Filed: 2/11/2026ACC: 0000898432-26-000087
📋 What this filing means
PROPEL BIO MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 20 equity positions with a total reported market value of $117.12M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
20
Positions
$117.12M
Total AUM (reported)
15.54M
Total Shares
Allocation by class
COM$59.21M50.6%
LTD PARTNR INT A$24.35M20.8%
COM NEW$19.51M16.7%
SPONSORED ADS$5.95M5.1%
ADS$4.65M4.0%
ORDINARY SHARES$3.45M2.9%
Portfolio Concentration
Top 3$55.46M47.4%
4–10$42.78M36.5%
11–25$18.88M16.1%
Top 3 weight
47.4%
Top 10 weight
83.9%
Voting Authority Distribution
Total shares with voting rights: 15.54M
Sole
Full voting authority
8.88M
shares
% of voting shares57.2%
Shared
Joint voting authority
6.66M
shares
% of voting shares42.8%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other20
Dominant voting typeSole · 57.2% of voting shares
Institutional Holdings20
Rows:
PLAINS GP HLDGS L P
DFNDShares1.27M
TypeSH
Market value$24.35M
20.79%
Sole
0.00
Shared
1.27M
None
0.00
ACHIEVE LIFE SCIENCES INC
DFNDShares3.79M
TypeSH
Market value$18.82M
16.07%
Sole
2.60M
Shared
1.18M
None
0.00
PHATHOM PHARMACEUTICALS INC
DFNDShares740.92K
TypeSH
Market value$12.29M
10.49%
Sole
418.98K
Shared
321.94K
None
0.00
VIRIDIAN THERAPEUTICS INC
DFNDShares282.53K
TypeSH
Market value$8.79M
7.51%
Sole
179K
Shared
103.53K
None
0.00
MILESTONE PHARMACEUTICALS
DFNDShares4.12M
TypeSH
Market value$8.32M
7.10%
Sole
2.61M
Shared
1.51M
None
0.00
KYVERNA THERAPEUTICS INC
DFNDShares666.67K
TypeSH
Market value$6.27M
5.35%
Sole
474.33K
Shared
192.34K
None
0.00
COMPASS PATHWAYS PLC
DFNDShares861.78K
TypeSH
Market value$5.95M
5.08%
Sole
571.78K
Shared
290K
None
0.00
INVENTIVA SA - ADR
DFNDShares1M
TypeSH
Market value$4.65M
3.97%
Sole
662.34K
Shared
337.66K
None
0.00
DELCATH SYSTEMS INC
DFNDShares438.51K
TypeSH
Market value$4.43M
3.78%
Sole
177.38K
Shared
261.13K
None
0.00
ABEONA THERAPEUTICS INC
DFNDShares830.78K
TypeSH
Market value$4.38M
3.74%
Sole
330.44K
Shared
500.34K
None
0.00
CELLDEX THERAPEUTICS INC
DFNDShares154.30K
TypeSH
Market value$4.19M
3.58%
Sole
69.30K
Shared
85K
None
0.00
NEKTAR THERAPEUTICS
DFNDShares82.82K
TypeSH
Market value$3.50M
2.99%
Sole
54.82K
Shared
28K
None
0.00
OCULIS HOLDING AG
DFNDShares172.84K
TypeSH
Market value$3.45M
2.95%
Sole
74.07K
Shared
98.77K
None
0.00
SAB BIOTHERAPEUTICS INC
DFNDShares652.88K
TypeSH
Market value$2.44M
2.08%
Sole
444.65K
Shared
208.23K
None
0.00
REGENXBIO INC
DFNDShares116.90K
TypeSH
