Institutional HoldersBeta

Who holds a company, from every 13F filed for the quarter, one row per filer exactly as filed, against the latest share count the company reported.

Aardvark Therapeutics, Inc.

CIK 0001774857AARD· quarter ending 2026-06-30

Shares outstanding

21,884,846

as of 2026-07-31 · 10-Q cover page, filed 2026-08-11

Held by 13F filers

9,547,042

43.6% of shares outstanding

Holders

-8 vs 2026-03-31 · 18 new, 26 exited

Value

$55.0M

shares -6.4% vs prior quarter

Share classes (cover page of the 10-Q filed 2026-08-11, as of 2026-07-31)

Class	Listed	Shares outstanding	Held by 13F filers	% of class	Holders	CUSIP
Common stock	AARD · NASDAQ	21,884,846	9,547,042	43.6%	71	002942100

Each class is compared with its own share count; classes are not added together. A class that is not exchange-listed cannot be held by 13F filers.

Securities (CUSIPs held in 13F this quarter)

tick to combine

Count	CUSIP	Class (as filers write it)	Holders	Shares held	Class shares	% of class	Value	Options	Mapped via
	002942100	COM	71	9,547,042	21,884,846	43.6%	$55.0M	1 call / 2 put	13DG	holders →

Totals combine the ticked CUSIPs and update as you tick: common-stock classes by default; preferreds, notes, warrants and depositary shares are listed but not counted. "holders →" shows a single CUSIP on its own. Bonds are held as a principal amount, not shares. Options positions are never counted as holdings.

Top holders (71 of 71 · 002942100)

