Zenas BioPharma, Inc. (ZBIO) Ownership

NASDAQ: ZBIOTop holders, insider trades and short interest.

ZBIO ownership summary

as of October 18, 2026
Institutions
101.5%
of shares outstanding
Insiders
19.75%
of shares outstanding
Shares outstanding
65.2M
Float
45.0M
shares available to trade
Short interest
26.90%
11.9M shares short
Days to cover
18.11
short interest up 0.6% vs prior month
  • Institutions 101.50%
  • Insiders 19.75%

ZBIO top institutional holders

20 largest
Zenas BioPharma, Inc. top institutional holders
#Holder% of sharesSharesValueChangeReported
1FMR Inc14.59%9.5M$236.1M+424,701 (+4.7%)June 30, 2026
2SR ONE CAPITAL MANAGEMENT, LP7.73%5.0M$125.1M—June 30, 2026
3NEA Management Company, LLC6.17%4.0M$99.9M—June 30, 2026
4Enavate Sciences GP, LLC6.01%3.9M$97.4M—June 30, 2026
5Federated Hermes Inc4.78%3.1M$77.4M−10,226 (−0.3%)June 30, 2026
6BlackRock Inc4.12%2.7M$66.7M+648,677 (+31.8%)June 30, 2026
7Capital Research & Mgmt Co - Division 33.84%2.5M$62.2M+68,912 (+2.8%)June 30, 2026
8Polar Capital Holdings PLC3.70%2.4M$59.9M−135,672 (−5.3%)June 30, 2026
9Royalty Pharma Sub-Manager, LLC3.66%2.4M$59.3M+2.4M (0.0%)June 30, 2026
10Fairmount Funds Management LLC3.62%2.4M$58.6M—June 30, 2026
11State Street Corp3.15%2.1M$51.0M+584,177 (+39.7%)June 30, 2026
12NVP Associates LLC2.82%1.8M$45.7M—June 30, 2026
13Wellington Management Company LLP2.45%1.6M$39.6M+347,766 (+27.9%)June 30, 2026
14Vanguard Capital Management, LLC2.08%1.4M$33.7M+109,473 (+8.8%)June 30, 2026
15Bank of America Corp1.89%1.2M$30.6M+842,812 (+217.0%)June 30, 2026
16T. Rowe Price Associates, Inc.1.88%1.2M$30.5M+869,662 (+243.4%)June 30, 2026
17AllianceBernstein L.P.1.69%1.1M$27.4M+206,067 (+23.0%)June 30, 2026
18Geode Capital Management, LLC1.35%883K$21.9M+226,869 (+34.6%)June 30, 2026
19Two Sigma Investments LLC1.25%815K$20.2M+540,094 (+196.4%)June 30, 2026
20EcoR1 Capital, LLC1.21%790K$19.6M—June 30, 2026

Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 12 holders added 7.3M shares and 2 cut 146K.

ZBIO top mutual fund and ETF holders

20 largest
Zenas BioPharma, Inc. top fund holders
#Holder% of sharesSharesValueChangeReported
1American Funds SMALLCAP World A3.73%2.4M$60.5M—June 30, 2026
2Polar Capital Biotech S Inc3.51%2.3M$56.8M—August 31, 2026
3Federated Hermes Kaufmann R2.80%1.8M$45.3M—June 30, 2026
4Federated Hermes Kaufmann Small Cap A1.92%1.3M$31.1M—June 30, 2026
5Fidelity Select Health Care1.90%1.2M$30.8M+160,865 (+14.9%)August 31, 2026
6Fidelity Small Cap Growth1.76%1.1M$28.5M—July 31, 2026
7Strategic Advisers Fidelity US TtlStk1.63%1.1M$26.4M+13,592 (+1.3%)August 31, 2026
8State Street® SPDR® S&P® Biotech ETF1.60%1.0M$25.9M−19,950 (−1.9%)September 30, 2026
9iShares Russell 2000 ETF1.43%932K$23.1M−10,752 (−1.1%)September 30, 2026
10Vanguard MStar Total Stk Mkt Idx Invest1.37%891K$22.1M—August 31, 2026
11Fidelity Stock Selector Small Cap1.02%663K$16.5M+46,081 (+7.5%)July 31, 2026
12Fidelity Select Biotechnology0.99%644K$16.0M+263,137 (+69.2%)August 31, 2026
13Fidelity Small Cap Growth K60.94%611K$15.2M—July 31, 2026
14Fidelity Advisor Biotechnology I0.89%578K$14.4M+86,234 (+17.5%)August 31, 2026
15Fidelity Advisor Health Care I0.77%500K$12.4M—August 31, 2026
16AB Small Cap Growth A0.72%467K$11.6M+13,460 (+3.0%)August 31, 2026
17T. Rowe Price New Horizons0.65%425K$10.5M−17,355 (−3.9%)August 31, 2026
18Fidelity Series Small Cap Opps0.60%391K$9.7M—July 31, 2026
19T. Rowe Price Integrated US Sm Gr Eq0.59%385K$9.6M—August 31, 2026
20iShares Russell 2000 Growth ETF0.52%336K$8.4M−426 (−0.1%)September 30, 2026

