STEMPOINT CAPITAL LP

NEW YORK, NY · CIK 1952142 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2022 · limited partnership

Assets managed$761.3m
Staff7 · 4 in investment roles
Main clients (by assets)Private funds 85%, Companies 15%
Private funds2 (2 hedge) · $584.4m gross assets
Websitestempointcapital.com
Form ADV · 2026-03-30SEC adviser record

Legal entitySTEMPOINT CAPITAL LP (US)

$577.9m reported value -44.0% vs Q1 2026

73positions

41.2%in top 10

25 new 7 added 41 reduced 22 sold out vs Q1 2026

Options: 5 call positions ($1.9m notional), 6 put positions ($747.5k notional) – listed below, not included above.

Holdings, Q2 2026

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

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	TANGO THERAPEUTICS INC COM TNGX	TNGX	1,223,019	$38.2m6.62%	6.62%	Added +821.2k	+821,181 204.4%
2	ABIVAX SA SPONSORED ADS ABVX	ABVX	283,657	$37.8m6.54%	6.54%	Reduced -343.9k	-343,925 -54.8%
3	REVOLUTION MEDICINES INC COM RVMD	RVMD	159,943	$30.0m5.18%	5.18%	Reduced -403.3k	-403,321 -71.6%
4	ERASCA INC COM ERAS	ERAS	1,565,913	$28.7m4.96%	4.96%	Added +1.1m	+1,086,191 226.4%
5	TYRA BIOSCIENCES INC COM TYRA	TYRA	632,754	$20.2m3.50%	3.50%	Added +246.4k	+246,400 63.8%
6	DIANTHUS THERAPEUTICS INC COM DNTH	DNTH	200,851	$19.6m3.39%	3.39%	Added +29.8k	+29,847 17.4%
7	ENLIVEN THERAPEUTICS INC COM ELVN	ELVN	346,914	$17.6m3.05%	3.05%	Reduced -380.0k	-379,962 -52.3%
8	MINERALYS THERAPEUTICS INC COM MLYS	MLYS	602,686	$16.3m2.81%	2.81%	Reduced -464.1k	-464,070 -43.5%
9	BIOHAVEN LTD COM BHVN	BHVN	1,064,200	$15.8m2.74%	2.74%	Reduced -2.1m	-2,124,782 -66.6%
10	SURROZEN INC COM NEW SRZN	SRZN	602,798	$13.8m2.39%	2.39%	Reduced -118.8k	-118,822 -16.5%
11	KINIKSA PHARMACEUTICALS INTL ORD SHS CL A KNSA	KNSA	209,234	$13.4m2.32%	2.32%	New
12	SCHOLAR ROCK HLDG CORP COM SRRK	SRRK	239,146	$13.2m2.28%	2.28%	Reduced -1.8m	-1,831,846 -88.5%
13	ALKERMES PLC SHS ALKS	ALKS	248,015	$13.0m2.25%	2.25%	Added +87.0k	+87,031 54.1%
14	FIRST TRACKS BIOTHERAPEUTICS ORD SHS TRAX	TRAX	622,723	$12.5m2.17%	2.17%	New
15	PRAXIS PRECISION MEDICINES I COM NEW PRAX	PRAX	37,243	$12.5m2.16%	2.16%	Reduced -75.3k	-75,291 -66.9%
16	ROIVANT SCIENCES LTD SHS ROIV	ROIV	348,408	$12.3m2.13%	2.13%	Reduced -423.2k	-423,192 -54.9%
17	BIOAGE LABS INC COM BIOA	BIOA	464,171	$11.4m1.97%	1.97%	Reduced -213.1k	-213,137 -31.5%
18	CG ONCOLOGY INC COM CGON	CGON	159,349	$11.3m1.96%	1.96%	Reduced -251.9k	-251,895 -61.2%
