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NEA Management Company Portfolio holdings

AUM $1.59B
1-Year Est. Return 234.06%
This Fund
S&P 500
This Quarter Est. Return
+40.41%
1 Year Est. Return
+234.06%
3 Year Est. Return
+822.97%
5 Year Est. Return
+865.41%
10 Year Est. Return
+12,585.11%
AUM
$1.96B
AUM Growth
+$139M
Cap. Flow
-$121M
Cap. Flow %
-6.15%
Top 10 Hldgs %
86.5%
Holding
30
New
1
Increased
3
Reduced
–
Closed
3

Top Buys

Rank Stock Value
1
CELC icon
Celcuity
CELC
+$114M
2
ZBIO
Zenas BioPharma
ZBIO
+$26M
3
XFOR icon
X4 Pharmaceuticals
XFOR
+$3.63M
4
LONA
LeonaBio Inc
LONA
+$2.13M

Top Sells

Rank Stock Value
1
VRNA
Verona Pharma
VRNA
+$240M
2
NEUE
NeueHealth
NEUE
+$18.2M
3
OMDA
Omada Health Inc
OMDA
+$8.05M

Sector Composition

Rank Sector Weight
1 Healthcare 95.17%
2 Consumer Staples 4.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OKUR
26
OnKure Therapeutics
OKUR
$140M
$1.39M 0.07%
478,548
– –
IMA
27
ImageneBio Inc
IMA
$57.9M
$345K 0.02%
50,005
– –
VRNA
28
DELISTED
Verona Pharma
VRNA
– –
-2,252,994
Closed -$240M
NEUE
29
DELISTED
NeueHealth
NEUE
– –
-2,726,917
Closed -$18.2M
OMDA
30
Omada Health Inc
OMDA
$1.38B
– –
-364,115
Closed -$8.05M
1
2

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ACM
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NEA Management Company's Q4 2025 Portfolio in Review

As of Q4 2025, NEA Management Company held 30 positions worth $1.96B, up 7.6% from $1.82B the previous quarter. Its ten largest holdings account for 86% of the portfolio.

NEA Management Company withdrew a net $121M in Q4 2025, closing 3 positions. Its most notable exit was Verona Pharma, an estimated $240M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 95% of assets, up from 92% a quarter earlier, followed by Consumer Staples.

Against the trend, NEA Management Company opened a new position in LeonaBio Inc worth $3.52M.

  • NEA Management Company's largest Q4 2025 buy was LeonaBio Inc: 464,398 shares worth $3.52M.
  • NEA Management Company added most to Celcuity in Q4 2025, an estimated $114M increase.
  • NEA Management Company fully exited Verona Pharma in Q4 2025, selling an estimated $240M.
  • NEA Management Company's ten largest holdings make up 86% of its $1.96B portfolio in Q4 2025.
  • NEA Management Company opened 1 new position and closed 3 in Q4 2025.
  • NEA Management Company's portfolio value rose 7.6% quarter-over-quarter to $1.96B.

Based on NEA Management Company's 13F filing for Q4 2025, filed 17 Feb 2026.