Vault-13

CARDIOL THERAPEUTICS INC CRDL

COM CL A · Common Stock · CUSIP 14161Y200

39 institutional holders +0 vs Q1 2025
6,485,7266.5m shares reported held*
$8.8mreported value*
7 new 9 added 11 reduced 7 sold out net sold ≈ $1.7m (-1.2m 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. Implied quarter-end price ≈ $1.36. Options: 4 managers hold calls ($177.3k notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 27Q4 22: 33Q1 23: 36Q2 23: 34Q3 23: 36Q4 23: 33Q1 24: 36Q2 24: 42Q3 24: 42Q4 24: 44Q1 25: 39Q2 25: 3939Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202227
Q4 202233
Q1 202336
Q2 202334
Q3 202336
Q4 202333
Q1 202436
Q2 202442
Q3 202442
Q4 202444
Q1 202539
Q2 202539

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 16 bought or addedQ3 23: 9 cut or sold outQ4 23: 8 bought or addedQ4 23: 11 cut or sold outQ4 23Q1 24: 10 bought or addedQ1 24: 10 cut or sold outQ2 24: 22 bought or addedQ2 24: 11 cut or sold outQ2 24Q3 24: 16 bought or addedQ3 24: 19 cut or sold outQ4 24: 21 bought or addedQ4 24: 17 cut or sold outQ4 24Q1 25: 18 bought or addedQ1 25: 18 cut or sold outQ2 25: 16 bought or addedQ2 25: 18 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023169
Q4 2023811
Q1 20241010
Q2 20242211
Q3 20241619
Q4 20242117
Q1 20251818
Q2 20251618

Calls vs puts

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

CallsPuts
$0$50k$100k$150k$200kQ3 24 calls: $193.9kQ3 24 puts: $22.4kQ3 24P/C 0.12Q4 24 calls: $188.3kQ4 24 puts: $4.9kQ4 24P/C 0.03Q1 25 calls: $155.5kQ1 25 puts: $1.6kQ1 25P/C 0.01Q2 25 calls: $177.3kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$193.9k$22.4k0.12
Q4 2024$188.3k$4.9k0.03
Q1 2025$155.5k$1.6k0.01
Q2 2025$177.3k$00.00

Biggest buyers

Tejara Capital Ltd Added +70,829+70.8k
MORGAN STANLEY Added +40,268+40.3k
ROYAL BANK OF CANADA Added +27,794+27.8k
MERCER GLOBAL ADVISORS INC /ADV New +22,600+22.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +20,023+20.0k
GOLDMAN SACHS GROUP INC Added +18,300+18.3k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New +16,840+16.8k
BANK OF AMERICA CORP /DE/ Added +15,255+15.3k
LPL Financial LLC New +15,210+15.2k
MONECO ADVISORS, LLC New +15,000+15.0k

Biggest sellers

MMCAP International Inc. SPC Reduced -489,569-489.6k
UBS Group AG Reduced -358,613-358.6k
PVG ASSET MANAGEMENT CORP Reduced -153,890-153.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -147,467-147.5k
AdvisorShares Investments LLC Reduced -125,100-125.1k
Cambridge Investment Research Advisors, Inc. Reduced -115,020-115.0k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -55,000-55.0k
Atria Investments, Inc Reduced -42,711-42.7k
Virtu Financial LLC Sold out -16,038-16.0k
Evelyn Partners Investment Management LLP Sold out -10,000-10.0k

Biggest calls

SIMPLEX TRADING, LLC Reduced $107.0k79.0k shares
CITADEL ADVISORS LLC Added $51.1k37.6k shares
GROUP ONE TRADING LLC Added $19.2k14.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

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
MMCAP International Inc. SPC 13G · passive investor -0.3 pts · filed 2026-08-14 17.6% -0.3 pts 21.3m≈ $20.6m 2026-08-14
Tejara Capital Ltd 13G · institution +0.1 pts · filed 2026-09-23 5.3% +0.1 pts 6.4m≈ $6.2m 2026-09-23

