Vault-13

XOMA ROYALTY CORPORATION XOMA

COM NEW · Common Stock · CUSIP 98419J206

67 institutional holders +1 vs Q1 2025
8,179,3828.2m shares reported held*
$205.6mreported value*
8 new 33 added 7 reduced 7 sold out net bought ≈ $7.8m (+329.7k 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 ($40.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.14. Options: 2 managers hold calls ($37.0k notional), 2 hold puts ($20.2k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 45Q4 22: 50Q1 23: 51Q2 23: 59Q3 23: 54Q4 23: 60Q1 24: 58Q2 24: 61Q3 24: 68Q4 24: 66Q1 25: 66Q2 25: 6767Q3 22Q2 23Q1 24Q4 24Q2 25
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

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 16 bought or addedQ3 23: 22 cut or sold outQ4 23: 24 bought or addedQ4 23: 24 cut or sold outQ4 23Q1 24: 20 bought or addedQ1 24: 27 cut or sold outQ2 24: 27 bought or addedQ2 24: 18 cut or sold outQ2 24Q3 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 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231622
Q4 20232424
Q1 20242027
Q2 20242718
Q3 20242819
Q4 20242620
Q1 20252529
Q2 20254114

Calls vs puts

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

CallsPuts
$0$20k$40k$60k$80kQ3 24 calls: $2.6kQ3 24 puts: $71.5kQ3 24P/C 27.00Q4 24 calls: $31.5kQ4 24 puts: $68.3kQ4 24P/C 2.17Q1 25 calls: $4.0kQ1 25 puts: $23.9kQ1 25P/C 6.00Q2 25 calls: $37.0kQ2 25 puts: $20.2kQ2 25P/C 0.54
Numbers
QuarterCallsPutsP/C
Q3 2024$2.6k$71.5k27.00
Q4 2024$31.5k$68.3k2.17
Q1 2025$4.0k$23.9k6.00
Q2 2025$37.0k$20.2k0.54

Biggest buyers

MORGAN STANLEY Added +422,678+422.7k
VANGUARD GROUP INC Added +179,725+179.7k
BlackRock, Inc. Added +58,885+58.9k
Stonepine Capital Management, LLC Added +22,330+22.3k
OCCUDO QUANTITATIVE STRATEGIES LP New +20,925+20.9k
PANAGORA ASSET MANAGEMENT INC New +18,379+18.4k
GEODE CAPITAL MANAGEMENT, LLC Added +16,929+16.9k
LOS ANGELES CAPITAL MANAGEMENT LLC New +14,676+14.7k
Woodline Partners LP Added +11,680+11.7k
UBS Group AG Added +11,277+11.3k

Biggest sellers

BVF INC/IL Reduced -392,723-392.7k
Eversept Partners, LP Sold out -45,017-45.0k
MILLENNIUM MANAGEMENT LLC Sold out -14,054-14.1k
GOLDMAN SACHS GROUP INC Sold out -11,523-11.5k
Squarepoint Ops LLC Sold out -10,307-10.3k
CITADEL ADVISORS LLC Sold out -9,638-9.6k
FMR LLC Reduced -8,782-8.8k
Acuitas Investments, LLC Sold out -5,674-5.7k
Corebridge Financial, Inc. Sold out -3,984-4.0k
CITIGROUP INC Reduced -2,018-2.0k

Biggest calls

SIMPLEX TRADING, LLC New $37.0k1.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

