Inovio Pharmaceuticals, Inc.: which funds bought and sold
Institutions that bought and sold Inovio Pharmaceuticals shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.
Between March 31, 2026 and June 30, 2026, 48 institutions that filed 13F reports for both quarters added to or opened positions in Inovio Pharmaceuticals, and 33 cut or closed them. Together they sold a net 418K shares, −1.5% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 1.5M shares (−7.2%); index fund managers were net buyers of 871K shares (+16.3%). 21 opened a new position and 18 sold out entirely.
Bought, Q2 2026 48 institutions, 21 of them new holders Sold, Q2 2026 33 institutions, 18 of them sold out
Net change, all compared −418K shares (−1.5%)
Net change, active managers −1.5M shares (−7.2%), 6 bought, 9 sold
Buyers versus sellers
48 bought 36 33 sold
Active managers and hedge funds 6 bought · 9 sold · −1.5M
Index fund managers 5 bought · 2 sold · +871K
Other institutions 37 bought · 22 sold · +178K
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Two Sigma Investments, LP Hedge fund | +849K +217.6% | 1.2M | $1.4M |
| Vanguard Capital Management LLC Index funds | +749K +25.8% | 3.7M | $4M |
| ADAR1 Capital Management, LLC Hedge fund | +674K +45.8% | 2.1M | $2.4M |
| Caption Management, LLC | +479K New position | 479K | $526,845 |
| Boxer Capital Management, LLC Hedge fund | +475K +20.0% | 2.8M | $3.1M |
| Quadrature Capital Ltd Hedge fund | +259K New position | 259K | $284,821 |
| Nomura Holdings Inc | +150K New position | 150K | $165,000 |
| DZ Bank AG Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main | +134K New position | 134K | $147,012 |
| HRT Financial LP | +128K +987.2% | 140K | $154,000 |
| Blackrock, Inc. Index funds | +117K +17.7% | 779K | $856,963 |
| Jane Street Group, LLC | +94K +305.7% | 125K | $136,977 |
| Vanguard Fiduciary Trust Co Index funds | +89K +22.6% | 481K | $528,846 |
| Invesco Ltd. | +80K New position | 80K | $88,372 |
| Goldman Sachs Group Inc | +49K +109.6% | 94K | $103,092 |
| State Street Corp Index funds | +40K +13.6% | 337K | $370,271 |
| Engineers Gate Manager LP Hedge fund | +34K New position | 34K | $37,060 |
| Headlands Technologies LLC | +30K New position | 30K | $32,878 |
| Zacks Investment Management | +26K New position | 26K | $29,079 |
| Raymond James Financial Inc | +26K +155.6% | 42K | $46,515 |
| Two Sigma Securities, LLC | +16K New position | 16K | $17,554 |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Two Sigma Investments, LP Hedge fund | +849K +217.6% | 1.2M | $1.4M |
| ADAR1 Capital Management, LLC Hedge fund | +674K +45.8% | 2.1M | $2.4M |
| Boxer Capital Management, LLC Hedge fund | +475K +20.0% | 2.8M | $3.1M |
| Quadrature Capital Ltd Hedge fund | +259K New position | 259K | $284,821 |
| Engineers Gate Manager LP Hedge fund | +34K New position | 34K | $37,060 |
| Squarepoint Ops LLC Hedge fund | +12K +46.5% | 36K | $40,030 |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| FMR LLC Active manager | −885K −9.5% | 8.5M | $9.3M |
| D. E. Shaw & Co., Inc. Hedge fund | −861K −38.9% | 1.4M | $1.5M |
| Adage Capital Partners Gp, L.L.C. Hedge fund | −805K Sold out | 0 | — |
| Millennium Management LLC Hedge fund | −615K −43.6% | 796K | $875,718 |
| Diadema Partners LP | −563K Sold out | 0 | — |
| Renaissance Technologies LLC Hedge fund | −282K −43.9% | 361K | $397,473 |
| 683 Capital Management, LLC Hedge fund | −249K Sold out | 0 | — |
| Persistent Asset Partners Ltd | −142K Sold out | 0 | — |
| Northern Trust Corp Index funds | −124K −41.6% | 174K | $191,833 |
| Xtx Topco Ltd | −107K −50.2% | 106K | $116,416 |
| Susquehanna International Group, LLP | −57K Sold out | 0 | — |
| CIBC Bancorp Usa Inc. | −50K Sold out | 0 | — |
| Citadel Advisors LLC Hedge fund | −45K −15.6% | 242K | $265,952 |
| Tower Research Capital LLC (TRC) | −42K −76.0% | 13K | $14,631 |
| Imc-Chicago, LLC | −38K Sold out | 0 | — |
| Bank Of America Corp | −33K Sold out | 0 | — |
| Nine Masts Capital Ltd | −26K Sold out | 0 | — |
| Diametric Capital, LP | −24K Sold out | 0 | — |
| Qube Research & Technologies Ltd Hedge fund | −15K Sold out | 0 | — |
| Morgan Stanley | −14K −21.3% | 50K | $55,283 |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| FMR LLC Active manager | −885K −9.5% | 8.5M | $9.3M |
| D. E. Shaw & Co., Inc. Hedge fund | −861K −38.9% | 1.4M | $1.5M |
| Adage Capital Partners Gp, L.L.C. Hedge fund | −805K Sold out | 0 | — |
| Millennium Management LLC Hedge fund | −615K −43.6% | 796K | $875,718 |
| Renaissance Technologies LLC Hedge fund | −282K −43.9% | 361K | $397,473 |
| 683 Capital Management, LLC Hedge fund | −249K Sold out | 0 | — |
| Citadel Advisors LLC Hedge fund | −45K −15.6% | 242K | $265,952 |
| Qube Research & Technologies Ltd Hedge fund | −15K Sold out | 0 | — |
| Marshall Wace, LLP Hedge fund | −13K Sold out | 0 | — |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| Caption Management, LLC | 479K | $526,845 |
| Quadrature Capital LtdHedge fund | 259K | $284,821 |
| Nomura Holdings Inc | 150K | $165,000 |
| DZ Bank AG Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main | 134K | $147,012 |
| Invesco Ltd. | 80K | $88,372 |
| Engineers Gate Manager LPHedge fund | 34K | $37,060 |
| Headlands Technologies LLC | 30K | $32,878 |
| Zacks Investment Management | 26K | $29,079 |
| Stonex Group Inc. | 14K | $18,077 |
| Two Sigma Securities, LLC | 16K | $17,554 |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Adage Capital Partners Gp, L.L.C.Hedge fund | 805K | $1.4M |
| Diadema Partners LP | 563K | $979,037 |
| 683 Capital Management, LLCHedge fund | 249K | $432,895 |
| Persistent Asset Partners Ltd | 142K | $247,365 |
| Susquehanna International Group, LLP | 57K | $98,940 |
| CIBC Bancorp Usa Inc. | 50K | $87,000 |
| Imc-Chicago, LLC | 38K | $65,927 |
| Bank Of America Corp | 33K | $56,858 |
| Nine Masts Capital Ltd | 26K | $45,792 |
| Diametric Capital, LP | 24K | $42,614 |
Who holds the shares
- Institutions reporting
- 101
- Ten largest holders
- 83.8% of 13F-reported shares
- Index fund managers
- 19.0% of 13F-reported shares
- Active managers and hedge funds
- 57.8% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 6 | 9 | 2 | 4 | −1.5M | −7.2% |
| Index fund managers | 5 | 2 | 0 | 1 | +871K | +16.3% |
| Other institutions | 37 | 22 | 19 | 13 | +178K | +7.9% |
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