Vault-13

CARA THERAPEUTICS INC

COM · CUSIP 140755109

137 institutional holders -26 vs Q1 2023
29,357,05629.4m shares reported held*
$83.3mreported value*
21 new 48 added 38 reduced 46 sold out net sold ≈ $12.8m (-4.5m 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 ($149.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2.84. Options: 7 managers hold calls ($326.6k notional), 4 hold puts ($37.4k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 165Q4 22: 162Q1 23: 163Q2 23: 137137Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022165
Q4 2022162
Q1 2023163
Q2 2023137

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 75 bought or addedQ4 22: 62 cut or sold outQ4 22Q1 23: 71 bought or addedQ1 23: 85 cut or sold outQ1 23Q2 23: 69 bought or addedQ2 23: 84 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20227562
Q1 20237185
Q2 20236984

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ3 22 calls: $1.9mQ3 22 puts: $1.0mQ3 22P/C 0.53Q4 22 calls: $1.5mQ4 22 puts: $733.6kQ4 22P/C 0.49Q1 23 calls: $644.3kQ1 23 puts: $134.5kQ1 23P/C 0.21Q2 23 calls: $326.6kQ2 23 puts: $37.4kQ2 23P/C 0.11
Numbers
QuarterCallsPutsP/C
Q3 2022$1.9m$1.0m0.53
Q4 2022$1.5m$733.6k0.49
Q1 2023$644.3k$134.5k0.21
Q2 2023$326.6k$37.4k0.11

Biggest buyers

JACOBS LEVY EQUITY MANAGEMENT, INC New +1,022,882+1.0m
MILLENNIUM MANAGEMENT LLC Added +732,330+732.3k
FEDERATED HERMES, INC. Added +625,585+625.6k
Woodline Partners LP Added +588,842+588.8k
Clearbridge Investments, LLC Added +512,539+512.5k
Chescapmanager LLC Added +495,184+495.2k
Verition Fund Management LLC Added +426,771+426.8k
RENAISSANCE TECHNOLOGIES LLC Added +398,482+398.5k
Ergoteles LLC New +358,275+358.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +204,218+204.2k

Biggest sellers

BlackRock Inc. Reduced -3,900,715-3.9m
Bain Capital Life Sciences Investors, LLC Reduced -1,269,551-1.3m
KINGDON CAPITAL MANAGEMENT, L.L.C. Sold out -1,233,000-1.2m
STATE STREET CORP Reduced -983,484-983.5k
DIMENSIONAL FUND ADVISORS LP Reduced -542,842-542.8k
VANGUARD GROUP INC Reduced -528,848-528.8k
FARALLON CAPITAL MANAGEMENT, L.L.C. Reduced -328,779-328.8k
NORTHERN TRUST CORP Reduced -299,288-299.3k
PRINCIPAL FINANCIAL GROUP INC Reduced -262,972-263.0k
Bank of New York Mellon Corp Reduced -215,957-216.0k

Biggest calls

CITADEL ADVISORS LLC Reduced $117.4k41.5k shares
WOLVERINE TRADING, LLC New $91.8k32.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $74.4k26.3k shares
SIMPLEX TRADING, LLC Added $24.0k8.8k shares
GROUP ONE TRADING LLC Reduced $19.0k6.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
FNY Investment Advisers, LLC New $0100 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $26.0k9.2k shares
GROUP ONE TRADING LLC Added $11.3k4.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
SIMPLEX TRADING, LLC Unchanged $0200 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
Vifor (International) Ltd 13D · may seek influence filed 2024-12-18
Stated purposeThe information set forth in Item 4 is hereby amended and supplemented to read as follows: Asset Purchase Agreement On December 17, 2024, the Issuer and its subsidiary Cara Royalty Sub, LLC ("Royalty Sub" and together with the Issuer, each, a "Seller" and together, the "Sellers") entered into an Asset Purchase Agreement (the "APA") with Vifor Fresenius Medical Care Renal Pharma, Ltd., a majority-owned, indirect subsidiary of CSL Limited ("CSL Vifor"), pursuant to which, at the consummation of the transaction, Sellers will sell to CSL Vifor and CSL Vifor will acquire from Sellers certain assets and rights for the development, manufacture and commercialization of difelikefalin as well as certain associated liabilities (the "Asset Disposition") for a purchase price of $900,000 (subject to … Full filing
 13.5% 7.4m 2024-12-18

