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Livermore
Livermore
ZHEN

DCF Advisers, LLC

SEC CIK
0001802493
Latest filing
Aug 10, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 11, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
75
−4 vs. Q3 2025
Portfolio value
$302.8M
+$38.8M (+14.7%) vs. Q3 2025
Filed
Feb 11, 2026
SEC
Holdings of DCF Advisers, LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
ALTAltimmune, Inc.COM NEW18,700$67.5K<0.1%+18,700NewHistory
ARDXArdelyx, Inc.COM20,000$116.6K<0.1%+10,000+100.0%AddedHistory
IFRXInflaRx N.V.COM158,500$160.1K0.1%+158,500NewHistory
BURBurford Capital LtdORD SHS19,500$173.9K0.1%+19,500NewHistory
MEOHMethanex CorpCOM5,500$218.5K0.1%+5,500NewHistory
PYPLPayPal Holdings, Inc.Stock5,000$291.9K0.1%−6,000−54.5%ReducedHistory
CTLPCantaloupe, Inc.COM33,500$355.8K0.1%00.0%UnchangedHistory
ALLTAllot Ltd.SHS72,000$707.8K0.2%+2,000+2.9%AddedHistory
SPOTSpotify Technology S.A.Stock1,250$725.9K0.2%00.0%UnchangedHistory
iShares Russell 2000 ETF464287655ETF3,000$738.5K0.2%00.0%Unchanged–
TPBTurning Point Brands, Inc.COM7,000$758.8K0.3%00.0%UnchangedHistory
ARQArq, Inc.COM260,570$852.1K0.3%+260,570NewHistory
STEWSRH Total Return Fund, Inc.COM50,000$927.0K0.3%00.0%UnchangedHistory
OIO-I Glass, Inc.COM64,750$955.7K0.3%−12,500−16.2%ReducedHistory
TDOCTeladoc Health, Inc.COM137,500$962.5K0.3%+102,500+292.9%AddedHistory
GMGeneral Motors CoCOM12,500$1.02M0.3%+12,500NewHistory
SNYSanofiSPONSORED ADR21,000$1.02M0.3%+21,000NewHistory
PFEPfizer IncStock47,000$1.17M0.4%00.0%UnchangedHistory
LRCXLam Research CorpCOM7,500$1.28M0.4%00.0%UnchangedHistory
METAMeta Platforms, Inc.Stock2,000$1.32M0.4%00.0%UnchangedHistory
LNSRLENSAR, Inc.COM118,217$1.37M0.5%−1,000−0.8%ReducedHistory
IMRXImmuneering CorpCLASS A COM215,000$1.41M0.5%+215,000NewHistory
INTCIntel CorpStock40,000$1.48M0.5%00.0%UnchangedHistory
AVGOBroadcom Inc.Stock4,500$1.56M0.5%−500−10.0%ReducedHistory
VRDNViridian Therapeutics, Inc.COM52,700$1.64M0.5%−9,329−15.0%ReducedHistory
ANABAnaptysbio, IncCOM35,250$1.71M0.6%−12,750−26.6%ReducedHistory
BHVNBiohaven Ltd.COM151,500$1.71M0.6%−20,000−11.7%ReducedHistory
ZLABZai Lab LtdADR97,500$1.72M0.6%+5,500+6.0%AddedHistory
QCOMQualcomm IncStock10,250$1.75M0.6%+2,500+32.3%AddedHistory
PRTAProthena Corp Public Ltd CoSHS195,747$1.87M0.6%−5,000−2.5%ReducedHistory
Sprott FDS Tr85208P303URANIUM MINERS E35,000$1.92M0.6%00.0%Unchanged–
BNEDBarnes & Noble Education, Inc.COM NEW214,943$1.98M0.7%−14,500−6.3%ReducedHistory
JQCNuveen Credit Strategies Income FundCOM SHS408,720$2.05M0.7%+37,007+10.0%AddedHistory
GPCRStructure Therapeutics Inc.SPONSORED ADS30,000$2.09M0.7%+30,000NewHistory
MRVLMarvell Technology, Inc.COM27,500$2.34M0.8%−6,750−19.7%ReducedHistory
