Black Diamond Therapeutics, Inc.

BDTX • NASDAQ

Black Diamond Therapeutics, Inc. is a biotechnology company in the healthcare sector on NASDAQ, led by Mark A. Velleca, M.D., Ph.D., with a market cap of $159.0M. As of Q3 2025, 68% of shares are held by 89 institutional investors, with T. Rowe Price Investment Management, Inc. as the largest holder at 18.87%.

President and Chief Executive OfficerMark A. Velleca, M.D., Ph.D.

Market Cap$159.0M

Biotechnology

Healthcare

Employees54.0

Websiteblackdiamondtherapeutics.com

Country

United States of America

Overview

Overview of institutional ownership in BDTX as of Q3 2025 with a market cap of $215.8M

All Institutions

Institutions: 89
Value Held: $147.0M
Shares Held: 38.8M
Avg Position: $1.7M
Median Position: $138.4K

Hedge Funds

Hedge Funds: 12
Value Held: $34.2M
Shares Held: 9.0M
Avg Position: $2.9M
Median Position: $814.5K

Ownership Breakdown

Institutional (non-HF)

52.26%

$112.8M

Hedge Funds

15.85%

$34.2M

Retail & Other

31.89%

$68.8M

Based on market cap of $215.8M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BDTX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$40.7M 0.03% of portfolio	18.87% 10.7M shares	Q3 2023 Held for 2y 2m	$161.58B
Vestal Point Capital, LP Hedge Fund•Long/Short	Ryan Christopher Wilder CIO	$21.0M 1.07% of portfolio	9.75% 5.6M shares	Q2 2024 Held for 1y 5m	$2.0B
NEA Management Company, LLC Venture Capital	Mohamad Hassan Makhzoumi CEO	$16.9M 0.93% of portfolio	7.81% 4.4M shares	Q1 2020 Held for 5y 8m	$1.8B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$8.3M 0.00% of portfolio	3.84% 2.2M shares	Q1 2020 Held for 5y 8m	$6.69T
T TANG CAPITAL MANAGEMENT LLC Institution	-	$7.8M 0.31% of portfolio	3.64% 2.1M shares	Q3 2023 Held for 2y 2m	$2.5B
Marshall Wace LLP Institution	Diana Lj Harrison President	$4.9M 0.01% of portfolio	2.28% 1.3M shares	Q2 2025 Held for 5 months	$90.3B
S Siren, L.L.C. Institution	-	$4.0M 0.17% of portfolio	1.84% 1.0M shares	Q3 2024 Held for 1y 2m	$2.4B
B BlackRock, Inc. Institution	-	$3.9M 0.00% of portfolio	1.81% 1.0M shares	Q1 2020 Held for 5y 8m	$5.67T
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$3.4M 0.00% of portfolio	1.58% 896.9K shares	Q2 2025 Held for 5 months	$158.92B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$3.2M 0.00% of portfolio	1.49% 850.3K shares	Q1 2020 Held for 5y 8m	$121.98B

Net Capital Flow

Institutional buying and selling activity for BDTX in Q3 2025

Traded: +$6.9M
Buyers: 53
Sellers: 41
Total Bought: +$19.1M
Total Sold: −$12.2M
Avg Position: $1.3M

Biggest Buyers

Institution	Net Bought	Current Position
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$2.9M +758.7K shares	$3.4M 896.9K shares
Marshall Wace LLP Institution	+$2.1M +561.3K shares	$4.9M 1.3M shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$1.8M +481.1K shares	$1.8M 481.1K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$1.6M +432.3K shares	$2.3M 599.4K shares
NORTHERN TRUST CORP Institution	+$1.3M +336.6K shares	$1.8M 488.1K shares
UBS Group AG Institution	+$1.2M +314.7K shares	$2.4M 628.4K shares
GLOBEFLEX CAPITAL L P Long Only Manager	+$1.2M +305.3K shares	$1.2M 305.3K shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$879.2K +232.0K shares	$40.7M 10.7M shares
Susquehanna Portfolio Strategies, LLC Private Equity	+$583.4K +153.9K shares	$800.0K 211.1K shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Long Only Manager	+$539.8K +142.4K shares	$539.8K 142.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
B Bellevue Group AG Institution	−$6.8M −2.7M shares	Sold Off 0 shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	−$803.5K −324.0K shares	Sold Off 0 shares
D DAFNA Capital Management LLC Hedge Fund•Event Driven	−$621.3K −163.9K shares	$1.2M 307.1K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$459.5K −185.3K shares	Sold Off 0 shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	−$444.4K −117.3K shares	$465.3K 122.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$358.2K −94.5K shares	$3.2M 850.3K shares
BROWN WEALTH MANAGEMENT, LLC RIA/Wealth	−$299.7K −79.1K shares	$79.3K 20.9K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$297.8K −120.1K shares	Sold Off 0 shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$251.3K −66.3K shares	$65.1K 17.2K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$248.0K −100.0K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BDTX in Q3 2025

