undamentalytics Newsletter

Upstream Bio, Inc.: which funds bought and sold

Institutions that bought and sold Upstream Bio 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, 100 institutions that filed 13F reports for both quarters added to or opened positions in Upstream Bio, and 56 cut or closed them. Together they added a net 1.9M shares, +4.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 2.1M shares (+14.3%); index fund managers were net buyers of 470K shares (+5.6%). 36 opened a new position and 28 sold out entirely.

Bought, Q2 2026 100 institutions, 36 of them new holders Sold, Q2 2026 56 institutions, 28 of them sold out
Net change, all compared +1.9M shares (+4.3%)
Net change, active managers +2.1M shares (+14.3%), 27 bought, 11 sold

Buyers versus sellers

institutions compared, 174
Active managers and hedge funds 27 bought · 11 sold · +2.1M
Index fund managers 7 bought · 2 sold · +470K
Other institutions 66 bought · 43 sold · −670K

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Jpmorgan Chase & Co +549K +118.6% 1.0M $7M
Walleye Capital LLC Hedge fund +498K New position 498K $3.4M
AQR Capital Management LLC Hedge fund +473K +655.0% 545K $3.8M
BNP Paribas Financial Markets +386K +306.0% 512K $3.5M
Blackrock, Inc. Index funds +383K +11.4% 3.8M $26M
Qube Research & Technologies Ltd Hedge fund +359K +58.0% 979K $6.8M
Bank Of America Corp +343K +708.4% 392K $2.7M
Dimensional Fund Advisors LP +302K +377.0% 382K $2.6M
Trexquant Investment LP Hedge fund +290K +164.0% 466K $3.2M
Voleon Capital Management LP Hedge fund +285K New position 285K $2M
Point72 Asset Management, L.P. Hedge fund +275K +154.3% 453K $3.1M
Jacobs Levy Equity Management, Inc Active manager +253K New position 253K $1.8M
Squarepoint Ops LLC Hedge fund +246K +551.9% 291K $2M
D. E. Shaw & Co., Inc. Hedge fund +216K +26.3% 1.0M $7.2M
Millennium Management LLC Hedge fund +206K +22.0% 1.1M $7.9M
Acadian Asset Management LLC Active manager +175K New position 175K $1.2M
Arrowstreet Capital, Limited Partnership Hedge fund +173K +93.3% 358K $2.5M
HRT Financial LP +171K New position 171K $1.2M
Parkman Healthcare Partners LLC +148K +18.9% 935K $6.5M
Algert Global LLC Hedge fund +119K New position 119K $820,920

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Federated Hermes, Inc. Active manager −980K Sold out 0 —
Pictet Asset Management Holding SA −733K Sold out 0 —
HSBC Holdings PLC −630K −98.3% 11K $77,602
Nantahala Capital Management, LLC Hedge fund −400K Sold out 0 —
Samsara Biocapital, LLC −382K −51.9% 354K $2.4M
Y-Intercept (Hong Kong) Ltd −307K −30.7% 694K $4.8M
Alyeska Investment Group, L.P. Hedge fund −298K Sold out 0 —
Bain Capital Life Sciences Investors, LLC −266K −30.7% 601K $4.2M
Prosight Management, LP −241K Sold out 0 —
Tcg Crossover Management, LLC −181K Sold out 0 —
Sphera Funds Management Ltd. −138K −38.6% 220K $1.5M
Jump Financial, LLC −96K −30.1% 223K $1.5M
Goldman Sachs Group Inc −70K −22.0% 247K $1.7M
Marshall Wace, LLP Hedge fund −67K Sold out 0 —
Exoduspoint Capital Management, LP Hedge fund −50K −55.1% 41K $284,031
ADAR1 Capital Management, LLC Hedge fund −35K Sold out 0 —
Aquatic Capital Management LLC −31K Sold out 0 —
Bleakley Financial Group, LLC −29K Sold out 0 —
Morgan Stanley −28K −5.1% 525K $3.6M
Tudor Investment Corp Et Al Hedge fund −26K Sold out 0 —

New positions

largest by value
InstitutionSharesValue June 30, 2026
Walleye Capital LLCHedge fund 498K $3.4M
Voleon Capital Management LPHedge fund 285K $2M
Jacobs Levy Equity Management, IncActive manager 253K $1.8M
Acadian Asset Management LLCActive manager 175K $1.2M
HRT Financial LP 171K $1.2M
Algert Global LLCHedge fund 119K $820,920
Brevan Howard Capital Management LPHedge fund 50K $348,553
Allspring Global Investments Holdings, LLC 43K $298,819
Two Sigma Investments, LPHedge fund 42K $292,889
Nverses Capital, LLC 24K $166,280

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Federated Hermes, Inc.Active manager 980K $8.8M
Pictet Asset Management Holding SA 733K $6.6M
Nantahala Capital Management, LLCHedge fund 400K $3.6M
Alyeska Investment Group, L.P.Hedge fund 298K $2.7M
Prosight Management, LP 241K $2.2M
Tcg Crossover Management, LLC 181K $1.6M
Marshall Wace, LLPHedge fund 67K $600,930
ADAR1 Capital Management, LLCHedge fund 35K $315,000
Aquatic Capital Management LLC 31K $283,356
Bleakley Financial Group, LLC 29K $259,776

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
148
Ten largest holders
62.5%
of 13F-reported shares
Index fund managers
17.6%
of 13F-reported shares
Active managers and hedge funds
33.5%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 27 11 12 9 +2.1M +14.3%
Index fund managers 7 2 0 0 +470K +5.6%
Other institutions 66 43 24 19 −670K −3.1%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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