DENALI THERAPEUTICS INC DNLI
COM · Common Stock · CUSIP 24823R105 · ISIN US24823R1059
Company in South San Francisco, United States
- SectorHealth care
- IndustryBiological Products, (No Diagnostic Substances)
- HeadquartersSouth San Francisco, CA
- Founded2015
- Websitedenalitherapeutics.com
- FilingsSEC EDGAR
* 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 ($1.1m this quarter). Holder counts are more reliable. Shares outstanding: 159.8m as of 2026-07-31, 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 ≈ $25.59. Options: 7 managers hold calls ($16.4m notional), 7 hold puts ($15.4m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 201 |
| Q4 2022 | 200 |
| Q1 2023 | 203 |
| Q2 2023 | 205 |
| Q3 2023 | 197 |
| Q4 2023 | 211 |
| Q1 2024 | 213 |
| Q2 2024 | 205 |
| Q3 2024 | 218 |
| Q4 2024 | 226 |
| Q1 2025 | 225 |
| Q2 2025 | 233 |
| Q3 2025 | 241 |
| Q4 2025 | 251 |
| Q1 2026 | 269 |
| Q2 2026 | 293 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 110 | 81 |
| Q4 2024 | 116 | 91 |
| Q1 2025 | 108 | 111 |
| Q2 2025 | 129 | 101 |
| Q3 2025 | 124 | 88 |
| Q4 2025 | 125 | 104 |
| Q1 2026 | 151 | 88 |
| Q2 2026 | 171 | 96 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $3.0m | $1.6m | 0.52 |
| Q4 2025 | $2.1m | $536.6k | 0.25 |
| Q1 2026 | $11.4m | $6.8m | 0.59 |
| Q2 2026 | $16.4m | $15.4m | 0.94 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | Added | +7.7m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Added | +2.1m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +1.1m |
| BlackRock, Inc. | Added | +992.0k |
| STATE STREET CORP | Added | +777.3k |
| Holocene Advisors, LP | Added | +709.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +672.0k |
| UBS Group AG | Added | +549.2k |
| CITIGROUP INC | Added | +448.0k |
| DAFNA Capital Management LLC | Added | +420.5k |
Biggest sellers
| Lynx1 Capital Management LP | Reduced | -1.9m |
| Vestal Point Capital, LP | Sold out | -1.8m |
| Alyeska Investment Group, L.P. | Reduced | -1.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.3m |
| Defilade Capital Management, L.P. | Reduced | -968.1k |
| STEMPOINT CAPITAL LP | Sold out | -853.1k |
| ADAR1 Capital Management, LLC | Reduced | -842.4k |
| Clearstead Advisors, LLC | Reduced | -737.9k |
| Aberdeen Group plc | Reduced | -509.0k |
| MARSHALL WACE, LLP | Reduced | -441.4k |
Biggest calls
| Balyasny Asset Management L.P. | New | $11.1m432.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.2m85.8k shares |
| CITADEL ADVISORS LLC | Added | $2.0m77.3k shares |
| Point72 Asset Management, L.P. | Added | $596.7k23.2k shares |
| IMC-Chicago, LLC | Added | $396.1k15.4k shares |
| SIMPLEX TRADING, LLC | New | $95.2k3.7k shares |
| GROUP ONE TRADING LLC | Reduced | $12.9k500 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $11.7m455.8k shares |
| JANE STREET GROUP, LLC | Added | $1.5m58.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.2m45.2k shares |
| Point72 Asset Management, L.P. | Added | $596.7k23.2k shares |
| IMC-Chicago, LLC | New | $349.8k13.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $54.0k2.1k shares |
| GROUP ONE TRADING LLC | Reduced | $23.1k900 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.
