PSP Research LLC
CIK 0002106939
Annualised vol
1.755085%
Beta
0.033663
HHI
3715.01209
Top-10 weight
88.02639%
VaR 95%
0.148548%
VaR 99%
0.35143%
Max drawdown
4.379245%
Matched value
12.940994%
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 ($) |
|---|---|---|---|---|---|
| RPRX | UNCHANGED | 11,000 | 11,000 | 0.0% | 616,770 |
| NRIX | REDUCED | 25,000 | 28,700 | -12.89% | 606,500 |
| INCY | UNCHANGED | 5,300 | 5,300 | 0.0% | 600,808 |
| ARGX | UNCHANGED | 641 | 641 | 0.0% | 594,701 |
| IRON | UNCHANGED | 8,000 | 8,000 | 0.0% | 585,120 |
| RAPP | UNCHANGED | 14,000 | 14,000 | 0.0% | 583,380 |
| TRVI | UNCHANGED | 30,000 | 30,000 | 0.0% | 559,500 |
| GLUE | REDUCED | 23,000 | 28,000 | -17.86% | 556,600 |
| TGTX | REDUCED | 10,000 | 13,000 | -23.08% | 549,400 |
| HALO | REDUCED | 7,000 | 8,026 | -12.78% | 547,890 |
| IONS | UNCHANGED | 6,800 | 6,800 | 0.0% | 539,172 |
| PHVS | REDUCED | 15,000 | 20,000 | -25.0% | 518,700 |
| ARQT | UNCHANGED | 19,700 | 19,700 | 0.0% | 516,534 |
| AUPH | UNCHANGED | 30,000 | 30,000 | 0.0% | 509,100 |
| NBIX | REDUCED | 3,000 | 3,848 | -22.04% | 505,605 |
| IMVT | REDUCED | 13,000 | 19,200 | -32.29% | 500,890 |
| ACAD | UNCHANGED | 19,766 | 19,766 | 0.0% | 500,080 |
| PTCT | UNCHANGED | 6,000 | 6,000 | 0.0% | 489,420 |
| CLDX | UNCHANGED | 13,000 | 13,000 | 0.0% | 483,730 |
| DFTX | REDUCED | 10,000 | 34,800 | -71.26% | 470,400 |
| COGT | UNCHANGED | 12,000 | 12,000 | 0.0% | 464,400 |
| KYMR | REDUCED | 4,000 | 6,300 | -36.51% | 458,680 |
| DYN | UNCHANGED | 20,000 | 20,000 | 0.0% | 444,200 |
| ALNY | UNCHANGED | 1,465 | 1,465 | 0.0% | 441,009 |
| TARS | UNCHANGED | 7,000 | 7,000 | 0.0% | 440,580 |
| SNDX | UNCHANGED | 20,000 | 20,000 | 0.0% | 437,200 |
| EXEL | REDUCED | 8,000 | 11,948 | -33.04% | 435,280 |
| ASND | REDUCED | 1,500 | 2,500 | -40.0% | 400,080 |
| LQDA | NEW | 5,000 | - | - | 398,650 |
| STOK | UNCHANGED | 12,000 | 12,000 | 0.0% | 392,640 |
| VKTX | REDUCED | 10,000 | 15,000 | -33.33% | 390,100 |
| IMNM | REDUCED | 18,000 | 20,000 | -10.0% | 381,420 |
| PTGX | UNCHANGED | 3,000 | 3,000 | 0.0% | 367,740 |
| ELVN | UNCHANGED | 7,000 | 7,000 | 0.0% | 355,250 |
| SYRE | REDUCED | 4,000 | 5,159 | -22.47% | 355,120 |
| NTLA | REDUCED | 20,000 | 26,900 | -25.65% | 338,400 |
| MDGL | UNCHANGED | 600 | 600 | 0.0% | 322,170 |
| KNSA | REDUCED | 5,000 | 9,000 | -44.44% | 319,750 |
| ALKS | UNCHANGED | 6,000 | 6,000 | 0.0% | 314,370 |
| TNGX | REDUCED | 10,000 | 14,400 | -30.56% | 312,600 |
| ARDX | REDUCED | 60,000 | 80,000 | -25.0% | 306,000 |
| VERA | REDUCED | 7,000 | 10,000 | -30.0% | 300,370 |
| MIRM | REDUCED | 2,500 | 5,000 | -50.0% | 292,675 |
| ORKA | REDUCED | 3,000 | 4,968 | -39.61% | 285,510 |
| SUPN | UNCHANGED | 6,000 | 6,000 | 0.0% | 279,060 |
| CRSP | REDUCED | 5,000 | 9,500 | -47.37% | 272,700 |
