CureVac

CVAC • NASDAQ

CureVac is a biotechnology company in the healthcare sector on NASDAQ, led by Alexander Zehnder, with a market cap of $1.1B. As of Q3 2025, 9% of shares are held by 93 institutional investors, with GLAZER CAPITAL, LLC as the largest holder at 2.02%.

Chief Executive OfficerAlexander Zehnder

Market Cap$1.1B

Biotechnology

Healthcare

Employees1.1K

Websitecurevac.com

Overview

Overview of institutional ownership in CVAC as of Q3 2025 with a market cap of $1.2B

All Institutions

Institutions: 93
Value Held: $105.4M
Shares Held: 19.6M
Avg Position: $1.1M
Median Position: $203.8K

Hedge Funds

Hedge Funds: 15
Value Held: $55.9M
Shares Held: 10.4M
Avg Position: $3.7M
Median Position: $676.1K

Ownership Breakdown

Institutional (non-HF)

4.08%

$49.6M

Hedge Funds

4.6%

$55.9M

Retail & Other

91.31%

$1.1B

Based on market cap of $1.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CVAC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy	Paul Jay Glazer CEO	$24.5M 1.11% of portfolio	2.02% 4.5M shares	Q2 2025 Held for 5 months	$2.2B
ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb	Robert Emil Zoellner CEO	$12.4M 0.75% of portfolio	1.02% 2.3M shares	Q2 2025 Held for 5 months	$1.6B
Q Qube Research & Technologies Ltd Institution	-	$9.2M 0.01% of portfolio	0.76% 1.7M shares	Q2 2025 Held for 5 months	$70.6B
B BlackRock, Inc. Institution	-	$5.5M 0.00% of portfolio	0.45% 1.0M shares	Q3 2020 Held for 5y 2m	$5.67T
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	Herbert James Willcox CCO	$5.3M 0.20% of portfolio	0.44% 991.7K shares	Q2 2025 Held for 5 months	$2.7B
WATER ISLAND CAPITAL LLC Hedge Fund•Event Driven	John Sabbott Orrico CIO	$4.1M 0.64% of portfolio	0.34% 762.1K shares	Q2 2025 Held for 5 months	$641.5M
Magnetar Financial LLC Hedge Fund•Multi-Strategy	David Jay Snyderman CEO	$3.5M 0.02% of portfolio	0.29% 654.8K shares	Q3 2025 Held for 2 months	$15.4B
R ROYAL BANK OF CANADA Institution	-	$2.7M 0.00% of portfolio	0.22% 501.6K shares	Q3 2020 Held for 5y 2m	$542.04B
Bridgewater Associates, LP Hedge Fund•Global Macro	Nir Bar Dea CEO	$2.5M 0.01% of portfolio	0.21% 466.4K shares	Q3 2025 Held for 2 months	$25.5B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$2.4M 0.00% of portfolio	0.20% 443.3K shares	Q3 2020 Held for 5y 2m	$1.33T

Net Capital Flow

Institutional buying and selling activity for CVAC in Q3 2025

Traded: +$44.8M
Buyers: 41
Sellers: 39
Total Bought: +$51.4M
Total Sold: −$6.6M
Avg Position: $985.4K

Biggest Buyers

Institution	Net Bought	Current Position
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy	+$21.3M +4.0M shares	$24.5M 4.5M shares
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	+$5.1M +947.5K shares	$5.3M 991.7K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	+$3.5M +654.8K shares	$3.5M 654.8K shares
Q Qube Research & Technologies Ltd Institution	+$2.9M +530.7K shares	$9.2M 1.7M shares
R ROYAL BANK OF CANADA Institution	+$2.7M +492.0K shares	$2.7M 501.6K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	+$2.5M +466.4K shares	$2.5M 466.4K shares
BANK OF AMERICA CORP /DE/ Institution	+$1.9M +347.9K shares	$2.4M 443.3K shares
ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb	+$1.7M +324.2K shares	$12.4M 2.3M shares
C CSS LLC/IL Institution	+$1.5M +273.5K shares	$1.5M 273.5K shares
NEW YORK LIFE INVESTMENT MANAGEMENT LLC Long Only Manager	+$1.4M +258.1K shares	$1.4M 258.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$1.1M −201.3K shares	Sold Off 0 shares
WATER ISLAND CAPITAL LLC Hedge Fund•Event Driven	−$1.1M −194.9K shares	$4.1M 762.1K shares
Quinn Opportunity Partners LLC Hedge Fund•Event Driven	−$784.1K −145.5K shares	$676.1K 125.4K shares
S State of Wyoming Institution	−$751.0K −138.3K shares	Sold Off 0 shares
J JANE STREET GROUP, LLC Institution	−$345.3K −64.6K shares	$395.6K 74.0K shares
D D. E. Shaw & Co., Inc. Institution	−$313.0K −58.1K shares	$799.3K 148.3K shares
CARLSON CAPITAL L P Hedge Fund•Multi-Strategy	−$298.7K −55.0K shares	Sold Off 0 shares
H HARVEST MANAGEMENT LLC Hedge Fund•Event Driven	−$298.7K −55.0K shares	Sold Off 0 shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Long Only Manager	−$289.8K −53.8K shares	$224.8K 41.7K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$226.4K −42.0K shares	$225.3K 41.8K shares

