Avalon Ventures Management
LA JOLLA, CAfiles as AVALON VENTURES MANAGEMENT, LLC
$14m in 2 US stocks at the end of 30 September 2025. The top 10 are 100.0% of the money. It changed about 3.9% of the portfolio this quarter.
Value
$14m
Stocks
2
Top 10 share
100.0%
Turnover
3.9%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- Janux TherapeuticsJANX9.2% of the fund+23%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| KalturaKLTR | 90.8% | $13m | 8,962,707 | Held |
| Janux TherapeuticsJANX | 9.2% | $1m | 53,300 | +23% |
Over time and by industry
Value over time
Sep '25
Value is down 25.3% since 30 June 2025.
Where the money is
Technology90.8%
Health care9.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.