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 ($7.2m this quarter). Holder counts are more reliable. Shares outstanding: 96.5m as of 2025-10-30, 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 ≈ $30.08. Options: 22 managers hold calls ($88.8m notional), 20 hold puts ($34.0m).
Trends to Q3 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 |
| Q3 2025 | 304 |
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 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 |
| Q3 2025 | 181 | 145 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $31.5m | $37.9m | 1.20 |
| Q1 2025 | $43.9m | $42.2m | 0.96 |
| Q2 2025 | $148.5m | $87.7m | 0.59 |
| Q3 2025 | $88.8m | $34.0m | 0.38 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +4.8m |
| FMR LLC | Added | +4.7m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +1.9m |
| RTW INVESTMENTS, LP | Added | +1.6m |
| STATE STREET CORP | Added | +1.1m |
| Vestal Point Capital, LP | New | +750.0k |
| Russell Investments Group, Ltd. | Added | +720.3k |
| GW&K Investment Management, LLC | Added | +668.9k |
| BRAIDWELL LP | New | +588.7k |
| Schonfeld Strategic Advisors LLC | Added | +577.4k |
Biggest sellers
| Clearbridge Investments, LLC | Reduced | -2.0m |
| ALKEON CAPITAL MANAGEMENT LLC | Sold out | -1.7m |
| FEDERATED HERMES, INC. | Reduced | -1.6m |
| Deep Track Capital, LP | Sold out | -1.4m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -1.2m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -1.1m |
| Assenagon Asset Management S.A. | Reduced | -911.1k |
| Alyeska Investment Group, L.P. | Reduced | -897.4k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | Reduced | -891.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -576.1k |
Biggest calls
| Caption Management, LLC | Reduced | $16.2m537.5k shares |
| SILVERARC CAPITAL MANAGEMENT, LLC | New | $15.9m528.2k shares |
| Balyasny Asset Management L.P. | Added | $9.3m310.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $8.9m295.6k shares |
| BARCLAYS PLC | Reduced | $6.0m200.0k shares |
| CITADEL ADVISORS LLC | Added | $5.1m169.8k shares |
| Artia Global Partners LP | New | $4.5m150.0k shares |
| DIADEMA PARTNERS LP | Reduced | $4.5m150.0k shares |
| JANE STREET GROUP, LLC | Added | $3.8m127.9k shares |
| DLD Asset Management, LP | Added | $2.7m89.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.3m308.4k shares |
| Caption Management, LLC | Reduced | $4.5m149.8k shares |
| DIADEMA PARTNERS LP | Unchanged | $3.7m123.3k shares |
| JANE STREET GROUP, LLC | Reduced | $3.3m110.8k shares |
| Ikarian Capital, LLC | Reduced | $2.8m92.6k shares |
| CITADEL ADVISORS LLC | Added | $2.7m90.8k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | Reduced | $992.6k33.0k shares |
| NOMURA HOLDINGS INC | Added | $896.4k29.8k shares |
| Walleye Capital LLC | Added | $836.2k27.8k shares |
| SILVERARC CAPITAL MANAGEMENT, LLC | New | $752.0k25.0k 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 |
|---|---|
| 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 Q3 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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2025 | 0 | — | 2 | $80.9k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-18 | Huizenga Theodore Alan SVP, Chief Accounting Officer | Sold | $1.9k64 shares |
| 2025-09-12 | Parschauer Karah Herdman EVP and Chief Legal Officer | Sold | $76.4k2.5k shares |
| 2025-09-05 | Huizenga Theodore Alan SVP, Chief Accounting Officer | Sold | $2.6k84 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 10.1m $304.8m | Reduced -80.7k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 8.0m $241.3m | Added +4.8m |
| FMR LLC 0.01% of their portfolio | 7.3m $219.1m | Added +4.7m |
| BlackRock, Inc. 0.00% of their portfolio | 6.4m $193.3m | Added +169.1k |
| SANDS CAPITAL MANAGEMENT, LLC 0.31% of their portfolio | 3.8m $113.4m | Reduced -173.6k |
| STATE STREET CORP 0.00% of their portfolio | 3.7m $111.1m | Added +1.1m |
