RA CAPITAL MANAGEMENT, L.P.

Comprehensive Analysis of RA Capital Management, L.P. SEC 13F Filing

Portfolio Overview

RA Capital Management, L.P. manages a concentrated portfolio valued at approximately $5.83 billion as of September 30, 2025. The fund employs a high-conviction strategy, evidenced by the relatively low number of holdings (44) compared to the total assets under management. The portfolio experienced a slight contraction of -1.8% in total value during the quarter, decreasing from $5.94 billion....