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Vivo Capital, LLC

Q4 2025 · Filed 2026-02-13
Market Value
$1.1B
+26.2%
Holdings
39
+2
New Purchases
5
Added To
2
Closed
7
Reduced
8
Top 10 Concentration
72.2%
Turnover
30.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TERN 18.82% 5.69% +13.13% $216M
CDTX 18.41% 13.81% +4.60% $211M
COGT 7.42% 4.40% +3.02% $85M
ANRO 1.61% 0.00% +1.61% $18M
NERV 1.51% 0.00% +1.51% $17M
DSGN 1.32% 0.00% +1.32% $15M
MLTX 1.15% 0.00% +1.15% $13M
CAMP 2.27% 1.29% +0.97% $26M
TNGX 1.66% 0.72% +0.95% $19M
ABVX 4.22% 3.35% +0.87% $48M
DYN 4.46% 3.64% +0.82% $51M
CMPX 4.47% 3.67% +0.79% $51M
ERAS 3.01% 2.22% +0.78% $34M
ACRS 2.33% 1.86% +0.47% $27M
TRVI 5.56% 5.13% +0.43% $64M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VRNA 0.00% 16.35% -16.35% $0
TRML 0.00% 3.11% -3.11% $0
ORIC 1.51% 4.13% -2.62% $17M
AKRO 0.00% 2.27% -2.27% $0
RZLT 0.00% 2.18% -2.18% $0
0LOV.L 0.74% 2.57% -1.82% $9M
ATXS 0.00% 1.24% -1.24% $0
GERN 3.13% 4.10% -0.97% $36M
DCTH 0.00% 0.67% -0.67% $0
ETNB 0.00% 0.61% -0.61% $0
CRVS 1.50% 1.81% -0.31% $17M
DNTH 1.27% 1.53% -0.26% $15M
0H7R.L 0.85% 1.07% -0.22% $10M
ZBIO 2.70% 2.89% -0.19% $31M
OLMA 1.46% 1.62% -0.16% $17M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 1 $0 0.0%
Mid Cap 11 $744M 64.8%
Small Cap 17 $261M 22.7%
Micro Cap 10 $143M 12.4%

Portfolio Analytics

Avg Market Cap
$3.4B
Median Market Cap
$821M
Avg P/E
4.7
Median P/E
4.7
Avg Dividend Yield
—%
Avg Beta
0.83
# Stocks
39
# ETFs / Funds
0

Top Holdings (39 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TERN 18.82% 5,346,928 $216M $40.40 $164M -1,548,818 -22.5%
2 CDTX 18.41% 956,670 $211M $220.89 $86M -354,755 -27.1%
3 COGT 7.42% 2,398,993 $85M $35.52 $45M -390,144 -14.0%
4 TRVI 5.56% 5,094,668 $64M $12.52 $17M
5 CMPX 4.47% 9,545,466 $51M $5.37 $18M
6 DYN 4.46% 2,614,960 $51M $19.56 $18M
7 ABVX 4.22% 359,305 $48M $134.86 $18M
8 GERN 3.13% 27,225,292 $36M $1.32 -$1M
9 ERAS 3.01% 9,273,428 $34M $3.72 $14M
10 ZBIO 2.70% 853,495 $31M $36.31 $5M -329,765 -27.9%
11 VRDN 2.66% 982,576 $31M $31.12 $9M
12 ACRS 2.33% 8,888,888 $27M $3.01 $10M
13 CAMP 2.27% 4,246,568 $26M $6.13 $14M +325,000 +8.3%
14 TNGX 1.66% 2,154,780 $19M $8.86 $13M +1,378,081 +177.4%
15 ANRO 1.61% 1,035,551 $18M $17.80 +1,035,551 NEW
16 LBRX 1.55% 800,000 $18M $22.26 $5M
17 NERV 1.51% 4,322,747 $17M $4.02 +4,322,747 NEW
18 ORIC 1.51% 2,118,384 $17M $8.18 -$20M -1,008,220 -32.2%
19 CRVS 1.50% 2,234,566 $17M $7.70 $737K
20 OLMA 1.46% 671,843 $17M $25.00 $2M -834,019 -55.4%
21 PEPG 1.32% 2,325,000 $15M $6.51 $4M
22 DSGN 1.32% 1,612,903 $15M $9.38 +1,612,903 NEW
23 DNTH 1.27% 353,998 $15M $41.21 $658K
24 MLTX 1.15% 1,000,000 $13M $13.18 +1,000,000 NEW
25 CTMX 1.07% 2,884,615 $12M $4.26 $3M
26 UNCY 0.90% 1,789,916 $10M $5.77 $3M
27 0H7R.L 0.85% 1,842,751 $10M $5.27 -$18K
28 0LOV.L 0.74% 1,106,524 $9M $7.72 -$15M -1,538,461 -58.2%
29 SLN 0.59% 1,105,454 $7M $6.08 $984K
30 SERA 0.42% 1,650,440 $5M $2.95 -$182K
31 ENGNW 0.07% 285,046 $844K $2.96 +285,046 NEW
32 BOLT 0.03% 72,414 $396K $5.47 -$541K -103,650 -58.9%
33 ETNB —% -$6M -376,804 -100.0% SOLD
34 ATXS —% -$11M -1,552,685 -100.0% SOLD
35 VRNA —% -$149M -1,393,432 -100.0% SOLD
36 DCTH —% -$6M -569,526 -100.0% SOLD
37 AKRO —% -$21M -434,689 -100.0% SOLD
38 TRML —% -$28M -591,882 -100.0% SOLD
39 RZLT —% -$20M -2,112,432 -100.0% SOLD

New Positions

SymbolValue% Port
ANRO $18M 1.61%
NERV $17M 1.51%
DSGN $15M 1.32%
MLTX $13M 1.15%
ENGNW $844K 0.07%

Sold Out Positions

SymbolValue% Port
DCTH —%
RZLT —%
TRML —%
AKRO —%
ETNB —%
ATXS —%
VRNA —%
View SEC EDGAR Filings for Vivo Capital, LLC →

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