Decheng Capital LLC Diversified Active

CIK: 0002010850 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $573,196 (100.0% shares, 0.0% debt)

Holdings (23)

CGON CG ONCOLOGY INC 44.8%

Value ($000) $256,651 Shares 6,371,669 Est. Cost $39.91 Unrealized -27.2%

NUVB Nuvation Bio Inc. 16.8%

Value ($000) $96,031 Shares 25,954,439 Est. Cost $3.05 Unrealized -10.7%

UPB Upstream Bio Inc. 10.8%

Value ($000) $61,796 Shares 3,285,293 Est. Cost $22.33 Unrealized -30.4%

AARD AARDVARK THERAPEUTICS INC 9.1%

Value ($000) $52,061 Shares 3,917,299 Est. Cost $11.23 Unrealized +0.4%

NAMS NEWAMSTERDAM PHARMA CO NV 3.3%

Value ($000) $18,687 Shares 657,051 Est. Cost $19.66 Unrealized +21.9%

— MERUS NV 3.1%

Value ($000) $17,563 Shares 186,546 Est. Cost $51.07 Unrealized —

RVMD REVOLUTION MEDICINES INC(NSM) 1.7%

Value ($000) $9,807 Shares 210,000 Est. Cost $50.40 Unrealized -22.3%

— Lyell Immunopharma, Inc. 1.7%

Value ($000) $9,670 Shares 595,466 Est. Cost $0.64 Unrealized —

BYSI BeyondSpring Inc. 1.4%

Value ($000) $7,758 Shares 4,286,104 Est. Cost $0.92 Unrealized +113.3%

ACRS Aclaris Therapeutics, Inc. 1.3%

Value ($000) $7,679 Shares 4,041,736 Est. Cost $2.33 Unrealized -25.2%

RCUS Arcus Biosciences, Inc 1.3%

Value ($000) $7,447 Shares 547,609 Est. Cost $12.03 Unrealized -13.6%

EQ Equillium Inc. 1.1%

Value ($000) $6,360 Shares 4,447,308 Est. Cost $0.59 Unrealized +77.9%

CRNX CRINETICS PHARMACEUTICALS IN 1.0%

Value ($000) $5,956 Shares 143,000 Est. Cost $39.97 Unrealized -20.0%

KRYS KRYSTAL BIOTECH INC 1.0%

Value ($000) $5,702 Shares 32,300 Est. Cost $122.01 Unrealized +22.7%

AURA Aura Biosciences, Inc. 0.6%

Value ($000) $3,186 Shares 515,555 Est. Cost $8.47 Unrealized -22.8%

ZNTL Zentalis Pharmaceuticals Inc. 0.3%

Value ($000) $1,998 Shares 1,323,327 Est. Cost $13.39 Unrealized -88.8%

MLTX MOONLAKE IMMUNOTHERAPEUTICS 0.2%

Value ($000) $1,302 Shares 181,600 Est. Cost $50.17 Unrealized —

FDMT 4D MOLECULAR THERAPEUTICS IN 0.1%

Value ($000) $806 Shares 92,748 Est. Cost $24.39 Unrealized -75.5%

ILMN Illumnia, Inc. 0.1%

Value ($000) $758 Shares 7,979 Est. Cost $122.34 Unrealized -18.9%

PYXS Pyxis Oncology, Inc (formerly Apexigen) 0.1%

Value ($000) $726 Shares 326,810 Est. Cost $1.71 Unrealized -15.9%

GRAL GRAIL INC 0.1%

Value ($000) $573 Shares 9,684 Est. Cost $16.22 Unrealized +135.6%

RZLT REZOLUTE INC 0.1%

Value ($000) $563 Shares 59,900 Est. Cost $3.71 Unrealized +79.3%

— Nuvation Bio Inc. 0.0%

Value ($000) $115 Shares 646,057 Est. Cost $0.16 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CGON	CG ONCOLOGY INC	6,371,669	$256,651	44.8%	$39.91	-27.2%	COM	156944100
NUVB	Nuvation Bio Inc.	25,954,439	$96,031	16.8%	$3.05	-10.7%	COM	67080N101
UPB	Upstream Bio Inc.	3,285,293	$61,796	10.8%	$22.33	-30.4%	COM	91678A107
AARD	AARDVARK THERAPEUTICS INC	3,917,299	$52,061	9.1%	$11.23	+0.4%	COM	002942100
NAMS	NEWAMSTERDAM PHARMA CO NV	657,051	$18,687	3.3%	$19.66	+21.9%	COM	N62509109
—	MERUS NV	186,546	$17,563	3.1%	$51.07	—	COM	N5749R100
RVMD	REVOLUTION MEDICINES INC(NSM)	210,000	$9,807	1.7%	$50.40	-22.3%	COM	76155X100
—	Lyell Immunopharma, Inc.	595,466	$9,670	1.7%	$0.64	—	COM	55083R104
BYSI	BeyondSpring Inc.	4,286,104	$7,758	1.4%	$0.92	+113.3%	SHS	G10830100
ACRS	Aclaris Therapeutics, Inc.	4,041,736	$7,679	1.3%	$2.33	-25.2%	COM	00461U105
RCUS	Arcus Biosciences, Inc	547,609	$7,447	1.3%	$12.03	-13.6%	COM	03969F109
EQ	Equillium Inc.	4,447,308	$6,360	1.1%	$0.59	+77.9%	COM	29446K106
CRNX	CRINETICS PHARMACEUTICALS IN	143,000	$5,956	1.0%	$39.97	-20.0%	COM	22663K107
KRYS	KRYSTAL BIOTECH INC	32,300	$5,702	1.0%	$122.01	+22.7%	COM	501147102
AURA	Aura Biosciences, Inc.	515,555	$3,186	0.6%	$8.47	-22.8%	COM	05153U107
ZNTL	Zentalis Pharmaceuticals Inc.	1,323,327	$1,998	0.3%	$13.39	-88.8%	COM	98943L107
MLTX	MOONLAKE IMMUNOTHERAPEUTICS	181,600	$1,302	0.2%	$50.17	—	COM	G4444C102
FDMT	4D MOLECULAR THERAPEUTICS IN	92,748	$806	0.1%	$24.39	-75.5%	COM	35104E100
ILMN	Illumnia, Inc.	7,979	$758	0.1%	$122.34	-18.9%	COM	452327109
PYXS	Pyxis Oncology, Inc (formerly Apexigen)	326,810	$726	0.1%	$1.71	-15.9%	COM	747324101
GRAL	GRAIL INC	9,684	$573	0.1%	$16.22	+135.6%	COM	384747101
RZLT	REZOLUTE INC	59,900	$563	0.1%	$3.71	+79.3%	COM	76200L309
—	Nuvation Bio Inc.	646,057	$115	0.0%	$0.16	—	WARRANTS	67080N119