Vault-13

RANI THERAPEUTICS HLDGS INC RANI

COM CL A · Common Stock · CUSIP 753018100

67 institutional holders -8 vs Q1 2026
45,546,99245.5m shares reported held*
$34.6mreported value*
11 new 14 added 14 reduced 17 sold out net bought ≈ $5.0m (+6.6m 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. Implied quarter-end price ≈ $0.76. Options: 4 managers hold calls ($23.6k notional), 2 hold puts ($16.4k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 33Q4 22: 35Q1 23: 37Q2 23: 36Q3 23: 35Q4 23: 35Q1 24: 38Q2 24: 36Q3 24: 32Q4 24: 44Q1 25: 39Q2 25: 40Q3 25: 38Q4 25: 64Q1 26: 75Q2 26: 6767Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202233
Q4 202235
Q1 202337
Q2 202336
Q3 202335
Q4 202335
Q1 202438
Q2 202436
Q3 202432
Q4 202444
Q1 202539
Q2 202540
Q3 202538
Q4 202564
Q1 202675
Q2 202667

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 12 bought or addedQ3 24: 12 cut or sold outQ4 24: 19 bought or addedQ4 24: 11 cut or sold outQ4 24Q1 25: 14 bought or addedQ1 25: 13 cut or sold outQ2 25: 11 bought or addedQ2 25: 13 cut or sold outQ2 25Q3 25: 15 bought or addedQ3 25: 14 cut or sold outQ4 25: 51 bought or addedQ4 25: 9 cut or sold outQ4 25Q1 26: 32 bought or addedQ1 26: 22 cut or sold outQ2 26: 25 bought or addedQ2 26: 31 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241212
Q4 20241911
Q1 20251413
Q2 20251113
Q3 20251514
Q4 2025519
Q1 20263222
Q2 20262531

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 25 calls: $8.3kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $12.7mQ4 25 puts: $292.8kQ4 25P/C 0.02Q1 26 calls: $3.5mQ1 26 puts: $34.5kQ1 26P/C 0.01Q2 26 calls: $23.6kQ2 26 puts: $16.4kQ2 26P/C 0.69
Numbers
QuarterCallsPutsP/C
Q3 2025$8.3k$00.00
Q4 2025$12.7m$292.8k0.02
Q1 2026$3.5m$34.5k0.01
Q2 2026$23.6k$16.4k0.69

Biggest buyers

Polar Asset Management Partners Inc. New +2,318,542+2.3m
SAMSARA BIOCAPITAL, LLC Added +1,869,159+1.9m
AWM Investment Company, Inc. Added +1,000,000+1.0m
HEIGHTS CAPITAL MANAGEMENT, INC New +934,580+934.6k
CITADEL ADVISORS LLC New +641,995+642.0k
MARSHALL WACE, LLP New +586,265+586.3k
RENAISSANCE TECHNOLOGIES LLC New +430,737+430.7k
JANE STREET GROUP, LLC Added +320,300+320.3k
GSA CAPITAL PARTNERS LLP Added +152,718+152.7k
UBS Group AG Added +70,047+70.0k

Biggest sellers

683 Capital Management, LLC Sold out -487,168-487.2k
MILLENNIUM MANAGEMENT LLC Sold out -405,669-405.7k
BlackRock, Inc. Reduced -214,776-214.8k
Hudson Bay Capital Management LP Sold out -153,331-153.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -130,432-130.4k
OMERS ADMINISTRATION Corp Sold out -76,500-76.5k
VANGUARD CAPITAL MANAGEMENT LLC Reduced -59,582-59.6k
FARALLON CAPITAL MANAGEMENT, L.L.C. Reduced -57,300-57.3k
Qube Research & Technologies Ltd Sold out -47,508-47.5k
NINE MASTS CAPITAL Ltd Sold out -44,849-44.8k

