Latest Velan Capital Investment Management LP Stock Portfolio
Velan Capital Investment Management LP Performance:
2025 Q3: 14.49%YTD: -9.28%2024: 13.05%
Performance for 2025 Q3 is 14.49%, and YTD is -9.28%, and 2024 is 13.05%.
About Velan Capital Investment Management LP and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, Velan Capital Investment Management LP reported an equity portfolio of $106.5 Millions as of 30 Sep, 2025.
The top stock holdings of Velan Capital Investment Management LP are HRTX, CDTX, TARA. The fund has invested 10.4% of it's portfolio in HERON THERAPEUTICS INC and 9.8% of portfolio in CIDARA THERAPEUTICS INC.
The fund managers got completely rid off VERONAPHARMAPLC (VRNA), ZEVRATHERAPEUTICSINC and ARVINASINC (ARVN) stocks. They significantly reduced their stock positions in TOURMALINE BIO INC, REPLIMUNE GROUP INC (REPL) and PRAXIS PRECISION MEDICINES I (PRAX). Velan Capital Investment Management LP opened new stock positions in ABIVAX SA, LANTHEUS HLDGS INC (LNTH) and RAPT THERAPEUTICS INC (RAPT). The fund showed a lot of confidence in some stocks as they added substantially to INSPIREMD INC (NSPR), JASPER THERAPEUTICS INC (JSPR) and AVALO THERAPEUTICS INC (AVTX).
The top stock holdings of Velan Capital Investment Management LP are HRTX, CDTX, TARA. The fund has invested 10.4% of it's portfolio in HERON THERAPEUTICS INC and 9.8% of portfolio in CIDARA THERAPEUTICS INC.
The fund managers got completely rid off VERONAPHARMAPLC (VRNA), ZEVRATHERAPEUTICSINC and ARVINASINC (ARVN) stocks. They significantly reduced their stock positions in TOURMALINE BIO INC, REPLIMUNE GROUP INC (REPL) and PRAXIS PRECISION MEDICINES I (PRAX). Velan Capital Investment Management LP opened new stock positions in ABIVAX SA, LANTHEUS HLDGS INC (LNTH) and RAPT THERAPEUTICS INC (RAPT). The fund showed a lot of confidence in some stocks as they added substantially to INSPIREMD INC (NSPR), JASPER THERAPEUTICS INC (JSPR) and AVALO THERAPEUTICS INC (AVTX).
Velan Capital Investment Management LP Annual Return Estimates Vs S&P 500
Our best estimate is that Velan Capital Investment Management LP made a return of 14.49% in the last quarter. In trailing 12 months, it's portfolio return was -2.51%.
New Buys
| Ticker | $ Bought |
|---|---|
| abivax sa | 5,466,630 |
| zooz pwr ltd | 4,280,000 |
| lantheus hldgs inc | 3,772,120 |
| eupraxia pharmaceuticals inc | 2,076,800 |
| rapt therapeutics inc | 2,062,610 |
| syndax pharmaceuticals inc | 2,000,050 |
| trevi therapeutics inc | 1,875,750 |
| uniqure nv | 1,867,840 |
New stocks bought by Velan Capital Investment Management LP
Additions
| Ticker | % Inc. |
|---|---|
| inspiremd inc | 137 |
| jasper therapeutics inc | 86.1 |
| avalo therapeutics inc | 70.12 |
| nurix therapeutics inc | 60.00 |
| immix biopharma inc | 40.00 |
| pyxis oncology inc | 37.5 |
| heron therapeutics inc | 25.28 |
| geron corp | 14.29 |
Additions to existing portfolio by Velan Capital Investment Management LP
Reductions
| Ticker | % Reduced |
|---|---|
| tourmaline bio inc | -98.53 |
| replimune group inc | -89.08 |
| alumis inc | -41.59 |
| praxis precision medicines i | -11.07 |
| gossamer bio inc | -6.67 |
Velan Capital Investment Management LP reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| scpharmaceuticalsinc | -3,496,320 |
| zevratherapeuticsinc | -6,299,150 |
| arvinasinc | -3,680,000 |
| perspectivetherapeuticsinc | -1,720,000 |
| liquidiacorporation | -2,981,180 |
| kiorapharmaceuticalsinc | -352,002 |
| upstreambioinc | -1,174,860 |
| veronapharmaplc | -8,985,100 |
Velan Capital Investment Management LP got rid off the above stocks
Sector Distribution
Velan Capital Investment Management LP has about 78.7% of it's holdings in Healthcare sector.
| Sector | % |
|---|---|
| Healthcare | 78.7 |
| Others | 21.3 |
Market Cap. Distribution
Velan Capital Investment Management LP has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| MICRO-CAP | 36.5 |
| SMALL-CAP | 24 |
| UNALLOCATED | 21.3 |
| NANO-CAP | 14.1 |
| MID-CAP | 4.1 |
Stocks belong to which Index?
About 26.8% of the stocks held by Velan Capital Investment Management LP either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| Others | 73.2 |
| RUSSELL 2000 | 26.8 |
Velan Capital Investment Management LP Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Velan Capital Investment Management LP
Velan Capital Investment Management LP has 49 stocks in it's portfolio. About 68.2% of the portfolio is in top 10 stocks. JSPR proved to be the most loss making stock for the portfolio. was the most profitable stock for Velan Capital Investment Management LP last quarter.
Last Reported on: 14 Nov, 2025| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| ACRS | aclaris therapeutics inc | 0.06 | 32,700 | 62,130 | unchanged | 0.00 | ||
| ALEC | alector inc | 0.15 | 55,000 | 162,800 | unchanged | 0.00 | ||
| ARVN | arvinasinc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| ARWR | arrowhead pharmaceuticals in | 0.21 | 6,500 | 224,185 | new | |||
| AVTX | avalo therapeutics inc | 3.15 | 263,642 | 3,350,890 | added | 70.12 | ||
| CDTX | cidara therapeutics inc | 9.75 | 108,404 | 10,380,800 | added | 8.4 | ||
| CNTX | context therapeutics inc | 0.09 | 100,000 | 96,880 | unchanged | 0.00 | ||
| CRBP | corbus pharmaceuticals hldgs | 0.72 | 61,000 | 771,650 | added | 3.39 | ||
| CTMX | cytomx therapeutics inc | 0.24 | 80,000 | 255,200 | added | 6.67 | ||
| DSGN | design therapeutics inc | 0.14 | 20,000 | 150,600 | unchanged | 0.00 | ||
| DTIL | precision biosciences inc | 0.10 | 20,000 | 110,400 | new | |||
| EDSA | edesa biotech inc | 1.59 | 687,500 | 1,698,120 | unchanged | 0.00 | ||
| ELDN | eledon pharmaceuticals inc | 0.84 | 346,973 | 898,660 | added | 2.36 | ||
| ERAS | erasca inc | 0.13 | 65,000 | 141,700 | unchanged | 0.00 | ||
| FDMT | 4dmoleculartherapeuticsin | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| GERN | geron corp | 0.10 | 80,000 | 109,600 | added | 14.29 | ||
| GOSS | gossamer bio inc | 0.17 | 70,000 | 184,100 | reduced | -6.67 | ||
| HRTX | heron therapeutics inc | 10.36 | 8,753,290 | 11,029,100 | added | 25.28 | ||
| IMMX | immix biopharma inc | 0.07 | 35,000 | 73,150 | added | 40.00 | ||
| IMNM | immunome inc | 0.11 | 10,000 | 117,100 | new | |||