Who owns SAB Biotherapeutics, Inc. (SABS)
Which tracked institutional funds hold SABS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SABS company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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
The tracked-fund tape on SABS is one-sided between 2025-Q4 and 2026-Q1: 29 added or opened and 2 trimmed or exited — on balance accumulating.
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
SABS’s largest tracked holder by dollar value, Vivo Capital, LLC, sizes it at 3.6% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 3.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SABS 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 80 tracked filers holding SABS, 59 increased or opened the position and 16 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
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 SABS 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 13
- Caligan Partners LP$31M
- ADAGE CAPITAL PARTNERS GP, L.L.C.$13M
- VANGUARD CAPITAL MANAGEMENT LLC$10M
- BOOTHBAY FUND MANAGEMENT, LLC$6M
- Ensign Peak Advisors, Inc$5M
- Soleus Capital Management, L.P.$4M
Full exits 1
- VANGUARD GROUP INC$7M
Largest adds
- PERCEPTIVE ADVISORS LLC$22M
- BALYASNY ASSET MANAGEMENT L.P.$13M
- MILLENNIUM MANAGEMENT LLC$10M
- AMERIPRISE FINANCIAL INC$5M
- ExodusPoint Capital Management, LP$3M
- Propel Bio Management, LLC$1M
Largest trims
- Blackstone Inc.$5M
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 |
|---|---|---|---|---|
| Vivo Capital, LLC | 11,420,000 | $44M | 15.8% | 2026-Q1 |
| Caligan Partners LP new | 7,967,207 | $31M | 11.0% | 2026-Q1 |
| PERCEPTIVE ADVISORS LLC added | 6,431,743 | $25M | 8.9% | 2026-Q1 |
| RA CAPITAL MANAGEMENT, L.P. | 4,401,500 | $17M | 6.1% | 2026-Q1 |
| Commodore Capital LP | 4,401,500 | $17M | 6.1% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 3,760,439 | $14M | 5.2% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. new | 3,405,553 | $13M | 4.7% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 3,032,697 | $12M | 4.2% | 2026-Q1 |
| Woodline Partners LP added | 2,851,791 | $11M | 3.9% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 2,493,737 | $10M | 3.5% | 2026-Q1 |
| Spruce Street Capital LP | 2,198,502 | $8M | 3.0% | 2026-Q1 |
| Sessa Capital IM, L.P. | 2,198,457 | $8M | 3.0% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 1,481,660 | $6M | 2.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 1,476,106 | $6M | 2.0% | 2026-Q1 |
| Ensign Peak Advisors, Inc new | 1,375,610 | $5M | 1.9% | 2026-Q1 |
| Soleus Capital Management, L.P. new | 1,050,000 | $4M | 1.5% | 2026-Q1 |
| Propel Bio Management, LLC added | 1,012,790 | $4M | 1.4% | 2026-Q1 |
| Jefferies Financial Group Inc. added | 903,094 | $3M | 1.3% | 2026-Q1 |
| Blackstone Inc. trimmed | 860,170 | $3M | 1.2% | 2026-Q1 |
| ExodusPoint Capital Management, LP added | 768,627 | $3M | 1.1% | 2026-Q1 |
| Affinity Asset Advisors, LLC new | 575,000 | $2M | 0.8% | 2026-Q1 |
| Monashee Investment Management LLC new | 500,000 | $2M | 0.7% | 2026-Q1 |
| MARSHALL WACE, LLP added | 463,925 | $2M | 0.6% | 2026-Q1 |
| Seven Fleet Capital Management LP new | 400,000 | $2M | 0.6% | 2026-Q1 |
| DV Trading LLC new | 400,000 | $2M | 0.6% | 2026-Q1 |
| AWM Investment Company, Inc. added | 400,000 | $2M | 0.6% | 2026-Q1 |
| STEMPOINT CAPITAL LP added | 375,000 | $1M | 0.5% | 2026-Q1 |
| HB Wealth Management, LLC | 307,500 | $1M | 0.4% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 302,036 | $1M | 0.4% | 2026-Q1 |
| BlackRock, Inc. added | 301,326 | $1M | 0.4% | 2026-Q1 |
| SEVEN GRAND MANAGERS, LLC new | 275,000 | $1M | 0.4% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 197,619 | $757K | 0.3% | 2026-Q1 |
| Simplify Asset Management Inc. trimmed | 187,230 | $717K | 0.3% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 181,185 | $694K | 0.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 113,940 | $436K | 0.2% | 2026-Q1 |
| STATE STREET CORP added | 74,231 | $284K | 0.1% | 2026-Q1 |
| Persistent Asset Partners Ltd added | 69,732 | $267K | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 61,741 | $236K | 0.1% | 2026-Q1 |
| Brevan Howard Capital Management LP new | 59,161 | $227K | 0.1% | 2026-Q1 |
