VP
Vestal Point Capital, LP 13F Filing (Q2 2026) — Top Positions & Stock Picks
Vestal Point Capital, LPCIK: 0001974915
Diversified strategySector-focusedMomentum follower
Total reported value
$4.3B
Reporting period: 2026-06-30 · Number of holdings: 68
Vestal Point Capital, LP disclosed 68 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $4.3B and a quarterly turnover rate of 80.2%.
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Personality snowflake
- Concentration
- 14.59
- Portfolio Stability
- 80.18
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 87.74
Vestal Point Capital, LP's disclosed holdings carry a Herfindahl concentration index of 0.036 — mathematically equivalent to about 27 equally-sized positions, well below its 68 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.23), with a handful of outsized bets alongside many smaller positions.
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 46% 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 RVMD
-81.1% -$146.7M
Add UTHR
+480.0% $191.2M
New buy ABT
Add NBIX
+50.4% $152.2M
Add ABVX
+56.6% $146.1M
Sold out APGE
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 | 8.06% | +2.41% | +68.53% | |
| 2 | NBIX | Neurocrine Biosciences Inc | Stock-Healthcare | 7.40% | +2.80% | +50.40% | |
| 3 | ABVX | Abivax Sa-adr | Stock-Other | 7.32% | +2.65% | +56.63% | |
| 4 | UTHR | United Therapeutics CORP | Stock-Healthcare | 5.51% | +4.27% | +480.00% | |
| 5 | ELVN | Enliven Therapeutics Inc | Stock-Other | 4.74% | +1.18% | +23.08% | |
| 6 | NRIX | Nurix Therapeutics Inc | Stock-Other | 4.56% | +1.74% | +23.85% | |
| 7 | BCAX | Bicara Therapeutics Inc | Stock-Other | 3.64% | +0.62% | -3.23% | |
| 8 | TSHA | Taysha Gene Therapies Inc | Stock-Other | 3.09% | +0.84% | +7.86% | |
| 9 | ARWR | Arrowhead Pharmaceuticals In | Stock-Healthcare | 3.00% | -0.99% | -30.77% | |
| 10 | ABT | Abbott Laboratories | Stock-Healthcare | 2.97% | +2.97% | NEW | |
| 11 | ZBH | Zimmer Biomet Holdings Inc | Stock-Healthcare | 2.82% | +2.34% | +636.84% | |
| 12 | IRON | Disc Medicine Inc | Stock-Other | 2.65% | +1.40% | +121.43% | |
| 13 | GLUE | Monte Rosa Therapeutics Inc | Stock-Other | 2.60% | +0.94% | +27.65% | |
| 14 | PODD | Insulet CORP | Stock-Healthcare | 2.38% | +2.08% | +1224.08% | |
| 15 | ✓ | Ascendis Pharma A/s | Stock-Other | 2.34% | +2.34% | NEW | |
| 16 | AZN | AstraZeneca PLC | Stock-Healthcare | 1.99% | +1.44% | +350.00% | |
| 17 | SNY | Sanofi-adr | Stock-Healthcare | 1.99% | +0.10% | +42.86% | |
| 18 | RVMD | Revolution Medicines Inc | Stock-Healthcare | 1.97% | -4.49% | -81.05% | |
| 19 | BCRX | Biocryst Pharmaceuticals Inc | Stock-Other | 1.94% | +0.07% | +18.15% | |
| 20 | DYN | Dyne Therapeutics Inc | Stock-Other | 1.75% | -0.28% | -15.63% | |
| 21 | NKTR | Nektar Therapeutics | Stock-Other | 1.63% | +1.06% | +250.88% | |
| 22 | GMED | Globus Medical Inc - A | Stock-Healthcare | 1.57% | +0.10% | +39.23% | |
| 23 | TARS | Tarsus Pharmaceuticals Inc | Stock-Other | 1.54% | +1.15% | +425.00% | |
| 24 | ✓ | Immatics NV | Stock-Other | 1.46% | -0.24% | — | |
| 25 | TRVI | Trevi Therapeutics Inc | Stock-Other | 1.35% | +0.63% | +43.09% | |
| 26 | IMCR | Immunocore Holdings Plc-adr | Stock-Other | 1.34% | -0.99% | -34.94% | |
| 27 | RGEN | Repligen CORP | Stock-Healthcare | 1.28% | -1.77% | -56.76% | |
| 28 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 1.08% | -0.62% | -20.00% | |
| 29 | QURE | uniQure N.V. | Stock-Other | 1.01% | +0.85% | +160.45% | |
| 30 | XENE | Xenon Pharmaceuticals Inc | Stock-Other | 0.99% | -0.05% | +9.39% | |
| 31 | DRUG | Bright Minds Biosciences Inc | Stock-Other | 0.89% | -0.11% | +10.70% | |
