DCF Advisers, LLC
Reported holdings as of Q2 2026, from 27 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| INVESCO QQQ TR PUT | QQQ | $142.2M | options only | +5.75pp | 3q | OPTIONS | |
| MICRON TECHNOLOGY INC CALL | MU | $129.9M | 100,000 | +9.44pp | 27q | -33.3%-$64.9M | |
| ALPHABET INC | GOOG | $19.1M | 54,000 | -0.99pp | 27q | -5.3%-$1.1M | |
| STATE STR SPDR S&P 500 ETF T PUT | SPY | $18.7M | options only | -0.43pp | 3q | OPTIONS | |
| ADVANCED MICRO DEVICES INC | AMD | $16.8M | 29,000 | +1.41pp | 27q | HELD | |
| AMAZON COM INC CALL+PUT | AMZN | $15.3M | 59,250 | +0.46pp | 9q | +55.9%+$5.5M | |
| ARGENX SE | ARGX | $13.2M | 14,200 | -0.52pp | 27q | -3.1%-$417.5K | |
| CORVUS PHARMACEUTICALS INC | CRVS | $9.5M | 637,500 | -0.80pp | 3q | HELD | |
| CYBIN INC | HELP | $9.5M | 1,434,988 | +0.79pp | 3q | +107.4%+$4.9M | |
| TEVA PHARMACEUTICAL INDS LTD | TEVA | $8.6M | 254,500 | -0.88pp | 13q | -15.2%-$1.5M | |
| MARVELL TECHNOLOGY INC | MRVL | $8.2M | 27,500 | +0.72pp | 20q | HELD | |
| ISHARES GOLD TR | IAU | $7.6M | 100,000 | -1.02pp | 21q | HELD | |
| BANK OF AMER CORP | BAC | $6.8M | 119,500 | -0.35pp | 27q | HELD | |
| MICROSOFT CORP CALL | MSFT | $5.9M | 9,725 | +0.80pp | 2q | +548.3%+$5.0M | |
| REGENERON PHARMACEUTICALS | REGN | $5.8M | 9,250 | -0.89pp | 27q | HELD | |
| ENERGY TRANSFER L P | ET | $5.7M | 300,500 | -0.53pp | 3q | HELD | |
| VERTEX PHARMACEUTICALS INC | VRTX | $5.7M | 11,500 | +0.18pp | 3q | +64.3%+$2.2M | |
| SPDR GOLD TR | GLD | $5.2M | 14,000 | -0.46pp | 27q | +16.7%+$736.8K | |
| CITIGROUP INC | C | $5.0M | 36,000 | -0.20pp | 27q | HELD | |
| NEWAMSTERDAM PHARMA COMPANY | NAMS | $4.8M | 141,000 | -0.53pp | 8q | -12.2%-$664.2K | |
| VANECK ETF TRUST | GDX | $4.7M | 62,500 | -0.70pp | 13q | HELD | |
| INCYTE CORP | INCY | $4.7M | 41,500 | -0.21pp | 27q | HELD | |
| CISCO SYS INC | CSCO | $4.7M | 40,000 | -0.62pp | 18q | -27.3%-$1.8M | |
| BAIDU INC | BIDU | $4.6M | 40,000 | -0.41pp | 11q | -2.4%-$114.3K | |
| ZOOM COMMUNICATIONS INC CALL | ZM | $4.5M | 50,875 | -0.20pp | 9q | +9.4%+$388.7K | |
| ORACLE CORP | ORCL | $4.5M | 30,500 | -0.33pp | 27q | +7.0%+$293.1K | |
| INTEL CORP | INTC | $4.0M | 28,500 | +0.29pp | 14q | -18.6%-$907.6K | |
| IMMUNEERING CORP | IMRX | $3.9M | 790,000 | +0.50pp | 3q | +458.5%+$3.2M | |
| BIOHAVEN LTD CALL | BHVN | $3.9M | 130,000 | +0.11pp | 9q | +5.3%+$196.8K | |
| ALIBABA GROUP HLDG LTD | BABA | $3.8M | 39,500 | -0.62pp | 3q | +2.6%+$96.0K | |
| UBER TECHNOLOGIES INC | UBER | $3.6M | 50,000 | -0.42pp | 3q | -9.1%-$360.8K | |
| LAM RESEARCH CORP | LRCX | $3.2M | 7,500 | - | new | NEW | |
| ELI LILLY & CO | LLY | $3.2M | 2,700 | -1.46pp | 23q | -67.5%-$6.7M | |
| EVOTEC AG | EVO | $3.0M | 1,079,024 | -0.18pp | 14q | +1.3%+$38.5K | |
| IONIS PHARMACEUTICALS INC | IONS | $3.0M | 37,500 | -0.60pp | 9q | -33.0%-$1.5M | |
| ABRDN TOTAL DYNAMIC DIVIDEND | AOD | $2.7M | 266,000 | -0.17pp | 27q | HELD | |
| ABBVIE INC | ABBV | $2.7M | 10,750 | -0.15pp | 27q | HELD | |
