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Ra Capital Management, L.P. Top Holdings and 13F Report (2026)

About Ra Capital Management, L.P.

Investment Activity

  • Ra Capital Management, L.P. has $9.44 billion in total holdings as of March 31, 2026.
  • Ra Capital Management, L.P. owns shares of 85 different stocks, but just 23 companies or ETFs make up 80% of its holdings.
  • Approximately 13.47% of the portfolio was purchased this quarter.
  • About 16.96% of the portfolio was sold this quarter.
  • This quarter, Ra Capital Management, L.P. has purchased 71 new stocks and bought additional shares in 17 stocks.
  • Ra Capital Management, L.P. sold shares of 2 stocks and completely divested from 10 stocks this quarter.

Largest Holdings

Ascendis Pharma A/S
$2,351,686,580
Vaxcyte
$666,788,948
Tyra Biosciences
$467,207,338
SIONNA THERAPEUTICS INC
$397,093,254

Largest New Holdings this Quarter

85220G109 - SPYGLASS PHARMA INC
$207,827,141 Holding
98887Q104 - Zai Lab
$107,353,598 Holding
803607100 - Sarepta Therapeutics
$84,920,489 Holding
36322Q206 - DAMORA THERAPEUTICS INC
$62,142,129 Holding
98401F105 - Xencor
$59,060,678 Holding

Largest Purchases this Quarter

SPYGLASS PHARMA INC
8,021,117 shares (about $207.83M)
Zai Lab
5,707,262 shares (about $107.35M)
Sarepta Therapeutics
3,902,596 shares (about $84.92M)
DIANTHUS THERAPEUTICS INC
1,000,000 shares (about $83.92M)
Nuvalent
654,088 shares (about $67.01M)

Largest Sales this Quarter

CONTINEUM THERAPEUTICS INC-A
883,699 shares (about $11.54M)
4D Molecular Therapeutics
603,432 shares (about $5.62M)

Sector Allocation Over Time

Map of 500 Largest Holdings ofRa Capital Management, L.P.

 
 