| ZYME | UNCHANGED | 10,000 | 10,000 | 0.0% | 261,400 |
| KRYS | NEW | 692 | - | - | 257,196 |
| CMPS | REDUCED | 18,000 | 71,000 | -74.65% | 254,700 |
| XENE | UNCHANGED | 4,200 | 4,200 | 0.0% | 253,512 |
| AXSM | REDUCED | 1,000 | 2,845 | -64.85% | 244,770 |
| AVBP | NEW | 7,041 | - | - | 244,604 |
| JAZZ | NEW | 971 | - | - | 233,982 |
| KOD | REDUCED | 6,000 | 10,000 | -40.0% | 233,760 |
| RVMD | NEW | 1,200 | - | - | 224,736 |
| BBIO | REDUCED | 3,000 | 6,000 | -50.0% | 223,440 |
| RYTM | NEW | 2,000 | - | - | 222,060 |
| DNLI | NEW | 8,463 | - | - | 217,668 |
| EWTX | REDUCED | 5,000 | 6,500 | -23.08% | 203,150 |
| AMLX | UNCHANGED | 10,838 | 10,838 | 0.0% | 194,650 |
| CTMX | NEW | 39,400 | - | - | 147,750 |
| OCUL | UNCHANGED | 15,000 | 15,000 | 0.0% | 147,300 |
| EYPT | UNCHANGED | 10,000 | 10,000 | 0.0% | 143,000 |
| ORIC | UNCHANGED | 13,000 | 13,000 | 0.0% | 140,790 |
| OLMA | UNCHANGED | 10,000 | 10,000 | 0.0% | 125,100 |
| SERA | CLOSED OUT | 0 | 2,396,685 | -100.0% | 0 |
| CMPX | CLOSED OUT | 0 | 30,000 | -100.0% | 0 |
| ERAS | CLOSED OUT | 0 | 17,327 | -100.0% | 0 |
| TYRA | CLOSED OUT | 0 | 16,000 | -100.0% | 0 |
| AGIO | CLOSED OUT | 0 | 15,000 | -100.0% | 0 |
| LEGN | CLOSED OUT | 0 | 12,000 | -100.0% | 0 |
| SMMT | CLOSED OUT | 0 | 10,223 | -100.0% | 0 |
| CYTK | CLOSED OUT | 0 | 8,300 | -100.0% | 0 |
| INBX | CLOSED OUT | 0 | 6,927 | -100.0% | 0 |
| CELC | CLOSED OUT | 0 | 2,000 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | SPDR SERIES TRUST | ST STR SP BIOT | 78464A870 | 90,202,500 | 48.01 | 570000.0 | |
| - | ISHARES TR | 0-3 MTH TREASURY | 46436E718 | 70,469,000 | 37.51 | 700000.0 | |
| RPRX | UNCHANGED | ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 | 616,770 | 0.33 | 11000.0 |
| NRIX | REDUCED | NURIX THERAPEUTICS INC | COM | 67080M103 | 606,500 | 0.32 | 25000.0 |
| INCY | UNCHANGED | INCYTE CORP | COM | 45337C102 | 600,808 | 0.32 | 5300.0 |
| ARGX | UNCHANGED | ARGENX SE | SPONSORED ADR | 04016X101 | 594,701 | 0.32 | 641.0 |
| IRON | UNCHANGED | DISC MEDICINE INC | COM | 254604101 | 585,120 | 0.31 | 8000.0 |
| RAPP | UNCHANGED | RAPPORT THERAPEUTICS INC | COM | 75383L102 | 583,380 | 0.31 | 14000.0 |
| - | ULTRAGENYX PHARMACEUTICAL IN | COM | 90400D108 | 567,630 | 0.3 | 17000.0 | |
| TRVI | UNCHANGED | TREVI THERAPEUTICS INC | COM | 89532M101 | 559,500 | 0.3 | 30000.0 |
| GLUE | REDUCED | MONTE ROSA THERAPEUTICS INC | COM | 61225M102 | 556,600 | 0.3 | 23000.0 |
| TGTX | REDUCED | TG THERAPEUTICS INC | COM | 88322Q108 | 549,400 | 0.29 | 10000.0 |
| HALO | REDUCED | HALOZYME THERAPEUTICS INC | COM | 40637H109 | 547,890 | 0.29 | 7000.0 |
| IONS | UNCHANGED | IONIS PHARMACEUTICALS INC | COM | 462222100 | 539,172 | 0.29 | 6800.0 |
| PHVS | REDUCED | PHARVARIS N V | COM | N69605108 | 518,700 | 0.28 | 15000.0 |
