Arkolith/Funds/Stempoint Capital LP

Stempoint Capital LP

CIK 1952142
Holdings as of Jun 30, 2026·disclosed Aug 14, 2026·~45-day 13F lag·13F-HR
Active Filer

Stempoint Capital LP holds a diversified book of 73 reported positions worth $577.9M as of Q2 2026 (disclosed Aug 14, 2026, a ~45-day 13F lag). This quarter First Tracks Biotherapeutics first appears in 13F filings (one of 2 new listings in the book), a listing rather than a purchase; they opened Kiniksa Pharmaceuticals Inte and trimmed Abivax Sa-ADR. Their largest long position is Tango Therapeutics Inc at 7% of the reported non-option book. They also disclosed $748K in put options (a bearish bet) and $1.9M in call options (bullish), shown separately below and excluded from the non-option book. Cloning the disclosed picks since 2024 would be +24% (+8.7%/yr). That is a simulation of the disclosed long book, not audited returns.

Changes below are measured against Q4 2025, not the immediately-prior quarter: that filing was amended and its restated book is still being processed, so diffing against it would compare this book to an incomplete one.
Opened
23
bought for the first time
+20 more · largest first
2 newly reportable · first quarter we see the security in 13F filings, a listing not a purchase

Growth of $10,000: cloning the disclosed book

If you'd copied them
+24.3%
+8.7%/yr · since Feb '24
Their reported book
+48.3%
held from quarter-end
S&P 500
+57.5%
same window
$6K$8K$11K$13K$16KFeb '24Aug '24Mar '25Sep '25Mar '26Sep '26
Stempoint Capital LP (copied at disclosure) S&P 500

The reported book (valued from quarter-end) returned +48.3%, a 24.0-point gap that is the cost of the ~45-day 13F disclosure lag a real follower can't avoid.

Growth of $10,000 cloning Stempoint Capital LP's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~45 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
27%
Top 10 holdings
41%
Top 20 holdings
62%

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

99% mapped to company sectors

Health Care
99%
No sector on file yet
1%

+1 sector below the cut, under 0.5% together

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 Stempoint Capital LP

Manager / fundShared namesTheir $ in those
Patient Square Capital LP11 / 73$455.8M
Avidity Partners Management LP7 / 73$415.9M
Commodore Capital LP20 / 73$1.1B
TCG Crossover Management, LLC20 / 73$2.7B
Boxer Capital Management, LLC19 / 73$849.8M
First Turn Management, LLC16 / 73$568.2M
Cormorant Asset Management, LP24 / 73$1.2B
Spruce Street Capital LP13 / 73$293.2M

Ranked by the share of each fund's own book sitting in the names it shares with Stempoint Capital LP: 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.

