Skip to main content Skip to main content
Institutional Ownership · SEC Form 13F

Who owns Ultragenyx Pharmaceutical Inc. (RARE)


Which tracked institutional funds hold RARE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See RARE 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.

295
Institutional holders
99M
Shares held (tracked funds)

How the tape is positioned

97 tracked funds added or opened RARE while 85 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

RARE’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes RARE more heavily than its largest holder by dollar value does.

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 2025-Q4 and 2026-Q1, across 295 tracked filers holding RARE, 185 increased or opened the position and 141 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 RARE 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 34

  • VANGUARD PORTFOLIO MANAGEMENT LLC$113M
  • VANGUARD CAPITAL MANAGEMENT LLC$88M
  • Jones Hill Capital LP$24M
  • Qube Research & Technologies Ltd$19M
  • Point72 Asset Management, L.P.$19M
  • Eagle Health Investments LP$19M

Full exits 24

  • VANGUARD GROUP INC$219M
  • BAKER BROS. ADVISORS LP$64M
  • SUVRETTA CAPITAL MANAGEMENT, LLC$46M
  • Polar Capital Holdings Plc$13M
  • TWO SIGMA ADVISERS, LP$11M
  • Hudson Bay Capital Management LP$8M

Largest adds

  • AQR CAPITAL MANAGEMENT LLC$64M
  • Sofinnova Investments, Inc.$64M
  • Bellevue Group AG$50M
  • Assenagon Asset Management S.A.$43M
  • TWO SIGMA INVESTMENTS, LP$36M
  • D. E. Shaw & Co., Inc.$18M

Largest trims

  • JPMORGAN CHASE & CO$87M
  • FMR LLC$55M
  • NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$45M
  • BNP PARIBAS ASSET MANAGEMENT Holding S.A.$35M
  • Aberdeen Group plc$33M
  • JANE STREET GROUP, LLC$20M

