Civilization Ventures Management, LLC
Long book
$87.9M
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
+52.8%
SPY +14.8%
Turnover
33%
of book per quarter
Strategy in plain words
auto-generated from filingsCivilization Ventures Management, LLC is a diversified fundamental manager, specialised in healthcare (100% of the long book), running a $87.9M US long book across 2 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: BILLIONTOONE INC CL A, OMADA HEALTH INC.
We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
-8.8%
Q1 2026
+52.8%
Sector allocation
Healthcare 100%