Lion Point Capital, LP
CIK 0001643354
Annualised vol
9.06138%
Beta
0.123637
HHI
420.444081
Top-10 weight
55.008294%
VaR 95%
0.777677%
VaR 99%
1.997153%
Max drawdown
20.681023%
Matched value
80.745586%
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 ($) |
|---|---|---|---|---|---|
| CUE | REDUCED | 52,928 | 2,202,854 | -97.6% | 1,670,408 |
| MLTX | UNCHANGED | 67,500 | 67,500 | 0.0% | 1,314,225 |
| FENC | UNCHANGED | 112,434 | 112,434 | 0.0% | 1,208,666 |
| RPRX | UNCHANGED | 21,400 | 21,400 | 0.0% | 1,199,898 |
| CMPS | UNCHANGED | 80,000 | 80,000 | 0.0% | 1,132,000 |
| BNTC | UNCHANGED | 62,000 | 62,000 | 0.0% | 829,560 |
| SNDX | UNCHANGED | 36,000 | 36,000 | 0.0% | 786,960 |
| BHVN | UNCHANGED | 51,700 | 51,700 | 0.0% | 769,296 |
| GERN | UNCHANGED | 578,000 | 578,000 | 0.0% | 739,840 |
| ARDX | UNCHANGED | 128,650 | 128,650 | 0.0% | 656,115 |
| IRON | UNCHANGED | 8,100 | 8,100 | 0.0% | 592,434 |
| SRPT | UNCHANGED | 28,500 | 28,500 | 0.0% | 512,145 |
| HUMA | UNCHANGED | 650,000 | 650,000 | 0.0% | 507,260 |
| KURA | UNCHANGED | 46,000 | 46,000 | 0.0% | 504,620 |
| VTRS | UNCHANGED | 27,700 | 27,700 | 0.0% | 439,876 |
| DYN | UNCHANGED | 18,000 | 18,000 | 0.0% | 399,780 |
| BBIO | UNCHANGED | 5,000 | 5,000 | 0.0% | 372,400 |
| EWTX | UNCHANGED | 9,100 | 9,100 | 0.0% | 369,733 |
| PCRX | UNCHANGED | 13,500 | 13,500 | 0.0% | 342,495 |
| RGNX | UNCHANGED | 26,600 | 26,600 | 0.0% | 318,668 |
| RCKT | UNCHANGED | 86,000 | 86,000 | 0.0% | 294,120 |
| JANX | UNCHANGED | 19,000 | 19,000 | 0.0% | 291,840 |
| MLYS | UNCHANGED | 10,500 | 10,500 | 0.0% | 283,290 |
| GHRS | UNCHANGED | 10,200 | 10,200 | 0.0% | 274,176 |
| MCRB | UNCHANGED | 31,570 | 31,570 | 0.0% | 249,087 |
| AZTA | UNCHANGED | 9,700 | 9,700 | 0.0% | 247,544 |
| JSPR | UNCHANGED | 465,000 | 465,000 | 0.0% | 195,765 |
| INVA | UNCHANGED | 8,200 | 8,200 | 0.0% | 186,222 |
| ARQT | UNCHANGED | 5,250 | 5,250 | 0.0% | 137,655 |
| SPRB | UNCHANGED | 1,000 | 1,000 | 0.0% | 54,000 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| CUE | REDUCED | CUE BIOPHARMA INC | COM | 22978P205 | 1,670,408 | 7.99 | 52928.0 |
| - | PRAXIS PRECISION MEDICINES I | COM NEW | 74006W207 | 1,489,816 | 7.13 | 4450.0 | |
| MLTX | UNCHANGED | MOONLAKE IMMUNOTHERAPEUTICS | CLASS A ORD | 61559X104 | 1,314,225 | 6.29 | 67500.0 |
| FENC | UNCHANGED | FENNEC PHARMACEUTICALS INC | COM | 31447P100 | 1,208,666 | 5.78 | 112434.0 |
| RPRX | UNCHANGED | ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 | 1,199,898 | 5.74 | 21400.0 |
| CMPS | UNCHANGED | COMPASS PATHWAYS PLC | SPONSORED ADS | 20451W101 | 1,132,000 | 5.41 | 80000.0 |
| - | MILESTONE PHARMACEUTICALS IN | COM | 59935V107 | 1,098,800 | 5.26 | 820000.0 | |
| BNTC | UNCHANGED | BENITEC BIOPHARMA INC | COM NEW | 08205P209 | 829,560 | 3.97 | 62000.0 |
