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Institutional Ownership · SEC Form 13F

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.

114
Institutional holders
43,429,146
Shares held (tracked funds)
79.1%
Of shares outstanding

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).

FundSharesReported value% of valueQuarter
FMR LLC added10,986,917$54M23.2%2026-Q1
RTW INVESTMENTS, LP new6,422,018$31M13.6%2026-Q1
ACORN CAPITAL ADVISORS, LLC added3,497,948$17M7.4%2026-Q1
BlackRock, Inc. added3,109,042$15M6.6%2026-Q1
Saturn V Capital Management LP new2,896,588$14M6.1%2026-Q1
Portolan Capital Management, LLC added2,894,325$14M6.1%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new2,462,757$12M5.2%2026-Q1
Vestal Point Capital, LP new1,125,000$6M2.4%2026-Q1
MILLENNIUM MANAGEMENT LLC added1,060,086$5M2.2%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added1,035,435$5M2.2%2026-Q1
Halter Ferguson Financial Inc. added904,051$4M1.9%2026-Q1
STATE STREET CORP added818,558$4M1.7%2026-Q1
HEIGHTS CAPITAL MANAGEMENT, INC added775,000$4M1.6%2026-Q1
Sands Capital Alternatives, LLC405,837$2M0.9%2026-Q1
NORTHERN TRUST CORP added323,154$2M0.7%2026-Q1
VANGUARD FIDUCIARY TRUST CO new280,451$1M0.6%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new268,249$1M0.6%2026-Q1
GOLDMAN SACHS GROUP INC added227,521$1M0.5%2026-Q1
ExodusPoint Capital Management, LP new227,468$1M0.5%2026-Q1
Ghisallo Capital Management LLC new200,000$980K0.4%2026-Q1
Kynam Capital Management, LP new200,000$980K0.4%2026-Q1
Tanager Wealth Management LLP198,175$971K0.4%2026-Q1
JANUS HENDERSON GROUP PLC new171,978$845K0.4%2026-Q1
Woodline Partners LP added156,700$768K0.3%2026-Q1
UBS Group AG added149,855$734K0.3%2026-Q1
Bank of New York Mellon Corp added136,266$668K0.3%2026-Q1
SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed112,973$554K0.2%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed111,716$547K0.2%2026-Q1
Point72 Asset Management, L.P. trimmed107,211$525K0.2%2026-Q1
Stonepine Capital Management, LLC new102,500$502K0.2%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC added95,395$467K0.2%2026-Q1
TWO SIGMA INVESTMENTS, LP trimmed93,500$458K0.2%2026-Q1
Nuveen, LLC added93,158$456K0.2%2026-Q1
KENNEDY CAPITAL MANAGEMENT LLC new92,625$454K0.2%2026-Q1
ALLIANCEBERNSTEIN L.P.69,110$390K0.2%2026-Q1
BRIDGEWAY CAPITAL MANAGEMENT, LLC added75,100$368K0.2%2026-Q1
CITADEL ADVISORS LLC trimmed72,666$356K0.2%2026-Q1
HB Wealth Management, LLC added67,245$330K0.1%2026-Q1
Torrey Growth & Income Advisors added67,148$318K0.1%2026-Q1
Lido Advisors, LLC added60,257$295K0.1%2026-Q1
Birchview Capital, LP60,000$294K0.1%2026-Q1
ALPS ADVISORS INC added59,629$292K0.1%2026-Q1
Hudson Bay Capital Management LP new59,210$290K0.1%2026-Q1
MORGAN STANLEY trimmed58,229$285K0.1%2026-Q1
RHUMBLINE ADVISERS added51,399$252K0.1%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed47,402$232K0.1%2026-Q1
Belpointe Asset Management LLC new45,604$223K0.1%2026-Q1
MARTINGALE ASSET MANAGEMENT L P added43,909$215K0.1%2026-Q1
XTX Topco Ltd added43,763$214K0.1%2026-Q1
