Fund HoldingsVR Adviser, LLC

Total Portfolio Value
$2.02B
Total Bought
$198.19M
Total Sold
$501.90M
Net Transaction
-$303.71M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
APOGEE THERAPEUTICS INC(APGE)8,493,3218,493,3210337,440641,07631.67%+303,636
SPYRE THERAPEUTICS INC(SYRE)2,685,4483,685,448+1,000,00045,008120,7355.96%+75,727
ORUKA THERAPEUTICS INC(ORKA)4,148,4284,148,428079,774125,7396.21%+45,965
SAVARA INC(SVRA)12,681,04313,740,375+1,059,33245,27182,8544.09%+37,583
VIRIDIAN THERAPEUTICS INC(VRDN)3,882,7093,882,709083,789120,8305.97%+37,041
MAZE THERAPEUTICS INC(MAZE)1,230,7691,548,569+317,80031,91464,1573.17%+32,243
CYBIN INC03,840,250+3,840,250031,4131.55%+31,413
ERASCA INC(ERAS)17,857,08317,857,083038,92866,4283.28%+27,500
KALVISTA PHARMACEUTICALS INC6,728,9856,728,985081,959108,6735.37%+26,714
JADE BIOSCIENCES INC3,220,3643,220,364027,79249,6902.45%+21,898
CYTOMX THERAPEUTICS INC15,561,50015,561,500049,64166,2923.27%+16,651
DYNE THERAPEUTICS INC(DYN)2,173,9132,173,913027,50042,5222.10%+15,022
COGENT BIOSCIENCES INC(COGT)4,000,0002,000,000-2,000,00057,44071,0403.51%+13,600
UPSTREAM BIO INC1,169,2981,169,298021,99431,7461.57%+9,752
CRESCENT BIOPHARMA INC.1,387,8642,133,576+745,71216,50225,3041.25%+8,803
ENGENE HOLDINGS INC
COM
5,046,4144,771,414-275,00034,46743,0862.13%+8,619
ZURA BIO LTD4,631,2165,345,115+713,89920,05328,0081.38%+7,955
SURROZEN INC632,931632,93108,15514,3040.71%+6,149
CULLINAN THERAPEUTICS INC(CGEM)1,379,9651,379,96508,18314,2830.71%+6,099
SEPTERNA INC(SEPN)610,808610,808011,48917,0290.84%+5,540
DIANTHUS THERAPEUTICS INC(DNTH)960,8031,000,000+39,19737,80841,2102.04%+3,402
ARTIVA BIOTHERAPEUTICS INC1,609,5691,609,56904,6196,9050.34%+2,286
VOR BIOPHARMA INC(VOR)499,9661,943,766+1,443,80024,35825,4241.26%+1,066
CASI PHARMACEUTICALS INC987,259987,25901,6398390.04%-800
TENAX THERAPEUTICS INC437,7080-437,7083,3310-3,331
PERCEPTIVE CAP SOLUTIONS COR
CL A ORD SHS
750,0000-750,0007,9500-7,950
ENLIVEN THERAPEUTICS INC3,226,3313,226,331066,04349,6852.45%-16,357
PHARVARIS N V
COM
674,5990-674,59916,8310-16,831
ASTRIA THERAPEUTICS INC2,457,3480-2,457,34817,8890-17,889
ORIC PHARMACEUTICALS INC(ORIC)6,596,8855,676,230-920,65579,16346,4322.29%-32,731
ABIVAX SA(ABVX)576,7290-576,72948,9640-48,964
OCULAR THERAPEUTIX INC(OCUL)13,161,4627,315,547-5,845,915153,85788,8114.39%-65,047
CIDARA THERAPEUTICS INC946,7880-946,78890,6640-90,664
METSERA INC3,750,6620-3,750,662196,2720-196,272
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