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Institutional Ownership · SEC Form 13F

Who owns Ultragenyx Pharmaceutical (RARE)


Which tracked institutional funds hold RARE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings (the quarterly holdings report each institutional manager files). See RARE company fundamentals →

Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F season: the 2026-Q3 13F deadline is 45 days after the quarter ends (2026-11-14). We have loaded 2 so far; most arrive with the SEC’s quarterly bulk 13F data set, which we load after the SEC publishes it, so this count is not how many funds have filed.

294
Institutional holders
105M
Shares held (tracked funds)

How tracked funds are positioned

163 tracked funds added shares of RARE or opened a position while 132 sold shares or exited between 2026-Q1 and 2026-Q2 — the funds were divided. A split like this shows that funds disagreed; the filings do not say why.

Adds and trims are measured by share count, adjusted for stock splits; the dollar figure beside a change is the value of the shares added or sold at the newer filing's price, shown for context only. 28 funds had no complete filing on file for 2026-Q1 or 2026-Q2: no 13F stored, a filing under a fifth the size of the quarter beside it (usually an amendment stored on its own, sometimes a fund that sold most of its holdings), or a first 13F, as when a book moves to a new CIK. They are left out of the new buyers, exits and changes.

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

RARE’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0 percentage-point conviction gap — its largest holder concentrates the name more heavily than the typical one.

Book-share is each fund’s reported value in RARE 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 294 tracked filers holding RARE, 163 increased or opened the position and 132 reduced or closed it, by share count adjusted for splits; over the same quarter, open-market insider Form 4s were net sales.

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 RARE 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.

Adds and trims are measured by share count, adjusted for stock splits; the dollar figure beside a change is the value of the shares added or sold at the newer filing's price, shown for context only. 28 funds had no complete filing on file for 2026-Q1 or 2026-Q2: no 13F stored, a filing under a fifth the size of the quarter beside it (usually an amendment stored on its own, sometimes a fund that sold most of its holdings), or a first 13F, as when a book moves to a new CIK. They are left out of the new buyers, exits and changes.

New buyers 55

  • Mpm Bioimpact LLC$47.4M
  • Panagora Asset Management Inc$19.6M
  • Ghisallo Capital Management LLC$5.0M
  • Apollon Wealth Management, LLC$4.1M
  • Diversified Trust Co$1.4M
  • Focus Partners Wealth$0.8M

Full exits 38

  • Jones Hill Capital LP$24.4M
  • Point72 Asset Management, L.P.$18.7M
  • Newtyn Management, LLC$8.4M
  • Balyasny Asset Management L.P.$8.1M
  • Parkman Healthcare Partners LLC$4.9M
  • Jane Street Group, LLC$3.6M

Largest adds

  • Rtw Investments, LP$139M
  • BlackRock, Inc.$112M
  • AQR Capital Management LLC$65M
  • Jacobs Levy Equity Management, Inc$50M
  • Two Sigma Investments, LP$47M
  • Vanguard Portfolio Management LLC$47M

Largest trims

  • Assenagon Asset Management S.A.$71.3M
  • Citadel Advisors LLC$63.6M
  • Sofinnova Investments, Inc.$47.7M
  • Wellington Management Group LLP$45.6M
  • Millennium Management LLC$33.8M
  • Catalio Capital Management, LP$17.8M

Institutional holders

One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). The table lists 100 of the 294 tracked holders; the rest count toward the figures above but are not listed. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.

