1.33 | 324977.0 |
| CTNM | NEW | CONTINEUM THERAPEUTICS INC | CL A | 21217B100 | 4,261,400 | 1.32 | 260000.0 |
| CMPS | NEW | COMPASS PATHWAYS PLC | SPONSORED ADS | 20451W101 | 4,245,000 | 1.32 | 300000.0 |
| DFTX | NEW | DEFINIUM THERAPEUTICS INC | COM SHS | 24477V105 | 3,998,400 | 1.24 | 85000.0 |
| SLGL | ADDED | SOL-GEL TECHNOLOGIES LTD | SHS NEW | M8694L137 | 3,855,280 | 1.2 | 52000.0 |
| BIOA | NEW | BIOAGE LABS INC | COM | 09077V100 | 3,799,050 | 1.18 | 155000.0 |
| SCYX | REDUCED | SCYNEXIS INC | COM | 811292309 | 3,080,518 | 0.96 | 756884.0 |
| - | PROQR THRAPEUTICS N V | SHS EURO | N71542109 | 2,811,383 | 0.87 | 1511496.0 | |
| IRON | NEW | DISC MEDICINE INC | COM | 254604101 | 2,194,200 | 0.68 | 30000.0 |
| RZLT | NEW | REZOLUTE INC | COM NEW | 76200L309 | 2,097,732 | 0.65 | 403410.0 |
| LPCN | ADDED | LIPOCINE INC NEW | COM NEW | 53630X203 | 2,073,600 | 0.64 | 810000.0 |
| ZNTL | ADDED | ZENTALIS PHARMACEUTICALS INC | COM | 98943L107 | 2,066,100 | 0.64 | 426000.0 |
| CCCC | ADDED | C4 THERAPEUTICS INC | COM STK | 12529R107 | 1,868,000 | 0.58 | 400000.0 |
| - | ULTRAGENYX PHARMACEUTICAL IN | COM | 90400D108 | 1,836,450 | 0.57 | 55000.0 | |
| CUE | NEW | CUE BIOPHARMA INC | COM | 22978P205 | 1,578,000 | 0.49 | 50000.0 |
| CALC | NEW | CALCIMEDICA INC | COM NEW | 38942Q202 | 1,282,210 | 0.4 | 1244864.0 |
| QNCX | NEW | QUINCE THERAPEUTICS INC | COM | 22053A305 | 734,421 | 0.23 | 40375.0 |
| NVCT | NEW | NUVECTIS PHARMA INC | COM | 67080T108 | 711,693 | 0.22 | 38700.0 |
| KTTA | REDUCED | PASITHEA THERAPEUTICS CORP | COM NEW | 70261F202 | 515,400 | 0.16 | 1000000.0 |
| INM | NEW | INMED PHARMACEUTICALS INC | COM NEW | 457637700 | 503,750 | 0.16 | 325000.0 |
| NMRA | NEW | NEUMORA THERAPEUTICS INC. | COM | 640979100 | 170,000 | 0.05 | 100000.0 |
| NXTC | REDUCED | NEXTCURE INC | COM NEW | 65343E207 | 103,142 | 0.03 | 64464.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 322,245,820 | 43 | 16.588104 | 0.121348 | 54.442717 |
| 2026-03-31 | 2026-05-15 | 272,917,617 | 37 | 17.712691 | 0.110335 | 51.967803 |
| 2025-12-31 | 2026-02-17 | 235,971,129 | 33 | 14.169265 | 0.096807 | 42.333965 |