Vestal Point Capital, LP

CIK 1974915 · View on SEC EDGAR ↗

Portfolio value
$4.3B
#897 of 9,443 by 13F value · top 9.5%
Positions
68
As of
June 30, 2026

Portfolio value QoQ: +19.6% 13F does not disclose cash

Top 10 holdings weight
50.29%
Top 25 holdings weight
80.28%
Positions above 1%
29
Effective number of positions
27.4

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

Turnover Q2 2026: 39.4% Est. buys $1,600,614,478 · sells $1,547,505,051

Median holding: 2.5 quarters Tracked Q4 2024–Q2 2026 · 37.8% still held

New positions
11
Increased
31
Decreased
21
Closed
33
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+117.2%
S&P 500 total return (same window)
+28.1%
Excess return
+89.2%

Annualized: +68.0% · 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: 98.8% · Options excluded: 1.6%

Sector breakdown

Healthcare
96.5%
Other/Unmapped
3.5%

Full portfolio 68 positions

Type Streak 8Q trend
BMRN BioMarin Pharmaceutical Inc. - Common Stock $344,750,500 8.06% 6,025,000 $142,798,750 Up ×4
NBIX Neurocrine Biosciences, Inc. - Common Stock $316,845,800 7.40% 1,880,000 $152,170,800 Up ×1
ABVX Abivax SA - American Depositary Shares $313,086,774 7.32% 2,349,443 $146,061,774 Up ×1
UTHR United Therapeutics Corporation - Common Stock $235,696,050 5.51% 435,000 $191,222,550 Up ×1
ELVN Enliven Therapeutics, Inc. - Common Stock $203,000,000 4.74% 4,000,000 $75,600,000 Up ×1
NRIX Nurix Therapeutics, Inc. - Common stock $195,293,000 4.56% 8,050,000 $94,543,000 Up ×6
BCAX Bicara Therapeutics Inc. - Common Stock $155,872,500 3.64% 5,250,000 $47,969,250 Down ×1
TSHA Taysha Gene Therapies, Inc. - Common Stock $132,216,150 3.09% 19,415,000 $51,756,150 Up ×4
ARWR Arrowhead Pharmaceuticals, Inc. - Common Stock $128,378,250 3.00% 1,575,000 $-14,264,250 Down ×1
ABT Abbott Laboratories Common Stock $127,036,000 2.97% 1,400,000
ZBH Zimmer Biomet Holdings, Inc. Common Stock $120,526,000 2.82% 1,400,000 $103,346,200 Up ×2
IRON Disc Medicine, Inc. - Common Stock $113,367,000 2.65% 1,550,000 $68,609,000 Up ×1
GLUE Monte Rosa Therapeutics, Inc. - Common Stock $111,320,000 2.60% 4,600,000 $52,043,001 Up ×2
PODD Insulet Corporation - Common Stock $102,007,500 2.38% 670,000 $91,389,386 Up ×1
Unknown issuer (CUSIP: K08588103) $100,020,000 2.34% 375,000 Up ×1
AZN AstraZeneca PLC - American Depositary Shares $85,329,000 1.99% 450,000 $65,607,000 Up ×1
SNY Sanofi - American Depositary Shares $85,320,000 1.99% 2,000,000 $17,868,000 Up ×1
RVMD Revolution Medicines, Inc. - Common Stock $84,276,000 1.97% 450,000 $-146,692,750 Down ×1
BCRX BioCryst Pharmaceuticals, Inc. - Common Stock $83,000,000 1.94% 8,300,000 $16,122,000 Up ×2
DYN Dyne Therapeutics, Inc. - Common Stock $74,958,750 1.75% 3,375,000 $2,438,750 Down ×1
NKTR Nektar Therapeutics - Common Stock $69,810,000 1.63% 1,000,000 $49,304,250 Up ×1
GMED Globus Medical, Inc. Class A Common Stock $67,158,500 1.57% 850,000 $14,556,097 Up ×1
TARS Tarsus Pharmaceuticals, Inc. - Common Stock $66,087,000 1.54% 1,050,000 $52,057,000 Up ×1
IMTX Immatics N.V. - Ordinary Shares $62,552,750 1.46% 6,175,000 $1,790,750
TRVI Trevi Therapeutics, Inc. - Common Stock $57,815,000 1.35% 3,100,000 $31,968,607 Up ×1
IMCR Immunocore Holdings plc - American Depositary Shares $57,150,000 1.34% 1,800,000 $-26,271,070 Down ×1
RGEN Repligen Corporation - Common Stock $54,576,000 1.28% 400,000 $-54,407,500 Down ×1
