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 ($2.7m this quarter). Holder counts are more reliable. Shares outstanding: 164.6m as of 2024-08-08, 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 ≈ $4.03. Options: 10 managers hold calls ($1.7m notional), 13 hold puts ($4.0m).
Trends to Q2 2024
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 21 | 11 |
| Q1 2023 | 42 | 14 |
| Q2 2023 | 46 | 39 |
| Q3 2023 | 57 | 28 |
| Q4 2023 | 58 | 27 |
| Q1 2024 | 78 | 33 |
| Q2 2024 | 89 | 45 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $389.9k | $80.2k | 0.21 |
| Q4 2023 | $342.8k | $0 | 0.00 |
| Q1 2024 | $796.2k | $150.6k | 0.19 |
| Q2 2024 | $1.7m | $4.0m | 2.33 |
Biggest buyers
| Nantahala Capital Management, LLC | Added | +8.6m |
| Vestal Point Capital, LP | New | +6.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +4.2m |
| Frazier Life Sciences Management, L.P. | Added | +4.2m |
| Sofinnova Investments, Inc. | Added | +3.0m |
| TCG Crossover Management, LLC | Added | +2.4m |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | Added | +2.2m |
| First Light Asset Management, LLC | New | +2.0m |
| ExodusPoint Capital Management, LP | Added | +1.7m |
| STATE STREET CORP | Added | +1.7m |
Biggest sellers
| JENNISON ASSOCIATES LLC | Reduced | -3.1m |
| Vivo Capital, LLC | Sold out | -2.1m |
| SUPERSTRING CAPITAL MANAGEMENT LP | Reduced | -1.9m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -1.3m |
| Walleye Capital LLC | Reduced | -923.3k |
| Ghost Tree Capital, LLC | Reduced | -549.1k |
| PRUDENTIAL FINANCIAL INC | Reduced | -461.9k |
| MORGAN STANLEY | Reduced | -437.4k |
| JANUS HENDERSON GROUP PLC | Reduced | -287.2k |
| JPMORGAN CHASE & CO | Reduced | -219.8k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $459.4k114.0k shares |
| GROUP ONE TRADING LLC | Added | $403.8k100.2k shares |
| MILLENNIUM MANAGEMENT LLC | New | $311.1k77.2k shares |
| SIMPLEX TRADING, LLC | Added | $191.0k47.5k shares |
| Belvedere Trading LLC | Added | $152.7k37.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $83.8k20.8k shares |
| Altium Capital Management LLC | New | $80.6k20.0k shares |
| ADAR1 Capital Management, LLC | New | $20.1k5.0k shares |
| BARCLAYS PLC | New | $19.3k4.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| MILLENNIUM MANAGEMENT LLC | New | $1.2m300.0k shares |
| LMR Partners LLP | New | $790.3k196.1k shares |
| Sofinnova Investments, Inc. | New | $604.5k150.0k shares |
| SIMPLEX TRADING, LLC | New | $550.0k136.7k shares |
| CITADEL ADVISORS LLC | Added | $370.0k91.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $194.6k48.3k shares |
| GROUP ONE TRADING LLC | Added | $113.2k28.1k shares |
| ACUTA CAPITAL PARTNERS, LLC | New | $100.8k250 shares |
| ADAR1 Capital Management, LLC | New | $44.3k11.0k shares |
| CANTOR FITZGERALD, L. P. | Unchanged | $21.4k20.0k 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 in Q2 2024
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 |
|---|---|---|---|---|---|
| Q3 2022 | 1 | $384.9k | 0 | — | — |
| Q4 2022 | 2 | $334.2k | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 2 | $277.8k | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 3 | $884.7k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| NEA Management Company, LLC 7.42% of their portfolio | 24.5m $98.6m | Unchanged |
| Bain Capital Life Sciences Investors, LLC 6.44% of their portfolio | 14.6m $58.7m | Unchanged |
| TCG Crossover Management, LLC 5.19% of their portfolio | 12.4m $49.8m | Added +2.4m |
| Nantahala Capital Management, LLC 2.11% of their portfolio | 10.4m $41.8m | Added +8.6m |
| Frazier Life Sciences Management, L.P. 1.54% of their portfolio | 8.2m $32.9m | Added +4.2m |
| BlackRock Inc. 0.00% of their portfolio | 8.0m $32.4m | Added +788.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 7.0m $28.3m | Added +4.2m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 7.0m $28.2m | Reduced -1.3m |
| VANGUARD GROUP INC 0.00% of their portfolio | 6.6m $26.8m | Added +575.1k |
| Vestal Point Capital, LP 1.95% of their portfolio | 6.5m $26.2m | New |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 5.7m $23.1m | Reduced -3.1m |
| Sofinnova Investments, Inc. 1.36% of their portfolio | 5.4m $21.6m | Added +3.0m |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.11% of their portfolio | 4.6m $18.4m | Added +2.2m |
| STATE STREET CORP 0.00% of their portfolio | 3.6m $14.4m | Added +1.7m |
| ExodusPoint Capital Management, LP 0.12% of their portfolio | 2.8m $11.4m | Added +1.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.5m $9.9m | Added +94.2k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 2.3m $9.2m | Reduced -287.2k |
| AXA S.A. 0.01% of their portfolio | 2.1m $8.5m | Added +771.8k |
| First Light Asset Management, LLC 0.71% of their portfolio | 2.0m $8.1m | New |
| Altium Capital Management LLC 2.62% of their portfolio | 1.6m $6.3m | Added +240.0k |
| Affinity Asset Advisors, LLC 0.98% of their portfolio | 1.5m $6.2m | Added +396.9k |
| Ghost Tree Capital, LLC 1.47% of their portfolio | 1.1m $4.2m | Reduced -549.1k |
| FMR LLC 0.00% of their portfolio | 988.7k $4.0m | Added +986.7k |
| SPHERA FUNDS MANAGEMENT LTD. 0.63% of their portfolio | 962.7k $3.9m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 791.9k $3.2m | Reduced -11.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 782.1k $3.2m | Added +28.2k |
| Opaleye Management Inc. 0.66% of their portfolio | 715.0k $2.9m | Reduced -140.0k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 675.9k $2.7m | Reduced -461.9k |
