Tang Capital Management LLC Top Holdings and 13F Report (2025) About Tang Capital Management LLCInvestment ActivityTang Capital Management LLC has $1.81 billion in total holdings as of March 31, 2025.Tang Capital Management LLC owns shares of 202 different stocks, but just 53 companies or ETFs make up 80% of its holdings.Approximately 25.18% of the portfolio was purchased this quarter.About 2.01% of the portfolio was sold this quarter.This quarter, Tang Capital Management LLC has purchased 183 new stocks and bought additional shares in 77 stocks.Tang Capital Management LLC sold shares of 31 stocks and completely divested from 7 stocks this quarter.Largest Holdings Tarsus Pharmaceuticals $126,102,922Galapagos $99,520,341Aurinia Pharmaceuticals $80,637,180Dynavax Technologies $74,577,500Evolus $60,118,710 Largest New Holdings this Quarter 00773J202 - SPYRE THERAPEUTICS INC $33,076,750 Holding00445A100 - Acelyrin $24,250,744 Holding492327101 - Keros Therapeutics $11,209,000 Holding04335A105 - Arvinas $9,784,476 Holding01609W102 - Alibaba Group $9,256,100 Holding Largest Purchases this Quarter Dynavax Technologies 3,900,000 shares (about $50.58M)Galapagos 1,800,597 shares (about $45.23M)KINIKSA PHARMACEUTICALS INTL 1,489,970 shares (about $33.09M)SPYRE THERAPEUTICS INC 2,050,000 shares (about $33.08M)Acelyrin 9,818,115 shares (about $24.25M) Largest Sales this Quarter Intra-Cellular Therapies 80,000 shares (about $10.55M)GRAIL INC 188,700 shares (about $4.82M)Seer 900,000 shares (about $1.52M)ImmunityBio 480,859 shares (about $1.45M)Viking Therapeutics 50,000 shares (about $1.21M) Sector Allocation Over TimeMap of 500 Largest Holdings ofTang Capital Management LLC Selling Neutral Buying Latest 13F Holdings and Changes Since Previous Quarterly FilingIssuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSectorTARSTarsus Pharmaceuticals$126,102,922$10,274,000 ▲8.9%2,454,7977.0%MedicalGLPGGalapagos$99,520,341$45,230,997 ▲83.3%3,961,7975.5%MedicalAUPHAurinia Pharmaceuticals$80,637,180$12,864,000 ▲19.0%10,029,5004.5%MedicalDVAXDynavax Technologies$74,577,500$50,583,000 ▲210.8%5,750,0004.1%MedicalEOLSEvolus$60,118,7100.0%4,997,3993.3%MedicalKALVKalVista Pharmaceuticals$57,028,349$553,355 ▲1.0%4,941,7983.2%MedicalIMCRImmunocore$56,839,056$10,684,404 ▲23.1%1,915,7083.1%MedicalMIRMMirum Pharmaceuticals$55,731,6700.0%1,237,1073.1%MedicalPTCTPTC Therapeutics$50,960,000$15,288,000 ▲42.9%1,000,0002.8%MedicalKINIKSA PHARMACEUTICALS INTL$47,053,640$33,092,234 ▲237.0%2,118,5792.6%ORD SHS CL AVRDNViridian Therapeutics$37,648,629$4,044,000 ▲12.0%2,792,9252.1%MedicalSPYRE THERAPEUTICS INC$33,076,750$33,076,750 ▲New Holding2,050,0001.8%COM