Ocugen, Inc.

OCGN • NASDAQ

Ocugen, Inc. is a biotechnology company in the healthcare sector on NASDAQ, led by Shankar Musunuri, with a market cap of $431.0M. As of Q3 2025, 15% of shares are held by 98 institutional investors, with VANGUARD GROUP INC as the largest holder at 4.87%.

Chief Executive OfficerShankar Musunuri

Market Cap$431.0M

Biotechnology

Healthcare

Employees84.0

Websiteocugen.com

Country

United States of America

Overview

Overview of institutional ownership in OCGN as of Q3 2025 with a market cap of $509.1M

All Institutions

Institutions: 98
Value Held: $74.8M
Shares Held: 45.9M
Avg Position: $763.2K
Median Position: $40.1K

Hedge Funds

Hedge Funds: 11
Value Held: $19.2M
Shares Held: 11.8M
Avg Position: $1.7M
Median Position: $321.5K

Ownership Breakdown

Institutional (non-HF)

10.93%

$55.6M

Hedge Funds

3.76%

$19.2M

Retail & Other

85.31%

$434.3M

Based on market cap of $509.1M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in OCGN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$24.8M 0.00% of portfolio	4.87% 15.2M shares	Q1 2017 Held for 8y 8m	$6.69T
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$6.8M 0.01% of portfolio	1.33% 4.2M shares	Q4 2024 Held for 11 months	$121.98B
GMT CAPITAL CORP Hedge Fund•Long/Short	Thomas Eugene Claugus President	$6.8M 0.31% of portfolio	1.33% 4.2M shares	Q3 2024 Held for 1y 2m	$2.2B
B BlackRock, Inc. Institution	-	$6.6M 0.00% of portfolio	1.30% 4.1M shares	Q4 2019 Held for 5y 11m	$5.67T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$6.0M 0.00% of portfolio	1.18% 3.7M shares	Q1 2020 Held for 5y 8m	$1.57T
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$2.6M 0.00% of portfolio	0.50% 1.6M shares	Q1 2020 Held for 5y 8m	$122.08B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$2.2M 0.00% of portfolio	0.43% 1.4M shares	Q4 2020 Held for 4y 11m	$2.88T
Rinkey Investments RIA/Wealth	Matthew Seth Rinkey President	$1.8M 0.48% of portfolio	0.36% 1.1M shares	Q1 2025 Held for 8 months	$376.9M
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	David Khabie-Zeitoune CEO	$1.7M 0.15% of portfolio	0.33% 1.0M shares	Q3 2024 Held for 1y 2m	$1.1B
UBS Group AG Institution	Sergio P. Ermotti CEO	$1.7M 0.00% of portfolio	0.33% 1.0M shares	Q1 2021 Held for 4y 8m	$511.54B

Net Capital Flow

Institutional buying and selling activity for OCGN in Q3 2025

Traded: −$4.7M
Buyers: 45
Sellers: 54
Total Bought: +$7.4M
Total Sold: −$12.1M
Avg Position: $613.1K

Biggest Buyers

Institution	Net Bought	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$1.6M +966.2K shares	$2.6M 1.6M shares
VANGUARD GROUP INC Institution	+$735.0K +450.9K shares	$24.8M 15.2M shares
Q Quadrature Capital Ltd Institution	+$733.8K +451.6K shares	$733.8K 451.6K shares
UBS Group AG Institution	+$603.9K +370.5K shares	$1.7M 1.0M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$592.5K +363.5K shares	$1.4M 878.8K shares
HENDERSON GROUP PLC Institution	+$491.4K +302.4K shares	$491.4K 302.4K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$473.0K +290.2K shares	$473.0K 290.2K shares
X XTX Topco Ltd Institution	+$400.4K +245.7K shares	$742.1K 455.3K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$308.8K +189.4K shares	$6.0M 3.7M shares
H HRT FINANCIAL LLC Institution	+$190.2K +116.7K shares	$610.5K 374.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
B BlackRock, Inc. Institution	−$2.5M −1.5M shares	$6.6M 4.1M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$1.5M −896.8K shares	$6.8M 4.2M shares
GOLDMAN SACHS GROUP INC Institution	−$1.3M −789.3K shares	$159.3K 97.7K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	−$1.1M −687.0K shares	$1.7M 1.0M shares
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	−$720.4K −442.0K shares	$321.5K 197.2K shares
MORGAN STANLEY RIA/Wealth	−$523.4K −321.1K shares	$473.6K 290.6K shares
Jain Global LLC Hedge Fund•Multi-Strategy	−$510.2K −313.0K shares	$174.4K 107.0K shares
B Brevan Howard Capital Management LP Institution	−$499.2K −514.6K shares	Sold Off 0 shares
J JANE STREET GROUP, LLC Institution	−$463.2K −284.2K shares	$1.4M 875.6K shares
Aster Capital Management Ltd RIA/Wealth	−$386.3K −398.1K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 12
New Value: $1.2M
Exited Positions: 24
Exited Value: $2.5M

