Vericel

VCEL • NASDAQ

Vericel is a biotechnology company in the healthcare sector on NASDAQ, led by Dominick C. Colangelo, with a market cap of $1.8B. As of Q3 2025, 105% of shares are held by 245 institutional investors, with BlackRock, Inc. as the largest holder at 15.0%.

CEODominick C. Colangelo

Market Cap$1.8B

Biotechnology

Healthcare

Employees314.0

Websitevcel.com

Country

United States of America

Overview

Overview of institutional ownership in VCEL as of Q3 2025 with a market cap of $1.6B

All Institutions

Institutions: 245
Value Held: $1.7B
Shares Held: 53.1M
Avg Position: $6.8M
Median Position: $624.8K

Hedge Funds

Hedge Funds: 23
Value Held: $63.3M
Shares Held: 2.0M
Avg Position: $2.8M
Median Position: $1.6M

Ownership Breakdown

Institutional (non-HF)

101.19%

$1.6B

Hedge Funds

3.98%

$63.3M

Retail & Other

Based on market cap of $1.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in VCEL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$238.2M 0.00% of portfolio	15.00% 7.6M shares	Q1 2017 Held for 8y 8m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$110.6M 0.00% of portfolio	6.97% 3.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$88.3M 0.00% of portfolio	5.56% 2.8M shares	Q1 2016 Held for 9y 8m	$2.88T
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	Brent Walker Gledhill CEO	$69.6M 0.18% of portfolio	4.38% 2.2M shares	Q1 2021 Held for 4y 8m	$38.7B
Conestoga Capital Advisors, LLC Long Only Manager	Joseph Francis Monahan Partner	$68.5M 1.10% of portfolio	4.31% 2.2M shares	Q3 2019 Held for 6y 2m	$6.2B
FMR LLC Institution	-	$63.5M 0.00% of portfolio	4.00% 2.0M shares	Q2 2020 Held for 5y 5m	$1.92T
BROWN CAPITAL MANAGEMENT LLC Long Only Manager	Keith Allison Lee CEO	$61.4M 2.53% of portfolio	3.87% 2.0M shares	Q2 2020 Held for 5y 5m	$2.4B
GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager	Jose Manuel Munoz Quiroga Managing Partner	$61.3M 1.05% of portfolio	3.86% 1.9M shares	Q3 2023 Held for 2y 2m	$5.8B
CONGRESS ASSET MANAGEMENT CO /MA Long Only Manager	Daniel Anthony Lagan CEO	$47.0M 0.31% of portfolio	2.96% 1.5M shares	Q3 2023 Held for 2y 2m	$15.0B
GANNETT WELSH & KOTLER Long Only Manager	Thomas F X Powers CEO	$40.6M 0.36% of portfolio	2.56% 1.3M shares	Q2 2019 Held for 6y 5m	$11.2B

Net Capital Flow

Institutional buying and selling activity for VCEL in Q3 2025

Traded: −$47.4M
Buyers: 114
Sellers: 142
Total Bought: +$164.0M
Total Sold: −$211.3M
Avg Position: $5.7M

Biggest Buyers

Institution	Net Bought	Current Position
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	+$33.0M +1.0M shares	$69.6M 2.2M shares
Soleus Capital Management, L.P. Hedge Fund•Long/Short	+$14.1M +447.0K shares	$15.7M 498.0K shares
STATE STREET CORP Institution	+$11.7M +371.8K shares	$88.3M 2.8M shares
S Standard Life Aberdeen plc Institution	+$10.5M +333.6K shares	$17.1M 542.9K shares
Woodline Partners LP Hedge Fund•Long/Short	+$8.4M +267.2K shares	$8.4M 267.2K shares
A Advisor Group Holdings, Inc. Institution	+$6.0M +189.6K shares	$6.1M 192.5K shares
D D. E. Shaw & Co., Inc. Institution	+$5.2M +166.3K shares	$7.7M 243.3K shares
GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager	+$5.1M +161.4K shares	$61.3M 1.9M shares
B BNP Paribas Investment Partners S.A. Institution	+$4.7M +147.8K shares	$39.9M 1.3M shares
S Summit Creek Advisors LLC Long Only Manager	+$4.3M +138.1K shares	$16.7M 531.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
Invesco Ltd. ETF Provider	−$39.3M −1.2M shares	$23.4M 744.9K shares
NEXT CENTURY GROWTH INVESTORS LLC Long Only Manager	−$28.5M −668.6K shares	Sold Off 0 shares
BROWN CAPITAL MANAGEMENT LLC Long Only Manager	−$27.1M −861.0K shares	$61.4M 2.0M shares
FMR LLC Institution	−$14.4M −456.3K shares	$63.5M 2.0M shares
FRANKLIN RESOURCES INC Institution	−$9.4M −297.4K shares	$1.3M 39.8K shares
Conestoga Capital Advisors, LLC Long Only Manager	−$9.1M −288.3K shares	$68.5M 2.2M shares
FEDERATED INVESTORS INC /PA/ Long Only Manager	−$7.9M −250.7K shares	$28.2M 894.6K shares
CONGRESS ASSET MANAGEMENT CO /MA Long Only Manager	−$7.8M −247.7K shares	$47.0M 1.5M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$6.9M −220.1K shares	$7.0M 222.1K shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	−$4.2M −98.6K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 12
New Value: $16.4M
Exited Positions: 48
Exited Value: $49.6M

