Who owns MAZE (MAZE)
Which tracked institutional funds hold MAZE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MAZE 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
38 tracked funds added or opened MAZE while 75 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
MAZE’s largest tracked holder by dollar value, Frazier Life Sciences Management, L.P., sizes it at 3.5% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 3.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in MAZE 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 165 tracked filers holding MAZE, 105 increased or opened the position and 65 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
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 MAZE 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 27
- Paradigm Biocapital Advisors LP$82M
- VANGUARD CAPITAL MANAGEMENT LLC$43M
- ADAGE CAPITAL PARTNERS GP, L.L.C.$35M
- Cormorant Asset Management, LP$22M
- FARALLON CAPITAL MANAGEMENT LLC$11M
- Candriam S.C.A.$8M
Full exits 14
- VANGUARD GROUP INC$64M
- Bellevue Group AG$37M
- Matrix Capital Management Company, LP$20M
- EVENTIDE ASSET MANAGEMENT, LLC$13M
- TCG Crossover Management, LLC$7M
- STEMPOINT CAPITAL LP$5M
Largest adds
- BALYASNY ASSET MANAGEMENT L.P.$6M
- BANK OF AMERICA CORP /DE/$5M
- CITADEL ADVISORS LLC$5M
- SPHERA FUNDS MANAGEMENT LTD.$4M
- GOLDMAN SACHS GROUP INC$4M
- Driehaus Capital Management LLC$3M
Largest trims
- Deep Track Capital, LP$72M
- Frazier Life Sciences Management, L.P.$53M
- TRV GP IV, LLC$52M
- ARCH Venture Management, LLC$48M
- JANUS HENDERSON GROUP PLC$45M
- MARSHALL WACE, LLP$26M
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 |
|---|---|---|---|---|
| Frazier Life Sciences Management, L.P. | 4,567,274 | $136M | 8.1% | 2026-Q1 |
| TRV GP IV, LLC | 4,473,958 | $134M | 7.9% | 2026-Q1 |
| ARCH Venture Management, LLC | 4,120,053 | $123M | 7.3% | 2026-Q1 |
| Deep Track Capital, LP trimmed | 3,477,562 | $104M | 6.1% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC trimmed | 2,858,876 | $85M | 5.0% | 2026-Q1 |
| Paradigm Biocapital Advisors LP new | 2,744,399 | $82M | 4.8% | 2026-Q1 |
| BlackRock, Inc. added | 2,570,425 | $77M | 4.5% | 2026-Q1 |
| a16z Capital Management, L.L.C. | 1,702,225 | $51M | 3.0% | 2026-Q1 |
| Venrock Adviser, LLC added | 1,602,034 | $48M | 2.8% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 1,435,656 | $43M | 2.5% | 2026-Q1 |
| Alphabet Inc. | 1,388,583 | $41M | 2.5% | 2026-Q1 |
| Logos Global Management LP added | 1,235,000 | $37M | 2.2% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. new | 1,178,000 | $35M | 2.1% | 2026-Q1 |
| General Catalyst Group Management, LLC | 1,035,910 | $31M | 1.8% | 2026-Q1 |
| TRV GP V, LLC | 950,800 | $28M | 1.7% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 775,714 | $23M | 1.4% | 2026-Q1 |
| ArrowMark Colorado Holdings LLC | 767,383 | $23M | 1.4% | 2026-Q1 |
| Casdin Capital, LLC | 758,857 | $23M | 1.3% | 2026-Q1 |
| Cormorant Asset Management, LP new | 750,000 | $22M | 1.3% | 2026-Q1 |
| FMR LLC trimmed | 721,942 | $22M | 1.3% | 2026-Q1 |
| Woodline Partners LP trimmed | 650,229 | $19M | 1.1% | 2026-Q1 |
| STATE STREET CORP added | 636,722 | $19M | 1.1% | 2026-Q1 |
| Driehaus Capital Management LLC added | 636,162 | $19M | 1.1% | 2026-Q1 |
| Caligan Partners LP added | 614,962 | $18M | 1.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 599,967 | $18M | 1.1% | 2026-Q1 |
| BESSEMER GROUP INC | 481,790 | $14M | 0.9% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 461,151 | $14M | 0.8% | 2026-Q1 |
| Ikarian Capital, LLC trimmed | 378,999 | $11M | 0.7% | 2026-Q1 |
| FARALLON CAPITAL MANAGEMENT LLC new | 373,000 | $11M | 0.7% | 2026-Q1 |
| HHLR ADVISORS, LTD. trimmed | 366,028 | $11M | 0.6% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 310,639 | $9M | 0.5% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC trimmed | 284,476 | $8M | 0.5% | 2026-Q1 |
| WASHINGTON UNIVERSITY | 280,802 | $8M | 0.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 279,713 | $8M | 0.5% | 2026-Q1 |
| Candriam S.C.A. new | 278,167 | $8M | 0.5% | 2026-Q1 |
| Squadron Capital Management LLC trimmed | 257,500 | $8M | 0.5% | 2026-Q1 |
| Mass General Brigham, Inc | 239,994 | $7M | 0.4% | 2026-Q1 |
| Freestone Grove Partners LP added | 234,953 | $7M | 0.4% | 2026-Q1 |
| SPHERA FUNDS MANAGEMENT LTD. added | 227,343 | $7M | 0.4% | 2026-Q1 |
