ADAR1 Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
2SEVENTY BIO INC	COMMON STOCK	901384107	4,270	1,000	SH		SOLE		1,000	0	0
89BIO INC	COM	282559103	4,803	430	SH		SOLE		430	0	0
99 ACQUISITION GROUP INC	UNIT 99/99/9999	65445K200	77,325	7,500	SH		SOLE		7,500	0	0
AB ACTIVE ETFS INC	ULTRA SHORT INCM	00039J103	502,900	10,000	SH		SOLE		10,000	0	0
ACASTI PHARMA INC	CL A	00430K865	99,797	34,532	SH		SOLE		34,532	0	0
ACELYRIN INC	COM	00445A100	52,220	7,000	SH		SOLE		7,000	0	0
AI TRANSN ACQUISITION CORP	UNIT 99/99/9999	G01490138	76,575	7,500	SH		SOLE		7,500	0	0
AIMFINITY INVESTMENT CORP I	*W EXP 04/21/202	G0135E126	675	18,000	SH		SOLE		18,000	0	0
AKERO THERAPEUTICS INC	COM	00973Y108	373,600	16,000	SH		SOLE		16,000	0	0
ALGONQUIN PWR UTILS CORP	COM	015857105	316,000	50,000	SH		SOLE		50,000	0	0
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	1,818,395	9,500	SH		SOLE		9,500	0	0
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	43,756,326	228,600	SH	Put	SOLE		228,600	0	0
ALPINE IMMUNE SCIENCES INC	COM	02083G100	57,695	3,027	SH		SOLE		3,027	0	0
ALTERYX INC	COM CL A	02156B103	2,925,712	62,038	SH		SOLE		62,038	0	0
ALTIMMUNE INC	COM NEW	02155H200	43,875	3,900	SH	Put	SOLE		3,900	0	0
ALTRIA GROUP INC	COM	02209S103	242,040	6,000	SH		SOLE		6,000	0	0
AMPLIFY ENERGY CORP NEW	COM	03212B103	41,990	7,081	SH		SOLE		7,081	0	0
AMYLYX PHARMACEUTICALS INC	COM	03237H101	1,141,654	77,558	SH		SOLE		77,558	0	0
AMYLYX PHARMACEUTICALS INC	COM	03237H101	176,640	12,000	SH	Call	SOLE		12,000	0	0
AMYLYX PHARMACEUTICALS INC	COM	03237H101	468,096	31,800	SH	Put	SOLE		31,800	0	0
ANEBULO PHARMACEUTICALS INC	COM	034569103	2,945	1,217	SH		SOLE		1,217	0	0
ANGIODYNAMICS INC	COM	03475V101	1,042,422	132,962	SH		SOLE		132,962	0	0
ANI PHARMACEUTICALS INC	COM	00182C103	132,336	2,400	SH		SOLE		2,400	0	0
ARBUTUS BIOPHARMA CORP	COM	03879J100	8,672,060	3,468,824	SH		SOLE		3,468,824	0	0
ARBUTUS BIOPHARMA CORP	COM	03879J100	444,250	177,700	SH	Call	SOLE		177,700	0	0
ARCUTIS BIOTHERAPEUTICS INC	COM	03969K108	888,250	275,000	SH		SOLE		275,000	0	0
ARGENX SE	SPONSORED ADR	04016X101	26,630	70	SH		SOLE		70	0	0
ARROWHEAD PHARMACEUTICALS IN	COM	04280A100	9,180	300	SH		SOLE		300	0	0
ARVINAS INC	COM	04335A105	32,928	800	SH	Put	SOLE		800	0	0
ASCENDIS PHARMA A/S	SPONSORED ADR	04351P101	5,779,090	45,884	SH		SOLE		45,884	0	0
ASTRIA THERAPEUTICS INC	COM	04635X102	1,468,808	191,251	SH		SOLE		191,251	0	0
AVADEL PHARMACEUTICALS PLC	SPONSORED ADR	05337M104	28,240	2,000	SH		SOLE		2,000	0	0
AVROBIO INC	COM	05455M100	68,200	50,147	SH		SOLE		50,147	0	0
BAUSCH PLUS LOMB CORP	COMMON SHARES	071705107	59,710	3,500	SH		SOLE		3,500	0	0
