WhaleCreep

RA Capital Management, L.P. 13F holdings, Q1 2021

Hedge fundSEC filingsCompare with another fundHoldings as of 2021-03-31, filed 2021-05-17

RA Capital Management, L.P. disclosed 82 US equity positions worth $6.6bn in its Q1 2021 13F filing. Its largest position is ASND at 12.5% of the reported book, followed by NVAX and VOR. Versus Q4 2020 it opened 19 new positions, added to 9, reduced 12 and exited 19.

$6.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
82
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.5%
Largest position
The largest single position as a share of the reported equity book.
50.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
24
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
73
Quarters on file since Q4 2007
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2020: 19 new, 9 added, 12 reduced, 19 exited

50 of 82
ASND ASCENDIS PHARMA A/SHealthcare12.5%$826m6.41m+9.3%added
NVAX NOVAVAX INCHealthcare8.2%$544m3.00m−21%reduced
VOR VOR BIOPHARMA INCHealthcare7.2%$479m11.12m–new
AVIR ATEA PHARMACEUTICALS INCHealthcare5.0%$332m5.37m0.0%held
FORMA THERAPEUTICS HLDGS INC no ticker–3.8%$253m9.01m0.0%held
TGTX TG THERAPEUTICS INCHealthcare3.4%$223m4.64m−47%reduced
NKTX NKARTA INCHealthcare2.8%$184m5.61m0.0%held
CCXIEUR CHEMOCENTRYX INC–2.7%$182m3.56m−26%reduced
MGNX MACROGENICS INCHealthcare2.4%$157m4.93m+13%added
2662247D ITEOS THERAPEUTICS INC–2.3%$151m4.42m0.0%held
IMGNEUR IMMUNOGEN INC–2.2%$149m18.42m0.0%held
TVTX TRAVERE THERAPEUTICS INCHealthcare2.1%$140m5.61m+23%added
TIL INSTIL BIO INCHealthcare1.8%$122m4.87m–new
PHAT PHATHOM PHARMACEUTICALS INCHealthcare1.8%$117m3.12m−19%reduced
ETNBGBP 89BIO INC–1.7%$112m4.74m0.0%held
KNTEUSD KINNATE BIOPHARMA INC–1.7%$112m3.59m0.0%held
RYTM RHYTHM PHARMACEUTICALS INCHealthcare1.6%$104m4.87m+17%added
ZGNXEUR ZOGENIX INC–1.6%$103m5.28m−1.2%reduced
AXSM AXSOME THERAPEUTICS INC.Healthcare1.4%$93.7m1.66m0.0%held
RCKT ROCKET PHARMACEUTICALS INCHealthcare1.4%$93.5m2.11m−1.4%reduced
ADVMCHF ADVERUM BIOTECHNOLOGIES INC–1.4%$92.3m9.37m−1.4%reduced
EWTX EDGEWISE THERAPEUTICS INCHealthcare1.3%$84.9m2.61m–new
CRIS CURIS INCHealthcare1.2%$80.8m7.14m−7.4%reduced
BOLT BOLT BIOTHERAPEUTICS INC–1.2%$78.3m2.38m–new
PCVX VAXCYTE INCHealthcare1.2%$76.3m3.87m+4.2%added
MCRB SERES THERAPEUTICS INCHealthcare1.1%$76.1m3.69m–new
SPRY ARS PHARMACEUTICALS INCHealthcare1.1%$76.0m1.74m0.0%held
1K0 IGM BIOSCIENCES INC–1.1%$75.4m982,7230.0%held
KALA PHARMACEUTICALS INC no ticker–1.1%$73.3m10.87m0.0%held
OLMA OLEMA PHARMACEUTICALS INCHealthcare1.1%$71.3m2.15m0.0%held
ORTXUSD ORCHARD THERAPEUTICS PLC–1.0%$69.2m12.32m0.0%held
SLDB SOLID BIOSCIENCES INCHealthcare1.0%$68.4m12.37m+24%added
DSGN DESIGN THERAPEUTICS INCHealthcare1.0%$65.4m2.19m–new
BDTX BLACK DIAMOND THERAPEUTICS IHealthcare0.9%$62.8m2.59m0.0%held
TREUR TRILLIUM THERAPEUTICS INC–0.9%$56.8m5.29m0.0%held
PMVP PMV PHARMACEUTICALS INCHealthcare0.8%$56.3m1.71m0.0%held
CNTB CONNECT BIOPHARMA HLDGS LTDHealthcare0.8%$55.3m2.99m–new
CNST CONSTELLATION PHARMCETICLS I–0.8%$52.4m2.24m+21%added
CCCC C4 THERAPEUTICS INCHealthcare0.8%$51.0m1.38m0.0%held
STRO SUTRO BIOPHARMA INCHealthcare0.7%$48.2m2.12m0.0%held
GERN GERON CORPHealthcare0.7%$47.6m30.13m0.0%held
WVE WAVE LIFE SCIENCES LTDHealthcare0.7%$43.6m7.78m0.0%held
DYN DYNE THERAPEUTICS INCHealthcare0.7%$43.6m2.81m0.0%held
VRNA VERONA PHARMA PLC–0.6%$42.6m5.10m0.0%held
ARDX ARDELYX INCHealthcare0.6%$40.2m6.08m−1.4%reduced
INOZYME PHARMA INC no ticker–0.6%$39.7m2.00m0.0%held
STSAUSD SATSUMA PHARMACEUTICALS INC–0.5%$35.0m5.91m+26%added
RLAY RELAY THERAPEUTICS INCHealthcare0.5%$34.6m1.00m0.0%held
AKOUOS INC no ticker–0.5%$31.6m2.28m0.0%held
CERE1EUR CEREVEL THERAPEUTICS HLDNG I–0.5%$30.2m2.20m0.0%held