Market value$1.68M
1.44%
Sole
78.90K
Shared
38K
None
0.00
ATHIRA PHARMA INC
DFNDShares149.28K
TypeSH
Market value$1.13M
0.96%
Sole
0.00
Shared
149.28K
None
0.00
LENZ THERAPEUTICS INC
DFNDShares59.09K
TypeSH
Market value$945.4K
0.81%
Sole
41.60K
Shared
17.48K
None
0.00
AARDVARK THERAPEUTICS INC
DFNDShares46.41K
TypeSH
Market value$609.1K
0.52%
Sole
43.60K
Shared
2.81K
None
0.00
ZEVRA THERAPEUTICS INC
DFNDShares63.68K
TypeSH
Market value$570.6K
0.49%
Sole
25.86K
Shared
37.82K
None
0.00
KALARIS THERAPEUTICS INC
DFNDShares42.05K
TypeSH
Market value$354.9K
0.30%
Sole
21.98K
Shared
20.07K
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PLAINS GP HLDGS L PDFND | LTD PARTNR INT A | 1.27M | SH | $24.35M 20.79% | 0.00 | 1.27M | 0.00 |
ACHIEVE LIFE SCIENCES INCDFND | COM | 3.79M | SH | $18.82M 16.07% | 2.60M | 1.18M | 0.00 |
PHATHOM PHARMACEUTICALS INCDFND | COM | 740.92K | SH | $12.29M 10.49% | 418.98K | 321.94K | 0.00 |
VIRIDIAN THERAPEUTICS INCDFND | COM | 282.53K | SH | $8.79M 7.51% | 179K | 103.53K | 0.00 |
MILESTONE PHARMACEUTICALSDFND | COM | 4.12M | SH | $8.32M 7.10% | 2.61M | 1.51M | 0.00 |
KYVERNA THERAPEUTICS INCDFND | COM | 666.67K | SH | $6.27M 5.35% | 474.33K | 192.34K | 0.00 |
COMPASS PATHWAYS PLCDFND | SPONSORED ADS | 861.78K | SH | $5.95M 5.08% | 571.78K | 290K | 0.00 |
INVENTIVA SA - ADRDFND | ADS | 1M | SH | $4.65M 3.97% | 662.34K | 337.66K | 0.00 |
DELCATH SYSTEMS INCDFND | COM NEW | 438.51K | SH | $4.43M 3.78% | 177.38K | 261.13K | 0.00 |
ABEONA THERAPEUTICS INCDFND | COM NEW | 830.78K | SH | $4.38M 3.74% | 330.44K | 500.34K | 0.00 |
CELLDEX THERAPEUTICS INCDFND | COM NEW | 154.30K | SH | $4.19M 3.58% | 69.30K | 85K | 0.00 |
NEKTAR THERAPEUTICSDFND | COM NEW | 82.82K | SH | $3.50M 2.99% | 54.82K | 28K | 0.00 |
OCULIS HOLDING AGDFND | ORDINARY SHARES | 172.84K | SH | $3.45M 2.95% | 74.07K | 98.77K | 0.00 |
SAB BIOTHERAPEUTICS INCDFND | COM NEW | 652.88K | SH | $2.44M 2.08% | 444.65K | 208.23K | 0.00 |
REGENXBIO INCDFND | COM | 116.90K | SH | $1.68M 1.44% | 78.90K | 38K | 0.00 |
ATHIRA PHARMA INCDFND | COM | 149.28K | SH | $1.13M 0.96% | 0.00 | 149.28K | 0.00 |
LENZ THERAPEUTICS INCDFND | COM | 59.09K | SH | $945.4K 0.81% | 41.60K | 17.48K | 0.00 |
AARDVARK THERAPEUTICS INCDFND | COM | 46.41K | SH | $609.1K 0.52% | 43.60K | 2.81K | 0.00 |
ZEVRA THERAPEUTICS INCDFND | COM NEW | 63.68K | SH | $570.6K 0.49% | 25.86K | 37.82K | 0.00 |
KALARIS THERAPEUTICS INCDFND | COM | 42.05K | SH | $354.9K 0.30% | 21.98K | 20.07K | 0.00 |