Decheng Capital LLC

Q4 2025 13F-HR Holdings

Location
Menlo Park, CA
Holdings as of
12/31/2025
Date filed
2/12/2026
Form type
13F-HR
Num holdings
19
Total value ($000)
$743,407
Net value change ($000)
+170,211 (29.7%)
New positions
0
Sold out positions
4
Turnover %
2.7%
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)
NUVB 136,521 142.2%
UPB 23,539 38.1%
LYEL 11,631 120.3%
CGON 7,901 3.1%
RVMD 6,123 62.4%
RCUS 5,458 73.3%
ACRS 4,487 58.4%
NAMS 2,082 11.1%
EQ 533 8.4%
NUVB 98 85.2%
Top Reduces (Value $000, Stocks/ETFs)
Merus N.V. -17,563 -100.0%
CRNX -1,641 -27.6%
BYSI -1,563 -20.1%
KRYS -1,437 -25.2%
MLTX -1,302 -100.0%
AURA -1,221 -38.3%
ILMN -758 -100.0%
AARD -646 -1.2%
GRAL -573 -100.0%
FDMT -474 -58.8%
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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type