Decheng Capital LLC — 13F Holdings

2026 Q1  ·  19 Positions

2026 Q1 Portfolio Activity

In 2026 Q1, Decheng Capital LLC maintained a portfolio of 19 distinct positions. The fund also reduced its exposure to NEWAMSTERDAM PHARMA CO NV by 45.1%.
Position History hover any row below to update
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Decheng Capital LLC Palo Alto, CA Hedge Fund / Healthcare-Focused Investment Firm AUM $661M
PCA Score Concentration Risk
Risk ENB
Total Positions
19
Quarter
2026 Q1
Top Holding
CGON (65.2%)
Top 10 Concentration
98.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-19 of 19

Decheng Capital LLC Full Holdings List — 2026 Q1

Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
CGON
CG ONCOLOGY INC
Healthcare 65.21% 35.59% #1
Prev: #1
7.0 no change no change
P
S
6,371,669 $431,234,558
$41.75 +61.6%
$67.68 -0.3%
2024 Q1 13F Filing 2026-03-31 2026-05-13
NUVB
Nuvation Bio In...
Healthcare 16.84% 31.28% #2
Prev: #2
6.5 no change no change
P
S
25,954,439 $111,344,543 2024 Q2 13F Filing 2026-03-31 2026-05-13
UPB
Upstream Bio In...
Healthcare 3.71% 11.48% #3
Prev: #3
3.0 -418,210 -13.3%
P
S
2,724,868 $24,523,812 2024 Q4 13F Filing 2026-03-31 2026-05-13
ACRS
Aclaris Therape...
Healthcare 2.29% 1.64% #4 5
Prev: #9
2.4 no change no change
P
S
4,041,736 $15,156,510 2024 Q4 13F Filing 2026-03-31 2026-05-13
AARD
AARDVARK THERAP...
Healthcare 2.23% 6.92% #5 1
Prev: #4
2.4 no change no change
P
S
3,917,299 $14,768,217 2025 Q1 13F Filing 2026-03-31 2026-05-13
LYEL
Lyell Immunopha...
Healthcare 2.10% 2.87% #6 1
Prev: #5
1.8 no change no change
P
S
692,050 $13,882,523 2024 Q4 13F Filing 2026-03-31 2026-05-13
NAMS
NEWAMSTERDAM PH...
Healthcare 1.57% 2.79% #7 1
Prev: #6
0.6 -267,000 -45.1%
P
S
325,057 $10,405,075 2024 Q2 13F Filing 2026-03-31 2026-05-13
RCUS
Arcus Bioscienc...
Healthcare 1.56% 1.74% #8
Prev: #8
1.1 -63,740 -11.8%
P
S
477,819 $10,320,890 2023 Q4 13F Filing 2026-03-31 2026-05-13
RVMD
REVOLUTION MEDI...
Healthcare 1.37% 2.14% #9 2
Prev: #7
0.5 -106,500 -53.2%
P
S
93,500 $9,092,875 2024 Q3 13F Filing 2026-03-31 2026-05-13
EQ
Equillium Inc.
Healthcare 1.34% 0.93% #10
Prev: #10
1.5 no change no change
P
S
4,447,308 $8,894,616 2023 Q4 13F Filing 2026-03-31 2026-05-13
BYSI
BeyondSpring In...
Healthcare 0.94% 0.83% #11
Prev: #11
1.4 no change no change
P
S
3,800,702 $6,233,152 2023 Q4 13F Filing 2026-03-31 2026-05-13
ZNTL
Zentalis Pharma...
Healthcare 0.47% 0.24% #12 3
Prev: #15
1.2 no change no change
P
S
1,323,327 $3,096,585 2023 Q4 13F Filing 2026-03-31 2026-05-13
KRYS
KRYSTAL BIOTECH...
Healthcare 0.29% 0.57% #13
Prev: #13
0.1 -10,000 -57.8%
P
S
7,300 $1,885,736 2023 Q4 13F Filing 2026-03-31 2026-05-13
PYXS
Pyxis Oncology,...
Healthcare 0.07% 0.05% #14 2
Prev: #16
1.0 no change no change
P
S
326,810 $477,143 2023 Q4 13F Filing 2026-03-31 2026-05-13
RZLT
REZOLUTE INC
Healthcare 0.00% 0.02%
Sold All 😨
(Was: #19)
0.0 -59,900 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2026-03-31 2026-05-13
NUVB/WS
Nuvation Bio In...
Bond/Debt 0.00% 0.03%
Sold All 😨
(Was: #18)
0.0 -646,057 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2026-03-31 2026-05-13
FDMT
4D MOLECULAR TH...
Healthcare 0.00% 0.04%
Sold All 😨
(Was: #17)
0.0 -44,311 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2026-03-31 2026-05-13
AURA
Aura Bioscience...
Healthcare 0.00% 0.26%
Sold All 😨
(Was: #14)
0.0 -360,483 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2026-03-31 2026-05-13
CRNX
CRINETICS PHARM...
Healthcare 0.00% 0.58%
Sold All 😨
(Was: #12)
0.0 -92,700 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2026-03-31 2026-05-13
Showing 1-19 of 19 holdings

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