Vault-13

XOMA ROYALTY CORPORATION XOMA

COM NEW · Common Stock · CUSIP 98419J206

98 institutional holders +13 vs Q1 2026
17,031,71417.0m shares reported held*
$723.7mreported value*
28 new 26 added 22 reduced 15 sold out net bought ≈ $295.8m (+7.0m 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 ($12.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $42.49. Options: 4 managers hold calls ($1.4m notional), 9 hold puts ($11.5m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 45Q4 22: 50Q1 23: 51Q2 23: 59Q3 23: 54Q4 23: 60Q1 24: 58Q2 24: 61Q3 24: 68Q4 24: 66Q1 25: 66Q2 25: 67Q3 25: 74Q4 25: 74Q1 26: 85Q2 26: 9898Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202245
Q4 202250
Q1 202351
Q2 202359
Q3 202354
Q4 202360
Q1 202458
Q2 202461
Q3 202468
Q4 202466
Q1 202566
Q2 202567
Q3 202574
Q4 202574
Q1 202685
Q2 202698

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 28 bought or addedQ3 24: 19 cut or sold outQ4 24: 26 bought or addedQ4 24: 20 cut or sold outQ4 24Q1 25: 25 bought or addedQ1 25: 29 cut or sold outQ2 25: 41 bought or addedQ2 25: 14 cut or sold outQ2 25Q3 25: 40 bought or addedQ3 25: 23 cut or sold outQ4 25: 36 bought or addedQ4 25: 26 cut or sold outQ4 25Q1 26: 45 bought or addedQ1 26: 26 cut or sold outQ2 26: 54 bought or addedQ2 26: 37 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242819
Q4 20242620
Q1 20252529
Q2 20254114
Q3 20254023
Q4 20253626
Q1 20264526
Q2 20265437

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 25 calls: $3.0kQ3 25 puts: $11.0kQ3 25P/C 3.67Q4 25 calls: $21.3kQ4 25 puts: $2.7kQ4 25P/C 0.12Q1 26 calls: $2.0mQ1 26 puts: $6.3kQ1 26P/C 0.00Q2 26 calls: $1.4mQ2 26 puts: $11.5mQ2 26P/C 8.25
Numbers
QuarterCallsPutsP/C
Q3 2025$3.0k$11.0k3.67
Q4 2025$21.3k$2.7k0.12
Q1 2026$2.0m$6.3k0.00
Q2 2026$1.4m$11.5m8.25

Biggest buyers

BVF INC/IL Added +5,003,000+5.0m
Newtyn Management, LLC New +709,247+709.2k
Woodline Partners LP Added +474,362+474.4k
FMR LLC Added +302,558+302.6k
WATER ISLAND CAPITAL LLC New +242,000+242.0k
ALPINE ASSOCIATES MANAGEMENT INC. New +239,318+239.3k
HSBC HOLDINGS PLC New +149,523+149.5k
TUDOR INVESTMENT CORP ET AL New +84,391+84.4k
Verition Fund Management LLC New +70,601+70.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +66,233+66.2k

Biggest sellers

GW&K Investment Management, LLC Sold out -232,141-232.1k
TLS Advisors LLC Reduced -72,702-72.7k
CITADEL ADVISORS LLC Reduced -70,178-70.2k
Stonepine Capital Management, LLC Sold out -69,500-69.5k
PANAGORA ASSET MANAGEMENT INC Sold out -58,662-58.7k
UBS Group AG Reduced -48,690-48.7k
HighVista Strategies LLC Sold out -46,814-46.8k
VANGUARD CAPITAL MANAGEMENT LLC Reduced -44,631-44.6k
CM Management, LLC Sold out -40,000-40.0k
STATE OF WISCONSIN INVESTMENT BOARD Sold out -28,894-28.9k

Biggest calls

TORNO CAPITAL, LLC Not comparable $794.8k18.7k shares
JANE STREET GROUP, LLC Reduced $306.0k7.2k shares
SIMPLEX TRADING, LLC Reduced $229.5k5.4k shares
CSS LLC/IL New $59.5k1.4k shares

