Madrigal Pharmaceuticals MDGL Institutional Ownership

NASDAQ MDGL

$457.41 -0.55 (-0.12%)

As of: Oct 22, 2026 · 11:00 AM EDT

Institutions by Trading Activity

412 Institutions

Increased 225 54.6%

Unchanged 59 14.3%

Reduced 128 31.1%

Ownership Statistics

13F · as of 30 Jun, 2026

Institutional Ownership

80.92%

▼-0.80 pp QoQ

Shares Held by Institutions

23.58Mn

of 29.15Mn outstanding

▼-0.59% QoQ

Shares Outstanding

29.15Mn

5.56Mn held outside 13F filers

Institutional Investors

412

filed 13F for Jun 2026

▲+35 vs prior quarter

Net Shares Added (QoQ)

-140.70K

distributed since last quarter

Value of Holdings

$11.03Bn

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 11, 2026

Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) appeared in the 13F filings of 412 institutional investors for the quarter ended June 30, 2026.

Their combined stake equaled 80.92% of outstanding shares in Q2 2026, down from 81.72% in Q1 2026.
Total shares held in MDGL fell 0.59% from Q1 2026; the number of holders rose 36.42% from Q2 2025.
Of the 412 holders of MDGL in Q2 2026, 225 added to their positions, 128 reduced their stakes and 59 left their positions unchanged.
In total, institutional investors held 23.58Mn shares of Madrigal Pharmaceuticals at the end of Q2 2026, down 140.69K from the prior quarter and up 485.44K from a year earlier.
As of June 30, 2026, Baker Bros. Advisors LP held the largest stake in Madrigal Pharmaceuticals with 2.14Mn shares, or 7.35% of shares outstanding.
Holders that added the most shares of Madrigal Pharmaceuticals in Q2 2026 were UBS Group AG (+283.93K shares), Jane Street Group, LLC (+155.7K shares), Ameriprise Financial Inc (+133.02K shares), Wellington Management Group LLP (+130.76K shares) and Susquehanna International Group, LLP (+126.39K shares).
On the other side, among holders that kept a position in Madrigal Pharmaceuticals, the largest reductions in Q2 2026 came from BlackRock, Inc. (-359.19K shares), FMR LLC (-155.53K shares), T. Rowe Price Associates Inc (-140.88K shares), Point72 Asset Management, L.P. (-88.48K shares) and State Street Corp (-82.47K shares).
Madrigal Pharmaceuticals' 10 largest institutional shareholders as of Q2 2026 were Baker Bros. Advisors LP (2.14Mn shares), RTW Investments, LP (1.99Mn shares), Jupiter Topco LLC (1.94Mn shares), Avoro Capital Advisors LLC (1.83Mn shares), Paulson & Co. Inc. (1.34Mn shares), BlackRock, Inc. (1.2Mn shares), Vanguard Capital Management LLC (835.67K shares), Wellington Management Group LLP (825.71K shares), Vanguard Portfolio Management LLC (781.73K shares) and State Street Corp (527.06K shares), per Business Quant data.

Form 13F Holdings

414 Institutional Holders

Report period 30 Jun, 2026

Total shares held 23.58Mn

Of outstanding 80.92%

#	Institution	CIK	Shares Held	% of Outstanding	Change (QoQ)	Change (%)	Value (USD)
1	BAKER BROS. ADVISORS LP	0001263508	2,143,131	7.35%	▲1,430	+0.07%	$1.15Bn
2	RTW INVESTMENTS, LP	0001493215	1,993,687	6.84%	0	0.00%	$1.07Bn
3	Jupiter Topco LLC	0002146052	1,936,099	6.64%	▲1,936,099	0.00%	$1.04Bn
4	Avoro Capital Advisors LLC	0001633313	1,833,333	6.29%	▲15,152	+0.83%	$984.41Mn
5	PAULSON & CO. INC.	0001035674	1,340,020	4.60%	▼52,168	-3.75%	$719.52Mn
6	BlackRock, Inc.	0002012383	1,200,770	4.12%	▼359,195	-23.03%	$644.75Mn
7	VANGUARD CAPITAL MANAGEMENT LLC	0002100119	835,668	2.87%	▲8,524	+1.03%	$448.71Mn
8	WELLINGTON MANAGEMENT GROUP LLP	0000902219	825,714	2.83%	▲130,756	+18.81%	$443.37Mn
9	VANGUARD PORTFOLIO MANAGEMENT LLC	0002100121	781,731	2.68%	▼59,414	-7.06%	$419.75Mn
10	State Street Corp	0000093751	527,057	1.81%	▼82,468	-13.53%	$283.00Mn
11	CITADEL ADVISORS LLC	0001423053	507,233	1.74%	▲53,390	+11.76%	$272.36Mn
12	UBS Group AG	0001610520	401,708	1.38%	▲283,929	+241.07%	$215.70Mn
13	GEODE CAPITAL MANAGEMENT, LLC	0001214717	374,880	1.29%	▼80,990	-17.77%	$201.34Mn
14	FMR LLC	0000315066	356,201	1.22%	▼155,527	-30.39%	$191.26Mn
15	WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC	0001644956	324,123	1.11%	▼16,396	-4.82%	$174.04Mn
16	Invesco Ltd.	0000914208	301,435	1.03%	▼28,084	-8.52%	$161.86Mn
17	ARMISTICE CAPITAL, LLC	0001601086	288,000	0.99%	▲23,417	+8.85%	$154.64Mn
18	LORD, ABBETT & CO. LLC	0000728100	281,500	0.97%	▲38,774	+15.97%	$151.15K
19	Goldman Sachs Group Inc	0000886982	246,280	0.85%	▼31,091	-11.21%	$132.24Mn
20	Polar Capital Holdings Plc	0001837309	244,274	0.84%	▼45,036	-15.57%	$131.16Mn

Showing 1 to 20 of 414 holders