Neuropace, Inc.

NPCE • NASDAQ

Neuropace, Inc. is a medical - devices company in the healthcare sector on NASDAQ, led by Joel Becker, with a market cap of $565.2M. As of Q3 2025, 78% of shares are held by 81 institutional investors, with Polar Capital Holdings Plc as the largest holder at 9.36%.

Chief Executive OfficerJoel Becker

Market Cap$565.2M

Medical - Devices

Healthcare

Employees181.0

Websiteneuropace.com

Country

United States of America

Overview

Overview of institutional ownership in NPCE as of Q3 2025 with a market cap of $341.1M

All Institutions

Institutions: 81
Value Held: $267.5M
Shares Held: 25.9M
Avg Position: $3.3M
Median Position: $407.3K

Hedge Funds

Hedge Funds: 21
Value Held: $119.0M
Shares Held: 11.5M
Avg Position: $5.7M
Median Position: $1.0M

Ownership Breakdown

Institutional (non-HF)

43.54%

$148.5M

Hedge Funds

34.89%

$119.0M

Retail & Other

21.57%

$73.6M

Based on market cap of $341.1M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NPCE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Polar Capital Holdings Plc Long Only Manager	Gavin Mark Rochussen CEO	$31.9M 0.15% of portfolio	9.36% 3.1M shares	Q1 2025 Held for 8 months	$20.8B
Soleus Capital Management, L.P. Hedge Fund•Long/Short	Guy Bezalel Levy CIO	$30.5M 1.67% of portfolio	8.94% 3.0M shares	Q2 2021 Held for 4y 5m	$1.8B
ORBIMED ADVISORS LLC Hedge Fund•Sector	Sam Block Iii CFO	$27.0M 0.65% of portfolio	7.90% 2.6M shares	Q2 2021 Held for 4y 5m	$4.1B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$26.3M 0.00% of portfolio	7.70% 2.5M shares	Q2 2021 Held for 4y 5m	$1.65T
B BlackRock, Inc. Institution	-	$24.9M 0.00% of portfolio	7.31% 2.4M shares	Q2 2021 Held for 4y 5m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$14.8M 0.00% of portfolio	4.34% 1.4M shares	Q2 2021 Held for 4y 5m	$6.69T
First Light Asset Management, LLC Hedge Fund•Sector	Mathew Paul Arens CEO	$14.0M 1.32% of portfolio	4.11% 1.4M shares	Q1 2025 Held for 8 months	$1.1B
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	Steven Joseph Boyd Managing Partner	$13.4M 0.42% of portfolio	3.92% 1.3M shares	Q3 2024 Held for 1y 2m	$3.2B
K Kent Lake PR LLC Hedge Fund•Long/Short	Benjamin Natter Managing Partner	$10.3M 5.27% of portfolio	3.02% 1.0M shares	Q3 2024 Held for 1y 2m	$195.5M
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	Stephen Thomas Weber CEO	$9.7M 0.07% of portfolio	2.84% 939.5K shares	Q1 2025 Held for 8 months	$13.9B

Net Capital Flow

Institutional buying and selling activity for NPCE in Q3 2025

Net Flow: +$32.9M
Buyers: 35
Sellers: 49
Total Bought: +$51.5M
Total Sold: −$18.6M
Avg Position: $2.6M

Biggest Buyers

Institution	Net Bought	Current Position
Polar Capital Holdings Plc Long Only Manager	+$31.9M +3.1M shares	$31.9M 3.1M shares
Soleus Capital Management, L.P. Hedge Fund•Long/Short	+$6.6M +645.0K shares	$30.5M 3.0M shares
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	+$1.5M +145.7K shares	$13.4M 1.3M shares
ESSEX INVESTMENT MANAGEMENT CO LLC Long Only Manager	+$1.5M +143.1K shares	$2.2M 216.7K shares
GOLDMAN SACHS GROUP INC Institution	+$1.3M +127.9K shares	$1.9M 186.5K shares
Q Qube Research & Technologies Ltd Institution	+$1.0M +101.1K shares	$2.2M 213.8K shares
B BlackRock, Inc. Institution	+$1.0M +97.5K shares	$24.9M 2.4M shares
K Kent Lake PR LLC Hedge Fund•Long/Short	+$773.3K +75.0K shares	$10.3M 1.0M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$768.9K +74.6K shares	$5.8M 559.7K shares
VANGUARD GROUP INC Institution	+$686.4K +66.6K shares	$14.8M 1.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
DEERFIELD MANAGEMENT CO /NY Hedge Fund•Long/Short	−$5.6M −500.0K shares	Sold Off 0 shares
LORD, ABBETT & CO. LLC Long Only Manager	−$4.5M −400.7K shares	Sold Off 0 shares
C Cubist Systematic Strategies, LLC Institution	−$1.1M −95.6K shares	Sold Off 0 shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$714.9K −69.3K shares	$198.9K 19.3K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$678.8K −65.8K shares	$9.7M 939.5K shares
Y Y-Intercept Ltd Institution	−$600.4K −53.9K shares	Sold Off 0 shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	−$579.0K −52.0K shares	Sold Off 0 shares
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	−$557.0K −50.0K shares	Sold Off 0 shares
J Jump Financial, LLC Institution	−$450.9K −40.5K shares	Sold Off 0 shares
PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant	−$413.4K −40.1K shares	$615.5K 59.7K shares

