IMMUNIC INC
COM · CUSIP 4525EP101
55
institutional holders
-11 vs Q2 2023
18.4m
shares reported held*
$27.0mreported value*
4 new
15 added
19 reduced
14 sold out
net sold ≈ $2.7m (-1.8m 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 ≈ $1.47. Options: 4 managers hold calls ($144.6k notional), 5 hold puts ($267.5k).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 68 |
| Q4 2022 | 63 |
| Q1 2023 | 63 |
| Q2 2023 | 66 |
| Q3 2023 | 55 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 40 | 35 |
| Q1 2023 | 30 | 26 |
| Q2 2023 | 31 | 22 |
| Q3 2023 | 19 | 33 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $738.1k | $521.4k | 0.71 |
| Q1 2023 | $54.7k | $544.9k | 9.97 |
| Q2 2023 | $428.3k | $569.6k | 1.33 |
| Q3 2023 | $144.6k | $267.5k | 1.85 |
Biggest buyers
| RENAISSANCE TECHNOLOGIES LLC | Added | +422.5k |
| MARSHALL WACE, LLP | New | +190.9k |
| TWO SIGMA INVESTMENTS, LP | Added | +182.8k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +160.0k |
| INNOVIS ASSET MANAGEMENT LLC | Added | +86.2k |
| DIMENSIONAL FUND ADVISORS LP | Added | +66.3k |
| Schonfeld Strategic Advisors LLC | Added | +63.8k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Added | +50.0k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +43.4k |
| RTW INVESTMENTS, LP | Added | +40.8k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Reduced | -839.6k |
| Vivo Capital, LLC | Sold out | -632.2k |
| Verition Fund Management LLC | Reduced | -372.4k |
| Deep Track Capital, LP | Sold out | -308.3k |
| Ikarian Capital, LLC | Reduced | -200.0k |
| XTX Topco Ltd | Reduced | -194.3k |
| TWO SIGMA ADVISERS, LP | Reduced | -96.3k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -82.7k |
| Virtu Financial LLC | Sold out | -67.4k |
| BANK OF AMERICA CORP /DE/ | Reduced | -48.3k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $113.2k77.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $17.0k11.7k shares |
| CITADEL ADVISORS LLC | Reduced | $14.4k9.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $146.3k99.5k shares |
| CITADEL ADVISORS LLC | Reduced | $76.0k51.7k shares |
| GROUP ONE TRADING LLC | Added | $42.2k28.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.0k2.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
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% |
| Vivo Opportunity Fund Holdings, L.P. 13G · passive investor new · filed 2026-02-20 | 10.0% |
| JANUS HENDERSON GROUP PLC 13G · institution +7.0 pts · filed 2025-12-08 | 10.0% |
| Adage Capital Management, L.P. 13G · institution +8.4 pts · filed 2025-08-12 | 10.0% |
| Avidity Partners Management LP 13G · passive investor +5.1 pts · filed 2026-04-17 | 9.9% |
| Commodore Capital LP 13G · passive investor new · filed 2026-02-24 | 9.9% |
| Trails Edge Capital Partners, LP 13G · passive investor new · filed 2026-02-24 | 8.7% |
| Deep Track Capital, LP 13G · passive investor new · filed 2026-03-04 | 8.7% |
| Nantahala Capital Management, LLC 13G · institution -1.8 pts · filed 2026-02-13 | 8.2% |
| Aberdeen Group plc 13G · institution -1.8 pts · filed 2026-02-02 | 6.8% |
| 683 Capital Management, LLC 13G · passive investor -4.0 pts · filed 2026-02-17 | 5.9% |
| Soleus Capital Master Fund, L.P. 13G · passive investor new · filed 2026-02-19 | 5.5% |
| ORBIMED ADVISORS LLC 13G · passive investor new · filed 2026-08-14 | 5.3% |
Fell to 5% or below in the last year: Alyeska Investment Group, L.P. (4.8%, 2026-05-15)
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| RTW INVESTMENTS, LP 0.13% of their portfolio | 4.3m $6.4m | Added +40.8k |
| Omega Fund Management, LLC 2.41% of their portfolio | 1.8m $2.6m | Unchanged |
| Gratus Capital, LLC 0.17% of their portfolio | 1.7m $2.5m | Added +7.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.7m $2.4m | Reduced -13.7k |
