Vault-13

BICARA THERAPEUTICS INC BCAX

COM · Common Stock · CUSIP 055477103

94 institutional holders +9 vs Q4 2024
48,610,44248.6m shares reported held*
89.2% of all shares outstanding*
$633.9mreported value*
27 new 25 added 19 reduced 17 sold out net bought ≈ $24.5m (+1.9m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 54.5m as of 2025-03-24, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $13.04. Options: 2 managers hold calls ($1.0k notional), 2 hold puts ($2.0k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 24: 70Q4 24: 85Q1 25: 9494Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q3 202470
Q4 202485
Q1 202594

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 24: 55 bought or addedQ4 24: 30 cut or sold outQ4 24Q1 25: 52 bought or addedQ1 25: 36 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q4 20245530
Q1 20255236

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10k$20k$30kQ2 24 calls: $0Q2 24 puts: $0Q2 24P/C —Q3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $22.0kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $1.0kQ1 25 puts: $2.0kQ1 25P/C 2.00
Numbers
QuarterCallsPutsP/C
Q2 2024$0$0—
Q3 2024$0$0—
Q4 2024$22.0k$00.00
Q1 2025$1.0k$2.0k2.00

Biggest buyers

Vestal Point Capital, LP Added +2,058,975+2.1m
FMR LLC Added +1,494,485+1.5m
MORGAN STANLEY Added +749,213+749.2k
WELLINGTON MANAGEMENT GROUP LLP Added +636,708+636.7k
JANUS HENDERSON GROUP PLC Added +479,908+479.9k
Schonfeld Strategic Advisors LLC New +365,964+366.0k
Napean Trading & Investment Co (Singapore) PTE Ltd New +275,942+275.9k
PRICE T ROWE ASSOCIATES INC /MD/ Added +250,841+250.8k
BRAIDWELL LP Added +162,144+162.1k
Atle Fund Management AB New +119,833+119.8k

Biggest sellers

DEERFIELD MANAGEMENT COMPANY, L.P. Sold out -1,795,174-1.8m
ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -992,365-992.4k
ALLIANCEBERNSTEIN L.P. Sold out -821,264-821.3k
Fairmount Funds Management LLC Reduced -499,999-500.0k
MILLENNIUM MANAGEMENT LLC Reduced -359,758-359.8k
First Turn Management, LLC Sold out -346,170-346.2k
Boxer Capital Management, LLC Sold out -135,000-135.0k
UBS Group AG Reduced -134,553-134.6k
Rock Springs Capital Management LP Reduced -109,905-109.9k
MARSHALL WACE, LLP Sold out -67,733-67.7k

Biggest calls

SIMPLEX TRADING, LLC Reduced $1.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SIMPLEX TRADING, LLC New $2.0k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
RA CAPITAL MANAGEMENT, L.P. 13D · may seek influence filed 2026-03-02 11.5% 7.3m≈ $216.1m 2026-03-02
Invus Global Management, LLC 13G · passive investor filed 2025-07-31 9.6% 5.2m≈ $154.9m 2025-07-31
Vestal Point Capital, LP 13G · institution +1.8 pts · filed 2026-05-15 8.3% +1.8 pts 5.4m≈ $161.1m 2026-05-15
Deep Track Capital, LP 13G · passive investor +1.2 pts · filed 2026-05-15 6.2% +1.2 pts 4.1m≈ $120.6m 2026-05-15
BlackRock, Inc. 13G · institution new · filed 2026-07-27 5.4% new 3.5m≈ $105.0m 2026-07-27

Fell to 5% or below in the last year: T. Rowe Price Investment Management, Inc. (4.2%, 2026-10-07), Janus Henderson Group Ltd. (4.8%, 2026-08-13), Red Tree GP, LLC (4.8%, 2026-05-08), FMR LLC (3.2%, 2026-05-06)