| Holder | Stake |
|---|---|
| T. Rowe Price Investment Management, Inc. 13G · institution +4.8 pts · filed 2026-07-08 | 10.2% |
| BAILLIE GIFFORD & CO 13G · institution -1.1 pts · filed 2026-08-04 | 7.5% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 7.2% |
Fell to 5% or below in the last year: FMR LLC (4.2%, 2026-05-06), VANGUARD GROUP INC (0.0%, 2026-03-26)
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 5 | $4.2m | $4.2m |
| Q1 2025 | 0 | — | 5 | $1.2m | $64.4k |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 3 | $7.5m | $7.5m |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 2 | $864.9k | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 3 | $435.3k | $326.8k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-04 | Chin Peter Scott Chief Medical Officer | Sold | $36.9k1.7k shares |
| 2026-09-02 | Thornberry Nancy Director | Sold plan | $261.9k11.4k shares |
| 2026-09-01 | Schuth Alexander O. COFO and Secretary | Sold plan | $64.9k2.8k shares |
| 2026-08-11 | Schuth Alexander O. COFO and Secretary | Sold | $71.6k2.9k shares |
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 2026
| Manager | Shares | Change |
|---|---|---|
| T. Rowe Price Investment Management, Inc. 0.27% of their portfolio | 16.2m $416.1m | Added +7.7m |
| BlackRock, Inc. 0.01% of their portfolio | 14.0m $360.8m | Added +992.0k |
| BAILLIE GIFFORD & CO 0.28% of their portfolio | 12.0m $307.6m | Reduced -106.2k |
| STATE STREET CORP 0.01% of their portfolio | 7.0m $181.3m | Added +777.3k |
| Temasek Holdings (Private) Ltd 0.49% of their portfolio | 7.0m $180.4m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 6.5m $166.6m | Added +356.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 6.3m $161.4m | Added +127.8k |
| FMR LLC 0.01% of their portfolio | 4.5m $116.7m | Reduced -39.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.2m $106.9m | Reduced -251.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.0m $102.2m | Added +246.2k |
| Holocene Advisors, LP 0.23% of their portfolio | 3.9m $100.4m | Added +709.8k |
| BAKER BROS. ADVISORS LP 0.48% of their portfolio | 3.7m $96.0m | Added +2.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 3.2m $81.3m | Reduced -1.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 3.1m $80.7m | Added +672.0k |
| UBS Group AG 0.01% of their portfolio | 3.1m $80.3m | Added +549.2k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 3.0m $57.3m | Added +91.2k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.9m $73.6m | Added +168.4k |
| NORGES BANK 0.01% of their portfolio | 2.8m $72.7m | Not comparable |
| Pictet Asset Management Holding SA 0.07% of their portfolio | 2.8m $71.9m | Added +232.3k |
| Capital Research Global Investors 0.01% of their portfolio | 2.6m $66.0m | Added +51.2k |
| Fisher Asset Management, LLC 0.02% of their portfolio | 2.4m $62.1m | Reduced -22.7k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.09% of their portfolio | 2.2m $56.8m | Added +2.1m |
| Casdin Capital, LLC 2.63% of their portfolio | 2.0m $52.6m | Added +205.0k |
| Crestline Management, L.P. 91.90% of their portfolio | 1.9m $49.1m | Reduced -300.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 1.4m $36.5m | Reduced -58.4k |
| Foresite Capital Management VI LLC 5.59% of their portfolio | 1.4m $35.9m | Added +186.8k |
| Siren, L.L.C. 0.73% of their portfolio | 1.4m $35.9m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.4m $35.7m | Added +79.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio | 1.4m $34.9m | Added +1.1m |
| Aberdeen Group plc 0.05% of their portfolio | 1.3m $34.6m | Reduced -509.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.2m $32.0m | Added +37.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $31.7m | Added +96.8k |
| Artisan Partners Limited Partnership 0.05% of their portfolio | 1.2m $31.5m | Added +124.8k |
| Candriam S.C.A. 0.14% of their portfolio | 1.2m $30.6m | Added +90.0k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.1m $29.0m | Reduced -132.2k |
| ADAR1 Capital Management, LLC 1.24% of their portfolio | 1.0m $26.5m | Reduced -842.4k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 991.9k $25.5m | Added +42.2k |
| MORGAN STANLEY 0.00% of their portfolio | 961.0k $24.7m | Reduced -143.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 800.3k $20.6m | Added +32.2k |
| DAFNA Capital Management LLC 3.62% of their portfolio | 739.0k $19.0m | Added +420.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 712.5k $18.3m | Reduced -223.2k |