| BROADCOM INC | AVGO | $2.7M | 7,125 | +0.07pp | 9q | +46.2%+$849.9K | |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $2.6M | 30,500 | -0.27pp | 13q | HELD | |
| NUVEEN CR STRATEGIES INCOME | JQC | $2.6M | 528,113 | -0.16pp | 17q | +10.9%+$251.6K | |
| VANECK ETF TRUST | GDXJ | $2.5M | 25,000 | -0.37pp | 15q | HELD | |
| LIFECORE BIOMEDICAL INC | LFCR | $2.2M | 424,500 | -0.03pp | 13q | HELD | |
| BARRICK MNG CORP | B | $2.2M | 60,000 | - | new | NEW | |
| ISHARES SILVER TR | SLV | $2.1M | 40,000 | -0.35pp | 24q | HELD | |
| MARINEMAX INC | HZO | $2.1M | 57,500 | - | new | NEW | |
| BARNES & NOBLE ED INC | BNED | $2.1M | 164,383 | -0.10pp | 9q | -16.5%-$409.0K | |
| AMGEN INC | AMGN | $1.9M | 5,250 | -0.23pp | 14q | -12.5%-$271.6K | |
| UNIQURE NV | QURE | $1.8M | 40,000 | +0.11pp | 2q | -18.4%-$414.5K | |
| SPROTT FDS TR | URNM | $1.8M | 35,000 | -0.26pp | 9q | HELD | |
| STRUCTURE THERAPEUTICS INC | GPCR | $1.7M | 32,100 | -0.05pp | 3q | +16.7%+$246.9K | |
| XENCOR INC | XNCR | $1.7M | 103,736 | -0.04pp | 27q | HELD | |
| APPLE INC | AAPL | $1.7M | 5,750 | -0.09pp | 27q | HELD | |
| ALLOT LTD | ALLT | $1.5M | 170,000 | -0.01pp | 6q | +8.6%+$119.5K | |
| KRANESHARES TRUST | KWEB | $1.3M | 55,000 | - | new | NEW | |
| BOEING CO | BA | $1.3M | 6,000 | - | new | NEW | |
| QUALCOMM INC | QCOM | $1.3M | 7,000 | -0.12pp | 27q | -31.7%-$600.6K | |
| ZAI LAB LTD | ZLAB | $1.2M | 63,500 | -0.11pp | 9q | HELD | |
| ARQ INC | ARQ | $1.2M | 461,585 | -0.02pp | 3q | +40.8%+$341.1K | |
| LYFT INC | LYFT | $1.1M | 78,000 | -0.16pp | 6q | -23.9%-$357.9K | |
| META PLATFORMS INC | META | $1.1M | 2,000 | -0.11pp | 18q | HELD | |
| STARBUCKS CORP CALL | SBUX | $1.0M | options only | -0.06pp | 3q | OPTIONS | |
| ISHARES TR | IWM | $901.4K | 3,000 | -0.04pp | 13q | HELD | |
| ASTRAZENECA PLC | AZN | $900.7K | 4,750 | - | new | NEW | |
| SRH TOTAL RETURN FUND INC | STEW | $895.0K | 50,000 | -0.07pp | 27q | HELD | |
| PINTEREST INC | PINS | $841.2K | 40,000 | +0.03pp | 2q | +60.0%+$315.4K | |
| GENERAL MTRS CO | GM | $770.8K | 10,000 | -0.11pp | 3q | -20.0%-$192.7K | |
| COMPASS PATHWAYS PLC | CMPS | $767.6K | 54,250 | +0.07pp | 2q | +27.6%+$166.3K | |
| PROTHENA CORP PLC | PRTA | $717.1K | 73,247 | -0.06pp | 22q | HELD | |
| ZENAS BIOPHARMA INC | ZBIO | $715.3K | 28,184 | - | new | NEW | |
| ALPHABET INC PUT | GOOGL | $714.7K | options only | -1.33pp | 3q | OPTIONS | |
| VIRIDIAN THERAPEUTICS INC | VRDN | $698.1K | 38,000 | -0.04pp | 13q | +18.2%+$107.5K | |
| LENSAR INC | LNSR | $675.0K | 118,217 | -0.07pp | 23q | HELD | |
| TURNING PT BRANDS INC | TPB | $636.1K | 7,500 | -0.05pp | 25q | +7.1%+$42.4K | |
| SAVARA INC | SVRA | $616.0K | 100,000 | - | new | NEW | |
| ANAPTYSBIO INC | ANAB | $615.2K | 9,114 | -0.17pp | 6q | -51.5%-$652.1K | |
| O-I GLASS INC | OI | $577.8K | 60,000 | -0.07pp | 14q | HELD | |
| HOME DEPOT INC | HD | $529.0K | 1,500 | - | new | NEW | |
| SPOTIFY TECHNOLOGY S A | SPOT | $528.0K | 1,150 | -0.20pp | 14q | -8.0%-$45.9K | |
| INFLARX NV | IFRX | $511.8K | 228,500 | +0.05pp | 3q | +44.2%+$156.8K | |
