Vera Therapeutics

VERA • NASDAQ

Vera Therapeutics is a biotechnology company in the healthcare sector on NASDAQ, led by Marshall Fordyce, M.D., with a market cap of $2.7B. As of Q3 2025, 102% of shares are held by 171 institutional investors, with venBio Select Advisor LLC as the largest holder at 9.73%.

Chief Executive OfficerMarshall Fordyce, M.D.

Market Cap$2.7B

Biotechnology

Healthcare

Employees55.0

Websiteveratx.com

Country

United States of America

Overview

Overview of institutional ownership in VERA as of Q3 2025 with a market cap of $1.9B

All Institutions

Institutions: 171
Value Held: $1.9B
Shares Held: 64.8M
Avg Position: $11.0M
Median Position: $1.2M

Hedge Funds

Hedge Funds: 35
Value Held: $684.1M
Shares Held: 23.5M
Avg Position: $19.5M
Median Position: $8.8M

Ownership Breakdown

Institutional (non-HF)

64.7%

$1.2B

Hedge Funds

36.88%

$684.1M

Retail & Other

Based on market cap of $1.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in VERA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
venBio Select Advisor LLC RIA/Wealth	Behzad Aghazadeh Managing Partner	$180.5M 2.33% of portfolio	9.73% 6.2M shares	Q1 2024 Held for 1y 8m	$7.7B
B BlackRock, Inc. Institution	-	$123.4M 0.00% of portfolio	6.65% 4.2M shares	Q2 2021 Held for 4y 5m	$5.67T
K Kynam Capital Management, LP Hedge Fund•Long/Short	Jared Joseph Keller COO	$117.0M 8.71% of portfolio	6.31% 4.0M shares	Q4 2021 Held for 3y 11m	$1.3B
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$106.5M 0.01% of portfolio	5.74% 3.7M shares	Q1 2024 Held for 1y 8m	$912.31B
DEERFIELD MANAGEMENT CO /NY Hedge Fund•Long/Short	James Edward Flynn President	$105.8M 1.75% of portfolio	5.71% 3.6M shares	Q1 2025 Held for 8 months	$6.0B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$92.7M 0.00% of portfolio	5.00% 3.2M shares	Q2 2021 Held for 4y 5m	$6.69T
FMR LLC Institution	-	$82.6M 0.00% of portfolio	4.45% 2.8M shares	Q2 2021 Held for 4y 5m	$1.92T
Eversept Partners, LLC Hedge Fund•Long/Short	Rishi Rasesh Shah President	$81.6M 6.25% of portfolio	4.40% 2.8M shares	Q3 2022 Held for 3y 2m	$1.3B
S Sofinnova Ventures Inc Venture Capital	James Irvin Healy Managing Partner	$81.2M 4.98% of portfolio	4.38% 2.8M shares	Q2 2021 Held for 4y 5m	$1.6B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$67.8M 0.00% of portfolio	3.66% 2.3M shares	Q3 2021 Held for 4y 2m	$2.88T

Net Capital Flow

Institutional buying and selling activity for VERA in Q3 2025

Net Flow: −$56.0M
Buyers: 73
Sellers: 78
Total Bought: +$241.1M
Total Sold: −$297.1M
Avg Position: $10.1M

Biggest Buyers

Institution	Net Bought	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$30.6M +1.1M shares	$46.9M 1.6M shares
T Tri Locum Partners LP Hedge Fund•Long/Short	+$22.6M +777.1K shares	$34.6M 1.2M shares
Pictet Asset Management Holding SA Long Only Manager	+$19.4M +666.3K shares	$41.8M 1.4M shares
K Kynam Capital Management, LP Hedge Fund•Long/Short	+$17.5M +600.9K shares	$117.0M 4.0M shares
Integral Health Asset Management, LLC Hedge Fund•Sector	+$16.0M +550.0K shares	$49.4M 1.7M shares
Eversept Partners, LLC Hedge Fund•Long/Short	+$12.3M +424.8K shares	$81.6M 2.8M shares
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	+$11.6M +400.0K shares	$15.6M 536.0K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$11.0M +379.6K shares	$17.4M 598.5K shares
STATE STREET CORP Institution	+$9.2M +315.9K shares	$67.8M 2.3M shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	+$8.9M +307.2K shares	$19.7M 680.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
Vestal Point Capital, LP Hedge Fund•Long/Short	−$68.0M −2.3M shares	$22.1M 760.0K shares
MORGAN STANLEY RIA/Wealth	−$57.1M −2.0M shares	$8.0M 274.5K shares
Woodline Partners LP Hedge Fund•Long/Short	−$54.4M −1.9M shares	$21.4M 737.6K shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$23.6M −813.3K shares	$106.5M 3.7M shares
COMMODORE CAPITAL LP Hedge Fund•Long/Short	−$18.8M −800.0K shares	Sold Off 0 shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	−$9.5M −401.4K shares	Sold Off 0 shares
Affinity Asset Advisors, LLC Hedge Fund•Long/Short	−$7.0M −241.7K shares	$8.8M 303.3K shares
JPMORGAN CHASE & CO Institution	−$6.6M −228.2K shares	$2.4M 82.4K shares
S Siren, L.L.C. Institution	−$5.8M −247.2K shares	Sold Off 0 shares
A AXA Institution	−$5.4M −229.0K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 13
New Value: $50.6M
Exited Positions: 31
Exited Value: $54.5M

