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Decheng Capital LLC

Q4 2025 · Filed 2026-02-12
Market Value
$701M
+29.0%
Holdings
20
-2
New Purchases
0
Added To
0
Closed
3
Reduced
8
Top 10 Concentration
98.7%
Turnover
15.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NUVB 33.16% 17.67% +15.49% $233M
UPB 12.17% 11.37% +0.80% $85M
RCUS 1.84% 1.37% +0.47% $13M
RVMD 2.27% 1.80% +0.47% $16M
ACRS 1.73% 1.41% +0.32% $12M
NUVB-WT 0.03% 0.02% +0.01% $213K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CGON 37.72% 47.22% -9.50% $265M
MRUS 0.00% 3.23% -3.23% $0
AARD 7.33% 9.58% -2.25% $51M
BYSI 0.88% 1.43% -0.54% $6M
CRNX 0.62% 1.10% -0.48% $4M
KRYS 0.61% 1.05% -0.44% $4M
AURA 0.28% 0.59% -0.31% $2M
EQ 0.98% 1.17% -0.19% $7M
ILMN 0.00% 0.14% -0.14% $0
ZNTL 0.25% 0.37% -0.11% $2M
GRAL 0.00% 0.11% -0.11% $0
FDMT 0.05% 0.15% -0.10% $332K
RZLT 0.02% 0.10% -0.08% $141K
PYXS 0.05% 0.13% -0.08% $376K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 2 $16M 2.3%
Mid Cap 6 $286M 40.8%
Small Cap 6 $332M 47.4%
Micro Cap 6 $67M 9.5%

Portfolio Analytics

Avg Market Cap
$4.5B
Median Market Cap
$517M
Avg P/E
32.4
Median P/E
32.4
Avg Dividend Yield
—%
Avg Beta
1.45
# Stocks
20
# ETFs / Funds
0

Top Holdings (20 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CGON 37.72% 6,371,669 $265M $41.52 $8M
2 NUVB 33.16% 25,954,439 $233M $8.96 $137M
3 UPB 12.17% 3,143,078 $85M $27.15 $24M -142,215 -4.3%
4 AARD 7.33% 3,917,299 $51M $13.13 -$646K
5 RVMD 2.27% 200,000 $16M $79.65 $6M -10,000 -4.8%
6 RCUS 1.84% 541,559 $13M $23.83 $5M -6,050 -1.1%
7 ACRS 1.73% 4,041,736 $12M $3.01 $4M
8 EQ 0.98% 4,447,308 $7M $1.55 $534K
9 BYSI 0.88% 3,800,702 $6M $1.63 -$2M -485,402 -11.3%
10 CRNX 0.62% 92,700 $4M $46.55 -$2M -50,300 -35.2%
11 KRYS 0.61% 17,300 $4M $246.54 -$1M -15,000 -46.4%
12 AURA 0.28% 360,483 $2M $5.45 -$1M -155,072 -30.1%
13 ZNTL 0.25% 1,323,327 $2M $1.35 -$212K
14 PYXS 0.05% 326,810 $376K $1.15 -$350K
15 FDMT 0.05% 44,311 $332K $7.50 -$474K -48,437 -52.2%
16 NUVB-WT 0.03% 646,057 $213K $0.33 $98K
17 RZLT 0.02% 59,900 $141K $2.36 -$422K
18 ILMN —% -$758K -7,979 -100.0% SOLD
19 MRUS —% -$18M -186,546 -100.0% SOLD
20 GRAL —% -$573K -9,684 -100.0% SOLD

Sold Out Positions

SymbolValue% Port
ILMN —%
GRAL —%
MRUS —%
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