Selling
 
 
Neutral
 
 
Buying
Issuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSector
Ascendis Pharma A/S stock logo
ASND
Ascendis Pharma A/S
$2,351,686,5800.0%10,281,49624.9%Medical
Vaxcyte, Inc. stock logo
PCVX
Vaxcyte
$666,788,948$43,582,500 â–²7.0%11,474,5997.1%Medical
Rhythm Pharmaceuticals, Inc. stock logo
RYTM
Rhythm Pharmaceuticals
$579,814,8140.0%6,666,8376.1%Medical
Tyra Biosciences, Inc. stock logo
TYRA
Tyra Biosciences
$467,207,3380.0%12,198,6255.0%Medical
SIONNA THERAPEUTICS INC
$397,093,2540.0%9,905,0454.2%COMMON STOCK
Edgewise Therapeutics, Inc. stock logo
EWTX
Edgewise Therapeutics
$328,495,7660.0%10,428,4373.5%Medical
NewAmsterdam Pharma Company N.V. stock logo
NAMS
NewAmsterdam Pharma
$305,701,6140.0%9,550,1913.2%Medical
Nuvalent, Inc. stock logo
NUVL
Nuvalent
$259,623,155$67,011,316 â–²34.8%2,534,1452.8%Medical
DIANTHUS THERAPEUTICS INC
$219,176,633$83,920,000 â–²62.0%2,611,7332.3%COMMON STOCK
Mineralys Therapeutics, Inc. stock logo
MLYS
Mineralys Therapeutics
$208,396,598$9,996,210 â–²5.0%7,692,7502.2%Medical
SPYGLASS PHARMA INC
$207,827,141$207,827,141 â–²New Holding8,021,1172.2%COMMON STOCK
WAVE Life Sciences Ltd. stock logo
WVE
WAVE Life Sciences
$195,572,411$63,600,596 â–²48.2%26,975,5052.1%Medical
SEPTERNA INC
$168,110,4680.0%6,995,8581.8%COMMON STOCK
Disc Medicine, Inc. stock logo
IRON
Disc Medicine
$156,667,131$30,313,251 â–²24.0%2,450,2211.7%Medical
Janux Therapeutics, Inc. stock logo
JANX
Janux Therapeutics
$155,536,7330.0%11,189,6931.6%Medical
BioCryst Pharmaceuticals, Inc. stock logo
BCRX
BioCryst Pharmaceuticals
$150,674,8110.0%15,827,1861.6%Medical
BICARA THERAPEUTICS INC
$144,321,701$5,967,000 â–²4.3%7,255,9931.5%COMMON STOCK
PRAXIS PRECISION MEDICINES I
$120,430,4340.0%373,7871.3%COMMON STOCK
GH Research PLC stock logo
GHRS
GH Research
$107,934,3600.0%7,676,6971.1%Medical
Zai Lab Limited Unsponsored ADR stock logo
ZLAB
Zai Lab
$107,353,598$107,353,598 â–²New Holding5,707,2621.1%Medical
Taysha Gene Therapies, Inc. stock logo
TSHA
Taysha Gene Therapies
$105,293,7470.0%23,555,6481.1%Medical
VOR BIOPHARMA INC
$96,425,1640.0%5,404,9981.0%COMMON STOCK
Geron Corporation stock logo
GERN
Geron
$95,019,3350.0%63,771,3661.0%Medical
ARS Pharmaceuticals, Inc. stock logo
SPRY
ARS Pharmaceuticals
$87,213,6450.0%10,860,9770.9%Medical
Sarepta Therapeutics, Inc. stock logo
SRPT
Sarepta Therapeutics
$84,920,489$84,920,489 â–²New Holding3,902,5960.9%Medical
SPYRE THERAPEUTICS INC
$81,794,5130.0%1,621,6200.9%COMMON STOCK
EVOMMUNE INC
$80,341,728$824,605 â–²1.0%3,494,6380.9%COMMON STOCK
Eliem Therapeutics, Inc. stock logo
ELYM
Eliem Therapeutics
$77,411,432$48,710 â–²0.1%11,300,9390.8%Medical
Solid Biosciences Inc. stock logo
SLDB
Solid Biosciences
$67,247,842$25,405,596 â–²60.7%9,339,9780.7%Medical
ARTIVA BIOTHERAPEUTICS INC
$63,455,2650.0%9,853,3020.7%COMMON STOCK
DAMORA THERAPEUTICS INC
$62,142,129$62,142,129 â–²New Holding2,399,3100.7%COMMON STOCK
Xencor, Inc. stock logo
XNCR
Xencor
$59,060,678$59,060,678 â–²New Holding4,897,2370.6%Medical
LB PHARMACEUTICALS INC
$54,464,1750.0%2,208,6040.6%COMMON STOCK
JADE BIOSCIENCES INC
$51,578,7160.0%3,671,0830.5%COMMON STOCK
Acumen Pharmaceuticals, Inc. stock logo
ABOS
Acumen Pharmaceuticals
$49,542,699$14,303,030 â–²40.6%20,992,6690.5%Medical
4D Molecular Therapeutics, Inc. stock logo
FDMT
4D Molecular Therapeutics
$47,013,442$5,617,952 â–¼-10.7%5,049,7790.5%Medical
Fulcrum Therapeutics, Inc. stock logo
FULC
Fulcrum Therapeutics
$46,433,8730.0%6,053,9600.5%Medical
Capricor Therapeutics, Inc. stock logo
CAPR
Capricor Therapeutics
$45,838,4580.0%1,507,8440.5%Medical
Century Therapeutics, Inc. stock logo
IPSC
Century Therapeutics
$40,125,012$40,125,012 â–²New Holding17,754,4300.4%Medical
Olema Pharmaceuticals, Inc. stock logo
OLMA
Olema Pharmaceuticals
$38,766,0000.0%2,600,0000.4%Medical
LENZ THERAPEUTICS INC
$38,236,2300.0%4,178,8230.4%COMMON STOCK
MONOPAR THERAPEUTICS INC
$36,556,2720.0%667,2070.4%COMMON STOCK
PepGen, Inc. stock logo
PEPG
PepGen
$35,514,2450.0%20,064,5450.4%Medical
Design Therapeutics, Inc. stock logo
DSGN
Design Therapeutics
$31,632,433$16,083,339 â–²103.4%2,972,9730.3%Medical
Mirum Pharmaceuticals, Inc. stock logo
MIRM
Mirum Pharmaceuticals
$29,428,019$29,428,019 â–²New Holding318,5540.3%Medical
BIOAGE LABS INC