XNCRXencor IncCOM154,736$2.37M0.8%−35,000−18.4%ReducedHistory
ABBVAbbVie Inc.Stock10,750$2.46M0.8%00.0%UnchangedHistory
AAPLApple Inc.Stock9,250$2.51M0.8%00.0%UnchangedHistory
AODabrdn Total Dynamic Dividend FundCOM SH BEN INT266,000$2.59M0.9%00.0%UnchangedHistory
ZMZoom Communications, Inc.Stock30,250$2.61M0.9%+3,000+11.0%AddedHistory
Barrick Gold Corp067901108COM60,000$2.61M0.9%+60,000New–
VRTXVertex Pharmaceuticals IncStock6,000$2.72M0.9%+6,000NewHistory
ZBHZimmer Biomet Holdings, Inc.Stock30,500$2.74M0.9%00.0%UnchangedHistory
LYFTLyft, Inc.CL A COM150,000$2.91M1.0%+116,500+347.8%AddedHistory
HDHome Depot, Inc.Stock8,500$2.92M1.0%+8,500NewHistory
VanEck ETF Trust92189F791JUNIOR GOLD MINE26,500$3.02M1.0%00.0%Unchanged–
LFCRLifecore Biomedical, Inc.COM442,000$3.62M1.2%−10,000−2.2%ReducedHistory
EVOEvotec SESPONSORED ADS1,198,993$3.69M1.2%00.0%UnchangedHistory
CSCOCisco Systems, Inc.Stock50,000$3.85M1.3%−10,000−16.7%ReducedHistory
AZNAstraZeneca PLCSPONSORED ADR44,300$4.07M1.3%+44,300NewHistory
INCYIncyte CorpCOM41,500$4.10M1.4%00.0%UnchangedHistory
CCitigroup IncStock36,000$4.20M1.4%00.0%UnchangedHistory
AMGNAmgen IncStock13,500$4.42M1.5%+2,000+17.4%AddedHistory
UBERUber Technologies, IncStock55,000$4.49M1.5%+55,000NewHistory
SLViShares Silver TrustETF72,500$4.67M1.5%−27,500−27.5%ReducedHistory
ETEnergy Transfer LPCOM UT LTD PTN300,500$4.96M1.6%+300,500NewHistory
GLDSPDR Gold TrustETF13,000$5.15M1.7%−2,000−13.3%ReducedHistory
BIDUBaidu, Inc.ADR40,500$5.29M1.7%+1,000+2.5%AddedHistory
BABAAlibaba Group Holding LtdADR37,400$5.48M1.8%+37,400NewHistory
ORCLOracle CorpStock28,500$5.55M1.8%−500−1.7%ReducedHistory
CRVSCorvus Pharmaceuticals, Inc.COM729,000$5.61M1.9%+729,000NewHistory
NAMSNewAmsterdam Pharma Co N.V.ORDINARY SHARES160,600$5.63M1.9%−14,650−8.4%ReducedHistory
HELPCybin Inc.COM NEW775,588$6.34M2.1%+775,588NewHistory
AMDAdvanced Micro Devices IncStock30,000$6.42M2.1%−2,500−7.7%ReducedHistory
BACBank of America CorpStock119,500$6.57M2.2%00.0%UnchangedHistory
AMZNAmazon Com IncStock32,000$7.39M2.4%+2,750+9.4%AddedHistory
REGNRegeneron Pharmaceuticals, Inc.COM10,000$7.72M2.5%00.0%UnchangedHistory
IAUiShares Gold TrustETF100,000$8.12M2.7%00.0%UnchangedHistory
IONSIonis Pharmaceuticals IncCOM103,000$8.15M2.7%−5,413−5.0%ReducedHistory
LLYEli Lilly & CoStock8,300$8.92M2.9%00.0%UnchangedHistory
VanEck ETF Trust92189F106GOLD MINERS ETF109,500$9.39M3.1%−5,000−4.4%Reduced–
ARGXArgenx SESPONSORED ADR13,650$11.5M3.8%00.0%UnchangedHistory
TEVATeva Pharmaceutical Industries LtdSPONSORED ADS385,000$12.0M4.0%+17,300+4.7%AddedHistory
GOOGAlphabet Inc.Stock57,000$17.9M5.9%00.0%UnchangedHistory
MUMicron Technology IncStock167,250$47.7M15.8%−38,000−18.5%ReducedHistory

