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Tang Capital Management LLC Top Holdings and 13F Report (2025)

About Tang Capital Management LLC

Investment Activity

  • Tang Capital Management LLC has $1.98 billion in total holdings as of June 30, 2025.
  • Tang Capital Management LLC owns shares of 200 different stocks, but just 56 companies or ETFs make up 80% of its holdings.
  • Approximately 14.23% of the portfolio was purchased this quarter.
  • About 8.28% of the portfolio was sold this quarter.
  • This quarter, Tang Capital Management LLC has purchased 202 new stocks and bought additional shares in 33 stocks.
  • Tang Capital Management LLC sold shares of 51 stocks and completely divested from 22 stocks this quarter.

Largest Holdings

Galapagos
$111,683,207
Immunocore
$66,073,979
KINIKSA PHARMACEUTICALS INTL
$64,432,611

Largest New Holdings this Quarter

592688105 - Mettler-Toledo International
$22,907,040 Holding
M96088105 - Urogen Pharma
$13,700,000 Holding
89422G107 - Travere Therapeutics
$10,360,000 Holding
81663L200 - GeneDx
$9,231,000 Holding
532457108 - Eli Lilly and Company
$7,795,300 Holding

Largest Purchases this Quarter

Vera Therapeutics
1,200,000 shares (about $28.27M)
Merus
500,000 shares (about $26.30M)
Mettler-Toledo International
19,500 shares (about $22.91M)
Boeing
99,594 shares (about $20.87M)
SPYRE THERAPEUTICS INC
1,150,000 shares (about $17.22M)

Largest Sales this Quarter

Dynavax Technologies
3,800,500 shares (about $37.70M)
AstraZeneca
100,000 shares (about $6.99M)
AnaptysBio
214,274 shares (about $4.76M)
Sanofi
70,000 shares (about $3.38M)
NVIDIA
12,060 shares (about $1.91M)

Sector Allocation Over Time

Map of 500 Largest Holdings ofTang Capital Management LLC

 
 
