LPCN
Pharmaceuticals, Biotechnology & Life Sciences
CROWD: RED
Active holders jumped 7 to 18 recently (157% in one quarter). Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
18
of 47 total, index funds excluded
This quarter
+12
1 out
Conviction
21 bps
median holder weight: token bet
Streak
2q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2016Mar 2026
Holdings as of Mar 31, 2026, filed by May 16, 2026. Counts for the newest quarter keep settling for a few weeks as amendments land.
The tide
funds in (up) vs out (down)
Top holders
by reported value · $25M held
Fund
Value
Note
Ikarian Capital, LLC
$4M
Squadron Capital Management…
$4M
Eversept Partners, LP
$2M
Rosalind Advisors, Inc.
$2M
VANGUARD CAPITAL MANAGEMENT…
$2M
AIGH Capital Management LLC
$2M
STEMPOINT CAPITAL LP
$1M
BOOTHBAY FUND MANAGEMENT, L…
$1M
Seven Fleet Capital Managem…
$998K
Birchview Capital, LP
$893K
Tourists vs true believers
every holder a dot · right = bigger bet in their own book, up = patient money
Hover any dot for the fund and its bet size. Patience is measured from each filer's actual quarter-to-quarter turnover across our whole database.