| ARQT | UNCHANGED | ARCUTIS BIOTHERAPEUTICS INC | COM | 03969K108 | 516,534 | 0.27 | 19700.0 |
| AUPH | UNCHANGED | AURINIA PHARMACEUTICALS INC | COM | 05156V102 | 509,100 | 0.27 | 30000.0 |
| NBIX | REDUCED | NEUROCRINE BIOSCIENCES INC | COM | 64125C109 | 505,605 | 0.27 | 3000.0 |
| IMVT | REDUCED | IMMUNOVANT INC | COM | 45258J102 | 500,890 | 0.27 | 13000.0 |
| ACAD | UNCHANGED | ACADIA PHARMACEUTICALS INC | COM | 004225108 | 500,080 | 0.27 | 19766.0 |
| PTCT | UNCHANGED | PTC THERAPEUTICS INC | COM | 69366J200 | 489,420 | 0.26 | 6000.0 |
| CLDX | UNCHANGED | CELLDEX THERAPEUTICS INC NEW | COM NEW | 15117B202 | 483,730 | 0.26 | 13000.0 |
| - | IMMUNOCORE HLDGS PLC | ADS | 45258D105 | 480,727 | 0.26 | 15141.0 | |
| DFTX | REDUCED | DEFINIUM THERAPEUTICS INC | COM SHS | 24477V105 | 470,400 | 0.25 | 10000.0 |
| COGT | UNCHANGED | COGENT BIOSCIENCES INC | COM | 19240Q201 | 464,400 | 0.25 | 12000.0 |
| KYMR | REDUCED | KYMERA THERAPEUTICS INC | COM | 501575104 | 458,680 | 0.24 | 4000.0 |
| DYN | UNCHANGED | DYNE THERAPEUTICS INC | COM | 26818M108 | 444,200 | 0.24 | 20000.0 |
| ALNY | UNCHANGED | ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 | 441,009 | 0.23 | 1465.0 |
| TARS | UNCHANGED | TARSUS PHARMACEUTICALS INC | COM | 87650L103 | 440,580 | 0.23 | 7000.0 |
| SNDX | UNCHANGED | SYNDAX PHARMACEUTICALS INC | COM | 87164F105 | 437,200 | 0.23 | 20000.0 |
| EXEL | REDUCED | EXELIXIS INC | COM | 30161Q104 | 435,280 | 0.23 | 8000.0 |
| - | CRINETICS PHARMACEUTICALS IN | COM | 22663K107 | 411,620 | 0.22 | 11000.0 | |
| - | NEWAMSTERDAM PHARMA COMPANY | ORDINARY SHARES | N62509109 | 406,680 | 0.22 | 12000.0 | |
| ASND | REDUCED | ASCENDIS PHARMA A/S | ORD SHS | K08588103 | 400,080 | 0.21 | 1500.0 |
| LQDA | NEW | LIQUIDIA CORPORATION | COM NEW | 53635D202 | 398,650 | 0.21 | 5000.0 |
| STOK | UNCHANGED | STOKE THERAPEUTICS INC | COM | 86150R107 | 392,640 | 0.21 | 12000.0 |
| VKTX | REDUCED | VIKING THERAPEUTICS INC | COM | 92686J106 | 390,100 | 0.21 | 10000.0 |
| IMNM | REDUCED | IMMUNOME INC | COM | 45257U108 | 381,420 | 0.2 | 18000.0 |
| PTGX | UNCHANGED | PROTAGONIST THERAPEUTICS INC | COM | 74366E102 | 367,740 | 0.2 | 3000.0 |
| - | HARMONY BIOSCIENCES HLDGS IN | COM | 413197104 | 364,100 | 0.19 | 10000.0 | |
| ELVN | UNCHANGED | ENLIVEN THERAPEUTICS INC | COM | 29337E102 | 355,250 | 0.19 | 7000.0 |
| SYRE | REDUCED | SPYRE THERAPEUTICS INC | COM NEW | 00773J202 | 355,120 | 0.19 | 4000.0 |
| NTLA | REDUCED | INTELLIA THERAPEUTICS INC | COM | 45826J105 | 338,400 | 0.18 | 20000.0 |
| MDGL | UNCHANGED | MADRIGAL PHARMACEUTICALS INC | COM | 558868105 | 322,170 | 0.17 | 600.0 |
| KNSA | REDUCED | KINIKSA PHARMACEUTICALS INTL | ORD SHS CL A | G52694109 | 319,750 | 0.17 | 5000.0 |
| ALKS | UNCHANGED | ALKERMES PLC | SHS | G01767105 | 314,370 | 0.17 | 6000.0 |
