LP
Lion Point Capital, LP 13F Holdings & Recent Stock Buys (Q2 2026)
Lion Point Capital, LPCIK: 0001643354
Sector-focusedContrarianQuality / disciplined sizing
Total reported value
$20.9M
Reporting period: 2026-06-30 · Number of holdings: 35
Lion Point Capital, LP disclosed 35 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $20.9M and a quarterly turnover rate of 34.7%.
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Personality snowflake
- Concentration
- 16.82
- Portfolio Stability
- 34.7
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 70
- Sizing Uniformity
- 93.03
Lion Point Capital, LP's disclosed holdings carry a Herfindahl concentration index of 0.042 — mathematically equivalent to about 24 equally-sized positions, close to its 35 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.70), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 8.0 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Sector classification currently covers about 15% 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.govNew buy CUE
Sold out CUE1EUR
Add CMPS
0.0% $689.6K
Add QURE
0.0% $436.7K
Add FENC
0.0% $517.2K
Trim GERN
0.0% -$121.4K
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 | CUE | Cue Biopharma Inc | Stock-Other | 7.99% | +7.99% | NEW | |
| 2 | PRAX | Praxis Precision Medicines I | Stock-Other | 7.13% | -1.44% | — | |
| 3 | MLTX | Moonlake Immunotherapeutics | Stock-Other | 6.29% | -1.23% | — | |
| 4 | FENC | Fennec Pharmaceuticals Inc | Stock-Other | 5.78% | +1.65% | — | |
| 5 | RPRX | Royalty Pharma plc | Stock-Healthcare | 5.74% | -0.40% | — | |
| 6 | CMPS | Compass Pathways PLC | Stock-Other | 5.41% | +2.77% | — | |
| 7 | MIST | Milestone Pharmaceuticals In | Stock-Other | 5.26% | -0.57% | — | |
| 8 | BNTC | Benitec Biopharma Inc | Stock-Other | 3.97% | +0.02% | — | |
| 9 | SNDX | Syndax Pharmaceuticals Inc | Stock-Other | 3.76% | -1.27% | — | |
| 10 | BHVN | Biohaven Ltd. | Stock-Other | 3.68% | +1.07% | — | |
| 11 | GERN | Geron CORP | Stock-Other | 3.54% | -1.61% | — | |
| 12 | QURE | uniQure N.V. | Stock-Other | 3.24% | +1.80% | — | |
| 13 | ARDX | Ardelyx Inc | Stock-Other | 3.14% | -1.47% | — | |
| 14 | LNTH | Lantheus Holdings Inc | Stock-Healthcare | 2.92% | +0.43% | — | |
| 15 | IRON | Disc Medicine Inc | Stock-Other | 2.83% | -0.27% | — | |
| 16 | SRPT | Sarepta Therapeutics Inc | Stock-Healthcare | 2.45% | -1.26% | — | |
| 17 | HUMA | Humacyte Inc | Stock-Other | 2.43% | +0.07% | — | |
| 18 | KURA | Kura Oncology Inc | Stock-Other | 2.41% | +0.17% | — | |
| 19 | VTRS | Viatris Inc | Stock-Healthcare | 2.10% | -0.14% | — | |
| 20 | DYN | Dyne Therapeutics Inc | Stock-Other | 1.91% | -0.04% | — | |
| 21 | BBIO | Bridgebio Pharma Inc | Stock-Healthcare | 1.78% | -0.44% | — | |
| 22 | EWTX | Edgewise Therapeutics Inc | Stock-Other | 1.77% | +0.06% | — | |
| 23 | PCRX | Pacira Biosciences Inc | Stock-Other | 1.64% | -0.18% | — | |
| 24 | RGNX | Regenxbio Inc | Stock-Other | 1.52% | +0.19% | — | |
| 25 | RCKT | Rocket Pharmaceuticals Inc | Stock-Other | 1.41% | -0.43% | — | |
| 26 | JANX | Janux Therapeutics Inc | Stock-Other | 1.40% | -0.18% | — | |
| 27 | MLYS | Mineralys Therapeutics Inc | Stock-Other | 1.36% | -0.34% | — | |
| 28 | GHRS | GH Research PLC | Stock-Other | 1.31% | +0.45% | — | |
| 29 | MCRB | Seres Therapeutics Inc | Stock-Other | 1.19% | -0.48% | — | |
| 30 | AZTA | Azenta Inc | Stock-Other | 1.18% | -0.05% | — | |
