Vault-13

TVARDI THERAPEUTICS INC TVRD

COM · Common Stock · CUSIP 140755307 · ISIN US1407553072

49 institutional holders
1,923,3151.9m shares reported held*
20.5% of all shares outstanding*
$44.4mreported value*

* 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: 9.4m as of 2025-08-08, 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 ≈ $23.08. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 1Q4 22: 1Q1 23: 1Q2 23: 1Q3 23: 1Q4 23: 0Q1 24: 0Q2 24: 0Q3 24: 0Q4 24: 0Q1 25: 0Q2 25: 4949Q3 22Q2 23Q1 24Q4 24Q2 25
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

Buyers vs sellers

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

Bought or addedCut or sold out
101Q4 22: 0 bought or addedQ4 22: 0 cut or sold outQ4 22Q1 23: 0 bought or addedQ1 23: 0 cut or sold outQ1 23Q2 23: 0 bought or addedQ2 23: 0 cut or sold outQ2 23Q3 23: 0 bought or addedQ3 23: 0 cut or sold outQ3 23Q4 23: 0 bought or addedQ4 23: 1 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 202200
Q1 202300
Q2 202300
Q3 202300
Q4 202301

Biggest buyers

Slate Path Capital LP New +704,118+704.1k
VANGUARD GROUP INC New +398,410+398.4k
BlackRock, Inc. New +267,875+267.9k
683 Capital Management, LLC New +176,030+176.0k
GEODE CAPITAL MANAGEMENT, LLC New +112,138+112.1k
STATE STREET CORP New +41,529+41.5k
RENAISSANCE TECHNOLOGIES LLC New +31,234+31.2k
NORTHERN TRUST CORP New +30,408+30.4k
UBS Group AG New +29,353+29.4k
MARSHALL WACE, LLP New +24,980+25.0k

Biggest sellers

None

Biggest calls

Biggest puts

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
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 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
404Q3 23: 0 buyingQ3 23: 1 sellingQ4 23: 0 buyingQ4 23: 1 sellingQ4 23Q1 24: 0 buyingQ1 24: 3 sellingQ2 24: 0 buyingQ2 24: 3 sellingQ2 24Q3 24: 0 buyingQ3 24: 1 sellingQ4 24: 0 buyingQ4 24: 1 sellingQ4 24Q1 25: 0 buyingQ1 25: 2 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—1$13.2k$13.2k
Q4 20230—1$4.6k—
Q1 20240—3$8.1k—
Q2 20240—3$5.2k—
Q3 20240—1$1.5k—
Q4 20240—1——
Q1 20250—2——
Q2 20250—0——

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Slate Path Capital LP 0.28% of their portfolio New York, NY 704,118704.1k $16.4m $16.4m 0.28% New
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 398,410398.4k $9.3m $9.3m 0.00% New
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 267,875267.9k $6.2m $6.2m 0.00% New
4 683 Capital Management, LLC 0.37% of their portfolio NEW YORK, NY 176,030176.0k $3.6m $3.6m 0.37% New
5 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 112,138112.1k $2.6m $2.6m 0.00% New
6 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.00% of their portfolio SAN FRANCISCO, CA 43,22543.2k $1.0m $1.0m 0.00% Not comparable
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 41,52941.5k $968.9k $968.9k 0.00% New
8 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 31,23431.2k $728.7k $728.7k 0.00% New
9 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 30,40830.4k $709.4k $709.4k 0.00% New
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 29,35329.4k $684.8k $684.8k 0.00% New
11 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 24,98025.0k $582.8k $582.8k 0.00% New
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 17,08517.1k $398.6k $398.6k 0.00% New
13 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 12,05212.1k $281.2k $281.2k 0.00% New
14 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 5,7895.8k $135.1k $135.1k 0.00% New
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,8944.9k $114.2k $114.2k 0.00% New
16 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 4,0004.0k $92.0k $92.0k 0.00% New
17 Headlands Technologies LLC 0.01% of their portfolio CHICAGO, IL 3,4313.4k $80.0k $80.0k 0.01% New
18 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 3,4113.4k $79.6k $79.6k 0.00% New
19 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 3,0303.0k $70.7k $70.7k 0.00% New
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,5092.5k $58.5k $58.5k 0.00% New
21 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 1,8631.9k $43.5k $43.5k 0.00% New
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,6681.7k $38.9k $38.9k 0.00% New
23 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,1521.2k $26.9k $26.9k 0.00% New
24 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 867867 $20.2k $20.2k 0.00% New
25 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 532532 $12.0k $12.0k 0.00% New
26 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 349349 $8.1k $8.1k 0.00% New
27 Legal & General Group Plc 0.00% of their portfolio London, X0 310310 $7.2k $7.2k 0.00% New
28 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 300300 $7.0k $7.0k 0.00% New
29 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 213213 $5.0k $5.0k 0.00% New
30 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 117117 $3.0k $3.0k 0.00% New
31 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 103103 $2.4k $2.4k 0.00% New
32 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 8282 $1.9k $1.9k 0.00% New
33 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 6565 $1.5k $1.5k 0.00% New
34 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4141 $954 $954 0.00% New
35 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 2424 $591 $591 0.00% New
36 McIlrath & Eck, LLC 0.00% of their portfolio ARLINGTON, WA 2020 $467 $467 0.00% New
37 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1919 $444 $444 0.00% New
38 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1414 $327 $327 0.00% New
39 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 1414 $327 $327 0.00% New
40 Kiker Wealth Management, LLC 0.00% of their portfolio JASPER, GA 1313 $303 $303 0.00% New
41 Leonteq Securities AG 0.00% of their portfolio ZURICH, V8 1212 $280 $280 0.00% New
42 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1010 $234 $234 0.00% New
43 TRUST CO OF TOLEDO NA /OH/ 0.00% of their portfolio HOLLAND, OH 99 $210 $210 0.00% New
44 FMR LLC 0.00% of their portfolio BOSTON, MA 55 $117 $117 0.00% New
45 Truvestments Capital LLC 0.00% of their portfolio SARASOTA, FL 44 $93 $93 0.00% New
46 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 44 $93 $93 0.00% New
47 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 22 $47 $47 0.00% New
48 COMERICA BANK 0.00% of their portfolio DALLAS, TX 11 $23 $23 0.00% New
49 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 11 $23 $23 0.00% New