Data as of Q4 2025 (Dec 31, 2025)

Paradigm Biocapital Advisors LP

โ€ขCIK: 1855655โ€ขFiling: Q4 2025

Paradigm Biocapital Advisors LP, led by co-founders Dr. David E. Williams and Dr. John P. Kane, focuses on early-stage biotech investments, currently managing $3.9 billion in assets with a portfolio of 30 positions. Notably, the fund has recently added OLMA and EYPT, achieving significant gains of 184% and 136% respectively, while exiting JANX and NTRSO, and introducing new positions in ORKA, LXEO, and TERN.

Total AUM
$3.7B
+ $182.9M in options
QoQ Performance
+30.6%
Positions
29
+ 1 option
Top 10 Concentration
70.9%
Latest Filing
Q4 2025

Top Holdings Allocation

NUVL
RVMD
ACLX
GMAB
TARS
NUVL13.5%
RVMD13.5%
ACLX9.5%
GMAB5.5%
TARS5.4%
ABVX4.9%
OLMA4.8%
PCVX4.8%

๐Ÿ“ˆ Biggest Buys

GMAB
GENMAB A/S
+84.4%
5.5% of portfolio
ACLX
ARCELLX INC
+23.1%
9.5% of portfolio
XBIPUT
SPDR SERIES TRUST
+50.0%
4.7% of portfolio
ORKA
ORUKA THERAPEUTICS INC
NEW
1.3% of portfolio
LXEO
LEXEO THERAPEUTICS INC
NEW
1.2% of portfolio

๐Ÿ“‰ Biggest Sells

CDTX
CIDARA THERAPEUTICS INC
-21.0%
4.3% of portfolio
VRDN
VIRIDIAN THERAPEUTICS INC
-44.7%
1.1% of portfolio
APGE
APOGEE THERAPEUTICS INC
-26.2%
2.2% of portfolio
ABVX
ABIVAX SA
-9.4%
4.9% of portfolio
CRNX
CRINETICS PHARMACEUTICALS IN
-13.3%
2.6% of portfolio

Sector Breakdown

Other100.0%

๐Ÿšช Exited Positionssold since Q3 2025

JANX
JANUX THERAPEUTICS INC
SOLD
$71.4M
ALKS
ALKERMES PLC
SOLD
$51.6M
LENZ
LENZ THERAPEUTICS INC
SOLD
$50.0M
โ€”
PHARVARIS N V
SOLD
$45.8M
COGT
COGENT BIOSCIENCES INC
SOLD
$45.3M
+7 more exited positions

Changes from Q3 2025

NEW8 new positions
โ†‘12 increased
โ†“7 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023