Valor Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Valor Management LLC reported 4 stock positions worth $249.2 million. Its top holding was Harmony Biosciences (HRMY) at 91.4% of the portfolio, followed by Brainsway Ltd.-ADR (BWAY, 8.0%) and Sonder (SONDQ, 0.6%). Compared with Q3 2024, it opened 1 new position, sold out of 1 and reduced 1. The biggest buy was a new position in Brainsway Ltd.-ADR (BWAY) and the biggest sale an exit from Astera Labs (ALAB).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001846237
Portfolio Value
$249.2M (Q4 2024)
SEC Filing
0001140361-25-004497 ↗ filed Feb 14, 2025

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 Q3 2024 Q4 2024: $249.2M $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 · $249.2M
HRMY Harmony Biosciences Holdings 91.40% 6,618,033 $227.7M Reduce -41.0%
BWAY Brainsway Ltd.-ADR 7.96% 2,103,745 $19.8M New
SONDQ Sonder Holdings Inc. 0.61% 476,321 $1.5M No change
BIOA Bioage Labs Inc. 0.03% 13,105 $76K No change

Portfolio Sells Q3 2024 → Q4 2024
ALAB Astera Labs Inc. Sold out 0.00% −4.93
HRMY Harmony Biosciences Holdings Reduce -41.0% 91.40% −3.15

Portfolio Buys Q3 2024 → Q4 2024
BWAY Brainsway Ltd.-ADR New 7.96% +7.96

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