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Madrigal Pharmaceuticals

352 hedge funds and large institutions have $10.7B invested in Madrigal Pharmaceuticals in 2025 Q3 according to their latest regulatory filings, with 87 funds opening new positions, 107 increasing their positions, 107 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

135% more first-time investments, than exits

New positions opened: 87 | Existing positions closed: 37

50% more capital invested

Capital invested by funds: $7.13B → $10.7B (+$3.6B)

27% more call options, than puts

Call options by funds: $326M | Put options by funds: $258M

17% more funds holding in top 10

Funds holding in top 10: 1214 (+2)

15% more funds holding

Funds holding: 305352 (+47)

0% more repeat investments, than reductions

Existing positions increased: 107 | Existing positions reduced: 107

0.74% less ownership

Funds ownership: 106.08%105.34% (-0.74%)

Holders
352
Holders Change
+47
Holders Change %
+15.41%
% of All Funds
4.62%
Holding in Top 10
14
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+16.67%
% of All Funds
0.18%
New
87
Increased
107
Reduced
107
Closed
37
Calls
$326M
Puts
$258M
Net Calls
+$68.8M
Net Calls Change
-$69.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Pathstone Holdings
176
Pathstone Holdings
New Jersey
$1.12M +$909K +2,436 New
JSSH
177
J. Safra Sarasin Holding
$1.1M -$1.65M -4,426 -65%
BG
178
Bellevue Group
Switzerland
$1.1M +$482K +1,293 +118%
Carson Wealth (CWM LLC)
179
Carson Wealth (CWM LLC)
Nebraska
$1.08M -$82.1K -220 -9%
FRM
180
Fox Run Management
Connecticut
$1.06M +$865K +2,318 New
TI
181
Tidal Investments
Wisconsin
$1.01M +$824K +2,209 New
SO
182
STRS Ohio
Ohio
$1.01M +$298K +800 +57%
Zurich Cantonal Bank
183
Zurich Cantonal Bank
Switzerland
$974K -$4.1K -11 -0.5%
DADC
184
D.A. Davidson & Co
Montana
$950K +$193K +518 +33%
DMKJ
185
David M. Knott Jr
$917K
SPC
186
Sigma Planning Corp
Michigan
$917K +$746K +2,000 New
CBU
187
CIBC Bancorp USA
Illinois
$910K +$740K +1,983 New
BBA
188
Baader Bank Aktiengesellschaft
Germany
$885K +$722K +1,935 New
Mariner
189
Mariner
Kansas
$835K +$101K +271 +17%
Millennium Management
190
Millennium Management
New York
$825K -$3.37M -9,037 -83%
GCP
191
GSA Capital Partners
United Kingdom
$798K +$649K +1,739 New
GC
192
Guggenheim Capital
Illinois
$745K -$154K -413 -20%
NIM
193
NEOS Investment Management
Connecticut
$743K -$67.2K -180 -10%
TE
194
Tema ETFs
New York
$743K -$67.2K -180 -10%
RS
195
R Squared
Hong Kong
$743K -$56.3K -151 -9%
NYLIM
196
New York Life Investment Management
New York
$738K -$16K -43 -3%
KAS
197
Kestra Advisory Services
Texas
$719K -$36.6K -98 -6%
AIP
198
Ameritas Investment Partners
Nebraska
$713K -$63.4K -170 -10%
Canada Life
199
Canada Life
Manitoba, Canada
$711K
NSEDCP
200
NJ State Employees Deferred Compensation Plan
New Jersey
$688K

MDGL Hedge Fund Activity: Q3 2025 in Review

352 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Madrigal Pharmaceuticals (MDGL) for Q3 2025, worth a combined $10.7B — up 50% from $7.13B a quarter earlier.

Buyers outnumbered sellers: 87 funds opened new MDGL positions and 37 closed out — a net gain of 50 holders — while 107 added to existing stakes and 107 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $148M. The largest seller was Janus Henderson Group, cutting an estimated $130M.

  • 352 institutional investors held Madrigal Pharmaceuticals (MDGL) as of Q3 2025, up from 305 in Q2 2025.
  • Funds reported $10.7B of Madrigal Pharmaceuticals stock for Q3 2025, up 50% quarter-over-quarter.
  • 87 funds opened new Madrigal Pharmaceuticals positions in Q3 2025 and 37 closed out, a net change of +50 holders.
  • The largest Madrigal Pharmaceuticals buyer in Q3 2025 was Wellington Management Group, an estimated $148M added.
  • The largest Madrigal Pharmaceuticals seller in Q3 2025 was Janus Henderson Group, an estimated $130M sold.

Based on aggregated 13F filings for Q3 2025.