CADL US Equity

Candel Therapeutics, Inc.

Nasdaq+ Compare Tear sheet →

Health Care · Biological Products, (No Diagnostic Substances) · CIK 1841387 · FYE 1231

$9.68

-0.28 (-2.81%)

USD · as of 2026-07-28 · marketstack

Switch Ticker

Institutional ownership· 13F filers holding CADL · 2026-Q1 methodology → sources →

114 holders

% of shares outstanding held

59.3%

Shares held (13F)

43,429,246

Reporting holders

114

Top holders

largest 100 of 114 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	FMR LLC	10,987,01711.0M	$54M	15.00%	ADD 33%
2	RTW INVESTMENTS, LP	6,422,0186.4M	$31M	8.76%	NEW†
3	ACORN CAPITAL ADVISORS, LLC	3,497,9483.5M	$17M	4.77%	ADD 36%
4	BlackRock, Inc.	3,109,0423.1M	$15M	4.24%	ADD 9%
5	Saturn V Capital Management LP	2,896,5882.9M	$14M	3.95%	NEW†
6	Portolan Capital Management, LLC	2,894,3252.9M	$14M	3.95%	ADD 71%
7	VANGUARD CAPITAL MANAGEMENT LLC	2,462,7572.5M	$12M	3.36%	NEW†
8	Vestal Point Capital, LP	1,125,0001.1M	$6M	1.54%	NEW
9	MILLENNIUM MANAGEMENT LLC	1,060,0861.1M	$5M	1.45%	NEW
10	GEODE CAPITAL MANAGEMENT, LLC	1,035,4351.0M	$5M	1.41%	ADD 6%
11	Halter Ferguson Financial Inc.	904,051904,051	$4M	1.23%	ADD 21%
12	STATE STREET CORP	818,558818,558	$4M	1.12%	ADD 3%
13	HEIGHTS CAPITAL MANAGEMENT, INC	775,000775,000	$4M	1.06%	NEW
14	Sands Capital Alternatives, LLC	405,837405,837	$2M	0.55%	—
15	NORTHERN TRUST CORP	323,154323,154	$2M	0.44%	ADD 9%
16	VANGUARD FIDUCIARY TRUST CO	280,451280,451	$1M	0.38%	NEW
17	VANGUARD PORTFOLIO MANAGEMENT LLC	268,249268,249	$1M	0.37%	NEW
18	GOLDMAN SACHS GROUP INC	227,521227,521	$1M	0.31%	ADD 250%
19	ExodusPoint Capital Management, LP	227,468227,468	$1M	0.31%	NEW
20	Ghisallo Capital Management LLC	200,000200,000	$980,000	0.27%	NEW
21	Kynam Capital Management, LP	200,000200,000	$980,000	0.27%	NEW
22	Tanager Wealth Management LLP	198,175198,175	$971,058	0.27%	—
23	JANUS HENDERSON GROUP PLC	171,978171,978	$845,272	0.23%	NEW
24	Woodline Partners LP	156,700156,700	$767,830	0.21%	NEW
25	UBS Group AG	149,855149,855	$734,290	0.20%	ADD 44%
26	Bank of New York Mellon Corp	136,266136,266	$667,701	0.19%	ADD 43%
27	SUSQUEHANNA INTERNATIONAL GROUP, LLP	112,973112,973	$553,568	0.15%	TRIM -18%
28	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	111,716111,716	$547,408	0.15%	TRIM -8%
29	Point72 Asset Management, L.P.	107,211107,211	$525,334	0.15%	NEW
30	Stonepine Capital Management, LLC	102,500102,500	$502,250	0.14%	NEW
31	COMMONWEALTH EQUITY SERVICES, LLC	95,39595,395	$467,440	0.13%	ADD 16%
32	TWO SIGMA INVESTMENTS, LP	93,50093,500	$458,150	0.13%	TRIM -6%
33	Nuveen, LLC	93,15893,158	$456,474	0.13%	—
34	KENNEDY CAPITAL MANAGEMENT LLC	92,62592,625	$453,863	0.13%	NEW
35	ALLIANCEBERNSTEIN L.P.	69,11069,110	$390,472	0.09%	—
36	BRIDGEWAY CAPITAL MANAGEMENT, LLC	75,10075,100	$367,990	0.10%	ADD 36%
37	CITADEL ADVISORS LLC	72,66672,666	$356,063	0.10%	TRIM -68%
38	HB Wealth Management, LLC	67,24567,245	$329,501	0.09%	ADD 15%
39	Torrey Growth & Income Advisors	67,14867,148	$317,610	0.09%	—
40	Lido Advisors, LLC	60,25760,257	$295,259	0.08%	—
41	Birchview Capital, LP	60,00060,000	$294,000	0.08%	—
42	ALPS ADVISORS INC	59,62959,629	$292,182	0.08%	ADD 32%
43	Hudson Bay Capital Management LP	59,21059,210	$290,129	0.08%	NEW
44	MORGAN STANLEY	58,22958,229	$285,323	0.08%	TRIM -57%
45	RHUMBLINE ADVISERS	51,39951,399	$251,846	0.07%	—
46	BANK OF AMERICA CORP /DE/	47,40247,402	$232,270	0.06%	TRIM -8%
47	Belpointe Asset Management LLC	45,60445,604	$223,460	0.06%	NEW
