Venrock Adviser, LLC

CIK 0001615982 · Q2 2026

13F Equity AUM

$3.3B

+23.1% QoQ

Positions

0 QoQ

AUM Rank

#1,125

Top 13%

Skill Alpha (FF)

+3.2%/yr^ns

No Clear Edge

Rank #1,010 · Top 12%

vs S&P -7.0%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 67.6%Top 10: 80.4%Top 20: 93.9%

APGE34.2%

ORKA12.0%

ERAS9.9%

SYRE8.0%

DNTH3.5%

OCUL3.1%

DMRA2.8%

YB4P2.8%

JBIO2.2%

COGT1.9%

Others (23)19.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare99.4%

Other0.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 33Median: 1.16%Avg: 3.03%

0–0.5%

6(1.7%)

0.5–1%

8(5.2%)

1–3%

13(22.4%)

3–5%

2(6.6%)

5%+

4(64.1%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 33vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New4Increased5Decreased5Exited4

New Positions

SP4P0.5%

+2.8M

—0.5%

+625K

—0.1%

+300K

INM0.0%

+33K

Increased

RLMD1.4%

+2.0M(+41%)

XFOR0.3%

+1.6M(+485%)

ERAS9.9%

+1.5M(+9%)

YB4P2.8%

+1.0M(+7%)

ARTV0.6%

+434K(+27%)

Decreased

CTMX0.6%

-5,000,000(-50%)

ELVN0.8%

-1,200,000(-70%)

SYRE8.0%

-700,000(-19%)

VRDN1.8%

-624,792(-16%)

COGT1.9%

-357,834(-18%)

Exited

-6,474,485

-4,771,414

-1,675,262

-506,056

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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