Vault-13

IMMUNIC INC

COM · CUSIP 4525EP101

0 institutional holders -75 vs Q1 2026
—reported value*
0 new 0 added 0 reduced 74 sold out net sold ≈ $77.4m (-64.6m 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.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 68Q4 22: 63Q1 23: 63Q2 23: 66Q3 23: 55Q4 23: 51Q1 24: 62Q2 24: 58Q3 24: 63Q4 24: 68Q1 25: 66Q2 25: 57Q3 25: 61Q4 25: 60Q1 26: 75Q2 26: 00Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202268
Q4 202263
Q1 202363
Q2 202366
Q3 202355
Q4 202351
Q1 202462
Q2 202458
Q3 202463
Q4 202468
Q1 202566
Q2 202557
Q3 202561
Q4 202560
Q1 202675
Q2 20260

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 28 bought or addedQ3 24: 19 cut or sold outQ4 24: 30 bought or addedQ4 24: 22 cut or sold outQ4 24Q1 25: 23 bought or addedQ1 25: 32 cut or sold outQ2 25: 20 bought or addedQ2 25: 28 cut or sold outQ2 25Q3 25: 24 bought or addedQ3 25: 18 cut or sold outQ4 25: 24 bought or addedQ4 25: 18 cut or sold outQ4 25Q1 26: 50 bought or addedQ1 26: 23 cut or sold outQ2 26: 0 bought or addedQ2 26: 74 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242819
Q4 20243022
Q1 20252332
Q2 20252028
Q3 20252418
Q4 20252418
Q1 20265023
Q2 2026074

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ3 25 calls: $582.0kQ3 25 puts: $55.4kQ3 25P/C 0.10Q4 25 calls: $255.7kQ4 25 puts: $21.7kQ4 25P/C 0.08Q1 26 calls: $526.5kQ1 26 puts: $81.0kQ1 26P/C 0.15Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$582.0k$55.4k0.10
Q4 2025$255.7k$21.7k0.08
Q1 2026$526.5k$81.0k0.15
Q2 2026$0$0—

Biggest buyers

None

Biggest sellers

Aberdeen Group plc Sold out -8,243,941-8.2m
BVF INC/IL Sold out -7,652,972-7.7m
Avidity Partners Management LP Sold out -7,369,352-7.4m
VANGUARD CAPITAL MANAGEMENT LLC Sold out -5,138,316-5.1m
Soleus Capital Management, L.P. Sold out -4,500,000-4.5m
Laurion Capital Management LP Sold out -3,882,162-3.9m
MILLENNIUM MANAGEMENT LLC Sold out -3,779,922-3.8m
MORGAN STANLEY Sold out -3,288,540-3.3m
Nantahala Capital Management, LLC Sold out -2,506,491-2.5m
683 Capital Management, LLC Sold out -2,450,000-2.5m

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
BIOTECHNOLOGY VALUE FUND L P 13D · may seek influence no change · filed 2026-02-20
Stated purposeThe Reporting Persons purchased the securities reported owned herein based on the Reporting Persons' belief that such securities, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable. Securities Purchase Agreement On February 12, 2026, the Issuer and certain accredited in… Full filing
 10.0% no change 13.6m 2026-02-20
Vivo Opportunity Fund Holdings, L.P. 13G · passive investor new · filed 2026-02-20 10.0% new 29.1m 2026-02-20
JANUS HENDERSON GROUP PLC 13G · institution +7.0 pts · filed 2025-12-08 10.0% +7.0 pts 12.0m 2025-12-08
Adage Capital Management, L.P. 13G · institution +8.4 pts · filed 2025-08-12 10.0% +8.4 pts 10.5m 2025-08-12
Avidity Partners Management LP 13G · passive investor +5.1 pts · filed 2026-04-17 9.9% +5.1 pts 14.0m 2026-04-17
Commodore Capital LP 13G · passive investor new · filed 2026-02-24 9.9% new 13.4m 2026-02-24
Trails Edge Capital Partners, LP 13G · passive investor new · filed 2026-02-24 8.7% new 11.5m 2026-02-24
Deep Track Capital, LP 13G · passive investor new · filed 2026-03-04 8.7% new 11.5m 2026-03-04
Nantahala Capital Management, LLC 13G · institution -1.8 pts · filed 2026-02-13 8.2% -1.8 pts 10.4m 2026-02-13
Aberdeen Group plc 13G · institution -1.8 pts · filed 2026-02-02 6.8% -1.8 pts 8.2m 2026-02-02
683 Capital Management, LLC 13G · passive investor -4.0 pts · filed 2026-02-17 5.9% -4.0 pts 7.5m 2026-02-17
Soleus Capital Master Fund, L.P. 13G · passive investor new · filed 2026-02-19 5.5% new 6.8m 2026-02-19
ORBIMED ADVISORS LLC 13G · passive investor new · filed 2026-08-14 5.3% new 756.9k 2026-08-14

Fell to 5% or below in the last year: Alyeska Investment Group, L.P. (4.8%, 2026-05-15), ARMISTICE CAPITAL, LLC (5.0%, 2025-11-14)

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change