SAVARA INC SVRA
COM · Common Stock · CUSIP 805111101 · ISIN US8051111016
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersAustin, TX
- FilingsSEC EDGAR
* 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 ($69.0k this quarter). Holder counts are more reliable. Shares outstanding: 205.5m as of 2026-08-11, 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 ≈ $6.16. Options: 5 managers hold calls ($1.1m notional), 5 hold puts ($687.5k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 56 |
| Q4 2022 | 56 |
| Q1 2023 | 70 |
| Q2 2023 | 78 |
| Q3 2023 | 85 |
| Q4 2023 | 99 |
| Q1 2024 | 121 |
| Q2 2024 | 134 |
| Q3 2024 | 127 |
| Q4 2024 | 137 |
| Q1 2025 | 138 |
| Q2 2025 | 125 |
| Q3 2025 | 126 |
| Q4 2025 | 148 |
| Q1 2026 | 187 |
| Q2 2026 | 182 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 72 | 50 |
| Q4 2024 | 74 | 50 |
| Q1 2025 | 70 | 54 |
| Q2 2025 | 61 | 62 |
| Q3 2025 | 63 | 64 |
| Q4 2025 | 89 | 53 |
| Q1 2026 | 118 | 58 |
| Q2 2026 | 93 | 83 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $521.5k | $130.7k | 0.25 |
| Q4 2025 | $959.4k | $294.3k | 0.31 |
| Q1 2026 | $781.9k | $342.3k | 0.44 |
| Q2 2026 | $1.1m | $687.5k | 0.62 |
Biggest buyers
| Nantahala Capital Management, LLC | Added | +6.6m |
| ORBIMED ADVISORS LLC | Added | +3.3m |
| MARSHALL WACE, LLP | Added | +1.7m |
| BlackRock, Inc. | Added | +1.2m |
| Venrock Adviser, LLC | Added | +1.0m |
| Pictet Asset Management Holding SA | Added | +487.7k |
| ALGERT GLOBAL LLC | Added | +464.6k |
| Y-Intercept (Hong Kong) Ltd | New | +410.6k |
| D. E. Shaw & Co., Inc. | Added | +403.1k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +277.7k |
Biggest sellers
| MORGAN STANLEY | Reduced | -1.4m |
| SUPERSTRING CAPITAL MANAGEMENT LP | Reduced | -608.5k |
| CITADEL ADVISORS LLC | Reduced | -537.7k |
| Point72 Asset Management, L.P. | Sold out | -463.0k |
| JANE STREET GROUP, LLC | Sold out | -431.0k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -403.8k |
| Longaeva Partners L.P. | Reduced | -259.1k |
| XTX Topco Ltd | Reduced | -256.9k |
| EMERALD ADVISERS, LLC | Reduced | -222.8k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -211.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $574.7k93.3k shares |
| JANE STREET GROUP, LLC | Reduced | $244.6k39.7k shares |
| CITADEL ADVISORS LLC | Added | $217.4k35.3k shares |
| SIMPLEX TRADING, LLC | Added | $69.6k11.3k shares |
| GROUP ONE TRADING LLC | Reduced | $616100 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $285.8k46.4k shares |
| CITADEL ADVISORS LLC | New | $256.9k41.7k shares |
| JANE STREET GROUP, LLC | Reduced | $80.7k13.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $48.0k7.8k shares |
| GROUP ONE TRADING LLC | New | $16.0k2.6k 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 |
|---|---|
Growth Equity Opportunities 17, LLC
13D · may seek influence
filed 2025-11-14
Stated purposeGEO acquired the GEO Shares for investment purposes. Depending on market conditions, its continuing evaluation of the business and prospects of the Issuer and other factors, GEO and the other Reporting Persons may dispose of or acquire additional shares of the Issuer. Except as set forth above, none of the Reporting Persons has any present plans which relate to or would result in: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present board of directors or … Full filing |
12.0% |
| Bain Capital Life Sciences Fund II, L.P. 13D · may seek influence filed 2025-03-27 | 10.0% |
| Venrock Healthcare Capital Partners III, L.P. 13G · passive investor +2.6 pts · filed 2026-02-17 | 9.9% |
| Farallon Capital Partners, L.P. 13G · passive investor -3.1 pts · filed 2026-02-05 | 6.9% |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 13G · institution filed 2026-08-14 | 6.8% |
| Flynn James E 13G · passive investor new · filed 2025-11-05 | 6.7% |
| TCG Crossover GP I, LLC 13G · passive investor filed 2026-02-17 | 6.1% |
| BlackRock, Inc. 13G · institution +0.6 pts · filed 2026-01-21 | 5.4% |
Fell to 5% or below in the last year: Nantahala Capital Management, LLC (3.6%, 2026-02-13), Frazier Life Sciences Public Fund, L.P. (4.1%, 2026-02-13), Vestal Point Capital, LP (2.3%, 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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 2 | $347.0k | 3 | $290.9k | — |
| Q1 2025 | 1 | $417.0k | 0 | — | — |
| Q2 2025 | 2 | $119.2k | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 1 | $121.2k | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 1 | $2.2m | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-22 | Lowrance David L Chief Financial Officer | Sold | $2.2m394.5k shares |
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
| Manager | Shares | Change |
|---|---|---|
| NEA Management Company, LLC 9.49% of their portfolio | 24.5m $150.7m | Unchanged |
| Bain Capital Life Sciences Investors, LLC 6.45% of their portfolio | 17.6m $108.4m | Unchanged |
| Venrock Adviser, LLC 2.75% of their portfolio | 14.7m $90.8m | Added +1.0m |
| Nantahala Capital Management, LLC 2.60% of their portfolio | 14.0m $86.0m | Added +6.6m |
| DEERFIELD MANAGEMENT COMPANY, L.P. 0.87% of their portfolio | 13.6m $83.6m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 12.5m $77.0m | Added +1.2m |
| TCG Crossover Management, LLC 1.83% of their portfolio | 12.4m $76.2m | Unchanged |
| Frazier Life Sciences Management, L.P. 1.30% of their portfolio | 9.7m $59.9m | Unchanged |
| Polar Capital Holdings Plc 0.17% of their portfolio | 9.5m $58.8m | Unchanged |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 7.9m $48.9m | Added +148.6k |
| STATE STREET CORP 0.00% of their portfolio | 6.6m $40.4m | Reduced -154.3k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 6.3m $38.5m | Added +1.7m |
| RTW INVESTMENTS, LP 0.31% of their portfolio | 6.0m $36.7m | Unchanged |
| Woodline Partners LP 0.08% of their portfolio | 4.2m $26.1m | Unchanged |
| ORBIMED ADVISORS LLC 0.46% of their portfolio | 4.0m $24.4m | Added +3.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.9m $23.9m | Added +277.7k |
| Spruce Street Capital LP 4.17% of their portfolio | 3.5m $21.3m | Added +69.4k |
| Rosalind Advisors, Inc. 7.35% of their portfolio | 3.2m $19.6m | Reduced -25.6k |
| EMERALD ADVISERS, LLC 0.46% of their portfolio | 3.1m $19.4m | Reduced -222.8k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 2.8m $17.0m | Added +487.7k |
| Vestal Point Capital, LP 0.39% of their portfolio | 2.7m $16.8m | Added +119.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 2.7m $16.6m | Reduced -15.9k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 2.5m $15.5m | Added +403.1k |
| Affinity Asset Advisors, LLC 0.76% of their portfolio | 2.5m $15.5m | Unchanged |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.51% of their portfolio | 2.4m $14.6m | Added +7.3k |
| NAN FUNG TRINITY (HK) LTD 1.12% of their portfolio | 1.8m $11.3m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 1.6m $10.1m | Added +260.4k |
| ADAR1 Capital Management, LLC 0.41% of their portfolio | 1.4m $8.6m | Reduced -61.1k |
| SILVERARC CAPITAL MANAGEMENT, LLC 0.93% of their portfolio | 1.4m $8.3m | Reduced -75.5k |
| ALGERT GLOBAL LLC 0.10% of their portfolio | 1.3m $8.2m | Added +464.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.3m $8.0m | Added +112.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.2m $7.2m | Added +30.5k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 1.0m $6.4m | Added +36.3k |
| Longaeva Partners L.P. 0.18% of their portfolio | 1.0m $6.3m | Reduced -259.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 1.0m $6.2m | Reduced -43.2k |
| SUPERSTRING CAPITAL MANAGEMENT LP 3.80% of their portfolio | 977.5k $6.0m | Reduced -608.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 865.0k $5.3m | Added +16.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 829.3k $5.1m | Added +249.3k |
| SPHERA FUNDS MANAGEMENT LTD. 0.67% of their portfolio | 756.2k $4.7m | Added +17.0k |
| Swedbank AB 0.00% of their portfolio | 715.9k $4.4m | Added +15.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 692.2k $4.3m | Reduced -64.6k |
| F/m Investments LLC 0.21% of their portfolio | 658.4k $4.1m | Added +7.3k |
| Sio Capital Management, LLC 0.65% of their portfolio | 617.7k $3.8m | Added +3.8k |
| KVP Capital Advisors, LP 2.74% of their portfolio | 605.3k $3.7m | Unchanged |
| Integral Health Asset Management, LLC 0.15% of their portfolio | 600.0k $3.7m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 520.4k $3.2m | Reduced -67.8k |
| UBS Group AG 0.00% of their portfolio | 513.0k $3.2m | Reduced -83.7k |