BALYASNY ASSET MANAGEMENT L.P. trimmed43,208$212K0.1%2026-Q1
MONETA GROUP INVESTMENT ADVISORS LLC trimmed41,867$205K0.1%2026-Q1
RAYMOND JAMES FINANCIAL INC added40,000$196K0.1%2026-Q1
AlphaCentric Advisors LLC new36,313$178K0.1%2026-Q1
DEUTSCHE BANK AG\ added33,300$163K0.1%2026-Q1
HRT FINANCIAL LP new32,015$156K0.1%2026-Q1
Krilogy Financial LLC added30,065$155K0.1%2026-Q1
Creative Planning added31,398$154K0.1%2026-Q1
Janney Montgomery Scott LLC added30,472$149K0.1%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ added30,110$148K0.1%2026-Q1
Stratos Wealth Advisors, LLC added25,908$127K0.1%2026-Q1
LPL Financial LLC trimmed24,702$121K0.1%2026-Q1
JPMORGAN CHASE & CO added24,863$111K0.0%2026-Q1
CITIGROUP INC added21,382$105K0.0%2026-Q1
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added21,073$103K0.0%2026-Q1
Quadrature Capital Ltd added21,023$103K0.0%2026-Q1
Invesco Ltd. added20,907$102K0.0%2026-Q1
AXQ CAPITAL, LP added20,864$102K0.0%2026-Q1
AQR CAPITAL MANAGEMENT LLC trimmed18,028$88K0.0%2026-Q1
Taylor Financial Group, Inc. added16,600$81K0.0%2026-Q1
WELLS FARGO & COMPANY/MN trimmed16,593$81K0.0%2026-Q1
MetLife Investment Management, LLC trimmed16,199$79K0.0%2026-Q1
Boreal Capital Management LLC16,000$78K0.0%2026-Q1
SIMPLEX TRADING, LLC trimmed13,216$65K0.0%2026-Q1
China Universal Asset Management Co., Ltd. added12,998$64K0.0%2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed12,993$64K0.0%2026-Q1
RENAISSANCE TECHNOLOGIES LLC trimmed12,780$63K0.0%2026-Q1
Vanguard Global Advisers, LLC new12,725$62K0.0%2026-Q1
MIRABELLA FINANCIAL SERVICES LLP new12,489$61K0.0%2026-Q1
Brevan Howard Capital Management LP new11,821$58K0.0%2026-Q1
VANGUARD GROUP INC added2,305,060$13M5.6%2025-Q4 stale
BAKER BROS. ADVISORS LP trimmed355,112$2M0.8%2025-Q2 stale
FRANKLIN RESOURCES INC trimmed211,014$1M0.5%2025-Q1 stale
WELLINGTON MANAGEMENT GROUP LLP added137,888$703K0.3%2025-Q3 stale
MARSHALL WACE, LLP trimmed103,847$530K0.2%2025-Q3 stale
Focus Partners Wealth new81,816$462K0.2%2025-Q4 stale
Kovitz Investment Group Partners, LLC added79,316$405K0.2%2025-Q3 stale
STATE OF WISCONSIN INVESTMENT BOARD trimmed52,147$295K0.1%2025-Q4 stale
TWO SIGMA ADVISERS, LP new36,485$185K0.1%2025-Q2 stale
Virtu Financial LLC added26,832$152K0.1%2025-Q4 stale
Cubist Systematic Strategies, LLC added28,475$144K0.1%2025-Q2 stale
DIADEMA PARTNERS LP added25,045$142K0.1%2025-Q1 stale
LOS ANGELES CAPITAL MANAGEMENT LLC new24,810$126K0.1%2025-Q2 stale
Squarepoint Ops LLC trimmed19,737$112K0.0%2025-Q4 stale
Private Advisor Group, LLC added20,750$105K0.0%2025-Q2 stale
EntryPoint Capital, LLC added18,696$95K0.0%2025-Q3 stale
Corebridge Financial, Inc. added13,933$79K0.0%2025-Q1 stale
AlphaQuest LLC11,941$67K0.0%2025-Q4 stale
Mariner, LLC trimmed11,371$64K0.0%2025-Q1 stale
JANE STREET GROUP, LLC trimmed10,799$61K0.0%2025-Q4 stale
ProShare Advisors LLC new10,433$59K0.0%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.

HoldersTotal shares

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.

Learn how to read institutional ownership