Vault-13

BICARA THERAPEUTICS INC BCAX

COM · Common Stock · CUSIP 055477103

107 institutional holders +13 vs Q1 2025
51,062,13451.1m shares reported held*
93.6% of all shares outstanding*
$474.4mreported value*
32 new 43 added 16 reduced 19 sold out net bought ≈ $23.8m (+2.6m 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 ($1.0m this quarter). Holder counts are more reliable. Shares outstanding: 54.6m as of 2025-08-06, 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 ≈ $9.29. Options: 2 managers hold calls ($11.0k notional), 3 hold puts ($23.6k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 24: 70Q4 24: 85Q1 25: 94Q2 25: 107107Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 202470
Q4 202485
Q1 202594
Q2 2025107

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 25Q2 25: 75 bought or addedQ2 25: 35 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 20245530
Q1 20255236
Q2 20257535

Calls vs puts

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

CallsPuts
$0$10k$20k$30kQ3 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 2.00Q2 25 calls: $11.0kQ2 25 puts: $23.6kQ2 25P/C 2.14
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$22.0k$00.00
Q1 2025$1.0k$2.0k2.00
Q2 2025$11.0k$23.6k2.14

Biggest buyers

Vestal Point Capital, LP Added +2,231,025+2.2m
Siren, L.L.C. Added +1,949,886+1.9m
VANGUARD GROUP INC Added +914,140+914.1k
BlackRock, Inc. Added +769,388+769.4k
MILLENNIUM MANAGEMENT LLC Added +715,371+715.4k
BANK OF AMERICA CORP /DE/ Added +432,818+432.8k
Deep Track Capital, LP Added +426,657+426.7k
Artisan Partners Limited Partnership New +402,765+402.8k
Logos Global Management LP New +400,000+400.0k
SCHRODER INVESTMENT MANAGEMENT GROUP Added +383,681+383.7k

Biggest sellers

BRAIDWELL LP Sold out -2,162,803-2.2m
WELLINGTON MANAGEMENT GROUP LLP Sold out -1,394,676-1.4m
JANUS HENDERSON GROUP PLC Sold out -1,343,754-1.3m
ADAGE CAPITAL PARTNERS GP, L.L.C. Sold out -1,182,900-1.2m
FMR LLC Reduced -1,073,169-1.1m
MORGAN STANLEY Reduced -947,671-947.7k
BAKER BROS. ADVISORS LP Sold out -833,333-833.3k
Fairmount Funds Management LLC Sold out -784,170-784.2k
ORBIMED ADVISORS LLC Sold out -298,301-298.3k
Schonfeld Strategic Advisors LLC Reduced -103,213-103.2k

Biggest calls

SIMPLEX TRADING, LLC Added $11.0k1.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

