Aardvark Therapeutics, Inc. (AARD) Ownership

NASDAQ: AARDTop holders, insider trades and short interest.

AARD ownership summary

as of October 18, 2026
Institutions
52.6%
of shares outstanding
Insiders
15.77%
of shares outstanding
Shares outstanding
21.9M
Float
11.0M
shares available to trade
Short interest
3.24%
474K shares short
Days to cover
3.93
short interest up 11.6% vs prior month
  • Institutions 52.60%
  • Insiders 15.77%
  • Other investors 31.63%

AARD top institutional holders

20 largest
Aardvark Therapeutics, Inc. top institutional holders
#Holder% of sharesSharesValueChangeReported
1Decheng Capital LLC17.90%3.9M$14.8M—June 30, 2026
2Citadel Advisors Llc5.86%1.3M$4.9M+40,389 (+3.2%)June 30, 2026
3LAURION CAPITAL MANAGEMENT LP4.73%1.0M$3.9M—June 30, 2026
4Vanguard Capital Management, LLC2.57%563K$2.1M+8,776 (+1.6%)June 30, 2026
5AQR Capital Management LLC2.19%480K$1.8M+345,754 (+257.1%)June 30, 2026
6EcoR1 Capital, LLC1.81%396K$1.5M+396,194 (0.0%)June 30, 2026
7Adage Capital Partners Gp LLC1.37%300K$1.1M—June 30, 2026
8CANTOR FITZGERALD, L. P.1.07%233K$881,360+166,482 (+249.7%)June 30, 2026
9BlackRock Inc0.85%187K$707,030−605,526 (−76.4%)June 30, 2026
10Geode Capital Management, LLC0.68%150K$566,410−159,605 (−51.6%)June 30, 2026
11Two Sigma Investments LLC0.50%108K$409,665−54,978 (−33.7%)June 30, 2026
12Vanguard Fiduciary Trust Co0.34%75K$284,150−8,038 (−9.7%)June 30, 2026
13Woodline Partners LP0.33%72K$273,782—June 30, 2026
14Millennium Management LLC0.32%70K$264,403−28,386 (−28.9%)June 30, 2026
15State Street Corp0.27%59K$224,052−140,049 (−70.3%)June 30, 2026
16J. Goldman & Co LP0.19%40K$153,090+40,500 (0.0%)June 30, 2026
17IEQ CAPITAL, LLC0.18%38K$145,084+21,897 (+132.8%)June 30, 2026
18UBS Group AG0.16%36K$134,715−122,249 (−77.4%)June 30, 2026
19Morgan Stanley - Brokerage Accounts0.14%30K$114,069+12,615 (+71.8%)June 30, 2026
20Northern Trust Corp0.13%28K$106,142−60,519 (−68.3%)June 30, 2026

Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 8 holders added 1.0M shares and 8 cut 1.2M.

