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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F Institutional Ownership · AARD

Aardvark Therapeutics Inc NASDAQ NMS - GLOBAL MARKET:AARD

Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.

23 new29 added15 reduced5 exited

New Positions(23)

ManagerSharesΔ SharesValueΔ Value% Δ
SymBiosis Capital Partners, LLC476,595+476,595$6.3M+$6.3M
Centiva Capital, LP97,520+97,520$1.3M+$1.3M
SUPERSTRING CAPITAL MANAGEMENT LP69,496+69,496$912.1K+$912.1K
Propel Bio Management, LLC46,408+46,408$609.1K+$609.1K
Nuveen, LLC41,022+41,022$538.4K+$538.4K
Point72 Asset Management, L.P.36,922+36,922$484.6K+$484.6K
Jump Financial, LLC34,575+34,575$453.8K+$453.8K
XTX Topco Ltd25,548+25,548$335.3K+$335.3K
Diametric Capital, LP19,309+19,309$253.4K+$253.4K
ALPS ADVISORS INC17,877+17,877$234.6K+$234.6K
Trexquant Investment LP16,844+16,844$221.1K+$221.1K
LOS ANGELES CAPITAL MANAGEMENT LLC20,837+20,837$218.0K+$218.0K
Walleye Capital LLC16,048+16,048$210.6K+$210.6K
DIADEMA PARTNERS LP15,882+15,882$208.5K+$208.5K
Balyasny Asset Management LLC13,817+13,817$181.3K+$181.3K
MetLife Investment Management, LLC7,750+7,750$101.7K+$101.7K
Persistent Asset Partners Ltd4,231+4,231$55.5K+$55.5K
China Universal Asset Management Co., Ltd.3,548+3,548$46.6K+$46.6K
Mirae Asset Global Investments Co., Ltd.1,058+1,058$13.9K+$13.9K
Larson Financial Group LLC506+506$6.6K+$6.6K
GF FUND MANAGEMENT CO. LTD.427+427$5.6K+$5.6K
GSA CAPITAL PARTNERS LLP35,924+35,924$472+$472
HRT FINANCIAL LP31,066+31,066$407+$407

Added To(29)

ManagerSharesΔ SharesValueΔ Value% Δ
BlackRock, Inc.784,430+474,965$10.3M+$6.2M153.5%
MILLENNIUM MANAGEMENT LLC483,340+163,717$6.3M+$2.1M51.2%
VANGUARD GROUP INC717,430+161,709$9.4M+$2.0M29.1%
GEODE CAPITAL MANAGEMENT, LLC297,865+103,830$3.9M+$1.3M53.5%
CANTOR FITZGERALD, L. P.188,364+91,682$2.5M+$1.2M94.8%
TWO SIGMA INVESTMENTS, LP128,786+65,217$1.7M+$845.5K102.6%
STATE STREET CORP158,240+65,235$2.1M+$840.9K70.1%
GOLDMAN SACHS GROUP INC53,349+34,422$700.2K+$448.7K181.9%
NORTHERN TRUST CORP89,298+32,101$1.2M+$411.9K56.1%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC31,533+17,293$413.9K+$224.6K121.4%
BARCLAYS PLC50,558+10,632$683.5K+$152.9K26.6%
WELLS FARGO & COMPANY/MN14,080+10,163$184.8K+$132.7K259.4%
MORGAN STANLEY77,954+9,492$1.0M+$113.3K13.9%
Bank of New York Mellon Corp22,415+6,892$294.2K+$87.9K44.4%
BANK OF AMERICA CORP /DE/30,660+6,730$402.4K+$84.4K28.1%
BRIDGEWAY CAPITAL MANAGEMENT, LLC27,000+5,000$354.4K+$62.0K22.7%
JPMORGAN CHASE & CO6,883+4,567$90.3K+$59.6K197.2%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.5,929+3,344$77.8K+$43.5K129.4%
RHUMBLINE ADVISERS7,554+1,849$99.1K+$23.3K32.4%
FMR LLC1,256+893$16.5K+$11.7K246.0%
CITIGROUP INC896+729$11.8K+$9.5K436.5%
Legal & General Group Plc1,288+701$16.9K+$9.1K119.4%
DEUTSCHE BANK AG\6,386+661$83.8K+$7.8K11.5%
Royal Bank of Canada599+331$9.0K+$6.0K123.5%
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM784+429$10.3K+$5.6K120.8%
TWO SIGMA ADVISERS, LP26,200+500$343.9K+$2.3K1.9%
Sterling Capital Management LLC345+163$4.5K+$2.1K89.6%
AMALGAMATED BANK400+207$5+$2107.3%
CWM, LLC17+2$0$013.3%

