AARD · NASDAQ · Biotechnology

Aardvark Therapeutics (AARD)

Develops gut-restricted oral programs for hunger-associated conditions and obesity.

$5.75
After-hours close+0.05 (+0.88%)
At close$5.70(+2.33%)

13F · 13D/G · Form 4

Institutions43.10%9.43M shares
75 holders · as of Jun 30, 2026
Insiders22.96%5.02M shares
5 holders · as of Sep 11, 2026
Strategic holders27.40%6.00M shares
3 holders · as of Feb 24, 2025
Other6.54%1.43M shares
remainder

21.88M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

13F · 13D/G · Form 4

HolderStakeSharesDate
Decheng Capital LLCInstitution
17.90%3.92Mas of Jun 30, 2026
Tien-Li LeeInsiderdirector, 10 percent owner, officer: Chief Executive Officer
13.83%3.03Mfiled Dec 12, 2025
Decheng Capital Global Life Sciences Fund IV, L.P.1Strategic10 percent owner
13.52%2.96Mfiled Feb 24, 2025
Vickers Venture Fund VI Pte LtdStrategic10 percent owner
9.37%2.05Mfiled Feb 19, 2025
Dr. Finian TanInsider
8.35%1.83Mfiled Feb 24, 2025
Citadel Advisors LLCInstitution
5.86%1.28Mas of Jun 30, 2026
Laurion Capital Management LPInstitution
4.73%1.03Mas of Jun 30, 2026
Cormorant Asset Management, LPStrategicother: Former 10% Owner
4.51%987,689filed Feb 19, 2025
Vanguard Capital Management LLCInstitution
2.57%562,877as of Jun 30, 2026
AQR Capital Management LLCInstitution
2.19%480,249as of Jun 30, 2026
Ecor1 Capital, LLCInstitution
1.81%396,194as of Jun 30, 2026
Adage Capital Partners GP, L.L.C.Institution
1.37%300,000as of Jun 30, 2026
BlackRock, Inc.Institution
0.85%187,045as of Jun 30, 2026
Geode Capital Management, LLCInstitution
0.68%149,844as of Jun 30, 2026
Jeffrey ChiInsiderdirector
0.61%133,364filed Feb 19, 2025
Cantor Fitzgerald, L. P.Institution
0.53%116,582as of Jun 30, 2026
Two Sigma Investments, LPInstitution
0.50%108,377as of Jun 30, 2026
Raymond James Financial IncInstitution
0.36%79,284as of Jun 30, 2026
Vanguard Fiduciary Trust CoInstitution
0.34%75,172as of Jun 30, 2026
Woodline Partners LPInstitution
0.33%72,429as of Jun 30, 2026
Millennium Management LLCInstitution
0.32%69,948as of Jun 30, 2026
State Street CorpInstitution
0.27%59,273as of Jun 30, 2026
J. Goldman & Co LPInstitution
0.19%40,500as of Jun 30, 2026
Ieq Capital, LLCInstitution
0.18%38,382as of Jun 30, 2026
UBS Group AGInstitution
0.16%35,639as of Jun 30, 2026
  1. Decheng Capital Global Life Sciences Fund IV, L.P.'s own ownership statement (13G, Feb 24, 2025) reports fewer shares than the transaction reports; the statement is used.

13F, as of Jun 30, 2026

75 holders · 9.43M shares · 18 new positions · 39 increased · 24 reduced · 26 closed

HolderShares% outstandingChg q/qFiled
Decheng Capital LLC3.92M17.90%0Aug 14, 2026
Citadel Advisors LLC1.28M5.86%+40.4KSep 2, 2026
Laurion Capital Management LP1.03M4.73%0Aug 13, 2026
Vanguard Capital Management LLC562.9K2.57%+8.8KAug 13, 2026
AQR Capital Management LLC480.2K2.19%+345.8KAug 14, 2026
Ecor1 Capital, LLC396.2K1.81%+396.2KnewAug 14, 2026
Adage Capital Partners GP, L.L.C.300.0K1.37%0Aug 14, 2026
BlackRock, Inc.187.0K0.85%−605.5KAug 7, 2026

13D/G · 5% or more, as filed

Holder% of classSharesFormFiled
Decheng Capital Global Life Sciences Fund IV, L.P.13.80%2.96M13GFeb 24, 2025
Tien-Li Lee13.70%2.98M13GMay 15, 2025
Dr. Finian Tan8.69%1.83M13GFeb 24, 2025
Citadel Advisors LLC5.40%1.15M13GFeb 24, 2025

Form 4

Latest trades

DateInsiderTypeSharesAvg priceOwned after
Sep 11, 2026
Nelson Sunofficer: See Remarks
Sale62,000$5.1835,475
Sep 10, 2026
Nelson Sunofficer: See Remarks
Sale14,754$5.0097,475
Dec 11, 2025
Tien-Li Leedirector, 10 percent owner, officer: Chief Executive Officer
Purchase7,000$14.491,551,613
Dec 11, 2025
Nelson Sunofficer: Chief Financial Officer
Purchase3,000$14.40108,484

House and Senate disclosures

Not reported.