Decheng Capital LLC
CIK 2010850 · Holdings on Dec 31, 2025 · First reported Feb 12, 2026
Top ten holdings
Q4 2025- CGON35.59%
- NUVB31.28%
- UPB11.48%
- AARD6.92%
- LYEL2.87%
- NAMS2.79%
- RVMD2.14%
- RCUS1.74%
- ACRS1.64%
- EQ0.93%
Share classes counted separately97.38%
Portfolio value by quarter
What changed this quarter?
Within preview · weight change- NUVBWeight increased · +14.53 pp16.75% → 31.28%Shares 0 (0.00%)
- CGONWeight decreased · -9.19 pp44.78% → 35.59%Shares 0 (0.00%)
- AARDWeight decreased · -2.16 pp9.08% → 6.92%Shares 0 (0.00%)
Weight = security value ÷ total reported holdings value. Changes are in percentage points; price moves also affect weights, so they are not trade sizes.
Top 10 holdings 19
USD · B = billion · M = million; expand a row for exact values| # | Security | Value | Weight | Quantity | Weight / quantity change | Activity | |
|---|---|---|---|---|---|---|---|
| 01 | CGONCG ONCOLOGY INC View history and evidence | $264.55M | 35.59% | 6.37M shares | 44.78% → 35.59%-9.19 pp 0 (0.00%) | Unchanged | ↗▾ |
| 02 | NUVBNUVATION BIO INC View history and evidence | $232.55M | 31.28% | 25.95M shares | 16.75% → 31.28%+14.53 pp 0 (0.00%) | Unchanged | ↗▾ |
| 03 | UPBUPSTREAM BIO INC View history and evidence | $85.33M | 11.48% | 3.14M shares | 10.78% → 11.48%+0.70 pp -142.22K (-4.33%) | Reduced | ↗▾ |
| 04 | AARDAARDVARK THERAPEUTICS INC View history and evidence | $51.41M | 6.92% | 3.92M shares | 9.08% → 6.92%-2.16 pp 0 (0.00%) | Unchanged | ↗▾ |
| 05 | LYELLYELL IMMUNOPHARMA INC View history and evidence | $21.30M | 2.87% | 692.05K shares | 1.69% → 2.87%+1.18 pp +96.58K (+16.22%) | Added | ↗▾ |
| 06 | NAMSNEWAMSTERDAM PHARMA CO NV View history and evidence | $20.77M | 2.79% | 592.06K shares | 3.26% → 2.79%-0.47 pp -64.99K (-9.89%) | Reduced | ↗▾ |
| 07 | RVMDREVOLUTION MEDICINES INC View history and evidence | $15.93M | 2.14% | 200.00K shares | 1.71% → 2.14%+0.43 pp -10.00K (-4.76%) | Reduced | ↗▾ |
| 08 | RCUSARCUS BIOSCIENCES INC View history and evidence | $12.91M | 1.74% | 541.56K shares | 1.30% → 1.74%+0.44 pp -6.05K (-1.10%) | Reduced | ↗▾ |
| 09 | ACRSACLARIS THERAPEUTICS INC View history and evidence | $12.17M | 1.64% | 4.04M shares | 1.34% → 1.64%+0.30 pp 0 (0.00%) | Unchanged | ↗▾ |
| 10 | EQEQUILLIUM INC View history and evidence | $6.89M | 0.93% | 4.45M shares | 1.11% → 0.93%-0.18 pp 0 (0.00%) | Unchanged | ↗▾ |
Options overlay 0
No options reported this quarter.
Exited positions 4
| Security | Type | Shares out | Value out | Previous filing | This filing |
|---|---|---|---|---|---|
| MRUS MERUS NV | Non-derivative | -186,546 | -$17.56M | SEC filing ↗ | SEC filing ↗ |
| MLTX MOONLAKE IMMUNOTHERAPEUTICS | Non-derivative | -181,600 | -$1.30M | SEC filing ↗ | SEC filing ↗ |
| ILMN ILLUMINA INC | Non-derivative | -7,979 | -$757.77K | SEC filing ↗ | SEC filing ↗ |
3 / 4 preview exits. Up to 30 exit records are previewed. Exit means absent from the current filing; execution date, price and proceeds are unknown.
Every number has a source.
CIK 2010850 · Period 2025-12-31
Data loaded 2026-09-23 · First reported 2026-02-12
Amendments and versions
{
"amendments_merged": null,
"prior_versions": null,
"cover_table_value": 743406873
}Take these holdings further.
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