Vivo Capital, LLC
•CIK: 1674712•Filing: Q4 2025
**Vivo Capital, LLC** manages $1.5B across a concentrated portfolio of 47 positions. The fund exhibits significant conviction in select names, with TERN anchoring the top holding at $216.0M. Further notable allocations include CDTX ($211.3M) and PRAX ($96.9M), indicating a focused, high-conviction approach. This structure suggests an active, deep-value mandate targeting outsized returns within specific sectors.
Total AUM
$1.5B
QoQ Performance
+24.5%
Positions
47
Top 10 Concentration
60.1%
Latest Filing
Q4 2025
Top Holdings Allocation
TERN
CDTX
PRAX
COGT
TERN14.0%
CDTX13.7%
PRAX6.3%
COGT5.5%
TRVI4.1%
Avadel3.7%
CMPX3.3%
DYN3.3%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
—
Tourmaline Bio Inc.
SOLD
$28.3M
+2 more exited positions
Changes from Q3 2025
NEW7 new positions
↑4 increased
↓9 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023