Avalon Ventures Management, LLC
CIK
2026666
Location
La Jolla, CA
Portfolio Value
Micro
$14,208,950
Diversification
Highly concentrated
Filing Date
Global Rank
#7,458
/ 7,976
▼ 181
Top Industry
Software - Application
90.8%
3Y Alpha vs SPY
-56.5%
Period ended 9 months ago
Filed Nov 13, 2025 · 7mo
4 quarters · since Dec 2024
Clone Performance
Feb 2025–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-48.4%
SPY
+23.4%
Annualised alpha
-56.5%
Max drawdown
−59.7%
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
2 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025Top Position
90.8%
−3.9 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
8,335
Highly concentrated−669
Portfolio Trend
4 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 90.8% | $12,906,298 |
| Healthcare | 9.2% | $1,302,652 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| JANX | Janux Therapeutics, Inc. | +10,000 | 53,300 | $1,302,652 | |
| No positions match the current search. | |||||
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 exitedNo qualifying positions this quarter.
2 positions ·
$14,208,950 total
· as of Sep 30, 2025
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| KLTR |
Kaltura Inc
Technology
|
Held | 8,962,707 | $12,906,298 | 90.83% | |
| JANX |
Janux Therapeutics, Inc.
Healthcare
|
Added | 53,300 | $1,302,652 | 9.17% |