Avalon Ventures Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Avalon Ventures Management, LLC reported 2 stock positions worth $14.2 million. Its top holding was Kaltura (KLTR) at 90.8% of the portfolio, followed by Janux Therapeutics (JANX, 9.2%). Compared with Q2 2025, it added to 1. The biggest buy was Janux Therapeutics (JANX, shares +23%).

Most Recent 13F
Q3 2025
Location
LA JOLLA, CA
CIK
0002026666
Portfolio Value
$14.2M (Q3 2025)
SEC Filing
0002026666-25-000005 ↗ filed Nov 13, 2025

Holdings Value

0$5.0M$10.0M$15.0M$20.0M Q4 2024: $19.7M Q4 2024 Q1 2025: $16.8M Q1 2025 Q2 2025: $19.0M Q2 2025 Q3 2025: $14.2M $14.2M Q3 2025

Holdings 2 stocks · $14.2M

KLTR Kaltura Inc. 90.83% 8,962,707 $12.9M No change
JANX Janux Therapeutics Inc. 9.17% 53,300 $1.3M Add +23.1%

Portfolio Sells Q2 2025 → Q3 2025

None this quarter.

Portfolio Buys Q2 2025 → Q3 2025

JANX Janux Therapeutics Inc. Add +23.1% 9.17% +3.91

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 2$14.2MKLTR, JANX
Q2 2025 2$19.0MKLTR, JANX
Q1 2025 1$16.8MKLTR
Q4 2024 1$19.7MKLTR