Tang Capital Management LLC
Annual return '25
-7.9%
SPY '25
+17.7%
Alpha
-25.6ptsvs SPY
Invested
$2B
Holdings
51
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 100%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$AUPH
AURINIA PHARMACEUTICALS INC
Q4 2025: Exited (was 11.33M shares)
9.2%
02
$CELC
CELCUITY INC
Q4 2025: Exited (was 1.15M shares)
6.1%
03
$MIRM
MIRUM PHARMACEUTICALS INC
Q4 2025: Exited (was 1.24M shares)
5.8%
04
$GLPG
GALAPAGOS NV
Q4 2025: Exited (was 4.15M shares)
5.8%
05
$SPY
STATE STR SPDR S&P 500 ETF T
Q1 2026: Increased +17.2% (24.1k → 28.3k shares)
5.5%
06
$KNSA
KINIKSA PHARMACEUTICALS INTL
Q4 2025: Exited (was 2.33M shares)
5.5%
07
$CAPR
CAPRICOR THERAPEUTICS INC
Q2 2025: Exited (was 79.1k shares)
5.2%
08
$PTCT
PTC THERAPEUTICS INC
Q4 2025: Exited (was 1.50M shares)
5.2%
09
$SYRE
SPYRE THERAPEUTICS INC
Q4 2025: Exited (was 3.20M shares)
4.8%
10
$KALV
KALVISTA PHARMACEUTICALS INC
Q4 2025: Exited (was 5.04M shares)
4.7%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 08:09 UTC.