Velan Capital Investment Management LP
Net seller this quarter
$164M
50
-$6M
74.8%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 PRAX | $29.7M | 18.10% | 0.32% | -11.9% | Q1 2023 |
 MPLT | $17.7M | 10.76% | 1.08% | Not reported | Q4 2025 |
 STRO | $17M | 10.36% | 3.09% | Not reported | Q4 2024 |
 IMMX | $11.2M | 6.81% | 1.52% | +46.6% | Q2 2025 |
 TARA | $10.9M | 6.62% | 4.81% | +0.4% | Q2 2024 |
 ABVX | $8.75M | 5.33% | 0.08% | -14.8% | Q3 2025 |
 TENX | $8M | 4.87% | 1.72% | -5.7% | Q3 2024 |
 AVR | $6.9M | 4.20% | 0.72% | Not reported | Q1 2026 |
 EDSA | $6.73M | 4.10% | 8.59% | Not reported | Q4 2022 |
 EVMN | $6M | 3.65% | 1.24% | +1.1% | Q4 2025 |
 AVTX | $6M | 3.65% | 0.61% | +75.3% | Q4 2024 |
 XNCR | $4.11M | 2.50% | 0.34% | +2.0% | Q1 2026 |
 RZLT | $3.9M | 2.38% | 0.78% | Not reported | Q4 2021 |
 HRTX | $3.74M | 2.28% | 4.62% | Not reported | Q4 2022 |
 VRCA | $2.89M | 1.76% | 2.75% | Not reported | Q4 2025 |
 CCCC | $2.66M | 1.62% | 0.46% | New | Q2 2026 |
 EPRX | $2.33M | 1.42% | 0.68% | Not reported | Q3 2025 |
 ADMA | $2.09M | 1.27% | 0.11% | Not reported | Q4 2021 |
 RNTX | $1.77M | 1.08% | 1.98% | New | Q2 2026 |
 LYEL | $1.48M | 0.90% | 0.45% | +2.9% | Q1 2026 |
 NSRX | $1.26M | 0.77% | 3.99% | Not reported | Q1 2026 |
 PROF | $1.13M | 0.69% | 0.47% | -40.4% | Q4 2025 |
 JSPR | $1.12M | 0.68% | 9.50% | Not reported | Q4 2021 |
 PTGX | $454K | 0.28% | 0.01% | Not reported | Q2 2025 |
 CTMX | $450K | 0.27% | 0.06% | -77.8% | Q4 2024 |
 NMRA | $391K | 0.24% | 0.12% | +187.5% | Q1 2026 |
 NRIX | $388K | 0.24% | 0.02% | Not reported | Q4 2024 |
 OVID | $350K | 0.21% | 0.07% | -18.8% | Q4 2024 |
 DTIL | $314K | 0.19% | 0.15% | Not reported | Q3 2025 |
 MLYS | $297K | 0.18% | 0.01% | Not reported | Q1 2025 |
 MGNX | $277K | 0.17% | 0.09% | +100.0% | Q1 2026 |
 CRBP | $244K | 0.15% | 0.14% | Not reported | Q3 2024 |
 ARTV | $243K | 0.15% | 0.10% | Not reported | Q1 2026 |
 REPL | $221K | 0.13% | 0.02% | Not reported | Q4 2024 |
 SNDX | $219K | 0.13% | 0.01% | Not reported | Q3 2025 |
 IMNM | $212K | 0.13% | 0.01% | Not reported | Q1 2025 |
 TECX | $206K | 0.13% | 0.03% | New | Q2 2026 |
 RCKT | $205K | 0.12% | 0.05% | -79.6% | Q1 2026 |
 KPTI | $195K | 0.12% | 0.09% | +33.3% | Q4 2024 |
 ANTX | $194K | 0.12% | 0.11% | New | Q2 2026 |
 VRDN | $184K | 0.11% | 0.01% | -89.0% | Q2 2025 |
 SCYX | $163K | 0.10% | 0.40% | New | Q2 2026 |
 QNRX | $157K | 0.10% | 0.05% | -61.9% | Q1 2026 |
 XLO | $137K | 0.08% | 0.22% | Not reported | Q4 2025 |
 NSPR | $104K | 0.06% | 0.32% | -92.9% | Q2 2023 |
 KLRS | $102K | 0.06% | 0.11% | +38.9% | Q1 2026 |
 LRMR | $101K | 0.06% | 0.03% | Not reported | Q4 2024 |
