VR Adviser, LLC

CIK: 0001615982SEC EDGAR →

Portfolio Value

$2.0B

Holdings

27

As of

Q4 2025

New Positions

2

Closed Positions

0

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

APOGEE THERAPEUTICS INC

8,493,321$641.1M
31.67%
2

ORUKA THERAPEUTICS INC

4,148,428$125.7M
6.21%
3

VIRIDIAN THERAPEUTICS INC

3,882,709$120.8M
5.97%
4

SPYRE THERAPEUTICS INC

3,685,448$120.7M
5.96%
5

KALVISTA PHARMACEUTICALS INC

6,728,985$108.7M
5.37%
6

OCULAR THERAPEUTIX INC

7,315,547$88.8M
4.39%
7

SAVARA INC

13,740,375$82.9M
4.09%
8

COGENT BIOSCIENCES INC

2,000,000$71.0M
3.51%
9

ERASCA INC

17,857,083$66.4M
3.28%
10

CYTOMX THERAPEUTICS INC

15,561,500$66.3M
3.27%

Quarterly Changes

Top Buys

SYRE↑ Increased
$75.7M
YB4P↑ Increased
$37.6M
MAZE↑ Increased
$32.2M
HELPNEW
$31.4M
CBIO↑ Increased
$8.8M

Top Sells

MTSRCLOSED
$196.3M
CDTXCLOSED
$90.7M
OCUL↓ Decreased
$65.0M
ABVXCLOSED
$49.0M
ORIC↓ Decreased
$32.7M

New Positions (1)

$31.4M · 3.8M shares

Closed Positions (7)

$196.3M · 3.8M shares
$90.7M · 947K shares
$49.0M · 577K shares
$17.9M · 2.5M shares
$16.8M · 675K shares
$8.0M · 750K shares
$3.3M · 438K shares

Sector Breakdown

Sector# HoldingsValue%
Healthcare25$1.9B95.9%
Unknown1$82.9M4.1%
Technology1$839K0.0%