Vault-13

INOVIO PHARMACEUTICALS INC INO

COM SHS · Common Stock · CUSIP 45773H409

American biotechnology company

103 institutional holders +4 vs Q1 2026
32,810,00832.8m shares reported held*
31.7% of all shares outstanding*
$36.1mreported value*
21 new 27 added 16 reduced 17 sold out net sold ≈ $459.6k (-417.5k 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. Holder counts are more reliable. Shares outstanding: 103.4m as of 2026-08-10, 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 ≈ $1.10. Options: 11 managers hold calls ($4.5m notional), 3 hold puts ($176.0k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q4 23: 7Q1 24: 88Q2 24: 97Q3 24: 99Q4 24: 106Q1 25: 109Q2 25: 104Q3 25: 99Q4 25: 101Q1 26: 99Q2 26: 103103Q4 23Q2 24Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 20237
Q1 202488
Q2 202497
Q3 202499
Q4 2024106
Q1 2025109
Q2 2025104
Q3 202599
Q4 2025101
Q1 202699
Q2 2026103

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 45 bought or addedQ3 24: 36 cut or sold outQ4 24: 52 bought or addedQ4 24: 34 cut or sold outQ4 24Q1 25: 49 bought or addedQ1 25: 39 cut or sold outQ2 25: 46 bought or addedQ2 25: 56 cut or sold outQ2 25Q3 25: 45 bought or addedQ3 25: 56 cut or sold outQ4 25: 42 bought or addedQ4 25: 40 cut or sold outQ4 25Q1 26: 31 bought or addedQ1 26: 38 cut or sold outQ2 26: 48 bought or addedQ2 26: 33 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20244536
Q4 20245234
Q1 20254939
Q2 20254656
Q3 20254556
Q4 20254240
Q1 20263138
Q2 20264833

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 25 calls: $2.5mQ3 25 puts: $110.9kQ3 25P/C 0.04Q4 25 calls: $2.0mQ4 25 puts: $159.7kQ4 25P/C 0.08Q1 26 calls: $1.1mQ1 26 puts: $468.8kQ1 26P/C 0.42Q2 26 calls: $4.5mQ2 26 puts: $176.0kQ2 26P/C 0.04
Numbers
QuarterCallsPutsP/C
Q3 2025$2.5m$110.9k0.04
Q4 2025$2.0m$159.7k0.08
Q1 2026$1.1m$468.8k0.42
Q2 2026$4.5m$176.0k0.04

Biggest buyers

TWO SIGMA INVESTMENTS, LP Added +849,394+849.4k
VANGUARD CAPITAL MANAGEMENT LLC Added +749,354+749.4k
ADAR1 Capital Management, LLC Added +673,802+673.8k
Caption Management, LLC New +478,950+478.9k
Boxer Capital Management, LLC Added +474,872+474.9k
Quadrature Capital Ltd New +258,928+258.9k
NOMURA HOLDINGS INC New +150,000+150.0k
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main New +133,648+133.6k
HRT FINANCIAL LP Added +127,515+127.5k
BlackRock, Inc. Added +116,876+116.9k

Biggest sellers

FMR LLC Reduced -884,817-884.8k
D. E. Shaw & Co., Inc. Reduced -861,163-861.2k
ADAGE CAPITAL PARTNERS GP, L.L.C. Sold out -804,958-805.0k
MILLENNIUM MANAGEMENT LLC Reduced -614,738-614.7k
DIADEMA PARTNERS LP Sold out -562,665-562.7k
RENAISSANCE TECHNOLOGIES LLC Reduced -282,438-282.4k
683 Capital Management, LLC Sold out -248,790-248.8k
Persistent Asset Partners Ltd Reduced -142,164-142.2k
NORTHERN TRUST CORP Reduced -124,476-124.5k
XTX Topco Ltd Reduced -106,844-106.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.7m1.5m shares
SIMPLEX TRADING, LLC Added $518.5k471.4k shares
GROUP ONE TRADING LLC Added $509.5k463.2k shares
Caption Management, LLC New $440.0k400.0k shares
CITADEL ADVISORS LLC Added $351.4k319.5k shares
TUDOR INVESTMENT CORP ET AL New $330.0k300.0k shares
DIADEMA PARTNERS LP Added $302.7k275.2k shares
IMC-Chicago, LLC New $234.2k212.9k shares
HRT FINANCIAL LP New $82.0k75.0k shares
JANE STREET GROUP, LLC Added $71.9k65.4k shares

Biggest puts

CITADEL ADVISORS LLC Added $92.6k84.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $63.7k57.9k shares
IMC-Chicago, LLC Added $19.7k17.9k 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.

