Surmodics, Inc.

SRDX • NASDAQ

Surmodics, Inc. is a medical - devices company in the healthcare sector on NASDAQ, led by Bruce J Barclay, with a market cap of $614.5M. As of Q3 2025, 81% of shares are held by 143 institutional investors, with BlackRock, Inc. as the largest holder at 8.03%.

Chief Executive OfficerBruce J Barclay

Market Cap$614.5M

Medical - Devices

Healthcare

Employees376.0

Websitesurmodics.com

Country

United States of America

Overview

Overview of institutional ownership in SRDX as of Q3 2025 with a market cap of $427.4M

All Institutions

Institutions: 143
Value Held: $344.8M
Shares Held: 11.5M
Avg Position: $2.4M
Median Position: $560.9K

Hedge Funds

Hedge Funds: 33
Value Held: $93.6M
Shares Held: 3.1M
Avg Position: $2.8M
Median Position: $1.1M

Ownership Breakdown

Institutional (non-HF)

58.77%

$251.1M

Hedge Funds

21.91%

$93.6M

Retail & Other

19.32%

$82.6M

Based on market cap of $427.4M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in SRDX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$34.3M 0.00% of portfolio	8.03% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$26.5M 0.01% of portfolio	6.21% 887.2K shares	≤ Q2 2013 Held for 12y 5m+	$317.45B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$24.2M 0.00% of portfolio	5.66% 809.9K shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
O ODDO BHF ASSET MANAGEMENT SAS Institution	-	$18.2M 0.70% of portfolio	4.27% 610.0K shares	Q3 2024 Held for 1y 2m	$2.6B
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	Sander Ross Gerber CEO	$16.0M 0.11% of portfolio	3.75% 536.3K shares	Q4 2024 Held for 11 months	$14.7B
Q Qube Research & Technologies Ltd Institution	-	$12.5M 0.02% of portfolio	2.93% 418.9K shares	Q1 2023 Held for 2y 8m	$70.6B
GABELLI FUNDS LLC Long Only Manager	John Chester Ball President	$11.5M 0.08% of portfolio	2.69% 384.4K shares	Q2 2014 Held for 11y 5m	$14.5B
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	David Barnett Grossman Managing Partner	$11.4M 1.14% of portfolio	2.68% 383.0K shares	Q2 2025 Held for 5 months	$1.0B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$10.9M 0.01% of portfolio	2.55% 365.1K shares	Q1 2017 Held for 8y 8m	$122.08B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$10.1M 0.00% of portfolio	2.37% 339.0K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for SRDX in Q3 2025

Traded: −$3.4M
Buyers: 75
Sellers: 56
Total Bought: +$69.8M
Total Sold: −$73.3M
Avg Position: $2.2M

Biggest Buyers

Institution	Net Bought	Current Position
O ODDO BHF ASSET MANAGEMENT SAS Institution	+$10.2M +341.9K shares	$18.2M 610.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$9.0M +302.8K shares	$10.9M 365.1K shares
TIG Advisors, LLC Hedge Fund•Multi-Strategy	+$5.9M +198.6K shares	$5.9M 198.6K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	+$5.3M +178.1K shares	$6.4M 213.2K shares
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	+$4.1M +136.3K shares	$16.0M 536.3K shares
M Man Group plc Institution	+$4.1M +135.6K shares	$4.1M 135.6K shares
S Sand Grove Capital Management LLP Hedge Fund•Event Driven	+$3.9M +129.6K shares	$3.9M 129.6K shares
Governors Lane LP Hedge Fund•Event Driven	+$2.9M +97.3K shares	$2.9M 97.3K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	+$2.7M +91.3K shares	$2.7M 91.3K shares
J JANE STREET GROUP, LLC Institution	+$1.8M +61.9K shares	$2.6M 85.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
Soleus Capital Management, L.P. Hedge Fund•Long/Short	−$23.4M −789.1K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$10.0M −335.8K shares	$9.6M 320.0K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$4.2M −139.2K shares	$4.0M 132.5K shares
Quinn Opportunity Partners LLC Hedge Fund•Event Driven	−$3.6M −122.5K shares	Sold Off 0 shares
D DISCIPLINED GROWTH INVESTORS INC /MN Long Only Manager	−$3.0M −100.6K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$2.5M −84.1K shares	$744.5K 24.9K shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$2.2M −75.6K shares	Sold Off 0 shares
BARCLAYS PLC Institution	−$2.1M −70.7K shares	$1.3M 44.4K shares
Woodline Partners LP Hedge Fund•Long/Short	−$2.0M −66.7K shares	$2.3M 78.3K shares
Boussard & Gavaudan Investment Management LLP Hedge Fund•Multi-Strategy	−$1.9M −64.2K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 10
New Value: $10.8M
Exited Positions: 16
Exited Value: $35.5M

