| SSTATE STREET SPDR S&P BIOTECH ETFXBI |
| 14.65% | 0.03% | $102.9M | 650,000 | $164,250 | 150,000 | +500,000+333.33% | Add |
| TTANGO THERAPEUTICS INCTNGX |
| 5.47% | 0.78% | $38.4M | 1.3M | $4.2M | 200,919 | +1.1M+558.48% | Add |
 ABIVAX SAABVX |
| 5.38% | 6.44% | $37.8M | 283,657 | $34.9M | 313,791 | -30,134-9.60% | Reduce |
| RREVOLUTION MEDICINES INC COMRVMD |
| 4.28% | 5.15% | $30.1M | 189,943 | $27.9M | 381,632 | -191,689-50.23% | Reduce |
| EERASCA INCERAS |
| 4.1% | 0.72% | $28.8M | 1.8M | $3.9M | 239,861 | +1.5M+636.22% | Add |
| TTYRA BIOSCIENCES INCTYRA |
| 2.88% | 1.42% | $20.2M | 632,754 | $7.7M | 293,177 | +339,577+115.83% | Add |
| DDIANTHUS THERAPEUTICS INCDNTH |
| 2.79% | 1.32% | $19.6M | 200,851 | $7.2M | 85,502 | +115,349+134.91% | Add |
| EENLIVEN THERAPEUTICS INCELVN |
| 2.51% | 2.63% | $17.6M | 346,914 | $14.2M | 363,438 | -16,524-4.55% | Reduce |
 BIOHAVEN LTDBHVN |
| 2.33% | 2.49% | $16.4M | 1.6M | $13.5M | 1.6M | -30,291-1.90% | Reduce |
 MINERALYS THERAPEUTICS INCMLYS |
| 2.32% | 2.66% | $16.3M | 602,686 | $14.4M | 533,378 | +69,308+12.99% | Add |
 Surrozen IncSRZN |
| 1.96% | 2.48% | $13.8M | 602,798 | $13.5M | 525,639 | +77,159+14.68% | Add |
| KKINIKSA PHARMACEUTICALS INTLKNSA |
| 1.91% | — | $13.4M | 209,234 | $0 | 0 | +209,234 | New Buy |
 SCHOLAR ROCK HLDG CORPSRRK |
| 1.87% | 9.49% | $13.2M | 239,146 | $51.5M | 1.1M | -896,350-78.94% | Reduce |
 ALKERMES PLCALKS |
| 1.85% | 0.52% | $13.0M | 248,015 | $2.8M | 80,492 | +167,523+208.12% | Add |
| FFIRST TRACKS BIOTHERAPEUTICSTRAX |
| 1.78% | — | $12.5M | 622,723 | $0 | 0 | +622,723 | New Buy |
 PRAXIS PRECISION MEDICINES IPRAX |
| 1.78% | 3.34% | $12.5M | 37,243 | $18.1M | 56,267 | -19,024-33.81% | Reduce |
 ROIVANT SCIENCES LTDROIV |
| 1.76% | 1.97% | $12.4M | 448,408 | $10.7M | 385,800 | +62,608+16.23% | Add |
| BBIOAGE LABS INCBIOA |
| 1.62% | 1.09% | $11.4M | 464,171 | $5.9M | 338,654 | +125,517+37.06% | Add |
 CG ONCOLOGY INCCGON |
| 1.61% | 2.57% | $11.3M | 159,349 | $13.9M | 205,622 | -46,273-22.50% | Reduce |
| OORUKA THERAPEUTICS INC COMORKA |
| 1.58% | — | $11.1M | 116,461 | $0 | 0 | +116,461 | New Buy |
| IIMMUNOVANT INCIMVT |
| 1.52% | 3.47% | $10.7M | 276,527 | $18.8M | 846,494 | -569,967-67.33% | Reduce |
 CELCUITY INCCELC |
| 1.46% | 1.26% | $10.3M | 98,203 | $6.9M | 60,062 | +38,141+63.50% | Add |
| RRELMADA THERAPEUTICS INCRLMD |
| 1.44% | 0.77% | $10.1M | 1.5M | $4.2M | 597,409 | +862,684+144.40% | Add |
| CCLIMB BIO INC COMCLYM |
| 1.38% | — | $9.7M | 742,745 | $0 | 0 | +742,745 | New Buy |