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

ZBIO insider transactions

latest 16
Zenas BioPharma, Inc. insider transactions
DateNameTransactionPriceSharesValue
2026-03-31Fairmount Funds Management LlcBuy$20.00150,000$3.0M
2026-03-31Hongbo LuBuy$18.633,768$70,198
2026-02-13Patricia L AllenBuy$26.364,160$109,658
2026-02-12Patricia L AllenBuy$24.8515,700$390,145
2026-02-11Hongbo LuBuy$22.5025,985$584,662
2026-02-02Leon O Moulder JrBuy$17.9657,000$1.0M
2026-01-09Leon O Moulder JrBuy$16.5520,000$331,000
2026-01-08Leon O Moulder JrBuy$16.3030,000$489,000
2026-01-07Leon O Moulder JrBuy$16.3850,000$819,000
2025-10-09Jason Raleigh NunnBuy$19.0063,158$1.2M
2025-10-09Patrick G EnrightBuy$20.8511,990$249,992
2025-10-09Patrick G EnrightBuy$19.00105,265$2.0M
2025-10-09Sr One Capital Management, LlcBuy$19.00126,315$2.4M
2025-10-07Fairmount Funds Management LlcBuy$19.00316,219$6.0M
2025-10-07Hongbo LuBuy$19.00263,160$5.0M
2025-10-07Leon O Moulder JrBuy$20.8536,928$769,949

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.

ZBIO shares outstanding

Shares outstanding

Year-end shares outstanding, adjusted for splits.

Who owns ZBIO

Institutional investors own 101.5% of Zenas BioPharma's shares and insiders 19.75%. The largest holder is FMR Inc with 14.59% of the shares (9.5M), as of June 30, 2026. Among the top 20 institutions, 12 added shares and 2 reduced their stake in the latest filings. Short interest is 26.90% of the float, or 18.11 days of average trading volume. The share count rose 21.3% since 2022.

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

ZBIO ownership FAQ

Who owns the most Zenas BioPharma stock?

The largest shareholders of Zenas BioPharma are FMR Inc (14.59%), SR ONE CAPITAL MANAGEMENT, LP (7.73%), NEA Management Company, LLC (6.17%), Enavate Sciences GP, LLC (6.01%), Federated Hermes Inc (4.78%).

What percentage of Zenas BioPharma is owned by institutions?

Institutions hold 101.5% of Zenas BioPharma's shares outstanding; insiders hold 19.75%.

Which funds own Zenas BioPharma?

The largest fund holders of Zenas BioPharma are American Funds SMALLCAP World A (3.73%), Polar Capital Biotech S Inc (3.51%), Federated Hermes Kaufmann R (2.80%), Federated Hermes Kaufmann Small Cap A (1.92%), Fidelity Select Health Care (1.90%).

What is Zenas BioPharma's short interest?

11.9M shares of Zenas BioPharma were sold short, 26.90% of the float; at the average daily volume it would take 18.11 days to cover.

Are insiders buying or selling Zenas BioPharma?

Of the latest 16 reported insider transactions in Zenas BioPharma (since October 7, 2025), 16 were purchases and 0 were sales.

How many shares of Zenas BioPharma are outstanding?

Zenas BioPharma has 65.2M shares outstanding, of which 45.0M are in the public float.

Biotechnology: ownership