Caligan Partners LP
13F Reported Value
ⓘ$1.5B
incl. option notional
Equity Holdings
ⓘ$1.4B
Option Notional
ⓘ$88.9M
$0 puts / $88.9M calls
Holdings
28
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Caligan Partners LP disclosed 28 positions worth $1.5B in its Form 13F-HR for Q1 2026 — $1.4B in common stock plus $88.9M of put/call option positions (reported at underlying notional value, not premium at risk), led by $LQDA (Liquidia Corp) at 21.7% of the equity portfolio, followed by $ABVX and $RVMD. During the quarter the fund opened 11 new positions and exited 7 — including a new stake in $CGON and a full exit from $MLYS. The portfolio is most concentrated in Healthcare (99.7% of disclosed assets). All figures are sourced directly from Caligan Partners LP’s Form 13F-HR filing with the SEC under CIK 1727492.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- 37.4#2,056
Quality
$306.4M8,118,892 sh - —
Quality
$162.8M1,461,924 sh - —
Quality
$160.7M1,652,808 sh - —
Quality
$119.7M2,060,719 sh - 12.9
Quality
$81.0M1,393,027 sh - —
Quality
$75.1M2,772,654 sh - 79.4
Quality
$66.6M1,553,262 sh - 28.0
Quality
$60.9M900,000 sh - 26.9
Quality
$50.4M2,408,798 sh - —
Quality
$48.9M1,276,968 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 Liquidia Corp$LQDA | 37.4#2,056 | $306.4M | 8,118,892 |
 Abivax S.A.$ABVX | — | $162.8M | 1,461,924 |
 Revolution Medicines, Inc.$RVMD | — | $160.7M | 1,652,808 |
 Vaxcyte, Inc.$PCVX | — | $119.7M | 2,060,719 |
 Xenon Pharmaceuticals Inc.$XENE | 12.9 | $81.0M | 1,393,027 |
 Mineralys Therapeutics, Inc.$MLYS | — | $75.1M | 2,772,654 |
 EXELIXIS, INC.$EXEL | 79.4 | $66.6M | 1,553,262 |
 CG Oncology, Inc.$CGONCALL | 28.0 | $60.9M | 900,000 |
 Tango Therapeutics, Inc.$TNGX | 26.9 | $50.4M | 2,408,798 |
 Tyra Biosciences, Inc.$TYRA | — | $48.9M | 1,276,968 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Caligan Partners LP's 28 positions.
Showing top 10 of 28 holdings.
Sector Allocation
Healthcare
$1.4B
Other
$4.0M
Full Holdings — Caligan Partners LP (Q1 2026)
All 28 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $LQDA | Liquidia Corp | $306.4M | 21.7% | +0% | 37.4 |
| 2 | $ABVX | Abivax S.A. | $162.8M | 11.5% | +1% | — |
| 3 | $RVMD | Revolution Medicines, Inc. | $160.7M | 11.4% | +29% | — |
| 4 | $PCVX | Vaxcyte, Inc. | $119.7M | 8.5% | +21% | — |
| 5 | $XENE | Xenon Pharmaceuticals Inc. | $81.0M | 5.7% | +153% | 12.9 |
| 6 | $MLYS | Mineralys Therapeutics, Inc. | $75.1M | 5.3% | +0% | — |
| 7 | $EXEL | EXELIXIS, INC. | $66.6M | 4.7% | +0% | 79.4 |
| 8 | $CGONCALL | CG Oncology, Inc. | $60.9M | — | NEW | 28 |
| 9 | $TNGX | Tango Therapeutics, Inc. | $50.4M | 3.6% | -35% | 26.9 |
| 10 | $TYRA | Tyra Biosciences, Inc. | $48.9M | 3.5% | +35% | — |
| 11 |  $SYRE | Spyre Therapeutics, Inc. | $44.3M | 3.1% | NEW | — |
| 12 |  $ADMA | ADMA BIOLOGICS, INC. | $42.9M | 3.0% | +58% | 76 |
| 13 |  $LBRX | LB PHARMACEUTICALS INC | $34.6M | 2.5% | NEW | — |
| 14 |  $VOR | Vor Biopharma Inc. | $34.3M | 2.4% | +108% | — |
| 15 |  $SABS | SAB Biotherapeutics, Inc. | $30.5M | 2.2% | NEW | — |
| 16 |  $IRD | Opus Genetics, Inc. | $27.6M | 2.0% | NEW | — |
| 17 |  $IVA | Inventiva S.A. | $27.6M | 1.9% | +149% | — |
| 18 |  $MBX | MBX Biosciences, Inc. | $25.3M | 1.8% | NEW | — |
| 19 |  $AVTX | Avalo Therapeutics, Inc. | $24.4M | 1.7% | +85% | 4.6 |
| 20 | $RVMDCALL | Revolution Medicines, Inc. | $22.3M | — | NEW | — |
| 21 |  $ANIK | Anika Therapeutics, Inc. | $20.8M | 1.5% | +0% | 25.4 |
| 22 |  $MAZE | Maze Therapeutics, Inc. | $18.4M | 1.3% | +12% | 19.7 |
| 23 |  $VRCA | Verrica Pharmaceuticals Inc. | $4.9M | 0.3% | +0% | 26.1 |
| 24 | — | SENSEI BIOTHERAPEUTICS INC | $4.0M | 0.3% | NEW | — |
| 25 |  $AGIOCALL | AGIOS PHARMACEUTICALS, INC. | $3.0M | — | +0% | 26.3 |
| 26 | $ADMACALL | ADMA BIOLOGICS, INC. | $2.7M | — | NEW | 76 |
| 27 |  $AURA | Aura Biosciences, Inc. | $1.5M | 0.1% | NEW | — |
| 28 |  $XLO | Xilio Therapeutics, Inc. | $942,996 | 0.1% | NEW | 26.9 |
New Positions (11)
$CGONCALL CG Oncology, Inc.$60.9M$SYRE Spyre Therapeutics, Inc.$44.3M$LBRX LB PHARMACEUTICALS INC$34.6M$SABS SAB Biotherapeutics, Inc.$30.5M$IRD Opus Genetics, Inc.$27.6M$MBX MBX Biosciences, Inc.$25.3M$RVMDCALL Revolution Medicines, Inc.$22.3M$ADMACALL ADMA BIOLOGICS, INC.$2.7M$AURA Aura Biosciences, Inc.$1.5M$XLO Xilio Therapeutics, Inc.$942,996
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