TANDEM DIABETES CARE INC TNDM
COM NEW · Common Stock · CUSIP 875372203 · ISIN US8753722037
U.S. healthcare company
- SectorHealth care
- IndustrySurgical & Medical Instruments & Apparatus
- HeadquartersSan Diego, CA
- Founded2008
- Websitetandemdiabetes.com
- 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 ($10.7m this quarter). Holder counts are more reliable. Shares outstanding: 67.6m as of 2025-08-01, 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 ≈ $18.61. Options: 11 managers hold calls ($54.4m notional), 9 hold puts ($4.8m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 298 |
| Q4 2022 | 295 |
| Q1 2023 | 275 |
| Q2 2023 | 248 |
| Q3 2023 | 226 |
| Q4 2023 | 268 |
| Q1 2024 | 291 |
| Q2 2024 | 316 |
| Q3 2024 | 331 |
| Q4 2024 | 315 |
| Q1 2025 | 276 |
| Q2 2025 | 272 |
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 2023 | 104 | 135 |
| Q4 2023 | 150 | 117 |
| Q1 2024 | 174 | 107 |
| Q2 2024 | 184 | 126 |
| Q3 2024 | 162 | 157 |
| Q4 2024 | 165 | 143 |
| Q1 2025 | 141 | 160 |
| Q2 2025 | 154 | 114 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $144.5m | $10.5m | 0.07 |
| Q4 2024 | $113.7m | $7.4m | 0.06 |
| Q1 2025 | $61.6m | $5.5m | 0.09 |
| Q2 2025 | $54.4m | $4.8m | 0.09 |
Biggest buyers
| Ophir Asset Management Pty Ltd | New | +1.5m |
| GOLDMAN SACHS GROUP INC | Added | +1.2m |
| ROYAL BANK OF CANADA | Added | +887.4k |
| MILLENNIUM MANAGEMENT LLC | Added | +741.5k |
| TWO SIGMA INVESTMENTS, LP | Added | +591.3k |
| Walleye Capital LLC | New | +567.2k |
| UBS Group AG | Added | +548.3k |
| Sessa Capital IM, L.P. | Added | +533.7k |
| ExodusPoint Capital Management, LP | Added | +401.3k |
| BAILLIE GIFFORD & CO | Added | +393.2k |
Biggest sellers
| Park West Asset Management LLC | Sold out | -1.1m |
| FMR LLC | Reduced | -912.4k |
| FRED ALGER MANAGEMENT, LLC | Reduced | -786.9k |
| Balyasny Asset Management L.P. | Reduced | -538.8k |
| KINGDON CAPITAL MANAGEMENT, L.L.C. | Sold out | -495.2k |
| Soleus Capital Management, L.P. | Reduced | -296.0k |
| First Light Asset Management, LLC | Sold out | -245.3k |
| BEACONLIGHT CAPITAL, LLC | Reduced | -166.3k |
| iA Global Asset Management Inc. | Sold out | -165.4k |
| BlackRock, Inc. | Reduced | -157.2k |
Biggest calls
| UBS Group AG | Unchanged | $51.2m2.7m shares |
| CITADEL ADVISORS LLC | Added | $525.6k28.2k shares |
| JANE STREET GROUP, LLC | Reduced | $494.0k26.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $475.3k25.5k shares |
| IMC-Chicago, LLC | Reduced | $328.1k17.6k shares |
| Walleye Trading LLC | New | $318.7k17.1k shares |
| WOLVERINE TRADING, LLC | New | $306.8k16.2k shares |
| Walleye Capital LLC | New | $283.3k15.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $262.0k14.1k shares |
| GROUP ONE TRADING LLC | Added | $205.0k11.0k shares |
Biggest puts
| GROUP ONE TRADING LLC | Added | $2.0m109.0k shares |
| JANE STREET GROUP, LLC | Reduced | $833.2k44.7k shares |
| CITADEL ADVISORS LLC | Reduced | $708.3k38.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $479.0k25.7k shares |
| SIMPLEX TRADING, LLC | Added | $277.0k14.9k shares |
| WOLVERINE TRADING, LLC | New | $202.7k10.7k shares |
| Walleye Capital LLC | New | $145.4k7.8k shares |
| Walleye Trading LLC | New | $130.5k7.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-29 | 15.2% |
| Sessa Capital (Master), L.P. 13G · passive investor new · filed 2025-05-15 | 6.7% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: Voya Financial, Inc. (0.2%, 2026-08-06), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), ArrowMark Colorado Holdings LLC (4.3%, 2026-02-17)
Insider purchases and sales in Q2 2025
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 2023 | 1 | $21.4k | 0 | — | — |
| Q4 2023 | 3 | $220.1k | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $258.4k | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 1 | $12.4k | 1 | $1.2m | — |
| Q1 2025 | 1 | $190.9k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 10.9m $202.6m | Reduced -157.2k |
| VANGUARD GROUP INC 0.00% of their portfolio | 7.4m $137.4m | Added +77.7k |