New Positions

Institution	Position Value
Partner Fund Management, L.P. Hedge Fund•Sector	$14.9M 513.7K shares
B BRAIDWELL LP Hedge Fund•Multi-Strategy	$13.7M 472.7K shares
C Capricorn Fund Managers Ltd Institution	$13.1M 450.7K shares
Rhenman & Partners Asset Management AB RIA/Wealth	$3.8M 130.0K shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	$3.0M 102.2K shares
S Swedbank AB Institution	$1.5M 50.0K shares
C Corton Capital Inc. Institution	$306.9K 10.6K shares
H Headlands Technologies LLC Institution	$232.3K 8.0K shares
Point72 Europe LLP Digital Asset Manager	$35.7K 1.2K shares
O Optiver Holding B.V. Institution	$13.5K 464.0 shares

Exited Positions

Institution	Previous Position
COMMODORE CAPITAL LP Hedge Fund•Long/Short	$18.8M 800.0K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$9.5M 401.4K shares
S Siren, L.L.C. Institution	$5.8M 247.2K shares
A AXA Institution	$5.4M 229.0K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$3.7M 155.8K shares
B Bollard Group LLC Family Office	$1.5M 64.0K shares
PRUDENTIAL FINANCIAL INC Institution	$1.5M 62.0K shares
X XTX Topco Ltd Institution	$1.4M 57.9K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$1.4M 57.5K shares
Q Quadrature Capital Ltd Institution	$851.7K 36.1K shares

Options Activity

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

Call Positions: 9
Call Value: $2.4M
Put Positions: 6
Put Value: $5.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.9M 665.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$438.8K 151.0 contracts
Walleye Trading LLC RIA/Wealth	$43.6K 15.0 contracts
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	- - contracts
J JANE STREET GROUP, LLC Institution	- - contracts
Caption Management, LLC Hedge Fund•Long/Short	- - contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
UBS OCONNOR LLC Long Only Manager	- - contracts
Ikarian Capital, LLC Hedge Fund•Event Driven	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.6M 910.0 contracts
J JANE STREET GROUP, LLC Institution	$1.9M 653.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$418.5K 144.0 contracts
Walleye Trading LLC RIA/Wealth	$40.7K 14.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$2.9K 1.0 contracts
B Belvedere Trading LLC Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
K Kynam Capital Management, LP Hedge Fund•Long/Short	Jared Joseph Keller COO	8.71% $117.0M	6.31% 4.0M shares	Q4 2021 Held for 3y 11m	$1.3B
T Tri Locum Partners LP Hedge Fund•Long/Short	Prashanth Nmn Jayaram CIO	7.95% $34.6M	1.86% 1.2M shares	Q1 2025 Held for 8 months	$435.1M
Eversept Partners, LLC Hedge Fund•Long/Short	Rishi Rasesh Shah President	6.25% $81.6M	4.40% 2.8M shares	Q3 2022 Held for 3y 2m	$1.3B
S Sofinnova Ventures Inc Venture Capital	James Irvin Healy Managing Partner	4.98% $81.2M	4.38% 2.8M shares	Q2 2021 Held for 4y 5m	$1.6B
C Capricorn Fund Managers Ltd Institution	-	4.40% $13.1M	0.71% 450.7K shares	Q3 2025 Held for 2 months	$297.8M
Integral Health Asset Management, LLC Hedge Fund•Sector	Bhagwan Jay Rao CIO	3.73% $49.4M	2.66% 1.7M shares	Q1 2024 Held for 1y 8m	$1.3B
Exome Asset Management LLC Hedge Fund•Sector	Alex R Forschner President	3.06% $4.5M	0.24% 156.1K shares	Q2 2025 Held for 5 months	$148.0M
MPM Oncology Impact Management LP Institution	Christian Albrecht Wulf Von Schimmelmann Managing Partner	2.68% $16.4M	0.88% 563.1K shares	Q4 2024 Held for 11 months	$610.9M
venBio Select Advisor LLC RIA/Wealth	Behzad Aghazadeh Managing Partner	2.33% $180.5M	9.73% 6.2M shares	Q1 2024 Held for 1y 8m	$7.7B
S Soviero Asset Management, LP Hedge Fund•Long/Short	Thomas E King CFO	1.80% $2.9M	0.16% 100.0K shares	Q2 2025 Held for 5 months	$161.8M

Hedge Fund Spotlight

Discover hedge funds investing in VERA

Aquatic Capital Management LLC

Hedge Fund • Quant

Portfolio ManagerJonathan Cullen Graham

Portfolio Value: $5.4B
Positions: 1,343
Last Reported: Q3 2025

Sector Allocation

Position in Vera Therapeutics

Market Value: $604.0K
Shares Held: 20.8K
Portfolio Weight: 0.01%
Owned Since: 2025-Q2

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3 Microsoft MSFT	Software - Infrastructure Technology	$79.3M	1.47%