Vault-13

HILLEVAX INC

COM · Common Stock · CUSIP 43157M102

75 institutional holders -7 vs Q1 2025
41,550,96041.6m shares reported held*
$82.6mreported value*
14 new 18 added 30 reduced 22 sold out net sold ≈ $1.2m (-604.5k 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 ($8.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.99.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 51Q4 22: 56Q1 23: 62Q2 23: 55Q3 23: 69Q4 23: 70Q1 24: 82Q2 24: 95Q3 24: 80Q4 24: 77Q1 25: 82Q2 25: 7575Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202251
Q4 202256
Q1 202362
Q2 202355
Q3 202369
Q4 202370
Q1 202482
Q2 202495
Q3 202480
Q4 202477
Q1 202582
Q2 202575

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 48 bought or addedQ3 23: 9 cut or sold outQ4 23: 46 bought or addedQ4 23: 21 cut or sold outQ4 23Q1 24: 41 bought or addedQ1 24: 28 cut or sold outQ2 24: 66 bought or addedQ2 24: 23 cut or sold outQ2 24Q3 24: 46 bought or addedQ3 24: 55 cut or sold outQ4 24: 40 bought or addedQ4 24: 27 cut or sold outQ4 24Q1 25: 30 bought or addedQ1 25: 34 cut or sold outQ2 25: 32 bought or addedQ2 25: 52 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023489
Q4 20234621
Q1 20244128
Q2 20246623
Q3 20244655
Q4 20244027
Q1 20253034
Q2 20253252

Biggest buyers

EcoR1 Capital, LLC New +2,420,243+2.4m
RBF Capital, LLC New +200,000+200.0k
Rangeley Capital, LLC New +153,790+153.8k
Militia Capital Partners, LP New +143,212+143.2k
ACADIAN ASSET MANAGEMENT LLC Added +142,825+142.8k
TWO SIGMA ADVISERS, LP Added +109,224+109.2k
Y-Intercept (Hong Kong) Ltd New +109,153+109.2k
TWO SIGMA INVESTMENTS, LP Added +79,494+79.5k
BML Capital Management, LLC Added +71,153+71.2k
GSA CAPITAL PARTNERS LLP Added +54,914+54.9k

