Valor Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Valor Management LLC reported 3 stock positions worth $55.1 million. Its top holding was Brainsway Ltd.-ADR (BWAY) at 91.7% of the portfolio, followed by Harmony Biosciences (HRMY, 8.0%) and Bioage Labs (BIOA, 0.3%). Compared with Q3 2025, it sold out of 1, added to 1 and reduced 1. The biggest buy was Brainsway Ltd.-ADR (BWAY, shares +26%) and the biggest sale Harmony Biosciences (HRMY, shares −91%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001846237
Portfolio Value
$55.1M (Q4 2025)
SEC Filing
0001213900-26-016066 ↗ filed Feb 13, 2026

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 Q3 2025 Q4 2025: $55.1M $55.1M Q4 2025 Q1 2026: $180.9M Q1 2026 Q2 2026: $86.2B Q2 2026

Holdings 3 stocks · $55.1M
BWAY Brainsway Ltd.-ADR 91.73% 2,657,475 $50.5M Add +26.3%
HRMY Harmony Biosciences Holdings 7.95% 117,130 $4.4M Reduce -90.8%
BIOA Bioage Labs Inc. 0.31% 13,105 $173K No change

Portfolio Sells Q3 2025 → Q4 2025
HRMY Harmony Biosciences Holdings Reduce -90.8% 7.95% −43.95
SONDQ Sonder Holdings Inc. Sold out 0.00% −0.90

Portfolio Buys Q3 2025 → Q4 2025
BWAY Brainsway Ltd.-ADR Add +26.3% 91.73% +44.65

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