Selling
 
 
Neutral
 
 
Buying
Issuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSector
Galapagos NV stock logo
GLPG
Galapagos
$111,683,207$792,509 0.7%3,990,1115.6%Medical
Tarsus Pharmaceuticals, Inc. stock logo
TARS
Tarsus Pharmaceuticals
$99,443,8260.0%2,454,7975.0%Medical
Aurinia Pharmaceuticals Inc stock logo
AUPH
Aurinia Pharmaceuticals
$84,949,8650.0%10,029,5004.3%Medical
Immunocore Holdings PLC Sponsored ADR stock logo
IMCR
Immunocore
$66,073,979$5,959,062 9.9%2,105,6083.3%Medical
KINIKSA PHARMACEUTICALS INTL
$64,432,611$5,811,530 9.9%2,328,6093.3%ORD SHS CL A
Mirum Pharmaceuticals, Inc. stock logo
MIRM
Mirum Pharmaceuticals
$62,901,414$54,961 -0.1%1,236,0273.2%Medical
KalVista Pharmaceuticals, Inc. stock logo
KALV
KalVista Pharmaceuticals
$55,867,0260.0%4,941,7982.8%Medical
PTC Therapeutics, Inc. stock logo
PTCT
PTC Therapeutics
$53,724,000$4,884,000 10.0%1,100,0002.7%Medical
SPYRE THERAPEUTICS INC
$47,904,000$17,215,500 56.1%3,200,0002.4%COM NEW
Evolus, Inc. stock logo
EOLS
Evolus
$46,026,0450.0%4,997,3992.3%Medical
Viridian Therapeutics, Inc. stock logo
VRDN
Viridian Therapeutics
$39,744,092$699,000 1.8%2,842,9252.0%Medical
iTeos Therapeutics, Inc. stock logo
ITOS
iTeos Therapeutics
$38,152,119$11,340,795 42.3%3,826,6921.9%Medical
Compass Therapeutics, Inc. stock logo
CMPX
Compass Therapeutics
$35,090,141$6,353,298 22.1%13,496,2081.8%Medical
ACADIA Pharmaceuticals Inc. stock logo
ACAD
ACADIA Pharmaceuticals
$32,355,0000.0%1,500,0001.6%Medical
Vera Therapeutics, Inc. stock logo
VERA
Vera Therapeutics
$31,806,000$28,272,000 800.0%1,350,0001.6%Medical
Merus N.V. stock logo
MRUS
Merus
$31,560,000$26,300,000 500.0%600,0001.6%Medical
Replimune Group, Inc. stock logo
REPL
Replimune Group
$29,728,000$2,787,000 10.3%3,200,0001.5%Medical
AnaptysBio, Inc. stock logo
ANAB
AnaptysBio
$29,545,514$4,756,883 -13.9%1,330,8791.5%Medical
Legend Biotech Corporation Sponsored ADR stock logo
LEGN
Legend Biotech
$29,456,7000.0%830,0001.5%Medical
BioNTech SE Sponsored ADR stock logo
BNTX
BioNTech
$28,746,9000.0%270,0001.5%Medical
Relay Therapeutics, Inc. stock logo
RLAY
Relay Therapeutics
$27,915,4810.0%8,068,0581.4%Medical
LENZ THERAPEUTICS INC
$26,309,125$3,830,114 17.0%897,6161.3%COM
CytomX Therapeutics, Inc. stock logo
CTMX
CytomX Therapeutics
$25,119,053$9,869,590 64.7%11,065,6621.3%Medical
Mettler-Toledo International, Inc. stock logo
MTD
Mettler-Toledo International
$22,907,040$22,907,040 New Holding19,5001.2%Medical
The Boeing Company stock logo
BA
Boeing
$22,139,402$20,867,971 1,641.3%105,6621.1%Aerospace
ANI Pharmaceuticals, Inc. stock logo
ANIP
ANI Pharmaceuticals
$20,716,8750.0%317,5001.0%Medical
NVIDIA Corporation stock logo
NVDA
NVIDIA
$20,619,174$1,905,365 -8.5%130,5091.0%Computer and Technology
Jazz Pharmaceuticals PLC stock logo
JAZZ
Jazz Pharmaceuticals
$20,162,8000.0%190,0001.0%Medical
Insmed, Inc. stock logo
INSM
Insmed
$20,128,000$10,064,000 100.0%200,0001.0%Medical
Dynavax Technologies Corporation stock logo
DVAX
Dynavax Technologies
$19,339,040$37,700,960 -66.1%1,949,5001.0%Medical
Meta Platforms, Inc. stock logo
META
Meta Platforms
$19,196,445$1,156,599 -5.7%26,0081.0%Computer and Technology
