VANDA PHARMACEUTICALS INC VNDA
COM · Common Stock · CUSIP 921659108 · ISIN US9216591084
Company in Washington D.C., United States
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersWashington, DC
- Founded2003
- Websitevandapharma.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 ($592.0k this quarter). Holder counts are more reliable. Shares outstanding: 60.5m as of 2026-07-30, 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 ≈ $6.12. Options: 4 managers hold calls ($2.2m notional), 4 hold puts ($479.8k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 178 |
| Q4 2022 | 190 |
| Q1 2023 | 179 |
| Q2 2023 | 189 |
| Q3 2023 | 181 |
| Q4 2023 | 158 |
| Q1 2024 | 145 |
| Q2 2024 | 149 |
| Q3 2024 | 153 |
| Q4 2024 | 147 |
| Q1 2025 | 147 |
| Q2 2025 | 141 |
| Q3 2025 | 150 |
| Q4 2025 | 153 |
| Q1 2026 | 171 |
| Q2 2026 | 172 |
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 | 69 | 73 |
| Q4 2024 | 68 | 69 |
| Q1 2025 | 64 | 69 |
| Q2 2025 | 66 | 74 |
| Q3 2025 | 74 | 63 |
| Q4 2025 | 64 | 87 |
| Q1 2026 | 107 | 69 |
| Q2 2026 | 95 | 80 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $811.9k | $1.8m | 2.16 |
| Q4 2025 | $10.5m | $1.0m | 0.10 |
| Q1 2026 | $5.8m | $1.1m | 0.18 |
| Q2 2026 | $2.2m | $479.8k | 0.22 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +1.9m |
| Qube Research & Technologies Ltd | New | +729.2k |
| MARSHALL WACE, LLP | Added | +630.0k |
| STATE STREET CORP | Added | +500.8k |
| BlackRock, Inc. | Added | +377.7k |
| Y-Intercept (Hong Kong) Ltd | New | +294.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +273.2k |
| GOLDMAN SACHS GROUP INC | Added | +198.0k |
| Point72 Asset Management, L.P. | Added | +149.8k |
| NORTHERN TRUST CORP | Added | +149.6k |
Biggest sellers
| Empire Financial Management Company, LLC | Sold out | -922.2k |
| AIGH Capital Management LLC | Reduced | -705.8k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -318.2k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -278.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -212.2k |
| JANE STREET GROUP, LLC | Sold out | -210.2k |
| Woodline Partners LP | Sold out | -207.7k |
| STATE OF WISCONSIN INVESTMENT BOARD | Sold out | -200.5k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -161.7k |
| Virtu Financial LLC | Reduced | -118.1k |
Biggest calls
| GROUP ONE TRADING LLC | Reduced | $1.1m179.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $587.5k96.0k shares |
| CITADEL ADVISORS LLC | Reduced | $437.0k71.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $58.8k9.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $239.3k39.1k shares |
| CITADEL ADVISORS LLC | Reduced | $126.7k20.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $101.6k16.6k shares |
| GROUP ONE TRADING LLC | Reduced | $12.2k2.0k 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 -7.5 pts · filed 2025-02-07 | 8.1% |
| MILLENNIUM MANAGEMENT LLC 13G · passive investor +1.4 pts · filed 2026-10-09 | 7.0% |
| BlackRock Portfolio Management LLC 13G · institution +1.7 pts · filed 2026-10-27 | 5.9% |
| AQR CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-08-13 | 5.8% |
| STATE STREET CORP 13G · institution new · filed 2026-05-12 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27)
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 | 0 | — | 1 | $25.9k | — |
| Q1 2025 | 2 | $343.7k | 0 | — | — |
| Q2 2025 | 1 | $128.4k | 1 | $32.1k | — |
| Q3 2025 | 1 | $41.5k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 6 | $2.8m | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 7.7m $46.8m | Added +377.7k |
| STATE STREET CORP 0.00% of their portfolio | 3.5m $21.5m | Added +500.8k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 3.5m $21.4m | Added +1.9m |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 3.4m $21.1m | Reduced -318.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.5m $15.4m | Added +42.5k |
| AIGH Capital Management LLC 1.13% of their portfolio | 2.0m $12.5m | Reduced -705.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 1.9m $11.7m | Added +122.5k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.7m $10.6m | Reduced -44.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.6m $9.8m | Reduced -278.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.5m $9.1m | Added +40.8k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 1.3m $8.3m | Reduced -49.1k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 1.2m $7.5m | Added +630.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.03% of their portfolio | 1.2m $7.4m | Added +44.6k |
| Krensavage Asset Management, LLC 2.74% of their portfolio | 1.2m $7.2m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 1.1m $6.9m | Added +116.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.0m $6.3m | Added +198.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 758.3k $4.6m | Added +124.9k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 729.2k $4.5m | New |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 714.3k $4.4m | Added +138.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 646.3k $4.0m | Added +94.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 600.6k $3.7m | Added +149.6k |
| MORGAN STANLEY 0.00% of their portfolio | 478.0k $2.9m | Added +37.2k |
| Lionhunter Capital Management, LLC 1.10% of their portfolio | 400.2k $2.4m | First filing |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 399.8k $2.4m | Added +11.9k |
| Jump Financial, LLC 0.02% of their portfolio | 339.9k $2.1m | Added +141.0k |
| Quantinno Capital Management LP 0.00% of their portfolio | 313.8k $1.9m | Reduced -13.4k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 311.4k $1.9m | Added +149.8k |
| UBS Group AG 0.00% of their portfolio | 303.2k $1.9m | Added +46.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 303.1k $1.9m | Added +273.2k |
