Valor Management LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Valor Management LLC reported 4 stock positions worth $67.3 million. Its top holding was Harmony Biosciences (HRMY) at 51.9% of the portfolio, followed by Brainsway Ltd.-ADR (BWAY, 47.1%) and Sonder (SONDQ, 0.9%). Compared with Q2 2025, it reduced 1. The biggest sale was Harmony Biosciences (HRMY, shares −81%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001846237
Portfolio Value
$67.3M (Q3 2025)
SEC Filing
0001213900-25-110308 ↗ filed Nov 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 Q4 2024 Q1 2025: $240.6M Q1 2025 Q2 2025: $238.1M Q2 2025 Q3 2025: $67.3M $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 · $67.3M
HRMY Harmony Biosciences Holdings 51.91% 1,268,204 $35.0M Reduce -80.8%
BWAY Brainsway Ltd.-ADR 47.08% 2,103,745 $31.7M No change
SONDQ Sonder Holdings Inc. 0.90% 476,321 $605K No change
BIOA Bioage Labs Inc. 0.11% 13,105 $77K No change

Portfolio Sells Q2 2025 → Q3 2025
HRMY Harmony Biosciences Holdings Reduce -80.8% 51.91% −35.91

Portfolio Buys Q2 2025 → Q3 2025
None this quarter.

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