NEA Management Company, LLC

Q4 2025 13F-HR Holdings

Location
Timonium, MD
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
27
Total value ($000)
$1,961,137
Net value change ($000)
+138,872 (7.6%)
New positions
1
Sold out positions
3
Turnover %
13.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CELC 246,711 232.9%
ZBIO 67,239 110.8%
GLUE 63,615 111.6%
SVRA 60,200 68.9%
MBX 50,747 80.2%
TRVI 44,559 36.8%
AUPH 19,452 44.3%
RYTM 17,606 6.0%
PHAT 9,448 41.0%
GOSS 8,503 17.9%
Top Reduces (Value $000, Stocks/ETFs)
VRNA -240,417 -100.0%
COUR -55,975 -37.1%
ACLX -51,465 -20.6%
KRRO -43,501 -83.3%
NEUE -18,189 -100.0%
ORIC -15,733 -31.8%
CRSP -13,095 -19.1%
OMDA -8,051 -100.0%
BDTX -6,051 -35.9%
CVRX -1,965 -12.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type