BEIGENE LTD	SPONSORED ADR	07725L102	365,770	2,028	SH		SOLE		2,028	0	0
BICYCLE THERAPEUTICS PLC	SPONSORED ADS	088786108	1,352,836	74,825	SH		SOLE		74,825	0	0
BICYCLE THERAPEUTICS PLC	SPONSORED ADS	088786108	978,128	54,100	SH	Put	SOLE		54,100	0	0
BRAINSTORM CELL THERAPEUTICS	COM NEW	10501E201	27,491	100,700	SH	Put	SOLE		100,700	0	0
BRIDGEBIO PHARMA INC	COM	10806X102	7,473,981	185,137	SH		SOLE		185,137	0	0
BURFORD CAP LTD	ORD SHS	G17977110	164,736	10,560	SH		SOLE		10,560	0	0
CELLECTAR BIOSCIENCES INC	COM NEW	15117F807	3,817,287	1,378,082	SH		SOLE		1,378,082	0	0
CEREVEL THERAPEUTICS HLDNG I	COM	15678U128	4,693,680	110,700	SH		SOLE		110,700	0	0
CEREVEL THERAPEUTICS HLDNG I	COM	15678U128	2,128,480	50,200	SH	Put	SOLE		50,200	0	0
CETUS CAP ACQUISITION CORP	RIGHT 03/31/2024	15719Y121	873	4,999	SH		SOLE		4,999	0	0
CETUS CAP ACQUISITION CORP	CLASS A COM	15719Y105	52,500	5,000	SH		SOLE		5,000	0	0
CETUS CAP ACQUISITION CORP	*W EXP 01/31/202	15719Y113	72	5,000	SH		SOLE		5,000	0	0
CLENE INC	COMMON STOCK	185634102	3,411	11,500	SH		SOLE		11,500	0	0
CORTEVA INC	COM	22052L104	2,779,360	58,000	SH		SOLE		58,000	0	0
CYTOKINETICS INC	COM NEW	23282W605	7,687,926	92,082	SH		SOLE		92,082	0	0
CYTOKINETICS INC	COM NEW	23282W605	6,111,468	73,200	SH	Call	SOLE		73,200	0	0
CYTOKINETICS INC	COM NEW	23282W605	292,215	3,500	SH	Put	SOLE		3,500	0	0
DELCATH SYS INC	COM NEW	24661P807	962,216	231,302	SH		SOLE		231,302	0	0
DESIGN THERAPEUTICS INC	COM	25056L103	5,300	2,000	SH		SOLE		2,000	0	0
DIANTHUS THERAPEUTICS INC	COM	252828108	5,002	481	SH		SOLE		481	0	0
ECD AUTOMOTIVE DESIGN INC	*W EXP 12/12/202	27877D112	1,304	32,596	SH		SOLE		32,596	0	0
EMBRACE CHANGE ACQUISITN COR	RIGHT 10/25/2026	G3034H141	2,718	18,000	SH		SOLE		18,000	0	0
EMBRACE CHANGE ACQUISITN COR	*W EXP 10/25/202	G3034H125	234	18,000	SH		SOLE		18,000	0	0
ENDEAVOR GROUP HLDGS INC	CL A COM	29260Y109	59,325	2,500	SH		SOLE		2,500	0	0
EQUILLIUM INC	COM	29446K106	4,700	6,500	SH		SOLE		6,500	0	0
EYEPOINT PHARMACEUTICALS INC	COM NEW	30233G209	18,488	800	SH	Put	SOLE		800	0	0
FEUTUNE LIGHT ACQUISITION CO	RIGHT 06/01/2029	31561T128	1,275	15,000	SH		SOLE		15,000	0	0
FEUTUNE LIGHT ACQUISITION CO	CL A COM	31561T102	162,150	15,000	SH		SOLE		15,000	0	0
FEUTUNE LIGHT ACQUISITION CO	*W EXP 06/01/202	31561T110	180	15,000	SH		SOLE		15,000	0	0
FOUR LEAF ACQUISITION CORP	COM CL A	35088F107	105,200	10,000	SH		SOLE		10,000	0	0
FOUR LEAF ACQUISITION CORP	*W EXP 03/15/202	35088F115	285	9,487	SH		SOLE		9,487	0	0
FULCRUM THERAPEUTICS INC	COM	359616109	4,302,484	637,405	SH		SOLE		637,405	0	0
FUTURETECH II ACQUISITION CO	*W EXP 08/18/202	36119D111	447	30,000	SH		SOLE		30,000	0	0
GERON CORP	COM	374163103	36,492	17,295	SH		SOLE		17,295	0	0
GLOBAL STAR ACQUISITION INC	RIGHT 06/21/2024	37962G128	12,764	118,400	SH		SOLE		118,400	0	0
GLOBAL STAR ACQUISITION INC	CLASS A COM	37962G102	848,000	80,000	SH		SOLE		80,000	0	0
GLOBAL STAR ACQUISITION INC	*W EXP 07/15/202	37962G110	1,200	120,000	SH		SOLE		120,000	0	0
GORES HOLDINGS IX INC	CLASS A COM	38287A101	315,452	30,043	SH		SOLE		30,043	0	0
GOSSAMER BIO INC	COM	38341P102	650,638	713,028	SH		SOLE		713,028	0	0
GREENLIGHT CAPITAL RE LTD	CLASS A	G4095J109	388,554	34,024	SH		SOLE		34,024	0	0
HOMOLOGY MEDICINES INC	COM	438083107	178,555	293,676	SH		SOLE		293,676	0	0
HOWARD HUGHES HOLDINGS INC	COM	44267T102	256,650	3,000	SH		SOLE		3,000	0	0
IMMATICS N.V	SHS	N44445109	231,660	22,000	SH		SOLE		22,000	0	0
IMMUNOGEN INC	COM	45253H101	1,908,126	64,355	SH		SOLE		64,355	0	0
IMMUNOGEN INC	COM	45253H101	59,300	2,000	SH	Call	SOLE		2,000	0	0
IMMUNOVANT INC	COM	45258J102	5,650,686	134,125	SH		SOLE		134,125	0	0
INDIVIOR PLC	ORD	G4766E116	368,022	24,101	SH		SOLE		24,101	0	0
IOVANCE BIOTHERAPEUTICS INC	COM	462260100	40,650	5,000	SH		SOLE		5,000	0	0
IRON HORSE ACQUISITIONS CORP	UNIT 10/15/2028	462837204	251,000	25,000	SH		SOLE		25,000	0	0
ISHARES TR	SHORT TREAS BD	464288679	2,698,185	24,500	SH		SOLE		24,500	0	0
ISHARES TR	US TREAS BD ETF	46429B267	460,800	20,000	SH		SOLE		20,000	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	1,230,600	15,000	SH		SOLE		15,000	0	0
J P MORGAN EXCHANGE TRADED F	ULTRA SHRT INC	46641Q837	2,461,270	49,000	SH		SOLE		49,000	0	0
KARUNA THERAPEUTICS INC	COM	48576A100	3,165,100	10,000	SH		SOLE		10,000	0	0
KEEN VISION ACQUISITION CORP	UNIT 99/99/9999	G52443101	777,000	75,000	SH		SOLE		75,000	0	0
KENSINGTON CAPITAL ACQUISITI	SHS CL A	G5251K103	96,210	9,000	SH		SOLE		9,000	0	0
KENVUE INC	COM	49177J102	1,147,398	53,293	SH		SOLE		53,293	0	0
KEROS THERAPEUTICS INC	COM	492327101	27,367,444	688,316	SH		SOLE		688,316	0	0
KINIKSA PHARMACEUTICALS LTD	COM CL A	G5269C101	1,841,700	105,000	SH		SOLE		105,000	0	0
KOHLS CORP	COM	500255104	57,360	2,000	SH		SOLE		2,000	0	0
KRANESHARES TR	CSI CHI INTERNET	500767306	54,000	2,000	SH		SOLE		2,000	0	0
LEXARIA BIOSCIENCE CORP	COM NEW	52886N406	2,032	1,626	SH		SOLE		1,626	0	0
LONGBOARD PHARMACEUTICALS IN	COM	54300N103	4,824	800	SH		SOLE		800	0	0
MADRIGAL PHARMACEUTICALS INC	COM	558868105	115,690	500	SH	Put	SOLE		500	0	0
MAGNACHIP SEMICONDUCTOR CORP	COM	55933J203	52,500	7,000	SH		SOLE		7,000	0	0
MASIMO CORP	COM	574795100	6,798	58	SH		SOLE		58	0	0
MERCK & CO INC	COM	58933Y105	5,887,080	54,000	SH		SOLE		54,000	0	0
MERRIMACK PHARMACEUTICALS IN	COM NEW	590328209	7,367,695	549,418	SH		SOLE		549,418	0	0
MERUS N V	COM	N5749R100	660,000	24,000	SH		SOLE		24,000	0	0
MIRATI THERAPEUTICS INC	COM	60468T105	6,345,000	108,000	SH		SOLE		108,000	0	0
MITEK SYS INC	COM NEW	606710200	99,104	7,600	SH		SOLE		7,600	0	0
NCR ATLEOS CORPORATION	COM SHS	63001N106	24,290	1,000	SH		SOLE		1,000	0	0
NCR VOYIX CORPORATION	COM	62886E108	33,820	2,000	SH		SOLE		2,000	0	0
NEUROGENE INC	COM	64135M105	104,749	5,405	SH		SOLE		5,405	0	0
NEWAMSTERDAM PHARMA COMPANY	*W EXP 11/22/202	N62509117	259,342	82,857	SH		SOLE		82,857	0	0
NEXTCURE INC	COM	65343E108	68,872	60,414	SH		SOLE		60,414	0	0
NOVO-NORDISK A S	ADR	670100205	656,908	6,350	SH		SOLE		6,350	0	0
NUBIA BRAND INTERNATIONAL CO	*W EXP 11/16/202	67022R111	634	13,500	SH		SOLE		13,500	0	0
OAK WOODS ACQUISITION CORP	RIGHT 03/23/2028	67190B120	4,500	30,000	SH		SOLE		30,000	0	0
OAK WOODS ACQUISITION CORP	CL A	67190B104	315,900	30,000	SH		SOLE		30,000	0	0
OAK WOODS ACQUISITION CORP	*W EXP 03/23/202	67190B112	780	30,000	SH		SOLE		30,000	0	0
OMNIAB INC	COM	68218J103	2,950,315	478,171	SH		SOLE		478,171	0	0
ORCHARD THERAPEUTICS PLC	SPON ADS NEW	68570P200	1,046,582	63,622	SH		SOLE		63,622	0	0
OVID THERAPEUTICS INC	COM	690469101	42,652	13,246	SH		SOLE		13,246	0	0
PERSPECTIVE THERAPEUTICS INC	COM	46489V104	16,964	42,200	SH		SOLE		42,200	0	0
PFIZER INC	COM	717081103	500,946	17,400	SH		SOLE		17,400	0	0
PFIZER INC	COM	717081103	1,237,970	43,000	SH	Call	SOLE		43,000	0	0
PGIM ETF TR	PGIM ULTRA SH BD	69344A107	493,900	10,000	SH		SOLE		10,000	0	0
PONO CAP TWO INC	*W EXP 07/31/202	73245B115	558	19,800	SH		SOLE		19,800	0	0
PROTAGONIST THERAPEUTICS INC	COM	74366E102	4,605,697	200,859	SH		SOLE		200,859	0	0
PROTARA THERAPEUTICS INC	COM STK	74365U107	4,114	2,194	SH		SOLE		2,194	0	0
PROTHENA CORP PLC	SHS	G72800108	221,747	6,102	SH		SOLE		6,102	0	0
RAFAEL HLDGS INC	COM CL B	75062E106	4,326	2,364	SH		SOLE		2,364	0	0
RAPT THERAPEUTICS INC	COM	75382E109	186,375	7,500	SH	Put	SOLE		7,500	0	0
RELMADA THERAPEUTICS INC	COM	75955J402	242,608	58,601	SH		SOLE		58,601	0	0
RENEO PHARMACEUTICALS INC	COM	75974E103	64,000	40,000	SH		SOLE		40,000	0	0
REVIVA PHARMACEUTCLS HLDGS I	COM	76152G100	12,875	2,500	SH	Put	SOLE		2,500	0	0
REVOLUTION MEDICINES INC	COM	76155X100	11,472	400	SH		SOLE		400	0	0
RHYTHM PHARMACEUTICALS INC	COM	76243J105	45,970	1,000	SH	Call	SOLE		1,000	0	0
ROIVANT SCIENCES LTD	SHS	G76279101	14,111,517	1,256,591	SH		SOLE		1,256,591	0	0
ROIVANT SCIENCES LTD	SHS	G76279101	44,920	4,000	SH	Call	SOLE		4,000	0	0
ROYALTY PHARMA PLC	SHS CLASS A	G7709Q104	37,130,317	1,321,834	SH		SOLE		1,321,834	0	0
