Vault-13

TVARDI THERAPEUTICS INC TVRD

COM · Common Stock · CUSIP 140755307 · ISIN US1407553072

58 institutional holders -9 vs Q1 2026
2,226,2792.2m shares reported held*
16.7% of all shares outstanding*
$4.2mreported value*
13 new 7 added 24 reduced 20 sold out net sold ≈ $901.4k (-474.4k 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 ($1.6k this quarter). Holder counts are more reliable. Shares outstanding: 13.3m as of 2026-08-11, 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 ≈ $1.91.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 1Q4 22: 1Q1 23: 1Q2 23: 1Q3 23: 1Q4 23: 0Q1 24: 0Q2 24: 0Q3 24: 0Q4 24: 0Q1 25: 0Q2 25: 49Q3 25: 65Q4 25: 64Q1 26: 67Q2 26: 5858Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 20221
Q4 20221
Q1 20231
Q2 20231
Q3 20231
Q4 20230
Q1 20240
Q2 20240
Q3 20240
Q4 20240
Q1 20250
Q2 202549
Q3 202565
Q4 202564
Q1 202667
Q2 202658

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 23: 0 bought or addedQ1 23: 0 cut or sold outQ2 23: 0 bought or addedQ2 23: 0 cut or sold outQ2 23Q3 23: 0 bought or addedQ3 23: 0 cut or sold outQ4 23: 0 bought or addedQ4 23: 1 cut or sold outQ4 23Q3 25: 44 bought or addedQ3 25: 13 cut or sold outQ4 25: 42 bought or addedQ4 25: 22 cut or sold outQ4 25Q1 26: 31 bought or addedQ1 26: 28 cut or sold outQ2 26: 20 bought or addedQ2 26: 44 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 202300
Q2 202300
Q3 202300
Q4 202301
Q3 20254413
Q4 20254222
Q1 20263128
Q2 20262044

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ3 25 calls: $1.7mQ3 25 puts: $73.2kQ3 25P/C 0.04Q4 25 calls: $94.6kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$1.7m$73.2k0.04
Q4 2025$94.6k$00.00
Q1 2026$0$0—
Q2 2026$0$0—

Biggest buyers

UBS Group AG Added +60,679+60.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +33,165+33.2k
Russell Investments Group, Ltd. Added +19,921+19.9k
Savant Capital, LLC New +19,462+19.5k
GSA CAPITAL PARTNERS LLP New +17,885+17.9k
DIADEMA PARTNERS LP New +16,607+16.6k
XTX Topco Ltd New +14,868+14.9k
BROWN ADVISORY INC New +11,200+11.2k
Qube Research & Technologies Ltd New +10,210+10.2k
MORGAN STANLEY Added +4,951+5.0k

Biggest sellers

BlackRock, Inc. Reduced -292,597-292.6k
GEODE CAPITAL MANAGEMENT, LLC Reduced -91,989-92.0k
STATE STREET CORP Reduced -63,331-63.3k
GREAT LAKES ADVISORS, LLC Sold out -36,236-36.2k
VANGUARD PORTFOLIO MANAGEMENT LLC Sold out -33,833-33.8k
Squarepoint Ops LLC Sold out -32,676-32.7k
NORTHERN TRUST CORP Reduced -27,245-27.2k
GOLDMAN SACHS GROUP INC Sold out -23,898-23.9k
FARALLON CAPITAL MANAGEMENT, L.L.C. Sold out -21,438-21.4k
Bank of New York Mellon Corp Sold out -17,405-17.4k

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
Slate Path Capital LP 13G · institution new · filed 2025-08-14 7.5% new 704.1k≈ $1.3m 2025-08-14

Fell to 5% or below in the last year: DePinho Ronald A (4.5%, 2026-02-17)

Insider purchases and sales since 1 Apr 2026

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
202Q4 24: 0 buyingQ4 24: 1 sellingQ1 25: 0 buyingQ1 25: 2 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—1——
Q1 20250—2——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20260—0——
Q3 20260—0——

