ADAMS STREET PARTNERS LLC Quant / Systematic

CIK: 0001193586 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $263,912 (100.0% shares, 0.0% debt)

Holdings (5)

New Positions (2)

BLLN BillionToOne, Inc. 53.1%

Value ($000) $140,063 Shares 1,711,430 Est. Cost $101.40 Unrealized 0.0%

CAI Caris Life Sciences, Inc. 0.1%

Value ($000) $132 Shares 4,894 Est. Cost $28.16 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BLLN	BillionToOne, Inc.	1,711,430	$140,063	53.1%	$101.40	0.0%	Class A	090168105
CAI	Caris Life Sciences, Inc.	4,894	$132	0.1%	$28.16	0.0%	Common	142152107

Increased Positions (1)

PAY Paymentus Holdings, Inc. 2.7%

Value ($000) $7,061 (+147.9%) Shares 223,506 (+140.1%) Est. Cost $32.60 Unrealized +0.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PAY	Paymentus Holdings, Inc.	223,506 (+140.1%)	$7,061 (+147.9%)	2.7%	$32.60	+0.1%	Common- Class A	70439P108

Exited Positions (2)

PGY Pagaya Technologies Ltd. 4.0%

Value ($000) $10,526 Shares 354,539 Est. Cost $32.30 Unrealized -21.1%

IOT Samsara, Inc. 2.1%

Value ($000) $5,416 Shares 145,408 Est. Cost $41.33 Unrealized -6.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PGY	Pagaya Technologies Ltd.	354,539	$10,526	4.0%	$32.30	-21.1%	—	M7S64L123
IOT	Samsara, Inc.	145,408	$5,416	2.1%	$41.33	-6.3%	—	79589L106

Unchanged Positions (2)

RMNI Rimini Street, Inc. 34.6%

Value ($000) $91,434 Shares 23,565,433 Est. Cost $8.44 Unrealized -50.9%

CRVS Corvus Pharmaceuticals, Inc. 9.6%

Value ($000) $25,222 Shares 3,275,616 Est. Cost $13.47 Unrealized -41.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RMNI	Rimini Street, Inc.	23,565,433	$91,434	34.6%	$8.44	-50.9%	Common	76674Q107
CRVS	Corvus Pharmaceuticals, Inc.	3,275,616	$25,222	9.6%	$13.47	-41.5%	Common	221015100