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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 7,299,598 | $153M | 5.8% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 5,385,992 | $113M | 4.3% | 2026-Q1 |
| STATE STREET CORP added | 5,021,441 | $105M | 4.0% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 4,561,242 | $96M | 3.6% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 4,189,831 | $88M | 3.3% | 2026-Q1 |
| RTW INVESTMENTS, LP added | 3,648,795 | $76M | 2.9% | 2026-Q1 |
| SANDS CAPITAL MANAGEMENT, LLC trimmed | 3,214,533 | $67M | 2.6% | 2026-Q1 |
| Sofinnova Investments, Inc. added | 3,145,888 | $66M | 2.5% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 2,615,640 | $55M | 2.1% | 2026-Q1 |
| Bellevue Group AG added | 2,380,000 | $50M | 1.9% | 2026-Q1 |
| Assenagon Asset Management S.A. added | 2,257,671 | $47M | 1.8% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 2,205,820 | $46M | 1.8% | 2026-Q1 |
| FRONTIER CAPITAL MANAGEMENT CO LLC added | 2,191,182 | $46M | 1.7% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 2,115,491 | $44M | 1.7% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,849,391 | $39M | 1.5% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 1,772,184 | $37M | 1.4% | 2026-Q1 |
| NORGES BANK trimmed | 983,638 | $36M | 1.4% | 2026-Q1 |
| GW&K Investment Management, LLC added | 1,615,426 | $34M | 1.3% | 2026-Q1 |
| MORGAN STANLEY trimmed | 1,500,528 | $31M | 1.2% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 1,431,071 | $30M | 1.1% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 1,426,834 | $30M | 1.1% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 1,261,018 | $26M | 1.0% | 2026-Q1 |
| Rock Springs Capital Management LP trimmed | 1,218,773 | $26M | 1.0% | 2026-Q1 |
| Jones Hill Capital LP new | 1,165,557 | $24M | 0.9% | 2026-Q1 |
| Candriam S.C.A. added | 1,096,182 | $23M | 0.9% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,046,546 | $22M | 0.8% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 914,760 | $19M | 0.7% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 893,295 | $19M | 0.7% | 2026-Q1 |
| Eagle Health Investments LP added | 884,121 | $19M | 0.7% | 2026-Q1 |
| Catalio Capital Management, LP added | 850,797 | $18M | 0.7% | 2026-Q1 |
| UBS Group AG added | 832,740 | $17M | 0.7% | 2026-Q1 |
| SPHERA FUNDS MANAGEMENT LTD. added | 809,333 | $17M | 0.6% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 804,109 | $17M | 0.6% | 2026-Q1 |
| Nuveen, LLC trimmed | 662,054 | $14M | 0.5% | 2026-Q1 |
| HRT FINANCIAL LP added | 613,229 | $13M | 0.5% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 608,219 | $13M | 0.5% | 2026-Q1 |
| Palo Alto Investors LP added | 596,495 | $12M | 0.5% | 2026-Q1 |
| Legal & General Group Plc added | 590,294 | $12M | 0.5% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 561,700 | $12M | 0.4% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 558,486 | $12M | 0.4% | 2026-Q1 |
| Pictet Asset Management Holding SA trimmed | 603,571 | $12M | 0.4% | 2026-Q1 |
| NORTHERN TRUST CORP added | 535,566 | $11M | 0.4% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 524,798 | $11M | 0.4% | 2026-Q1 |
| Jump Financial, LLC added | 504,143 | $11M | 0.4% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 500,922 | $10M | 0.4% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC trimmed | 494,737 | $10M | 0.4% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 490,783 | $10M | 0.4% | 2026-Q1 |
| Ikarian Capital, LLC added | 482,571 | $10M | 0.4% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. added | 480,000 | $10M | 0.4% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 451,119 | $9M | 0.4% | 2026-Q1 |
