Vault-13

PERCEPTIVE CAP SOLUTIONS COR FRNM

CL A ORD SHS · Common Stock · CUSIP G70077105

37 institutional holders +1 vs Q3 2025
10,815,65010.8m shares reported held*
121.4% of all shares outstanding*
$140.9mreported value*
18 new 3 added 11 reduced 18 sold out net bought ≈ $31.7m (+2.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 8.9m as of 2026-03-10, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $13.03.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

02040Q2 24: 33Q3 24: 33Q4 24: 35Q1 25: 35Q2 25: 37Q3 25: 36Q4 25: 3737Q2 24Q4 24Q2 25Q4 25
Numbers
QuarterHolders
Q2 202433
Q3 202433
Q4 202435
Q1 202535
Q2 202537
Q3 202536
Q4 202537

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 24: 7 bought or addedQ3 24: 7 cut or sold outQ3 24Q4 24: 9 bought or addedQ4 24: 9 cut or sold outQ4 24Q1 25: 7 bought or addedQ1 25: 7 cut or sold outQ1 25Q2 25: 8 bought or addedQ2 25: 6 cut or sold outQ2 25Q3 25: 6 bought or addedQ3 25: 6 cut or sold outQ3 25Q4 25: 21 bought or addedQ4 25: 29 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q3 202477
Q4 202499
Q1 202577
Q2 202586
Q3 202566
Q4 20252129

Biggest buyers

FARALLON CAPITAL MANAGEMENT, L.L.C. New +2,250,000+2.2m
BIT Capital GmbH New +740,264+740.3k
Holocene Advisors, LP New +625,173+625.2k
One Fin Capital Management LP New +436,745+436.7k
CRCM LP New +419,084+419.1k
Aberdeen Group plc New +346,300+346.3k
Empyrean Capital Partners, LP New +282,100+282.1k
Ikarian Capital, LLC New +240,951+241.0k
J. Goldman & Co LP New +220,067+220.1k
Alpha Wave Global, LP New +175,161+175.2k

Biggest sellers

Venrock Adviser, LLC Sold out -750,000-750.0k
Commodore Capital LP Sold out -750,000-750.0k
Decagon Asset Management LLP Sold out -379,121-379.1k
HARBERT FUND ADVISORS, LLC Sold out -300,000-300.0k
Affinity Asset Advisors, LLC Reduced -300,000-300.0k
ADAR1 Capital Management, LLC Reduced -293,280-293.3k
Point72 Asset Management, L.P. Sold out -200,000-200.0k
Schonfeld Strategic Advisors LLC Reduced -169,908-169.9k
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Sold out -157,211-157.2k
STEMPOINT CAPITAL LP Sold out -150,000-150.0k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
ROCHE HOLDINGS INC 13G · exempt (held before listing) new · filed 2026-09-01 17.4% new 18.7m 2026-09-01
PERCEPTIVE ADVISORS LLC 13G · passive investor new · filed 2026-07-23 10.1% new 10.9m 2026-07-23
One Fin Capital Management LP 13G · institution +2.7 pts · filed 2026-05-15 9.5% +2.7 pts 843.5k≈ $9.2m 2026-05-15
RA CAPITAL MANAGEMENT, L.P. 13D · may seek influence new · filed 2025-12-12
Stated purposeThe Reporting Persons initially acquired the Class A ordinary shares reported herein for investment purposes and not with an intent, purpose or effect of changing control of the Issuer, and such acquisitions were made in the Reporting Persons' ordinary course of business. The Reporting Persons filed an initial Schedule 13G on June 24, 2024 (the "Schedule 13G"). On December 5, 2025, Perceptive Capital Solutions Corp, a Cayman Islands exempted company ("PCSC"), StarNet Merger Sub I, Corp., a Delaware corporation and a wholly-owned subsidiary of PCSC ("Merger Sub I"), StarNet Merger Sub II, LLC, a Delaware limited liability company and a wholly-owned subsidiary of PCSC ("Merger Sub II"), and Freenome Holdings, Inc., a Delaware corporation ("Freenome"), entered into a Business Combination Agr… Full filing
 8.4% new 750.0k≈ $8.2m 2025-12-12
Holocene Advisors, LP 13G · institution new · filed 2026-02-17 7.0% new 625.2k≈ $6.8m 2026-02-17
Aberdeen Group plc 13G · institution new · filed 2026-04-28 6.5% new 578.6k≈ $6.3m 2026-04-28
Point72 Asset Management, L.P. 13G · passive investor new · filed 2026-07-08 5.7% new 465.0k≈ $5.1m 2026-07-08
AH Bio Fund I, L.P. 13G · passive investor new · filed 2026-07-27 5.2% new 5.6m 2026-07-27

Fell to 5% or below in the last year: HIGHBRIDGE CAPITAL MANAGEMENT LLC (0.0%, 2026-08-14), IPConcept (Luxemburg) S.A. (0.0%, 2026-08-12), 683 Capital Management, LLC (0.0%, 2026-08-12), BIT Capital GmbH (1.2%, 2026-08-05), DING CHUN R (1.3%, 2026-05-13), Venrock Healthcare Capital Partners III, L.P. (0.0%, 2026-02-17), Commodore Capital LP (0.0%, 2026-02-17), ADAR1 Capital Management, LLC (5.1%, 2026-02-17)

