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Portfolio (Quarterly) Guide ↗

VR ADVISER, LLC

· CIK 0001615982
13F Portfolio $2.0B AUM 27 positions Filed Feb 17, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 1 New 7 Added 4 Reduced 7 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 OCUL OCULAR THERAPEUTIX INC Healthcare 7,315,547.0 $88.8M 4.39% -5.8M -44.4% $12.14 -26.4%
2 COGT COGENT BIOSCIENCES INC Healthcare 2,000,000.0 $71.0M 3.51% -2.0M -50.0% $35.52 -6.9%
3 ORIC ORIC PHARMACEUTICALS INC Healthcare 5,676,230.0 $46.4M 2.29% -921K -14.0% $8.18 +1.6%
4 ENGENE HOLDINGS INC 4,771,414.0 $43.1M 2.13% -275K -5.5% $9.03

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Healthcare 100.0%