GROUP ONE TRADING LLC New $18.6k2.0k shares
SIMPLEX TRADING, LLC Added $5.0k600 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 Q2 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
101Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 1 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 1 sellingQ2 25: 0 buyingQ2 25: 1 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
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
Q2 20250—1$165.1k$165.1k
DateInsiderTradeSharesPrice ValueTheir holding
2025-06-16 Meisner Lara Chief Legal Officer Sold plan 15,829 $10.43 $165.1k15.8k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RA CAPITAL MANAGEMENT, L.P. 1.09% of their portfolio BOSTON, MA 6,955,9937.0m $64.6m $64.6m 1.09% Unchanged
2 Siren, L.L.C. 2.51% of their portfolio New York, NY 5,216,9695.2m $48.5m $48.5m 2.51% Added +1.9m +1,949,886
3 Vestal Point Capital, LP 2.45% of their portfolio NEW YORK, NY 5,000,0005.0m $46.5m $46.5m 2.45% Added +2.2m +2,231,025
4 RED TREE MANAGEMENT, LLC 40.18% of their portfolio REDWOOD CITY, CA 3,170,5093.2m $29.5m $29.5m 40.18% Unchanged
5 TPG GP A, LLC 1.49% of their portfolio FORT WORTH, TX 3,010,4253.0m $28.0m $28.0m 1.49% Unchanged
6 FMR LLC 0.00% of their portfolio BOSTON, MA 2,538,4042.5m $23.6m $23.6m 0.00% Reduced -1.1m -1,073,169
7 Deep Track Capital, LP 0.72% of their portfolio GREENWICH, CT 2,426,6572.4m $22.5m $22.5m 0.72% Added +426.7k +426,657
8 Omega Fund Management, LLC 13.26% of their portfolio Boston, MA 2,204,6502.2m $20.5m $20.5m 13.26% Unchanged
9 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 2,150,3102.2m $20.0m $20.0m 0.00% Added +352.3k +352,289
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,111,3202.1m $19.6m $19.6m 0.00% Added +769.4k +769,388
11 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 2,005,2582.0m $18.6m $18.6m 0.00% Added +914.1k +914,140
12 Blackstone Inc. 0.05% of their portfolio NEW YORK, NY 1,224,3361.2m $11.4m $11.4m 0.05% Added +196.0k +196,042
13 FIL Ltd 0.01% of their portfolio HAMILTON, D0 1,013,8531.0m $9.4m $9.4m 0.01% Unchanged
14 Foresite Capital Management VI LLC 4.96% of their portfolio WEST HOLLYWOOD, CA 949,260949.3k $8.8m $8.8m 4.96% Reduced -740 -740
15 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 741,019741.0k $6.9m $6.9m 0.01% Added +715.4k +715,371
16 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 672,485672.5k $6.2m $6.2m 0.00% Added +180.8k +180,833
17 ACORN CAPITAL ADVISORS, LLC 3.91% of their portfolio NEW YORK, NY 643,382643.4k $6.0m $6.0m 3.91% Unchanged
18 Aisling Capital Management LP 1.47% of their portfolio NEW YORK, NY 568,919568.9k $5.3m $5.3m 1.47% Unchanged
19 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 541,067541.1k $5.0m $5.0m 0.00% Added +170.9k +170,936
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 451,228451.2k $4.2m $4.2m 0.00% Added +432.8k +432,818
21 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 425,341425.3k $4.0m $4.0m 0.00% Added +383.7k +383,681
22 Artisan Partners Limited Partnership 0.01% of their portfolio Milwaukee, WI 402,765402.8k $3.7m $3.7m 0.01% New
23 Logos Global Management LP 0.50% of their portfolio San Francisco, CA 400,000400.0k $3.7m $3.7m 0.50% New
24 Woodline Partners LP 0.02% of their portfolio San Francisco, CA 348,690348.7k $3.2m $3.2m 0.02% Unchanged
25 NAN FUNG TRINITY (HK) LTD 0.38% of their portfolio CENTRAL, HONG KONG, K3 342,885342.9k $3.2m $3.2m 0.38% New
26 Rock Springs Capital Management LP 0.19% of their portfolio Baltimore, MD 336,070336.1k $3.1m $3.1m 0.19% Unchanged
27 DAFNA Capital Management LLC 0.81% of their portfolio LOS ANGELES, CA 317,001317.0k $2.9m $2.9m 0.81% Added +105.0k +105,000
28 Napean Trading & Investment Co (Singapore) PTE Ltd 0.68% of their portfolio SINGAPORE, U0 275,942275.9k $2.6m $2.6m 0.68% Unchanged
29 READYSTATE ASSET MANAGEMENT LP 0.10% of their portfolio CHICAGO, IL 270,200270.2k $2.5m $2.5m 0.10% New
30 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 262,751262.8k $2.4m $2.4m 0.02% Reduced -103.2k -103,213
31 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 231,613231.6k $2.2m $2.2m 0.00% Added +77.4k +77,401
32 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 224,538224.5k $2.1m $2.1m 0.00% Added +93.6k +93,600
33 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 221,516221.5k $2.1m $2.1m 0.00% New
34 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 216,836216.8k $2.0m $2.0m 0.00% New
35 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 204,460204.5k $1.9m $1.9m 0.00% Reduced -947.7k -947,671
36 SECTORAL ASSET MANAGEMENT INC 1.24% of their portfolio MONTREAL, A8 201,395201.4k $1.9m $1.9m 1.24% New
37 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 193,053193.1k $1.8m $1.8m 0.00% Added +40.0k +40,049
38 SUPERSTRING CAPITAL MANAGEMENT LP 2.20% of their portfolio NEW YORK, NY 189,699189.7k $1.8m $1.8m 2.20% New
39 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 170,962171.0k $1.6m $1.6m 0.01% New
40 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 151,857151.9k $1.4m $1.4m 0.00% Added +26.2k +26,162
41 Atle Fund Management AB 0.59% of their portfolio STOCKHOLM, V7 147,380147.4k $1.4m $1.4m 0.59% Added +27.5k +27,547
42 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 134,457134.5k $1.2m $1.2m 0.00% Added +121.7k +121,687
43 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 125,783125.8k $1.2m $1.2m 0.00% Added +57.2k +57,222
44 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 124,085124.1k $1.2m $1.2m 0.00% Added +12.7k +12,702
45 Jain Global LLC 0.02% of their portfolio NEW YORK, NY 117,910117.9k $1.1m $1.1m 0.02% New
