NEXTBio Capital Management LP

CIK 0002038158 · Q1 2026

13F Equity AUM

$215.4M

+26.3% QoQ

Positions

+1 QoQ

AUM Rank

#7,101

Top 57%

Skill Alpha (FF)

—

No alpha data

Quarters Tracked

~0 years

Portfolio Concentration

Top 5: 48.9%Top 10: 71.0%Top 20: 95.9%

TERN14.8%

PTGX11.2%

STTK9.4%

VOR8.3%

CMPS5.2%

RYTM5.1%

XENE5.0%

PVLA4.8%

ZBIO3.9%

IVA3.4%

Others (14)29.0%

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

Sector Allocation

Healthcare98.2%

Other1.9%

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

Position Sizing

Positions: 24Median: 3.13%Avg: 4.17%

0–0.5%

1(0.5%)

0.5–1%

1(0.8%)

1–3%

9(18.2%)

3–5%

7(26.5%)

5%+

6(54.0%)

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

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Portfolio Overlap

Shared: 24Unique: 0vs 20 funds

0.3%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)

MORGAN STANLEY

0.4%

BlackRock, Inc.

0.5%

GEODE CAPITAL MANAGEMENT, LLC

0.6%

VANGUARD CAPITAL MANAGEMENT LLC

0.6%

STATE STREET CORP

0.6%

FMR LLC

0.7%

BANK OF AMERICA CORP /DE/

0.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.5%

JPMORGAN CHASE & CO

0.3%

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

New1Increased9Decreased7Exited0

New Positions

SMMT0.8%

+90K

Increased

CMPS5.2%

+1.3M(+169%)

ZBIO3.9%

+105K(+33%)

RYTM5.1%

+58K(+87%)

TERN14.8%

+53K(+10%)

GPCR3.0%

+39K(+41%)

COGT2.3%

+35K(+37%)

IVA3.4%

+35K(+3%)

ZLAB1.6%

+20K(+12%)

IRON1.6%

+10K(+23%)

Decreased

CMPX2.1%

-265,801(-24%)

ORIC3.1%

-92,101(-15%)

EVMN2.0%

-44,223(-19%)

VSTM3.2%

-530(-0%)

XENE5.0%

-479(-0%)

PCVX2.6%

-262(-0%)

OCSAW1.9%

-158(-0%)

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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