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Krensavage Asset Management, LLC

CIK:0001609251
Hedge Fund
$221M AUM
15 holdings
New York, NY, US
Founded:2002
10 employees
Latest filing:Jun 30, 2025

Krensavage Asset Management, LLC is a hedge fund manager headquartered in New York, NY, United States. The firm manages equity portfolios primarily for institutional investors and high-net-worth individuals. Founded in 2002 by Michael Krensavage, it focuses on deep fundamental research, primarily within the healthcare, biotechnology, and pharmaceutical sectors. The employee count appears to be under 20.

Investment Strategy

Krensavage Asset Management employs a value-oriented, long/short equity strategy focusing on small- and mid-cap companies, particularly in healthcare and pharmaceuticals. The firm uses deep fundamental research to identify undervalued companies with catalysts for revaluation, combining concentrated positions with active risk management.

Latest 13F Filing Activity

Krensavage Asset Management, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 15 equity positions with a total 13F market value of $189M. The fund increased holdings in Johnson & Johnson, Indivior PLC, Jazz Pharmaceuticals PLC among other positions. Krensavage Asset Management, LLC reduced exposure to Exelixis Inc., Cardinal Health Inc., United Therapeutics Corp. among others.

Top Buys
J
JNJJOHNSON & JOHNSON
+$6.1M
I
INDVINDIVIOR PLC
+$5.2M
J
JAZZJAZZ PHARMACEUTICALS PLC
+$5.0M
E
ENTAENANTA PHARMACEUTICALS INC
+$4.3M
R
REGNREGENERON PHARMACEUTICALS
+$2.1M
Top Sells
E
EXELEXELIXIS INC
-$10.7M
C
CAHCARDINAL HEALTH INC
-$3.5M
U
UTHRUNITED THERAPEUTICS CORP
-$1.2M
S
SNYSANOFI-ADR
-$1.1M
A
AVDLAVADEL PHARMACEUTICALS
+$1.0M

Top Holdings

U
UTHRUNITED THERAPEUTICS CORP
+15.4%$29.1M
C
CAHCARDINAL HEALTH INC
+11.9%$22.5M
E
EXELEXELIXIS INC
+11.5%$21.8M
J
JAZZJAZZ PHARMACEUTICALS PLC
+9.3%$17.5M
E
ENTAENANTA PHARMACEUTICALS INC
+8.5%$16.0M

Equity Positions (15)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
UNITED THERAPEUTICS CORP15.38%$29.1M101,146$135.12$287.35-$1.2M
CARDINAL HEALTH INC11.89%$22.5M133,745$60.19$168.00-$3.5M
EXELIXIS INC11.51%$21.8M493,526$19.09$44.08-$10.7M
JAZZ PHARMACEUTICALS PLC9.26%$17.5M164,816$115.61$106.12+$5.0M
ENANTA PHARMACEUTICALS INC8.46%$16.0M2,114,444$20.19$7.56+$4.3M

Industry Allocation

PHARMACEUTICAL PREPARATIONS
+82.0%
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
+13.1%
WHOLESALE-DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES
+4.9%