JH
Jones Hill Capital LP — 13F Portfolio Changes & Top Buys (Q2 2026)
Jones Hill Capital LPCIK: 0002102314
High-turnover traderSector-focusedMomentum follower
Total reported value
$470.4M
Reporting period: 2026-06-30 · Number of holdings: 29
Jones Hill Capital LP disclosed 29 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $470.4M and a quarterly turnover rate of 119.3%.
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Personality snowflake
- Concentration
- 27.26
- Portfolio Stability
- 100
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 58
- Sizing Uniformity
- 89.94
Jones Hill Capital LP's disclosed holdings carry a Herfindahl concentration index of 0.068 — mathematically equivalent to about 15 equally-sized positions, well below its 29 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.01), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 37% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim VRTX
-89.8% -$43.0M
New buy GILD
Sold out PCVX
New buy ARQT
New buy MDGL
Sold out 430
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BMRN | Biomarin Pharmaceutical Inc | Stock-Healthcare | 17.42% | +2.06% | +12.87% | |
| 2 | GILD | Gilead Sciences Inc | Stock-Healthcare | 9.21% | +9.21% | NEW | |
| 3 | ARQT | Arcutis Biotherapeutics Inc | Stock-Other | 6.07% | +6.07% | NEW | |
| 4 | MDGL | Madrigal Pharmaceuticals Inc | Stock-Healthcare | 6.00% | +6.00% | NEW | |
| 5 | BCAX | Bicara Therapeutics Inc | Stock-Other | 5.63% | +0.26% | -29.16% | |
| 6 | RLMD | Relmada Therapeutics Inc | Stock-Other | 5.38% | +4.87% | +966.39% | |
| 7 | TRVI | Trevi Therapeutics Inc | Stock-Other | 5.31% | +4.36% | +261.78% | |
| 8 | PHVS | Pharvaris N.V. | Stock-Other | 4.98% | +3.97% | +305.88% | |
| 9 | XENE | Xenon Pharmaceuticals Inc | Stock-Other | 4.72% | +4.72% | NEW | |
| 10 | ANIP | Ani Pharmaceuticals Inc | Stock-Other | 4.11% | -1.14% | -26.61% | |
| 11 | IMCR | Immunocore Holdings Plc-adr | Stock-Other | 3.46% | +3.46% | NEW | |
| 12 | AMLX | Amylyx Pharmaceuticals Inc | Stock-Other | 3.41% | -1.35% | -44.08% | |
| 13 | INSM | Insmed Inc | Stock-Healthcare | 2.77% | +2.77% | NEW | |
| 14 | NUVL | Nuvalent Inc-a | Stock-Other | 2.58% | -4.03% | -67.28% | |
| 15 | CAPR | Capricor Therapeutics Inc | Stock-Other | 2.15% | -3.78% | -53.72% | |
| 16 | ACRS | Aclaris Therapeutics Inc | Stock-Other | 1.98% | +1.98% | NEW | |
| 17 | IMUX | Immunic Inc | Stock-Other | 1.76% | +1.76% | NEW | |
| 18 | ORIC | Oric Pharmaceuticals Inc | Stock-Other | 1.72% | +1.72% | NEW | |
| 19 | TNXP | Tonix Pharmaceuticals Holdin | Stock-Other | 1.70% | +0.37% | +38.33% | |
| 20 | SNDX | Syndax Pharmaceuticals Inc | Stock-Other | 1.58% | +1.58% | NEW | |
| 21 | OLMA | Olema Pharmaceuticals Inc | Stock-Other | 1.53% | +1.53% | NEW | |
| 22 | VIR | Vir Biotechnology Inc | Stock-Other | 1.43% | -0.87% | -44.98% | |
| 23 | CRBP | Corbus Pharmaceuticals Holdi | Stock-Other | 1.30% | +1.30% | NEW | |
| 24 | DNTH | Dianthus Therapeutics Inc | Stock-Other | 1.18% | +1.18% | NEW | |
