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X4 Pharmaceuticals, Inc

XFOR
Exchange
Nasdaq
Industry
Biological Products, (No Diagnostic Substances)
SEC CIK
0001501697

In the last 90 days, X4 Pharmaceuticals, Inc insiders filed 0 open-market purchases and 3 sales; 89 institutions reported holding it in 13F filings for Q2 2026, worth $491.9M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in X4 Pharmaceuticals, 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
79
+38 vs. Q3 2025
Shares held
89.4M
+73.3M (+453.5%) vs. Q3 2025
Total value
$357.7M
+$302.5M (+547.4%) vs. Q3 2025
New holders
42
17 more added
Sold out
4
8 more reduced

1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

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

Holders and value by quarter

Institutions reporting XFOR 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: 79 institutions
Q1 2021: 61 institutionsQ2 2021: 63 institutionsQ3 2021: 52 institutionsQ4 2021: 52 institutionsQ1 2022: 56 institutionsQ2 2022: 51 institutionsQ3 2022: 59 institutionsQ4 2022: 54 institutionsQ1 2023: 59 institutionsQ2 2023: 96 institutionsQ3 2023: 91 institutionsQ4 2023: 93 institutionsQ1 2024: 98 institutionsQ2 2024: 99 institutionsQ3 2024: 98 institutionsQ4 2024: 90 institutionsQ1 2025: 94 institutionsQ2 2025: 52 institutionsQ3 2025: 42 institutionsQ4 2025: 79 institutionsQ1 2026: 84 institutionsQ2 2026: 89 institutions
Value heldQ4 2025: $357.7M
Q1 2021: $139.0MQ2 2021: $111.5MQ3 2021: $85.7MQ4 2021: $40.4MQ1 2022: $30.7MQ2 2022: $16.6MQ3 2022: $74.0MQ4 2022: $60.2MQ1 2023: $53.7MQ2 2023: $219.2MQ3 2023: $122.6MQ4 2023: $87.1MQ1 2024: $147.1MQ2 2024: $60.7MQ3 2024: $67.4MQ4 2024: $73.3MQ1 2025: $23.6MQ2 2025: $5.33MQ3 2025: $55.3MQ4 2025: $357.7MQ1 2026: $407.0MQ2 2026: $491.9M
Institutions holding XFOR and their total value by quarter
QuarterHoldersValue
Q2 202689$491.9M
Q1 202684$407.0M
Q4 202579$357.7M
Q3 202542$55.3M
Q2 202552$5.33M
Q1 202594$23.6M
Q4 202490$73.3M
Q3 202498$67.4M
Q2 202499$60.7M
Q1 202498$147.1M
Q4 202393$87.1M
Q3 202391$122.6M
Q2 202396$219.2M
Q1 202359$53.7M
Q4 202254$60.2M
Q3 202259$74.0M
Q2 202251$16.6M
Q1 202256$30.7M
Q4 202152$40.4M
Q3 202152$85.7M
Q2 202163$111.5M
Q1 202161$139.0M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding X4 Pharmaceuticals, Inc; share changes are against Q3 2025.

