# EDGAR Filing Document

**Accession Number:** 0001952142
**File Stem:** 0001420506-25-003308
**Filing Date:** 2025-11
**Character Count:** 14372
**Document Hash:** a1b5f7bdc96ee3260180a2694f2ff0b1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-25-003308.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001420506-25-003308

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STEMPOINT CAPITAL LP
- **CENTRAL INDEX KEY:** 0001952142

**ORGANIZATION NAME:**
- **EIN:** 920402540
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23724
- **FILM NUMBER:** 251482703

**BUSINESS ADDRESS:**
- **STREET 1:** 520 MADISON AVENUE
- **STREET 2:** 19TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** (212) 540-4099

**MAIL ADDRESS:**
- **STREET 1:** 520 MADISON AVENUE
- **STREET 2:** 19TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** StemPoint Capital LP
- **DATE OF NAME CHANGE:** 20221025

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** STEMPOINT CAPITAL LP<br>**Address:** 520 MADISON AVENUE<br>19TH FLOOR<br>NEW YORK, NY 10022

**Form 13F File Number:** 028-23724

**CRD Number (if applicable):** 000324248

**SEC File Number (if applicable):** 801-127041

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:** Kevin Roan<br>**Title:** Chief Compliance Officer<br>**Phone:** (929) 376-1311

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

Kevin Roan Chief Compliance Officer  New York, NY  11-14-2025<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:** 90

