VR Adviser, LLC

Q2 2025 13F Holdings Report, Stock Holdings

Signature - Title
Sherman G. Souther - Authorized Signatory
Location
New York, NY
Holdings as of
30 Jun 2025
Value $
$1,334,436,576
Num holdings
31
Filing time
14 Aug 2025, 16:48:00 UTC
Form type
13F-HR
Description
All US holdings of this investor are reported in this report. Top holdings included APGE, OCUL, MTSR, ELVN, and KALV.
Previous filing
Q1 2025 - 15 May 2025
Next filing
Q3 2025 - 14 Nov 2025
Sym Weight Trade Impact Company Class Share Change Activity Value Change $ Value $ * Price $ Shares Principal
Filing 2025 Q2 compared to 2025 Q1 by default. Changes are calculated vs the previous SEC filing.
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name Title City, State Date
Sherman G. Souther Authorized Signatory Palo Alto, California 14 Aug 2025

Note: VR Adviser, LLC is filing this Form 13F on behalf of itself and the general partner entities of the investment funds for which it serves as the investment adviser, VHCP Management II, LLC, VHCP Management III, LLC, VHCP Management EG, LLC and Venrock Opportunities Management, LLC.