| 25 | VRTX | Vertex Pharmaceuticals Inc | Stock-Healthcare | 1.17% | -9.23% | -89.76% | |
| 26 | ELVN | Enliven Therapeutics Inc | Stock-Other | 0.54% | -4.44% | -91.59% | |
| 27 | GPCR | Structure Therapeutics Inc | Stock-Other | 0.46% | -0.58% | -59.67% | |
| 28 | PHAT | Phathom Pharmaceuticals Inc | Stock-Other | 0.37% | +0.37% | NEW | |
| 29 | ACHV | Achieve Life Sciences Inc | Stock-Other | 0.04% | +0.04% | NEW |
Portfolio Performance
Performance for Q3 2026
+16.9%
Performance Last 4 Quarters
+16.9%
Based on 3 months of available history
Based on 88% of reported portfolio value with available pricing
- Stdev
- +38.1%
- Beta
- +1.39
- Alpha
- +60.2%
- Max Drawdown
- -7%
- Annualized Perf
- +86.7%
- Batting Avg vs S&P
- +66.7%
- Sortino
- +4.95
- Stutzer
- —
- Treynor
- +0.49
- Sterling
- —
- Calmar
- +12.46
- Information Ratio
- +1.68
- Tracking Error
- +37.2%
- Stdev Down
- +13.9%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.54
- Sharpe
- +1.81
- Stdev Sectors
- 0%
- Skewness
- -0.7
- Kurtosis
- -1.5
- Upside Potential
- +6.95
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Jones Hill Capital LP's most significant position changes for 2026-06-30: New buy: Gilead Sciences Inc (GILD); Sold out: Vaxcyte Inc (PCVX); New buy: Arcutis Biotherapeutics Inc (ARQT); New buy: Madrigal Pharmaceuticals Inc (MDGL); Sold out: Terns Pharmaceuticals Inc (430).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GILD | Gilead Sciences Inc | +9.2% | NEW | New buy |
| 2 | ARQT | Arcutis Biotherapeutics Inc | +6.1% | NEW | New buy |
| 3 | MDGL | Madrigal Pharmaceuticals Inc | +6% | NEW | New buy |
| 4 | RLMD | Relmada Therapeutics Inc | +4.9% | +966.39% | Add |
| 5 | XENE | Xenon Pharmaceuticals Inc | +4.7% | NEW | New buy |
| 6 | TRVI | Trevi Therapeutics Inc | +4.4% | +261.78% | Add |
| 7 | PHVS | Pharvaris N.V. | +4% | +305.88% | Add |
| 8 | IMCR | Immunocore Holdings Plc-adr | +3.5% | NEW | New buy |
| 9 | INSM | Insmed Inc | +2.8% | NEW | New buy |
| 10 | BMRN | Biomarin Pharmaceutical Inc | +2.1% | +12.87% | Add |
| 11 | ACRS | Aclaris Therapeutics Inc | +2% | NEW | New buy |
| 12 | IMUX | Immunic Inc | +1.8% | NEW | New buy |
| 13 | ORIC | Oric Pharmaceuticals Inc | +1.7% | NEW | New buy |
| 14 | SNDX | Syndax Pharmaceuticals Inc | +1.6% | NEW | New buy |
| 15 | OLMA | Olema Pharmaceuticals Inc | +1.5% | NEW | New buy |
| 16 | CRBP | Corbus Pharmaceuticals Holdi | +1.3% | NEW | New buy |
| 17 | DNTH | Dianthus Therapeutics Inc | +1.2% | NEW | New buy |
| 18 | TNXP | Tonix Pharmaceuticals Holdin | +0.4% | +38.33% | Add |
| 19 | PHAT | Phathom Pharmaceuticals Inc | +0.4% | NEW | New buy |
| 20 | BCAX | Bicara Therapeutics Inc | +0.3% | -29.16% | Trim |
| 21 | ACHV | Achieve Life Sciences Inc | 0% | NEW | New buy |
| 22 | AVBP | Arrivent Biopharma Inc | -0.2% | EXIT | Sold out |
| 23 | SLN | Silence Therapeutics Plc-adr | -0.3% | EXIT | Sold out |
| 24 | GPCR | Structure Therapeutics Inc | -0.6% | -59.67% | Trim |
