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AARD

Aardvark Therapeutics

66 hedge funds and large institutions have $141M invested in Aardvark Therapeutics in 2025 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 27 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

283% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 6

200% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 9

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

35% more funds holding

Funds holding: 4966 (+17)

12% more capital invested

Capital invested by funds: $126M → $141M (+$15.3M)

5.76% more ownership

Funds ownership: 43.61%49.36% (+5.8%)

Holders
66
Holders Change
+17
Holders Change %
+34.69%
% of All Funds
0.8%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.02%
New
23
Increased
27
Reduced
9
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
DC
1
Decheng Capital
California
$51.4M
Citadel Advisors
2
Citadel Advisors
Florida
$16.9M -$881K -70,620 -5%
LCM
3
Laurion Capital Management
New York
$13.3M -$434K -34,810 -3%
BlackRock
4
BlackRock
New York
$10.3M +$5.93M +474,965 +153%
Vanguard Group
5
Vanguard Group
Pennsylvania
$9.42M +$2.02M +161,709 +29%
Millennium Management
6
Millennium Management
New York
$6.34M +$2.04M +163,717 +51%
SCP
7
SymBiosis Capital Partners
Arkansas
$6.26M +$5.95M +476,595 New
SCM
8
Silverarc Capital Management
Massachusetts
$3.99M -$37.1K -2,973 -1%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$3.91M +$1.3M +103,830 +54%
State Street
10
State Street
Massachusetts
$2.08M +$814K +65,235 +70%
Two Sigma Investments
11
Two Sigma Investments
New York
$1.69M +$814K +65,217 +103%
CC
12
Centiva Capital
New York
$1.28M +$1.22M +97,520 New
CF
13
Cantor Fitzgerald
New York
$1.2M -$62.4K -5,000 -5%
Northern Trust
14
Northern Trust
Illinois
$1.17M +$401K +32,101 +56%
Morgan Stanley
15
Morgan Stanley
New York
$1.02M +$118K +9,492 +14%
SCM
16
Superstring Capital Management
New York
$912K +$867K +69,496 New
Goldman Sachs
17
Goldman Sachs
New York
$700K +$430K +34,422 +182%
SSA
18
Schonfeld Strategic Advisors
New York
$658K -$2.54M -203,621 -80%
PBM
19
Propel Bio Management
California
$609K +$579K +46,408 New
N
20
Nuveen
North Carolina
$538K +$512K +41,022 New
Point72 Asset Management
21
Point72 Asset Management
Connecticut
$485K +$461K +36,922 New
GCP
22
GSA Capital Partners
United Kingdom
$472K +$448K +35,924 New
JF
23
Jump Financial
Illinois
$454K +$431K +34,575 New
Charles Schwab
24
Charles Schwab
California
$414K +$216K +17,293 +121%
HF
25
HRT Financial
New York
$407K +$388K +31,066 New

AARD Hedge Fund Activity: Q4 2025 in Review

66 of the 8,228 institutional investors tracked by Wall St. Rank reported a position in Aardvark Therapeutics (AARD) for Q4 2025, worth a combined $141M — up 12% from $126M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new AARD positions and 6 closed out — a net gain of 17 holders — while 27 added to existing stakes and 9 trimmed.

The largest buyer was BlackRock, adding an estimated $5.93M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $4.65M sold.

  • 66 institutional investors held Aardvark Therapeutics (AARD) as of Q4 2025, up from 49 in Q3 2025.
  • Funds reported $141M of Aardvark Therapeutics stock for Q4 2025, up 12% quarter-over-quarter.
  • 23 funds opened new Aardvark Therapeutics positions in Q4 2025 and 6 closed out, a net change of +17 holders.
  • The largest Aardvark Therapeutics buyer in Q4 2025 was BlackRock, an estimated $5.93M added.
  • The largest Aardvark Therapeutics seller in Q4 2025 was Adage Capital Partners, an estimated $4.65M sold.

Based on aggregated 13F filings for Q4 2025.