# EDGAR Filing Document

**Accession Number:** 0001802493
**File Stem:** 0001013594-23-000184
**Filing Date:** 2023-2
**Character Count:** 10100
**Document Hash:** 8a608b0f76756bac4eb3a0840887e3ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001013594-23-000184.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001013594-23-000184

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DCF Advisers, LLC
- **CENTRAL INDEX KEY:** 0001802493
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19889
- **FILM NUMBER:** 23618099

**BUSINESS ADDRESS:**
- **STREET 1:** 73 ARCH STREET
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
- **BUSINESS PHONE:** 203.622.5850

**MAIL ADDRESS:**
- **STREET 1:** 73 ARCH STREET
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** DCF Advisers LLC<br>**Address:** 73 ARCH STREET<br>GREENWICH, CT 06830

**Form 13F File Number:** 028-19889

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** David Sven Floren<br>**Title:** Managing Member<br>**Phone:** 203-622-5850

**Signature, Place, and Date of Signing:**

/s/ David Sven Floren  New York, NY  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 67

**Form 13F Information Table Value Total:** $147966731

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 11635920 | 72000 | SH |  | SOLE |  | 72000 | 0 | 0 |
| ABERDEEN TOTAL DYNAMIC DIVD | COM SH BEN INT | 00326L100 |  | 2121600 | 272000 | SH |  | SOLE |  | 272000 | 0 | 0 |
| ADAM NAT RES FD INC | COM | 00548F105 |  | 218000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1943100 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| AIR T INC | COM | 009207101 |  | 266927 | 10798 | SH |  | SOLE |  | 10798 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 332710 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 7275860 | 82000 | SH |  | SOLE |  | 82000 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 572585 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| ALTIMMUNE INC | COM NEW | 02155H200 |  | 1327186 | 80680 | SH |  | SOLE |  | 80680 | 0 | 0 |
| ALTIMMUNE INC | COM NEW | 02155H200 |  | 2451050 | 149000 | SH | Call | SOLE |  | 149000 | 0 | 0 |
| AMARIN CORP PLC | SPONS ADR NEW | 023111206 |  | 24200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1916468 | 14750 | SH |  | SOLE |  | 14750 | 0 | 0 |
| ARGENX SE | SPONSORED ADR | 04016X101 |  | 9470750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 2623425 | 142500 | SH |  | SOLE |  | 142500 | 0 | 0 |
| BARRICK GOLD CORP | COM | 067901108 |  | 515400 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| BK OF AMERICA CORP | COM | 060505104 |  | 7948800 | 240000 | SH |  | SOLE |  | 240000 | 0 | 0 |
| BURFORD CAP LTD | ORD SHS | G17977110 |  | 285250 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| BURFORD CAP LTD | ORD SHS | G17977110 |  | 370010 | 45400 | SH | Call | SOLE |  | 45400 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 952800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 452300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| DXC TECHNOLOGY CO | COM | 23355L106 |  | 490250 | 18500 | SH |  | SOLE |  | 18500 | 0 | 0 |
| EQUILLIUM INC | COM | 29446K106 |  | 262416 | 247562 | SH |  | SOLE |  | 247562 | 0 | 0 |
| ESPERION THERAPEUTICS INC NE | NOTE 4.000%11/1 | 29664WAB1 |  | 198900 | 3600000 | PRN |  | SOLE |  | 3600000 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 270765 | 2250 | SH |  | SOLE |  | 2250 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 3018180 | 8250 | SH |  | SOLE |  | 8250 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 4362225 | 367500 | SH |  | SOLE |  | 367500 | 0 | 0 |
| FORD MTR CO DEL | COM | 345370860 |  | 988550 | 85000 | SH |  | SOLE |  | 85000 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 1480160 | 44000 | SH |  | SOLE |  | 44000 | 0 | 0 |
| IMPEL NEUROPHARMA INC | COM | 45258K109 |  | 1221844 | 325825 | SH |  | SOLE |  | 325825 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 3534080 | 44000 | SH |  | SOLE |  | 44000 | 0 | 0 |
| INTRA CELLULAR THERAPIES INC | COM | 46116X101 |  | 8268750 | 156250 | SH |  | SOLE |  | 156250 | 0 | 0 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 397005 | 8358 | SH |  | SOLE |  | 8358 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 3459000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 1310190 | 59500 | SH |  | SOLE |  | 59500 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 933455 | 11500 | SH | Put | SOLE |  | 11500 | 0 | 0 |
| KIRKLANDS INC | COM | 497498105 |  | 89876 | 27235 | SH |  | SOLE |  | 27235 | 0 | 0 |
| LENSAR INC | COM | 52634L108 |  | 1023396 | 345742 | SH |  | SOLE |  | 345742 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 648200 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 7746900 | 155000 | SH |  | SOLE |  | 155000 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 1002592 | 3400 | SH |  | SOLE |  | 3400 | 0 | 0 |
| NOKIA CORP | SPONSORED ADR | 654902204 |  | 696000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| NUVEEN CR STRATEGIES INCOME | COM SHS | 67073D102 |  | 1585128 | 311420 | SH |  | SOLE |  | 311420 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 354000 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 3514820 | 43000 | SH |  | SOLE |  | 43000 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 824550 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| OVID THERAPEUTICS INC | COM | 690469101 |  | 130691 | 70264 | SH |  | SOLE |  | 70264 | 0 | 0 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 531050 | 32500 | SH |  | SOLE |  | 32500 | 0 | 0 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 163400 | 10000 | SH | Call | SOLE |  | 10000 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 498540 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1857450 | 36250 | SH |  | SOLE |  | 36250 | 0 | 0 |
| PROTHENA CORP PLC | SHS | G72800108 |  | 4464525 | 74100 | SH |  | SOLE |  | 74100 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 7864241 | 10900 | SH |  | SOLE |  | 10900 | 0 | 0 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 702235 | 14500 | SH |  | SOLE |  | 14500 | 0 | 0 |
| SEAGEN INC | COM | 81181C104 |  | 1599950 | 12450 | SH |  | SOLE |  | 12450 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 218675 | 2500 | SH | Put | SOLE |  | 2500 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 12046545 | 31500 | SH | Put | SOLE |  | 31500 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 4071360 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| SPDR SER TR | S BIOTECH | 78464A870 |  | 290500 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| SRH TOTAL RETURN FUND INC | COM | 101507101 |  | 749300 | 59000 | SH |  | SOLE |  | 59000 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 558675 | 7500 | SH | Call | SOLE |  | 7500 | 0 | 0 |
| TEGNA INC | COM | 87901J105 |  | 264875 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| TURNING PT BRANDS INC | COM | 90041L105 |  | 1797734 | 83113 | SH |  | SOLE |  | 83113 | 0 | 0 |
| TURNING PT BRANDS INC | 2.500% 7/1 | 90041LAE5 |  | 439485 | 500000 | PRN |  | SOLE |  | 500000 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1756700 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 |  | 1604250 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| VIR BIOTECHNOLOGY INC | COM | 92764N102 |  | 607440 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| XENCOR INC | COM | 98401F105 |  | 5363537 | 205973 | SH |  | SOLE |  | 205973 | 0 | 0 |

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