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Madrigal Pharmaceuticals, Inc.

MDGL
Exchange
Nasdaq
Industry
Pharmaceutical Preparations
SEC CIK
0001157601

In the last 90 days, Madrigal Pharmaceuticals, Inc. insiders filed 0 open-market purchases and 3 sales; 414 institutions reported holding it in 13F filings for Q2 2026, worth $12.7B in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Madrigal Pharmaceuticals, Inc. as of Sep 30, 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
352
+51 vs. Q2 2025
Shares held
23.4M
+16.4K (+0.1%) vs. Q2 2025
Total value
$10.7B
+$3.65B (+51.6%) vs. Q2 2025
New holders
87
107 more added
Sold out
36
107 more reduced

4 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting MDGL 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 holdersQ3 2025: 352 institutions
Q1 2021: 137 institutionsQ2 2021: 151 institutionsQ3 2021: 133 institutionsQ4 2021: 144 institutionsQ1 2022: 140 institutionsQ2 2022: 138 institutionsQ3 2022: 135 institutionsQ4 2022: 189 institutionsQ1 2023: 223 institutionsQ2 2023: 208 institutionsQ3 2023: 206 institutionsQ4 2023: 226 institutionsQ1 2024: 266 institutionsQ2 2024: 257 institutionsQ3 2024: 257 institutionsQ4 2024: 283 institutionsQ1 2025: 321 institutionsQ2 2025: 305 institutionsQ3 2025: 352 institutionsQ4 2025: 387 institutionsQ1 2026: 380 institutionsQ2 2026: 414 institutions
Value heldQ3 2025: $10.7B
Q1 2021: $1.43BQ2 2021: $1.09BQ3 2021: $876.5MQ4 2021: $1.01BQ1 2022: $1.20BQ2 2022: $857.7MQ3 2022: $763.2MQ4 2022: $3.86BQ1 2023: $3.36BQ2 2023: $3.43BQ3 2023: $2.54BQ4 2023: $4.57BQ1 2024: $5.64BQ2 2024: $6.41BQ3 2024: $4.77BQ4 2024: $7.08BQ1 2025: $7.85BQ2 2025: $7.13BQ3 2025: $10.7BQ4 2025: $13.7BQ1 2026: $12.4BQ2 2026: $12.7B
Institutions holding MDGL and their total value by quarter
QuarterHoldersValue
Q2 2026414$12.7B
Q1 2026380$12.4B
Q4 2025387$13.7B
Q3 2025352$10.7B
Q2 2025305$7.13B
Q1 2025321$7.85B
Q4 2024283$7.08B
Q3 2024257$4.77B
Q2 2024257$6.41B
Q1 2024266$5.64B
Q4 2023226$4.57B
Q3 2023206$2.54B
Q2 2023208$3.43B
Q1 2023223$3.36B
Q4 2022189$3.86B
Q3 2022135$763.2M
Q2 2022138$857.7M
Q1 2022140$1.20B
Q4 2021144$1.01B
Q3 2021133$876.5M
Q2 2021151$1.09B
Q1 2021137$1.43B

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Madrigal Pharmaceuticals, Inc.; share changes are against Q2 2025.

