Vault-13

MEREO BIOPHARMA GROUP PLC MREO

SPON ADS · ADR · CUSIP 589492107 · ISIN US5894921072

61 institutional holders -2 vs Q1 2026
56,614,76656.6m shares reported held*
$18.0mreported value*
14 new 13 added 12 reduced 17 sold out net sold ≈ $6.0m (-18.8m 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 ≈ $0.32. Options: 5 managers hold calls ($286.6k notional), 4 hold puts ($31.0k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 63Q4 22: 61Q1 23: 59Q2 23: 54Q3 23: 57Q4 23: 65Q1 24: 81Q2 24: 80Q3 24: 78Q4 24: 92Q1 25: 91Q2 25: 87Q3 25: 84Q4 25: 70Q1 26: 63Q2 26: 6161Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202263
Q4 202261
Q1 202359
Q2 202354
Q3 202357
Q4 202365
Q1 202481
Q2 202480
Q3 202478
Q4 202492
Q1 202591
Q2 202587
Q3 202584
Q4 202570
Q1 202663
Q2 202661

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 30 bought or addedQ3 24: 34 cut or sold outQ4 24: 35 bought or addedQ4 24: 34 cut or sold outQ4 24Q1 25: 40 bought or addedQ1 25: 35 cut or sold outQ2 25: 42 bought or addedQ2 25: 35 cut or sold outQ2 25Q3 25: 36 bought or addedQ3 25: 38 cut or sold outQ4 25: 35 bought or addedQ4 25: 55 cut or sold outQ4 25Q1 26: 29 bought or addedQ1 26: 38 cut or sold outQ2 26: 27 bought or addedQ2 26: 29 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20243034
Q4 20243534
Q1 20254035
Q2 20254235
Q3 20253638
Q4 20253555
Q1 20262938
Q2 20262729

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 25 calls: $5.8mQ3 25 puts: $410.4kQ3 25P/C 0.07Q4 25 calls: $1.7mQ4 25 puts: $902.2kQ4 25P/C 0.54Q1 26 calls: $314.9kQ1 26 puts: $212.2kQ1 26P/C 0.67Q2 26 calls: $286.6kQ2 26 puts: $31.0kQ2 26P/C 0.11
Numbers
QuarterCallsPutsP/C
Q3 2025$5.8m$410.4k0.07
Q4 2025$1.7m$902.2k0.54
Q1 2026$314.9k$212.2k0.67
Q2 2026$286.6k$31.0k0.11

Biggest buyers

TWO SIGMA INVESTMENTS, LP Added +1,131,402+1.1m
Ishara Investments LP New +768,750+768.8k
JANE STREET GROUP, LLC Added +634,971+635.0k
CITADEL ADVISORS LLC New +444,158+444.2k
NOMURA HOLDINGS INC New +104,361+104.4k
James J. Burns & Company, LLC New +95,400+95.4k
Quarry LP New +93,750+93.8k
XTX Topco Ltd Added +90,012+90.0k
GOLDMAN SACHS GROUP INC New +85,180+85.2k
JMN Financial LLC New +76,748+76.7k

Biggest sellers

EcoR1 Capital, LLC Reduced -12,368,855-12.4m
Newtyn Management, LLC Reduced -4,079,056-4.1m
MILLENNIUM MANAGEMENT LLC Sold out -3,559,103-3.6m
MARSHALL WACE, LLP Reduced -507,103-507.1k
Knott David M Jr Sold out -300,337-300.3k
BlackRock, Inc. Reduced -233,313-233.3k
683 Capital Management, LLC Reduced -222,144-222.1k
ACADIAN ASSET MANAGEMENT LLC Sold out -209,084-209.1k
GROUP ONE TRADING LLC Reduced -168,312-168.3k
ADAR1 Capital Management, LLC Sold out -150,000-150.0k

