Perceptive Capital Solutions
PCSC
PCSC was delisted on the 20th of July, 2026.
37 hedge funds and large institutions have $141M invested in Perceptive Capital Solutions in 2025 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 3 increasing their positions, 11 reducing their positions, and 18 closing their positions.
59% more capital invested
Capital invested by funds: $88.4M → $141M (+$52.6M)
27.76% more ownership
Funds ownership: 93.61% → 121.37% (+28%)
3% more funds holding
Funds holding: 36 → 37 (+1)
6% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 18
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
73% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Farallon Capital Management
San Francisco,
California
|
+$26.2M |
| 2 |
BC
BIT Capital
Berlin,
Germany
|
+$8.63M |
| 3 |
Holocene Advisors
New York
|
+$7.29M |
| 4 |
OFCM
One Fin Capital Management
San Francisco,
California
|
+$5.09M |
| 5 |
CL
CRCM LP
San Francisco,
California
|
+$4.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VA
VR Adviser
New York
|
-$7.95M |
| 2 |
CC
Commodore Capital
New York
|
-$7.92M |
| 3 |
DAM
Decagon Asset Management
London,
United Kingdom
|
-$4.02M |
| 4 |
AAA
Affinity Asset Advisors
New York
|
-$3.5M |
| 5 |
ACM
ADAR1 Capital Management
Austin,
Texas
|
-$3.42M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RC
51
Rangeley Capital
New Canaan,
Connecticut
| – | -$221K | -20,832 | Closed |
|
|
WRBC
52
W.R. Berkley Corp
Greenwich,
Connecticut
| – | -$168K | -15,913 | Closed |
|
|
RCM
53
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
| – | -$128K | -12,027 | Closed |
|
|
MSU
54
Mizuho Securities USA
New York
| – | -$111K | -10,500 | Closed |
|
55
Morgan Stanley
New York
| – | -$570 | -54 | Closed |
|
PCSC Hedge Fund Activity: Q4 2025 in Review
37 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in Perceptive Capital Solutions (PCSC) for Q4 2025, worth a combined $141M — up 59% from $88.4M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new PCSC positions and 18 closed out — a net gain of 1 holder — while 3 added to existing stakes and 11 trimmed.
The largest buyer was Farallon Capital Management, opening a new position worth an estimated $26.2M. The largest seller was VR Adviser, exiting entirely with an estimated $7.95M sold.
- 37 institutional investors held Perceptive Capital Solutions (PCSC) as of Q4 2025, up from 36 in Q3 2025.
- Funds reported $141M of Perceptive Capital Solutions stock for Q4 2025, up 59% quarter-over-quarter.
- 19 funds opened new Perceptive Capital Solutions positions in Q4 2025 and 18 closed out, a net change of +1 holder.
- The largest Perceptive Capital Solutions buyer in Q4 2025 was Farallon Capital Management, an estimated $26.2M added.
- The largest Perceptive Capital Solutions seller in Q4 2025 was VR Adviser, an estimated $7.95M sold.
Based on aggregated 13F filings for Q4 2025.