| SNDX | UNCHANGED | SYNDAX PHARMACEUTICALS INC | COM | 87164F105 | 786,960 | 3.76 | 36000.0 |
| BHVN | UNCHANGED | BIOHAVEN LTD | COM | G1110E107 | 769,296 | 3.68 | 51700.0 |
| GERN | UNCHANGED | GERON CORP | COM | 374163103 | 739,840 | 3.54 | 578000.0 |
| - | UNIQURE NV | SHS | N90064101 | 677,082 | 3.24 | 14700.0 | |
| ARDX | UNCHANGED | ARDELYX INC | COM | 039697107 | 656,115 | 3.14 | 128650.0 |
| - | LANTHEUS HLDGS INC | COM | 516544103 | 610,170 | 2.92 | 5500.0 | |
| IRON | UNCHANGED | DISC MEDICINE INC | COM | 254604101 | 592,434 | 2.83 | 8100.0 |
| SRPT | UNCHANGED | SAREPTA THERAPEUTICS INC | COM | 803607100 | 512,145 | 2.45 | 28500.0 |
| HUMA | UNCHANGED | HUMACYTE INC | COM | 44486Q103 | 507,260 | 2.43 | 650000.0 |
| KURA | UNCHANGED | KURA ONCOLOGY INC | COM | 50127T109 | 504,620 | 2.41 | 46000.0 |
| VTRS | UNCHANGED | VIATRIS INC | COM | 92556V106 | 439,876 | 2.1 | 27700.0 |
| DYN | UNCHANGED | DYNE THERAPEUTICS INC | COM | 26818M108 | 399,780 | 1.91 | 18000.0 |
| BBIO | UNCHANGED | BRIDGEBIO PHARMA INC | COM | 10806X102 | 372,400 | 1.78 | 5000.0 |
| EWTX | UNCHANGED | EDGEWISE THERAPEUTICS INC | COM | 28036F105 | 369,733 | 1.77 | 9100.0 |
| PCRX | UNCHANGED | PACIRA BIOSCIENCES INC | COM | 695127100 | 342,495 | 1.64 | 13500.0 |
| RGNX | UNCHANGED | REGENXBIO INC | COM | 75901B107 | 318,668 | 1.52 | 26600.0 |
| RCKT | UNCHANGED | ROCKET PHARMACEUTICALS INC | COM | 77313F106 | 294,120 | 1.41 | 86000.0 |
| JANX | UNCHANGED | JANUX THERAPEUTICS INC | COM | 47103J105 | 291,840 | 1.4 | 19000.0 |
| MLYS | UNCHANGED | MINERALYS THERAPEUTICS INC | COM | 603170101 | 283,290 | 1.36 | 10500.0 |
| GHRS | UNCHANGED | GH RESEARCH PLC | ORDINARY SHARES | G3855L106 | 274,176 | 1.31 | 10200.0 |
| MCRB | UNCHANGED | SERES THERAPEUTICS INC | COM NEW | 81750R201 | 249,087 | 1.19 | 31570.0 |
| AZTA | UNCHANGED | AZENTA INC | COM | 114340102 | 247,544 | 1.18 | 9700.0 |
| JSPR | UNCHANGED | JASPER THERAPEUTICS INC | COM NEW | 471871202 | 195,765 | 0.94 | 465000.0 |
| INVA | UNCHANGED | INNOVIVA INC | COM | 45781M101 | 186,222 | 0.89 | 8200.0 |
| - | INNATE PHARMA S A | SPONSORED ADS | 45781K204 | 149,318 | 0.71 | 81151.0 | |
| ARQT | UNCHANGED | ARCUTIS BIOTHERAPEUTICS INC | COM | 03969K108 | 137,655 | 0.66 | 5250.0 |
| SPRB | UNCHANGED | SPRUCE BIOSCIENCES INC | COM NEW | 85209E208 | 54,000 | 0.26 | 1000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 20,905,264 | 35 | 9.06138 | 0.123637 | 20.681023 |
| 2026-03-31 | 2026-05-15 | 16,731,769 | 35 | 9.532115 | 0.143528 | 21.718886 |
| 2025-12-31 | 2026-02-17 | 19,323,534 | 39 | 8.470633 | 0.124587 | 20.034146 |
| 2025-09-30 | 2025-11-14 | 17,601,836 | 27 | 10.728393 | 0.183564 | 15.214361 |
| 2025-03-31 | 2025-05-15 | 15,675,769 | 21 | 15.008802 | 0.305659 | 18.986141 |
| 2024-12-31 | 2025-02-14 | 19,099,206 | 19 | 13.884022 | 0.284013 | 17.990102 |