ADMA Biologics Inc stock logo
ADMA
ADMA Biologics
$19,120,5000.0%1,050,0001.0%Medical
Keros Therapeutics, Inc. stock logo
KROS
Keros Therapeutics
$18,943,436$4,258,436 29.0%1,418,9841.0%Medical
Neurocrine Biosciences, Inc. stock logo
NBIX
Neurocrine Biosciences
$18,853,5000.0%150,0001.0%Medical
AVADEL PHARMACEUTICALS PLC
$18,562,8750.0%2,097,5000.9%COM SHS
Atea Pharmaceuticals, Inc. stock logo
AVIR
Atea Pharmaceuticals
$17,601,120$321,120 1.9%4,889,2000.9%Medical
GSK PLC Sponsored ADR stock logo
GSK
GSK
$15,360,0000.0%400,0000.8%Medical
CYBIN INC
$15,354,5140.0%1,830,0970.8%COM NEW
Liquidia Technologies, Inc. stock logo
LQDA
Liquidia Technologies
$14,251,237$700,763 -4.7%1,143,7590.7%Medical
Zymeworks Inc. stock logo
ZYME
Zymeworks
$13,805,0000.0%1,100,0000.7%Medical
Urogen Pharma stock logo
URGN
Urogen Pharma
$13,700,000$13,700,000 New Holding1,000,0000.7%Medical
Journey Medical Corporation stock logo
DERM
Journey Medical
$13,315,9990.0%1,854,5960.7%Medical
CARGO THERAPEUTICS INC
$12,605,6760.0%3,059,6300.6%COM
Teladoc Health, Inc. stock logo
TDOC
Teladoc Health
$12,194,0000.0%1,400,0000.6%Medical
Nkarta, Inc. stock logo
NKTX
Nkarta
$11,712,2560.0%7,055,5760.6%Medical
Elanco Animal Health Incorporated stock logo
ELAN
Elanco Animal Health
$11,425,4280.0%800,1000.6%Medical
Vanda Pharmaceuticals Inc. stock logo
VNDA
Vanda Pharmaceuticals
$11,107,6090.0%2,353,3070.6%Medical
Altimmune, Inc. stock logo
ALT
Altimmune
$10,642,5000.0%2,750,0000.5%Medical
AstraZeneca PLC stock logo
AZN
AstraZeneca
$10,482,000$6,988,000 -40.0%150,0000.5%Medical
Travere Therapeutics, Inc. stock logo
TVTX
Travere Therapeutics
$10,360,000$10,360,000 New Holding700,0000.5%Medical
Arvinas, Inc. stock logo
ARVN
Arvinas
$10,258,3680.0%1,393,8000.5%Medical
Viking Therapeutics, Inc. stock logo
VKTX
Viking Therapeutics
$9,805,000$2,650,000 37.0%370,0000.5%Medical
HilleVax, Inc. stock logo
HLVX
HilleVax
$9,790,8000.0%4,920,0000.5%Medical
Vaxcyte, Inc. stock logo
PCVX
Vaxcyte
$9,753,0000.0%300,0000.5%Medical
Sanofi stock logo
SNY
Sanofi
$9,662,000$3,381,700 -25.9%200,0000.5%Medical
GeneDx Holdings Corp. stock logo
WGS
GeneDx
$9,231,000$9,231,000 New Holding100,0000.5%Medical
AbCellera Biologics Inc. stock logo
ABCL
AbCellera Biologics
$8,918,0000.0%2,600,0000.5%Medical
Harmony Biosciences Holdings, Inc. stock logo
HRMY
Harmony Biosciences
$8,885,9200.0%281,2000.4%Medical
APOGEE THERAPEUTICS INC
$8,686,0000.0%200,0000.4%COM
IDEXX Laboratories, Inc. stock logo
IDXX
IDEXX Laboratories
$8,581,440$5,899,740 220.0%16,0000.4%Medical
Cullinan Therapeutics, Inc. stock logo
CGEM
Cullinan Therapeutics
$8,442,1690.0%1,121,1380.4%Medical
Moderna, Inc. stock logo
MRNA
Moderna
$8,423,2270.0%305,3000.4%Medical
Alibaba Group Holding Limited stock logo
BABA
Alibaba Group
$7,938,7000.0%70,0000.4%Retail/Wholesale
Eli Lilly and Company stock logo
LLY
Eli Lilly and Company
$7,795,300$7,795,300 New Holding10,0000.4%Medical
Nuvation Bio Inc. stock logo
NUVB
Nuvation Bio
$7,605,0000.0%3,900,0000.4%Medical
ESSA Pharma Inc. stock logo
EPIX
ESSA Pharma
$7,310,0000.0%4,300,0000.4%Medical
Sarepta Therapeutics, Inc. stock logo
