EdgeMarket › What Ikarian Capital, Llc reported owning

What Ikarian Capital, Llc 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

1.2B

Positions

161

Quarter

2026-03-31

Shown below

50
largest by value
holdingvalue% of booksharesprice1y
unmapped CUSIP 88088110776.8M6.2%1.5M
KOD
Kodiak Sciences Inc.
48.3M3.9%1.3M38.33+303.5%
ALMS
ALUMIS INC.
26.7M2.2%1.2M24.17+448.1%
PCVX
Vaxcyte, Inc.
24.9M2.0%428.7K62.62+100.3%
PRAX
Praxis Precision Medicines, Inc.
23.1M1.9%71.6K375.94+730.8%
HROW
HARROW, INC.
19.1M1.6%543.0K40.95+7.1%
RLMD
RELMADA THERAPEUTICS, INC.
18.7M1.5%2.7M4.63+655.9%
CYTK
CYTOKINETICS INC
18.7M1.5%283.6K76.84+105.9%
TENX
TENAX THERAPEUTICS, INC.
16.3M1.3%1.0M1.75-70.7%
CAPR
CAPRICOR THERAPEUTICS, INC.
16.1M1.3%528.0K6.29-12.3%
RVMD
Revolution Medicines, Inc.
15.9M1.3%163.1K209.46+479.3%
CLDX
Celldex Therapeutics, Inc.
14.6M1.2%461.2K40.38+93.3%
PHVS
Pharvaris N.V.
13.8M1.1%486.9K36.27+57.7%
CNTB
Connect Biopharma Holdings Ltd
13.1M1.1%5.4M2.36+41.3%
DRUG
BRIGHT MINDS BIOSCIENCES INC.
12.2M1.0%166.6K77.42+80.0%
BBIO
BridgeBio Pharma, Inc.
11.9M1.0%160.1K81.50+66.7%
ORKA
Oruka Therapeutics, Inc.
11.9M1.0%242.0K107.96+649.7%
ANRO
Alto Neuroscience, Inc.
11.6M0.9%515.0K34.28+899.4%
unmapped CUSIP 83420330911.5M0.9%344.1K
MAZE
Maze Therapeutics, Inc.
11.3M0.9%379.0K29.43+118.3%
ANIP
ANI PHARMACEUTICALS INC
11.3M0.9%147.1K75.35-16.9%
CTNM
Contineum Therapeutics, Inc.
10.6M0.9%807.9K17.19+93.8%
RARE
Ultragenyx Pharmaceutical Inc.
10.1M0.8%482.6K25.83-12.0%
IONS
IONIS PHARMACEUTICALS INC
9.5M0.8%127.0K59.74+39.5%
OLMA
Olema Pharmaceuticals, Inc.
8.9M0.7%598.3K10.69+96.1%
EPRX
EUPRAXIA PHARMACEUTICALS INC.
8.8M0.7%1.2M6.73+27.1%
DMRA
Damora Therapeutics, Inc.
8.7M0.7%335.7K30.82+811.9%
PVLA
PALVELLA THERAPEUTICS, INC.
8.1M0.7%64.6K142.04+181.6%
FULC
Fulcrum Therapeutics, Inc.
8.0M0.7%1.0M3.83-41.7%
VERA
Vera Therapeutics, Inc.
8.0M0.7%200.0K32.27+46.0%
SPRB
SPRUCE BIOSCIENCES, INC.
7.9M0.6%121.4K51.58+65523.4%
IVA
Inventiva S.A.
7.8M0.6%1.4M4.68+2.2%
JBIO
Jade Biosciences, Inc.
7.2M0.6%512.3K21.34+211.5%
OCGN
Ocugen, Inc.
7.2M0.6%4.0M1.39+37.6%
ZURA
Zura Bio Ltd
7.1M0.6%1.2M5.85+234.3%
OVID
Ovid Therapeutics Inc.
6.4M0.5%2.9M2.80+194.7%
ABVX
Abivax S.A.
6.2M0.5%57.6K114.95+59.9%
LLY
ELI LILLY & Co
6.0M0.5%6.5K1,255.40+78.0%
ACOG
Alpha Cognition Inc.
5.8M0.5%1.1M9.75+22.0%
PTHS
Pelthos Therapeutics Inc.
5.4M0.4%256.6K25.51+19.1%
SRZN
Surrozen, Inc./DE
5.0M0.4%173.1K23.99+108.6%
TECX
Tectonic Therapeutic, Inc.
4.9M0.4%157.5K37.63+56.3%
ALEC
Alector, Inc.
4.5M0.4%2.1M2.36+7.3%
LEGN
Legend Biotech Corp
4.1M0.3%226.9K21.82-38.8%
KPTI
Karyopharm Therapeutics Inc.
4.1M0.3%733.4K1.96-69.8%
LPCN
Lipocine Inc.
4.1M0.3%508.6K2.09-31.2%
DCTH
DELCATH SYSTEMS, INC.
4.0M0.3%431.3K17.14+65.9%
ARVN
ARVINAS, INC.
3.8M0.3%358.3K9.37+31.9%
CMPS
COMPASS Pathways plc
3.7M0.3%675.0K13.33+226.7%
CRDL
Cardiol Therapeutics Inc.
3.7M0.3%2.7M1.86+60.3%

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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