Arkolith/Funds/Affinity Asset Advisors, LLC

Affinity Asset Advisors, LLC

CIK 1773195
Holdings as of Mar 31, 2026·disclosed May 14, 2026·~44-day 13F lag·One quarter behind·13F-HR
Inactive

Affinity Asset Advisors, LLC holds a diversified book of 95 reported positions worth $1.7B as of Q1 2026 (disclosed May 14, 2026, a ~44-day 13F lag). This quarter Helix Acquisition Corp-CL A first appears in 13F filings (one of 4 new listings in the book), a listing rather than a purchase; they opened Enliven Therapeutics Inc and trimmed Spyre Therapeutics Inc. Their largest long position is Apogee Therapeutics Inc at 6% of the reported non-option book. They also disclosed $149.4M in put options (a bearish bet) and $81.9M in call options (bullish), shown separately below and excluded from the non-option book. Cloning the disclosed picks since 2021 would be +48% (+7.2%/yr). That is a simulation of the disclosed long book, not audited returns.

Opened
16
bought for the first time
+13 more · largest first
4 newly reportable · first quarter we see the security in 13F filings, a listing not a purchase
Sold out
10
exited the position entirely
+7 more · largest first, by prior value

Growth of $10,000: cloning the disclosed book

If you'd copied them
+47.5%
+7.2%/yr · since Feb '21
Their reported book
+35.4%
held from quarter-end
S&P 500
+109.1%
same window
$4K$8K$13K$17K$21KFeb '21Mar '22May '23Jun '24Aug '25Sep '26
Affinity Asset Advisors, LLC (copied at disclosure) S&P 500

Following at the filing date actually beat the quarter-end book by 12.2 points over this window.

Growth of $10,000 cloning Affinity Asset Advisors, LLC's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~44 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

How much sits in the biggest positions

Top-heavy: diversified book

Top 5 holdings
26%
Top 10 holdings
42%
Top 20 holdings
63%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Where the money is, by sector

92% mapped to company sectors

Health Care
92%
No sector on file yet
8%
Financials
1%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis

Bought
Trimmed / exited
Newly reportable· first quarter we see the security in 13F filings · position value, not a trade

Funds with the most overlap

Other tracked managers holding the same core names as Affinity Asset Advisors, LLC

Manager / fundShared namesTheir $ in those
Fairmount Funds Management LLC8 / 80$1.4B
Venrock Adviser, LLC15 / 80$2.7B
Paradigm Biocapital Advisors LP13 / 80$3.6B
Patient Square Capital LP8 / 80$431.0M
Commodore Capital LP14 / 80$1.1B
First Turn Management, LLC17 / 80$583.5M
Avidity Partners Management LP10 / 80$381.7M
Artia Global Partners LP19 / 80$316.9M

Ranked by the share of each fund's own book sitting in the names it shares with Affinity Asset Advisors, LLC: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.

Holdings: largest first

Bars show each position's share of the portfolio. Click a row for its position history.

