Who owns IVA
Which tracked institutional funds hold IVA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IVA company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-02). 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
32 tracked funds added or opened IVA while 22 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
IVA’s largest tracked holder by dollar value, Caligan Partners LP, sizes it at 1.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in IVA 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 85 tracked filers holding IVA, 65 increased or opened the position and 17 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 IVA 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 17
- Nantahala Capital Management, LLC$10M
- Woodline Partners LP$9M
- Aberdeen Group plc$9M
- Patient Square Capital LP$7M
- STEMPOINT CAPITAL LP$5M
- KINGDON CAPITAL MANAGEMENT, L.L.C.$5M
Full exits 3
- SymBiosis Capital Partners, LLC$13M
- RTW INVESTMENTS, LP$7M
- Russell Investments Group, Ltd.$1M
Largest adds
- CITADEL ADVISORS LLC$6M
- Squadron Capital Management LLC$6M
- ANDERA PARTNERS$4M
- Integral Health Asset Management, LLC$4M
- Caligan Partners LP$3M
- JANE STREET GROUP, LLC$3M
Largest trims
- Polar Capital Holdings Plc$8M
- Paradigm Biocapital Advisors LP$7M
- SAMSARA BIOCAPITAL, LLC$5M
- Trails Edge Capital Partners, LP$5M
- UBS Group AG$4M
- Deep Track Capital, LP$4M
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 |
|---|---|---|---|---|
| Caligan Partners LP added | 8,163,191 | $31M | 9.0% | 2026-Q2 |
| SAMSARA BIOCAPITAL, LLC added | 6,314,805 | $24M | 7.0% | 2026-Q2 |
| Paradigm Biocapital Advisors LP | 4,000,000 | $15M | 4.4% | 2026-Q2 |
| ANDERA PARTNERS added | 3,633,181 | $14M | 4.0% | 2026-Q2 |
| ADAR1 Capital Management, LLC added | 3,606,656 | $14M | 4.0% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 3,512,174 | $13M | 3.9% | 2026-Q2 |
| Nantahala Capital Management, LLC new | 2,686,393 | $10M | 3.0% | 2026-Q2 |
| Trails Edge Capital Partners, LP | 2,657,997 | $10M | 2.9% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 2,642,611 | $10M | 2.9% | 2026-Q2 |
| Squadron Capital Management LLC added | 2,435,000 | $9M | 2.7% | 2026-Q2 |
| Woodline Partners LP new | 2,323,149 | $9M | 2.6% | 2026-Q2 |
| Aberdeen Group plc new | 2,307,773 | $9M | 2.6% | 2026-Q2 |
| UBS Group AG trimmed | 2,305,192 | $9M | 2.5% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 2,003,782 | $8M | 2.2% | 2026-Q2 |
| Patient Square Capital LP new | 1,967,171 | $7M | 2.2% | 2026-Q2 |
| NEXTBio Capital Management LP added | 1,787,984 | $7M | 2.0% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 1,784,566 | $7M | 2.0% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 1,697,148 | $6M | 1.9% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 1,683,012 | $6M | 1.9% | 2026-Q2 |
| Integral Health Asset Management, LLC added | 1,520,000 | $6M | 1.7% | 2026-Q2 |
| Yu Fan | 1,500,000 | $6M | 1.7% | 2026-Q2 |
| NEA Management Company, LLC | 1,462,586 | $6M | 1.6% | 2026-Q2 |
| STEMPOINT CAPITAL LP added | 1,426,320 | $5M | 1.6% | 2026-Q2 |
| Propel Bio Management, LLC added | 1,281,212 | $5M | 1.4% | 2026-Q2 |
| KINGDON CAPITAL MANAGEMENT, L.L.C. new | 1,270,000 | $5M | 1.4% | 2026-Q2 |
| JPMORGAN CHASE & CO new | 1,309,100 | $5M | 1.4% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. new | 1,120,000 | $4M | 1.2% | 2026-Q2 |
| Ikarian Capital, LLC trimmed | 1,129,101 | $4M | 1.2% | 2026-Q2 |
| Polar Capital Holdings Plc trimmed | 1,074,214 | $4M | 1.2% | 2026-Q2 |
| MARSHALL WACE, LLP added | 965,907 | $4M | 1.1% | 2026-Q2 |
| Alyeska Investment Group, L.P. added | 909,000 | $3M | 1.0% | 2026-Q2 |
| MORGAN STANLEY added | 901,640 | $3M | 1.0% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 901,369 | $3M | 1.0% | 2026-Q2 |
| HighVista Strategies LLC added | 831,442 | $3M | 0.9% | 2026-Q2 |
| Deep Track Capital, LP trimmed | 800,000 | $3M | 0.9% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 728,111 | $3M | 0.8% | 2026-Q2 |
| DIADEMA PARTNERS LP added | 740,786 | $3M | 0.8% | 2026-Q2 |
| BVF INC/IL | 686,040 | $3M | 0.8% | 2026-Q2 |
| FMR LLC new | 685,400 | $3M | 0.8% | 2026-Q2 |
| Ally Bridge Group (NY) LLC trimmed | 634,800 | $2M | 0.7% | 2026-Q2 |
| Qube Research & Technologies Ltd new | 397,558 | $2M | 0.4% | 2026-Q2 |
| J. Goldman & Co LP added | 337,500 | $1M | 0.4% | 2026-Q2 |
| Simplify Asset Management Inc. added | 313,483 | $1M | 0.3% | 2026-Q2 |
| Artisan Partners Limited Partnership trimmed | 263,538 | $996K | 0.3% | 2026-Q2 |
| Ghisallo Capital Management LLC new | 250,000 | $945K | 0.3% | 2026-Q2 |
| SEVEN GRAND MANAGERS, LLC new | 225,000 | $850K | 0.2% | 2026-Q2 |
| Burkehill Global Management, LP new | 225,000 | $850K | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 224,499 | $849K | 0.2% | 2026-Q2 |
| XTX Topco Ltd added | 214,282 | $810K | 0.2% | 2026-Q2 |
| Persistent Asset Partners Ltd added | 209,182 | $791K | 0.2% | 2026-Q2 |
| Quadrature Capital Ltd added | 207,182 | $783K | 0.2% | 2026-Q2 |
| Seven Fleet Capital Management LP | 200,141 | $757K | 0.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 151,917 | $574K | 0.2% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. new | 144,181 | $545K | 0.2% | 2026-Q2 |
| Walleye Capital LLC new | 135,648 | $513K | 0.1% | 2026-Q2 |
| Hudson Bay Capital Management LP trimmed | 115,000 | $435K | 0.1% | 2026-Q2 |
| Rathbones Group PLC new | 100,000 | $378K | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 83,996 | $318K | 0.1% | 2026-Q2 |
| Engineers Gate Manager LP added | 71,116 | $269K | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 36,726 | $158K | 0.0% | 2026-Q2 |
| Jefferies Financial Group Inc. new | 40,000 | $151K | 0.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 34,355 | $130K | 0.0% | 2026-Q2 |
| R Squared Ltd new | 29,918 | $113K | 0.0% | 2026-Q2 |
| Quaker Wealth Management, LLC | 24,960 | $94K | 0.0% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 24,467 | $92K | 0.0% | 2026-Q2 |
| Shay Capital LLC new | 21,871 | $83K | 0.0% | 2026-Q2 |
| China Universal Asset Management Co., Ltd. added | 21,600 | $82K | 0.0% | 2026-Q2 |
| NewEdge Advisors, LLC added | 20,078 | $76K | 0.0% | 2026-Q2 |
| Cerity Partners LLC | 20,000 | $76K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA new | 15,741 | $60K | 0.0% | 2026-Q2 |
| Ground Swell Capital, LLC new | 12,803 | $48K | 0.0% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL | 10,000 | $38K | 0.0% | 2026-Q2 |
| Frec Markets, Inc. | 10,000 | $38K | 0.0% | 2026-Q2 |
| CITIGROUP INC added | 6,612 | $25K | 0.0% | 2026-Q2 |
| GAMMA Investing LLC added | 5,020 | $19K | 0.0% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 4,672 | $18K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) new | 1,800 | $7K | 0.0% | 2026-Q2 |
| BARCLAYS PLC new | 1,781 | $7K | 0.0% | 2026-Q2 |
| Stone House Investment Management, LLC new | 1,463 | $6K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. new | 308 | $1K | 0.0% | 2026-Q2 |
| Atlantic Union Bankshares Corp | 300 | $1K | 0.0% | 2026-Q2 |
| Larson Financial Group LLC new | 225 | $851 | 0.0% | 2026-Q2 |
| Caitong International Asset Management Co., Ltd added | 155 | $586 | 0.0% | 2026-Q2 |
| Bell Investment Advisors, Inc | 76 | $288 | 0.0% | 2026-Q2 |
| Arax Advisory Partners new | 51 | $193 | 0.0% | 2026-Q2 |
| SymBiosis Capital Partners, LLC trimmed | 2,354,000 | $13M | 3.8% | 2026-Q1 stale (1 quarter behind) |
| RTW INVESTMENTS, LP added | 1,298,702 | $7M | 2.1% | 2026-Q1 stale (1 quarter behind) |
| Russell Investments Group, Ltd. new | 205,639 | $1M | 0.3% | 2026-Q1 stale (1 quarter behind) |
| PRELUDE CAPITAL MANAGEMENT, LLC new | 40,000 | $222K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| ExodusPoint Capital Management, LP new | 38,256 | $212K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| HRT FINANCIAL LP new | 18,854 | $104K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Virtu Financial LLC added | 18,729 | $104K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| EverSource Wealth Advisors, LLC new | 352 | $12K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| JONES FINANCIAL COMPANIES LLLP new | 881 | $5K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Saturn V Capital Management LP new | 283,166 | $1M | 0.4% | 2025-Q4 stale (2 quarters behind) |
| Yiheng Capital Management, L.P. trimmed | 255,915 | $1M | 0.3% | 2025-Q4 stale (2 quarters behind) |
| EVENTIDE ASSET MANAGEMENT, LLC new | 250,000 | $1M | 0.3% | 2025-Q4 stale (2 quarters behind) |
| SUPERSTRING CAPITAL MANAGEMENT LP new | 100,000 | $465K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Creative Planning | 10,000 | $46K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| AQR CAPITAL MANAGEMENT LLC | 10,000 | $46K | 0.0% | 2025-Q4 stale (2 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.