Exited since Q4 2020

19 rows
ARVN ARVINAS INC4.4%$312m
KROS KEROS THERAPEUTICS INC1.8%$132m
FPRX FIVE PRIME THERAPEUTICS INC1.0%$72.9m
INBXUSD INHIBRX INC1.0%$70.2m
LEGN LEGEND BIOTECH CORP0.9%$67.8m
CRDF CARDIFF ONCOLOGY INC0.8%$59.2m
PACB PACIFIC BIOSCIENCES CALIF IN0.7%$51.6m
ARQT ARCUTIS BIOTHERAPEUTICS INC0.5%$32.8m
PAND PANDION THERAPEUTICS INC0.4%$26.3m
ALEC ALECTOR INC0.3%$24.5m
MRNS* MARINUS PHARMACEUTICALS INC0.2%$15.9m
VXRT VAXART INC0.2%$15.7m
ADAPY ADAPTIMMUNE THERAPEUTICS PLC0.2%$13.5m
LYRAGBP LYRA THERAPEUTICS INC0.1%$9.3m
PASG PASSAGE BIO INC0.1%$8.3m
CRNXGBP CRINETICS PHARMACEUTICALS IN0.1%$8.0m
MIRAGEN THERAPEUTICS INC no ticker0.1%$7.4m
PROF PROFOUND MED CORP0.06%$4.0m
OVID OVID THERAPEUTICS INC0.01%$658k