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.00% of their portfolio New York, NY 3,701,9683.7m $10.5m $10.5m 0.00% Reduced -3.9m -3,900,715
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 2,593,9782.6m $7.3m $7.3m 0.00% Reduced -528.8k -528,848
3 DISCIPLINED GROWTH INVESTORS INC /MN 0.11% of their portfolio MINNEAPOLIS, MN 1,764,2011.8m $5.0m $5.0m 0.11% Added +31.8k +31,826
4 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio SAN FRANCISCO, CA 1,666,5911.7m $4.7m $4.7m 0.03% Reduced -328.8k -328,779
5 Chescapmanager LLC 1.12% of their portfolio BALTIMORE, MD 1,655,5761.7m $4.7m $4.7m 1.12% Added +495.2k +495,184
6 JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio FLORHAM PARK, NJ 1,022,8821.0m $2.9m $2.9m 0.02% New
7 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 998,074998.1k $2.8m $2.8m 0.00% Added +512.5k +512,539
8 Bain Capital Life Sciences Investors, LLC 0.27% of their portfolio Boston, MA 934,898934.9k $2.6m $2.6m 0.27% Reduced -1.3m -1,269,551
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 934,302934.3k $2.6m $2.6m 0.00% Added +42.0k +41,983
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 919,458919.5k $2.6m $2.6m 0.00% Reduced -983.5k -983,484
11 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 809,934809.9k $2.3m $2.3m 0.01% Added +625.6k +625,585
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 809,734809.7k $2.3m $2.3m 0.00% Added +48.9k +48,884
13 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 744,837744.8k $2.1m $2.1m 0.00% Added +732.3k +732,330
14 PINNACLE ASSOCIATES LTD 0.03% of their portfolio NEW YORK, NY 672,440672.4k $1.9m $1.9m 0.03% Reduced -7.0k -6,973
15 Woodline Partners LP 0.02% of their portfolio San Francisco, CA 631,351631.4k $1.8m $1.8m 0.02% Added +588.8k +588,842
16 C WorldWide Group Holding A/S 0.02% of their portfolio COPENHAGEN, G7 583,460583.5k $1.7m $1.7m 0.02% Unchanged
17 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 450,000450.0k $1.3m $1.3m 0.02% Added +426.8k +426,771
18 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 434,050434.1k $1.2m $1.2m 0.00% Added +398.5k +398,482
19 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 409,529409.5k $1.2m $1.2m 0.00% Reduced -299.3k -299,288
20 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 403,040403.0k $1.1m $1.1m 0.00% Reduced -542.8k -542,842
21 Ergoteles LLC 0.05% of their portfolio NEW YORK, NY 358,275358.3k $1.0m $1.0m 0.05% New
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 327,420327.4k $926.6k $926.6k 0.00% Reduced -8.5k -8,452
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 315,431315.4k $892.7k $892.7k 0.00% Reduced -64.6k -64,589
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 285,851285.9k $809.0k $809.0k 0.00% Reduced -17.8k -17,774
25 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 268,285268.3k $759.2k $759.2k 0.00% Reduced -214.3k -214,286
26 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 258,471258.5k $731.5k $731.5k 0.00% Added +204.2k +204,218
27 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 239,486239.5k $677.7k $677.7k 0.00% Added +75.8k +75,750
28 ROYCE & ASSOCIATES LP 0.01% of their portfolio New York, NY 202,300202.3k $572.5k $572.5k 0.01% Unchanged
29 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 199,890199.9k $566.0k $566.0k 0.00% New
30 Vident Investment Advisory, LLC 0.02% of their portfolio Alpharetta, GA 194,262194.3k $549.8k $549.8k 0.02% Added +34.9k +34,857
31 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 190,989191.0k $540.5k $540.5k 0.01% Added +57.6k +57,558
32 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 189,175189.2k $535.4k $535.4k 0.00% Reduced -216.0k -215,957