| Sessa Capital IM, L.P. 2.84% of their portfolio | 5.0m $93.2m | Added +533.7k |
| GW&K Investment Management, LLC 0.48% of their portfolio | 2.9m $53.9m | Added +26.1k |
| ArrowMark Colorado Holdings LLC 0.91% of their portfolio | 2.7m $50.3m | Reduced -16.8k |
| STATE STREET CORP 0.00% of their portfolio | 2.6m $49.3m | Reduced -41.9k |
| Hood River Capital Management LLC 0.67% of their portfolio | 2.6m $47.8m | Added +252.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.9m $35.2m | Added +1.2m |
| Paradice Investment Management LLC 6.69% of their portfolio | 1.8m $32.9m | Added +117.3k |
| Stephens Investment Management Group LLC 0.43% of their portfolio | 1.7m $32.4m | Added +30.9k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.7m $30.9m | Added +181.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.6m $29.9m | Added +49.1k |
| Ophir Asset Management Pty Ltd 3.88% of their portfolio | 1.5m $24.4m | New |
| Champlain Investment Partners, LLC 0.19% of their portfolio | 1.5m $27.1m | Added +86.2k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.10% of their portfolio | 1.4m $26.7m | Reduced -40.3k |
| UBS Group AG 0.01% of their portfolio | 1.4m $25.8m | Added +548.3k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $23.6m | Added +334.6k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 1.2m $23.0m | Added +591.3k |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 1.1m $21.0m | Added +393.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.1m $20.5m | Added +887.4k |
| BROWN ADVISORY INC 0.03% of their portfolio | 1.1m $19.7m | Added +131.8k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 969.1k $18.1m | Added +741.5k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 888.1k $16.6m | Added +208.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.05% of their portfolio | 784.2k $14.6m | Added +139.2k |
| Capital World Investors 0.00% of their portfolio | 767.0k $14.3m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 700.4k $13.1m | Added +10.8k |
| FRED ALGER MANAGEMENT, LLC 0.06% of their portfolio | 667.3k $12.4m | Reduced -786.9k |
| Nuveen, LLC 0.00% of their portfolio | 628.5k $11.7m | Added +320.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 617.0k $11.5m | Added +46.9k |
| Walleye Capital LLC 0.10% of their portfolio | 567.2k $10.6m | New |
| BARCLAYS PLC 0.00% of their portfolio | 567.1k $10.6m | Added +53.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 562.3k $10.5m | Added +328.5k |
| BROWN CAPITAL MANAGEMENT LLC 0.30% of their portfolio | 551.2k $10.3m | Reduced -39.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 545.5k $10.2m | Added +78.8k |
| ALGERT GLOBAL LLC 0.21% of their portfolio | 530.9k $9.9m | Added +321.6k |
| FMR LLC 0.00% of their portfolio | 524.7k $9.8m | Reduced -912.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 419.0k $7.8m | Added +31.1k |
| ExodusPoint Capital Management, LP 0.09% of their portfolio | 417.3k $7.8m | Added +401.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 399.0k $7.4m | Reduced -8.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 395.2k $7.4m | Reduced -4.2k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 382.8k $7.7m | Added +210.7k |
| Trexquant Investment LP 0.08% of their portfolio | 368.5k $6.9m | New |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.06% of their portfolio | 364.1k $6.8m | Reduced -1.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 361.9k $6.7m | Reduced -97.9k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 358.5k $6.7m | Added +125.6k |
| Aberdeen Group plc 0.01% of their portfolio | 356.2k $6.6m | Unchanged |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 353.0k $6.6m | Added +238.9k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.04% of their portfolio | 346.2k $6.5m | Added +65 |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 342.3k $6.4m | Added +56.2k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 338.7k $6.3m | New |