| 31 | JSPR | Jasper Therapeutics Inc | Stock-Other | 0.94% | -1.50% | — | |
| 32 | INVA | Innoviva Inc | Stock-Other | 0.89% | -0.25% | — | |
| 33 | IPHA | Innate Pharma Sa-spons Adr | Stock-Other | 0.71% | +0.09% | — | |
| 34 | ARQT | Arcutis Biotherapeutics Inc | Stock-Other | 0.66% | -0.08% | — | |
| 35 | SPRB | Spruce Biosciences Inc | Stock-Other | 0.26% | -0.13% | — |
Portfolio Performance
Performance for Q3 2026
+3.8%
Performance Last 4 Quarters
+33.2%
- Stdev
- +38.4%
- Beta
- +1.11
- Alpha
- +13.2%
- Max Drawdown
- -33.4%
- Annualized Perf
- +31.8%
- Batting Avg vs S&P
- +50%
- Sortino
- +1.54
- Stutzer
- +0.26
- Treynor
- +0.32
- Sterling
- +1
- Calmar
- +0.95
- Information Ratio
- +0.43
- Tracking Error
- +35.7%
- Stdev Down
- +23%
- Winning Months %
- +52.8%
- Losing Months %
- +47.2%
- Best 12 Months
- +125.3%
- Worst 12 Months
- -3.3%
- Efficiency Ratio
- +0.42
- Sharpe
- +0.92
- Stdev Sectors
- 0%
- Skewness
- -0.55
- Kurtosis
- +1.73
- Upside Potential
- +3.02
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 35 | $20.9M | 35 | ||
| 2026 Q1 | 35 | $16.7M | 27 | ||
| 2025 Q4 | 39 | $19.3M | 72 | ||
| 2025 Q3 | 27 | $17.6M | 59 | ||
| 2025 Q2 | 19 | $14.7M | 0 | ||
| 2025 Q1 | 21 | $15.7M | 100 | ||
| 2024 Q4 | 19 | $19.1M | 0 | ||
| 2024 Q3 | 25 | $44.9M | 0 | ||
| 2024 Q2 | 27 | $54.9M | 0 | ||
| 2024 Q1 | 32 | $179.0M | 0 | ||
| 2023 Q4 | 30 | $199.9M | 0 | ||
| 2023 Q3 | 31 | $224.4M | 0 | ||
| 2023 Q2 | 30 | $221.3M | 0 | ||
| 2023 Q1 | 31 | $242.9M | 0 | ||
| 2022 Q4 | 32 | $702.5M | 0 | ||
| 2022 Q3 | 41 | $453.9M | 0 | ||
| 2022 Q2 | 40 | $878.5M | 0 | ||
| 2022 Q1 | 35 | $430.9M | 0 | ||
| 2021 Q4 | 33 | $373.0M | 0 | ||
| 2021 Q3 | 38 | $533.4M | 0 | ||
| 2021 Q2 | 34 | $578.6M | 31 | ||
| 2021 Q1 | 30 | $549.6M | 79 | ||
| 2020 Q4 | 24 | $519.2M | 71 | ||
| 2020 Q3 | 24 | $455.9M | 46 | ||
| 2020 Q2 | 24 | $412.3M | 69 | ||
| 2020 Q1 | 25 | $378.9M | 100 | ||
| 2019 Q4 | 26 | $1.1B | 61 | ||
| 2019 Q3 | 26 | $896.7M | 37 | ||
| 2019 Q2 | 24 | $1.0B | 54 | ||
| 2019 Q1 | 24 | $1.1B | 86 | ||
| 2018 Q4 | 35 | $635.9M | 66 | ||
| 2018 Q3 | 35 | $1.1B | 24 | ||
| 2018 Q2 | 27 | $1.1B | 34 | ||
| 2018 Q1 | 28 | $1.1B | 40 | ||
| 2017 Q4 | 35 | $1.2B | 64 | ||
| 2017 Q3 | 32 | $985.6M | 47 | ||
| 2017 Q2 | 30 | $720.5M | 51 | ||
| 2017 Q1 | 29 | $684.1M | 84 | ||
| 2016 Q4 | 16 | $411.5M | 83 | ||
| 2016 Q3 | 14 | $761.0M | 95 | ||
| 2016 Q2 | 14 | $376.5M | 72 | ||
| 2016 Q1 | 10 | $346.3M | 55 | ||
| 2015 Q4 | 12 | $328.5M | 0 |
Holding changes this quarter
Lion Point Capital, LP's most significant position changes for 2026-06-30: New buy: Cue Biopharma Inc (CUE); Sold out: Cue Biopharma Inc (CUE1EUR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CUE | Cue Biopharma Inc | +8% | NEW | New buy |
| 2 | CMPS | Compass Pathways PLC | +2.8% | — | Unchanged |
| 3 | QURE | uniQure N.V. | +1.8% | — | Unchanged |
| 4 | FENC | Fennec Pharmaceuticals Inc | +1.7% | — | Unchanged |
| 5 | BHVN | Biohaven Ltd. | +1.1% | — | Unchanged |
| 6 | GHRS | GH Research PLC | +0.5% | — | Unchanged |
| 7 | LNTH | Lantheus Holdings Inc | +0.4% | — | Unchanged |
| 8 | RGNX | Regenxbio Inc | +0.2% | — | Unchanged |
| 9 | KURA | Kura Oncology Inc | +0.2% | — | Unchanged |
| 10 | IPHA | Innate Pharma Sa-spons Adr | +0.1% | — | Unchanged |
| 11 | HUMA | Humacyte Inc | +0.1% | — | Unchanged |
| 12 | EWTX | Edgewise Therapeutics Inc | +0.1% | — | Unchanged |