| 25 | VIR | Vir Biotechnology Inc | -0.9% | -44.98% | Trim |
| 26 | TRDA | Entrada Therapeutics Inc | -1% | EXIT | Sold out |
| 27 | ANIP | Ani Pharmaceuticals Inc | -1.1% | -26.61% | Trim |
| 28 | AMLX | Amylyx Pharmaceuticals Inc | -1.4% | -44.08% | Trim |
| 29 | MANE | Veradermics Inc | -1.4% | EXIT | Sold out |
| 30 | CTNM | Contineum Therapeutics Inc-a | -1.4% | EXIT | Sold out |
| 31 | ORKA | Oruka Therapeutics Inc | -1.5% | EXIT | Sold out |
| 32 | NUVB | Nuvation Bio Inc | -2.2% | EXIT | Sold out |
| 33 | FULC | Fulcrum Therapeutics Inc | -2.9% | EXIT | Sold out |
| 34 | CAPR | Capricor Therapeutics Inc | -3.8% | -53.72% | Trim |
| 35 | NUVL | Nuvalent Inc-a | -4% | -67.28% | Trim |
| 36 | ARGX | Argenx Se - Adr | -4.1% | EXIT | Sold out |
| 37 | ELVN | Enliven Therapeutics Inc | -4.4% | -91.59% | Trim |
| 38 | RARE | Ultragenyx Pharmaceutical In | -5.2% | EXIT | Sold out |
| 39 | 430 | Terns Pharmaceuticals Inc | -5.9% | EXIT | Sold out |
| 40 | PCVX | Vaxcyte Inc | -8% | EXIT | Sold out |
| 41 | VRTX | Vertex Pharmaceuticals Inc | -9.2% | -89.76% | Trim |
Filing History
FAQ
What is Jones Hill Capital LP and what type of investor is it?
Jones Hill Capital LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $470.4M, spread across 29 disclosed positions.
What are Jones Hill Capital LP's largest equity positions?
Based on the latest 13F filing, Jones Hill Capital LP's top holdings by market value are:
1. Biomarin Pharmaceutical Inc (BMRN) — $81.9M (17.4%)
2. Gilead Sciences Inc (GILD) — $43.3M (9.2%)
3. Arcutis Biotherapeutics Inc (ARQT) — $28.6M (6.1%)
4. Madrigal Pharmaceuticals Inc (MDGL) — $28.2M (6.0%)
5. Bicara Therapeutics Inc (BCAX) — $26.5M (5.6%)
What changes did Jones Hill Capital LP make in its most recent portfolio filing?
In the latest reported quarter, Jones Hill Capital LP made 41 notable position adjustments: 15 new positions were initiated, 5 existing holdings were added to, 9 positions were partially reduced, and 12 were completely exited. The largest of these moves: New buy: Gilead Sciences Inc (GILD); Sold out: Vaxcyte Inc (PCVX); New buy: Arcutis Biotherapeutics Inc (ARQT); New buy: Madrigal Pharmaceuticals Inc (MDGL); Sold out: Terns Pharmaceuticals Inc (430)
What sectors does Jones Hill Capital LP focus on?
Jones Hill Capital LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 100.0%
Investment Profile
Jones Hill Capital LP returned an annualized 86.7% over the trailing 3 months — outperforming the S&P 500 by 60.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.39 (more volatile than the market) and a 67% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 100.0% of the portfolio concentrated in Health Care.
Its turnover score has risen from 0 to 100 over the past 1 quarters — a shift toward more active trading.
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Developer Access
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REST API
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npx alphasmo institutions get jones-hill-capital-lp