Filed: 11/13/2025ACC: 0000935836-25-000666
📋 What this filing means
STONEPINE CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 58 equity positions with a total reported market value of $123.01M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
58
Positions
$123.01M
Total AUM (reported)
26.71M
Total Shares
Allocation by class
COM$62.95M51.2%
COM NEW$56.86M46.2%
ORD$2.41M2.0%
COM CL A NEW$297.8K0.2%
SPONSORED ADS$291.1K0.2%
COM SHS$197.7K0.2%
Portfolio Concentration
Top 3$43.84M35.6%
4–10$32.54M26.5%
11–25$29.86M24.3%
Rest$16.77M13.6%
Top 3 weight
35.6%
Top 10 weight
62.1%
Voting Authority Distribution
Total shares with voting rights: 26.71M
Sole
Full voting authority
26.71M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole58
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings58
Rows:
VERASTEM INC
SOLEShares2.67M
TypeSH
Market value$23.58M
19.17%
Sole
2.67M
Shared
0.00
None
0.00
ADMA BIOLOGICS INC
SOLEShares739K
TypeSH
Market value$10.83M
8.81%
Sole
739K
Shared
0.00
None
0.00
EVOLUS INC
SOLEShares1.54M
TypeSH
Market value$9.43M
7.67%
Sole
1.54M
Shared
0.00
None
0.00
ZEVRA THERAPEUTICS INC
SOLEShares810K
TypeSH
Market value$7.70M
6.26%
Sole
810K
Shared
0.00
None
0.00
NEKTAR THERAPEUTICS
SOLEShares85K
TypeSH
Market value$4.84M
3.93%
Sole
85K
Shared
0.00
None
0.00
DAY ONE BIOPHARMACEUTICALS I
SOLEShares647.38K
TypeSH
Market value$4.56M
3.71%
Sole
647.38K
Shared
0.00
None
0.00
XOMA ROYALTY CORPORATION
SOLEShares115.46K
TypeSH
Market value$4.45M
3.62%
Sole
115.46K
Shared
0.00
None
0.00
ACADIA PHARMACEUTICALS INC
SOLEShares174.54K
TypeSH
Market value$3.72M
3.03%
Sole
174.54K
Shared
0.00
None
0.00
ENANTA PHARMACEUTICALS INC
SOLEShares305K
TypeSH
Market value$3.65M
2.97%
Sole
305K
Shared
0.00
None
0.00
X4 PHARMACEUTICALS INC
SOLEShares1.06M
TypeSH
Market value$3.61M
2.94%
Sole
1.06M
Shared
0.00
None
0.00
OMNIAB INC
SOLEShares2.14M
TypeSH
Market value$3.43M
2.79%
Sole
2.14M
Shared
0.00
None
0.00
SURROZEN INC
SOLEShares250.15K
TypeSH
Market value$3.22M
2.62%
Sole
250.15K
Shared
0.00
None
0.00
TELA BIO INC
SOLEShares2.16M
TypeSH
Market value$3.21M
2.61%
Sole
2.16M
Shared
0.00
None
0.00
INDIVIOR PLC
SOLEShares100K
TypeSH
Market value$2.41M
1.96%
Sole
100K
Shared
0.00
None
0.00
ABEONA THERAPEUTICS INC
SOLEShares450.97K
TypeSH
Market value$2.38M
1.94%
Sole
450.97K
Shared
0.00
None
0.00
GERON CORP
SOLEShares1.60M
TypeSH
Market value$2.19M
1.78%
Sole
1.60M
Shared
0.00
None
0.00
PMV PHARMACEUTICALS INC
SOLEShares1.37M
TypeSH
Market value$1.92M
1.56%
Sole
1.37M
Shared
0.00
None
0.00
EDESA BIOTECH INC
SOLEShares687.50K
TypeSH
Market value$1.70M
1.38%
Sole
687.50K
Shared
0.00
None
0.00
AYTU BIOPHARMA INC
SOLEShares891.86K
TypeSH
Market value$1.68M
1.36%
Sole
891.86K
Shared
0.00
None
0.00
SOLENO THERAPEUTICS INC
