FDMT US Equity

4D Molecular Therapeutics, Inc.

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Health Care · Biological Products, (No Diagnostic Substances) · CIK 1650648 · FYE 1231

$9.61

-0.24 (-2.44%)

USD · as of 2026-07-29 · marketstack

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

152 holders

% of shares outstanding held

102.2%

Shares held (13F)

50,862,298

Reporting holders

152

Institutional 13F holdings sum to 102.2% of shares outstanding. Readings above 100% reflect securities-lending double counting: shares on loan to short sellers are reported long by both the lending institution and the one that bought them. FINRA short interest of 11,990,069 shares (settlement 2026-04-30) accounts for the excess.

Top holders

largest 100 of 152 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	JANUS HENDERSON GROUP PLC	5,247,1515.2M	$49M	10.54%	ADD 13%
2	RA CAPITAL MANAGEMENT, L.P.	5,049,7795.0M	$47M	10.14%	TRIM -11%
3	GOLDMAN SACHS GROUP INC	4,205,4384.2M	$39M	8.45%	TRIM -2%
4	BlackRock, Inc.	4,145,3034.1M	$39M	8.33%	—
5	NOVO HOLDINGS A/S	3,650,7373.7M	$34M	7.33%	—
6	BVF INC/IL	2,879,2892.9M	$27M	5.78%	TRIM -38%
7	STATE STREET CORP	2,707,8752.7M	$25M	5.44%	—
8	VANGUARD CAPITAL MANAGEMENT LLC	2,195,5782.2M	$20M	4.41%	NEW†
9	ARMISTICE CAPITAL, LLC	2,000,0002.0M	$19M	4.02%	ADD 3%
10	ADAGE CAPITAL PARTNERS GP, L.L.C.	1,605,1561.6M	$15M	3.22%	ADD 30%
11	FEDERATED HERMES, INC.	1,432,2601.4M	$13M	2.88%	TRIM -11%
12	Trails Edge Capital Partners, LP	1,302,9171.3M	$12M	2.62%	NEW†
13	GEODE CAPITAL MANAGEMENT, LLC	1,065,3451.1M	$10M	2.14%	ADD 5%
14	BANK OF AMERICA CORP /DE/	974,173974,173	$9M	1.96%	ADD 17%
15	Evergreen Quality Fund GP, Ltd.	951,474951,474	$9M	1.91%	—
16	DEUTSCHE BANK AG\	708,044708,044	$7M	1.42%	—
17	RENAISSANCE TECHNOLOGIES LLC	578,265578,265	$5M	1.16%	ADD 13%
18	Nuveen, LLC	561,805561,805	$5M	1.13%	ADD 254%
19	VANGUARD PORTFOLIO MANAGEMENT LLC	555,829555,829	$5M	1.12%	NEW
20	Parkman Healthcare Partners LLC	522,577522,577	$5M	1.05%	ADD 4%
21	DIMENSIONAL FUND ADVISORS LP	522,823522,823	$5M	1.05%	ADD 77%
22	RTW INVESTMENTS, LP	475,737475,737	$4M	0.96%	—
23	Propel Bio Management, LLC	380,420380,420	$4M	0.76%	NEW
24	JPMORGAN CHASE & CO	415,655415,655	$4M	0.84%	ADD 49%
25	MORGAN STANLEY	345,410345,410	$3M	0.69%	TRIM -49%
26	NORTHERN TRUST CORP	342,034342,034	$3M	0.69%	ADD 9%
27	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	328,379328,379	$3M	0.66%	TRIM -7%
28	Invesco Ltd.	310,684310,684	$3M	0.62%	ADD 103%
29	Burkehill Global Management, LP	275,000275,000	$3M	0.55%	—
30	VANGUARD FIDUCIARY TRUST CO	269,295269,295	$3M	0.54%	NEW
31	RAYMOND JAMES FINANCIAL INC	266,147266,147	$2M	0.53%	TRIM -44%
32	CITADEL ADVISORS LLC	264,096264,096	$2M	0.53%	ADD 1228%
33	ACUTA CAPITAL PARTNERS, LLC	242,255242,255	$2M	0.49%	NEW
34	Peapod Lane Capital LLC	241,480241,480	$2M	0.49%	TRIM -10%
35	ArrowMark Colorado Holdings LLC	202,864202,864	$2M	0.41%	TRIM -58%
36	Woodline Partners LP	200,001200,001	$2M	0.40%	—
37	Privium Fund Management B.V.	170,256170,256	$2M	0.34%	TRIM -19%
38	UBS Group AG	158,120158,120	$1M	0.32%	TRIM -32%
39	Perigon Wealth Management, LLC	146,197146,197	$1M	0.29%	—
40	Bank of New York Mellon Corp	133,607133,607	$1M	0.27%	TRIM -2%
41	Exome Asset Management LLC	130,564130,564	$1M	0.26%	NEW
42	TWO SIGMA INVESTMENTS, LP	124,317124,317	$1M	0.25%	TRIM -63%
43	SUSQUEHANNA INTERNATIONAL GROUP, LLP	124,228124,228	$1M	0.25%	—
44	ADAR1 Capital Management, LLC	116,712116,712	$1M	0.23%	—
45	Opaleye Management Inc.	112,291112,291	$1M	0.23%	NEW
46	WELLINGTON MANAGEMENT GROUP LLP	108,872108,872	$1M	0.22%	TRIM -16%
47	AMERICAN CENTURY COMPANIES INC	101,511101,511	$945,067	0.20%	ADD 11%
48	Schonfeld Strategic Advisors LLC	101,110101,110	$941,332	0.20%	TRIM -38%
49	XTX Topco Ltd	83,40583,405	$776,501	0.17%	ADD 28%
50	Assenagon Asset Management S.A.	83,33383,333	$775,830	0.17%	TRIM -72%
51	Rafferty Asset Management, LLC	71,39671,396	$664,697	0.14%	TRIM -14%
52	Simplify Asset Management Inc.	70,43070,430	$655,703	0.14%	NEW
53	FMR LLC	70,09770,097	$652,598	0.14%	ADD 7%
54	Squarepoint Ops LLC	62,51362,513	$581,996	0.13%	TRIM -13%
55	RHUMBLINE ADVISERS	54,10154,101	$503,671	0.11%	—
56	BRIDGEWAY CAPITAL MANAGEMENT, LLC	50,00050,000	$465,500	0.10%	—
57	PANAGORA ASSET MANAGEMENT INC	47,32847,328	$440,624	0.10%	—
58	AQR CAPITAL MANAGEMENT LLC	45,77745,777	$426,183	0.09%	ADD 27%
59	VOYA INVESTMENT MANAGEMENT LLC	45,35945,359	$422,293	0.09%	NEW
60	ALLIANCEBERNSTEIN L.P.	55,10055,100	$413,250	0.11%	—
61	Quantinno Capital Management LP	43,52543,525	$405,218	0.09%	TRIM -6%
62	PRICE T ROWE ASSOCIATES INC /MD/	42,44742,447	$396,000	0.09%	ADD 10%
63	JANE STREET GROUP, LLC	39,69439,694	$369,551	0.08%	TRIM -82%
64	Quadrature Capital Ltd	32,52432,524	$302,798	0.07%	NEW
65	Vanguard Global Advisers, LLC	32,24832,248	$300,229	0.06%	NEW
66	PROFUND ADVISORS LLC	31,91131,911	$297,091	0.06%	ADD 3%
67	Rangeley Capital, LLC	31,46531,465	$292,939	0.06%	TRIM -19%
68	Engineers Gate Manager LP	29,40029,400	$273,714	0.06%	TRIM -60%
69	Creative Planning	29,16029,160	$271,480	0.06%	TRIM -34%
70	Man Group plc	28,98328,983	$269,832	0.06%	ADD 7%
71	Susquehanna Portfolio Strategies, LLC	28,49628,496	$265,298	0.06%	ADD 176%
72	COMMONWEALTH EQUITY SERVICES, LLC	28,27428,274	$263,230	0.06%	ADD 41%
73	DekaBank Deutsche Girozentrale	30,00030,000	$261,000	0.06%	—
74	LOS ANGELES CAPITAL MANAGEMENT LLC	27,58927,589	$256,854	0.06%	ADD 145%
75	Virtu Financial LLC	26,36826,368	$245,000	0.05%	NEW
76	CITIGROUP INC	26,18026,180	$243,736	0.05%	ADD 107%
77	BARCLAYS PLC	25,43725,437	$236,818	0.05%	TRIM -85%
78	Y-Intercept (Hong Kong) Ltd	25,42025,420	$236,660	0.05%	NEW
79	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	25,80925,809	$236,539	0.05%	ADD 10%
80	Virtus Investment Advisers, LLC	25,15425,154	$234,184	0.05%	ADD 2%
81	STRS OHIO	25,10025,100	$233,681	0.05%	—
82	Peloton Wealth Strategists	25,00025,000	$233,000	0.05%	—
83	TRUIST FINANCIAL CORP	25,00025,000	$232,750	0.05%	—
84	MetLife Investment Management, LLC	24,60124,601	$229,035	0.05%	—
85	Kera Capital Partners, Inc.	24,06824,068	$224,073	0.05%	—
86	D. E. Shaw & Co., Inc.	24,03024,030	$223,719	0.05%	TRIM -79%
87	Mitsubishi UFJ Asset Management Co., Ltd.	23,27023,270	$216,644	0.05%	TRIM -2%
88	STATE OF WISCONSIN INVESTMENT BOARD	22,95622,956	$213,720	0.05%	NEW
89	SIMPLEX TRADING, LLC	21,66021,660	$201,654	0.04%	NEW
90	EntryPoint Capital, LLC	21,60221,602	$201,115	0.04%	TRIM -3%
91	ACADIAN ASSET MANAGEMENT LLC	20,10920,109	$186,000	0.04%	TRIM -33%
92	Landing Point Financial Group, LLC	19,00019,000	$176,890	0.04%	—
93	WELLS FARGO & COMPANY/MN	18,30918,309	$170,457	0.04%	TRIM -61%
94	Parallel Advisors, LLC	17,88717,887	$166,528	0.04%	—
95	Rockefeller Capital Management L.P.	17,85417,854	$166,221	0.04%	—
96	MARSHALL WACE, LLP	16,72816,728	$155,738	0.03%	TRIM -40%
97	Ballentine Partners, LLC	16,35916,359	$152,302	0.03%	—
98	Headlands Technologies LLC	15,95615,956	$148,550	0.03%	NEW
99	ExodusPoint Capital Management, LP	15,52915,529	$144,575	0.03%	TRIM -60%
100	BNP PARIBAS FINANCIAL MARKETS	13,28313,283	$123,665	0.03%	ADD 121%