19	ORUKA THERAPEUTICS INC COM ORKA	ORKA	116,461	$11.1m1.92%	1.92%	New
20	IMMUNOVANT INC COM IMVT	IMVT	276,527	$10.7m1.84%	1.84%	Reduced -1.2m	-1,216,461 -81.5%
21	CELCUITY INC COM CELC	CELC	98,203	$10.3m1.78%	1.78%	Reduced -21.9k	-21,921 -18.2%
22	RELMADA THERAPEUTICS INC COM RLMD	RLMD	1,460,093	$10.1m1.75%	1.75%	Added +265.3k	+265,275 22.2%
23	CLIMB BIO INC COM CLYM	CLYM	742,745	$9.7m1.68%	1.68%	New
24	SPYRE THERAPEUTICS INC COM NEW SYRE	SYRE	106,926	$9.5m1.64%	1.64%	Reduced -228.3k	-228,286 -68.1%
25	ZURA BIO LTD CLASS A ORD SHS ZURA	ZURA	1,368,215	$8.1m1.40%	1.40%	Reduced -138.8k	-138,825 -9.2%
26	INFLARX NV COM IFRX	IFRX	3,228,255	$7.2m1.25%	1.25%	New
27	AMYLYX PHARMACEUTICALS INC COM AMLX	AMLX	384,304	$6.9m1.19%	1.19%	Reduced -955.1k	-955,066 -71.3%
28	CELLDEX THERAPEUTICS INC NEW COM NEW CLDX	CLDX	178,412	$6.6m1.15%	1.15%	Reduced -330.1k	-330,122 -64.9%
29	OVID THERAPEUTICS INC COM OVID	OVID	2,417,283	$6.5m1.13%	1.13%	New
30	EQUILLIUM INC COM EQ	EQ	2,016,607	$6.5m1.12%	1.12%	New
31	DEFINIUM THERAPEUTICS INC COM SHS DFTX	DFTX	137,124	$6.5m1.12%	1.12%	Reduced -513.8k	-513,842 -78.9%
32	CYTOKINETICS INC COM NEW CYTK	CYTK	75,603	$6.4m1.11%	1.11%	Reduced -183.6k	-183,551 -70.8%
33	DAMORA THERAPEUTICS INC COM NEW COM NEW		216,194	$5.6m0.97%	0.97%	New
34	INVENTIVA SA ADS IVA	IVA	1,426,320	$5.4m0.93%	0.93%	New
35	CENTURY THERAPEUTICS INC COM IPSC	IPSC	2,146,182	$5.3m0.91%	0.91%	New
36	AURA BIOSCIENCES INC COM AURA	AURA	714,280	$5.1m0.88%	0.88%	New
37	EYEPOINT PHARMACEUTICALS INC COM NEW EYPT	EYPT	338,471	$4.8m0.84%	0.84%	Reduced -1.3m	-1,283,057 -79.1%
38	ASSEMBLY BIOSCIENCES INC COM NEW ASMB	ASMB	170,378	$4.7m0.81%	0.81%	Reduced -200.5k	-200,492 -54.1%
39	AADI BIOSCIENCE INC COM WHWK	WHWK	1,021,037	$4.7m0.81%	0.81%	Reduced -857.7k	-857,701 -45.6%
40	XENON PHARMACEUTICALS INC COM XENE	XENE	76,075	$4.6m0.79%	0.79%	Reduced -205.4k	-205,435 -73.0%
41	UNIQURE NV SHS QURE	QURE	88,115	$4.1m0.70%	0.70%	Reduced -68.0k	-68,017 -43.6%
42	COMPASS PATHWAYS PLC SPONSORED ADS CMPS	CMPS	284,769	$4.0m0.70%	0.70%	New
43	AVALYN PHARMACEUTICALS INC COM SHS AVLN	AVLN	118,000	$3.9m0.67%	0.67%	New
44	MAPLIGHT THERAPEUTICS INC COM MPLT	MPLT	106,906	$3.8m0.66%	0.66%	Reduced -93.1k	-93,094 -46.5%
45	ALUMIS INC COM ALMS	ALMS	135,736	$3.8m0.66%	0.66%	Reduced -323.4k	-323,396 -70.4%
46	AXSOME THERAPEUTICS INC COM AXSM	AXSM	15,375	$3.8m0.65%	0.65%	New
47	MONTE ROSA THERAPEUTICS INC COM GLUE	GLUE	153,544	$3.7m0.64%	0.64%	New
