Caligan Partners LP
•CIK: 1727492•Filing: Q4 2025
**Caligan Partners LP** manages $1.1B across a concentrated portfolio of 21 positions. The fund exhibits significant conviction in select names, with its top holding, LQDA, representing $280.0M. Further notable allocations include ABVX at $195.8M and RVMD at $102.3M, suggesting a deep, thematic focus within its investment universe. This structure indicates a high-conviction, bottom-up approach to capital deployment.
Total AUM
$1.1B
+ $27.1M in options
QoQ Performance
+58.1%
Positions
19
+ 2 options
Top 10 Concentration
88.0%
Latest Filing
Q4 2025
Top Holdings Allocation
LQDA
ABVX
RVMD
MLYS
PCVX
EXEL
ADMA
LQDA25.6%
ABVX17.9%
RVMD9.3%
MLYS9.2%
PCVX7.2%
EXEL6.2%
ADMA5.0%
TNGX3.0%
📈 Biggest Buys
📉 Biggest Sells
-90.8%
0.2% of portfolio
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
NEW8 new positions
↑7 increased
↓1 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022