BMY Bristol-Myers Squibb Company Common Stock $46,096,000 1.08% 800,000 $-14,554,000 Down ×1
QURE uniQure N.V. - Ordinary Shares $43,066,100 1.01% 935,000 $37,196,515 Up ×1
XENE Xenon Pharmaceuticals Inc. - Common Shares $42,252,000 0.99% 700,000 $5,041,815 Up ×2
DRUG Bright Minds Biosciences Inc. - common stock $38,259,000 0.89% 545,000 $2,334,483 Up ×1
MDGL Madrigal Pharmaceuticals, Inc. - Common Stock $34,901,750 0.82% 65,000 $18,429,196 Up ×1
ALC Alcon Inc. Ordinary Shares $33,550,000 0.78% 500,000 $-26,730,000 Down ×2
MYGN Myriad Genetics, Inc. - Common Stock $32,746,850 0.77% 5,735,000 $25,330,850 Up ×3
RAPP Rapport Therapeutics, Inc. - Common Stock $30,419,100 0.71% 730,000 $-14,520,505 Down ×1
CBIO Crescent Biopharma, Inc. - Common Stock $29,340,000 0.69% 1,630,000 $1,785,000 Up ×1
GEHC GE HealthCare Technologies Inc. - Common Stock $28,804,500 0.67% 450,000 $11,009,500 Up ×1
INSM Insmed Incorporated - Common Stock $26,655,000 0.62% 250,000
VKTX Viking Therapeutics, Inc. - Common Stock $26,526,800 0.62% 680,000 $-3,219,543 Down ×1
BBNX Beta Bionics, Inc. - Common Stock $25,072,000 0.59% 1,600,000 $2,912,590 Down ×1
REGN Regeneron Pharmaceuticals, Inc. - Common Stock $24,941,600 0.58% 40,000 $-5,964,000
SLDB Solid Biosciences Inc. - Common Stock $21,578,400 0.50% 2,160,000 $-14,421,600 Down ×2
ANRO Alto Neuroscience, Inc. Common Stock $20,716,150 0.48% 785,000 $-25,684,256 Down ×2
Unknown issuer (CUSIP: 337185102) $20,381,560 0.48% 1,013,000 Up ×1
LXEO Lexeo Therapeutics, Inc. - Common Stock $20,109,600 0.47% 4,320,000 $-5,576,900 Down ×1
SVRA Savara, Inc. - Common Stock $16,755,200 0.39% 2,720,000 $2,558,916 Up ×2
GLTO Galecto, Inc. - Common Stock $14,955,750 0.35% 575,000 $-584,250 Down ×1
SGP SpyGlass Pharma, Inc. - Common Stock $14,914,200 0.35% 670,000 $-2,361,552 Up ×1
TECX Tectonic Therapeutic, Inc. - Common Stock $14,609,375 0.34% 425,000 $4,470,895 Up ×1
AVTX Avalo Therapeutics, Inc. - Common Stock $14,322,000 0.33% 775,000 Up ×1
EVMN Evommune, Inc. Common Stock $13,290,000 0.31% 1,000,000 Up ×1
Unknown issuer (CUSIP: 482931102) $12,667,250 0.30% 575,000 Up ×1
AVR Anteris Technologies Global Corp. - Common Stock $9,948,500 0.23% 1,010,000 $3,594,971 Down ×1
ZBIO Zenas BioPharma, Inc. - Common Stock $9,263,700 0.22% 365,000 $5,353,700 Up ×1
VYGR Voyager Therapeutics, Inc. - Common Stock $9,187,500 0.21% 2,625,000 $-2,403,833 Down ×1
OKUR OnKure Therapeutics, Inc. - Class A Common Stock $8,325,187 0.19% 1,825,699 $708,336 Down ×1
SRZN Surrozen, Inc. - Common Stock $7,906,161 0.18% 304,669 $-1,957,577 Down ×1
MNPR Monopar Therapeutics Inc. - Common Stock $7,011,563 0.16% 75,727 $3,427,311 Up ×1
ZURA Zura Bio Limited - Class A Ordinary shares $6,926,340 0.16% 1,173,956 $3,885,890 Up ×1
OLMA Olema Pharmaceuticals, Inc. - Common Stock $5,236,073 0.12% 418,551 $-1,153,622 Down ×2
PALI Palisade Bio, Inc. - Common Stock $5,225,000 0.12% 2,500,000 $850,000
IBIO iBio, Inc. - Common Stock $4,550,000 0.11% 2,600,000 Up ×1
SGMT Sagimet Biosciences Inc. - Series A Common Stock $4,139,044 0.10% 535,452 Up ×1
Unknown issuer (CUSIP: 29286X101) $2,884,654 0.07% 1,667,430 Up ×1
RZLT Rezolute, Inc. - Common Stock (NV) $1,991,595 0.05% 382,999
NYXH Nyxoah SA - Ordinary Shares $1,425,449 0.03% 843,461 $-1,111,041 Down ×6
TENX Tenax Therapeutics, Inc. - Common Stock $777,537 0.02% 53,439 $-76,953
APRE Aprea Therapeutics, Inc. - Common Stock $280,805 0.01% 350,000 $13,790

