Tang Capital Management’s Phathom Pharmaceuticals PHAT Stock Holding History

Tang Capital Management’s Portfolio PHAT Stock Details PHAT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-1,200,000	Closed	-$7.52M	–	213
2025 Q1	$7.52M	Buy	1,200,000 +700,000	+140%	+$4.25M	0.42%	57
2024 Q4	$4.06M	Buy	+500,000	New	+$6.19M	0.27%	81
2023 Q3	–	Sell	-250,000	Closed	-$3.58M	–	112
2023 Q2	$3.58M	Buy	+250,000	New	+$2.88M	0.53%	52

Other funds holding PHAT

FLSM

Frazier Life Sciences Management Palo Alto, California $3.89B AUM 201.1% 1-Year Est. Return

MVM

Medicxi Ventures Management St. Helier, Jersey $982M AUM 210.17% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Carlyle Group Washington, District of Columbia $10.6B AUM 11.25% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Ensign Peak Advisors Salt Lake City, Utah $53.7B AUM 29.47% 1-Year Est. Return

Millennium Management New York $240B AUM 35.51% 1-Year Est. Return

6CM

683 Capital Management New York $1.92B AUM 85.52% 1-Year Est. Return

NMC

NEA Management Company Timonium, Maryland $1.76B AUM 223.33% 1-Year Est. Return

Tang Capital Management's PHAT Position: Q2 2025 in Review

Tang Capital Management sold out of Phathom Pharmaceuticals (PHAT) in Q2 2025, closing a stake of 1,200,000 shares — an estimated $7.52M sold.

Tang Capital Management first reported a position in PHAT in Q2 2023 and held it in 3 quarters. The position peaked at $7.52M in Q1 2025. 117 funds tracked by Wall St. Rank hold PHAT as of Q2 2025.

Tang Capital Management reported no remaining Phathom Pharmaceuticals position as of Q2 2025 after selling out during the quarter.
Tang Capital Management sold 1,200,000 Phathom Pharmaceuticals shares in Q2 2025, an estimated $7.52M.
Tang Capital Management first reported a position in Phathom Pharmaceuticals in Q2 2023 and held it in 3 quarters.
Tang Capital Management's Phathom Pharmaceuticals position peaked at $7.52M in Q1 2025.
117 funds tracked by Wall St. Rank held Phathom Pharmaceuticals as of Q2 2025.

Based on Tang Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.