| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | Sands Capital Alternatives, LLC | 13,018,96513.0M | $22M | 9.86% | — |
| 2 | Soleus Capital Management, L.P. | 10,875,00010.9M | $18M | 8.24% | — |
| 3 | Fairmount Funds Management LLC | 8,625,0008.6M | $14M | 6.53% | — |
| 4 | Trails Edge Capital Partners, LP | 8,057,3458.1M | $14M | 6.10% | ADD 30% |
| 5 | ADAR1 Capital Management, LLC | 6,606,5726.6M | $11M | 5.00% | TRIM -18% |
| 6 | Kalehua Capital Management LLC | 6,494,4986.5M | $11M | 4.92% | ADD 271% |
| 7 | BlackRock, Inc. | 6,303,4336.3M | $11M | 4.77% | ADD 91% |
| 8 | Blackstone Inc. | 5,938,2765.9M | $10M | 4.50% | — |
| 9 | Siren, L.L.C. | 5,850,0005.8M | $10M | 4.43% | — |
| 10 | Commodore Capital LP | 5,397,4885.4M | $9M | 4.09% | — |
| 11 | VANGUARD CAPITAL MANAGEMENT LLC | 4,450,6654.5M | $7M | 3.37% | NEW† |
| 12 | Saturn V Capital Management LP | 3,863,4453.9M | $6M | 2.93% | — |
| 13 | Spruce Street Capital LP | 3,581,6033.6M | $6M | 2.71% | — |
| 14 | Squadron Capital Management LLC | 3,500,0003.5M | $6M | 2.65% | TRIM -17% |
| 15 | MILLENNIUM MANAGEMENT LLC | 2,928,0772.9M | $5M | 2.22% | ADD 1624% |
| 16 | Nantahala Capital Management, LLC | 2,701,8632.7M | $5M | 2.05% | TRIM -31% |
| 17 | PERCEPTIVE ADVISORS LLC | 2,315,0002.3M | $4M | 1.75% | TRIM -57% |
| 18 | GEODE CAPITAL MANAGEMENT, LLC | 2,170,1862.2M | $4M | 1.64% | ADD 92% |
| 19 | STATE STREET CORP | 1,685,8161.7M | $3M | 1.28% | ADD 204% |
| 20 | SummitTX Capital, L.P. | 1,524,5361.5M | $3M | 1.15% | NEW |
| 21 | Integral Health Asset Management, LLC | 1,350,0001.4M | $2M | 1.02% | TRIM -23% |
| 22 | Ally Bridge Group (NY) LLC | 1,325,0001.3M | $2M | 1.00% | NEW |
| 23 | CITADEL ADVISORS LLC | 1,102,5851.1M | $2M | 0.84% | TRIM -11% |
| 24 | Stonepine Capital Management, LLC | 957,202957,202 | $2M | 0.72% | TRIM -59% |
| 25 | TWO SIGMA INVESTMENTS, LP | 847,611847,611 | $1M | 0.64% | NEW |
| 26 | NORTHERN TRUST CORP | 718,800718,800 | $1M | 0.54% | ADD 123% |
| 27 | VANGUARD PORTFOLIO MANAGEMENT LLC | 617,730617,730 | $1M | 0.47% | NEW |
| 28 | VANGUARD FIDUCIARY TRUST CO | 566,999566,999 | $952,558 | 0.43% | NEW |
| 29 | Nuveen, LLC | 472,399472,399 | $793,630 | 0.36% | ADD 501% |
| 30 | Seven Fleet Capital Management LP | 325,600325,600 | $547,008 | 0.25% | TRIM -39% |
| 31 | BANK OF AMERICA CORP /DE/ | 322,704322,704 | $542,143 | 0.24% | ADD 595% |
| 32 | JPMORGAN CHASE & CO | 328,518328,518 | $519,058 | 0.25% | ADD 1222% |
| 33 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 235,414235,414 | $395,496 | 0.18% | ADD 55% |
| 34 | UBS Group AG | 228,151228,151 | $383,293 | 0.17% | ADD 141% |
| 35 | Rangeley Capital, LLC | 220,000220,000 | $369,600 | 0.17% | NEW |
| 36 | Bank of New York Mellon Corp | 213,208213,208 | $358,189 | 0.16% | ADD 55% |
| 37 | AQR CAPITAL MANAGEMENT LLC | 172,013172,013 | $288,982 | 0.13% | NEW |
| 38 | MORGAN STANLEY | 164,259164,259 | $275,956 | 0.12% | ADD 106% |
