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VR ADVISER, LLC

Q2 2025 · Filed 2025-08-14
Market Value
$905M
+18.8%
Holdings
28
-1
New Purchases
3
Added To
4
Closed
5
Reduced
4
Top 10 Concentration
73.0%
Turnover
28.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ORIC 7.40% 2.33% +5.07% $67M
JBIO 3.56% 0.00% +3.56% $32M
CTMX 3.51% 0.00% +3.51% $32M
SVRA 2.24% 1.19% +1.05% $20M
UPB 2.79% 1.85% +0.94% $25M
OCUL 13.09% 12.29% +0.80% $118M
SEPN 0.63% 0.00% +0.63% $6M
CDTX 3.44% 2.98% +0.47% $31M
ABVX 1.14% 1.11% +0.03% $10M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PHVS 3.98% 6.42% -2.44% $36M
DNTH 2.06% 4.16% -2.10% $19M
KALV 8.41% 10.16% -1.75% $76M
MTSR 11.80% 13.41% -1.62% $107M
ELVN 8.93% 10.41% -1.48% $81M
SYRE 4.44% 5.69% -1.25% $40M
VRDN 6.00% 6.88% -0.88% $54M
DYN 2.29% 2.99% -0.70% $21M
COGT 3.77% 4.47% -0.70% $34M
TRVI 0.00% 0.51% -0.51% $0
ORKA 5.14% 5.59% -0.45% $47M
ERAS 2.51% 2.92% -0.41% $23M
ARTV 0.27% 0.63% -0.37% $2M
APLT 0.00% 0.36% -0.36% $0
FDMT 0.00% 0.29% -0.29% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mid Cap 11 $412M 45.5%
Small Cap 13 $490M 54.2%
Micro Cap 4 $2M 0.3%

Portfolio Analytics

Avg Market Cap
$2.2B
Median Market Cap
$1.5B
Avg P/E
Median P/E
Avg Dividend Yield
—%
Avg Beta
1.05
# Stocks
28
# ETFs / Funds
0

Top Holdings (28 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 OCUL 13.09% 12,762,462 $118M $9.28 $25M
2 MTSR 11.80% 3,750,662 $107M $28.45 $5M
3 ELVN 8.93% 4,026,331 $81M $20.06 $2M
4 KALV 8.41% 6,728,985 $76M $11.30 -$1M +25,000 +0.4%
5 ORIC 7.40% 6,596,885 $67M $10.15 $49M +3,414,358 +107.3%
6 VRDN 6.00% 3,882,709 $54M $13.98 $2M
7 ORKA 5.14% 4,148,428 $47M $11.21 $4M
8 SYRE 4.44% 2,685,448 $40M $14.97 -$3M
9 PHVS 3.98% 2,047,620 $36M $17.60 -$13M -1,065,100 -34.2%
10 COGT 3.77% 4,755,411 $34M $7.18 $94K -929,000 -16.3%
11 JBIO 3.56% 3,220,364 $32M $9.99 +3,220,364 NEW
12 CTMX 3.51% 13,969,882 $32M $2.27 +13,969,882 NEW
13 CDTX 3.44% 639,088 $31M $48.71 $8M -412,430 -39.2%
14 UPB 2.79% 2,295,319 $25M $10.98 $11M
15 ERAS 2.51% 17,857,083 $23M $1.27 $462K +1,640,867 +10.1%
16 DYN 2.29% 2,173,913 $21M $9.52 -$2M
17 SVRA 2.24% 8,884,263 $20M $2.28 $11M +5,626,624 +172.7%
18 DNTH 2.06% 1,000,000 $19M $18.63 -$13M -744,373 -42.7%
19 ATXS 1.46% 2,457,348 $13M $5.36 $49K
20 CGEM 1.15% 1,379,965 $10M $7.53 -$55K
21 ABVX 1.14% 1,345,780 $10M $7.65 $2M
22 SEPN 0.63% 540,453 $6M $10.57 +540,453 NEW
23 ARTV 0.27% 1,609,569 $2M $1.51 -$2M
24 APLT —% -$3M -5,567,709 -100.0% SOLD
25 FDMT —% -$2M -677,600 -100.0% SOLD
26 IPSC —% -$1M -2,498,069 -100.0% SOLD
27 TNYA —% -$887K -1,555,556 -100.0% SOLD
28 TRVI —% -$4M -615,506 -100.0% SOLD

New Positions

SymbolValue% Port
JBIO $32M 3.56%
CTMX $32M 3.51%
SEPN $6M 0.63%

Sold Out Positions

SymbolValue% Port
FDMT —%
IPSC —%
TNYA —%
TRVI —%
APLT —%
View SEC EDGAR Filings for VR ADVISER, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms