Velan Capital Investment Management LP

CIK: 0001848809SEC EDGAR →

Portfolio Value

$172.4B

Holdings

46

As of

Q4 2025

New Positions

11

Closed Positions

12

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

PRAXIS PRECISION MEDICINES I

100,781$29.7B
17.23%
2

CIDARA THERAPEUTICS INC

108,404$23.9B
13.89%
3

PROTARA THERAPEUTICS INC

2,834,652$15.1B
8.76%
4

HERON THERAPEUTICS INC

8,753,290$11.4B
6.60%
5

MAPLIGHT THERAPEUTICS INC

522,305$9.2B
5.32%
6

ABIVAX SA

67,000$9.0B
5.24%
7

EVOMMUNE INC

506,754$8.7B
5.03%
8

MINERALYS THERAPEUTICS INC

151,000$5.5B
3.18%
9

LANTHEUS HLDGS INC

74,687$5.0B
2.88%
10

JASPER THERAPEUTICS INC

2,668,395$4.9B
2.83%

Quarterly Changes

Top Buys

MPLTNEW
$9.2B
EVMNNEW
$8.7B
TARA↑ Increased
$5.8B
ESPRNEW
$4.5B
VRCANEW
$3.9B

Top Sells

PRAX↓ Decreased
$22.7B
ZOOZCLOSED
$4.3B
ALMSCLOSED
$3.8B
STROCLOSED
$2.7B
QURECLOSED
$1.9B

New Positions (9)

$9.2B · 522K shares
$8.7B · 507K shares
$4.5B · 1.2M shares
$3.9B · 472K shares
$3.6B · 312K shares
$2.2B · 286K shares
$2.1B · 300K shares
$482.0M · 39K shares
$108.0M · 170K shares

Closed Positions (12)

$4.3B · 2.0M shares
$3.8B · 947K shares
$2.7B · 3.1M shares
$1.9B · 32K shares
$1.1B · 747K shares
$898.7M · 347K shares
$277.4M · 6K shares
$162.8M · 55K shares
$141.7M · 65K shares
$109.8M · 15K shares
$109.6M · 80K shares
$62.1M · 33K shares

Sector Breakdown

Sector# HoldingsValue%
Healthcare44$146.2B84.8%
Unknown1$23.9B13.9%
Financial Services1$2.2B1.3%