SAREPTA THERAPEUTICS INC	COM	803607100	777,419	8,062	SH		SOLE		8,062	0	0
SCHRODINGER INC	COM	80810D103	71,600	2,000	SH		SOLE		2,000	0	0
SCREAMING EAGLE ACQUISITN CO	CLASS A ORD SHS	G79407105	318,000	30,000	SH		SOLE		30,000	0	0
SILENCE THERAPEUTICS PLC	ADS	82686Q101	3,300	190	SH		SOLE		190	0	0
SOLENO THERAPEUTICS INC	COM	834203309	44,275	1,100	SH	Put	SOLE		1,100	0	0
SOLID BIOSCIENCES INC	COM NEW	83422E204	6,140	1,000	SH		SOLE		1,000	0	0
SPDR SER TR	BLOOMBERG 1-3 MO	78468R663	2,924,480	32,000	SH		SOLE		32,000	0	0
SPERO THERAPEUTICS INC	COM	84833T103	1,569,535	1,067,711	SH		SOLE		1,067,711	0	0
SPYRE THERAPEUTICS INC	COM NEW	00773J202	138,589	6,440	SH		SOLE		6,440	0	0
SSGA ACTIVE ETF TR	ULT SHT TRM BD	78467V707	2,473,840	61,264	SH		SOLE		61,264	0	0
STEEL PARTNERS HLDGS L P	LTD PRTRSHIP U	85814R107	13,640	341	SH		SOLE		341	0	0
STRUCTURE THERAPEUTICS INC	SPONSORED ADS	86366E106	163,040	4,000	SH		SOLE		4,000	0	0
TARO PHARMACEUTICAL INDS LTD	SHS	M8737E108	8,356	200	SH		SOLE		200	0	0
TAYSHA GENE THERAPIES INC	COM SHS	877619106	369,930	209,000	SH		SOLE		209,000	0	0
TENET HEALTHCARE CORP	COM NEW	88033G407	151,140	2,000	SH		SOLE		2,000	0	0
TERNS PHARMACEUTICALS INC	COM	880881107	84,415	13,007	SH		SOLE		13,007	0	0
TEVA PHARMACEUTICAL INDS LTD	SPONSORED ADS	881624209	1,162,243	111,326	SH		SOLE		111,326	0	0
THERAPEUTICSMD INC	COM NEW	88338N206	612,360	272,160	SH		SOLE		272,160	0	0
THESEUS PHARMACEUTICALS INC	COM	88369M101	707,596	174,715	SH		SOLE		174,715	0	0
TMT ACQUISITION CORP	SHS	G89229119	530,000	50,000	SH		SOLE		50,000	0	0
TMT ACQUISITION CORP	RIGHT 03/27/2028	G89229135	10,858	49,900	SH		SOLE		49,900	0	0
TRAVERE THERAPEUTICS INC	COM	89422G107	899	100	SH		SOLE		100	0	0
UNITED THERAPEUTICS CORP DEL	COM	91307C102	1,759,120	8,000	SH		SOLE		8,000	0	0
VANECK ETF TRUST	GOLD MINERS ETF	92189F106	93,030	3,000	SH		SOLE		3,000	0	0
VANGUARD BD INDEX FDS	VANGUARD ULTRA	92203C303	2,482,180	50,206	SH		SOLE		50,206	0	0
VAXCYTE INC	COM	92243G108	6,280	100	SH		SOLE		100	0	0
VENTYX BIOSCIENCES INC	COM	92332V107	32,110	13,000	SH		SOLE		13,000	0	0
VERU INC	COM	92536C103	360,000	500,000	SH		SOLE		500,000	0	0
VIKING THERAPEUTICS INC	COM	92686J106	4,729,750	254,151	SH		SOLE		254,151	0	0
VISTAGEN THERAPEUTICS INC	COM	92840H400	1,261,880	245,502	SH		SOLE		245,502	0	0
VOYAGER THERAPEUTICS INC	COM	92915B106	1,568,945	185,894	SH		SOLE		185,894	0	0
WISDOMTREE TR	FLOATNG RAT TREA	97717Y527	2,813,440	56,000	SH		SOLE		56,000	0	0
Y-MABS THERAPEUTICS INC	COM	984241109	88,967	13,045	SH		SOLE		13,045	0	0
ZAI LAB LTD	ADR	98887Q104	546,600	20,000	SH		SOLE		20,000	0	0