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.15% of their portfolio SAN FRANCISCO, CA 2,250,0002.2m $29.3m $29.3m 0.15% New
2 RA CAPITAL MANAGEMENT, L.P. 0.10% of their portfolio BOSTON, MA 750,000750.0k $9.8m $9.8m 0.10% Unchanged
3 RTW INVESTMENTS, LP 0.10% of their portfolio NEW YORK, NY 742,500742.5k $9.7m $9.7m 0.10% Unchanged
4 BIT Capital GmbH 0.42% of their portfolio BERLIN, 2M 740,264740.3k $9.6m $9.6m 0.42% New
5 683 Capital Management, LLC 0.69% of their portfolio NEW YORK, NY 640,894640.9k $8.4m $8.4m 0.69% Added +140.9k +140,894
6 Holocene Advisors, LP 0.02% of their portfolio New York, NY 625,173625.2k $8.1m $8.1m 0.02% New
7 ADAR1 Capital Management, LLC 0.45% of their portfolio AUSTIN, TX 456,720456.7k $6.0m $6.0m 0.45% Reduced -293.3k -293,280
8 One Fin Capital Management LP 1.99% of their portfolio San Francisco, CA 436,745436.7k $5.7m $5.7m 1.99% New
9 Sculptor Capital LP 0.07% of their portfolio New York, NY 425,000425.0k $5.5m $5.5m 0.07% Added +9.9k +9,910
10 CRCM LP 1.84% of their portfolio SAN FRANCISCO, CA 419,084419.1k $5.5m $5.5m 1.84% New
11 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.22% of their portfolio WEST PALM BEACH, FL 365,230365.2k $4.8m $4.8m 0.22% Reduced -16.3k -16,310
12 Aberdeen Group plc 0.01% of their portfolio EDINBURGH, X0 346,300346.3k $4.5m $4.5m 0.01% New
13 Empyrean Capital Partners, LP 0.13% of their portfolio LOS ANGELES, CA 282,100282.1k $3.7m $3.7m 0.13% New
14 Ikarian Capital, LLC 0.41% of their portfolio DALLAS, TX 240,951241.0k $3.1m $3.1m 0.41% New
15 J. Goldman & Co LP 0.11% of their portfolio NEW YORK, NY 220,067220.1k $2.9m $2.9m 0.11% New
16 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 206,530206.5k $2.7m $2.7m 0.00% Reduced -43.5k -43,470
17 Alpha Wave Global, LP 0.28% of their portfolio Miami, FL 175,161175.2k $2.3m $2.3m 0.28% New
18 LMR Partners LLP 0.02% of their portfolio LONDON, X0 171,408171.4k $2.2m $2.2m 0.02% New
19 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 169,227169.2k $2.2m $2.2m 0.00% Reduced -15.5k -15,488
20 BOOTHBAY FUND MANAGEMENT, LLC 0.05% of their portfolio NEW YORK, NY 161,437161.4k $2.1m $2.1m 0.05% Added +79.5k +79,537
21 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 158,000158.0k $2.1m $2.1m 0.00% New
22 Lighthouse Investment Partners, LLC 0.07% of their portfolio Palm Beach Gardens, FL 150,750150.8k $2.0m $2.0m 0.07% New
23 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 123,838123.8k $1.6m $1.6m 0.00% Unchanged
24 Shaolin Capital Management LLC 0.06% of their portfolio Miami, FL 115,000115.0k $1.5m $1.5m 0.06% Reduced -85.0k -85,000
25 Shay Capital LLC 0.20% of their portfolio NEW YORK, NY 93,93393.9k $1.2m $1.2m 0.20% Reduced -2.4k -2,363
26 GRITSTONE ASSET MANAGEMENT LLC 0.90% of their portfolio Bethesda, MD 72,74772.7k $947.9k $947.9k 0.90% Unchanged
27 TENOR CAPITAL MANAGEMENT Co., L.P. 0.01% of their portfolio NEW YORK, NY 50,00050.0k $651.5k $651.5k 0.01% Reduced -50.0k -50,000
28 Affinity Asset Advisors, LLC 0.05% of their portfolio NEW YORK, NY 50,00050.0k $651.5k $651.5k 0.05% Reduced -300.0k -300,000
29 FNY Investment Advisers, LLC 0.18% of their portfolio NEW YORK, NY 49,96350.0k $651.0k $651.0k 0.18% Reduced -60.4k -60,357
30 Lineage Point Capital LP 0.19% of their portfolio PALM BEACH, FL 38,50038.5k $501.7k $501.7k 0.19% First filing
31 MOORE CAPITAL MANAGEMENT, LP 0.01% of their portfolio NEW YORK, NY 25,00025.0k $325.8k $325.8k 0.01% New
32 Periscope Capital Inc. 0.05% of their portfolio Toronto, A6 20,00020.0k $260.6k $260.6k 0.05% New
33 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 17,00017.0k $221.5k $221.5k 0.00% Reduced -169.9k -169,908
34 READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio CHICAGO, IL 10,98711.0k $143.2k $143.2k 0.01% New
35 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 10,56510.6k $137.7k $137.7k 0.00% New
36 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,2764.3k $55.7k $55.7k 0.00% Reduced -832 -832
37 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 300300 $3.9k $3.9k 0.00% New