ULTRAGENYX PHARMACEUTICAL IN RARE
COM · Common Stock · CUSIP 90400D108 · ISIN US90400D1081
Biopharmaceutical company based in Novato, California, United States
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersNovato, CA
- Websiteultragenyx.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 ($6.7m this quarter). Holder counts are more reliable. Shares outstanding: 96.4m as of 2025-07-31, 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 ≈ $36.37. Options: 28 managers hold calls ($148.5m notional), 21 hold puts ($87.7m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 233 |
| Q4 2022 | 228 |
| Q1 2023 | 230 |
| Q2 2023 | 243 |
| Q3 2023 | 222 |
| Q4 2023 | 238 |
| Q1 2024 | 271 |
| Q2 2024 | 275 |
| Q3 2024 | 303 |
| Q4 2024 | 316 |
| Q1 2025 | 304 |
| Q2 2025 | 313 |
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 | 116 | 106 |
| Q4 2023 | 134 | 98 |
| Q1 2024 | 150 | 96 |
| Q2 2024 | 161 | 120 |
| Q3 2024 | 163 | 120 |
| Q4 2024 | 149 | 151 |
| Q1 2025 | 155 | 148 |
| Q2 2025 | 167 | 151 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $29.9m | $25.6m | 0.86 |
| Q4 2024 | $31.5m | $37.9m | 1.20 |
| Q1 2025 | $43.9m | $42.2m | 0.96 |
| Q2 2025 | $148.5m | $87.7m | 0.59 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +3.0m |
| FMR LLC | Added | +2.2m |
| BAKER BROS. ADVISORS LP | Added | +1.2m |
| Assenagon Asset Management S.A. | Added | +947.9k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | New | +525.5k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +405.3k |
| Frazier Life Sciences Management, L.P. | Added | +325.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | New | +303.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +301.7k |
| Pictet Asset Management Holding SA | Added | +290.7k |
Biggest sellers
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -619.5k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -577.7k |
| Avoro Capital Advisors LLC | Reduced | -500.0k |
| Vestal Point Capital, LP | Sold out | -500.0k |
| Invesco Ltd. | Reduced | -489.2k |
| Point72 Asset Management, L.P. | Reduced | -460.1k |
| Cutter Capital Management, LP | Sold out | -379.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -332.7k |
| Man Group plc | Reduced | -271.0k |
| MARSHALL WACE, LLP | Reduced | -268.2k |
Biggest calls
| Caption Management, LLC | Added | $35.5m976.5k shares |
| Ikarian Capital, LLC | Added | $20.5m563.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $18.4m505.5k shares |
| BARCLAYS PLC | Added | $14.2m391.6k shares |
| DIADEMA PARTNERS LP | Added | $7.9m217.0k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | Added | $7.4m203.6k shares |
| Balyasny Asset Management L.P. | Reduced | $6.7m185.0k shares |
| SPHERA FUNDS MANAGEMENT LTD. | Added | $6.6m180.6k shares |
| Ally Bridge Group (NY) LLC | New | $5.8m1.6k shares |
| JPMORGAN CHASE & CO | Added | $4.3m117.5k shares |
Biggest puts
| Caption Management, LLC | Added | $17.9m493.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.9m463.6k shares |
| JANE STREET GROUP, LLC | Added | $12.2m335.6k shares |
| Ikarian Capital, LLC | Added | $10.9m300.0k shares |
| MOORE CAPITAL MANAGEMENT, LP | New | $7.3m200.0k shares |
| SIMPLEX TRADING, LLC | Added | $4.6m127.5k shares |
| DIADEMA PARTNERS LP | Unchanged | $4.5m123.3k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | Added | $3.9m108.0k shares |
| CITADEL ADVISORS LLC | Reduced | $2.5m67.9k shares |
| Centiva Capital, LP | New | $1.2m32.9k 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 +3.2 pts · filed 2026-07-30 | 8.3% |
| RTW INVESTMENTS, LP 13G · institution new · filed 2026-08-14 | 7.9% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution +1.5 pts · filed 2026-07-31 | 7.0% |
| AQR CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-08-13 | 6.7% |
| Madison Avenue Partners, LP 13G · passive investor new · filed 2026-10-20 | 6.4% |
| STATE STREET CORP 13G · institution +1.2 pts · filed 2026-08-07 | 6.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), FMR LLC (3.5%, 2026-02-05)
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 | 0 | — | 2 | $352.0k | — |
| Q4 2023 | 0 | — | 2 | $4.3m | $1.3m |
| Q1 2024 | 0 | — | 8 | $3.4m | $620.4k |
| Q2 2024 | 0 | — | 3 | $534.4k | $512.7k |
| Q3 2024 | 0 | — | 3 | $2.1m | $2.1m |
| Q4 2024 | 0 | — | 2 | $1.3m | $908.9k |
| Q1 2025 | 0 | — | 8 | $6.8m | $4.2m |