| Squarepoint Ops LLC added | 444,539 | $9M | 0.4% | 2026-Q1 |
| ALGERT GLOBAL LLC added | 428,529 | $9M | 0.3% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed | 418,149 | $9M | 0.3% | 2026-Q1 |
| Russell Investments Group, Ltd. trimmed | 402,959 | $8M | 0.3% | 2026-Q1 |
| Newtyn Management, LLC added | 400,000 | $8M | 0.3% | 2026-Q1 |
| Krensavage Asset Management, LLC added | 390,879 | $8M | 0.3% | 2026-Q1 |
| Trexquant Investment LP added | 389,467 | $8M | 0.3% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 384,364 | $8M | 0.3% | 2026-Q1 |
| Privium Fund Management B.V. added | 364,802 | $8M | 0.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 353,097 | $7M | 0.3% | 2026-Q1 |
| SummitTX Capital, L.P. added | 347,760 | $7M | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp added | 341,125 | $7M | 0.3% | 2026-Q1 |
| CITIGROUP INC added | 315,440 | $7M | 0.3% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 312,628 | $7M | 0.2% | 2026-Q1 |
| Blue Owl Capital Holdings LP added | 302,638 | $6M | 0.2% | 2026-Q1 |
| FRED ALGER MANAGEMENT, LLC trimmed | 298,032 | $6M | 0.2% | 2026-Q1 |
| Invesco Ltd. added | 289,572 | $6M | 0.2% | 2026-Q1 |
| GordonMD Global Investments LP trimmed | 289,101 | $6M | 0.2% | 2026-Q1 |
| FMR LLC trimmed | 287,316 | $6M | 0.2% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 9,526,967 | $219M | 8.3% | 2025-Q4 stale |
| BAKER BROS. ADVISORS LP | 2,772,692 | $64M | 2.4% | 2025-Q4 stale |
| ALKEON CAPITAL MANAGEMENT LLC | 1,685,729 | $61M | 2.3% | 2025-Q2 stale |
| Deep Track Capital, LP | 1,350,000 | $49M | 1.9% | 2025-Q2 stale |
| SUVRETTA CAPITAL MANAGEMENT, LLC | 2,019,000 | $46M | 1.8% | 2025-Q4 stale |
| Frazier Life Sciences Management, L.P. | 983,715 | $30M | 1.1% | 2025-Q3 stale |
| Vestal Point Capital, LP added | 750,000 | $23M | 0.9% | 2025-Q3 stale |
| LOOMIS SAYLES & CO L P trimmed | 549,538 | $20M | 0.8% | 2025-Q2 stale |
| Driehaus Capital Management LLC trimmed | 603,397 | $18M | 0.7% | 2025-Q3 stale |
| BRAIDWELL LP new | 588,700 | $18M | 0.7% | 2025-Q3 stale |
| AXA S.A. added | 456,666 | $17M | 0.6% | 2025-Q2 stale |
| Alyeska Investment Group, L.P. trimmed | 531,996 | $16M | 0.6% | 2025-Q3 stale |
| FEDERATED HERMES, INC. trimmed | 496,060 | $15M | 0.6% | 2025-Q3 stale |
| Cutter Capital Management, LP trimmed | 379,303 | $14M | 0.5% | 2025-Q1 stale |
| Polar Capital Holdings Plc trimmed | 556,628 | $13M | 0.5% | 2025-Q4 stale |
| AXA Investment Managers S.A. new | 417,198 | $13M | 0.5% | 2025-Q3 stale |
| Avoro Capital Advisors LLC trimmed | 330,000 | $12M | 0.5% | 2025-Q2 stale |
| MPM BIOIMPACT LLC | 395,700 | $12M | 0.5% | 2025-Q3 stale |
| TWO SIGMA ADVISERS, LP trimmed | 481,600 | $11M | 0.4% | 2025-Q4 stale |
| PERCEPTIVE ADVISORS LLC added | 270,000 | $10M | 0.4% | 2025-Q2 stale |
| BANK OF NOVA SCOTIA added | 241,985 | $9M | 0.3% | 2025-Q2 stale |
| First Light Asset Management, LLC trimmed | 285,699 | $9M | 0.3% | 2025-Q3 stale |
| Hudson Bay Capital Management LP | 265,000 | $8M | 0.3% | 2025-Q4 stale |
| Granite Investment Partners, LLC added | 216,883 | $8M | 0.3% | 2025-Q1 stale |
| GREAT POINT PARTNERS LLC trimmed | 300,000 | $7M | 0.3% | 2025-Q4 stale |
| PEREGRINE CAPITAL MANAGEMENT LLC added | 189,520 | $7M | 0.3% | 2025-Q2 stale |
| Yiheng Capital Management, L.P. new | 225,758 | $7M | 0.3% | 2025-Q3 stale |
| Verition Fund Management LLC added | 282,376 | $6M | 0.2% | 2025-Q4 stale |
| MACQUARIE GROUP LTD trimmed | 200,717 | $6M | 0.2% | 2025-Q3 stale |
| Ally Bridge Group (NY) LLC trimmed | 1,600 | $6M | 0.2% | 2025-Q2 stale |
| Avidity Partners Management LP trimmed | 154,000 | $6M | 0.2% | 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.
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.