HolderStakeChangeShares Last filed
FMR LLC 13G · institution -3.2 pts · filed 2026-08-06 10.3% -3.2 pts 8.5m≈ $9.3m 2026-08-06
JANUS HENDERSON GROUP PLC 13G · institution +3.8 pts · filed 2025-12-08 10.0% +3.8 pts 6.7m≈ $7.3m 2025-12-08
RA CAPITAL MANAGEMENT, L.P. 13G · passive investor new · filed 2026-08-07 9.9% new 10.7m≈ $11.7m 2026-08-07
HIGHBRIDGE CAPITAL MANAGEMENT LLC 13G · institution -1.0 pts · filed 2026-05-15 8.2% -1.0 pts 6.2m≈ $6.8m 2026-05-15
Alyeska Investment Group, L.P. 13G · institution -1.5 pts · filed 2026-02-17 6.0% -1.5 pts 4.0m≈ $4.4m 2026-02-17
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 5.0% new 4.2m≈ $4.6m 2026-07-31

Fell to 5% or below in the last year: Adage Capital Management, L.P. (4.0%, 2026-08-12), VANGUARD GROUP INC (5.0%, 2026-01-30; now reported by VANGUARD CAPITAL MANAGEMENT LLC), Deep Track Capital, LP (2.4%, 2025-11-14)

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.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.00% of their portfolio BOSTON, MA 8,454,7978.5m $9.3m $9.3m 0.00% Reduced -884.8k -884,817
2 Jupiter Topco LLC 0.00% of their portfolio NEW YORK, NY 5,171,0535.2m $5.7m $5.7m 0.00% First filing
3 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 3,650,5623.7m $4.0m $4.0m 0.00% Added +749.4k +749,354
4 Boxer Capital Management, LLC 0.24% of their portfolio San Diego, CA 2,844,9942.8m $3.1m $3.1m 0.24% Added +474.9k +474,872
5 ADAR1 Capital Management, LLC 0.11% of their portfolio AUSTIN, TX 2,143,9102.1m $2.4m $2.4m 0.11% Added +673.8k +673,802
6 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 1,351,6561.4m $1.5m $1.5m 0.00% Reduced -861.2k -861,163
7 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 1,239,7781.2m $1.4m $1.4m 0.00% Added +849.4k +849,394
8 Eversept Partners, LP 0.06% of their portfolio NEW YORK, NY 1,035,3601.0m $1.1m $1.1m 0.06% Unchanged
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 802,751802.8k $883.7k $883.7k 0.00% Added +1.2k +1,247
10 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 796,107796.1k $875.7k $875.7k 0.00% Reduced -614.7k -614,738
11 BlackRock, Inc. 0.00% of their portfolio New York, NY 779,057779.1k $857.0k $857.0k 0.00% Added +116.9k +116,876
12 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 480,769480.8k $528.8k $528.8k 0.00% Added +88.7k +88,703
13 Caption Management, LLC 0.02% of their portfolio OKLAHOMA CITY, OK 478,950478.9k $526.8k $526.8k 0.02% New
14 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 361,339361.3k $397.5k $397.5k 0.00% Reduced -282.4k -282,438
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 336,610336.6k $370.3k $370.3k 0.00% Added +40.3k +40,300
16 GSA CAPITAL PARTNERS LLP 0.02% of their portfolio LONDON, X0 265,011265.0k $292.0k $292.0k 0.02% Reduced -64 -64
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 262,320262.3k $288.6k $288.6k 0.00% Added +12.7k +12,670
18 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 258,928258.9k $284.8k $284.8k 0.00% New
19 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 241,775241.8k $266.0k $266.0k 0.00% Reduced -44.6k -44,577
20 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 174,394174.4k $191.8k $191.8k 0.00% Reduced -124.5k -124,476
21 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio HOUSTON, TX 173,000173.0k $190.3k $190.3k 0.00% Unchanged
22 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 150,000150.0k $165.0k $165.0k 0.00% New
23 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 140,432140.4k $154.0k $154.0k 0.00% Added +127.5k +127,515
24 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 133,648133.6k $147.0k $147.0k 0.00% New
25 GMT Capital Corp 0.01% of their portfolio ATLANTA, GA 126,119126.1k $138.7k $138.7k 0.01% Unchanged
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 124,525124.5k $137.0k $137.0k 0.00% Added +93.8k +93,834
27 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 105,833105.8k $116.4k $116.4k 0.00% Reduced -106.8k -106,844
28 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 93,72093.7k $103.1k $103.1k 0.00% Added +49.0k +48,996
29 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 80,33880.3k $88.4k $88.4k 0.00% New
30 Green Alpha Advisors, LLC 0.05% of their portfolio NIWOT, CO 68,05568.1k $74.9k $74.9k 0.05% Added +2.5k +2,475
31 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 50,25650.3k $55.3k $55.3k 0.00% Reduced -13.6k -13,608
32 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 42,28642.3k $46.5k $46.5k 0.00% Added +25.7k +25,743
33 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 36,39136.4k $40.0k $40.0k 0.00% Added +11.6k +11,554
34 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 33,69133.7k $37.1k $37.1k 0.00% New
35 Greenwich Wealth Management LLC 0.00% of their portfolio GREENWICH, CT 31,99932.0k $35.0k $35.0k 0.00% Added +7.1k +7,100
36 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 30,23530.2k $33.3k $33.3k 0.00% Unchanged
37 Headlands Technologies LLC 0.00% of their portfolio CHICAGO, IL 29,88929.9k $32.9k $32.9k 0.00% New
38 ZACKS INVESTMENT MANAGEMENT 0.00% of their portfolio Chicago, IL 26,43526.4k $29.1k $29.1k 0.00% New
39 Prime Capital Investment Advisors, LLC 0.00% of their portfolio OVERLAND PARK, KS 17,12617.1k $18.8k $18.8k 0.00% Unchanged
40 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 17,11417.1k $18.8k $18.8k 0.00% Reduced -1.5k -1,462
41 TWO SIGMA SECURITIES, LLC 0.00% of their portfolio NEW YORK, NY 15,95816.0k $17.6k $17.6k 0.00% New
42 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 15,50015.5k $17.1k $17.1k 0.00% Unchanged
43 StoneX Group Inc. 0.00% of their portfolio NEW YORK, NY 14,25214.3k $18.1k $18.1k 0.00% New
44 AXQ CAPITAL, LP 0.00% of their portfolio JERSEY CITY, NJ 13,86313.9k $15.2k $15.2k 0.00% New
45 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 13,30113.3k $14.6k $14.6k 0.00% Reduced -42.2k -42,190
46 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,73012.7k $14.0k $14.0k 0.00% Added +831 +831
47 Mayflower Financial Advisors, LLC 0.00% of their portfolio BOSTON, MA 12,55912.6k $13.8k $13.8k 0.00% Unchanged