Institutional holders
FundSharesReported value% of valueQuarter
BlackRock, Inc. added10,654,276$356M10.6%2026-Q2
Rtw Investments, LP added7,796,895$260M7.8%2026-Q2
Vanguard Portfolio Management LLC added6,790,135$227M6.8%2026-Q2
AQR Capital Management LLC added6,560,809$214M6.4%2026-Q2
State Street Corp added6,158,766$206M6.1%2026-Q2
Vanguard Capital Management LLC added4,296,491$143M4.3%2026-Q2
Two Sigma Investments, LP added3,621,200$121M3.6%2026-Q2
Sands Capital Management, LLC trimmed3,158,368$105M3.1%2026-Q2
Jacobs Levy Equity Management, Inc added2,939,719$98M2.9%2026-Q2
Frontier Capital Management Co LLC added2,847,936$95M2.8%2026-Q2
Geode Capital Management, LLC added2,578,828$86M2.6%2026-Q2
Bellevue Group AG trimmed1,982,775$66M2.0%2026-Q2
D. E. Shaw & Co., Inc. added1,730,193$58M1.7%2026-Q2
Sofinnova Investments, Inc. trimmed1,717,505$57M1.7%2026-Q2
Adage Capital Partners Gp, L.L.C. added1,580,000$53M1.6%2026-Q2
Mpm Bioimpact LLC new1,418,215$47M1.4%2026-Q2
Price T Rowe Associates Inc added1,356,501$45M1.4%2026-Q2
Morgan Stanley trimmed1,324,805$44M1.3%2026-Q2
Wellington Management Group LLP trimmed1,250,464$42M1.2%2026-Q2
Voloridge Investment Management, LLC trimmed1,241,556$41M1.2%2026-Q2
Bank of America Corp added1,148,454$38M1.1%2026-Q2
Candriam S.C.A. trimmed1,001,841$33M1.0%2026-Q2
Rock Springs Capital Management LP trimmed967,855$32M1.0%2026-Q2
Jefferies Financial Group Inc. added929,626$31M0.9%2026-Q2
Northern Trust Corp added920,314$31M0.9%2026-Q2
Eagle Health Investments LP884,121$30M0.9%2026-Q2
Qube Research & Technologies Ltd trimmed882,219$29M0.9%2026-Q2
Russell Investments Group, Ltd. added784,099$26M0.8%2026-Q2
Millennium Management LLC trimmed760,825$25M0.8%2026-Q2
Charles Schwab Investment Management Inc added760,039$25M0.8%2026-Q2
Pictet Asset Management Holding SA added753,695$23M0.7%2026-Q2
Nuveen, LLC added693,959$23M0.7%2026-Q2
Vanguard Fiduciary Trust Co added671,411$22M0.7%2026-Q2
UBS Group AG trimmed657,699$22M0.7%2026-Q2
Palo Alto Investors LP596,495$20M0.6%2026-Q2
Sphera Funds Management Ltd. trimmed588,494$20M0.6%2026-Q2
Legal & General Group Plc trimmed586,520$20M0.6%2026-Q2
Panagora Asset Management Inc new586,230$20M0.6%2026-Q2
FMR LLC added576,849$19M0.6%2026-Q2
Goldman Sachs Group Inc added575,338$19M0.6%2026-Q2
Trexquant Investment LP added556,385$19M0.6%2026-Q2
BNP Paribas Financial Markets added498,167$17M0.5%2026-Q2
JPMorgan Chase & Co added493,126$15M0.5%2026-Q2
Bank of New York Mellon Corp added470,697$16M0.5%2026-Q2
Toronto Dominion Bank added415,000$14M0.4%2026-Q2
Renaissance Technologies LLC trimmed413,700$14M0.4%2026-Q2
BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed409,255$14M0.4%2026-Q2
Algert Global LLC trimmed389,964$13M0.4%2026-Q2
Manufacturers Life Insurance Company, the trimmed381,420$13M0.4%2026-Q2
SummitTX Capital, L.P. added374,270$12M0.4%2026-Q2
Privium Fund Management B.V. trimmed338,800$11M0.3%2026-Q2
Squarepoint Ops LLC trimmed338,368$11M0.3%2026-Q2
