Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in CADL held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | FMR LLC | 11.0M | $53.8M | +33.4% | 20.012% | 0.00% |
| 2 | RTW INVESTMENTS, LP | 6.4M | $31.5M | β | 11.697% | 0.31% |
| 3 | ACORN CAPITAL ADVISORS, LLC | 3.5M | $17.2M | +35.5% | 6.371% | 4.89% |
| 4 | BlackRock, Inc. | 3.1M | $15.2M | +8.6% | 5.663% | 0.00% |
| 5 | Saturn V Capital Management LP | 2.9M | $14.2M | β | 5.276% | 2.57% |
| 6 | Portolan Capital Management, LLC | 2.9M | $14.2M | +70.7% | 5.272% | 0.75% |
| 7 | VANGUARD CAPITAL MANAGEMENT LLC | 2.5M | $12.1M | β | 4.486% | 0.00% |
| 8 | Vestal Point Capital, LP | 1.1M | $5.5M | β | 2.049% | 0.15% |
| 9 | MILLENNIUM MANAGEMENT LLC | 1.1M | $5.2M | β | 1.931% | 0.00% |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 1.0M | $5.1M | +5.9% | 1.886% | 0.00% |
| 11 | Halter Ferguson Financial Inc. | 904K | $4.4M | +20.8% | 1.647% | 0.97% |
| 12 | STATE STREET CORP | 819K | $4.0M | +3.3% | 1.491% | 0.00% |
| 13 | HEIGHTS CAPITAL MANAGEMENT, INC | 775K | $3.8M | β | 1.412% | 1.06% |
| 14 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 420K | $2.1M | +74.5% | 0.766% | 0.00% |
| 15 | Sands Capital Alternatives, LLC | 406K | $2.0M | 0.0% | 0.739% | 0.47% |
| 16 | NORTHERN TRUST CORP | 323K | $1.6M | +9.4% | 0.589% | 0.00% |
| 17 | VANGUARD FIDUCIARY TRUST CO | 280K | $1.4M | β | 0.511% | 0.00% |
| 18 | VANGUARD PORTFOLIO MANAGEMENT LLC | 268K | $1.3M | β | 0.489% | 0.00% |
| 19 | GOLDMAN SACHS GROUP INC | 228K | $1.1M | +249.6% | 0.414% | 0.00% |
| 20 | ExodusPoint Capital Management, LP | 227K | $1.1M | β | 0.414% | 0.01% |
| 21 | Kynam Capital Management, LP | 200K | $980K | β | 0.364% | 0.06% |
| 22 | Ghisallo Capital Management LLC | 200K | $980K | β | 0.364% | 0.03% |
| 23 | Tanager Wealth Management LLP | 198K | $971K | 0.0% | 0.361% | 0.09% |
| 24 | JANUS HENDERSON GROUP PLC | 172K | $845K | β | 0.313% | 0.00% |
| 25 | Woodline Partners LP | 157K | $768K | β | 0.285% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in CADL β a direct measure of their conviction.
Filings activity in CADL during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 111 | +32% | 45.43% | +16.68 pp | $214M | +58% |
| Q4 2025 | 84 | +6.3% | 28.75% | +4.40 pp | $135M | +18% |
| Q3 2025 | 79 | +0.0% | 24.35% | 0.54 pp | $114M | 2.1% |
| Q2 2025 | 79 | 3.7% | 24.89% | 0.89 pp | $117M | 3.5% |
| Q1 2025 | 82 | +21% | 25.78% | 8.45 pp | $121M | 25% |
| Q4 2024 | 68 | +31% | 34.23% | +24.30 pp | $161M | +245% |
| Q3 2024 | 52 | +13% | 9.93% | +2.25 pp | $47M | +29% |
| Q2 2024 | 46 | β | 7.68% | β | $36M | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying CADL stock.
Based on Q1 2026 13F filings, institutional ownership of Candel Therapeutics, Inc. stands at 45.4%, held across 111 reporting institutions.
FMR LLC is the largest reported institutional holder of CADL, with approximately 10,987,017 shares worth $0.05B as of Q1 2026.
Yes β 2 widely-followed marquee investors appear among the top 25 institutional holders of CADL, including MILLENNIUM MANAGEMENT LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for CADL is 77 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
38 institutions opened new positions in CADL during Q1 2026, while 11 fully exited. 25 added to existing positions and 46 trimmed.
CADL institutional ownership rose by 16.68 percentage points quarter-over-quarter, with a net change of +27 holders.
The top 10 institutions account for 81.5% of all reported 13F value in CADL, and the top 25 account for 94.3%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Candel Therapeutics, Inc. (CADL) Institutional Ownership