| SANOFI SA CALL | SNY | $426.6K | options only | flat | 3q | OPTIONS | |
| SERVICENOW INC | NOW | $372.3K | 3,750 | - | new | NEW | |
| TELADOC HEALTH INC | TDOC | $360.4K | 42,500 | - | new | NEW | |
| ISHARES BITCOIN TRUST ETF CALL | IBIT | $316.3K | options only | -0.02pp | 2q | OPTIONS | |
| MEDTRONIC PLC | MDT | $234.7K | 3,000 | - | new | NEW | |
| ALTIMMUNE INC CALL | ALT | $157.2K | 14,700 | -0.01pp | 3q | HELD | |
| ARDELYX INC | ARDX | $112.2K | 22,000 | -0.01pp | 5q | +10.0%+$10.2K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Funds & ETFs | $167.1M | 29.5% |
| Semiconductors & Electronics | $162.9M | 28.8% |
| Biotech & Pharma | $98.4M | 17.4% |
| Software & IT Services | $41.6M | 7.4% |
| Retail & Consumer | $21.0M | 3.7% |
| Capital Markets | $15.2M | 2.7% |
| Banks & Lending | $11.8M | 2.1% |
| Business Services | $8.5M | 1.5% |
| Other sectors | $28.0M | 4.9% |
| Not classified | $11.3M | 2.0% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +62.1% | +14.8% | +47.3% | 98% |
| Q1 2026 | -1.4% | -4.6% | +3.2% | 94% |
| Q4 2025 | +21.2% | +2.4% | +18.8% | 80% |
| Q3 2025 | +20.5% | +7.8% | +12.7% | 96% |
| Q2 2025 | +9.6% | +10.5% | -0.8% | 97% |
| Q1 2025 | -0.5% | -4.6% | +4.1% | 89% |
| Q4 2024 | -0.5% | +2.1% | -2.6% | 95% |
| Q3 2024 | +4.2% | +5.4% | -1.2% | 97% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $565.8M | 86 | 12 | 22 | 19 | 5 | 67.7% | 41 |
| Q1 2026 | $375.1M | 79 | 7 | 11 | 30 | 10 | 56.6% | 41 |
| Q4 2025 | $372.8M | 82 | 25 | 12 | 21 | 27 | 50.8% | 42 |
| Q3 2025 | $311.2M | 84 | 24 | 22 | 13 | 15 | 45.6% | 43 |
| Q2 2025 | $215.8M | 75 | 3 | 27 | 18 | 5 | 42.5% | 43 |
| Q1 2025 | $208.9M | 77 | 20 | 24 | 18 | 24 | 42.9% | 39 |
| Q4 2024 | $206.7M | 81 | 15 | 28 | 18 | 16 | 41.2% | 42 |
| Q3 2024 | $250.2M | 82 | 5 | 18 | 33 | 8 | 52.5% | 44 |
| Q2 2024 | $194.1M | 85 | 15 | 25 | 11 | 6 | 45.7% | 43 |
| Q1 2024 | $203.0M | 76 | 6 | 20 | 14 | 5 | 50.9% | 45 |
| Q4 2023 | $184.3M | 75 | 7 | 17 | 31 | 13 | 51.6% | 44 |
| Q3 2023 | $183.6M | 81 | 7 | 22 | 22 | 3 | 51.7% | 44 |
| Q2 2023 | $189.3M | 77 | 17 | 21 | 15 | 3 | 55.4% | 40 |
| Q1 2023 | $163.4M | 63 | 12 | 16 | 16 | 13 | 58.1% | 45 |
| Q4 2022 | $148.0M | 64 | 11 | 14 | 23 | 11 | 55.5% | 44 |
| Q3 2022 | $154.8M | 64 | 14 | 17 | 17 | 15 | 51.4% | 45 |
| Q2 2022 | $167.9M | 65 | 15 | 15 | 20 | 9 | 52.3% | 42 |
| Q1 2022 | $228.3M | 59 | 10 | 14 | 20 | 21 | 62.0% | 43 |
| Q4 2021 | $246.6M | 70 | 6 | 18 | 14 | 11 | 57.0% | 41 |
| Q3 2021 | $226.5M | 75 | 9 | 20 | 17 | 18 | 53.0% | 46 |
| Q2 2021 | $282.2M | 84 | 15 | 16 | 27 | 19 | 55.4% | 44 |
| Q1 2021 | $230.1M | 88 | 19 | 17 | 29 | 22 | 46.5% | 42 |
| Q4 2020 | $242.4M | 91 | 25 | 20 | 22 | 20 | 46.6% | 43 |
| Q3 2020 | $195.6M | 86 | 22 | 21 | 18 | 6 | 45.5% | 44 |
| Q2 2020 | $178.7M | 70 | 17 | 17 | 24 | 10 | 49.9% | 44 |
| Q1 2020 | $152.9M | 63 | 13 | 21 | 10 | 11 | 58.6% | 42 |
| Q4 2019 | $157.9M | 61 | 0 | 0 | 0 | 0 | 50.5% | 43 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.