Yu Fan

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), Yu Fan reported 5 stock positions worth $92.3 million. Its top holding was Kestra Medical Technologies (KMTS) at 65.6% of the portfolio, followed by Ceribell (CBLL, 13.1%) and Alumis (ALMS, 8.4%). Compared with Q3 2025, it opened 1 new position and reduced 1. The biggest buy was a new position in Inventiva SA - ADR (IVA) and the biggest sale Ceribell (CBLL, shares −59%).

Most Recent 13F
Q2 2026
Location
CENTRAL, HONG KONG, K3
CIK
0001668029
Portfolio Value
$92.3M (Q4 2025)
SEC Filing
0001193125-26-055455 ↗ filed Feb 18, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $72.5M Q1 2024 Q2 2024: $76.5M Q2 2024 Q3 2024: $32.5M Q3 2024 Q4 2024: $53.2M Q4 2024 Q1 2025: $97.3M Q1 2025 Q2 2025: $73.2M Q2 2025 Q3 2025: $76.9M Q3 2025 Q4 2025: $92.3M $92.3M Q4 2025 Q1 2026: $97.0M Q1 2026 Q2 2026: $107.9M Q2 2026

Holdings 5 stocks · $92.3M
KMTS Kestra Medical Technologies 65.60% 2,282,519 $60.5M No change
CBLL Ceribell Inc. 13.06% 549,448 $12.0M Reduce -59.4%
ALMS Alumis Inc. 8.35% 789,618 $7.7M No change
IVA Inventiva SA - ADR 7.56% 1,500,000 $7.0M New
WHWK Whitehawk Therapeutics Inc. 5.43% 2,070,000 $5.0M No change

Portfolio Sells Q3 2025 → Q4 2025
CBLL Ceribell Inc. Reduce -59.4% 13.06% −7.17

Portfolio Buys Q3 2025 → Q4 2025
IVA Inventiva SA - ADR New 7.56% +7.56

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$107.9MKMTS, WHWK, ALMS, CBLL, IVA
Q1 2026 8$97.0MKMTS, ALMS, CBLL, IVA, WHWK
Q4 2025 5$92.3MKMTS, CBLL, ALMS, IVA, WHWK
Q3 2025 4$76.9MKMTS, CBLL, WHWK, ALMS
Q2 2025 5$73.2MKMTS, CBLL, WHWK, CRGX, ALMS
Q1 2025 9$97.3MKMTS, CBLL, ALMS, CGON, CRGX
Q4 2024 7$53.2MCBLL, CRGX, ALMS, CGON, CSTL
Q3 2024 6$32.5MCRGX, ALMS, CGON, CSTL, PYXS
Q2 2024 6$76.5MCGON, CRGX, ALMS, CSTL, PYXS
Q1 2024 5$72.5MPRENETICS GLOBAL LTD, AEGLEA BIOTHERAPEUTICS INC, SONENDO INC, SGMT, PYXS