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Institutional Ownership · SEC Form 13F

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.

165
Institutional holders
51,536,129
Shares held (tracked funds)

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).

FundSharesReported value% of valueQuarter
Frazier Life Sciences Management, L.P.4,567,274$136M8.1%2026-Q1
TRV GP IV, LLC4,473,958$134M7.9%2026-Q1
ARCH Venture Management, LLC4,120,053$123M7.3%2026-Q1
Deep Track Capital, LP trimmed3,477,562$104M6.1%2026-Q1
JANUS HENDERSON GROUP PLC trimmed2,858,876$85M5.0%2026-Q1
Paradigm Biocapital Advisors LP new2,744,399$82M4.8%2026-Q1
BlackRock, Inc. added2,570,425$77M4.5%2026-Q1
a16z Capital Management, L.L.C.1,702,225$51M3.0%2026-Q1
Venrock Adviser, LLC added1,602,034$48M2.8%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new1,435,656$43M2.5%2026-Q1
Alphabet Inc.1,388,583$41M2.5%2026-Q1
Logos Global Management LP added1,235,000$37M2.2%2026-Q1
ADAGE CAPITAL PARTNERS GP, L.L.C. new1,178,000$35M2.1%2026-Q1
General Catalyst Group Management, LLC1,035,910$31M1.8%2026-Q1
TRV GP V, LLC950,800$28M1.7%2026-Q1
CITADEL ADVISORS LLC added775,714$23M1.4%2026-Q1
ArrowMark Colorado Holdings LLC767,383$23M1.4%2026-Q1
Casdin Capital, LLC758,857$23M1.3%2026-Q1
Cormorant Asset Management, LP new750,000$22M1.3%2026-Q1
FMR LLC trimmed721,942$22M1.3%2026-Q1
Woodline Partners LP trimmed650,229$19M1.1%2026-Q1
STATE STREET CORP added636,722$19M1.1%2026-Q1
Driehaus Capital Management LLC added636,162$19M1.1%2026-Q1
Caligan Partners LP added614,962$18M1.1%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added599,967$18M1.1%2026-Q1
BESSEMER GROUP INC481,790$14M0.9%2026-Q1
BALYASNY ASSET MANAGEMENT L.P. added461,151$14M0.8%2026-Q1
Ikarian Capital, LLC trimmed378,999$11M0.7%2026-Q1
FARALLON CAPITAL MANAGEMENT LLC new373,000$11M0.7%2026-Q1
HHLR ADVISORS, LTD. trimmed366,028$11M0.6%2026-Q1
MARSHALL WACE, LLP trimmed310,639$9M0.5%2026-Q1
BOOTHBAY FUND MANAGEMENT, LLC trimmed284,476$8M0.5%2026-Q1
WASHINGTON UNIVERSITY280,802$8M0.5%2026-Q1
GOLDMAN SACHS GROUP INC added279,713$8M0.5%2026-Q1
Candriam S.C.A. new278,167$8M0.5%2026-Q1
Squadron Capital Management LLC trimmed257,500$8M0.5%2026-Q1
Mass General Brigham, Inc239,994$7M0.4%2026-Q1
Freestone Grove Partners LP added234,953$7M0.4%2026-Q1
SPHERA FUNDS MANAGEMENT LTD. added227,343$7M0.4%2026-Q1
Aberdeen Group plc new226,227$7M0.4%2026-Q1
NORTHERN TRUST CORP added211,382$6M0.4%2026-Q1
MORGAN STANLEY trimmed204,831$6M0.4%2026-Q1
Spruce Street Capital LP new200,000$6M0.4%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new195,542$6M0.3%2026-Q1
BANK OF AMERICA CORP /DE/ added195,084$6M0.3%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added186,433$6M0.3%2026-Q1
Ensign Peak Advisors, Inc185,794$6M0.3%2026-Q1
Foresite Capital Management IV, LLC trimmed156,901$5M0.3%2026-Q1
VANGUARD FIDUCIARY TRUST CO new151,000$5M0.3%2026-Q1