SOLEShares24K
TypeSH
Market value$1.62M
1.32%
Sole
24K
Shared
0.00
None
0.00
KEZAR LIFE SCIENCES INC
SOLEShares383.18K
TypeSH
Market value$1.49M
1.21%
Sole
383.18K
Shared
0.00
None
0.00
ALUMIS INC
SOLEShares300K
TypeSH
Market value$1.20M
0.97%
Sole
300K
Shared
0.00
None
0.00
INHIBIKASE THERAPEUTICS INC
SOLEShares735.02K
TypeSH
Market value$1.19M
0.97%
Sole
735.02K
Shared
0.00
None
0.00
BIOAGE LABS INC
SOLEShares188.57K
TypeSH
Market value$1.11M
0.90%
Sole
188.57K
Shared
0.00
None
0.00
ARDELYX INC
SOLEShares200K
TypeSH
Market value$1.10M
0.90%
Sole
200K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VERASTEM INCSOLE | COM NEW | 2.67M | SH | $23.58M 19.17% | 2.67M | 0.00 | 0.00 |
ADMA BIOLOGICS INCSOLE | COM | 739K | SH | $10.83M 8.81% | 739K | 0.00 | 0.00 |
EVOLUS INCSOLE | COM | 1.54M | SH | $9.43M 7.67% | 1.54M | 0.00 | 0.00 |
ZEVRA THERAPEUTICS INCSOLE | COM NEW | 810K | SH | $7.70M 6.26% | 810K | 0.00 | 0.00 |
NEKTAR THERAPEUTICSSOLE | COM NEW | 85K | SH | $4.84M 3.93% | 85K | 0.00 | 0.00 |
DAY ONE BIOPHARMACEUTICALS ISOLE | COM | 647.38K | SH | $4.56M 3.71% | 647.38K | 0.00 | 0.00 |
XOMA ROYALTY CORPORATIONSOLE | COM NEW | 115.46K | SH | $4.45M 3.62% | 115.46K | 0.00 | 0.00 |
ACADIA PHARMACEUTICALS INCSOLE | COM | 174.54K | SH | $3.72M 3.03% | 174.54K | 0.00 | 0.00 |
ENANTA PHARMACEUTICALS INCSOLE | COM | 305K | SH | $3.65M 2.97% | 305K | 0.00 | 0.00 |
X4 PHARMACEUTICALS INCSOLE | COM NEW | 1.06M | SH | $3.61M 2.94% | 1.06M | 0.00 | 0.00 |
OMNIAB INCSOLE | COM | 2.14M | SH | $3.43M 2.79% | 2.14M | 0.00 | 0.00 |
SURROZEN INCSOLE | COM NEW | 250.15K | SH | $3.22M 2.62% | 250.15K | 0.00 | 0.00 |
TELA BIO INCSOLE | COM | 2.16M | SH | $3.21M 2.61% | 2.16M | 0.00 | 0.00 |
INDIVIOR PLCSOLE | ORD | 100K | SH | $2.41M 1.96% | 100K | 0.00 | 0.00 |
ABEONA THERAPEUTICS INCSOLE | COM NEW | 450.97K | SH | $2.38M 1.94% | 450.97K | 0.00 | 0.00 |
GERON CORPSOLE | COM | 1.60M | SH | $2.19M 1.78% | 1.60M | 0.00 | 0.00 |
PMV PHARMACEUTICALS INCSOLE | COM | 1.37M | SH | $1.92M 1.56% | 1.37M | 0.00 | 0.00 |
EDESA BIOTECH INCSOLE | COM NEW | 687.50K | SH | $1.70M 1.38% | 687.50K | 0.00 | 0.00 |
AYTU BIOPHARMA INCSOLE | COM | 891.86K | SH | $1.68M 1.36% | 891.86K | 0.00 | 0.00 |
SOLENO THERAPEUTICS INCSOLE | COM | 24K | SH | $1.62M 1.32% | 24K | 0.00 | 0.00 |
KEZAR LIFE SCIENCES INCSOLE | COM NEW | 383.18K | SH | $1.49M 1.21% | 383.18K | 0.00 | 0.00 |
ALUMIS INCSOLE | COM | 300K | SH | $1.20M 0.97% | 300K | 0.00 | 0.00 |
INHIBIKASE THERAPEUTICS INCSOLE | COM NEW | 735.02K | SH | $1.19M 0.97% | 735.02K | 0.00 | 0.00 |
BIOAGE LABS INCSOLE | COM | 188.57K | SH | $1.11M 0.90% | 188.57K | 0.00 | 0.00 |
ARDELYX INCSOLE | COM | 200K | SH | $1.10M 0.90% | 200K | 0.00 | 0.00 |
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