Institutions holding MDGL in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
California State Teachers Retirement System13,891$6.37M0.01%−242−1.7%Reduced
Macquarie Group Ltd13,493$6.19M0.01%−6,150−31.3%Reduced
TD Asset Management Inc13,324$6.11M0.00%−9,916−42.7%Reduced
University of Wisconsin Foundation13,007$5.97M5.05%−35,369−73.1%Reduced
Ameriprise Financial Inc12,997$5.96M0.00%+4,591+54.6%Added
Hennion & Walsh Asset Management, Inc.12,847$5.89M0.21%+172+1.4%Added
Journey Strategic Wealth LLC12,828$5.88M0.17%−250−1.9%Reduced
Mutual of America Capital Management LLC12,179$5.59M0.06%−130−1.1%Reduced
Principal Financial Group Inc12,068$5.54M0.00%+2,862+31.1%Added
Nan Fung Group Holdings Ltd11,872$5.45M9.13%00.0%Unchanged
First Light Asset Management, LLC11,539$5.29M0.50%+11,539New
Mirae Asset Global ETFs Holdings Ltd.11,356$5.19M0.01%−1,133−9.1%Reduced
State of Wisconsin Investment Board10,875$4.99M0.01%+1,881+20.9%Added
MetLife Investment Management10,807$4.96M0.02%+745+7.4%Added
EAM Investors, LLC10,844$4.89M0.56%+10,844New
Castleark Management LLC9,926$4.55M0.13%+9,926New
Citigroup Inc9,648$4.43M0.00%−8,835−47.8%Reduced
Canada Pension Plan Investment Board9,000$4.13M0.00%+3,600+66.7%Added
Creative Planning8,430$3.87M0.00%+3,268+63.3%Added
EFG Asset Management (North America) Corp.8,294$3.81M0.49%+8,294New
StemPoint Capital LP8,207$3.76M0.76%−44,487−84.4%Reduced
Algert Global LLC8,030$3.68M0.06%−1,500−15.7%Reduced
DekaBank Deutsche Girozentrale8,000$3.51M0.01%00.0%Unchanged
Intech Investment Management LLC6,670$3.06M0.03%−2,393−26.4%Reduced
AQR Capital Management LLC6,586$3.02M0.00%+3,419+108.0%Added
F/M Investments LLC6,322$2.90M0.11%+265+4.4%Added
Susquehanna Portfolio Strategies, LLC6,250$2.87M0.05%00.0%Unchanged
Prudential Financial Inc5,913$2.71M0.00%+783+15.3%Added
Dimensional Fund Advisors LP5,799$2.66M0.00%+1,929+49.8%Added
Victory Capital Management Inc5,763$2.64M0.00%−2,518−30.4%Reduced
Verition Fund Management LLC5,630$2.58M0.01%+1,310+30.3%Added
State of New Jersey Common Pension Fund D5,225$2.40M0.01%−1,665−24.2%Reduced
SG Americas Securities, LLC5,191$2.38M0.01%+5,191New
Police & Firemen's Retirement System of New Jersey5,165$2.37M0.02%+1,322+34.4%Added
Los Angeles Capital Management LLC5,124$2.35M0.01%−25−0.5%Reduced
Assetmark, Inc5,058$2.32M0.00%+160+3.3%Added
ADAR1 Capital Management, LLC4,895$2.25M0.22%+3,841+364.4%Added
Wolverine Trading, LLC5,056$2.24M0.05%+4,084+420.2%Added
Fieldview Capital Management, LLC4,658$2.14M0.35%+4,658New
State Board of Administration of Florida Retirement System4,609$2.11M0.00%−768−14.3%Reduced
Martingale Asset Management L P4,515$2.07M0.05%−930−17.1%Reduced
Calamos Advisors LLC4,485$2.06M0.01%+4,485New
Handelsbanken Fonder AB4,400$2.02M0.01%00.0%Unchanged
Arizona State Retirement System4,255$1.95M0.01%+78+1.9%Added
Profund Advisors LLC4,202$1.93M0.06%−988−19.0%Reduced
Brinker Capital Investments, LLC4,091$1.88M0.01%+453+12.5%Added
Shikiar Asset Management Inc4,000$1.83M0.46%−1,000−20.0%Reduced
