Cidara Therapeutics

CDTX • NASDAQ

Cidara Therapeutics is a biotechnology company in the healthcare sector on NASDAQ, led by Jeffrey L. Stein, with a market cap of $6.9B. As of Q3 2025, 128% of shares are held by 172 institutional investors, with RA CAPITAL MANAGEMENT, LLC as the largest holder at 13.27%.

President and Chief Executive OfficerJeffrey L. Stein

Market Cap$6.9B

Biotechnology

Healthcare

Employees73.0

Websitecidara.com

Country

United States of America

Overview

Overview of institutional ownership in CDTX as of Q3 2025 with a market cap of $2.4B

All Institutions

Institutions: 172
Value Held: $3.1B
Shares Held: 32.4M
Avg Position: $18.1M
Median Position: $2.1M

Hedge Funds

Hedge Funds: 46
Value Held: $1.3B
Shares Held: 13.4M
Avg Position: $28.0M
Median Position: $13.9M

Ownership Breakdown

Institutional (non-HF)

74.94%

$1.8B

Hedge Funds

52.95%

$1.3B

Retail & Other

Based on market cap of $2.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CDTX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
RA CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Michael Saulnier CFO	$322.3M 4.00% of portfolio	13.27% 3.4M shares	Q3 2024 Held for 1y 2m	$8.1B
B Bain Capital Life Sciences Investors, LLC Institution	-	$289.3M 19.22% of portfolio	11.91% 3.0M shares	Q3 2024 Held for 1y 2m	$1.5B
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	Steven Alan Cohen CEO	$151.1M 0.35% of portfolio	6.22% 1.6M shares	Q4 2024 Held for 11 months	$43.2B
B BVF INC/IL Institution	-	$135.4M 5.49% of portfolio	5.58% 1.4M shares	Q2 2018 Held for 7y 5m	$2.5B
Vivo Capital, LLC Venture Capital	Frank Fang-Chien Kung Managing Partner	$125.6M 10.11% of portfolio	5.17% 1.3M shares	Q4 2024 Held for 11 months	$1.2B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$117.8M 0.00% of portfolio	4.85% 1.2M shares	Q2 2015 Held for 10y 5m	$6.69T
B BlackRock, Inc. Institution	-	$111.6M 0.00% of portfolio	4.60% 1.2M shares	Q2 2015 Held for 10y 5m	$5.67T
D Darwin Global Management, Ltd. Institution	-	$95.0M 2.64% of portfolio	3.93% 997.2K shares	Q2 2025 Held for 5 months	$3.6B
Paradigm Biocapital Advisors LP Hedge Fund•Long/Short	Dr. Senai Nmn Asefaw CIO	$92.0M 2.72% of portfolio	3.79% 961.2K shares	Q3 2025 Held for 2 months	$3.4B
VR Adviser, LLC Venture Capital	Jessica Tong Baron CFO	$90.7M 5.10% of portfolio	3.73% 946.8K shares	Q4 2024 Held for 11 months	$1.8B

Net Capital Flow

Institutional buying and selling activity for CDTX in Q3 2025

Net Flow: +$277.8M
Buyers: 55
Sellers: 42
Total Bought: +$630.4M
Total Sold: −$352.6M
Avg Position: $24.1M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$63.9M +666.8K shares	$74.3M 775.5K shares
B BVF INC/IL Institution	+$60.1M +627.8K shares	$135.4M 1.4M shares
STATE STREET CORP Institution	+$51.3M +535.8K shares	$74.0M 772.8K shares
B Bain Capital Life Sciences Investors, LLC Institution	+$49.8M +520.3K shares	$289.3M 3.0M shares
JENNISON ASSOCIATES LLC Long Only Manager	+$33.2M +346.8K shares	$37.9M 396.0K shares
FARALLON CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$29.5M +308.0K shares	$48.6M 508.0K shares
VR Adviser, LLC Venture Capital	+$29.5M +307.7K shares	$90.7M 946.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$29.0M +303.0K shares	$56.9M 594.0K shares
UBS Group AG Institution	+$28.3M +295.6K shares	$45.3M 473.6K shares
GOLDMAN SACHS GROUP INC Institution	+$25.4M +265.3K shares	$25.9M 270.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
A ADAGE CAPITAL PARTNERS GP LLC Institution	−$62.2M −650.0K shares	$43.1M 450.0K shares
COMMODORE CAPITAL LP Hedge Fund•Long/Short	−$56.5M −590.0K shares	$56.0M 585.0K shares
TCG Crossover Management, LLC Venture Capital	−$49.0M −1.0M shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$48.4M −505.2K shares	$36.2M 378.2K shares
Caption Management, LLC Hedge Fund•Long/Short	−$22.8M −238.2K shares	$2.9M 29.8K shares
S Sofinnova Ventures Inc Venture Capital	−$18.8M −196.8K shares	$5.2M 54.2K shares
Ikarian Capital, LLC Hedge Fund•Event Driven	−$17.9M −186.8K shares	$26.6M 277.7K shares
StemPoint Capital LP Hedge Fund•Long/Short	−$11.0M −114.4K shares	$14.6M 152.3K shares
Vestal Point Capital, LP Hedge Fund•Long/Short	−$9.6M −100.0K shares	$38.3M 400.0K shares
LEUCADIA NATIONAL CORP Institution	−$8.1M −85.0K shares	$35.0M 365.0K shares