| Quantinno Capital Management LP 0.03% of their portfolio | 319.7k $6.0m | Added +77.8k |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 311.5k $5.8m | Reduced -93.8k |
| DAFNA Capital Management LLC 1.51% of their portfolio | 294.2k $5.5m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 278.0k $5.2m | Reduced -40.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 270.3k $5.0m | Added +89.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 268.9k $5.0m | Added +74.9k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.08% of their portfolio | 262.6k $4.9m | Added +10.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio | 262.4k $4.9m | Added +223.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 257.5k $4.8m | Added +75.2k |
| Lisanti Capital Growth, LLC 1.31% of their portfolio | 253.8k $4.7m | New |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 250.0k $4.7m | New |
| Susquehanna Portfolio Strategies, LLC 0.10% of their portfolio | 247.0k $4.6m | New |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 230.9k $4.3m | Reduced -538.8k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 227.1k $4.2m | Added +18.9k |
| Invesco Ltd. 0.00% of their portfolio | 226.8k $4.2m | Reduced -10.3k |
| Verition Fund Management LLC 0.02% of their portfolio | 218.6k $4.1m | Added +188.7k |
| SECTOR GAMMA AS 1.28% of their portfolio | 210.5k $3.9m | Added +30.0k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 210.3k $3.9m | Added +198.9k |
| Soleus Capital Management, L.P. 0.26% of their portfolio | 200.0k $3.7m | Reduced -296.0k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 199.8k $3.7m | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 198.7k $3.7m | Added +59.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 197.8k $3.7m | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 193.2k $3.6m | Added +14.9k |
| KBC Group NV 0.01% of their portfolio | 191.8k $3.6m | Reduced -2.0k |
| FIL Ltd 0.00% of their portfolio | 191.4k $3.6m | Reduced -1.1k |
| 1492 Capital Management LLC 1.62% of their portfolio | 188.8k $3.5m | Added +166.3k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 186.7k $3.5m | Added +62.4k |
| Legal & General Group Plc 0.00% of their portfolio | 184.9k $3.4m | Added +7.9k |
| Squarepoint Ops LLC 0.01% of their portfolio | 180.7k $3.4m | Added +56.8k |
| Divisadero Street Capital Management, LP 0.22% of their portfolio | 174.7k $3.3m | Unchanged |
| Engineers Gate Manager LP 0.04% of their portfolio | 170.5k $3.2m | Reduced -20.4k |
| PDT Partners, LLC 0.18% of their portfolio | 170.4k $3.2m | New |
| Jump Financial, LLC 0.04% of their portfolio | 162.9k $3.0m | New |
| Aquatic Capital Management LLC 0.06% of their portfolio | 162.0k $3.0m | Added +139.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 160.6k $3.0m | Added +4.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 143.3k $2.7m | Reduced -43.4k |
| MIZUHO MARKETS AMERICAS LLC 0.09% of their portfolio | 138.7k $2.6m | Added +23.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 137.7k $2.6m | Reduced -135.6k |
| Swiss National Bank 0.00% of their portfolio | 127.3k $2.4m | Unchanged |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 123.5k $2.3m | Reduced -15.0k |
| FORMULA GROWTH LTD 0.86% of their portfolio | 122.1k $2.3m | Reduced -1.8k |
| HighTower Advisors, LLC 0.00% of their portfolio | 121.5k $2.3m | Added +54.3k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 117.7k $2.2m | Reduced -69.4k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.10% of their portfolio | 104.0k $1.9m | Reduced -1.0k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 101.3k $1.9m | Added +13.5k |
| Brevan Howard Capital Management LP 0.02% of their portfolio | 94.7k $1.8m | Added +84.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 90.1k $1.7m | New |
| CITIGROUP INC 0.00% of their portfolio | 87.1k $1.6m | Reduced -14.1k |
| BANQUE PICTET & CIE SA 0.02% of their portfolio | 84.0k $1.6m | New |
| Gotham Asset Management, LLC 0.01% of their portfolio | 82.4k $1.5m | Added +13.8k |