ProShare Advisors LLC3,974$1.82M0.00%−317−7.4%Reduced
China Universal Asset Management Co., Ltd.3,907$1.79M0.15%−552−12.4%Reduced
Federated Hermes, Inc.3,885$1.78M0.00%+3,885New
Knights of Columbus Asset Advisors LLC3,848$1.76M0.10%−755−16.4%Reduced
First Trust Advisors LP3,795$1.74M0.00%+2,049+117.4%Added
Cetera Investment Advisers3,726$1.71M0.00%+1,866+100.3%Added
Entropy Technologies, LP3,702$1.70M0.13%+1,800+94.6%Added
Newbridge Financial Services Group, Inc.3,642$1.67M0.25%+66+1.8%Added
Cinctive Capital Management LP3,606$1.65M0.08%−1,162−24.4%Reduced
Allworth Financial LP3,548$1.63M0.01%+14+0.4%Added
HighVista Strategies LLC3,537$1.62M0.40%+1,232+53.4%Added
Teacher Retirement System of Texas3,531$1.62M0.01%−329−8.5%Reduced
Ami Asset Management Corp3,426$1.57M0.09%−14−0.4%Reduced
Farallon Capital Management, L.L.C.3,319$1.52M0.01%00.0%Unchanged
Dana Investment Advisors, Inc.3,181$1.46M0.04%+298+10.3%Added
Allianz Asset Management GmbH3,100$1.42M0.00%+1,600+106.7%Added
KLP Kapitalforvaltning AS3,000$1.38M0.01%00.0%Unchanged
Engineers Gate Manager LP2,934$1.35M0.02%−1,489−33.7%Reduced
Teachers Retirement System of the State of Kentucky2,872$1.32M0.01%+2,872New
Stifel Financial Corp2,609$1.20M0.00%−565−17.8%Reduced
Quadrant Capital Group LLC2,605$1.19M0.04%00.0%Unchanged
Bamco Inc2,600$1.19M0.00%+2,600New
Qube Research & Technologies Ltd2,588$1.19M0.00%−1,256−32.7%Reduced
Snowden Capital Advisors LLC2,510$1.15M0.03%+392+18.5%Added
FORA Capital, LLC2,503$1.15M0.20%+2,503New
Strid Group, LLC2,500$1.15M0.15%00.0%Unchanged
Commonwealth Equity Services, LLC2,477$1.14M0.00%+630+34.1%Added
First National Trust Co2,476$1.14M0.04%−5,538−69.1%Reduced
Pathstone Holdings, LLC2,436$1.12M0.00%+2,436New
J. Safra Sarasin Holding AG2,397$1.10M0.02%−4,426−64.9%Reduced
Bellevue Group AG2,393$1.10M0.02%+1,293+117.5%Added
CWM, LLC2,360$1.08M0.00%−220−8.5%Reduced
Fox Run Management, L.L.C.2,318$1.06M0.17%+2,318New
Toroso Investments, LLC2,209$1.01M0.00%+2,209New
STRS Ohio2,200$1.01M0.00%+800+57.1%Added
Zurcher Kantonalbank (Zurich Cantonalbank)2,123$973.7K0.00%−11−0.5%Reduced
D.A. Davidson & Co.2,071$949.9K0.01%+518+33.4%Added
Knott David M Jr2,000$917.3K0.38%00.0%Unchanged
Sigma Planning Corp2,000$917.3K0.03%+2,000New
CIBC Bancorp USA Inc.1,983$909.5K0.01%+1,983New
Baader Bank INC1,935$884.9K0.07%+1,935New
Mariner, LLC1,821$835.2K0.00%+271+17.5%Added
Millennium Management LLC1,798$824.7K0.00%−9,037−83.4%Reduced
Gsa Capital Partners LLP1,739$798.0K0.07%+1,739New
Guggenheim Capital LLC1,625$745.3K0.01%−413−20.3%Reduced
NEOS Investment Management LLC1,621$743.5K0.01%−180−10.0%Reduced
Tema ETFs LLC1,621$743.5K0.06%−180−10.0%Reduced
R Squared Ltd1,619$742.6K0.32%−151−8.5%Reduced
New York Life Investment Management LLC1,610$738.4K0.01%−43−2.6%Reduced
Kestra Advisory Services, LLC1,567$718.7K0.00%−98−5.9%Reduced
Ameritas Investment Partners, Inc.1,554$712.8K0.02%−170−9.9%Reduced
Great West Life Assurance Co1,608$711.0K0.00%00.0%Unchanged
NJ State Employees Deferred Compensation Plan1,500$688.0K0.08%00.0%Unchanged