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Zenas BioPharma, Inc.

ZBIO
Exchange
Nasdaq
Industry
Pharmaceutical Preparations
SEC CIK
0001953926

No open-market purchases or sales by Zenas BioPharma, Inc. insiders were filed in the last 90 days; 144 institutions reported holding it in 13F filings for Q2 2026, worth $1.55B in total; no superinvestor holds it.

13F holders, Q2 2025

Institutional positions in Zenas BioPharma, Inc. as of Jun 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
73
+6 vs. Q1 2025
Shares held
34.1M
+1.57M (+4.8%) vs. Q1 2025
Total value
$330.0M
+$73.3M (+28.5%) vs. Q1 2025
New holders
11
34 more added
Sold out
5
12 more reduced

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting ZBIO 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 holdersQ2 2025: 73 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: 44 institutionsQ4 2024: 65 institutionsQ1 2025: 67 institutionsQ2 2025: 73 institutionsQ3 2025: 80 institutionsQ4 2025: 119 institutionsQ1 2026: 140 institutionsQ2 2026: 144 institutions
Value heldQ2 2025: $330.0M
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: $418.5MQ4 2024: $259.6MQ1 2025: $256.7MQ2 2025: $330.0MQ3 2025: $774.5MQ4 2025: $1.55BQ1 2026: $1.14BQ2 2026: $1.55B
Institutions holding ZBIO and their total value by quarter
QuarterHoldersValue
Q2 2026144$1.55B
Q1 2026140$1.14B
Q4 2025119$1.55B
Q3 202580$774.5M
Q2 202573$330.0M
Q1 202567$256.7M
Q4 202465$259.6M
Q3 202444$418.5M
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, Q2 2025

Shares, value and share of portfolio for each institution holding Zenas BioPharma, Inc.; share changes are against Q1 2025.

