VELAN CAPITAL INVESTMENT MANAGEMENT LP

Filed: 8/14/2025ACC: 0001848809-25-000005

📋 What this filing means

VELAN CAPITAL INVESTMENT MANAGEMENT LP filed this quarterly 13F‑HR report disclosing 50 equity positions with a total reported market value of $101.24M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$101.24M

Total AUM (reported)

24.31M

Total Shares

Allocation by class

COM$47.73M47.2%

COMNEW$36.51M36.1%

SPONSOREDADS$8.99M8.9%

COMSTK$6.48M6.4%

CALL$1.29M1.3%

SHS$97.5K0.1%

SHSEURO$91.8K0.1%

Portfolio Concentration

Top 3$31.41M31.0%

4–10$38.77M38.3%

11–25$28.06M27.7%

Rest$3.00M3.0%

Top 3 weight

31.0%

Top 10 weight

69.3%

Voting Authority Distribution

Total shares with voting rights: 24.31M

Sole

Full voting authority

23.49M

% of voting shares96.6%

Shared

Joint voting authority

814.41K

% of voting shares3.4%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole48

Shared0

Other2

Dominant voting typeSole · 96.6% of voting shares

Institutional Holdings50

Rows:

HERONTHERAPEUTICSINC

SOLE

COM

Shares6.99M

TypeSH

Market value$14.46M

14.29%

Sole

6.99M

Shared

0.00

None

0.00

VERONAPHARMAPLC

SOLE

SPONSOREDADS

Shares95K

TypeSH

Market value$8.99M

8.88%

Sole

95K

Shared

0.00

None

0.00

JASPERTHERAPEUTICSINC

SOLE

COMNEW

Shares1.43M

TypeSH

Market value$7.96M

7.86%

Sole

1.19M

Shared

245.33K

None

0.00

PROTARATHERAPEUTICSINC

SOLE

COMSTK

Shares2.14M

TypeSH

Market value$6.48M

6.40%

Sole

2.14M

Shared

0.00

None

0.00

ZEVRATHERAPEUTICSINC

SOLE

COMNEW

Shares715K

TypeSH

Market value$6.30M

6.22%

Sole

715K

Shared

0.00

None

0.00

TOURMALINEBIOINC

OTR

COM

Shares393.89K

TypeSH

Market value$6.30M

6.22%

Sole

74.81K

Shared

319.08K

None

0.00

PRAXISPRECISIONMEDICINESI

SOLE

COMNEW

Shares149.33K

TypeSH

Market value$6.28M

6.20%

Sole

149.33K

Shared

0.00

None

0.00

CIDARATHERAPEUTICSINC

SOLE

COMNEW

Shares100K

TypeSH

Market value$4.87M

4.81%

Sole

100K

Shared

0.00

None

0.00

ALUMISINC

SOLE

COM

Shares1.62M

TypeSH

Market value$4.86M

4.80%

Sole

1.62M

Shared

0.00

None

0.00

ARVINASINC

SOLE

COM

Shares500K

TypeSH

Market value$3.68M

3.64%

Sole

500K

Shared

0.00

None

0.00

SCPHARMACEUTICALSINC

SOLE

COM

Shares917.67K

TypeSH

Market value$3.50M

3.45%

Sole

917.67K

Shared

0.00

None

0.00

REZOLUTEINC

SOLE

COMNEW

Shares750K

TypeSH

Market value$3.35M

3.30%

Sole

750K

Shared

0.00

None

0.00

LIQUIDIACORPORATION

SOLE

COMNEW

Shares239.26K

TypeSH

Market value$2.98M

2.94%

Sole

239.26K

Shared

0.00

None

0.00

MINERALYSTHERAPEUTICSINC

SOLE

COM

Shares174.60K

TypeSH

Market value$2.36M

2.33%

Sole

174.60K

Shared

0.00

None

0.00

SUTROBIOPHARMAINC

SOLE

COM

Shares3.06M

TypeSH

Market value$2.18M

2.16%

Sole

3.06M

Shared

0.00

None

0.00

INSPIREMDINC

SOLE

