Propel Bio Management, LLC

CIK 0001969764 · Q2 2026

13F Equity AUM

$191.1M

+20.4% QoQ

Positions

-9 QoQ

AUM Rank

#6,393

Top 73%

Skill Alpha (FF)

-72.5%/yr^ns

No Clear Edge

Rank #8,312 · Top 100%

vs S&P -30.0%/yr (unadj.)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 47.9%Top 10: 68.2%Top 20: 91.0%

PAGPEUR16.2%

SP4P13.8%

HTD6.2%

PHAT6.0%

DCTH5.7%

MIST5.2%

CMPS4.2%

KYTX4.1%

ARTV3.5%

ABEO3.2%

Others (19)31.8%

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

Sector Allocation

Healthcare73.9%

Energy16.2%

Financial Services6.2%

Unclassified3.8%

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

Position Sizing

Positions: 29Median: 2.20%Avg: 3.45%

0–0.5%

0(0.0%)

0.5–1%

4(2.5%)

1–3%

14(26.3%)

3–5%

5(18.2%)

5%+

6(53.1%)

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

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Portfolio Overlap

Shared: 0Unique: 29vs 20 funds

0%Low

Fund positions

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.

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Position Changes This Quarter

New4Increased11Decreased10Exited13

New Positions

IMMUNIC INC2.6%

+325K

SCYNEXIS INC1.2%

+543K

SLN1.1%

+192K

SGMT0.5%

+126K

Increased

MIST5.2%

+3.3M(+80%)

PALI2.8%

+1.5M(+132%)

AQST3.1%

+731K(+103%)

IVA2.5%

+557K(+77%)

ARTV3.5%

+550K(+376%)

SP4P13.8%

+248K(+7%)

KYTX4.1%

+239K(+37%)

PHAT6.0%

+209K(+25%)

OVID1.6%

+194K(+21%)

SABS2.2%

+64K(+6%)

Decreased

ABEO3.2%

-346,829(-26%)

CMPS4.2%

-168,963(-23%)

FDMT1.8%

-127,766(-34%)

DCTH5.7%

-108,238(-11%)

ZVRA1.9%

-28,874(-10%)

TCE22.0%

-27,669(-21%)

OCUL1.8%

-24,409(-6%)

EYPT1.4%

-24,080(-11%)

CRVS0.6%

-15,411(-18%)

HTD6.2%

-11,329(-8%)

Exited

-314,543

-210,163

-122,223

-223,802

-2,344,779

-1,420,550

-295,771

-104,772

-329,296

-55,664

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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