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
BMRN $344,750,500 8.06% up ×4
NRIX $195,293,000 4.56% up ×6
TSHA $132,216,150 3.09% up ×4
MYGN $32,746,850 0.77% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
ABT $127,036,000 1,400,000 2.97%
Unknown issuer (CUSIP: K08588103) $100,020,000 375,000 2.34%
INSM $26,655,000 250,000 0.62%
Unknown issuer (CUSIP: 337185102) $20,381,560 1,013,000 0.48%
AVTX $14,322,000 775,000 0.33%
EVMN $13,290,000 1,000,000 0.31%
Unknown issuer (CUSIP: 482931102) $12,667,250 575,000 0.30%
IBIO $4,550,000 2,600,000 0.11%
SGMT $4,139,044 535,452 0.10%
Unknown issuer (CUSIP: 29286X101) $2,884,654 1,667,430 0.07%
RZLT $1,991,595 382,999 0.05%

Top movers (QoQ)

Security Action Shares Δ Value Δ
NBIX Bought more +630K +$152.2M
RVMD Trimmed -1.9M -$146.7M
ABVX Bought more +849K +$146.1M
BMRN Bought more +2.5M +$142.8M
NRIX Bought more +1.6M +$94.5M
ELVN Bought more +750K +$75.6M
IRON Bought more +850K +$68.6M
AZN Bought more +350K +$65.6M
RGEN Trimmed -525K -$54.4M
TARS Bought more +850K +$52.1M

3 positions hidden (data completeness check)

