Latest Polygon Management Ltd. Stock Portfolio
Polygon Management Ltd. Performance:
2025 Q4: 13.75%YTD: 19.65%2024: -20.08%
Performance for 2025 Q4 is 13.75%, and YTD is 19.65%, and 2024 is -20.08%.
About Polygon Management Ltd. and 13F Hedge Fund Stock Holdings
On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, TFG Asset Management GP Ltd reported an equity portfolio of $474.3 Millions as of 31 Dec, 2025.
The top stock holdings of TFG Asset Management GP Ltd are PATH, KGEIF, LYFT. The fund has invested 60.3% of it's portfolio in UIPATH INC and 5.8% of portfolio in KOLIBRI GLOBAL ENERGY INC.
The fund managers got completely rid off TARSUS PHARMACEUTICALS INC (TARS), ISHARES TR (AAXJ) and SCHOLAR ROCK HLDG CORP (SRRK) stocks. They significantly reduced their stock positions in AXSOME THERAPEUTICS INC (AXSM), CELLDEX THERAPEUTICS INC NEW (CLDX) and MBX BIOSCIENCES INC. TFG Asset Management GP Ltd opened new stock positions in PRAXIS PRECISION MEDICINES I (PRAX), RAPT THERAPEUTICS INC (RAPT) and AGIOS PHARMACEUTICALS INC (AGIO). The fund showed a lot of confidence in some stocks as they added substantially to KRYSTAL BIOTECH INC (KRYS), AMICUS THERAPEUTICS INC (FOLD) and ALKERMES PLC (ALKS).
The top stock holdings of TFG Asset Management GP Ltd are PATH, KGEIF, LYFT. The fund has invested 60.3% of it's portfolio in UIPATH INC and 5.8% of portfolio in KOLIBRI GLOBAL ENERGY INC.
The fund managers got completely rid off TARSUS PHARMACEUTICALS INC (TARS), ISHARES TR (AAXJ) and SCHOLAR ROCK HLDG CORP (SRRK) stocks. They significantly reduced their stock positions in AXSOME THERAPEUTICS INC (AXSM), CELLDEX THERAPEUTICS INC NEW (CLDX) and MBX BIOSCIENCES INC. TFG Asset Management GP Ltd opened new stock positions in PRAXIS PRECISION MEDICINES I (PRAX), RAPT THERAPEUTICS INC (RAPT) and AGIOS PHARMACEUTICALS INC (AGIO). The fund showed a lot of confidence in some stocks as they added substantially to KRYSTAL BIOTECH INC (KRYS), AMICUS THERAPEUTICS INC (FOLD) and ALKERMES PLC (ALKS).
Polygon Management Ltd. Annual Return Estimates Vs S&P 500
Our best estimate is that Tetragon Partners GP Ltd made a return of 13.75% in the last quarter. In trailing 12 months, it's portfolio return was 19.65%.
- Performance
- S&P 500
New Buys
| Ticker | $ Bought |
|---|---|
| praxis precision medicines i | 6,764,870 |
| rapt therapeutics inc | 4,463,050 |
| agios pharmaceuticals inc | 4,410,130 |
| harmony biosciences hldgs in | 3,099,270 |
| nektar therapeutics | 2,929,450 |
| maplight therapeutics inc | 2,889,880 |
| silence therapeutics plc | 2,221,440 |
| zevra therapeutics inc | 1,724,960 |
New stocks bought by Polygon Management Ltd.
Additions
| Ticker | % Inc. |
|---|---|
| krystal biotech inc | 142 |
| amicus therapeutics inc | 115 |
| alkermes plc | 57.54 |
| arrowhead pharmaceuticals in | 18.44 |
| dyne therapeutics inc | 11.12 |
| amylyx pharmaceuticals inc | 5.65 |
| uipath inc | 2.95 |
Additions to existing portfolio by Polygon Management Ltd.
Reductions
| Ticker | % Reduced |
|---|---|
| axsome therapeutics inc | -42.02 |
| celldex therapeutics inc new | -19.7 |
| mbx biosciences inc | -19.41 |
| immunovant inc | -11.78 |
| annexon inc | -3.79 |
| kolibri global energy inc | -1.92 |
Polygon Management Ltd. reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| alibaba group hldg ltd | -174,848,000 |
| lithium argentina ag | -24,562,800 |
| cable one inc | -20,772,700 |
| progress software corp | -20,594,400 |
| oatly group ab | -18,418,400 |
| first majestic silver corp | -7,967,750 |
| celcuity inc | -7,442,740 |
| tectonic therapeutic inc | -3,824,090 |
Polygon Management Ltd. got rid off the above stocks
Sector Distribution
Tetragon Partners GP Ltd has about 71.2% of it's holdings in Technology sector.
- Technology
- Healthcare
- Others
| Sector | % |
|---|---|
| Technology | 71.2 |
| Healthcare | 15.3 |
| Others | 13.5 |
Market Cap. Distribution
Tetragon Partners GP Ltd has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.
- MID-CAP
- UNALLOCATED
- SMALL-CAP
| Category | % |
|---|---|
| MID-CAP | 75.7 |
| UNALLOCATED | 13.5 |
| SMALL-CAP | 10.3 |
Stocks belong to which Index?
About 19.6% of the stocks held by Tetragon Partners GP Ltd either belong to S&P 500 or RUSSELL 2000 index.
- Others
- RUSSELL 2000
| Index | % |
|---|---|
| Others | 80.4 |
| RUSSELL 2000 | 19.6 |
Polygon Management Ltd. Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Polygon Management Ltd.
Tetragon Partners GP Ltd has 28 stocks in it's portfolio. About 86.8% of the portfolio is in top 10 stocks. KGEIF proved to be the most loss making stock for the portfolio. PATH was the most profitable stock for Tetragon Partners GP Ltd last quarter.
Last Reported on: 17 Feb, 2026| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AAXJ | ishares tr | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| ACAD | acadia pharmaceuticals inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| AG | first majestic silver corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| AGIO | agios pharmaceuticals inc | 0.93 | 162,018 | 4,410,130 | new | |||
| ALKS | alkermes plc | 0.83 | 141,172 | 3,949,990 | added | 57.54 | ||
| AMLX | amylyx pharmaceuticals inc | 0.70 | 272,828 | 3,295,760 | added | 5.65 | ||
| ANNX | annexon inc | 2.15 | 2,032,460 | 10,202,900 | reduced | -3.79 | ||
| ARWR | arrowhead pharmaceuticals in | 1.36 | 96,935 | 6,435,520 | added | 18.44 | ||
| AUTL | autolus therapeutics plc | 3.99 | 9,500,000 | 18,905,000 | unchanged | 0.00 | ||
| AXSM | axsome therapeutics inc | 1.04 | 26,934 | 4,919,230 | reduced | -42.02 | ||
| BABA | alibaba group hldg ltd | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CABO | cable one inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CCJ | cameco corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CELC | celcuity inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CLDX | celldex therapeutics inc new | 1.40 | 243,800 | 6,621,610 | reduced | -19.7 | ||
| CXM | sprinklr inc | 3.61 | 2,200,000 | 17,116,000 | unchanged | 0.00 | ||
| DSX | diana shipping inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| DYN | dyne therapeutics inc | 1.02 | 247,997 | 4,850,820 | added | 11.12 | ||
| FOLD | amicus therapeutics inc | 0.78 | 260,771 | 3,713,380 | added | 115 | ||
| HBM | hudbay minerals inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||