Reduced(15)

ManagerSharesΔ SharesValueΔ Value% Δ
Schonfeld Strategic Advisors LLC50,131-203,621$658.0K-$2.7M-80.2%
CITADEL ADVISORS LLC1,289,263-70,620$16.9M-$1.2M-5.2%
Decheng Capital LLC3,917,2990$51.4M-$646.4K0.0%
Laurion Capital Management LP1,014,911-34,810$13.3M-$630.1K-3.3%
BNP PARIBAS ARBITRAGE, SNC15,856-40,690$208.1K-$543.4K-72.0%
UBS Group AG26,838-27,890$352.2K-$375.1K-51.0%
SILVERARC CAPITAL MANAGEMENT, LLC303,939-2,973$4.0M-$89.7K-1.0%
Cresset Asset Management, LLC141,783-5,000$1.9M-$66.5K-3.4%
Tower Research Capital LLC (TRC)811-374$10.6K-$5.1K-31.6%
NEW YORK STATE COMMON RETIREMENT FUND3,8230$50.2K-$6310.0%
Police & Firemen's Retirement System of New Jersey2,1200$27.8K-$3500.0%
Stone House Investment Management, LLC1,0000$13.1K-$1650.0%
Ameritas Investment Partners, Inc.5780$7.6K-$960.0%
Russell Investments Group, Ltd.4690$6.2K-$780.0%
EverSource Wealth Advisors, LLC600$788-$90.0%

Sold Out(5)

ManagerSharesΔ SharesValueΔ Value% Δ
ADAGE CAPITAL PARTNERS GP, L.L.C.0-350,000$0-$4.7M
JANE STREET GROUP, LLC0-19,447$0-$258.5K
STRS OHIO0-1,100$0-$14.6K
PNC Financial Services Group, Inc.0-140$0-$1.9K
SRS Capital Advisors, Inc.0-21$0-$280

Top Holders by reported value

Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.

ManagerShares$ ValueΔ SharesQoQ %
Decheng Capital LLC3,917,299$51.4M00.0%
CITADEL ADVISORS LLC1,289,263$16.9M-70,620-5.2%
Laurion Capital Management LP1,014,911$13.3M-34,810-3.3%
BlackRock, Inc.784,430$10.3M+474,965153.5%
VANGUARD GROUP INC717,430$9.4M+161,70929.1%
MILLENNIUM MANAGEMENT LLC483,340$6.3M+163,71751.2%
SymBiosis Capital Partners, LLC476,595$6.3M+476,595
SILVERARC CAPITAL MANAGEMENT, LLC303,939$4.0M-2,973-1.0%
GEODE CAPITAL MANAGEMENT, LLC297,865$3.9M+103,83053.5%
CANTOR FITZGERALD, L. P.188,364$2.5M+91,68294.8%
STATE STREET CORP158,240$2.1M+65,23570.1%
Cresset Asset Management, LLC141,783$1.9M-5,000-3.4%
TWO SIGMA INVESTMENTS, LP128,786$1.7M+65,217102.6%
Centiva Capital, LP97,520$1.3M+97,520
NORTHERN TRUST CORP89,298$1.2M+32,10156.1%
MORGAN STANLEY77,954$1.0M+9,49213.9%
SUPERSTRING CAPITAL MANAGEMENT LP69,496$912.1K+69,496
GOLDMAN SACHS GROUP INC53,349$700.2K+34,422181.9%
BARCLAYS PLC50,558$683.5K+10,63226.6%
Schonfeld Strategic Advisors LLC50,131$658.0K-203,621-80.2%

New & Closed Positions this quarter

Methodology

Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.

Quarter-over-quarter deltas compare each manager's most recently reported share count for AARD against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.

Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.