Artal Group S.A. Portfolio Holdings

Q3 2025•2 long positions•$758.2M portfolio value

Holding2	Sector	Position↕	Traded↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 CAVA Group CAVA	Restaurants Consumer Cyclical	$574.4M 75.75%	—	8.2% 9.5M shares	—	—	$7.0B Mid Cap	Q2 2023 Held for 2y 5m
2 Lexicon Pharmaceuticals LXRX	Biotechnology Healthcare	$183.8M 24.25%	—	37.47% 136.2M shares	—	—	$490.6M Small Cap	≤ Q2 2013 Held for 12y 5m+

Holding2	Sector	Position↕	Traded↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 CAVA Group CAVA	Restaurants Consumer Cyclical	$574.4M 75.75%	—	8.2% 9.5M shares	—	—	$7.0B Mid Cap	Q2 2023 Held for 2y 5m
2 Lexicon Pharmaceuticals LXRX	Biotechnology Healthcare	$183.8M 24.25%	—	37.47% 136.2M shares	—	—	$490.6M Small Cap	≤ Q2 2013 Held for 12y 5m+

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