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Asset Manager ← All Institutions

VR ADVISER, LLC

Q3 2025 · Filed 2025-11-14
Market Value
$1.3B
+48.9%
Holdings
25
-3
New Purchases
2
Added To
5
Closed
0
Reduced
6
Top 10 Concentration
69.7%
Turnover
8.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CDTX 6.73% 3.44% +3.29% $91M
MTSR 14.57% 11.80% +2.77% $196M
ABVX 3.63% 1.14% +2.50% $49M
MAZE 2.37% 0.00% +2.37% $32M
VOR 1.81% 0.00% +1.81% $24M
SVRA 3.36% 2.24% +1.12% $45M
ORKA 5.92% 5.14% +0.78% $80M
DNTH 2.81% 2.06% +0.75% $38M
COGT 4.26% 3.77% +0.49% $57M
ERAS 2.89% 2.51% +0.38% $39M
SEPN 0.85% 0.63% +0.22% $11M
VRDN 6.22% 6.00% +0.22% $84M
CTMX 3.68% 3.51% +0.18% $50M
ARTV 0.34% 0.27% +0.07% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ELVN 4.90% 8.93% -4.03% $66M
PHVS 1.25% 3.98% -2.73% $17M
KALV 6.08% 8.41% -2.33% $82M
OCUL 11.42% 13.09% -1.67% $154M
ORIC 5.88% 7.40% -1.53% $79M
JBIO 2.06% 3.56% -1.49% $28M
UPB 1.63% 2.79% -1.15% $22M
SYRE 3.34% 4.44% -1.10% $45M
CGEM 0.61% 1.15% -0.54% $8M
DYN 2.04% 2.29% -0.25% $27M
ATXS 1.33% 1.46% -0.13% $18M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mid Cap 10 $688M 51.1%
Small Cap 13 $630M 46.7%
Micro Cap 2 $29M 2.2%

Portfolio Analytics

Avg Market Cap
$2.4B
Median Market Cap
$1.6B
Avg P/E
Median P/E
Avg Dividend Yield
—%
Avg Beta
0.94
# Stocks
25
# ETFs / Funds
0

Top Holdings (25 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MTSR 14.57% 3,750,662 $196M $52.33 $90M
2 OCUL 11.42% 13,161,462 $154M $11.69 $35M +399,000 +3.1%
3 CDTX 6.73% 946,788 $91M $95.76 $60M +307,700 +48.1%
4 VRDN 6.22% 3,882,709 $84M $21.58 $30M
5 KALV 6.08% 6,728,985 $82M $12.18 $6M
6 ORKA 5.92% 4,148,428 $80M $19.23 $33M
7 ORIC 5.88% 6,596,885 $79M $12.00 $12M
8 ELVN 4.90% 3,226,331 $66M $20.47 -$15M -800,000 -19.9%
9 COGT 4.26% 4,000,000 $57M $14.36 $23M -755,411 -15.9%
10 CTMX 3.68% 15,561,500 $50M $3.19 $18M +1,591,618 +11.4%
11 ABVX 3.63% 576,729 $49M $84.90 $39M -769,051 -57.1%
12 SVRA 3.36% 12,681,043 $45M $3.57 $25M +3,796,780 +42.7%
13 SYRE 3.34% 2,685,448 $45M $16.76 $5M
14 ERAS 2.89% 17,857,083 $39M $2.18 $16M
15 DNTH 2.81% 960,803 $38M $39.35 $19M -39,197 -3.9%
16 MAZE 2.37% 1,230,769 $32M $25.93 +1,230,769 NEW
17 JBIO 2.06% 3,220,364 $28M $8.63 -$4M
18 DYN 2.04% 2,173,913 $27M $12.65 $7M
19 VOR 1.81% 499,966 $24M $48.72 +499,966 NEW
20 UPB 1.63% 1,169,298 $22M $18.81 -$3M -1,126,021 -49.1%
21 ATXS 1.33% 2,457,348 $18M $7.28 $5M
22 PHVS 1.25% 674,599 $17M $24.95 -$19M -1,373,021 -67.0%
23 SEPN 0.85% 610,808 $11M $18.81 $6M +70,355 +13.0%
24 CGEM 0.61% 1,379,965 $8M $5.93 -$2M
25 ARTV 0.34% 1,609,569 $5M $2.87 $2M

New Positions

SymbolValue% Port
MAZE $32M 2.37%
VOR $24M 1.81%
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