NVP ASSOCIATES, LLC
CIK
1545692
Location
MENLO PARK, CA
Portfolio Value
Small
$176,176,986
Diversification
Highly concentrated
Filing Date
Global Rank
#4,470
/ 8,603
▼ 661
· as of Mar 2026
Top Industry
Biotechnology
56.6%
3Y Alpha vs SPY
+26.6%
Period ended 3 months ago
Filed May 15, 2026 · 55d
14 quarters · since Dec 2022
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+238.9%
SPY
+76.0%
Annualised alpha
+29.5%
Max drawdown
−46.8%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
5 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
36.2%
+9.8 pts
Top 5
100.0%
+1.4 pts
Top 10
100.0%
0.0 pts
HHI
2,587
Highly concentrated+494
Portfolio Trend
14 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Healthcare | 97.7% | $172,048,862 |
| Consumer Defensive | 2.3% | $4,128,124 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reducedNo qualifying positions this quarter.
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| TALK | Talkspace, Inc. | 9,802,972 | $35,584,788 | |
| No positions match the current search. | ||||
5 positions ·
$176,176,986 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MBX |
MBX Biosciences, Inc.
Healthcare
|
Held | 2,136,335 | $63,769,599 | 36.20% | |
| BLLN |
BillionToOne, Inc.
Healthcare
|
Held | 513,330 | $40,522,270 | 23.00% | |
| ZBIO |
Zenas BioPharma, Inc.
Healthcare
|
Held | 1,838,482 | $35,942,323 | 20.40% | |
| OMDA |
Omada Health, Inc.
Healthcare
|
Held | 2,531,000 | $31,814,670 | 18.06% | |
| GROV |
Grove Collaborative Holdings, Inc.
Consumer Defensive
|
Held | 3,225,097 | $4,128,124 | 2.34% |