Insider purchases and sales in Q1 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q2 23: 0 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 1 buyingQ3 24: 0 sellingQ3 24Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 1 sellingQ1 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20241$33.0m0——
Q4 20240—0——
Q1 20250—1$1.0m$1.0m
DateInsiderTradeSharesPrice ValueTheir holding
2025-03-14 Meisner Lara Chief Legal Officer Sold plan 79,146 $12.90 $1.0m79.1k shares -100%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RA CAPITAL MANAGEMENT, L.P. 1.51% of their portfolio BOSTON, MA 6,955,9937.0m $90.6m $90.6m 1.51% Unchanged
2 FMR LLC 0.00% of their portfolio BOSTON, MA 3,611,5733.6m $47.1m $47.1m 0.00% Added +1.5m +1,494,485
3 Siren, L.L.C. 2.40% of their portfolio New York, NY 3,267,0833.3m $42.6m $42.6m 2.40% Reduced -5.7k -5,744
4 RED TREE MANAGEMENT, LLC 44.61% of their portfolio REDWOOD CITY, CA 3,170,5093.2m $41.3m $41.3m 44.61% Unchanged
5 TPG GP A, LLC 0.79% of their portfolio FORT WORTH, TX 3,010,4253.0m $39.2m $39.2m 0.79% Unchanged
6 Vestal Point Capital, LP 2.58% of their portfolio NEW YORK, NY 2,768,9752.8m $36.1m $36.1m 2.58% Added +2.1m +2,058,975
7 Omega Fund Management, LLC 16.95% of their portfolio Boston, MA 2,204,6502.2m $28.7m $28.7m 16.95% Unchanged
8 BRAIDWELL LP 0.99% of their portfolio STAMFORD, CT 2,162,8032.2m $28.2m $28.2m 0.99% Added +162.1k +162,144
9 Deep Track Capital, LP 0.84% of their portfolio GREENWICH, CT 2,000,0002.0m $26.1m $26.1m 0.84% Unchanged
10 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 1,798,0211.8m $23.4m $23.4m 0.00% Added +250.8k +250,841
11 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,394,6761.4m $18.2m $18.2m 0.00% Added +636.7k +636,708
12 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 1,343,7541.3m $18.0m $18.0m 0.01% Added +479.9k +479,908
13 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,341,9321.3m $17.5m $17.5m 0.00% Added +80.3k +80,331
14 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio Boston, MA 1,182,9001.2m $15.4m $15.4m 0.03% Reduced -992.4k -992,365
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,152,1311.2m $15.0m $15.0m 0.00% Added +749.2k +749,213
16 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,091,1181.1m $14.2m $14.2m 0.00% Added +590 +590
17 Blackstone Inc. 0.06% of their portfolio NEW YORK, NY 1,028,2941.0m $13.4m $13.4m 0.06% Added +115.2k +115,234
18 FIL Ltd 0.01% of their portfolio HAMILTON, D0 1,013,8531.0m $13.2m $13.2m 0.01% Unchanged
19 Foresite Capital Management VI LLC 6.78% of their portfolio WEST HOLLYWOOD, CA 950,000950.0k $12.4m $12.4m 6.78% Unchanged
20 BAKER BROS. ADVISORS LP 0.12% of their portfolio NEW YORK, NY 833,333833.3k $10.9m $10.9m 0.12% Unchanged
21 Fairmount Funds Management LLC 1.59% of their portfolio WEST CONSHOHOCKEN, PA 784,170784.2k $10.2m $10.2m 1.59% Reduced -500.0k -499,999
22 ACORN CAPITAL ADVISORS, LLC 5.59% of their portfolio NEW YORK, NY 643,382643.4k $8.4m $8.4m 5.59% Added +1 +1
23 Aisling Capital Management LP 2.57% of their portfolio NEW YORK, NY 568,919568.9k $7.4m $7.4m 2.57% Unchanged
24 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 491,652491.7k $6.4m $6.4m 0.00% Added +25.0k +25,010
25 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 370,131370.1k $4.8m $4.8m 0.00% Added +65.4k +65,400
26 Schonfeld Strategic Advisors LLC 0.03% of their portfolio NEW YORK, NY 365,964366.0k $4.8m $4.8m 0.03% New
27 Woodline Partners LP 0.03% of their portfolio San Francisco, CA 348,690348.7k $4.5m $4.5m 0.03% Added +73.0k +72,998
28 Rock Springs Capital Management LP 0.25% of their portfolio Baltimore, MD 336,070336.1k $4.4m $4.4m 0.25% Reduced -109.9k -109,905
29 ORBIMED ADVISORS LLC 0.09% of their portfolio New York, NY 298,301298.3k $3.9m $3.9m 0.09% Unchanged
30 Napean Trading & Investment Co (Singapore) PTE Ltd 1.05% of their portfolio SINGAPORE, U0 275,942275.9k $3.6m $3.6m 1.05% New
31 DAFNA Capital Management LLC 0.78% of their portfolio LOS ANGELES, CA 212,001212.0k $2.8m $2.8m 0.78% Added +106.5k +106,501
32 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 154,212154.2k $2.0m $2.0m 0.00% Reduced -4.8k -4,831
33 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 153,004153.0k $2.0m $2.0m 0.00% Reduced -3.8k -3,780
34 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 130,938130.9k $1.7m $1.7m 0.00% Added +28.5k +28,518
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 125,695125.7k $1.6m $1.6m 0.00% Reduced -54.1k -54,054
36 Atle Fund Management AB 0.69% of their portfolio STOCKHOLM, V7 119,833119.8k $1.6m $1.6m 0.69% New
37 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 111,383111.4k $1.5m $1.5m 0.00% Reduced -1.1k -1,093
38 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 68,56168.6k $893.4k $893.4k 0.00% Added +39.4k +39,423
39 UBS Group AG 0.00% of their portfolio ZURICH, V8 65,85465.9k $858.1k $858.1k 0.00% Reduced -134.6k -134,553
40 STEMPOINT CAPITAL LP 0.20% of their portfolio NEW YORK, NY 47,07847.1k $613.4k $613.4k 0.20% New
41 NORGES BANK 0.00% of their portfolio OSLO, Q8 42,88942.9k $558.8k $558.8k 0.00% Reduced -27.1k -27,111
