PSP Research LLC

CIK

2106939

Location

LAS VEGAS, NV

Portfolio Value

Micro $34,477,431

Diversification

Diversified

Filing Date

Global Rank

#7,286 / 8,605 ▼ 168 · as of Mar 2026

Top Industry

Biotechnology 79.5%

3Y Alpha vs SPY

+78.1%

Period ended 3 months ago

Filed Apr 17, 2026 · 3mo

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jul 2026 · vs SPY

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

Cloned portfolio

+36.5%

SPY

+10.0%

Annualised alpha

+91.7%

Max drawdown

−7.6%

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

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

Top Position

14.1%

+12.8 pts

Top 5

21.1%

+14.5 pts

Top 10

28.7%

+15.9 pts

HHI

307

Diversified+186

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	100.0%	$34,477,431	77

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
ARQT	Arcutis Biotherapeutics, Inc.	+984	19,700	$464,132
IMCR	Immunocore Holdings plc	+717	15,141	$456,501
INBX	Inhibrx Biosciences, Inc.	+538	6,927	$465,702
TARS	Tarsus Pharmaceuticals, Inc.	+481	7,000	$491,050
VKTX	Viking Therapeutics, Inc.	+286	15,000	$488,100
ALNY	Alnylam Pharmaceuticals, Inc.	+147	1,465	$484,724
NBIX	Neurocrine Biosciences Inc	+114	3,848	$506,935
NAMS	NewAmsterdam Pharma Co N.V.	+80	15,000	$480,150
ARGX	Argenx SE	+11	641	$468,090
VERA	Vera Therapeutics, Inc.	+4	10,000	$402,300
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AMLX	Amylyx Pharmaceuticals, Inc.	−33,385	10,838	$150,648
OCUL	Ocular Therapeutix, Inc	−27,853	15,000	$127,050
EYPT	EyePoint, Inc.	−19,530	10,000	$128,900
ALKS	Alkermes plc.	−13,280	6,000	$212,160
LEGN	Legend Biotech Corp	−12,397	12,000	$217,080
SYRE	Spyre Therapeutics, Inc.	−10,681	5,159	$260,219
ZYME	Zymeworks Inc.	−10,312	10,000	$250,400
KOD	Kodiak Sciences Inc.	−9,418	10,000	$381,200
OLMA	Olema Pharmaceuticals, Inc.	−9,063	10,000	$149,100
DNTH	Dianthus Therapeutics, Inc. /DE/	−7,725	5,000	$419,600
XENE	Xenon Pharmaceuticals Inc.	−7,478	4,200	$244,230
CLDX	Celldex Therapeutics, Inc.	−7,368	13,000	$412,360
TYRA	Tyra Biosciences, Inc.	−5,853	16,000	$612,800
IMNM	Immunome Inc.	−5,245	20,000	$437,400
TGTX	Tg Therapeutics, Inc.	−4,807	13,000	$431,860
SUPN	Supernus Pharmaceuticals, Inc.	−4,758	6,000	$310,140
SNDX	Syndax Pharmaceuticals Inc	−4,716	20,000	$467,200
STOK	Stoke Therapeutics, Inc.	−4,621	12,000	$390,720
APGE	Apogee Therapeutics, Inc.	−4,484	2,500	$210,425
AUPH	Aurinia Pharmaceuticals Inc.	−3,953	30,000	$444,600
KNSA	Kiniksa Pharmaceuticals International, plc	−3,655	9,000	$433,350
RAPP	Rapport Therapeutics, Inc.	−3,506	14,000	$438,060
CELC	Celcuity Inc.	−3,244	2,000	$228,280
PTGX	Protagonist Therapeutics, Inc	−3,121	3,000	$316,200
RPRX	Royalty Pharma plc	−2,826	11,000	$527,670
No positions match the current search.

