Filed: 11/14/2025ACC: 0001848809-25-000008
📋 What this filing means
VELAN CAPITAL INVESTMENT MANAGEMENT LP filed this quarterly 13F‑HR report disclosing 49 equity positions with a total reported market value of $106.47M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
49
Positions
$106.47M
Total AUM (reported)
27.17M
Total Shares
Allocation by class
COM$45.92M43.1%
COM NEW$39.30M36.9%
COM STK$9.30M8.7%
SPONSORED ADS$5.47M5.1%
SHARE$4.28M4.0%
SHS$1.98M1.9%
COMMON STOCK$122.1K0.1%
Portfolio Concentration
Top 3$30.71M28.8%
4–10$41.87M39.3%
11–25$30.48M28.6%
Rest$3.41M3.2%
Top 3 weight
28.8%
Top 10 weight
68.2%
Voting Authority Distribution
Total shares with voting rights: 27.17M
Sole
Full voting authority
26.68M
shares
% of voting shares98.2%
Shared
Joint voting authority
495.33K
shares
% of voting shares1.8%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole49
Shared0
Other0
Dominant voting typeSole · 98.2% of voting shares
Institutional Holdings49
Rows:
HERON THERAPEUTICS INC
SOLEShares8.75M
TypeSH
Market value$11.03M
10.36%
Sole
8.75M
Shared
0.00
None
0.00
CIDARA THERAPEUTICS INC
SOLEShares108.40K
TypeSH
Market value$10.38M
9.75%
Sole
108.40K
Shared
0.00
None
0.00
PROTARA THERAPEUTICS INC
SOLEShares2.14M
TypeSH
Market value$9.30M
8.74%
Sole
2.14M
Shared
0.00
None
0.00
REZOLUTE INC
SOLEShares750K
TypeSH
Market value$7.05M
6.62%
Sole
750K
Shared
0.00
None
0.00
PRAXIS PRECISION MEDICINES I
SOLEShares132.81K
TypeSH
Market value$7.04M
6.61%
Sole
132.81K
Shared
0.00
None
0.00
MINERALYS THERAPEUTICS INC
SOLEShares175.60K
TypeSH
Market value$6.66M
6.25%
Sole
175.60K
Shared
0.00
None
0.00
JASPER THERAPEUTICS INC
SOLEShares2.67M
TypeSH
Market value$6.21M
5.83%
Sole
2.42M
Shared
245.33K
None
0.00
ABIVAX SA
SOLEShares64.39K
TypeSH
Market value$5.47M
5.13%
Sole
64.39K
Shared
0.00
None
0.00
INSPIREMD INC
SOLEShares2.14M
TypeSH
Market value$5.17M
4.85%
Sole
2.14M
Shared
0.00
None
0.00
ZOOZ PWR LTD
SOLEShares2M
TypeSH
Market value$4.28M
4.02%
Sole
2M
Shared
0.00
None
0.00
ALUMIS INC
SOLEShares946.68K
TypeSH
Market value$3.78M
3.55%
Sole
946.68K
Shared
0.00
None
0.00
LANTHEUS HLDGS INC
SOLEShares73.55K
TypeSH
Market value$3.77M
3.54%
Sole
73.55K
Shared
0.00
None
0.00
AVALO THERAPEUTICS INC
SOLEShares263.64K
TypeSH
Market value$3.35M
3.15%
Sole
263.64K
Shared
0.00
None
0.00
SUTRO BIOPHARMA INC
SOLEShares3.12M
TypeSH
Market value$2.71M
2.54%
Sole
3.12M
Shared
0.00
None
0.00
EUPRAXIA PHARMACEUTICALS INC
SOLEShares352K
TypeSH
Market value$2.08M
1.95%
Sole
352K
Shared
0.00
None
0.00
RAPT THERAPEUTICS INC
SOLEShares79.98K
TypeSH
Market value$2.06M
1.94%
Sole
79.98K
Shared
0.00
None
0.00
SYNDAX PHARMACEUTICALS INC
SOLEShares130K
TypeSH
Market value$2.00M
1.88%
Sole
130K
Shared
0.00
None
0.00
TREVI THERAPEUTICS INC
SOLEShares205K
TypeSH
Market value$1.88M
1.76%
Sole
205K
Shared
0.00
None
0.00
UNIQURE NV
SOLEShares32K
TypeSH
Market value$1.87M
1.75%
Sole
32K