Biggest puts

Groupe la Francaise New $2.2m52.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $2.1m50.4k shares
TORNO CAPITAL, LLC Not comparable $1.7m41.0k shares
JANE STREET GROUP, LLC New $1.4m32.1k shares
MILLENNIUM MANAGEMENT LLC New $1.3m30.2k shares
EQUITEC PROPRIETARY MARKETS, LLC New $1.2m28.0k shares
GROUP ONE TRADING LLC New $1.2m27.2k shares
SIMPLEX TRADING, LLC Added $352.8k8.3k shares
FNY Investment Advisers, LLC New $11.0k276 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
LIGAND PHARMACEUTICALS INC 13D · may seek influence new · filed 2026-05-01
Stated purposeItems 3 and 5 are incorporated by reference in this Item 4 as if fully set forth herein. The purpose of the Merger (as defined below) is for Ligand to acquire control of, and the entire equity interest in, the Issuer. Merger Agreement On April 27, 2026, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Ligand and Flex Merger Sub, Inc., a Nevada corporation and wholly-owned subsidiary of Ligand ("Merger Sub") pursuant to which, and upon the terms and subject to the conditions thereof, including, without limitation, effecting the Holding Company Reorganization (as defined below), Merger Sub will merge with and into HoldCo (as defined below) (the "Merger"), with HoldCo surviving the Merger as a wholly owned subsidiary of Ligand. Pursuant to the Merger Ag… Full filing
 47.0% new 8.1m≈ $342.7m 2026-05-01
Woodline Partners LP 13G · institution new · filed 2026-05-15 5.4% new 640.0k≈ $27.2m 2026-05-15

Fell to 5% or below in the last year: FMR LLC (0.0%, 2026-08-07), MORGAN STANLEY (0.0%, 2026-08-07), VANGUARD CAPITAL MANAGEMENT LLC (3.2%, 2026-07-31), BlackRock, Inc. (3.9%, 2026-07-30), BIOTECHNOLOGY VALUE FUND L P (0.0%, 2026-07-16), VANGUARD GROUP INC (0.0%, 2026-03-27)

