On February 17, 2026, Logos Global Management LP disclosed in a Securities and Exchange Commission filing that it bought 1,100,000 shares of Immunovant (NASDAQ:IMVT), an estimated $24.53 million trade based on quarterly average pricing.
-
Logos bought 1,100,000 additional shares of Immunovant, a transaction estimated at $24.5 million based on average quarterly closing prices.
-
The full position grew by roughly $6.1 million in total value over the quarter, reflecting both the new shares and price movement in the stock.
-
Logos finished the quarter holding 1,375,000 Immunovant shares, valued at roughly $34.95 million which represents 2.11% of the fund’s AUM, placing it outside the fund’s top five holdings
According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, Logos Global Management LP increased its position in Immunovant by 1,100,000 shares during the fourth quarter of 2025. The estimated transaction value was $24.4 million, based on the average closing price in the quarter. The value of the stake at quarter-end rose by $6.1 million, a figure that includes both trading and market price effects.
-
After the buy Immunovant accounts for 2.11% of the fund’s 13F assets under management (AUM)
-
Top holdings after the filing:
-
NASDAQ:RVMD: $238.50 million (14.4% of AUM)
-
NASDAQ:PRAX: $110.53 million (6.7% of AUM)
-
NASDAQ:IDYA: $108.03 million (6.5% of AUM)
-
NASDAQ:OLMA: $80.22 million (4.9% of AUM)
-
NASDAQ:CDTX: $68.48 million (4.1% of AUM)
-
-
As of March 13 2026, shares of Immunovant were priced at $24.72, up 29.3% over the past year and outperforming the S&P 500 by 10.58%.
|
Metric |
Value |
|---|---|
|
Price (as of market close 3/13/26) |
$24.70 |
|
Market Capitalization |
$5.03 billion |
|
Net Income (TTM) |
($464.20 million) |
|
1-Year Price Change |
29.24% |
-
Immunovant is a subsidiary of Roivant Sciences (NASDAQ: ROIV) focused on monoclonal antibody therapeutics for autoimmune diseases.What this transaction means for investors
-
Its lead candidate, batoclimab, has completed Phase III trials in myasthenia gravis and is in ongoing Phase III trials for thyroid eye disease, with results expected in the first half of 2026.
-
The company has no approved products yet — revenue depends entirely on successful clinical and regulatory outcomes.
Immunovant is advancing batoclimab across multiple autoimmune indications, with no approved products yet and a regulatory path that hinges on ongoing Phase III outcomes.
Logos Global Management is a San Francisco-based, healthcare-focused hedge fund running a concentrated, research-driven book in life sciences and biotech. This isn’t a generalist fund dipping into the sector — it’s the kind of firm that does deep scientific and regulatory diligence before sizing up a position.
