L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
23
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 1 listed it in both
Shares listed
55,721,720
combined, among listed positions
Reported value
$227m
combined, at the quarter end

Among the 92 comparable managers: 13 buyers (opened or added shares) and 10 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -8,389,300.

Managers listing SANA in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

23 of 23 holders

ActionFiling
Fidelity (FMR LLC)37,430,284$152munder 0.1%Trimmed-1,08117 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co6,609,065$27munder 0.1%Trimmed-4,827,43823 Jan 2026 (the filing on sec.gov)
Renaissance Technologies LLC1,691,116$6.9munder 0.1%Trimmed-301,38412 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC1,679,130$6.8munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP1,579,705$6.4munder 0.1%Added+969,57717 Feb 2026 (the filing on sec.gov)
Woodline Partners LP1,317,641$5.4munder 0.1%Trimmed-60,59517 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC1,134,324$4.6munder 0.1%Trimmed-47,45817 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc766,487$3.1munder 0.1%Added+620,37017 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC668,884$2.7munder 0.1%Added+438,26412 Feb 2026 (the filing on sec.gov)
Millennium Management LLC623,242$2.5munder 0.1%Trimmed-996,75817 Feb 2026 (the filing on sec.gov)
Invesco Ltd561,835$2.3munder 0.1%Added+109,07819 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP559,750$2.3munder 0.1%Added+46,22917 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC331,741$1.4munder 0.1%Added+109,41913 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP221,671$902kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP186,945$761kunder 0.1%Trimmed-9,80017 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP88,788$361kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP70,607$287kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.60,900$248kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd58,189$237kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC55,842$227kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC13,541$55kunder 0.1%Trimmed-6,538,43617 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC10,746$44kunder 0.1%Trimmed-43227 Oct 2026 (the filing on sec.gov)
Quantbot Technologies LP1,287$5kunder 0.1%Newnew10 Feb 2026 (the filing on sec.gov)

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
3 in Q2 2024 to 1 in Q1 2026

Tracked managers listing it, at least.

01234202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
SANA by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20214$398mn.a.n.a.
Q2 20213$259mn.a.n.a.
Q3 20214$297mn.a.n.a.
Q4 20214$206mn.a.n.a.
Q1 20223$106mn.a.n.a.
Q2 20223$80mn.a.n.a.
Q3 20223$74mn.a.n.a.
Q4 20223$46mn.a.n.a.
Q1 20233$38mn.a.n.a.
Q2 20233$76mn.a.n.a.
Q3 20233$47mn.a.n.a.
Q4 20233$50m11
Q1 20244$171m40
Q2 20243$91m02
Q3 20243$68m11
Q4 20242$26m01
Q1 20252$26m01
Q2 20251$27m02
Q3 20251$41m10
Q4 20251$27m1310
Q1 20261$19m912

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

SANA and GILD →SANA and AMGN →SANA and ARGX →Choose a stock to compare with SANA →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own SANA, latest filings →Back to the 13F Explorer →