Who owns Candel Therapeutics (CADL)
Which tracked institutional funds hold CADL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CADL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on CADL is one-sided between 2026-Q1 and 2026-Q2: 59 added or opened and 6 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
CADL’s largest tracked holder by dollar value, FMR LLC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in CADL divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 134 tracked filers holding CADL, 100 increased or opened the position and 42 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in CADL between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 12
- MARSHALL WACE, LLP$3M
- WELLINGTON MANAGEMENT GROUP LLP$2M
- D. E. Shaw & Co., Inc.$1M
- Jump Financial, LLC$1M
- Trexquant Investment LP$1M
- Squarepoint Ops LLC$775K
Full exits 6
- Vestal Point Capital, LP$6M
- HEIGHTS CAPITAL MANAGEMENT, INC$4M
- ExodusPoint Capital Management, LP$1M
- JANUS HENDERSON GROUP PLC$845K
- Woodline Partners LP$768K
- Stonepine Capital Management, LLC$502K
Largest adds
- FMR LLC$59M
- BlackRock, Inc.$36M
- RTW INVESTMENTS, LP$35M
- STATE STREET CORP$33M
- Portolan Capital Management, LLC$22M
- Saturn V Capital Management LP$20M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| FMR LLC added | 10,990,535 | $113M | 21.9% | 2026-Q2 |
| RTW INVESTMENTS, LP | 6,422,018 | $66M | 12.8% | 2026-Q2 |
| BlackRock, Inc. added | 4,969,040 | $51M | 9.9% | 2026-Q2 |
| STATE STREET CORP added | 3,549,823 | $37M | 7.1% | 2026-Q2 |
| ACORN CAPITAL ADVISORS, LLC | 3,497,948 | $36M | 7.0% | 2026-Q2 |
| Portolan Capital Management, LLC added | 3,490,398 | $36M | 6.9% | 2026-Q2 |
| Saturn V Capital Management LP added | 3,303,686 | $34M | 6.6% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 2,694,040 | $28M | 5.4% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,571,021 | $16M | 3.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 1,093,905 | $11M | 2.2% | 2026-Q2 |
| Halter Ferguson Financial Inc. trimmed | 772,461 | $8M | 1.5% | 2026-Q2 |
| NORTHERN TRUST CORP added | 492,465 | $5M | 1.0% | 2026-Q2 |
| KENNEDY CAPITAL MANAGEMENT LLC added | 488,291 | $5M | 1.0% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 437,150 | $5M | 0.9% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 412,109 | $4M | 0.8% | 2026-Q2 |
| Sands Capital Alternatives, LLC | 405,837 | $4M | 0.8% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 305,216 | $3M | 0.6% | 2026-Q2 |
| MARSHALL WACE, LLP added | 300,641 | $3M | 0.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 278,944 | $3M | 0.6% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 227,939 | $2M | 0.5% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP added | 205,745 | $2M | 0.4% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 199,454 | $2M | 0.4% | 2026-Q2 |
| Tanager Wealth Management LLP | 198,175 | $2M | 0.4% | 2026-Q2 |
| Bank of New York Mellon Corp added | 191,701 | $2M | 0.4% | 2026-Q2 |
| UBS Group AG added | 169,271 | $2M | 0.3% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 146,016 | $2M | 0.3% | 2026-Q2 |
| Nuveen, LLC added | 142,978 | $1M | 0.3% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 129,183 | $1M | 0.3% | 2026-Q2 |
| MORGAN STANLEY added | 126,145 | $1M | 0.3% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 115,875 | $1M | 0.2% | 2026-Q2 |
| D. E. Shaw & Co., Inc. new | 108,933 | $1M | 0.2% | 2026-Q2 |
| Jump Financial, LLC new | 106,840 | $1M | 0.2% | 2026-Q2 |
| Trexquant Investment LP new | 101,317 | $1M | 0.2% | 2026-Q2 |
| Ghisallo Capital Management LLC trimmed | 100,000 | $1M | 0.2% | 2026-Q2 |
| Kynam Capital Management, LP trimmed | 96,741 | $996K | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 85,510 | $881K | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 78,045 | $804K | 0.2% | 2026-Q2 |
| Squarepoint Ops LLC added | 75,211 | $775K | 0.1% | 2026-Q2 |
| ALPS ADVISORS INC added | 74,363 | $766K | 0.1% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 73,495 | $757K | 0.1% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd new | 68,472 | $705K | 0.1% | 2026-Q2 |