| 32 | MDGL | Madrigal Pharmaceuticals Inc | Stock-Healthcare | 0.82% | +0.36% | +106.56% | |
| 33 | ALC | Alcon Inc. | Stock-Healthcare | 0.78% | -0.91% | -37.50% | |
| 34 | MYGN | Myriad Genetics Inc | Stock-Other | 0.77% | +0.56% | +248.00% | |
| 35 | RAPP | Rapport Therapeutics Inc | Stock-Other | 0.71% | -0.55% | -49.17% | |
| 36 | ✓ | Crescent Biopharma Inc. | Stock-Other | 0.69% | -0.08% | +8.67% | |
| 37 | GEHC | GE Healthcare Technology | Stock-Healthcare | 0.67% | +0.17% | +80.00% | |
| 38 | INSM | Insmed Inc | Stock-Healthcare | 0.62% | +0.62% | NEW | |
| 39 | VKTX | Viking Therapeutics Inc | Stock-Healthcare | 0.62% | -0.21% | -25.61% | |
| 40 | BBNX | Beta Bionics Inc | Stock-Other | 0.59% | -0.03% | -27.65% | |
| 41 | REGN | Regeneron Pharmaceuticals | Stock-Healthcare | 0.58% | -0.28% | — | |
| 42 | SLDB | Solid Biosciences Inc | Stock-Other | 0.50% | -0.51% | -56.80% | |
| 43 | ANRO | Alto Neuroscience Inc | Stock-Other | 0.48% | -0.82% | -61.97% | |
| 44 | ✓ | Stock-Other | 0.48% | +0.48% | NEW | ||
| 45 | LXEO | Lexeo Therapeutics Inc | Stock-Other | 0.47% | -0.25% | -3.46% | |
| 46 | SVRA | Savara Inc | Stock-Other | 0.39% | -0.01% | +4.61% | |
| 47 | DMRA | Damora Therapeutics Inc | Stock-Other | 0.35% | -0.08% | -4.17% | |
| 48 | SGP | Spyglass Pharma Inc | Stock-Other | 0.35% | -0.13% | +0.49% | |
| 49 | TECX | Tectonic Therapeutic Inc | Stock-Other | 0.34% | +0.06% | +29.57% | |
| 50 | AVTX | Avalo Therapeutics Inc | Stock-Other | 0.33% | +0.33% | NEW |
1–50 of 68
Portfolio Performance
Performance for Q3 2026
+16.3%
Performance Last 4 Quarters
+87.7%
- Stdev
- +25.1%
- Beta
- +0.65
- Alpha
- +20.2%
- Max Drawdown
- -22.1%
- Annualized Perf
- +33.6%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.77
- Stutzer
- +0.39
- Treynor
- +0.5
- Sterling
- +1.58
- Calmar
- +1.52
- Information Ratio
- +0.57
- Tracking Error
- +24.3%
- Stdev Down
- +11.6%
- Winning Months %
- +60%
- Losing Months %
- +40%
- Best 12 Months
- +113.7%
- Worst 12 Months
- -12.2%
- Efficiency Ratio
- +0.63
- Sharpe
- +1.28
- Stdev Sectors
- 0%
- Skewness
- +0.61
- Kurtosis
- +1.74
- Upside Potential
- +4.26
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Vestal Point Capital, LP's most significant position changes for 2026-06-30: New buy: Abbott Laboratories (ABT); New buy: Ascendis Pharma A/s; Sold out: Apogee Therapeutics Inc (APGE); Sold out: Ascendis Pharma A/S (ASND); Sold out: Scholar Rock Holding CORP (SRRK).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | UTHR | United Therapeutics CORP | +4.3% | +480.00% | Add |
| 2 | ABT | Abbott Laboratories | +3% | NEW | New buy |
| 3 | NBIX | Neurocrine Biosciences Inc | +2.8% | +50.40% | Add |
| 4 | ABVX | Abivax Sa-adr | +2.7% | +56.63% | Add |
| 5 | BMRN | Biomarin Pharmaceutical Inc | +2.4% | +68.53% | Add |
| 6 | ZBH | Zimmer Biomet Holdings Inc | +2.3% | +636.84% | Add |
| 7 | ✓ | Ascendis Pharma A/s | +2.3% | NEW | New buy |
| 8 | PODD | Insulet CORP | +2.1% | +1224.08% | Add |
| 9 | NRIX | Nurix Therapeutics Inc | +1.7% | +23.85% | Add |
| 10 | AZN | AstraZeneca PLC | +1.4% | +350.00% | Add |
| 11 | IRON | Disc Medicine Inc | +1.4% | +121.43% | Add |
| 12 | ELVN | Enliven Therapeutics Inc | +1.2% | +23.08% | Add |
| 13 | TARS | Tarsus Pharmaceuticals Inc | +1.2% | +425.00% | Add |
| 14 | NKTR | Nektar Therapeutics | +1.1% | +250.88% | Add |
| 15 | GLUE | Monte Rosa Therapeutics Inc | +0.9% | +27.65% | Add |
| 16 | QURE | uniQure N.V. | +0.9% | +160.45% | Add |
| 17 | TSHA | Taysha Gene Therapies Inc | +0.8% | +7.86% | Add |
| 18 | TRVI | Trevi Therapeutics Inc | +0.6% | +43.09% | Add |
| 19 | BCAX | Bicara Therapeutics Inc | +0.6% | -3.23% | Trim |
