ARMISTICE CAPITAL, LLC

CIK

1601086

Location

NEW YORK, NY

Portfolio Value

Mid $5,035,357,976

Diversification

Diversified

Filing Date

Global Rank

#674 / 7,976 ▲ 54

Top Industry

Biotechnology 42.2%

3Y Alpha vs SPY

-8.3%

Period ended 9 months ago

Filed Feb 17, 2026 · 4mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+42.6%

SPY

+76.3%

Annualised alpha

-8.3%

Max drawdown

−28.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

299 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

33.1%

−2.3 pts

Top 5

45.3%

−4.2 pts

Top 10

54.8%

−4.8 pts

HHI

1,179

Diversified−174

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Healthcare	44.6%	$2,243,889,584	83
Unclassified	34.2%	$1,721,826,740	2
Technology	8.2%	$412,399,989	42
Consumer Cyclical	7.1%	$359,141,192	55
Communication Services	2.7%	$135,945,106	15
Consumer Defensive	2.2%	$112,844,358	14
Financial Services	0.3%	$16,057,054	32
Basic Materials	0.2%	$9,969,797	10
Industrials	0.2%	$9,883,046	23
Energy	0.1%	$6,263,478	6
Real Estate	0.1%	$3,628,950	11
Utilities	0.1%	$3,508,682	6

