VR Adviser, LLC Diversified Active

CIK: 0001615982 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value ($000): $1,334,437 (100.0% shares, 0.0% debt)

Holdings (31)

APGE APOGEE THERAPEUTICS INC 27.6%

Value ($000) $368,865 Shares 8,493,321 Est. Cost $22.03 Unrealized +72.7%

OCUL OCULAR THERAPEUTIX INC 8.9%

Value ($000) $118,436 Shares 12,762,462 Est. Cost $4.57 Unrealized +71.1%

— METSERA INC 8.0%

Value ($000) $106,706 Shares 3,750,662 Est. Cost $27.22 Unrealized —

ELVN ENLIVEN THERAPEUTICS INC 6.1%

Value ($000) $80,768 Shares 4,026,331 Est. Cost $18.38 Unrealized +3.0%

KALV KALVISTA PHARMACEUTICALS INC 5.7%

Value ($000) $76,071 Shares 6,728,985 Est. Cost $8.91 Unrealized +37.2%

ORIC ORIC PHARMACEUTICALS INC 5.0%

Value ($000) $66,958 Shares 6,596,885 Est. Cost $7.60 Unrealized -11.7%

VRDN VIRIDIAN THERAPEUTICS INC 4.1%

Value ($000) $54,280 Shares 3,882,709 Est. Cost $19.32 Unrealized -29.7%

ORKA ORUKA THERAPEUTICS INC 3.5%

Value ($000) $46,504 Shares 4,148,428 Est. Cost $29.65 Unrealized -64.8%

SYRE SPYRE THERAPEUTICS INC 3.0%

Value ($000) $40,201 Shares 2,685,448 Est. Cost $17.59 Unrealized -15.9%

PHVS PHARVARIS N V 2.7%

Value ($000) $36,038 Shares 2,047,620 Est. Cost $15.96 Unrealized +0.9%

COGT COGENT BIOSCIENCES INC 2.6%

Value ($000) $34,144 Shares 4,755,411 Est. Cost $8.47 Unrealized -34.5%

JBIO JADE BIOSCIENCES INC 2.4%

Value ($000) $32,171 Shares 3,220,364 Est. Cost $33.31 Unrealized 0.0%

CTMX CYTOMX THERAPEUTICS INC 2.4%

Value ($000) $31,712 Shares 13,969,882 Est. Cost $1.61 Unrealized 0.0%

— CIDARA THERAPEUTICS INC 2.3%

Value ($000) $31,130 Shares 639,088 Est. Cost $25.43 Unrealized —

UPB UPSTREAM BIO INC 1.9%

Value ($000) $25,203 Shares 2,295,319 Est. Cost $22.33 Unrealized -58.6%

ERAS ERASCA INC 1.7%

Value ($000) $22,678 Shares 17,857,083 Est. Cost $2.08 Unrealized -35.7%

CBIO CRESCENT BIOPHARMA INC. 1.7%

Value ($000) $22,400 Shares 1,387,864 Est. Cost $21.15 Unrealized 0.0%

DYN DYNE THERAPEUTICS INC 1.6%

Value ($000) $20,696 Shares 2,173,913 Est. Cost $11.80 Unrealized -6.7%

SVRA SAVARA INC 1.5%

Value ($000) $20,256 Shares 8,884,263 Est. Cost $2.73 Unrealized -0.6%

DNTH DIANTHUS THERAPEUTICS INC 1.4%

Value ($000) $18,630 Shares 1,000,000 Est. Cost $17.70 Unrealized +6.0%

ENGN ENGENE HOLDINGS INC 1.4%

Value ($000) $18,369 Shares 5,046,414 Est. Cost $10.25 Unrealized -63.4%

— ASTRIA THERAPEUTICS INC 1.0%

Value ($000) $13,171 Shares 2,457,348 Est. Cost $8.36 Unrealized —

CGEM CULLINAN THERAPEUTICS INC 0.8%

Value ($000) $10,391 Shares 1,379,965 Est. Cost $21.29 Unrealized -62.3%

ABVX ABIVAX SA 0.8%

Value ($000) $10,295 Shares 1,345,780 Est. Cost $11.63 Unrealized —

PCSC PERCEPTIVE CAP SOLUTIONS COR 0.6%

Value ($000) $7,965 Shares 750,000 Est. Cost $10.07 Unrealized +3.8%

SEPN SEPTERNA INC 0.4%

Value ($000) $5,713 Shares 540,453 Est. Cost $8.24 Unrealized 0.0%

SRZN SURROZEN INC 0.4%

