BML Capital Management, LLC

CIK

1616824

Location

ZIONSVILLE, IN

Portfolio Value

Small $155,478,198

Diversification

Moderately concentrated

Filing Date

Global Rank

#4,423 / 8,232 ▲ 964

Top Industry

Biotechnology 80.8%

3Y Alpha vs SPY

+35.5%

Period ended 2 months ago

Filed May 6, 2026 · 39d

14 quarters · since Dec 2022

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

+281.9%

SPY

+76.3%

Annualised alpha

+35.5%

Max drawdown

−46.9%

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

16 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

34.4%

−3.4 pts

Top 5

76.0%

−5.3 pts

Top 10

94.2%

−3.1 pts

HHI

1,954

Moderately concentrated−227

Portfolio Trend

14 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	85.5%	$132,927,915	11
Consumer Cyclical	9.7%	$15,152,400	2
Consumer Defensive	4.8%	$7,397,883	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
OM	Outset Medical, Inc.	+1,359,021	1,902,201	$7,304,451
PMVP	PMV Pharmaceuticals, Inc.	+28,000	5,320,000	$6,596,800
IMA	ImageneBio, Inc.	+23,704	200,730	$1,003,650
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
AVIR	Atea Pharmaceuticals, Inc.	−431,343	7,058,657	$37,975,574
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
TLYS	Tilly's, Inc.	2,150,000	$8,707,500
KHC	Kraft Heinz Co	125,000	$2,811,250
JANX	Janux Therapeutics, Inc.	154,961	$2,153,957
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
TSLA	Tesla, Inc.	1,000	$449,720
LSTA	Lisata Therapeutics, Inc.	73,348	$136,427
CVNA	Carvana Co.	150	$63,303
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

16 positions · $155,478,198 total · as of Mar 31, 2026

All sectors Consumer Cyclical Consumer Defensive Healthcare

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ACRS	Aclaris Therapeutics, Inc. Healthcare	Held	14,250,000	0	$53,437,500	+24.6%	34.37%
AVIR	Atea Pharmaceuticals, Inc. Healthcare	Reduced	7,058,657	-431,343	$37,975,574	+42.0%	24.43%
ORMP	Oramed Pharmaceuticals Inc. Healthcare	Held	3,167,231	0	$10,768,585	+19.3%	6.93%
TLYS	Tilly's, Inc. Consumer Cyclical	NEW	2,150,000	NEW	$8,707,500	NEW	5.60%
OM	Outset Medical, Inc. Healthcare	Added	1,902,201	+1,359,021	$7,304,451	+262.5%	4.70%
PMVP	PMV Pharmaceuticals, Inc. Healthcare	Added	5,320,000	+28,000	$6,596,800	−0.3%	4.24%
KMX	Carmax Inc Consumer Cyclical	Held	155,000	0	$6,444,900	+7.6%	4.15%
KZR	Kezar Life Sciences, Inc. Healthcare	Held	720,787	0	$5,348,239	+18.0%	3.44%
TIL	Instil Bio, Inc. Healthcare	Held	645,600	0	$5,319,744	−25.1%	3.42%
TGT	Target Corp Consumer Defensive	Held	37,500	0	$4,545,000	+24.0%	2.92%
KHC	Kraft Heinz Co Consumer Defensive	NEW	125,000	NEW	$2,811,250	NEW	1.81%
JANX	Janux Therapeutics, Inc. Healthcare	NEW	154,961	NEW	$2,153,957	NEW	1.39%
PLRX	Pliant Therapeutics, Inc. Healthcare	Held	1,546,137	0	$1,948,132	+3.3%	1.25%
CNTB	Connect Biopharma Holdings Ltd Healthcare	Held	408,887	0	$1,071,283	−7.1%	0.69%
IMA	ImageneBio, Inc. Healthcare	Added	200,730	+23,704	$1,003,650	−17.8%	0.65%
WMT	Walmart Inc. Consumer Defensive	Held	335	0	$41,633	+11.6%	0.03%