Savara

SVRA • NASDAQ

Savara is a biotechnology company in the healthcare sector on NASDAQ, led by Matthew Pauls, with a market cap of $1.4B. As of Q3 2025, 94% of shares are held by 122 institutional investors, with NEA Management Company, LLC as the largest holder at 14.16%.

Chief Executive OfficerMatthew Pauls

Market Cap$1.4B

Biotechnology

Healthcare

Employees37.0

Websitesavarapharma.com

Country

United States of America

Overview

Overview of institutional ownership in SVRA as of Q3 2025 with a market cap of $617.0M

All Institutions

Institutions: 122
Value Held: $578.0M
Shares Held: 161.9M
Avg Position: $4.7M
Median Position: $215.9K

Hedge Funds

Hedge Funds: 23
Value Held: $115.2M
Shares Held: 32.3M
Avg Position: $5.0M
Median Position: $1.3M

Ownership Breakdown

Institutional (non-HF)

74.99%

$462.7M

Hedge Funds

18.67%

$115.2M

Retail & Other

6.33%

$39.1M

Based on market cap of $617.0M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in SVRA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
NEA Management Company, LLC Venture Capital	Mohamad Hassan Makhzoumi CEO	$87.4M 4.79% of portfolio	14.16% 24.5M shares	Q1 2021 Held for 4y 8m	$1.8B
B Bain Capital Life Sciences Investors, LLC Institution	-	$62.8M 4.18% of portfolio	10.18% 17.6M shares	Q4 2019 Held for 5y 11m	$1.5B
VR Adviser, LLC Venture Capital	Jessica Tong Baron CFO	$45.3M 2.55% of portfolio	7.34% 12.7M shares	Q1 2025 Held for 8 months	$1.8B
TCG Crossover Management, LLC Venture Capital	Chen Ming Yu Managing Partner	$44.1M 2.20% of portfolio	7.15% 12.4M shares	Q3 2023 Held for 2y 2m	$2.0B
Frazier Life Sciences Management, L.P. Venture Capital	James Newman Topper Managing Partner	$40.9M 1.23% of portfolio	6.63% 11.5M shares	Q3 2023 Held for 2y 2m	$3.3B
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	Daniel J. Mack Managing Partner	$31.3M 1.94% of portfolio	5.08% 8.8M shares	Q3 2023 Held for 2y 2m	$1.6B
B BlackRock, Inc. Institution	-	$30.2M 0.00% of portfolio	4.89% 8.4M shares	Q2 2017 Held for 8y 5m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$29.7M 0.00% of portfolio	4.81% 8.3M shares	Q2 2017 Held for 8y 5m	$6.69T
DEERFIELD MANAGEMENT CO /NY Hedge Fund•Long/Short	James Edward Flynn President	$28.4M 0.47% of portfolio	4.61% 8.0M shares	Q3 2024 Held for 1y 2m	$6.0B
Vestal Point Capital, LP Hedge Fund•Long/Short	Ryan Christopher Wilder CIO	$14.3M 0.73% of portfolio	2.32% 4.0M shares	Q2 2024 Held for 1y 5m	$2.0B

Net Capital Flow

Institutional buying and selling activity for SVRA in Q3 2025

Traded: −$17.7M
Buyers: 61
Sellers: 64
Total Bought: +$49.0M
Total Sold: −$66.7M
Avg Position: $4.1M

Biggest Buyers

Institution	Net Bought	Current Position
VR Adviser, LLC Venture Capital	+$13.6M +3.8M shares	$45.3M 12.7M shares
MORGAN STANLEY RIA/Wealth	+$5.5M +1.5M shares	$6.8M 1.9M shares
R Rosalind Advisors, Inc. Institution	+$4.8M +1.3M shares	$14.3M 4.0M shares
Affinity Asset Advisors, LLC Hedge Fund•Long/Short	+$3.6M +1.0M shares	$5.4M 1.5M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$3.0M +844.2K shares	$3.0M 844.2K shares
R ROYAL BANK OF CANADA Institution	+$2.2M +612.8K shares	$2.3M 654.4K shares
J JANE STREET GROUP, LLC Institution	+$2.2M +605.6K shares	$2.2M 605.6K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$2.0M +557.3K shares	$2.4M 668.1K shares
S Swedbank AB Institution	+$2.0M +550.0K shares	$2.0M 550.0K shares
UBS Group AG Institution	+$1.7M +479.1K shares	$2.5M 695.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
Vestal Point Capital, LP Hedge Fund•Long/Short	−$25.0M −7.0M shares	$14.3M 4.0M shares
FARALLON CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$15.5M −4.3M shares	$8.9M 2.5M shares
A ADAR1 Capital Management, LLC Hedge Fund•Long/Short	−$5.8M −1.6M shares	$7.1M 2.0M shares
B BlackRock, Inc. Institution	−$4.7M −1.3M shares	$30.2M 8.4M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$2.5M −706.3K shares	$9.4M 2.6M shares
A AXA Institution	−$2.4M −1.1M shares	Sold Off 0 shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	−$1.2M −336.0K shares	$1.3M 372.4K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	−$771.0K −216.0K shares	$335.1K 93.9K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	−$623.2K −174.5K shares	$10.0M 2.8M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$505.4K −221.7K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 7
New Value: $2.2M
Exited Positions: 20
Exited Value: $4.6M

