Fund HoldingsVelan Capital Investment Management LP

Total Portfolio Value
$171.90M
Total Bought
$49.61M
Total Sold
$40.16M
Net Transaction
+$9.45M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
PRAXIS PRECISION MEDICINES I(PRAX)132,805100,781-32,0247,03929,70417.28%+22,666
CIDARA THERAPEUTICS INC108,404108,404010,38123,94513.93%+13,565
MAPLIGHT THERAPEUTICS INC(MPLT)0522,305+522,30509,1745.34%+9,174
EVOMMUNE INC0506,754+506,75408,6765.05%+8,676
PROTARA THERAPEUTICS INC2,139,0002,834,652+695,6529,30515,1098.79%+5,804
ESPERION THERAPEUTICS INC NE(ESPR)01,210,000+1,210,00004,4772.60%+4,477
VERRICA PHARMACEUTICALS INC0471,559+471,55903,9192.28%+3,919
SUTRO BIOPHARMA INC0312,000+312,00003,6102.10%+3,610
ABIVAX SA(ABVX)64,38967,000+2,6115,4679,0355.26%+3,569
TERNS PHARMACEUTICALS INC20,00070,000+50,0001502,8281.65%+2,678
PROFOUND MED CORP0285,710+285,71002,2491.31%+2,249
KAZIA THERAPEUTICS LTD0300,000+300,00002,0671.20%+2,067
RAPT THERAPEUTICS INC79,977108,000+28,0232,0633,6582.13%+1,595
AVALO THERAPEUTICS INC(AVTX)263,642263,64203,3514,7882.79%+1,437
LANTHEUS HLDGS INC(LNTH)73,54574,687+1,1423,7724,9702.89%+1,198
VIRIDIAN THERAPEUTICS INC(VRDN)86,50086,50001,8672,6921.57%+825
SYNDAX PHARMACEUTICALS INC(SNDX)130,000130,00002,0002,7311.59%+731
TREVI THERAPEUTICS INC(TRVI)205,000205,00001,8762,5671.49%+691
EUPRAXIA PHARMACEUTICALS INC352,000352,00002,0772,6581.55%+581
TREVI THERAPEUTICS INC(TRVI)(Call)038,500+38,5000482+482
TENAX THERAPEUTICS INC83,33383,33306341,0160.59%+382
HERON THERAPEUTICS INC8,753,2908,753,290011,02911,3796.62%+350
VENTYX BIOSCIENCES INC40,00040,00001243610.21%+237
ARROWHEAD PHARMACEUTICALS IN(ARWR)6,5006,50002244320.25%+207
NURIX THERAPEUTICS INC(NRIX)16,00016,00001483040.18%+156
IMMIX BIOPHARMA INC35,00035,0000731830.11%+110
XILIO THERAPEUTICS INC0170,000+170,00001090.06%+109
IMMUNOME INC(IMNM)10,00010,00001172150.12%+98
CYTOMX THERAPEUTICS INC80,00080,00002553410.20%+86
PROTAGONIST THERAPEUTICS INC3,7003,70002463230.19%+77
REPLIMUNE GROUP INC(REPL)20,00015,000-5,000841460.08%+62
OVID THERAPEUTICS INC160,000160,00002082610.15%+53
CONTEXT THERAPEUTICS INC100,000100,0000971470.09%+50
DESIGN THERAPEUTICS INC20,00020,00001511880.11%+37
GOSSAMER BIO INC70,00070,00001842170.13%+33
LARIMAR THERAPEUTICS INC33,00033,00001071260.07%+19
PROQR THRAPEUTICS N V
SHS EURO
45,00045,000096910.05%-5
PMV PHARMACEUTICALS INC35,00035,000049440.03%-5
PRECISION BIOSCIENCES INC20,00020,0000110830.05%-27
ACLARIS THERAPEUTICS INC32,7000-32,700620-62
PYXIS ONCOLOGY INC55,00040,000-15,000122460.03%-76
GERON CORP(GERN)80,0000-80,0001100-110
WAVE LIFE SCIENCES LTD(WVE)15,0000-15,0001100-110
ERASCA INC(ERAS)65,0000-65,0001420-142
ALECTOR INC55,0000-55,0001630-163
TOURMALINE BIO INC5,8000-5,8002770-277
CORBUS PHARMACEUTICALS HLDGS61,00013,000-48,0007721060.06%-666
EDESA BIOTECH INC687,500687,50001,6989760.57%-722
ELEDON PHARMACEUTICALS INC346,9730-346,9738990-899
TELA BIO INC747,4100-747,4101,1140-1,114
MINERALYS THERAPEUTICS INC(MLYS)175,600151,000-24,6006,6595,4803.19%-1,179
JASPER THERAPEUTICS INC2,668,3952,668,39506,2064,8832.84%-1,323
INSPIREMD INC2,143,6982,143,69805,1663,8162.22%-1,351
UNIQURE NV(QURE)32,0000-32,0001,8680-1,868
SUTRO BIOPHARMA INC3,120,0000-3,120,0002,7090-2,709
ALUMIS INC946,6830-946,6833,7770-3,777
ZOOZ PWR LTD
SHARE
2,000,0000-2,000,0004,2800-4,280
REZOLUTE INC750,000750,00007,0501,7701.03%-5,280
Page 1 of 1