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
QQQ March 31, 2026 350,000 $215,008,500
ACLX March 31, 2026 2,925,000 $190,710,000 No longer tracked
JAZZ March 31, 2025 975,000 $120,071,250 101.7%
APGE June 30, 2026 1,100,000 $92,587,000 1.6%
ASND June 30, 2026 375,000 $85,773,750 -3.3%
DXCM March 31, 2026 1,275,000 $84,621,750 42.4%
INSM June 30, 2025 1,075,000 $82,011,750 24.6%
MRK March 31, 2026 775,000 $81,576,500 26.1%
MRK March 31, 2025 800,000 $79,584,000 69.0%
FOLD Dec. 31, 2025 9,750,000 $76,830,000 No longer tracked
ABT March 31, 2026 600,000 $75,174,000 11.4%
IONS Dec. 31, 2025 1,075,000 $70,326,500 -24.3%
SRRK June 30, 2026 1,324,422 $65,108,586 0.2%
BDX Dec. 31, 2025 325,000 $60,830,250 23.7%
BMRN March 31, 2025 860,000 $56,527,800 -4.3%
VERA June 30, 2026 1,368,159 $55,041,037 -26.2%
TERN June 30, 2026 1,000,000 $52,720,000 No longer tracked
GEHC Sept. 30, 2025 700,000 $51,849,000 -1.4%
BSX June 30, 2026 800,000 $50,200,000 15.8%
NUVL June 30, 2026 481,715 $49,351,702 No longer tracked
JAZZ March 31, 2026 290,000 $49,300,000 32.4%
DAWN March 31, 2026 5,200,000 $48,464,000 No longer tracked
SLNO March 31, 2025 1,060,000 $47,647,000 No longer tracked
COGT June 30, 2026 1,230,888 $47,376,879 -6.6%
DNTH Dec. 31, 2025 1,180,000 $46,433,000 171.3%
CYTK Dec. 31, 2025 725,000 $39,846,000 21.9%
CLDX June 30, 2026 1,224,165 $38,830,514 9.1%
BIIB Dec. 31, 2025 275,000 $38,522,000 22.5%
AXSM March 31, 2026 210,000 $38,354,400 23.4%
CDTX Dec. 31, 2025 400,000 $38,304,000 No longer tracked
KALV June 30, 2026 1,850,000 $37,240,500 No longer tracked
SNY March 31, 2025 750,000 $36,172,500 -17.7%
ATXS Dec. 31, 2025 4,956,000 $36,079,680 No longer tracked
PTGX June 30, 2026 326,159 $34,377,159 23.9%
DNLI June 30, 2026 1,773,326 $34,047,859 -2.2%
GSK March 31, 2025 1,000,000 $33,820,000 33.6%
CRNX Dec. 31, 2025 750,000 $31,237,500 82.1%
AZN March 31, 2025 475,000 $31,122,000 125.2%
WAT June 30, 2026 100,000 $29,780,000 6.1%
DHR Dec. 31, 2025 150,000 $29,739,000 -6.5%
MDGL March 31, 2025 95,000 $29,314,150 56.7%
INSP June 30, 2026 539,269 $27,815,495 36.1%
MLTX Sept. 30, 2025 550,000 $25,960,000 121.2%
COO Sept. 30, 2025 350,000 $24,906,000 10.5%
GPCR Sept. 30, 2025 1,200,000 $24,888,000 81.6%
SLNO June 30, 2026 730,000 $24,440,400 No longer tracked
LNTH March 31, 2026 360,000 $23,958,000 32.2%
URGN June 30, 2025 2,152,957 $23,811,704 237.6%
EW Sept. 30, 2025 300,000 $23,463,000 14.9%
BLTE Dec. 31, 2025 312,500 $23,125,000 2.5%
ZYME March 31, 2026 865,000 $22,775,450 8.0%
RARE Dec. 31, 2025 750,000 $22,560,000 13.6%
COGT Sept. 30, 2025 3,080,000 $22,114,400 151.7%
IONS March 31, 2025 595,000 $20,801,200 98.5%
CYTK June 30, 2026 300,000 $19,773,000 -9.1%
UPB March 31, 2026 720,000 $19,548,000 -22.7%
WST June 30, 2026 75,000 $18,798,000 -1.7%
RARE June 30, 2025 500,000 $18,105,000 -28.2%
LQDA June 30, 2025 1,227,403 $18,104,194 462.0%
ESTA June 30, 2025 433,193 $17,676,440 67.2%
MDT Sept. 30, 2025 195,000 $16,998,150 -3.3%
VRNA June 30, 2025 267,627 $16,991,638 No longer tracked
PRGO Sept. 30, 2025 625,000 $16,700,000 -38.0%
WGS June 30, 2026 250,000 $16,055,000 18.5%
PEN March 31, 2026 50,000 $15,545,500 -1.3%
LEGN March 31, 2025 475,000 $15,456,500 -35.8%
