| IISHARES TR |
| 31.56% | — | $133.3M | 500,000 | $0 | 0 | +500,000 | New Buy |
| DDELCATH SYS INC COM NEWDCTH |
| 9.84% | 12.31% | $41.6M | 3.3M | $30.6M | 3.3M | 00.00% | Unchanged |
| FFENNEC PHARMACEUTICALS INC COMFENC |
| 8.12% | 7.19% | $34.3M | 3.2M | $17.9M | 2.9M | +279,800+9.62% | Add |
 XERIS BIOPHARMA HLDGS INXERS |
| 5.46% | 7.53% | $23.0M | 2.9M | $18.7M | 3.2M | -322,719-9.99% | Reduce |
| SSAVARA INCSVRA |
| 4.64% | 7.03% | $19.6M | 3.2M | $17.5M | 3.2M | -25,600-0.80% | Reduce |
| VVERASTEM INC COM NEWVSTM |
| 3.61% | 4.55% | $15.2M | 4.0M | $11.3M | 2.1M | +1.8M+86.42% | Add |
| XX4 Pharmaceuticals IncXFOR |
| 3.56% | 5.33% | $15.0M | 3.2M | $13.3M | 3.2M | 00.00% | Unchanged |
| EEYEPOINT INCEYPT |
| 3.35% | 5.37% | $14.1M | 988,230 | $13.4M | 1.0M | -48,507-4.68% | Reduce |
| CCYBIN INCHELP |
| 3.06% | 2.95% | $12.9M | 2.0M | $7.4M | 1.5M | +425,000+27.74% | Add |
| VVOR BIOPHARMA INCVOR |
| 2.83% | 5.02% | $11.9M | 648,600 | $12.5M | 700,000 | -51,400-7.34% | Reduce |
 VAXCYTE INCPCVX |
| 2.75% | 6.77% | $11.6M | 200,000 | $16.9M | 290,000 | -90,000-31.03% | Reduce |
| SSTATE STREET SPDR S&P BIOTECH ETFXBI |
| 2.64% | — | $11.1M | 140,600 | $0 | 0 | +140,600 | New Buy |
 MEDIWOUND LTD SHS NEWMDWD |
| 2.61% | 4.85% | $11.0M | 749,054 | $12.1M | 749,054 | 00.00% | Unchanged |
| SSELLAS LIFE SCIENCES GROUP ISLS |
| 2.02% | — | $8.5M | 568,700 | $0 | 0 | +568,700 | New Buy |
| CCELLDEX THERAPEUTICS INC NEWCLDX |
| 1.76% | 4.21% | $7.4M | 200,000 | $10.5M | 330,000 | -130,000-39.39% | Reduce |
 BIOCRYST PHARMACEUTICALS INCBCRX |
| 1.71% | 3.53% | $7.2M | 721,504 | $8.8M | 923,057 | -201,553-21.84% | Reduce |
 PROFOUND MED CORPORATION COM NEW (CANADA)PROF |
| 1.3% | 2.16% | $5.5M | 828,118 | $5.4M | 828,118 | 00.00% | Unchanged |
| TTALPHERA INCTLPH |
| 1.26% | 1.01% | $5.3M | 5.2M | $2.5M | 3.4M | +1.8M+54.13% | Add |
| AATEA PHARMACEUTICALS INC COMAVIR |
| 1.18% | 2.53% | $5.0M | 1.1M | $6.3M | 1.2M | -101,305-8.64% | Reduce |
| MMYOMO INC COM NEWMYO |
| 0.9% | 1.04% | $3.8M | 3.6M | $2.6M | 3.8M | -209,386-5.44% | Reduce |
| OOVID THERAPEUTICS INCOVID |
| 0.71% | 0.99% | $3.0M | 1.1M | $2.5M | 1.1M | 00.00% | Unchanged |
| NNEURAXIS INCNRXS |
| 0.7% | 0.68% | $3.0M | 508,055 | $1.7M | 286,138 | +221,917+77.56% | Add |
 ABIVAX SAABVX |
| 0.66% | — | $2.8M | 20,869 | $0 | 0 | +20,869 | New Buy |
| IINSPIREMD INCNSPR |
| 0.65% | 2.56% | $2.7M | 3.9M | $6.4M | 3.9M | 00.00% | Unchanged |
| RREGENTIS BIOMATERIALS LTDRGNT |
| 0.59% | 0.31% | $2.5M | 701,685 | $768,363 | 251,510 | +450,175+178.99% | Add |
 CG ONCOLOGY INCCGON |
| 0.52% | 2.72% | $2.2M | 31,000 | $6.8M | 100,000 | -69,000-69.00% | Reduce |
| PPOLYPID LTDPYPD |
| 0.47% | 1.05% | $2.0M | 389,455 | $2.6M | 597,926 | -208,471-34.87% | Reduce |
| BBIOFRONTERA INCBFRI |
| 0.29% | 0.38% | $1.2M | 1.3M | $941,645 | 1.2M | +111,647+9.59% | Add |
| KKURA ONCOLOGY INCKURA |
| 0.26% | 0.33% | $1.1M | 100,000 | $813,000 | 100,000 | 00.00% | Unchanged |
| SSPRUCE BIOSCIENCES INCSPRB |
| 0.26% | — | $1.1M | 20,000 | $0 | 0 | +20,000 | New Buy |
 AQUESTIVE THERAPEUTICS INCAQST |
| 0.25% | 0.42% | $1.0M | 250,000 | $1.0M | 250,000 | 00.00% | Unchanged |
| EEYEPOINT PHARMACEUTICALS INC |
| 0.17% | — | $704,200 | 50,300 | $0 | 0 | +50,300 | New Buy |
| OONKURE THERAPEUTICS INCOKUR |
| 0.16% | 0.74% | $684,000 | 150,000 | $1.8M | 443,763 | -293,763-66.20% | Reduce |
| PPEPGEN INCPEPG |
| 0.15% | — | $630,000 | 350,000 | $0 | 0 | +350,000 | New Buy |
| TTENAX THERAPEUTICS INCTENX |
| 0.02% | — | $93,000 | 6,200 | $0 | 0 | +6,200 | New Buy |
