VR Adviser, LLC Diversified Active

CIK: 0001615982 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value ($000): $1,175,247 (100.0% shares, 0.0% debt)

Holdings (37)

APGE APOGEE THERAPEUTICS INC 27.0%

Value ($000) $317,310 Shares 8,493,321 Est. Cost $22.03 Unrealized +75.5%

— METSERA INC 8.7%

Value ($000) $102,093 Shares 3,750,662 Est. Cost $27.22 Unrealized —

OCUL OCULAR THERAPEUTIX INC 8.0%

Value ($000) $93,549 Shares 12,762,462 Est. Cost $4.57 Unrealized +68.0%

ELVN ENLIVEN THERAPEUTICS INC 6.7%

Value ($000) $79,238 Shares 4,026,331 Est. Cost $18.38 Unrealized +17.1%

KALV KALVISTA PHARMACEUTICALS INC 6.6%

Value ($000) $77,364 Shares 6,703,985 Est. Cost $8.91 Unrealized +14.6%

VRDN VIRIDIAN THERAPEUTICS INC 4.5%

Value ($000) $52,339 Shares 3,882,709 Est. Cost $19.32 Unrealized -11.8%

PHVS PHARVARIS N V 4.2%

Value ($000) $48,870 Shares 3,112,720 Est. Cost $15.96 Unrealized +5.6%

SYRE SPYRE THERAPEUTICS INC 3.7%

Value ($000) $43,330 Shares 2,685,448 Est. Cost $17.59 Unrealized +18.3%

ORKA ORUKA THERAPEUTICS INC 3.6%

Value ($000) $42,563 Shares 4,148,428 Est. Cost $29.65 Unrealized -57.9%

PRAX PRAXIS PRECISION MEDICINES I 3.2%

Value ($000) $37,491 Shares 989,985 Est. Cost $43.15 Unrealized +44.7%

COGT COGENT BIOSCIENCES INC 2.9%

Value ($000) $34,050 Shares 5,684,411 Est. Cost $8.47 Unrealized -7.4%

DNTH DIANTHUS THERAPEUTICS INC 2.7%

Value ($000) $31,643 Shares 1,744,373 Est. Cost $17.70 Unrealized +24.5%

DYN DYNE THERAPEUTICS INC 1.9%

Value ($000) $22,739 Shares 2,173,913 Est. Cost $11.80 Unrealized +21.3%

— CIDARA THERAPEUTICS INC 1.9%

Value ($000) $22,650 Shares 1,051,518 Est. Cost $25.43 Unrealized —

ENGN ENGENE HOLDINGS INC 1.9%

Value ($000) $22,608 Shares 5,046,414 Est. Cost $10.25 Unrealized -39.4%

ERAS ERASCA INC 1.9%

Value ($000) $22,216 Shares 16,216,216 Est. Cost $2.16 Unrealized -20.5%

ORIC ORIC PHARMACEUTICALS INC 1.5%

Value ($000) $17,759 Shares 3,182,527 Est. Cost $8.55 Unrealized +2.2%

UPB UPSTREAM BIO INC 1.2%

Value ($000) $14,047 Shares 2,295,319 Est. Cost $22.33 Unrealized -57.2%

— ASTRIA THERAPEUTICS INC 1.1%

Value ($000) $13,122 Shares 2,457,348 Est. Cost $8.36 Unrealized —

CGEM CULLINAN THERAPEUTICS INC 0.9%

Value ($000) $10,446 Shares 1,379,965 Est. Cost $21.29 Unrealized -54.9%

SLDB SOLID BIOSCIENCES INC 0.8%

Value ($000) $9,181 Shares 2,481,400 Est. Cost $4.28 Unrealized 0.0%

SVRA SAVARA INC 0.8%

Value ($000) $9,024 Shares 3,257,639 Est. Cost $2.76 Unrealized 0.0%

ABVX ABIVAX SA 0.7%

Value ($000) $8,411 Shares 1,345,780 Est. Cost $11.63 Unrealized —

PCSC PERCEPTIVE CAP SOLUTIONS COR 0.7%

Value ($000) $7,725 Shares 750,000 Est. Cost $10.07 Unrealized +1.8%

SRZN SURROZEN INC 0.6%

Value ($000) $7,380 Shares 632,931 Est. Cost $11.62 Unrealized 0.0%

ZURA ZURA BIO LTD 0.6%

Value ($000) $6,480 Shares 5,023,166 Est. Cost $2.58 Unrealized -39.0%

ARTV ARTIVA BIOTHERAPEUTICS INC 0.4%

Value ($000) $4,829 Shares 1,609,569 Est. Cost $11.59 Unrealized -53.4%

TRVI TREVI THERAPEUTICS INC 0.3%

Value ($000) $3,872 Shares 615,506 Est. Cost $2.46 Unrealized +93.6%

— APPLIED THERAPEUTICS INC 0.2%

Value ($000) $2,722 Shares 5,567,709 Est. Cost $3.32 Unrealized —

FDMT 4D MOLECULAR THERAPEUTICS IN 0.2%

Value ($000) $2,189 Shares 677,600 Est. Cost $19.48 Unrealized -75.8%

CASIF CASI PHARMACEUTICALS INC 0.2%

Value ($000) $2,132 Shares 987,259 Est. Cost $6.09 Unrealized -59.8%

TENX TENAX THERAPEUTICS INC 0.1%

