In Q3 2025, RA Capital Management held 61 positions worth $7.6B. They initiated 10 new positions and exited 68. Their largest holding was ASND ($2.0B). Portfolio value grew +35.3% versus the prior quarter.
Frequently asked questions
What stocks did RA Capital Management own in Q3 2025?
RA Capital Management held 61 biotech stocks in their 13F portfolio in Q3 2025. Their top positions include ASND, RYTM, PCVX, RNA, SION. The full holdings table is available on BiotechEdge with position sizes, quarter-over-quarter changes, and AI analysis.
How much was RA Capital Management's portfolio worth in Q3 2025?
RA Capital Management's tracked biotech portfolio was worth $7.6B across 61 positions, with total assets under management of approximately $10B. Portfolio values are based on 13F filings with the SEC.
What did RA Capital Management buy in Q3 2025?
RA Capital Management initiated 10 new positions in Q3 2025, including BLTE, LBRX, ASMB, CTNM, IVVD and 5 more. They also increased 11 existing positions.
What did RA Capital Management sell in Q3 2025?
RA Capital Management fully exited 68 positions in Q3 2025, including CLDX, CMPS, BRCB, CBAY, CTKB and 63 more. They also trimmed 2 existing positions.
Is RA Capital Management a biotech fund?
Crossover biotech fund that invests from late-stage private through public markets. Known for rigorous scientific analysis and the "biotech social contract" framework. Kolchinsky, a virologist by training, emphasizes understanding drug pricing dynamics and long-term value creation in biotech.
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