| Aberdeen Group plc new | 226,227 | $7M | 0.4% | 2026-Q1 |
| NORTHERN TRUST CORP added | 211,382 | $6M | 0.4% | 2026-Q1 |
| MORGAN STANLEY trimmed | 204,831 | $6M | 0.4% | 2026-Q1 |
| Spruce Street Capital LP new | 200,000 | $6M | 0.4% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 195,542 | $6M | 0.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 195,084 | $6M | 0.3% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 186,433 | $6M | 0.3% | 2026-Q1 |
| Ensign Peak Advisors, Inc | 185,794 | $6M | 0.3% | 2026-Q1 |
| Foresite Capital Management IV, LLC trimmed | 156,901 | $5M | 0.3% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 151,000 | $5M | 0.3% | 2026-Q1 |
| Holocene Advisors, LP new | 136,168 | $4M | 0.2% | 2026-Q1 |
| Qube Research & Technologies Ltd new | 134,950 | $4M | 0.2% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 122,695 | $4M | 0.2% | 2026-Q1 |
| Atika Capital Management LLC new | 111,500 | $3M | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 107,486 | $3M | 0.2% | 2026-Q1 |
| Integral Health Asset Management, LLC | 100,000 | $3M | 0.2% | 2026-Q1 |
| Alyeska Investment Group, L.P. trimmed | 100,000 | $3M | 0.2% | 2026-Q1 |
| HighVista Strategies LLC trimmed | 99,850 | $3M | 0.2% | 2026-Q1 |
| UBS Group AG added | 93,898 | $3M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 64,762 | $3M | 0.2% | 2026-Q1 |
| Exome Asset Management LLC new | 88,510 | $3M | 0.2% | 2026-Q1 |
| Invesco Ltd. trimmed | 86,419 | $3M | 0.2% | 2026-Q1 |
| SummitTX Capital, L.P. added | 83,750 | $2M | 0.1% | 2026-Q1 |
| Bank of New York Mellon Corp added | 74,268 | $2M | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 69,375 | $2M | 0.1% | 2026-Q1 |
| Nuveen, LLC added | 63,360 | $2M | 0.1% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 60,587 | $2M | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 59,943 | $2M | 0.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 59,637 | $2M | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 58,446 | $2M | 0.1% | 2026-Q1 |
| ADAR1 Capital Management, LLC trimmed | 50,095 | $1M | 0.1% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 45,636 | $1M | 0.1% | 2026-Q1 |
| Propel Bio Management, LLC new | 43,798 | $1M | 0.1% | 2026-Q1 |
| ALPS ADVISORS INC added | 39,171 | $1M | 0.1% | 2026-Q1 |
| SCHRODER INVESTMENT MANAGEMENT GROUP new | 37,181 | $1M | 0.1% | 2026-Q1 |
| DAFNA Capital Management LLC new | 35,000 | $1M | 0.1% | 2026-Q1 |
| Aquatic Capital Management LLC new | 34,977 | $1M | 0.1% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 32,526 | $971K | 0.1% | 2026-Q1 |
| Parkman Healthcare Partners LLC trimmed | 31,844 | $951K | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 31,513 | $941K | 0.1% | 2026-Q1 |
| TWINBEECH CAPITAL LP new | 30,989 | $925K | 0.1% | 2026-Q1 |
| Seven Fleet Capital Management LP new | 30,707 | $917K | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 29,892 | $892K | 0.1% | 2026-Q1 |
| Walleye Capital LLC new | 27,945 | $834K | 0.0% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 27,345 | $816K | 0.0% | 2026-Q1 |
| VANGUARD GROUP INC added | 1,542,035 | $64M | 3.8% | 2025-Q4 stale |
| Bellevue Group AG new | 887,708 | $37M | 2.2% | 2025-Q4 stale |
| Matrix Capital Management Company, LP trimmed | 480,000 | $20M | 1.2% | 2025-Q4 stale |
| EVENTIDE ASSET MANAGEMENT, LLC new | 324,041 | $13M | 0.8% | 2025-Q4 stale |
| TCG Crossover Management, LLC new | 173,816 | $7M | 0.4% | 2025-Q4 stale |
| STEMPOINT CAPITAL LP new | 125,877 | $5M | 0.3% | 2025-Q4 stale |
| Octagon Capital Advisors LP | 177,667 | $5M | 0.3% | 2025-Q3 stale |
| MPM BIOIMPACT LLC new | 81,145 | $3M | 0.2% | 2025-Q4 stale |
| Affinity Asset Advisors, LLC new | 250,000 | $3M | 0.2% | 2025-Q1 stale |
| Nantahala Capital Management, LLC new | 93,351 | $2M | 0.1% | 2025-Q3 stale |
| HARVARD MANAGEMENT CO INC trimmed | 92,396 | $2M | 0.1% | 2025-Q3 stale |
| Trexquant Investment LP new | 52,459 | $2M | 0.1% | 2025-Q4 stale |
| SEVEN GRAND MANAGERS, LLC new | 50,000 | $2M | 0.1% | 2025-Q4 stale |
| Schonfeld Strategic Advisors LLC trimmed | 48,200 | $2M | 0.1% | 2025-Q4 stale |
| Cinctive Capital Management LP new | 29,134 | $1M | 0.1% | 2025-Q4 stale |
| TUDOR INVESTMENT CORP ET AL new | 24,059 | $997K | 0.1% | 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.