New Positions

Positions the filer opened this quarter

20 positions

Ticker	Company	Shares	Value
SERA	Sera Prognostics, Inc.	2,396,685	$4,865,270
DFTX	Definium Therapeutics, Inc.	34,800	$657,720
IRON	Disc Medicine, Inc.	8,000	$511,520
AGIO	Agios Pharmaceuticals, Inc.	15,000	$507,450
AXSM	Axsome Therapeutics, Inc.	2,845	$480,861
ARDX	Ardelyx, Inc.	80,000	$479,200
RARE	Ultragenyx Pharmaceutical Inc.	22,100	$462,995
GLUE	Monte Rosa Therapeutics, Inc.	28,000	$460,600
CMPS	COMPASS Pathways plc	71,000	$392,630
TRVI	Trevi Therapeutics, Inc.	30,000	$357,900
NTLA	Intellia Therapeutics, Inc.	26,900	$344,858
TNGX	Tango Therapeutics, Inc.	14,400	$301,248
ERAS	Erasca, Inc.	17,327	$280,350
ELVN	Enliven Therapeutics, Inc.	7,000	$274,400
ORKA	Oruka Therapeutics, Inc.	4,968	$243,680
KALV	KalVista Pharmaceuticals, Inc.	10,795	$217,303
EWTX	Edgewise Therapeutics, Inc.	6,500	$204,750
SMMT	Summit Therapeutics Inc.	10,223	$193,828
ORIC	Oric Pharmaceuticals, Inc.	13,000	$164,710
CMPX	Compass Therapeutics, Inc.	30,000	$158,700
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
TVTX	Travere Therapeutics, Inc.	15,272	$583,543
JAZZ	Jazz Pharmaceuticals plc	3,258	$553,860
CGON	CG Oncology, Inc.	13,293	$551,925
BLTE	Belite Bio, Inc	3,443	$550,742
APLS	Apellis Pharmaceuticals, Inc.	21,866	$549,273
TERN	Terns Pharmaceuticals, Inc.	13,560	$547,824
RVMD	Revolution Medicines, Inc.	6,872	$547,354
CNTA	Centessa Pharmaceuticals plc	21,879	$547,193
MLYS	Mineralys Therapeutics, Inc.	14,818	$537,745
ACLX	Arcellx, Inc.	8,224	$536,204
ROIV	Roivant Sciences Ltd.	24,621	$534,275
LQDA	Liquidia Corp	15,485	$534,077
PVLA	Palvella Therapeutics, Inc.	5,084	$532,142
INSM	INSMED Inc	3,049	$530,647
NUVL	Nuvalent, Inc.	5,261	$529,203
VRDN	Viridian Therapeutics, Inc.DE	16,967	$528,013
WVE	Wave Life Sciences Ltd.	31,040	$527,680
MAZE	Maze Therapeutics, Inc.	12,672	$525,000
DNLI	Denali Therapeutics Inc.	31,762	$524,390
BMRN	Biomarin Pharmaceutical Inc	8,772	$521,319
BEAM	Beam Therapeutics Inc.	18,334	$508,218
RYTM	Rhythm Pharmaceuticals, Inc.	4,738	$507,155
UPB	Upstream Bio, Inc.	17,634	$478,763
GPCR	Structure Therapeutics Inc.	6,719	$467,306
ARWR	Arrowhead Pharmaceuticals, Inc.	6,689	$444,082
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