48	MARTINGALE ASSET MANAGEMENT L P	43,90943,909	$215,155	0.06%	ADD 17%
49	XTX Topco Ltd	43,76343,763	$214,439	0.06%	ADD 84%
50	Balyasny Asset Management L.P.	43,20843,208	$211,719	0.06%	NEW
51	MONETA GROUP INVESTMENT ADVISORS LLC	41,86741,867	$205,148	0.06%	—
52	RAYMOND JAMES FINANCIAL INC	40,00040,000	$196,000	0.05%	ADD 21%
53	AlphaCentric Advisors LLC	36,31336,313	$177,934	0.05%	NEW
54	DEUTSCHE BANK AG\	33,30033,300	$163,170	0.05%	ADD 17%
55	HRT FINANCIAL LP	32,01532,015	$156,000	0.04%	NEW
56	Krilogy Financial LLC	30,06530,065	$155,135	0.04%	ADD 25%
57	Creative Planning	31,39831,398	$153,850	0.04%	NEW
58	Janney Montgomery Scott LLC	30,47230,472	$149,000	0.04%	ADD 13%
59	PRICE T ROWE ASSOCIATES INC /MD/	30,11030,110	$148,000	0.04%	ADD 17%
60	Stratos Wealth Advisors, LLC	25,90825,908	$126,949	0.04%	ADD 13%
61	LPL Financial LLC	24,70224,702	$121,040	0.03%	TRIM -14%
62	JPMORGAN CHASE & CO	24,86324,863	$111,386	0.03%	ADD 15%
63	CITIGROUP INC	21,38221,382	$104,772	0.03%	ADD 700%
64	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	21,07321,073	$103,258	0.03%	ADD 5%
65	Quadrature Capital Ltd	21,02321,023	$103,013	0.03%	NEW
66	Invesco Ltd.	20,90720,907	$102,444	0.03%	ADD 39%
67	AXQ CAPITAL, LP	20,86420,864	$102,234	0.03%	NEW
68	AQR CAPITAL MANAGEMENT LLC	18,02818,028	$88,338	0.02%	NEW
69	Taylor Financial Group, Inc.	16,60016,600	$81,340	0.02%	ADD 22%
70	WELLS FARGO & COMPANY/MN	16,59316,593	$81,306	0.02%	TRIM -78%
71	MetLife Investment Management, LLC	16,19916,199	$79,375	0.02%	TRIM -17%
72	Boreal Capital Management LLC	16,00016,000	$78,400	0.02%	—
73	SIMPLEX TRADING, LLC	13,21613,216	$64,758	0.02%	NEW
74	China Universal Asset Management Co., Ltd.	12,99812,998	$63,690	0.02%	ADD 45%
75	MANUFACTURERS LIFE INSURANCE COMPANY, THE	12,99312,993	$63,666	0.02%	TRIM -5%
76	RENAISSANCE TECHNOLOGIES LLC	12,78012,780	$62,622	0.02%	NEW
77	Vanguard Global Advisers, LLC	12,72512,725	$62,353	0.02%	NEW
78	MIRABELLA FINANCIAL SERVICES LLP	12,48912,489	$61,196	0.02%	NEW
79	Brevan Howard Capital Management LP	11,82111,821	$57,923	0.02%	NEW
80	INTECH INVESTMENT MANAGEMENT LLC	11,78711,787	$57,756	0.02%	TRIM -34%
81	BARCLAYS PLC	11,69911,699	$57,325	0.02%	TRIM -83%
82	Police & Firemen's Retirement System of New Jersey	11,20411,204	$54,900	0.02%	—
83	BNP PARIBAS FINANCIAL MARKETS	10,52910,529	$51,592	0.01%	ADD 6%
84	MML INVESTORS SERVICES, LLC	10,32510,325	$50,593	0.01%	NEW
85	GROUP ONE TRADING LLC	8,7608,760	$42,924	0.01%	—
86	OSAIC HOLDINGS, INC.	6,3746,374	$31,232	0.01%	—
87	BARTLETT & CO. WEALTH MANAGEMENT LLC	3,5203,520	$26,506	0.00%	NEW
88	Ameritas Investment Partners, Inc.	4,0164,016	$19,678	0.01%	—
89	Mirae Asset Global Investments Co., Ltd.	3,8213,821	$18,723	0.01%	ADD 43%
90	Russell Investments Group, Ltd.	3,7003,700	$18,130	0.01%	TRIM -11%
91	Legal & General Group Plc	3,5813,581	$17,547	0.00%	TRIM -15%
92	Tower Research Capital LLC (TRC)	2,9812,981	$14,607	0.00%	ADD 59%
93	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	2,3722,372	$11,623	0.00%	TRIM -12%
94	NEW YORK STATE COMMON RETIREMENT FUND	1,7001,700	$8,330	0.00%	—
95	TrinityBridge Ltd	1,3501,350	$7,000	0.00%	—
96	GF FUND MANAGEMENT CO. LTD.	1,2241,224	$5,998	0.00%	ADD 14%
97	JONES FINANCIAL COMPANIES LLLP	1,0201,020	$4,906	0.00%	—
98	US BANCORP \DE\	731731	$3,582	0.00%	NEW
99	Steward Partners Investment Advisory, LLC	677677	$3,317	0.00%	NEW
100	ROYAL BANK OF CANADA	600600	$3,000	0.00%	TRIM -67%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