Shared
0.00
None
0.00
VIRIDIAN THERAPEUTICS INC
SOLEShares86.50K
TypeSH
Market value$1.87M
1.75%
Sole
86.50K
Shared
0.00
None
0.00
EDESA BIOTECH INC
SOLEShares687.50K
TypeSH
Market value$1.70M
1.60%
Sole
437.50K
Shared
250K
None
0.00
TELA BIO INC
SOLEShares747.41K
TypeSH
Market value$1.11M
1.05%
Sole
747.41K
Shared
0.00
None
0.00
ELEDON PHARMACEUTICALS INC
SOLEShares346.97K
TypeSH
Market value$898.7K
0.84%
Sole
346.97K
Shared
0.00
None
0.00
CORBUS PHARMACEUTICALS HLDGS
SOLEShares61K
TypeSH
Market value$771.6K
0.72%
Sole
61K
Shared
0.00
None
0.00
TENAX THERAPEUTICS INC
SOLEShares83.33K
TypeSH
Market value$634.2K
0.60%
Sole
83.33K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
HERON THERAPEUTICS INCSOLE | COM | 8.75M | SH | $11.03M 10.36% | 8.75M | 0.00 | 0.00 |
CIDARA THERAPEUTICS INCSOLE | COM NEW | 108.40K | SH | $10.38M 9.75% | 108.40K | 0.00 | 0.00 |
PROTARA THERAPEUTICS INCSOLE | COM STK | 2.14M | SH | $9.30M 8.74% | 2.14M | 0.00 | 0.00 |
REZOLUTE INCSOLE | COM NEW | 750K | SH | $7.05M 6.62% | 750K | 0.00 | 0.00 |
PRAXIS PRECISION MEDICINES ISOLE | COM NEW | 132.81K | SH | $7.04M 6.61% | 132.81K | 0.00 | 0.00 |
MINERALYS THERAPEUTICS INCSOLE | COM | 175.60K | SH | $6.66M 6.25% | 175.60K | 0.00 | 0.00 |
JASPER THERAPEUTICS INCSOLE | COM NEW | 2.67M | SH | $6.21M 5.83% | 2.42M | 245.33K | 0.00 |
ABIVAX SASOLE | SPONSORED ADS | 64.39K | SH | $5.47M 5.13% | 64.39K | 0.00 | 0.00 |
INSPIREMD INCSOLE | COM | 2.14M | SH | $5.17M 4.85% | 2.14M | 0.00 | 0.00 |
ZOOZ PWR LTDSOLE | SHARE | 2M | SH | $4.28M 4.02% | 2M | 0.00 | 0.00 |
ALUMIS INCSOLE | COM | 946.68K | SH | $3.78M 3.55% | 946.68K | 0.00 | 0.00 |
LANTHEUS HLDGS INCSOLE | COM | 73.55K | SH | $3.77M 3.54% | 73.55K | 0.00 | 0.00 |
AVALO THERAPEUTICS INCSOLE | COM NEW | 263.64K | SH | $3.35M 3.15% | 263.64K | 0.00 | 0.00 |
SUTRO BIOPHARMA INCSOLE | COM | 3.12M | SH | $2.71M 2.54% | 3.12M | 0.00 | 0.00 |
EUPRAXIA PHARMACEUTICALS INCSOLE | COM | 352K | SH | $2.08M 1.95% | 352K | 0.00 | 0.00 |
RAPT THERAPEUTICS INCSOLE | COM NEW | 79.98K | SH | $2.06M 1.94% | 79.98K | 0.00 | 0.00 |
SYNDAX PHARMACEUTICALS INCSOLE | COM | 130K | SH | $2.00M 1.88% | 130K | 0.00 | 0.00 |
TREVI THERAPEUTICS INCSOLE | COM | 205K | SH | $1.88M 1.76% | 205K | 0.00 | 0.00 |
UNIQURE NVSOLE | SHS | 32K | SH | $1.87M 1.75% | 32K | 0.00 | 0.00 |
VIRIDIAN THERAPEUTICS INCSOLE | COM | 86.50K | SH | $1.87M 1.75% | 86.50K | 0.00 | 0.00 |
EDESA BIOTECH INCSOLE | COM NEW | 687.50K | SH | $1.70M 1.60% | 437.50K | 250K | 0.00 |
TELA BIO INCSOLE | COM | 747.41K | SH | $1.11M 1.05% | 747.41K | 0.00 | 0.00 |
ELEDON PHARMACEUTICALS INCSOLE | COM | 346.97K | SH | $898.7K 0.84% | 346.97K | 0.00 | 0.00 |
CORBUS PHARMACEUTICALS HLDGSSOLE | COM NEW | 61K | SH | $771.6K 0.72% | 61K | 0.00 | 0.00 |
TENAX THERAPEUTICS INCSOLE | COM NEW | 83.33K | SH | $634.2K 0.60% | 83.33K | 0.00 | 0.00 |
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