| RTW INVESTMENTS, LP 1.21% of their portfolio | 3.3m $98.0m | Added +1.6m |
| BAKER BROS. ADVISORS LP 0.60% of their portfolio | 2.8m $83.4m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 2.3m $69.5m | Reduced -576.1k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.26% of their portfolio | 2.2m $65.2m | Added +1.9m |
| MONTANOVA CAPITAL, LLC 1.84% of their portfolio | 2.0m $60.7m | Reduced -259.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.9m $58.5m | Added +73.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.6m $47.6m | Reduced -132.4k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.5m $46.5m | Reduced -119.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.12% of their portfolio | 1.5m $46.5m | Added +93.1k |
| Pictet Asset Management Holding SA 0.04% of their portfolio | 1.5m $44.0m | Reduced -241.8k |
| Rock Springs Capital Management LP 2.19% of their portfolio | 1.2m $37.5m | Reduced -144.7k |
| GW&K Investment Management, LLC 0.31% of their portfolio | 1.2m $34.6m | Added +668.9k |
| Schonfeld Strategic Advisors LLC 0.24% of their portfolio | 1.1m $34.4m | Added +577.4k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.29% of their portfolio | 1.1m $32.2m | Added +543.6k |
| Frazier Life Sciences Management, L.P. 0.89% of their portfolio | 983.7k $29.6m | Unchanged |
| Aberdeen Group plc 0.05% of their portfolio | 973.7k $29.3m | Added +472.6k |
| MORGAN STANLEY 0.00% of their portfolio | 910.2k $27.4m | Added +271.3k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 840.5k $25.3m | Added +720.3k |
| Invesco Ltd. 0.00% of their portfolio | 794.8k $23.9m | Added +70.7k |
| Candriam S.C.A. 0.12% of their portfolio | 754.7k $22.7m | Added +228.4k |
| Vestal Point Capital, LP 1.02% of their portfolio | 750.0k $22.6m | New |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 746.2k $22.4m | Added +493.8k |
| Eagle Health Investments LP 5.50% of their portfolio | 697.0k $21.0m | Added +69.4k |
| Nuveen, LLC 0.01% of their portfolio | 682.1k $20.5m | Added +177.0k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 677.2k $20.4m | Added +202.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 655.0k $19.7m | Added +17.3k |
| Driehaus Capital Management LLC 0.13% of their portfolio | 603.4k $18.2m | Reduced -3.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 600.2k $18.1m | Reduced -15.8k |
| BRAIDWELL LP 0.53% of their portfolio | 588.7k $17.7m | New |
| Polar Capital Holdings Plc 0.08% of their portfolio | 583.7k $17.6m | Added +32.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 573.0k $17.2m | Added +347.2k |
| UBS Group AG 0.00% of their portfolio | 547.0k $16.5m | Added +106.6k |
| Alyeska Investment Group, L.P. 0.05% of their portfolio | 532.0k $16.0m | Reduced -897.4k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 517.7k $15.6m | Reduced -342.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 501.2k $15.1m | Added +14.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 499.2k $15.0m | Added +5.8k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 496.1k $14.9m | Reduced -1.6m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 482.6k $14.5m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 476.9k $14.3m | Added +50.9k |
| FRED ALGER MANAGEMENT, LLC 0.05% of their portfolio | 448.7k $13.5m | Added +18.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 430.0k $12.9m | Reduced -1.1m |
| BARCLAYS PLC 0.00% of their portfolio | 425.4k $12.8m | Added +246.7k |
| Blue Owl Capital Holdings LP 3.94% of their portfolio | 422.4k $12.7m | Added +167.2k |
| EMERALD ADVISERS, LLC 0.40% of their portfolio | 418.6k $12.6m | Reduced -42.8k |
| AXA Investment Managers S.A. 0.03% of their portfolio | 417.2k $12.5m | First filing |
| Legal & General Group Plc 0.00% of their portfolio | 402.8k $12.1m | Added +89.0k |
| MPM BIOIMPACT LLC 1.95% of their portfolio | 395.7k $11.9m | Unchanged |
