Velan Capital Investment Management LP

Q3 2025 13F-HR Holdings

Location
Alpharetta, GA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
49
Total value ($000)
$106,465
Net value change ($000)
+5,229 (5.2%)
New positions
11
Sold out positions
11
Turnover %
49.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
CDTX 5,510 113.1%
ABVX 5,467 NEW
MLYS 4,297 181.9%
ZOOZ 4,280 NEW
LNTH 3,772 NEW
RZLT 3,705 110.8%
NSPR 3,114 151.8%
TARA 2,824 43.6%
AVTX 2,578 333.5%
EPRX 2,077 NEW
Top Reduces (Value $000, Stocks/ETFs)
VRNA -8,985 -100.0%
ZVRA -6,299 -100.0%
TRML -6,021 -95.6%
ARVN -3,680 -100.0%
SCPH -3,496 -100.0%
HRTX -3,434 -23.7%
LQDA -2,981 -100.0%
JSPR -1,752 -22.0%
CATX -1,720 -100.0%
REPL -1,617 -95.1%
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