$28,869,834$28,869,834 â–²New Holding1,650,6480.3%COMMON STOCK
LEXEO THERAPEUTICS INC
$28,700,0000.0%5,000,0000.3%COMMON STOCK
ASSEMBLY BIOSCIENCES INC
$28,316,3780.0%1,020,4100.3%COMMON STOCK
Rezolute, Inc. stock logo
RZLT
Rezolute
$27,999,0000.0%9,180,0000.3%Medical
AKTIS ONCOLOGY INC
$26,890,173$26,890,173 â–²New Holding1,503,0840.3%COMMON STOCK
ALX Oncology Holdings Inc. stock logo
ALXO
ALX Oncology
$26,088,757$26,088,757 â–²New Holding13,011,8490.3%Medical
Aclaris Therapeutics, Inc. stock logo
ACRS
Aclaris Therapeutics
$25,515,270$25,515,270 â–²New Holding6,804,0720.3%Medical
Ovid Therapeutics stock logo
OVID
Ovid Therapeutics
$23,785,0800.0%10,714,0000.3%Medical
Nkarta, Inc. stock logo
NKTX
Nkarta
$22,798,8220.0%10,805,1290.2%Medical
Travere Therapeutics, Inc. stock logo
TVTX
Travere Therapeutics
$22,188,646$22,188,646 â–²New Holding746,8410.2%Medical
GRAIL INC
$22,132,7870.0%428,2660.2%COMMON STOCK
C4 Therapeutics, Inc. stock logo
CCCC
C4 Therapeutics
$21,040,0000.0%8,000,0000.2%Medical
Relmada Therapeutics, Inc. stock logo
RLMD
Relmada Therapeutics
$20,513,688$20,513,688 â–²New Holding2,947,3690.2%Medical
BENITEC BIOPHARMA INC
$19,702,5000.0%1,850,0000.2%COMMON STOCK
BRIGHT MINDS BIOSCIENCES INC
$19,337,050$19,337,050 â–²New Holding265,0000.2%COMMON STOCK
SUTRO BIOPHARMA INC
$17,818,297$17,818,297 â–²New Holding715,3070.2%COMMON STOCK
CONTINEUM THERAPEUTICS INC-A
$16,925,917$11,541,109 â–¼-40.5%1,296,0120.2%COMMON STOCK
SAB BIOTHERAPEUTICS INC
$16,857,7450.0%4,401,5000.2%COMMON STOCK
Inspire Medical Systems, Inc. stock logo
INSP
Inspire Medical Systems
$16,797,698$9,475,195 â–²129.4%325,6630.2%Medical
ANTERIS TECHNOLOGIES GLOBAL
$16,650,000$16,650,000 â–²New Holding3,000,0000.2%COMMON STOCK
ONKURE THERAPEUTICS INC-A
$16,553,099$16,553,099 â–²New Holding3,998,3330.2%COMMON STOCK
HINGE HEALTH INC-A
$14,059,477$10,970,320 â–²355.1%364,6130.1%COMMON STOCK
GeneDx Holdings Corp. stock logo
WGS
GeneDx
$13,478,943$9,751,357 â–²261.6%209,8870.1%Medical
WAYSTAR HOLDING CORP
$12,763,834$9,282,350 â–²266.6%529,4000.1%COMMON STOCK
HELIX ACQUISITION CORP-CL A
$12,700,000$12,700,000 â–²New Holding1,250,0000.1%COMMON STOCK
PALISADE BIO INC
$12,467,2030.0%7,124,1160.1%COMMON STOCK
Acrivon Therapeutics, Inc. stock logo
ACRV
Acrivon Therapeutics
$11,593,3060.0%8,340,5080.1%Medical
ATRIUM THERAPEUTICS INC
$11,553,044$11,553,044 â–²New Holding864,1020.1%COMMON STOCK
KARYOPHARM THERAPEUTICS INC
$10,679,662$10,679,662 â–²New Holding1,917,3540.1%COMMON STOCK
AVALO THERAPEUTICS INC
$9,898,1120.0%662,9680.1%COMMON STOCK
PERCEPTIVE CAPITAL SOLUTIONS
$8,227,5000.0%750,0000.1%COMMON STOCK
ADICET BIO INC
$8,053,669$1,596,094 â–²24.7%1,182,6240.1%COMMON STOCK
NewAmsterdam Pharma stock logo
NAMSW
NewAmsterdam Pharma
$6,679,9930.0%333,3330.1%Medical
Corvus Pharmaceuticals, Inc. stock logo
CRVS
Corvus Pharmaceuticals
$6,583,500$6,583,500 â–²New Holding450,0000.1%Medical
Rani Therapeutics Holdings, Inc. stock logo
RANI
Rani Therapeutics
$6,245,8000.0%8,500,0000.1%Medical
Equillium, Inc. stock logo
EQ
Equillium
$6,192,672$6,192,672 â–²New Holding3,096,3360.1%Medical
Werewolf Therapeutics, Inc. stock logo
HOWL
Werewolf Therapeutics
$5,562,8560.0%6,681,3070.1%Medical
MacroGenics, Inc. stock logo
MGNX
MacroGenics
$5,387,469$5,387,469 â–²New Holding1,864,1760.1%Medical
MAPLIGHT THERAPEUTICS INC
$5,047,817$5,047,817 â–²New Holding248,2940.1%COMMON STOCK
PALATIN TECHNOLOGIES INC
$1,219,4000.0%70,0000.0%COMMON STOCK
CIDARA THERAPEUTICS INC
$0$743,410,375 â–¼-100.0%00.0%SH
Avidity Biosciences, Inc. stock logo
RNA
Avidity Biosciences
$0$623,277,566 â–¼-100.0%00.0%Medical
Arcellx, Inc. stock logo
ACLX
Arcellx
$0$82,618,571 â–¼-100.0%00.0%Medical
Belite Bio, Inc. Sponsored ADR stock logo
BLTE
Belite Bio
$0$69,180,141 â–¼-100.0%00.0%Medical
Invivyd, Inc. stock logo
IVVD
Invivyd
$0$42,284,167 â–¼-100.0%00.0%Medical
MEDLINE INC-CL A
$0$14,070,000 â–¼-100.0%00.0%SH
Progyny, Inc. stock logo
PGNY
Progyny
$0$2,481,407 â–¼-100.0%00.0%Medical
QIAGEN N.V.
$0$2,081,683 â–¼-100.0%00.0%SH
OrthoPediatrics Corp. stock logo
KIDS
OrthoPediatrics
$0$1,952,872 â–¼-100.0%00.0%Medical
Health Catalyst, Inc. stock logo
HCAT
Health Catalyst
$0$1,897,060 â–¼-100.0%00.0%Medical

Showing largest 100 holdings. View all holdings.
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