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Portfolio (Quarterly) Guide ↗

Velan Capital Investment Management LP

· CIK 0001848809
13F Portfolio $172M AUM Filed Feb 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 46 New
Page 2 of 3  ·  46 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 TRVI TREVI THERAPEUTICS INC Healthcare 205,000.0 $2.6M 1.49% NEW $12.52 +12.9%
22 PROF PROFOUND MED CORP Healthcare 285,710.0 $2.2M 1.30% NEW $7.87 -13.2%
23 KZIA KAZIA THERAPEUTICS LTD Healthcare 300,000.0 $2.1M 1.20% NEW $6.89 +98.3%
24 RZLT REZOLUTE INC Healthcare 750,000.0 $1.8M 1.03% NEW $2.36 +37.7%
25 TENAX THERAPEUTICS INC 83,333.0 $1.0M 0.59% NEW $12.19
26 EDESA BIOTECH INC 687,500.0 $976K 0.57% NEW $1.42
27 CALL TREVI THERAPEUTICS INC 38,500.0 $482K 0.28% NEW $12.52
28 ARWR ARROWHEAD PHARMACEUTICALS IN Healthcare 6,500.0 $432K 0.25% NEW $66.39 +12.9%
29 VENTYX BIOSCIENCES INC 40,000.0 $361K 0.21% NEW $9.03
30 CTMX CYTOMX THERAPEUTICS INC Healthcare 80,000.0 $341K 0.20% NEW $4.26 -11.7%
31 PTGX PROTAGONIST THERAPEUTICS INC Healthcare 3,700.0 $323K 0.19% NEW $87.34 +13.6%
32 NRIX NURIX THERAPEUTICS INC Healthcare 16,000.0 $304K 0.18% NEW $18.97 -7.7%
33 OVID OVID THERAPEUTICS INC Healthcare 160,000.0 $261K 0.15% NEW $1.63 +51.5%
34 GOSS GOSSAMER BIO INC Healthcare 70,000.0 $217K 0.13% NEW $3.10 -93.2%
35 IMNM IMMUNOME INC Healthcare 10,000.0 $215K 0.12% NEW $21.48 +0.8%
36 DSGN DESIGN THERAPEUTICS INC Healthcare 20,000.0 $188K 0.11% NEW $9.38 +17.0%
37 IMMX IMMIX BIOPHARMA INC Healthcare 35,000.0 $183K 0.11% NEW $5.23 +67.9%
38 CNTX CONTEXT THERAPEUTICS INC Healthcare 100,000.0 $147K 0.09% NEW $1.47 +76.9%
39 REPL REPLIMUNE GROUP INC Healthcare 15,000.0 $146K 0.09% NEW $9.72 -49.5%
40 LRMR LARIMAR THERAPEUTICS INC Healthcare 33,000.0 $126K 0.07% NEW $3.81 -9.4%
Page 2 of 3  ·  46 positions

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%