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Ikarian Capital, LLC

13F filer · CIK 1778253 · Dallas, TX

Summary
Ikarian Capital, LLC reported $928.17M across 156 positions in its 13F for 2026 Q2, filed Aug 14, 2026. The largest holdings are ABVX (4.7%), KOD (4.4%), ALMS (2.6%). Versus 2026 Q1, leaving options aside, it opened 27 new positions, added to 18, trimmed 29 and sold out of 28.
Reported value$928.17M
Positions156incl. options
Report period2026 Q2
FiledAug 14, 2026
New positions27
Added18
Trimmed29
Sold out28

Top 25 holdings

By reported value, options listed separately · change vs 2026 Q1

Weight 4.7%Value $43.35MPrice $98.50Shares 329K +470.20%Since Jun 30 -25.33%
Weight 4.4%Value $41.29MPrice $89.92Shares 1.06M -16.28%Since Jun 30 +130.80%
Weight 2.6%Value $24.50MPrice $7.29Shares 871K -28.26%Since Jun 30 -74.09%
Weight 2.6%Value $24.39MPrice $285.65Shares 73K +1.76%Since Jun 30 -14.68%
Weight 2.4%Value $22.59MPrice $58.27Shares 389K -9.33%Since Jun 30 +0.24%
Weight 2.4%Value $22.52MPrice $72.62Shares 272K +84.98%Since Jun 30 -12.27%
Weight 1.9%Value $17.80MPrice $31.49Shares 479K +3.74%Since Jun 30 -15.37%
Weight 1.7%Value $15.56MPrice $25.01Shares 505KSince Jun 30 -18.88%
Weight 1.6%Value $14.87MPrice $3.79Shares 2.15M -20.09%Since Jun 30 -45.23%
Weight 1.6%Value $14.55MPrice $8.57Shares 604K +14.43%Since Jun 30 -64.41%
Weight 1.5%Value $14.32MPrice $31.86Shares 370KSince Jun 30 -17.67%
Weight 1.4%Value $13.30MPrice $32.50Shares 310K +55.00%Since Jun 30 -24.26%
Weight 1.4%Value $13.24MPrice $12.73Shares 808KSince Jun 30 -22.33%
Weight 1.2%Value $11.46MPrice $1.85Shares 788K -22.60%Since Jun 30 -87.29%
Weight 1.2%Value $11.36MPrice $3.13Shares 2.43MSince Jun 30 -32.98%
Weight 1.2%Value $11.31MPrice $26.85Shares 379KSince Jun 30 -10.02%
Weight 1.2%Value $11.13MPrice $13.29Shares 748K +81.39%Since Jun 30 -10.69%
Weight 1.2%Value $10.80MPrice $1.08Shares 4.54M -15.77%Since Jun 30 -54.62%
Weight 1.2%Value $10.75MPrice $26.58Shares 407K -20.91%Since Jun 30 +0.72%
Weight 1.2%Value $10.68MPrice $31.91Shares 309K -36.56%Since Jun 30 -7.72%
Weight 1.0%Value $9.50MPrice $14.35Shares 427K -16.59%Since Jun 30 -35.42%
Weight 0.9%Value $8.73MPrice $20.75Shares 336KSince Jun 30 -20.22%
Weight 0.8%Value $7.81MPrice $20.57Shares 425KSince Jun 30 +11.98%
Weight 0.8%Value $7.25MPrice $21.25Shares 257KSince Jun 30 -24.81%
Weight 0.8%Value $7.19MPrice $4.10Shares 1.22M +2.09%Since Jun 30 -30.51%

Weight is the share of the reported 13F value, including options at notional value. “Since Jun 30” compares the latest close with the quarter-end price implied by the filing (value ÷ shares).

Largest buys in 2026 Q2

Largest sells in 2026 Q2

Options

Notional value, listed apart from stocks · top 10 of 30

XBIXBISPDR SERIES TRUSTPUT$47.48MTrim
ABVXABVXABIVAX SACALL$45.45MAdd
ABVXABVXABIVAX SAPUT$33.31MNew
MRNAMRNAMODERNA INCPUT$28.01MNew
NEWAMSTERDAM PHARMA COMPANYNo ticker matchPUT$13.56MNew
ALMSALMSALUMIS INCCALL$10.03MAdd

Source: SEC Form 13F, values as reported by the filer. Filings lag up to 45 days after quarter end and cover only certain long positions. Research only, not investment advice.

Original filing All 13F filings on EDGAR