**Form 13F Information Table Value Total:** $499089412

      (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 |
| ABIVAX SA | SPONSORED ADS | 00370M103 | BBG01JLQNZ03 | 14116578 | 166273 | SH |  | SOLE |  | 149997 | 0 | 16276 |
| ADC THERAPEUTICS SA | SHS | H0036K147 | BBG00Q6Q3QX1 | 1133144 | 283286 | SH |  | SOLE |  | 283286 | 0 | 0 |
| AKERO THERAPEUTICS INC | COM | 00973Y108 | BBG00L9211Y8 | 5764547 | 121410 | SH |  | SOLE |  | 109809 | 0 | 11601 |
| AKERO THERAPEUTICS INC | COM | 00973Y108 | BBG01WNTXSC8 | 9688 | 15500 | SH | Put | SOLE |  | 15500 | 0 | 0 |
| ALKERMES PLC | SHS | G01767105 | BBG000C9F2F9 | 7249110 | 241637 | SH |  | SOLE |  | 218048 | 0 | 23589 |
| AMYLYX PHARMACEUTICALS INC | COM | 03237H101 | BBG00DP10YT5 | 3761968 | 276884 | SH |  | SOLE |  | 255318 | 0 | 21566 |
| ARBUTUS BIOPHARMA CORP | COM | 03879J100 | BBG000RR8V85 | 932462 | 205388 | SH |  | SOLE |  | 185707 | 0 | 19681 |
| ARBUTUS BIOPHARMA CORP | COM | 03879J100 | BBG01RZ6D5M7 | 9500 | 95000 | SH | Call | SOLE |  | 95000 | 0 | 0 |
| ARCELLX INC | COMMON STOCK | 03940C100 | BBG00QHJM4S9 | 933970 | 11376 | SH |  | SOLE |  | 11376 | 0 | 0 |
| ARCTURUS THERAPEUTICS HLDGS | COM | 03969T109 | BBG00NNW8JK1 | 656219 | 35606 | SH |  | SOLE |  | 32126 | 0 | 3480 |
| ARCUTIS BIOTHERAPEUTICS INC | COM | 03969K108 | BBG00QN8K4M4 | 7764183 | 411893 | SH |  | SOLE |  | 411893 | 0 | 0 |
| ARGENX SE | SPONSORED ADR | 04016X101 | BBG00GHB88X9 | 9193685 | 12465 | SH |  | SOLE |  | 12465 | 0 | 0 |
| ARK ETF TR | GENOMIC REV ETF | 00214Q302 | BBG01WVDT824 | 30000 | 200000 | SH | Call | SOLE |  | 200000 | 0 | 0 |
| ASCENDIS PHARMA A/S | SPONSORED ADR | 04351P101 | BBG007R7VNC1 | 3011773 | 15149 | SH |  | SOLE |  | 15149 | 0 | 0 |
| ASSEMBLY BIOSCIENCES INC | COM NEW | 045396207 | BBG000R62Q06 | 1692928 | 66130 | SH |  | SOLE |  | 64305 | 0 | 1825 |
| ATAI LIFE SCIENCES NV | SHS | N0731H103 | BBG0107FR3K9 | 402209 | 76032 | SH |  | SOLE |  | 76032 | 0 | 0 |
| AVIDITY BIOSCIENCES INC | COM | 05370A108 | BBG00FQ7LXW1 | 4969289 | 114053 | SH |  | SOLE |  | 102907 | 0 | 11146 |
| BIOHAVEN LTD | COM | G1110E107 | BBG017BXV3Q9 | 15269838 | 1017311 | SH |  | SOLE |  | 905477 | 0 | 111834 |
| BIOHAVEN LTD | COM | G1110E107 | BBG01WS4WDY8 | 1188000 | 480000 | SH | Call | SOLE |  | 480000 | 0 | 0 |
| BRIDGEBIO ONCOLOGY THERAPEUT | COM NEW | 107924102 | BBG01L3GYF02 | 2160990 | 186614 | SH |  | SOLE |  | 186614 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 | BBG00P9KDZK6 | 6618974 | 127435 | SH |  | SOLE |  | 115245 | 0 | 12190 |
| CELCUITY INC | COM | 15102K100 | BBG00HKBW045 | 6753474 | 136710 | SH |  | SOLE |  | 121509 | 0 | 15201 |
| CENTESSA PHARMACEUTICALS PLC | SPONSORED ADS | 152309100 | BBG01081FC59 | 15893086 | 655385 | SH |  | SOLE |  | 589353 | 0 | 66032 |
| CENTESSA PHARMACEUTICALS PLC | SPONSORED ADS | 152309100 | BBG01SDJWCN4 | 905625 | 172500 | SH | Call | SOLE |  | 172500 | 0 | 0 |
| CG ONCOLOGY INC | COM | 156944100 | BBG00YHKK4Q3 | 2538405 | 63019 | SH |  | SOLE |  | 57492 | 0 | 5527 |
| CIDARA THERAPEUTICS INC | COM NEW | 171757206 | BBG006R5MFT6 | 14586642 | 152325 | SH |  | SOLE |  | 136836 | 0 | 15489 |
| CLEARPOINT NEURO INC | COM | 18507C103 | BBG000Q39HV3 | 362825 | 16651 | SH |  | SOLE |  | 16651 | 0 | 0 |
| COMPASS PATHWAYS PLC | SPONSORED ADS | 20451W101 | BBG00X0VY2N1 | 1579303 | 275620 | SH |  | SOLE |  | 275620 | 0 | 0 |
| CORVUS PHARMACEUTICALS INC | COM | 221015100 | BBG009F0TGH8 | 710755 | 96439 | SH |  | SOLE |  | 96439 | 0 | 0 |