| 13 | BNTC | Benitec Biopharma Inc | 0% | — | Unchanged |
| 14 | DYN | Dyne Therapeutics Inc | 0% | — | Unchanged |
| 15 | AZTA | Azenta Inc | -0.1% | — | Unchanged |
| 16 | ARQT | Arcutis Biotherapeutics Inc | -0.1% | — | Unchanged |
| 17 | SPRB | Spruce Biosciences Inc | -0.1% | — | Unchanged |
| 18 | VTRS | Viatris Inc | -0.1% | — | Unchanged |
| 19 | PCRX | Pacira Biosciences Inc | -0.2% | — | Unchanged |
| 20 | JANX | Janux Therapeutics Inc | -0.2% | — | Unchanged |
| 21 | INVA | Innoviva Inc | -0.3% | — | Unchanged |
| 22 | IRON | Disc Medicine Inc | -0.3% | — | Unchanged |
| 23 | MLYS | Mineralys Therapeutics Inc | -0.3% | — | Unchanged |
| 24 | RPRX | Royalty Pharma plc | -0.4% | — | Unchanged |
| 25 | RCKT | Rocket Pharmaceuticals Inc | -0.4% | — | Unchanged |
| 26 | BBIO | Bridgebio Pharma Inc | -0.4% | — | Unchanged |
| 27 | MCRB | Seres Therapeutics Inc | -0.5% | — | Unchanged |
| 28 | MIST | Milestone Pharmaceuticals In | -0.6% | — | Unchanged |
| 29 | MLTX | Moonlake Immunotherapeutics | -1.2% | — | Unchanged |
| 30 | SRPT | Sarepta Therapeutics Inc | -1.3% | — | Unchanged |
| 31 | SNDX | Syndax Pharmaceuticals Inc | -1.3% | — | Unchanged |
| 32 | PRAX | Praxis Precision Medicines I | -1.4% | — | Unchanged |
| 33 | ARDX | Ardelyx Inc | -1.5% | — | Unchanged |
| 34 | JSPR | Jasper Therapeutics Inc | -1.5% | — | Unchanged |
| 35 | GERN | Geron CORP | -1.6% | — | Unchanged |
| 36 | CUE1EUR | Cue Biopharma Inc | -3% | EXIT | Sold out |
Filing History
FAQ
What is Lion Point Capital, LP and what type of investor is it?
Lion Point 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 $20.9M, spread across 35 disclosed positions.
What are Lion Point Capital, LP's largest equity positions?
Based on the latest 13F filing, Lion Point Capital, LP's top holdings by market value are:
1. Cue Biopharma Inc (CUE) — $1.7M (8.0%)
2. Praxis Precision Medicines I (PRAX) — $1.5M (7.1%)
3. Moonlake Immunotherapeutics (MLTX) — $1.3M (6.3%)
4. Fennec Pharmaceuticals Inc (FENC) — $1.2M (5.8%)
5. Royalty Pharma plc (RPRX) — $1.2M (5.7%)
What changes did Lion Point Capital, LP make in its most recent portfolio filing?
In the latest reported quarter, Lion Point Capital, LP made 2 notable position adjustments: 1 new positions were initiated, 0 existing holdings were added to, 0 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Cue Biopharma Inc (CUE); Sold out: Cue Biopharma Inc (CUE1EUR)
What sectors does Lion Point Capital, LP focus on?
Lion Point Capital, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 100.0%
Investment Profile
Lion Point Capital, LP returned an annualized 31.8% over the trailing 36 months — outperforming the S&P 500 by 13.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.11 (more volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 100.0% of the portfolio concentrated in Health Care.
Its turnover score has risen from 0 to 35 over the past 4 quarters — a shift toward more active trading.
It has added to its CMPS position over the past two quarters (+$731.8K, now $1.1M), while trimming JSPR over the same stretch (-$655.2K, still holding $195.8K).
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PV
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JL
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Developer Access
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REST API
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