Institutions holding ZBIO in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Sr One Capital Management, LP4,911,539$47.6M10.32%00.0%Unchanged
Enavate Sciences GP, LLC3,761,359$36.4M20.65%00.0%Unchanged
FMR LLC3,323,534$32.2M0.00%+471,163+16.5%Added
NEA Management Company, LLC2,733,719$26.5M1.99%+119,771+4.6%Added
Novo Holdings A/S2,250,000$21.8M1.54%+35,033+1.6%Added
Fairmount Funds Management LLC1,892,806$18.3M2.38%00.0%Unchanged
Federated Hermes, Inc.1,861,838$18.0M0.03%+703,838+60.8%Added
NVP Associates, LLC1,838,482$17.8M9.67%00.0%Unchanged
Deerfield Management Company, L.P. (Series C)1,562,942$15.1M0.27%00.0%Unchanged
Vivo Capital, LLC1,183,260$11.5M1.17%00.0%Unchanged
BlackRock, Inc.1,095,609$10.6M0.00%+81,499+8.0%Added
ArrowMark Colorado Holdings LLC1,094,338$10.6M0.19%−3,031−0.3%Reduced
Vanguard Group Inc992,212$9.61M0.00%+16,306+1.7%Added
Wellington Management Group LLP878,918$8.52M0.00%+5,295+0.6%Added
Pivotal bioVenture Partners Investment Advisor LLC779,045$7.55M4.68%+42,400+5.8%Added
Rock Springs Capital Management LP640,467$6.21M0.39%−238,200−27.1%Reduced
Price T Rowe Associates Inc485,202$4.70M0.00%−32,404−6.3%Reduced
Geode Capital Management, LLC373,617$3.62M0.00%+16,461+4.6%Added
Eversept Partners, LP325,479$3.15M0.32%−120,109−27.0%Reduced
State Street Corp310,236$3.01M0.00%+44,036+16.5%Added
Citadel Advisors LLC293,785$2.85M0.00%+293,785New
Catalio Capital Management, LP215,314$2.09M0.44%−79,834−27.0%Reduced
Sectoral Asset Management Inc210,625$2.04M1.35%+210,625New
Schroder Investment Management Group154,916$1.48M0.00%−9,119−5.6%Reduced
Morgan Stanley124,301$1.20M0.00%+46,391+59.5%Added
Charles Schwab Investment Management Inc122,210$1.18M0.00%+6,070+5.2%Added
Northern Trust Corp119,515$1.16M0.00%−723−0.6%Reduced
Superstring Capital Management LP111,605$1.08M1.35%00.0%Unchanged
Bank of New York Mellon Corp38,433$372.4K0.00%+3,245+9.2%Added
Nuveen, LLC31,626$306.5K0.00%00.0%Unchanged
Barclays PLC27,813$269.5K0.00%+11,653+72.1%Added
AQR Capital Management LLC24,668$239.0K0.00%+24,668New
UBS Group AG24,263$235.1K0.00%+3,498+16.8%Added
Alps Advisors Inc22,553$218.5K0.00%−5,579−19.8%Reduced
Rhumbline Advisers19,721$191.1K0.00%+8,207+71.3%Added
Two Sigma Investments, LP19,617$190.1K0.00%+19,617New
Susquehanna International Group, LLP19,541$189.4K0.00%+904+4.9%Added
Birchview Capital, LP16,500$159.9K0.16%00.0%Unchanged
Alliancebernstein L.P.16,360$158.5K0.00%+16,360New
UBS Asset Management Americas Inc14,900$144.4K0.00%+14,900New
Bank of America Corp13,991$135.6K0.00%+3,412+32.3%Added
Intech Investment Management LLC13,206$128.0K0.00%+1,607+13.9%Added
Alpine Global Management, LLC12,907$125.1K0.03%+12,907New
SEI Investments Co12,142$117.6K0.00%+186+1.6%Added
Wells Fargo & Company10,424$101.0K0.00%+2,261+27.7%Added
MetLife Investment Management10,100$97.9K0.00%+13+0.1%Added
The PNC Financial Services Group, Inc.9,179$88.9K0.00%+2,679+41.2%Added
Mirae Asset Global ETFs Holdings Ltd.8,886$86.1K0.00%−100−1.1%Reduced
JPMorgan Chase & Co7,676$74.4K0.00%+409+5.6%Added
New York State Common Retirement Fund6,200$60.1K0.00%00.0%Unchanged
Citigroup Inc5,451$52.8K0.00%−5,359−49.6%Reduced
Police & Firemen's Retirement System of New Jersey4,499$43.6K0.00%00.0%Unchanged
STRS Ohio2,800$27.1K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)2,546$24.7K0.00%+1,135+80.4%Added
Ameritas Investment Partners, Inc.1,608$15.6K0.00%00.0%Unchanged
Legal & General Group Plc1,548$15.0K0.00%+29+1.9%Added
CWM, LLC1,465$14.0K0.00%+989+207.8%Added
BNP Paribas Arbitrage, SA1,430$13.9K0.00%−23,868−94.3%Reduced
Royal Bank of Canada1,334$13.0K0.00%+880+193.8%Added
California State Teachers Retirement System1,144$11.1K0.00%00.0%Unchanged
US Bancorp1,061$10.3K0.00%+788+288.6%Added
Quarry LP843$8.17K0.00%+843New
Amalgamated Bank524$5.00K0.00%00.0%Unchanged
Sterling Capital Management LLC439$4.25K0.00%+308+235.1%Added
Signaturefd, LLC295$2.86K0.00%+167+130.5%Added
Deutsche Bank AG280$2.71K0.00%−22,710−98.8%Reduced
Nisa Investment Advisors, LLC115$1.11K0.00%+87+310.7%Added
GAMMA Investing LLC79$7660.00%+38+92.7%Added
UMA Financial Services, Inc.67$6500.00%+67New
EverSource Wealth Advisors, LLC58$5620.00%+56+2,800.0%Added
Clearstead Advisors, LLC23$2230.00%+23New
True Wealth Design, LLC3$300.00%00.0%Unchanged
Essential Partners LLC2$190.00%+2New
Jefferies Financial Group Inc.0$00.00%−44,067−100.0%Sold out
Gsa Capital Partners LLP0$00.00%−31,757−100.0%Sold out
Goldman Sachs Group Inc0$00.00%−23,957−100.0%Sold out
Stoneridge Investment Partners LLC0$00.00%−10,955−100.0%Sold out
Corebridge Financial, Inc.0$00.00%−7,529−100.0%Sold out