Velan Capital Investment Management LP

Q1 2026 13F-HR Holdings

Location
Alpharetta, GA
Holdings as of
3/31/2026
Date filed
5/15/2026
Form type
13F-HR
Num holdings
49
Total value ($000)
$159,645
Net value change ($000)
-12,734 (-7.4%)
New positions
12
Sold out positions
8
Turnover %
31.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/13/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 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)
STRO 9,148 253.4%
TENX 8,311 818.0%
IMMX 6,558 3583.6%
AVR 3,885 NEW
EDSA 3,352 343.4%
XNCR 3,015 NEW
PRAX 2,767 9.3%
CTMX 2,197 644.3%
LYEL 2,046 NEW
EVMN 1,583 18.2%
Top Reduces (Value $000, Stocks/ETFs)
CDTX -23,945 -100.0%
MLYS -5,182 -94.6%
LNTH -4,970 -100.0%
HRTX -4,375 -38.4%
RAPT -3,658 -100.0%
TERN -2,828 -100.0%
TRVI -2,567 -100.0%
JSPR -2,545 -52.1%
SNDX -2,497 -91.4%
AVTX -2,024 -42.3%
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