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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 0 sales; 74 institutions reported holding it in 13F filings for Q2 2026, worth $59.3M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Carlsmed, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
57
+9 vs. Q3 2025
Shares held
4.67M
+13.1K (+0.3%) vs. Q3 2025
Total value
$57.7M
−$4.68M (−7.5%) vs. Q3 2025
New holders
16
20 more added
Sold out
7
9 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting CARL on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 57 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 0 institutionsQ1 2022: 0 institutionsQ2 2022: 0 institutionsQ3 2022: 0 institutionsQ4 2022: 0 institutionsQ1 2023: 0 institutionsQ2 2023: 0 institutionsQ3 2023: 0 institutionsQ4 2023: 0 institutionsQ1 2024: 0 institutionsQ2 2024: 0 institutionsQ3 2024: 0 institutionsQ4 2024: 0 institutionsQ1 2025: 0 institutionsQ2 2025: 0 institutionsQ3 2025: 48 institutionsQ4 2025: 57 institutionsQ1 2026: 66 institutionsQ2 2026: 74 institutions
Value heldQ4 2025: $57.7M
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $0Q1 2022: $0Q2 2022: $0Q3 2022: $0Q4 2022: $0Q1 2023: $0Q2 2023: $0Q3 2023: $0Q4 2023: $0Q1 2024: $0Q2 2024: $0Q3 2024: $0Q4 2024: $0Q1 2025: $0Q2 2025: $0Q3 2025: $62.4MQ4 2025: $57.7MQ1 2026: $48.0MQ2 2026: $59.3M
Institutions holding CARL and their total value by quarter
QuarterHoldersValue
Q2 202674$59.3M
Q1 202666$48.0M
Q4 202557$57.7M
Q3 202548$62.4M
Q2 20250$0
Q1 20250$0
Q4 20240$0
Q3 20240$0
Q2 20240$0
Q1 20240$0
Q4 20230$0
Q3 20230$0
Q2 20230$0
Q1 20230$0
Q4 20220$0
Q3 20220$0
Q2 20220$0
Q1 20220$0
Q4 20210$0
Q3 20210$0
Q2 20210$0
Q1 20210$0

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Carlsmed, Inc.; share changes are against Q3 2025.

Institutions holding CARL in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
OrbiMed Advisors LLC1,252,600$15.5M0.32%00.0%Unchanged
Janus Henderson Group PLC1,140,618$14.1M0.01%+48,081+4.4%Added
BlackRock, Inc.427,474$5.28M0.00%+42,035+10.9%Added
Vanguard Group Inc360,082$4.45M0.00%+132,887+58.5%Added
Teacher Retirement System of Texas175,000$2.16M0.01%00.0%Unchanged
TD Waterhouse Canada Inc.175,405$2.15M0.01%+23,163+15.2%Added
Geode Capital Management, LLC162,033$2.00M0.00%+14,485+9.8%Added
Russell Investments Group, Ltd.160,238$1.98M0.00%+1,292+0.8%Added
Millennium Management LLC128,970$1.59M0.00%+108,208+521.2%Added
State Street Corp68,941$851.4K0.00%+27,217+65.2%Added
Norges Bank65,000$802.8K0.00%+65,000New
Kornitzer Capital Management Inc55,235$682.2K0.01%+235+0.4%Added
Northern Trust Corp50,700$626.1K0.00%−1,748−3.3%Reduced
Ghisallo Capital Management LLC50,000$617.5K0.03%00.0%Unchanged
Burkehill Global Management, LP50,000$617.5K0.04%00.0%Unchanged
Sectoral Asset Management Inc47,700$589.1K0.47%+47,700New
Wesbanco Bank Inc37,000$456.9K0.01%+37,000New
Boston Partners26,100$322.3K0.00%−3,217−11.0%Reduced
Board of Trustees of The Leland Stanford Junior University25,030$309.1K0.06%00.0%Unchanged
Renaissance Technologies LLC24,300$300.1K0.00%+24,300New
Bank of America Corp21,136$261.0K0.00%+6,067+40.3%Added
Cohen & Steers, Inc.20,000$247.0K0.00%−10,000−33.3%Reduced
Charles Schwab Investment Management Inc16,775$207.2K0.00%00.0%Unchanged
Janney Montgomery Scott LLC15,800$195.0K0.00%+1,000+6.8%Added
Mercer Global Advisors Inc15,155$187.2K0.00%+15,155New
Goldman Sachs Group Inc13,600$168.0K0.00%+13,600New
Morgan Stanley13,329$164.6K0.00%+3,804+39.9%Added
Bank of New York Mellon Corp13,104$161.8K0.00%+1,850+16.4%Added
UBS Group AG10,686$132.0K0.00%−13,517−55.8%Reduced
Barclays PLC10,633$131.3K0.00%+1,021+10.6%Added
Deutsche Bank AG9,832$121.4K0.00%+9,832New
Wells Fargo & Company7,834$96.8K0.00%+2,989+61.7%Added
Rhumbline Advisers4,419$54.6K0.00%−1,484−25.1%Reduced
JPMorgan Chase & Co3,250$40.1K0.00%+516+18.9%Added
Mirae Asset Global ETFs Holdings Ltd.3,240$40.0K0.00%+88+2.8%Added
BNP Paribas Arbitrage, SA2,150$26.6K0.00%−350−14.0%Reduced
New York State Common Retirement Fund1,800$22.2K0.00%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey1,258$15.5K0.00%00.0%Unchanged
STRS Ohio1,200$14.8K0.00%00.0%Unchanged
Royal Bank of Canada1,026$13.0K0.00%+960+1,454.5%Added
Tower Research Capital LLC (TRC)1,032$12.7K0.00%−463−31.0%Reduced
iA Global Asset Management Inc.1,000$12.0K0.00%00.0%Unchanged
Legal & General Group Plc657$8.09K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.565$6.98K0.00%00.0%Unchanged
California State Teachers Retirement System417$5.15K0.00%+417New
Jones Financial Companies LLLP380$4.69K0.00%+380New
FMR LLC307$3.79K0.00%+303+7,575.0%Added
Amalgamated Bank213$3.00K0.00%−7−3.2%Reduced
Citigroup Inc187$2.31K0.00%−33−15.0%Reduced
Sterling Capital Management LLC179$2.21K0.00%+19+11.9%Added
CWM, LLC167$2.00K0.00%+167New
Advisor Group Holdings, Inc.20$2470.00%+20New
EverSource Wealth Advisors, LLC5$620.00%+5New
True Wealth Design, LLC4$500.00%+4New
Allworth Financial LP2$250.00%+2New
IFP Advisors, Inc2$250.00%+2New
Essential Partners LLC1$120.00%+1New
Avidity Partners Management LP0$00.00%−321,912−100.0%Sold out
Citadel Advisors LLC0$00.00%−110,000−100.0%Sold out
Zimmer Partners, LP0$00.00%−50,000−100.0%Sold out
Monashee Investment Management LLC0$00.00%−40,000−100.0%Sold out
Nuveen, LLC0$00.00%−30,710−100.0%Sold out
Woodline Partners LP0$00.00%−23,210−100.0%Sold out
D. E. Shaw & Co., Inc.0$00.00%−10,037−100.0%Sold out