Which hedge funds own PVLA? PALVELLA THERAPEUTICS INC NE, Q2 2026 13F holders
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30 of the hedge funds tracked by WhaleCreep disclosed a position in PVLA (PALVELLA THERAPEUTICS INC NE) in their Q2 2026 13F filings, worth $634.1m in total. The largest holder by portfolio weight is First Light Asset Management, LLC at 7.2% of its book. 10 managers opened a new position this quarter: Act Capital Management, LLC, Capricorn Fund Managers LTD, Bayforest Capital LTD, Fulcrum Asset Management LLP. 8 exited: Aquatic Capital Management LLC, Boothbay Fund Management, LLC, Dark Forest Capital Management LP.
Who discovered PVLA first?
Earliest meaningful positions among the 13 tracked managers we observed opening PVLA since Q4 2024.
1 Montanova Capital, LLC First reported Q4 2024 · ≥1% from Q3 2025 0.3%initial weight · $8.6m 3.6%still holding · 7q +1,174%stock since Q4 2024
Weight of Montanova Capital, LLC's 13F book in PVLA, by quarter
- 3.9% peak weight, Q1 2026
- $173.5m peak reported value
- 7 quarters held
- 6q before the median tracked entry
The stock's split-adjusted price moved +1,174% from Q4 2024 to Q2 2026.
2 Avidity Partners Management LP First reported Q4 2025 · ≥1% from Q1 2026 0.6%initial weight · $2.0m 1.7%still holding · 3q +46%stock since Q4 2025
Weight of Avidity Partners Management LP's 13F book in PVLA, by quarter
- 1.8% peak weight, Q1 2026
- $10.7m peak reported value
- 3 quarters held
- 2q before the median tracked entry
The stock's split-adjusted price moved +46% from Q4 2025 to Q2 2026.
25 managers already held PVLA when our coverage of them began
First Light Asset Management, LLC (Q1 2026), NEXTBio Capital Management LP (Q1 2026), Frazier Life Sciences Management, L.P. (Q1 2026), Mpm Bioimpact LLC (Q1 2026), Awm Investment Company, Inc. (Q1 2026), Orbimed Advisors LLC (Q1 2026), Apis Capital Advisors, LLC (Q1 2026), Seven Grand Managers, LLC (Q1 2026), Trexquant Investment LP (Q1 2026), Balyasny Asset Management L.P. (Q1 2026), ExodusPoint Capital Management, LP (Q1 2026), Millennium Management LLC (Q1 2026), Adage Capital Partners GP, L.L.C. (Q1 2026), Squarepoint Ops LLC (Q1 2026), Two Sigma Investments, LP (Q1 2026), Alyeska Investment Group, L.P. (Q1 2026), Citadel Advisors LLC (Q1 2026), Aquatic Capital Management LLC (Q1 2026), Boothbay Fund Management, LLC (Q1 2026), Dark Forest Capital Management LP (Q1 2026), HighVista Strategies LLC (Q1 2026), Hudson Bay Capital Management LP (Q1 2026), Ikarian Capital, LLC (Q1 2026), Mangrove Partners Im, LLC (Q1 2026) and 1 more.
Their first filing on record already includes PVLA, so when they first bought it is unknown. They are not ranked above.
View discovery timeline
Dots mark the ranked managers' first reported quarters. Price is the quarter-end price implied by 13F filings, split-adjusted, shown from Q4 2024 where the series is continuous. Coverage widened in Q1 2026 from about a hundred managers to over a thousand, so holders and new holders are shown relative to the managers filing each quarter.
How this is calculated
13F filings are quarterly snapshots of long US-listed equity positions. They do not show exact purchase dates, intra-quarter trading, short positions, most derivatives, or a manager's actual performance. "First reported" is the first quarter-end filing that shows the position.
A manager is ranked only if we observed it filing, without PVLA, within two quarters before its first position. Ranking is by the first quarter the position reached 1% of the manager's 13F book in a run of at least 2 filings, then by peak weight. "High conviction" means a peak weight of at least 5%.
Stock changes are the split-adjusted change in the quarter-end price implied by 13F filings, excluding dividends. They describe the stock over the period, not the return any manager earned. Phases are cut where the share of tracked managers holding PVLA passed one third and two thirds of its peak.
