Vault-13

VISTAGEN THERAPEUTICS INC VTGN

COM · Common Stock · CUSIP 92840H400

49 institutional holders -7 vs Q1 2026
11,777,85811.8m shares reported held*
$2.5mreported value*
10 new 15 added 14 reduced 16 sold out net sold ≈ $695.3k (-3.6m shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $0.22. Options: 9 managers hold calls ($333.1k notional), 5 hold puts ($32.4k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q2 23: 33Q3 23: 35Q4 23: 46Q1 24: 42Q2 24: 43Q3 24: 48Q4 24: 55Q1 25: 49Q2 25: 52Q3 25: 58Q4 25: 55Q1 26: 56Q2 26: 4949Q2 23Q1 24Q4 24Q3 25Q2 26
Numbers
QuarterHolders
Q2 202333
Q3 202335
Q4 202346
Q1 202442
Q2 202443
Q3 202448
Q4 202455
Q1 202549
Q2 202552
Q3 202558
Q4 202555
Q1 202656
Q2 202649

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 24: 17 bought or addedQ3 24: 17 cut or sold outQ4 24: 30 bought or addedQ4 24: 18 cut or sold outQ4 24Q1 25: 15 bought or addedQ1 25: 27 cut or sold outQ2 25: 23 bought or addedQ2 25: 15 cut or sold outQ2 25Q3 25: 33 bought or addedQ3 25: 17 cut or sold outQ4 25: 31 bought or addedQ4 25: 31 cut or sold outQ4 25Q1 26: 28 bought or addedQ1 26: 23 cut or sold outQ2 26: 25 bought or addedQ2 26: 30 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241717
Q4 20243018
Q1 20251527
Q2 20252315
Q3 20253317
Q4 20253131
Q1 20262823
Q2 20262530

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3mQ3 25 calls: $2.7mQ3 25 puts: $574.5kQ3 25P/C 0.21Q4 25 calls: $776.0kQ4 25 puts: $643.8kQ4 25P/C 0.83Q1 26 calls: $321.4kQ1 26 puts: $25.5kQ1 26P/C 0.08Q2 26 calls: $333.1kQ2 26 puts: $32.4kQ2 26P/C 0.10
Numbers
QuarterCallsPutsP/C
Q3 2025$2.7m$574.5k0.21
Q4 2025$776.0k$643.8k0.83
Q1 2026$321.4k$25.5k0.08
Q2 2026$333.1k$32.4k0.10

Biggest buyers

Commodore Capital LP New +2,788,620+2.8m
RENAISSANCE TECHNOLOGIES LLC Added +439,200+439.2k
TWO SIGMA INVESTMENTS, LP Added +378,373+378.4k
GROUP ONE TRADING LLC Added +284,510+284.5k
ACADIAN ASSET MANAGEMENT LLC Added +204,916+204.9k
AdvisorShares Investments LLC Added +161,533+161.5k
Verdad Advisers, LP Added +108,405+108.4k
CITADEL ADVISORS LLC New +68,839+68.8k
Virtu Financial LLC New +66,021+66.0k
OSAIC HOLDINGS, INC. Added +39,755+39.8k

Biggest sellers

ORBIMED ADVISORS LLC Sold out -3,060,000-3.1m
TCG Crossover Management, LLC Sold out -2,676,580-2.7m
STEMPOINT CAPITAL LP Reduced -616,749-616.7k
MILLENNIUM MANAGEMENT LLC Sold out -430,404-430.4k
ADAR1 Capital Management, LLC Reduced -400,000-400.0k
Shay Capital LLC Sold out -144,452-144.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -142,607-142.6k
JANE STREET GROUP, LLC Reduced -107,984-108.0k
TUDOR INVESTMENT CORP ET AL Sold out -106,172-106.2k
DIADEMA PARTNERS LP Sold out -105,428-105.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $95.5k415.4k shares
MILLENNIUM MANAGEMENT LLC Added $69.3k306.6k shares
SIMPLEX TRADING, LLC Added $42.1k186.4k shares
TUDOR INVESTMENT CORP ET AL New $37.7k167.0k shares
CITADEL ADVISORS LLC Reduced $33.7k149.0k shares
GROUP ONE TRADING LLC Added $24.0k106.2k shares
JANE STREET GROUP, LLC Added $17.3k76.5k shares
DIADEMA PARTNERS LP New $13.0k57.7k shares
Persistent Asset Partners Ltd New $394147 shares

Biggest puts

SIMPLEX TRADING, LLC Added $12.7k56.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $10.2k44.3k shares
JANE STREET GROUP, LLC New $5.5k24.5k shares
CITADEL ADVISORS LLC Reduced $3.4k15.1k shares
GROUP ONE TRADING LLC New $5202.3k 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.

HolderStakeChangeShares Last filed
TCG Crossover GP II, LLC 13G · passive investor filed 2026-05-15 10.0% 4.1m≈ $926.6k 2026-05-15
BIOTECHNOLOGY VALUE FUND L P 13G · passive investor filed 2025-02-14 10.0% 3.1m≈ $697.1k 2025-02-14
Commodore Capital LP 13G · passive investor no change · filed 2026-08-14 9.9% no change 4.2m≈ $959.3k 2026-08-14
TCG Crossover GP I, LLC 13G · passive investor filed 2026-08-14 6.7% 3.0m≈ $669.1k 2026-08-14

Fell to 5% or below in the last year: ORBIMED ADVISORS LLC (0.0%, 2026-08-14), JANUS HENDERSON GROUP PLC (0.0%, 2026-02-17), GREAT POINT PARTNERS LLC (5.0%, 2026-02-17), STEMPOINT CAPITAL LP (1.5%, 2026-02-17), Nantahala Capital Management, LLC (4.7%, 2026-02-13), VANGUARD GROUP INC (4.6%, 2026-01-30)

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.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Commodore Capital LP 0.04% of their portfolio NEW YORK, NY 2,788,6202.8m $630.2k $630.2k 0.04% New
2 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 1,574,2001.6m $355.8k $355.8k 0.00% Unchanged
3 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 847,992848.0k $191.6k $191.6k 0.00% Added +378.4k +378,373
4 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 794,579794.6k $178.0k $178.0k 0.00% Added +204.9k +204,916
5 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 730,500730.5k $165.1k $165.1k 0.00% Added +439.2k +439,200
6 STEMPOINT CAPITAL LP 0.00% of their portfolio NEW YORK, NY 616,749616.7k $17.3k $17.3k 0.00% Reduced -616.7k -616,749
7 Ikarian Capital, LLC 0.02% of their portfolio DALLAS, TX 519,077519.1k $117.3k $117.3k 0.02% Unchanged
8 AdvisorShares Investments LLC 0.01% of their portfolio BETHESDA, MD 438,643438.6k $99.1k $99.1k 0.01% Added +161.5k +161,533
9 LUMINUS MANAGEMENT LLC 0.06% of their portfolio HOUSTON, TX 403,115403.1k $91.1k $91.1k 0.06% Added +7.1k +7,062
10 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 365,002365.0k $82.5k $82.5k 0.00% Reduced -88.4k -88,389
11 ADAR1 Capital Management, LLC 0.00% of their portfolio AUSTIN, TX 351,141351.1k $79.4k $79.4k 0.00% Reduced -400.0k -400,000
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 345,432345.4k $78.1k $78.1k 0.00% Reduced -103.1k -103,075
13 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 304,385304.4k $68.8k $68.8k 0.00% Added +284.5k +284,510
14 Verdad Advisers, LP 0.06% of their portfolio BOSTON, MA 293,343293.3k $66.3k $66.3k 0.06% Added +108.4k +108,405
15 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 217,700217.7k $49.2k $49.2k 0.00% Unchanged
16 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 164,827164.8k $37.3k $37.3k 0.00% Reduced -108.0k -107,984
17 BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 134,571134.6k $30.4k $30.4k 0.00% Unchanged
18 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 121,114121.1k $27.4k $27.4k 0.00% Unchanged
19 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 118,380118.4k $26.8k $26.8k 0.00% Reduced -34.5k -34,469
20 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 80,82380.8k $18.3k $18.3k 0.00% Added +8.2k +8,168
21 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 68,83968.8k $15.6k $15.6k 0.00% New
22 Virtu Financial LLC 0.00% of their portfolio New York, NY 66,02166.0k $15.0k $15.0k 0.00% New
23 UBS Group AG 0.00% of their portfolio ZURICH, V8 57,83057.8k $13.1k $13.1k 0.00% Reduced -20.9k -20,906
24 GSA CAPITAL PARTNERS LLP 0.00% of their portfolio LONDON, X0 54,58454.6k $12.0k $12.0k 0.00% Added +4.7k +4,742
25 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 43,88843.9k $10.1k $10.1k 0.00% Added +39.8k +39,755
26 Confluence Wealth Services, Inc. 0.00% of their portfolio MCMURRAY, PA 32,61032.6k $7.4k $7.4k 0.00% New
27 Scientech Research LLC 0.01% of their portfolio JERSEY CITY, NJ 30,28330.3k $6.8k $6.8k 0.01% New
28 R Squared Ltd 0.00% of their portfolio HONG KONG, K3 27,74527.7k $6.3k $6.3k 0.00% New
29 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 26,00026.0k $5.9k $5.9k 0.00% Unchanged
30 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 20,62820.6k $4.7k $4.7k 0.00% Unchanged
31 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 18,13618.1k $4.1k $4.1k 0.00% Added +16.6k +16,564
32 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 16,57016.6k $3.7k $3.7k 0.00% New
33 Truvestments Capital LLC 0.00% of their portfolio SARASOTA, FL 15,54015.5k $3.5k $3.5k 0.00% Reduced -1.5k -1,452
34 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 15,00015.0k $3.4k $3.4k 0.00% New
35 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 14,85114.9k $3.4k $3.4k 0.00% Reduced -33 -33
36 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 14,29514.3k $3.2k $3.2k 0.00% Reduced -75.4k -75,354
37 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 12,00012.0k $2.8k $2.8k 0.00% New
38 StoneX Group Inc. 0.00% of their portfolio NEW YORK, NY 10,84010.8k $6.6k $6.6k 0.00% Reduced -4.4k -4,358
39 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 10,80910.8k $2.4k $2.4k 0.00% Unchanged
40 Performa Ltd (US), LLC 0.00% of their portfolio CHARLESTON, SC 5,5005.5k $1.2k $1.2k 0.00% Reduced -2.0k -2,000
41 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,8223.8k $864 $864 0.00% Added +3.8k +3,821
42 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 556556 $126 $126 0.00% New
43 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 500500 $0 $0 0.00% Reduced -1.6k -1,627
44 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 298298 $67 $67 0.00% Added +297 +297
45 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 289289 $65 $65 0.00% Added +1 +1
46 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 114114 $80 $80 0.00% Unchanged
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8282 $62 $62 0.00% Added +66 +66
48 Fairman Group, LLC 0.00% of their portfolio CHESTERBROOK, PA 2929 $7 $7 0.00% Unchanged
49 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 66 $1 $1 0.00% Reduced -7 -7