| CRISPR THERAPEUTICS AG | NAMEN AKT | H17182108 | BBG01WVJLPN8 | 59000 | 40000 | SH | Call | SOLE |  | 40000 | 0 | 0 |
| DENALI THERAPEUTICS INC | COM | 24823R105 | BBG008P7F869 | 25187249 | 1734659 | SH |  | SOLE |  | 1552423 | 0 | 182236 |
| DIANTHUS THERAPEUTICS INC | COM | 252828108 | BBG00FB2NPZ0 | 1628382 | 41382 | SH |  | SOLE |  | 41382 | 0 | 0 |
| DYNE THERAPEUTICS INC | COM | 26818M108 | BBG00NSGPJD0 | 6003842 | 474612 | SH |  | SOLE |  | 429193 | 0 | 45419 |
| ENANTA PHARMACEUTICALS INC | COM | 29251M106 | BBG001V9NSB4 | 900072 | 75194 | SH |  | SOLE |  | 75194 | 0 | 0 |
| EQUILLIUM INC | COM | 29446K106 | BBG00LSL8C10 | 2729777 | 1908935 | SH |  | SOLE |  | 1734418 | 0 | 174517 |
| GH RESEARCH PLC | ORDINARY SHARES | G3855L106 | BBG011BQC379 | 7797433 | 545275 | SH |  | SOLE |  | 475645 | 0 | 69630 |
| HARROW INC | COM | 415858109 | BBG000QXWY44 | 2776083 | 57619 | SH |  | SOLE |  | 57619 | 0 | 0 |
| IDEAYA BIOSCIENCES INC | COM | 45166A102 | BBG00CTZ4D83 | 10117358 | 371825 | SH |  | SOLE |  | 330345 | 0 | 41480 |
| IMMUNOVANT INC | COM | 45258J102 | BBG00P5MC0Q8 | 25624030 | 1589580 | SH |  | SOLE |  | 1413520 | 0 | 176060 |
| IMMUNOVANT INC | COM | 45258J102 | BBG01SF3P872 | 50000 | 250000 | SH | Call | SOLE |  | 250000 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 | BBG000BNPSQ9 | 3710777 | 43754 | SH |  | SOLE |  | 43754 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 | BBG000BWM5P3 | 6251468 | 43419 | SH |  | SOLE |  | 39173 | 0 | 4246 |
| INVENTIVA SA | ADS | 46124U107 | BBG00VM4C335 | 178471 | 30824 | SH |  | SOLE |  | 30824 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG000BSWKH7 | 2279605 | 3797 | SH |  | SOLE |  | 3797 | 0 | 0 |
| INVIVYD INC | COM | 00534A102 | BBG00W4ML039 | 306469 | 278608 | SH |  | SOLE |  | 278608 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 | BBG01X16WD61 | 137500 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 | BBG000G9CGL0 | 5149690 | 39072 | SH |  | SOLE |  | 39072 | 0 | 0 |
| KALVISTA PHARMACEUTICALS INC | COM | 483497103 | BBG0026ZG5B0 | 691459 | 56770 | SH |  | SOLE |  | 56770 | 0 | 0 |
| MADRIGAL PHARMACEUTICALS INC | COM | 558868105 | BBG000QS6NV8 | 3764223 | 8207 | SH |  | SOLE |  | 8207 | 0 | 0 |
| MBX BIOSCIENCES INC | COM | 55287L101 | BBG00W7W53M5 | 1312500 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| MEIRAGTX HLDGS PLC | COM | G59665102 | BBG00KXH44F2 | 673691 | 81858 | SH |  | SOLE |  | 81858 | 0 | 0 |
| MIND MEDICINE MINDMED INC | COM NEW | 60255C885 | BBG00F13HYQ7 | 906356 | 76875 | SH |  | SOLE |  | 76875 | 0 | 0 |
| MINERALYS THERAPEUTICS INC | COM | 603170101 | BBG00ZXN1GN3 | 5995607 | 158112 | SH |  | SOLE |  | 142981 | 0 | 15131 |
| NEKTAR THERAPEUTICS | COM NEW | 640268306 | BBG000BHCYJ1 | 3027137 | 53201 | SH |  | SOLE |  | 53201 | 0 | 0 |
| NEWAMSTERDAM PHARMA COMPANY | ORDINARY SHARES | N62509109 | BBG01BNNTQN4 | 4282296 | 150573 | SH |  | SOLE |  | 135858 | 0 | 14715 |
| OCULAR THERAPEUTIX INC | COM | 67576A100 | BBG001J1BZV0 | 4202204 | 359470 | SH |  | SOLE |  | 324348 | 0 | 35122 |
| ORIC PHARMACEUTICALS INC | COM | 68622P109 | BBG00BL5SLH5 | 1997532 | 166461 | SH |  | SOLE |  | 166461 | 0 | 0 |
| PEPGEN INC | COM | 713317105 | BBG012232618 | 1798053 | 389189 | SH |  | SOLE |  | 351158 | 0 | 38031 |
| PERCEPTIVE CAP SOLUTIONS COR | CL A ORD SHS | G70077105 | BBG01N0FG6L0 | 1590000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| PROTAGONIST THERAPEUTICS INC | COM | 74366E102 | BBG002B63KM7 | 3185584 | 47954 | SH |  | SOLE |  | 44927 | 0 | 3027 |