| TNGX | REDUCED | TANGO THERAPEUTICS INC | COM | 87583X109 | 312,600 | 0.17 | 10000.0 |
| ARDX | REDUCED | ARDELYX INC | COM | 039697107 | 306,000 | 0.16 | 60000.0 |
| VERA | REDUCED | VERA THERAPEUTICS INC | CL A | 92337R101 | 300,370 | 0.16 | 7000.0 |
| MIRM | REDUCED | MIRUM PHARMACEUTICALS INC | COM | 604749101 | 292,675 | 0.16 | 2500.0 |
| ORKA | REDUCED | ORUKA THERAPEUTICS INC | COM | 687604108 | 285,510 | 0.15 | 3000.0 |
| SUPN | UNCHANGED | SUPERNUS PHARMACEUTICALS | COM | 868459108 | 279,060 | 0.15 | 6000.0 |
| CRSP | REDUCED | CRISPR THERAPEUTICS AG | NAMEN AKT | H17182108 | 272,700 | 0.15 | 5000.0 |
| ZYME | UNCHANGED | ZYMEWORKS INC | COM | 98985Y108 | 261,400 | 0.14 | 10000.0 |
| KRYS | NEW | KRYSTAL BIOTECH INC | COM | 501147102 | 257,196 | 0.14 | 692.0 |
| CMPS | REDUCED | COMPASS PATHWAYS PLC | SPONSORED ADS | 20451W101 | 254,700 | 0.14 | 18000.0 |
| XENE | UNCHANGED | XENON PHARMACEUTICALS INC | COM | 98420N105 | 253,512 | 0.13 | 4200.0 |
| AXSM | REDUCED | AXSOME THERAPEUTICS INC. | COM | 05464T104 | 244,770 | 0.13 | 1000.0 |
| AVBP | NEW | ARRIVENT BIOPHARMA INC | COM | 04272N102 | 244,604 | 0.13 | 7041.0 |
| - | DIANTHUS THERAPEUTICS INC | COM | 252828108 | 243,700 | 0.13 | 2500.0 | |
| JAZZ | NEW | JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 | 233,982 | 0.12 | 971.0 |
| KOD | REDUCED | KODIAK SCIENCES INC | COM | 50015M109 | 233,760 | 0.12 | 6000.0 |
| RVMD | NEW | REVOLUTION MEDICINES INC | COM | 76155X100 | 224,736 | 0.12 | 1200.0 |
| BBIO | REDUCED | BRIDGEBIO PHARMA INC | COM | 10806X102 | 223,440 | 0.12 | 3000.0 |
| RYTM | NEW | RHYTHM PHARMACEUTICALS INC | COM | 76243J105 | 222,060 | 0.12 | 2000.0 |
| DNLI | NEW | DENALI THERAPEUTICS INC | COM | 24823R105 | 217,668 | 0.12 | 8463.0 |
| - | ARROWHEAD PHARMACEUTICALS IN | COM | 04280A100 | 211,926 | 0.11 | 2600.0 | |
| - | SCHOLAR ROCK HLDG CORP | COM | 80706P103 | 210,485 | 0.11 | 3827.0 | |
| EWTX | REDUCED | EDGEWISE THERAPEUTICS INC | COM | 28036F105 | 203,150 | 0.11 | 5000.0 |
| AMLX | UNCHANGED | AMYLYX PHARMACEUTICALS INC | COM | 03237H101 | 194,650 | 0.1 | 10838.0 |
| CTMX | NEW | CYTOMX THERAPEUTICS INC. | COM | 23284F105 | 147,750 | 0.08 | 39400.0 |
| OCUL | UNCHANGED | OCULAR THERAPEUTIX INC | COM | 67576A100 | 147,300 | 0.08 | 15000.0 |
| EYPT | UNCHANGED | EYEPOINT INC | COM NEW | 30233G209 | 143,000 | 0.08 | 10000.0 |
| ORIC | UNCHANGED | ORIC PHARMACEUTICALS INC | COM | 68622P109 | 140,790 | 0.07 | 13000.0 |
| OLMA | UNCHANGED | OLEMA PHARMACEUTICALS INC | COM | 68062P106 | 125,100 | 0.07 | 10000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-09 | 187,882,190 | 75 | 1.755085 | 0.033663 | 4.379245 |
| 2026-03-31 | 2026-04-17 | 141,329,716 | 79 | 2.650698 | 0.048218 | 6.481869 |
| 2025-12-31 | 2026-02-06 | 114,419,671 | 85 | 4.001129 | 0.080913 | 10.649481 |