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Slate Path Capital LP 0.02% of their portfolio New York, NY 704,118704.1k $1.3m $1.3m 0.02% Unchanged
2 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 344,382344.4k $654.3k $654.3k 0.00% Reduced -326 -326
3 AMERICAN FINANCIAL GROUP INC 0.15% of their portfolio CINCINNATI, OH 223,659223.7k $425.0k $425.0k 0.15% Unchanged
4 UBS Group AG 0.00% of their portfolio ZURICH, V8 111,133111.1k $211.2k $211.2k 0.00% Added +60.7k +60,679
5 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.00% of their portfolio NEW YORK, NY 101,034101.0k $192.0k $192.0k 0.00% Unchanged
6 BlackRock, Inc. 0.00% of their portfolio New York, NY 95,47895.5k $181.4k $181.4k 0.00% Reduced -292.6k -292,597
7 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 91,40991.4k $173.7k $173.7k 0.00% Reduced -691 -691
8 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 90,35090.3k $171.7k $171.7k 0.00% Reduced -92.0k -91,989
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 77,84577.8k $147.9k $147.9k 0.00% Added +5.0k +4,951
10 Duncan Williams Asset Management, LLC 0.03% of their portfolio MEMPHIS, TN 63,24163.2k $120.2k $120.2k 0.03% Unchanged
11 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 44,71044.7k $84.9k $84.9k 0.00% Reduced -2.2k -2,162
12 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 43,22843.2k $82.1k $82.1k 0.00% Added +19.9k +19,921
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 33,90033.9k $64.4k $64.4k 0.00% Reduced -63.3k -63,331
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 33,16533.2k $63.0k $63.0k 0.00% New
15 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 27,09627.1k $51.5k $51.5k 0.00% Reduced -15.1k -15,096
16 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 21,83621.8k $41.5k $41.5k 0.00% Reduced -27.2k -27,245
17 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 19,46219.5k $49.4k $49.4k 0.00% New
18 GSA CAPITAL PARTNERS LLP 0.00% of their portfolio LONDON, X0 17,88517.9k $34.0k $34.0k 0.00% New
19 DIADEMA PARTNERS LP 0.01% of their portfolio MORRISTOWN, NJ 16,60716.6k $31.6k $31.6k 0.01% New
20 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 14,86814.9k $28.2k $28.2k 0.00% New
21 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 11,20011.2k $21.3k $21.3k 0.00% New
22 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 11,00311.0k $20.9k $20.9k 0.00% Added +2.7k +2,670
23 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 10,21010.2k $19.4k $19.4k 0.00% New
24 Persistent Asset Partners Ltd 0.00% of their portfolio HONG KONG, K3 4,2534.3k $8.1k $8.1k 0.00% New
25 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,5183.5k $6.7k $6.7k 0.00% Added +3.0k +2,999
26 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 3,4003.4k $6.5k $6.5k 0.00% Unchanged
27 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 3,2753.3k $6.2k $6.2k 0.00% Reduced -187 -187
28 FMR LLC 0.00% of their portfolio BOSTON, MA 1,2931.3k $2.5k $2.5k 0.00% Reduced -4.0k -3,985
29 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,2751.3k $2.4k $2.4k 0.00% Reduced -991 -991
30 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 565565 $1.1k $1.1k 0.00% Reduced -381 -381
31 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 466466 $1.0k $1.0k 0.00% Added +381 +381
32 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 239239 $454 $454 0.00% Reduced -1.2k -1,187
33 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 214214 $407 $407 0.00% Unchanged
34 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 158158 $301 $301 0.00% Reduced -48 -48
35 TD PRIVATE CLIENT WEALTH LLC 0.00% of their portfolio NEW YORK, NY 149149 $283 $283 0.00% New
36 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 126126 $240 $240 0.00% Reduced -2.4k -2,439
37 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 8585 $162 $162 0.00% New
38 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 6161 $118 $118 0.00% New
39 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 4646 $88 $88 0.00% Reduced -21 -21
40 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 4040 $76 $76 0.00% Reduced -49 -49
41 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 2727 $41 $41 0.00% Reduced -101 -101
42 LRI Investments, LLC 0.00% of their portfolio PALM BEACH GARDENS, FL 2727 $51 $51 0.00% Unchanged
43 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2424 $44 $44 0.00% Added +22 +22
44 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1616 $30 $30 0.00% Reduced -7 -7
45 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1515 $29 $29 0.00% Unchanged
46 Leonteq Securities AG 0.00% of their portfolio ZURICH, V8 1212 $23 $23 0.00% Unchanged
47 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 99 $17 $17 0.00% Reduced -3 -3
48 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 66 $11 $11 0.00% Reduced -30 -30
49 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 66 $12 $12 0.00% Unchanged
50 Truvestments Capital LLC 0.00% of their portfolio SARASOTA, FL 44 $8 $8 0.00% Unchanged
51 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 33 $6 $6 0.00% Reduced -2 -2
52 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 22 $4 $4 0.00% Unchanged
53 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 22 $4 $4 0.00% Reduced -7 -7
54 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 11 $2 $2 0.00% Unchanged
55 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 11 $2 $2 0.00% Reduced -275 -275
56 Axiom Investment Management LLC 0.00% of their portfolio NEW YORK, NY 11 $2 $2 0.00% New
57 Front Row Advisors LLC 0.00% of their portfolio TIBURON, CA 11 $2 $2 0.00% New
58 SJS Investment Consulting Inc. 0.00% of their portfolio SYLVANIA, OH 11 $2 $2 0.00% Unchanged