Options (19)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of DCF Advisers, LLC in Q4 2025
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$47.1M–
MUMicron Technology IncStock$6.42M–
TEVATeva Pharmaceutical Industries LtdSPONSORED ADS$3.04M$312.1K
iShares Semiconductor ETF464287523ETF$3.01M–
GOOGLAlphabet Inc.Stock$1.56M–
Invesco QQQ Trust Series I46090E103ETF$1.23M–
VanEck ETF Trust92189F106GOLD MINERS ETF$1.15M–
AMGNAmgen IncStock–$981.9K
UBERUber Technologies, IncStock$979.7K–
ZMZoom Communications, Inc.Stock–$862.9K
DOCUDocuSign, Inc.Stock–$649.8K
ALTAltimmune, Inc.COM NEW–$570.4K
BHVNBiohaven Ltd.COM–$530.6K
BIIBBiogen Inc.COM–$440.0K
SBUXStarbucks CorpStock–$421.1K
LYFTLyft, Inc.CL A COM–$339.0K
VRTXVertex Pharmaceuticals IncStock–$226.7K
BIDUBaidu, Inc.ADR–$196.0K
ZLABZai Lab LtdADR$26.5K–

Sold out since Q3 2025 (22)

Positions held at the end of Q3 2025 that are gone from this filing.

Positions of DCF Advisers, LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
Alibaba Group Hldg Ltd001609W10SPONSORED ADS39,150$7.00M2.6%–
CRVSCorvus Pharmaceuticals, Inc.COM768,500$5.66M2.1%History
UBERUber Technologies, IncCOM55,000$5.39M2.0%History
Energy Transfer L P029273V10COM UT LTD PTN300,500$5.16M2.0%–
AZNAstraZeneca PLCSPONSORED ADR45,800$3.51M1.3%History
Home Depot Inc Com043707610COM6,000$2.43M0.9%–
HELPCybin Inc.COM NEW368,768$2.17M0.8%History
Barrick Gold Corp006790110COM60,000$1.97M0.7%–
GPCRStructure Therapeutics Inc.SPONSORED ADS64,250$1.80M0.7%History
Ea Series Trust02072L565ALPHA ARCH 1-310,000$1.14M0.4%–
IMRXImmuneering CorpCLASS A COM147,000$1.03M0.4%History
BPBP PLCADR25,000$861.5K0.3%History
ARQArq, Inc.COM111,994$801.9K0.3%History
Sanofi080105N10SPONSORED ADR16,250$767.0K0.3%–
General MTRS Co037045V10COM12,500$762.1K0.3%–
Burford Cap Ltd0G1797711ORD SHS24,500$293.0K0.1%–
PANWPalo Alto Networks IncCOM1,050$213.8K0.1%History
MEOHMethanex CorpCOM5,250$208.7K0.1%History
Kraneshares Trust050076730CSI CHI INTERNET4,000$168.0K0.1%–
NNNextnav Inc.COMMON STOCK11,450$163.7K0.1%History
Esperion Therapeutics Inc Ne029664WABNOTE 4.000%11/1–$99.3K<0.1%–
ALTAltimmune, Inc.COM NEW10,770$40.6K<0.1%History