† 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

JANUS HENDERSON GROUP PLC

2.3M

1.9M

1.8M

4.6M

5.2M

$49M

RA CAPITAL MANAGEMENT, L.P.

4.6M

5.7M

5.0M

$47M

GOLDMAN SACHS GROUP INC

4.3M

4.2M

4.1M

4.3M

4.2M

$39M

BlackRock, Inc.

4.9M

4.5M

4.0M

3.9M

4.1M

$39M

NOVO HOLDINGS A/S

1.5M

1.9M

2.0M

3.7M

$34M

BVF INC/IL

2.7M

4.6M

2.9M

$27M

STATE STREET CORP

1.1M

1.0M

962K

904K

2.7M

$25M

VANGUARD CAPITAL MANAGEMENT LLC

—

2.2M

$20M

ARMISTICE CAPITAL, LLC

300K

1.1M

1.9M

2.0M

$19M

ADAGE CAPITAL PARTNERS GP, L.L.C.

—

175K

1.2M

1.6M

$15M

FEDERATED HERMES, INC.

1.3M

1.7M

1.6M

1.4M

$13M

Trails Edge Capital Partners, LP

—

1.3M

$12M

GEODE CAPITAL MANAGEMENT, LLC

1.0M

963K

919K

914K

1.0M

1.1M

$10M

BANK OF AMERICA CORP /DE/

385K

698K

897K

819K

833K

974K

$9M

Evergreen Quality Fund GP, Ltd.

—

951K

$9M

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	152	50,862,298	102.2%	$473M
2025-Q4	152	53,424,443	107.3%	$402M
2025-Q3	134	40,063,391	80.5%	$350M
2025-Q2	121	40,572,271	81.5%	$152M
2025-Q1	126	43,103,068	86.6%	$141M
2024-Q4	146	46,845,088	94.1%	$262M
2024-Q3	140	58,551,810	—	$634M
2024-Q2	143	57,683,090	—	$1.2B
2024-Q1	147	59,852,539	—	$1.9B
2023-Q4	111	44,431,112	89.3%	$900M

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 · FDMT

Large holders — 13G, passive (top 5 of 10 by % of class)

Holder

% of class

Type

As of

JANUS HENDERSON GROUP PLC

10.3%

QII

2026-03-31

SEC →

BIOTECHNOLOGY VALUE FUND L P

9.99%

Passive

2026-03-31

SEC →

RA CAPITAL MANAGEMENT, L.P.