COM

Shares904.03K

TypeSH

Market value$2.05M

2.03%

Sole

904.03K

Shared

0.00

None

0.00

PERSPECTIVETHERAPEUTICSINC

SOLE

COMNEW

Shares500K

TypeSH

Market value$1.72M

1.70%

Sole

500K

Shared

0.00

None

0.00

REPLIMUNEGROUPINC

SOLE

COM

Shares183.08K

TypeSH

Market value$1.70M

1.68%

Sole

183.08K

Shared

0.00

None

0.00

TELABIOINC

SOLE

COM

Shares747.41K

TypeSH

Market value$1.45M

1.43%

Sole

747.41K

Shared

0.00

None

0.00

EDESABIOTECHINC

OTR

COMNEW

Shares687.50K

TypeSH

Market value$1.40M

1.38%

Sole

437.50K

Shared

250K

None

0.00

NEKTARTHERAPEUTICS

SOLE

CALL

Shares50K

TypeSH

Market value$1.29M

1.28%

Sole

50K

Shared

0.00

None

0.00

VIRIDIANTHERAPEUTICSINC

SOLE

COM

Shares86.50K

TypeSH

Market value$1.21M

1.19%

Sole

86.50K

Shared

0.00

None

0.00

UPSTREAMBIOINC

SOLE

COM

Shares107K

TypeSH

Market value$1.17M

1.16%

Sole

107K

Shared

0.00

None

0.00

ELEDONPHARMACEUTICALSINC

SOLE

COM

Shares338.97K

TypeSH

Market value$918.6K

0.91%

Sole

338.97K

Shared

0.00

None

0.00

AVALOTHERAPEUTICSINC

SOLE

COMNEW

Shares154.97K

TypeSH

Market value$773.3K

0.76%

Sole

154.97K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared
HERONTHERAPEUTICSINCSOLE	COM	6.99M	SH	$14.46M 14.29%	6.99M	0.00
VERONAPHARMAPLCSOLE	SPONSOREDADS	95K	SH	$8.99M 8.88%	95K	0.00
JASPERTHERAPEUTICSINCSOLE	COMNEW	1.43M	SH	$7.96M 7.86%	1.19M	245.33K
PROTARATHERAPEUTICSINCSOLE	COMSTK	2.14M	SH	$6.48M 6.40%	2.14M	0.00
ZEVRATHERAPEUTICSINCSOLE	COMNEW	715K	SH	$6.30M 6.22%	715K	0.00
TOURMALINEBIOINCOTR	COM	393.89K	SH	$6.30M 6.22%	74.81K	319.08K
PRAXISPRECISIONMEDICINESISOLE	COMNEW	149.33K	SH	$6.28M 6.20%	149.33K	0.00
CIDARATHERAPEUTICSINCSOLE	COMNEW	100K	SH	$4.87M 4.81%	100K	0.00
ALUMISINCSOLE	COM	1.62M	SH	$4.86M 4.80%	1.62M	0.00
ARVINASINCSOLE	COM	500K	SH	$3.68M 3.64%	500K	0.00
SCPHARMACEUTICALSINCSOLE	COM	917.67K	SH	$3.50M 3.45%	917.67K	0.00
REZOLUTEINCSOLE	COMNEW	750K	SH	$3.35M 3.30%	750K	0.00
LIQUIDIACORPORATIONSOLE	COMNEW	239.26K	SH	$2.98M 2.94%	239.26K	0.00
MINERALYSTHERAPEUTICSINCSOLE	COM	174.60K	SH	$2.36M 2.33%	174.60K	0.00
SUTROBIOPHARMAINCSOLE	COM	3.06M	SH	$2.18M 2.16%	3.06M	0.00
INSPIREMDINCSOLE	COM	904.03K	SH	$2.05M 2.03%	904.03K	0.00
PERSPECTIVETHERAPEUTICSINCSOLE	COMNEW	500K	SH	$1.72M 1.70%	500K	0.00
REPLIMUNEGROUPINCSOLE	COM	183.08K	SH	$1.70M 1.68%	183.08K	0.00
TELABIOINCSOLE	COM	747.41K	SH	$1.45M 1.43%	747.41K	0.00
EDESABIOTECHINCOTR	COMNEW	687.50K	SH	$1.40M 1.38%	437.50K	250K
NEKTARTHERAPEUTICSSOLE	CALL	50K	SH	$1.29M 1.28%	50K	0.00
VIRIDIANTHERAPEUTICSINCSOLE	COM	86.50K	SH	$1.21M 1.19%	86.50K	0.00
UPSTREAMBIOINCSOLE	COM	107K	SH	$1.17M 1.16%	107K	0.00
ELEDONPHARMACEUTICALSINCSOLE	COM	338.97K	SH	$918.6K 0.91%	338.97K	0.00
AVALOTHERAPEUTICSINCSOLE	COMNEW	154.97K	SH	$773.3K 0.76%	154.97K	0.00

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