NC
Nexthera Capital LP Historical SEC 13F Holdings & Archive (Q2 2019)
Nexthera Capital LPCIK: 0001646343
High-turnover traderSector-focusedMomentum follower
Total reported value
$120.1M
Reporting period: 2019-06-30 · Number of holdings: 23
NEXTHERA CAPITAL LP disclosed 23 holdings in its latest 13F filing for the period ending 2019-06-30, with total reported value of $120.1M and a quarterly turnover rate of 108.4%.
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Personality snowflake
- Concentration
- 25.3
- Portfolio Stability
- 100
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 46
- Sizing Uniformity
- 93.1
Nexthera Capital LP's disclosed holdings carry a Herfindahl concentration index of 0.063 — mathematically equivalent to about 16 equally-sized positions, close to its 23 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 0.69), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.3 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 6% 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.govAdd ICPTUSD
+1175.4% $10.8M
Add NBIX
+284.3% $5.7M
Add SRPT
+136.6% $5.1M
Trim BOLDEUR
+17.3% $1.4M
Trim G0177J108
-75.6% -$1.4M
Trim IMMU
+56.6% $840.0K
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 | ICPTUSD | Intercept Pharmaceuticals In | Stock-Other | 10.10% | +8.48% | +1175.44% | |
| 2 | INSM | Insmed Inc | Stock-Healthcare | 10.04% | +0.01% | +65.60% | |
| 3 | BOLDEUR | Audentes Therapeutics Inc | Stock-Other | 9.27% | -2.60% | +17.31% | |
| 4 | NBIX | Neurocrine Biosciences Inc | Stock-Healthcare | 6.50% | +3.93% | +284.28% | |
| 5 | SRPT | Sarepta Therapeutics Inc | Stock-Healthcare | 6.37% | +3.29% | +136.56% | |
| 6 | GBTUSD | Global Blood Therapeutics In | Stock-Other | 6.23% | +0.64% | +63.38% | |
| 7 | IMMU | Immunomedics Inc | Stock-Other | 6.06% | -1.74% | +56.59% | |
| 8 | CHRS | Coherus Oncology Inc | Stock-Other | 5.82% | +5.82% | NEW | |
| 9 | ASND | Ascendis Pharma A/S | Stock-Other | 5.78% | +5.78% | NEW | |
| 10 | PCRX | Pacira Biosciences Inc | Stock-Other | 5.40% | +5.40% | NEW | |
| 11 | URGN | UroGen Pharma Ltd. | Stock-Other | 5.29% | -0.65% | +33.39% | |
| 12 | QURE | uniQure N.V. | Stock-Other | 3.90% | +1.09% | +54.34% | |
| 13 | ✓ | Amarin Corp PLC | Stock-Other | 3.72% | -0.03% | +54.88% | |
| 14 | ABBV | Abbvie Inc | Stock-Healthcare | 3.19% | +3.19% | NEW | |
| 15 | BHVN | Biohaven Ltd. | Stock-Other | 3.14% | +3.14% | NEW | |
| 16 | ✓ | Mylan N V | Stock-Other | 1.63% | +1.63% | NEW | |
| 17 | ITCIEUR | Intra-cellular Therapies Inc | Stock-Other | 1.55% | +1.55% | NEW | |
| 18 | REGN | Regeneron Pharmaceuticals | Stock-Healthcare | 1.48% | +1.48% | NEW | |
| 19 | MDGL | Madrigal Pharmaceuticals Inc | Stock-Healthcare | 1.35% | +0.83% | +346.78% | |
| 20 | DERMEUR | Dermira Inc | Stock-Other | 1.10% | +1.10% | NEW | |
| 21 | GILD | Gilead Sciences Inc | Stock-Healthcare | 1.05% | +1.05% | NEW | |
| 22 | ANAB | Anaptysbio Inc | Stock-Other | 0.57% | +0.57% | NEW | |
| 23 | ✓ | Stock-Other | 0.47% | -1.96% | -75.57% |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2019 Q2 | 23 | $120.1M | 100 | ||
| 2019 Q1 | 24 | $82.4M | 100 | ||
| 2018 Q4 | 23 | $242.6M | 100 | ||
| 2018 Q3 | 56 | $521.8M | 71 | ||
| 2018 Q2 | 45 | $645.9M | 53 | ||
| 2018 Q1 | 40 | $607.3M | 62 | ||
| 2017 Q4 | 39 | $542.4M | 88 | ||
| 2017 Q3 | 38 | $388.7M | 100 | ||
| 2017 Q2 | 41 | $229.5M | 63 | ||
| 2017 Q1 | 38 | $196.0M | 100 | ||
| 2016 Q4 | 39 | $170.6M | 100 | ||
| 2016 Q3 | 33 | $162.7M | 81 | ||
| 2016 Q2 | 35 | $115.5M | 100 | ||
| 2016 Q1 | 32 | $96.5M | 90 | ||
| 2015 Q4 | 45 | $70.5M | 0 |
Holding changes this quarter
Nexthera Capital LP's most significant position changes for 2019-06-30: Sold out: Heron Therapeutics Inc (HRTX); New buy: Coherus Oncology Inc (CHRS); New buy: Ascendis Pharma A/S (ASND); New buy: Pacira Biosciences Inc (PCRX); Sold out: Bausch Health Cos Inc (BHC).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ICPTUSD | Intercept Pharmaceuticals In | +8.5% | +1175.44% | Add |
| 2 | NBIX | Neurocrine Biosciences Inc | +3.9% | +284.28% | Add |
| 3 | SRPT | Sarepta Therapeutics Inc | +3.3% | +136.56% | Add |
| 4 | QURE | uniQure N.V. | +1.1% | +54.34% | Add |
| 5 | MDGL | Madrigal Pharmaceuticals Inc | +0.8% | +346.78% | Add |
| 6 | GBTUSD | Global Blood Therapeutics In | +0.6% | +63.38% | Add |
| 7 | INSM | Insmed Inc | 0% | +65.60% | Add |
| 8 | ✓ | Amarin Corp PLC | 0% | +54.88% | Add |
| 9 | URGN | UroGen Pharma Ltd. | -0.7% | +33.39% | Add |
| 10 | IMMU | Immunomedics Inc | -1.7% | +56.59% | Add |
| 11 | ✓ | -2% | -75.57% | Trim | |
| 12 | BOLDEUR | Audentes Therapeutics Inc | -2.6% | +17.31% | Add |
| 13 | HRTX | Heron Therapeutics Inc | — | EXIT | Sold out |
| 14 | CHRS | Coherus Oncology Inc | — | NEW | New buy |
| 15 | ASND | Ascendis Pharma A/S | — | NEW | New buy |
| 16 | PCRX | Pacira Biosciences Inc | — | NEW | New buy |
| 17 | BHC | Bausch Health Cos Inc | — | EXIT | Sold out |
| 18 | STMLEUR | Stemline Therapeutics Inc | — | EXIT | Sold out |
| 19 | NVS | Novartis Ag-sponsored Adr | — | EXIT | Sold out |
| 20 | ABBV | Abbvie Inc | — | NEW | New buy |
| 21 | BHVN | Biohaven Ltd. | — | NEW | New buy |
| 22 | CBAYUSD | Cymabay Therapeutics Inc | — | EXIT | Sold out |
| 23 | EXEL | Exelixis Inc | — | EXIT | Sold out |
| 24 | ✓ | Acorda Therapeutics Inc | — | EXIT | Sold out |
| 25 | ✓ | Mylan N V | — | NEW | New buy |
| 26 | ITCIEUR | Intra-cellular Therapies Inc | — | NEW | New buy |
| 27 | REGN | Regeneron Pharmaceuticals | — | NEW | New buy |
| 28 | DERMEUR | Dermira Inc | — | NEW | New buy |
| 29 | GILD | Gilead Sciences Inc | — | NEW | New buy |
| 30 | KNSA | Kiniksa Pharmaceuticals International, plc | — | EXIT | Sold out |
| 31 | CHMA | Chiasma Inc | — | EXIT | Sold out |
| 32 | DCPHEUR | Deciphera Pharmaceuticals In | — | EXIT | Sold out |
| 33 | SG7 | Sage Therapeutics Inc | — | EXIT | Sold out |
| 34 | BMRN | Biomarin Pharmaceutical Inc | — | EXIT | Sold out |
| 35 | ANAB | Anaptysbio Inc | — | NEW | New buy |
Filing History
FAQ
What is Nexthera Capital LP and what type of investor is it?
Nexthera 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 (2019-06-30), the firm manages a tracked equity portfolio valued at approximately $120.1M, spread across 23 disclosed positions.
What are Nexthera Capital LP's largest equity positions?
Based on the latest 13F filing, Nexthera Capital LP's top holdings by market value are:
1. Intercept Pharmaceuticals In (ICPTUSD) — $12.1M (10.1%)
2. Insmed Inc (INSM) — $12.1M (10.0%)
3. Audentes Therapeutics Inc (BOLDEUR) — $11.1M (9.3%)
4. Neurocrine Biosciences Inc (NBIX) — $7.8M (6.5%)
5. Sarepta Therapeutics Inc (SRPT) — $7.6M (6.4%)
What changes did Nexthera Capital LP make in its most recent portfolio filing?
In the latest reported quarter, Nexthera Capital LP made 35 notable position adjustments: 11 new positions were initiated, 11 existing holdings were added to, 1 positions were partially reduced, and 12 were completely exited. The largest of these moves: Sold out: Heron Therapeutics Inc (HRTX); New buy: Coherus Oncology Inc (CHRS); New buy: Ascendis Pharma A/S (ASND); New buy: Pacira Biosciences Inc (PCRX); Sold out: Bausch Health Cos Inc (BHC)
What sectors does Nexthera Capital LP focus on?
Nexthera Capital LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 100.0%
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Investment Profile
Nexthera Capital LP's portfolio is broadly diversified and fast-trading, with 100.0% of the portfolio concentrated in Health Care.
Its turnover score has risen from 53 to 100 over the past 4 quarters — a shift toward more active trading.
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Developer Access
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