AGIO June 30, 2026 450,000 $15,223,500 -8.9%
ROIV March 31, 2025 1,250,000 $14,787,500 266.8%
ENGN June 30, 2026 2,165,000 $14,743,650 3.8%
BRKR Dec. 31, 2025 440,000 $14,295,600 25.1%
REGN March 31, 2025 20,000 $14,246,600 32.1%
REGN Dec. 31, 2025 25,000 $14,056,750 8.5%
QURE Dec. 31, 2025 225,000 $13,133,250 106.6%
SRPT June 30, 2025 200,000 $12,764,000 14.4%
BHVN Dec. 31, 2025 701,700 $10,532,517 26.3%
TMO Sept. 30, 2025 25,000 $10,136,500 27.9%
A March 31, 2025 75,000 $10,075,500 33.7%
INSP Dec. 31, 2025 135,000 $10,017,000 -34.2%
ARVN June 30, 2026 905,465 $9,597,929 9.9%
APLT Dec. 31, 2025 14,250,000 $8,619,825 No longer tracked
MPLT June 30, 2026 420,000 $8,538,600 -68.7%
MNMD March 31, 2026 637,000 $8,529,430 No longer tracked
FULC June 30, 2026 1,100,000 $8,437,000 6.0%
ZLAB March 31, 2025 300,000 $7,857,000 -28.0%
CGON Dec. 31, 2025 175,000 $7,049,000 88.5%
TVRD Dec. 31, 2025 167,000 $6,507,990 -56.9%
VTYX Dec. 31, 2025 2,050,000 $6,375,500 No longer tracked
GILD March 31, 2026 50,000 $6,137,000 3.9%
NTLA March 31, 2025 525,000 $6,121,500 79.0%
IMVT June 30, 2025 350,000 $5,981,500 178.4%
DBVT March 31, 2026 300,000 $5,751,000 -30.5%
CADL June 30, 2026 1,125,000 $5,512,500 23.4%
GSK Dec. 31, 2025 125,000 $5,395,000 5.5%
ITOS June 30, 2025 900,000 $5,373,000 No longer tracked
TVTX Sept. 30, 2025 355,000 $5,254,000 171.9%
MIRM March 31, 2026 66,000 $5,213,340 5.4%
GLPG June 30, 2025 200,000 $5,024,000 No longer tracked
CMRX March 31, 2025 1,400,000 $4,872,000 No longer tracked
ZBH Sept. 30, 2025 50,000 $4,560,500 0.9%
LENZ March 31, 2026 275,000 $4,400,000 -47.8%
VCYT June 30, 2026 130,687 $4,209,428 -29.5%
EXAS Dec. 31, 2025 75,000 $4,103,250 No longer tracked
ESTA Dec. 31, 2025 100,000 $4,099,000 -2.0%
KOD Dec. 31, 2025 250,000 $4,092,500 43.5%
RZLT March 31, 2026 1,686,000 $3,978,960 60.8%
GERN June 30, 2026 2,540,000 $3,784,600 21.5%
KNSA June 30, 2025 169,864 $3,772,679 181.9%
NBIX Sept. 30, 2025 30,000 $3,770,700 9.7%
ARQT Dec. 31, 2025 200,000 $3,770,000 -13.5%
VERV March 31, 2025 645,000 $3,637,800 No longer tracked
RCUS Dec. 31, 2025 250,000 $3,400,000 26.2%
ALLO March 31, 2025 1,500,000 $3,195,000 44.9%
TMDX March 31, 2025 50,000 $3,117,500 37.0%
GLUE March 31, 2025 425,000 $2,949,500 221.4%
STRO March 31, 2026 243,000 $2,811,510 -12.6%
NVCR June 30, 2026 250,000 $2,725,000 14.9%
URGN June 30, 2026 139,079 $2,500,640 25.7%
GPCR March 31, 2026 35,000 $2,434,250 5.5%
PASG June 30, 2026 305,000 $2,394,250 -3.7%
ARCT June 30, 2025 211,790 $2,242,856 -9.8%
BDTX March 31, 2026 870,000 $2,114,100 5.9%
TYRA June 30, 2026 54,000 $2,068,200 -17.4%
BHC March 31, 2025 250,000 $2,015,000 4.9%
NGNE March 31, 2025 80,000 $1,828,800 228.3%
ACHL March 31, 2025 1,500,000 $1,710,000 No longer tracked
FATE March 31, 2026 1,725,000 $1,694,985 108.0%
VRDN Sept. 30, 2025 100,000 $1,398,000 14.1%
LUNG Dec. 31, 2025 830,000 $1,344,600 6.3%
ALEC March 31, 2026 755,000 $1,177,800 5.8%
RGNX June 30, 2026 108,525 $909,440 -8.3%
MGNX June 30, 2026 280,000 $809,200 -9.6%
ATRA Sept. 30, 2025 94,085 $726,336 -35.3%
ABSI June 30, 2026 232,219 $696,657 -17.5%
TRAW Dec. 31, 2025 150,000 $277,500 -53.9%
CNTA June 30, 2025 14,888 $214,089 No longer tracked