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Holders — by stockHoldings — by fund

SPHERA FUNDS MANAGEMENT LTD.

Everything this manager disclosed owning in US-listed stocks — its complete Form 13F portfolio · as of 2026-06-30 · filed with the SEC up to 45 days after quarter end · CIK 0001496201

$766.5M

disclosed book value

101

positions

6.6%

largest position share

Positions, as of 2026-06-30

top 100 of 101 · 13F covers long US-listed positions only — cash, bonds, private and foreign stakes are not disclosed · PUT/CALL tags = options positions (share-equivalents), not shares held

#IssuerSharesValue% of book
1TEVATEVA PHARMACEUTICAL INDS LTD1.5M$50.8M6.6%
2MLYSMINERALYS THERAPEUTICS INC1.5M$39.7M5.2%
3TOWER SEMICONDUCTOR LTD108,265$28.2M3.7%
4XBISPDR SERIES TRUSTPUT150,000$23.7M3.1%
5SNDXSYNDAX PHARMACEUTICALS INC1.0M$22.2M2.9%
6BIIBBIOGEN INCCALL100,000$21.6M2.8%
7BIIBBIOGEN INC96,626$20.9M2.7%
8RAREULTRAGENYX PHARMACEUTICAL IN588,494$19.6M2.6%
9BMRNBIOMARIN PHARMACEUTICAL INC328,550$18.8M2.5%
10CYTKCYTOKINETICS INC219,987$18.7M2.4%
11BBIOBRIDGEBIO PHARMA INC245,346$18.3M2.4%
12COGTCOGENT BIOSCIENCES INC459,340$17.8M2.3%
13NOVA LTD25,169$13.7M1.8%
14INSMINSMED INC118,800$12.7M1.7%
15MAZEMAZE THERAPEUTICS INC417,564$12.5M1.6%
16ASTRAZENECA PLC62,530$11.9M1.5%
17SNYSANOFI SA269,515$11.5M1.5%
18HELPCYBIN INC1.6M$10.7M1.4%
19LLYELI LILLY & CO8,040$9.6M1.3%
20MDGLMADRIGAL PHARMACEUTICALS INC17,419$9.4M1.2%
21TRVITREVI THERAPEUTICS INC499,029$9.3M1.2%
22ACADACADIA PHARMACEUTICALS INC356,534$9.0M1.2%
23CLDXCELLDEX THERAPEUTICS INC NEW240,868$9.0M1.2%
24RYTMRHYTHM PHARMACEUTICALS INC80,400$8.9M1.2%
25CYTKCYTOKINETICS INCCALL100,000$8.5M1.1%
26ORICORIC PHARMACEUTICALS INC752,983$8.2M1.1%
27LRCXLAM RESEARCH CORP18,470$8.0M1%
28AMATAPPLIED MATLS INC11,040$8.0M1%
29TNGXTANGO THERAPEUTICS INC254,250$7.9M1%
30NVSNOVARTIS AG50,000$7.8M1%
31SEDG 2.25 07/01/29SOLAREDGE TECHNOLOGIES INC4.0M$7.7M1%
32VORVOR BIOPHARMA INC416,417$7.7M1%
33ABBVABBVIE INC30,256$7.6M1%
34MRKMERCK & CO INC58,600$7.5M1%
35JNJJOHNSON & JOHNSON28,831$7.3M1%
36IDYAIDEAYA BIOSCIENCES INC196,408$7.3M1%
37IMMATICS N.V720,057$7.3M1%
38NVCTNUVECTIS PHARMA INC382,945$7.0M0.9%
39PFEPFIZER INC286,000$6.9M0.9%
40HRMYHARMONY BIOSCIENCES HLDGS IN176,663$6.4M0.8%
41XENEXENON PHARMACEUTICALS INC105,000$6.3M0.8%
42CLYMCLIMB BIO INC483,747$6.3M0.8%
43ZBIOZENAS BIOPHARMA INC230,834$5.9M0.8%
44NVONOVO-NORDISK A S120,677$5.8M0.8%
45ELVNENLIVEN THERAPEUTICS INC112,765$5.7M0.7%
46PRLDPRELUDE THERAPEUTICS INC1.0M$5.4M0.7%
