Carlsmed, Inc.
CARL- Exchange
- Nasdaq
- Industry
- Surgical & Medical Instruments & Apparatus
- SEC CIK
- 0001794546
In the last 90 days, Carlsmed, Inc. insiders filed 1 open-market purchase and 4 sales; 74 institutions reported holding it in 13F filings for Q2 2026, worth $59.3M in total; no superinvestor holds it.
Key figures
- Market capClose on Nov 9, 2026
- $438.2M
- Insider buysLast 90 days, $3.00M in total
- 1
- Insider sellsLast 90 days, $29.3K in total
- 4
- 13F holdersQ2 2026, +10 vs. previous quarter
- 74
- 13F valueReported value at the end of Q2 2026
- $59.3M
- Superinvestors holdingAt the end of Q2 2026
- 0
Price chart
Financials
See financial statementsFrom SEC filings, in USD.
- Revenue, FY2025
- $50.5M
- No comparable prior period
- Net income, FY2025
- -$29.6M
- No comparable prior period
- Free cash flow, FY2025
- -$29.6M
- No comparable prior period
- Revenue, Q2 FY2026
- $18.9M
- +56.7% year over year
Revenue flow, FY2025
Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue.
Net loss for FY2025: $29.6M (58.7% of revenue).
Short interest
See short dataFrom FINRA, settlement date Oct 15, 2026.
- Short interest
- 1.09M
- Shares sold short
- Change
- +40.9K
- +3.9% vs. previous
- Days to cover
- 13.55
- At average daily volume
Superinvestors holding CARL, Q2 2026
Go to the superinvestors tabNo superinvestor reported holding CARL at the end of Q2 2026.
Latest insider trades
See all insider tradesOpen-market purchases and sales by Carlsmed, Inc. insiders from Form 4, newest first.
| Filed (ET) | Trade date | Filing delay | Insider | Transaction | Shares | Avg price | Value | Holding change | Flags |
|---|---|---|---|---|---|---|---|---|---|
| Nov 4, 2026 (view filing)4:40 PM ET | Nov 3 | 1 day | Bertolini JeffreyChief Operating Officer | SSale | −747 | $15.15 | −$11.3K | −3.2%22.5K after | 10b5-1 |
| Nov 2, 2026 (view filing)4:18 PM ET | Oct 30 | 3 days | Bertolini JeffreyChief Operating Officer | SSale | −243 | $15.80 | −$3.84K | −1.1%22.5K after | 10b5-1 |
| Oct 6, 2026 (view filing)4:59 PM ET | Oct 5 | 1 day | Bertolini JeffreyChief Operating Officer | SSale | −747 | $14.39 | −$10.7K | −3.2%22.5K after | 10b5-1 |
| Oct 1, 2026 (view filing)5:35 PM ET | Sep 30 | 1 day | Bertolini JeffreyChief Operating Officer | SSale | −243 | $13.99 | −$3.40K | −1.1%22.5K after | 10b5-1 |
| Sep 15, 2026 (view filing)5:07 PM ET | Jul 24, 2025 | 418 days | Tansey Casey M and 2 others10% Owner | PPurchase | +200.0K | $15.00 | +$3.00M | New position200.0K after | Amended |
| Mar 4, 2026 (view filing)4:05 PM ET | Mar 2 | 2 days | Cordonnier MichaelCEO, President | SSale | −197.9K | $13.29 | −$2.63M | −12.7%1.36M after | |
| Jul 24, 2025 (view filing)8:51 PM ET | Jul 24 | Same day | B Capital Healthcare I, L.P. and 4 others10% Owner | PPurchase | +1.33M | $15.00 | +$20.0M | +36.2%5.01M after | Duplicate filing |
| Jul 24, 2025 (view filing) | Jul 24 | Same day | Sidow KevinDirector | PPurchase | +13.3K | $15.00 | +$200.0K | +28.8%59.6K after | |
| Jul 24, 2025 (view filing) | Jul 24 | Same day | Mittendorff Robert IIDirector | PPurchase | +1.33M | $15.00 | +$20.0M | +36.2%5.01M after | |
| Jul 24, 2025 (view filing) | Jul 24 | Same day | Root Jonathan DDirector | PPurchase | +466.7K | $15.00 | +$7.00M | +2,692.4%484.0K after |
Top 10 13F holders, Q2 2026
See all 74 holdersThe largest institutional positions in Carlsmed, Inc. at the end of Q2 2026; share changes are against Q1 2026.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Jupiter Topco LLC | 1,251,616 | $13.0M | 0.01% | +1,251,616 | New |
| Parkman Healthcare Partners LLC | 597,318 | $6.20M | 0.64% | +76,195+14.6% | Added |
| BlackRock, Inc. | 532,593 | $5.53M | 0.00% | +85,701+19.2% | Added |
| KCM Capital Inc | 440,000 | $4.57M | 0.75% | +240,000+120.0% | Added |
| Pier Capital, LLC | 373,677 | $3.88M | 0.51% | +373,677 | New |
| Millennium Management LLC | 295,907 | $3.07M | 0.00% | +295,907 | New |
| Palumbo Wealth Management LLC | 267,298 | $2.77M | 0.59% | +267,298 | New |
| Vanguard Capital Management LLC | 238,727 | $2.48M | 0.00% | −37,404−13.5% | Reduced |
| Schonfeld Strategic Advisors LLC | 224,804 | $2.33M | 0.01% | −58,376−20.6% | Reduced |
| Geode Capital Management, LLC | 204,655 | $2.13M | 0.00% | +11,482+5.9% | Added |
Holders of 5% or more of CARL
See all 3 holders and filingsHolders whose latest Schedule 13D or 13G filing reports 5% or more of Carlsmed, Inc..
| Holder | Latest form | Stake | Change | First filed | Latest filing | Filing |
|---|---|---|---|---|---|---|
| B Capital Group Management, L.P. | 13G | 27.80%7.39M shares | New | Nov 14, 20251 filing | Nov 14, 2025 | SEC |
| Presidio Management Group XII, L.L.C. | 13G | 22.00%5.84M shares | New | Nov 13, 20251 filing | Nov 13, 2025 | SEC |
| Cordonnier Michael | 13G | 5.90%1.60M shares | New | Jul 24, 20251 filing | Jul 24, 2025 | SEC |