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Deerfield Management Portfolio holdings
AUM
$8.48B
1-Year Est. Return
99.04%
This Fund
S&P 500
This Quarter
Est. Return
+9.69%
1 Year Est. Return
+99.04%
3 Year Est. Return
+273.78%
5 Year Est. Return
+280.99%
10 Year Est. Return
+2,168.14%
AUM
$5.51B
AUM Growth
+$445M
(+8.8%)
Cap. Flow
-$338M
Cap. Flow
% of AUM
-6.13%
Top 10 Holdings %
Top 10 Hldgs %
54.24%
Holding
167
New
43
Increased
28
Reduced
13
Closed
43
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Therapeutics
UTHR
|
+$79.3M |
| 2 |
Merck
MRK
|
+$68.2M |
| 3 |
Vera Therapeutics
VERA
|
+$51.7M |
| 4 |
Legend Biotech
LEGN
|
+$39.5M |
| 5 |
Centene
CNC
|
+$30.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alignment Healthcare
ALHC
|
+$68M |
| 2 |
DVAX
Dynavax Technologies
DVAX
|
+$67.3M |
| 3 |
Neurocrine Biosciences
NBIX
|
+$36.8M |
| 4 |
CMRX
Chimerix, Inc.
CMRX
|
+$32.1M |
| 5 |
InMode
INMD
|
+$28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 89.05% |
| 2 | Real Estate | 0.41% |
| 3 | Financials | 0% |
| 4 | Industrials | 0% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Cerus
CERS
$587M
| – | – |
-44,693
| Closed | -$62.1K |
|
127
CG Oncology
CGON
$6.11B
| – | – |
-850,695
| Closed | -$20.8M |
|
|
DHC
128
Diversified Healthcare Trust
DHC
$2.26B
| – | – |
-33,892
| Closed | -$81.3K |
|
|
DVAX
129
DELISTED
Dynavax Technologies
DVAX
| – | – |
-5,191,493
| Closed | -$67.3M |
|
130
DXC Technology
DXC
$1.63B
| – | – |
-11,883
| Closed | -$203K |
|
131
Dyne Therapeutics
DYN
$4.04B
| – | – |
-812,408
| Closed | -$8.5M |
|
132
PUT
Establishment Labs
ESTA
$2.72B
| – | – |
-500,000
| Closed | -$20.4M |
|
|
FPI
133
Farmland Partners
FPI
$419M
| – | – |
-16,863
| Closed | -$188K |
|
134
GH Research
GHRS
$1.87B
| – | – |
-925,000
| Closed | -$10.2M |
|
135
Hallador Energy
HNRG
$718M
| – | – |
-13,713
| Closed | -$168K |
|
|
136
InMode
INMD
$872M
| – | – |
-1,578,708
| Closed | -$28M |
|
137
St. Joe Company
JOE
$3.57B
| – | – |
-4,473
| Closed | -$210K |
|
138
Lantheus
LNTH
$6.82B
| – | – |
-240,218
| Closed | -$23.4M |
|
139
MediaAlpha
MAX
$710M
| – | – |
-10,795
| Closed | -$99.7K |
|
|
MFA
140
MFA Financial
MFA
$929M
| – | – |
-10,935
| Closed | -$112K |
|
141
MannKind Corp
MNKD
$1.28B
| – | – |
-17,380
| Closed | -$87.4K |
|
142
MaxCyte
MXCT
$116M
| – | – |
-19,121
| Closed | -$52.2K |
|
143
Neurogene
NGNE
$696M
| – | – |
-446,880
| Closed | -$5.23M |
|
144
Nuvation Bio
NUVB
$2.24B
| – | – |
-45,448
| Closed | -$80K |
|
|
OLPX
145
DELISTED
Olaplex Holdings
OLPX
| – | – |
-28,833
| Closed | -$36.6K |
|
146
Opko Health
OPK
$921M
| – | – |
-6,906,362
| Closed | -$11.5M |
|
147
Quanterix
QTRX
$173M
| – | – |
-11,023
| Closed | -$71.8K |
|
148
Ring Energy
REI
$322M
| – | – |
-127,376
| Closed | -$146K |
|
149
Repay Holdings
RPAY
$315M
| – | – |
-13,175
| Closed | -$73.4K |
|
150
Sunrun
RUN
$2.37B
| – | – |
-10,124
| Closed | -$59.3K |
|
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Deerfield Management's Q2 2025 Portfolio in Review
As of Q2 2025, Deerfield Management held 167 positions worth $5.51B, up 8.8% from $5.06B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Deerfield Management withdrew a net $338M in Q2 2025, closing 43 positions and reducing 13 holdings. Its most notable exit was Dynavax Technologies, an estimated $67.3M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 89% of assets, up from 87% a quarter earlier, followed by Real Estate and Financials.
Against the trend, Deerfield Management opened a new position in Merck worth $67.9M.
- Deerfield Management's largest Q2 2025 buy was Merck: 857,724 shares worth $67.9M.
- Deerfield Management added most to United Therapeutics in Q2 2025, an estimated $79.3M increase.
- Deerfield Management's biggest Q2 2025 reduction was Alignment Healthcare, cutting an estimated $68M.
- Deerfield Management fully exited Dynavax Technologies in Q2 2025, selling an estimated $67.3M.
- Deerfield Management's ten largest holdings make up 54% of its $5.51B portfolio in Q2 2025.
- Deerfield Management opened 43 new positions and closed 43 in Q2 2025.
- Deerfield Management's portfolio value rose 8.8% quarter-over-quarter to $5.51B.
Based on Deerfield Management's 13F filing for Q2 2025, filed 14 Aug 2025.