| Moody Aldrich Partners LLC 0.53% of their portfolio | 482.8k $3.0m | Reduced -131.5k |
| Jupiter Topco LLC 0.00% of their portfolio | 466.6k $2.9m | First filing |
| Y-Intercept (Hong Kong) Ltd 0.05% of their portfolio | 410.6k $2.5m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 372.4k $2.3m | Added +62.7k |
| MORGAN STANLEY 0.00% of their portfolio | 366.0k $2.3m | Reduced -1.4m |
| Sofinnova Investments, Inc. 0.12% of their portfolio | 364.8k $2.2m | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 339.3k $2.1m | Reduced -4.2k |
| Seven Fleet Capital Management LP 0.31% of their portfolio | 309.1k $1.9m | Added +13.4k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.03% of their portfolio | 294.2k $1.8m | Reduced -13.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 261.0k $1.6m | Reduced -537.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 248.9k $1.5m | Reduced -403.8k |
| Walleye Capital LLC 0.01% of their portfolio | 248.7k $1.5m | Added +53.6k |
| HighVista Strategies LLC 0.34% of their portfolio | 242.4k $1.5m | Reduced -8.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 205.1k $1.2m | Unchanged |
| Eversept Partners, LP 0.07% of their portfolio | 204.4k $1.3m | Reduced -179.8k |
| Invesco Ltd. 0.00% of their portfolio | 200.7k $1.2m | Reduced -22.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 186.1k $1.1m | Added +28.9k |
| Swiss National Bank 0.00% of their portfolio | 185.0k $1.1m | Added +48.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 179.6k $1.1m | Added +92.6k |
| FMR LLC 0.00% of their portfolio | 174.7k $1.1m | Added +105.7k |
| CITIGROUP INC 0.00% of their portfolio | 159.9k $984.9k | Added +127.6k |
| Jain Global LLC 0.01% of their portfolio | 142.8k $879.6k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 127.0k $693.6k | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 125.7k $775.0k | Added +24.2k |
| XTX Topco Ltd 0.01% of their portfolio | 122.5k $754.7k | Reduced -256.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 116.2k $715.9k | Added +63.5k |
| GLENMEDE TRUST CO NA 0.00% of their portfolio | 114.8k $707.4k | Added +9.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 100.9k $621.8k | Added +93.0k |
| DCF Advisers, LLC 0.16% of their portfolio | 100.0k $616.0k | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 95.1k $585.9k | Added +48.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 90.3k $556.3k | Added +79.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 90.0k $554.4k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 89.3k $549.8k | Added +19.8k |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 88.8k $547.3k | Reduced -100.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 86.3k $531.5k | Reduced -2.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 85.9k $518.0k | Added +5.2k |
| OPTIMIZE FINANCIAL INC. 0.19% of their portfolio | 83.8k $516.3k | Reduced -292 |
| Sound Capital Solutions LLC 0.12% of their portfolio | 83.8k $516.3k | First filing |
| Cresset Asset Management, LLC 0.00% of their portfolio | 83.3k $513.3k | Reduced -150 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 80.5k $494.4k | Reduced -815 |
| Birchview Capital, LP 0.23% of their portfolio | 80.0k $492.8k | New |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 76.8k $473.3k | Reduced -14.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 74.9k $461.2k | Reduced -48.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 69.9k $430.5k | Added +1.7k |
| DRW Securities, LLC 0.03% of their portfolio | 69.6k $429.0k | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 65.8k $405.4k | Added +32.7k |
| Susquehanna Portfolio Strategies, LLC 0.01% of their portfolio | 63.1k $388.6k | Added +3.1k |
| Virtus Investment Advisers, LLC 0.09% of their portfolio | 62.2k $383.2k | Added +22.8k |
| SG Americas Securities, LLC 0.00% of their portfolio | 62.0k $382.0k | Added +4.6k |
| Verdad Advisers, LP 0.36% of their portfolio | 61.8k $380.4k | Reduced -66.6k |
| Creative Planning 0.00% of their portfolio | 61.5k $379.0k | Added +1.7k |
| Legal & General Group Plc 0.00% of their portfolio | 57.0k $350.8k | Added +23.3k |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 54.2k $333.6k | Reduced -12.3k |