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BVF INC/IL 8.25% of their portfolio San Francisco, CA 7,593,3037.6m $322.7m $322.7m 8.25% Added +5.0m +5,003,000
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,697,1671.7m $72.1m $72.1m 0.00% Reduced -5.0k -4,990
3 FMR LLC 0.00% of their portfolio BOSTON, MA 1,605,5321.6m $68.2m $68.2m 0.00% Added +302.6k +302,558
4 Woodline Partners LP 0.15% of their portfolio San Francisco, CA 1,114,3631.1m $47.4m $47.4m 0.15% Added +474.4k +474,362
5 Newtyn Management, LLC 3.76% of their portfolio NEW YORK, NY 709,247709.2k $30.1m $30.1m 3.76% New
6 BlackRock, Inc. 0.00% of their portfolio New York, NY 691,971692.0k $29.4m $29.4m 0.00% Added +45.1k +45,057
7 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 505,165505.2k $21.5m $21.5m 0.00% Reduced -44.6k -44,631
8 Opaleye Management Inc. 1.30% of their portfolio BOSTON, MA 338,374338.4k $14.4m $14.4m 1.30% Added +38.4k +38,374
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 245,321245.3k $10.4m $10.4m 0.00% Added +15.6k +15,555
10 WATER ISLAND CAPITAL LLC 1.09% of their portfolio NEW YORK, NY 242,000242.0k $10.3m $10.3m 1.09% New
11 ALPINE ASSOCIATES MANAGEMENT INC. 0.64% of their portfolio PALM BEACH, FL 239,318239.3k $10.2m $10.2m 0.64% New
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 197,764197.8k $8.4m $8.4m 0.00% Added +4.6k +4,616
13 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 196,307196.3k $8.3m $8.3m 0.01% Reduced -8.6k -8,613
14 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 177,106177.1k $7.5m $7.5m 0.00% Added +43.7k +43,746
15 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 149,523149.5k $6.3m $6.3m 0.00% New
16 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 96,17996.2k $4.1m $4.1m 0.00% Added +2.7k +2,689
17 VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 90,34890.3k $3.8m $3.8m 0.00% Added +4.6k +4,551
18 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 84,39184.4k $3.6m $3.6m 0.01% New
19 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 83,62383.6k $3.6m $3.6m 0.00% Added +66.2k +66,233
20 TORNO CAPITAL, LLC 0.23% of their portfolio COHASSET, MA 80,00080.0k $3.4m $3.4m 0.23% Not comparable
21 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 75,34875.3k $3.2m $3.2m 0.00% Added +364 +364
22 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 70,60170.6k $3.0m $3.0m 0.02% New
23 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 70,18970.2k $3.0m $3.0m 0.00% Added +3.5k +3,525
24 Simcoe Capital LLC 1.76% of their portfolio SPOKANE, WA 68,05368.1k $2.9m $2.9m 1.76% Unchanged
25 TLS Advisors LLC 5.27% of their portfolio MIAMI, FL 42,16542.2k $1.8m $1.8m 5.27% Reduced -72.7k -72,702
26 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 36,74436.7k $1.6m $1.6m 0.00% Added +10.7k +10,669
27 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 35,04635.0k $1.5m $1.5m 0.02% New
28 CREDIT INDUSTRIEL ET COMMERCIAL 0.16% of their portfolio PARIS FRANCE, I0 34,85334.9k $1.5m $1.5m 0.16% New
29 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 34,62134.6k $1.5m $1.5m 0.00% New
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 30,01830.0k $1.3m $1.3m 0.00% Added +26.0k +26,026
31 RBF Capital, LLC 0.05% of their portfolio RENO, NV 30,00030.0k $1.3m $1.3m 0.05% Unchanged
32 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 28,46028.5k $1.2m $1.2m 0.00% Reduced -70.2k -70,178
33 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 28,07828.1k $1.2m $1.2m 0.00% Added +927 +927
34 SIERRA SUMMIT ADVISORS LLC 0.12% of their portfolio INCLINE VILLAGE, NV 25,74025.7k $1.1m $1.1m 0.12% New
35 UBS Group AG 0.00% of their portfolio ZURICH, V8 23,84323.8k $1.0m $1.0m 0.00% Reduced -48.7k -48,690
36 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 20,12220.1k $855.2k $855.2k 0.00% Reduced -3.9k -3,876
37 CSS LLC/IL 0.04% of their portfolio CHICAGO, IL 19,56119.6k $831.3k $831.3k 0.04% New
38 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 18,38818.4k $781.5k $781.5k 0.00% Added +5.7k +5,682
39 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 18,19218.2k $773.2k $773.2k 0.00% Added +3.7k +3,673
40 MARTINGALE ASSET MANAGEMENT L P 0.01% of their portfolio BOSTON, MA 12,20012.2k $518.5k $518.5k 0.01% New
41 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 11,45111.5k $486.7k $486.7k 0.00% Reduced -254 -254
42 Yakira Capital Management, Inc. 0.13% of their portfolio Westport, CT 10,31110.3k $438.2k $438.2k 0.13% New
43 DIVERSIFIED MANAGEMENT INC 0.09% of their portfolio MILWAUKEE, WI 10,00010.0k $425.0k $425.0k 0.09% Unchanged
44 REGIONS FINANCIAL CORP 0.00% of their portfolio BIRMINGHAM, AL 9,2509.2k $393.1k $393.1k 0.00% Unchanged
45 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 9,1399.1k $388.4k $388.4k 0.00% Added +692 +692
46 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,4958.5k $361.0k $361.0k 0.00% Added +4.6k +4,630
47 Kintayl Capital LP 0.17% of their portfolio NEW YORK, NY 8,4768.5k $360.2k $360.2k 0.17% New