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
XRAY	DENTSPLY SIRONA Inc.	+5,234,587	5,736,000	$72,789,840
AUTL	Autolus Therapeutics plc	+3,600,000	15,600,000	$25,428,000
NUVB	Nuvation Bio Inc.	+1,796,000	2,296,000	$8,495,200
S	SentinelOne, Inc.	+1,275,716	2,511,200	$44,222,232
VNRX	Volitionrx Ltd	+887,351	9,380,425	$6,378,689
FDMT	4D Molecular Therapeutics, Inc.	+796,000	1,096,000	$9,524,240
PENN	PENN Entertainment, Inc.	+690,078	2,103,666	$40,516,607
FRPT	Freshpet, Inc.	+669,399	1,234,802	$68,049,938
PATH	UiPath, Inc.	+652,284	1,344,284	$17,986,519
ARVN	Arvinas, Inc.	+640,000	1,200,000	$10,224,000
IMVT	Immunovant, Inc.	+636,000	5,836,000	$94,076,320
SLDB	Solid Biosciences Inc.	+536,000	936,000	$5,775,120
DYN	Dyne Therapeutics, Inc.	+504,000	3,064,000	$38,759,600
AGIO	Agios Pharmaceuticals, Inc.	+496,000	1,664,000	$66,792,960
AVNS	Avanos Medical, Inc.	+464,000	2,500,000	$28,900,000
VERA	Vera Therapeutics, Inc.	+400,000	536,000	$15,576,160
MLYS	Mineralys Therapeutics, Inc.	+329,650	507,650	$19,250,088
MOBX	Mobix Labs, Inc	+320,804	4,596,804	$3,705,024
EXAS	EXACT SCIENCES CORP	+288,509	1,030,465	$56,376,740
INGN	Inogen Inc	+200,000	864,000	$7,058,880
BCYC	Bicycle Therapeutics PLC	+178,000	2,978,000	$23,049,720
DT	Dynatrace, Inc.	+176,012	400,000	$19,380,000
IMCR	Immunocore Holdings plc	+146,000	824,000	$29,935,920
NPCE	NeuroPace Inc	+145,665	1,298,000	$13,382,380
NKTR	Nektar Therapeutics	+144,000	268,000	$15,249,200
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GRFS	Grifols SA	−5,062,000	2,236,000	$22,270,560
TVTX	Travere Therapeutics, Inc.	−2,152,000	6,724,000	$160,703,600
SUPN	Supernus Pharmaceuticals, Inc.	−1,976,000	2,836,000	$135,532,440
TOON	Kartoon Studios, Inc.	−1,953,195	520,606	$384,207
BHVN	Biohaven Ltd.	−1,886,000	250,000	$3,752,500
KURA	Kura Oncology, Inc.	−1,528,000	4,672,000	$41,347,200
PTCT	Ptc Therapeutics, Inc.	−1,458,192	3,277,272	$201,126,182
RIGL	Rigel Pharmaceuticals Inc	−876,000	724,000	$20,510,920
OFIX	Orthofix Medical Inc.	−742,000	2,236,000	$32,735,040
FIVN	Five9, Inc.	−606,000	2,650,000	$64,130,000
VYGR	Voyager Therapeutics, Inc.	−600,000	4,200,000	$19,614,000
CYTK	Cytokinetics Inc	−505,481	2,146,868	$117,991,865
PRTA	Prothena Corp Public Ltd Co	−412,000	1,824,000	$17,802,240
INCY	Incyte Corp	−168,569	1,167,431	$99,009,823
PLNT	Planet Fitness, Inc.	−144,039	56,000	$5,812,800
LTH	Life Time Group Holdings, Inc.	−128,288	173,002	$4,774,855
MCD	Mcdonalds Corp	−119,810	23,770	$7,223,465
CHDN	Churchill Downs Inc	−106,724	93,429	$9,063,547
CCL	Carnival Corp Ltd.	−89,289	156,981	$4,538,320
LIVN	LivaNova PLC	−56,750	4,250	$222,615