New Positions

Institution	Position Value
Woodline Partners LP Hedge Fund•Long/Short	$8.4M 267.2K shares
Crawford Fund Management, LLC Hedge Fund•Long/Short	$3.5M 110.0K shares
T Torrey Growth & Income Advisors RIA/Wealth	$2.4M 77.7K shares
Cetera Investment Advisers RIA/Wealth	$742.1K 23.6K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$578.5K 18.4K shares
R RICE HALL JAMES & ASSOCIATES, LLC Long Only Manager	$313.3K 10.0K shares
Round Rock Advisors, LLC RIA/Wealth	$276.7K 8.8K shares
ISAM Funds Ltd Hedge Fund•Quant	$160.3K 5.1K shares
A Abich Financial Wealth Management LLC RIA/Wealth	$31.5K 1.0K shares
S Salomon & Ludwin, LLC Institution	$13.7K 421.0 shares

Exited Positions

Institution	Previous Position
NEXT CENTURY GROWTH INVESTORS LLC Long Only Manager	$28.5M 668.6K shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	$4.2M 98.6K shares
AH Lisanti Capital Growth, LLC Long Only Manager	$3.4M 79.9K shares
SCHOLTZ & COMPANY, LLC RIA/Wealth	$2.2M 50.6K shares
FIRST TRUST ADVISORS LP ETF Provider	$1.8M 41.4K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.1M 25.3K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$878.4K 20.6K shares
Legato Capital Management LLC Fund of Funds	$645.9K 15.2K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$561.2K 13.2K shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$501.7K 11.8K shares

Options Activity

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

Call Positions: 3
Call Value: $1.1M
Put Positions: 1
Put Value: $286.4K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$900.0K 286.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$223.4K 71.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$286.4K 91.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
K Kopp Family Office, LLC Institution	-	3.54% $5.4M	0.34% 172.7K shares	Q4 2019 Held for 5y 11m	$153.6M
BROWN CAPITAL MANAGEMENT LLC Long Only Manager	Keith Allison Lee CEO	2.53% $61.4M	3.87% 2.0M shares	Q2 2020 Held for 5y 5m	$2.4B
S Summit Creek Advisors LLC Long Only Manager	Adam Nathan Benson Managing Partner	2.44% $16.7M	1.05% 531.6K shares	Q2 2020 Held for 5y 5m	$686.1M
Crawford Fund Management, LLC Hedge Fund•Long/Short	Christopher Leigh Crawford Managing Partner	1.87% $3.5M	0.22% 110.0K shares	Q3 2025 Held for 2 months	$185.0M
Conestoga Capital Advisors, LLC Long Only Manager	Joseph Francis Monahan Partner	1.10% $68.5M	4.31% 2.2M shares	Q3 2019 Held for 6y 2m	$6.2B
GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager	Jose Manuel Munoz Quiroga Managing Partner	1.05% $61.3M	3.86% 1.9M shares	Q3 2023 Held for 2y 2m	$5.8B
F First Washington CORP RIA/Wealth	David Dixon Lewis Chairman	0.94% $3.5M	0.22% 111.1K shares	Q2 2017 Held for 8y 5m	$373.0M
Soleus Capital Management, L.P. Hedge Fund•Long/Short	Guy Bezalel Levy CIO	0.86% $15.7M	0.99% 498.0K shares	Q4 2024 Held for 11 months	$1.8B
T Torrey Growth & Income Advisors RIA/Wealth	George Richard Hoover Managing Partner	0.72% $2.4M	0.15% 77.7K shares	Q3 2025 Held for 2 months	$339.8M
OSTERWEIS CAPITAL MANAGEMENT INC Long Only Manager	Carl Philip Kaufman CEO	0.57% $9.7M	0.61% 308.1K shares	Q2 2025 Held for 5 months	$1.7B

Hedge Fund Spotlight

Discover hedge funds investing in VCEL

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in Vericel

Market Value: $5.7M
Shares Held: 181.1K
Portfolio Weight: 0.00%
Owned Since: 2016-Q4

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%