Who owns Inovio Pharmaceuticals (INO)
Which tracked institutional funds hold INO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See INO 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 INO is one-sided between 2026-Q1 and 2026-Q2: 3 added or opened and 14 trimmed or exited — on balance reducing.
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
INO’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 gap the other way — the median holder sizes INO more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in INO 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 99 tracked filers holding INO, 48 increased or opened the position and 41 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 INO 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 2
- Jupiter Topco LLC$6M
- Caption Management, LLC$527K
Full exits 3
- JANUS HENDERSON GROUP PLC$6M
- ADAGE CAPITAL PARTNERS GP, L.L.C.$1M
- DIADEMA PARTNERS LP$979K
Largest adds
- TWO SIGMA INVESTMENTS, LP$684K
Largest trims
- FMR LLC$7M
- D. E. Shaw & Co., Inc.$2M
- MILLENNIUM MANAGEMENT LLC$2M
- VANGUARD CAPITAL MANAGEMENT LLC$1M
- Boxer Capital Management, LLC$995K
- RENAISSANCE TECHNOLOGIES LLC$723K
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 trimmed | 8,454,797 | $9M | 16.1% | 2026-Q2 |
| Jupiter Topco LLC new | 5,171,053 | $6M | 9.9% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 3,650,562 | $4M | 7.0% | 2026-Q2 |
| Boxer Capital Management, LLC added | 2,844,994 | $3M | 5.4% | 2026-Q2 |
| ADAR1 Capital Management, LLC added | 2,143,910 | $2M | 4.1% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 1,351,656 | $1M | 2.6% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 1,239,778 | $1M | 2.4% | 2026-Q2 |
| Eversept Partners, LP | 1,035,360 | $1M | 2.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 802,751 | $884K | 1.5% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 796,107 | $876K | 1.5% | 2026-Q2 |
| BlackRock, Inc. added | 779,057 | $857K | 1.5% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 480,769 | $529K | 0.9% | 2026-Q2 |
| Caption Management, LLC new | 478,950 | $527K | 0.9% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 361,339 | $397K | 0.7% | 2026-Q2 |
| STATE STREET CORP added | 336,610 | $370K | 0.6% | 2026-Q2 |
| UBS Group AG added | 262,320 | $289K | 0.5% | 2026-Q2 |
| Quadrature Capital Ltd added | 258,928 | $285K | 0.5% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 241,775 | $266K | 0.5% | 2026-Q2 |
| Stonepine Capital Management, LLC added | 1,345,237 | $210K | 0.4% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 174,394 | $192K | 0.3% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 173,000 | $190K | 0.3% | 2026-Q2 |
| NOMURA HOLDINGS INC added | 150,000 | $165K | 0.3% | 2026-Q2 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main new | 133,648 | $147K | 0.3% | 2026-Q2 |
| GMT Capital Corp | 126,119 | $139K | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 124,525 | $137K | 0.2% | 2026-Q2 |
| XTX Topco Ltd trimmed | 105,833 | $116K | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 93,720 | $103K | 0.2% | 2026-Q2 |
| Invesco Ltd. added | 80,338 | $88K | 0.2% | 2026-Q2 |
| Green Alpha Advisors, LLC added | 68,055 | $75K | 0.1% | 2026-Q2 |
| MORGAN STANLEY trimmed | 50,256 | $55K | 0.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 42,286 | $47K | 0.1% | 2026-Q2 |
| Squarepoint Ops LLC added | 36,391 | $40K | 0.1% | 2026-Q2 |
| Engineers Gate Manager LP added | 33,691 | $37K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 30,235 | $33K | 0.1% | 2026-Q2 |
| Headlands Technologies LLC trimmed | 29,889 | $33K | 0.1% | 2026-Q2 |
| ZACKS INVESTMENT MANAGEMENT added | 26,435 | $29K | 0.1% | 2026-Q2 |
| Prime Capital Investment Advisors, LLC | 17,126 | $19K | 0.0% | 2026-Q2 |
| LPL Financial LLC trimmed | 17,114 | $19K | 0.0% | 2026-Q2 |
| StoneX Group Inc. new | 14,252 | $18K | 0.0% | 2026-Q2 |
| TWO SIGMA SECURITIES, LLC trimmed | 15,958 | $18K | 0.0% | 2026-Q2 |
| STEPHENS INC /AR/ | 15,500 | $17K | 0.0% | 2026-Q2 |
| AXQ CAPITAL, LP new | 13,863 | $15K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) trimmed | 13,301 | $15K | 0.0% | 2026-Q2 |
| Mayflower Financial Advisors, LLC | 12,559 | $14K | 0.0% | 2026-Q2 |
| MCF Advisors LLC | 11,274 | $12K | 0.0% | 2026-Q2 |
| SIGNATURE ESTATE & INVESTMENT ADVISORS LLC | 11,028 | $12K | 0.0% | 2026-Q2 |
| Caitong International Asset Management Co., Ltd added | 10,022 | $11K | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. added | 6,814 | $7K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 4,252 | $4K | 0.0% | 2026-Q2 |
| BARCLAYS PLC added | 3,487 | $4K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 3,260 | $4K | 0.0% | 2026-Q2 |
