Kalehua Capital Management LLC

DALLAS, TX · CIK 2106181 · 13F filing filed 2026-08-14

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)

$313.5m reported value +20.6% vs Q1 2026

26positions

70.1%in top 10

8 new 5 added 3 reduced 7 sold out vs Q1 2026

Holdings, Q2 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	VERADERMICS INC COMMON STOCK MANE	MANE	291,390	$35.8m11.43%	11.43%	Added +42.8k	+42,816 17.2%
2	X4 PHARMACEUTICALS INC COM NEW XFOR	XFOR	7,445,680	$34.8m11.09%	11.09%	Unchanged
3	EA SERIES TRUST ALPHA ARCH 1-3 BOXX	BOXX	226,188	$26.5m8.45%	8.45%	Reduced -110.5k	-110,512 -32.8%
4	COMPASS PATHWAYS PLC SPONSORED ADS CMPS	CMPS	1,639,384	$23.2m7.40%	7.40%	Unchanged
5	SURROZEN INC COM NEW SRZN	SRZN	770,356	$20.0m6.38%	6.38%	Unchanged
6	ACLARIS THERAPEUTICS INC COM ACRS	ACRS	3,664,730	$19.4m6.18%	6.18%	Added +494.8k	+494,809 15.6%
7	SIONNA THERAPEUTICS INC COM SION	SION	394,144	$17.3m5.53%	5.53%	Unchanged
8	INHIBIKASE THERAPEUTICS INC COM NEW IKT	IKT	7,643,780	$15.5m4.95%	4.95%	Added +1.1m	+1,149,282 17.7%
9	PHARVARIS N V COM PHVS	PHVS	397,544	$13.7m4.39%	4.39%	Unchanged
10	KARYOPHARM THERAPEUTICS INC COM NEW KPTI	KPTI	1,371,288	$13.4m4.27%	4.27%	New
11	SEPTERNA INC COM SEPN	SEPN	389,088	$13.0m4.16%	4.16%	Unchanged
12	INFLARX NV COM IFRX	IFRX	5,795,538	$13.0m4.14%	4.14%	New
13	CYCLERION THERAPEUTICS INC COM COM		3,302,700	$11.2m3.57%	3.57%	New
14	UNIQURE NV SHS QURE	QURE	158,814	$7.3m2.33%	2.33%	Reduced -344.0k	-343,997 -68.4%
15	LEONABIO INC COM LONA	LONA	787,402	$7.2m2.31%	2.31%	Unchanged
16	DAMORA THERAPEUTICS INC COM NEW COM NEW		278,000	$7.2m2.31%	2.31%	Unchanged
17	MOONLAKE IMMUNOTHERAPEUTICS CLASS A ORD MLTX	MLTX	351,468	$6.8m2.18%	2.18%	Unchanged
18	KORRO BIO INC COM KRRO	KRRO	405,040	$5.3m1.70%	1.70%	Added +295.7k	+295,664 270.3%
19	TYRA BIOSCIENCES INC COM TYRA	TYRA	148,930	$4.8m1.52%	1.52%	Unchanged
20	NUVECTIS PHARMA INC COM NVCT	NVCT	200,000	$3.7m1.17%	1.17%	New
21	GOSSAMER BIO INC COM GOSS	GOSS	22,298,726	$3.7m1.17%	1.17%	Added +4.6m	+4,590,593 25.9%
22	MILESTONE PHARMACEUTICALS IN COM MIST	MIST	2,538,474	$3.4m1.09%	1.09%	New
23	ADLAI NORTYE LTD SPONSORED ADS ANL	ANL	226,415	$2.6m0.83%	0.83%	New
24	ATYR PHARMA INC COM NEW ATYR	ATYR	3,576,334	$2.1m0.68%	0.68%	New
25	INSTIL BIO INC COM NEW TIL	TIL	199,200	$1.5m0.49%	0.49%	Reduced -123.7k	-123,679 -38.3%
26	TSCAN THERAPEUTICS INC COM TCRX	TCRX	909,752	$891.6k0.28%	0.28%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
RELAY THERAPEUTICS INC RLAY	RLAY	1,802,914	$17.9m1.8m shares
ORUKA THERAPEUTICS INC ORKA	ORKA	237,048	$11.6m237.0k shares
PEPGEN INC PEPG	PEPG	1,729,961	$3.1m1.7m shares
TENAYA THERAPEUTICS INC TNYA	TNYA	4,000,000	$2.8m4.0m shares
KALARIS THERAPEUTICS INC KLRS	KLRS	271,170	$1.6m271.2k shares
DIAMEDICA THERAPEUTICS INC DMAC	DMAC	124,976	$846.1k125.0k shares
LOOP INDS INC LOOP	LOOP	347,539	$361.4k347.5k shares