TScan Therapeutics, Inc.

TCRX • NASDAQ

TScan Therapeutics, Inc. is a biotechnology company in the healthcare sector on NASDAQ, led by Gavin MacBeath, with a market cap of $57.3M. As of Q3 2025, 61% of shares are held by 72 institutional investors, with Lynx1 Capital Management LP as the largest holder at 13.85%.

Chief Executive OfficerGavin MacBeath

Market Cap$57.3M

Biotechnology

Healthcare

Employees154.0

Websitetscan.com

Country

United States of America

Overview

Overview of institutional ownership in TCRX as of Q3 2025 with a market cap of $103.3M

All Institutions

Institutions: 72
Value Held: $62.9M
Shares Held: 34.6M
Avg Position: $873.8K
Median Position: $86.0K

Hedge Funds

Hedge Funds: 11
Value Held: $27.6M
Shares Held: 15.1M
Avg Position: $2.5M
Median Position: $763.3K

Ownership Breakdown

Institutional (non-HF)

34.22%

$35.3M

Hedge Funds

26.69%

$27.6M

Retail & Other

39.09%

$40.4M

Based on market cap of $103.3M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TCRX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
L Lynx1 Capital Management LP Hedge Fund•Sector	Weston Agnew Nichols CIO	$14.3M 2.91% of portfolio	13.85% 7.9M shares	Q2 2023 Held for 2y 5m	$491.3M
B BVF INC/IL Institution	-	$9.5M 0.39% of portfolio	9.21% 5.2M shares	Q2 2023 Held for 2y 5m	$2.5B
B BAKER BROS. ADVISORS LP Hedge Fund•Sector	Scott Lawrence Lessing President	$5.1M 0.05% of portfolio	4.91% 2.8M shares	Q3 2021 Held for 4y 2m	$10.8B
B BlackRock, Inc. Institution	-	$4.3M 0.00% of portfolio	4.20% 2.4M shares	Q3 2021 Held for 4y 2m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$4.2M 0.00% of portfolio	4.08% 2.3M shares	Q3 2021 Held for 4y 2m	$6.69T
Propel Bio Management, LLC Hedge Fund•Sector	Leen Kawas Managing Partner	$3.5M 3.52% of portfolio	3.41% 1.9M shares	Q4 2023 Held for 1y 11m	$99.9M
S Standard Life Aberdeen plc Institution	-	$2.5M 0.00% of portfolio	2.39% 1.4M shares	Q4 2023 Held for 1y 11m	$63.2B
Deer Management Co. LLC Venture Capital	Adam Ralph Fisher Managing Partner	$2.3M 0.20% of portfolio	2.19% 1.2M shares	Q4 2021 Held for 3y 11m	$1.1B
Alphabet Inc. Institution	Sundar Pichai CEO	$2.0M 0.08% of portfolio	1.90% 1.1M shares	Q3 2021 Held for 4y 2m	$2.4B
S Simplify Asset Management Inc. Institution	-	$1.6M 0.10% of portfolio	1.59% 905.0K shares	Q1 2023 Held for 2y 8m	$1.6B

Net Capital Flow

Institutional buying and selling activity for TCRX in Q3 2025

Traded: −$1.2M
Buyers: 24
Sellers: 40
Total Bought: +$2.2M
Total Sold: −$3.3M
Avg Position: $748.9K

Biggest Buyers

Institution	Net Bought	Current Position
S Standard Life Aberdeen plc Institution	+$843.3K +463.4K shares	$2.5M 1.4M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$312.6K +171.8K shares	$711.2K 390.7K shares
VANGUARD GROUP INC Institution	+$306.7K +168.5K shares	$4.2M 2.3M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$135.4K +74.4K shares	$525.6K 288.8K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$99.0K +54.4K shares	$763.3K 419.4K shares
V Virtu Financial LLC Institution	+$89.3K +49.1K shares	$110.1K 60.5K shares
Voleon Capital Management LP Hedge Fund•Quant	+$87.1K +47.9K shares	$87.1K 47.9K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$68.9K +37.9K shares	$1.5M 829.9K shares
Q Quadrature Capital Ltd Institution	+$62.4K +34.2K shares	$103.4K 56.7K shares
L LPL Financial LLC Institution	+$39.1K +21.5K shares	$39.1K 21.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$544.3K −299.1K shares	$238.4K 131.0K shares
B BlackRock, Inc. Institution	−$334.4K −183.8K shares	$4.3M 2.4M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$298.6K −164.1K shares	$848.3K 466.1K shares
Propel Bio Management, LLC Hedge Fund•Sector	−$281.8K −154.8K shares	$3.5M 1.9M shares
S Simplify Asset Management Inc. Institution	−$258.3K −141.9K shares	$1.6M 905.0K shares
J JANE STREET GROUP, LLC Institution	−$240.4K −132.1K shares	$148.0K 81.3K shares
C Cubist Systematic Strategies, LLC Institution	−$237.4K −130.4K shares	$76.6K 42.1K shares
T Troluce Capital Advisors LLC Hedge Fund•Multi-Strategy	−$217.5K −150.0K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$117.6K −64.6K shares	$145.2K 79.8K shares
Y Y-Intercept Ltd Institution	−$111.2K −76.7K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 2
New Value: $87.5K
Exited Positions: 11
Exited Value: $631.8K