 PRQR | $83.7K | 0.05% | 0.04% | Not reported | Q4 2024 |
 CNTX | $33.1K | 0.02% | 0.07% | -40.3% | Q2 2024 |
 GOSS | $11.5K | 0.01% | 0.01% | Not reported | Q3 2023 |
| Q1 2026 | |||||
| PRAX | $32.5M | 20.34% | 0.36% | Not reported | Q1 2023 |
| TARA | $14.8M | 9.25% | 5.15% | Not reported | Q2 2024 |
| STRO | $12.8M | 7.99% | 3.09% | +64.2% | Q4 2024 |
| EVMN | $10.3M | 6.43% | 1.24% | -11.9% | Q4 2025 |
| MPLT | $10M | 6.28% | 1.09% | -5.6% | Q4 2025 |
| TENX | $9.33M | 5.84% | 2.40% | +600.0% | Q3 2024 |
| ABVX | $8.57M | 5.37% | 0.10% | +14.9% | Q3 2025 |
| HRTX | $7M | 4.39% | 4.64% | Not reported | Q4 2022 |
| IMMX | $6.74M | 4.22% | 1.40% | +2014.3% | Q2 2025 |
| ESPR | $4.71M | 2.95% | 0.67% | +42.2% | Q4 2025 |
| EDSA | $4.33M | 2.71% | 9.31% | +20.4% | Q4 2022 |
| AVR | $3.89M | 2.43% | 0.72% | New | Q1 2026 |
| NSPR | $3.42M | 2.14% | 4.48% | -2.1% | Q2 2023 |
| XNCR | $3.02M | 1.89% | 0.34% | New | Q1 2026 |
| AVTX | $2.76M | 1.73% | 0.75% | -29.8% | Q4 2024 |
| EPRX | $2.55M | 1.60% | 0.68% | Not reported | Q3 2025 |
| CTMX | $2.54M | 1.59% | 0.32% | +575.0% | Q4 2024 |
| VRCA | $2.49M | 1.56% | 2.75% | Not reported | Q4 2025 |
| JSPR | $2.34M | 1.46% | 9.53% | Not reported | Q4 2021 |
| RZLT | $2.29M | 1.43% | 0.78% | Not reported | Q4 2021 |
| LYEL | $2.05M | 1.28% | 0.44% | New | Q1 2026 |
| PROF | $1.85M | 1.16% | 0.79% | Not reported | Q4 2025 |
| VRDN | $1.78M | 1.12% | 0.09% | +5.3% | Q2 2025 |
| RCKT | $1.05M | 0.66% | 0.27% | New | Q1 2026 |
 KZIA | $1.01M | 0.63% | 0.02% | -54.9% | Q4 2025 |
| NSRX | $798K | 0.50% | 3.99% | New | Q1 2026 |
| QNRX | $560K | 0.35% | 0.12% | New | Q1 2026 |
 ARWR | $408K | 0.26% | 0.00% | Not reported | Q3 2025 |
| PTGX | $390K | 0.24% | 0.01% | Not reported | Q2 2025 |
| OVID | $355K | 0.22% | 0.10% | Not reported | Q4 2024 |
| MLYS | $298K | 0.19% | 0.01% | -92.7% | Q1 2025 |
| CNTX | $262K | 0.16% | 0.11% | Not reported | Q2 2024 |
| NRIX | $248K | 0.16% | 0.02% | Not reported | Q4 2024 |
| CRBP | $244K | 0.15% | 0.15% | +100.0% | Q3 2024 |
| SNDX | $234K | 0.15% | 0.01% | -92.3% | Q3 2025 |
| DTIL | $220K | 0.14% | 0.16% | +100.0% | Q3 2025 |
| IMNM | $219K | 0.14% | 0.01% | Not reported | Q1 2025 |
 DSGN | $213K | 0.13% | 0.03% | Not reported | Q1 2025 |
| ARTV | $161K | 0.10% | 0.10% | New | Q1 2026 |
| NMRA | $156K | 0.10% | 0.04% | New | Q1 2026 |
| REPL | $153K | 0.10% | 0.02% | +33.3% | Q4 2024 |
| LRMR | $149K | 0.09% | 0.03% | Not reported | Q4 2024 |
| XLO | $120K | 0.08% | 0.25% | +17.6% | Q4 2025 |
| KLRS | $104K | 0.07% | 0.08% | New | Q1 2026 |
 PMVP | $90.5K | 0.06% | 0.14% | +108.6% | Q4 2024 |
| MGNX | $86.7K | 0.05% | 0.05% | New | Q1 2026 |
| KPTI | $83.6K | 0.05% | 0.07% | Not reported | Q4 2024 |