33 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 184,604184.6k $522.4k $522.4k 0.01% New
34 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 179,926179.9k $509.2k $509.2k 0.00% Added +166.3k +166,298
35 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 179,241179.2k $507.3k $507.3k 0.00% Added +54.1k +54,142
36 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 173,303173.3k $490.0k $490.0k 0.00% Added +108.2k +108,207
37 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 173,144173.1k $490.0k $490.0k 0.00% Reduced -1.7k -1,724
38 Penserra Capital Management LLC 0.01% of their portfolio ORINDA, CA 161,542161.5k $457.0k $457.0k 0.01% Added +1.3k +1,252
39 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 154,990155.0k $438.6k $438.6k 0.01% Added +106.3k +106,342
40 FMR LLC 0.00% of their portfolio BOSTON, MA 152,332152.3k $431.1k $431.1k 0.00% Added +149.2k +149,152
41 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 148,116148.1k $419.2k $419.2k 0.00% Reduced -96.1k -96,065
42 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 140,392140.4k $397.3k $397.3k 0.01% New
43 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 133,134133.1k $376.8k $376.8k 0.00% New
44 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 128,200128.2k $362.8k $362.8k 0.00% Added +102.3k +102,300
45 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 114,384114.4k $323.7k $323.7k 0.00% Unchanged
46 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 93,22093.2k $263.8k $263.8k 0.00% Added +45.8k +45,820
47 Ensign Peak Advisors, Inc 0.00% of their portfolio SALT LAKE CITY, UT 88,77088.8k $251.2k $251.2k 0.00% Added +41.1k +41,150
48 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 87,60387.6k $248.0k $248.0k 0.00% New
49 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 86,76786.8k $245.6k $245.6k 0.00% Added +71.6k +71,608
50 PDT Partners, LLC 0.03% of their portfolio New York, NY 85,08885.1k $240.8k $240.8k 0.03% Reduced -16.9k -16,922
51 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.05% of their portfolio DUBLIN 2, L2 84,53084.5k $239.2k $239.2k 0.05% Unchanged
52 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 84,37884.4k $414.3k $414.3k 0.00% Unchanged
53 GSA CAPITAL PARTNERS LLP 0.02% of their portfolio LONDON, X0 81,68881.7k $231.0k $231.0k 0.02% Added +59.2k +59,154
54 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 77,61877.6k $219.7k $219.7k 0.00% Added +15.1k +15,080
55 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 76,63476.6k $216.9k $216.9k 0.00% Reduced -78.2k -78,183
56 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 73,29973.3k $207.4k $207.4k 0.01% Added +23.9k +23,910
57 Alpine Global Management, LLC 0.03% of their portfolio NEW YORK, NY 68,02868.0k $192.5k $192.5k 0.03% New
58 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 58,94258.9k $166.8k $166.8k 0.00% Reduced -11.6k -11,593
59 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 57,86657.9k $164.0k $164.0k 0.00% Added +14.6k +14,566
60 Point72 Middle East FZE 0.01% of their portfolio DUBAI, C0 55,79855.8k $157.9k $157.9k 0.01% Added +43.2k +43,181
61 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 54,93154.9k $155.5k $155.5k 0.00% Added +9.0k +9,025
62 XTX Topco Ltd 0.03% of their portfolio LONDON, X0 52,02552.0k $147.2k $147.2k 0.03% Reduced -55.6k -55,585
63 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 49,93249.9k $141.0k $141.0k 0.00% Reduced -25.1k -25,135
64 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 44,71744.7k $126.5k $126.5k 0.00% Added +4.8k +4,838
65 Brandywine Global Investment Management, LLC 0.00% of their portfolio PHILADELPHIA, PA 43,03643.0k $121.8k $121.8k 0.00% Reduced -43.6k -43,636