MDGL	Madrigal Pharmaceuticals, Inc.	−44,018	249,982	$114,656,744
VSTM	Verastem, Inc.	−40,000	2,096,000	$18,507,680
SXT	Sensient Technologies Corp	−36,175	67,630	$6,347,075
VSCO	Victoria's Secret & Co.	−35,000	120,000	$3,256,800
DECK	Deckers Outdoor Corp	−33,686	4,830	$489,617
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
NVO	Novo Nordisk A S	736,000	$40,840,640
SBUX	Starbucks Corp	356,107	$30,126,652
BMY	Bristol Myers Squibb Co	649,733	$29,302,958
SNY	Sanofi	612,000	$28,886,400
CVS	CVS HEALTH Corp	291,819	$22,000,234
RBLX	Roblox Corp	125,921	$17,442,576
VRTX	Vertex Pharmaceuticals Inc / Ma	40,239	$15,759,201
CTOR	Citius Oncology, Inc.	7,675,911	$15,582,099
HUM	Humana Inc	51,359	$13,362,071
EW	Edwards Lifesciences Corp	146,571	$11,398,826
BRBR	Bellring Brands, Inc.	271,935	$9,884,837
ANF	Abercrombie & Fitch Co /De/	77,877	$6,662,377
BILL	BILL Holdings, Inc.	119,198	$6,313,918
ZETA	Zeta Global Holdings Corp.	312,089	$6,201,208
WWW	Wolverine World Wide Inc /De/	205,376	$5,635,517
PONY	Pony AI Inc.	249,300	$5,606,757
NKE	NIKE, Inc.	79,093	$5,515,154
TER	Teradyne, Inc	36,563	$5,032,531
PEGA	Pegasystems Inc	86,826	$4,992,495
BBOT	BridgeBio Oncology Therapeutics, Inc.	412,000	$4,770,960
OS	OneStream, Inc.	250,000	$4,607,500
MCK	Mckesson Corp	5,853	$4,521,676
DKNG	DraftKings Inc.	100,000	$3,740,000
JD	JD.com, Inc.	103,400	$3,616,932
HSY	Hershey Co	16,338	$3,056,022
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
STAA	Staar Surgical Co	2,812,000	$47,185,360
PFGC	Performance Food Group Co	280,000	$24,491,600
ADBE	Adobe Inc.	59,587	$23,053,018
EAT	Brinker International, Inc	125,827	$22,690,382
IBRX	ImmunityBio, Inc.	7,764,000	$20,496,960
RVPH	Reviva Pharmaceuticals Holdings, Inc.	2,692,000	$20,459,200
CMG	Chipotle Mexican Grill Inc	325,847	$18,296,309
SNN	Smith & Nephew PLC	522,038	$15,990,023
AUPH	Aurinia Pharmaceuticals Inc.	1,629,600	$13,802,712
JNJ	Johnson & Johnson	75,218	$11,489,549
ENR	Energizer Holdings, Inc.	536,000	$10,805,760
RRR	Red Rock Resorts, Inc.	161,179	$8,386,143
QSR	Restaurant Brands International Inc.	124,391	$8,245,879
DRI	Darden Restaurants Inc	36,443	$7,943,480
PII	Polaris Inc.	178,000	$7,235,700
HST	Host Hotels & Resorts, Inc.	398,687	$6,123,832
FWRG	First Watch Restaurant Group, Inc.	350,000	$5,614,000
SAM	Boston Beer Co Inc	28,000	$5,342,680
GKOS	GLAUKOS Corp	31,438	$3,247,231
LLY	ELI LILLY & Co	3,898	$3,038,607
PDSB	PDS Biotechnology Corp	2,236,000	$2,973,880
AVPT	AvePoint, Inc.	150,000	$2,896,500
CPRI	Capri Holdings Ltd	135,000	$2,389,500
BJRI	BJs RESTAURANTS INC	50,000	$2,230,000
KMX	Carmax Inc	30,295	$2,036,126
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

