Vault-13

Knoll Capital Management, LLC

MIAMI, FL · CIK 1325083 · 13F filing filed 2026-02-17

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$218.0m reported value +16.8% vs Q3 2025
33positions
67.7%in top 10
1 new 4 added 1 reduced 6 sold out vs Q3 2025

Holdings, Q4 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#SecurityTickerShares Value% of portfolioChangeShares change
1 ALDEYRA THERAPEUTICS INC COM ALDX ALDX 5,475,516 $28.4m13.01% 13.01% UnchangedShares held: Q1 2025 5.5m, Q2 2025 5.5m, Q3 2025 5.5m, Q4 2025 5.5m
2 BIOHAVEN PHARMACTL HLDG CO L COM BHVN BHVN 2,328,602 $26.3m12.06% 12.06% AddedShares held: Q1 2025 830.9k, Q2 2025 895.3k, Q3 2025 895.3k, Q4 2025 2.3m +1.4m +1,433,333 160.1%
3 NUVATION BIO INC COM CL A NUVB NUVB 1,498,591 $13.4m6.16% 6.16% AddedShares held: Q1 2025 1.0m, Q2 2025 1.0m, Q3 2025 1.0m, Q4 2025 1.5m +473.6k +473,591 46.2%
4 AVADEL PHARMACEUTICALS PLC SPONSORED ADR SPONSORED ADR 600,000 $12.9m5.93% 5.93% UnchangedShares held: Q1 2025 600.0k, Q2 2025 600.0k, Q3 2025 600.0k, Q4 2025 600.0k
5 SPDR GOLD TR GOLD SHS GLD GLD 32,000 $12.7m5.82% 5.82% UnchangedShares held: Q1 2025 32.0k, Q2 2025 32.0k, Q3 2025 32.0k, Q4 2025 32.0k
6 ROYAL GOLD INC COM RGLD RGLD 52,750 $11.7m5.38% 5.38% AddedShares held: Q1 2025 7.5k, Q2 2025 9.0k, Q3 2025 9.0k, Q4 2025 52.8k +43.8k +43,750 486.1%
7 KINROSS GOLD CORP COM KGC KGC 410,000 $11.5m5.30% 5.30% UnchangedShares held: Q1 2025 440.0k, Q2 2025 440.0k, Q3 2025 410.0k, Q4 2025 410.0k
8 ENTERA BIO LTD SHS ENTX ENTX 5,881,879 $11.4m5.23% 5.23% UnchangedShares held: Q1 2025 5.9m, Q2 2025 5.9m, Q3 2025 5.9m, Q4 2025 5.9m
9 MEIRAGTX HLDGS PLC COM MGTX MGTX 1,250,000 $9.9m4.56% 4.56% UnchangedShares held: Q1 2025 1.2m, Q2 2025 1.2m, Q3 2025 1.2m, Q4 2025 1.2m
10 SEABRIDGE GOLD INC COM COM 317,003 $9.4m4.30% 4.30% UnchangedShares held: Q1 2025 317.0k, Q2 2025 317.0k, Q3 2025 317.0k, Q4 2025 317.0k
11 AGNICO EAGLE MINES LTD COM AEM AEM 52,750 $8.9m4.10% 4.10% UnchangedShares held: Q1 2025 55.5k, Q2 2025 55.5k, Q3 2025 52.8k, Q4 2025 52.8k
12 OCULAR THERAPEUTIX INC COM OCUL OCUL 600,400 $7.3m3.34% 3.34% UnchangedShares held: Q1 2025 600.4k, Q2 2025 600.4k, Q3 2025 600.4k, Q4 2025 600.4k
13 CENTERRA GOLD INC COM CGAU CGAU 497,402 $7.1m3.28% 3.28% UnchangedShares held: Q1 2025 0, Q2 2025 1.2m, Q3 2025 497.4k, Q4 2025 497.4k
14 SSR MINING IN COM SSRM SSRM 245,000 $5.4m2.46% 2.46% NewShares held: Q1 2025 0, Q2 2025 0, Q3 2025 0, Q4 2025 245.0k
15 PAN AMERN SILVER CORP COM PAAS PAAS 100,035 $5.2m2.38% 2.38% UnchangedShares held: Q1 2025 0, Q2 2025 0, Q3 2025 100.0k, Q4 2025 100.0k
16 FRANCO NEV CORP COM FNV FNV 25,000 $5.2m2.38% 2.38% UnchangedShares held: Q1 2025 25.0k, Q2 2025 25.0k, Q3 2025 25.0k, Q4 2025 25.0k
17 ISHARES SILVER TR ISHARES SLV SLV 80,000 $5.2m2.36% 2.36% UnchangedShares held: Q1 2025 80.0k, Q2 2025 80.0k, Q3 2025 80.0k, Q4 2025 80.0k