| Cercano Management LLC 2.14% of their portfolio | 625.0k $16.1m | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 609.0k $15.7m | Added +313.4k |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 582.7k $15.0m | Added +66.9k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 549.8k $14.1m | Reduced -441.4k |
| SEGALL BRYANT & HAMILL, LLC 0.16% of their portfolio | 519.5k $13.4m | Added +8.9k |
| CITIGROUP INC 0.01% of their portfolio | 487.3k $12.5m | Added +448.0k |
| Defilade Capital Management, L.P. 1.35% of their portfolio | 391.9k $10.1m | Reduced -968.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 388.5k $10.0m | Added +285.9k |
| Woodline Partners LP 0.03% of their portfolio | 364.1k $9.4m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 343.9k $8.8m | Added +33.7k |
| ExodusPoint Capital Management, LP 0.08% of their portfolio | 336.6k $8.7m | New |
| Marex Group Ltd 0.06% of their portfolio | 295.6k $7.6m | Added +8.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 287.0k $7.6m | Reduced -37.0k |
| Swiss National Bank 0.00% of their portfolio | 270.5k $7.0m | Reduced -3.3k |
| TD Asset Management Inc 0.01% of their portfolio | 231.6k $6.0m | Reduced -24.1k |
| GROUPAMA ASSET MANAGMENT 0.07% of their portfolio | 229.9k $5.9m | Added +22.8k |
| Privium Fund Management B.V. 1.09% of their portfolio | 229.9k $5.9m | Reduced -25.0k |
| XTX Topco Ltd 0.08% of their portfolio | 227.0k $5.8m | Added +148.4k |
| Alyeska Investment Group, L.P. 0.01% of their portfolio | 219.3k $5.6m | Reduced -1.7m |
| Susquehanna Portfolio Strategies, LLC 0.09% of their portfolio | 211.5k $5.4m | Added +53.6k |
| MASTERS CAPITAL MANAGEMENT LLC 0.72% of their portfolio | 200.0k $5.1m | Reduced -400.0k |
| Burkehill Global Management, LP 0.19% of their portfolio | 200.0k $5.1m | Unchanged |
| SCS Capital Management LLC 0.05% of their portfolio | 198.0k $5.1m | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 194.8k $5.0m | Added +10.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 189.9k $4.9m | Added +82.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 179.2k $4.6m | Added +79.7k |
| Rhenman & Partners Asset Management AB 0.43% of their portfolio | 179.0k $4.6m | Reduced -20.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 171.7k $4.4m | Added +43.6k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.03% of their portfolio | 166.2k $4.3m | Unchanged |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.06% of their portfolio | 165.1k $4.2m | Reduced -60.6k |
| ALPS ADVISORS INC 0.02% of their portfolio | 160.4k $4.1m | Added +31.3k |
| E. Ohman J:or Asset Management AB 0.10% of their portfolio | 160.0k $4.1m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 152.1k $3.9m | Reduced -10.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 149.8k $3.9m | Added +29.4k |
| GREAT LAKES ADVISORS, LLC 0.03% of their portfolio | 145.0k $3.7m | Reduced -82.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 141.2k $3.6m | Added +15.9k |
| Man Group plc 0.01% of their portfolio | 139.1k $3.6m | Added +20 |
| Hudson Bay Capital Management LP 0.02% of their portfolio | 130.0k $3.3m | Reduced -216.4k |
| Odyssean, LLC 0.52% of their portfolio | 125.1k $3.2m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 123.3k $3.2m | Added +72.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 117.3k $3.0m | Reduced -8.1k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 115.8k $3.0m | Added +4.1k |
| B. Metzler seel. Sohn & Co. AG 0.02% of their portfolio | 112.3k $2.9m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 112.0k $2.9m | Added +1.7k |
| Integrated Wealth Concepts LLC 0.01% of their portfolio | 102.2k $2.6m | Added +2.7k |
| PFM Health Sciences, LP 0.23% of their portfolio | 101.0k $2.6m | New |
| Integral Health Asset Management, LLC 0.11% of their portfolio | 100.0k $2.6m | New |
| Ghisallo Capital Management LLC 0.05% of their portfolio | 100.0k $2.6m | Unchanged |
| Lumbard & Kellner, LLC 0.77% of their portfolio | 98.3k $2.5m | Added +3.5k |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 96.3k $2.5m | Reduced -54.3k |
| D.A. DAVIDSON & CO. 0.01% of their portfolio | 87.7k $2.3m | Reduced -22.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 86.0k $2.2m | Added +72.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 85.6k $2.2m | Added +8.1k |
| BARCLAYS PLC 0.00% of their portfolio | 84.9k $2.2m | Added +32.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 84.7k $2.2m | Added +2.3k |
| Creative Planning 0.00% of their portfolio | 84.6k $2.2m | Added +10.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 82.7k $2.1m | Reduced -6.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 78.9k $2.0m | Reduced -16.3k |
| Phocas Financial Corp. 0.25% of their portfolio | 71.2k $1.8m | New |