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Ikarian Capital 13F Holdings (Q2 2026)
According to its SEC 13F filed on Aug 14, 2026, Ikarian Capital reported 126 long positions worth $928M as of Jun 30, 2026. XBI is 5.1% of the portfolio and the top 10 holdings are 37%. Against Q1 2026 it opened 41 new positions, added to 23, trimmed 34 and exited 46. 20 holdings have a dated FDA decision or data readout in the next 90 days, and 47 more expect one in a stated window such as "H2 2026".
Catalysts ahead in this portfolio
Dated FDA decisions and data readouts for its holdings in the next 90 days, with our probability of approval
18 more with a subscription
Portfolio over time
13F value by quarter, Q1 2021 to Q2 2026
By company stage (share of value)
Holdings
Every position in the 13F, with the change since the fund's previous filing, how many of the 45 specialist funds also own it, and its next FDA catalyst. Option positions are labelled CALL or PUT.
| Stock | Company Name | Shares Held | Market Value | % of Portfolio | QoQ Change | Position Change | Also Held By | Stage | Next Catalyst |
|---|---|---|---|---|---|---|---|---|---|
 FBRX | FORTE BIOSCIENCES INC | 20.97 K | 445.65 K | 0 | Trimmed -82% | Clinical | None in 90 days | ||
 TRAX | FIRST TRACKS BIOTHERAPEUTICS | 42.77 K | 860.63 K | 0.1 | New | — | Nov 30, 2026 Phase 1b data presentation | ||
 STIM | NEURONETICS INC | 701.18 K | 911.54 K | 0.1 | Unchanged | Clinical | None in 90 days | ||
 QTTB | Q32 BIO INC | 430.00 K | 5.48 M | 0.6 | New | Clinical | None in 90 days | ||
QTTB | Q32 BIO INC (PUT option) | 200.00 K | 2.55 M | 0.3 | New | Clinical | None in 90 days | ||
 INM | INMED PHARMACEUTICALS INC | 245.03 K | 379.79 K | 0 | New | Clinical | None in 90 days |
Top 20 Holdings
Size = share of the portfolio. Option positions show CALL or PUT.
Who else owns these stocks?
All Stock Holdings ranks every biotech stock by how many of the 45 specialist funds own it, and whether that number rose or fell this quarter. Click "of 45 funds" on any row above, or open the full view.
Questions about Ikarian Capital's 13F
What does Ikarian Capital own?
126 stocks worth $928M at Jun 30, 2026, as reported in its 13F, led by XBI (5.1% of the portfolio). The full list is in the Holdings table above.
What did it buy and sell last quarter?
Against Q1 2026: 41 new positions, 23 increases, 34 reductions and 46 full exits, from its 13F filings.
How current is this data?
13F filings are due 45 days after each quarter ends, so they show positions at quarter end, not today. The next filing (Q3 2026) is due Nov 16, 2026.
Why are some positions labelled CALL or PUT?
Those are option positions (calls and puts). The 13F reports them as the shares underlying the option, with no strike or expiry, so they are listed apart from share positions.
Source: SEC EDGAR Form 13F-HR filed by Ikarian Capital, LLC, accession 0001420506-26-001820, filed Aug 14, 2026. Values as filed; option positions are shown at the value of the underlying shares and labelled CALL or PUT.