Velan Capital Investment Management LP
Annual return '25
+41.2%
SPY '25
+17.7%
Alpha
+23.5ptsvs SPY
Invested
$159.6M
Holdings
49
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 89%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$PRAX
PRAXIS PRECISION MEDICINES I
Q4 2024: New position (300.0k shares)
20.3%
02
$TARA
PROTARA THERAPEUTICS INC
Q4 2024: New position (1.58M shares)
9.3%
03
$STRO
SUTRO BIOPHARMA INC
Held since at least Q1 2024
8.0%
04
$EVMN
EVOMMUNE INC
Held since at least Q1 2024
6.4%
05
$MPLT
MAPLIGHT THERAPEUTICS INC
Held since at least Q1 2024
6.3%
06
$TENX
TENAX THERAPEUTICS INC
Q4 2024: New position (83.3k shares)
5.8%
07
$ABVX
ABIVAX SA
Held since at least Q1 2024
5.4%
08
$HRTX
HERON THERAPEUTICS INC
Q4 2024: New position (6.99M shares)
4.4%
09
$IMMX
IMMIX BIOPHARMA INC
Held since at least Q1 2024
4.2%
10
$ESPR
ESPERION THERAPEUTICS INC NE
Held since at least Q1 2024
3.0%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 11:15 UTC.