GROUP ONE TRADING LLC Added $20.2k800 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BVF INC/IL 2.33% of their portfolio San Francisco, CA 2,590,3032.6m $65.3m $65.3m 2.33% Reduced -392.7k -392,723
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,544,9671.5m $38.9m $38.9m 0.00% Added +422.7k +422,678
3 FMR LLC 0.00% of their portfolio BOSTON, MA 1,079,5881.1m $27.2m $27.2m 0.00% Reduced -8.8k -8,782
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 638,813638.8k $16.1m $16.1m 0.00% Added +179.7k +179,725
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 591,673591.7k $14.9m $14.9m 0.00% Added +58.9k +58,885
6 Opaleye Management Inc. 1.30% of their portfolio BOSTON, MA 255,087255.1k $6.4m $6.4m 1.30% Added +2.0k +2,044
7 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 203,601203.6k $5.1m $5.1m 0.00% Added +16.9k +16,929
8 Woodline Partners LP 0.02% of their portfolio San Francisco, CA 180,230180.2k $4.5m $4.5m 0.02% Added +11.7k +11,680
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 153,483153.5k $3.9m $3.9m 0.00% Added +8.8k +8,755
10 Stonepine Capital Management, LLC 3.78% of their portfolio Bend, OR 152,143152.1k $3.8m $3.8m 3.78% Added +22.3k +22,330
11 TLS Advisors LLC 9.36% of their portfolio MIAMI, FL 119,044119.0k $3.0m $3.0m 9.36% Unchanged
12 HighVista Strategies LLC 1.06% of their portfolio BOSTON, MA 114,548114.5k $2.9m $2.9m 1.06% Unchanged
13 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 94,22294.2k $2.4m $2.4m 0.00% Added +5.2k +5,170
14 CM Management, LLC 1.47% of their portfolio GULF BREEZE, FL 64,00064.0k $1.6m $1.6m 1.47% Unchanged
15 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 59,79059.8k $1.5m $1.5m 0.00% Added +1.9k +1,877
16 RBF Capital, LLC 0.04% of their portfolio RENO, NV 30,61630.6k $771.5k $771.5k 0.04% Unchanged
17 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 27,92127.9k $705.8k $705.8k 0.00% Added +6.0k +6,039
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 26,37526.4k $664.6k $664.6k 0.00% Added +3.2k +3,217
19 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio HOUSTON, TX 26,20026.2k $660.2k $660.2k 0.02% Unchanged
20 OCCUDO QUANTITATIVE STRATEGIES LP 0.00% of their portfolio FORT LAUDERDALE, FL 20,92520.9k $1.3k $1.3k 0.00% New
21 PANAGORA ASSET MANAGEMENT INC 0.00% of their portfolio BOSTON, MA 18,37918.4k $463.2k $463.2k 0.00% New
22 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 16,64016.6k $419.3k $419.3k 0.00% Added +7.7k +7,744
23 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 16,30816.3k $411.0k $411.0k 0.00% Added +1.8k +1,775
24 UBS Group AG 0.00% of their portfolio ZURICH, V8 16,11016.1k $406.0k $406.0k 0.00% Added +11.3k +11,277
25 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 14,67614.7k $369.8k $369.8k 0.00% New
26 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 13,24913.2k $333.9k $333.9k 0.00% Added +2.0k +2,019
27 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 12,70612.7k $320.2k $320.2k 0.00% Reduced -1.7k -1,657
28 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 11,90011.9k $299.9k $299.9k 0.00% Reduced -1.8k -1,800
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,55911.6k $291.3k $291.3k 0.00% Added +1.3k +1,305
30 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,2609.3k $234.0k $234.0k 0.00% Added +3.5k +3,510
31 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 8,4768.5k $213.6k $213.6k 0.00% Added +2.0k +2,043
32 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,3875.4k $135.7k $135.7k 0.00% Added +841 +841
33 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 5,3005.3k $133.6k $133.6k 0.00% Added +929 +929
34 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 5,1405.1k $129.5k $129.5k 0.00% Added +270 +270
35 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 4,8194.8k $121.0k $121.0k 0.00% New
36 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 4,6004.6k $115.9k $115.9k 0.00% New
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,4404.4k $111.9k $111.9k 0.00% Added +543 +543
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,2004.2k $105.8k $105.8k 0.00% Reduced -757 -757
39 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,7133.7k $93.6k $93.6k 0.00% Reduced -2.0k -2,018
40 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,4793.5k $87.7k $87.7k 0.00% Added +26 +26
41 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 3,4663.5k $87.0k $87.0k 0.00% Unchanged
42 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 2,3622.4k $59.5k $59.5k 0.00% Unchanged
43 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 2,2732.3k $57.3k $57.3k 0.00% Added +1.5k +1,523
44 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 1,6141.6k $40.7k $40.7k 0.00% Unchanged
45 NATIXIS 0.00% of their portfolio PARIS, I0 1,4621.5k $36.8k $36.8k 0.00% Reduced -62 -62
46 Legal & General Group Plc 0.00% of their portfolio London, X0 976976 $24.6k $24.6k 0.00% Added +124 +124
47 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 959959 $24.2k $24.2k 0.00% Added +355 +355
48 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 900900 $22.7k $22.7k 0.00% Unchanged
49 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 880880 $22.2k $22.2k 0.00% Added +418 +418
50 Costello Asset Management, INC 0.01% of their portfolio FEASTERVILLE, PA 600600 $15.1k $15.1k 0.01% Unchanged
51 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 582582 $14.7k $14.7k 0.00% Unchanged
52 Truvestments Capital LLC 0.00% of their portfolio SARASOTA, FL 290290 $7.3k $7.3k 0.00% Unchanged
53 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 247247 $6.0k $6.0k 0.00% Unchanged
54 CWM, LLC 0.00% of their portfolio OMAHA, NE 120120 $3.0k $3.0k 0.00% Added +95 +95
55 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 102102 $2.6k $2.6k 0.00% Added +15 +15
56 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 9494 $2.4k $2.4k 0.00% Added +35 +35
57 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 7979 $2.0k $2.0k 0.00% New
58 Covestor Ltd 0.00% of their portfolio LONDON, X0 5858 $1.0k $1.0k 0.00% Added +58 +58
59 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2222 $554 $554 0.00% New
60 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 1919 $479 $479 0.00% Added +11 +11
61 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 1212 $302 $302 0.00% Unchanged
62 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 33 $76 $76 0.00% Unchanged
63 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 33 $76 $76 0.00% Unchanged
64 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 22 $50 $50 0.00% Unchanged
65 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 11 $26 $26 0.00% Unchanged
66 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged
67 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 00 $75 $75 0.00% New