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.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Tejara Capital Ltd 2.06% of their portfolio London, X0 3,265,8193.3m $4.4m $4.4m 2.06% Added +70.8k +70,829
2 AdvisorShares Investments LLC 0.21% of their portfolio BETHESDA, MD 857,388857.4k $1.2m $1.2m 0.21% Reduced -125.1k -125,100
3 Lion Street Advisors, LLC 0.14% of their portfolio Austin, TX 340,025340.0k $461.1k $461.1k 0.14% Added +6.3k +6,300
4 MMCAP International Inc. SPC 0.05% of their portfolio GRAND CAYMAN, E9 293,056293.1k $398.6k $398.6k 0.05% Reduced -489.6k -489,569
5 PVG ASSET MANAGEMENT CORP 1.31% of their portfolio GOLDEN, CO 283,472283.5k $385.5k $385.5k 1.31% Reduced -153.9k -153,890
6 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 206,265206.3k $280.0k $280.0k 0.00% Reduced -115.0k -115,020
7 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 181,682181.7k $246.6k $246.6k 0.00% Reduced -147.5k -147,467
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 139,244139.2k $189.4k $189.4k 0.00% Reduced -358.6k -358,613
9 Knoll Capital Management, LLC 0.10% of their portfolio MIAMI, FL 100,000100.0k $136.0k $136.0k 0.10% Unchanged
10 MGO ONE SEVEN LLC 0.00% of their portfolio Beachwood, OH 100,000100.0k $136.0k $136.0k 0.00% Unchanged
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 99,88199.9k $135.8k $135.8k 0.00% Added +40.3k +40,268
12 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 96,34296.3k $131.0k $131.0k 0.00% Reduced -42.7k -42,711
13 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 59,95260.0k $81.4k $81.4k 0.00% Reduced -7.6k -7,612
14 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 57,50057.5k $78.2k $78.2k 0.00% Added +18.3k +18,300
15 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 52,43552.4k $71.3k $71.3k 0.00% Unchanged
16 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 50,00050.0k $68.0k $68.0k 0.00% Reduced -79 -79
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 40,60840.6k $56.0k $56.0k 0.00% Added +27.8k +27,794
18 Marble Harbor Investment Counsel, LLC 0.01% of their portfolio BOSTON, MA 39,90039.9k $54.3k $54.3k 0.01% Added +3.0k +3,000
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 26,45526.5k $36.0k $36.0k 0.00% Added +15.3k +15,255
20 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 22,60022.6k $30.7k $30.7k 0.00% New
21 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 21,06021.1k $29.7k $29.7k 0.00% Unchanged
22 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 20,02320.0k $27.2k $27.2k 0.00% New
23 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 16,84016.8k $25.9k $25.9k 0.00% New
24 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 15,21015.2k $20.7k $20.7k 0.00% New
25 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 15,15115.2k $20.6k $20.6k 0.00% Unchanged
26 MONECO ADVISORS, LLC 0.00% of their portfolio FAIRFIELD, CT 15,00015.0k $20.4k $20.4k 0.00% New
27 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 14,20014.2k $19.0k $19.0k 0.00% New
28 Independent Advisor Alliance 0.00% of their portfolio CHARLOTTE, NC 10,00010.0k $13.6k $13.6k 0.00% Unchanged
29 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 9,2139.2k $12.5k $12.5k 0.00% Added +650 +650
30 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 7,7137.7k $10.5k $10.5k 0.00% Reduced -733 -733
31 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 6,9006.9k $9.0k $9.0k 0.00% Unchanged
32 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 6,1546.2k $8.4k $8.4k 0.00% New
33 VALLEY NATIONAL ADVISERS INC 0.00% of their portfolio BETHLEHEM, PA 5,0005.0k $6.0k $6.0k 0.00% Unchanged
34 Piscataqua Savings Bank 0.01% of their portfolio PORTSMOUTH, NH 5,0005.0k $10.2k $10.2k 0.01% Unchanged
35 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,0144.0k $5.4k $5.4k 0.00% Reduced -275 -275
36 SouthState Bank Corp 0.00% of their portfolio Winter Haven, FL 1,0001.0k $1.4k $1.4k 0.00% Unchanged
37 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 477477 $649 $649 0.00% Added +2 +2
38 Painted Porch Advisors LLC 0.00% of their portfolio SANTA BARBARA, CA 147147 $200 $200 0.00% Unchanged
39 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged