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Portfolio (Quarterly) Guide ↗

Trails Edge Capital Partners, LP

· CIK 0002077247
13F Portfolio $630M AUM 35 positions Filed Aug 14, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q1 2026 · All 13 New 10 Added 6 Reduced 5 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 FIRST TRACKS BIOTHERAPEUTICS 1,514,000.0 $30.5M 4.84% NEW $20.12
2 BMRN BIOMARIN PHARMACEUTICAL INC Healthcare 512,000.0 $29.3M 4.65% NEW $57.22 +16.6%
3 INSM INSMED INC Healthcare 230,331.0 $24.6M 3.90% NEW $106.62 +18.0%
4 KLRA KAILERA THERAPEUTICS INC Healthcare 984,786.0 $21.7M 3.44% NEW $22.03 -22.1%
5 INCY INCYTE CORP Healthcare 155,000.0 $17.6M 2.79% NEW $113.36 +12.7%
6 AVALO THERAPEUTICS INC 891,881.0 $16.5M 2.62% NEW $18.48
7 MLTX MOONLAKE IMMUNOTHERAPEUTICS Healthcare 750,000.0 $14.6M 2.32% NEW $19.47 -19.1%
8 AURA AURA BIOSCIENCES INC Healthcare 1,443,333.0 $10.2M 1.63% NEW $7.10 +9.9%
9 ALT ALTIMMUNE INC Healthcare 2,660,000.0 $8.1M 1.28% NEW $3.04 +2.3%
10 ONKURE THERAPEUTICS INC 1,438,456.0 $6.6M 1.04% NEW $4.56
11 FORTE BIOSCIENCES INC 273,181.0 $5.8M 0.92% NEW $21.25
12 RESEARCH ALLIANCE CORP III 500,000.0 $5.3M 0.85% NEW $10.70
13 IMA IMAGENEBIO INC Healthcare 282,004.0 $1.7M 0.26% NEW $5.90 -6.6%

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%