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VR Adviser, LLC

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1615982
Institutional-grade research for retail investors

Sector Allocation

  • Healthcare99.9%$3.3B
  • Financials0.1%$3.2M

AUM History

13fpro.ai/research/fund/vr-adviser-llc-1615982

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/vr-adviser-llc-1615982

VR Adviser, LLC 13F holdings — Q2 2026

$3.3B portfolio (+23.1% QoQ) · 33 holdings · Q2 2026 13F · top 10 are 80% of the stock portfolio

All holdings — VR Adviser, LLC (Q2 2026)

33 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
VRDN$VRDNViridian Therapeutics, Inc.\DE$59.8M-16%
VOR$VORVor Biopharma Inc.$56.0M—
DYN$DYNDyne Therapeutics, Inc.$48.3M—
MAZE$MAZEMaze Therapeutics, Inc.$47.8M—
RLMD$RLMDRELMADA THERAPEUTICS, INC.$47.4M+41%
ORIC$ORICOric Pharmaceuticals, Inc.$46.8M—
CBIO$CBIOCRESCENT BIOPHARMA, INC.$38.4M—
ZURA$ZURAZura Bio Ltd$38.0M—
ANL$ANLAdlai Nortye Group Ltd.adr$36.9M—
ELVN$ELVNEnliven Therapeutics, Inc.$26.7M-70%
HELP$HELPHelus Pharma Inc.$25.5M—
CGEM$CGEMCullinan Therapeutics, Inc.$25.1M—
IPSC$IPSCCentury Therapeutics, Inc.$21.3M—
ARTV$ARTVArtiva Biotherapeutics, Inc.$19.8M+27%
CTMX$CTMXCytomX Therapeutics, Inc.$18.7M-50%

What changed in Q2 2026

Against the previous quarter's 13F: 4 new, 5 added to, 5 trimmed, 4 sold out. Share-count changes; largest moves by dollar size first.

New positions (4)

  • ACHV$ACHVACHIEVE LIFE SCIENCES, INC.$18.0M

    first bought this quarter

  • PBLS$PBLSParabilis Medicines, Inc.$17.1M

    first bought this quarter

  • RACC$RACCResearch Alliance Corp III$3.2M

    first bought this quarter

  • INM$INMInMed Pharmaceuticals Inc.$51K

    first bought this quarter

Added to (5)

  • ERAS$ERASErasca, Inc.+9%

    now $327.8M · held 9 qtrs

  • RLMD$RLMDRELMADA THERAPEUTICS, INC.+41%

    now $47.4M · held 2 qtrs, 2 adds in a row

  • XFOR$XFORX4 Pharmaceuticals, Inc+485%

    now $9.0M · held 2 qtrs, 2 adds in a row

  • SVRA$SVRASavara Inc+7%

    now $90.8M · held 6 qtrs

  • ARTV$ARTVArtiva Biotherapeutics, Inc.+27%

    now $19.8M · held 8 qtrs

Trimmed (5)

  • SYRE$SYRESpyre Therapeutics, Inc.-19%

    now $265.0M · held 10+ qtrs

  • ELVN$ELVNEnliven Therapeutics, Inc.-70%

    now $26.7M · held 10+ qtrs, 2 trims in a row

  • CTMX$CTMXCytomX Therapeutics, Inc.-50%

    now $18.7M · held 5 qtrs, 3 trims in a row

  • COGT$COGTCogent Biosciences, Inc.-18%

    now $63.6M · held 10+ qtrs

  • VRDN$VRDNViridian Therapeutics, Inc.\DE-16%

    now $59.8M · held 10+ qtrs

Sold out (4)

  • KALV$KALVKalVista Pharmaceuticals, Inc.was $130.3M

    held 9+ qtrs

  • ENGN$ENGNenGene Therapeutics Inc.was $32.5M

    held 9+ qtrs

  • TENX$TENXTENAX THERAPEUTICS, INC.was $26.8M

    held 1 qtr

  • SEPN$SEPNSepterna, Inc.was $12.2M

    held 4 qtrs

Firm AUM (Form ADV): $4.5B as of 2025-12-31 · SEC IAPD

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Holdings by quarter

Every 13F VR Adviser, LLC has filed, 25 earlier quarters. Pick one to see what it held then.

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Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of VR Adviser's top 20 holdings: 17/100 (our AI quality score, weighted by position size; 5 of the 20 are scored)

Top 10 since filing

-21.0%

Value-weighted move of the 10 largest stock positions

Turnover

3%

Last quarter; 23% over the last 4

Top 10 weight

80%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

91%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

VR Adviser, LLC disclosed 33 positions worth $3.3B in its Form 13F-HR for Q2 2026, led by $APGE (Apogee Therapeutics, Inc.) at 34.2% of the equity portfolio, followed by $ORKA and $ERAS. During the quarter the fund opened 4 new positions and exited 4 — including a new stake in $ACHV and a full exit from $KALV. The portfolio is most concentrated in Healthcare (99.9% of disclosed assets). All figures are sourced directly from VR Adviser, LLC’s Form 13F-HR filing with the SEC under CIK 1615982.

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AI-Powered Hedge Fund Analysis: VR Adviser, LLC

13F Pro is an AI hedge fund tracker and stock research platform. For VR Adviser, LLC (SEC CIK: 1615982), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in VR Adviser, LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.