9.9%

Passive

2026-03-31

SEC →

GOLDMAN SACHS GROUP INC

7.5%

QII

2025-12-31

SEC →

BlackRock, Inc.

6.6%

QII

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

152 holders

% of shares outstanding held

102.2%

Shares held (13F)

50,862,298

Reporting holders

152

Top holders

largest 100 of 152 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	JANUS HENDERSON GROUP PLC	5,247,1515.2M	$49M	10.54%	ADD 13%
2	RA CAPITAL MANAGEMENT, L.P.	5,049,7795.0M	$47M	10.14%	TRIM -11%
3	GOLDMAN SACHS GROUP INC	4,205,4384.2M	$39M	8.45%	TRIM -2%
4	BlackRock, Inc.	4,145,3034.1M	$39M	8.33%	—
5	NOVO HOLDINGS A/S	3,650,7373.7M	$34M	7.33%	—
6	BVF INC/IL	2,879,2892.9M	$27M	5.78%	TRIM -38%
7	STATE STREET CORP	2,707,8752.7M	$25M	5.44%	—
8	VANGUARD CAPITAL MANAGEMENT LLC	2,195,5782.2M	$20M	4.41%	NEW†
9	ARMISTICE CAPITAL, LLC	2,000,0002.0M	$19M	4.02%	ADD 3%
10	ADAGE CAPITAL PARTNERS GP, L.L.C.	1,605,1561.6M	$15M	3.22%	ADD 30%
11	FEDERATED HERMES, INC.	1,432,2601.4M	$13M	2.88%	TRIM -11%
12	Trails Edge Capital Partners, LP	1,302,9171.3M	$12M	2.62%	NEW†
13	GEODE CAPITAL MANAGEMENT, LLC	1,065,3451.1M	$10M	2.14%	ADD 5%
14	BANK OF AMERICA CORP /DE/	974,173974,173	$9M	1.96%	ADD 17%
15	Evergreen Quality Fund GP, Ltd.	951,474951,474	$9M	1.91%	—
16	DEUTSCHE BANK AG\	708,044708,044	$7M	1.42%	—
17	RENAISSANCE TECHNOLOGIES LLC	578,265578,265	$5M	1.16%	ADD 13%
18	Nuveen, LLC	561,805561,805	$5M	1.13%	ADD 254%
19	VANGUARD PORTFOLIO MANAGEMENT LLC	555,829555,829	$5M	1.12%	NEW
20	Parkman Healthcare Partners LLC	522,577522,577	$5M	1.05%	ADD 4%
21	DIMENSIONAL FUND ADVISORS LP	522,823522,823	$5M	1.05%	ADD 77%
22	RTW INVESTMENTS, LP	475,737475,737	$4M	0.96%	—
23	Propel Bio Management, LLC	380,420380,420	$4M	0.76%	NEW
24	JPMORGAN CHASE & CO	415,655415,655	$4M	0.84%	ADD 49%
25	MORGAN STANLEY	345,410345,410	$3M	0.69%	TRIM -49%
26	NORTHERN TRUST CORP	342,034342,034	$3M	0.69%	ADD 9%
27	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	328,379328,379	$3M	0.66%	TRIM -7%
28	Invesco Ltd.	310,684310,684	$3M	0.62%	ADD 103%
29	Burkehill Global Management, LP	275,000275,000	$3M	0.55%	—
30	VANGUARD FIDUCIARY TRUST CO	269,295269,295	$3M	0.54%	NEW
31	RAYMOND JAMES FINANCIAL INC	266,147266,147	$2M	0.53%	TRIM -44%
32	CITADEL ADVISORS LLC	264,096264,096	$2M	0.53%	ADD 1228%
33	ACUTA CAPITAL PARTNERS, LLC	242,255242,255	$2M	0.49%	NEW
34	Peapod Lane Capital LLC	241,480241,480	$2M	0.49%	TRIM -10%
35	ArrowMark Colorado Holdings LLC	202,864202,864	$2M	0.41%	TRIM -58%
36	Woodline Partners LP	200,001200,001	$2M	0.40%	—
37	Privium Fund Management B.V.	170,256170,256	$2M	0.34%	TRIM -19%
38	UBS Group AG	158,120158,120	$1M	0.32%	TRIM -32%
39	Perigon Wealth Management, LLC	146,197146,197	$1M	0.29%	—
40	Bank of New York Mellon Corp	133,607133,607	$1M	0.27%	TRIM -2%
41	Exome Asset Management LLC	130,564130,564	$1M	0.26%	NEW
42	TWO SIGMA INVESTMENTS, LP	124,317124,317	$1M	0.25%	TRIM -63%
43	SUSQUEHANNA INTERNATIONAL GROUP, LLP	124,228124,228	$1M	0.25%	—
44	ADAR1 Capital Management, LLC	116,712116,712	$1M	0.23%	—
45	Opaleye Management Inc.	112,291112,291	$1M	0.23%	NEW
46	WELLINGTON MANAGEMENT GROUP LLP	108,872108,872	$1M	0.22%	TRIM -16%
47	AMERICAN CENTURY COMPANIES INC	101,511101,511	$945,067	0.20%	ADD 11%
48	Schonfeld Strategic Advisors LLC	101,110101,110	$941,332	0.20%	TRIM -38%
49	XTX Topco Ltd	83,40583,405	$776,501	0.17%	ADD 28%