New Positions: 12
New Value: $2.7M
Exited Positions: 23
Exited Value: $9.2M

New Positions

Institution	Position Value
GLOBEFLEX CAPITAL L P Long Only Manager	$1.2M 305.3K shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Long Only Manager	$539.8K 142.4K shares
Comprehensive Portfolio Management, LLC RIA/Wealth	$384.6K 101.5K shares
Hillsdale Investment Management Inc. Long Only Manager	$241.1K 63.6K shares
S State of Wyoming Institution	$92.1K 24.3K shares
Kathmere Capital Management, LLC RIA/Wealth	$92.0K 24.3K shares
LEUCADIA NATIONAL CORP Institution	$86.4K 22.8K shares
E Ethic Inc. RIA/Wealth	$59.1K 15.6K shares
Q Quadrature Capital Ltd Institution	$43.1K 11.4K shares
W WEBSTER BANK, N. A. Institution	$22.7K 6.0K shares

Exited Positions

Institution	Previous Position
B Bellevue Group AG Institution	$6.8M 2.7M shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$803.5K 324.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$459.5K 185.3K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$297.8K 120.1K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$248.0K 100.0K shares
Aster Capital Management Ltd RIA/Wealth	$121.9K 49.2K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$115.4K 46.6K shares
IEQ CAPITAL, LLC RIA/Wealth	$88.2K 35.5K shares
T Tower Research Capital LLC Institution	$52.2K 21.0K shares
BAILARD, INC. RIA/Wealth	$39.2K 15.8K shares

Options Activity

Institutions with the largest Call and Put options positions in BDTX as of Q3 2025

Call Positions: 1
Call Value: $260.4K
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$260.4K 687.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with BDTX as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Vestal Point Capital, LP Hedge Fund•Long/Short	Ryan Christopher Wilder CIO	1.07% $21.0M	9.75% 5.6M shares	Q2 2024 Held for 1y 5m	$2.0B
NEA Management Company, LLC Venture Capital	Mohamad Hassan Makhzoumi CEO	0.93% $16.9M	7.81% 4.4M shares	Q1 2020 Held for 5y 8m	$1.8B
T TANG CAPITAL MANAGEMENT LLC Institution	-	0.31% $7.8M	3.64% 2.1M shares	Q3 2023 Held for 2y 2m	$2.5B
D DAFNA Capital Management LLC Hedge Fund•Event Driven	Nathan Fischel CEO	0.29% $1.2M	0.54% 307.1K shares	Q3 2024 Held for 1y 2m	$397.7M
A AWM Investment Company, Inc. Hedge Fund•Event Driven	David Michael Greenhouse President	0.21% $2.3M	1.05% 600.0K shares	Q1 2025 Held for 8 months	$1.1B
GLOBEFLEX CAPITAL L P Long Only Manager	Marina Loretta Marrelli CEO	0.18% $1.2M	0.54% 305.3K shares	Q3 2025 Held for 2 months	$644.8M
S Siren, L.L.C. Institution	-	0.17% $4.0M	1.84% 1.0M shares	Q3 2024 Held for 1y 2m	$2.4B
X XTX Topco Ltd Institution	-	0.04% $819.4K	0.38% 216.2K shares	Q4 2024 Held for 11 months	$1.9B
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	David Khabie-Zeitoune CEO	0.04% $465.3K	0.22% 122.8K shares	Q2 2025 Held for 5 months	$1.1B
DLK Investment Management, LLC RIA/Wealth	Donald Ogden Dempster President	0.03% $76.6K	0.04% 20.2K shares	Q4 2023 Held for 1y 11m	$265.5M

Hedge Fund Spotlight

Discover hedge funds investing in BDTX

AWM Investment Company, Inc.

Hedge Fund • Event Driven

Portfolio ManagerDavid Michael Greenhouse

Portfolio Value: $1.1B
Positions: 101
Last Reported: Q3 2025

Sector Allocation

Position in Black Diamond Therapeutics, Inc.

Market Value: $2.3M
Shares Held: 600.0K
Portfolio Weight: 0.21%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Aehr Test Systems AEHR	Semiconductors Technology	$47.2M	4.43%
2 908 Devices MASS	Medical - Devices Healthcare	$45.6M	4.27%
3 American Superconductor AMSC	Industrial - Machinery Industrials	$44.3M	4.15%