299 positions · $5,035,357,976 total · as of Sep 30, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 299 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	2,500,000	+50,000	$1,665,450,000	+10.0%	33.08%
PTCT	Ptc Therapeutics, Inc. Healthcare	Reduced	3,277,272	-1,458,192	$201,126,182	−13.0%	3.99%
TVTX	Travere Therapeutics, Inc. Healthcare	Reduced	6,724,000	-2,152,000	$160,703,600	+22.3%	3.19%
SUPN	Supernus Pharmaceuticals, Inc. Healthcare	Reduced	2,836,000	-1,976,000	$135,532,440	−10.6%	2.69%
CYTK	Cytokinetics Inc Healthcare	Reduced	2,146,868	-505,481	$117,991,865	+34.6%	2.34%
MDGL	Madrigal Pharmaceuticals, Inc. Healthcare	Reduced	249,982	-44,018	$114,656,744	+28.9%	2.28%
INCY	Incyte Corp Healthcare	Reduced	1,167,431	-168,569	$99,009,823	+8.8%	1.97%
NBIX	Neurocrine Biosciences Inc Healthcare	Added	697,022	+20,998	$97,847,948	+15.2%	1.94%
IMVT	Immunovant, Inc. Healthcare	Added	5,836,000	+636,000	$94,076,320	+13.1%	1.87%
XRAY	DENTSPLY SIRONA Inc. Healthcare	Added	5,736,000	+5,234,587	$72,789,840	+814.2%	1.45%
REGN	Regeneron Pharmaceuticals, Inc. Healthcare	Added	125,206	+25,174	$70,399,577	+34.1%	1.40%
FRPT	Freshpet, Inc. Consumer Defensive	Added	1,234,802	+669,399	$68,049,938	+77.1%	1.35%
AMZN	Amazon Com Inc Consumer Cyclical	Added	309,400	+89,977	$67,934,958	+41.1%	1.35%
AGIO	Agios Pharmaceuticals, Inc. Healthcare	Added	1,664,000	+496,000	$66,792,960	+71.9%	1.33%
FIVN	Five9, Inc. Technology	Reduced	2,650,000	-606,000	$64,130,000	−25.6%	1.27%
GEHC	GE HealthCare Technologies Inc. Healthcare	Added	795,053	+38,772	$59,708,480	+6.6%	1.19%
EXAS	EXACT SCIENCES CORP	Added	1,030,465	+288,509	$56,376,740	+43.0%	1.12%
GOOGL	Alphabet Inc. Communication Services	Added	230,681	+40,281	$56,078,551	+67.1%	1.11%
MSFT	Microsoft Corp Technology	Added	87,245	+3,508	$45,188,547	+8.5%	0.90%
S	SentinelOne, Inc. Technology	Added	2,511,200	+1,275,716	$44,222,232	+95.8%	0.88%
ARGX	Argenx SE Healthcare	Reduced	58,000	-22,000	$42,778,480	−3.0%	0.85%
TMCI	Treace Medical Concepts, Inc. Healthcare	Added	6,316,000	+56,000	$42,380,360	+15.1%	0.84%
KURA	Kura Oncology, Inc. Healthcare	Reduced	4,672,000	-1,528,000	$41,347,200	+15.6%	0.82%
NVO	Novo Nordisk A S Healthcare	NEW	736,000	NEW	$40,840,640	NEW	0.81%
PENN	PENN Entertainment, Inc. Consumer Cyclical	Added	2,103,666	+690,078	$40,516,607	+60.4%	0.80%
DYN	Dyne Therapeutics, Inc. Healthcare	Added	3,064,000	+504,000	$38,759,600	+59.0%	0.77%
MDB	MongoDB, Inc. Technology	Added	112,399	+8,903	$34,886,401	+60.5%	0.69%
OFIX	Orthofix Medical Inc. Healthcare	Reduced	2,236,000	-742,000	$32,735,040	−1.4%	0.65%
SBUX	Starbucks Corp Consumer Cyclical	NEW	356,107	NEW	$30,126,652	NEW	0.60%
IMCR	Immunocore Holdings plc Healthcare	Added	824,000	+146,000	$29,935,920	+40.7%	0.59%
BMY	Bristol Myers Squibb Co Healthcare	NEW	649,733	NEW	$29,302,958	NEW	0.58%
AVNS	Avanos Medical, Inc. Healthcare	Added	2,500,000	+464,000	$28,900,000	+16.0%	0.57%
SNY	Sanofi Healthcare	NEW	612,000	NEW	$28,886,400	NEW	0.57%
IRON	Disc Medicine, Inc. Healthcare	Held	436,000	0	$28,810,880	+24.8%	0.57%
DDOG	Datadog, Inc. Technology	Added	202,061	+52,061	$28,773,486	+42.8%	0.57%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Added	156,000	+98,000	$27,881,880	+323.9%	0.55%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	55,016	+25,052	$26,683,860	+119.6%	0.53%
AUTL	Autolus Therapeutics plc Healthcare	Added	15,600,000	+3,600,000	$25,428,000	−7.1%	0.50%
MDT	Medtronic plc Healthcare	Added	265,257	+1,257	$25,263,076	+9.8%	0.50%
NBIS	Nebius Group N.V. Communication Services	Added	213,280	+89,280	$23,944,945	+249.0%	0.48%
BCYC	Bicycle Therapeutics PLC Healthcare	Added	2,978,000	+178,000	$23,049,720	+18.4%	0.46%
GRFS	Grifols SA Healthcare	Reduced	2,236,000	-5,062,000	$22,270,560	−66.2%	0.44%
CVS	CVS HEALTH Corp Healthcare	NEW	291,819	NEW	$22,000,234	NEW	0.44%
AXGN	Axogen, Inc. Healthcare	Added	1,200,000	+88,681	$21,408,000	+77.5%	0.43%
IRWD	Ironwood Pharmaceuticals Inc Healthcare	Held	16,150,000	0	$21,156,500	+81.9%	0.42%
HUBS	Hubspot Inc Technology	Added	45,018	+22,914	$21,059,420	+71.2%	0.42%
RIGL	Rigel Pharmaceuticals Inc Healthcare	Reduced	724,000	-876,000	$20,510,920	−31.6%	0.41%
VYGR	Voyager Therapeutics, Inc. Healthcare	Reduced	4,200,000	-600,000	$19,614,000	+31.4%	0.39%
DT	Dynatrace, Inc. Technology	Added	400,000	+176,012	$19,380,000	+56.7%	0.38%
MLYS	Mineralys Therapeutics, Inc. Healthcare	Added	507,650	+329,650	$19,250,088	+699.3%	0.38%