48	ACADIA PHARMACEUTICALS INC COM ACAD	ACAD	143,167	$3.6m0.63%	0.63%	Reduced -342.0k	-341,965 -70.5%
49	SOLID BIOSCIENCES INC COM NEW SLDB	SLDB	358,780	$3.6m0.62%	0.62%	Reduced -32.0k	-32,026 -8.2%
50	PERSONALIS INC COM PSNL	PSNL	247,783	$3.3m0.57%	0.57%	New
51	CRESCENT BIOPHARMA INC. COM CBIO	CBIO	182,382	$3.3m0.57%	0.57%	New
52	ARROWHEAD PHARMACEUTICALS IN COM ARWR	ARWR	39,198	$3.2m0.55%	0.55%	New
53	KODIAK SCIENCES INC COM KOD	KOD	75,872	$3.0m0.51%	0.51%	New
54	PHARVARIS N V COM PHVS	PHVS	80,907	$2.8m0.48%	0.48%	Reduced -92.4k	-92,367 -53.3%
55	MONOPAR THERAPEUTICS INC COM NEW MNPR	MNPR	30,125	$2.8m0.48%	0.48%	New
56	RAPPORT THERAPEUTICS INC COM RAPP	RAPP	66,582	$2.8m0.48%	0.48%	New
57	NEWAMSTERDAM PHARMA COMPANY ORDINARY SHARES NAMS	NAMS	77,589	$2.6m0.46%	0.46%	Reduced -283.7k	-283,727 -78.5%
58	SIONNA THERAPEUTICS INC COM SION	SION	59,426	$2.6m0.45%	0.45%	Reduced -13.7k	-13,654 -18.7%
59	ARCUTIS BIOTHERAPEUTICS INC COM ARQT	ARQT	98,945	$2.6m0.45%	0.45%	Reduced -728.6k	-728,639 -88.0%
60	C4 THERAPEUTICS INC COM STK CCCC	CCCC	523,648	$2.4m0.42%	0.42%	Reduced -382.8k	-382,824 -42.2%
61	SPRUCE BIOSCIENCES INC COM NEW SPRB	SPRB	41,388	$2.2m0.39%	0.39%	Added +28.7k	+28,668 225.4%
62	CUE BIOPHARMA INC COM CUE	CUE	66,995	$2.1m0.37%	0.37%	New
63	STRUCTURE THERAPEUTICS INC SPONSORED ADS GPCR	GPCR	38,178	$2.0m0.35%	0.35%	Reduced -362.4k	-362,356 -90.5%
64	PROTAGONIST THERAPEUTICS INC COM PTGX	PTGX	16,303	$2.0m0.35%	0.35%	Reduced -128.9k	-128,851 -88.8%
65	HELIX ACQUISITION CORP III USD CL A ORD SHS HLXC	HLXC	171,671	$1.8m0.32%	0.32%	Reduced -438.4k	-438,385 -71.9%
66	BIODESIX INC COM BDSX	BDSX	70,000	$1.6m0.27%	0.27%	Reduced -70.0k	-70,008 -50.0%
67	TENAX THERAPEUTICS INC COM NEW TENX	TENX	96,273	$1.4m0.24%	0.24%	Reduced -281.1k	-281,127 -74.5%
68	SAB BIOTHERAPEUTICS INC COM NEW SABS	SABS	342,631	$1.3m0.23%	0.23%	Reduced -407.4k	-407,369 -54.3%
69	CALCIMEDICA INC COM NEW COM NEW		1,244,864	$1.2m0.21%	0.21%	New
70	LB PHARMACEUTICALS INC COM SHS LBRX	LBRX	31,785	$1.0m0.18%	0.18%	Reduced -68.2k	-68,215 -68.2%
71	CELLECTAR BIOSCIENCES INC COM NEW CLRB	CLRB	354,938	$986.7k0.17%	0.17%	New
72	PROQR THRAPEUTICS N V SHS EURO PRQR	PRQR	431,054	$801.8k0.14%	0.14%	New
73	VISTAGEN THERAPEUTICS INC COM VTGN	VTGN	616,749	$17.3k0.00%	0.00%	Reduced -616.7k	-616,749 -50.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SYNDAX PHARMACEUTICALS INC SNDX	SNDX	2,431,486	$56.8m2.4m shares