| SSPYRE THERAPEUTICS INCSYRE |
| 1.35% | 1.56% | $9.5M | 106,926 | $8.5M | 167,606 | -60,680-36.20% | Reduce |
 PERSONALIS INCPSNL |
| 1.33% | — | $9.3M | 717,783 | $0 | 0 | +717,783 | New Buy |
 ZURA BIO LTD CLASS A ORD SHSZURA |
| 1.15% | 0.83% | $8.1M | 1.4M | $4.5M | 753,520 | +614,695+81.58% | Add |
| IInflarx Nv |
| 1.03% | — | $7.2M | 3.2M | $0 | 0 | +3.2M | New Buy |
| AAMYLYX PHARMACEUTICALS INCAMLX |
| 0.98% | 1.72% | $6.9M | 384,304 | $9.3M | 669,685 | -285,381-42.61% | Reduce |
| CCELLDEX THERAPEUTICS INC NEWCLDX |
| 0.95% | 1.49% | $6.6M | 178,412 | $8.1M | 254,267 | -75,855-29.83% | Reduce |
| OOVID THERAPEUTICS INCOVID |
| 0.93% | — | $6.5M | 2.4M | $0 | 0 | +2.4M | New Buy |
| EEQUILLIUM INCEQ |
| 0.92% | — | $6.5M | 2.0M | $0 | 0 | +2.0M | New Buy |
| DDEFINIUM THERAPEUTICS INCDFTX |
| 0.92% | 1.13% | $6.5M | 137,124 | $6.2M | 325,483 | -188,359-57.87% | Reduce |
 CYTOKINETICS INCCYTK |
| 0.92% | 1.57% | $6.4M | 75,603 | $8.5M | 129,577 | -53,974-41.65% | Reduce |
| DDAMORA THERAPEUTICS INCDMRA |
| 0.8% | — | $5.6M | 216,194 | $0 | 0 | +216,194 | New Buy |
 AMGEN INC COMAMGN |
| 0.77% | — | $5.4M | 15,000 | $0 | 0 | +15,000 | New Buy |
| IINVENTIVA SAIVA |
| 0.77% | — | $5.4M | 1.4M | $0 | 0 | +1.4M | New Buy |
| CCENTURY THERAPEUTICS INC COMIPSC |
| 0.75% | — | $5.3M | 2.1M | $0 | 0 | +2.1M | New Buy |
| AAURA BIOSCIENCES INCAURA |
| 0.72% | — | $5.1M | 714,280 | $0 | 0 | +714,280 | New Buy |
| EEYEPOINT INCEYPT |
| 0.69% | 1.93% | $4.8M | 338,471 | $10.5M | 810,764 | -472,293-58.25% | Reduce |
 ASTRAZENECA PLCAZN |
| 0.68% | — | $4.8M | 25,000 | $0 | 0 | +25,000 | New Buy |
| AASSEMBLY BIOSCIENCES INCASMB |
| 0.67% | 0.95% | $4.7M | 170,378 | $5.1M | 185,435 | -15,057-8.12% | Reduce |
| WWHITEHAWK THERAPEUTICS INCWHWK |
| 0.67% | 0.6% | $4.7M | 1.0M | $3.2M | 939,369 | +81,668+8.69% | Add |
 XENON PHARMACEUTICALS INCXENE |
| 0.65% | 1.51% | $4.6M | 76,075 | $8.2M | 140,755 | -64,680-45.95% | Reduce |
| AARK ETF TRARKG |
| 0.6% | — | $4.2M | 100,000 | $0 | 0 | +100,000 | New Buy |
 UNIQURE NVQURE |
| 0.58% | 0.24% | $4.1M | 88,115 | $1.3M | 78,066 | +10,049+12.87% | Add |
 COMPASS PATHWAYS ADR A FUNSPONSORED ADR 1 ADR REPS 1 ORD SHSCMPS |
| 0.57% | — | $4.0M | 284,769 | $0 | 0 | +284,769 | New Buy |
| AAVALYN PHARMACEUTICALS INCAVLN |
| 0.55% | — | $3.9M | 118,000 | $0 | 0 | +118,000 | New Buy |
| MMAPLIGHT THERAPEUTICS INCMPLT |
| 0.55% | 0.37% | $3.8M | 106,906 | $2.0M | 100,000 | +6,906+6.91% | Add |
 ALUMIS INCALMS |
| 0.54% | 0.93% | $3.8M | 135,736 | $5.1M | 229,566 | -93,830-40.87% | Reduce |
