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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 $463.0M 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: $138.7MQ2 2021: $107.8MQ3 2021: $85.7MQ4 2021: $40.2MQ1 2022: $28.6MQ2 2022: $15.5MQ3 2022: $66.9MQ4 2022: $60.2MQ1 2023: $53.6MQ2 2023: $219.1MQ3 2023: $122.6MQ4 2023: $81.2MQ1 2024: $143.2MQ2 2024: $58.9MQ3 2024: $67.3MQ4 2024: $73.2MQ1 2025: $23.3MQ2 2025: $5.33MQ3 2025: $55.3MQ4 2025: $357.7MQ1 2026: $388.1MQ2 2026: $463.0M
Institutions holding XFOR and their total value by quarter
QuarterHoldersValue
Q2 202689$463.0M
Q1 202684$388.1M
Q4 202579$357.7M
Q3 202542$55.3M
Q2 202552$5.33M
Q1 202594$23.3M
Q4 202490$73.2M
Q3 202498$67.3M
Q2 202499$58.9M
Q1 202498$143.2M
Q4 202393$81.2M
Q3 202391$122.6M
Q2 202396$219.1M
Q1 202359$53.6M
Q4 202254$60.2M
Q3 202259$66.9M
Q2 202251$15.5M
Q1 202256$28.6M
Q4 202152$40.2M
Q3 202152$85.7M
Q2 202163$107.8M
Q1 202161$138.7M

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
Royal Bank of Canada104$00.00%−2,429−95.9%Reduced
Northwestern Mutual Wealth Management Co5$200.00%+5New
HighMark Wealth Management LLC6$240.00%00.0%Unchanged
RMG Wealth Management LLC28$640.00%+28New
GWM Advisors LLC33$1320.00%00.0%Unchanged
Rockefeller Capital Management L.P.33$1320.00%00.0%Unchanged
Jones Financial Companies LLLP38$1520.00%00.0%Unchanged
SBI Securities Co., Ltd.50$2000.00%−166−76.9%Reduced
Fortitude Family Office, LLC137$5480.00%+137New
Ronald Blue Trust, Inc.284$1.14K0.00%00.0%Unchanged
Farther Finance Advisors, LLC331$1.32K0.00%+331New
BNP Paribas Arbitrage, SA511$2.04K0.00%−43−7.8%Reduced
Bleichroeder LP595$2.38K0.00%00.0%Unchanged
Allworth Financial LP715$2.86K0.00%+715New
Russell Investments Group, Ltd.729$2.92K0.00%00.0%Unchanged
The PNC Financial Services Group, Inc.1,759$7.04K0.00%00.0%Unchanged
CIBC Private Wealth Group, LLC2,166$8.66K0.00%00.0%Unchanged
Signaturefd, LLC2,754$11.0K0.00%+2,754New
Group One Trading, L.P.3,998$16.0K0.00%00.0%Unchanged
UBS Group AG4,129$16.5K0.00%−155,706−97.4%Reduced
JPMorgan Chase & Co4,581$18.3K0.00%+4,548+13,781.8%Added
Indivisible Partners10,000$40.0K0.00%+10,000New
Tower Research Capital LLC (TRC)10,446$41.8K0.00%−233−2.2%Reduced
Squarepoint Ops LLC12,518$50.1K0.00%+12,518New
Caxton Corp15,557$62.2K1.45%+15,557New
Creative Planning16,427$65.7K0.00%+16,427New
Two Sigma Investments, LP17,246$69.0K0.00%+3,378+24.4%Added
Stifel Financial Corp20,496$82.0K0.00%+20,496New
Susquehanna International Group, LLP22,135$88.5K0.00%+22,135New
Lighthouse Investment Partners, LLC22,200$88.8K0.00%+22,200New
Virtu Financial LLC22,489$90.0K0.00%+22,489New
Man Group plc24,187$96.7K0.00%+24,187New
Jefferies Financial Group Inc.26,118$104.5K0.00%+26,118New
Hudson Bay Capital Management LP32,239$129.0K0.00%+32,239New