| BVF INC/IL 0.05% of their portfolio | 1.1m $1.7m | Unchanged |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.02% of their portfolio | 761.7k $1.1m | Reduced -30.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 757.2k $1.1m | Added +160.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 577.4k $849.0k | Added +422.5k |
| Parkman Healthcare Partners LLC 0.15% of their portfolio | 562.5k $826.9k | Added +22.8k |
| Ikarian Capital, LLC 0.25% of their portfolio | 450.0k $661.5k | Reduced -200.0k |
| Logos Global Management LP 0.09% of their portfolio | 421.2k $619.1k | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 396.6k $583.2k | Added +43.4k |
| BlackRock Inc. 0.00% of their portfolio | 356.8k $524.5k | Reduced -20.7k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 352.5k $518.1k | Added +182.8k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 317.7k $467.0k | Reduced -96.3k |
| COWEN AND COMPANY, LLC 0.03% of their portfolio | 317.1k $466.1k | Reduced -40.8k |
| Soleus Capital Management, L.P. 0.04% of their portfolio | 300.0k $441.0k | Unchanged |
| INNOVIS ASSET MANAGEMENT LLC 0.15% of their portfolio | 272.5k $400.5k | Added +86.2k |
| Verition Fund Management LLC 0.00% of their portfolio | 245.3k $360.6k | Reduced -372.4k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 238.7k $350.9k | Added +63.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 232.6k $341.9k | Reduced -26.2k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 190.9k $280.6k | New |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 147.8k $217.3k | Added +50.0k |
| STATE STREET CORP 0.00% of their portfolio | 125.8k $184.9k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 110.2k $162.0k | Reduced -374 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 106.2k $156.1k | Reduced -839.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 105.4k $154.9k | Reduced -48.3k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 104.5k $153.6k | Added +66.3k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 81.1k $119.2k | Reduced -36.0k |
| MORGAN STANLEY 0.00% of their portfolio | 32.1k $47.2k | Reduced -25.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 27.0k $39.7k | Unchanged |
| XTX Topco Ltd 0.01% of their portfolio | 25.1k $37.0k | Reduced -194.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 25.0k $36.8k | Unchanged |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 24.8k $36.4k | Reduced -82.7k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 20.9k $30.8k | New |
| DENALI ADVISORS LLC 0.01% of their portfolio | 17.0k $25.0k | Unchanged |
| Balboa Wealth Partners 0.01% of their portfolio | 12.0k $17.6k | Unchanged |
| LEVEL FOUR ADVISORY SERVICES, LLC 0.00% of their portfolio | 11.8k $17.3k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 11.0k $16.2k | Unchanged |
| FMR LLC 0.00% of their portfolio | 3.6k $5.3k | Reduced -12.8k |
| UBS Group AG 0.00% of their portfolio | 3.1k $4.5k | Added +3.1k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.8k $2.6k | Added +1.6k |
| Cutler Group LLC / CA 0.00% of their portfolio | 1.4k $2.0k | Reduced -600 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 574 $845 | Added +65 |
| NFSG Corp 0.00% of their portfolio | 500 $735 | Unchanged |
| Buck Wealth Strategies, LLC 0.00% of their portfolio | 450 $662 | New |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 428 $629 | Reduced -418 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 420 $617 | Reduced -7.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 407 $598 | Unchanged |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 58 $85 | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 45 $0 | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 22 $32 | Added +5 |
| CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio | 5 $7 | Unchanged |
| Parallel Advisors, LLC 0.00% of their portfolio | 2 $3 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |