New Positions
15 managers initiated
Top five by reported value
- NORGES BANK$802.8K
- SECTORAL ASSET MANAGEMENT INC$589.1K
- WESBANCO BANK INC$456.9K
- RENAISSANCE TECHNOLOGIES LLC$300.1K
- MERCER GLOBAL ADVISORS INC /ADV$187.2K
Carlsmed Inc NASDAQ NMS - GLOBAL MARKET:CARL
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
15 new20 added21 reduced7 exited
Total Institutional Holders
56
as of 2025-12-31
Top Holder
ORBIMED ADVISORS LLC
$15.5M
Largest QoQ Increase
VANGUARD GROUP INC
+132,887 sh
Largest QoQ Decrease
Avidity Partners Management LP
-321,912 sh
New Positions(15)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| NORGES BANK | 65,000 | +65,000 | $802.8K | +$802.8K | — |
| SECTORAL ASSET MANAGEMENT INC | 47,700 | +47,700 | $589.1K | +$589.1K | — |
| WESBANCO BANK INC | 37,000 | +37,000 | $456.9K | +$456.9K | — |
| RENAISSANCE TECHNOLOGIES LLC | 24,300 | +24,300 | $300.1K | +$300.1K | — |
| MERCER GLOBAL ADVISORS INC /ADV | 15,155 | +15,155 | $187.2K | +$187.2K | — |
| GOLDMAN SACHS GROUP INC | 13,600 | +13,600 | $168.0K | +$168.0K | — |
| DEUTSCHE BANK AG\ | 9,832 | +9,832 | $121.4K | +$121.4K | — |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 417 | +417 | $5.2K | +$5.2K | — |
| JONES FINANCIAL COMPANIES LLLP | 380 | +380 | $4.7K | +$4.7K | — |
| ADVISOR GROUP HOLDINGS, INC. | 20 | +20 | $247 | +$247 | — |
| EverSource Wealth Advisors, LLC | 5 | +5 | $62 | +$62 | — |
| True Wealth Design, LLC | 4 | +4 | $50 | +$50 | — |
| IFP Advisors, Inc | 2 | +2 | $25 | +$25 | — |
| Allworth Financial LP | 2 | +2 | $25 | +$25 | — |
| CWM, LLC | 167 | +167 | $2 | +$2 | — |
Added To(20)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | 360,082 | +132,887 | $4.4M | +$1.4M | 58.5% |
| MILLENNIUM MANAGEMENT LLC | 128,970 | +108,208 | $1.6M | +$1.3M | 521.2% |
| JANUS HENDERSON GROUP PLC | 1,140,618 | +48,081 | $14.1M | -$542.4K | 4.4% |
| STATE STREET CORP | 68,941 | +27,217 | $851.4K | +$292.7K | 65.2% |
| Russell Investments Group, Ltd. | 160,238 | +1,292 | $2.0M | -$149.3K | 0.8% |
| TD Waterhouse Canada Inc. | 175,405 | +23,163 | $2.2M | +$128.3K | 15.2% |
| BlackRock, Inc. | 427,474 | +42,035 | $5.3M | +$118.3K | 10.9% |
| BANK OF AMERICA CORP /DE/ | 21,136 | +6,067 | $261.0K | +$59.3K | 40.3% |
| KORNITZER CAPITAL MANAGEMENT INC /KS | 55,235 | +235 | $682.2K | -$54.3K | 0.4% |
| MORGAN STANLEY | 13,329 | +3,804 | $164.6K | +$37.1K | 39.9% |
| WELLS FARGO & COMPANY/MN | 7,834 | +2,989 | $96.8K | +$31.9K | 61.7% |
| GEODE CAPITAL MANAGEMENT, LLC | 162,033 | +14,485 | $2.0M | +$26.2K | 9.8% |
| Royal Bank of Canada | 1,026 | +960 | $13.0K | +$13.0K | 1454.5% |
| Bank of New York Mellon Corp | 13,104 | +1,850 | $161.8K | +$11.1K | 16.4% |
| FMR LLC | 307 | +303 | $3.8K | +$3.7K | 7575.0% |
| JPMORGAN CHASE & CO | 3,250 | +516 | $40.1K | +$3.5K | 18.9% |
| BARCLAYS PLC | 10,633 | +1,021 | $131.3K | +$2.6K | 10.6% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 3,240 | +88 | $40.0K | -$2.2K | 2.8% |
| Sterling Capital Management LLC | 179 | +19 | $2.2K | +$69 | 11.9% |
| Janney Montgomery Scott LLC | 15,800 | +1,000 | $195 | -$3 | 6.8% |
Reduced(21)
Sold Out(7)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Avidity Partners Management LP | 0 | -321,912 | $0 | -$4.3M | — |
| CITADEL ADVISORS LLC | 0 | -110,000 | $0 | -$1.5M | — |
| Zimmer Partners, LP | 0 | -50,000 | $0 | -$669.5K | — |
| Monashee Investment Management LLC | 0 | -40,000 | $0 | -$535.6K | — |
| Nuveen, LLC | 0 | -30,710 | $0 | -$411.2K | — |
| Woodline Partners LP | 0 | -23,210 | $0 | -$310.8K | — |
| D. E. Shaw & Co., Inc. | 0 | -10,037 | $0 | -$134.4K | — |
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.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| ORBIMED ADVISORS LLC | 1,252,600 | $15.5M | 0 | 0.0% |
| JANUS HENDERSON GROUP PLC | 1,140,618 | $14.1M | +48,081 | 4.4% |
| BlackRock, Inc. | 427,474 | $5.3M | +42,035 | 10.9% |
| VANGUARD GROUP INC | 360,082 | $4.4M | +132,887 | 58.5% |
| TEACHER RETIREMENT SYSTEM OF TEXAS | 175,000 | $2.2M | 0 | 0.0% |
| TD Waterhouse Canada Inc. | 175,405 | $2.2M | +23,163 | 15.2% |
| GEODE CAPITAL MANAGEMENT, LLC | 162,033 | $2.0M | +14,485 | 9.8% |
| Russell Investments Group, Ltd. | 160,238 | $2.0M | +1,292 | 0.8% |
| MILLENNIUM MANAGEMENT LLC | 128,970 | $1.6M | +108,208 | 521.2% |
| STATE STREET CORP | 68,941 | $851.4K | +27,217 | 65.2% |
| NORGES BANK | 65,000 | $802.8K | +65,000 | — |
| KORNITZER CAPITAL MANAGEMENT INC /KS | 55,235 | $682.2K | +235 | 0.4% |
| NORTHERN TRUST CORP | 50,700 | $626.1K | -1,748 | -3.3% |
| Ghisallo Capital Management LLC | 50,000 | $617.5K | 0 | 0.0% |
| Burkehill Global Management, LP | 50,000 | $617.5K | 0 | 0.0% |
| SECTORAL ASSET MANAGEMENT INC | 47,700 | $589.1K | +47,700 | — |
| WESBANCO BANK INC | 37,000 | $456.9K | +37,000 | — |
| Boston Partners | 26,100 | $322.3K | -3,217 | -11.0% |
| Board of Trustees of The Leland Stanford Junior University | 25,030 | $309.1K | 0 | 0.0% |
| RENAISSANCE TECHNOLOGIES LLC | 24,300 | $300.1K | +24,300 | — |
New & Closed Positions this quarter
Closed Positions
7 managers exited
Top five by prior-quarter value
- Avidity Partners Management LP$4.3M
- CITADEL ADVISORS LLC$1.5M
- Zimmer Partners, LP$669.5K
- Monashee Investment Management LLC$535.6K
- Nuveen, LLC$411.2K
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 CARL 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.