66 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 41,08741.1k $116.3k $116.3k 0.00% Reduced -35.1k -35,106
67 UBS Group AG 0.00% of their portfolio ZURICH, V8 36,14836.1k $102.3k $102.3k 0.00% Reduced -2.7k -2,653
68 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 35,65135.7k $100.9k $100.9k 0.00% Added +304 +304
69 FNY Investment Advisers, LLC 0.13% of their portfolio NEW YORK, NY 35,00035.0k $99.0k $99.0k 0.13% New
70 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 34,03934.0k $96.3k $96.3k 0.00% Added +32.7k +32,742
71 Quantbot Technologies LP 0.01% of their portfolio NEW YORK, NY 33,28733.3k $94.2k $94.2k 0.01% Added +5.1k +5,058
72 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 33,04233.0k $93.5k $93.5k 0.00% New
73 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 28,98729.0k $82.0k $82.0k 0.00% Reduced -3.9k -3,933
74 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 26,30126.3k $74.4k $74.4k 0.00% Added +11.3k +11,324
75 TWO SIGMA SECURITIES, LLC 0.01% of their portfolio NEW YORK, NY 24,08624.1k $68.2k $68.2k 0.01% Added +12.2k +12,240
76 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 23,95524.0k $67.8k $67.8k 0.00% Reduced -166.7k -166,675
77 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 23,18923.2k $65.0k $65.0k 0.00% Added +20.4k +20,412
78 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 22,60022.6k $64.0k $64.0k 0.00% New
79 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 22,51222.5k $63.7k $63.7k 0.00% Reduced -2.0k -1,964
80 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 22,43422.4k $63.5k $63.5k 0.00% Reduced -105 -105
81 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 22,15822.2k $62.7k $62.7k 0.00% Added +21.4k +21,406
82 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 22,10422.1k $62.6k $62.6k 0.00% Added +4.3k +4,335
83 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 20,15520.2k $57.0k $57.0k 0.00% Unchanged
84 Rathbones Group PLC 0.00% of their portfolio Liverpool, X0 20,00020.0k $56.6k $56.6k 0.00% Unchanged
85 Graham Capital Management, L.P. 0.00% of their portfolio ROWAYTON, CT 19,16819.2k $54.2k $54.2k 0.00% New
86 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 17,90017.9k $50.7k $50.7k 0.00% Reduced -263.0k -262,972
87 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 17,10817.1k $48.4k $48.4k 0.00% Added +609 +609
88 BALDWIN WEALTH PARTNERS LLC/MA 0.00% of their portfolio Marion, MA 16,01716.0k $45.3k $45.3k 0.00% Unchanged
89 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 16,01016.0k $45.3k $45.3k 0.00% Added +31 +31
90 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 15,55815.6k $44.0k $44.0k 0.00% Reduced -41.2k -41,221
91 State of Tennessee, Department of Treasury 0.00% of their portfolio NASHVILLE, TN 15,33815.3k $43.4k $43.4k 0.00% Unchanged
92 ROTHSCHILD INVESTMENT LLC /IL 0.00% of their portfolio CHICAGO, IL 15,10015.1k $43.0k $43.0k 0.00% Reduced -13.3k -13,300
93 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 14,51414.5k $41.1k $41.1k 0.00% New
94 MIRABELLA FINANCIAL SERVICES LLP 0.00% of their portfolio London, X0 14,25714.3k $40.3k $40.3k 0.00% New
95 Shay Capital LLC 0.01% of their portfolio NEW YORK, NY 12,50012.5k $35.4k $35.4k 0.01% New
96 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 11,83811.8k $33.4k $33.4k 0.00% New
97 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 11,65511.7k $33.0k $33.0k 0.00% Added +981 +981
98 Intrepid Financial Planning Group LLC 0.02% of their portfolio CARMEL, IN 11,50011.5k $32.5k $32.5k 0.02% Unchanged
99 JAG CAPITAL MANAGEMENT, LLC 0.00% of their portfolio ST LOUIS, MO 11,23511.2k $31.8k $31.8k 0.00% New
100 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 9,3469.3k $26.4k $26.4k 0.00% Reduced -19.1k -19,088