| Q2 2025 | 0 | — | 2 | $118.8k | $89.9k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-20 | Sanders Corazon (Corsee) D. Director | Sold plan | $89.9k2.4k shares |
| 2025-05-05 | Crombez Eric EVP and Chief Medical Officer | Sold | $20.4k520 shares |
| 2025-04-21 | Crombez Eric EVP and Chief Medical Officer | Sold | $8.5k242 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 10.2m $371.4m | Added +217.2k |
| BlackRock, Inc. 0.00% of their portfolio | 6.3m $227.5m | Added +97.9k |
| SANDS CAPITAL MANAGEMENT, LLC 0.41% of their portfolio | 3.9m $143.4m | Reduced -220.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.3m $118.6m | Added +3.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 2.9m $104.9m | Reduced -332.7k |
| BAKER BROS. ADVISORS LP 0.98% of their portfolio | 2.8m $100.8m | Added +1.2m |
| FMR LLC 0.01% of their portfolio | 2.6m $94.7m | Added +2.2m |
| STATE STREET CORP 0.00% of their portfolio | 2.6m $93.5m | Reduced -46.2k |
| MONTANOVA CAPITAL, LLC 3.12% of their portfolio | 2.3m $82.8m | Added +253.5k |
| Clearbridge Investments, LLC 0.06% of their portfolio | 2.1m $77.8m | Reduced -119.1k |
| FEDERATED HERMES, INC. 0.14% of their portfolio | 2.0m $74.5m | Reduced -5.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.9m $68.1m | Reduced -577.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.7m $62.3m | Added +66.4k |
| RTW INVESTMENTS, LP 0.88% of their portfolio | 1.7m $62.1m | Unchanged |
| Pictet Asset Management Holding SA 0.06% of their portfolio | 1.7m $61.9m | Added +290.7k |
| ALKEON CAPITAL MANAGEMENT LLC 0.30% of their portfolio | 1.7m $61.3m | Unchanged |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.7m $60.6m | Reduced -35.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio | 1.5m $55.6m | Reduced -619.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.13% of their portfolio | 1.5m $52.8m | Added +301.7k |
| Alyeska Investment Group, L.P. 0.18% of their portfolio | 1.4m $52.0m | Reduced -65.9k |
| Rock Springs Capital Management LP 3.15% of their portfolio | 1.4m $50.6m | Reduced -3.4k |
| Deep Track Capital, LP 1.58% of their portfolio | 1.4m $49.1m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 1.3m $45.6m | Added +7.8k |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 1.2m $42.3m | Added +947.9k |
| Frazier Life Sciences Management, L.P. 1.43% of their portfolio | 983.7k $35.8m | Added +325.0k |
| NORGES BANK 0.00% of their portfolio | 983.6k $35.8m | Unchanged |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.15% of their portfolio | 898.0k $32.7m | Not comparable |
| TWO SIGMA ADVISERS, LP 0.06% of their portfolio | 860.4k $31.3m | Reduced -76.8k |
| Invesco Ltd. 0.00% of their portfolio | 724.1k $26.3m | Reduced -489.2k |
| MORGAN STANLEY 0.00% of their portfolio | 638.9k $23.2m | Added +12.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 637.7k $23.2m | Added +109.7k |
| Eagle Health Investments LP 5.63% of their portfolio | 627.6k $22.8m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 616.0k $22.4m | Added +22.8k |
| Driehaus Capital Management LLC 0.18% of their portfolio | 606.4k $22.0m | Reduced -246.2k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 576.9k $21.0m | Reduced -56.3k |
| Schonfeld Strategic Advisors LLC 0.16% of their portfolio | 567.2k $20.6m | Reduced -257.2k |
| Polar Capital Holdings Plc 0.11% of their portfolio | 551.4k $20.0m | Reduced -100.0k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 549.5k $20.0m | Reduced -11.9k |
| First Light Asset Management, LLC 2.58% of their portfolio | 547.9k $19.9m | Reduced -84.1k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 540.8k $19.7m | Reduced -15.6k |
| Candriam S.C.A. 0.11% of their portfolio | 526.3k $19.1m | Reduced -201.8k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.18% of their portfolio | 525.5k $19.1m | New |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 516.0k $18.8m | Reduced -460.1k |
| Nuveen, LLC 0.01% of their portfolio | 505.2k $18.4m | Reduced -13.4k |
| Aberdeen Group plc 0.03% of their portfolio | 501.1k $18.2m | Added +22.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 493.5k $17.9m | Reduced -74.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 486.6k $17.7m | Reduced -15.4k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 486.3k $17.7m | Reduced -226.1k |