48 MCF Advisors LLC 0.00% of their portfolio LEXINGTON, KY 11,27411.3k $12.4k $12.4k 0.00% Unchanged
49 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.00% of their portfolio LOS ANGELES, CA 11,02811.0k $12.1k $12.1k 0.00% Unchanged
50 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 10,02210.0k $11.0k $11.0k 0.00% Added +10.0k +10,006
51 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 6,8146.8k $7.5k $7.5k 0.00% Added +1.4k +1,411
52 Covestor Ltd 0.00% of their portfolio LONDON, X0 5,1205.1k $6.0k $6.0k 0.00% Unchanged
53 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,2524.3k $4.0k $4.0k 0.00% Added +470 +470
54 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3,4873.5k $3.8k $3.8k 0.00% Added +3.0k +2,981
55 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,2603.3k $3.6k $3.6k 0.00% Added +391 +391
56 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 2,3832.4k $2.8k $2.8k 0.00% Added +2.3k +2,342
57 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 2,1032.1k $2.3k $2.3k 0.00% Added +66 +66
58 Activest Wealth Management 0.00% of their portfolio AVENTURA, FL 1,5001.5k $1.6k $1.6k 0.00% Unchanged
59 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,3811.4k $1.5k $1.5k 0.00% Reduced -186 -186
60 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 1,3251.3k $1.5k $1.5k 0.00% New
61 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 933933 $1.0k $1.0k 0.00% Reduced -105 -105
62 IFG Advisory, LLC 0.00% of their portfolio ATLANTA, GA 833833 $917 $917 0.00% New
63 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 641641 $705 $705 0.00% Added +500 +500
64 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 529529 $584 $584 0.00% New
65 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 359359 $394 $394 0.00% Unchanged
66 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 352352 $387 $387 0.00% Unchanged
67 MJT & Associates Financial Advisory Group, Inc. 0.00% of their portfolio MONTEVIDEO, MN 325325 $358 $358 0.00% Unchanged
68 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 300300 $330 $330 0.00% Unchanged
69 Pioneer Family Office, LLC 0.00% of their portfolio NORTH MIAMI BEACH, FL 291291 $320 $320 0.00% Unchanged
70 VSM Wealth Advisory, LLC 0.00% of their portfolio HUNT VALLEY, MD 250250 $275 $275 0.00% Unchanged
71 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 240240 $264 $264 0.00% Unchanged
72 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 237237 $261 $261 0.00% Added +98 +98
73 Aberdeen Wealth Management LLC 0.00% of their portfolio LAKE BLUFF, IL 200200 $220 $220 0.00% New
74 Decker Retirement Planning Inc. 0.00% of their portfolio LEVI, UT 168168 $185 $185 0.00% New
75 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 111111 $122 $122 0.00% Added +75 +75
76 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 103103 $113 $113 0.00% New
77 Blume Capital Management, Inc. 0.00% of their portfolio BERKELEY, CA 8383 $92 $92 0.00% Unchanged
78 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 8383 $93 $93 0.00% Unchanged
79 PITTENGER & ANDERSON INC 0.00% of their portfolio LINCOLN, NE 7777 $85 $85 0.00% Unchanged
80 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 6464 $70 $70 0.00% Unchanged
81 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 5858 $64 $64 0.00% Reduced -41 -41
82 MCDONALD PARTNERS LLC 0.00% of their portfolio CLEVELAND, OH 5858 $64 $64 0.00% New
83 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 4747 $52 $52 0.00% Unchanged
84 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4646 $52 $52 0.00% Reduced -5.4k -5,439
85 1 NORTH WEALTH SERVICES LLC 0.00% of their portfolio ANNAPOLIS, MD 4141 $45 $45 0.00% Unchanged
86 Pinnacle Wealth Planning Services, Inc. 0.00% of their portfolio MANSFIELD, OH 4141 $45 $45 0.00% Unchanged
87 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 3636 $43 $43 0.00% Unchanged
88 Allied Private Wealth LLC 0.00% of their portfolio BOCA RATON, FL 3333 $39 $39 0.00% First filing
89 VALLEY NATIONAL ADVISERS INC 0.00% of their portfolio BETHLEHEM, PA 2424 $27 $27 0.00% New
90 ATWOOD & PALMER INC 0.00% of their portfolio KANSAS CITY, MO 1818 $20 $20 0.00% Unchanged
91 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1616 $18 $18 0.00% Unchanged
92 Strategic Wealth Partners, Ltd. 0.00% of their portfolio INDEPENDENCE, OH 1414 $15 $15 0.00% Unchanged
93 Key Financial Inc 0.00% of their portfolio WEST CHESTER, PA 1414 $15 $15 0.00% Unchanged
94 THOMPSON INVESTMENT MANAGEMENT, INC. 0.00% of their portfolio MADISON, WI 1313 $14 $14 0.00% Unchanged
95 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 1010 $11 $11 0.00% Unchanged
96 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 88 $0 $0 0.00% Unchanged
97 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 88 $9 $9 0.00% New
98 North Star Investment Management Corp. 0.00% of their portfolio CHICAGO, IL 77 $8 $8 0.00% Unchanged
99 ALBION FINANCIAL GROUP /UT 0.00% of their portfolio SALT LAKE CITY, UT 55 $6 $6 0.00% Unchanged
100 Silver Grove Financial Group, Inc. 0.00% of their portfolio ORCHARD PARK, NY 55 $6 $6 0.00% Unchanged