Biggest sellers

BlackRock, Inc. Reduced -1,707,979-1.7m
STATE STREET CORP Reduced -489,865-489.9k
MORGAN STANLEY Reduced -480,771-480.8k
GEODE CAPITAL MANAGEMENT, LLC Reduced -353,679-353.7k
GOLDMAN SACHS GROUP INC Reduced -195,206-195.2k
BANK OF AMERICA CORP /DE/ Reduced -183,732-183.7k
NORTHERN TRUST CORP Reduced -164,395-164.4k
VANGUARD GROUP INC Reduced -134,463-134.5k
Verition Fund Management LLC Reduced -79,130-79.1k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Sold out -75,937-75.9k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Frazier Life Sciences Management, L.P. 0.84% of their portfolio PALO ALTO, CA 10,617,06210.6m $21.1m $21.1m 0.84% Unchanged
2 TAKEDA PHARMACEUTICAL CO LTD 68.43% of their portfolio Tokyo, M0 6,724,0006.7m $13.4m $13.4m 68.43% Unchanged
3 TANG CAPITAL MANAGEMENT LLC 0.49% of their portfolio SAN DIEGO, CA 4,920,0004.9m $9.8m $9.8m 0.49% Unchanged
4 EcoR1 Capital, LLC 0.29% of their portfolio San Francisco, CA 2,420,2432.4m $4.8m $4.8m 0.29% New
5 LIGHTSPEED MANAGEMENT COMPANY, L.L.C. 1.92% of their portfolio MENLO PARK, CA 2,303,8712.3m $4.6m $4.6m 1.92% Unchanged
6 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 1,953,6422.0m $3.9m $3.9m 0.00% Reduced -4.0k -3,977
7 DEERFIELD MANAGEMENT COMPANY, L.P. 0.07% of their portfolio New York, NY 1,882,6541.9m $3.7m $3.7m 0.07% Unchanged
8 Carlyle Group Inc. 0.07% of their portfolio WASHINGTON, DC 1,838,4861.8m $3.6m $3.6m 0.07% Unchanged
9 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,451,2051.5m $2.9m $2.9m 0.00% Reduced -134.5k -134,463
10 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 976,297976.3k $1.9m $1.9m 0.00% Reduced -26.5k -26,520
11 StepStone Group LP 3.26% of their portfolio La Jolla, CA 826,569826.6k $1.6m $1.6m 3.26% Unchanged
12 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 460,505460.5k $916.4k $916.4k 0.00% Reduced -195.2k -195,206
13 SAMSARA BIOCAPITAL, LLC 0.16% of their portfolio PALO ALTO, CA 399,637399.6k $795.3k $795.3k 0.16% Unchanged
14 Trium Capital LLP 0.20% of their portfolio LONDON, X0 395,188395.2k $786.4k $786.4k 0.20% Added +17.0k +16,983
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 387,533387.5k $771.2k $771.2k 0.00% Reduced -1.7m -1,707,979
16 QIMING U.S. VENTURES MANAGEMENT, LLC 3.14% of their portfolio BELLEVUE, WA 372,615372.6k $741.5k $741.5k 3.14% Unchanged
17 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 314,468314.5k $625.8k $625.8k 0.00% Reduced -10.0k -10,016
18 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 308,595308.6k $611.0k $611.0k 0.00% Added +142.8k +142,825
19 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 255,254255.3k $508.2k $508.2k 0.00% Reduced -353.7k -353,679
20 Stonepine Capital Management, LLC 0.44% of their portfolio Bend, OR 226,009226.0k $449.8k $449.8k 0.44% Reduced -12.9k -12,941
21 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 211,600211.6k $421.1k $421.1k 0.00% Added +109.2k +109,224
22 RBF Capital, LLC 0.02% of their portfolio RENO, NV 200,000200.0k $398.0k $398.0k 0.02% New
23 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 176,327176.3k $350.9k $350.9k 0.00% Added +21.5k +21,543
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 174,906174.9k $348.1k $348.1k 0.00% Reduced -480.8k -480,771
25 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 170,209170.2k $338.7k $338.7k 0.00% Added +79.5k +79,494
26 Rangeley Capital, LLC 0.38% of their portfolio NEW CANAAN, CT 153,790153.8k $306.0k $306.0k 0.38% New
27 Militia Capital Partners, LP 0.07% of their portfolio AUSTIN, TX 143,212143.2k $285.0k $285.0k 0.07% New
28 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 110,264110.3k $219.4k $219.4k 0.00% Reduced -489.9k -489,865
29 Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio HONG KONG, K3 109,153109.2k $217.2k $217.2k 0.01% New
30 ZACKS INVESTMENT MANAGEMENT 0.00% of their portfolio Chicago, IL 92,80392.8k $184.7k $184.7k 0.00% Unchanged
31 BML Capital Management, LLC 0.14% of their portfolio ZIONSVILLE, IN 91,91391.9k $182.9k $182.9k 0.14% Added +71.2k +71,153
32 GSA CAPITAL PARTNERS LLP 0.01% of their portfolio LONDON, X0 78,46678.5k $156.0k $156.0k 0.01% Added +54.9k +54,914
33 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 62,13462.1k $123.6k $123.6k 0.00% Reduced -164.4k -164,395
34 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 61,99762.0k $123.4k $123.4k 0.00% Added +42.1k +42,142
35 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 61,54261.5k $122.4k $122.4k 0.00% Unchanged
36 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 54,10054.1k $107.7k $107.7k 0.00% Added +26.5k +26,500
37 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 49,96350.0k $99.4k $99.4k 0.00% New
38 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 43,21943.2k $86.0k $86.0k 0.00% Added +9.7k +9,724
39 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 42,75342.8k $85.1k $85.1k 0.00% Added +18.3k +18,262
40 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 37,62537.6k $74.9k $74.9k 0.00% Reduced -79.1k -79,130
41 UBS Group AG 0.00% of their portfolio ZURICH, V8 34,32434.3k $68.3k $68.3k 0.00% Reduced -21.5k -21,487
42 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 30,94230.9k $61.6k $61.6k 0.00% New
43 Jain Global LLC 0.00% of their portfolio NEW YORK, NY 30,25730.3k $60.2k $60.2k 0.00% New
44 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 30,19630.2k $60.1k $60.1k 0.00% New
45 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 26,49326.5k $52.7k $52.7k 0.00% New
46 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 26,46726.5k $52.7k $52.7k 0.00% Added +2.0k +2,038
47 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 23,93923.9k $47.5k $47.5k 0.00% Added +6.6k +6,601
48 Point72 Asia (Singapore) Pte. Ltd. 0.01% of their portfolio SINGAPORE, U0 22,98623.0k $45.7k $45.7k 0.01% New
49 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 21,40021.4k $42.6k $42.6k 0.00% New
50 FMR LLC 0.00% of their portfolio BOSTON, MA 19,33119.3k $38.5k $38.5k 0.00% Added +6.9k +6,931
51 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 18,56518.6k $36.9k $36.9k 0.00% Added +1.3k +1,345
52 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 17,23517.2k $34.3k $34.3k 0.00% Reduced -1.9k -1,930
53 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 16,45316.5k $32.7k $32.7k 0.00% Reduced -3.8k -3,762
54 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 15,10615.1k $30.1k $30.1k 0.00% Reduced -41.5k -41,457
55 PRELUDE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 13,41113.4k $26.7k $26.7k 0.00% Reduced -8.7k -8,689
56 Callan Family Office, LLC 0.00% of their portfolio RADNOR, PA 11,73411.7k $23.4k $23.4k 0.00% Reduced -7.6k -7,593
57 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,60611.6k $23.1k $23.1k 0.00% Reduced -33.5k -33,526
58 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 7,3607.4k $14.6k $14.6k 0.00% Reduced -10.8k -10,782
59 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,2324.2k $8.4k $8.4k 0.00% Reduced -19.8k -19,810
60 CWM, LLC 0.00% of their portfolio OMAHA, NE 3,1023.1k $6.0k $6.0k 0.00% Reduced -708 -708
61 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,5982.6k $5.2k $5.2k 0.00% Reduced -45.4k -45,418
62 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,6101.6k $4.0k $4.0k 0.00% Reduced -5 -5
63 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,4461.4k $2.9k $2.9k 0.00% Reduced -714 -714
64 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,0981.1k $2.2k $2.2k 0.00% Reduced -863 -863
65 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 929929 $1.8k $1.8k 0.00% Reduced -183.7k -183,732
66 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 836836 $1.7k $1.7k 0.00% Added +828 +828
67 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 600600 $1.2k $1.2k 0.00% Reduced -152 -152
68 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 449449 $894 $894 0.00% Reduced -31.7k -31,670
69 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 353353 $702 $702 0.00% Added +234 +234
70 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 207207 $412 $412 0.00% New
71 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 167167 $333 $333 0.00% New
72 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 147147 $293 $293 0.00% Added +134 +134
73 Private Wealth Management Group, LLC 0.00% of their portfolio PRINCETON, NJ 2020 $40 $40 0.00% Reduced -132 -132
74 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 1212 $24 $24 0.00% First filing
75 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged