Velan Capital Investment Management LP
CIK 0001848809
Annualised vol
9.410293%
Beta
0.064567
HHI
784.533377
Top-10 weight
74.790416%
VaR 95%
0.880227%
VaR 99%
1.958219%
Max drawdown
18.247496%
Matched value
73.296974%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| MPLT | UNCHANGED | 492,893 | 492,893 | 0.0% | 17,665,285 |
| STRO | UNCHANGED | 512,160 | 512,160 | 0.0% | 17,003,712 |
| IMMX | ADDED | 1,085,000 | 740,000 | 46.62% | 11,186,350 |
| TARA | ADDED | 2,844,652 | 2,834,652 | 0.35% | 10,866,571 |
| TENX | ADDED | 618,685 | 583,333 | 6.06% | 9,001,867 |
| AVR | UNCHANGED | 700,000 | 700,000 | 0.0% | 6,895,000 |
| EDSA | UNCHANGED | 827,500 | 827,500 | 0.0% | 6,727,575 |
| EVMN | ADDED | 451,255 | 446,255 | 1.12% | 5,997,179 |
| AVTX | ADDED | 324,452 | 185,122 | 75.26% | 5,995,873 |
| XNCR | ADDED | 255,000 | 250,000 | 2.0% | 4,105,500 |
| RZLT | UNCHANGED | 750,000 | 750,000 | 0.0% | 3,900,000 |
| VRCA | UNCHANGED | 471,559 | 471,559 | 0.0% | 2,885,941 |
| CCCC | NEW | 570,000 | - | - | 2,661,900 |
| EPRX | UNCHANGED | 352,000 | 352,000 | 0.0% | 2,326,720 |
| ADMA | NEW | 250,000 | - | - | 2,092,500 |
| RNTX | NEW | 1,700,000 | - | - | 1,768,000 |
| LYEL | ADDED | 105,000 | 102,000 | 2.94% | 1,475,250 |
| NSRX | UNCHANGED | 359,390 | 359,390 | 0.0% | 1,257,865 |
| JSPR | UNCHANGED | 2,668,395 | 2,668,395 | 0.0% | 1,123,394 |
| PTGX | UNCHANGED | 3,700 | 3,700 | 0.0% | 453,546 |
| CTMX | REDUCED | 120,000 | 540,000 | -77.78% | 450,000 |
| NMRA | ADDED | 230,000 | 80,000 | 187.5% | 391,000 |
| NRIX | UNCHANGED | 16,000 | 16,000 | 0.0% | 388,160 |
| OVID | REDUCED | 130,000 | 160,000 | -18.75% | 349,700 |
| DTIL | UNCHANGED | 40,000 | 40,000 | 0.0% | 314,400 |
| MLYS | UNCHANGED | 11,000 | 11,000 | 0.0% | 296,780 |
| MGNX | ADDED | 60,000 | 30,000 | 100.0% | 277,200 |
| ARTV | UNCHANGED | 25,000 | 25,000 | 0.0% | 242,500 |
| REPL | UNCHANGED | 20,000 | 20,000 | 0.0% | 221,400 |
| SNDX | UNCHANGED | 10,000 | 10,000 | 0.0% | 218,600 |
| IMNM | UNCHANGED | 10,000 | 10,000 | 0.0% | 211,900 |
| TECX | NEW | 6,000 | - | - | 206,250 |
| RCKT | REDUCED | 60,000 | 294,643 | -79.64% | 205,200 |
| KPTI | ADDED | 20,000 | 15,000 | 33.33% | 195,400 |
| ANTX | NEW | 40,000 | - | - | 193,600 |
| SCYX | NEW | 40,000 | - | - | 162,800 |
| QNRX | REDUCED | 32,372 | 84,849 | -61.85% | 156,680 |
| XLO | UNCHANGED | 14,285 | 14,285 | 0.0% | 136,850 |
| NSPR | REDUCED | 148,138 | 2,099,652 | -92.94% | 103,711 |
| KLRS | ADDED | 25,000 | 18,000 | 38.89% | 101,750 |
| LRMR | UNCHANGED | 33,000 | 33,000 | 0.0% | 100,650 |
| CNTX | REDUCED | 59,700 | 100,000 | -40.3% | 33,068 |
| GOSS | UNCHANGED | 70,000 | 70,000 | 0.0% | 11,522 |
| KZIA | CLOSED OUT | 0 | 135,315 | -100.0% | 0 |
| PMVP | CLOSED OUT | 0 | 73,000 | -100.0% | 0 |
| DSGN | CLOSED OUT | 0 | 20,000 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | PRAXIS PRECISION MEDICINES I | COM NEW | 74006W207 | 29,722,991 | 18.1 | 88781.0 | |
| MPLT | UNCHANGED | MAPLIGHT THERAPEUTICS INC | COM | 56565P103 | 17,665,285 | 10.76 | 492893.0 |
| STRO | UNCHANGED | SUTRO BIOPHARMA INC | COM SHS | 869367201 | 17,003,712 | 10.36 | 512160.0 |
| IMMX | ADDED | IMMIX BIOPHARMA INC | COM | 45258H106 | 11,186,350 | 6.81 | 1085000.0 |
| TARA | ADDED | PROTARA THERAPEUTICS INC | COM STK | 74365U107 | 10,866,571 | 6.62 | 2844652.0 |
| - | ABIVAX SA | SPONSORED ADS | 00370M103 | 8,745,854 | 5.33 | 65630.0 | |
| TENX | ADDED | TENAX THERAPEUTICS INC | COM NEW | 88032L605 | 8,002,282 | 4.87 | 549985.0 |
| AVR | UNCHANGED | ANTERIS TECHNOLOGIES GLOBAL | COM | 03675P102 | 6,895,000 | 4.2 | 700000.0 |
| EDSA | UNCHANGED | EDESA BIOTECH INC | COM NEW | 27966L306 | 6,727,575 | 4.1 | 827500.0 |
| AVTX | ADDED | AVALO THERAPEUTICS INC | COM NEW | 05338F306 | 5,995,873 | 3.65 | 324452.0 |
| EVMN | ADDED | EVOMMUNE INC | COM SHS | 30054Y107 | 5,930,729 | 3.61 | 446255.0 |
| XNCR | ADDED | XENCOR INC | COM | 98401F105 | 4,105,500 | 2.5 | 255000.0 |
| RZLT | UNCHANGED | REZOLUTE INC | COM NEW | 76200L309 | 3,900,000 | 2.38 | 750000.0 |
| - | HERON THERAPEUTICS INC | COM | 427746102 | 3,735,904 | 2.28 | 8753290.0 | |
| VRCA | UNCHANGED | VERRICA PHARMACEUTICALS INC | COM SHS | 92511W207 | 2,885,941 | 1.76 | 471559.0 |
| CCCC | NEW | C4 THERAPEUTICS INC | COM STK | 12529R107 | 2,661,900 | 1.62 | 570000.0 |
| EPRX | UNCHANGED | EUPRAXIA PHARMACEUTICALS INC | COM | 29842P105 | 2,326,720 | 1.42 | 352000.0 |
| ADMA | NEW | ADMA BIOLOGICS INC | COM | 000899104 | 2,092,500 | 1.27 | 250000.0 |
| RNTX | NEW | REIN THERAPEUTICS INC | COM NEW | 00887A204 | 1,768,000 | 1.08 | 1700000.0 |
| LYEL | ADDED | LYELL IMMUNOPHARMA INC | COM NEW | 55083R203 | 1,475,250 | 0.9 | 105000.0 |
| NSRX | UNCHANGED | NASUS PHARMA LTD | ORD SHS | M7071P109 | 1,257,865 | 0.77 | 359390.0 |
| - | PROFOUND MED CORP | COM NEW | 74319B502 | 1,132,349 | 0.69 | 170278.0 | |
| JSPR | UNCHANGED | JASPER THERAPEUTICS INC | COM NEW | 471871202 | 1,020,111 | 0.62 | 2423067.0 |
| TENX | ADDED | TENAX THERAPEUTICS INC | COM NEW | 88032L605 | 999,585 | 0.61 | 68700.0 |
| PTGX | UNCHANGED | PROTAGONIST THERAPEUTICS INC | COM | 74366E102 | 453,546 | 0.28 | 3700.0 |
| CTMX | REDUCED | CYTOMX THERAPEUTICS INC. | COM | 23284F105 | 450,000 | 0.27 | 120000.0 |
| NMRA | ADDED | NEUMORA THERAPEUTICS INC. | COM | 640979100 | 391,000 | 0.24 | 230000.0 |
| NRIX | UNCHANGED | NURIX THERAPEUTICS INC | COM | 67080M103 | 388,160 | 0.24 | 16000.0 |