46 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 102,525102.5k $952.5k $952.5k 0.01% New
47 Skandinaviska Enskilda Banken AB (publ) 0.00% of their portfolio STOCKHOLM, V7 99,23699.2k $921.9k $921.9k 0.00% Added +61.2k +61,201
48 Catalio Capital Management, LP 0.19% of their portfolio NEW YORK, NY 97,80097.8k $908.6k $908.6k 0.19% New
49 UBS Group AG 0.00% of their portfolio ZURICH, V8 87,60687.6k $813.9k $813.9k 0.00% Added +21.8k +21,752
50 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 80,42880.4k $747.2k $747.2k 0.00% Added +38.2k +38,236
51 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 67,70167.7k $628.9k $628.9k 0.00% New
52 SPHERA FUNDS MANAGEMENT LTD. 0.16% of their portfolio TEL AVIV, L3 65,67965.7k $610.2k $610.2k 0.16% New
53 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 57,33457.3k $532.6k $532.6k 0.00% Added +37.1k +37,063
54 Atom Investors LP 0.05% of their portfolio AUSTIN, TX 55,14155.1k $512.3k $512.3k 0.05% New
55 SCS Capital Management LLC 0.01% of their portfolio BOSTON, MA 53,43053.4k $496.4k $496.4k 0.01% New
56 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 51,80951.8k $481.3k $481.3k 0.00% New
57 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 50,49650.5k $469.1k $469.1k 0.01% New
58 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 46,91146.9k $435.8k $435.8k 0.00% Added +23.9k +23,893
59 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 45,56045.6k $423.3k $423.3k 0.00% New
60 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 44,43744.4k $412.8k $412.8k 0.00% Added +19.4k +19,409
61 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 43,24843.2k $401.8k $401.8k 0.00% Added +18.3k +18,346
62 NORGES BANK 0.00% of their portfolio OSLO, Q8 42,88942.9k $398.4k $398.4k 0.00% Unchanged
63 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 32,41432.4k $301.1k $301.1k 0.01% Added +4.0k +3,961
64 ALPS ADVISORS INC 0.00% of their portfolio Denver, CO 29,42329.4k $273.3k $273.3k 0.00% New
65 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 28,60428.6k $265.7k $265.7k 0.00% New
66 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 27,67327.7k $257.1k $257.1k 0.00% Added +10.9k +10,927
67 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 27,47227.5k $255.2k $255.2k 0.00% New
68 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 27,45827.5k $255.1k $255.1k 0.00% Added +5.7k +5,664
69 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 26,09426.1k $242.4k $242.4k 0.00% Added +22.1k +22,094
70 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 24,30824.3k $225.8k $225.8k 0.00% New
71 ADAR1 Capital Management, LLC 0.03% of their portfolio AUSTIN, TX 22,87522.9k $212.5k $212.5k 0.03% New
72 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 21,70121.7k $201.6k $201.6k 0.00% Added +11.4k +11,448
73 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 18,72918.7k $174.0k $174.0k 0.00% Added +7.4k +7,354
74 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 16,87716.9k $156.8k $156.8k 0.00% Added +2.0k +1,962
75 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 16,09016.1k $149.5k $149.5k 0.00% New
76 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 14,16014.2k $130.0k $130.0k 0.00% Added +13.3k +13,295
77 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 13,36313.4k $124.1k $124.1k 0.00% New
78 Mariner, LLC 0.00% of their portfolio Overland Park, KS 12,43712.4k $115.5k $115.5k 0.00% New
79 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 11,52011.5k $107.0k $107.0k 0.00% Reduced -5.9k -5,938
80 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 11,09611.1k $103.1k $103.1k 0.00% New
81 CAXTON CORP 1.03% of their portfolio Princeton, NJ 10,94110.9k $101.6k $101.6k 1.03% Unchanged
82 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 9,9109.9k $92.1k $92.1k 0.00% Reduced -24.5k -24,520
83 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 8,1278.1k $75.5k $75.5k 0.03% Reduced -970 -970
84 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 8,1098.1k $75.3k $75.3k 0.00% Added +4.4k +4,417
85 Avanza Fonder AB 0.00% of their portfolio STOCKHOLM, V7 6,5676.6k $61.0k $61.0k 0.00% Reduced -86 -86
86 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 4,7884.8k $44.5k $44.5k 0.00% Added +3.9k +3,866
87 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 3,4933.5k $32.5k $32.5k 0.00% Added +1.5k +1,474
88 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3,1683.2k $29.4k $29.4k 0.00% Reduced -18.3k -18,349
89 Legal & General Group Plc 0.00% of their portfolio London, X0 3,1563.2k $29.3k $29.3k 0.00% Added +1.2k +1,233
90 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 2,1352.1k $19.8k $19.8k 0.00% Added +709 +709
91 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 874874 $8.1k $8.1k 0.00% Added +712 +712
92 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 677677 $6.3k $6.3k 0.00% Added +82 +82
93 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 658658 $6.0k $6.0k 0.00% Unchanged
94 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 433433 $4.0k $4.0k 0.00% New
95 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 410410 $3.8k $3.8k 0.00% Reduced -157 -157
96 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 354354 $3.3k $3.3k 0.00% Reduced -716 -716
97 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 294294 $2.7k $2.7k 0.00% Reduced -31 -31
98 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 285285 $2.6k $2.6k 0.00% Reduced -11.7k -11,715
99 Kessler Investment Group, LLC 0.00% of their portfolio COLUMBUS, IN 200200 $1.9k $1.9k 0.00% Unchanged
100 CWM, LLC 0.00% of their portfolio OMAHA, NE 171171 $2.0k $2.0k 0.00% Reduced -2.0k -2,027