Vault-13

RANI THERAPEUTICS HLDGS INC RANI

COM CL A · Common Stock · CUSIP 753018100

75 institutional holders +11 vs Q4 2025
42,744,79942.7m shares reported held*
$31.4mreported value*
16 new 16 added 14 reduced 8 sold out net sold ≈ $1.5m (-2.1m 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 ≈ $0.73. Options: 5 managers hold calls ($3.5m notional), 2 hold puts ($34.5k).

Trends to Q1 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: 7575Q3 22Q3 23Q3 24Q3 25Q1 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

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 12 bought or addedQ2 24: 14 cut or sold outQ3 24: 12 bought or addedQ3 24: 12 cut or sold outQ3 24Q4 24: 19 bought or addedQ4 24: 11 cut or sold outQ1 25: 14 bought or addedQ1 25: 13 cut or sold outQ1 25Q2 25: 11 bought or addedQ2 25: 13 cut or sold outQ3 25: 15 bought or addedQ3 25: 14 cut or sold outQ3 25Q4 25: 51 bought or addedQ4 25: 9 cut or sold outQ1 26: 32 bought or addedQ1 26: 22 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241214
Q3 20241212
Q4 20241911
Q1 20251413
Q2 20251113
Q3 20251514
Q4 2025519
Q1 20263222

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ2 25 calls: $51.3kQ2 25 puts: $0Q2 25P/C 0.00Q3 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 0.01
Numbers
QuarterCallsPutsP/C
Q2 2025$51.3k$00.00
Q3 2025$8.3k$00.00
Q4 2025$12.7m$292.8k0.02
Q1 2026$3.5m$34.5k0.01

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +242,369+242.4k
Longaeva Partners L.P. Added +216,024+216.0k
JANE STREET GROUP, LLC New +165,599+165.6k
Hudson Bay Capital Management LP New +153,331+153.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +131,400+131.4k
Cygnus Capital Advisors, LLC New +115,649+115.6k
GSA CAPITAL PARTNERS LLP New +96,998+97.0k
UBS Group AG Added +75,700+75.7k
NINE MASTS CAPITAL Ltd New +44,849+44.8k
GEODE CAPITAL MANAGEMENT, LLC Added +42,357+42.4k

Biggest sellers

SymBiosis Capital Partners, LLC Reduced -2,632,415-2.6m
Squarepoint Ops LLC Reduced -327,977-328.0k
GOLDMAN SACHS GROUP INC Reduced -274,006-274.0k
Qube Research & Technologies Ltd Reduced -100,718-100.7k
Virtu Financial LLC Sold out -51,178-51.2k
CITIGROUP INC Reduced -50,369-50.4k
Lighthouse Investment Partners, LLC Sold out -42,840-42.8k
BANK OF AMERICA CORP /DE/ Sold out -36,607-36.6k
TWO SIGMA SECURITIES, LLC Sold out -35,874-35.9k
Prime Capital Investment Advisors, LLC Reduced -15,723-15.7k

Biggest calls

GROUP ONE TRADING LLC Reduced $2.2m3.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $877.8k1.2m shares
CITADEL ADVISORS LLC Added $203.2k276.6k shares
JANE STREET GROUP, LLC Reduced $123.7k168.4k shares
SIMPLEX TRADING, LLC Reduced $88.3k120.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $34.4k47.1k shares
GROUP ONE TRADING LLC Reduced $147200 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 in Q1 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
202Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24Q4 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 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20240—0——
Q3 20240—0——
Q4 20242$50.0k1$11.3k—
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20251$1.3m0——
Q1 20260—1$301—
DateInsiderTradeSharesPrice ValueTheir holding
2026-03-27 Javadi Alireza Chief Technical Officer Sold 386 $0.78 $301386 shares -4%

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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RA CAPITAL MANAGEMENT, L.P. 0.07% of their portfolio BOSTON, MA 8,500,0008.5m $6.2m $6.2m 0.07% Unchanged
2 SAMSARA BIOCAPITAL, LLC 0.61% of their portfolio PALO ALTO, CA 8,500,0008.5m $6.2m $6.2m 0.61% Unchanged
3 AWM Investment Company, Inc. 0.53% of their portfolio NEW YORK, NY 6,500,0006.5m $4.8m $4.8m 0.53% Unchanged
4 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 4,622,5674.6m $3.4m $3.4m 0.00% First filing
5 SymBiosis Capital Partners, LLC 5.11% of their portfolio BENTONVILLE, AR 3,667,5853.7m $2.7m $2.7m 5.11% Reduced -2.6m -2,632,415
6 Longaeva Partners L.P. 0.08% of their portfolio Chicago, IL 2,329,4592.3m $1.7m $1.7m 0.08% Added +216.0k +216,024
7 Siren, L.L.C. 0.04% of their portfolio New York, NY 2,000,0002.0m $1.5m $1.5m 0.04% Unchanged
8 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 903,298903.3k $664.1k $664.1k 0.00% Added +42.4k +42,357
9 BlackRock, Inc. 0.00% of their portfolio New York, NY 556,889556.9k $409.2k $409.2k 0.00% Added +29.2k +29,177
10 Nan Fung Group Holdings Ltd 0.30% of their portfolio KAI TAK, K3 493,584493.6k $362.7k $362.7k 0.30% Unchanged
11 683 Capital Management, LLC 0.03% of their portfolio NEW YORK, NY 487,168487.2k $358.0k $358.0k 0.03% Unchanged
12 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 455,050455.1k $334.5k $334.5k 0.00% First filing
13 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 405,669405.7k $298.1k $298.1k 0.00% Added +242.4k +242,369
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 373,142373.1k $274.2k $274.2k 0.00% Reduced -13.9k -13,900
15 UNITED SERVICES AUTOMOBILE ASSOCIATION 0.03% of their portfolio SAN ANTONIO, TX 302,743302.7k $222.5k $222.5k 0.03% Unchanged
16 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 265,159265.2k $194.8k $194.8k 0.00% Added +10.3k +10,347
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 227,223227.2k $167.0k $167.0k 0.00% Added +75.7k +75,700
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 188,222188.2k $138.3k $138.3k 0.00% Added +131.4k +131,400
19 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 170,471170.5k $125.3k $125.3k 0.00% Unchanged
20 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 165,599165.6k $121.7k $121.7k 0.00% New
21 Hudson Bay Capital Management LP 0.00% of their portfolio STAMFORD, CT 153,331153.3k $112.7k $112.7k 0.00% New
22 CWA Asset Management Group, LLC 0.00% of their portfolio NAPLES, FL 150,000150.0k $110.2k $110.2k 0.00% Unchanged
23 Cygnus Capital Advisors, LLC 0.06% of their portfolio ATLANTA, GA 115,649115.6k $85.0k $85.0k 0.06% New
24 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio HOUSTON, TX 114,500114.5k $84.1k $84.1k 0.00% Unchanged
25 GSA CAPITAL PARTNERS LLP 0.00% of their portfolio LONDON, X0 96,99897.0k $71.0k $71.0k 0.00% New
26 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.00% of their portfolio SAN FRANCISCO, CA 78,00078.0k $57.3k $57.3k 0.00% Unchanged
27 OMERS ADMINISTRATION Corp 0.00% of their portfolio TORONTO, A6 76,50076.5k $56.2k $56.2k 0.00% Added +7.3k +7,300
28 KING LUTHER CAPITAL MANAGEMENT CORP 0.00% of their portfolio FORT WORTH, TX 58,00058.0k $42.6k $42.6k 0.00% Unchanged
29 Well Done, LLC 0.01% of their portfolio HOLLAND, MI 52,01452.0k $38.2k $38.2k 0.01% Unchanged
30 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 49,20049.2k $36.0k $36.0k 0.00% Unchanged
31 MOTCO 0.00% of their portfolio SAN ANTONIO, TX 48,12948.1k $35.4k $35.4k 0.00% Unchanged
32 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 47,50847.5k $34.9k $34.9k 0.00% Reduced -100.7k -100,718
33 NINE MASTS CAPITAL Ltd 0.01% of their portfolio CENTRAL, K3 44,84944.8k $33.0k $33.0k 0.01% New
34 Diametric Capital, LP 0.01% of their portfolio BOSTON, MA 33,20833.2k $24.4k $24.4k 0.01% New
35 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 31,75131.8k $23.3k $23.3k 0.00% First filing
36 Unique Wealth Strategies, LLC 0.01% of their portfolio BURR RIDGE, IL 24,60024.6k $18.1k $18.1k 0.01% Unchanged
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 24,37024.4k $17.9k $17.9k 0.00% Reduced -4.3k -4,307
38 CTC Alternative Strategies, Ltd. 0.04% of their portfolio CHICAGO, IL 23,62223.6k $17.4k $17.4k 0.04% New
39 Brevan Howard Capital Management LP 0.00% of their portfolio ST. HELIER, Y9 23,33623.3k $17.1k $17.1k 0.00% New
40 Lafayette Investments, Inc. 0.00% of their portfolio ASHTON, MD 22,97923.0k $16.9k $16.9k 0.00% Unchanged
41 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 22,22122.2k $16.3k $16.3k 0.00% Reduced -7.6k -7,649
42 TRAPHAGEN INVESTMENT ADVISORS LLC 0.00% of their portfolio ORADELL, NJ 22,02422.0k $16.2k $16.2k 0.00% New
43 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 19,09019.1k $14.0k $14.0k 0.00% Added +9.1k +9,090
44 China Universal Asset Management Co., Ltd. 0.00% of their portfolio SHANGHAI, F4 17,31117.3k $12.7k $12.7k 0.00% Added +1.4k +1,417
45 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 16,40116.4k $12.1k $12.1k 0.00% Reduced -328.0k -327,977
46 Bronte Capital Management Pty Ltd. 0.00% of their portfolio Bondi Junction, C3 14,86814.9k $10.9k $10.9k 0.00% Unchanged
47 ACT Advisors, LLC. 0.00% of their portfolio ASHEVILLE, NC 14,80614.8k $10.9k $10.9k 0.00% Reduced -1.3k -1,256
48 Catalyst Funds Management Pty Ltd 0.00% of their portfolio SYDNEY NSW, C3 14,80014.8k $10.9k $10.9k 0.00% New
49 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 14,35014.3k $10.5k $10.5k 0.00% Added +562 +562
50 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 14,20014.2k $10.4k $10.4k 0.00% New
51 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 13,87913.9k $10.2k $10.2k 0.00% New
52 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 13,80013.8k $11.1k $11.1k 0.00% Unchanged
53 CLEAR WAVE WEALTH MANAGEMENT LLC 0.00% of their portfolio RED BANK, NJ 13,22813.2k $9.7k $9.7k 0.00% First filing
54 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 12,31812.3k $9.1k $9.1k 0.00% Added +4.6k +4,633
55 Disciplined Investors, L.L.C. 0.01% of their portfolio WACO, TX 12,20012.2k $9.0k $9.0k 0.01% Unchanged
56 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 12,01412.0k $8.8k $8.8k 0.00% Unchanged
57 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 11,82611.8k $8.7k $8.7k 0.00% Reduced -274.0k -274,006
58 Prime Capital Investment Advisors, LLC 0.00% of their portfolio OVERLAND PARK, KS 11,48511.5k $8.4k $8.4k 0.00% Reduced -15.7k -15,723
59 EWA, LLC 0.00% of their portfolio PITTSBURGH, PA 10,81710.8k $7.9k $7.9k 0.00% Reduced -264 -264
60 CARY STREET PARTNERS FINANCIAL LLC 0.00% of their portfolio RICHMOND, VA 10,55010.6k $7.8k $7.8k 0.00% Unchanged
61 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 10,50210.5k $7.7k $7.7k 0.00% New
62 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 10,24610.2k $7.5k $7.5k 0.00% Added +2.1k +2,150
63 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 10,10110.1k $7.4k $7.4k 0.00% New
64 ISLAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio Lubbock, TX 9,6119.6k $7.1k $7.1k 0.00% Unchanged
65 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,2987.3k $5.6k $5.6k 0.00% Reduced -521 -521
66 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 5,8995.9k $4.3k $4.3k 0.00% Reduced -8.8k -8,756
67 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 5,0885.1k $3.7k $3.7k 0.00% Added +348 +348
68 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 3,1193.1k $2.3k $2.3k 0.00% Unchanged
69 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,7262.7k $2.0k $2.0k 0.00% Reduced -50.4k -50,369
70 GF FUND MANAGEMENT CO. LTD. 0.00% of their portfolio GUANGZHOU, F4 2,1752.2k $1.6k $1.6k 0.00% Added +318 +318
71 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,5431.5k $1.1k $1.1k 0.00% Reduced -73 -73
72 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1,0001.0k $810 $810 0.00% Unchanged
73 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 799799 $587 $587 0.00% New
74 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 132132 $0 $0 0.00% Added +5 +5
75 Activest Wealth Management 0.00% of their portfolio AVENTURA, FL 00 $0 $0 0.00% New