undamentalytics Newsletter

X4 Pharmaceuticals, Inc: which funds bought and sold

Institutions that bought and sold X4 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, 57 institutions that filed 13F reports for both quarters added to or opened positions in X4 Pharmaceuticals, and 39 cut or closed them. Together they added a net 7.1M shares, +7.5% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 1.4M shares (+4.8%); index fund managers were net buyers of 8.0M shares (+118.0%). 33 opened a new position and 26 sold out entirely.

Bought, Q2 2026 57 institutions, 33 of them new holders Sold, Q2 2026 39 institutions, 26 of them sold out
Net change, all compared +7.1M shares (+7.5%)
Net change, active managers +1.4M shares (+4.8%), 13 bought, 10 sold

Buyers versus sellers

institutions compared, 114
Active managers and hedge funds 13 bought · 10 sold · +1.4M
Index fund managers 10 bought · 1 sold · +8.0M
Other institutions 34 bought · 28 sold · −2.4M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Blackrock, Inc. Index funds +4.3M +358.4% 5.6M $25.9M
Nantahala Capital Management, LLC Hedge fund +2.4M +100.0% 4.9M $22.9M
Venrock Adviser, LLC +1.6M +485.2% 1.9M $9M
Perceptive Advisors LLC Hedge fund +1.2M +17.7% 7.9M $37M
Geode Capital Management, LLC Index funds +1.2M +123.3% 2.1M $9.8M
State Street Corp Index funds +892K +221.2% 1.3M $6.1M
Vanguard Portfolio Management LLC Index funds +542K New position 542K $2.5M
Saturn V Capital Management LP +517K +8.0% 7.0M $32.6M
Northern Trust Corp Index funds +475K +266.3% 653K $3M
Verdad Advisers, LP +352K New position 352K $1.6M
FMR LLC Active manager +218K +2.7% 8.3M $38.9M
Vanguard Capital Management LLC Index funds +218K +6.2% 3.7M $17.4M
Charles Schwab Investment Management Inc Index funds +197K +294.4% 263K $1.2M
Bank Of New York Mellon Corp +196K New position 196K $916,908
Nuveen, LLC +107K New position 107K $501,507
Alps Advisors Inc +96K New position 96K $447,040
Rhumbline Advisers Index funds +95K New position 95K $444,022
Vanguard Fiduciary Trust Co Index funds +91K +19.0% 572K $2.7M
Deutsche Bank Ag\ +79K New position 79K $368,393
Invesco Ltd. +77K +384.6% 97K $451,926

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Empery Asset Management, LP −2.0M −22.5% 6.9M $32.4M
Stempoint Capital LP −1.7M Sold out 0 —
Millennium Management LLC Hedge fund −1.2M Sold out 0 —
Susquehanna International Group, LLP −842K −98.4% 14K $65,614
Deep Track Capital, LP Hedge fund −461K −7.3% 5.9M $27.5M
Samsara Biocapital, LLC −437K −23.8% 1.4M $6.5M
Braidwell LP Hedge fund −350K −10.7% 2.9M $13.6M
Marshall Wace, LLP Hedge fund −337K Sold out 0 —
Qube Research & Technologies Ltd Hedge fund −219K Sold out 0 —
UBS Group AG −209K −78.3% 58K $271,060
Pale Fire Capital Se −168K Sold out 0 —
Brevan Howard Capital Management LP Hedge fund −127K Sold out 0 —
Stonepine Capital Management, LLC −110K −32.9% 225K $1.1M
Bank Of America Corp −104K −68.9% 47K $218,841
Palumbo Wealth Management LLC −64K −48.8% 67K $313,432
Omers Administration Corp −57K Sold out 0 —
Hudson Bay Capital Management LP Hedge fund −50K Sold out 0 —
Catalyst Funds Management Pty Ltd −47K Sold out 0 —
Jane Street Group, LLC −37K Sold out 0 —
Dynamic Technology Lab Private Ltd −36K Sold out 0 —

New positions

largest by value
InstitutionSharesValue June 30, 2026
Vanguard Portfolio Management LLCIndex funds 542K $2.5M
Verdad Advisers, LP 352K $1.6M
Bank Of New York Mellon Corp 196K $916,908
Nuveen, LLC 107K $501,507
Alps Advisors Inc 96K $447,040
Rhumbline AdvisersIndex funds 95K $444,022
Deutsche Bank Ag\ 79K $368,393
Gsa Capital Partners LLP 76K $356,000
American Century Companies IncActive manager 75K $349,293
Wells Fargo & Company 68K $316,215

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Stempoint Capital LP 1.7M $7M
Millennium Management LLCHedge fund 1.2M $5M
Marshall Wace, LLPHedge fund 337K $1.4M
Qube Research & Technologies LtdHedge fund 219K $904,280
Pale Fire Capital Se 168K $692,147
Brevan Howard Capital Management LPHedge fund 127K $525,836
Dynamic Technology Lab Private Ltd 36K $384,667
Omers Administration Corp 57K $236,649
Hudson Bay Capital Management LPHedge fund 50K $207,685
Catalyst Funds Management Pty Ltd 47K $195,692

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
88
Ten largest holders
69.9%
of 13F-reported shares
Index fund managers
14.5%
of 13F-reported shares
Active managers and hedge funds
30.7%
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 13 10 8 8 +1.4M +4.8%
Index fund managers 10 1 3 1 +8.0M +118.0%
Other institutions 34 28 22 17 −2.4M −4.0%

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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