Filed: 8/14/2026ACC: 0001214659-26-010416
📋 What this filing means
TANG CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 41 equity positions with a total reported market value of $2.20B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
41
Positions
$2.20B
Total AUM (reported)
142.45M
Total Shares
Allocation by class
COM$1.32B59.9%
COM NEW$268.74M12.2%
ORD SHS CL A$144.52M6.6%
SPONSORED ADS$114.48M5.2%
SPON ADR$113.50M5.2%
TR UNIT$91.85M4.2%
ADS$84.12M3.8%
Portfolio Concentration
Top 3$534.05M24.3%
4–10$845.77M38.4%
11–25$689.93M31.3%
Rest$132.04M6.0%
Top 3 weight
24.3%
Top 10 weight
62.7%
Voting Authority Distribution
Total shares with voting rights: 142.45M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
142.45M
shares
% of voting shares100.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other41
Dominant voting typeShared · 100.0% of voting shares
Institutional Holdings41
Rows:
AURINIA PHARMACEUTICALS INC
OTRShares13.04M
TypeSH
Market value$221.36M
10.05%
Sole
0.00
Shared
13.04M
None
0.00
SPYRE THERAPEUTICS INC
OTRShares1.89M
TypeSH
Market value$167.99M
7.63%
Sole
0.00
Shared
1.89M
None
0.00
MIRUM PHARMACEUTICALS INC
OTRShares1.24M
TypeSH
Market value$144.70M
6.57%
Sole
0.00
Shared
1.24M
None
0.00
KINIKSA PHARMACEUTICALS INTL
OTRShares2.26M
TypeSH
Market value$144.52M
6.56%
Sole
0.00
Shared
2.26M
None
0.00
CELCUITY INC
OTRShares1.31M
TypeSH
Market value$137.53M
6.25%
Sole
0.00
Shared
1.31M
None
0.00
CORCEPT THERAPEUTICS INC
OTRShares1.50M
TypeSH
Market value$130.43M
5.92%
Sole
0.00
Shared
1.50M
None
0.00
PTC THERAPEUTICS INC
OTRShares1.50M
TypeSH
Market value$122.36M
5.56%
Sole
0.00
Shared
1.50M
None
0.00
LAKEFRONT BIOTHERAPEUTICS NV
OTRShares3.79M
TypeSH
Market value$113.50M
5.16%
Sole
0.00
Shared
3.79M
None
0.00
CAPRICOR THERAPEUTICS INC
OTRShares4.10M
TypeSH
Market value$98.73M
4.48%
Sole
0.00
Shared
4.10M
None
0.00
TARSUS PHARMACEUTICALS INC
OTRShares1.57M
TypeSH
Market value$98.71M
4.48%
Sole
0.00
Shared
1.57M
None
0.00
STATE STR SPDR S&P 500 ETF T
OTRShares123K
TypeSH
Market value$91.85M
4.17%
Sole
0.00
Shared
123K
None
0.00
ANAPTYSBIO INC
OTRShares1.33M
TypeSH
Market value$89.83M
4.08%
Sole
0.00
Shared
1.33M
None
0.00
IMMUNOCORE HLDGS PLC
OTRShares2.65M
TypeSH
Market value$84.12M
3.82%
Sole
0.00
Shared
2.65M
None
0.00
COMPASS PATHWAYS PLC
OTRShares5M
TypeSH
Market value$70.75M
3.21%
Sole
0.00
Shared
5M
None
0.00
ANI PHARMACEUTICALS INC
OTRShares707.50K
TypeSH
Market value$58.57M
2.66%
Sole
0.00
Shared
707.50K
None
0.00
BIONTECH SE
OTRShares470K
TypeSH
Market value$43.73M
1.99%
Sole
0.00
Shared
470K
None
0.00
COMPASS THERAPEUTICS INC
OTRShares17.99M
TypeSH
Market value$39.40M
1.79%
Sole
0.00
Shared
17.99M
None
0.00
PRECIGEN INC
OTRShares6.42M
TypeSH
Market value$36.58M
1.66%
Sole
0.00
Shared
6.42M
None
0.00
VIRIDIAN THERAPEUTICS INC
OTRShares1.79M
TypeSH
Market value$32.93M
1.50%
Sole
0.00
Shared
1.79M
None
0.00
NUVECTIS PHARMA INC
OTRShares1.55M
TypeSH
Market value$28.50M
1.29%
Sole
0.00
Shared
1.55M
None
0.00
DIANTHUS THERAPEUTICS INC
OTRShares264.69K
TypeSH
Market value$25.80M
1.17%
Sole
0.00
Shared
264.69K
None
0.00
FULCRUM THERAPEUTICS INC
OTRShares6.52M
TypeSH
Market value$23.87M
1.08%
Sole
0.00
Shared
6.52M
None
0.00
ATEA PHARMACEUTICALS INC
OTRShares4.81M
TypeSH
Market value$22.39M
1.02%
Sole
0.00
Shared
4.81M
None
0.00
CRESCENT BIOPHARMA INC.
