AARD · Aardvark Therapeutics, Inc.

$5.79 -0.83 (-12.54%) At close · Aug 28

Market Cap

$126.71M

21.88M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Quarter:

Holders: 72

Total Value: $54,889,317

Total Shares: 9,529,403

Institutional Ownership Trend

6 quarters

Holder Concentration

Across 72 13F filers · Δ vs Mar 31, 2026

Top Holder

41.1%

+3.0 pts

Top 5

77.0%

+3.1 pts

Top 10

89.2%

+2.7 pts

HHI

2,108

Moderately concentrated+262

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -8

Institutional value: +41.7%

Shares held: -7.2%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega AQR CAPITAL MANAGEMENT LLC	+345,754	480,249
Mega RAYMOND JAMES FINANCIAL INC	+68,394	79,284
Mid CANTOR FITZGERALD, L. P.	+49,900	116,582
Mega CITADEL ADVISORS LLC	+46,589	1,342,266
Mega JANE STREET GROUP, LLC	+25,664	45,664

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mega BlackRock, Inc.	−605,526	187,045
Mega GEODE CAPITAL MANAGEMENT, LLC	−159,605	149,844
Mega STATE STREET CORP	−140,049	59,273
Mega UBS Group AG	−122,249	35,639
Mega NORTHERN TRUST CORP	−60,519	28,080

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Mid EcoR1 Capital, LLC	410,894	$2,366,749
Mid J. Goldman & Co LP	40,500	$233,280
Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP	24,025	$138,384
Large Point72 Asset Management, L.P.	22,872	$131,742
Large Mariner, LLC	21,784	$125,475

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Small Tetragon Partners GP Ltd	316,621	$1,193,661
Mega VANGUARD PORTFOLIO MANAGEMENT LLC	75,149	$283,311
Large RENAISSANCE TECHNOLOGIES LLC	70,792	$266,885
Small SILVERARC CAPITAL MANAGEMENT, LLC	33,684	$126,988
Mega Bank of New York Mellon Corp	29,320	$110,535

Filter: New 18 Increased 21 Reduced 24 Sold out 26 Unchanged 9

Showing 75 of 75

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Decheng Capital LLC

$22,563,642

41.11%

3,917,299

CITADEL ADVISORS LLC

$7,391,035

13.47%

1,283,166

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	40,889	$235,520	3.2%	Defined
Held directly	1,242,277	$7,155,515	96.8%	Defined

Laurion Capital Management LP

$5,958,483

10.86%

1,034,459

VANGUARD CAPITAL MANAGEMENT LLC

$3,242,171

5.91%

562,877

AQR CAPITAL MANAGEMENT LLC

$2,766,231

5.04%

480,249

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Petros Family Wealth, LLC	15	$86	0.0%	Other
RF&L WEALTH MANAGEMENT, LLC	1	$5	0.0%	Other
Compound Planning, Inc.	1	$5	0.0%	Other
Arax Advisory Partners	7,636	$43,983	1.6%	Other
HALBERT HARGROVE GLOBAL ADVISORS, LLC	1,987	$11,445	0.4%	Other
Stokes Family Office, LLC	891	$5,132	0.2%	Other
Held directly	469,718	$2,705,575	97.8%	Defined

EcoR1 Capital, LLC

$2,282,077

4.16%

396,194

ADAGE CAPITAL PARTNERS GP, L.L.C.

$1,728,000

3.15%

300,000

BlackRock, Inc.

$1,077,378

1.96%

187,045

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BlackRock Investment Management, LLC	2,725	$15,696	1.5%	Sole
BlackRock Fund Advisors	132,669	$764,173	70.9%	Sole
BlackRock Institutional Trust Company, N.A.	36,458	$209,998	19.5%	Sole
BlackRock Asset Management Ireland Ltd	15,153	$87,281	8.1%	Sole
Aperio Group, LLC	40	$230	0.0%	Sole

GEODE CAPITAL MANAGEMENT, LLC

$863,100

1.57%

149,844

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	27,868	$160,519	18.6%	Defined
Held directly	121,976	$702,581	81.4%	Defined

CANTOR FITZGERALD, L. P.

$671,512

1.22%

116,582

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Cantor Fitzgerald & Co.	49,900	$287,424	42.8%	Defined
Held directly	66,682	$384,088	57.2%	Defined

TWO SIGMA INVESTMENTS, LP

$624,251

1.14%

108,377

RAYMOND JAMES FINANCIAL INC

$456,675

0.83%

79,284

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	4,774	$27,498	6.0%	Defined
Raymond James Financial Services Advisors, Inc.	74,510	$429,177	94.0%	Defined

VANGUARD FIDUCIARY TRUST CO

$432,990

0.79%

75,172

Woodline Partners LP

$417,191

0.76%

72,429

MILLENNIUM MANAGEMENT LLC

$402,900

0.73%

69,948

STATE STREET CORP

$341,412

0.62%

59,273

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SSGA FUNDS MANAGEMENT, INC. joint	59,273	$341,412	100.0%	Defined

CITADEL ADVISORS LLC

$340,416

0.62%

59,100

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	59,100	$340,416	100.0%	Defined

J. Goldman & Co LP

$233,280

0.43%

40,500

IEQ CAPITAL, LLC

$221,080

0.40%

38,382

UBS Group AG

$205,280

0.37%

35,639

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS AG	31,112	$179,205	87.3%	Defined
UBS Securities LLC	4,527	$26,075	12.7%	Defined