18 ELICIO THERAPEUTICS INC COM ELTX ELTX 630,915 $5.0m2.30% 2.30% UnchangedShares held: Q1 2025 630.9k, Q2 2025 630.9k, Q3 2025 630.9k, Q4 2025 630.9k
19 ALTIMMUNE INC COM NEW ALT ALT 1,121,524 $4.0m1.86% 1.86% UnchangedShares held: Q1 2025 1.1m, Q2 2025 1.1m, Q3 2025 1.1m, Q4 2025 1.1m
20 TRIPLE FLAG PRECIOUS METAL COM TFPM TFPM 58,800 $2.0m0.90% 0.90% UnchangedShares held: Q1 2025 0, Q2 2025 0, Q3 2025 58.8k, Q4 2025 58.8k
21 ALAMOS GOLD INC NEW COM CL A AGI AGI 50,000 $1.9m0.88% 0.88% UnchangedShares held: Q1 2025 41.0k, Q2 2025 50.0k, Q3 2025 50.0k, Q4 2025 50.0k
22 COEUR MNG INC COM NEW CDE CDE 96,132 $1.7m0.79% 0.79% UnchangedShares held: Q1 2025 96.1k, Q2 2025 96.1k, Q3 2025 96.1k, Q4 2025 96.1k
23 NEW PAC METALS CORP COM NEWP NEWP 485,000 $1.7m0.78% 0.78% UnchangedShares held: Q1 2025 485.0k, Q2 2025 485.0k, Q3 2025 485.0k, Q4 2025 485.0k
24 ISHARES TR US AER DEF ETF ITA ITA 7,650 $1.6m0.75% 0.75% UnchangedShares held: Q1 2025 7.7k, Q2 2025 7.7k, Q3 2025 7.7k, Q4 2025 7.7k
25 PHILIP MORRIS INTL INC COM PM PM 10,000 $1.6m0.74% 0.74% UnchangedShares held: Q1 2025 10.0k, Q2 2025 10.0k, Q3 2025 10.0k, Q4 2025 10.0k
26 WHEATON PRECIOUS METALS CORP COM WPM WPM 12,500 $1.5m0.67% 0.67% UnchangedShares held: Q1 2025 12.5k, Q2 2025 12.5k, Q3 2025 12.5k, Q4 2025 12.5k
27 ABEONA THERAPEUTICS INC COM NEW ABEO ABEO 235,953 $1.2m0.57% 0.57% AddedShares held: Q1 2025 0, Q2 2025 62.7k, Q3 2025 62.7k, Q4 2025 236.0k +173.3k +173,264 276.4%
28 NORTHROP GRUMMAN CORP COM NOC NOC 2,165 $1.2m0.57% 0.57% UnchangedShares held: Q1 2025 2.2k, Q2 2025 2.2k, Q3 2025 2.2k, Q4 2025 2.2k
29 BOOZ ALLEN HAMILTON HLDG COR CL A BAH BAH 13,000 $1.1m0.50% 0.50% UnchangedShares held: Q1 2025 13.0k, Q2 2025 13.0k, Q3 2025 13.0k, Q4 2025 13.0k
30 DAKOTA GOLD CORP COM DC DC 122,921 $698.2k0.32% 0.32% UnchangedShares held: Q1 2025 0, Q2 2025 0, Q3 2025 122.9k, Q4 2025 122.9k
31 APPLIED THERAPEUTICS INC COM APLT APLT 6,050,000 $605.0k0.28% 0.28% ReducedShares held: Q1 2025 7.8m, Q2 2025 7.8m, Q3 2025 7.8m, Q4 2025 6.0m -1.7m -1,749,687 -22.4%
32 CARDIOL THERAPEUTICS INC COM CL A CRDL CRDL 100,000 $95.3k0.04% 0.04% UnchangedShares held: Q1 2025 100.0k, Q2 2025 100.0k, Q3 2025 100.0k, Q4 2025 100.0k
33 Orgenesis, Inc. COM COM 50,623 $7.6k0.00% 0.00% UnchangedShares held: Q1 2025 50.6k, Q2 2025 50.6k, Q3 2025 50.6k, Q4 2025 50.6k

Sold out since Q3 2025

SecurityTickerShares held beforeValue then
SANDSTORM GOLD LTD SSL SSL 700,000 $8.8m700.0k shares
VISA INC V V 4,850 $1.7m4.8k shares
DIAGEO PLC DEO DEO 6,750 $644.2k6.8k shares
MEREO BIOPHARMA GROUP PLC MREO MREO 260,470 $536.6k260.5k shares
HOOKIPA PHARMA INC 498,625 $461.2k498.6k shares
ORCHESTRA BIOMED HLDGS INC OBIO OBIO 455,128 $421.2k455.1k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

CompanyTickerStakeChange ScheduleLast filed
ELICIO THERAPEUTICS INC ELTX · 13G · filed 2026-07-08 ELTX 5.3%≈ $4.7m +0.1 pts 13G 2026-07-08