Filed: 5/15/2026ACC: 0001214659-26-006493
📋 What this filing means
TANG CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 51 equity positions with a total reported market value of $1.97B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
51
Positions
$1.97B
Total AUM (reported)
108.85M
Total Shares
Allocation by class
COM$1.22B62.2%
COM NEW$208.20M10.6%
SPON ADR$113.58M5.8%
TR UNIT$109.26M5.5%
ORD SHS CL A$108.81M5.5%
ADS$79.88M4.1%
SPONSORED ADS$63.91M3.2%
Portfolio Concentration
Top 3$415.27M21.1%
4–10$724.71M36.8%
11–25$692.79M35.2%
Rest$136.19M6.9%
Top 3 weight
21.1%
Top 10 weight
57.9%
Voting Authority Distribution
Total shares with voting rights: 108.85M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
108.85M
shares
% of voting shares100.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other51
Dominant voting typeShared · 100.0% of voting shares
Institutional Holdings51
Rows:
AURINIA PHARMACEUTICALS INC
OTRShares12.23M
TypeSH
Market value$181.24M
9.20%
Sole
0.00
Shared
12.23M
None
0.00
CELCUITY INC
OTRShares1.05M
TypeSH
Market value$119.85M
6.09%
Sole
0.00
Shared
1.05M
None
0.00
MIRUM PHARMACEUTICALS INC
OTRShares1.24M
TypeSH
Market value$114.18M
5.80%
Sole
0.00
Shared
1.24M
None
0.00
GALAPAGOS NV
OTRShares3.79M
TypeSH
Market value$113.58M
5.77%
Sole
0.00
Shared
3.79M
None
0.00
STATE STR SPDR S&P 500 ETF T
OTRShares168K
TypeSH
Market value$109.26M
5.55%
Sole
0.00
Shared
168K
None
0.00
KINIKSA PHARMACEUTICALS INTL
OTRShares2.26M
TypeSH
Market value$108.81M
5.53%
Sole
0.00
Shared
2.26M
None
0.00
CAPRICOR THERAPEUTICS INC
OTRShares3.40M
TypeSH
Market value$103.36M
5.25%
Sole
0.00
Shared
3.40M
None
0.00
PTC THERAPEUTICS INC
OTRShares1.50M
TypeSH
Market value$102.19M
5.19%
Sole
0.00
Shared
1.50M
None
0.00
SPYRE THERAPEUTICS INC
OTRShares1.89M
TypeSH
Market value$95.44M
4.85%
Sole
0.00
Shared
1.89M
None
0.00
KALVISTA PHARMACEUTICALS INC
OTRShares4.57M
TypeSH
Market value$92.07M
4.68%
Sole
0.00
Shared
4.57M
None
0.00
COMPASS THERAPEUTICS INC
OTRShares16.79M
TypeSH
Market value$88.82M
4.51%
Sole
0.00
Shared
16.79M
None
0.00
TARSUS PHARMACEUTICALS INC
OTRShares1.19M
TypeSH
Market value$83.38M
4.23%
Sole
0.00
Shared
1.19M
None
0.00
IMMUNOCORE HLDGS PLC
OTRShares2.65M
TypeSH
Market value$79.88M
4.06%
Sole
0.00
Shared
2.65M
None
0.00
ANAPTYSBIO INC
OTRShares1.33M
TypeSH
Market value$73.81M
3.75%
Sole
0.00
Shared
1.33M
None
0.00
CORCEPT THERAPEUTICS INC
OTRShares1.50M
TypeSH
Market value$60.47M
3.07%
Sole
0.00
Shared
1.50M
None
0.00
ANI PHARMACEUTICALS INC
OTRShares707.50K
TypeSH
Market value$54.41M
2.76%
Sole
0.00
Shared
707.50K
None
0.00
INSMED INC
OTRShares260K
TypeSH
Market value$42.52M
2.16%
Sole
0.00
Shared
260K
None
0.00
BIONTECH SE
OTRShares470K
TypeSH
Market value$41.77M
2.12%
Sole
0.00
Shared
470K
None
0.00
VIRIDIAN THERAPEUTICS INC
OTRShares1.79M
TypeSH
Market value$35.06M
1.78%
Sole
0.00
Shared
1.79M
None
0.00
ATEA PHARMACEUTICALS INC
OTRShares4.81M
TypeSH
Market value$25.90M
1.32%
Sole
0.00
Shared
4.81M
None
0.00
PRECIGEN INC
OTRShares6.42M
TypeSH
Market value$24.84M
1.26%
Sole
0.00
Shared
6.42M
None
0.00
DIANTHUS THERAPEUTICS INC
OTRShares264.69K
TypeSH
Market value$22.21M
1.13%
Sole
0.00
Shared
264.69K
None
0.00
COMPASS PATHWAYS PLC
OTRShares4M
TypeSH
Market value$22.13M
1.12%
Sole
0.00
Shared
4M
None
0.00
CRESCENT BIOPHARMA INC.
OTRShares1.16M
TypeSH
Market value$21.31M
1.08%
Sole
0.00
Shared
1.16M
None
0.00
STOKE THERAPEUTICS INC
OTRShares500K
TypeSH
Market value$16.28M
0.83%
Sole
0.00
Shared
500K
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
AURINIA PHARMACEUTICALS INCOTR | COM | 12.23M | SH | $181.24M 9.20% | 0.00 | 12.23M | 0.00 |
CELCUITY INCOTR | COM | 1.05M | SH | $119.85M 6.09% | 0.00 | 1.05M | 0.00 |
MIRUM PHARMACEUTICALS INCOTR | COM | 1.24M | SH | $114.18M 5.80% | 0.00 | 1.24M | 0.00 |
GALAPAGOS NVOTR | SPON ADR | 3.79M | SH | $113.58M 5.77% | 0.00 | 3.79M | 0.00 |
STATE STR SPDR S&P 500 ETF TOTR | TR UNIT | 168K | SH | $109.26M 5.55% | 0.00 | 168K | 0.00 |
KINIKSA PHARMACEUTICALS INTLOTR | ORD SHS CL A | 2.26M | SH | $108.81M 5.53% | 0.00 | 2.26M | 0.00 |
CAPRICOR THERAPEUTICS INCOTR | COM NEW | 3.40M | SH | $103.36M 5.25% | 0.00 | 3.40M | 0.00 |
PTC THERAPEUTICS INCOTR | COM | 1.50M | SH | $102.19M 5.19% | 0.00 | 1.50M | 0.00 |
SPYRE THERAPEUTICS INCOTR | COM NEW | 1.89M | SH | $95.44M 4.85% | 0.00 | 1.89M | 0.00 |
KALVISTA PHARMACEUTICALS INCOTR | COM | 4.57M | SH | $92.07M 4.68% | 0.00 | 4.57M | 0.00 |
COMPASS THERAPEUTICS INCOTR | COM | 16.79M | SH | $88.82M 4.51% | 0.00 | 16.79M | 0.00 |
TARSUS PHARMACEUTICALS INCOTR | COM | 1.19M | SH | $83.38M 4.23% | 0.00 | 1.19M | 0.00 |
IMMUNOCORE HLDGS PLCOTR | ADS | 2.65M | SH | $79.88M 4.06% | 0.00 | 2.65M | 0.00 |
ANAPTYSBIO INCOTR | COM | 1.33M | SH | $73.81M 3.75% | 0.00 | 1.33M | 0.00 |
CORCEPT THERAPEUTICS INCOTR | COM | 1.50M | SH | $60.47M 3.07% | 0.00 | 1.50M | 0.00 |
ANI PHARMACEUTICALS INCOTR | COM | 707.50K | SH | $54.41M 2.76% | 0.00 | 707.50K | 0.00 |
INSMED INCOTR | COM PAR $.01 | 260K | SH | $42.52M 2.16% | 0.00 | 260K | 0.00 |
BIONTECH SEOTR | SPONSORED ADS | 470K | SH | $41.77M 2.12% | 0.00 | 470K | 0.00 |
VIRIDIAN THERAPEUTICS INCOTR | COM | 1.79M | SH | $35.06M 1.78% | 0.00 | 1.79M | 0.00 |
ATEA PHARMACEUTICALS INCOTR | COM | 4.81M | SH | $25.90M 1.32% | 0.00 | 4.81M | 0.00 |
PRECIGEN INCOTR | COM | 6.42M | SH | $24.84M 1.26% | 0.00 | 6.42M | 0.00 |
DIANTHUS THERAPEUTICS INCOTR | COM | 264.69K | SH | $22.21M 1.13% | 0.00 | 264.69K | 0.00 |
COMPASS PATHWAYS PLCOTR | SPONSORED ADS | 4M | SH | $22.13M 1.12% | 0.00 | 4M | 0.00 |
CRESCENT BIOPHARMA INC.OTR | COM | 1.16M | SH | $21.31M 1.08% | 0.00 | 1.16M | 0.00 |
STOKE THERAPEUTICS INCOTR | COM | 500K | SH | $16.28M 0.83% | 0.00 | 500K | 0.00 |
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