MORGAN STANLEY

$173,818

0.32%

30,177

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	1,263	$7,274	4.2%	Defined
MORGAN STANLEY & CO. LLC	600	$3,456	2.0%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	22,714	$130,832	75.3%	Defined
MORGAN STANLEY SMITH BARNEY LLC	5,600	$32,256	18.6%	Defined

NORTHERN TRUST CORP

$161,740

0.29%

28,080

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	28,080	$161,740	100.0%	Defined

CITIGROUP INC

$151,482

0.28%

26,299

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	26,299	$151,482	100.0%	Defined

Cresset Asset Management, LLC

$138,430

0.25%

24,033

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$138,384

0.25%

24,025

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	24,025	$138,384	100.0%	Other

BRIDGEWAY CAPITAL MANAGEMENT, LLC

$138,240

0.25%

24,000

JANE STREET GROUP, LLC

$133,632

0.24%

23,200

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	23,200	$133,632	100.0%	Defined

Point72 Asset Management, L.P.

$131,742

0.24%

22,872

JANE STREET GROUP, LLC

$129,392

0.24%

22,464

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	11,716	$67,484	52.2%	Defined
Jane Street Global Trading, LLC	10,748	$61,908	47.8%	Defined

Mariner, LLC

$125,475

0.23%

21,784

SMITH, MOORE & CO.

$115,200

0.21%

20,000

XTX Topco Ltd

$114,554

0.21%

19,888

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	19,888	$114,554	100.0%	Defined

MARSHALL WACE, LLP

$109,876

0.20%

19,076

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Marshall Wace North America L.P. joint	19,076	$109,876	100.0%	Other

FMR LLC

$108,887

0.20%

18,904

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	18,904	$108,887	100.0%	Defined

SIMPLEX TRADING, LLC

$91,681

0.17%

15,917

EcoR1 Capital, LLC

$84,672

0.15%

14,700

PRELUDE CAPITAL MANAGEMENT, LLC

$71,573

0.13%

12,426

GOLDMAN SACHS GROUP INC

$70,508

0.13%

12,241

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	12,241	$70,508	100.0%	Defined

MERCER GLOBAL ADVISORS INC /ADV

$66,032

0.12%

11,464

Cerity Partners LLC

$62,040

0.11%

10,771

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

$60,099

0.11%

10,434

Abel Hall, LLC

$57,980

0.11%

10,066

Arax Advisory Partners

$48,234

0.09%

8,374

Vanguard Global Advisers, LLC

$33,943

0.06%

5,893

Steward Partners Investment Advisory, LLC

$23,904

0.04%

4,150

China Universal Asset Management Co., Ltd.

$19,998

0.04%

3,472

Tower Research Capital LLC (TRC)

$14,405

0.03%

2,501

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Latour Trading LLC (Latour)	2,501	$14,405	100.0%	Defined

BARCLAYS PLC

$13,011

0.02%

2,259

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	1,575	$9,072	69.7%	Defined
BARCLAYS CAPITAL INC.	684	$3,939	30.3%	Defined

Integrated Wealth Concepts LLC

$11,191

0.02%

1,943

JPMORGAN CHASE & CO

$10,275

0.02%

1,784

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JPMorgan Chase Bank, N.A.	54	$311	3.0%	Defined
J.P. Morgan Securities plc	1,730	$9,964	97.0%	Defined

BNP PARIBAS ARBITRAGE, SA

$7,534

0.01%

1,308

Russell Investments Group, Ltd.

$7,136

0.01%

1,239

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investment Management, LLC	1,239	$7,136	100.0%	Defined

Stone House Investment Management, LLC

$5,760

0.01%

1,000

Mirae Asset Global Investments Co., Ltd.

$5,621

0.01%

976

Allworth Financial LP

$4,682

0.01%

813

EverSource Wealth Advisors, LLC

$4,456

0.01%

774

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BMSS Wesson Wealth Solutions, LLC	6	$34	0.8%	Sole
Held directly	768	$4,422	99.2%	Sole

FEDERATED HERMES, INC.

$3,720

0.01%

646

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FEDERATED MDTA LLC	646	$3,720	100.0%	Defined

Essential Partners LLC

$2,931

0.01%

509

GF FUND MANAGEMENT CO. LTD.

$2,603

0.00%

452

IFP Advisors, Inc

$2,574

0.00%

447

Hilton Head Capital Partners, LLC

$2,499

0.00%

434

GAMMA Investing LLC

$2,234

0.00%

388

PNC FINANCIAL SERVICES GROUP, INC.

$2,010

0.00%

349

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PNC Bank, National Association	349	$2,010	100.0%	Defined

ROTHSCHILD INVESTMENT LLC

$1,526

0.00%

265

ROYAL BANK OF CANADA

$973

0.00%

169

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	150	$864	88.8%	Defined
Held directly	19	$109	11.2%	Sole

True Wealth Design, LLC

$933

0.00%

162

Farther Finance Advisors, LLC

$881

0.00%

153

NISA INVESTMENT ADVISORS, LLC

$403

0.00%

Fortitude Family Office, LLC

$322

0.00%

HARBOUR INVESTMENTS, INC.

$305

0.00%

Wealth Enhancement Trust Services, Inc.

$276

0.00%

Clearstead Advisors, LLC

$224

0.00%

SJS Investment Consulting Inc.

$92

0.00%

Transamerica Financial Advisors, LLC

$80

0.00%

JPL Wealth Management, LLC

$40

0.00%

Key facts CIK 1774857 CUSIP 002942100 13F (30d) 59 filings 59 filers Visit website Investor relations