ADAR1 Capital Management, LLC

**ADAR1 Capital Management, LLC** manages $1.0B across a diversified portfolio of 203 positions. The firm exhibits significant concentration in select names, notably maintaining a substantial position in ABVX at $114.7M. Further top holdings include KROS ($85.3M), PTGX ($65.7M), and PFG ($50.6M), indicating targeted, high-conviction allocations. This structure suggests a disciplined, bottom-up approach focused on deep value or specific sector opportunities.