48 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 7,6207.6k $239.0k $239.0k 0.00% New
49 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 7,0057.0k $298.0k $298.0k 0.00% Added +202 +202
50 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,8786.9k $292.3k $292.3k 0.00% Reduced -4.1k -4,140
51 PRELUDE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 6,0666.1k $257.8k $257.8k 0.02% New
52 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 5,6825.7k $241.5k $241.5k 0.00% New
53 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 5,6775.7k $241.3k $241.3k 0.00% Unchanged
54 Jain Global LLC 0.00% of their portfolio NEW YORK, NY 5,5005.5k $233.8k $233.8k 0.00% New
55 PenderFund Capital Management Ltd. 0.03% of their portfolio VANCOUVER, A1 5,2005.2k $221.0k $221.0k 0.03% New
56 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,9965.0k $212.3k $212.3k 0.00% Reduced -1.8k -1,786
57 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 4,9585.0k $210.7k $210.7k 0.00% New
58 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 4,8914.9k $207.9k $207.9k 0.01% New
59 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 4,7624.8k $202.4k $202.4k 0.00% Added +2.4k +2,400
60 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,5604.6k $193.8k $193.8k 0.00% Added +3.8k +3,807
61 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 4,5114.5k $192.0k $192.0k 0.00% New
62 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 4,2584.3k $181.0k $181.0k 0.00% Reduced -342 -342
63 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 4,0464.0k $172.0k $172.0k 0.00% Unchanged
64 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 3,2333.2k $137.4k $137.4k 0.00% Added +2.4k +2,414
65 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 2,8562.9k $121.4k $121.4k 0.00% Unchanged
66 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 2,1392.1k $90.9k $90.9k 0.00% New
67 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,5921.6k $67.7k $67.7k 0.00% Reduced -601 -601
68 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,4001.4k $59.5k $59.5k 0.00% Reduced -565 -565
69 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,2171.2k $51.7k $51.7k 0.00% Reduced -2.2k -2,227
70 State of Alaska, Department of Revenue 0.00% of their portfolio JUNEAU, AK 1,0501.1k $44.0k $44.0k 0.00% Unchanged
71 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 959959 $40.8k $40.8k 0.00% Unchanged
72 Legal & General Group Plc 0.00% of their portfolio London, X0 854854 $36.3k $36.3k 0.00% Unchanged
73 Costello Asset Management, INC 0.01% of their portfolio FEASTERVILLE, PA 600600 $25.5k $25.5k 0.01% Unchanged
74 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 587587 $25.0k $25.0k 0.00% Reduced -415 -415
75 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 470470 $20.0k $20.0k 0.00% Reduced -102 -102
76 NATIXIS 0.00% of their portfolio PARIS, I0 372372 $15.8k $15.8k 0.00% Unchanged
77 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 366366 $15.6k $15.6k 0.00% Added +347 +347
78 Truvestments Capital LLC 0.00% of their portfolio SARASOTA, FL 290290 $12.3k $12.3k 0.00% Unchanged
79 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 283283 $12.0k $12.0k 0.00% Unchanged
80 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 152152 $6.5k $6.5k 0.00% Unchanged
81 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 128128 $5.4k $5.4k 0.00% Reduced -386 -386
82 Quarry LP 0.00% of their portfolio NEW YORK, NY 8686 $3.7k $3.7k 0.00% New
83 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 7878 $3.3k $3.3k 0.00% Reduced -67 -67
84 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 6868 $2.9k $2.9k 0.00% New
85 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 6767 $2.8k $2.8k 0.00% Unchanged
86 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 4747 $2.0k $2.0k 0.00% Reduced -43 -43
87 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 3131 $1.3k $1.3k 0.00% Unchanged
88 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 2525 $1.1k $1.1k 0.00% Reduced -34 -34
89 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2121 $893 $893 0.00% Added +18 +18
90 MH & ASSOCIATES SECURITIES MANAGEMENT CORP /ADV 0.00% of their portfolio CARLSBAD, CA 2020 $850 $850 0.00% Unchanged
91 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 1010 $425 $425 0.00% Unchanged
92 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 1010 $425 $425 0.00% Reduced -4 -4
93 Covestor Ltd 0.00% of their portfolio LONDON, X0 88 $0 $0 0.00% New
94 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 88 $340 $340 0.00% New
95 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 77 $299 $299 0.00% Reduced -18 -18
96 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 33 $128 $128 0.00% Unchanged
97 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 33 $128 $128 0.00% New
98 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 11 $43 $43 0.00% Unchanged