73 positions
#SecurityValueShares% PortLast moveHistory
1Tango Therapeutics Inc
COM
$38.2M1.22M
6.6%
New
New position
2Abivax Sa
SPONSORED ADS
$37.8M283.7K
6.5%
−28%
Reduced · −108K sh
3Revolution Medicines Inc
COM
$30.0M159.9K
5.2%
+158%
Added · +98K sh
4Erasca Inc
COM
$28.7M1.57M
5.0%
New
New position
5Tyra Biosciences Inc
COM
$20.2M632.8K
3.5%
New
New position
6Dianthus Therapeutics Inc
COM
$19.6M200.9K
3.4%
+153%
Added · +122K sh
7Enliven Therapeutics Inc
COM
$17.6M346.9K
3.0%
New
New position
8Mineralys Therapeutics Inc
COM
$16.3M602.7K
2.8%
+108%
Added · +313K sh
9Biohaven Ltd
COM
$15.8M1.06M
2.7%
New
New position
10Surrozen Inc
COM NEW
$13.8M602.8K
2.4%
−2.7%
Reduced · −17K sh
11Kiniksa Pharmaceuticals Intl
ORD SHS CL A
$13.4M209.2K
2.3%
New
New position
12Scholar Rock Hldg Corp
COM
$13.2M239.1K
2.3%
−73%
Reduced · −648K sh
13Alkermes PLC
SHS
$13.0M248.0K
2.2%
New
New position
14First Tracks Biotherapeutics
ORD SHS
$12.5M622.7K
2.2%
Listed
Newly reportable
15Praxis Precision Medicines I
COM NEW
$12.5M37.2K
2.2%
+77%
Added · +16K sh
16Roivant Sciences Ltd
SHS
$12.3M348.4K
2.1%
−64%
Reduced · −618K sh
17Bioage Labs Inc
COM
$11.4M464.2K
2.0%
New
New position
18CG Oncology Inc
COM
$11.3M159.3K
2.0%
New
New position
19Oruka Therapeutics Inc
COM
$11.1M116.5K
1.9%
New
New position
20Immunovant Inc
COM
$10.7M276.5K
1.8%
−57%
Reduced · −368K sh
21Celcuity Inc
COM
$10.3M98.2K
1.8%
−17%
Reduced · −20K sh
22Relmada Therapeutics Inc
COM
$10.1M1.46M
1.7%
New
New position
23Climb Bio Inc
COM
$9.7M742.7K
1.7%
New
New position
24Spyre Therapeutics Inc
COM NEW
$9.5M106.9K
1.6%
+230%
Added · +75K sh
25Zura Bio Ltd
CLASS A ORD SHS
$8.1M1.37M
1.4%
New
New position
26Inflarx NV
COM
$7.2M3.23M
1.3%
New
New position
27Amylyx Pharmaceuticals Inc
COM
$6.9M384.3K
1.2%
−32%
Reduced · −181K sh
28Celldex Therapeutics Inc New
COM NEW
$6.6M178.4K
1.1%
New
New position
29Ovid Therapeutics Inc
COM
$6.5M2.42M
1.1%
New
New position
30Equillium Inc
COM
$6.5M2.02M
1.1%
New
New position
31Definium Therapeutics Inc
COM SHS
$6.5M137.1K
1.1%
New
New position
32Cytokinetics Inc
COM NEW
$6.4M75.6K
1.1%
−49%
Reduced · −71K sh
33Damora Therapeutics Inc
COM NEW
$5.6M216.2K
1.0%
New
New position
34Inventiva Sa
ADS
$5.4M1.43M
0.9%
+205%
Added · +959K sh
35Century Therapeutics Inc
COM
$5.3M2.15M
0.9%
New
New position
36Aura Biosciences Inc
COM
$5.1M714.3K
0.9%
New
New position
37Eyepoint Inc
COM NEW
$4.8M338.5K
0.8%
−4.3%
Reduced · −15K sh
38Assembly Biosciences Inc
COM NEW
$4.7M170.4K
0.8%
+8.7%
Added · +14K sh
39Whitehawk Therapeutics Inc
COM
$4.7M1.02M
0.8%
−30%
Reduced · −438K sh
40Xenon Pharmaceuticals Inc
COM
$4.6M76.1K
0.8%
−78%
Reduced · −273K sh
41Uniqure NV
SHS
$4.1M88.1K
0.7%
+103%
Added · +45K sh
42Compass Pathways PLC
SPONSORED ADS
$4.0M284.8K
0.7%
New
New position
43Avalyn Pharmaceuticals Inc
COM SHS
$3.9M118.0K
0.7%
Listed
Newly reportable
44Maplight Therapeutics Inc
COM
$3.8M106.9K
0.7%
+6.9%
Added · +7K sh
45Alumis Inc
COM
$3.8M135.7K
0.7%
New
New position
46Axsome Therapeutics Inc.
COM
$3.8M15.4K
0.7%
New
New position
47Monte Rosa Therapeutics Inc
COM
$3.7M153.5K
0.6%
+149%
Added · +92K sh
48Acadia Pharmaceuticals Inc
COM
$3.6M143.2K
0.6%
New
New position
49Solid Biosciences Inc
COM NEW
$3.6M358.8K
0.6%
New
New position
50Personalis Inc
COM
$3.3M247.8K
0.6%
New
New position
Showing 50 of 73 positions
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Largest options & derivatives disclosed

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

Put notional (bearish)$748K
Call notional (bullish)$1.9M
TypeUnderlyingNotional valueUnderlying shares
CALL · bullishPERSONALIS INCPSNL$811K470K
CALL · bullishBIOHAVEN LTDBHVN$525K500K
PUT · bearishSS SPDR S&P BIOTECH ETFXBI$400K250K
CALL · bullishASTRAZENECA PLCAZN$180K25K
CALL · bullishSS SPDR S&P BIOTECH ETFXBI$178K400K
CALL · bullishTANGO THERAPEUTICS INCTNGX$175K100K
PUT · bearishREVOLUTION MEDICINES INCRVMD$128K30K
PUT · bearishERASCA INCERAS$90K200K
PUT · bearishARK GENOMIC REVOLUTION ETFARKG$75K100K
PUT · bearishROIVANT SCIENCES LTDROIV$40K100K
PUT · bearishAMGEN INCAMGN$15K15K

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

$583.2M · Q4 2025Q4 2023 · $374.8MQ2 2026 · $580.5M

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

QuarterAs ofFiledLagPositionsValueForm
Q2 2026Jun 30, 2026Aug 14, 202645d85$580.5M13F-HR
Q1 2026Mar 31, 2026May 18, 202648d84$522.3M13F-HR/A
Q4 2025Dec 31, 2025Feb 17, 202648d78$583.2M13F-HR
Q3 2025Sep 30, 2025Nov 14, 202545d90$499.1M13F-HR
Q2 2025Jun 30, 2025Aug 14, 202545d54$311.6M13F-HR
Q1 2025Mar 31, 2025May 15, 202545d62$313.7M13F-HR
Q4 2024Dec 31, 2024Feb 14, 202545d58$400.6M13F-HR
Q3 2024Sep 30, 2024Nov 13, 202444d58$334.0M13F-HR
Q2 2024Jun 30, 2024Aug 13, 202444d44$340.3M13F-HR/A
Q1 2024Mar 31, 2024Aug 9, 2024131d63$378.3M13F-HR/A
Q4 2023Dec 31, 2023Feb 13, 202444d70$374.8M13F-HR
Amended / restated
  • Q1 2026 · filed May 15, 202613F-HR · superseded
  • Q2 2024 · filed Aug 13, 202413F-HR · superseded
  • Q1 2024 · filed May 14, 202413F-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.