Qiming U.S. Ventures Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Qiming U.S. Ventures Management, LLC reported 6 stock positions worth $23.1 million. Its top holding was Tourmaline Bio (TRML) at 48.8% of the portfolio, followed by Korro Bio (KRRO, 27.7%) and Jasper Therapeutics (JSPR, 17.3%). Its holdings were unchanged from Q4 2024.

Most Recent 13F
Q3 2025
Location
BELLEVUE, WA
CIK
0001909617
Portfolio Value
$23.1M (Q1 2025)
SEC Filing
0001415889-25-013135 ↗ filed May 15, 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 Q4 2024 Q1 2025: $23.1M $23.1M Q1 2025 Q2 2025: $23.6M Q2 2025 Q3 2025: $55.6M Q3 2025

Holdings 6 stocks · $23.1M

TRML Tourmaline Bio Inc. 48.83% 741,691 $11.3M No change
KRRO Korro Bio Inc. 27.74% 368,085 $6.4M No change
JSPR Jasper Therapeutics Inc. 17.29% 928,964 $4.0M No change
HLVX Hillevax Inc. 2.34% 372,615 $540K No change
VTYX Ventyx Biosciences Inc. 2.05% 412,225 $474K No change
KZR Kezar Life Sciences Inc. 1.75% 82,871 $404K No change

Portfolio Sells Q4 2024 → Q1 2025

None this quarter.

Portfolio Buys Q4 2024 → Q1 2025

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