Which hedge funds hold PVLA? Current holders by portfolio weight
| Manager | As of | Weight of book | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|
| First Light Asset Management, LLC | Q2 2026 | 7.2% | $118.0m | 771,901 | -21% | reduced |
| NEXTBio Capital Management LP | Q2 2026 | 6.3% | $13.7m | 89,909 | 9% | added |
| Montanova Capital, LLC | Q2 2026 | 3.6% | $173.5m | 1,135,406 | -2% | reduced |
| Frazier Life Sciences Management, L.P. | Q2 2026 | 2.9% | $134.8m | 882,400 | 0% | held |
| Act Capital Management, LLC | Q2 2026 | 2.2% | $3.4m | 22,500 | – | new |
| Mpm Bioimpact LLC | Q2 2026 | 1.9% | $31.2m | 204,027 | -1% | reduced |
| Avidity Partners Management LP | Q2 2026 | 1.7% | $10.7m | 70,000 | 0% | held |
| Awm Investment Company, Inc. | Q2 2026 | 0.9% | $10.6m | 69,416 | 0% | held |
| Orbimed Advisors LLC | Q2 2026 | 0.8% | $44.7m | 292,360 | 117% | added |
| Apis Capital Advisors, LLC | Q2 2026 | 0.6% | $6.0m | 39,000 | -56% | reduced |
| Seven Grand Managers, LLC | Q2 2026 | 0.4% | $9.2m | 60,000 | 0% | held |
| Capricorn Fund Managers LTD | Q2 2026 | 0.2% | $2.2m | 14,088 | – | new |
| Woodline Partners LP | Q2 2026 | 0.1% | $48.5m | 317,517 | 0% | held |
| Bayforest Capital LTD | Q2 2026 | 0.0% | $31.8k | 208 | – | new |
| Fulcrum Asset Management LLP | Q2 2026 | 0.0% | $174.3k | 1,126 | – | new |
| Trexquant Investment LP | Q2 2026 | 0.0% | $2.1m | 13,495 | -63% | reduced |
| Balyasny Asset Management L.P. | Q2 2026 | 0.0% | $6.8m | 44,536 | -54% | reduced |
| ExodusPoint Capital Management, LP | Q2 2026 | 0.0% | $839.6k | 5,494 | -73% | reduced |
| Millennium Management LLC | Q2 2026 | 0.0% | $8.0m | 52,212 | -44% | reduced |
| Adage Capital Partners GP, L.L.C. | Q2 2026 | 0.0% | $3.8m | 25,000 | 0% | held |
| Tudor Investment Corp ET AL | Q2 2026 | 0.0% | $1.2m | 7,906 | – | new |
| Brevan Howard Capital Management LP | Q2 2026 | 0.0% | $333.1k | 2,180 | – | new |
| Quantbot Technologies LP | Q2 2026 | 0.0% | $70.6k | 462 | – | new |
| Squarepoint Ops LLC | Q2 2026 | 0.0% | $791.0k | 5,176 | -60% | reduced |
| Two Sigma Investments, LP | Q2 2026 | 0.0% | $1.9m | 12,294 | 151% | added |
| Alyeska Investment Group, L.P. | Q2 2026 | 0.0% | $339.7k | 2,223 | -99% | reduced |
| Quarry LP | Q2 2026 | 0.0% | $3.5k | 23 | – | new |
| Marshall Wace, LLP | Q2 2026 | 0.0% | $435.8k | 2,852 | – | new |
| Citadel Advisors LLC | Q2 2026 | 0.0% | $537.9k | 3,520 | -83% | reduced |
| Aqr Capital Management LLC | Q2 2026 | 0.0% | $353.9k | 2,316 | – | new |
Exited since the previous quarter
| Manager | Prior weight | Prior value |
|---|---|---|
| Aquatic Capital Management LLC | 0.1% | $829.2k |
| Boothbay Fund Management, LLC | 0.4% | $2.4m |
| Dark Forest Capital Management LP | 0.1% | $200.2k |
| HighVista Strategies LLC | 1.4% | $735.8k |
| Hudson Bay Capital Management LP | 0.0% | $266.8k |
| Ikarian Capital, LLC | 4.4% | $8.1m |
| Mangrove Partners Im, LLC | 0.2% | $223.2k |
| Prosight Management, LP | 1.1% | $623.2k |
Held in a manager's last filing on record
These managers have not filed for the latest quarter; their last disclosure is dated.
| Manager | Last filing | Weight |
|---|---|---|
| renaissance | Q2 2026 | 0.0% |
| wcm_investment | Q2 2026 | 0.0% |
How has hedge fund ownership of PVLA changed?
| Quarter | Managers holding | Combined value |
|---|---|---|
| Q2 2026 | 32 | $648.5m |
| Q1 2026 | 31 | $596.5m |
| Q4 2025 | 5 | $137.3m |
| Q3 2025 | 4 | $98.7m |
| Q2 2025 | 3 | $27.7m |
| Q1 2025 | 3 | $25.9m |
| Q4 2024 | 2 | $8.8m |
Counts every tracked manager that disclosed PVLA in that quarter's filing, including managers that have since stopped filing.