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Portfolio (Quarterly) Guide ↗

Lion Point Capital, LP

· CIK 0001643354
13F Portfolio $19M AUM Filed Feb 17, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 39 New
Page 1 of 2  ·  39 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 MIST MILESTONE PHARMACEUTICALS IN Healthcare 755,000.0 $1.5M 7.89% NEW $2.02 -30.2%
2 PRAXIS PRECISION MEDICINES I 4,450.0 $1.3M 6.79% NEW $294.74
3 MLTX MOONLAKE IMMUNOTHERAPEUTICS Healthcare 67,500.0 $890K 4.60% NEW $13.18 +38.0%
4 FENC FENNEC PHARMACEUTICALS INC Healthcare 112,434.0 $866K 4.48% NEW $7.70 +29.0%
5 JASPER THERAPEUTICS INC 465,000.0 $851K 4.40% NEW $1.83
6 BENITEC BIOPHARMA INC 62,000.0 $835K 4.32% NEW $13.47
7 RPRX ROYALTY PHARMA PLC Healthcare 21,400.0 $827K 4.28% NEW $38.64 +41.0%
8 GERN GERON CORP Healthcare 578,000.0 $763K 3.95% NEW $1.32 -3.0%
9 SNDX SYNDAX PHARMACEUTICALS INC Healthcare 36,000.0 $756K 3.91% NEW $21.01 -5.1%
10 ARDX ARDELYX INC Healthcare 128,650.0 $750K 3.88% NEW $5.83 +4.8%
11 CUE BIOPHARMA INC 2,202,854.0 $673K 3.48% NEW $0.31
12 DISC MEDICINE INC 8,100.0 $643K 3.33% NEW $79.41
13 SRPT SAREPTA THERAPEUTICS INC Healthcare 28,500.0 $613K 3.17% NEW $21.52 -21.9%
14 BIOHAVEN LTD 51,700.0 $584K 3.02% NEW $11.29
15 HUMA HUMACYTE INC Healthcare 500,000.0 $480K 2.48% NEW $0.96 +9.3%
16 KURA KURA ONCOLOGY INC Healthcare 46,000.0 $478K 2.47% NEW $10.39 +8.3%
17 MCRB SERES THERAPEUTICS INC Healthcare 31,570.0 $470K 2.43% NEW $14.88 -46.8%
18 CMPS COMPASS PATHWAYS PLC Healthcare 58,000.0 $400K 2.07% NEW $6.90 +71.2%
19 DAWN DAY ONE BIOPHARMACEUTICALS I Healthcare 42,000.0 $391K 2.03% NEW $9.32 +131.0%
20 RGNX REGENXBIO INC Healthcare 26,600.0 $383K 1.98% NEW $14.40 -55.9%
Page 1 of 2  ·  39 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Healthcare 100.0%