change vs 2026-03-31

#	Filer	Shares	% of class	Value	Change
1	Decheng Capital LLC	3,917,299	17.90%	$22.6M	—
2	CITADEL ADVISORS LLC	1,283,166	5.86%	$7.4M	+40,389 (+3.2%)
3	Laurion Capital Management LP	1,034,459	4.73%	$6.0M	—
4	VANGUARD CAPITAL MANAGEMENT LLC	562,877	2.57%	$3.2M	+8,776 (+1.6%)
5	AQR CAPITAL MANAGEMENT LLC	480,249	2.19%	$2.8M	+345,754 (+257.1%)
6	EcoR1 Capital, LLC	396,194	1.81%	$2.3M	NEW
7	ADAGE CAPITAL PARTNERS GP, L.L.C.	300,000	1.37%	$1.7M	—
8	CANTOR FITZGERALD, L. P.	233,164	1.07%	$1.3M	+166,482 (+249.7%)
9	BlackRock, Inc.	187,045	0.85%	$1.1M	-605,526 (-76.4%)
10	GEODE CAPITAL MANAGEMENT, LLC	149,844	0.68%	$864K	-159,605 (-51.6%)
11	TWO SIGMA INVESTMENTS, LP	108,377	0.50%	$624K	-54,978 (-33.7%)
12	RAYMOND JAMES FINANCIAL INC	79,284	0.36%	$457K	+68,394 (+628.0%)
13	VANGUARD FIDUCIARY TRUST CO	75,172	0.34%	$433K	-8,038 (-9.7%)
14	Woodline Partners LP	72,429	0.33%	$417K	—
15	MILLENNIUM MANAGEMENT LLC	69,948	0.32%	$403K	-28,386 (-28.9%)
16	STATE STREET CORP	59,273	0.27%	$341K	-140,049 (-70.3%)
17	J. Goldman & Co LP	40,500	0.19%	$233K	NEW
18	IEQ CAPITAL, LLC	38,382	0.18%	$221K	+21,897 (+132.8%)
19	UBS Group AG	35,639	0.16%	$205K	-122,249 (-77.4%)
20	MORGAN STANLEY	30,177	0.14%	$174K	+12,615 (+71.8%)
21	NORTHERN TRUST CORP	28,080	0.13%	$162K	-60,519 (-68.3%)
22	CITIGROUP INC	26,299	0.12%	$151K	-19,966 (-43.2%)
23	Cresset Asset Management, LLC	24,033	0.11%	$138K	-19,226 (-44.4%)
24	SUSQUEHANNA INTERNATIONAL GROUP, LLP	24,025	0.11%	$138K	NEW
25	BRIDGEWAY CAPITAL MANAGEMENT, LLC	24,000	0.11%	$138K	-3,000 (-11.1%)
26	Point72 Asset Management, L.P.	22,872	0.10%	$132K	NEW
27	JANE STREET GROUP, LLC	22,464	0.10%	$129K	NEW
28	Mariner, LLC	21,784	0.10%	$125K	NEW
29	SMITH, MOORE & CO.	20,000	0.09%	$115K	NEW
30	XTX Topco Ltd	19,888	0.09%	$115K	-27 (-0.1%)
31	MARSHALL WACE, LLP	19,076	0.09%	$110K	NEW
32	FMR LLC	18,904	0.09%	$109K	+9,946 (+111.0%)
33	SIMPLEX TRADING, LLC	15,917	0.07%	$92K	+11,674 (+275.1%)
34	PRELUDE CAPITAL MANAGEMENT, LLC	12,426	0.06%	$72K	-18,211 (-59.4%)
35	GOLDMAN SACHS GROUP INC	12,241	0.06%	$71K	-7,163 (-36.9%)
36	MERCER GLOBAL ADVISORS INC /ADV	11,464	0.05%	$66K	NEW
37	Cerity Partners LLC	10,771	0.05%	$62K	NEW
38	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	10,434	0.05%	$79K	NEW
39	Abel Hall, LLC	10,066	0.05%	$58K	NEW
40	Arax Advisory Partners	8,374	0.04%	$48K	+8,350 (+34791.7%)
41	Vanguard Global Advisers, LLC	5,893	0.03%	$34K	—
42	Steward Partners Investment Advisory, LLC	4,150	0.02%	$24K	—
43	China Universal Asset Management Co., Ltd.	3,472	0.02%	$20K	-392 (-10.1%)
44	Tower Research Capital LLC (TRC)	2,501	0.01%	$14K	-2,966 (-54.3%)
45	BARCLAYS PLC	2,259	0.01%	$13K	-1,362 (-37.6%)
46	JPMORGAN CHASE & CO	1,784	0.01%	$9K	-4,833 (-73.0%)
47	BNP PARIBAS FINANCIAL MARKETS	1,308	0.01%	$8K	-1,926 (-59.6%)
48	Russell Investments Group, Ltd.	1,239	0.01%	$7K	+770 (+164.2%)
49	Stone House Investment Management, LLC	1,000	0.00%	$6K	—
50	Mirae Asset Global Investments Co., Ltd.	976	0.00%	$6K	-160 (-14.1%)
51	Allworth Financial LP	813	0.00%	$5K	+606 (+292.8%)
52	EverSource Wealth Advisors, LLC	774	0.00%	$4K	+473 (+157.1%)
53	FEDERATED HERMES, INC.	646	0.00%	$4K	-437 (-40.4%)
54	Essential Partners LLC	509	0.00%	$3K	-559 (-52.3%)
55	GF FUND MANAGEMENT CO. LTD.	452	0.00%	$3K	-31 (-6.4%)
56	IFP Advisors, Inc	447	0.00%	$3K	+426 (+2028.6%)
57	Hilton Head Capital Partners, LLC	434	0.00%	$3K	—
58	GAMMA Investing LLC	388	0.00%	$2K	NEW
59	PNC Financial Services Group, Inc.	349	0.00%	$2K	+321 (+1146.4%)
60	ROTHSCHILD INVESTMENT LLC	265	0.00%	$2K	+188 (+244.2%)
61	ROYAL BANK OF CANADA	169	0.00%	$1K	-11 (-6.1%)
62	True Wealth Design, LLC	162	0.00%	$934	+113 (+230.6%)
63	Farther Finance Advisors, LLC	153	0.00%	$867	+125 (+446.4%)
64	NISA INVESTMENT ADVISORS, LLC	70	0.00%	$403	NEW
65	Fortitude Family Office, LLC	56	0.00%	$323	NEW
66	HARBOUR INVESTMENTS, INC.	53	0.00%	$304	+33 (+165.0%)
67	Wealth Enhancement Trust Services, Inc.	48	0.00%	$276	NEW
68	Clearstead Advisors, LLC	39	0.00%	$226	NEW
69	SJS Investment Consulting Inc.	16	0.00%	$93	+14 (+700.0%)
70	Transamerica Financial Advisors, LLC	14	0.00%	$80	—
71	JPL Wealth Management, LLC	7	0.00%	$41	NEW