New Positions

Institution	Position Value
Voleon Capital Management LP Hedge Fund•Quant	$87.1K 47.9K shares
Rockefeller Capital Management L.P. Long Only Manager	$364.0 200.0 shares

Exited Positions

Institution	Previous Position
T Troluce Capital Advisors LLC Hedge Fund•Multi-Strategy	$217.5K 150.0K shares
Y Y-Intercept Ltd Institution	$111.2K 76.7K shares
H HRT FINANCIAL LLC Institution	$80.3K 55.4K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$54.9K 37.9K shares
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	$35.3K 24.4K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$32.6K 22.5K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$32.5K 22.4K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	$32.1K 22.2K shares
D Dynamic Technology Lab Private Ltd Institution	$20.1K 13.9K shares
D DRW Securities, LLC Institution	$14.7K 10.1K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
D DC Funds, LP Institution	-	36.87% $1.1M	1.11% 630.0K shares	Q3 2021 Held for 4y 2m	$3.1M
Propel Bio Management, LLC Hedge Fund•Sector	Leen Kawas Managing Partner	3.52% $3.5M	3.41% 1.9M shares	Q4 2023 Held for 1y 11m	$99.9M
L Lynx1 Capital Management LP Hedge Fund•Sector	Weston Agnew Nichols CIO	2.91% $14.3M	13.85% 7.9M shares	Q2 2023 Held for 2y 5m	$491.3M
B BVF INC/IL Institution	-	0.39% $9.5M	9.21% 5.2M shares	Q2 2023 Held for 2y 5m	$2.5B
Deer Management Co. LLC Venture Capital	Adam Ralph Fisher Managing Partner	0.20% $2.3M	2.19% 1.2M shares	Q4 2021 Held for 3y 11m	$1.1B
S Simplify Asset Management Inc. Institution	-	0.10% $1.6M	1.59% 905.0K shares	Q1 2023 Held for 2y 8m	$1.6B
Militia Capital Partners, LP Hedge Fund•Long/Short	-	0.09% $185.8K	0.18% 102.1K shares	Q2 2025 Held for 5 months	$195.8M
Alphabet Inc. Institution	Sundar Pichai CEO	0.08% $2.0M	1.90% 1.1M shares	Q3 2021 Held for 4y 2m	$2.4B
B BAKER BROS. ADVISORS LP Hedge Fund•Sector	Scott Lawrence Lessing President	0.05% $5.1M	4.91% 2.8M shares	Q3 2021 Held for 4y 2m	$10.8B
T TANG CAPITAL MANAGEMENT LLC Institution	-	0.04% $1.1M	1.06% 600.0K shares	Q4 2024 Held for 11 months	$2.5B

Hedge Fund Spotlight

Discover hedge funds investing in TCRX

Militia Capital Partners, LP

Hedge Fund • Long/Short

Portfolio Value: $195.8M
Positions: 153
Last Reported: Q3 2025

Sector Allocation

Position in TScan Therapeutics, Inc.

Market Value: $185.8K
Shares Held: 102.1K
Portfolio Weight: 0.09%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 OMAB Grupo Aeroportuario del Centro Norte OMAB	Unknown Unknown	$8.6M	4.40%
2 Amazon AMZN	Specialty Retail Consumer Cyclical	$8.3M	4.22%
3 Energy Transfer ET	Oil & Gas Midstream Energy	$8.2M	4.18%

View full profile

TScan Therapeutics, Inc.

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in TScan Therapeutics, Inc.

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