Value ($000) $5,658 Shares 632,931 Est. Cost $11.62 Unrealized -21.4%

ZURA ZURA BIO LTD 0.4%

Value ($000) $4,863 Shares 4,631,216 Est. Cost $2.58 Unrealized -53.7%

ARTV ARTIVA BIOTHERAPEUTICS INC 0.2%

Value ($000) $2,430 Shares 1,609,569 Est. Cost $11.59 Unrealized -81.9%

CASIF CASI PHARMACEUTICALS INC 0.1%

Value ($000) $1,165 Shares 987,259 Est. Cost $6.09 Unrealized -69.9%

TENX TENAX THERAPEUTICS INC 0.0%

Value ($000) $568 Shares 98,564 Est. Cost $3.62 Unrealized +59.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APGE	APOGEE THERAPEUTICS INC	8,493,321	$368,865	27.6%	$22.03	+72.7%	COM	03770N101
OCUL	OCULAR THERAPEUTIX INC	12,762,462	$118,436	8.9%	$4.57	+71.1%	COM	67576A100
—	METSERA INC	3,750,662	$106,706	8.0%	$27.22	—	COM	59267L107
ELVN	ENLIVEN THERAPEUTICS INC	4,026,331	$80,768	6.1%	$18.38	+3.0%	COM	29337E102
KALV	KALVISTA PHARMACEUTICALS INC	6,728,985	$76,071	5.7%	$8.91	+37.2%	COM	483497103
ORIC	ORIC PHARMACEUTICALS INC	6,596,885	$66,958	5.0%	$7.60	-11.7%	COM	68622P109
VRDN	VIRIDIAN THERAPEUTICS INC	3,882,709	$54,280	4.1%	$19.32	-29.7%	COM	92790C104
ORKA	ORUKA THERAPEUTICS INC	4,148,428	$46,504	3.5%	$29.65	-64.8%	COM	687604108
SYRE	SPYRE THERAPEUTICS INC	2,685,448	$40,201	3.0%	$17.59	-15.9%	COM NEW	00773J202
PHVS	PHARVARIS N V	2,047,620	$36,038	2.7%	$15.96	+0.9%	COM	N69605108
COGT	COGENT BIOSCIENCES INC	4,755,411	$34,144	2.6%	$8.47	-34.5%	COM	19240Q201
JBIO	JADE BIOSCIENCES INC	3,220,364	$32,171	2.4%	$33.31	0.0%	COM NEW	008064206
CTMX	CYTOMX THERAPEUTICS INC	13,969,882	$31,712	2.4%	$1.61	0.0%	COM	23284F105
—	CIDARA THERAPEUTICS INC	639,088	$31,130	2.3%	$25.43	—	COM NEW	171757206
UPB	UPSTREAM BIO INC	2,295,319	$25,203	1.9%	$22.33	-58.6%	COM	91678A107
ERAS	ERASCA INC	17,857,083	$22,678	1.7%	$2.08	-35.7%	COM	29479A108
CBIO	CRESCENT BIOPHARMA INC.	1,387,864	$22,400	1.7%	$21.15	0.0%	COM	G2545C104
DYN	DYNE THERAPEUTICS INC	2,173,913	$20,696	1.6%	$11.80	-6.7%	COM	26818M108
SVRA	SAVARA INC	8,884,263	$20,256	1.5%	$2.73	-0.6%	COM	805111101
DNTH	DIANTHUS THERAPEUTICS INC	1,000,000	$18,630	1.4%	$17.70	+6.0%	COM	252828108
ENGN	ENGENE HOLDINGS INC	5,046,414	$18,369	1.4%	$10.25	-63.4%	COM	29286M105
—	ASTRIA THERAPEUTICS INC	2,457,348	$13,171	1.0%	$8.36	—	COM	04635X102
CGEM	CULLINAN THERAPEUTICS INC	1,379,965	$10,391	0.8%	$21.29	-62.3%	COM	230031106
ABVX	ABIVAX SA	1,345,780	$10,295	0.8%	$11.63	—	SPONSORED ADS	00370M103
PCSC	PERCEPTIVE CAP SOLUTIONS COR	750,000	$7,965	0.6%	$10.07	+3.8%	CL A ORD SHS	G70077105
SEPN	SEPTERNA INC	540,453	$5,713	0.4%	$8.24	0.0%	COM	81734D104
SRZN	SURROZEN INC	632,931	$5,658	0.4%	$11.62	-21.4%	COM NEW	86889P208
ZURA	ZURA BIO LTD	4,631,216	$4,863	0.4%	$2.58	-53.7%	CLASS A ORD SHS	G9TY5A101
ARTV	ARTIVA BIOTHERAPEUTICS INC	1,609,569	$2,430	0.2%	$11.59	-81.9%	COM	04317A107
CASIF	CASI PHARMACEUTICALS INC	987,259	$1,165	0.1%	$6.09	-69.9%	ORD SHS	G1933S101
TENX	TENAX THERAPEUTICS INC	98,564	$568	0.0%	$3.62	+59.6%	COM NEW	88032L605