Entry and Exit Activity

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

New Positions: 6
New Value: $976.5K
Exited Positions: 29
Exited Value: $15.7M

New Positions

Institution	Position Value
LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INC Long Only Manager	$272.1K 26.4K shares
Western Wealth Management, LLC RIA/Wealth	$237.1K 23.0K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$231.5K 22.5K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$229.0K 22.2K shares
O Optiver Holding B.V. Institution	$4.5K 432.0 shares
HARBOUR INVESTMENTS, INC. RIA/Wealth	$2.3K 223.0 shares

Exited Positions

Institution	Previous Position
DEERFIELD MANAGEMENT CO /NY Hedge Fund•Long/Short	$5.6M 500.0K shares
LORD, ABBETT & CO. LLC Long Only Manager	$4.5M 400.7K shares
C Cubist Systematic Strategies, LLC Institution	$1.1M 95.6K shares
Y Y-Intercept Ltd Institution	$600.4K 53.9K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	$579.0K 52.0K shares
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	$557.0K 50.0K shares
J Jump Financial, LLC Institution	$450.9K 40.5K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$353.0K 31.7K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$325.3K 29.2K shares
PDT Partners, LLC Hedge Fund•Quant	$264.0K 23.7K shares

Options Activity

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

Call Positions: 3
Call Value: $208.3K
Put Positions: 3
Put Value: $225.8K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$208.3K 202.0 contracts
Polar Capital Holdings Plc Long Only Manager	- - contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$225.8K 219.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
K Kent Lake PR LLC Hedge Fund•Long/Short	Benjamin Natter Managing Partner	5.27% $10.3M	3.02% 1.0M shares	Q3 2024 Held for 1y 2m	$195.5M
Soleus Capital Management, L.P. Hedge Fund•Long/Short	Guy Bezalel Levy CIO	1.67% $30.5M	8.94% 3.0M shares	Q2 2021 Held for 4y 5m	$1.8B
First Light Asset Management, LLC Hedge Fund•Sector	Mathew Paul Arens CEO	1.32% $14.0M	4.11% 1.4M shares	Q1 2025 Held for 8 months	$1.1B
ORBIMED ADVISORS LLC Hedge Fund•Sector	Sam Block Iii CFO	0.65% $27.0M	7.90% 2.6M shares	Q2 2021 Held for 4y 5m	$4.1B
Palumbo Wealth Management LLC RIA/Wealth	Philip G Palumbo CEO	0.65% $2.0M	0.60% 197.5K shares	Q4 2024 Held for 11 months	$313.1M
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	Steven Joseph Boyd Managing Partner	0.42% $13.4M	3.92% 1.3M shares	Q3 2024 Held for 1y 2m	$3.2B
ESSEX INVESTMENT MANAGEMENT CO LLC Long Only Manager	Nancy Beth Prial CEO	0.34% $2.2M	0.66% 216.7K shares	Q1 2025 Held for 8 months	$652.5M
C Corton Capital Inc. Institution	-	0.29% $119.5K	0.04% 11.6K shares	Q1 2025 Held for 8 months	$40.6M
HighMark Wealth Management LLC RIA/Wealth	Matthew Wayne Goff CIO	0.29% $649.5K	0.19% 63.0K shares	Q3 2024 Held for 1y 2m	$227.1M
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	Daniel J. Mack Managing Partner	0.19% $3.0M	0.89% 295.1K shares	Q2 2021 Held for 4y 5m	$1.6B

Hedge Fund Spotlight

Discover hedge funds investing in NPCE

Divisadero Street Capital Management, LP

Hedge Fund • Long/Short

Portfolio ManagerWilliam Zolezzi

Portfolio Value: $2.1B
Positions: 163
Last Reported: Q3 2025

Sector Allocation

Position in Neuropace, Inc.

Market Value: $3.0M
Shares Held: 292.8K
Portfolio Weight: 0.14%
Owned Since: 2025-Q1

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