Sector mix

  • Healthcare70.1%
  • Unclassified29.9%

Book over time

Every quarter on file (73)
QuarterPositionsEquity book
Q2 202684$11.5bn
Q1 202685$9.4bn
Q4 202571$9.8bn
Q3 202567$8.1bn
Q2 202563$5.9bn
Q1 202585$6.0bn
Q4 202489$7.5bn
Q3 202481$8.7bn
Q2 202478$7.6bn
Q1 202476$7.9bn
Q4 202362$6.4bn
Q3 202366$5.1bn
Q2 202354$5.3bn
Q1 202359$4.4bn
Q4 202270$4.9bn
Q3 202281$4.7bn
Q2 202288$3.8bn
Q1 202296$4.6bn
Q4 202197$5.7bn
Q3 202195$7.2bn
Q2 202192$6.2bn
Q1 202182$6.6bn
Q4 202082$7.2bn
Q3 202070$5.5bn
Q2 202057$5.1bn
Q1 202048$3.2bn
Q4 201934$3.3bn
Q3 201932$1.7bn
Q2 201925$1.9bn
Q1 201929$2.3bn
Q4 201825$1.7bn
Q3 201826$1.9bn
Q2 201827$1.5bn
Q1 201831$1.3bn
Q4 201727$1.2bn
Q3 201727$1.1bn
Q2 201722$871m
Q1 201724$815m
Q4 201627$706m
Q3 201630$969m
Q2 201632$722m
Q1 201642$782m
Q4 201537$1.0bn
Q3 201547$696m
Q2 201558$928m
Q1 201556$913m
Q4 201448$777m
Q3 201443$622m
Q2 201424$756m
Q1 201429$973m
Q4 201324$648m
Q3 201331$724m
Q2 201325$616m
Q1 201317$407m
Q4 201219$225m
Q3 201221$198m
Q2 201226$223m
Q1 201223$185m
Q4 201118$124m
Q3 201120$90.3m
Q2 201120$108m
Q1 201121$130m
Q4 201016$101m
Q3 201018$101m
Q1 201021$102m
Q4 200914$75.1m
Q2 200916$107m
Q1 200912$184m
Q4 20088$224m
Q3 200820$329m
Q2 200822$220m
Q1 200817$135m
Q4 200723$159m