| 20 | INSM | Insmed Inc | +0.6% | NEW | New buy |
| 21 | MYGN | Myriad Genetics Inc | +0.6% | +248.00% | Add |
| 22 | ✓ | +0.5% | NEW | New buy | |
| 23 | MDGL | Madrigal Pharmaceuticals Inc | +0.4% | +106.56% | Add |
| 24 | AVTX | Avalo Therapeutics Inc | +0.3% | NEW | New buy |
| 25 | EVMN | Evommune Inc | +0.3% | NEW | New buy |
| 26 | ✓ | +0.3% | NEW | New buy | |
| 27 | GEHC | GE Healthcare Technology | +0.2% | +80.00% | Add |
| 28 | ZBIO | Zenas Biopharma Inc | +0.1% | +82.50% | Add |
| 29 | IBIO | Ibio Inc | +0.1% | NEW | New buy |
| 30 | SNY | Sanofi-adr | +0.1% | +42.86% | Add |
| 31 | GMED | Globus Medical Inc - A | +0.1% | +39.23% | Add |
| 32 | SGMT | Sagimet Biosciences Inc-a | +0.1% | NEW | New buy |
| 33 | ✓ | Zura Bio LTD | +0.1% | +129.74% | Add |
| 34 | BCRX | Biocryst Pharmaceuticals Inc | +0.1% | +18.15% | Add |
| 35 | ENGN | Engene Therapeutics Inc | +0.1% | NEW | New buy |
| 36 | TECX | Tectonic Therapeutic Inc | +0.1% | +29.57% | Add |
| 37 | MNPR | Monopar Therapeutics Inc | +0.1% | +15.76% | Add |
| 38 | AVR | Anteris Technologies Global | +0.1% | -11.77% | Trim |
| 39 | RZLT | Rezolute Inc | +0.1% | NEW | New buy |
| 40 | PALI | Palisade Bio Inc | — | — | Unchanged |
| 41 | TENX | Tenax Therapeutics Inc | — | — | Unchanged |
| 42 | APRE | Aprea Therapeutics Inc | — | — | Unchanged |
| 43 | SVRA | Savara Inc | 0% | +4.61% | Add |
| 44 | MGNX | Macrogenics Inc | 0% | EXIT | Sold out |
| 45 | OKUR | Onkure Therapeutics Inc-a | 0% | -0.77% | Trim |
| 46 | ABSI | Absci CORP | 0% | EXIT | Sold out |
| 47 | BBNX | Beta Bionics Inc | 0% | -27.65% | Trim |
| 48 | RGNX | Regenxbio Inc | 0% | EXIT | Sold out |
| 49 | ✓ | Nyxoah S A | 0% | -2.90% | Trim |
| 50 | XENE | Xenon Pharmaceuticals Inc | -0.1% | +9.39% | Add |
1–50 of 101
Filing History
FAQ
What is Vestal Point Capital, LP and what type of investor is it?
Vestal 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 $4.3B, spread across 68 disclosed positions.
What are Vestal Point Capital, LP's largest equity positions?
Based on the latest 13F filing, Vestal Point Capital, LP's top holdings by market value are:
1. Biomarin Pharmaceutical Inc (BMRN) — $344.8M (8.1%)
2. Neurocrine Biosciences Inc (NBIX) — $316.8M (7.4%)
3. Abivax Sa-adr (ABVX) — $313.1M (7.3%)
4. United Therapeutics CORP (UTHR) — $235.7M (5.5%)
5. Enliven Therapeutics Inc (ELVN) — $203.0M (4.7%)
What changes did Vestal Point Capital, LP make in its most recent portfolio filing?
In the latest reported quarter, Vestal Point Capital, LP made 96 notable position adjustments: 11 new positions were initiated, 31 existing holdings were added to, 21 positions were partially reduced, and 33 were completely exited. The largest of these moves: New buy: Abbott Laboratories (ABT); New buy: Ascendis Pharma A/s; Sold out: Apogee Therapeutics Inc (APGE); Sold out: Ascendis Pharma A/S (ASND); Sold out: Scholar Rock Holding CORP (SRRK)
What sectors does Vestal Point Capital, LP focus on?
Vestal Point Capital, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 100.0%
Investment Profile
Vestal Point Capital, LP returned an annualized 33.6% over the trailing 30 months — outperforming the S&P 500 by 20.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.65 (less volatile than the market) and a 50% 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 80 over the past 4 quarters — a shift toward more active trading.
It has added to its BMRN position over the past two quarters (+$166.5M, now $344.8M), while trimming ALC over the same stretch (-$53.5M, still holding $33.6M).
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Developer Access
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