OTRShares1.16M
TypeSH
Market value$20.88M
0.95%
Sole
0.00
Shared
1.16M
None
0.00
NANO DIMENSION LTD
OTRShares14.29M
TypeSH
Market value$20.72M
0.94%
Sole
0.00
Shared
14.29M
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
AURINIA PHARMACEUTICALS INCOTR | COM | 13.04M | SH | $221.36M 10.05% | 0.00 | 13.04M | 0.00 |
SPYRE THERAPEUTICS INCOTR | COM NEW | 1.89M | SH | $167.99M 7.63% | 0.00 | 1.89M | 0.00 |
MIRUM PHARMACEUTICALS INCOTR | COM | 1.24M | SH | $144.70M 6.57% | 0.00 | 1.24M | 0.00 |
KINIKSA PHARMACEUTICALS INTLOTR | ORD SHS CL A | 2.26M | SH | $144.52M 6.56% | 0.00 | 2.26M | 0.00 |
CELCUITY INCOTR | COM | 1.31M | SH | $137.53M 6.25% | 0.00 | 1.31M | 0.00 |
CORCEPT THERAPEUTICS INCOTR | COM | 1.50M | SH | $130.43M 5.92% | 0.00 | 1.50M | 0.00 |
PTC THERAPEUTICS INCOTR | COM | 1.50M | SH | $122.36M 5.56% | 0.00 | 1.50M | 0.00 |
LAKEFRONT BIOTHERAPEUTICS NVOTR | SPON ADR | 3.79M | SH | $113.50M 5.16% | 0.00 | 3.79M | 0.00 |
CAPRICOR THERAPEUTICS INCOTR | COM NEW | 4.10M | SH | $98.73M 4.48% | 0.00 | 4.10M | 0.00 |
TARSUS PHARMACEUTICALS INCOTR | COM | 1.57M | SH | $98.71M 4.48% | 0.00 | 1.57M | 0.00 |
STATE STR SPDR S&P 500 ETF TOTR | TR UNIT | 123K | SH | $91.85M 4.17% | 0.00 | 123K | 0.00 |
ANAPTYSBIO INCOTR | COM | 1.33M | SH | $89.83M 4.08% | 0.00 | 1.33M | 0.00 |
IMMUNOCORE HLDGS PLCOTR | ADS | 2.65M | SH | $84.12M 3.82% | 0.00 | 2.65M | 0.00 |
COMPASS PATHWAYS PLCOTR | SPONSORED ADS | 5M | SH | $70.75M 3.21% | 0.00 | 5M | 0.00 |
ANI PHARMACEUTICALS INCOTR | COM | 707.50K | SH | $58.57M 2.66% | 0.00 | 707.50K | 0.00 |
BIONTECH SEOTR | SPONSORED ADS | 470K | SH | $43.73M 1.99% | 0.00 | 470K | 0.00 |
COMPASS THERAPEUTICS INCOTR | COM | 17.99M | SH | $39.40M 1.79% | 0.00 | 17.99M | 0.00 |
PRECIGEN INCOTR | COM | 6.42M | SH | $36.58M 1.66% | 0.00 | 6.42M | 0.00 |
VIRIDIAN THERAPEUTICS INCOTR | COM | 1.79M | SH | $32.93M 1.50% | 0.00 | 1.79M | 0.00 |
NUVECTIS PHARMA INCOTR | COM | 1.55M | SH | $28.50M 1.29% | 0.00 | 1.55M | 0.00 |
DIANTHUS THERAPEUTICS INCOTR | COM | 264.69K | SH | $25.80M 1.17% | 0.00 | 264.69K | 0.00 |
FULCRUM THERAPEUTICS INCOTR | COM | 6.52M | SH | $23.87M 1.08% | 0.00 | 6.52M | 0.00 |
ATEA PHARMACEUTICALS INCOTR | COM | 4.81M | SH | $22.39M 1.02% | 0.00 | 4.81M | 0.00 |
CRESCENT BIOPHARMA INC.OTR | COM | 1.16M | SH | $20.88M 0.95% | 0.00 | 1.16M | 0.00 |
NANO DIMENSION LTDOTR | SPONSORD ADS NEW | 14.29M | SH | $20.72M 0.94% | 0.00 | 14.29M | 0.00 |
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