Ishara Investments LP — 13F Holdings & Portfolio

CIK 2111609 · latest 13F-HR filed 2026-05-15

Ishara Investments LP manages $105.6M in 13F-reported U.S. long-equity assets across 37 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are PRAX (6.88%), AXSM (6.56%), PRAX (6.25%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 17 new positions, exited 18, added to 8, and trimmed 7.

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.

Loading holdings…
AUM

$105.6M

Long-equity book

Holdings

37

Distinct positions

Period

2026-03-31

Filed 2026-05-15

Q/Q Activity

+17 / −18 / ↑8 / ↓7

vs 2025-12-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • ULTRAGENYX PHARMACEUTICAL IN$2.5M +217.4%
  • VERASTEM INC$2.3M +108.5%
  • ZENTALIS PHARMACEUTICALS INC$1.1M +61.5%
  • VAXCYTE INC$1.0M +44.6%
  • IMMATICS N.V$672.9K +80.1%
Show all 8

Top Trims

  • PRAXIS PRECISION MEDICINES I-$4.5M -38.4%
  • ANNEXON INC-$2.8M -74.4%
  • PTC THERAPEUTICS INC-$2.0M -74.5%
  • ACADIA PHARMACEUTICALS INC-$1.5M -35.9%
  • BIOMARIN PHARMACEUTICAL INC-$1.3M -22.1%
Show all 7

New Positions

  • AXSOME THERAPEUTICS INC.$6.9M
  • KALVISTA PHARMACEUTICALS INC$5.6M
  • ARROWHEAD PHARMACEUTICALS IN$3.5M
  • VERA THERAPEUTICS INC$3.3M
  • TRAVERE THERAPEUTICS INC$3.3M
Show all 17

Exited Positions

  • NUVATION BIO INC$3.6M
  • BRIDGEBIO PHARMA INC$2.8M
  • UNITED THERAPEUTICS CORP DEL$2.7M
  • BIOCRYST PHARMACEUTICALS INC$2.3M
  • SYNDAX PHARMACEUTICALS INC$2.1M
Show all 18
All Holdings

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 PRAXIS PRECISION MEDICINES I PRAX 74006W207 $7.3M 6.88% 22,550 SH
2 AXSOME THERAPEUTICS INC. AXSM 05464T104 $6.9M 6.56% 41,000 SH
3 PRAXIS PRECISION MEDICINES I Put PRAX 74006W207 $6.6M 6.25% 20,500 SH
4 XERIS BIOPHARMA HOLDINGS INC XERS 98422E103 $5.9M 5.63% 1,025,000 SH
5 KALVISTA PHARMACEUTICALS INC KALV 483497103 $5.6M 5.27% 276,750 SH
6 AMICUS THERAPEUTIC FOLD 03152W109 $5.3M 5.05% 369,000 SH
7 BIOMARIN PHARMACEUTICAL INC BMRN 09061G101 $4.6M 4.39% 82,000 SH
8 VERASTEM INC VSTM 92337C203 $4.3M 4.11% 820,000 SH
9 ULTRAGENYX PHARMACEUTICAL IN RARE 90400D108 $3.7M 3.46% 174,250 SH
10 ARROWHEAD PHARMACEUTICALS IN ARWR 04280A100 $3.5M 3.29% 55,350 SH
11 VAXCYTE INC PCVX 92243G108 $3.3M 3.16% 57,400 SH
12 VERA THERAPEUTICS INC VERA 92337R101 $3.3M 3.12% 82,000 SH
13 TRAVERE THERAPEUTICS INC TVTX 89422G107 $3.3M 3.11% 110,700 SH
14 MOONLAKE IMMUNOTHERAPEUTICS MLTX 61559X104 $3.2M 3.08% 174,250 SH
15 ZENTALIS PHARMACEUTICALS INC ZNTL 98943L107 $2.9M 2.72% 1,230,000 SH
16 SCHOLAR ROCK HLDG CORP SRRK 80706P103 $2.8M 2.67% 57,400 SH
17 ACADIA PHARMACEUTICALS INC ACAD 004225108 $2.7M 2.59% 123,000 SH
18 ARDELYX INC ARDX 039697107 $2.7M 2.56% 451,000 SH
19 MINERALYS THERAPEUTICS INC MLYS 603170101 $2.2M 2.10% 82,000 SH
20 GENMAB A/S GMAB 372303206 $2.2M 2.08% 82,000 SH
21 DBV TECHNOLOGIES S A DBVT 23306J309 $2.1M 2.03% 102,500 SH
22 CATALYST PHARMACEUTICALS INC CPRX 14888U101 $2.0M 1.92% 82,000 SH
23 SIONNA THERAPEUTICS INC SION 829401108 $2.0M 1.87% 49,200 SH
24 CONTINEUM THERAPEUTICS INC CTNM 21217B100 $1.9M 1.76% 142,000 SH
25 ALNYLAM PHARMACEUTICALS INC ALNY 02043Q107 $1.7M 1.61% 5,125 SH
26 LIGAND PHARMACEUTICALS INC LGND 53220K504 $1.6M 1.55% 8,200 SH
27 EDGEWISE THERAPEUTICS INC EWTX 28036F105 $1.5M 1.47% 49,200 SH
28 IMMATICS N.V IMTX N44445109 $1.5M 1.43% 153,750 SH
29 LEXICON PHARMACEUTICALS INC LXRX 528872302 $1.4M 1.33% 902,000 SH
30 BEAM THERAPEUTICS INC BEAM 07373V105 $1.4M 1.29% 57,400 SH
31 ORIC PHARMACEUTICALS INC ORIC 68622P109 $1.3M 1.23% 102,500 SH
32 NEWAMSTERDAM PHARMA COMPANY NAMS N62509109 $1.2M 1.12% 36,900 SH
33 ANNEXON INC ANNX 03589W102 $965.3K 0.91% 174,250 SH
34 IDEAYA BIOSCIENCES INC IDYA 45166A102 $819.7K 0.78% 24,600 SH
35 SILENCE THERAPEUTICS PLC SLN 82686Q101 $740.4K 0.70% 140,500 SH
36 PTC THERAPEUTICS INC PTCT 69366J200 $698.3K 0.66% 10,250 SH
37 GOSSAMER BIO INC GOSS 38341P102 $269.4K 0.26% 820,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-03-31 2026-05-15 $105.6M 37 0002111609-26-000002
2025-12-31 2026-02-17 $87.5M 38 0002111609-26-000001