95 positions
#SecurityValueShares% PortLast moveHistory
1Apogee Therapeutics Inc
COM
$108.2M1.28M
6.3%
+4.0%
Added · +50K sh
2Xenon Pharmaceuticals Inc
COM
$97.4M1.68M
5.7%
+34%
Added · +425K sh
3Erasca Inc
COM
$86.6M5.35M
5.1%
+37%
Added · +1.4M sh
4Insmed Inc
COM PAR $.01
$78.5M480.0K
4.6%
+6.7%
Added · +30K sh
5Roivant Sciences Ltd
SHS
$77.6M2.80M
4.5%
+65%
Added · +1.1M sh
6Spyre Therapeutics Inc
COM NEW
$64.5M1.28M
3.8%
−11%
Reduced · −153K sh
7Centessa Pharmaceuticals PLC
SPONSORED ADS
$55.6M1.40M
3.3%
+133%
Added · +799K sh
8Praxis Precision Medicines I
COM NEW
$54.8M170.0K
3.2%
−8.1%
Reduced · −15K sh
9Anaptysbio Inc
COM
$52.1M940.0K
3.1%
+111%
Added · +495K sh
10Alkermes PLC
SHS
$47.7M1.35M
2.8%
+35%
Added · +350K sh
11Cytokinetics Inc
COM NEW
$46.2M700.5K
2.7%
−12%
Reduced · −100K sh
12Abivax Sa
SPONSORED ADS
$45.1M405.0K
2.6%
−20%
Reduced · −100K sh
13Teva Pharmaceutical Inds Ltd
SPONSORED ADS
$42.2M1.40M
2.5%
Held
14Arcellx Inc
COMMON STOCK
$41.7M362.8K
2.4%
−31%
Reduced · −161K sh
15Nuvalent Inc
COM
$30.7M300.0K
1.8%
−7.0%
Reduced · −23K sh
16Terns Pharmaceuticals Inc
COM
$29.7M562.6K
1.7%
+2.3%
Added · +13K sh
17Dianthus Therapeutics Inc
COM
$29.4M350.0K
1.7%
+204%
Added · +235K sh
18Lexeo Therapeutics Inc
COM
$29.0M5.05M
1.7%
+58%
Added · +1.9M sh
19Cogent Biosciences Inc
COM
$28.9M750.0K
1.7%
+114%
Added · +400K sh
20Madrigal Pharmaceuticals Inc
COM
$28.8M55.0K
1.7%
+77%
Added · +24K sh
21Sutro Biopharma Inc
COM SHS
$26.6M1.07M
1.6%
+43%
Added · +321K sh
22Forte Biosciences Inc
COM NEW
$26.2M1.01M
1.5%
+2.3%
Added · +22K sh
23Oruka Therapeutics Inc
COM
$24.5M499.7K
1.4%
−38%
Reduced · −303K sh
24Trevi Therapeutics Inc
COM
$23.9M2.00M
1.4%
−7.0%
Reduced · −150K sh
25Ovid Therapeutics Inc
COM
$23.6M10.64M
1.4%
+49%
Added · +3.5M sh
26Enliven Therapeutics Inc
COM
$23.0M586.9K
1.3%
New
New position
27Ascendis Pharma A/s
SPONSORED ADR
$21.7M95.0K
1.3%
+217%
Added · +65K sh
28Mineralys Therapeutics Inc
COM
$20.3M750.0K
1.2%
+2.7%
Added · +20K sh
29Avalo Therapeutics Inc
COM NEW
$20.0M1.34M
1.2%
+28%
Added · +290K sh
30Protagonist Therapeutics Inc
COM
$18.1M172.1K
1.1%
Held
31Celldex Therapeutics Inc New
COM NEW
$15.9M500.0K
0.9%
+43%
Added · +150K sh
32Zura Bio Ltd
CLASS A ORD SHS
$15.3M2.56M
0.9%
+41%
Added · +751K sh
33Nurix Therapeutics Inc
COM
$15.0M967.6K
0.9%
Held
34Savara Inc
COM
$13.7M2.51M
0.8%
−10%
Reduced · −285K sh
35Omeros Corp
NOTE 9.500% 6/1
$13.2M6.53M
0.8%
Held
36Perspective Therapeutics Inc
COM NEW
$13.2M3.16M
0.8%
11×
Added · +2.9M sh
37Helix Acquisition Corp III
USD CL A ORD SHS
$12.7M1.25M
0.7%
Listed
Newly reportable
38Arrowhead Pharmaceuticals In
COM
$12.5M200.0K
0.7%
+186%
Added · +130K sh
39Damora Therapeutics Inc
COM NEW
$11.7M450.0K
0.7%
New
New position
40Eupraxia Pharmaceuticals Inc
COM
$11.5M1.59M
0.7%
+430%
Added · +1.3M sh
41Alto Neuroscience Inc
COM SHS
$11.2M500.0K
0.7%
New
New position
42Bridgebio Pharma Inc
COM
$11.1M150.0K
0.7%
−53%
Reduced · −170K sh
43Cullinan Therapeutics Inc
COM
$11.1M781.3K
0.7%
−60%
Reduced · −1.2M sh
44Belite Bio Inc
SPONSORED ADS
$10.4M65.0K
0.6%
+225%
Added · +45K sh
45Wave Life Sciences Ltd
SHS
$10.2M1.40M
0.6%
−48%
Reduced · −1.3M sh
46Vera Therapeutics Inc
CL A
$10.1M250.0K
0.6%
Held
47Tyra Biosciences Inc
COM
$9.9M257.5K
0.6%
New
New position
48Revolution Medicines Inc
COM
$9.7M100.0K
0.6%
Held
49Jade Biosciences Inc
COM NEW
$9.0M640.0K
0.5%
−10%
Reduced · −75K sh
50Travere Therapeutics Inc
COM
$8.9M300.0K
0.5%
Held
Showing 50 of 95 positions
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Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Put notional (bearish)$149.4M
Call notional (bullish)$81.9M
TypeUnderlyingNotional valueUnderlying shares
PUT · bearishSS SPDR S&P 500 ETF TRUST-USSPY$130.1M200K
CALL · bullishMODERNA INCMRNA$40.6M800K
CALL · bullishBRISTOL-MYERS SQUIBB COBMY$18.2M300K
PUT · bearishREVOLUTION MEDICINES INCRVMD$9.7M100K
PUT · bearishIMMUNITYBIO INCIBRX$9.6M1.3M
CALL · bullishNOVO-NORDISK A/S-SPONS ADRNVO$6.4M175K
CALL · bullishUNIQURE NVQURE$4.9M300K
CALL · bullishDIANTHUS THERAPEUTICS INCDNTH$4.2M50K
CALL · bullishCG ONCOLOGY INCCGON$4.1M60K
CALL · bullishCELCUITY INCCELC$3.4M30K