| ADAR1 Capital Management, LLC 0.54% of their portfolio | 663.6k $2.7m | Added +658.0k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 646.7k $2.6m | Added +469.6k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 529.6k $2.1m | Reduced -32.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 448.4k $1.8m | Added +55.6k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 404.2k $1.6m | Reduced -94.9k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 359.3k $1.4m | Added +197.0k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 304.7k $1.2m | Added +246.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 288.3k $1.2m | Added +32.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 287.4k $1.2m | Added +142.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 269.4k $1.1m | Added +26.8k |
| MORGAN STANLEY 0.00% of their portfolio | 257.3k $1.0m | Reduced -437.4k |
| ClariVest Asset Management LLC 0.11% of their portfolio | 256.5k $1.0m | Added +7.2k |
| ALGERT GLOBAL LLC 0.03% of their portfolio | 238.8k $962.4k | Added +41.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 208.5k $840.5k | Added +39.3k |
| SUPERSTRING CAPITAL MANAGEMENT LP 1.02% of their portfolio | 200.0k $806.0k | Reduced -1.9m |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 161.0k $648.9k | Added +152.4k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 152.1k $613.1k | Added +31.2k |
| Swiss National Bank 0.00% of their portfolio | 147.0k $592.4k | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 138.2k $557.0k | Unchanged |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 135.6k $546.6k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 134.5k $542.2k | Added +619 |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 130.8k $527.2k | New |
| UBS Group AG 0.00% of their portfolio | 126.0k $507.9k | Added +17.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 119.7k $482.3k | Added +102.4k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio | 115.8k $466.8k | Added +36.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 114.1k $460.0k | Reduced -219.8k |
| CITIGROUP INC 0.00% of their portfolio | 112.8k $454.7k | Added +95.5k |
| Squarepoint Ops LLC 0.00% of their portfolio | 112.2k $452.3k | New |
| ALPS ADVISORS INC 0.00% of their portfolio | 107.8k $434.3k | Added +12.3k |
| Walleye Capital LLC 0.00% of their portfolio | 102.5k $413.2k | Reduced -923.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 100.8k $406.1k | Added +66.7k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 100.7k $406.0k | New |
| LMR Partners LLP 0.01% of their portfolio | 100.0k $403.0k | New |
| AWM Investment Company, Inc. 0.05% of their portfolio | 90.5k $364.7k | Reduced -9.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 88.6k $356.9k | Added +2.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 83.5k $336.4k | Reduced -1.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 76.3k $307.6k | Added +343 |
| EntryPoint Capital, LLC 0.14% of their portfolio | 72.2k $290.8k | Added +56.3k |
| Legal & General Group Plc 0.00% of their portfolio | 69.4k $279.7k | Added +5.4k |
| BARCLAYS PLC 0.00% of their portfolio | 68.0k $273.9k | Reduced -10.1k |
| Verition Fund Management LLC 0.00% of their portfolio | 62.4k $251.5k | Added +45.2k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 53.6k $216.2k | Reduced -1.4k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.00% of their portfolio | 53.4k $215.0k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 52.2k $210.3k | Reduced -36.4k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 52.2k $210.2k | First filing |
| MetLife Investment Management, LLC 0.00% of their portfolio | 52.0k $209.7k | Added +12.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 50.7k $203.0k | First filing |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 44.0k $177.4k | Added +39.9k |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.01% of their portfolio | 44.0k $177.2k | Reduced -43.5k |
| Invesco Ltd. 0.00% of their portfolio | 43.1k $173.7k | Reduced -103 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 41.2k $166.2k | Added +5.3k |
| XTX Topco Ltd 0.01% of their portfolio | 41.1k $165.5k | Added +30.5k |
| Sivia Capital Partners, LLC 0.11% of their portfolio | 39.0k $157.2k | Added +1.5k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.03% of their portfolio | 36.3k $146.2k | New |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 35.4k $142.0k | Added +25.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 33.3k $134.3k | Reduced -330 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 31.0k $125.0k | Reduced -2.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 30.7k $123.9k | Added +281 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 29.4k $118.5k | New |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 27.8k $112.2k | New |
| PROFUND ADVISORS LLC 0.00% of their portfolio | 26.0k $104.8k | New |
| Farther Finance Advisors, LLC 0.01% of their portfolio | 25.8k $119.6k | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 25.8k $103.9k | New |
| NorthCoast Asset Management LLC 0.00% of their portfolio | 25.2k $101.6k | Unchanged |
| STRS OHIO 0.00% of their portfolio | 22.8k $91.9k | Unchanged |
| VIRTUS ADVISERS, LLC 0.04% of their portfolio | 22.3k $89.9k | New |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 21.3k $85.7k | Added +806 |
| BROWN ADVISORY INC 0.00% of their portfolio | 20.9k $84.0k | Unchanged |
| ProShare Advisors LLC 0.00% of their portfolio | 20.6k $83.1k | Reduced -5.1k |
| CANTOR FITZGERALD, L. P. 0.02% of their portfolio | 20.0k $80.6k | New |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 17.8k $71.7k | Added +7.0k |
| OMERS ADMINISTRATION Corp 0.00% of their portfolio | 16.9k $68.1k | New |