Walleye Capital LLC added334,854$11M0.3%2026-Q2
Catalio Capital Management, LP trimmed316,252$11M0.3%2026-Q2
Franklin Resources Inc added315,766$11M0.3%2026-Q2
Citigroup Inc trimmed298,785$10M0.3%2026-Q2
Nomura Asset Management International Inc. added297,819$10M0.3%2026-Q2
Ensign Peak Advisors, Inc added290,818$10M0.3%2026-Q2
GordonMD Global Investments LP289,101$10M0.3%2026-Q2
Jump Financial, LLC trimmed286,952$10M0.3%2026-Q2
Massachusetts Financial Services Co added272,882$9M0.3%2026-Q2
Invesco Ltd. trimmed250,533$8M0.2%2026-Q2
Quantinno Capital Management LP added250,466$8M0.2%2026-Q2
Kennedy Capital Management LLC trimmed215,997$7M0.2%2026-Q2
Worldquant Millennium Advisors LLC added214,374$7M0.2%2026-Q2
SEI Investments Co added211,833$7M0.2%2026-Q2
Citadel Advisors LLC trimmed210,531$7M0.2%2026-Q2
Ishara Investments LP added205,000$7M0.2%2026-Q2
Man Group plc trimmed195,110$7M0.2%2026-Q2
Fifth Third Bancorp added193,236$6M0.2%2026-Q2
Connor, Clark & Lunn Investment Management Ltd. trimmed191,578$6M0.2%2026-Q2
Blue Owl Capital Holdings LP trimmed182,638$6M0.2%2026-Q2
Susquehanna International Group, LLP trimmed180,871$6M0.2%2026-Q2
Schroder Investment Management Group trimmed172,086$5M0.2%2026-Q2
Woodline Partners LP171,805$6M0.2%2026-Q2
Atom Investors LP added171,771$6M0.2%2026-Q2
Swiss National Bank trimmed167,652$6M0.2%2026-Q2
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed167,226$6M0.2%2026-Q2
Ikarian Capital, LLC trimmed165,617$6M0.2%2026-Q2
Deutsche Bank AG added164,813$6M0.2%2026-Q2
Marshall Wace, LLP added159,889$5M0.2%2026-Q2
Wells Fargo & Company added157,643$5M0.2%2026-Q2
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added156,809$5M0.2%2026-Q2
Boothbay Fund Management, LLC added156,612$5M0.2%2026-Q2
Barclays PLC trimmed154,876$5M0.2%2026-Q2
Eversept Partners, LP added154,130$5M0.2%2026-Q2
Ghisallo Capital Management LLC new150,000$5M0.1%2026-Q2
Corient Private Wealth LP added146,632$5M0.1%2026-Q2
Mariner, LLC added146,400$5M0.1%2026-Q2
Fred Alger Management, LLC trimmed143,155$5M0.1%2026-Q2
SR One Capital Management, LP137,753$5M0.1%2026-Q2
B Group, Inc.135,000$5M0.1%2026-Q2
Pinnacle Associates Ltd added131,104$4M0.1%2026-Q2
Caption Management, LLC added130,000$4M0.1%2026-Q2
Moore Capital Management, LP trimmed128,035$4M0.1%2026-Q2
Rhumbline Advisers added124,125$4M0.1%2026-Q2
Apollon Wealth Management, LLC new123,449$4M0.1%2026-Q2
Odyssean, LLC added122,087$4M0.1%2026-Q2
Assenagon Asset Management S.A. trimmed120,864$4M0.1%2026-Q2
Ieq Capital, LLC added106,026$4M0.1%2026-Q2

Ownership over time

Tracked institutional holder count and total shares held by filing quarter, 2016-Q4 to 2026-Q2 (independent scales). 3 earlier quarters with filings from under a quarter of the usual filers are left off.

HoldersTotal shares

2016-Q4: 1 holders, 10 shares. 2026-Q2: 294 holders, 105M shares. Fewest holders 1 (2016-Q4); most 316 (2024-Q4).

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. 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