ALETHEA CAPITAL MANAGEMENT, LLC — 13F Holdings & Portfolio
CIK 1549408 · latest 13F-HR filed 2026-08-14
ALETHEA CAPITAL MANAGEMENT, LLC manages $241.4M in 13F-reported U.S. long-equity assets across 41 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AXSM (65.78%), BIL (12.32%), KURA (9.85%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 30 new positions and exited 2; 7 existing positions rose in reported value and 2 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 92.5%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Mar 31, 2026.
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| HSU, TONY Control | MANAGING MEMBER / CHIEF COMPLIANCE OFFICER since Mar 2011 | 75% or more | Individual |
| HSU, JENNIFER, LYNN | MEMBER since Mar 2011 | 10–25% | Individual |
Ownership & leadership changes · 6 filings with changes since Dec 9, 2011
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- ChangedHSU, TONY · title MANAGING MEMBER AND CCO → MANAGING MEMBER / CHIEF COMPLIANCE OFFICER
- No longer listedBUSER, STEPHEN, ANDREW · CHIEF COMPLIANCE OFFICER AND CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Dec 2015
- ChangedHSU, TONY · title MANAGING MEMBER → MANAGING MEMBER AND CCO
- No longer listedLAFATA, STEPHEN, MICHAEL · CHIEF COMPLIANCE OFFICER / CHIEF OPERATING OFFICER · Less than 5% · control person · listed since May 2011
- AddedBUSER, STEPHEN, ANDREW · CHIEF COMPLIANCE OFFICER AND CHIEF OPERATING OFFICER · Less than 5% · control person
- ChangedLAFATA, STEPHEN, MICHAEL · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER / CHIEF OPERATING OFFICER
- ChangedHSU, JENNIFER, LYNN · ownership Less than 5% → 10–25%
- No longer listedWONG, THEODORE, TIN SEK · CHIEF EXECUTIVE OFFICER · Less than 5% · control person · listed since Mar 2011
- ListedHSU, JENNIFER, LYNN · MEMBER · Less than 5%
- ListedHSU, TONY · MANAGING MEMBER · 75% or more · control person
- ListedLAFATA, STEPHEN, MICHAEL · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedWONG, THEODORE, TIN SEK · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- AXSOME THERAPEUTICS INC.$49.1M +44.7%
- KURA ONCOLOGY INC$11.3M +91.3%
- IMMUNEERING CORP$2.2M +1852.5%
- TEMPUS AI INC$401.1K +28.1%
- OPEN LENDING CORP$22.3K +148.8%
New Positions
- VIATRIS INC$1.2M
- PHILIP MORRIS INTL INC$1.2M
- AUTOMATIC DATA PROCESSING IN$1.2M
- WILLIAMS COS INC$1.1M
- DARDEN RESTAURANTS INC$1.1M
ALETHEA CAPITAL MANAGEMENT, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | AXSOME THERAPEUTICS INC. | AXSM | 05464T104 | $158.8M | 65.78% | 648,756 | SH |
| 2 | SPDR SERIES TRUST | BIL | 78468R663 | $29.7M | 12.32% | 324,526 | SH |
| 3 | KURA ONCOLOGY INC | KURA | 50127T109 | $23.8M | 9.85% | 2,167,938 | SH |
| 4 | IMMUNEERING CORP | IMRX | 45254E107 | $2.4M | 0.98% | 472,935 | SH |
| 5 | ISHARES TR | TLT | 464287432 | $1.8M | 0.76% | 21,276 | SH |
| 6 | TEMPUS AI INC | TEM | 88023B103 | $1.8M | 0.76% | 31,554 | SH |
| 7 | VIATRIS INC | VTRS | 92556V106 | $1.2M | 0.52% | 78,384 | SH |
| 8 | PHILIP MORRIS INTL INC | PM | 718172109 | $1.2M | 0.51% | 6,834 | SH |
| 9 | AUTOMATIC DATA PROCESSING IN | ADP | 053015103 | $1.2M | 0.51% | 5,502 | SH |
| 10 | WILLIAMS COS INC | WMB | 969457100 | $1.1M | 0.47% | 15,301 | SH |
| 11 | DARDEN RESTAURANTS INC | DRI | 237194105 | $1.1M | 0.46% | 5,424 | SH |
| 12 | BRISTOL-MYERS SQUIBB CO | BMY | 110122108 | $1.1M | 0.45% | 18,892 | SH |
| 13 | CONSOLIDATED EDISON INC | ED | 209115104 | $1.1M | 0.45% | 9,767 | SH |
| 14 | CHEVRON CORPORATION | CVX | 166764100 | $971.4K | 0.40% | 5,860 | SH |
| 15 | COMCAST CORP NEW | CMCSA | 20030N101 | $939.8K | 0.39% | 38,283 | SH |
| 16 | EVERSOURCE ENERGY | ES | 30040W108 | $933.4K | 0.39% | 12,915 | SH |
| 17 | WEYERHAEUSER CO | WY | 962166104 | $912.1K | 0.38% | 38,100 | SH |
| 18 | LOCKHEED MARTIN CORP | LMT | 539830109 | $905.8K | 0.38% | 1,778 | SH |
| 19 | AT&T INC | T | 00206R102 | $893.1K | 0.37% | 43,146 | SH |
| 20 | CONSTELLATION BRANDS INC | STZ | 21036P108 | $846.8K | 0.35% | 6,088 | SH |
| 21 | BROADRIDGE FINL SOLUTIONS IN | BR | 11133T103 | $839.8K | 0.35% | 6,132 | SH |
| 22 | PNC FINL SVCS GROUP INC | PNC | 693475105 | $801.2K | 0.33% | 3,254 | SH |
| 23 | HORMEL FOODS CORP | HRL | 440452100 | $703.5K | 0.29% | 28,344 | SH |
| 24 | EXXON MOBIL CORP | XOM | 30231G102 | $601.6K | 0.25% | 4,400 | SH |
| 25 | ATRIUM THERAPEUTICS INC | RNA | 04965N104 | $588.5K | 0.24% | 43,758 | SH |
| 26 | SYSCO CORP | SYY | 871829107 | $581.9K | 0.24% | 6,962 | SH |
| 27 | WELLS FARGO & CO | WFC | 949746101 | $498.3K | 0.21% | 6,030 | SH |
| 28 | ONEOK INC NEW | OKE | 682680103 | $464.3K | 0.19% | 5,340 | SH |
| 29 | BUNGE GLOBAL SA | BG | H11356104 | $429.9K | 0.18% | 4,028 | SH |
| 30 | WISDOMTREE TR | HEDJ | 97717X701 | $408.4K | 0.17% | 7,165 | SH |
| 31 | MOSAIC CO | MOS | 61945C103 | $395.7K | 0.16% | 18,672 | SH |
| 32 | HERSHEY CO | HSY | 427866108 | $353.7K | 0.15% | 2,016 | SH |
| 33 | EXPAND ENERGY CORPORATION | EXE | 165167735 | $330.9K | 0.14% | 3,629 | SH |
| 34 | AMERICAN WTR WKS CO INC NEW | AWK | 030420103 | $288.8K | 0.12% | 2,195 | SH |
| 35 | ENCORE CAP GROUP INC | ECPG | 292554102 | $256.5K | 0.11% | 2,750 | SH |
| 36 | MICROCHIP TECHNOLOGY INC. | MCHP | 595017104 | $251.3K | 0.10% | 2,756 | SH |
| 37 | ACCENTURE PLC IRELAND | ACN | G1151C101 | $234.1K | 0.10% | 1,881 | SH |
| 38 | SMUCKER J M CO | SJM | 832696405 | $219.9K | 0.09% | 1,955 | SH |
| 39 | GRAPHIC PACKAGING HLDG CO | GPK | 388689101 | $172.6K | 0.07% | 16,330 | SH |
| 40 | TREKOR METALS LTD | TGB | 89472Y107 | $68.8K | 0.03% | 10,000 | SH |
| 41 | OPEN LENDING CORP | OTEX | 68373J104 | $37.3K | 0.02% | 12,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $241.4M | 41 | 0001549408-26-000003 |
| 2026-03-31 | 2026-05-13 | $194.9M | 14 | 0001549408-26-000002 |
| 2025-12-31 | 2026-02-11 | $205.9M | 13 | 0001549408-26-000001 |
| 2025-09-30 | 2025-11-14 | $155.7M | 34 | 0001549408-25-000009 |
SAN DIEGO, CA 92130