| Y-Intercept (Hong Kong) Ltd 0.04% of their portfolio | 294.1k $1.8m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 292.7k $1.8m | Reduced -12.2k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 282.8k $1.7m | Added +124.7k |
| Susquehanna Portfolio Strategies, LLC 0.02% of their portfolio | 237.2k $1.5m | Reduced -24.9k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 234.8k $1.4m | Reduced -4.7k |
| Monaco Asset Management SAM 0.50% of their portfolio | 221.3k $1.4m | Reduced -20.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 216.8k $1.3m | Added +39.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 215.2k $1.3m | Reduced -161.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 212.7k $1.3m | Added +20.8k |
| Mariner, LLC 0.00% of their portfolio | 173.5k $1.1m | Added +93.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 169.8k $1.0m | Reduced -1.4k |
| Invesco Ltd. 0.00% of their portfolio | 159.6k $976.8k | Reduced -14.5k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 158.6k $970.6k | Added +9.3k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 155.2k $950.0k | Reduced -19.9k |
| Man Group plc 0.00% of their portfolio | 153.6k $939.8k | Added +73.5k |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 135.4k $828.6k | Unchanged |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 122.5k $750.0k | Added +56.8k |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 122.4k $749.3k | New |
| Trexquant Investment LP 0.00% of their portfolio | 121.1k $741.1k | Added +31.8k |
| Cerity Partners LLC 0.00% of their portfolio | 118.0k $722.0k | Added +49.6k |
| Nuveen, LLC 0.00% of their portfolio | 117.5k $719.1k | Unchanged |
| Corient Private Wealth LP 0.00% of their portfolio | 102.4k $626.4k | Reduced -269 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 101.7k $622.1k | Added +21.6k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 99.3k $607.6k | Added +22.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 98.3k $601.9k | Reduced -2.4k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 97.4k $525.2k | Added +49.1k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 95.0k $579.4k | Added +56.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 91.2k $558.0k | Added +840 |
| FMR LLC 0.00% of their portfolio | 87.5k $535.3k | Added +6.4k |
| STRS OHIO 0.00% of their portfolio | 85.1k $520.8k | Added +15.4k |
| CITIGROUP INC 0.00% of their portfolio | 82.2k $502.9k | Reduced -7.0k |
| BARCLAYS PLC 0.00% of their portfolio | 81.7k $499.7k | Added +841 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 77.2k $472.6k | Reduced -26.0k |
| Creative Planning 0.00% of their portfolio | 72.7k $444.7k | Added +39.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 72.0k $440.5k | Added +647 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 71.7k $495.7k | Added +18.7k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 64.9k $397.4k | Reduced -40.2k |
| Inscription Capital, LLC 0.03% of their portfolio | 63.9k $390.9k | Unchanged |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 63.7k $389.9k | Reduced -28.6k |
| PANAGORA ASSET MANAGEMENT INC 0.00% of their portfolio | 59.3k $363.1k | Reduced -54.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 52.5k $321.6k | Reduced -5.0k |
| MARTINGALE ASSET MANAGEMENT L P 0.01% of their portfolio | 52.3k $320.3k | Added +19.2k |
| HARBOR CAPITAL ADVISORS, INC. 0.02% of their portfolio | 51.4k $315.0k | Reduced -555 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 51.3k $314.0k | Added +24.0k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.00% of their portfolio | 49.4k $302.1k | Reduced -390 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 41.8k $256.0k | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 36.4k $222.9k | Added +34.3k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 36.4k $222.6k | Added +20.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 36.0k $220.3k | New |
| Engineers Gate Manager LP 0.00% of their portfolio | 34.5k $211.0k | Reduced -17.1k |
| WINTON GROUP Ltd 0.01% of their portfolio | 33.8k $206.9k | Reduced -11.0k |
| XTX Topco Ltd 0.00% of their portfolio | 33.3k $203.6k | New |
| PROFUND ADVISORS LLC 0.01% of their portfolio | 32.1k $196.5k | Reduced -9.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 32.1k $196.5k | Reduced -413 |
| Focus Partners Wealth 0.00% of their portfolio | 30.8k $188.4k | Added +16.6k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 30.6k $187.0k | Added +515 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 29.2k $178.6k | Reduced -212.2k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio | 28.3k $173.5k | Added +12.0k |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 26.6k $163.0k | Reduced -7.8k |
| Merit Financial Group, LLC 0.00% of their portfolio | 26.2k $160.1k | Added +15.0k |
| BRIGHTON JONES LLC 0.00% of their portfolio | 26.1k $159.6k | Added +13.6k |
| Jain Global LLC 0.00% of their portfolio | 25.2k $154.2k | New |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 24.4k $149.3k | Reduced -46.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 23.2k $141.8k | Reduced -46.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 23.1k $141.4k | Unchanged |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.00% of their portfolio | 22.6k $138.6k | Reduced -1.1k |
| DIKER MANAGEMENT LLC 0.10% of their portfolio | 21.9k $134.0k | Unchanged |
| SYON CAPITAL LLC 0.01% of their portfolio | 20.4k $124.9k | New |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 20.1k $123.0k | Reduced -1.5k |
| Pallas Capital Advisors LLC 0.00% of their portfolio | 18.6k $113.9k | New |
| Optiver Holding B.V. 0.00% of their portfolio | 18.1k $110.7k | Reduced -2.2k |