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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | TERNS PHARMACEUTICALS INC | $31.9M | 604534 | 14.80% |
| 2 | PROTAGONIST THERAPEUTICS INC | $24.2M | 229619 | 11.24% |
| 3 | SHATTUCK LABS INC | $20.3M | 3149907 | 9.40% |
| 4 | VOR BIOPHARMA INC | $17.8M | 999967 | 8.28% |
| 5 | COMPASS PATHWAYS PLC | $11.2M | 2021407 | 5.19% |
| 6 | RHYTHM PHARMACEUTICALS INC | $11.0M | 126078 | 5.09% |
| 7 | XENON PHARMACEUTICALS INC | $10.7M | 183225 | 4.95% |
| 8 | PALVELLA THERAPEUTICS INC NE | $10.3M | 82686 | 4.79% |
| 9 | ZENAS BIOPHARMA INC | $8.3M | 426736 | 3.87% |
| 10 | INVENTIVA SA | $7.4M | 1333484 | 3.44% |
| 11 | VERASTEM INC | $6.9M | 1306800 | 3.22% |
| 12 | CRESCENT BIOPHARMA INC. | $6.8M | 372856 | 3.18% |
| 13 | ORIC PHARMACEUTICALS INC | $6.6M | 523619 | 3.08% |
| 14 | STRUCTURE THERAPEUTICS INC | $6.4M | 133239 | 2.98% |
| 15 | VAXCYTE INC | $5.5M | 95223 | 2.57% |
| 16 | COGENT BIOSCIENCES INC | $5.0M | 131188 | 2.34% |
| 17 | COMPASS THERAPEUTICS INC | $4.5M | 848204 | 2.08% |
| 18 | EVOMMUNE INC | $4.2M | 184063 | 1.96% |
| 19 | OCULIS HOLDING AG | $4.0M | 149592 | 1.85% |
| 20 | ZAI LAB LTD | $3.4M | 183362 | 1.60% |
| 21 | DISC MEDICINE INC | $3.4M | 52655 | 1.56% |
| 22 | KALVISTA PHARMACEUTICALS INC | $2.7M | 131796 | 1.23% |
| 23 | SUMMIT THERAPEUTICS INC | $1.7M | 89717 | 0.79% |
| 24 | ADICET BIO INC | $1.1M | 157827 | 0.50% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.