Deep Track Capital, LP

CIK

1856083

Location

GREENWICH, CT

Portfolio Value

Mid $3,033,826,649

Diversification

Diversified

Filing Date

Global Rank

#921 / 7,976 ▲ 41

Top Industry

Biotechnology 88.4%

3Y Alpha vs SPY

+3.6%

Period ended 9 months ago

Filed Nov 14, 2025 · 7mo

16 quarters · since Dec 2021

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

+93.6%

SPY

+76.5%

Annualised alpha

+3.8%

Max drawdown

−50.1%

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

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

Top Position

8.6%

+0.1 pts

Top 5

36.4%

+1.0 pts

Top 10

57.6%

+0.5 pts

HHI

448

Diversified+24

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Healthcare	98.2%	$2,979,116,649	49
Unclassified	1.8%	$54,710,000	1

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
TARS	Tarsus Pharmaceuticals, Inc.	+1,250,000	3,000,000	$178,290,000
APLS	Apellis Pharmaceuticals, Inc.	+1,000,382	8,000,382	$181,048,644
MBX	MBX Biosciences, Inc.	+961,408	3,150,000	$55,125,000
PCVX	Vaxcyte, Inc.	+850,000	3,000,000	$108,060,000
ORKA	Oruka Therapeutics, Inc.	+735,983	2,654,781	$51,051,438
CYTK	Cytokinetics Inc	+650,000	4,300,000	$236,328,000
BBIO	BridgeBio Pharma, Inc.	+300,000	1,200,000	$62,328,000
IMVT	Immunovant, Inc.	+228,845	9,728,845	$156,828,981
AXSM	Axsome Therapeutics, Inc.	+98,629	900,000	$109,305,000
OLMA	Olema Pharmaceuticals, Inc.	+27,339	3,470,172	$33,972,983
No positions match the current search.

Trimmed

Positions the filer reduced

18 positions

Ticker	Company	Δ Shares	Shares	Value
AUTL	Autolus Therapeutics plc	−14,283,534	2,568,613	$4,186,839
OCUL	Ocular Therapeutix, Inc	−2,362,283	11,932,137	$139,486,681
ENGN	enGene Therapeutics Inc.	−2,318,222	2,239,353	$15,294,780
GERN	Geron Corp	−1,903,478	41,096,522	$56,302,235
PTGX	Protagonist Therapeutics, Inc	−1,530,208	1,715,691	$113,973,353
ZURA	Zura Bio Ltd	−1,468,548	259,014	$1,121,530
IONS	Ionis Pharmaceuticals Inc	−1,083,400	3,808,144	$249,128,780
CMPS	COMPASS Pathways plc	−971,359	7,859,648	$45,035,783
GPCR	Structure Therapeutics Inc.	−918,106	4,215,811	$118,042,708
GHRS	GH Research PLC	−750,000	1,250,000	$17,875,000
CLYM	Climb Bio, Inc.	−530,326	509,789	$1,024,675
HELP	Cybin Inc.	−529,987	1,000,000	$5,890,000
AVTX	Avalo Therapeutics, Inc.	−422,503	144,600	$1,837,866
ANIP	Ani Pharmaceuticals Inc	−250,000	450,000	$41,220,000
JBIO	Jade Biosciences, Inc.	−229,409	2,279,892	$19,675,467
XENE	Xenon Pharmaceuticals Inc.	−150,000	1,200,000	$48,180,000
GH	Guardant Health, Inc.	−95,914	4,154,086	$259,547,293
NRIX	Nurix Therapeutics, Inc.	−7,886	6,057,024	$55,966,901
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
EXAS	EXACT SCIENCES CORP	1,000,000	$54,710,000
LBRX	Lb Pharmaceuticals Inc	3,352,804	$52,940,775
QURE	uniQure N.V.	483,092	$28,198,080
DYN	Dyne Therapeutics, Inc.	2,000,000	$25,300,000
GMAB	Genmab A/S	481,267	$14,760,458
TNGX	Tango Therapeutics, Inc.	1,454,562	$12,218,320
IMA	ImageneBio, Inc.	878,516	$7,159,905
CRMD	CorMedix Inc.	500,000	$5,815,000
PEPG	PepGen Inc.	1,200,000	$5,544,000
XFOR	X4 Pharmaceuticals, Inc	1,122,484	$3,838,895
ACAD	Acadia Pharmaceuticals Inc	105,085	$2,242,513
BMRN	Biomarin Pharmaceutical Inc	24,856	$1,346,200
No positions match the current search.

