Kodiak Sciences Inc

KOD • NASDAQ

Kodiak Sciences Inc is a biotechnology company in the healthcare sector on NASDAQ, led by Victor Perlroth, with a market cap of $1.3B. As of Q3 2025, 84% of shares are held by 119 institutional investors, with BAKER BROS. ADVISORS LP as the largest holder at 32.77%.

Chief Executive OfficerVictor Perlroth

Market Cap$1.3B

Biotechnology

Healthcare

Employees107.0

Websitekodiak.com

Country

United States of America

Overview

Overview of institutional ownership in KOD as of Q3 2025 with a market cap of $864.7M

All Institutions

Institutions: 119
Value Held: $724.5M
Shares Held: 44.3M
Avg Position: $6.1M
Median Position: $674.0K

Hedge Funds

Hedge Funds: 24
Value Held: $422.1M
Shares Held: 25.8M
Avg Position: $17.6M
Median Position: $2.6M

Ownership Breakdown

Institutional (non-HF)

34.97%

$302.3M

Hedge Funds

48.82%

$422.1M

Retail & Other

16.22%

$140.2M

Based on market cap of $864.7M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in KOD as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BAKER BROS. ADVISORS LP Hedge Fund•Sector	Scott Lawrence Lessing President	$283.4M 2.62% of portfolio	32.77% 17.3M shares	Q4 2018 Held for 6y 11m	$10.8B
B BlackRock, Inc. Institution	-	$48.3M 0.00% of portfolio	5.59% 3.0M shares	Q4 2018 Held for 6y 11m	$5.67T
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	Steven Alan Cohen CEO	$46.4M 0.11% of portfolio	5.37% 2.8M shares	Q4 2024 Held for 11 months	$43.2B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$31.9M 0.00% of portfolio	3.69% 2.0M shares	Q4 2018 Held for 6y 11m	$6.69T
A ADAGE CAPITAL PARTNERS GP LLC Institution	-	$21.9M 0.03% of portfolio	2.53% 1.3M shares	Q4 2024 Held for 11 months	$63.0B
ICONIQ Capital, LLC Family Office	Kevin Noel Foster Managing Partner	$20.7M 0.26% of portfolio	2.40% 1.3M shares	Q3 2019 Held for 6y 2m	$8.0B
TCG Crossover Management, LLC Venture Capital	Chen Ming Yu Managing Partner	$18.8M 0.94% of portfolio	2.17% 1.1M shares	Q4 2023 Held for 1y 11m	$2.0B
SILVERARC CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Devesh Sharad Gandhi Founder	$16.4M 2.37% of portfolio	1.89% 1.0M shares	Q3 2023 Held for 2y 2m	$689.7M
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	Gillian Morna Therese Savage CEO	$15.9M 0.03% of portfolio	1.84% 969.9K shares	Q1 2022 Held for 3y 8m	$51.5B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$13.6M 0.00% of portfolio	1.58% 832.4K shares	Q4 2018 Held for 6y 11m	$2.88T

Net Capital Flow

Institutional buying and selling activity for KOD in Q3 2025

Traded: +$47.2M
Buyers: 61
Sellers: 43
Total Bought: +$118.6M
Total Sold: −$71.3M
Avg Position: $5.7M

Biggest Buyers

Institution	Net Bought	Current Position
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	+$39.0M +2.4M shares	$46.4M 2.8M shares
BOONE CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	+$11.7M +715.9K shares	$11.7M 715.9K shares
PERCEPTIVE ADVISORS LLC Hedge Fund•Long/Short	+$10.4M +634.6K shares	$10.4M 634.6K shares
SILVERARC CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	+$9.8M +598.5K shares	$16.4M 1.0M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$7.6M +463.7K shares	$8.2M 502.2K shares
MORGAN STANLEY RIA/Wealth	+$6.6M +404.0K shares	$10.6M 647.6K shares
BANK OF AMERICA CORP /DE/ Institution	+$4.4M +268.3K shares	$5.1M 309.1K shares
Vestal Point Capital, LP Hedge Fund•Long/Short	+$4.1M +250.0K shares	$4.1M 250.0K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$2.5M +155.3K shares	$2.5M 155.3K shares
F FRED ALGER MANAGEMENT INC Long Only Manager	+$2.3M +138.3K shares	$2.3M 138.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	−$16.4M −1.0M shares	$15.9M 969.9K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	−$11.8M −720.7K shares	$21.9M 1.3M shares
B BlackRock, Inc. Institution	−$10.3M −627.1K shares	$48.3M 3.0M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$5.0M −302.8K shares	$7.6M 461.3K shares
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	−$4.9M −300.0K shares	$4.8M 290.9K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	−$4.2M −255.5K shares	$2.7M 165.2K shares
AMERIPRISE FINANCIAL INC Institution	−$3.6M −217.5K shares	$799.7K 48.9K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$3.5M −213.5K shares	$8.5M 518.0K shares
Ikarian Capital, LLC Hedge Fund•Event Driven	−$3.0M −185.7K shares	$6.8M 413.8K shares
D D. E. Shaw & Co., Inc. Institution	−$2.4M −143.8K shares	$7.5M 457.9K shares