Exited since 2026-03-31 (26 filers; largest 25 shown)

Tetragon Partners GP Ltd	−316,621
VANGUARD PORTFOLIO MANAGEMENT LLC	−75,149
RENAISSANCE TECHNOLOGIES LLC	−70,792
SILVERARC CAPITAL MANAGEMENT, LLC	−33,684
Bank of New York Mellon Corp	−29,320
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	−28,000
GSA CAPITAL PARTNERS LLP	−27,085
Centiva Capital, LP	−24,782
DEUTSCHE BANK AG\	−17,901
ALPS ADVISORS INC	−17,727
Nuveen, LLC	−15,312
BANK OF AMERICA CORP /DE/	−11,486
RHUMBLINE ADVISERS	−6,679
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	−6,065
CWM, LLC	−6,035
WELLS FARGO & COMPANY/MN	−4,707
NEW YORK STATE COMMON RETIREMENT FUND	−3,823
Police & Firemen's Retirement System of New Jersey	−2,120
Legal & General Group Plc	−1,143
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	−689
Ameritas Investment Partners, Inc.	−578
MAI Capital Management	−276
Sterling Capital Management LLC	−233
Wealth Preservation Advisors, LLC	−31
Advisory Services Network, LLC	−9

Large holders from 13D/13G (latest per reporting person, last 2 years)

Filed when a holder crosses 5% or changes materially, so often more current than the quarter-end 13F. Percentages are the filer's own, against the share count they used.

Reporting person	Form	Filed	Event	Shares	% of class
Jane Wu Lee	SCHEDULE 13G	2025-05-15	2025-03-31	2,983,724	13.7%
Tien-Li Lee	SCHEDULE 13G	2025-05-15	2025-03-31	2,983,724	13.7%
Citadel Securities GP LLC	SCHEDULE 13G	2025-02-24	2025-02-14	40,596	0.2%
Decheng Capital Global Life Sciences Fund IV, L.P.	SCHEDULE 13G	2025-02-24	2025-02-14	2,958,887	13.8%
Christopher Michael Ho	SCHEDULE 13G	2025-02-24	2025-02-12	1,694,894	7.92%
Citadel Securities Group LP	SCHEDULE 13G	2025-02-24	2025-02-14	40,596	0.2%
Citadel Securities LLC	SCHEDULE 13G	2025-02-24	2025-02-14	40,596	0.2%
Decheng Capital Global Healthcare Fund (Master), LP	SCHEDULE 13G	2025-02-24	2025-02-14	958,412	4.5%
Decheng Capital Global Healthcare GP, LLC	SCHEDULE 13G	2025-02-24	2025-02-14	958,412	4.5%
Citadel GP LLC	SCHEDULE 13G	2025-02-24	2025-02-14	1,152,375	5.4%
Decheng Capital Management IV (Cayman), LLC	SCHEDULE 13G	2025-02-24	2025-02-14	2,958,887	13.8%
Dr. Finian Tan	SCHEDULE 13G	2025-02-24	2025-02-12	1,828,258	8.69%
Citadel Advisors LLC	SCHEDULE 13G	2025-02-24	2025-02-14	1,152,375	5.4%
Kenneth Griffin	SCHEDULE 13G	2025-02-24	2025-02-14	1,192,971	5.6%
Citadel Advisors Holdings LP	SCHEDULE 13G	2025-02-24	2025-02-14	1,152,375	5.4%
Vickers Venture Fund VI Pte. Ltd.	SCHEDULE 13G	2025-02-24	2025-02-12	2,050,902	9.58%
Xiangmin Cui	SCHEDULE 13G	2025-02-24	2025-02-14	3,917,299	18.3%

Source: SEC Form 13F-HR information tables for the quarter ending 2026-06-30 (filed within 45 days of quarter end; amendments applied; values normalised to dollars), the share count from the company's latest 10-K/10-Q XBRL cover page, and Schedule 13D/13G filings. Each row is a legal 13F filer as filed — related entities (e.g. Vanguard's advisers) are not merged. Retail brokerage accounts are not reported on 13F, so the remainder is mostly retail and insiders.