Sold Out

Positions the filer fully exited

18 positions

Ticker	Company	Shares	Value
INSM	INSMED Inc	1,750,000	$176,120,000
RARE	Ultragenyx Pharmaceutical Inc.	1,350,000	$49,086,000
DNTH	Dianthus Therapeutics, Inc. /DE/	2,233,148	$41,603,547
TECX	Tectonic Therapeutic, Inc.	1,401,938	$27,856,508
ABVX	Abivax S.A.	3,480,144	$26,623,101
UPB	Upstream Bio, Inc.	1,442,767	$15,841,581
SRPT	Sarepta Therapeutics, Inc.	709,800	$12,137,580
BCYC	Bicycle Therapeutics PLC	1,203,244	$8,362,545
CNTA	Centessa Pharmaceuticals plc	500,000	$6,570,000
NVAX	Novavax Inc	998,542	$6,290,814
IVVD	Invivyd, Inc.	8,585,980	$6,138,975
PLRX	Pliant Therapeutics, Inc.	3,947,807	$4,579,456
INO	Inovio Pharmaceuticals, Inc.	1,981,370	$4,041,994
KRRO	Korro Bio, Inc.	277,966	$3,471,795
SYRE	Spyre Therapeutics, Inc.	219,015	$3,278,654
SEPN	Septerna, Inc.	121,716	$1,286,538
RAPP	Rapport Therapeutics, Inc.	98,237	$1,116,954
OKUR	OnKure Therapeutics, Inc.	180,510	$431,418
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

