Filed: 2/13/2026ACC: 0001848809-26-000001
📋 What this filing means
VELAN CAPITAL INVESTMENT MANAGEMENT LP filed this quarterly 13F‑HR report disclosing 46 equity positions with a total reported market value of $172.38M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
46
Positions
$172.38M
Total AUM (reported)
24.20M
Total Shares
Allocation by class
COM NEW$73.18M42.5%
COM$56.17M32.6%
COM SHS$16.20M9.4%
COM STK$15.11M8.8%
SPONSORED ADS$11.10M6.4%
CALL$482.0K0.3%
SHS EURO$90.9K0.1%
Portfolio Concentration
Top 3$68.76M39.9%
4–10$53.60M31.1%
11–25$44.84M26.0%
Rest$5.18M3.0%
Top 3 weight
39.9%
Top 10 weight
71.0%
Voting Authority Distribution
Total shares with voting rights: 24.20M
Sole
Full voting authority
22.95M
shares
% of voting shares94.9%
Shared
Joint voting authority
1.24M
shares
% of voting shares5.1%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole45
Shared0
Other1
Dominant voting typeSole · 94.9% of voting shares
Institutional Holdings46
Rows:
PRAXIS PRECISION MEDICINES I
SOLEShares100.78K
TypeSH
Market value$29.70M
17.23%
Sole
100.78K
Shared
0.00
None
0.00
CIDARA THERAPEUTICS INC
SOLEShares108.40K
TypeSH
Market value$23.95M
13.89%
Sole
108.40K
Shared
0.00
None
0.00
PROTARA THERAPEUTICS INC
SOLEShares2.83M
TypeSH
Market value$15.11M
8.76%
Sole
2.83M
Shared
0.00
None
0.00
HERON THERAPEUTICS INC
SOLEShares8.75M
TypeSH
Market value$11.38M
6.60%
Sole
8.75M
Shared
0.00
None
0.00
MAPLIGHT THERAPEUTICS INC
SOLEShares522.30K
TypeSH
Market value$9.17M
5.32%
Sole
29.41K
Shared
492.89K
None
0.00
ABIVAX SA
SOLEShares67K
TypeSH
Market value$9.04M
5.24%
Sole
67K
Shared
0.00
None
0.00
EVOMMUNE INC
OTRShares506.75K
TypeSH
Market value$8.68M
5.03%
Sole
0.00
Shared
506.75K
None
0.00
MINERALYS THERAPEUTICS INC
SOLEShares151K
TypeSH
Market value$5.48M
3.18%
Sole
151K
Shared
0.00
None
0.00
LANTHEUS HLDGS INC
SOLEShares74.69K
TypeSH
Market value$4.97M
2.88%
Sole
74.69K
Shared
0.00
None
0.00
JASPER THERAPEUTICS INC
SOLEShares2.67M
TypeSH
Market value$4.88M
2.83%
Sole
2.42M
Shared
245.33K
None
0.00
AVALO THERAPEUTICS INC
SOLEShares263.64K
TypeSH
Market value$4.79M
2.78%
Sole
263.64K
Shared
0.00
None
0.00
ESPERION THERAPEUTICS INC NE
SOLEShares1.21M
TypeSH
Market value$4.48M
2.60%
Sole
1.21M
Shared
0.00
None
0.00
VERRICA PHARMACEUTICALS INC
SOLEShares471.56K
TypeSH
Market value$3.92M
2.27%
Sole
471.56K
Shared
0.00
None
0.00
INSPIREMD INC
SOLEShares2.14M
TypeSH
Market value$3.82M
2.21%
Sole
2.14M
Shared
0.00
None
0.00
RAPT THERAPEUTICS INC
SOLEShares108K
TypeSH
Market value$3.66M
2.12%
Sole
108K
Shared
0.00
None
0.00
SUTRO BIOPHARMA INC
SOLEShares312K
TypeSH
Market value$3.61M
2.09%
Sole
312K
Shared
0.00
None
0.00
TERNS PHARMACEUTICALS INC
SOLEShares70K
TypeSH
Market value$2.83M
1.64%
Sole
70K
Shared
0.00
None
0.00
SYNDAX PHARMACEUTICALS INC
SOLEShares130K
TypeSH
Market value$2.73M
1.58%
Sole
130K
Shared
0.00
None
0.00
VIRIDIAN THERAPEUTICS INC
SOLEShares86.50K
TypeSH