50	Assenagon Asset Management S.A.	83,33383,333	$775,830	0.17%	TRIM -72%
51	Rafferty Asset Management, LLC	71,39671,396	$664,697	0.14%	TRIM -14%
52	Simplify Asset Management Inc.	70,43070,430	$655,703	0.14%	NEW
53	FMR LLC	70,09770,097	$652,598	0.14%	ADD 7%
54	Squarepoint Ops LLC	62,51362,513	$581,996	0.13%	TRIM -13%
55	RHUMBLINE ADVISERS	54,10154,101	$503,671	0.11%	—
56	BRIDGEWAY CAPITAL MANAGEMENT, LLC	50,00050,000	$465,500	0.10%	—
57	PANAGORA ASSET MANAGEMENT INC	47,32847,328	$440,624	0.10%	—
58	AQR CAPITAL MANAGEMENT LLC	45,77745,777	$426,183	0.09%	ADD 27%
59	VOYA INVESTMENT MANAGEMENT LLC	45,35945,359	$422,293	0.09%	NEW
60	ALLIANCEBERNSTEIN L.P.	55,10055,100	$413,250	0.11%	—
61	Quantinno Capital Management LP	43,52543,525	$405,218	0.09%	TRIM -6%
62	PRICE T ROWE ASSOCIATES INC /MD/	42,44742,447	$396,000	0.09%	ADD 10%
63	JANE STREET GROUP, LLC	39,69439,694	$369,551	0.08%	TRIM -82%
64	Quadrature Capital Ltd	32,52432,524	$302,798	0.07%	NEW
65	Vanguard Global Advisers, LLC	32,24832,248	$300,229	0.06%	NEW
66	PROFUND ADVISORS LLC	31,91131,911	$297,091	0.06%	ADD 3%
67	Rangeley Capital, LLC	31,46531,465	$292,939	0.06%	TRIM -19%
68	Engineers Gate Manager LP	29,40029,400	$273,714	0.06%	TRIM -60%
69	Creative Planning	29,16029,160	$271,480	0.06%	TRIM -34%
70	Man Group plc	28,98328,983	$269,832	0.06%	ADD 7%
71	Susquehanna Portfolio Strategies, LLC	28,49628,496	$265,298	0.06%	ADD 176%
72	COMMONWEALTH EQUITY SERVICES, LLC	28,27428,274	$263,230	0.06%	ADD 41%
73	DekaBank Deutsche Girozentrale	30,00030,000	$261,000	0.06%	—
74	LOS ANGELES CAPITAL MANAGEMENT LLC	27,58927,589	$256,854	0.06%	ADD 145%
75	Virtu Financial LLC	26,36826,368	$245,000	0.05%	NEW
76	CITIGROUP INC	26,18026,180	$243,736	0.05%	ADD 107%
77	BARCLAYS PLC	25,43725,437	$236,818	0.05%	TRIM -85%
78	Y-Intercept (Hong Kong) Ltd	25,42025,420	$236,660	0.05%	NEW
79	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	25,80925,809	$236,539	0.05%	ADD 10%
80	Virtus Investment Advisers, LLC	25,15425,154	$234,184	0.05%	ADD 2%
81	STRS OHIO	25,10025,100	$233,681	0.05%	—
82	Peloton Wealth Strategists	25,00025,000	$233,000	0.05%	—
83	TRUIST FINANCIAL CORP	25,00025,000	$232,750	0.05%	—
84	MetLife Investment Management, LLC	24,60124,601	$229,035	0.05%	—
85	Kera Capital Partners, Inc.	24,06824,068	$224,073	0.05%	—
86	D. E. Shaw & Co., Inc.	24,03024,030	$223,719	0.05%	TRIM -79%
87	Mitsubishi UFJ Asset Management Co., Ltd.	23,27023,270	$216,644	0.05%	TRIM -2%
88	STATE OF WISCONSIN INVESTMENT BOARD	22,95622,956	$213,720	0.05%	NEW
89	SIMPLEX TRADING, LLC	21,66021,660	$201,654	0.04%	NEW
90	EntryPoint Capital, LLC	21,60221,602	$201,115	0.04%	TRIM -3%
91	ACADIAN ASSET MANAGEMENT LLC	20,10920,109	$186,000	0.04%	TRIM -33%
92	Landing Point Financial Group, LLC	19,00019,000	$176,890	0.04%	—
93	WELLS FARGO & COMPANY/MN	18,30918,309	$170,457	0.04%	TRIM -61%
94	Parallel Advisors, LLC	17,88717,887	$166,528	0.04%	—
95	Rockefeller Capital Management L.P.	17,85417,854	$166,221	0.04%	—
96	MARSHALL WACE, LLP	16,72816,728	$155,738	0.03%	TRIM -40%
97	Ballentine Partners, LLC	16,35916,359	$152,302	0.03%	—
98	Headlands Technologies LLC	15,95615,956	$148,550	0.03%	NEW
99	ExodusPoint Capital Management, LP	15,52915,529	$144,575	0.03%	TRIM -60%
100	BNP PARIBAS FINANCIAL MARKETS	13,28313,283	$123,665	0.03%	ADD 121%