Value ($000) $1,365 Shares 208,333 Est. Cost $3.62 Unrealized +77.1%

— MERSANA THERAPEUTICS INC 0.1%

Value ($000) $1,230 Shares 3,574,325 Est. Cost $1.27 Unrealized —

IPSC CENTURY THERAPEUTICS INC 0.1%

Value ($000) $1,189 Shares 2,498,069 Est. Cost $3.84 Unrealized -80.4%

TNYA TENAYA THERAPEUTICS INC 0.1%

Value ($000) $887 Shares 1,555,556 Est. Cost $4.78 Unrealized -79.4%

— GLYCOMIMETICS INC 0.1%

Value ($000) $630 Shares 3,000,000 Est. Cost $0.25 Unrealized —

TIL INSTIL BIO INC 0.0%

Value ($000) $576 Shares 33,177 Est. Cost $23.54 Unrealized -11.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APGE	APOGEE THERAPEUTICS INC	8,493,321	$317,310	27.0%	$22.03	+75.5%	COM	03770N101
—	METSERA INC	3,750,662	$102,093	8.7%	$27.22	—	COM	59267L107
OCUL	OCULAR THERAPEUTIX INC	12,762,462	$93,549	8.0%	$4.57	+68.0%	COM	67576A100
ELVN	ENLIVEN THERAPEUTICS INC	4,026,331	$79,238	6.7%	$18.38	+17.1%	COM	29337E102
KALV	KALVISTA PHARMACEUTICALS INC	6,703,985	$77,364	6.6%	$8.91	+14.6%	COM	483497103
VRDN	VIRIDIAN THERAPEUTICS INC	3,882,709	$52,339	4.5%	$19.32	-11.8%	COM	92790C104
PHVS	PHARVARIS N V	3,112,720	$48,870	4.2%	$15.96	+5.6%	COM	N69605108
SYRE	SPYRE THERAPEUTICS INC	2,685,448	$43,330	3.7%	$17.59	+18.3%	COM NEW	00773J202
ORKA	ORUKA THERAPEUTICS INC	4,148,428	$42,563	3.6%	$29.65	-57.9%	COM	687604108
PRAX	PRAXIS PRECISION MEDICINES I	989,985	$37,491	3.2%	$43.15	+44.7%	COM NEW	74006W207
COGT	COGENT BIOSCIENCES INC	5,684,411	$34,050	2.9%	$8.47	-7.4%	COM	19240Q201
DNTH	DIANTHUS THERAPEUTICS INC	1,744,373	$31,643	2.7%	$17.70	+24.5%	COM	252828108
DYN	DYNE THERAPEUTICS INC	2,173,913	$22,739	1.9%	$11.80	+21.3%	COM	26818M108
—	CIDARA THERAPEUTICS INC	1,051,518	$22,650	1.9%	$25.43	—	COM NEW	171757206
ENGN	ENGENE HOLDINGS INC	5,046,414	$22,608	1.9%	$10.25	-39.4%	COM	29286M105
ERAS	ERASCA INC	16,216,216	$22,216	1.9%	$2.16	-20.5%	COM	29479A108
ORIC	ORIC PHARMACEUTICALS INC	3,182,527	$17,759	1.5%	$8.55	+2.2%	COM	68622P109
UPB	UPSTREAM BIO INC	2,295,319	$14,047	1.2%	$22.33	-57.2%	COM	91678A107
—	ASTRIA THERAPEUTICS INC	2,457,348	$13,122	1.1%	$8.36	—	COM	04635X102
CGEM	CULLINAN THERAPEUTICS INC	1,379,965	$10,446	0.9%	$21.29	-54.9%	COM	230031106
SLDB	SOLID BIOSCIENCES INC	2,481,400	$9,181	0.8%	$4.28	0.0%	COM NEW	83422E204
SVRA	SAVARA INC	3,257,639	$9,024	0.8%	$2.76	0.0%	COM	805111101
ABVX	ABIVAX SA	1,345,780	$8,411	0.7%	$11.63	—	SPONSORED ADS	00370M103
PCSC	PERCEPTIVE CAP SOLUTIONS COR	750,000	$7,725	0.7%	$10.07	+1.8%	CL A ORD SHS	G70077105
SRZN	SURROZEN INC	632,931	$7,380	0.6%	$11.62	0.0%	COM NEW	86889P208
ZURA	ZURA BIO LTD	5,023,166	$6,480	0.6%	$2.58	-39.0%	CLASS A ORD SHS	G9TY5A101
ARTV	ARTIVA BIOTHERAPEUTICS INC	1,609,569	$4,829	0.4%	$11.59	-53.4%	COM	04317A107
TRVI	TREVI THERAPEUTICS INC	615,506	$3,872	0.3%	$2.46	+93.6%	COM	89532M101
—	APPLIED THERAPEUTICS INC	5,567,709	$2,722	0.2%	$3.32	—	COM	03828A101
FDMT	4D MOLECULAR THERAPEUTICS IN	677,600	$2,189	0.2%	$19.48	-75.8%	COM	35104E100
CASIF	CASI PHARMACEUTICALS INC	987,259	$2,132	0.2%	$6.09	-59.8%	ORD SHS	G1933S101
TENX	TENAX THERAPEUTICS INC	208,333	$1,365	0.1%	$3.62	+77.1%	COM NEW	88032L605
—	MERSANA THERAPEUTICS INC	3,574,325	$1,230	0.1%	$1.27	—	COM	59045L106
IPSC	CENTURY THERAPEUTICS INC	2,498,069	$1,189	0.1%	$3.84	-80.4%	COM	15673T100
TNYA	TENAYA THERAPEUTICS INC	1,555,556	$887	0.1%	$4.78	-79.4%	COM	87990A106
—	GLYCOMIMETICS INC	3,000,000	$630	0.1%	$0.25	—	COM	38000Q102
TIL	INSTIL BIO INC	33,177	$576	0.0%	$23.54	-11.9%	COM NEW	45783C200