M28 Capital Management LP

CIK 1807489 · View on SEC EDGAR ↗

Portfolio value
$47.2M
#8,734 of 9,443 by 13F value · top 92.5%
Positions
9
As of
June 30, 2026

Portfolio value QoQ: -12.3% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
8
Effective number of positions
2.7

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 0.0% Est. buys $0 · sells $0

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 81.8% still held

New positions
0
Increased
0
Decreased
0
Closed
2
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
-33.8%
S&P 500 total return (same window)
+28.1%
Excess return
-61.9%

Annualized: -24.1% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 98.7% · Options excluded: 0.0%

Sector breakdown

Healthcare
100.0%

Full portfolio 9 positions

Type Streak 8Q trend
WVE Wave Life Sciences Ltd. - Ordinary Shares $26,657,930 56.53% 4,588,284 $-6,607,129
IVVD Invivyd, Inc. - Common Stock $8,068,173 17.11% 9,248,250 $-3,954,552
TGTX TG Therapeutics, Inc. - Common Stock $4,854,169 10.29% 88,354 $1,919,049
ARWR Arrowhead Pharmaceuticals, Inc. - Common Stock $3,003,725 6.37% 36,851 $693,167
GUTS Fractyl Health, Inc. - Common Stock $1,474,499 3.13% 1,856,117 $624,769
PRQR ProQR Therapeutics N.V. - Ordinary Shares $1,115,615 2.37% 599,793 $143,950
SLN Silence Therapeutics Plc - American Depository Share $1,111,209 2.36% 101,203 $577,869
RCKT Rocket Pharmaceuticals, Inc. - Common Stock $721,179 1.53% 210,871 $-33,739
CRIS Curis, Inc. - Common Stock $148,741 0.32% 284,889 $-7,179

Top movers (QoQ)

Security Action Shares Δ Value Δ
WVE Price move only +0 -$6.6M
IVVD Price move only +0 -$4.0M
TGTX Price move only +0 +$1.9M
ARWR Price move only +0 +$693K
GUTS Price move only +0 +$625K
SLN Price move only +0 +$578K
PRQR Price move only +0 +$144K
RCKT Price move only +0 -$34K
CRIS Price move only +0 -$7K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
BBIO June 30, 2025 121,200 $4,189,884 91.4%
SWTX June 30, 2025 55,200 $2,435,976 No longer tracked