Decheng Capital LLC

CIK 0002010850 · Q2 2026

13F Equity AUM

$731.7M

+10.7% QoQ

Positions

0 QoQ

AUM Rank

#4,023

Top 32%

Skill Alpha (FF)

-37.3%/yr^ns

No Clear Edge

Rank #8,301 · Top 100%

vs S&P -12.4%/yr (unadj.)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 90.6%Top 10: 98.1%Top 20: 100.0%

CGON61.9%

NUVB20.1%

AARD3.1%

ACRS2.9%

UPB2.6%

RCUS2.0%

EQ1.9%

RVMD1.4%

LYEL1.3%

BYSI0.9%

Others (4)1.9%

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

Sector Allocation

Healthcare99.2%

Other0.8%

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

Position Sizing

Positions: 14Median: 1.65%Avg: 7.14%

0–0.5%

2(0.2%)

0.5–1%

3(2.6%)

1–3%

6(12.1%)

3–5%

1(3.1%)

5%+

2(82.0%)

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

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Portfolio Overlap

Shared: 0Unique: 14vs 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

New1Increased0Decreased3Exited1

New Positions

TNGX0.1%

+20K

Decreased

NEWAMSTERDAM PHARMA …0.8%

-148,170(-46%)

RVMD1.4%

-40,833(-44%)

RCUS2.0%

-13,040(-3%)

Exited

KRYS

-7,300

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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