Entry and Exit Activity

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

New Positions: 11
New Value: $17.0M
Exited Positions: 8
Exited Value: $473.3K

New Positions

Institution	Position Value
BOONE CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	$11.7M 715.9K shares
Vestal Point Capital, LP Hedge Fund•Long/Short	$4.1M 250.0K shares
C Campbell & CO Investment Adviser LLC Hedge Fund•Quant Macro	$487.9K 29.8K shares
POLEN CAPITAL MANAGEMENT LLC Long Only Manager	$353.1K 21.6K shares
Soleus Capital Management, L.P. Hedge Fund•Long/Short	$321.6K 19.6K shares
Spire Wealth Management RIA/Wealth	$10.4K 633.0 shares
J JONES FINANCIAL COMPANIES LLLP Institution	$9.1K 575.0 shares
O Optiver Holding B.V. Institution	$8.3K 507.0 shares
Caitong International Asset Management Co., Ltd RIA/Wealth	$4.6K 283.0 shares
SRS Capital Advisors, Inc. RIA/Wealth	$3.8K 230.0 shares

Exited Positions

Institution	Previous Position
H HSBC HOLDINGS PLC Institution	$152.8K 41.0K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$125.3K 33.6K shares
INTECH INVESTMENT MANAGEMENT LLC Long Only Manager	$70.5K 18.9K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$42.1K 11.3K shares
J JGP Global Gestao de Recursos Ltda. Institution	$40.7K 10.9K shares
LJI Wealth Management, LLC RIA/Wealth	$37.7K 10.1K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$4.2K 1.1K shares
S SBI Securities Co., Ltd. Institution	$4.0 1.0 shares

Options Activity

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

Call Positions: 5
Call Value: $3.5M
Put Positions: 5
Put Value: $3.7M

Call Positions

Institution	Position Value
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.4M 881.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$790.7K 483.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$790.7K 483.0 contracts
DIADEMA PARTNERS LP Hedge Fund•Long/Short	$455.1K 278.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.5M 901.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.3M 802.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$556.6K 340.0 contracts
J JANE STREET GROUP, LLC Institution	$296.3K 181.0 contracts
DIADEMA PARTNERS LP Hedge Fund•Long/Short	$18.0K 11.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Boxer Capital Management, LLC Hedge Fund•Long/Short	Aaron Isaac Davis CEO	4.04% $12.3M	1.42% 750.0K shares	Q4 2024 Held for 11 months	$303.5M
BOONE CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	Daniel Walter Boone President	3.84% $11.7M	1.36% 715.9K shares	Q3 2025 Held for 2 months	$305.0M
B BAKER BROS. ADVISORS LP Hedge Fund•Sector	Scott Lawrence Lessing President	2.62% $283.4M	32.77% 17.3M shares	Q4 2018 Held for 6y 11m	$10.8B
SILVERARC CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Devesh Sharad Gandhi Founder	2.37% $16.4M	1.89% 1.0M shares	Q3 2023 Held for 2y 2m	$689.7M
Bruce & Co., Inc. Long Only Manager	Robert Jeffrey Bruce President	1.42% $4.6M	0.53% 279.3K shares	Q1 2023 Held for 2y 8m	$322.9M
Ikarian Capital, LLC Hedge Fund•Event Driven	Neil Tristan Shahrestani CEO	1.37% $6.8M	0.78% 413.8K shares	Q1 2023 Held for 2y 8m	$494.3M
Board of Trustees of The Leland Stanford Junior University Family Office	Anthony Stanley Waskiewicz Managing Partner	1.33% $11.3M	1.31% 691.8K shares	Q4 2018 Held for 6y 11m	$850.7M
TCG Crossover Management, LLC Venture Capital	Chen Ming Yu Managing Partner	0.94% $18.8M	2.17% 1.1M shares	Q4 2023 Held for 1y 11m	$2.0B
PERCEPTIVE ADVISORS LLC Hedge Fund•Long/Short	Joseph Eric Edelman CEO	0.30% $10.4M	1.20% 634.6K shares	Q3 2025 Held for 2 months	$3.5B
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	Daniel J. Mack Managing Partner	0.29% $4.8M	0.55% 290.9K shares	Q3 2024 Held for 1y 2m	$1.6B