Entry and Exit Activity

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

New Positions: 59
New Value: $366.7M
Exited Positions: 12
Exited Value: $58.2M

New Positions

Institution	Position Value
Paradigm Biocapital Advisors LP Hedge Fund•Long/Short	$92.0M 961.2K shares
F FRED ALGER MANAGEMENT INC Long Only Manager	$48.2M 502.9K shares
Holocene Advisors, LP Hedge Fund•Long/Short	$46.7M 487.2K shares
M MAVERICK CAPITAL LTD Hedge Fund•Long/Short	$40.0M 417.6K shares
SAMLYN CAPITAL, LLC Hedge Fund•Multi-Strategy	$29.5M 308.0K shares
Atika Capital Management LLC Hedge Fund•Long/Short	$15.1M 157.3K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$13.2M 138.1K shares
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	$12.4M 130.0K shares
LORD, ABBETT & CO. LLC Long Only Manager	$10.5M 109.7K shares
Octagon Capital Advisors LP Hedge Fund•Sector	$9.6M 100.0K shares

Exited Positions

Institution	Previous Position
TCG Crossover Management, LLC Venture Capital	$49.0M 1.0M shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$3.1M 63.2K shares
A AXA Institution	$3.0M 61.2K shares
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	$1.2M 25.0K shares
A AMERICAN CENTURY COMPANIES INC Institution	$790.1K 16.2K shares
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	$448.0K 9.2K shares
X XTX Topco Ltd Institution	$414.6K 8.5K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$287.4K 5.9K shares
Aster Capital Management Ltd RIA/Wealth	$2.8K 57.0 shares
D Dauntless Investment Group, LLC Institution	$2.6K 54.0 shares

Options Activity

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

Call Positions: 12
Call Value: $46.3M
Put Positions: 9
Put Value: $65.8M

Call Positions

Institution	Position Value
Octagon Capital Advisors LP Hedge Fund•Sector	$19.2M 2.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$9.9M 1.0K contracts
S SPHERA FUNDS MANAGEMENT LTD. Institution	$9.6M 1.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.5M 575.0 contracts
GOLDMAN SACHS GROUP INC Institution	$1.6M 171.0 contracts
Atika Capital Management LLC Hedge Fund•Long/Short	$469.2K 0.5 contracts
B Belvedere Trading LLC Institution	$47.9K 5.0 contracts
S Sofinnova Ventures Inc Venture Capital	- - contracts
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	- - contracts
Caption Management, LLC Hedge Fund•Long/Short	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$38.8M 4.1K contracts
J JANE STREET GROUP, LLC Institution	$14.5M 1.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$8.2M 861.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$4.2M 440.0 contracts
B Belvedere Trading LLC Institution	$57.5K 6.0 contracts
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	- - contracts
L LMR Partners LLP Institution	- - contracts
Ikarian Capital, LLC Hedge Fund•Event Driven	- - contracts
BARCLAYS PLC Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
B Bain Capital Life Sciences Investors, LLC Institution	-	19.22% $289.3M	11.91% 3.0M shares	Q3 2024 Held for 1y 2m	$1.5B
L Longwood Capital Partners LLC Institution	-	14.01% $13.6M	0.56% 141.5K shares	Q4 2024 Held for 11 months	$96.8M
Vivo Capital, LLC Venture Capital	Frank Fang-Chien Kung Managing Partner	10.11% $125.6M	5.17% 1.3M shares	Q4 2024 Held for 11 months	$1.2B
V Velan Capital Investment Management LP Institution	-	9.75% $10.4M	0.43% 108.4K shares	Q2 2025 Held for 5 months	$106.5M
S SUPERSTRING CAPITAL MANAGEMENT LP Hedge Fund•Long/Short	Guo Ting Managing Partner	6.46% $6.6M	0.27% 68.5K shares	Q3 2025 Held for 2 months	$101.5M
B BVF INC/IL Institution	-	5.49% $135.4M	5.58% 1.4M shares	Q2 2018 Held for 7y 5m	$2.5B
Ikarian Capital, LLC Hedge Fund•Event Driven	Neil Tristan Shahrestani CEO	5.38% $26.6M	1.10% 277.7K shares	Q4 2024 Held for 11 months	$494.3M
VR Adviser, LLC Venture Capital	Jessica Tong Baron CFO	5.10% $90.7M	3.73% 946.8K shares	Q4 2024 Held for 11 months	$1.8B
RA CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Michael Saulnier CFO	4.00% $322.3M	13.27% 3.4M shares	Q3 2024 Held for 1y 2m	$8.1B
Logos Global Management LP Hedge Fund•Long/Short	Arsani Hany William Managing Partner	3.64% $35.9M	1.48% 375.0K shares	Q2 2025 Held for 5 months	$987.5M

Hedge Fund Spotlight

Discover hedge funds investing in CDTX

BAKER BROS. ADVISORS LP

Hedge Fund • Sector

Portfolio ManagerScott Lawrence Lessing

Portfolio Value: $10.8B
Positions: 88
Last Reported: Q3 2025

Sector Allocation

Position in Cidara Therapeutics

Market Value: $21.8M
Shares Held: 227.3K
Portfolio Weight: 0.20%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Incyte INCY	Biotechnology Healthcare	$2.6B	24.14%
2 Madrigal Pharmaceuticals, Inc. MDGL	Biotechnology Healthcare	$982.3M	9.10%
3 Insmed INSM	Biotechnology Healthcare	$965.4M	8.94%