AARD top mutual fund and ETF holders

19 largest
Aardvark Therapeutics, Inc. top fund holders
#Holder% of sharesSharesValueChangeReported
1Vanguard MStar Total Stk Mkt Idx Invest1.87%409K$1.5M—August 31, 2026
2A4Investments SICAV SIF ACCI IlanaA2EURH0.87%190K$718,200+190,000 (0.0%)September 30, 2026
3iShares Biotechnology ETF0.45%98K$372,043−744 (−0.8%)September 30, 2026
4Fidelity Extended Market Index0.31%67K$254,972+2,627 (+4.1%)August 31, 2026
5iShares Micro-Cap ETF0.18%40K$152,523−278 (−0.7%)September 30, 2026
6EA Bridgeway Ultra-Small Company Mkt ETF0.11%24K$89,533—September 30, 2026
7Fidelity Total Market Index0.10%23K$85,553—August 31, 2026
8Fidelity Series Total Market Index0.09%19K$70,818—August 31, 2026
9iShares Nasdaq US Biotech ETF USD Acc0.07%16K$62,041+140 (+0.9%)September 30, 2026
10Vanguard Balanced Index Inv0.04%8,867$33,517—August 31, 2026
11Fidelity VIP Disciplined Small Cap Init0.04%7,980$30,164—July 31, 2026
12Vanguard U.S. Eq Idx £ Acc0.03%5,893$22,276—August 31, 2026
13Avantis US Small Cap Equity ETF0.02%4,529$17,120+256 (+6.0%)September 30, 2026
14China Universal NASDAQ Bio-Tch ETF(QDII)0.02%3,472$13,124−76 (−2.1%)June 30, 2026
151290 VT Micro Cap K0.01%2,768$10,463—August 31, 2026
16Invesco Nasdaq Biotechnology ETF0.01%1,525$5,764+70 (+4.8%)September 30, 2026
17AQR Small Cap Multi-Style I0.01%1,503$5,681+1,503 (0.0%)June 30, 2026
18DFA US Micro Cap I0.01%1,222$4,619+1,222 (0.0%)August 31, 2026
19Fidelity Nasdaq Composite Index<0.01%981$3,708−14,502 (−93.7%)August 31, 2026

Funds report holdings monthly or quarterly; dates differ by fund.

AARD insider transactions

latest 7
Aardvark Therapeutics, Inc. insider transactions
DateNameTransactionPriceSharesValue
2025-12-11Nelson SunBuy$14.403,000$43,200
2025-12-11Tien-Li LeeBuy$14.487,000$101,360
2025-09-15Tien-Li LeeBuy$9.6610,000$96,600
2025-09-12Tien-Li LeeBuy$8.505,000$42,500
2025-09-11Tien-Li LeeBuy$7.826,000$46,920
2025-09-10Tien-Li LeeBuy$7.919,000$71,190
2025-09-09Nelson SunBuy$8.076,000$48,420

Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.

AARD shares outstanding

Shares outstanding

Year-end shares outstanding, adjusted for splits.

Who owns AARD

Institutional investors own 52.6% of Aardvark Therapeutics's shares and insiders 15.77%. The largest holder is Decheng Capital LLC with 17.90% of the shares (3.9M), as of June 30, 2026. Among the top 20 institutions, 8 added shares and 8 reduced their stake in the latest filings. Short interest is 3.24% of the float, or 3.93 days of average trading volume. The share count rose 445.4% since 2022.

Related: AARD analyst forecast, AARD key metrics. See the AARD stock overview for the latest quote and news.

AARD ownership FAQ

Who owns the most Aardvark Therapeutics stock?

The largest shareholders of Aardvark Therapeutics are Decheng Capital LLC (17.90%), Citadel Advisors Llc (5.86%), LAURION CAPITAL MANAGEMENT LP (4.73%), Vanguard Capital Management, LLC (2.57%), AQR Capital Management LLC (2.19%).

What percentage of Aardvark Therapeutics is owned by institutions?

Institutions hold 52.6% of Aardvark Therapeutics's shares outstanding; insiders hold 15.77%.

Which funds own Aardvark Therapeutics?

The largest fund holders of Aardvark Therapeutics are Vanguard MStar Total Stk Mkt Idx Invest (1.87%), A4Investments SICAV SIF ACCI IlanaA2EURH (0.87%), iShares Biotechnology ETF (0.45%), Fidelity Extended Market Index (0.31%), iShares Micro-Cap ETF (0.18%).

What is Aardvark Therapeutics's short interest?

474K shares of Aardvark Therapeutics were sold short, 3.24% of the float; at the average daily volume it would take 3.93 days to cover.

Are insiders buying or selling Aardvark Therapeutics?

Of the latest 7 reported insider transactions in Aardvark Therapeutics (since September 9, 2025), 7 were purchases and 0 were sales.

How many shares of Aardvark Therapeutics are outstanding?

Aardvark Therapeutics has 21.9M shares outstanding, of which 11.0M are in the public float.

Biotechnology: ownership