| HB Wealth Management, LLC added | 67,396 | $694K | 0.1% | 2026-Q2 |
| Torrey Growth & Income Advisors trimmed | 66,456 | $740K | 0.1% | 2026-Q2 |
| Creative Planning added | 65,088 | $670K | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 62,941 | $648K | 0.1% | 2026-Q2 |
| COOKSON PEIRCE & CO INC new | 60,000 | $618K | 0.1% | 2026-Q2 |
| Fisher Asset Management, LLC new | 57,800 | $595K | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 57,500 | $592K | 0.1% | 2026-Q2 |
| Rafferty Asset Management, LLC new | 56,260 | $579K | 0.1% | 2026-Q2 |
| Lido Advisors, LLC trimmed | 54,650 | $563K | 0.1% | 2026-Q2 |
| Belpointe Asset Management LLC added | 52,778 | $544K | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 52,732 | $544K | 0.1% | 2026-Q2 |
| MARTINGALE ASSET MANAGEMENT L P added | 50,984 | $525K | 0.1% | 2026-Q2 |
| Militia Capital Management LLC new | 50,100 | $516K | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV new | 49,154 | $506K | 0.1% | 2026-Q2 |
| Birchview Capital, LP trimmed | 47,756 | $492K | 0.1% | 2026-Q2 |
| CARY STREET PARTNERS FINANCIAL LLC new | 43,100 | $444K | 0.1% | 2026-Q2 |
| SEI INVESTMENTS CO new | 42,910 | $442K | 0.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC new | 42,642 | $439K | 0.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 41,932 | $432K | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 40,920 | $201K | 0.0% | 2026-Q2 |
| Walleye Capital LLC new | 40,690 | $419K | 0.1% | 2026-Q2 |
| BARCLAYS PLC added | 39,440 | $406K | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 39,227 | $404K | 0.1% | 2026-Q2 |
| Virtus Investment Advisers, LLC new | 38,224 | $394K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 37,970 | $391K | 0.1% | 2026-Q2 |
| Invesco Ltd. added | 37,713 | $388K | 0.1% | 2026-Q2 |
| WINTON GROUP Ltd new | 37,300 | $384K | 0.1% | 2026-Q2 |
| AlphaCentric Advisors LLC added | 36,683 | $378K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 36,214 | $373K | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 35,720 | $368K | 0.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 32,731 | $337K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 32,634 | $338K | 0.1% | 2026-Q2 |
| AXQ CAPITAL, LP added | 31,460 | $324K | 0.1% | 2026-Q2 |
| Jain Global LLC new | 29,244 | $301K | 0.1% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. new | 29,236 | $301K | 0.1% | 2026-Q2 |
| PROFUND ADVISORS LLC new | 28,677 | $295K | 0.1% | 2026-Q2 |
| Brevan Howard Capital Management LP added | 27,789 | $286K | 0.1% | 2026-Q2 |
| LETKO, BROSSEAU & ASSOCIATES INC new | 25,050 | $258K | 0.0% | 2026-Q2 |
| Hudson Bay Capital Management LP trimmed | 25,000 | $258K | 0.0% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 20,417 | $210K | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey added | 18,692 | $193K | 0.0% | 2026-Q2 |
| Quadrature Capital Ltd trimmed | 18,178 | $187K | 0.0% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC new | 17,473 | $180K | 0.0% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 17,004 | $175K | 0.0% | 2026-Q2 |
| XTX Topco Ltd trimmed | 16,726 | $172K | 0.0% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 16,007 | $165K | 0.0% | 2026-Q2 |
| Stratos Wealth Advisors, LLC trimmed | 16,000 | $165K | 0.0% | 2026-Q2 |
| MONETA GROUP INVESTMENT ADVISORS LLC trimmed | 14,525 | $150K | 0.0% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 14,300 | $147K | 0.0% | 2026-Q2 |
| DRW Securities, LLC new | 14,272 | $147K | 0.0% | 2026-Q2 |
| VOYA INVESTMENT MANAGEMENT LLC added | 12,602 | $130K | 0.0% | 2026-Q2 |
| INTECH INVESTMENT MANAGEMENT LLC added | 12,601 | $130K | 0.0% | 2026-Q2 |
| China Universal Asset Management Co., Ltd. trimmed | 11,661 | $120K | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 11,046 | $114K | 0.0% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC new | 11,005 | $113K | 0.0% | 2026-Q2 |
| ProShare Advisors LLC added | 10,700 | $110K | 0.0% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC | 10,325 | $106K | 0.0% | 2026-Q2 |
| DAVENPORT & Co LLC new | 10,200 | $105K | 0.0% | 2026-Q2 |
| Boreal Capital Management LLC trimmed | 8,000 | $82K | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.