Valor Management LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Valor Management LLC reported 4 stock positions worth $474.6 million. Its top holding was Harmony Biosciences (HRMY) at 94.5% of the portfolio, followed by Astera Labs (ALAB, 4.9%) and Sonder (SONDQ, 0.5%). Compared with Q2 2024, it opened 1 new position and sold out of 3. The biggest buy was a new position in Bioage Labs (BIOA) and the biggest sale an exit from Reddit Class A (RDDT).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001846237
Portfolio Value
$474.6M (Q3 2024)
SEC Filing
0000950123-24-010846 ↗ filed Nov 12, 2024

Holdings Value

0$20.0B$40.0B$60.0B$80.0B$100.0B Q1 2024: $479.6M Q1 2024 Q2 2024: $454.7M Q2 2024 Q3 2024: $474.6M $474.6M Q3 2024 Q4 2024: $249.2M Q4 2024 Q1 2025: $240.6M Q1 2025 Q2 2025: $238.1M Q2 2025 Q3 2025: $67.3M Q3 2025 Q4 2025: $55.1M Q4 2025 Q1 2026: $180.9M Q1 2026 Q2 2026: $86.2B Q2 2026

Holdings 4 stocks · $474.6M
HRMY Harmony Biosciences Holdings 94.55% 11,218,033 $448.7M No change
ALAB Astera Labs Inc. 4.93% 446,189 $23.4M No change
SONDQ Sonder Holdings Inc. 0.47% 476,321 $2.2M No change
BIOA Bioage Labs Inc. 0.06% 13,105 $273K New

Portfolio Sells Q2 2024 → Q3 2024
RDDT Reddit Inc. Class A Sold out 0.00% −18.78
ANRO Alto Neuroscience Inc. Sold out 0.00% −0.37
GETR Getaround Inc. Sold out 0.00% −0.00

Portfolio Buys Q2 2024 → Q3 2024
BIOA Bioage Labs Inc. New 0.06% +0.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 5$86.2BSPCX, BWAY, BTGO, HRMY, BIOA
Q1 2026 5$180.9MBTGO, BWAY, CNTN, HRMY, BIOA
Q4 2025 3$55.1MBWAY, HRMY, BIOA
Q3 2025 4$67.3MHRMY, BWAY, SONDQ, BIOA
Q2 2025 4$238.1MHRMY, BWAY, SONDQ, BIOA
Q1 2025 4$240.6MHRMY, BWAY, SONDQ, BIOA
Q4 2024 4$249.2MHRMY, BWAY, SONDQ, BIOA
Q3 2024 4$474.6MHRMY, ALAB, SONDQ, BIOA
Q2 2024 6$454.7MHRMY, RDDT, ALAB, SONDQ, ANRO
Q1 2024 6$479.6MHRMY, RDDT, ALAB, ANRO, SONDQ