Who owns CADL (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-Q1 13F filings. 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
19 tracked funds added or opened CADL while 9 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
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 2025-Q4 and 2026-Q1, across 114 tracked filers holding CADL, 79 increased or opened the position and 31 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 2025-Q4 and 2026-Q1 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 15
- RTW INVESTMENTS, LP$31M
- Saturn V Capital Management LP$14M
- VANGUARD CAPITAL MANAGEMENT LLC$12M
- Vestal Point Capital, LP$6M
- MILLENNIUM MANAGEMENT LLC$5M
- HEIGHTS CAPITAL MANAGEMENT, INC$4M
Full exits 1
- VANGUARD GROUP INC$13M
Largest adds
- FMR LLC$7M
- Portolan Capital Management, LLC$5M
- ACORN CAPITAL ADVISORS, LLC$3M
- GOLDMAN SACHS GROUP INC$747K
Largest trims
- BlackRock, Inc.$934K
- CITADEL ADVISORS LLC$923K
- MORGAN STANLEY$472K
- STATE STREET CORP$465K
- GEODE CAPITAL MANAGEMENT, LLC$449K
- WELLS FARGO & COMPANY/MN$336K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| FMR LLC added | 10,986,917 | $54M | 23.2% | 2026-Q1 |
| RTW INVESTMENTS, LP new | 6,422,018 | $31M | 13.6% | 2026-Q1 |
| ACORN CAPITAL ADVISORS, LLC added | 3,497,948 | $17M | 7.4% | 2026-Q1 |
| BlackRock, Inc. added | 3,109,042 | $15M | 6.6% | 2026-Q1 |
| Saturn V Capital Management LP new | 2,896,588 | $14M | 6.1% | 2026-Q1 |
| Portolan Capital Management, LLC added | 2,894,325 | $14M | 6.1% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 2,462,757 | $12M | 5.2% | 2026-Q1 |
| Vestal Point Capital, LP new | 1,125,000 | $6M | 2.4% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 1,060,086 | $5M | 2.2% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,035,435 | $5M | 2.2% | 2026-Q1 |
| Halter Ferguson Financial Inc. added | 904,051 | $4M | 1.9% | 2026-Q1 |
| STATE STREET CORP added | 818,558 | $4M | 1.7% | 2026-Q1 |
| HEIGHTS CAPITAL MANAGEMENT, INC added | 775,000 | $4M | 1.6% | 2026-Q1 |
| Sands Capital Alternatives, LLC | 405,837 | $2M | 0.9% | 2026-Q1 |
| NORTHERN TRUST CORP added | 323,154 | $2M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 280,451 | $1M | 0.6% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 268,249 | $1M | 0.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 227,521 | $1M | 0.5% | 2026-Q1 |
| ExodusPoint Capital Management, LP new | 227,468 | $1M | 0.5% | 2026-Q1 |
| Ghisallo Capital Management LLC new | 200,000 | $980K | 0.4% | 2026-Q1 |
| Kynam Capital Management, LP new | 200,000 | $980K | 0.4% | 2026-Q1 |
| Tanager Wealth Management LLP | 198,175 | $971K | 0.4% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC new | 171,978 | $845K | 0.4% | 2026-Q1 |
| Woodline Partners LP added | 156,700 | $768K | 0.3% | 2026-Q1 |
| UBS Group AG added | 149,855 | $734K | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp added | 136,266 | $668K | 0.3% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 112,973 | $554K | 0.2% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 111,716 | $547K | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 107,211 | $525K | 0.2% | 2026-Q1 |
| Stonepine Capital Management, LLC new | 102,500 | $502K | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 95,395 | $467K | 0.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 93,500 | $458K | 0.2% | 2026-Q1 |
| Nuveen, LLC added | 93,158 | $456K | 0.2% | 2026-Q1 |
| KENNEDY CAPITAL MANAGEMENT LLC new | 92,625 | $454K | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. | 69,110 | $390K | 0.2% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 75,100 | $368K | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 72,666 | $356K | 0.2% | 2026-Q1 |
| HB Wealth Management, LLC added | 67,245 | $330K | 0.1% | 2026-Q1 |
| Torrey Growth & Income Advisors added | 67,148 | $318K | 0.1% | 2026-Q1 |
| Lido Advisors, LLC added | 60,257 | $295K | 0.1% | 2026-Q1 |
| Birchview Capital, LP | 60,000 | $294K | 0.1% | 2026-Q1 |
| ALPS ADVISORS INC added | 59,629 | $292K | 0.1% | 2026-Q1 |
| Hudson Bay Capital Management LP new | 59,210 | $290K | 0.1% | 2026-Q1 |
