Vivo Capital, LLC

CIK 0001674712 · Q2 2026

13F Equity AUM

$1.1B

-9.0% QoQ

Positions

+1 QoQ

AUM Rank

#3,226

Top 26%

Skill Alpha (FF)

+18.0%/yr^ns

No Clear Edge

Rank #174 · Top 2%

vs S&P +6.6%/yr (unadj.)

Quarters Tracked

~10 years

Portfolio Concentration

Top 5: 34.3%Top 10: 52.4%Top 20: 79.4%

TRVI8.7%

PRAX8.3%

ERAS6.9%

AVBP5.3%

ABVX5.0%

TNGX3.9%

CRVS3.8%

DRUG3.6%

SVA3.5%

TENX3.3%

Others (37)47.6%

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

Sector Allocation

Healthcare98.4%

Other1.6%

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

Position Sizing

Positions: 47Median: 1.64%Avg: 2.13%

0–0.5%

10(2.1%)

0.5–1%

9(6.7%)

1–3%

15(29.3%)

3–5%

8(27.7%)

5%+

5(34.3%)

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

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Portfolio Overlap

Shared: 0Unique: 47vs 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

New7Increased6Decreased8Exited6

New Positions

SP4P1.6%

+2.8M

EDIT1.1%

+3.6M

Odyssey Therapeutics…1.0%

+575K

AURA0.8%

+1.2M

AVTX0.5%

+275K

VALN0.4%

+763K

INM0.1%

+798K

Increased

TENX3.3%

+2.3M(+1100%)

AVBP5.3%

+796K(+90%)

MLTX2.5%

+400K(+40%)

ABVX5.0%

+175K(+73%)

ANRO2.9%

+173K(+17%)

ACRS3.2%

+28K(+0%)

Decreased

ERAS6.9%

-8,024,068(-66%)

SABS2.6%

-4,120,091(-36%)

CMPX1.6%

-1,788,406(-19%)

KTTA0.0%

-1,634,529(-78%)

UNCY0.2%

-1,239,916(-69%)

DBVT2.8%

-822,811(-31%)

TNGX3.9%

-775,011(-36%)

PRAX8.3%

-67,779(-20%)

Exited

TERN

-1,334,418

Veradermics Inc

-300,000

-422,300

-294,909

-166,288

-200,000

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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