Cormorant Asset Management, LP
•CIK: 1583977•Filing: Q4 2025
**Cormorant Asset Management, LP** manages $2.2B across a concentrated portfolio of 35 positions. The firm exhibits significant conviction in key sectors, highlighted by its top holdings including PRAX at $280.0M and BBOT at $223.8M. Further allocations are notable in technology and indices, with ABVX at $182.1M and NDQ at $153.6M. This structure suggests a tactical, high-conviction approach to market opportunities.
Total AUM
$1.8B
+ $398.6M in options
QoQ Performance
+21.7%
Positions
32
+ 3 options
Top 10 Concentration
69.4%
Latest Filing
Q4 2025
Top Holdings Allocation
PRAX
BBOT
ABVX
NDQ
EYPT
IWM
XBI
PRAX12.9%
BBOT10.4%
ABVX8.4%
NDQ7.1%
EYPT7.0%
IWM5.7%
XBI5.6%
RAPP4.2%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
—
METSERA INC
SOLD
$20.9M
+2 more exited positions
Changes from Q3 2025
NEW6 new positions
↑3 increased
↓22 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023