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VR ADVISER, LLC

Q4 2025 · Filed 2026-02-17
Market Value
$1.3B
-5.6%
Holdings
26
+1
New Purchases
1
Added To
5
Closed
5
Reduced
3
Top 10 Concentration
72.0%
Turnover
23.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SYRE 9.49% 3.34% +6.15% $121M
ORKA 9.89% 5.92% +3.96% $126M
VRDN 9.50% 6.22% +3.28% $121M
SVRA 6.51% 3.36% +3.15% $83M
MAZE 5.04% 2.37% +2.68% $64M
CYBN 2.47% 0.00% +2.47% $31M
KALV 8.54% 6.08% +2.46% $109M
ERAS 5.22% 2.89% +2.33% $66M
JBIO 3.91% 2.06% +1.84% $50M
CTMX 5.21% 3.68% +1.53% $66M
COGT 5.59% 4.26% +1.32% $71M
DYN 3.34% 2.04% +1.30% $43M
UPB 2.50% 1.63% +0.86% $32M
CGEM 1.12% 0.61% +0.52% $14M
SEPN 1.34% 0.85% +0.49% $17M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MTSR 0.00% 14.57% -14.57% $0
CDTX 0.00% 6.73% -6.73% $0
OCUL 6.98% 11.42% -4.44% $89M
ABVX 0.00% 3.63% -3.63% $0
ORIC 3.65% 5.88% -2.23% $46M
ATXS 0.00% 1.33% -1.33% $0
PHVS 0.00% 1.25% -1.25% $0
ELVN 3.91% 4.90% -1.00% $50M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mid Cap 10 $517M 40.7%
Small Cap 14 $722M 56.8%
Micro Cap 2 $32M 2.5%

Portfolio Analytics

Avg Market Cap
$2.4B
Median Market Cap
$1.5B
Avg P/E
Median P/E
Avg Dividend Yield
—%
Avg Beta
0.93
# Stocks
26
# ETFs / Funds
0

Top Holdings (26 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ORKA 9.89% 4,148,428 $126M $30.31 $46M
2 VRDN 9.50% 3,882,709 $121M $31.12 $37M
3 SYRE 9.49% 3,685,448 $121M $32.76 $76M +1,000,000 +37.2%
4 KALV 8.54% 6,728,985 $109M $16.15 $27M
5 OCUL 6.98% 7,315,547 $89M $12.14 -$65M -5,845,915 -44.4%
6 SVRA 6.51% 13,740,375 $83M $6.03 $38M +1,059,332 +8.3%
7 COGT 5.59% 2,000,000 $71M $35.52 $14M -2,000,000 -50.0%
8 ERAS 5.22% 17,857,083 $66M $3.72 $27M
9 CTMX 5.21% 15,561,500 $66M $4.26 $17M
10 MAZE 5.04% 1,548,569 $64M $41.43 $32M +317,800 +25.8%
11 JBIO 3.91% 3,220,364 $50M $15.43 $22M
12 ELVN 3.91% 3,226,331 $50M $15.40 -$16M
13 ORIC 3.65% 5,676,230 $46M $8.18 -$33M -920,655 -14.0%
14 DYN 3.34% 2,173,913 $43M $19.56 $15M
15 DNTH 3.24% 1,000,000 $41M $41.21 $3M +39,197 +4.1%
16 UPB 2.50% 1,169,298 $32M $27.15 $10M
17 CYBN 2.47% 3,840,250 $31M $8.18 +3,840,250 NEW
18 VOR 2.00% 1,943,766 $25M $13.08 $1M +1,443,800 +288.8%
19 SEPN 1.34% 610,808 $17M $27.88 $6M
20 CGEM 1.12% 1,379,965 $14M $10.35 $6M
21 ARTV 0.54% 1,609,569 $7M $4.29 $2M
22 ATXS —% -$18M -2,457,348 -100.0% SOLD
23 PHVS —% -$17M -674,599 -100.0% SOLD
24 CDTX —% -$91M -946,788 -100.0% SOLD
25 ABVX —% -$49M -576,729 -100.0% SOLD
26 MTSR —% -$196M -3,750,662 -100.0% SOLD

New Positions

SymbolValue% Port
CYBN $31M 2.47%

Sold Out Positions

SymbolValue% Port
ABVX —%
PHVS —%
MTSR —%
ATXS —%
CDTX —%
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