Biggest calls

CITADEL ADVISORS LLC Added $160.4k504.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $55.5k173.5k shares
SIMPLEX TRADING, LLC Reduced $46.5k146.2k shares
GROUP ONE TRADING LLC Reduced $20.4k64.3k shares
JANE STREET GROUP, LLC Reduced $3.7k11.8k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $16.2k51.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $14.7k46.0k shares
GROUP ONE TRADING LLC Reduced $32100 shares
SIMPLEX TRADING, LLC Reduced $31100 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
683 Capital Management, LLC 13G · passive investor new · filed 2026-01-06 8.2% new 65.1m 2026-01-06
ADAGE CAPITAL PARTNERS GP, L.L.C. 13G · institution filed 2025-02-12 5.6% 43.6m 2025-02-12

Fell to 5% or below in the last year: BANK OF AMERICA CORP /DE/ (3.4%, 2026-10-28), EcoR1 Capital, LLC (6.0%, 2026-08-14), JANUS HENDERSON GROUP PLC (0.0%, 2026-02-17), Northpond Ventures, LP (0.0%, 2026-02-17), Frazier Life Sciences Public Fund, L.P. (0.0%, 2026-02-13), MANGROVE PARTNERS IM, LLC (4.9%, 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 Rubric Capital Management LP 0.04% of their portfolio NEW YORK, NY 15,307,34715.3m $4.9m $4.9m 0.04% Unchanged
2 683 Capital Management, LLC 0.34% of their portfolio NEW YORK, NY 11,777,85611.8m $3.7m $3.7m 0.34% Reduced -222.1k -222,144
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,195,2818.2m $2.6m $2.6m 0.00% Reduced -6 -6
4 Defilade Capital Management, L.P. 0.32% of their portfolio EMERYVILLE, CA 7,558,7567.6m $2.4m $2.4m 0.32% Unchanged
5 Newtyn Management, LLC 0.12% of their portfolio NEW YORK, NY 3,000,0003.0m $953.1k $953.1k 0.12% Reduced -4.1m -4,079,056
6 Tejara Capital Ltd 0.27% of their portfolio London, X0 2,037,5202.0m $647.3k $647.3k 0.27% Unchanged
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,447,6271.4m $460.3k $460.3k 0.00% Reduced -42.5k -42,501
8 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 1,319,2411.3m $419.1k $419.1k 0.00% Added +1.1m +1,131,402
9 EcoR1 Capital, LLC 0.02% of their portfolio San Francisco, CA 1,000,0001.0m $317.7k $317.7k 0.02% Reduced -12.4m -12,368,855
10 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 774,944774.9k $246.2k $246.2k 0.00% Added +635.0k +634,971
11 Ishara Investments LP 0.18% of their portfolio LOS ANGELES, CA 768,750768.8k $244.2k $244.2k 0.18% New
12 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 765,000765.0k $243.0k $243.0k 0.00% Reduced -31.0k -31,036
13 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 444,158444.2k $141.1k $141.1k 0.00% New
14 Rangeley Capital, LLC 0.10% of their portfolio NEW CANAAN, CT 329,200329.2k $104.6k $104.6k 0.10% Unchanged
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 213,270213.3k $67.8k $67.8k 0.00% Added +17.4k +17,350
16 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 179,884179.9k $57.6k $57.6k 0.00% Reduced -507.1k -507,103
17 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 174,481174.5k $55.4k $55.4k 0.00% Added +90.0k +90,012
18 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 167,515167.5k $53.2k $53.2k 0.00% Reduced -168.3k -168,312
19 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 134,772134.8k $42.8k $42.8k 0.00% Added +1.4k +1,393
20 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 104,361104.4k $33.2k $33.2k 0.00% New
21 James J. Burns & Company, LLC 0.00% of their portfolio MELVILLE, NY 95,40095.4k $30.3k $30.3k 0.00% New
22 Quarry LP 0.00% of their portfolio NEW YORK, NY 93,75093.8k $29.8k $29.8k 0.00% New
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 85,18085.2k $27.1k $27.1k 0.00% New
24 JMN Financial LLC 0.02% of their portfolio NEW ALBANY, OH 76,74876.7k $24.4k $24.4k 0.02% New
25 BlackRock, Inc. 0.00% of their portfolio New York, NY 69,67869.7k $22.1k $22.1k 0.00% Reduced -233.3k -233,313
26 Virtu Financial LLC 0.00% of their portfolio New York, NY 61,28561.3k $19.0k $19.0k 0.00% Added +24.8k +24,827
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 58,53158.5k $19.4k $19.4k 0.00% Added +36.7k +36,683
28 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 52,10052.1k $16.6k $16.6k 0.00% Added +3.7k +3,700
29 Significant Wealth Partners LLC 0.01% of their portfolio CARY, IL 32,67732.7k $10.4k $10.4k 0.01% Added +7.0k +7,043
30 Clear Harbor Asset Management, LLC 0.00% of their portfolio Stamford, CT 32,00032.0k $10.1k $10.1k 0.00% Reduced -3.0k -3,000
31 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 26,78426.8k $8.5k $8.5k 0.00% Added +7.2k +7,212
32 Centiva Capital, LP 0.00% of their portfolio New York, NY 25,00025.0k $7.9k $7.9k 0.00% Unchanged
33 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 23,95324.0k $7.6k $7.6k 0.00% Reduced -1 -1
34 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 18,78018.8k $6.0k $6.0k 0.00% New
35 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 18,75018.8k $6.0k $6.0k 0.00% Unchanged
36 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 18,30018.3k $5.8k $5.8k 0.00% Unchanged
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 16,73116.7k $5.3k $5.3k 0.00% Added +306 +306
38 IHT Wealth Management, LLC 0.00% of their portfolio Chicago, IL 15,00015.0k $4.8k $4.8k 0.00% Unchanged
39 TWO SIGMA SECURITIES, LLC 0.00% of their portfolio NEW YORK, NY 12,90012.9k $4.1k $4.1k 0.00% New
40 J. Safra Sarasin Holding AG 0.00% of their portfolio BASEL, V8 12,84112.8k $4.1k $4.1k 0.00% New
41 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 12,80212.8k $4.0k $4.0k 0.00% New
42 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 12,20012.2k $3.9k $3.9k 0.00% Unchanged
43 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 10,00010.0k $3.3k $3.3k 0.00% Unchanged
44 Astoria Portfolio Advisors LLC. 0.00% of their portfolio NEW YORK, NY 10,00010.0k $3.2k $3.2k 0.00% Unchanged
45 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 9,3089.3k $3.0k $3.0k 0.00% Reduced -10.0k -9,966
46 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 5,8195.8k $1.8k $1.8k 0.00% Added +1.8k +1,819
47 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 2,0002.0k $635 $635 0.00% Unchanged
48 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,5001.5k $477 $477 0.00% Unchanged
49 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,5001.5k $479 $479 0.00% Unchanged
50 Markowski Investments 0.00% of their portfolio TAMPA, FL 1,5001.5k $477 $477 0.00% First filing
51 SIT INVESTMENT ASSOCIATES INC 0.00% of their portfolio Minneapolis, MN 970970 $0 $0 0.00% Unchanged
52 New England Capital Financial Advisors LLC 0.00% of their portfolio MERIDEN, CT 300300 $96 $96 0.00% Unchanged
53 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 231231 $73 $73 0.00% Added +1 +1
54 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 114114 $36 $36 0.00% Unchanged
55 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 100100 $32 $32 0.00% Unchanged
56 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 5252 $17 $17 0.00% New
57 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1313 $4 $4 0.00% Unchanged
58 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 33 $1 $1 0.00% Unchanged
59 Axiom Investment Management LLC 0.00% of their portfolio NEW YORK, NY 11 $0 $0 0.00% Unchanged
60 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 11 $0 $0 0.00% New
61 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 11 $0 $0 0.00% New