Qiming U.S. Ventures Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 28, 2025), Qiming U.S. Ventures Management, LLC reported 6 stock positions worth $51.1 million. Its top holding was Jasper Therapeutics (JSPR) at 38.8% of the portfolio, followed by Tourmaline Bio (TRML, 29.4%) and Korro Bio (KRRO, 27.4%). Compared with Q3 2024, it reduced 1. The biggest sale was Hillevax (HLVX, shares −33%).

Most Recent 13F
Q3 2025
Location
BELLEVUE, WA
CIK
0001909617
Portfolio Value
$51.1M (Q4 2024)
SEC Filing
0001104659-25-006699 ↗ filed Jan 28, 2025

Holdings Value

0$20.0M$40.0M$60.0M$80.0M$100.0M Q1 2024: $89.7M Q1 2024 Q2 2024: $52.6M Q2 2024 Q3 2024: $51.4M Q3 2024 Q4 2024: $51.1M $51.1M Q4 2024 Q1 2025: $23.1M Q1 2025 Q2 2025: $23.6M Q2 2025 Q3 2025: $55.6M Q3 2025

Holdings 6 stocks · $51.1M

JSPR Jasper Therapeutics Inc. 38.83% 928,964 $19.9M No change
TRML Tourmaline Bio Inc. 29.41% 741,691 $15.0M No change
KRRO Korro Bio Inc. 27.40% 368,085 $14.0M No change
VTYX Ventyx Biosciences Inc. 1.77% 412,225 $903K No change
HLVX Hillevax Inc. 1.51% 372,615 $771K Reduce -33.3%
KZR Kezar Life Sciences Inc. 1.09% 82,871 $557K No change

Portfolio Sells Q3 2024 → Q4 2024

HLVX Hillevax Inc. Reduce -33.3% 1.51% −0.41

Portfolio Buys Q3 2024 → Q4 2024

None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 4$55.6MTRML, KRRO, JSPR, KZR
Q2 2025 6$23.6MTRML, JSPR, KRRO, VTYX, HLVX
Q1 2025 6$23.1MTRML, KRRO, JSPR, HLVX, VTYX
Q4 2024 6$51.1MJSPR, TRML, KRRO, VTYX, HLVX
Q3 2024 6$51.4MTRML, JSPR, KRRO, HLVX, VTYX
Q2 2024 6$52.6MJSPR, KRRO, TRML, HLVX, VTYX
Q1 2024 6$89.7MKRRO, JSPR, TRML, HLVX, VTYX