Kalehua Capital Management LLC

DALLAS, TX · CIK 2106181 · 13F filing filed 2026-05-15

Exempt reporting adviser since 2023 · limited liability company

Private funds2 · $130.8m gross assets
Websitekalehuacapital.com
Form ADV · 2026-03-31SEC adviser record

Legal entityKALEHUA CAPITAL MANAGEMENT LLC (US)

$259.9m reported value +157.1% vs Q4 2025

25positions

72.1%in top 10

9 new 16 added 0 reduced 3 sold out vs Q4 2025

Holdings, Q1 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	EA SERIES TRUST ALPHA ARCH 1-3 BOXX	BOXX	336,700	$39.2m15.06%	15.06%	Added +105.9k	+105,913 45.9%
2	X4 PHARMACEUTICALS INC COM NEW XFOR	XFOR	7,445,680	$30.8m11.83%	11.83%	Added +3.7m	+3,722,840 100.0%
3	SURROZEN INC COM NEW SRZN	SRZN	770,356	$22.4m8.63%	8.63%	Added +385.2k	+385,178 100.0%
4	RELAY THERAPEUTICS INC COM RLAY	RLAY	1,802,914	$17.9m6.90%	6.90%	Added +901.5k	+901,457 100.0%
5	SIONNA THERAPEUTICS INC COM SION	SION	394,144	$15.8m6.08%	6.08%	Added +197.1k	+197,072 100.0%
6	VERADERMICS INC COMMON STOCK MANE	MANE	248,574	$15.7m6.04%	6.04%	New
7	ACLARIS THERAPEUTICS INC COM ACRS	ACRS	3,169,921	$11.9m4.57%	4.57%	New
8	ORUKA THERAPEUTICS INC COM ORKA	ORKA	237,048	$11.6m4.47%	4.47%	Added +118.5k	+118,524 100.0%
9	PHARVARIS N V COM PHVS	PHVS	397,544	$11.2m4.32%	4.32%	Added +198.8k	+198,772 100.0%
10	INHIBIKASE THERAPEUTICS INC COM NEW IKT	IKT	6,494,498	$10.9m4.20%	4.20%	Added +4.7m	+4,744,498 271.1%
11	SEPTERNA INC COM SEPN	SEPN	389,088	$9.3m3.60%	3.60%	Added +194.5k	+194,544 100.0%
12	COMPASS PATHWAYS PLC SPONSORED ADS CMPS	CMPS	1,639,384	$9.1m3.49%	3.49%	Added +819.7k	+819,692 100.0%
13	UNIQURE NV SHS QURE	QURE	502,811	$8.2m3.16%	3.16%	New
14	LEONABIO INC COM LONA	LONA	787,402	$8.1m3.11%	3.11%	Added +393.7k	+393,701 100.0%
15	DAMORA THERAPEUTICS INC COM NEW COM NEW		278,000	$7.2m2.77%	2.77%	New
16	MOONLAKE IMMUNOTHERAPEUTICS CLASS A ORD MLTX	MLTX	351,468	$6.6m2.52%	2.52%	Added +175.7k	+175,734 100.0%
17	GOSSAMER BIO INC COM GOSS	GOSS	17,708,133	$5.8m2.24%	2.24%	New
18	TYRA BIOSCIENCES INC COM TYRA	TYRA	148,930	$5.7m2.19%	2.19%	Added +74.5k	+74,465 100.0%
19	PEPGEN INC COM PEPG	PEPG	1,729,961	$3.1m1.18%	1.18%	New
20	TENAYA THERAPEUTICS INC COM TNYA	TNYA	4,000,000	$2.8m1.07%	1.07%	Added +2.0m	+2,000,000 100.0%
21	INSTIL BIO INC COM NEW TIL	TIL	322,879	$2.7m1.02%	1.02%	New
22	KALARIS THERAPEUTICS INC COM KLRS	KLRS	271,170	$1.6m0.60%	0.60%	Added +131.3k	+131,269 93.8%
23	KORRO BIO INC COM KRRO	KRRO	109,376	$1.2m0.48%	0.48%	New
24	DIAMEDICA THERAPEUTICS INC COM NEW DMAC	DMAC	124,976	$846.1k0.33%	0.33%	Added +29.6k	+29,617 31.1%
25	LOOP INDS INC COM LOOP	LOOP	347,539	$361.4k0.14%	0.14%	New

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
ALLOGENE THERAPEUTICS INC ALLO	ALLO	2,546,129	$3.5m2.5m shares
ORIC PHARMACEUTICALS INC ORIC	ORIC	267,059	$2.2m267.1k shares
VERRICA PHARMACEUTICALS INC VRCA	VRCA	235,779	$2.0m235.8k shares