| MORGAN STANLEY trimmed | 58,229 | $285K | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 51,399 | $252K | 0.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 47,402 | $232K | 0.1% | 2026-Q1 |
| Belpointe Asset Management LLC new | 45,604 | $223K | 0.1% | 2026-Q1 |
| MARTINGALE ASSET MANAGEMENT L P added | 43,909 | $215K | 0.1% | 2026-Q1 |
| XTX Topco Ltd added | 43,763 | $214K | 0.1% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 43,208 | $212K | 0.1% | 2026-Q1 |
| MONETA GROUP INVESTMENT ADVISORS LLC trimmed | 41,867 | $205K | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 40,000 | $196K | 0.1% | 2026-Q1 |
| AlphaCentric Advisors LLC new | 36,313 | $178K | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 33,300 | $163K | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP new | 32,015 | $156K | 0.1% | 2026-Q1 |
| Krilogy Financial LLC added | 30,065 | $155K | 0.1% | 2026-Q1 |
| Creative Planning added | 31,398 | $154K | 0.1% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 30,472 | $149K | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 30,110 | $148K | 0.1% | 2026-Q1 |
| Stratos Wealth Advisors, LLC added | 25,908 | $127K | 0.1% | 2026-Q1 |
| LPL Financial LLC trimmed | 24,702 | $121K | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 24,863 | $111K | 0.0% | 2026-Q1 |
| CITIGROUP INC added | 21,382 | $105K | 0.0% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 21,073 | $103K | 0.0% | 2026-Q1 |
| Quadrature Capital Ltd added | 21,023 | $103K | 0.0% | 2026-Q1 |
| Invesco Ltd. added | 20,907 | $102K | 0.0% | 2026-Q1 |
| AXQ CAPITAL, LP added | 20,864 | $102K | 0.0% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 18,028 | $88K | 0.0% | 2026-Q1 |
| Taylor Financial Group, Inc. added | 16,600 | $81K | 0.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 16,593 | $81K | 0.0% | 2026-Q1 |
| MetLife Investment Management, LLC trimmed | 16,199 | $79K | 0.0% | 2026-Q1 |
| Boreal Capital Management LLC | 16,000 | $78K | 0.0% | 2026-Q1 |
| SIMPLEX TRADING, LLC trimmed | 13,216 | $65K | 0.0% | 2026-Q1 |
| China Universal Asset Management Co., Ltd. added | 12,998 | $64K | 0.0% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 12,993 | $64K | 0.0% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 12,780 | $63K | 0.0% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 12,725 | $62K | 0.0% | 2026-Q1 |
| MIRABELLA FINANCIAL SERVICES LLP new | 12,489 | $61K | 0.0% | 2026-Q1 |
| Brevan Howard Capital Management LP new | 11,821 | $58K | 0.0% | 2026-Q1 |
| VANGUARD GROUP INC added | 2,305,060 | $13M | 5.6% | 2025-Q4 stale |
| BAKER BROS. ADVISORS LP trimmed | 355,112 | $2M | 0.8% | 2025-Q2 stale |
| FRANKLIN RESOURCES INC trimmed | 211,014 | $1M | 0.5% | 2025-Q1 stale |
| WELLINGTON MANAGEMENT GROUP LLP added | 137,888 | $703K | 0.3% | 2025-Q3 stale |
| MARSHALL WACE, LLP trimmed | 103,847 | $530K | 0.2% | 2025-Q3 stale |
| Focus Partners Wealth new | 81,816 | $462K | 0.2% | 2025-Q4 stale |
| Kovitz Investment Group Partners, LLC added | 79,316 | $405K | 0.2% | 2025-Q3 stale |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 52,147 | $295K | 0.1% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP new | 36,485 | $185K | 0.1% | 2025-Q2 stale |
| Virtu Financial LLC added | 26,832 | $152K | 0.1% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC added | 28,475 | $144K | 0.1% | 2025-Q2 stale |
| DIADEMA PARTNERS LP added | 25,045 | $142K | 0.1% | 2025-Q1 stale |
| LOS ANGELES CAPITAL MANAGEMENT LLC new | 24,810 | $126K | 0.1% | 2025-Q2 stale |
| Squarepoint Ops LLC trimmed | 19,737 | $112K | 0.0% | 2025-Q4 stale |
| Private Advisor Group, LLC added | 20,750 | $105K | 0.0% | 2025-Q2 stale |
| EntryPoint Capital, LLC added | 18,696 | $95K | 0.0% | 2025-Q3 stale |
| Corebridge Financial, Inc. added | 13,933 | $79K | 0.0% | 2025-Q1 stale |
| AlphaQuest LLC | 11,941 | $67K | 0.0% | 2025-Q4 stale |
| Mariner, LLC trimmed | 11,371 | $64K | 0.0% | 2025-Q1 stale |
| JANE STREET GROUP, LLC trimmed | 10,799 | $61K | 0.0% | 2025-Q4 stale |
| ProShare Advisors LLC new | 10,433 | $59K | 0.0% | 2025-Q4 stale |
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.