New Positions

Institution	Position Value
Q Quadrature Capital Ltd Institution	$733.8K 451.6K shares
LEUCADIA NATIONAL CORP Institution	$174.9K 107.3K shares
Scientech Research LLC Hedge Fund•Market Neutral	$171.2K 105.0K shares
Verdence Capital Advisors LLC RIA/Wealth	$46.8K 30.0K shares
Uniting Wealth Partners, LLC RIA/Wealth	$16.3K 10.0K shares
FLAGSHIP HARBOR ADVISORS, LLC RIA/Wealth	$16.3K 10.0K shares
Point72 Europe LLP Digital Asset Manager	$3.6K 2.2K shares
J JONES FINANCIAL COMPANIES LLLP Institution	$694.0 475.0 shares
Triumph Capital Management RIA/Wealth	$293.0 180.0 shares
SRS Capital Advisors, Inc. RIA/Wealth	$275.0 169.0 shares

Exited Positions

Institution	Previous Position
B Brevan Howard Capital Management LP Institution	$499.2K 514.6K shares
Aster Capital Management Ltd RIA/Wealth	$386.3K 398.1K shares
Y Y-Intercept Ltd Institution	$333.4K 343.6K shares
Q Quantessence Capital LLC Hedge Fund•Quant	$194.8K 200.8K shares
V Virtu Financial LLC Institution	$191.5K 197.4K shares
Q Qube Research & Technologies Ltd Institution	$188.5K 194.2K shares
C Catalyst Funds Management Pty Ltd Institution	$130.0K 134.0K shares
Laurion Capital Management LP Hedge Fund•Multi-Strategy	$111.5K 114.9K shares
D DRW Securities, LLC Institution	$79.5K 81.9K shares
Gerber Kawasaki Wealth & Investment Management RIA/Wealth	$67.1K 69.1K shares

Options Activity

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

Call Positions: 3
Call Value: $865.0K
Put Positions: 3
Put Value: $705.6K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$610.3K 3.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$254.8K 1.6K contracts
J JANE STREET GROUP, LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$527.1K 3.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$136.6K 838.0 contracts
J JANE STREET GROUP, LLC Institution	$41.9K 257.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Rinkey Investments RIA/Wealth	Matthew Seth Rinkey President	0.48% $1.8M	0.36% 1.1M shares	Q1 2025 Held for 8 months	$376.9M
GMT CAPITAL CORP Hedge Fund•Long/Short	Thomas Eugene Claugus President	0.31% $6.8M	1.33% 4.2M shares	Q3 2024 Held for 1y 2m	$2.2B
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	David Khabie-Zeitoune CEO	0.15% $1.7M	0.33% 1.0M shares	Q3 2024 Held for 1y 2m	$1.1B
Lanham O'Dell & Company, Inc. RIA/Wealth	Rick Claude O'Dell President	0.07% $228.2K	0.04% 140.0K shares	Q1 2025 Held for 8 months	$314.0M
Scientech Research LLC Hedge Fund•Market Neutral	Zheng Zhang Managing Partner	0.06% $171.2K	0.03% 105.0K shares	Q3 2025 Held for 2 months	$283.5M
X XTX Topco Ltd Institution	-	0.04% $742.1K	0.15% 455.3K shares	Q3 2024 Held for 1y 2m	$1.9B
P Point72 Asia Pte. Ltd. Institution	-	0.03% $188.7K	0.04% 115.8K shares	Q2 2025 Held for 5 months	$645.8M
Procyon Private Wealth Partners, LLC RIA/Wealth	Phil Giuseppe Fiore CEO	0.02% $344.1K	0.07% 211.1K shares	Q2 2025 Held for 5 months	$1.7B
C CORA CAPITAL ADVISORS LLC RIA/Wealth	Salvatore John Cocivera President	0.02% $38.5K	0.01% 23.6K shares	Q2 2024 Held for 1y 5m	$233.9M
T TWO SIGMA SECURITIES, LLC Institution	-	0.02% $110.6K	0.02% 67.9K shares	Q4 2021 Held for 3y 11m	$675.6M