Citigroup Inc32,332$129.3K0.00%+32,300+100,937.5%Added
Bank of America Corp35,761$143.0K0.00%+16,457+85.3%Added
Susquehanna Portfolio Strategies, LLC43,259$173.0K0.00%+43,259New
Millennium Management LLC55,978$223.9K0.00%−8,817−13.6%Reduced
Barclays PLC57,500$230.0K0.00%+57,500New
Balyasny Asset Management LLC64,505$258.0K0.00%+64,505New
Charles Schwab Investment Management Inc66,788$267.2K0.00%+66,788New
Qube Research & Technologies Ltd67,747$271.0K0.00%+67,747New
ExodusPoint Capital Management, LP79,072$316.3K0.00%+79,072New
Marshall Wace, LLP80,456$321.8K0.00%+80,456New
Jane Street Group, LLC91,413$365.7K0.00%+91,413New
Omers Administration Corp109,200$436.8K0.00%+109,200New
Palumbo Wealth Management LLC113,357$453.4K0.11%+18,030+18.9%Added
Citadel Advisors LLC128,675$514.7K0.00%+128,675New
Affinity Asset Advisors, LLC145,000$580.0K0.04%+145,000New
Pale Fire Capital SE167,590$670.4K0.09%−13,261−7.3%Reduced
Northern Trust Corp178,235$712.9K0.00%+178,235New
State Street Corp198,234$792.9K0.00%+159,500+411.8%Added
Acorn Capital Advisors, LLC273,349$1.09M0.37%00.0%Unchanged
Silverarc Capital Management, LLC357,387$1.43M0.21%+357,387New
Stonepine Capital Management, LLC593,573$2.37M1.88%−462,765−43.8%Reduced
Point72 Asset Management, L.P.808,154$3.23M0.01%+786,488+3,630.1%Added
Goldman Sachs Group Inc831,890$3.33M0.00%+831,890New
StemPoint Capital LP898,465$3.59M0.62%+343,054+61.8%Added
Geode Capital Management, LLC940,447$3.76M0.00%+860,789+1,080.6%Added
Woodline Partners LP1,000,855$4.00M0.02%+1,000,855New
BlackRock, Inc.1,226,808$4.91M0.00%+1,164,874+1,880.8%Added
Siren, L.L.C.1,500,000$6.00M0.18%+1,500,000New
Samsara BioCapital, LLC1,960,000$7.84M0.81%+1,960,000New
BVF Inc2,233,742$8.93M0.30%00.0%Unchanged
Nantahala Capital Management, LLC2,449,468$9.80M0.58%+221,118+9.9%Added
Trails Edge Capital Partners, LP2,571,478$10.3M2.54%+2,571,478New
Rosalind Advisors, Inc.2,605,920$10.4M4.00%+1,061,313+68.7%Added
Blackstone Group Inc.2,681,922$10.7M0.05%+2,681,922New
NEA Management Company, LLC3,233,743$12.9M0.66%+1,000,000+44.8%Added
Braidwell LP3,368,904$13.5M0.43%+3,368,904New
Vanguard Group Inc3,423,662$13.7M0.00%+3,013,177+734.1%Added
Kalehua Capital Management LLC3,722,840$14.9M14.73%+3,722,840New
Deep Track Capital, LP5,013,661$20.1M0.46%+3,891,177+346.7%Added
Saturn V Capital Management LLC5,800,530$23.2M4.26%+5,800,530New
Perceptive Advisors LLC6,314,452$25.3M0.46%+6,314,452New
Bain Capital Life Sciences Investors, LLC7,967,454$31.9M2.44%+5,530,866+227.0%Added
Morgan Stanley8,208,015$32.8M0.00%+8,204,287+220,072.1%Added
FMR LLC8,499,100$34.0M0.00%+8,499,100New
Empery Asset Management, LP8,951,105$35.8M31.57%+8,951,105New
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