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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, Q1 2026

Institutional positions in Zenas BioPharma, Inc. as of Mar 31, 2026. 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
140
+23 vs. Q4 2025
Shares held
57.8M
+16.4M (+39.7%) vs. Q4 2025
Total value
$1.14B
−$353.3M (−23.6%) vs. Q4 2025
New holders
51
58 more added
Sold out
28
17 more reduced

2 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2026: 140 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 heldQ1 2026: $1.14B
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, Q1 2026

Shares, value and share of portfolio for each institution holding Zenas BioPharma, Inc.; share changes are against Q4 2025.

Institutions holding ZBIO in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
FMR LLC9,082,000$177.6M0.01%+1,377,745+17.9%Added
Sr One Capital Management, LP5,037,854$98.5M10.76%00.0%Unchanged
NEA Management Company, LLC4,023,219$78.7M4.47%+500,000+14.2%Added
Enavate Sciences GP, LLC3,919,159$76.6M21.80%00.0%Unchanged
Federated Hermes, Inc.3,127,031$61.1M0.10%+411,453+15.2%Added
Polar Capital Holdings Plc2,548,444$49.8M0.22%+1,490,835+141.0%Added
Capital International Investors2,434,000$47.6M0.01%+2,434,000New
Royalty Pharma Sub-Manager, LLC2,388,150$46.7M27.02%+1,125,000+89.1%Added
Fairmount Funds Management LLC2,359,025$46.1M3.33%+150,000+6.8%Added
BlackRock, Inc.2,037,548$39.8M0.00%+270,030+15.3%Added
NVP Associates, LLC1,838,482$35.9M20.40%00.0%Unchanged
Alliancebernstein L.P.897,321$32.6M0.01%+878,971+4,790.0%Added
State Street Corp1,470,923$28.8M0.00%+1,032,629+235.6%Added
Wellington Management Group LLP1,246,053$24.4M0.00%+390,719+45.7%Added
Vanguard Capital Management LLC1,245,391$24.3M0.00%+1,245,391New
Silverarc Capital Management, LLC1,135,935$22.2M2.62%+1,135,935New
EcoR1 Capital, LLC789,500$15.4M0.66%00.0%Unchanged
Balyasny Asset Management LLC667,070$13.0M0.03%+473,917+245.4%Added
ArrowMark Colorado Holdings LLC658,909$12.9M0.34%−92,252−12.3%Reduced
Geode Capital Management, LLC655,785$12.8M0.00%+67,392+11.5%Added
Pivotal bioVenture Partners Investment Advisor LLC591,991$11.6M4.14%00.0%Unchanged
Woodline Partners LP590,525$11.5M0.04%+590,525New
Great Point Partners LLC524,066$10.2M2.51%+524,066New
Rock Springs Capital Management LP502,077$9.82M0.58%00.0%Unchanged
Marshall Wace, LLP501,928$9.81M0.01%+494,828+6,969.4%Added
Millennium Management LLC476,818$9.32M0.01%+427,658+869.9%Added
NEXTBio Capital Management LP426,736$8.34M3.87%+104,753+32.5%Added
Bank of America Corp388,347$7.59M0.00%+341,187+723.5%Added
Goldman Sachs Group Inc381,461$7.46M0.00%+250,763+191.9%Added
UBS Group AG367,405$7.18M0.00%+297,910+428.7%Added
Price T Rowe Associates Inc357,266$6.99M0.00%−11,982−3.2%Reduced
Sio Capital Management, LLC331,730$6.49M0.93%+331,730New
Two Sigma Investments, LP275,056$5.38M0.00%+259,956+1,721.6%Added
Vanguard Portfolio Management LLC251,410$4.92M0.00%+251,410New
Jennison Associates LLC250,000$4.89M0.00%+250,000New
Charles Schwab Investment Management Inc224,402$4.39M0.00%+11,209+5.3%Added
Jefferies Financial Group Inc.219,947$4.30M0.05%+219,947New
iA Global Asset Management Inc.215,830$4.22M0.06%+215,830New
Sphera Funds Management Ltd.214,334$4.19M0.72%+214,334New
Vestal Point Capital, LP200,000$3.91M0.11%+200,000New
Northern Trust Corp194,640$3.81M0.00%+39,274+25.3%Added