42 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 42,19242.2k $549.8k $549.8k 0.00% Added +1.9k +1,924
43 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 41,66041.7k $558.2k $558.2k 0.00% New
44 Skandinaviska Enskilda Banken AB (publ) 0.00% of their portfolio STOCKHOLM, V7 38,03538.0k $495.6k $495.6k 0.00% Unchanged
45 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 34,43034.4k $448.6k $448.6k 0.00% New
46 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 30,60130.6k $398.7k $398.7k 0.01% New
47 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 28,45328.5k $370.7k $370.7k 0.02% Added +1.1k +1,119
48 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 25,64825.6k $334.2k $334.2k 0.00% Reduced -359.8k -359,758
49 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 25,02825.0k $326.1k $326.1k 0.00% First filing
50 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 24,90224.9k $324.5k $324.5k 0.00% New
51 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 23,01823.0k $299.9k $299.9k 0.00% Added +4.0k +4,010
52 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 21,79421.8k $284.0k $284.0k 0.00% Reduced -42.9k -42,946
53 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 21,51721.5k $280.4k $280.4k 0.00% First filing
54 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 20,27120.3k $264.1k $264.1k 0.00% Reduced -9.8k -9,836
55 WEXFORD CAPITAL LP 0.07% of their portfolio WEST PALM BEACH, FL 20,00020.0k $260.6k $260.6k 0.07% Unchanged
56 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 19,03419.0k $248.0k $248.0k 0.00% New
57 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 18,41018.4k $239.9k $239.9k 0.00% Reduced -15.3k -15,267
58 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 17,45817.5k $227.5k $227.5k 0.00% Added +2.0k +1,970
59 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 16,74616.7k $218.2k $218.2k 0.00% New
60 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 14,91514.9k $194.3k $194.3k 0.00% Reduced -409 -409
61 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 13,66913.7k $178.1k $178.1k 0.00% New
62 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 12,77012.8k $166.4k $166.4k 0.00% New
63 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 12,16312.2k $158.5k $158.5k 0.00% Unchanged
64 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 12,00012.0k $156.4k $156.4k 0.00% Added +4.0k +4,000
65 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 11,37511.4k $148.2k $148.2k 0.00% Added +468 +468
66 CAXTON CORP 2.81% of their portfolio Princeton, NJ 10,94110.9k $142.6k $142.6k 2.81% Unchanged
67 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 10,25310.3k $133.6k $133.6k 0.00% Added +226 +226
68 Corebridge Financial, Inc. 0.00% of their portfolio HOUSTON, TX 9,4569.5k $123.2k $123.2k 0.00% Reduced -141 -141
69 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 9,0979.1k $118.5k $118.5k 0.03% New
70 Avanza Fonder AB 0.00% of their portfolio STOCKHOLM, V7 6,6536.7k $88.2k $88.2k 0.00% New
71 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 4,0004.0k $52.1k $52.1k 0.00% New
72 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 3,6923.7k $48.1k $48.1k 0.00% Unchanged
73 CWM, LLC 0.00% of their portfolio OMAHA, NE 2,1982.2k $29.0k $29.0k 0.00% New
74 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 2,0192.0k $26.3k $26.3k 0.00% Unchanged
75 Legal & General Group Plc 0.00% of their portfolio London, X0 1,9231.9k $25.1k $25.1k 0.00% Unchanged
76 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 1,4261.4k $18.6k $18.6k 0.00% Unchanged
77 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 1,0701.1k $13.9k $13.9k 0.00% New
78 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 922922 $12.0k $12.0k 0.00% Reduced -134 -134
79 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 865865 $11.0k $11.0k 0.00% Reduced -659 -659
80 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 658658 $9.0k $9.0k 0.00% Unchanged
81 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 595595 $7.8k $7.8k 0.00% Added +536 +536
82 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 567567 $7.4k $7.4k 0.00% New
83 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 325325 $5.1k $5.1k 0.00% New
84 Kessler Investment Group, LLC 0.00% of their portfolio COLUMBUS, IN 200200 $2.6k $2.6k 0.00% Unchanged
85 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 163163 $2.1k $2.1k 0.00% New
86 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 162162 $2.1k $2.1k 0.00% Reduced -114 -114
87 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 154154 $2.0k $2.0k 0.00% New
88 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 102102 $1.3k $1.3k 0.00% New
89 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 8080 $1.0k $1.0k 0.00% New
90 Lindbrook Capital, LLC 0.00% of their portfolio CALABASAS, CA 7171 $925 $925 0.00% New
91 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 3333 $430 $430 0.00% New
92 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 2020 $261 $261 0.00% New
93 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1616 $203 $203 0.00% New
94 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged