CARLSMED, INC. - Common Stock, $0.00001 par value per share (CARL) Institutional Ownership

13F Institutional Holders and Ownership History from Q3 2025 to Q4 2025

Type / Class
Equity / Common Stock, $0.00001 par value per share
Symbol
CARL on Nasdaq
Shares outstanding
26,583,853
Price per share
$12.68
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
4,673,790
Total reported value
$57,709,974
% of total 13F portfolios
0%
Share change
+13,532
Value change
-$443,486
Number of holders
56
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of CARLSMED, INC. - Common Stock, $0.00001 par value per share (CARL) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
B CAPITAL GROUP MANAGEMENT, L.P. 28% $98,956,264 7,390,311 B CAPITAL GROUP MANAGEMENT, L.P. 30 Sep 2025
Presidio Management Group XII, L.L.C. 22% $78,225,357 5,842,073 Casey M Tansey 24 Jul 2025
Cordonnier Michael 5.9% 1,597,752 Michael Cordonnier 24 Jul 2025

As of 31 Dec 2025, 56 institutional investors reported holding 4,673,790 shares of CARLSMED, INC. - Common Stock, $0.00001 par value per share (CARL). This represents 18% of the company’s total 26,583,853 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of CARLSMED, INC. - Common Stock, $0.00001 par value per share (CARL) together control 17% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
ORBIMED ADVISORS LLC 4.7% 1,252,600 0% 0.33% $15,469,610
JANUS HENDERSON GROUP PLC 4.3% 1,140,618 +4.4% 0.01% $14,086,632
BlackRock, Inc. 1.6% 427,474 +11% 0% $5,279,305
VANGUARD GROUP INC 1.4% 360,082 +58% 0% $4,447,013
TD Waterhouse Canada Inc. 0.66% 175,405 +15% 0.01% $2,153,973
TEACHER RETIREMENT SYSTEM OF TEXAS 0.66% 175,000 0% 0.01% $2,161,250
GEODE CAPITAL MANAGEMENT, LLC 0.61% 162,033 +9.8% 0% $2,001,916
Russell Investments Group, Ltd. 0.6% 160,238 +0.81% 0% $1,978,936
MILLENNIUM MANAGEMENT LLC 0.49% 128,970 +521% 0% $1,592,780
STATE STREET CORP 0.26% 68,941 +65% 0% $851,421
NORGES BANK 0.24% 65,000 0% $802,750
KORNITZER CAPITAL MANAGEMENT INC /KS 0.21% 55,235 +0.43% 0.01% $682,152
NORTHERN TRUST CORP 0.19% 50,700 -3.3% 0% $626,145
Ghisallo Capital Management LLC 0.19% 50,000 0% 0.03% $617,500
BURKEHILL GLOBAL MANAGEMENT, LP 0.19% 50,000 0% 0.04% $617,500
SECTORAL ASSET MANAGEMENT INC 0.18% 47,700 0.47% $589,095
WESBANCO BANK INC 0.14% 37,000 0.01% $456,950
Boston Partners 0.1% 26,100 -11% 0% $322,340
Board of Trustees of The Leland Stanford Junior University 0.09% 25,030 0% 0.06% $309,120
RENAISSANCE TECHNOLOGIES LLC 0.09% 24,300 0% $300,105
BANK OF AMERICA CORP /DE/ 0.08% 21,136 +40% 0% $261,030
COHEN & STEERS, INC. 0.08% 20,000 -33% 0% $247,000
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% 16,775 0% 0% $207,171
Janney Montgomery Scott LLC 0.06% 15,800 +6.8% 0% $195,000
MERCER GLOBAL ADVISORS INC /ADV 0.06% 15,155 0% $187,164

Institutional Holders of CARLSMED, INC. - Common Stock, $0.00001 par value per share (CARL) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 4,673,790 $57,709,974 -$443,486 $12.35 56
2025 Q3 4,660,608 $62,392,468 +$62,358,993 $13.39 47