Entry and Exit Activity

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

New Positions: 8
New Value: $8.0M
Exited Positions: 13
Exited Value: $2.7M

New Positions

Institution	Position Value
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$3.5M 654.8K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$2.5M 466.4K shares
NEW YORK LIFE INVESTMENT MANAGEMENT LLC Long Only Manager	$1.4M 258.1K shares
Y Yakira Capital Management, Inc. Hedge Fund•Event Driven	$417.1K 77.4K shares
V Vestcor Investment Management Corp Institution	$161.5K 30.0K shares
Strategic Advocates LLC RIA/Wealth	$17.3K 3.2K shares
Rockefeller Capital Management L.P. Long Only Manager	$868.0 161.0 shares
Farther Finance Advisors, LLC RIA/Wealth	$641.0 119.0 shares

Exited Positions

Institution	Previous Position
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$1.1M 201.3K shares
S State of Wyoming Institution	$751.0K 138.3K shares
H HARVEST MANAGEMENT LLC Hedge Fund•Event Driven	$298.7K 55.0K shares
CARLSON CAPITAL L P Hedge Fund•Multi-Strategy	$298.7K 55.0K shares
Invesco Ltd. ETF Provider	$66.6K 12.3K shares
Kathmere Capital Management, LLC RIA/Wealth	$60.5K 11.1K shares
T TWO SIGMA SECURITIES, LLC Institution	$57.4K 10.6K shares
H Headlands Technologies LLC Institution	$35.1K 6.5K shares
S Skopos Labs, Inc. RIA/Wealth	$1.2K 446.0 shares
CWM, LLC RIA/Wealth	$1.0K 108.0 shares

Options Activity

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

Call Positions: 3
Call Value: $613.7K
Put Positions: 2
Put Value: $415.6K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$304.0K 564.0 contracts
W WOLVERINE TRADING, LLC Institution	$172.8K 323.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$136.9K 254.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$309.9K 575.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$105.6K 196.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy	Paul Jay Glazer CEO	1.11% $24.5M	2.02% 4.5M shares	Q2 2025 Held for 5 months	$2.2B
ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb	Robert Emil Zoellner CEO	0.75% $12.4M	1.02% 2.3M shares	Q2 2025 Held for 5 months	$1.6B
WATER ISLAND CAPITAL LLC Hedge Fund•Event Driven	John Sabbott Orrico CIO	0.64% $4.1M	0.34% 762.1K shares	Q2 2025 Held for 5 months	$641.5M
C CSS LLC/IL Institution	-	0.26% $1.5M	0.12% 273.5K shares	Q3 2025 Held for 2 months	$577.9M
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	Herbert James Willcox CCO	0.20% $5.3M	0.44% 991.7K shares	Q2 2025 Held for 5 months	$2.7B
Y Yakira Capital Management, Inc. Hedge Fund•Event Driven	Bruce Mitchell Kallins President	0.17% $417.1K	0.03% 77.4K shares	Q3 2025 Held for 2 months	$243.3M
Green Alpha Advisors, LLC Long Only Manager	Garvin Frederic Jabusch Founder	0.07% $69.7K	0.01% 12.9K shares	Q2 2022 Held for 3y 5m	$103.4M
Quinn Opportunity Partners LLC Hedge Fund•Event Driven	Patrick Farley Quinn CCO	0.05% $676.1K	0.06% 125.4K shares	Q1 2023 Held for 2y 8m	$1.4B
B Baron Wealth Management LLC RIA/Wealth	Beth Anne Zilka CCO	0.04% $103.6K	0.01% 19.2K shares	Q2 2025 Held for 5 months	$274.0M
V Virtus Investment Advisers, Inc. Institution	Daphne Tippens Chisolm President	0.03% $109.5K	0.01% 20.3K shares	Q1 2025 Held for 8 months	$348.7M

Hedge Fund Spotlight

Discover hedge funds investing in CVAC

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in CureVac

Market Value: $631.0K
Shares Held: 117.1K
Portfolio Weight: 0.00%
Owned Since: 2020-Q3

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%