| JANUS HENDERSON GROUP PLC | 3,308,406 | $6M | 10.0% | 2026-Q1 stale (1 quarter behind) |
| VANGUARD GROUP INC added | 3,315,580 | $6M | 10.0% | 2025-Q4 stale (2 quarters behind) |
| Deep Track Capital, LP trimmed | 1,981,370 | $4M | 7.0% | 2025-Q2 stale (4 quarters behind) |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 804,958 | $1M | 2.4% | 2026-Q1 stale (1 quarter behind) |
| DIADEMA PARTNERS LP added | 562,665 | $979K | 1.7% | 2026-Q1 stale (1 quarter behind) |
| GSA CAPITAL PARTNERS LLP trimmed | 265,075 | $461K | 0.8% | 2026-Q1 stale (1 quarter behind) |
| 683 Capital Management, LLC | 248,790 | $433K | 0.8% | 2026-Q1 stale (1 quarter behind) |
| OMERS ADMINISTRATION Corp new | 223,000 | $388K | 0.7% | 2025-Q4 stale (2 quarters behind) |
| Cubist Systematic Strategies, LLC new | 171,561 | $349K | 0.6% | 2025-Q2 stale (4 quarters behind) |
| JACOBS LEVY EQUITY MANAGEMENT, INC added | 130,792 | $228K | 0.4% | 2025-Q4 stale (2 quarters behind) |
| TWO SIGMA ADVISERS, LP trimmed | 73,701 | $128K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| AQR CAPITAL MANAGEMENT LLC trimmed | 53,171 | $108K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 56,862 | $99K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| DIMENSIONAL FUND ADVISORS LP trimmed | 37,991 | $89K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| Hudson Bay Capital Management LP new | 50,677 | $88K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| AMERICAN CENTURY COMPANIES INC trimmed | 42,917 | $87K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| CIBC Private Wealth Group LLC added | 50,000 | $87K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| CIBC Bancorp USA Inc. new | 50,000 | $87K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Y-Intercept (Hong Kong) Ltd new | 42,171 | $86K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Virtu Financial LLC added | 44,040 | $77K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Jain Global LLC new | 37,601 | $77K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| IMC-Chicago, LLC new | 37,889 | $66K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Concurrent Investment Advisors, LLC trimmed | 36,011 | $63K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ trimmed | 32,677 | $57K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| HSBC HOLDINGS PLC new | 26,075 | $56K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Lighthouse Investment Partners, LLC new | 30,600 | $53K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 30,500 | $53K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| NINE MASTS CAPITAL Ltd new | 26,317 | $46K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Greenwich Wealth Management LLC added | 24,899 | $43K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Diametric Capital, LP new | 24,491 | $43K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Baader Bank Aktiengesellschaft new | 36,767 | $39K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| BOOTHBAY FUND MANAGEMENT, LLC | 18,000 | $37K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Point72 Asia (Singapore) Pte. Ltd. new | 17,886 | $36K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Catalyst Funds Management Pty Ltd new | 17,000 | $35K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Focus Partners Wealth new | 14,289 | $33K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Freedom Investment Management, Inc. trimmed | 16,387 | $33K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| CITIGROUP INC trimmed | 12,977 | $30K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| BANK OF MONTREAL /CAN/ | 17,382 | $30K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 12,330 | $29K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| SG Americas Securities, LLC trimmed | 11,497 | $27K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Qube Research & Technologies Ltd trimmed | 14,651 | $25K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Meridian Wealth Management, LLC new | 10,000 | $23K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| MARSHALL WACE, LLP trimmed | 13,187 | $23K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| HRT FINANCIAL LP trimmed | 12,917 | $22K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| HighTower Advisors, LLC added | 11,899 | $21K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Keystone Financial Group | 10,073 | $20K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Covestor Ltd trimmed | 5,120 | $9K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Point72 (DIFC) Ltd new | 2,600 | $5K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Russell Investments Group, Ltd. trimmed | 2,070 | $4K | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.