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Decheng Capital LLC

Q2 2025 · Filed 2025-08-13
Market Value
$368M
+12.4%
Holdings
25
-1
New Purchases
1
Added To
2
Closed
3
Reduced
7
Top 10 Concentration
96.0%
Turnover
16.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AARD 14.38% 8.98% +5.40% $53M
UPB 9.80% 6.14% +3.66% $36M
BYSI 2.89% 2.13% +0.76% $11M
MRUS 2.70% 2.43% +0.27% $10M
ACLX 1.21% 1.00% +0.21% $4M
RZLT 0.07% 0.00% +0.07% $267K
GRAL 0.14% 0.08% +0.06% $498K
NUVB-WT 0.03% 0.01% +0.02% $127K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CGON 44.99% 47.63% -2.64% $166M
RCUS 0.22% 1.94% -1.72% $811K
CYTK 0.00% 1.23% -1.23% $0
KRYS 2.46% 3.58% -1.11% $9M
LEGN 0.19% 1.04% -0.84% $710K
CRNX 1.12% 1.82% -0.70% $4M
ZNTL 0.42% 0.98% -0.56% $2M
BNTX 0.00% 0.56% -0.56% $0
ACRS 1.56% 1.89% -0.33% $6M
NUVB 13.75% 13.94% -0.20% $51M
RVMD 2.26% 2.44% -0.18% $8M
EQ 0.38% 0.53% -0.15% $1M
FDMT 0.24% 0.33% -0.09% $889K
ILMN 0.21% 0.28% -0.08% $761K
AURA 0.88% 0.92% -0.05% $3M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 3 $9M 2.5%
Mid Cap 10 $195M 53.0%
Small Cap 6 $97M 26.3%
Micro Cap 6 $67M 18.2%

Portfolio Analytics

Avg Market Cap
$5.5B
Median Market Cap
$2.4B
Avg P/E
32.4
Median P/E
32.4
Avg Dividend Yield
—%
Avg Beta
1.29
# Stocks
25
# ETFs / Funds
0

Top Holdings (25 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CGON 44.99% 6,371,669 $166M $26.00 $10M
2 AARD 14.38% 3,917,299 $53M $13.52 $24M
3 NUVB 13.75% 25,954,439 $51M $1.95 $5M
4 UPB 9.80% 3,285,293 $36M $10.98 $16M
5 BYSI 2.89% 4,531,481 $11M $2.35 $4M -351,170 -7.2%
6 MRUS 2.70% 189,098 $10M $52.60 $2M
7 KRYS 2.46% 66,000 $9M $137.46 -$3M +1,000 +1.5%
8 RVMD 2.26% 226,000 $8M $36.79 $323K
9 ACRS 1.56% 4,041,736 $6M $1.42 -$445K
10 ACLX 1.21% 547,609 $4M $8.14 $1M +497,609 +995.2%
11 CRNX 1.12% 143,000 $4M $28.76 -$2M -34,958 -19.6%
12 AURA 0.88% 515,555 $3M $6.26 $206K
13 ZNTL 0.42% 1,323,327 $2M $1.16 -$2M -696,435 -34.5%
14 EQ 0.38% 4,447,308 $1M $0.32 -$343K
15 FDMT 0.24% 239,510 $889K $3.71 -$195K -96,005 -28.6%
16 RCUS 0.22% 160,000 $811K $5.07 -$6M -648,789 -80.2%
17 ILMN 0.21% 7,979 $761K $95.41 -$171K -3,770 -32.1%
18 LEGN 0.19% 20,000 $710K $35.49 -$3M -80,000 -80.0%
19 GRAL 0.14% 9,684 $498K $51.42 $251K
20 PYXS 0.10% 326,810 $359K $1.10 $39K
21 RZLT 0.07% 59,900 $267K $4.46 +59,900 NEW
22 NUVB-WT 0.03% 646,057 $127K $0.20 $83K
23 CYTK —% -$4M -100,000 -100.0% SOLD
24 VERA —% -$108K -4,495 -100.0% SOLD
25 BNTX —% -$2M -20,000 -100.0% SOLD

New Positions

SymbolValue% Port
RZLT $267K 0.07%

Sold Out Positions

SymbolValue% Port
BNTX —%
CYTK —%
VERA —%
View SEC EDGAR Filings for Decheng Capital LLC →

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