| GW&K Investment Management, LLC 0.16% of their portfolio | 481.3k $17.5m | Reduced -20.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 475.2k $17.3m | Reduced -125.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 473.9k $17.2m | Reduced -222.3k |
| EMERALD ADVISERS, LLC 0.61% of their portfolio | 461.4k $16.8m | Reduced -54.8k |
| AXA S.A. 0.05% of their portfolio | 456.7k $16.6m | Added +371 |
| UBS Group AG 0.00% of their portfolio | 440.4k $16.0m | Reduced -29.1k |
| FRED ALGER MANAGEMENT, LLC 0.07% of their portfolio | 430.3k $15.6m | Reduced -94.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 426.0k $15.5m | Reduced -54.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 415.7k $15.1m | Added +405.3k |
| MPM BIOIMPACT LLC 2.49% of their portfolio | 395.7k $14.4m | Reduced -2.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 390.4k $14.2m | Added +97.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 336.2k $12.2m | Added +71.9k |
| Avoro Capital Advisors LLC 0.21% of their portfolio | 330.0k $12.0m | Reduced -500.0k |
| Legal & General Group Plc 0.00% of their portfolio | 313.8k $11.4m | Added +54.8k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 311.1k $11.3m | Unchanged |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio | 303.6k $11.0m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 301.0k $10.9m | Added +68.6k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.65% of their portfolio | 295.3k $10.7m | Reduced -45.7k |
| MOORE CAPITAL MANAGEMENT, LP 0.21% of their portfolio | 290.0k $10.5m | Added +50.0k |
| Motley Fool Wealth Management, LLC 0.60% of their portfolio | 275.1k $10.0m | Added +125.5k |
| Woodline Partners LP 0.05% of their portfolio | 273.3k $9.9m | Added +4.8k |
| PERCEPTIVE ADVISORS LLC 0.37% of their portfolio | 270.0k $9.8m | New |
| Hudson Bay Capital Management LP 0.06% of their portfolio | 258.7k $9.4m | Reduced -121.5k |
| Blue Owl Capital Holdings LP 3.00% of their portfolio | 255.2k $9.3m | Added +102.0k |
| Privium Fund Management B.V. 1.98% of their portfolio | 253.3k $9.2m | Added +3.5k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 252.3k $9.2m | Added +160.3k |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 242.0k $8.8m | New |
| Caption Management, LLC 0.79% of their portfolio | 237.5k $8.6m | Added +58.7k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 235.1k $8.5m | Reduced -48.5k |
| Trexquant Investment LP 0.10% of their portfolio | 234.9k $8.5m | Reduced -33.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 225.8k $8.2m | Added +49.0k |
| Catalio Capital Management, LP 1.63% of their portfolio | 213.4k $7.8m | New |
| WCM INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 210.5k $7.7m | Added +8.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 208.3k $7.6m | Reduced -91.3k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.21% of their portfolio | 189.5k $6.9m | Added +20.1k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 185.8k $6.8m | Reduced -22.0k |
| Man Group plc 0.01% of their portfolio | 184.2k $6.7m | Reduced -271.0k |
| BARCLAYS PLC 0.00% of their portfolio | 178.6k $6.5m | Added +35.7k |
| Motley Fool Asset Management LLC 0.28% of their portfolio | 167.4k $6.1m | Added +83.0k |
| Swiss National Bank 0.00% of their portfolio | 161.1k $5.9m | Unchanged |
| PDT Partners, LLC 0.32% of their portfolio | 156.7k $5.7m | Added +51.8k |
| Avidity Partners Management LP 1.12% of their portfolio | 154.0k $5.6m | Reduced -168.1k |
| Parkman Healthcare Partners LLC 0.62% of their portfolio | 148.0k $5.4m | Reduced -156.3k |
| EFG Asset Management (North America) Corp. 0.70% of their portfolio | 135.8k $4.9m | Added +12.9k |
| SUPERSTRING CAPITAL MANAGEMENT LP 5.91% of their portfolio | 130.4k $4.7m | New |
| TD Asset Management Inc 0.00% of their portfolio | 123.9k $4.5m | Reduced -14.6k |
| GILDER GAGNON HOWE & CO LLC 0.05% of their portfolio | 123.1k $4.5m | Added +106.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 120.2k $4.4m | Added +16.4k |
| ALGERT GLOBAL LLC 0.09% of their portfolio | 116.3k $4.2m | Reduced -14.0k |
| PINNACLE ASSOCIATES LTD 0.06% of their portfolio | 114.3k $4.2m | Reduced -29.1k |
| California Public Employees Retirement System 0.00% of their portfolio | 112.5k $4.1m | Reduced -27.9k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 111.7k $4.1m | Reduced -53.9k |