| NORTHERN TRUST CORP added | 57,426 | $220K | 0.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 55,697 | $213K | 0.1% | 2026-Q1 |
| Pathstone Holdings, LLC | 50,650 | $194K | 0.1% | 2026-Q1 |
| Stonepine Capital Management, LLC new | 50,000 | $192K | 0.1% | 2026-Q1 |
| FIFTH LANE CAPITAL, LP added | 46,500 | $178K | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 46,455 | $178K | 0.1% | 2026-Q1 |
| Virtu Financial LLC added | 37,943 | $145K | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC new | 37,455 | $143K | 0.1% | 2026-Q1 |
| CITIGROUP INC added | 36,805 | $141K | 0.1% | 2026-Q1 |
| Quadrature Capital Ltd new | 35,264 | $135K | 0.0% | 2026-Q1 |
| PRELUDE CAPITAL MANAGEMENT, LLC new | 34,124 | $131K | 0.0% | 2026-Q1 |
| OMERS ADMINISTRATION Corp trimmed | 29,700 | $114K | 0.0% | 2026-Q1 |
| Qube Research & Technologies Ltd trimmed | 24,098 | $92K | 0.0% | 2026-Q1 |
| First PREMIER Bank | 18,986 | $73K | 0.0% | 2026-Q1 |
| Diametric Capital, LP new | 16,292 | $62K | 0.0% | 2026-Q1 |
| Hudson Bay Capital Management LP trimmed | 16,100 | $62K | 0.0% | 2026-Q1 |
| Catalyst Funds Management Pty Ltd new | 15,100 | $58K | 0.0% | 2026-Q1 |
| Focus Partners Wealth trimmed | 14,036 | $54K | 0.0% | 2026-Q1 |
| Miller Capital Partners, Inc. new | 12,870 | $49K | 0.0% | 2026-Q1 |
| MORGAN STANLEY added | 11,911 | $46K | 0.0% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 11,852 | $45K | 0.0% | 2026-Q1 |
| Scientech Research LLC new | 10,816 | $41K | 0.0% | 2026-Q1 |
| State of Wyoming trimmed | 7,899 | $30K | 0.0% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 7,775 | $30K | 0.0% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. new | 7,700 | $29K | 0.0% | 2026-Q1 |
| Plante Moran Financial Advisors, LLC new | 5,925 | $23K | 0.0% | 2026-Q1 |
| SIMPLEX TRADING, LLC new | 4,713 | $18K | 0.0% | 2026-Q1 |
| LMR Partners LLP | 539,588 | $14K | 0.0% | 2026-Q1 |
| Tower Research Capital LLC (TRC) added | 3,269 | $13K | 0.0% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS new | 889 | $3K | 0.0% | 2026-Q1 |
| Clear Street Group Inc. trimmed | 78,733 | $2K | 0.0% | 2026-Q1 |
| BARCLAYS PLC added | 496 | $2K | 0.0% | 2026-Q1 |
| GTS SECURITIES LLC trimmed | 41,001 | $1K | 0.0% | 2026-Q1 |
| MAI Capital Management | 217 | $832 | 0.0% | 2026-Q1 |
| GS Investments, Inc. | 200 | $766 | 0.0% | 2026-Q1 |
| Caitong International Asset Management Co., Ltd new | 161 | $617 | 0.0% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 87 | $329 | 0.0% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. | 50 | $192 | 0.0% | 2026-Q1 |
| UBS Group AG trimmed | 4,186 | $105 | 0.0% | 2026-Q1 |
| WOLVERINE ASSET MANAGEMENT LLC | 1,811 | $47 | 0.0% | 2026-Q1 |
| VANGUARD GROUP INC added | 1,847,136 | $7M | 2.5% | 2025-Q4 stale |
| BVF INC/IL added | 932,697 | $2M | 0.7% | 2025-Q3 stale |
| SPHERA FUNDS MANAGEMENT LTD. new | 566,395 | $1M | 0.4% | 2025-Q3 stale |
| RENAISSANCE TECHNOLOGIES LLC added | 80,840 | $162K | 0.1% | 2025-Q3 stale |
| Verition Fund Management LLC new | 26,867 | $100K | 0.0% | 2025-Q4 stale |
| ADAR1 Capital Management, LLC added | 26,344 | $99K | 0.0% | 2025-Q4 stale |
| CITADEL ADVISORS LLC added | 17,650 | $66K | 0.0% | 2025-Q4 stale |
| CAXTON CORP trimmed | 10,527 | $39K | 0.0% | 2025-Q4 stale |
| Kovitz Investment Group Partners, LLC | 19,201 | $39K | 0.0% | 2025-Q3 stale |
| DIMENSIONAL FUND ADVISORS LP new | 15,781 | $32K | 0.0% | 2025-Q3 stale |
| SILVER OAK SECURITIES, INCORPORATED trimmed | 20,188 | $30K | 0.0% | 2025-Q1 stale |
| XTX Topco Ltd new | 16,555 | $22K | 0.0% | 2025-Q1 stale |
| Creative Planning trimmed | 11,852 | $21K | 0.0% | 2025-Q2 stale |
| Sachetta, LLC | 4,100 | $7K | 0.0% | 2025-Q2 stale |
| CLEAR STREET LLC added | 78,833 | $3K | 0.0% | 2025-Q2 stale |
| Yakira Capital Management, Inc. trimmed | 78,733 | $2K | 0.0% | 2025-Q1 stale |
| Tabor Asset Management, LP new | 78,733 | $2K | 0.0% | 2025-Q1 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 26,302 | $750 | 0.0% | 2025-Q3 stale |
| Walleye Trading LLC trimmed | 11,436 | $268 | 0.0% | 2025-Q3 stale |
| SBI Securities Co., Ltd. trimmed | 50 | $187 | 0.0% | 2025-Q4 stale |
| RAYMOND JAMES FINANCIAL INC new | 45 | $79 | 0.0% | 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.