Aardvark Therapeutics AARD Institutional Ownership

NASDAQ AARD

$4.41 +0.51 (+13.08%)

At close: Oct 21, 2026 · 4:00 PM EDT

Institutions by Trading Activity

71 Institutions

Increased 37 52.1%

Unchanged 9 12.7%

Reduced 25 35.2%

Ownership Statistics

13F · as of 30 Jun, 2026

Institutional Ownership

43.10%

▼-3.66 pp QoQ

Shares Held by Institutions

9.43Mn

of 21.88Mn outstanding

▼-7.54% QoQ

Shares Outstanding

21.88Mn

12.45Mn held outside 13F filers

Institutional Investors

filed 13F for Jun 2026

▼-8 vs prior quarter

Net Shares Added (QoQ)

-769.21K

distributed since last quarter

Value of Holdings

$36.79Mn

reported market value

Shares Owned by Institutions

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Institutions

Accumulated Distributed

Latest quarter —

Net over range —

Accumulating quarters —

Ownership Summary

Updated Oct 10, 2026

Aardvark Therapeutics, Inc. (NASDAQ:AARD) was held by 71 institutional investors that filed 13F reports for the quarter ended June 30, 2026.

These investors held 43.10% of outstanding shares in Q2 2026, down from 46.76% the quarter before.
Total holdings of AARD shares fell 7.54% from Q1 2026, and the holder count rose 115.15% from Q2 2025.
Of the 71 holders, 37 added to their positions, 25 reduced their stakes and 9 left their positions unchanged in Q2 2026.
Combined, institutional investors held 9.43Mn shares of AARD as of Q2 2026, down 769.21K from the prior quarter and up 1.81Mn from a year earlier.
As of June 30, 2026, the biggest holder of Aardvark Therapeutics was Decheng Capital LLC with 3.92Mn shares, or 17.90% of shares outstanding.
Holders that added the most shares of Aardvark Therapeutics in Q2 2026 were AQR Capital Management LLC (+345.75K shares), Raymond James Financial Inc (+68.39K shares), Cantor Fitzgerald, L. P. (+49.9K shares), Citadel Advisors LLC (+40.39K shares) and Ieq Capital, LLC (+21.9K shares).
The largest position reductions in AARD for Q2 2026 were by BlackRock, Inc. (-605.53K shares), Geode Capital Management, LLC (-159.6K shares), State Street Corp (-140.05K shares), UBS Group AG (-122.25K shares) and Northern Trust Corp (-60.52K shares).
Aardvark Therapeutics' 10 largest institutional shareholders as of Q2 2026 were Decheng Capital LLC (3.92Mn shares), Citadel Advisors LLC (1.28Mn shares), Laurion Capital Management LP (1.03Mn shares), Vanguard Capital Management LLC (562.88K shares), AQR Capital Management LLC (480.25K shares), EcoR1 Capital, LLC (396.19K shares), Adage Capital Partners GP, L.L.C. (300K shares), BlackRock, Inc. (187.04K shares), Geode Capital Management, LLC (149.84K shares) and Cantor Fitzgerald, L. P. (116.58K shares), per Business Quant data.

Form 13F Holdings

71 Institutional Holders

Report period 30 Jun, 2026

Total shares held 9.43Mn

Of outstanding 43.10%

#	Institution	CIK	Shares Held	% of Outstanding	Change (QoQ)	Change (%)	Value (USD)
1	Decheng Capital LLC	0002010850	3,917,299	17.90%	0	0.00%	$22.56Mn
2	CITADEL ADVISORS LLC	0001423053	1,283,166	5.86%	▲40,389	+3.25%	$7.39Mn
3	Laurion Capital Management LP	0001390202	1,034,459	4.73%	0	0.00%	$5.96Mn
4	VANGUARD CAPITAL MANAGEMENT LLC	0002100119	562,877	2.57%	▲8,776	+1.58%	$3.24Mn
5	AQR CAPITAL MANAGEMENT LLC	0001167557	480,248	2.19%	▲345,753	+257.07%	$2.77Mn
6	EcoR1 Capital, LLC	0001587114	396,194	1.81%	▲396,194	0.00%	$2.28Mn
7	ADAGE CAPITAL PARTNERS GP, L.L.C.	0001165408	300,000	1.37%	0	0.00%	$1.73Mn
8	BlackRock, Inc.	0002012383	187,045	0.85%	▼605,526	-76.40%	$1.08Mn
9	GEODE CAPITAL MANAGEMENT, LLC	0001214717	149,844	0.68%	▼159,605	-51.58%	$863.53K
10	CANTOR FITZGERALD, L. P.	0001024896	116,582	0.53%	▲49,900	+74.83%	$671.51K
11	TWO SIGMA INVESTMENTS, LP	0001179392	108,377	0.50%	▼54,978	-33.66%	$624.25K
12	Raymond James Financial Inc	0000720005	79,284	0.36%	▲68,394	+628.04%	$456.68K
13	VANGUARD FIDUCIARY TRUST CO	0000933478	75,172	0.34%	▼8,038	-9.66%	$432.99K
14	Woodline Partners LP	0001784547	72,429	0.33%	0	0.00%	$417.19K
15	MILLENNIUM MANAGEMENT LLC	0001273087	69,948	0.32%	▼28,386	-28.87%	$402.90K
16	State Street Corp	0000093751	59,273	0.27%	▼140,049	-70.26%	$341.41K
17	J. Goldman & Co LP	0001412741	40,500	0.19%	▲40,500	0.00%	$233.28K
18	IEQ CAPITAL, LLC	0001779789	38,382	0.18%	▲21,897	+132.83%	$221.08K
19	UBS Group AG	0001610520	35,639	0.16%	▼122,249	-77.43%	$205.28K
20	Morgan Stanley	0000895421	30,177	0.14%	▲12,615	+71.83%	$173.82K

Showing 1 to 20 of 71 holders