VR Adviser, LLC Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$1.3T

Holdings

31

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (31 positions)

#StockSharesValue% PortfolioType
1
APGEAPOGEE THERAPEUTICS INC
8,493,321$368.9B27.64%
2
OCULOCULAR THERAPEUTIX INC
12,762,462$118.4B8.88%
3
MTSRMETSERA INC
3,750,662$106.7B8.00%
4
ELVNENLIVEN THERAPEUTICS INC
4,026,331$80.8B6.05%
5
KALVKALVISTA PHARMACEUTICALS INC
6,728,985$76.1B5.70%
6
ORICORIC PHARMACEUTICALS INC
6,596,885$67.0B5.02%
7
VRDNVIRIDIAN THERAPEUTICS INC
3,882,709$54.3B4.07%
8
ORKAORUKA THERAPEUTICS INC
4,148,428$46.5B3.48%
9
SYRESPYRE THERAPEUTICS INC
2,685,448$40.2B3.01%
10
PHVSPHARVARIS N V
2,047,620$36.0B2.70%
11
COGTCOGENT BIOSCIENCES INC
4,755,411$34.1B2.56%
12
JBIOJADE BIOSCIENCES INC
3,220,364$32.2B2.41%
13
CTMXCYTOMX THERAPEUTICS INC
13,969,882$31.7B2.38%
14
CDTXCIDARA THERAPEUTICS INC
639,088$31.1B2.33%
15
UPBUPSTREAM BIO INC
2,295,319$25.2B1.89%
16
ERASERASCA INC
17,857,083$22.7B1.70%
17
CBIOCRESCENT BIOPHARMA INC.
1,387,864$22.4B1.68%
18
DYNDYNE THERAPEUTICS INC
2,173,913$20.7B1.55%
19
YB4PSAVARA INC
8,884,263$20.3B1.52%
20
DNTHDIANTHUS THERAPEUTICS INC
1,000,000$18.6B1.40%
21
ENGNENGENE HOLDINGS INC
5,046,414$18.4B1.38%
22
CATBUSDASTRIA THERAPEUTICS INC
2,457,348$13.2B0.99%
23
CGEMCULLINAN THERAPEUTICS INC
1,379,965$10.4B0.78%
24
ABVXABIVAX SA
1,345,780$10.3B0.77%
25
PERCEPTIVE CAP SOLUTIONS COR
750,000$8.0B0.60%
26
SEPNSEPTERNA INC
540,453$5.7B0.43%
27
SRZNSURROZEN INC
632,931$5.7B0.42%
28
ZURAZURA BIO LTD
4,631,216$4.9B0.36%
29
ARTVARTIVA BIOTHERAPEUTICS INC
1,609,569$2.4B0.18%
30
CASI PHARMACEUTICALS INC
987,259$1.2B0.09%
31
TENXTENAX THERAPEUTICS INC
98,564$567.7M0.04%