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Velan Capital Investment Management LP

Q1 2026 · Filed 2026-05-15
Market Value
$89M
-26.3%
Holdings
46
New Purchases
11
Added To
8
Closed
7
Reduced
5
Top 10 Concentration
80.7%
Turnover
39.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IMMX 7.60% 0.15% +7.45% $7M
AVR 4.38% 0.00% +4.38% $4M
EVMN 11.57% 7.21% +4.36% $10M
TARA 16.66% 12.56% +4.09% $15M
MPLT 11.30% 7.63% +3.67% $10M
XNCR 3.40% 0.00% +3.40% $3M
CTMX 2.86% 0.28% +2.58% $3M
LYEL 2.31% 0.00% +2.31% $2M
ABVX 9.67% 7.51% +2.16% $9M
ESPR 5.31% 3.72% +1.59% $5M
RCKT 1.19% 0.00% +1.19% $1M
RZLT 2.58% 1.47% +1.11% $2M
QNRX 0.63% 0.00% +0.63% $560K
PROF 2.09% 1.87% +0.22% $2M
0SZI.L 0.28% 0.09% +0.19% $244K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CDTX 0.00% 19.91% -19.91% $0
MLYS 0.34% 4.56% -4.22% $298K
LNTH 0.00% 4.13% -4.13% $0
RAPT 0.00% 3.04% -3.04% $0
TERN 0.00% 2.35% -2.35% $0
TRVI 0.00% 2.13% -2.13% $0
SNDX 0.26% 2.27% -2.01% $234K
HRTX 7.90% 9.46% -1.56% $7M
KZIA 1.14% 1.72% -0.58% $1M
VRCA 2.81% 3.26% -0.45% $2M
VTYX 0.00% 0.30% -0.30% $0
VRDN 2.01% 2.24% -0.23% $2M
GOSS 0.03% 0.18% -0.15% $23K
PYXS 0.00% 0.04% -0.04% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 1 $408K 0.5%
Mid Cap 7 $9M 10.4%
Small Cap 19 $40M 45.1%
Micro Cap 19 $39M 44.1%

Portfolio Analytics

Avg Market Cap
$1.4B
Median Market Cap
$334M
Avg P/E
23.9
Median P/E
23.9
Avg Dividend Yield
—%
Avg Beta
1.06
# Stocks
46
# ETFs / Funds
0

Top Holdings (46 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TARA 16.66% 2,834,652 $15M $5.21 -$340K
2 EVMN 11.57% 446,255 $10M $22.99 $2M -60,499 -11.9%
3 MPLT 11.30% 492,893 $10M $20.33 $846K -29,412 -5.6%
4 ABVX 9.67% 77,000 $9M $111.35 -$461K +10,000 +14.9%
5 HRTX 7.90% 8,753,290 $7M $0.80 -$4M
6 IMMX 7.60% 740,000 $7M $9.11 $7M +705,000 +2014.3%
7 ESPR 5.31% 1,720,000 $5M $2.74 $236K +510,000 +42.1%
8 AVR 4.38% 700,000 $4M $5.55 +700,000 NEW
9 XNCR 3.40% 250,000 $3M $12.06 +250,000 NEW
10 CTMX 2.86% 540,000 $3M $4.70 $2M +460,000 +575.0%
11 VRCA 2.81% 471,559 $2M $5.29 -$1M
12 RZLT 2.58% 750,000 $2M $3.05 $518K
13 LYEL 2.31% 102,000 $2M $20.06 +102,000 NEW
14 PROF 2.09% 285,710 $2M $6.48 -$397K
15 VRDN 2.01% 91,123 $2M $19.56 -$910K +4,623 +5.3%
16 RCKT 1.19% 294,643 $1M $3.58 +294,643 NEW
17 KZIA 1.14% 135,315 $1M $7.44 -$1M -164,685 -54.9%
18 QNRX 0.63% 84,849 $560K $6.60 +84,849 NEW
19 ARWR 0.46% 6,500 $408K $62.70 -$24K
20 PTGX 0.44% 3,700 $390K $105.40 $67K
21 OVID 0.40% 160,000 $355K $2.22 $94K
22 MLYS 0.34% 11,000 $298K $27.09 -$5M -140,000 -92.7%
23 CNTX 0.30% 100,000 $262K $2.62 $115K
24 NRIX 0.28% 16,000 $248K $15.50 -$56K
25 0SZI.L 0.28% 26,000 $244K $9.39 $138K +13,000 +100.0%
26 SNDX 0.26% 10,000 $234K $23.36 -$2M -120,000 -92.3%
27 IMNM 0.25% 10,000 $219K $21.87 $4K
28 DSGN 0.24% 20,000 $213K $10.64 $25K
29 ARTV 0.18% 25,000 $161K $6.44 +25,000 NEW
30 NMRA 0.18% 80,000 $156K $1.95 +80,000 NEW
31 REPL 0.17% 20,000 $153K $7.65 $7K +5,000 +33.3%
32 LRMR 0.17% 33,000 $148K $4.50 $23K
33 XLO 0.14% 14,285 $120K $8.41 +14,285 NEW
34 KLRS 0.12% 18,000 $104K $5.77 +18,000 NEW
35 PMVP 0.10% 73,000 $91K $1.24 $47K +38,000 +108.6%
36 MGNX 0.10% 30,000 $87K $2.89 +30,000 NEW
37 KPTI 0.09% 15,000 $84K $5.57 +15,000 NEW
38 PRQR 0.08% 45,000 $73K $1.62 -$18K
39 GOSS 0.03% 70,000 $23K $0.33 -$194K
40 TRVI —% -$3M -205,000 -100.0% SOLD
41 PYXS —% -$46K -40,000 -100.0% SOLD
42 TERN —% -$3M -70,000 -100.0% SOLD
43 RAPT —% -$4M -108,000 -100.0% SOLD
44 LNTH —% -$5M -74,687 -100.0% SOLD
45 VTYX —% -$361K -40,000 -100.0% SOLD
46 CDTX —% -$24M -108,404 -100.0% SOLD

New Positions

SymbolValue% Port
AVR $4M 4.38%
XNCR $3M 3.40%
LYEL $2M 2.31%
RCKT $1M 1.19%
QNRX $560K 0.63%
ARTV $161K 0.18%
NMRA $156K 0.18%
XLO $120K 0.14%
KLRS $104K 0.12%
MGNX $87K 0.10%
KPTI $84K 0.09%

Sold Out Positions

SymbolValue% Port
LNTH —%
PYXS —%
TRVI —%
TERN —%
RAPT —%
VTYX —%
CDTX —%
View SEC EDGAR Filings for Velan Capital Investment Management LP →

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