| PRQR | $72.9K | 0.05% | 0.04% | Not reported | Q4 2024 |
| GOSS | $23K | 0.01% | 0.03% | Not reported | Q3 2023 |
| Q4 2025 | |||||
| PRAX | $29.7M | 17.23% | 0.40% | -24.1% | Q1 2023 |
| CDTX | $23.9M | 13.89% | 0.34% | Not reported | Q2 2025 |
| TARA | $15.1M | 8.76% | 5.29% | +32.5% | Q2 2024 |
| HRTX | $11.4M | 6.60% | 4.65% | Not reported | Q4 2022 |
| MPLT | $9.17M | 5.32% | 1.19% | New | Q4 2025 |
| ABVX | $9.04M | 5.24% | 0.09% | +4.1% | Q3 2025 |
| EVMN | $8.68M | 5.03% | 1.61% | New | Q4 2025 |
| MLYS | $5.48M | 3.18% | 0.19% | -14.0% | Q1 2025 |
 LNTH | $4.97M | 2.88% | 0.12% | +1.6% | Q4 2021 |
| JSPR | $4.88M | 2.83% | 9.53% | Not reported | Q4 2021 |
| AVTX | $4.79M | 2.78% | 1.42% | Not reported | Q4 2024 |
| ESPR | $4.48M | 2.60% | 0.51% | New | Q4 2025 |
| VRCA | $3.92M | 2.27% | 2.75% | New | Q4 2025 |
| NSPR | $3.82M | 2.21% | 4.92% | Not reported | Q2 2023 |
| RAPT | $3.66M | 2.12% | 0.39% | +35.0% | Q4 2021 |
| STRO | $3.61M | 2.09% | 3.63% | Not reported | Q4 2024 |
| TERN | $2.83M | 1.64% | 0.06% | +250.0% | Q4 2022 |
| SNDX | $2.73M | 1.58% | 0.15% | Not reported | Q3 2025 |
| VRDN | $2.69M | 1.56% | 0.08% | Not reported | Q2 2025 |
| EPRX | $2.66M | 1.54% | 0.68% | Not reported | Q3 2025 |
 TRVI | $2.57M | 1.49% | 0.16% | Not reported | Q3 2025 |
| PROF | $2.25M | 1.30% | 0.79% | New | Q4 2025 |
| KZIA | $2.07M | 1.20% | 0.04% | New | Q4 2025 |
| RZLT | $1.77M | 1.03% | 0.78% | Not reported | Q4 2021 |
| TENX | $1.02M | 0.59% | 0.89% | Not reported | Q3 2024 |
| EDSA | $976K | 0.57% | 8.25% | Not reported | Q4 2022 |
| ARWR | $432K | 0.25% | 0.00% | Not reported | Q3 2025 |
| VTYX | $361K | 0.21% | 0.06% | Not reported | Q4 2024 |
| CTMX | $341K | 0.20% | 0.05% | Not reported | Q4 2024 |
| PTGX | $323K | 0.19% | 0.01% | Not reported | Q2 2025 |
| NRIX | $304K | 0.18% | 0.02% | Not reported | Q4 2024 |
| OVID | $261K | 0.15% | 0.12% | Not reported | Q4 2024 |
| GOSS | $217K | 0.13% | 0.03% | Not reported | Q3 2023 |
| IMNM | $215K | 0.12% | 0.01% | Not reported | Q1 2025 |
| DSGN | $188K | 0.11% | 0.03% | Not reported | Q1 2025 |
| IMMX | $183K | 0.11% | 0.07% | Not reported | Q2 2025 |
| CNTX | $147K | 0.09% | 0.11% | Not reported | Q2 2024 |
| REPL | $146K | 0.08% | 0.02% | -25.0% | Q4 2024 |
| LRMR | $126K | 0.07% | 0.04% | Not reported | Q4 2024 |
| XLO | $109K | 0.06% | 3.75% | New | Q4 2025 |
| CRBP | $106K | 0.06% | 0.07% | -78.7% | Q3 2024 |
| PRQR | $90.9K | 0.05% | 0.04% | Not reported | Q4 2024 |
| DTIL | $83.2K | 0.05% | 0.08% | Not reported | Q3 2025 |
 PYXS | $46K | 0.03% | 0.06% | -27.3% | Q2 2025 |
| PMVP | $43.8K | 0.03% | 0.07% | Not reported | Q4 2024 |
