Decheng Capital LLC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$573.2B

Holdings

23

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (23 positions)

#StockSharesValue% PortfolioType
1
CGONCG ONCOLOGY INC
6,371,669$256.7B44.78%
2
NUVBNuvation Bio Inc.
25,954,439$96.0B16.75%
3
UPBUpstream Bio Inc.
3,285,293$61.8B10.78%
4
AARDAARDVARK THERAPEUTICS INC
3,917,299$52.1B9.08%
5
NAMSNEWAMSTERDAM PHARMA CO NV
657,051$18.7B3.26%
6
MRUSMERUS NV
186,546$17.6B3.06%
7
RVMDREVOLUTION MEDICINES INC(NSM)
210,000$9.8B1.71%
8
LYELLyell Immunopharma, Inc.
595,466$9.7B1.69%
9
BYSIBeyondSpring Inc.
4,286,104$7.8B1.35%
10
ACRSAclaris Therapeutics, Inc.
4,041,736$7.7B1.34%
11
RCUSArcus Biosciences, Inc
547,609$7.4B1.30%
12
EQEquillium Inc.
4,447,308$6.4B1.11%
13
CRNXCRINETICS PHARMACEUTICALS IN
143,000$6.0B1.04%
14
KRYSKRYSTAL BIOTECH INC
32,300$5.7B0.99%
15
AURAAura Biosciences, Inc.
515,555$3.2B0.56%
16
ZNTLZentalis Pharmaceuticals Inc.
1,323,327$2.0B0.35%
17
MLTXMOONLAKE IMMUNOTHERAPEUTICS
181,600$1.3B0.23%
18
FDMT4D MOLECULAR THERAPEUTICS IN
92,748$806.0M0.14%
19
ILMNIllumnia, Inc.
7,979$757.8M0.13%
20
PYXSPyxis Oncology, Inc (formerly Apexigen)
326,810$725.5M0.13%
21
GRALGRAIL INC
9,684$572.6M0.10%
22
RZLTREZOLUTE INC
59,900$563.1M0.10%
23
NUVB/WSNuvation Bio Inc.
646,057$115.5M0.02%