New Positions

Institution	Position Value
S Swedbank AB Institution	$2.0M 550.0K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$190.6K 53.4K shares
O Optiver Holding B.V. Institution	$5.4K 1.5K shares
Larson Financial Group LLC RIA/Wealth	$2.3K 639.0 shares
Point72 Europe LLP Digital Asset Manager	$2.2K 617.0 shares
SRS Capital Advisors, Inc. RIA/Wealth	$1.3K 363.0 shares
Sunbelt Securities, Inc. RIA/Wealth	$89.0 25.0 shares

Exited Positions

Institution	Previous Position
A AXA Institution	$2.4M 1.1M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$505.4K 221.7K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	$415.6K 182.3K shares
Z Zurcher Kantonalbank Institution	$340.7K 149.4K shares
S Swiss National Bank Institution	$338.4K 148.4K shares
ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant	$182.3K 79.9K shares
HENDERSON GROUP PLC Institution	$96.5K 42.4K shares
LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INC Long Only Manager	$69.3K 30.4K shares
S STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM Institution	$58.8K 25.8K shares
A Arizona State Retirement System Institution	$51.6K 22.6K shares

Options Activity

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

Call Positions: 2
Call Value: $51.1K
Put Positions: 1
Put Value: $88.9K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$51.1K 143.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$88.9K 249.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
R Rosalind Advisors, Inc. Institution	-	5.42% $14.3M	2.31% 4.0M shares	Q4 2024 Held for 11 months	$263.6M
NEA Management Company, LLC Venture Capital	Mohamad Hassan Makhzoumi CEO	4.79% $87.4M	14.16% 24.5M shares	Q1 2021 Held for 4y 8m	$1.8B
S SUPERSTRING CAPITAL MANAGEMENT LP Hedge Fund•Long/Short	Guo Ting Managing Partner	4.60% $4.7M	0.76% 1.3M shares	Q4 2023 Held for 1y 11m	$101.5M
B Bain Capital Life Sciences Investors, LLC Institution	-	4.18% $62.8M	10.18% 17.6M shares	Q4 2019 Held for 5y 11m	$1.5B
VR Adviser, LLC Venture Capital	Jessica Tong Baron CFO	2.55% $45.3M	7.34% 12.7M shares	Q1 2025 Held for 8 months	$1.8B
TCG Crossover Management, LLC Venture Capital	Chen Ming Yu Managing Partner	2.20% $44.1M	7.15% 12.4M shares	Q3 2023 Held for 2y 2m	$2.0B
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	Daniel J. Mack Managing Partner	1.94% $31.3M	5.08% 8.8M shares	Q3 2023 Held for 2y 2m	$1.6B
Frazier Life Sciences Management, L.P. Venture Capital	James Newman Topper Managing Partner	1.23% $40.9M	6.63% 11.5M shares	Q3 2023 Held for 2y 2m	$3.3B
S SPHERA FUNDS MANAGEMENT LTD. Institution	-	1.16% $4.8M	0.78% 1.4M shares	Q2 2024 Held for 1y 5m	$416.3M
Vestal Point Capital, LP Hedge Fund•Long/Short	Ryan Christopher Wilder CIO	0.73% $14.3M	2.32% 4.0M shares	Q2 2024 Held for 1y 5m	$2.0B

Hedge Fund Spotlight

Discover hedge funds investing in SVRA

FARALLON CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerEdric Calvin Saito

Portfolio Value: $17.7B
Positions: 134
Last Reported: Q3 2025

Sector Allocation

Position in Savara

Market Value: $8.9M
Shares Held: 2.5M
Portfolio Weight: 0.05%
Owned Since: 2017-Q2

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$990.9M	5.60%
2 Aon plc AON	Insurance - Brokers Financial Services	$812.3M	4.59%
3 Exelixis EXEL	Biotechnology Healthcare	$805.4M	4.55%