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
BlackRock, Inc. added7,299,598$153M5.8%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new5,385,992$113M4.3%2026-Q1
STATE STREET CORP added5,021,441$105M4.0%2026-Q1
AQR CAPITAL MANAGEMENT LLC added4,561,242$96M3.6%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new4,189,831$88M3.3%2026-Q1
RTW INVESTMENTS, LP added3,648,795$76M2.9%2026-Q1
SANDS CAPITAL MANAGEMENT, LLC trimmed3,214,533$67M2.6%2026-Q1
Sofinnova Investments, Inc. added3,145,888$66M2.5%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP added2,615,640$55M2.1%2026-Q1
Bellevue Group AG added2,380,000$50M1.9%2026-Q1
Assenagon Asset Management S.A. added2,257,671$47M1.8%2026-Q1
TWO SIGMA INVESTMENTS, LP added2,205,820$46M1.8%2026-Q1
FRONTIER CAPITAL MANAGEMENT CO LLC added2,191,182$46M1.7%2026-Q1
CITADEL ADVISORS LLC trimmed2,115,491$44M1.7%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added1,849,391$39M1.5%2026-Q1
MILLENNIUM MANAGEMENT LLC added1,772,184$37M1.4%2026-Q1
NORGES BANK trimmed983,638$36M1.4%2026-Q1
GW&K Investment Management, LLC added1,615,426$34M1.3%2026-Q1
MORGAN STANLEY trimmed1,500,528$31M1.2%2026-Q1
JACOBS LEVY EQUITY MANAGEMENT, INC trimmed1,431,071$30M1.1%2026-Q1
VOLORIDGE INVESTMENT MANAGEMENT, LLC added1,426,834$30M1.1%2026-Q1
D. E. Shaw & Co., Inc. added1,261,018$26M1.0%2026-Q1
Rock Springs Capital Management LP trimmed1,218,773$26M1.0%2026-Q1
Jones Hill Capital LP new1,165,557$24M0.9%2026-Q1
Candriam S.C.A. added1,096,182$23M0.9%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed1,046,546$22M0.8%2026-Q1
Qube Research & Technologies Ltd added914,760$19M0.7%2026-Q1
Point72 Asset Management, L.P. added893,295$19M0.7%2026-Q1
Eagle Health Investments LP added884,121$19M0.7%2026-Q1
Catalio Capital Management, LP added850,797$18M0.7%2026-Q1
UBS Group AG added832,740$17M0.7%2026-Q1
SPHERA FUNDS MANAGEMENT LTD. added809,333$17M0.6%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ trimmed804,109$17M0.6%2026-Q1
Nuveen, LLC trimmed662,054$14M0.5%2026-Q1
HRT FINANCIAL LP added613,229$13M0.5%2026-Q1
VANGUARD FIDUCIARY TRUST CO new608,219$13M0.5%2026-Q1
Palo Alto Investors LP added596,495$12M0.5%2026-Q1
Legal & General Group Plc added590,294$12M0.5%2026-Q1
RENAISSANCE TECHNOLOGIES LLC added561,700$12M0.4%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed558,486$12M0.4%2026-Q1
Pictet Asset Management Holding SA trimmed603,571$12M0.4%2026-Q1
NORTHERN TRUST CORP added535,566$11M0.4%2026-Q1
SUSQUEHANNA INTERNATIONAL GROUP, LLP added524,798$11M0.4%2026-Q1
Jump Financial, LLC added504,143$11M0.4%2026-Q1
Connor, Clark & Lunn Investment Management Ltd. added500,922$10M0.4%2026-Q1
Schonfeld Strategic Advisors LLC trimmed494,737$10M0.4%2026-Q1
BNP PARIBAS FINANCIAL MARKETS trimmed490,783$10M0.4%2026-Q1
Ikarian Capital, LLC added482,571$10M0.4%2026-Q1
ADAGE CAPITAL PARTNERS GP, L.L.C. added480,000$10M0.4%2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THE added451,119$9M0.4%2026-Q1
Squarepoint Ops LLC added444,539$9M0.4%2026-Q1
ALGERT GLOBAL LLC added428,529$9M0.3%2026-Q1
BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed418,149$9M0.3%2026-Q1
Russell Investments Group, Ltd. trimmed402,959$8M0.3%2026-Q1
Newtyn Management, LLC added400,000$8M0.3%2026-Q1
Krensavage Asset Management, LLC added390,879$8M0.3%2026-Q1
Trexquant Investment LP added389,467$8M0.3%2026-Q1
BALYASNY ASSET MANAGEMENT L.P. trimmed384,364$8M0.3%2026-Q1
Privium Fund Management B.V. added364,802$8M0.3%2026-Q1
GOLDMAN SACHS GROUP INC trimmed353,097$7M0.3%2026-Q1
SummitTX Capital, L.P. added347,760$7M0.3%2026-Q1
Bank of New York Mellon Corp added341,125$7M0.3%2026-Q1
CITIGROUP INC added315,440$7M0.3%2026-Q1
FRANKLIN RESOURCES INC added312,628$7M0.2%2026-Q1
Blue Owl Capital Holdings LP added302,638$6M0.2%2026-Q1
FRED ALGER MANAGEMENT, LLC trimmed298,032$6M0.2%2026-Q1
Invesco Ltd. added289,572$6M0.2%2026-Q1
GordonMD Global Investments LP trimmed289,101$6M0.2%2026-Q1
FMR LLC trimmed287,316$6M0.2%2026-Q1
VANGUARD GROUP INC trimmed9,526,967$219M8.3%2025-Q4 stale
BAKER BROS. ADVISORS LP2,772,692$64M2.4%2025-Q4 stale
ALKEON CAPITAL MANAGEMENT LLC1,685,729$61M2.3%2025-Q2 stale
Deep Track Capital, LP1,350,000$49M1.9%2025-Q2 stale
SUVRETTA CAPITAL MANAGEMENT, LLC2,019,000$46M1.8%2025-Q4 stale
Frazier Life Sciences Management, L.P.983,715$30M1.1%2025-Q3 stale
Vestal Point Capital, LP added750,000$23M0.9%2025-Q3 stale
LOOMIS SAYLES & CO L P trimmed549,538$20M0.8%2025-Q2 stale
Driehaus Capital Management LLC trimmed603,397$18M0.7%2025-Q3 stale
BRAIDWELL LP new588,700$18M0.7%2025-Q3 stale
AXA S.A. added456,666$17M0.6%2025-Q2 stale
Alyeska Investment Group, L.P. trimmed531,996$16M0.6%2025-Q3 stale
FEDERATED HERMES, INC. trimmed496,060$15M0.6%2025-Q3 stale
Cutter Capital Management, LP trimmed379,303$14M0.5%2025-Q1 stale
Polar Capital Holdings Plc trimmed556,628$13M0.5%2025-Q4 stale
AXA Investment Managers S.A. new417,198$13M0.5%2025-Q3 stale
Avoro Capital Advisors LLC trimmed330,000$12M0.5%2025-Q2 stale
MPM BIOIMPACT LLC395,700$12M0.5%2025-Q3 stale
TWO SIGMA ADVISERS, LP trimmed481,600$11M0.4%2025-Q4 stale
PERCEPTIVE ADVISORS LLC added270,000$10M0.4%2025-Q2 stale
BANK OF NOVA SCOTIA added241,985$9M0.3%2025-Q2 stale
First Light Asset Management, LLC trimmed285,699$9M0.3%2025-Q3 stale
Hudson Bay Capital Management LP265,000$8M0.3%2025-Q4 stale
Granite Investment Partners, LLC added216,883$8M0.3%2025-Q1 stale
GREAT POINT PARTNERS LLC trimmed300,000$7M0.3%2025-Q4 stale
PEREGRINE CAPITAL MANAGEMENT LLC added189,520$7M0.3%2025-Q2 stale
Yiheng Capital Management, L.P. new225,758$7M0.3%2025-Q3 stale
Verition Fund Management LLC added282,376$6M0.2%2025-Q4 stale
MACQUARIE GROUP LTD trimmed200,717$6M0.2%2025-Q3 stale
Ally Bridge Group (NY) LLC trimmed1,600$6M0.2%2025-Q2 stale
Avidity Partners Management LP trimmed154,000$6M0.2%2025-Q2 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