Ikarian Capital, LLC

CIK

1778253

City

DALLAS

State / Country

TX

Stock

CABA — Cabaletta Bio, Inc.

Top Portfolio Positions

134 positions · $1,088,185,757 total · as of Mar 31, 2026

Ticker	Company	Shares	Value (USD)	% of Portfolio	Open
TERN	Terns Pharmaceuticals, Inc. Healthcare	2,656,378	$140,044,248	12.87%
CYTK	Cytokinetics Inc Healthcare	1,242,472	$81,891,329	7.53%
QQQ	Invesco Qqq Trust, Series 1	100,000	$57,718,000	5.30%
KOD	Kodiak Sciences Inc. Healthcare	1,365,795	$52,064,105	4.78%
ABVX	Abivax S.A. Healthcare	350,935	$39,076,612	3.59%
ALMS	Alumis Inc. Healthcare	1,478,148	$32,563,600	2.99%
BMY	Bristol Myers Squibb Co Healthcare	500,000	$30,325,000	2.79%
CAPR	Capricor Therapeutics, Inc. Healthcare	878,015	$26,691,656	2.45%
RVMD	Revolution Medicines, Inc. Healthcare	258,142	$25,104,309	2.31%
PCVX	Vaxcyte, Inc. Healthcare	428,682	$24,910,711	2.29%

Portfolio Trend

25 quarters · across all stocks

Holdings in CABA

Compact Export CSV

Shares Held

Position Value (USD)

15 quarters on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$2,421,000	900,000	0.0%	Shares	Sole	2026-05-15
2025-12-31	$1,971,000	900,000	+350.0%	Shares	Sole	2026-02-18
2024-03-31	$3,412,000	200,000	0.0%	Put	Sole	2024-05-17
2023-12-31	$4,540,000	200,000	-7.7%	Put	Sole	2024-02-14
2023-12-31	$4,917,274	216,620	+615.2%	Shares	Sole	2024-02-14
2022-12-31	$280,145	30,286	-82.0%	Shares	Sole	2023-02-14
2022-09-30	$109,604	168,623	-82.1%	Shares	Sole	2022-11-14
2022-06-30	$1,001,096	944,431	+110.3%	Shares	Sole	2022-08-12
2022-03-31	$911,470	449,000	-56.0%	Call	Sole	2022-05-13
2022-03-31	$2,070,742	1,020,070	+141.2%	Shares	Sole	2022-05-13
2021-12-31	$1,603,170	423,000	-56.4%	Call	Sole	2022-02-14
2021-12-31	$3,677,808	970,398	-18.3%	Shares	Sole	2022-02-14
2021-09-30	$14,444,839	1,187,898	+25.4%	Shares	Sole	2021-11-15
2021-06-30	$8,145,300	947,128	+143.2%	Shares	Sole	2021-08-18
2021-03-31	$4,322,162	389,384	—	Shares	Sole	2021-08-18
No 13F history on record for this holder in this stock.