MBX BIOSCIENCES INC MBX	MBX	998,938	$29.8m998.9k shares
DYNE THERAPEUTICS INC DYN	DYN	1,012,150	$18.4m1.0m shares
EDGEWISE THERAPEUTICS INC EWTX	EWTX	581,728	$18.3m581.7k shares
DENALI THERAPEUTICS INC DNLI	DNLI	853,122	$16.4m853.1k shares
NURIX THERAPEUTICS INC NRIX	NRIX	630,452	$9.8m630.5k shares
EVOMMUNE INC EVMN	EVMN	387,554	$8.8m387.6k shares
FAETH THERAPEUTICS INC FTH	FTH	265,746	$8.4m265.7k shares
JOHNSON & JOHNSON JNJ	JNJ	30,830	$7.5m30.8k shares
X4 PHARMACEUTICALS INC XFOR	XFOR	1,701,484	$7.0m1.7m shares
VAXCYTE INC PCVX	PCVX	118,122	$6.9m118.1k shares
INVIVYD INC IVVD	IVVD	3,749,092	$4.9m3.7m shares
JADE BIOSCIENCES INC JBIO	JBIO	308,068	$4.3m308.1k shares
TWIST BIOSCIENCE CORP TWST	TWST	86,220	$4.1m86.2k shares
AVALO THERAPEUTICS INC AVTX	AVTX	269,484	$4.0m269.5k shares
IONIS PHARMACEUTICALS INC IONS	IONS	52,770	$4.0m52.8k shares
IMMUNOCORE HLDGS PLC IMCR	IMCR	127,086	$3.8m127.1k shares
FORTE BIOSCIENCES INC FBRX	FBRX	116,040	$3.0m116.0k shares
LIPOCINE INC NEW LPCN	LPCN	320,840	$2.6m320.8k shares
EDWARDS LIFESCIENCES CORP EW	EW	29,176	$2.3m29.2k shares
CAPRICOR THERAPEUTICS INC CAPR	CAPR	75,184	$2.3m75.2k shares
SUTRO BIOPHARMA INC STRO	STRO	46,590	$1.2m46.6k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
PERSONALIS INC PSNL · Call	PSNL	Call	470,000	$810.8k470.0k shares	New
BIOHAVEN LTD BHVN · Call	BHVN	Call	500,000	$525.0k500.0k shares	New
SPDR SER TR XBI · Put	XBI	Put	250,000	$400.0k250.0k shares	New
ASTRAZENECA PLC AZN · Call	AZN	Call	25,000	$180.0k25.0k shares	New
SPDR SER TR XBI · Call	XBI	Call	400,000	$178.0k400.0k shares	Added
TANGO THERAPEUTICS INC TNGX · Call	TNGX	Call	100,000	$175.0k100.0k shares	New
REVOLUTION MEDICINES INC RVMD · Put	RVMD	Put	30,000	$127.5k30.0k shares	Reduced
ERASCA INC ERAS · Put	ERAS	Put	200,000	$90.0k200.0k shares	New
ARK ETF TR ARKG · Put	ARKG	Put	100,000	$75.0k100.0k shares	New
ROIVANT SCIENCES LTD ROIV · Put	ROIV	Put	100,000	$40.0k100.0k shares	New
AMGEN INC AMGN · Put	AMGN	Put	15,000	$15.0k15.0k shares	New

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.

Company	Ticker	Stake	Change	Schedule	Last filed
CELLECTAR BIOSCIENCES INC CLRB · 13G · filed 2026-08-14	CLRB	9.9%≈ $2.4m	new	13G	2026-08-14
XILIO THERAPEUTICS INC XLO · 13G · filed 2026-08-14	XLO	9.5%≈ $5.8m		13G	2026-08-14
XILIO THERAPEUTICS INC 13G · filed 2026-02-17		8.4%	+1.2 pts	13G	2026-02-17
SURROZEN INC SRZN · 13G · filed 2026-08-14	SRZN	5.0%≈ $15.6m	+0.5 pts	13G	2026-08-14