Holocene Advisors, LP new136,168$4M0.2%2026-Q1
Qube Research & Technologies Ltd new134,950$4M0.2%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ added122,695$4M0.2%2026-Q1
Atika Capital Management LLC new111,500$3M0.2%2026-Q1
AMERIPRISE FINANCIAL INC added107,486$3M0.2%2026-Q1
Integral Health Asset Management, LLC100,000$3M0.2%2026-Q1
Alyeska Investment Group, L.P. trimmed100,000$3M0.2%2026-Q1
HighVista Strategies LLC trimmed99,850$3M0.2%2026-Q1
UBS Group AG added93,898$3M0.2%2026-Q1
ALLIANCEBERNSTEIN L.P. added64,762$3M0.2%2026-Q1
Exome Asset Management LLC new88,510$3M0.2%2026-Q1
Invesco Ltd. trimmed86,419$3M0.2%2026-Q1
SummitTX Capital, L.P. added83,750$2M0.1%2026-Q1
Bank of New York Mellon Corp added74,268$2M0.1%2026-Q1
RAYMOND JAMES FINANCIAL INC added69,375$2M0.1%2026-Q1
Nuveen, LLC added63,360$2M0.1%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP trimmed60,587$2M0.1%2026-Q1
OSAIC HOLDINGS, INC. added59,943$2M0.1%2026-Q1
FRANKLIN RESOURCES INC added59,637$2M0.1%2026-Q1
JPMORGAN CHASE & CO added58,446$2M0.1%2026-Q1
ADAR1 Capital Management, LLC trimmed50,095$1M0.1%2026-Q1
D. E. Shaw & Co., Inc. added45,636$1M0.1%2026-Q1
Propel Bio Management, LLC new43,798$1M0.1%2026-Q1
ALPS ADVISORS INC added39,171$1M0.1%2026-Q1
SCHRODER INVESTMENT MANAGEMENT GROUP new37,181$1M0.1%2026-Q1
DAFNA Capital Management LLC new35,000$1M0.1%2026-Q1
Aquatic Capital Management LLC new34,977$1M0.1%2026-Q1
Russell Investments Group, Ltd. added32,526$971K0.1%2026-Q1
Parkman Healthcare Partners LLC trimmed31,844$951K0.1%2026-Q1
RHUMBLINE ADVISERS added31,513$941K0.1%2026-Q1
TWINBEECH CAPITAL LP new30,989$925K0.1%2026-Q1
Seven Fleet Capital Management LP new30,707$917K0.1%2026-Q1
MILLENNIUM MANAGEMENT LLC trimmed29,892$892K0.1%2026-Q1
Walleye Capital LLC new27,945$834K0.0%2026-Q1
AQR CAPITAL MANAGEMENT LLC trimmed27,345$816K0.0%2026-Q1
VANGUARD GROUP INC added1,542,035$64M3.8%2025-Q4 stale
Bellevue Group AG new887,708$37M2.2%2025-Q4 stale
Matrix Capital Management Company, LP trimmed480,000$20M1.2%2025-Q4 stale
EVENTIDE ASSET MANAGEMENT, LLC new324,041$13M0.8%2025-Q4 stale
TCG Crossover Management, LLC new173,816$7M0.4%2025-Q4 stale
STEMPOINT CAPITAL LP new125,877$5M0.3%2025-Q4 stale
Octagon Capital Advisors LP177,667$5M0.3%2025-Q3 stale
MPM BIOIMPACT LLC new81,145$3M0.2%2025-Q4 stale
Affinity Asset Advisors, LLC new250,000$3M0.2%2025-Q1 stale
Nantahala Capital Management, LLC new93,351$2M0.1%2025-Q3 stale
HARVARD MANAGEMENT CO INC trimmed92,396$2M0.1%2025-Q3 stale
Trexquant Investment LP new52,459$2M0.1%2025-Q4 stale
SEVEN GRAND MANAGERS, LLC new50,000$2M0.1%2025-Q4 stale
Schonfeld Strategic Advisors LLC trimmed48,200$2M0.1%2025-Q4 stale
Cinctive Capital Management LP new29,134$1M0.1%2025-Q4 stale
TUDOR INVESTMENT CORP ET AL new24,059$997K0.1%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.

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