Braidwell LP
Braidwell LP is a Delaware-based hedge fund founded in 2021 by Alex Karnal and Brian Kreiter, with headquarters in Stamford, Connecticut. The firm focuses on investing in the healthcare sector, leveraging deep industry expertise. Braidwell LP manages over $5 billion in assets and employs around 38 professionals, most of whom are investment experts. The firm primarily serves institutional clients and high-net-worth individuals, aiming to generate value through fundamental research and life sciences sector specialization.
Investment Strategy
Braidwell LP employs a fundamental, research-driven investment approach focused predominantly on the healthcare and life sciences sectors. The firm identifies investment opportunities by leveraging sector expertise, seeking alpha through in-depth company analysis, and taking both long and short positions. Braidwell invests across the capital structure, including public equities and private investments, with a goal to capture growth and innovation in healthcare, biotechnology, and related fields. The strategy is designed to deliver risk-adjusted returns by capitalizing on transformative trends and scientific advancements within healthcare.
Top Holdings
Equity Positions (45)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
C CAI | CARIS LIFE SCIENCES INC | 6.69% | $195.5M | 7,316,142 | $26.72 | $26.72 | +$195.5M |
N NBIX | NEUROCRINE BIOSCIENCES INC | 4.99% | $145.9M | 1,160,425 | $106.29 | $125.69 | +$14.0M |
X XENE | XENON PHARMACEUTICALS INC | 3.86% | $112.8M | 3,605,029 | $36.31 | $31.30 | +$21.9M |
A ARGX | ARGENX SE | 3.67% | $107.2M | 194,491 | $499.16 | $551.22 | +$12.0M |
K KRYS | KRYSTAL BIOTECH INC | 3.42% | $100.0M | 727,811 | $149.27 | $137.46 | +$27.8M |