Market value$2.69M
1.56%
Sole
86.50K
Shared
0.00
None
0.00
EUPRAXIA PHARMACEUTICALS INC
SOLEShares352K
TypeSH
Market value$2.66M
1.54%
Sole
352K
Shared
0.00
None
0.00
TREVI THERAPEUTICS INC
SOLEShares205K
TypeSH
Market value$2.57M
1.49%
Sole
205K
Shared
0.00
None
0.00
PROFOUND MED CORP
SOLEShares285.71K
TypeSH
Market value$2.25M
1.30%
Sole
285.71K
Shared
0.00
None
0.00
KAZIA THERAPEUTICS LTD
SOLEShares300K
TypeSH
Market value$2.07M
1.20%
Sole
300K
Shared
0.00
None
0.00
REZOLUTE INC
SOLEShares750K
TypeSH
Market value$1.77M
1.03%
Sole
750K
Shared
0.00
None
0.00
TENAX THERAPEUTICS INC
SOLEShares83.33K
TypeSH
Market value$1.02M
0.59%
Sole
83.33K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PRAXIS PRECISION MEDICINES ISOLE | COM NEW | 100.78K | SH | $29.70M 17.23% | 100.78K | 0.00 | 0.00 |
CIDARA THERAPEUTICS INCSOLE | COM NEW | 108.40K | SH | $23.95M 13.89% | 108.40K | 0.00 | 0.00 |
PROTARA THERAPEUTICS INCSOLE | COM STK | 2.83M | SH | $15.11M 8.76% | 2.83M | 0.00 | 0.00 |
HERON THERAPEUTICS INCSOLE | COM | 8.75M | SH | $11.38M 6.60% | 8.75M | 0.00 | 0.00 |
MAPLIGHT THERAPEUTICS INCSOLE | COM | 522.30K | SH | $9.17M 5.32% | 29.41K | 492.89K | 0.00 |
ABIVAX SASOLE | SPONSORED ADS | 67K | SH | $9.04M 5.24% | 67K | 0.00 | 0.00 |
EVOMMUNE INCOTR | COM SHS | 506.75K | SH | $8.68M 5.03% | 0.00 | 506.75K | 0.00 |
MINERALYS THERAPEUTICS INCSOLE | COM | 151K | SH | $5.48M 3.18% | 151K | 0.00 | 0.00 |
LANTHEUS HLDGS INCSOLE | COM | 74.69K | SH | $4.97M 2.88% | 74.69K | 0.00 | 0.00 |
JASPER THERAPEUTICS INCSOLE | COM NEW | 2.67M | SH | $4.88M 2.83% | 2.42M | 245.33K | 0.00 |
AVALO THERAPEUTICS INCSOLE | COM NEW | 263.64K | SH | $4.79M 2.78% | 263.64K | 0.00 | 0.00 |
ESPERION THERAPEUTICS INC NESOLE | COM | 1.21M | SH | $4.48M 2.60% | 1.21M | 0.00 | 0.00 |
VERRICA PHARMACEUTICALS INCSOLE | COM SHS | 471.56K | SH | $3.92M 2.27% | 471.56K | 0.00 | 0.00 |
INSPIREMD INCSOLE | COM | 2.14M | SH | $3.82M 2.21% | 2.14M | 0.00 | 0.00 |
RAPT THERAPEUTICS INCSOLE | COM NEW | 108K | SH | $3.66M 2.12% | 108K | 0.00 | 0.00 |
SUTRO BIOPHARMA INCSOLE | COM SHS | 312K | SH | $3.61M 2.09% | 312K | 0.00 | 0.00 |
TERNS PHARMACEUTICALS INCSOLE | COM | 70K | SH | $2.83M 1.64% | 70K | 0.00 | 0.00 |
SYNDAX PHARMACEUTICALS INCSOLE | COM | 130K | SH | $2.73M 1.58% | 130K | 0.00 | 0.00 |
VIRIDIAN THERAPEUTICS INCSOLE | COM | 86.50K | SH | $2.69M 1.56% | 86.50K | 0.00 | 0.00 |
EUPRAXIA PHARMACEUTICALS INCSOLE | COM | 352K | SH | $2.66M 1.54% | 352K | 0.00 | 0.00 |
TREVI THERAPEUTICS INCSOLE | COM | 205K | SH | $2.57M 1.49% | 205K | 0.00 | 0.00 |
PROFOUND MED CORPSOLE | COM NEW | 285.71K | SH | $2.25M 1.30% | 285.71K | 0.00 | 0.00 |
KAZIA THERAPEUTICS LTDSOLE | SPONSORED ADS | 300K | SH | $2.07M 1.20% | 300K | 0.00 | 0.00 |
REZOLUTE INCSOLE | COM NEW | 750K | SH | $1.77M 1.03% | 750K | 0.00 | 0.00 |
TENAX THERAPEUTICS INCSOLE | COM NEW | 83.33K | SH | $1.02M 0.59% | 83.33K | 0.00 | 0.00 |
Page 1 of 2