| PROTARA THERAPEUTICS INC | COM STK | 74365U107 | BBG001ZLYSH5 | 1581947 | 363666 | SH |  | SOLE |  | 363666 | 0 | 0 |
| PYXIS ONCOLOGY INC | COMMON STOCK | 747324101 | BBG00PQFFCV5 | 1530774 | 689538 | SH |  | SOLE |  | 630449 | 0 | 59089 |
| REVOLUTION MEDICINES INC | COM | 76155X100 | BBG00829F4P8 | 8657246 | 185380 | SH |  | SOLE |  | 171322 | 0 | 14058 |
| REZOLUTE INC | COM NEW | 76200L309 | BBG001XWWHL4 | 8625722 | 917630 | SH |  | SOLE |  | 829871 | 0 | 87759 |
| RHYTHM PHARMACEUTICALS INC | COM | 76243J105 | BBG007DLZ601 | 9234930 | 91444 | SH |  | SOLE |  | 82714 | 0 | 8730 |
| ROIVANT SCIENCES LTD | SHS | G76279101 | BBG007STW2B8 | 63503439 | 4197187 | SH |  | SOLE |  | 3933375 | 0 | 263812 |
| SCHOLAR ROCK HLDG CORP | COM | 80706P103 | BBG00KT2RRM6 | 27043837 | 726204 | SH |  | SOLE |  | 646357 | 0 | 79847 |
| SCHOLAR ROCK HLDG CORP | COM | 80706P103 | BBG01Q6R0GN4 | 23920 | 18400 | SH | Call | SOLE |  | 18400 | 0 | 0 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 | BBG01X2B0RY2 | 280000 | 700000 | SH | Put | SOLE |  | 700000 | 0 | 0 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 | BBG01X2B0RB7 | 254852 | 490100 | SH | Put | SOLE |  | 490100 | 0 | 0 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 | BBG01X2B0T50 | 190500 | 300000 | SH | Put | SOLE |  | 300000 | 0 | 0 |
| STRUCTURE THERAPEUTICS INC | SPONSORED ADS | 86366E106 | BBG01CBVHLW1 | 3621380 | 129335 | SH |  | SOLE |  | 129335 | 0 | 0 |
| SURROZEN INC | COM NEW | 86889P208 | BBG00XY94S95 | 9192971 | 713463 | SH |  | SOLE |  | 664313 | 0 | 49150 |
| SYNDAX PHARMACEUTICALS INC | COM | 87164F105 | BBG000R33JY1 | 21019064 | 1366205 | SH |  | SOLE |  | 1234315 | 0 | 131890 |
| SYNDAX PHARMACEUTICALS INC | COM | 87164F105 | BBG01SFX0RV4 | 55000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| TANGO THERAPEUTICS INC | COM | 87583X109 | BBG00WFDDRS0 | 2061175 | 245378 | SH |  | SOLE |  | 222548 | 0 | 22830 |
| TAYSHA GENE THERAPIES INC | COM SHS | 877619106 | BBG00TJXFDP1 | 2745718 | 839669 | SH |  | SOLE |  | 759382 | 0 | 80287 |
| TECTONIC THERAPEUTIC INC | COM | 878972108 | BBG00DJ4T7D1 | 2965394 | 188999 | SH |  | SOLE |  | 170981 | 0 | 18018 |
| TERNS PHARMACEUTICALS INC | COM | 880881107 | BBG00KK1SJ08 | 673024 | 89617 | SH |  | SOLE |  | 89617 | 0 | 0 |
| TREVI THERAPEUTICS INC | COM | 89532M101 | BBG003QGQRB9 | 3208997 | 350710 | SH |  | SOLE |  | 317190 | 0 | 33520 |
| UNIQURE NV | SHS | N90064101 | BBG005SSJYH3 | 30478187 | 522155 | SH |  | SOLE |  | 495313 | 0 | 26842 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 | BBG000BV4XJ1 | 2625931 | 6264 | SH |  | SOLE |  | 6264 | 0 | 0 |
| VENTYX BIOSCIENCES INC | COM | 92332V107 | BBG00VC84K29 | 520832 | 167470 | SH |  | SOLE |  | 167470 | 0 | 0 |
| VISTAGEN THERAPEUTICS INC | COM | 92840H400 | BBG000BB33L9 | 6645373 | 1871936 | SH |  | SOLE |  | 1668745 | 0 | 203191 |
| VISTAGEN THERAPEUTICS INC | COM | 92840H400 | BBG000BB33L9 | 1103890 | 616749 | SH |  | SOLE |  | 616749 | 0 | 0 |
| WAVE LIFE SCIENCES LTD | SHS | Y95308105 | BBG00B642V54 | 15446313 | 2110152 | SH |  | SOLE |  | 1891657 | 0 | 218495 |
| WHITEHAWK THERAPEUTICS INC | COM | 00032Q104 | BBG002WN7DT2 | 805756 | 424082 | SH |  | SOLE |  | 383457 | 0 | 40625 |
| X4 PHARMACEUTICALS INC | COM NEW | 98420X202 | BBG001J1CYH8 | 1899506 | 555411 | SH |  | SOLE |  | 502294 | 0 | 53117 |
| XENON PHARMACEUTICALS INC | COM | 98420N105 | BBG0073DM784 | 7720644 | 192295 | SH |  | SOLE |  | 172860 | 0 | 19435 |
| ZENAS BIOPHARMA INC | COM | 98937L105 | BBG01J1MG9D6 | 860072 | 38742 | SH |  | SOLE |  | 38742 | 0 | 0 |

---