Vanguard Fiduciary Trust Co179,388$3.51M0.00%+179,388New
SEB Asset Management AB163,860$3.20M0.01%+163,860New
Monashee Investment Management LLC150,000$2.93M1.60%+150,000New
Maven Securities LTD150,000$2.93M0.17%+150,000New
Walleye Capital LLC125,232$2.45M0.02%+125,232New
Invesco Ltd.113,479$2.22M0.00%−74,489−39.6%Reduced
Atom Investors LP107,016$2.09M0.15%+107,016New
Seven Grand Managers, LLC100,000$1.96M0.13%+100,000New
Morgan Stanley93,396$1.83M0.00%−34,939−27.2%Reduced
Susquehanna International Group, LLP85,005$1.66M0.00%+71,327+521.5%Added
Exome Asset Management LLC80,730$1.58M0.93%+80,730New
Voloridge Investment Management, LLC77,493$1.51M0.01%−55,946−41.9%Reduced
Birchview Capital, LP70,000$1.37M0.78%+70,000New
Nuveen, LLC67,770$1.32M0.00%+16,920+33.3%Added
Citadel Advisors LLC66,870$1.31M0.00%+42,411+173.4%Added
Bank of New York Mellon Corp60,864$1.19M0.00%+9,062+17.5%Added
Jump Financial, LLC60,001$1.17M0.02%+60,001New
AQR Capital Management LLC50,971$996.5K0.00%−27,249−34.8%Reduced
Rafferty Asset Management, LLC48,169$941.7K0.00%+48,169New
Alps Advisors Inc43,694$854.2K0.00%−383−0.9%Reduced
Squarepoint Ops LLC42,874$838.2K0.00%+27,333+175.9%Added
DAFNA Capital Management LLC42,500$830.9K0.19%+42,500New
Burkehill Global Management, LP40,000$782.0K0.04%+40,000New
J. Goldman & Co LP36,797$719.4K0.03%+36,797New
Swiss National Bank31,600$617.8K0.00%00.0%Unchanged
Schroder Investment Management Group33,697$614.1K0.00%−16,939−33.5%Reduced
Voleon Capital Management LP29,612$578.9K0.01%+19,425+190.7%Added
Barclays PLC29,610$578.9K0.00%−4,767−13.9%Reduced
Jacobs Levy Equity Management, Inc27,532$538.3K0.00%+27,532New
Rhumbline Advisers26,813$524.2K0.00%+4,867+22.2%Added
HRT Financial LP25,749$503.0K0.00%+25,749New
JPMorgan Chase & Co25,109$457.6K0.00%+3,383+15.6%Added
Profund Advisors LLC21,416$418.7K0.02%+21,416New
Quantinno Capital Management LP21,126$413.0K0.00%+21,126New
Vanguard Global Advisers, LLC20,840$407.4K0.00%+20,840New
State of Wisconsin Investment Board20,814$406.9K0.00%+10,593+103.6%Added
XTX Topco Ltd19,311$377.5K0.01%+7,128+58.5%Added
Deutsche Bank AG19,266$376.6K0.00%+6,485+50.7%Added
Aquatic Capital Management LLC18,640$364.4K0.01%+18,640New
Allstate Corp18,223$356.3K0.00%+18,223New
Schonfeld Strategic Advisors LLC17,638$344.8K0.00%+8,511+93.3%Added
CI Private Wealth, LLC16,845$329.3K0.00%+16,845New
Prelude Capital Management, LLC16,645$325.4K0.02%+16,645New
California State Teachers Retirement System15,819$309.3K0.00%+118+0.8%Added
UBS Asset Management Americas Inc15,523$303.5K0.00%+7,123+84.8%Added
Mirae Asset Global ETFs Holdings Ltd.14,386$276.8K0.00%+5,606+63.8%Added
China Universal Asset Management Co., Ltd.13,526$264.4K0.02%+212+1.6%Added
Scientech Research LLC12,952$253.2K0.21%+12,952New
MetLife Investment Management12,909$252.4K0.00%+2,809+27.8%Added
Creative Planning12,658$247.5K0.00%+385+3.1%Added
Fox Run Management, L.L.C.13,331$243.0K0.04%+13,331New
SEI Investments Co12,386$242.1K0.00%+12,386New
Vanguard Asset Management, Ltd10,642$208.1K0.00%+10,642New
Legal & General Group Plc10,432$203.9K0.00%−2,595−19.9%Reduced
BNP Paribas Arbitrage, SA9,999$195.5K0.00%+2,861+40.1%Added
Citigroup Inc9,888$193.3K0.00%+7,537+320.6%Added
Wells Fargo & Company8,885$173.7K0.00%−12,266−58.0%Reduced
Tower Research Capital LLC (TRC)7,235$141.4K0.00%+6,440+810.1%Added
Zurcher Kantonalbank (Zurich Cantonalbank)6,777$132.5K0.00%+6,777New