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VCIM
Velan Capital Investment Management Portfolio holdings
AUM
$160M
1-Year Est. Return
517.12%
This Fund
S&P 500
This Quarter
Est. Return
+117.44%
1 Year Est. Return
+517.12%
3 Year Est. Return
+2,524.89%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$172M
AUM Growth
+$65.9M
(+62%)
Cap. Flow
+$15.6M
Cap. Flow
% of AUM
9.03%
Top 10 Holdings %
Top 10 Hldgs %
70.98%
Holding
57
New
8
Increased
5
Reduced
5
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EVMN
Evommune Inc
EVMN
|
+$9.52M |
| 2 |
MPLT
MapLight Therapeutics
MPLT
|
+$8.75M |
| 3 |
ESPR
Esperion Therapeutics
ESPR
|
+$3.91M |
| 4 |
Protara Therapeutics
TARA
|
+$3.87M |
| 5 |
Verrica Pharmaceuticals
VRCA
|
+$2.61M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Praxis Precision Medicines
PRAX
|
+$5.96M |
| 2 |
ZOOZ
ZOOZ Strategy Ltd
ZOOZ
|
+$4.28M |
| 3 |
ALMS
Alumis Inc
ALMS
|
+$3.78M |
| 4 |
uniQure
QURE
|
+$1.87M |
| 5 |
TELA Bio
TELA
|
+$1.11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 99.72% |
| 2 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Praxis Precision Medicines
PRAX
$10.2B
| $29.7M | 17.23% |
100,781
-32,024
| -24% | -$5.96M |
|
|
CDTX
2
DELISTED
Cidara Therapeutics
CDTX
| $23.9M | 13.89% |
108,404
| – | – |
|
|
3
Protara Therapeutics
TARA
$231M
| $15.1M | 8.76% |
2,834,652
+695,652
| +33% | +$3.87M |
|
4
Heron Therapeutics
HRTX
$63.4M
| $11.4M | 6.6% |
8,753,290
| – | – |
|
|
MPLT
5
MapLight Therapeutics
MPLT
$552M
| $9.17M | 5.32% |
+522,305
| New | +$8.75M |
|
|
ABVX
6
Abivax
ABVX
$11.1B
| $9.04M | 5.24% |
67,000
+2,611
| +4% | +$285K |
|
|
EVMN
7
Evommune Inc
EVMN
$511M
| $8.68M | 5.03% |
+506,754
| New | +$9.52M |
|
8
Mineralys Therapeutics
MLYS
$2.41B
| $5.48M | 3.18% |
151,000
-24,600
| -14% | -$987K |
|
9
Lantheus
LNTH
$6.59B
| $4.97M | 2.88% |
74,687
+1,142
| +2% | +$66.5K |
|
10
Jasper Therapeutics
JSPR
$26.6M
| $4.88M | 2.83% |
2,668,395
| – | – |
|
11
Avalo Therapeutics
AVTX
$1.06B
| $4.79M | 2.78% |
263,642
| – | – |
|
|
ESPR
12
DELISTED
Esperion Therapeutics
ESPR
| $4.48M | 2.6% |
+1,210,000
| New | +$3.91M |
|
|
13
Verrica Pharmaceuticals
VRCA
$88M
| $3.92M | 2.27% |
+471,559
| New | +$2.61M |
|
14
InspireMD
NSPR
$37.5M
| $3.82M | 2.21% |
2,143,698
| – | – |
|
|
RAPT
15
DELISTED
RAPT Therapeutics
RAPT
| $3.66M | 2.12% |
108,000
+28,023
| +35% | +$870K |
|
16
Sutro Biopharma
STRO
$423M
| $3.61M | 2.09% |
312,000
| – | – |
|
|
TERN
17
DELISTED
Terns Pharmaceuticals
TERN
| $2.83M | 1.64% |
70,000
+50,000
| +250% | +$1.16M |
|
18
Syndax Pharmaceuticals
SNDX
$1.82B
| $2.73M | 1.58% |
130,000
| – | – |
|
19
Viridian Therapeutics
VRDN
$2.61B
| $2.69M | 1.56% |
86,500
| – | – |
|
|
EPRX
20
Eupraxia Pharmaceuticals
EPRX
$435M
| $2.66M | 1.54% |
352,000
| – | – |
|
21
Trevi Therapeutics
TRVI
$2.54B
| $2.57M | 1.49% |
205,000
| – | – |
|
|
PROF
22
Profound Medical
PROF
$267M
| $2.25M | 1.3% |
+285,710
| New | +$1.84M |
|
|
KZIA
23
Kazia Therapeutics
KZIA
$159M
| $2.07M | 1.2% |
+300,000
| New | +$2.56M |
|
24
Rezolute
RZLT
$451M
| $1.77M | 1.03% |
750,000
| – | – |
|
25
Tenax Therapeutics
TENX
$51.6M
| $1.02M | 0.59% |
83,333
| – | – |
|
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Velan Capital Investment Management's Q4 2025 Portfolio in Review
As of Q4 2025, Velan Capital Investment Management held 57 positions worth $172M, up 62% from $106M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Velan Capital Investment Management deployed $15.6M of net new capital in Q4 2025, opening 8 new positions and adding to 5 existing holdings. Its largest new stake was Evommune Inc: 506,754 shares worth $8.68M.
By sector, the portfolio is most concentrated in Healthcare at 100% of assets, up from 96% a quarter earlier, followed by Industrials.
On the sell side, the largest reduction was Praxis Precision Medicines, an estimated $5.96M trimmed.
- Velan Capital Investment Management's largest Q4 2025 buy was Evommune Inc: 506,754 shares worth $8.68M.
- Velan Capital Investment Management added most to Protara Therapeutics in Q4 2025, an estimated $3.87M increase.
- Velan Capital Investment Management's biggest Q4 2025 reduction was Praxis Precision Medicines, cutting an estimated $5.96M.
- Velan Capital Investment Management fully exited ZOOZ Strategy Ltd in Q4 2025, selling an estimated $4.28M.
- Velan Capital Investment Management's ten largest holdings make up 71% of its $172M portfolio in Q4 2025.
- Velan Capital Investment Management opened 8 new positions and closed 11 in Q4 2025.
- Velan Capital Investment Management's portfolio value rose 62% quarter-over-quarter to $172M.
Based on Velan Capital Investment Management's 13F filing for Q4 2025, filed 13 Feb 2026.