| 39 | BLAIR WILLIAM & CO/IL | 157,988157,988 | $265,420 | 0.12% | ADD 3% |
| 40 | GOLDMAN SACHS GROUP INC | 149,857149,857 | $251,760 | 0.11% | ADD 76% |
| 41 | ALGERT GLOBAL LLC | 133,830133,830 | $225,000 | 0.10% | NEW |
| 42 | DEUTSCHE BANK AG\ | 122,442122,442 | $205,703 | 0.09% | ADD 123% |
| 43 | FMR LLC | 71,96371,963 | $120,898 | 0.05% | ADD 25% |
| 44 | MetLife Investment Management, LLC | 62,91362,913 | $105,694 | 0.05% | NEW |
| 45 | RHUMBLINE ADVISERS | 58,71758,717 | $98,639 | 0.04% | ADD 24% |
| 46 | PRICE T ROWE ASSOCIATES INC /MD/ | 50,87450,874 | $86,000 | 0.04% | ADD 66% |
| 47 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 50,28450,284 | $84,477 | 0.04% | ADD 74% |
| 48 | SEI INVESTMENTS CO | 47,96247,962 | $80,576 | 0.04% | NEW |
| 49 | NEW YORK STATE COMMON RETIREMENT FUND | 47,90047,900 | $80,472 | 0.04% | — |
| 50 | WELLS FARGO & COMPANY/MN | 40,53140,531 | $68,092 | 0.03% | TRIM -40% |
| 51 | Point72 Asset Management, L.P. | 40,38340,383 | $67,843 | 0.03% | NEW |
| 52 | XTX Topco Ltd | 38,91438,914 | $65,376 | 0.03% | ADD 92% |
| 53 | Vanguard Global Advisers, LLC | 36,54636,546 | $61,397 | 0.03% | NEW |
| 54 | Quadrature Capital Ltd | 36,06236,062 | $60,584 | 0.03% | NEW |
| 55 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 35,10035,100 | $58,968 | 0.03% | ADD 63% |
| 56 | Invesco Ltd. | 34,35734,357 | $57,719 | 0.03% | ADD 6% |
| 57 | JONES FINANCIAL COMPANIES LLLP | 32,20032,200 | $54,096 | 0.02% | NEW |
| 58 | Squarepoint Ops LLC | 30,98930,989 | $52,062 | 0.02% | NEW |
| 59 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 28,77328,773 | $48,339 | 0.02% | NEW |
| 60 | CAXTON CORP | 28,45328,453 | $47,801 | 0.02% | — |
| 61 | INTECH INVESTMENT MANAGEMENT LLC | 26,88426,884 | $45,165 | 0.02% | — |
| 62 | FIFTH LANE CAPITAL, LP | 24,89624,896 | $41,825 | 0.02% | NEW |
| 63 | Virtu Financial LLC | 24,60724,607 | $41,000 | 0.02% | ADD 8% |
| 64 | CCG WEALTH MANAGEMENT, LLC | 24,11824,118 | $40,518 | 0.02% | NEW |
| 65 | BNP PARIBAS FINANCIAL MARKETS | 22,74422,744 | $38,210 | 0.02% | ADD 76% |
| 66 | BARCLAYS PLC | 21,34821,348 | $35,865 | 0.02% | TRIM -77% |
| 67 | Balyasny Asset Management L.P. | 17,67417,674 | $29,692 | 0.01% | NEW |
| 68 | Police & Firemen's Retirement System of New Jersey | 17,63817,638 | $29,632 | 0.01% | — |
| 69 | Tower Research Capital LLC (TRC) | 17,35417,354 | $29,155 | 0.01% | ADD 167% |
| 70 | VOYA INVESTMENT MANAGEMENT LLC | 16,93416,934 | $28,449 | 0.01% | ADD 29% |
| 71 | RENAISSANCE TECHNOLOGIES LLC | 16,50016,500 | $27,720 | 0.01% | NEW |
| 72 | CWM, LLC | 16,41916,419 | $27,584 | 0.01% | ADD 22392% |
| 73 | TRANSCEND CAPITAL ADVISORS, LLC | 16,10716,107 | $27,060 | 0.01% | NEW |
| 74 | IEQ CAPITAL, LLC | 15,84715,847 | $26,623 | 0.01% | NEW |
| 75 | ProShare Advisors LLC | 15,53715,537 | $26,103 | 0.01% | ADD 41% |
| 76 | SG Americas Securities, LLC | 15,48015,480 | $26,000 | 0.01% | NEW |
| 77 | PRUDENTIAL FINANCIAL INC | 15,18015,180 | $25,502 | 0.01% | NEW |
