VR Adviser, LLC

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
Total Positions
34
Quarter
2025 Q4
Top Holding
APGE (31.7%)
Top 10 Concentration
73.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 34
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
APGE
03770N101
Healthcare 31.67% 18.99% #1
Prev: #1
10.0 no change no change
P
S
8,493,321 $641,075,869 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ORKA
687604108
Healthcare 6.21% 4.49% #2 5
Prev: #7
2.5 no change no change
P
S
4,148,428 $125,738,853 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VRDN
92790C104
Healthcare 5.97% 4.72% #3 2
Prev: #5
2.4 no change no change
P
S
3,882,709 $120,829,904 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SYRE
00773J202
Healthcare 5.96% 2.53% #4 10
Prev: #14
4.5 1,000,000 37.2%
P
S
3,685,448 $120,735,276 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KALV
483497103
Healthcare 5.37% 4.61% #5 1
Prev: #6
2.1 no change no change
P
S
6,728,985 $108,673,108 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
OCUL
67576A100
Healthcare 4.39% 8.66% #6 3
Prev: #3
1.9 -5,845,915 -44.4%
P
S
7,315,547 $88,810,741 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SVRA
805111101
Healthcare 4.09% 2.55% #7 6
Prev: #13
3.7 1,059,332 8.4%
P
S
13,740,375 $82,854,461 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
COGT
19240Q201
Healthcare 3.51% 3.23% #8 2
Prev: #10
1.6 -2,000,000 -50.0%
P
S
2,000,000 $71,040,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ERAS
29479A108
Healthcare 3.28% 2.19% #9 6
Prev: #15
1.3 no change no change
P
S
17,857,083 $66,428,349 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CTMX
23284F105
Healthcare 3.27% 2.79% #10 1
Prev: #11
1.3 no change no change
P
S
15,561,500 $66,291,990 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MAZE
578784100
Healthcare 3.17% 1.80% #11 7
Prev: #18
3.3 317,800 25.8%
P
S
1,548,569 $64,157,214 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
JBIO
008064206
Healthcare 2.45% 1.56% #12 7
Prev: #19
1.0 no change no change
P
S
3,220,364 $49,690,217 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ELVN
29337E102
Healthcare 2.45% 3.72% #13 4
Prev: #9
1.0 no change no change
P
S
3,226,331 $49,685,497 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ORIC
68622P109
Healthcare 2.29% 4.46% #14 6
Prev: #8
1.0 -920,655 -14.0%
P
S
5,676,230 $46,431,561 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ENGN
29286M105
Healthcare 2.13% 1.94% #15 2
Prev: #17
0.9 -275,000 -5.4%
P
S
4,771,414 $43,085,868 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DYN
26818M108
Healthcare 2.10% 1.55% #16 4
Prev: #20
0.8 no change no change
P
S
2,173,913 $42,521,738 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DNTH
252828108
Healthcare 2.04% 2.13% #17 1
Prev: #16
2.8 39,197 4.1%
P
S
1,000,000 $41,210,000 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UPB
91678A107
Healthcare 1.57% 1.24% #18 4
Prev: #22
0.6 no change no change
P
S
1,169,298 $31,746,441 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CYBN
23256X407
Healthcare 1.55% #19
Prev: #—
2.6 3,840,250 no change
NEW
3,840,250 $31,413,245 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ZURA
G9TY5A101
Healthcare 1.38% 1.13% #20 3
Prev: #23
2.6 713,899 15.4%
P
S
5,345,115 $28,008,403 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VOR
929033207
Healthcare 1.26% 1.37% #21
Prev: #21
2.8 1,443,800 288.8%
P
S
1,943,766 $25,424,459 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
G2545C104
Unknown 1.25% 0.93% #22 4
Prev: #26
2.7 745,712 53.7%
P
S
2,133,576 $25,304,211 13F Filing 2025-12-31 2026-02-14 (Est.)
SEPN
81734D104
Healthcare 0.84% 0.65% #23 4
Prev: #27
0.3 no change no change
P
S
610,808 $17,029,327 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SRZN
86889P208
Healthcare 0.71% 0.46% #24 5
Prev: #29
0.3 no change no change
P
S
632,931 $14,304,241 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CGEM
230031106
Healthcare 0.71% 0.46% #25 3
Prev: #28
0.3 no change no change
P
S
1,379,965 $14,282,638 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MTSR
59267L107
Healthcare 0.00% 11.05%
Sold All 😨
(Was: #2)
0.3 -3,750,662 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CDTX
171757206
Healthcare 0.00% 5.10%
Sold All 😨
(Was: #4)
0.3 -946,788 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ABVX
00370M103
Healthcare 0.00% 2.76%
Sold All 😨
(Was: #12)
0.3 -576,729 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ATXS
04635X102
Healthcare 0.00% 1.01%
Sold All 😨
(Was: #24)
0.3 -2,457,348 -100.0%
CLOSED
$— 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PHVS
N69605108
Healthcare 0.00% 0.95%
Sold All 😨
(Was: #25)
0.3 -674,599 -100.0%
CLOSED
$— 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PCSC
G70077105
Financial Services 0.00% 0.45%
Sold All 😨
(Was: #30)
0.3 -750,000 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TENX
88032L605
Healthcare 0.00% 0.19%
Sold All 😨
(Was: #32)
0.3 -437,708 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 34 holdings

Unlock Full VR Adviser, LLC Analysis

PRO subscribers get access to all historical quarters, Excel/CSV exports, Portfolio Concentration Analytics (PCA), and Risk-Based ENB.

Full Historical Quarters
Excel & CSV Export
PCA & Risk-Based ENB
Auto Cost Basis
Position Change Alerts
Price-Held Analytics