47GSKGSK PLC102,000$5.3M0.7%
48FBRXFORTE BIOSCIENCES INC249,693$5.3M0.7%
49BIOABIOAGE LABS INC213,671$5.2M0.7%
50SRRKSCHOLAR ROCK HLDG CORP94,265$5.2M0.7%
51MSLESATELLOS BIOSCIENCE INC652,590$5.1M0.7%
52PALIPALISADE BIO INC2.3M$4.7M0.6%
53ELDNELEDON PHARMACEUTICALS INC1.2M$4.7M0.6%
54VSTVISTRA CORP29,450$4.7M0.6%
55TLNTALEN ENERGY CORP12,135$4.7M0.6%
56SVRASAVARA INC756,164$4.7M0.6%
57IRONDISC MEDICINE INC63,538$4.6M0.6%
58CLOUGLOBAL X FDS195,900$4.5M0.6%
59DYNDYNE THERAPEUTICS INC199,594$4.4M0.6%
60RLAYRELAY THERAPEUTICS INC233,836$4.4M0.6%
61AVTXAVALO THERAPEUTICS INC232,294$4.3M0.6%
62PMNPROMIS NEUROSCIENCES INC325,591$4.3M0.6%
63BCRXBIOCRYST PHARMACEUTICALS INC422,051$4.2M0.6%
64RVMDREVOLUTION MEDICINES INC22,400$4.2M0.5%
65PRAXPRAXIS PRECISION MEDICINES ICALL12,500$4.2M0.5%
66CABACABALETTA BIO INC1.3M$4.1M0.5%
67GENBGENERATE BIOMEDICINES INC245,000$4.1M0.5%
68TLTISHARES TRCALL47,000$4.1M0.5%
69MEDIWOUND LTD273,192$4.0M0.5%
70ACOGALPHA COGNITION INC545,816$3.9M0.5%
71WAVE LIFE SCIENCES LTD638,272$3.7M0.5%
72CRVSCORVUS PHARMACEUTICALS INC244,961$3.7M0.5%
73OVIDOVID THERAPEUTICS INC1.4M$3.6M0.5%
74BBOTBRIDGEBIO ONCOLOGY THERAPEUT460,985$3.5M0.5%
75CTMXCYTOMX THERAPEUTICS INC.879,000$3.3M0.4%
76PROQR THRAPEUTICS N V1.8M$3.3M0.4%
77ALNYALNYLAM PHARMACEUTICALS INC10,800$3.3M0.4%
78KURAKURA ONCOLOGY INC295,039$3.2M0.4%
79KODKODIAK SCIENCES INC81,796$3.2M0.4%
80ORAORMAT TECHNOLOGIES INC28,015$3.1M0.4%
81CTNMCONTINEUM THERAPEUTICS INC183,475$3.0M0.4%
82LRMRLARIMAR THERAPEUTICS INC926,004$2.8M0.4%
83IMMXIMMIX BIOPHARMA INC270,000$2.8M0.4%
84AMGNAMGEN INC7,500$2.7M0.4%
85ABVXABIVAX SAPUT20,000$2.7M0.3%
86BIOHAVEN LTD164,437$2.4M0.3%
87CEGCONSTELLATION ENERGY CORP9,850$2.4M0.3%
88VSTMVERASTEM INC632,632$2.4M0.3%
89TENXTENAX THERAPEUTICS INCCALL127,600$1.9M0.2%
90TENXTENAX THERAPEUTICS INC120,200$1.7M0.2%
91TSHATAYSHA GENE THERAPIES INC250,000$1.7M0.2%
92GPCRSTRUCTURE THERAPEUTICS INC28,600$1.5M0.2%
93UPBUPSTREAM BIO INC219,700$1.5M0.2%
94VYGRVOYAGER THERAPEUTICS INC427,554$1.5M0.2%
95ORGOORGANOGENESIS HLDGS INC550,000$1.3M0.2%
96IKTINHIBIKASE THERAPEUTICS INC649,309$1.3M0.2%
97ORICORIC PHARMACEUTICALS INCCALL100,000$1.1M0.1%
98CRISEURCURIS INC98,996$1.0M0.1%
99STTKSHATTUCK LABS INC86,461$600,0390.1%
100TRAXFIRST TRACKS BIOTHERAPEUTICS27,876$560,8650.1%

Source: SEC Form 13F-HR, reporting period 2026-06-30. Values are the manager's filed June-30-style quarter-end marks, not live prices. Research, not investment advice.

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