| 78 | Abel Hall, LLC | 14,56314,563 | $24,466 | 0.01% | NEW |
| 79 | Focus Partners Advisor Solutions, LLC | 11,88611,886 | $19,968 | 0.01% | ADD 11% |
| 80 | VICTORY CAPITAL MANAGEMENT INC | 10,55210,552 | $17,727 | 0.01% | TRIM -7% |
| 81 | U.S. Capital Wealth Advisors, LLC | 10,00010,000 | $16,800 | 0.01% | NEW |
| 82 | Legal & General Group Plc | 9,4049,404 | $15,799 | 0.01% | ADD 71% |
| 83 | Russell Investments Group, Ltd. | 6,5176,517 | $10,948 | 0.00% | TRIM -40% |
| 84 | Ameritas Investment Partners, Inc. | 6,1746,174 | $10,372 | 0.00% | — |
| 85 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 5,8835,883 | $9,883 | 0.00% | ADD 58% |
| 86 | Pinnacle Wealth Planning Services, Inc. | 5,4005,400 | $9,072 | 0.00% | — |
| 87 | CITIGROUP INC | 5,0325,032 | $8,453 | 0.00% | ADD 53% |
| 88 | OSAIC HOLDINGS, INC. | 4,0004,000 | $6,720 | 0.00% | NEW |
| 89 | Sterling Capital Management LLC | 3,2793,279 | $5,509 | 0.00% | — |
| 90 | Essential Partners LLC | 2,6022,602 | $4,371 | 0.00% | NEW |
| 91 | ROYAL BANK OF CANADA | 1,6141,614 | $3,000 | 0.00% | TRIM -76% |
| 92 | GAMMA Investing LLC | 411411 | $690 | 0.00% | NEW |
| 93 | Allworth Financial LP | 383383 | $644 | 0.00% | ADD 38200% |
| 94 | Caitong International Asset Management Co., Ltd | 261261 | $438 | 0.00% | NEW |
| 95 | EverSource Wealth Advisors, LLC | 213213 | $357 | 0.00% | ADD 5225% |
| 96 | MAI Capital Management | 9191 | $153 | 0.00% | NEW |
| 97 | PNC FINANCIAL SERVICES GROUP, INC. | 8181 | $136 | 0.00% | TRIM -20% |
| 98 | Farther Finance Advisors, LLC | 6969 | $125 | 0.00% | NEW |
| 99 | Arax Advisory Partners | 4949 | $82 | 0.00% | NEW |
| 100 | True Wealth Design, LLC | 4343 | $73 | 0.00% | NEW |
† 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 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| Sands Capital Alternatives, LLC | 10.9M | 10.9M | 10.9M | 10.9M | 13.0M | 13.0M | $22M |
| Soleus Capital Management, L.P. | 6.3M | 6.3M | 6.3M | 6.3M | 10.9M | 10.9M | $18M |
| Fairmount Funds Management LLC | 6.1M | 6.1M | 6.1M | 6.1M | 8.6M | 8.6M | $14M |
| Trails Edge Capital Partners, LP | — | — | — | — | 6.2M | 8.1M | $14M |
| ADAR1 Capital Management, LLC | 5.1M | 5.1M | 5.1M | 5.2M | 8.1M | 6.6M | $11M |
| Kalehua Capital Management LLC | — | — | — | — | 1.8M | 6.5M | $11M |
| BlackRock, Inc. | 335K | 424K | 2.7M | 3.1M | 3.3M | 6.3M | $11M |
| Blackstone Inc. | 2.1M | 2.1M | 2.6M | 2.6M | 5.9M | 5.9M | $10M |
| Siren, L.L.C. | — | — | — | — | 5.8M | 5.8M | $10M |
| Commodore Capital LP | 5.9M | 5.3M | 5.4M | 5.4M | 5.4M | 5.4M | $9M |
| VANGUARD CAPITAL MANAGEMENT LLC | — | — | — | — | — | 4.5M | $7M |
| Saturn V Capital Management LP | — | — | — | — | 3.9M | 3.9M | $6M |
| Spruce Street Capital LP | — | — | — | — | 3.6M | 3.6M | $6M |
| Squadron Capital Management LLC | — | — | — | — | 4.2M | 3.5M | $6M |
| MILLENNIUM MANAGEMENT LLC | 142K | 914K | — | — | 170K | 2.9M | $5M |
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.
Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding divides each quarter's as-filed 13F shares by the SEC cover-page share count dated to that same quarter (split-adjusted), not by today's count — so splits and buybacks don't move the line.
| Quarter | Holders | Shares held | % shares out | Value held |
|---|
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.
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).
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| Kalehua Capital Management LLC | +4,744,498 | $8M | ADD |
| VANGUARD CAPITAL MANAGEMENT LLC | +4,450,665 | $7M | OPEN |
| BlackRock, Inc. | +2,997,859 | $5M | ADD |
| MILLENNIUM MANAGEMENT LLC | +2,758,227 | $5M | ADD |
| Trails Edge Capital Partners, LP | +1,879,221 | $3M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| VANGUARD GROUP INC | −4,558,604 | $8M | CLOSE |
| PERCEPTIVE ADVISORS LLC | −3,106,568 | $5M | TRIM |
| ADAR1 Capital Management, LLC | −1,457,377 | $2M | TRIM |
| Stonepine Capital Management, LLC | −1,390,945 | $2M | TRIM |
| AMERIPRISE FINANCIAL INC | −1,376,395 | $2M | CLOSE |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| 2026-Q1 | 104 | 117,816,841 | 89.2% | $198M |
| 2025-Q4 | 74 | 106,415,335 | — | $218M |
| 2025-Q3 | 54 | 55,014,727 | 73.8% | $89M |
| 2025-Q2 | 48 | 54,516,967 | 73.3% | $106M |
| 2025-Q1 | 47 | 51,462,756 | 69.2% | $113M |
| 2024-Q4 | 31 | 50,074,150 | 74.5% | $163M |
| 2024-Q3 | 11 | 860,232 | 11.5% | $1M |
| 2024-Q2 | 12 | 836,496 | 12.9% | $1M |
| 2024-Q1 | 12 | 208,892 | 3.2% | $450,984 |
| 2023-Q4 | 11 | 236,671 | 3.8% | $301,042 |
| 2023-Q3 | 13 | 429,662 | 8.0% | $597,627 |
| 2023-Q2 | 14 | 760,940 | 14.4% | $3M |
| 2023-Q1 | 17 | 4,503,928 | 15.5% | $3M |
| 2022-Q4 | 19 | 1,440,673 | 5.7% | $719,406 |
| 2022-Q3 | 24 | 3,058,800 | 12.1% | $3M |
| 2022-Q2 | 22 | 3,350,964 | 13.3% | $2M |
| 2022-Q1 | 24 | 4,275,524 | 16.9% | $6M |
| 2021-Q4 | 26 | 4,659,203 | 18.5% | $7M |
| 2021-Q3 | 21 | 4,098,370 | 16.3% | $8M |
| 2021-Q2 | 14 | 3,794,694 | 37.7% | $11M |
| 2021-Q1 | 9 | 162,621 | 1.6% | $975,000 |
| 2020-Q4 | 5 | 135,050 | 1.3% | $936,000 |