| Q3 2025 | |||||
| HRTX | $11M | 10.36% | 5.71% | +25.3% | Q4 2022 |
| CDTX | $10.4M | 9.75% | 0.37% | +8.4% | Q2 2025 |
| TARA | $9.3M | 8.74% | 5.54% | Not reported | Q2 2024 |
| RZLT | $7.05M | 6.62% | 0.82% | Not reported | Q4 2021 |
| PRAX | $7.04M | 6.61% | 0.63% | -11.1% | Q1 2023 |
| MLYS | $6.66M | 6.25% | 0.22% | +0.6% | Q1 2025 |
| JSPR | $6.21M | 5.83% | 9.54% | +86.1% | Q4 2021 |
| ABVX | $5.47M | 5.13% | 0.10% | New | Q3 2025 |
| NSPR | $5.17M | 4.85% | 5.11% | +137.1% | Q2 2023 |
 ZOOZ | $4.28M | 4.02% | 16.47% | New | Q3 2025 |
 ALMS | $3.78M | 3.55% | Not reported | -41.6% | Q2 2025 |
| LNTH | $3.77M | 3.54% | 0.10% | Not reported | Q4 2021 |
| AVTX | $3.35M | 3.15% | 1.48% | +70.1% | Q4 2024 |
| STRO | $2.71M | 2.54% | 3.67% | +2.0% | Q4 2024 |
| EPRX | $2.08M | 1.95% | 0.99% | New | Q3 2025 |
| RAPT | $2.06M | 1.94% | 0.48% | Not reported | Q4 2021 |
| SNDX | $2M | 1.88% | 0.15% | New | Q3 2025 |
| TRVI | $1.88M | 1.76% | 0.16% | New | Q3 2025 |
 QURE | $1.87M | 1.75% | 0.05% | New | Q3 2025 |
| VRDN | $1.87M | 1.75% | 0.11% | Not reported | Q2 2025 |
| EDSA | $1.7M | 1.60% | 9.63% | Not reported | Q4 2022 |
 TELA | $1.11M | 1.05% | 1.85% | Not reported | Q4 2021 |
 ELDN | $899K | 0.84% | 0.58% | +2.4% | Q4 2024 |
| CRBP | $772K | 0.72% | 0.49% | +3.4% | Q3 2024 |
| TENX | $634K | 0.60% | 1.41% | Not reported | Q3 2024 |
| TRML | $277K | 0.26% | 0.02% | -98.5% | Q4 2023 |
| CTMX | $255K | 0.24% | 0.05% | +6.7% | Q4 2024 |
| PTGX | $246K | 0.23% | 0.01% | Not reported | Q2 2025 |
| ARWR | $224K | 0.21% | 0.00% | New | Q3 2025 |
| OVID | $208K | 0.20% | 0.22% | Not reported | Q4 2024 |
| GOSS | $184K | 0.17% | 0.03% | -6.7% | Q3 2023 |
 ALEC | $163K | 0.15% | 0.05% | Not reported | Q4 2024 |
| DSGN | $151K | 0.14% | 0.04% | Not reported | Q1 2025 |
| TERN | $150K | 0.14% | 0.02% | Not reported | Q4 2022 |
| NRIX | $148K | 0.14% | 0.02% | +60.0% | Q4 2024 |
 ERAS | $142K | 0.13% | 0.02% | Not reported | Q1 2025 |
| VTYX | $124K | 0.12% | 0.06% | Not reported | Q4 2024 |
| PYXS | $122K | 0.11% | 0.09% | +37.5% | Q2 2025 |
| IMNM | $117K | 0.11% | 0.01% | Not reported | Q1 2025 |
| DTIL | $110K | 0.10% | 0.17% | New | Q3 2025 |
 WVE | $110K | 0.10% | 0.01% | Not reported | Q4 2024 |
 GERN | $110K | 0.10% | 0.01% | +14.3% | Q1 2023 |
| LRMR | $107K | 0.10% | 0.04% | Not reported | Q4 2024 |
| CNTX | $96.9K | 0.09% | 0.11% | Not reported | Q2 2024 |
| PRQR | $95.9K | 0.09% | 0.04% | Not reported | Q4 2024 |
| REPL | $83.8K | 0.08% | 0.03% | -89.1% | Q4 2024 |
| IMMX | $73.2K | 0.07% | 0.11% | +40.0% | Q2 2025 |
 ACRS | $62.1K | 0.06% | 0.03% | Not reported | Q4 2023 |
| PMVP | $49K | 0.05% | 0.07% | Not reported | Q4 2024 |