DeepCurrents Investment Group LLC
Long book
$36.5M
Q1 2026
Positions
16
Top-10 weight
96%
concentration
Last quarter
+21.7%
SPY -4.4%
Turnover
81%
of book per quarter
Strategy in plain words
auto-generated from filingsDeepCurrents Investment Group LLC is a concentrated fundamental stock-picker, running a $36.5M US long book across 16 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: JAZZ PHARMACEUTICALS PLC, NEWS CORP - CLASS A, ISHARES MSCI EAFE ETF, IONIS PHARMACEUTICALS INC, CIRCLE INTERNET GROUP INC.
Over the last 8 quarters its long book ran on average 3.2pp per quarter ahead of the S&P 500, beating the index in 5 of 8 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.1%
Q2 2024
+2.6%
Q3 2024
-14.7%
Q4 2024
-3.6%
Q1 2025
+14.0%
Q2 2025
+24.7%
Q3 2025
+3.3%
Q4 2025
+21.7%
Sector allocation
Healthcare 53%
Other 30%
Financials 9%
Industrials 4%
Communications 3%
Energy 1%
Long book by quarter
What does DeepCurrents Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| JAZZ JAZZ PHARMACEUTICALS PLC | Healthcare | 71.6K | $13.5M | 37.1% | +1.6% |
| NWSA NEWS CORP - CLASS A | Other | 367.5K | $9.2M | 25.1% | +40.7% |
| IONS IONIS PHARMACEUTICALS INC | Healthcare | 27.4K | $2.1M | 5.6% | New |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 14.0K | $1.3M | 3.7% | New |
| ECHO ECHOSTAR CORP-A | Communications | 8.0K | $937K | 2.6% | New |
| MSTR STRATEGY INC | Financials | 6.4K | $794K | 2.2% | New |
| BA BOEING CO/THE | Industrials | 3.9K | $768K | 2.1% | -8.5% |
| DFDV DEFI DEVELOPMENT CORP | Financials | 152.3K | $501K | 1.4% | +29.9% |
| FDX FEDEX CORP | Industrials | 827 | $295K | 0.8% | New |
| CCL CARNIVAL CORP LTD | Industrials | 9.8K | $255K | 0.7% | New |
| SYRE SPYRE THERAPEUTICS INC | Healthcare | 4.7K | $239K | 0.7% | New |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 3.2K | $206K | 0.6% | -57.8% |
| ALLO ALLOGENE THERAPEUTICS INC | Healthcare | 64.0K | $156K | 0.4% | New |
| OMER OMEROS CORP | Healthcare | 12.1K | $128K | 0.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 267 | $3.12B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 273 | $3.05B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 288 | $3.90B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 313 | $3.00B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 346 | $3.26B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 314 | $3.18B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 321 | $3.32B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 264 | $2.54B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 312 | $2.60B | canonical | SEC ↗ |
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