Trails Edge Capital Partners, LP
•CIK: 2077247•Filing: Q4 2025
**Trails Edge Capital Partners, LP** manages $405M across a focused portfolio of 23 positions. The fund exhibits significant concentration in select names, with top holdings including ACAD at $37.9M and BRD1EUR at $34.4M. Further substantial allocations are noted in PCVX ($34.0M), NRIX ($33.1M), and LBRX ($31.1M). This structure suggests a conviction-driven, concentrated approach targeting high-conviction opportunities.
Total AUM
$404.7M
QoQ Performance
N/A
Positions
23
Top 10 Concentration
68.5%
Latest Filing
Q4 2025
Top Holdings Allocation
ACAD
BRD1EUR
PCVX
NRIX
LBRX
XENE
IMCR
RCUS
ACAD9.4%
BRD1EUR8.5%
PCVX8.4%
NRIX8.2%
LBRX7.7%
XENE6.6%
IMCR5.9%
RCUS5.4%
📈 Biggest Buys
📉 Biggest Sells
No reductions this quarter
Sector Breakdown
Other100.0%
Changes from Q2 2025
NEW23 new positions
Historical Filings
Q4 2025Q2 2025