FMR LLC

3.9M

7.1M

8.2M

11.0M

$54M

RTW INVESTMENTS, LP

—

6.4M

$31M

ACORN CAPITAL ADVISORS, LLC

1.9M

2.2M

2.6M

3.5M

$17M

BlackRock, Inc.

1.2M

1.8M

2.3M

2.4M

2.9M

3.1M

$15M

Saturn V Capital Management LP

—

2.9M

$14M

Portolan Capital Management, LLC

754K

881K

1.6M

1.4M

1.7M

2.9M

$14M

VANGUARD CAPITAL MANAGEMENT LLC

—

2.5M

$12M

Vestal Point Capital, LP

—

1.1M

$6M

MILLENNIUM MANAGEMENT LLC

32K

209K

—

137K

—

1.1M

$5M

GEODE CAPITAL MANAGEMENT, LLC

455K

687K

904K

928K

978K

1.0M

$5M

Halter Ferguson Financial Inc.

681K

693K

777K

698K

748K

904K

$4M

STATE STREET CORP

561K

563K

652K

689K

792K

819K

$4M

HEIGHTS CAPITAL MANAGEMENT, INC

30K

—

775K

$4M

Sands Capital Alternatives, LLC

406K

$2M

NORTHERN TRUST CORP

165K

236K

288K

307K

295K

323K

$2M

Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	114	43,429,246	59.3%	$213M
2025-Q4	84	23,634,061	32.3%	$134M
2025-Q3	81	22,686,313	31.0%	$116M
2025-Q2	78	23,051,662	31.5%	$117M
2025-Q1	82	21,190,163	28.9%	$120M
2024-Q4	71	18,011,077	24.6%	$156M
2024-Q3	52	6,702,323	9.1%	$46M
2024-Q2	45	5,981,119	8.2%	$37M
2024-Q1	20	3,780,548	5.2%	$6M
2023-Q4	22	4,027,399	5.5%	$6M
2023-Q3	20	5,258,158	7.2%

Short interest has its own tab now — open SI →

Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.

Activists & large holders· Schedule 13D/G beneficial owners · CADL

Large holders — 13G, passive (top 1 by % of class)

Holder

% of class

Type

As of

BlackRock, Inc.

6.6%

QII

2026-06-30

SEC →

Source: SEC Schedule 13D/13G structured XML. 13D = active intent; 13G filers report passively (Rule 13d-1(b) QII / 13d-1(c) Passive / 13d-1(d) Exempt) and are not activists. Percent and delta are the group aggregate the filing reports. Structured 13D/G coverage begins December 2024 (SEC XML mandate).

Institutional ownership· 13F filers holding CADL · 2026-Q1 methodology → sources →

114 holders

% of shares outstanding held

59.3%

Shares held (13F)

43,429,246

Reporting holders

114

Top holders

largest 100 of 114 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	FMR LLC	10,987,01711.0M	$54M	15.00%	ADD 33%
2	RTW INVESTMENTS, LP	6,422,0186.4M	$31M	8.76%	NEW†
3	ACORN CAPITAL ADVISORS, LLC	3,497,9483.5M	$17M	4.77%	ADD 36%
4	BlackRock, Inc.	3,109,0423.1M	$15M	4.24%	ADD 9%
5	Saturn V Capital Management LP	2,896,5882.9M	$14M	3.95%	NEW†
6	Portolan Capital Management, LLC	2,894,3252.9M	$14M	3.95%	ADD 71%
7	VANGUARD CAPITAL MANAGEMENT LLC	2,462,7572.5M	$12M	3.36%	NEW†
8	Vestal Point Capital, LP	1,125,0001.1M	$6M	1.54%	NEW
9	MILLENNIUM MANAGEMENT LLC	1,060,0861.1M	$5M	1.45%	NEW
10	GEODE CAPITAL MANAGEMENT, LLC	1,035,4351.0M	$5M	1.41%	ADD 6%
11	Halter Ferguson Financial Inc.	904,051904,051	$4M	1.23%	ADD 21%
12	STATE STREET CORP	818,558818,558	$4M	1.12%	ADD 3%
13	HEIGHTS CAPITAL MANAGEMENT, INC	775,000775,000	$4M	1.06%	NEW
14	Sands Capital Alternatives, LLC	405,837405,837	$2M	0.55%	—
15	NORTHERN TRUST CORP	323,154323,154	$2M	0.44%	ADD 9%
16	VANGUARD FIDUCIARY TRUST CO	280,451280,451	$1M	0.38%	NEW
17	VANGUARD PORTFOLIO MANAGEMENT LLC	268,249268,249	$1M	0.37%	NEW
18	GOLDMAN SACHS GROUP INC	227,521227,521	$1M	0.31%	ADD 250%
19	ExodusPoint Capital Management, LP	227,468227,468	$1M	0.31%	NEW
20	Ghisallo Capital Management LLC	200,000200,000	$980,000	0.27%	NEW
21	Kynam Capital Management, LP	200,000200,000	$980,000	0.27%	NEW
22	Tanager Wealth Management LLP	198,175198,175	$971,058	0.27%	—
23	JANUS HENDERSON GROUP PLC	171,978171,978	$845,272	0.23%	NEW
24	Woodline Partners LP	156,700156,700	$767,830	0.21%	NEW
25	UBS Group AG	149,855149,855	$734,290	0.20%	ADD 44%
26	Bank of New York Mellon Corp	136,266136,266	$667,701	0.19%	ADD 43%
27	SUSQUEHANNA INTERNATIONAL GROUP, LLP	112,973112,973	$553,568	0.15%	TRIM -18%
28	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	111,716111,716	$547,408	0.15%	TRIM -8%
29	Point72 Asset Management, L.P.	107,211107,211	$525,334	0.15%	NEW
30	Stonepine Capital Management, LLC	102,500102,500	$502,250	0.14%	NEW
31	COMMONWEALTH EQUITY SERVICES, LLC	95,39595,395	$467,440	0.13%	ADD 16%
32	TWO SIGMA INVESTMENTS, LP	93,50093,500	$458,150	0.13%	TRIM -6%
33	Nuveen, LLC	93,15893,158	$456,474	0.13%	—
34	KENNEDY CAPITAL MANAGEMENT LLC	92,62592,625	$453,863	0.13%	NEW
35	ALLIANCEBERNSTEIN L.P.	69,11069,110	$390,472	0.09%	—
36	BRIDGEWAY CAPITAL MANAGEMENT, LLC	75,10075,100	$367,990	0.10%	ADD 36%
37	CITADEL ADVISORS LLC	72,66672,666	$356,063	0.10%	TRIM -68%
38	HB Wealth Management, LLC	67,24567,245	$329,501	0.09%	ADD 15%
39	Torrey Growth & Income Advisors	67,14867,148	$317,610	0.09%	—
40	Lido Advisors, LLC	60,25760,257	$295,259	0.08%	—
41	Birchview Capital, LP	60,00060,000	$294,000	0.08%	—
42	ALPS ADVISORS INC	59,62959,629	$292,182	0.08%	ADD 32%
43	Hudson Bay Capital Management LP	59,21059,210	$290,129	0.08%	NEW
44	MORGAN STANLEY	58,22958,229	$285,323	0.08%	TRIM -57%
45	RHUMBLINE ADVISERS	51,39951,399	$251,846	0.07%	—
46	BANK OF AMERICA CORP /DE/	47,40247,402	$232,270	0.06%	TRIM -8%