NEWITCIIntra-Cellular Therapies$29,022,400$10,553,600 ▼-26.7%220,0001.6%MedicalANABAnaptysBio$28,724,394$3,983,354 ▲16.1%1,545,1531.6%MedicalREPLReplimune Group$28,275,000$1,950,000 ▲7.4%2,900,0001.6%MedicalLEGNLegend Biotech$28,161,900$12,893,400 ▲84.4%830,0001.6%MedicalACADACADIA Pharmaceuticals$24,915,0000.0%1,500,0001.4%MedicalBNTXBioNTech$24,586,2000.0%270,0001.4%MedicalSLRNAcelyrin$24,250,744$24,250,744 ▲New Holding9,818,1151.3%MedicalJAZZJazz Pharmaceuticals$23,588,500$6,207,500 ▲35.7%190,0001.3%MedicalANIPANI Pharmaceuticals$21,256,6250.0%317,5001.2%MedicalRLAYRelay Therapeutics$21,138,3120.0%8,068,0581.2%MedicalCMPXCompass Therapeutics$21,000,001$9,790,001 ▲87.3%11,052,6321.2%MedicalADMAADMA Biologics$20,832,000$9,920,000 ▲90.9%1,050,0001.2%MedicalLENZ THERAPEUTICS INC$19,718,0270.0%766,9401.1%COMAZNAstraZeneca$18,375,000$7,350,000 ▲66.7%250,0001.0%MedicalLQDALiquidia$17,700,000$1,475,000 ▲9.1%1,200,0001.0%MedicalNBIXNeurocrine Biosciences$16,590,0000.0%150,0000.9%MedicalAVADEL PHARMACEUTICALS PLC$16,423,425$4,698,000 ▲40.1%2,097,5000.9%COM SHSITOSiTeos Therapeutics$16,054,524$14,730,879 ▲1,112.9%2,689,2000.9%MedicalMETAMeta Platforms$15,892,958$561,945 ▲3.7%27,5750.9%Computer and TechnologyGSKGSK$15,496,0000.0%400,0000.9%MedicalNVDANVIDIA$15,451,6670.0%142,5690.9%Computer and TechnologySNYSanofi$14,974,2000.0%270,0000.8%MedicalAVIRAtea Pharmaceuticals$14,352,000$33,153 ▲0.2%4,800,0000.8%MedicalALTAltimmune$13,750,0000.0%2,750,0000.8%MedicalZYMEZymeworks$13,101,0000.0%1,100,0000.7%MedicalNKTXNkarta$12,982,260$8,761,817 ▲207.6%7,055,5760.7%MedicalCARGO THERAPEUTICS INC$12,452,694$9,847,894 ▲378.1%3,059,6300.7%COMCYBIN INC$11,602,815$3,170,000 ▲37.6%1,830,0970.6%COM NEWPCVXVaxcyte$11,328,0000.0%300,0000.6%MedicalKROSKeros Therapeutics$11,209,000$11,209,000 ▲New Holding1,100,0000.6%MedicalTDOCTeladoc Health$11,144,0000.0%1,400,0000.6%MedicalDERMJourney Medical$10,942,116$761,259 ▲7.5%1,854,5960.6%MedicalVNDAVanda Pharmaceuticals$10,801,6790.0%2,353,3070.6%MedicalBGNEBeiGene$10,070,2900.0%37,0000.6%MedicalARVNArvinas$9,784,476$9,784,476 ▲New Holding1,393,8000.5%MedicalHRMYHarmony Biosciences$9,333,0280.0%281,2000.5%MedicalBABAAlibaba Group$9,256,100$9,256,100 ▲New Holding70,0000.5%Retail/WholesaleCRSPCRISPR Therapeutics$9,068,9950.0%266,5000.5%MedicalMRNAModerna$8,655,255$150,255 ▲1.8%305,3000.5%MedicalCGEMCullinan Therapeutics$8,487,015$1,514,000 ▲21.7%1,121,1380.5%MedicalELANElanco Animal Health$8,401,050$1,050 ▲0.0%800,1000.5%MedicalPLRXPliant Therapeutics$8,100,000$8,100,000 ▲New Holding6,000,0000.4%MedicalBLCOBausch + Lomb$7,975,000$1,450,000 ▲22.2%550,0000.4%MedicalINSMInsmed$7,629,0000.0%100,0000.4%MedicalPHATPhathom