Logos Global Management LP

Fundamental concentrated ★Signal healthcare specialist (99%) CIK 1792126
League rank
#210
in Fundamental concentrated · #363 overall
Long book
$1.94B
Q1 2026
Positions
63
Top-10 weight
51%
concentration
Last quarter
+23.9%
SPY +14.8%
Turnover
33%
of book per quarter

Strategy in plain words

auto-generated from filings

Logos Global Management LP is a concentrated fundamental stock-picker, specialised in healthcare (99% of the long book), running a $1.94B US long book across 63 positions.

The portfolio is concentrated: the top 10 names carry 51% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: REVOLUTION MEDICINES INC, ERASCA INC, IDEAYA BIOSCIENCES INC, PRAXIS PRECISION MEDICINES I, CENTESSA PHARMACEUTICALS-ADR.

Over the last 9 quarters its long book ran on average 3.8pp per quarter ahead of the S&P 500, beating the index in 5 of 9 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
-12.8%
Q2 2024
+8.8%
Q3 2024
-11.7%
Q4 2024
-28.9%
Q1 2025
+7.2%
Q2 2025
+30.6%
Q3 2025
+40.5%
Q4 2025
+17.0%
Q1 2026
+23.9%

Sector allocation

Healthcare
94%
Other
5%
Materials
1%

Long book by quarter

$950.2M
Q1 2024
$1.72B
Q2 2024
$892.7M
Q3 2024
$854.6M
Q4 2024
$562.5M
Q1 2025
$748.6M
Q2 2025
$1.01B
Q3 2025
$1.50B
Q4 2025
$1.94B
Q1 2026

What does Logos Global own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
RVMD REVOLUTION MEDICINES INCHealthcare2.0M$194.5M10.0%Held
ERAS ERASCA INCHealthcare11.2M$180.4M9.3%-14.2%
IDYA IDEAYA BIOSCIENCES INCHealthcare3.5M$115.0M5.9%+10.4%
PRAX PRAXIS PRECISION MEDICINES IHealthcare285.0K$91.8M4.7%-24.0%
430 TERNS PHARMACEUTICALS INC1.5M$79.1M4.1%+100.0%
TNGX TANGO THERAPEUTICS INCHealthcare3.0M$62.8M3.2%-28.6%
CYTK CYTOKINETICS INCHealthcare875.0K$57.7M3.0%+191.7%
OLMA OLEMA PHARMACEUTICALS INCHealthcare3.2M$47.8M2.5%Held
UTHR UNITED THERAPEUTICS CORPHealthcare80.0K$47.4M2.4%New
MDGL MADRIGAL PHARMACEUTICALS INCHealthcare85.0K$44.5M2.3%New
RYTM RHYTHM PHARMACEUTICALS INCHealthcare450.0K$39.1M2.0%+136.8%
CGON CG ONCOLOGY INCHealthcare575.0K$38.9M2.0%+187.5%
MAZE MAZE THERAPEUTICS INCHealthcare1.2M$36.9M1.9%+30.0%
BIIB BIOGEN INCHealthcare200.0K$36.7M1.9%Held
IRON DISC MEDICINE INCHealthcare560.0K$35.8M1.8%+9.8%
DNTH DIANTHUS THERAPEUTICS INCHealthcare400.0K$33.6M1.7%+27.0%
OCUL OCULAR THERAPEUTIX INCHealthcare3.9M$32.6M1.7%+10.0%
TYRA TYRA BIOSCIENCES INCHealthcare850.0K$32.6M1.7%+304.8%
TRVI TREVI THERAPEUTICS INCHealthcare2.4M$28.6M1.5%+54.8%
MLTX MOONLAKE IMMUNOTHERAPEUTICSHealthcare1.5M$28.0M1.4%-14.3%
IMVT IMMUNOVANT INCHealthcare1.1M$26.7M1.4%-21.8%
XENE XENON PHARMACEUTICALS INCHealthcare450.0K$26.2M1.3%New
RCUS ARCUS BIOSCIENCES INCHealthcare1.2M$25.9M1.3%New
DYN DYNE THERAPEUTICS INCHealthcare1.4M$25.4M1.3%+12.0%
LBRX LB PHARMACEUTICALS INCHealthcare915.0K$22.6M1.2%-23.8%
ELVN ENLIVEN THERAPEUTICS INCHealthcare540.0K$21.2M1.1%+58.8%
DSGN DESIGN THERAPEUTICS INCHealthcare1.9M$20.7M1.1%-22.0%
NERV MINERVA NEUROSCIENCES INCHealthcare3.2M$19.4M1.0%-2.9%
NAMS NEWAMSTERDAM PHARMA CO NVHealthcare600.0K$19.2M1.0%+33.3%
MIRM MIRUM PHARMACEUTICALS INCHealthcare200.0K$18.5M1.0%-11.1%
PCVX VAXCYTE INCHealthcare300.0K$17.4M0.9%-53.8%
ACAD ACADIA PHARMACEUTICALS INCHealthcare750.0K$16.7M0.9%-11.8%
CMPX COMPASS THERAPEUTICS INCHealthcare3.1M$16.7M0.9%+173.9%
CLDX CELLDEX THERAPEUTICS INCMaterials450.0K$14.3M0.7%+28.6%
JANX JANUX THERAPEUTICS INCHealthcare1.0M$13.9M0.7%Held
VOR VOR BIOPHARMA INCHealthcare750.0K$13.4M0.7%+650.0%
ALKS ALKERMES PLCHealthcare350.0K$12.4M0.6%New
ORIC ORIC PHARMACEUTICALS INCHealthcare950.0K$12.0M0.6%+111.1%
IMMX IMMIX BIOPHARMA INCHealthcare1.2M$11.2M0.6%+22.5%
TENX TENAX THERAPEUTICS INCHealthcare625.0K$10.0M0.5%New
AMLX AMYLYX PHARMACEUTICALS INCHealthcare700.0K$9.7M0.5%-26.3%
CBIO CRESCENT BIOPHARMA INCHealthcare482.5K$8.9M0.5%-19.6%
SLNOEUR SOLENO THERAPEUTICS INC250.0K$8.4M0.4%-16.7%
AVBP ARRIVENT BIOPHARMA INCHealthcare350.0K$8.1M0.4%New
RLAY RELAY THERAPEUTICS INCHealthcare750.0K$7.5M0.4%New
CRVS CORVUS PHARMACEUTICALS INCHealthcare450.0K$6.6M0.3%-10.0%
MGTX MEIRAGTX HOLDINGS PLCHealthcare700.0K$6.1M0.3%New
JBIO JADE BIOSCIENCES INCHealthcare400.0K$5.6M0.3%+1.3%
VSTM VERASTEM INCHealthcare1.0M$5.3M0.3%-41.2%
AVTX AVALO THERAPEUTICS INCHealthcare300.0K$4.5M0.2%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202666$2.00B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202669$1.65B canonicalSEC ↗
Q3 202513F-HRNov 14, 202559$1.12B canonicalSEC ↗
Q2 202513F-HRAug 14, 202551$903.8M canonicalSEC ↗
Q1 202513F-HRMay 15, 202539$562.5M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202547$854.6M canonicalSEC ↗
Q3 202413F-HRNov 14, 202455$926.8M canonicalSEC ↗
Q2 202413F-HR/ANEW HOLDINGSAug 27, 202457$1.24B canonicalSEC ↗
Q2 202413F-HRAug 14, 202454$1.23B canonicalSEC ↗
Q1 202413F-HRMay 15, 202457$1.24B canonicalSEC ↗