† 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

JANUS HENDERSON GROUP PLC

2.3M

1.9M

1.8M

4.6M

5.2M

$49M

RA CAPITAL MANAGEMENT, L.P.

4.6M

5.7M

5.0M

$47M

GOLDMAN SACHS GROUP INC

4.3M

4.2M

4.1M

4.3M

4.2M

$39M

BlackRock, Inc.

4.9M

4.5M

4.0M

3.9M

4.1M

$39M

NOVO HOLDINGS A/S

1.5M

1.9M

2.0M

3.7M

$34M

BVF INC/IL

2.7M

4.6M

2.9M

$27M

STATE STREET CORP

1.1M

1.0M

962K

904K

2.7M

$25M

VANGUARD CAPITAL MANAGEMENT LLC

—

2.2M

$20M

ARMISTICE CAPITAL, LLC

300K

1.1M

1.9M

2.0M

$19M

ADAGE CAPITAL PARTNERS GP, L.L.C.

—

175K

1.2M

1.6M

$15M

FEDERATED HERMES, INC.

1.3M

1.7M

1.6M

1.4M

$13M

Trails Edge Capital Partners, LP

—

1.3M

$12M

GEODE CAPITAL MANAGEMENT, LLC

1.0M

963K

919K

914K

1.0M

1.1M

$10M

BANK OF AMERICA CORP /DE/

385K

698K

897K

819K

833K

974K

$9M

Evergreen Quality Fund GP, Ltd.

—

951K

$9M

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	152	50,862,298	102.2%	$473M
2025-Q4	152	53,424,443	107.3%	$402M
2025-Q3	134	40,063,391	80.5%	$350M
2025-Q2	121	40,572,271	81.5%	$152M
2025-Q1	126	43,103,068	86.6%	$141M
2024-Q4	146	46,845,088	94.1%	$262M
2024-Q3	140	58,551,810	—	$634M
2024-Q2	143	57,683,090	—	$1.2B
2024-Q1	147	59,852,539	—	$1.9B
2023-Q4	111	44,431,112	89.3%	$900M

Short interest has its own tab now — open SI →

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

Large holders — 13G, passive (top 5 of 10 by % of class)

Holder

% of class

Type

As of

JANUS HENDERSON GROUP PLC

10.3%

QII

2026-03-31

SEC →

BIOTECHNOLOGY VALUE FUND L P

9.99%

Passive

2026-03-31

SEC →

RA CAPITAL MANAGEMENT, L.P.

9.9%

Passive

2026-03-31

SEC →

GOLDMAN SACHS GROUP INC

7.5%

QII

2025-12-31

SEC →

BlackRock, Inc.

6.6%

QII

FDMT US Equity☆

Institutional ownership· 13F filers holding FDMT · 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 · FDMT

Institutional ownership· 13F filers holding FDMT · 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 · FDMT

FDMT US Equity