Pharmaceuticals$7,524,000$4,389,000 ▲140.0%1,200,0000.4%MedicalAPOGEE THERAPEUTICS INC$7,472,000$3,736,000 ▲100.0%200,0000.4%COMHLVXHilleVax$7,134,0000.0%4,920,0000.4%MedicalIBRXImmunityBio$7,023,332$1,447,386 ▼-17.1%2,333,3330.4%MedicalNUVBNuvation Bio$6,864,0000.0%3,900,0000.4%MedicalEPIXESSA Pharma$6,794,0000.0%4,300,0000.4%MedicalEWTXEdgewise Therapeutics$6,600,0000.0%300,0000.4%MedicalVKTXViking Therapeutics$6,520,500$1,207,500 ▼-15.6%270,0000.4%MedicalDSGNDesign Therapeutics$6,488,564$772,000 ▲13.5%1,680,9750.4%MedicalREGNRegeneron Pharmaceuticals$6,342,300$5,073,840 ▲400.0%10,0000.4%MedicalACETAdicet Bio$6,208,827$58,606 ▲1.0%8,223,6120.3%MedicalBIOAGE LABS INC$6,016,000$1,058,963 ▲21.4%1,600,0000.3%COMBCRXBioCryst Pharmaceuticals$6,000,0000.0%800,0000.3%MedicalIOVAIovance Biotherapeutics$5,994,000$4,329,000 ▲260.0%1,800,0000.3%MedicalABCLAbCellera Biologics$5,798,000$38,320 ▲0.7%2,600,0000.3%MedicalRCKTRocket Pharmaceuticals$5,669,500$667,000 ▲13.3%850,0000.3%MedicalHRTXHeron Therapeutics$4,918,010$209,414 ▲4.4%2,235,4590.3%MedicalLNTHLantheus$4,880,0000.0%50,0000.3%MedicalDIANTHUS THERAPEUTICS INC$4,801,5130.0%264,6920.3%COMBIIBBiogen$4,789,4000.0%35,0000.3%MedicalIONSIonis Pharmaceuticals$4,525,5000.0%150,0000.3%MedicalCTMXCytomX Therapeutics$4,271,193$377,624 ▼-8.1%6,717,8250.2%MedicalMRUSMerus$4,209,0000.0%100,0000.2%MedicalCHRSCoherus BioSciences$4,113,571$1,168,021 ▲39.7%5,097,3620.2%MedicalJANXJanux Therapeutics$4,050,000$2,700,000 ▲200.0%150,0000.2%MedicalCYTKCytokinetics$4,019,0000.0%100,0000.2%MedicalCMPSCOMPASS Pathways$4,004,000$1,144,000 ▲40.0%1,400,0000.2%MedicalTGTXTG Therapeutics$3,943,0000.0%100,0000.2%MedicalGMABGenmab A/S$3,916,000$1,958,000 ▲100.0%200,0000.2%MedicalNVAXNovavax$3,846,0000.0%600,0000.2%MedicalAREAlexandria Real Estate Equities$3,700,4000.0%40,0000.2%FinanceVERAVera Therapeutics$3,603,000$3,603,000 ▲New Holding150,0000.2%MedicalSLNOSoleno Therapeutics$3,572,5000.0%50,0000.2%MedicalVTYXVentyx Biosciences$3,565,0000.0%3,100,0000.2%MedicalNUVLNuvalent$3,546,0000.0%50,0000.2%MedicalRVMDRevolution Medicines$3,536,0000.0%100,0000.2%MedicalKEZAR LIFE SCIENCES INC$3,513,6000.0%720,0000.2%COM NEWBHVNBiohaven$3,365,6000.0%140,0000.2%MedicalSTOKStoke Therapeutics$3,325,000$1,330,000 ▲66.7%500,0000.2%MedicalSWTXSpringWorks Therapeutics$3,277,3140.0%74,2650.2%MedicalVIRVir Biotechnology$3,240,000$3,240,000 ▲New Holding500,0000.2%MedicalTHRDTF Financial$3,226,153$2,705,653 ▲519.8%929,7270.2%MedicalPRECISION BIOSCIENCES INC$3,211,7940.0%673,3320.2%COM NEWBDTXBlack Diamond Therapeutics$3,208,8240.0%2,070,2090.2%MedicalShowing largest 100 holdings. 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