VR Adviser, LLC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$1.8T

Holdings

33

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (33 positions)

#StockSharesValue% PortfolioType
1
APGEAPOGEE THERAPEUTICS INC
8,493,321$337.4B18.99%
2
MTSRMETSERA INC
3,750,662$196.3B11.05%
3
OCULOCULAR THERAPEUTIX INC
13,161,462$153.9B8.66%
4
CDTXCIDARA THERAPEUTICS INC
946,788$90.7B5.10%
5
VRDNVIRIDIAN THERAPEUTICS INC
3,882,709$83.8B4.72%
6
KALVKALVISTA PHARMACEUTICALS INC
6,728,985$82.0B4.61%
7
ORKAORUKA THERAPEUTICS INC
4,148,428$79.8B4.49%
8
ORICORIC PHARMACEUTICALS INC
6,596,885$79.2B4.46%
9
ELVNENLIVEN THERAPEUTICS INC
3,226,331$66.0B3.72%
10
COGTCOGENT BIOSCIENCES INC
4,000,000$57.4B3.23%
11
CTMXCYTOMX THERAPEUTICS INC
15,561,500$49.6B2.79%
12
ABVXABIVAX SA
576,729$49.0B2.76%
13
YB4PSAVARA INC
12,681,043$45.3B2.55%
14
SYRESPYRE THERAPEUTICS INC
2,685,448$45.0B2.53%
15
ERASERASCA INC
17,857,083$38.9B2.19%
16
DNTHDIANTHUS THERAPEUTICS INC
960,803$37.8B2.13%
17
ENGNENGENE HOLDINGS INC
5,046,414$34.5B1.94%
18
MAZEMAZE THERAPEUTICS INC
1,230,769$31.9B1.80%
19
JBIOJADE BIOSCIENCES INC
3,220,364$27.8B1.56%
20
DYNDYNE THERAPEUTICS INC
2,173,913$27.5B1.55%
21
VORVOR BIOPHARMA INC
499,966$24.4B1.37%
22
UPBUPSTREAM BIO INC
1,169,298$22.0B1.24%
23
ZURAZURA BIO LTD
4,631,216$20.1B1.13%
24
CATBUSDASTRIA THERAPEUTICS INC
2,457,348$17.9B1.01%
25
PHVSPHARVARIS N V
674,599$16.8B0.95%
26
CBIOCRESCENT BIOPHARMA INC.
1,387,864$16.5B0.93%
27
SEPNSEPTERNA INC
610,808$11.5B0.65%
28
CGEMCULLINAN THERAPEUTICS INC
1,379,965$8.2B0.46%
29
SRZNSURROZEN INC
632,931$8.2B0.46%
30
PERCEPTIVE CAP SOLUTIONS COR
750,000$8.0B0.45%
31
ARTVARTIVA BIOTHERAPEUTICS INC
1,609,569$4.6B0.26%
32
TENXTENAX THERAPEUTICS INC
437,708$3.3B0.19%
33
CASI PHARMACEUTICALS INC
987,259$1.6B0.09%