Managers / Q1 2024 · view latest →
Valor Management LLC
CIK 0001846237 · 320 N. SANGAMON STREET, SUITE 1200, CHICAGO, IL, 60607 · (312) 683-1900
Summary
Valor Management LLC reported $480M in U.S.-listed holdings across 6 positions for Q1 2024.
The portfolio is heavily concentrated: HRMY alone accounts for 78.6% of reported value.
Compared with Q4 2023, the fund opened 3 new positions and exited 0.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 100.0% · $480M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| RDDTReddit, Inc. | NEW | +1.34M | 1.34M | +$66M | $66M |
| ALABAstera Labs, Inc. | NEW | +446.2K | 446.2K | +$33M | $33M |
| ANROAlto Neuroscience, Inc. | NEW | +157.0K | 157.0K | +$2M | $2M |
| HRMYHarmony Biosciences Holdings Inc | HELD | +0 | 11.22M | +$14M | $377M |
| SONDQSonder Holdings Inc | HELD | +0 | 476.3K | −$204,818 | $1M |
| GETRGetaround, Inc. | HELD | +0 | 31.7K | +$2,282 | $9,729 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | HRMYHarmony Biosciences Holdings Inchistory → | COM | 78.55% | $377M | 11.22M |
| 2 | RDDTReddit, Inc.history → | CL A | 13.75% | $66M | 1.34M |
| 3 | ALABAstera Labs, Inc.history → | COM | 6.90% | $33M | 446.2K |
| 4 | ANROAlto Neuroscience, Inc. | COM SHS | 0.50% | $2M | 157.0K |
| 5 | SONDQSonder Holdings Inc | CL A | 0.29% | $1M | 476.3K |
| 6 | GETRGetaround, Inc. | COM | 0.00% | $9,729 | 31.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $181M | 5 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $55M | 3 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $67M | 4 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $238M | 4 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $241M | 4 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $249M | 4 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $475M | 4 | Nov 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $455M | 6 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $480M | 6 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $364M | 3 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $372M | 4 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $402M | 5 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $380M | 4 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $634M | 4 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $521M | 3 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $567M | 3 | Aug 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | Under review | 4 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $627.7B | 4 | Feb 9, 2022 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.