C

Caligan Partners LP

Hedge FundActivist

Caligan Partners LP is an Activist Hedge Fund based in New York, NY led by Tiffany Crowley, managing $720.7M across 16 long positions as of Q3 2025 with 83% Healthcare concentration, 93% concentrated in top 10 holdings, and 26% allocation to LQDA.

CFOTiffany Crowley
Portfolio Value
$720.7M
Positions
16
Top Holding
LQDA at 25.62%
Last Reported
Q3 2025
Address780 Third Avenue, 30th Floor, New York, NY, 10017, United States

Top Holdings

Largest long holdings in Caligan Partners LP's portfolio (93.5% of total portfolio)

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HoldingSectorPositionWeightTradedOwnership
Biotechnology
Healthcare
$184.6M
25.62%
9.43%
8.1M shares
2
ABVX
Abivax
ABVX
Unknown
Unknown
$123.3M
17.10%
-$18.9M
Sold
1.5M shares
Biotechnology
Healthcare
$105.1M
14.59%
+$28.6M
Bought
3.57%
2.8M shares
Biotechnology
Healthcare
$63.0M
8.74%
0.57%
1.5M shares
Biotechnology
Healthcare
$49.7M
6.90%
+$20.0M
Bought
0.57%
1.1M shares
Biotechnology
Healthcare
$45.4M
6.30%
+$2.4M
Bought
1.95%
1.1M shares
Biotechnology
Healthcare
$38.7M
5.36%
+$38.7M
Bought
1.10%
2.6M shares
8
Evolus logo
Evolus
EOLS
Drug Manufacturers - Specialty & Generic
Healthcare
$25.4M
3.53%
+$4.9M
Bought
6.40%
4.1M shares
Biotechnology
Healthcare
$20.4M
2.83%
-$41.4M
Sold
0.29%
217.0K shares
Biotechnology
Healthcare
$17.8M
2.48%
+$17.8M
New
0.58%
444.6K shares

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Caligan Partners LP's latest filing

See all changes
Market Value
$720.7M
Prior: $515.1M
Q/Q Change
+39.9%
+$205.5M
Net Flows % of MV
-16.63%
Turnover Ratio
24.81%
New Purchases
3 stocks
$36.4M
Added To
6 stocks
+$63.2M
Sold Out Of
4 stocks
$159.1M
Reduced Holdings
3 stocks
-$60.3M

Increased Positions

PositionShares Δ
New
New
New
+266.85%
+67.12%

Decreased Positions

PositionShares Δ
1
VRNA
Sold
Sold
Sold
Sold
-66.98%

Analytics

Portfolio insights and performance metrics for Caligan Partners LP

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Sector Allocation

Healthcare: 82.90%Healthcare
Healthcare
82.90%

Market Cap Distribution

Large Cap ($10B - $200B): 8.74%Large Cap ($10B - $200B)Mid Cap ($2B - $10B): 38.46%Mid Cap ($2B - $10B)Small Cap ($300M - $2B): 31.80%Small Cap ($300M - $2B)Micro Cap ($50M - $300M): 3.34%Nano Cap (< $50M): 0.55%N/A (ETF or Unknown): 17.10%N/A (ETF or Unknown)
Large Cap ($10B - $200B)
8.74%
Mid Cap ($2B - $10B)
38.46%
Small Cap ($300M - $2B)
31.80%
Micro Cap ($50M - $300M)
3.34%
Nano Cap (< $50M)
0.55%
N/A (ETF or Unknown)
17.10%

Portfolio Concentration

Top 10 Holdings %
93.45%
Top 20 Holdings %
100.0%
Top 50 Holdings %
100.0%
Top 100 Holdings %
100.0%

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