NVP Associates, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), NVP Associates, LLC reported 6 stock positions worth $112.2 million. Its top holding was Dave (DAVE) at 42.9% of the portfolio, followed by Talkspace (TALK, 22.4%) and MBX Biosciences (MBX, 14.1%). Compared with Q4 2024, it sold out of 1, added to 1 and reduced 1. The biggest buy was Grove Collaborative (GROV, shares +10%) and the biggest sale an exit from Udemy (UDMY).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001545692
- Portfolio Value
- $112.2M (Q1 2025)
- SEC Filing
- 0001415889-25-012671 ↗ filed May 12, 2025
Holdings Value
Holdings 6 stocks · $112.2M
| DAVE Dave Inc. | 42.94% | 582,675 | $48.2M | No change |
| TALK Talkspace Inc. | 22.37% | 9,802,972 | $25.1M | Reduce -33.3% |
| MBX MBX Biosciences Inc. | 14.05% | 2,136,335 | $15.8M | No change |
| ZBIO Zenas Biopharma Inc. | 12.95% | 1,838,482 | $14.5M | No change |
| GROV Grove Collaborative Holdings | 3.88% | 3,225,097 | $4.4M | Add +9.6% |
| OPEN Opendoor Technologies Inc. | 3.81% | 4,189,562 | $4.3M | No change |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| GROV Grove Collaborative Holdings | Add +9.6% | 3.88% | +1.69 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $328.2M | MBX, AVLN, OMDA, ZBIO, SNOW |
| Q1 2026 | 5 | $176.2M | MBX, BLLN, ZBIO, OMDA, GROV |
| Q4 2025 | 6 | $255.2M | MBX, ZBIO, BLLN, OMDA, TALK |
| Q3 2025 | 5 | $166.1M | OMDA, ZBIO, MBX, TALK, GROV |
| Q2 2025 | 7 | $184.2M | DAVE, OMDA, TALK, MBX, ZBIO |
| Q1 2025 | 6 | $112.2M | DAVE, TALK, MBX, ZBIO, GROV |
| Q4 2024 | 7 | $186.9M | DAVE, TALK, MBX, UDMY, ZBIO |
| Q3 2024 | 8 | $176.1M | MBX, ZBIO, TALK, DAVE, UDMY |
| Q2 2024 | 6 | $91.3M | TALK, UDMY, DAVE, OPEN, GROV |
| Q1 2024 | 6 | $125.9M | TALK, UDMY, DAVE, OPEN, GROV |