Carlsmed, Inc. Common Stock
CARL • NASDAQ
Carlsmed, Inc. Common Stock is a publicly traded company on NASDAQ, led by Michael John Cordonnier, with a market cap of $360.1M. As of Q3 2025, 18% of shares are held by 47 institutional investors, with ORBIMED ADVISORS LLC as the largest holder at 4.71%.
CEOMichael John Cordonnier
Market Cap$360.1M
Websitecarlsmed.com
Overview
Overview of institutional ownership in CARL as of Q3 2025 with a market cap of $355.9M
All Institutions
- Institutions
- 47
- Value Held
- $62.4M
- Shares Held
- 4.7M
- Avg Position
- $1.3M
- Median Position
- $278.0K
Hedge Funds
- Hedge Funds
- 9
- Value Held
- $25.7M
- Shares Held
- 1.9M
- Avg Position
- $2.9M
- Median Position
- $669.5K
Ownership Breakdown
Based on market cap of $355.9M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in CARL as of Q3 2025
| Institution | Position Value |
|---|---|
 ORBIMED ADVISORS LLC Hedge Fund•Sector | $16.8M 0.41% of portfolio |
 HENDERSON GROUP PLC Institution | $14.6M 0.01% of portfolio |
 BlackRock, Inc. Institution | $5.2M 0.00% of portfolio |
A Avidity Partners Management LP Hedge Fund•Long/Short | $4.3M 1.00% of portfolio |
 VANGUARD GROUP INC Institution | $3.0M 0.00% of portfolio |
T TEACHER RETIREMENT SYSTEM OF TEXAS Institution | $2.3M 0.01% of portfolio |
R Russell Investments Group, Ltd. RIA/Wealth | $2.1M 0.00% of portfolio |
T TD Waterhouse Canada Inc. Institution | $2.0M 0.01% of portfolio |
 GEODE CAPITAL MANAGEMENT LLC ETF Provider | $2.0M 0.00% of portfolio |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $1.5M 0.00% of portfolio |
Net Capital Flow
Institutional buying and selling activity for CARL in Q3 2025
- Traded
- +$62.4M
- Buyers
- 47
- Sellers
- 0
- Total Bought
- +$62.4M
- Total Sold
- −-
- Avg Position
- $1.3M
Biggest Buyers
| Institution | Net Bought |
|---|---|
ORBIMED ADVISORS LLC Hedge Fund•Sector | +$16.8M +1.3M shares |
HENDERSON GROUP PLC Institution | +$14.6M +1.1M shares |
BlackRock, Inc. Institution | +$5.2M +385.4K shares |
A Avidity Partners Management LP Hedge Fund•Long/Short | +$4.3M +321.9K shares |
VANGUARD GROUP INC Institution | +$3.0M +227.2K shares |
T TEACHER RETIREMENT SYSTEM OF TEXAS Institution | +$2.3M +175.0K shares |
R Russell Investments Group, Ltd. RIA/Wealth | +$2.1M +158.9K shares |
T TD Waterhouse Canada Inc. Institution | +$2.0M +152.2K shares |
GEODE CAPITAL MANAGEMENT LLC ETF Provider | +$2.0M +147.5K shares |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | +$1.5M +110.0K shares |
Biggest Sellers
| Institution | Net Sold | |
|---|---|---|
| No sellers found | ||
Entry and Exit Activity
Institutions that initiated new positions or completely exited CARL in Q3 2025
- New Positions
- 48
- New Value
- $62.4M
- Exited Positions
- 0
- Exited Value
- -
New Positions
| Institution | Position Value |
|---|---|
ORBIMED ADVISORS LLC Hedge Fund•Sector | $16.8M 1.3M shares |
HENDERSON GROUP PLC Institution | $14.6M 1.1M shares |
BlackRock, Inc. Institution | $5.2M 385.4K shares |
A Avidity Partners Management LP Hedge Fund•Long/Short | $4.3M 321.9K shares |
VANGUARD GROUP INC Institution | $3.0M 227.2K shares |
T TEACHER RETIREMENT SYSTEM OF TEXAS Institution | $2.3M 175.0K shares |
R Russell Investments Group, Ltd. RIA/Wealth | $2.1M 158.9K shares |
T TD Waterhouse Canada Inc. Institution | $2.0M 152.2K shares |
GEODE CAPITAL MANAGEMENT LLC ETF Provider | $2.0M 147.5K shares |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $1.5M 110.0K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
| No exited positions found | |
Options Activity
Institutions with the largest Call and Put options positions in CARL as of Q3 2025
- Call Positions
- 0
- Call Value
- -
- Put Positions
- 0
- Put Value
- -
Call Positions
| Institution | Position Value |
|---|---|
| No call positions found | |
Put Positions
| Institution | Position Value |
|---|---|
| No put positions found | |
Most Committed Institutions
Institutions with CARL as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
A Avidity Partners Management LP Hedge Fund•Long/Short | 1.00% $4.3M |
ORBIMED ADVISORS LLC Hedge Fund•Sector | 0.41% $16.8M |
 Monashee Investment Management LLC Hedge Fund•Sector | 0.29% $535.6K |
0.04% $335.2K | |
 Burkehill Global Management, LP Hedge Fund•Event Driven | 0.04% $669.5K |
 Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy | 0.04% $669.5K |
Z Zimmer Partners, LP Hedge Fund•Long/Short | 0.02% $669.5K |
 KORNITZER CAPITAL MANAGEMENT INC /KS Long Only Manager | 0.01% $736.5K |
T TD Waterhouse Canada Inc. Institution | 0.01% $2.0M |
T TEACHER RETIREMENT SYSTEM OF TEXAS Institution | 0.01% $2.3M |
Hedge Fund Spotlight
Discover hedge funds investing in CARL
Monashee Investment Management LLC
Hedge Fund • Sector
Portfolio ManagerThomas Joseph Wynn
- Portfolio Value
- $186.0M
- Positions
- 55
- Last Reported
- Q3 2025
Sector Allocation
Position in Carlsmed, Inc. Common Stock
- Market Value
- $535.6K
- Shares Held
- 40.0K
- Portfolio Weight
- 0.29%
- Owned Since
- 2025-Q3
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Biotechnology Healthcare | $10.4M | 5.58% | |
Apparel - Footwear & Accessories Consumer Cyclical | $10.4M | 5.57% | |
Unknown Unknown | $9.6M | 5.18% |