New Positions

Institution	Position Value
TIG Advisors, LLC Hedge Fund•Multi-Strategy	$5.9M 198.6K shares
Governors Lane LP Hedge Fund•Event Driven	$2.9M 97.3K shares
HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. Institution	$620.0K 20.7K shares
BTG Pactual Asset Management US LLC Hedge Fund•Multi-Strategy	$446.7K 14.9K shares
R Rangeley Capital, LLC Hedge Fund•Event Driven	$298.9K 10.0K shares
B Belvedere Trading LLC Institution	$285.6K 9.6K shares
Quantinno Capital Management LP Hedge Fund•Market Neutral	$224.1K 7.5K shares
Palisade Asset Management, LLC RIA/Wealth	$59.8K 2.0K shares
O Optiver Holding B.V. Institution	$3.6K 122.0 shares
Q Quarry LP Institution	$389.0 13.0 shares

Exited Positions

Institution	Previous Position
Soleus Capital Management, L.P. Hedge Fund•Long/Short	$23.4M 789.1K shares
Quinn Opportunity Partners LLC Hedge Fund•Event Driven	$3.6M 122.5K shares
D DISCIPLINED GROWTH INVESTORS INC /MN Long Only Manager	$3.0M 100.6K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$2.2M 75.6K shares
Boussard & Gavaudan Investment Management LLP Hedge Fund•Multi-Strategy	$1.9M 64.2K shares
G GUGGENHEIM CAPITAL LLC Institution	$317.7K 10.7K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$308.4K 10.4K shares
M MOORE CAPITAL MANAGEMENT, LP Hedge Fund•Global Macro	$297.1K 10.0K shares
INTECH INVESTMENT MANAGEMENT LLC Long Only Manager	$213.8K 7.2K shares
LONGFELLOW INVESTMENT MANAGEMENT CO LLC Long Only Manager	$54.5K 1.8K shares

Options Activity

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

Call Positions: 7
Call Value: $5.1M
Put Positions: 7
Put Value: $6.1M

Call Positions

Institution	Position Value
Caption Management, LLC Hedge Fund•Long/Short	$2.4M 800.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.0M 350.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$923.6K 309.0 contracts
J JANE STREET GROUP, LLC Institution	$538.0K 180.0 contracts
B Belvedere Trading LLC Institution	$155.4K 52.0 contracts
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	- - contracts
B BCK CAPITAL MANAGEMENT LP Hedge Fund•Event Driven	- 500.0 contracts

Put Positions

Institution	Position Value
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$3.0M 1.0K contracts
Caption Management, LLC Hedge Fund•Long/Short	$1.6M 547.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 362.0 contracts
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$409.5K 137.0 contracts
C CSS LLC/IL Institution	- - contracts
J JANE STREET GROUP, LLC Institution	- - contracts
B BCK CAPITAL MANAGEMENT LP Hedge Fund•Event Driven	- 500.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Burren Capital Advisors Ltd Hedge Fund•Event Driven	Andrew Thomas Mcgrath Director	3.05% $1.0M	0.24% 33.7K shares	Q1 2025 Held for 8 months	$33.0M
S Sand Grove Capital Management LLP Hedge Fund•Event Driven	Daniel Caplan CEO	1.89% $3.9M	0.91% 129.6K shares	Q3 2025 Held for 2 months	$204.7M
B BCK CAPITAL MANAGEMENT LP Hedge Fund•Event Driven	Wayne Wei-Yin Yu CEO	1.59% $1.4M	0.32% 46.3K shares	Q3 2025 Held for 2 months	$86.9M
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	David Barnett Grossman Managing Partner	1.14% $11.4M	2.68% 383.0K shares	Q2 2025 Held for 5 months	$1.0B
V Vazirani Asset Management LLC Institution	-	1.07% $298.9K	0.07% 10.0K shares	Q3 2025 Held for 2 months	$28.0M
Y Yakira Capital Management, Inc. Hedge Fund•Event Driven	Bruce Mitchell Kallins President	0.89% $2.2M	0.51% 72.6K shares	Q3 2024 Held for 1y 2m	$243.3M
GABELLI SECURITIES INC Hedge Fund•Multi-Strategy	Patrick Bernard Huvane CEO	0.78% $4.8M	1.12% 159.8K shares	Q2 2024 Held for 1y 5m	$610.0M
O ODDO BHF ASSET MANAGEMENT SAS Institution	-	0.70% $18.2M	4.27% 610.0K shares	Q3 2024 Held for 1y 2m	$2.6B
A Alpine Partners VI, LLC Institution	-	0.42% $1.8M	0.41% 58.8K shares	Q4 2024 Held for 11 months	$423.2M
Governors Lane LP Hedge Fund•Event Driven	Isaac Daniel Corre CIO	0.41% $2.9M	0.68% 97.3K shares	Q3 2025 Held for 2 months	$712.0M

Hedge Fund Spotlight

Discover hedge funds investing in SRDX

Hudson Bay Capital Management LP

Hedge Fund • Multi-Strategy

Portfolio ManagerSander Ross Gerber

Portfolio Value: $14.7B
Positions: 892
Last Reported: Q3 2025

Sector Allocation

Position in Surmodics, Inc.

Market Value: $16.0M
Shares Held: 536.3K
Portfolio Weight: 0.11%
Owned Since: 2024-Q4

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