| Palo Alto Investors LP 2.06% of their portfolio | 369.5k $11.1m | Added +320.8k |
| Motley Fool Wealth Management, LLC 0.73% of their portfolio | 355.5k $10.7m | Added +80.5k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 354.2k $10.7m | Added +242.4k |
| SPHERA FUNDS MANAGEMENT LTD. 2.52% of their portfolio | 352.6k $10.6m | Added +252.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 344.9k $10.4m | Reduced -45.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 331.0k $10.0m | Added +293.3k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 326.2k $9.8m | Reduced -250.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 324.8k $9.8m | Reduced -149.0k |
| ALGERT GLOBAL LLC 0.16% of their portfolio | 321.6k $9.7m | Added +205.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 298.9k $9.0m | Reduced -116.8k |
| Catalio Capital Management, LP 1.62% of their portfolio | 291.3k $8.8m | Added +77.9k |
| Privium Fund Management B.V. 1.57% of their portfolio | 289.8k $8.7m | Added +36.5k |
| WCM INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 288.1k $8.7m | Added +77.6k |
| First Light Asset Management, LLC 0.81% of their portfolio | 285.7k $8.6m | Reduced -262.2k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 280.5k $8.4m | Reduced -30.6k |
| Woodline Partners LP 0.04% of their portfolio | 273.3k $8.2m | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.16% of their portfolio | 270.0k $8.1m | Reduced -20.0k |
| Hudson Bay Capital Management LP 0.05% of their portfolio | 265.0k $8.0m | Added +6.3k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 252.7k $7.6m | Reduced -911.1k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.38% of their portfolio | 242.8k $7.3m | Reduced -52.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 237.6k $7.1m | Reduced -303.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 236.3k $7.1m | Added +216.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 234.1k $7.0m | Added +153.9k |
| Yiheng Capital Management, L.P. 2.25% of their portfolio | 225.8k $6.8m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 207.0k $6.2m | Reduced -93.9k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 200.7k $6.0m | Reduced -34.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 195.0k $5.9m | New |
| Aquatic Capital Management LLC 0.11% of their portfolio | 191.5k $5.8m | First filing |
| SEI INVESTMENTS CO 0.01% of their portfolio | 190.5k $5.7m | Added +100.3k |
| Ensign Peak Advisors, Inc 0.01% of their portfolio | 177.4k $5.3m | Added +141.3k |
| CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio | 177.1k $5.3m | Added +85.1k |
| Cubist Systematic Strategies, LLC 0.07% of their portfolio | 172.7k $5.2m | Added +87.4k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 168.1k $5.1m | Reduced -17.7k |
| Swiss National Bank 0.00% of their portfolio | 165.0k $5.0m | Added +3.9k |
| Caption Management, LLC 0.29% of their portfolio | 164.5k $4.9m | Reduced -73.0k |
| PDT Partners, LLC 0.30% of their portfolio | 156.7k $4.7m | Unchanged |
| Rafferty Asset Management, LLC 0.02% of their portfolio | 156.5k $4.7m | Added +75.4k |
| Clearbridge Investments, LLC 0.00% of their portfolio | 155.8k $4.7m | Reduced -2.0m |
| Trexquant Investment LP 0.05% of their portfolio | 155.4k $4.7m | Reduced -79.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 150.6k $4.6m | Reduced -185.6k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 146.1k $4.4m | Added +80.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 138.7k $4.2m | Added +29.4k |
| B Group, Inc. 3.88% of their portfolio | 135.0k $4.1m | Added +25.0k |
| Squarepoint Ops LLC 0.01% of their portfolio | 133.8k $4.0m | Added +112.1k |
| EFG Asset Management (North America) Corp. 0.50% of their portfolio | 128.0k $3.8m | Reduced -7.9k |
| SG Americas Securities, LLC 0.01% of their portfolio | 125.4k $3.8m | New |
| GILDER GAGNON HOWE & CO LLC 0.04% of their portfolio | 121.9k $3.7m | Reduced -1.2k |