Biggest calls

CITADEL ADVISORS LLC Reduced $12.0k15.8k shares
JANE STREET GROUP, LLC Reduced $8.7k11.5k shares
SIMPLEX TRADING, LLC Reduced $2.6k3.4k shares
GROUP ONE TRADING LLC Reduced $304400 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $16.3k21.4k shares
GROUP ONE TRADING LLC Unchanged $152200 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
InCube Labs, L.L.C. 13D · may seek influence filed 2025-10-27
Stated purposeThe information set forth in Item 1 and Item 3 of this Amendment No. 1 is incorporate herein by reference. Item 4 of the Statement is hereby amended and supplemented as follows: In connection with a private placement, as promptly as possible following the closing, but in no event later than ninety (90) days following the closing date, the Issuer has agreed to use reasonable best efforts to: (a) amend the Issuer's Amended and Restated Certificate of Incorporation to, among other things, effect the following: (i) reduce the number of votes to which each share of Class B Common Stock is entitled from ten (10) votes to one (1) vote, (ii) eliminate the ability of the Issuer's stockholders to act by written consent, and (iii) include additional stockholder protective provisions (not including … Full filing
22.1% 27.1m≈ $20.6m 2025-10-27
Invus Global Management, LLC 13G · passive investor new · filed 2025-10-23 10.0% new 9.8m≈ $7.5m 2025-10-23
ARMISTICE CAPITAL, LLC 13G · institution filed 2025-08-15 9.9% 6.3m≈ $4.8m 2025-08-15
RA CAPITAL MANAGEMENT, L.P. 13G · passive investor no change · filed 2026-08-14 9.9% no change 11.5m≈ $8.8m 2026-08-14
Samsara BioCapital, L.P. 13D · may seek influence no change · filed 2026-05-28 9.9% no change 11.3m≈ $8.6m 2026-05-28
AWM Investment Company, Inc. 13G · institution new · filed 2026-02-13 9.9% new 9.7m≈ $7.4m 2026-02-13

Fell to 5% or below in the last year: VANGUARD CAPITAL MANAGEMENT LLC (4.5%, 2026-07-31), SymBiosis Capital Partners, LLC (4.4%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-27)

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.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
202Q4 24: 2 buyingQ4 24: 1 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 1 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 1 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 2 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20242$50.0k1$11.3k—
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20251$1.3m0——
Q1 20260—1$301—
Q2 20260—0——
Q3 20262$50.0k0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-07-21 IMRAN MIR A Director Bought 36,000 $0.69 $24.8k36.0k shares +2%
2026-07-17 Imran Talat Chief Executive Officer, director Bought 35,000 $0.72 $25.2k35.0k shares +8%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SAMSARA BIOCAPITAL, LLC 0.65% of their portfolio PALO ALTO, CA 10,369,15910.4m $7.9m $7.9m 0.65% Added +1.9m +1,869,159
2 RA CAPITAL MANAGEMENT, L.P. 0.06% of their portfolio BOSTON, MA 8,500,0008.5m $6.5m $6.5m 0.06% Unchanged
3 AWM Investment Company, Inc. 0.49% of their portfolio NEW YORK, NY 7,500,0007.5m $5.7m $5.7m 0.49% Added +1.0m +1,000,000
4 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 4,562,9854.6m $3.5m $3.5m 0.00% Reduced -59.6k -59,582
5 Longaeva Partners L.P. 0.05% of their portfolio Chicago, IL 2,329,4592.3m $1.8m $1.8m 0.05% Unchanged
6 Polar Asset Management Partners Inc. 0.03% of their portfolio TORONTO, A6 2,318,5422.3m $1.8m $1.8m 0.03% New
7 Siren, L.L.C. 0.03% of their portfolio New York, NY 2,000,0002.0m $1.5m $1.5m 0.03% Unchanged
8 HEIGHTS CAPITAL MANAGEMENT, INC 0.16% of their portfolio SAN FRANCISCO, CA 934,580934.6k $710.7k $710.7k 0.16% New
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 890,618890.6k $677.6k $677.6k 0.00% Reduced -12.7k -12,680
10 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 641,995642.0k $488.2k $488.2k 0.00% New
11 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 586,265586.3k $445.6k $445.6k 0.00% New
12 Nan Fung Group Holdings Ltd 0.29% of their portfolio KAI TAK, K3 493,584493.6k $375.3k $375.3k 0.29% Unchanged
13 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 485,899485.9k $369.5k $369.5k 0.00% Added +320.3k +320,300
14 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 458,126458.1k $348.2k $348.2k 0.00% Added +3.1k +3,076
15 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 430,737430.7k $327.5k $327.5k 0.00% New
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 373,142373.1k $283.7k $283.7k 0.00% Unchanged
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 342,113342.1k $260.1k $260.1k 0.00% Reduced -214.8k -214,776
18 UNITED SERVICES AUTOMOBILE ASSOCIATION 0.02% of their portfolio SAN ANTONIO, TX 302,743302.7k $230.2k $230.2k 0.02% Unchanged
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 297,270297.3k $225.9k $225.9k 0.00% Added +70.0k +70,047
20 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 282,340282.3k $214.7k $214.7k 0.00% Added +17.2k +17,181
21 GSA CAPITAL PARTNERS LLP 0.01% of their portfolio LONDON, X0 249,716249.7k $190.0k $190.0k 0.01% Added +152.7k +152,718
22 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 170,471170.5k $129.6k $129.6k 0.00% Unchanged
23 CWA Asset Management Group, LLC 0.00% of their portfolio NAPLES, FL 150,000150.0k $114.1k $114.1k 0.00% Unchanged
24 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio HOUSTON, TX 114,500114.5k $87.1k $87.1k 0.00% Unchanged
25 KING LUTHER CAPITAL MANAGEMENT CORP 0.00% of their portfolio FORT WORTH, TX 58,00058.0k $44.1k $44.1k 0.00% Unchanged
26 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 57,79057.8k $43.9k $43.9k 0.00% Reduced -130.4k -130,432
27 Well Done, LLC 0.01% of their portfolio HOLLAND, MI 52,01452.0k $39.6k $39.6k 0.01% Unchanged
28 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 49,20049.2k $37.0k $37.0k 0.00% Unchanged
29 MOTCO 0.00% of their portfolio SAN ANTONIO, TX 48,12948.1k $36.6k $36.6k 0.00% Unchanged
30 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 41,90241.9k $31.9k $31.9k 0.00% Added +25.5k +25,501
31 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 31,75131.8k $24.1k $24.1k 0.00% Unchanged
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 30,48630.5k $23.2k $23.2k 0.00% Added +6.1k +6,116
33 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 29,74329.7k $22.6k $22.6k 0.00% Added +17.4k +17,425
34 Lafayette Investments, Inc. 0.00% of their portfolio ASHTON, MD 22,97923.0k $17.5k $17.5k 0.00% Unchanged
35 TRAPHAGEN INVESTMENT ADVISORS LLC 0.00% of their portfolio ORADELL, NJ 22,02422.0k $16.7k $16.7k 0.00% Unchanged
36 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.00% of their portfolio SAN FRANCISCO, CA 20,70020.7k $15.7k $15.7k 0.00% Reduced -57.3k -57,300
37 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 19,09019.1k $14.5k $14.5k 0.00% Unchanged
38 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 19,05119.1k $14.5k $14.5k 0.00% Added +8.5k +8,549
39 China Universal Asset Management Co., Ltd. 0.00% of their portfolio SHANGHAI, F4 17,88717.9k $13.6k $13.6k 0.00% Added +576 +576
40 J. Safra Sarasin Holding AG 0.00% of their portfolio BASEL, V8 17,00017.0k $12.9k $12.9k 0.00% New
41 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 16,95917.0k $12.9k $12.9k 0.00% New
42 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 15,50915.5k $11.8k $11.8k 0.00% Added +1.2k +1,159
43 ACT Advisors, LLC. 0.00% of their portfolio ASHEVILLE, NC 14,80614.8k $11.3k $11.3k 0.00% Unchanged
44 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 13,87913.9k $10.6k $10.6k 0.00% Unchanged
45 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 13,80013.8k $10.5k $10.5k 0.00% Unchanged
46 CLEAR WAVE WEALTH MANAGEMENT LLC 0.00% of their portfolio RED BANK, NJ 13,22813.2k $10.1k $10.1k 0.00% Unchanged
47 Disciplined Investors, L.L.C. 0.00% of their portfolio WACO, TX 12,20012.2k $9.3k $9.3k 0.00% Unchanged
48 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 12,01412.0k $9.1k $9.1k 0.00% Unchanged
49 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 11,74011.7k $8.9k $8.9k 0.00% Reduced -86 -86
50 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 11,54511.5k $8.8k $8.8k 0.00% New
51 Prime Capital Investment Advisors, LLC 0.00% of their portfolio OVERLAND PARK, KS 11,48511.5k $8.7k $8.7k 0.00% Unchanged
52 CARY STREET PARTNERS FINANCIAL LLC 0.00% of their portfolio RICHMOND, VA 10,55010.6k $8.0k $8.0k 0.00% Unchanged
53 EWA, LLC 0.00% of their portfolio PITTSBURGH, PA 10,52010.5k $8.0k $8.0k 0.00% Reduced -297 -297
54 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 10,03610.0k $7.6k $7.6k 0.00% Reduced -210 -210
55 ISLAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio Lubbock, TX 9,6119.6k $7.3k $7.3k 0.00% Unchanged
56 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,1217.1k $5.4k $5.4k 0.00% Reduced -177 -177
57 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 5,1365.1k $3.9k $3.9k 0.00% Reduced -5.0k -4,965
58 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 5,0265.0k $3.8k $3.8k 0.00% Reduced -62 -62
59 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,7873.8k $2.9k $2.9k 0.00% New
60 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 3,7243.7k $2.8k $2.8k 0.00% New
61 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 3,1193.1k $2.4k $2.4k 0.00% Unchanged
62 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,6432.6k $2.0k $2.0k 0.00% Reduced -83 -83
63 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 2,2062.2k $1.7k $1.7k 0.00% Reduced -3.7k -3,693
64 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,1342.1k $1.6k $1.6k 0.00% Added +591 +591
65 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,1001.1k $836 $836 0.00% New
66 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1,0001.0k $735 $735 0.00% Unchanged
67 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 124124 $0 $0 0.00% Reduced -8 -8