TANG CAPITAL MANAGEMENT LLC

CIK

1232621

Location

SAN DIEGO, CA

Portfolio Value

Mid $2,190,339,519

Diversification

Diversified

Reports for

TANG KEVIN

Filing Date

Global Rank

#1,269 / 8,700 ▲ 225

Top Industry

Biotechnology 85.4%

Period ended 2 months ago

Filed Aug 14, 2026 · 29d

26 quarters · since Mar 2020

Portfolio Concentration

40 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.1%

+0.4 pts

Top 5

37.3%

+3.2 pts

Top 10

63.0%

+2.3 pts

HHI

511

Diversified+28

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Healthcare	94.9%	$2,077,762,231	38
Unclassified	4.2%	$91,852,710	1
Technology	0.9%	$20,724,578	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
CMPX	Compass Therapeutics, Inc.	+1,199,973	17,990,782	$39,399,812
CMPS	COMPASS Pathways plc	+997,800	5,000,000	$70,750,000
AUPH	Aurinia Pharmaceuticals Inc.	+814,606	13,044,106	$221,358,478
CAPR	Capricor Therapeutics, Inc.	+700,000	4,099,900	$98,725,592
TARS	Tarsus Pharmaceuticals, Inc.	+379,642	1,568,266	$98,706,662
CELC	Celcuity Inc.	+264,594	1,314,594	$137,532,824
NUVB	Nuvation Bio Inc.	+150,000	3,299,557	$18,741,483
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
STOK	Stoke Therapeutics, Inc.	−200,000	300,000	$9,816,000
INSM	INSMED Inc	−160,000	100,000	$10,662,000
MRNA	Moderna, Inc.	−50,000	50,000	$3,501,500
SPY	Spdr S&P 500 ETF Trust	−45,000	123,000	$91,852,710
PLRX	Pliant Therapeutics, Inc.	−1,871	6,141,261	$7,001,037
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
NVCT	Nuvectis Pharma, Inc.	1,550,000	$28,504,500
FULC	Fulcrum Therapeutics, Inc.	6,521,412	$23,868,367
NNDM	Nano Dimension Ltd.	14,292,813	$20,724,578
BOLD	Boundless Bio, Inc.	2,559,875	$6,399,687
No positions match the current search.

Sold Out

Positions the filer fully exited

15 positions

Ticker	Company	Shares	Value
JANX	Janux Therapeutics, Inc.	500,000	$6,950,000
BIIB	Biogen Inc.	35,000	$6,416,550
URGN	UroGen Pharma Ltd.	350,000	$6,293,000
ARVN	Arvinas, Inc.	538,658	$5,709,774
AGIO	Agios Pharmaceuticals, Inc.	100,000	$3,383,000
ERAS	Erasca, Inc.	200,000	$3,236,000
CHRS	Coherus Oncology, Inc.	1,886,748	$3,188,604
NKTX	Nkarta, Inc.	1,480,823	$3,124,536
EOLS	Evolus, Inc.	483,021	$1,985,216
ABEO	Abeona Therapeutics Inc.	400,000	$1,792,000
FATE	Fate Therapeutics Inc	1,167,773	$1,401,327
NMRA	Neumora Therapeutics, Inc.	439,878	$857,762
LXRX	Lexicon Pharmaceuticals, Inc.	399,700	$623,532
—		664,314	$0
—		4,573,530	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

40 tracked positions · $2,190,339,519 total · filing declares 41 positions · $2,201,787,906 · as of Jun 30, 2026

All sectors Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AUPH	Aurinia Pharmaceuticals Inc. Healthcare	Added	13,044,106	+814,606	$221,358,478	+22.1%	10.11%
SYRE	Spyre Therapeutics, Inc. Healthcare	Held	1,892,200	0	$167,989,516	+76.0%	7.67%
MIRM	Mirum Pharmaceuticals, Inc. Healthcare	Held	1,236,027	0	$144,701,680	+26.7%	6.61%
KNSA	Kiniksa Pharmaceuticals International, plc Healthcare	Held	2,259,889	0	$144,519,901	+32.8%	6.60%
CELC	Celcuity Inc. Healthcare	Added	1,314,594	+264,594	$137,532,824	+14.8%	6.28%
CORT	Corcept Therapeutics Inc Healthcare	Held	1,500,000	0	$130,425,000	+115.7%	5.95%
PTCT	Ptc Therapeutics, Inc. Healthcare	Held	1,500,000	0	$122,355,000	+19.7%	5.59%
LKFT	Lakefront Biotherapeutics NV Healthcare	Held	3,785,991	0	$113,504,010	−0.1%	5.18%
CAPR	Capricor Therapeutics, Inc. Healthcare	Added	4,099,900	+700,000	$98,725,592	−4.5%	4.51%
TARS	Tarsus Pharmaceuticals, Inc. Healthcare	Added	1,568,266	+379,642	$98,706,662	+18.4%	4.51%
SPY	Spdr S&P 500 ETF Trust	Reduced	123,000	-45,000	$91,852,710	−15.9%	4.19%
ANAB	Anaptysbio, Inc Healthcare	Held	1,330,879	0	$89,834,332	+21.7%	4.10%
IMCR	Immunocore Holdings plc Healthcare	Held	2,649,368	0	$84,117,434	+5.3%	3.84%
CMPS	COMPASS Pathways plc Healthcare	Added	5,000,000	+997,800	$70,750,000	+219.7%	3.23%
ANIP	Ani Pharmaceuticals Inc Healthcare	Held	707,500	0	$58,566,850	+7.6%	2.67%
BNTX	BioNTech SE Healthcare	Held	470,000	0	$43,733,500	+4.7%	2.00%
CMPX	Compass Therapeutics, Inc. Healthcare	Added	17,990,782	+1,199,973	$39,399,812	−55.6%	1.80%
PGEN	Precigen, Inc. Healthcare	Held	6,417,500	0	$36,579,750	+47.3%	1.67%
VRDN	Viridian Therapeutics, Inc.\DE Healthcare	Held	1,792,626	0	$32,930,539	−6.1%	1.50%
NVCT	Nuvectis Pharma, Inc. Healthcare	NEW	1,550,000	NEW	$28,504,500	NEW	1.30%
DNTH	Dianthus Therapeutics, Inc. /DE/ Healthcare	Held	264,692	0	$25,802,176	+16.2%	1.18%
FULC	Fulcrum Therapeutics, Inc. Healthcare	NEW	6,521,412	NEW	$23,868,367	NEW	1.09%
AVIR	Atea Pharmaceuticals, Inc. Healthcare	Held	4,814,700	0	$22,388,355	−13.6%	1.02%
CBIO	Crescent Biopharma, Inc. Healthcare	Held	1,160,000	0	$20,880,000	−2.0%	0.95%
NNDM	Nano Dimension Ltd. Technology	NEW	14,292,813	NEW	$20,724,578	NEW	0.95%
VKTX	Viking Therapeutics, Inc. Healthcare	Held	500,000	0	$19,505,000	+19.9%	0.89%
NUVB	Nuvation Bio Inc. Healthcare	Added	3,299,557	+150,000	$18,741,483	+38.7%	0.86%
IDYA	IDEAYA Biosciences, Inc. Healthcare	Held	450,000	0	$16,771,500	+11.9%	0.77%
DERM	Journey Medical Corp Healthcare	Held	1,610,000	0	$11,398,800	+51.0%	0.52%
INSM	INSMED Inc Healthcare	Reduced	100,000	-160,000	$10,662,000	−74.9%	0.49%
STOK	Stoke Therapeutics, Inc. Healthcare	Reduced	300,000	-200,000	$9,816,000	−39.7%	0.45%
PLRX	Pliant Therapeutics, Inc. Healthcare	Reduced	6,141,261	-1,871	$7,001,037	−9.6%	0.32%
BOLD	Boundless Bio, Inc. Healthcare	NEW	2,559,875	NEW	$6,399,687	NEW	0.29%
PMVP	PMV Pharmaceuticals, Inc. Healthcare	Held	4,245,085	0	$5,688,413	+8.1%	0.26%
MRNA	Moderna, Inc. Healthcare	Reduced	50,000	-50,000	$3,501,500	−31.1%	0.16%
WVE	Wave Life Sciences, Inc. Healthcare	Held	600,000	0	$3,486,000	−19.9%	0.16%
HRTX	Heron Therapeutics, Inc. /De/ Healthcare	Held	6,250,000	0	$2,687,500	−46.2%	0.12%
LENZ	LENZ Therapeutics, Inc. Healthcare	Held	451,114	0	$2,562,327	−37.9%	0.12%
ALT	Altimmune, Inc. Healthcare	Held	666,022	0	$2,024,706	−1.3%	0.09%
RCKT	Rocket Pharmaceuticals, Inc. Healthcare	Held	100,000	0	$342,000	−4.5%	0.02%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.