DC

Decheng Capital Portfolio holdings

AUM $356M

AUM

$356M

AUM Growth

-$110M (-24%)

Cap. Flow

+$16.1M

Cap. Flow % of AUM

4.51%

Top 10 Holdings %Top 10 Hldgs %

86.5%

Holding

29

New

1

Increased

2

Reduced

8

Closed

2

Top Buys

1	AARD Aardvark Therapeutics, Inc. Common Stock AARD	$29.4M
2	Aclaris Therapeutics ACRS	$2.72M
3	Crinetics Pharmaceuticals CRNX	$335K

Top Sells

1	Illumina ILMN	$6.59M
2	Arcellx ACLX	$2.26M
3	Krystal Biotech KRYS	$2.12M
4	BioNTech BNTX	$1.82M
5	Legend Biotech LEGN	$1.82M

Sector Composition

1

Healthcare

99.99%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Vera Therapeutics VERA $1.45B	$108K	0.03%	4,495 -45,272	-91%	-$1.09M
27	27 Nuvation Bio Inc. Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 NUVB.WS $88.4M	$44K	0.01%	646,057	–	–
28	28 AtriCure ATRC $1.73B	$0	0%	0 -26,797	Closed	–
29	29 Phathom Pharmaceuticals PHAT $623M	$0	0%	0 -694,254	Closed	–