Lion Point Capital, LP

CIK 0001643354 · Q1 2026

13F Equity AUM

$16.7M

-13.4% QoQ

Positions

-4 QoQ

AUM Rank

#11,439

Top 92%

Skill Alpha (FF)

+6.7%/yr^ns

No Clear Edge

Rank #468 · Top 6%

vs S&P +3.8%/yr (unadj.)

Quarters Tracked

~10 years

Portfolio Concentration

Top 5: 33.2%Top 10: 54.6%Top 20: 80.0%

PRAX8.6%

MLTX7.5%

RPRX6.1%

MIST5.8%

GON5.2%

SNDX5.0%

ARDX4.6%

FRX4.1%

BNTC4.0%

SRPT3.7%

Others (25)45.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare100.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 35Median: 2.24%Avg: 2.86%

0–0.5%

1(0.4%)

0.5–1%

3(2.2%)

1–3%

19(36.6%)

3–5%

6(22.5%)

5%+

6(38.2%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 33Unique: 2vs 20 funds

0.5%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.7%

MORGAN STANLEY

0.5%

GEODE CAPITAL MANAGEMENT, LLC

0.8%

VANGUARD CAPITAL MANAGEMENT LLC

0.8%

STATE STREET CORP

0.8%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.9%

BANK OF AMERICA CORP /DE/

0.5%

FMR LLC

0.8%

JPMORGAN CHASE & CO

0.5%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New0Increased3Decreased0Exited4

Increased

HUMA2.4%

+150K(+30%)

MIST5.8%

+65K(+9%)

CMPS2.6%

+22K(+38%)

Exited

-42,000

-41,500

-35,000

-100

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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