70% buyers of institutions opening or closing positions this quarter
No Form 4 insider transactions on file
| 3.0M |
| $16.6M |
| +12.6% |
| 5.747% |
| 0.01% |
| 5 | Trails Edge Capital Partners, LP | 2.7M | $14.8M | 0.0% | 5.113% | 3.38% |
| 6 | FRANKLIN RESOURCES INC | 2.5M | $13.7M | -1.5% | 4.735% | 0.00% |
| 7 | SymBiosis Capital Partners, LLC | 2.4M | $13.1M | -9.5% | 4.529% | 24.76% |
| 8 | UBS Group AG | 2.3M | $12.9M | -12.3% | 4.461% | 0.00% |
| 9 | ADAR1 Capital Management, LLC | 2.2M | $12.1M | -19.8% | 4.183% | 0.71% |
| 10 | Polar Capital Holdings Plc | 2.1M | $11.8M | +6.7% | 4.102% | 0.04% |
| 11 | Andera Partners | 1.8M | $10.1M | 0.0% | 3.498% | 5.70% |
| 12 | Yu Fan | 1.5M | $8.3M | 0.0% | 2.886% | 8.58% |
| 13 | BOOTHBAY FUND MANAGEMENT, LLC | 1.5M | $8.2M | +123.1% | 2.829% | 0.11% |
| 14 | NEA Management Company, LLC | 1.5M | $8.0M | 0.0% | 2.814% | 0.46% |
| 15 | Ikarian Capital, LLC | 1.4M | $7.8M | +184.3% | 2.749% | 0.64% |
| 16 | NEXTBio Capital Management LP | 1.3M | $7.4M | +2.7% | 2.565% | 3.44% |
| 17 | RTW INVESTMENTS, LP | 1.3M | $7.2M | 0.0% | 2.498% | 0.07% |
| 18 | Deep Track Capital, LP | 1.2M | $6.8M | +149.5% | 2.352% | 0.11% |
| 19 | Point72 Asset Management, L.P. | 956K | $5.3M | — | 1.840% | 0.01% |
| 20 | AMERIPRISE FINANCIAL INC | 844K | $4.7M | +37.2% | 1.624% | 0.00% |
| 21 | Ally Bridge Group (NY) LLC | 745K | $4.1M | -50.3% | 1.434% | 3.34% |
| 22 | Propel Bio Management, LLC | 725K | $4.0M | -27.5% | 1.394% | 2.52% |
| 23 | BVF INC/IL | 686K | $3.8M | 0.0% | 1.320% | 0.12% |
| 24 | MARSHALL WACE, LLP | 654K | $3.6M | +280.1% | 1.259% | 0.00% |
| 25 | HighVista Strategies LLC | 616K | $3.4M | — | 1.184% | 0.94% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in IVA — a direct measure of their conviction.
Institutions that fully closed their IVA position in Q1 2026
| 4.31% |
| +0.96 pp |
| $12M |
| +29% |
| Q3 2024 | 8 | +0.0% | 3.35% | 2.00 pp | $9M | 37% |
| Q2 2024 | 8 | — | 5.35% | — | $14M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
IVA institutional ownership rose by 65.91 percentage points quarter-over-quarter, with a net change of +13 holders.
The top 10 institutions account for 59.8% of all reported 13F value in IVA, and the top 25 account for 91.8%.
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.