BCAX close: $23.4 on 2024-09-13 to $25.9 on 2026-08-19.
Split-adj closes · 240 of 474 · price returnⓘ
At a glance
Short interest14.5% of sh out
Days to cover20.4d
13F net flow (QoQ)+16.88%
Top-10 13F concentration61.6%
Next report (est.)2026-11-10
SI 2026-07-31 · 13F 2026-Q1ⓘ
Key fundamentalsFY 2025
Earnings (TTM)-$185.4M
ROE−30.9%
FY ratios · TTM sales/earnings (USD)ⓘ
Trailing returns
YTD+53.7%
1Y+124.7%
Since incept. (ann.)+5.3%
Total return · from 2024-09-13ⓘ
Risk
Ann. volatility (1Y)61.9%
Ann. volatility (3Y)76.1%
Sharpe (1Y)1.68
Sharpe (3Y)0.47
Max drawdown (1Y)−26.4%
Max drawdown (3Y)−67.8%
Beta (3Y vs SPY)−0.80
Daily returns, ann.ⓘ
Top institutional holders13F 2026-Q1
Manager
Shares
Value
% sh out
QoQ
RA CAPITAL MANAGEMENT, L.P.
7.3M
$144M
—
+4.3%
T. Rowe Price Investment Management, Inc.
6.6M
$131M
—
+94.2%
Siren, L.L.C.
5.8M
$115M
—
+11.2%
Vestal Point Capital, LP
5.4M
$108M
—
+51.7%
Deep Track Capital, LP
4.1M
$81M
—
+55.4%
JANUS HENDERSON GROUP PLC
3.3M
$66M
—
+26.2%
RED TREE MANAGEMENT, LLC
3.2M
$63M
—
+0.0%
TPG GP A, LLC
3.0M
$60M
—
+0.0%
Δ vs 2025-Q4 · % of shares outstanding not shown: no SEC cover-page share count falls within 120 days of the 2026-Q1 quarter end, so any percentage would rest on a count that cannot speak for this quarter. Holder share counts are shown as filed.ⓘ
Latest reported quarterslast report 2026-08-11
Period end
Reported
EPS
EPS YoY
Revenue
Rev YoY
2026-06-30
2026-08-11
−$0.82
—
—
—
2026-03-31
2026-05-11
−$0.93
—
—
—
2025-09-30
2025-11-10
−$0.67
—
—
—
2025-06-30
2025-08-12
−$0.50
—
—
—
As-reported XBRL · next 2026-11-10 est.ⓘ
Basis & disclosures
EOD closes · nothing imputed or averaged · absent “—”
As-of differs by block · 13F = US long, 45+d lag, LOWER bound
Not investment advice · no recommendation, price target or solicitation
EDGAR + foreign registers · marketstack (licensed EOD) · spzco.com/methodology
