EdgeMarket › What Cormorant Asset Management, Lp reported owning

What Cormorant Asset Management, Lp reported owning

As filed on Form 13F for the quarter ending 2026-03-31, up to 45 days after that date. Long-only US-listed equity — shorts, bonds, cash and non-US listings are not on the form, so this is one leg of the book, not the book.

Reported value

2.0B

Positions

47

Quarter

2026-03-31

Shown below

46
largest by value
holdingvalue% of booksharesprice1y
PRAX
Praxis Precision Medicines, Inc.
285.3M14.3%885.5K375.94+730.8%
BBOT
BridgeBio Oncology Therapeutics, Inc.
160.0M8.0%17.9M9.08-5.7%
EYPT
EyePoint, Inc.
106.5M5.4%8.3M5.32-53.8%
EWTX
Edgewise Therapeutics, Inc.
102.7M5.2%3.3M44.18+219.2%
ERAS
Erasca, Inc.
93.8M4.7%5.8M17.63+1107.5%
RAPP
Rapport Therapeutics, Inc.
92.5M4.6%3.0M48.24+236.9%
ALMS
ALUMIS INC.
87.0M4.4%3.9M24.17+448.1%
ABVX
Abivax S.A.
84.6M4.3%760.0K114.95+59.9%
MLTX
MoonLake Immunotherapeutics
83.5M4.2%4.5M15.76-70.9%
DNTH
Dianthus Therapeutics, Inc. /DE/
79.7M4.0%950.0K111.10+374.4%
DRUG
BRIGHT MINDS BIOSCIENCES INC.
77.3M3.9%1.1M77.42+80.0%
BBIO
BridgeBio Pharma, Inc.
63.1M3.2%850.0K81.50+66.7%
OLMA
Olema Pharmaceuticals, Inc.
58.1M2.9%3.9M10.69+96.1%
BIOA
BioAge Labs, Inc.
50.6M2.5%2.9M9.48+113.5%
unmapped CUSIP 15230910041.7M2.1%1.1M
DMRA
Damora Therapeutics, Inc.
39.5M2.0%1.5M30.82+811.9%
MBX
MBX Biosciences, Inc.
33.4M1.7%1.1M66.33+386.6%
INSM
INSMED Inc
31.1M1.6%190.0K125.77-2.8%
NAMS
NewAmsterdam Pharma Co N.V.
30.4M1.5%950.0K27.87+14.6%
TNGX
Tango Therapeutics, Inc.
29.8M1.5%1.4M23.88+253.8%
PHVS
Pharvaris N.V.
28.2M1.4%1.0M36.27+57.7%
ORKA
Oruka Therapeutics, Inc.
26.2M1.3%533.3K107.96+649.7%
AGMB
Agomab Therapeutics NV
25.9M1.3%2.5M13.25
MAZE
Maze Therapeutics, Inc.
22.4M1.1%750.0K29.43+118.3%
CRBP
Corbus Pharmaceuticals Holdings, Inc.
22.0M1.1%2.3M10.38+12.6%
ASND
Ascendis Pharma A/S
21.7M1.1%95.0K253.29+31.4%
ROIV
Roivant Sciences Ltd.
20.8M1.0%750.0K36.30+209.7%
ANL
Adlai Nortye Ltd.
20.1M1.0%2.9M13.70+720.4%
unmapped CUSIP 88088110715.8M0.8%300.0K
TARS
Tarsus Pharmaceuticals, Inc.
15.8M0.8%225.0K72.70+31.2%
BHVN
Biohaven Ltd.
14.9M0.7%1.8M13.85-5.8%
CABA
Cabaletta Bio, Inc.
14.8M0.7%5.5M3.13+98.1%
HLXC
Helix Acquisition Corp. III
13.2M0.7%1.3M10.93
ARQT
Arcutis Biotherapeutics, Inc.
10.6M0.5%450.0K25.08+58.8%
FTH
Faeth Therapeutics, Inc.
9.7M0.5%306.2K32.00+302.1%
CRNX
Crinetics Pharmaceuticals, Inc.
9.1M0.5%250.0K84.69+191.1%
ZURA
Zura Bio Ltd
8.6M0.4%1.4M5.85+234.3%
AXSM
Axsome Therapeutics, Inc.
8.5M0.4%50.0K207.77+77.6%
GPCR
Structure Therapeutics Inc.
8.4M0.4%175.0K49.09+164.4%
COGT
Cogent Biosciences, Inc.
7.7M0.4%200.0K36.73+209.6%
GLUE
Monte Rosa Therapeutics, Inc.
6.6M0.3%400.0K14.30+222.8%
ARWR
ARROWHEAD PHARMACEUTICALS, INC.
6.3M0.3%100.0K87.11+331.2%
PCVX
Vaxcyte, Inc.
5.8M0.3%100.0K62.62+100.3%
AMLX
Amylyx Pharmaceuticals, Inc.
4.9M0.2%350.0K38.66+381.4%
RLYB
Rallybio Corp
3.6M0.2%400.0K16.83+247.0%
CNTX
Context Therapeutics Inc.
1.4M0.1%529.5K0.50-44.7%

A position that grew quarter on quarter may simply reflect a higher price: if the stock rose 40% and the manager did nothing, the reported value rose 40%. Reading that as accumulation is reading the price back to yourself. More on that →

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