Institutions holding XFOR in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Empery Asset Management, LP8,951,105$35.8M31.57%+8,951,105New
FMR LLC8,499,100$34.0M0.00%+8,499,100New
Morgan Stanley8,208,015$32.8M0.00%+8,204,287+220,072.1%Added
Bain Capital Life Sciences Investors, LLC7,967,454$31.9M2.44%+5,530,866+227.0%Added
Perceptive Advisors LLC6,314,452$25.3M0.46%+6,314,452New
Saturn V Capital Management LLC5,800,530$23.2M4.26%+5,800,530New
Deep Track Capital, LP5,013,661$20.1M0.46%+3,891,177+346.7%Added
Kalehua Capital Management LLC3,722,840$14.9M14.73%+3,722,840New
Vanguard Group Inc3,423,662$13.7M0.00%+3,013,177+734.1%Added
Braidwell LP3,368,904$13.5M0.43%+3,368,904New
NEA Management Company, LLC3,233,743$12.9M0.66%+1,000,000+44.8%Added
Blackstone Group Inc.2,681,922$10.7M0.05%+2,681,922New
Rosalind Advisors, Inc.2,605,920$10.4M3.80%+1,061,313+68.7%Added
Trails Edge Capital Partners, LP2,571,478$10.3M2.54%+2,571,478New
Nantahala Capital Management, LLC2,449,468$9.80M0.58%+221,118+9.9%Added
BVF Inc2,233,742$8.93M0.30%00.0%Unchanged
Samsara BioCapital, LLC1,960,000$7.84M0.81%+1,960,000New
Siren, L.L.C.1,500,000$6.00M0.18%+1,500,000New
BlackRock, Inc.1,226,808$4.91M0.00%+1,164,874+1,880.8%Added
Woodline Partners LP1,000,855$4.00M0.02%+1,000,855New
Geode Capital Management, LLC940,447$3.76M0.00%+860,789+1,080.6%Added
StemPoint Capital LP898,465$3.59M0.62%+343,054+61.8%Added
Goldman Sachs Group Inc831,890$3.33M0.00%+831,890New
Point72 Asset Management, L.P.808,154$3.23M0.01%+786,488+3,630.1%Added
Stonepine Capital Management, LLC593,573$2.37M1.88%−462,765−43.8%Reduced
Silverarc Capital Management, LLC357,387$1.43M0.21%+357,387New
Acorn Capital Advisors, LLC273,349$1.09M0.37%00.0%Unchanged
State Street Corp198,234$792.9K0.00%+159,500+411.8%Added
Northern Trust Corp178,235$712.9K0.00%+178,235New
Pale Fire Capital SE167,590$670.4K0.09%−13,261−7.3%Reduced
Affinity Asset Advisors, LLC145,000$580.0K0.04%+145,000New
Citadel Advisors LLC128,675$514.7K0.00%+128,675New
Palumbo Wealth Management LLC113,357$453.4K0.11%+18,030+18.9%Added
Omers Administration Corp109,200$436.8K0.00%+109,200New
Jane Street Group, LLC91,413$365.7K0.00%+91,413New
Marshall Wace, LLP80,456$321.8K0.00%+80,456New
ExodusPoint Capital Management, LP79,072$316.3K0.00%+79,072New
Qube Research & Technologies Ltd67,747$271.0K0.00%+67,747New
Charles Schwab Investment Management Inc66,788$267.2K0.00%+66,788New
Balyasny Asset Management LLC64,505$258.0K0.00%+64,505New
Barclays PLC57,500$230.0K0.00%+57,500New
Millennium Management LLC55,978$223.9K0.00%−8,817−13.6%Reduced
Susquehanna Portfolio Strategies, LLC43,259$173.0K0.00%+43,259New
Bank of America Corp35,761$143.0K0.00%+16,457+85.3%Added
Citigroup Inc32,332$129.3K0.00%+32,300+100,937.5%Added
Hudson Bay Capital Management LP32,239$129.0K0.00%+32,239New
Jefferies Financial Group Inc.26,118$104.5K0.00%+26,118New
Man Group plc24,187$96.7K0.00%+24,187New
Virtu Financial LLC22,489$90.0K0.00%+22,489New
Lighthouse Investment Partners, LLC22,200$88.8K0.00%+22,200New
Susquehanna International Group, LLP22,135$88.5K0.00%+22,135New
Stifel Financial Corp20,496$82.0K0.00%+20,496New
Two Sigma Investments, LP17,246$69.0K0.00%+3,378+24.4%Added
Creative Planning16,427$65.7K0.00%+16,427New
Caxton Corp15,557$62.2K1.45%+15,557New
Squarepoint Ops LLC12,518$50.1K0.00%+12,518New
Tower Research Capital LLC (TRC)10,446$41.8K0.00%−233−2.2%Reduced
Indivisible Partners10,000$40.0K0.00%+10,000New
JPMorgan Chase & Co4,581$18.3K0.00%+4,548+13,781.8%Added
UBS Group AG4,129$16.5K0.00%−155,706−97.4%Reduced
Group One Trading, L.P.3,998$16.0K0.00%00.0%Unchanged
Signaturefd, LLC2,754$11.0K0.00%+2,754New
CIBC Private Wealth Group, LLC2,166$8.66K0.00%00.0%Unchanged
The PNC Financial Services Group, Inc.1,759$7.04K0.00%00.0%Unchanged
Russell Investments Group, Ltd.729$2.92K0.00%00.0%Unchanged
Allworth Financial LP715$2.86K0.00%+715New
Bleichroeder LP595$2.38K0.00%00.0%Unchanged
BNP Paribas Arbitrage, SA511$2.04K0.00%−43−7.8%Reduced
Farther Finance Advisors, LLC331$1.32K0.00%+331New
Ronald Blue Trust, Inc.284$1.14K0.00%00.0%Unchanged
Fortitude Family Office, LLC137$5480.00%+137New
SBI Securities Co., Ltd.50$2000.00%−166−76.9%Reduced
Jones Financial Companies LLLP38$1520.00%00.0%Unchanged
GWM Advisors LLC33$1320.00%00.0%Unchanged
Rockefeller Capital Management L.P.33$1320.00%00.0%Unchanged
RMG Wealth Management LLC28$640.00%+28New
HighMark Wealth Management LLC6$240.00%00.0%Unchanged
Northwestern Mutual Wealth Management Co5$200.00%+5New
Royal Bank of Canada104$00.00%−2,429−95.9%Reduced
Kingdon Capital Management, L.L.C.0$00.00%−933,332−100.0%Sold out
Boothbay Fund Management, LLC0$00.00%−343,963−100.0%Sold out
Renaissance Technologies LLC0$00.00%−19,177−100.0%Sold out
TD Waterhouse Canada Inc.0$00.00%−1,500−100.0%Sold out
Point72 Asia (Singapore) Pte. Ltd.––––Not filed