47	Belpointe Asset Management LLC	45,60445,604	$223,460	0.06%	NEW
48	MARTINGALE ASSET MANAGEMENT L P	43,90943,909	$215,155	0.06%	ADD 17%
49	XTX Topco Ltd	43,76343,763	$214,439	0.06%	ADD 84%
50	Balyasny Asset Management L.P.	43,20843,208	$211,719	0.06%	NEW
51	MONETA GROUP INVESTMENT ADVISORS LLC	41,86741,867	$205,148	0.06%	—
52	RAYMOND JAMES FINANCIAL INC	40,00040,000	$196,000	0.05%	ADD 21%
53	AlphaCentric Advisors LLC	36,31336,313	$177,934	0.05%	NEW
54	DEUTSCHE BANK AG\	33,30033,300	$163,170	0.05%	ADD 17%
55	HRT FINANCIAL LP	32,01532,015	$156,000	0.04%	NEW
56	Krilogy Financial LLC	30,06530,065	$155,135	0.04%	ADD 25%
57	Creative Planning	31,39831,398	$153,850	0.04%	NEW
58	Janney Montgomery Scott LLC	30,47230,472	$149,000	0.04%	ADD 13%
59	PRICE T ROWE ASSOCIATES INC /MD/	30,11030,110	$148,000	0.04%	ADD 17%
60	Stratos Wealth Advisors, LLC	25,90825,908	$126,949	0.04%	ADD 13%
61	LPL Financial LLC	24,70224,702	$121,040	0.03%	TRIM -14%
62	JPMORGAN CHASE & CO	24,86324,863	$111,386	0.03%	ADD 15%
63	CITIGROUP INC	21,38221,382	$104,772	0.03%	ADD 700%
64	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	21,07321,073	$103,258	0.03%	ADD 5%
65	Quadrature Capital Ltd	21,02321,023	$103,013	0.03%	NEW
66	Invesco Ltd.	20,90720,907	$102,444	0.03%	ADD 39%
67	AXQ CAPITAL, LP	20,86420,864	$102,234	0.03%	NEW
68	AQR CAPITAL MANAGEMENT LLC	18,02818,028	$88,338	0.02%	NEW
69	Taylor Financial Group, Inc.	16,60016,600	$81,340	0.02%	ADD 22%
70	WELLS FARGO & COMPANY/MN	16,59316,593	$81,306	0.02%	TRIM -78%
71	MetLife Investment Management, LLC	16,19916,199	$79,375	0.02%	TRIM -17%
72	Boreal Capital Management LLC	16,00016,000	$78,400	0.02%	—
73	SIMPLEX TRADING, LLC	13,21613,216	$64,758	0.02%	NEW
74	China Universal Asset Management Co., Ltd.	12,99812,998	$63,690	0.02%	ADD 45%
75	MANUFACTURERS LIFE INSURANCE COMPANY, THE	12,99312,993	$63,666	0.02%	TRIM -5%
76	RENAISSANCE TECHNOLOGIES LLC	12,78012,780	$62,622	0.02%	NEW
77	Vanguard Global Advisers, LLC	12,72512,725	$62,353	0.02%	NEW
78	MIRABELLA FINANCIAL SERVICES LLP	12,48912,489	$61,196	0.02%	NEW
79	Brevan Howard Capital Management LP	11,82111,821	$57,923	0.02%	NEW
80	INTECH INVESTMENT MANAGEMENT LLC	11,78711,787	$57,756	0.02%	TRIM -34%
81	BARCLAYS PLC	11,69911,699	$57,325	0.02%	TRIM -83%
82	Police & Firemen's Retirement System of New Jersey	11,20411,204	$54,900	0.02%	—
83	BNP PARIBAS FINANCIAL MARKETS	10,52910,529	$51,592	0.01%	ADD 6%
84	MML INVESTORS SERVICES, LLC	10,32510,325	$50,593	0.01%	NEW
85	GROUP ONE TRADING LLC	8,7608,760	$42,924	0.01%	—
86	OSAIC HOLDINGS, INC.	6,3746,374	$31,232	0.01%	—
87	BARTLETT & CO. WEALTH MANAGEMENT LLC	3,5203,520	$26,506	0.00%	NEW
88	Ameritas Investment Partners, Inc.	4,0164,016	$19,678	0.01%	—
89	Mirae Asset Global Investments Co., Ltd.	3,8213,821	$18,723	0.01%	ADD 43%
90	Russell Investments Group, Ltd.	3,7003,700	$18,130	0.01%	TRIM -11%
91	Legal & General Group Plc	3,5813,581	$17,547	0.00%	TRIM -15%
92	Tower Research Capital LLC (TRC)	2,9812,981	$14,607	0.00%	ADD 59%
93	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	2,3722,372	$11,623	0.00%	TRIM -12%
94	NEW YORK STATE COMMON RETIREMENT FUND	1,7001,700	$8,330	0.00%	—
95	TrinityBridge Ltd	1,3501,350	$7,000	0.00%	—
96	GF FUND MANAGEMENT CO. LTD.	1,2241,224	$5,998	0.00%	ADD 14%
97	JONES FINANCIAL COMPANIES LLLP	1,0201,020	$4,906	0.00%	—
98	US BANCORP \DE\	731731	$3,582	0.00%	NEW
99	Steward Partners Investment Advisory, LLC	677677	$3,317	0.00%	NEW
100	ROYAL BANK OF CANADA	600600	$3,000	0.00%	TRIM -67%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