77 positions · $34,477,431 total · as of Mar 31, 2026

All sectors Healthcare

Showing 1–50 of 77 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SERA	Sera Prognostics, Inc. Healthcare	NEW	2,396,685	NEW	$4,865,270	NEW	14.11%
DFTX	Definium Therapeutics, Inc. Healthcare	NEW	34,800	NEW	$657,720	NEW	1.91%
TYRA	Tyra Biosciences, Inc. Healthcare	Reduced	16,000	-5,853	$612,800	+6.7%	1.78%
ASND	Ascendis Pharma A/S Healthcare	Reduced	2,500	-79	$571,825	+4.0%	1.66%
PHVS	Pharvaris N.V. Healthcare	Reduced	20,000	-511	$565,000	−0.7%	1.64%
CYTK	Cytokinetics Inc Healthcare	Reduced	8,300	-13	$547,053	+3.6%	1.59%
RPRX	Royalty Pharma plc Healthcare	Reduced	11,000	-2,826	$527,670	−1.2%	1.53%
KYMR	Kymera Therapeutics, Inc. Healthcare	Reduced	6,300	-48	$524,727	+6.2%	1.52%
HALO	Halozyme Therapeutics, Inc. Healthcare	Held	8,026	0	$518,720	−4.0%	1.50%
EXEL	Exelixis, Inc. Healthcare	Held	11,948	0	$512,449	−2.1%	1.49%
IRON	Disc Medicine, Inc. Healthcare	NEW	8,000	NEW	$511,520	NEW	1.48%
IONS	Ionis Pharmaceuticals Inc Healthcare	Held	6,800	0	$510,612	−5.1%	1.48%
AGIO	Agios Pharmaceuticals, Inc. Healthcare	NEW	15,000	NEW	$507,450	NEW	1.47%
NBIX	Neurocrine Biosciences Inc Healthcare	Added	3,848	+114	$506,935	−4.3%	1.47%
INCY	Incyte Corp Healthcare	Reduced	5,300	-50	$498,836	−5.6%	1.45%
TARS	Tarsus Pharmaceuticals, Inc. Healthcare	Added	7,000	+481	$491,050	−8.0%	1.42%
VKTX	Viking Therapeutics, Inc. Healthcare	Added	15,000	+286	$488,100	−5.7%	1.42%
ALNY	Alnylam Pharmaceuticals, Inc. Healthcare	Added	1,465	+147	$484,724	−7.5%	1.41%
PRAX	Praxis Precision Medicines, Inc. Healthcare	Reduced	1,500	-482	$483,285	−17.3%	1.40%
AXSM	Axsome Therapeutics, Inc. Healthcare	NEW	2,845	NEW	$480,861	NEW	1.39%
NAMS	NewAmsterdam Pharma Co N.V. Healthcare	Added	15,000	+80	$480,150	−8.3%	1.39%
ARDX	Ardelyx, Inc. Healthcare	NEW	80,000	NEW	$479,200	NEW	1.39%
IMVT	Immunovant, Inc. Healthcare	Reduced	19,200	-1,105	$476,928	−7.6%	1.38%
ARGX	Argenx SE Healthcare	Added	641	+11	$468,090	−11.6%	1.36%
SNDX	Syndax Pharmaceuticals Inc Healthcare	Reduced	20,000	-4,716	$467,200	−10.0%	1.36%
INBX	Inhibrx Biosciences, Inc. Healthcare	Added	6,927	+538	$465,702	−7.7%	1.35%
ARQT	Arcutis Biotherapeutics, Inc. Healthcare	Added	19,700	+984	$464,132	−14.6%	1.35%
RARE	Ultragenyx Pharmaceutical Inc. Healthcare	NEW	22,100	NEW	$462,995	NEW	1.34%
MIRM	Mirum Pharmaceuticals, Inc. Healthcare	Reduced	5,000	-1,854	$461,900	−14.7%	1.34%
COGT	Cogent Biosciences, Inc. Healthcare	Reduced	12,000	-1,233	$461,880	−1.7%	1.34%
GLUE	Monte Rosa Therapeutics, Inc. Healthcare	NEW	28,000	NEW	$460,600	NEW	1.34%
IMCR	Immunocore Holdings plc Healthcare	Added	15,141	+717	$456,501	−8.8%	1.32%
CRSP	CRISPR Therapeutics AG Healthcare	Reduced	9,500	-80	$451,915	−10.0%	1.31%
BBIO	BridgeBio Pharma, Inc. Healthcare	Reduced	6,000	-1,140	$445,560	−18.4%	1.29%
NRIX	Nurix Therapeutics, Inc. Healthcare	Reduced	28,700	-13	$444,850	−18.3%	1.29%
AUPH	Aurinia Pharmaceuticals Inc. Healthcare	Reduced	30,000	-3,953	$444,600	−17.9%	1.29%
ACAD	Acadia Pharmaceuticals Inc Healthcare	Held	19,766	0	$439,991	−16.7%	1.28%
RAPP	Rapport Therapeutics, Inc. Healthcare	Reduced	14,000	-3,506	$438,060	−17.5%	1.27%
IMNM	Immunome Inc. Healthcare	Reduced	20,000	-5,245	$437,400	−19.3%	1.27%
KNSA	Kiniksa Pharmaceuticals International, plc Healthcare	Reduced	9,000	-3,655	$433,350	−17.0%	1.26%
TGTX	Tg Therapeutics, Inc. Healthcare	Reduced	13,000	-4,807	$431,860	−18.6%	1.25%
DNTH	Dianthus Therapeutics, Inc. /DE/ Healthcare	Reduced	5,000	-7,725	$419,600	−20.0%	1.22%
CLDX	Celldex Therapeutics, Inc. Healthcare	Reduced	13,000	-7,368	$412,360	−25.5%	1.20%
PTCT	Ptc Therapeutics, Inc. Healthcare	Reduced	6,000	-1,046	$408,780	−23.6%	1.19%
VERA	Vera Therapeutics, Inc. Healthcare	Added	10,000	+4	$402,300	−20.5%	1.17%
HRMY	Harmony Biosciences Holdings, Inc. Healthcare	Held	14,283	0	$400,066	−25.1%	1.16%
CRNX	Crinetics Pharmaceuticals, Inc. Healthcare	Reduced	11,000	-316	$399,520	−24.2%	1.16%
CMPS	COMPASS Pathways plc Healthcare	NEW	71,000	NEW	$392,630	NEW	1.14%
STOK	Stoke Therapeutics, Inc. Healthcare	Reduced	12,000	-4,621	$390,720	−25.9%	1.13%
KOD	Kodiak Sciences Inc. Healthcare	Reduced	10,000	-9,418	$381,200	−29.8%	1.11%