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the non-option book, weighting, concentration and sector figures above.

Filing history

As-of date vs the date the SEC received each filing

$1.9B · Q1 2026Q4 2020 · $188.7MQ1 2026 · $1.9B

Reported 13F total per quarter. Raw filing totals can include option notional.

QuarterAs ofFiledLagPositionsValueForm
Q1 2026Mar 31, 2026May 14, 202644d105$1.9B13F-HR
Q4 2025Dec 31, 2025Feb 13, 202644d95$1.8B13F-HR
Q3 2025Sep 30, 2025Nov 13, 202544d96$1.1B13F-HR
Q2 2025Jun 30, 2025Aug 13, 202544d91$732.2M13F-HR
Q1 2025Mar 31, 2025May 14, 202544d98$1.0B13F-HR
Q4 2024Dec 31, 2024Feb 13, 202544d85$746.0M13F-HR
Q3 2024Sep 30, 2024Nov 13, 202444d86$732.8M13F-HR
Q2 2024Jun 30, 2024Aug 14, 202445d98$867.5M13F-HR
Q1 2024Mar 31, 2024May 14, 202444d95$807.8M13F-HR
Q4 2023Dec 31, 2023Feb 13, 202444d82$547.5M13F-HR
Q3 2023Sep 30, 2023Nov 14, 202345d81$355.5M13F-HR
Q2 2023Jun 30, 2023Aug 21, 202352d70$286.3M13F-HR/A
Q1 2023Mar 31, 2023May 15, 202345d74$303.0M13F-HR
Q4 2022Dec 31, 2022Feb 13, 202344d63$255.0M13F-HR
Q3 2022Sep 30, 2022Nov 14, 202245d64$358.3M13F-HR
Q2 2022Jun 30, 2022Aug 12, 202243d54$237.2M13F-HR
Q1 2022Mar 31, 2022May 13, 202243d59$625.0M13F-HR
Q4 2021Dec 31, 2021Feb 11, 202242d55$275.4M13F-HR
Q3 2021Sep 30, 2021Nov 12, 202143d73$396.0M13F-HR
Q2 2021Jun 30, 2021Aug 13, 202144d69$279.3M13F-HR
Q1 2021Mar 31, 2021May 14, 202144d72$294.5M13F-HR
Q4 2020Dec 31, 2020Feb 12, 202143d62$188.7M13F-HR
Amended / restated
  • Q2 2023 · filed Aug 14, 202313F-HR · superseded

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.