FMR LLC

3.9M

7.1M

8.2M

11.0M

$54M

RTW INVESTMENTS, LP

—

6.4M

$31M

ACORN CAPITAL ADVISORS, LLC

1.9M

2.2M

2.6M

3.5M

$17M

BlackRock, Inc.

1.2M

1.8M

2.3M

2.4M

2.9M

3.1M

$15M

Saturn V Capital Management LP

—

2.9M

$14M

Portolan Capital Management, LLC

754K

881K

1.6M

1.4M

1.7M

2.9M

$14M

VANGUARD CAPITAL MANAGEMENT LLC

—

2.5M

$12M

Vestal Point Capital, LP

—

1.1M

$6M

MILLENNIUM MANAGEMENT LLC

32K

209K

—

137K

—

1.1M

$5M

GEODE CAPITAL MANAGEMENT, LLC

455K

687K

904K

928K

978K

1.0M

$5M

Halter Ferguson Financial Inc.

681K

693K

777K

698K

748K

904K

$4M

STATE STREET CORP

561K

563K

652K

689K

792K

819K

$4M

HEIGHTS CAPITAL MANAGEMENT, INC

30K

—

775K

$4M

Sands Capital Alternatives, LLC

406K

$2M

NORTHERN TRUST CORP

165K

236K

288K

307K

295K

323K

$2M

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	114	43,429,246	59.3%	$213M
2025-Q4	84	23,634,061	32.3%	$134M
2025-Q3	81	22,686,313	31.0%	$116M
2025-Q2	78	23,051,662	31.5%	$117M
2025-Q1	82	21,190,163	28.9%	$120M
2024-Q4	71	18,011,077	24.6%	$156M
2024-Q3	52	6,702,323	9.1%	$46M
2024-Q2	45	5,981,119	8.2%	$37M
2024-Q1	20	3,780,548	5.2%	$6M
2023-Q4	22	4,027,399	5.5%	$6M
2023-Q3	20	5,258,158	7.2%

Short interest has its own tab now — open SI →

Activists & large holders· Schedule 13D/G beneficial owners · CADL

Large holders — 13G, passive (top 1 by % of class)

Holder

% of class

Type

As of

BlackRock, Inc.

6.6%

QII

2026-06-30

SEC →

CADL US Equity☆

Institutional ownership· 13F filers holding CADL · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · CADL

Institutional ownership· 13F filers holding CADL · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · CADL

CADL US Equity