Where RA Capital Management, L.P. was early

110 rows
VRTX VERTEX PHARMACEUTICALS INCQ1 20082 of 16012.5%12.5%7Exited by Q4 2014+370%
AMAG AMAG PHARMACEUTICALS INCQ2 20081 of 693.4%9.2%7Exited by Q3 2010+2.4%
GILD GILEAD SCIENCES INCQ4 20087 of 1810.7%15.8%6Exited by Q2 2020+192%
BSTC BIOSPECIFICS TECHNOLOGIES COQ1 20091 of 299.0%32.9%7Exited by Q3 2011–
ALXN ALEXION PHARMACEUTICALS INCQ2 20092 of 1476.6%9.6%5Exited by Q2 2011–
UTHR UNITED THERAPEUTICS CORP DELQ2 20092 of 1617.0%7.0%5Exited by Q2 2011+61%
ENZB ENZO BIOCHEM INCQ1 20101 of 400.6%3.9%7Exited by Q1 2014–
ACAD ACADIA PHARMACEUTICALS INCQ1 20111 of 1456.5%21.1%17Exited by Q3 2015+2485%
NVAX NOVAVAX INCQ4 20111 of 1171.0%14.4%24Exited by Q2 2022+192%
SGMOQ SANGAMO THERAPEUTICS INCQ4 20111 of 852.0%13.6%22Exited by Q4 2017+428%
BCRX BIOCRYST PHARMACEUTICALS INCQ1 20121 of 1218.0%11.1%28Held at last filing, Q2 2026+107%
VSTM VERASTEM INCQ1 20121 of 1003.6%3.6%6Exited by Q4 2020−89%
IMMU IMMUNOMEDICS INCQ1 201311 of 1110.6%4.8%6Exited by Q1 2019+492%
ENTA ENANTA PHARMACEUTICALS INCQ2 20131 of 921.3%8.8%8Exited by Q1 2025−68%
INSM INSMED INCQ2 20131 of 1804.7%6.4%9Exited by Q2 2025+538%
OMER OMEROS CORPQ2 20131 of 662.4%2.4%4Exited by Q3 2015+257%
PRTA PROTHENA CORP PLCQ2 20131 of 1011.0%6.7%4Exited by Q2 2014+197%
TXMD THERAPEUTICSMD INCQ2 20131 of 655.5%9.4%13Exited by Q3 2021−61%
PTCT PTC THERAPEUTICS INCQ3 20131 of 1270.9%2.6%7Exited by Q3 2015+124%
TGTX TG THERAPEUTICS INCQ3 20131 of 1140.4%6.8%30Exited by Q1 2022+277%
T8S TESARO INCQ4 20131 of 833.1%3.1%4Exited by Q3 2015+108%
XNCR XENCOR INCQ4 20131 of 1023.8%3.8%13Held at last filing, Q2 2026+76%
MGNX MACROGENICS INCQ4 201310 of 1040.8%2.6%16Held at last filing, Q2 2026−83%
SCYX SCYNEXIS INCQ2 20141 of 470.9%1.1%4Exited by Q2 2015+3.5%
AKBA AKEBIA THERAPEUTICS INCQ2 20142 of 1032.2%2.2%5Exited by Q3 2017−48%
TENX TENAX THERAPEUTICS INCQ3 20143 of 561.5%1.5%10Exited by Q1 2017−50%
CHRS COHERUS BIOSCIENCES INCQ4 20141 of 1053.3%5.2%6Exited by Q2 2016+30%
AUPH AURINIA PHARMACEUTICALS INCQ4 20142 of 1001.2%1.2%3Exited by Q3 2015−17%
ASND ASCENDIS PHARMA A/SQ1 20151 of 1371.9%29.9%46Held at last filing, Q2 2026+1437%
DVAX DYNAVAX TECHNOLOGIES CORPQ1 20151 of 1166.4%6.4%4Exited by Q1 2020−75%
2655787D BLUEPRINT MEDICINES CORPQ2 20151 of 1472.5%2.7%4Exited by Q2 2016−32%
COLL COLLEGIUM PHARMACEUTICAL INCQ2 20151 of 963.0%4.9%4Exited by Q2 2016+1.7%
MCRB SERES THERAPEUTICS INCQ2 20151 of 751.1%2.5%5Exited by Q3 2021−43%
ARDX ARDELYX INCQ2 20152 of 1143.0%4.4%15Exited by Q3 2021−53%
AIMT AIMMUNE THERAPEUTICS INCQ3 20151 of 742.9%2.9%6Exited by Q1 2017−19%
NTRA NATERA INCQ3 20151 of 1671.2%1.3%6Exited by Q3 2022+227%
ACRS ACLARIS THERAPEUTICS INCQ4 20151 of 1146.8%6.8%15Held at last filing, Q2 2026−80%
WVE WAVE LIFE SCIENCES LTDQ4 20151 of 12311.2%26.3%43Held at last filing, Q2 2026−64%
ONC BEIGENE LTDQ1 20164 of 1040.6%1.1%5Exited by Q2 2017+25%
NKTR NEKTAR THERAPEUTICSQ1 20165 of 1455.6%6.5%4Exited by Q4 2023−96%
PTGX PROTAGONIST THERAPEUTICS INCQ3 20162 of 1361.6%2.1%3Exited by Q2 2017−39%
4XC1 KALVISTA PHARMACEUTICALS INCQ4 20161 of 910.6%1.8%15Exited by Q2 2022+108%
KDMN KADMON HLDGS INCQ3 20173 of 762.0%2.0%2Exited by Q1 2018+8.1%
SCPH SCPHARMACEUTICALS INCQ4 20171 of 642.9%2.9%19Exited by Q1 2023−41%
SPRO SPERO THERAPEUTICS INCQ4 20171 of 441.2%1.2%3Exited by Q3 2018+25%
IFRX INFLARX NVQ4 20172 of 575.0%5.0%8Exited by Q4 2025−94%
SG7 SAGE THERAPEUTICS INCQ4 201714 of 1326.3%6.3%5Exited by Q2 2019−3.4%
SLDB SOLID BIOSCIENCES INCQ1 20181 of 951.5%6.8%34Held at last filing, Q2 2026−91%
IOVA IOVANCE BIOTHERAPEUTICS INCQ1 20186 of 1300.9%1.4%5Exited by Q2 2019−44%
RYTM RHYTHM PHARMACEUTICALS INCQ2 20183 of 1143.1%7.3%33Held at last filing, Q2 2026+255%

Concentration and tenure

18.2%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
70.5%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
3
Median completed holding, quarters