50 positions · $3,033,826,649 total · as of Sep 30, 2025

All sectors Healthcare

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GH	Guardant Health, Inc. Healthcare	Reduced	4,154,086	-95,914	$259,547,293	+17.4%	8.56%
IONS	Ionis Pharmaceuticals Inc Healthcare	Reduced	3,808,144	-1,083,400	$249,128,780	+28.9%	8.21%
CYTK	Cytokinetics Inc Healthcare	Added	4,300,000	+650,000	$236,328,000	+96.0%	7.79%
APLS	Apellis Pharmaceuticals, Inc. Healthcare	Added	8,000,382	+1,000,382	$181,048,644	+49.4%	5.97%
TARS	Tarsus Pharmaceuticals, Inc. Healthcare	Added	3,000,000	+1,250,000	$178,290,000	+151.5%	5.88%
IMVT	Immunovant, Inc. Healthcare	Added	9,728,845	+228,845	$156,828,981	+3.2%	5.17%
OCUL	Ocular Therapeutix, Inc Healthcare	Reduced	11,932,137	-2,362,283	$139,486,681	+5.2%	4.60%
GPCR	Structure Therapeutics Inc. Healthcare	Reduced	4,215,811	-918,106	$118,042,708	+10.9%	3.89%
VRDN	Viridian Therapeutics, Inc.DE Healthcare	Held	5,380,449	0	$116,110,089	+54.4%	3.83%
PTGX	Protagonist Therapeutics, Inc Healthcare	Reduced	1,715,691	-1,530,208	$113,973,353	−36.5%	3.76%
AXSM	Axsome Therapeutics, Inc. Healthcare	Added	900,000	+98,629	$109,305,000	+30.7%	3.60%
PCVX	Vaxcyte, Inc. Healthcare	Added	3,000,000	+850,000	$108,060,000	+54.6%	3.56%
MAZE	Maze Therapeutics, Inc. Healthcare	Held	3,948,910	0	$102,395,236	+111.3%	3.38%
IMCR	Immunocore Holdings plc Healthcare	Held	1,800,000	0	$65,394,000	+15.8%	2.16%
BBIO	BridgeBio Pharma, Inc. Healthcare	Added	1,200,000	+300,000	$62,328,000	+60.4%	2.05%
GERN	Geron Corp Healthcare	Reduced	41,096,522	-1,903,478	$56,302,235	−7.1%	1.86%
TERN	Terns Pharmaceuticals, Inc. Healthcare	Held	7,495,000	0	$56,287,450	+101.3%	1.86%
NRIX	Nurix Therapeutics, Inc. Healthcare	Reduced	6,057,024	-7,886	$55,966,901	−19.0%	1.84%
MBX	MBX Biosciences, Inc. Healthcare	Added	3,150,000	+961,408	$55,125,000	+120.7%	1.82%
EXAS	EXACT SCIENCES CORP	NEW	1,000,000	NEW	$54,710,000	NEW	1.80%
LBRX	Lb Pharmaceuticals Inc Healthcare	NEW	3,352,804	NEW	$52,940,775	NEW	1.75%
CLDX	Celldex Therapeutics, Inc. Healthcare	Held	2,000,000	0	$51,740,000	+27.1%	1.71%
ORKA	Oruka Therapeutics, Inc. Healthcare	Added	2,654,781	+735,983	$51,051,438	+137.3%	1.68%
XENE	Xenon Pharmaceuticals Inc. Healthcare	Reduced	1,200,000	-150,000	$48,180,000	+14.0%	1.59%
CMPS	COMPASS Pathways plc Healthcare	Reduced	7,859,648	-971,359	$45,035,783	+82.1%	1.48%
ANIP	Ani Pharmaceuticals Inc Healthcare	Reduced	450,000	-250,000	$41,220,000	−9.8%	1.36%
BCAX	Bicara Therapeutics Inc. Healthcare	Held	2,426,657	0	$38,316,914	+70.0%	1.26%
OLMA	Olema Pharmaceuticals, Inc. Healthcare	Added	3,470,172	+27,339	$33,972,983	+131.6%	1.12%
QURE	uniQure N.V. Healthcare	NEW	483,092	NEW	$28,198,080	NEW	0.93%
DYN	Dyne Therapeutics, Inc. Healthcare	NEW	2,000,000	NEW	$25,300,000	NEW	0.83%
JBIO	Jade Biosciences, Inc. Healthcare	Reduced	2,279,892	-229,409	$19,675,467	−21.5%	0.65%
GHRS	GH Research PLC Healthcare	Reduced	1,250,000	-750,000	$17,875,000	−26.7%	0.59%
ENGN	enGene Therapeutics Inc. Healthcare	Reduced	2,239,353	-2,318,222	$15,294,780	−7.8%	0.50%
GMAB	Genmab A/S Healthcare	NEW	481,267	NEW	$14,760,458	NEW	0.49%
TNGX	Tango Therapeutics, Inc. Healthcare	NEW	1,454,562	NEW	$12,218,320	NEW	0.40%
CNTX	Context Therapeutics Inc. Healthcare	Held	7,419,355	0	$7,189,354	+47.9%	0.24%
IMA	ImageneBio, Inc. Healthcare	NEW	878,516	NEW	$7,159,905	NEW	0.24%
XNCR	Xencor Inc Healthcare	Held	549,439	0	$6,444,919	+49.2%	0.21%
HELP	Cybin Inc. Healthcare	Reduced	1,000,000	-529,987	$5,890,000	−54.1%	0.19%
CRMD	CorMedix Inc. Healthcare	NEW	500,000	NEW	$5,815,000	NEW	0.19%
PEPG	PepGen Inc. Healthcare	NEW	1,200,000	NEW	$5,544,000	NEW	0.18%
CBIO	Crescent Biopharma, Inc. Healthcare	Held	453,686	0	$5,394,326	−26.3%	0.18%
ALGS	Aligos Therapeutics, Inc. Healthcare	Held	444,110	0	$4,352,278	+35.9%	0.14%
AUTL	Autolus Therapeutics plc Healthcare	Reduced	2,568,613	-14,283,534	$4,186,839	−89.1%	0.14%
XFOR	X4 Pharmaceuticals, Inc Healthcare	NEW	1,122,484	NEW	$3,838,895	NEW	0.13%
ACAD	Acadia Pharmaceuticals Inc Healthcare	NEW	105,085	NEW	$2,242,513	NEW	0.07%
AVTX	Avalo Therapeutics, Inc. Healthcare	Reduced	144,600	-422,503	$1,837,866	−35.1%	0.06%
BMRN	Biomarin Pharmaceutical Inc Healthcare	NEW	24,856	NEW	$1,346,200	NEW	0.04%
ZURA	Zura Bio Ltd Healthcare	Reduced	259,014	-1,468,548	$1,121,530	−38.2%	0.04%
CLYM	Climb Bio, Inc. Healthcare	Reduced	509,789	-530,326	$1,024,675	−20.6%	0.03%