Velan Capital Investment Management LP

CIK 0001848809 · Q2 2026

13F Equity AUM

$164.2M

+2.9% QoQ

Positions

+1 QoQ

AUM Rank

#8,852

Top 71%

Skill Alpha (FF)

+34.3%/yr^ns

No Clear Edge

Rank #63 · Top 0.8%

vs S&P +10.6%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 52.6%Top 10: 75.4%Top 20: 94.3%

PRAX18.1%

MPLT10.8%

STRO10.4%

IMMX6.8%

TARA6.6%

TENX5.5%

ABVX5.3%

AVR4.2%

EDSA4.1%

EVMN3.6%

Others (40)24.6%

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

Sector Allocation

Healthcare99.1%

Other0.9%

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

Position Sizing

Positions: 50Median: 0.26%Avg: 2.00%

0–0.5%

27(3.6%)

0.5–1%

4(3.0%)

1–3%

8(14.3%)

3–5%

4(15.6%)

5%+

7(63.5%)

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

Loading summary cards...

Portfolio Overlap

Shared: 0Unique: 50vs 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.

Loading overlap analysis...

Position Changes This Quarter

New6Increased11Decreased10Exited5

New Positions

CCCC1.6%

+570K

ADMA1.3%

+250K

RNTX1.1%

+1.7M

TECX0.1%

+6K

ANTX0.1%

+40K

SCYNEXIS INC0.1%

+40K

Increased

IMMX6.8%

+345K(+47%)

NMRA0.2%

+150K(+188%)

AVTX3.6%

+139K(+75%)

TENX5.5%

+35K(+6%)

MGNX0.2%

+30K(+100%)

TARA6.6%

+10K(+0%)

KLRS0.1%

+7K(+39%)

KPTI0.1%

+5K(+33%)

XNCR2.5%

+5K(+2%)

EVMN3.6%

+5K(+1%)

Decreased

NSPR0.1%

-1,951,514(-93%)

CTMX0.3%

-420,000(-78%)

RCKT0.1%

-234,643(-80%)

PRN0.7%

-115,432(-40%)

VRDN0.1%

-81,123(-89%)

QNRX0.1%

-52,477(-62%)

CNTX0.0%

-40,300(-40%)

OVID0.2%

-30,000(-19%)

PRAX18.1%

-12,000(-12%)

ABVX5.3%

-11,370(-15%)

Exited

-1,720,000

-135,315

-6,500

-20,000

-73,000

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

Loading position changes...

Holdings

Loading holdings...