Boxer Capital Management, LLC
Boxer Capital Management, LLC is a hedge fund based in San Diego, California, United States. The firm was incorporated in Delaware and primarily manages investments in the biotechnology and life sciences sectors. As of June 2025, it manages around $199 million in regulatory assets and employs approximately 19 professionals, with the majority in investment roles. Founded in the 2010s, Boxer Capital serves institutional clients and high net-worth individuals, focusing on public and private healthcare sector investments.
Investment Strategy
Boxer Capital Management focuses on investments primarily in the biotechnology and life sciences industries, employing a fundamental, research-driven approach. The firm seeks to create long-term value by investing in innovative public and private healthcare companies, maintaining a concentrated portfolio with significant stakes in select biotech firms. Their strategy includes both long and short positions, with active monitoring of portfolio companies and a willingness to engage with management teams when appropriate.
Top Holdings
Equity Positions (20)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
T TNGX | TANGO THERAPEUTICS INC | 25.18% | $50.0M | 9,771,485 | $3.09 | $5.12 | +$35.8M |
R RVMD | REVOLUTION MEDICINES INC | 14.69% | $29.2M | 792,977 | $43.74 | $36.79 | -$17.4M |
R REPL | REPLIMUNE GROUP INC | 10.34% | $20.5M | 2,211,341 | $11.58 | $9.29 | +$3.0M |
M MRUS | MERUS N V | 9.66% | $19.2M | 365,000 | $42.05 | $52.60 | -$10.3M |
K KYMR | KYMERA THERAPEUTICS INC | 9.49% | $18.9M | 432,010 | $41.07 | $43.64 | +$10.0M |