SRPT
Sarepta Therapeutics
$7,187,130$7,187,130 New Holding420,3000.4%Medical
BioCryst Pharmaceuticals, Inc. stock logo
BCRX
BioCryst Pharmaceuticals
$7,168,0000.0%800,0000.4%Medical
Bausch + Lomb Corporation stock logo
BLCO
Bausch + Lomb
$7,155,5000.0%550,0000.4%Medical
Pliant Therapeutics, Inc. stock logo
PLRX
Pliant Therapeutics
$6,960,0000.0%6,000,0000.4%Medical
Ventyx Biosciences, Inc. stock logo
VTYX
Ventyx Biosciences
$6,634,0000.0%3,100,0000.3%Medical
BIOAGE LABS INC
$6,608,0000.0%1,600,0000.3%COM
ImmunityBio, Inc. stock logo
IBRX
ImmunityBio
$6,159,9990.0%2,333,3330.3%Medical
Design Therapeutics, Inc. stock logo
DSGN
Design Therapeutics
$6,001,886$337,000 5.9%1,780,9750.3%Medical
ALUMIS INC
$5,990,391$5,990,391 New Holding1,996,7970.3%COM
Ionis Pharmaceuticals, Inc. stock logo
IONS
Ionis Pharmaceuticals
$5,926,5000.0%150,0000.3%Medical
Stoke Therapeutics, Inc. stock logo
STOK
Stoke Therapeutics
$5,675,0000.0%500,0000.3%Medical
Edgewise Therapeutics, Inc. stock logo
EWTX
Edgewise Therapeutics
$5,654,343$1,721,343 43.8%431,3000.3%Medical
Summit Therapeutics PLC stock logo
SMMT
Summit Therapeutics
$5,320,000$5,320,000 New Holding250,0000.3%Medical
Regeneron Pharmaceuticals, Inc. stock logo
REGN
Regeneron Pharmaceuticals
$5,250,0000.0%10,0000.3%Medical
Black Diamond Therapeutics, Inc. stock logo
BDTX
Black Diamond Therapeutics
$5,134,1180.0%2,070,2090.3%Medical
Third Harmonic Bio, Inc. stock logo
THRD
Third Harmonic Bio
$5,048,4180.0%929,7270.3%Medical
Adicet Bio, Inc. stock logo
ACET
Adicet Bio
$5,016,4030.0%8,223,6120.3%Medical
DIANTHUS THERAPEUTICS INC
$4,931,2120.0%264,6920.2%COM
Bausch Health Cos Inc. stock logo
BHC
Bausch Health Cos
$4,907,268$4,907,268 New Holding736,8270.2%Medical
Janux Therapeutics, Inc. stock logo
JANX
Janux Therapeutics
$4,620,000$1,155,000 33.3%200,0000.2%Medical
Vertex Pharmaceuticals Incorporated stock logo
VRTX
Vertex Pharmaceuticals
$4,452,000$4,452,000 New Holding10,0000.2%Medical
Heron Therapeutics, Inc. stock logo
HRTX
Heron Therapeutics
$4,420,400$207,000 -4.5%2,135,4590.2%Medical
Biogen Inc. stock logo
BIIB
Biogen
$4,395,6500.0%35,0000.2%Medical
Soleno Therapeutics, Inc. stock logo
SLNO
Soleno Therapeutics
$4,189,0000.0%50,0000.2%Medical
Genmab A/S Sponsored ADR stock logo
GMAB
Genmab A/S
$4,132,0000.0%200,0000.2%Medical
Lantheus Holdings, Inc. stock logo
LNTH
Lantheus
$4,093,0000.0%50,0000.2%Medical
Mind Medicine (MindMed) Inc. stock logo
MNMD
Mind Medicine (MindMed)
$3,895,298$1,298,000 50.0%600,2000.2%Medical
Nuvalent, Inc. stock logo
NUVL
Nuvalent
$3,815,0000.0%50,0000.2%Medical
Novavax, Inc. stock logo
NVAX
Novavax
$3,780,0000.0%600,0000.2%Medical
Coherus Oncology, Inc. stock logo
CHRS
Coherus Oncology
$3,727,7010.0%5,097,3620.2%Medical
Revolution Medicines, Inc. stock logo
RVMD
Revolution Medicines
$3,679,0000.0%100,0000.2%Medical
COMPASS Pathways PLC Sponsored ADR stock logo
CMPS
COMPASS Pathways
$3,640,000$280,000 -7.1%1,300,0000.2%Medical
TG Therapeutics, Inc. stock logo
TGTX
TG Therapeutics
$3,599,0000.0%100,0000.2%Medical
TECTONIC THERAPEUTIC INC
$3,560,0280.0%179,1660.2%COM

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