| OVID | REDUCED | OVID THERAPEUTICS INC | COM | 690469101 | 349,700 | 0.21 | 130000.0 |
| DTIL | UNCHANGED | PRECISION BIOSCIENCES INC | COM NEW | 74019P207 | 314,400 | 0.19 | 40000.0 |
| MLYS | UNCHANGED | MINERALYS THERAPEUTICS INC | COM | 603170101 | 296,780 | 0.18 | 11000.0 |
| MGNX | ADDED | MACROGENICS INC | COM | 556099109 | 277,200 | 0.17 | 60000.0 |
| - | CORBUS PHARMACEUTICALS HLDGS | COM NEW | 21833P301 | 243,880 | 0.15 | 26000.0 | |
| ARTV | UNCHANGED | ARTIVA BIOTHERAPEUTICS INC | COM | 04317A107 | 242,500 | 0.15 | 25000.0 |
| REPL | UNCHANGED | REPLIMUNE GROUP INC | COM | 76029N106 | 221,400 | 0.13 | 20000.0 |
| SNDX | UNCHANGED | SYNDAX PHARMACEUTICALS INC | COM | 87164F105 | 218,600 | 0.13 | 10000.0 |
| IMNM | UNCHANGED | IMMUNOME INC | COM | 45257U108 | 211,900 | 0.13 | 10000.0 |
| TECX | NEW | TECTONIC THERAPEUTIC INC | COM | 878972108 | 206,250 | 0.13 | 6000.0 |
| RCKT | REDUCED | ROCKET PHARMACEUTICALS INC | COM | 77313F106 | 205,200 | 0.12 | 60000.0 |
| KPTI | ADDED | KARYOPHARM THERAPEUTICS INC | COM NEW | 48576U205 | 195,400 | 0.12 | 20000.0 |
| ANTX | NEW | AN2 THERAPEUTICS INC | COM | 037326105 | 193,600 | 0.12 | 40000.0 |
| - | VIRIDIAN THERAPEUTICS INC | COM | 92790C104 | 183,700 | 0.11 | 10000.0 | |
| SCYX | NEW | SCYNEXIS INC | COM | 811292309 | 162,800 | 0.1 | 40000.0 |
| QNRX | REDUCED | QUOIN PHARMACEUTICALS LTD | SPONSORED ADS | 74907L409 | 156,680 | 0.1 | 32372.0 |
| XLO | UNCHANGED | XILIO THERAPEUTICS INC | COM | 98422T209 | 136,850 | 0.08 | 14285.0 |
| NSPR | REDUCED | INSPIREMD INC | COM | 45779A846 | 103,711 | 0.06 | 148138.0 |
| JSPR | UNCHANGED | JASPER THERAPEUTICS INC | COM NEW | 471871202 | 103,283 | 0.06 | 245328.0 |
| KLRS | ADDED | KALARIS THERAPEUTICS INC | COM | 482929106 | 101,750 | 0.06 | 25000.0 |
| LRMR | UNCHANGED | LARIMAR THERAPEUTICS INC | COM | 517125100 | 100,650 | 0.06 | 33000.0 |
| - | PROQR THRAPEUTICS N V | SHS EURO | N71542109 | 83,700 | 0.05 | 45000.0 | |
| EVMN | ADDED | EVOMMUNE INC | COM SHS | 30054Y107 | 66,450 | 0.04 | 5000.0 |
| CNTX | REDUCED | CONTEXT THERAPEUTICS INC | COM | 21077P108 | 33,068 | 0.02 | 59700.0 |
| GOSS | UNCHANGED | GOSSAMER BIO INC | COM | 38341P102 | 11,522 | 0.01 | 70000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 164,207,527 | 53 | 9.410293 | 0.064567 | 18.247496 |
| 2026-03-31 | 2026-05-15 | 159,645,269 | 50 | 8.408261 | 0.054569 | 17.671228 |
| 2025-12-31 | 2026-02-13 | 172,378,588 | 48 | 6.233338 | 0.034667 | 11.403603 |
| 2025-09-30 | 2025-11-14 | 106,465,070 | 51 | 7.537834 | 0.047688 | 10.238206 |
| 2025-03-31 | 2025-05-15 | 97,207,327 | 49 | 5.495434 | 0.039358 | 8.229629 |
| 2024-12-31 | 2025-02-14 | 115,881,131 | 47 | 6.945686 | 0.032129 | 12.257815 |