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What exactly is the Technosphere® Platform?

NTM Lung Disease on the Rise

Institutional Shareholder Rotation

Table of Institutional Shareholder Rotation
Shareholder Holders Value Chg ($MM) % O/S Share Change
Buyers 167 152.03 8.77 27,009,472
Sellers 152 -122.46 7.10 -21,885,325
Net 29.58 1.66 5,124,147
Buyers
Holders:
167
Value ($MM):
152.03
% O/S:
8.77
Shares Change:
27,009,472
Sellers
Holders:
152
Value ($MM):
-122.46
% O/S:
7.10
Shares Change:
-21,885,325
Net
Holders:
Value ($MM):
29.58
% O/S:
1.66
Shares Change:
5,124,147

Institutional Shareholder Concentration

Table of Institutional Shareholder Concentration
Concentration Value ($MM) % O/S Shares
Top 10 Inst. 536.55 30.71 94,629,768
Top 20 Inst. 708.17 40.54 124,896,915
Top 50 Inst. 902.56 52.20 160,826,349
Total Inst. 1,054.33 61.30 188,881,954
Top 10 Inst.:
Value ($MM):
536.55
% O/S:
30.71
Shares:
94,629,768
Top 20 Inst.:
Value ($MM):
708.17
% O/S:
40.54
Shares:
124,896,915
Top 50 Inst.:
Value ($MM):
902.56
% O/S:
52.20
Shares:
160,826,349
Total Inst.:
Value ($MM):
1,054.33
% O/S:
61.30
Shares:
188,881,954

Institutional Shareholder Style

Table of Institutional Shareholder Style
Style Holders Value ($MM) Inst Shares: Shares
Growth 61 62.84 3.65 11,252,929
Aggressive Growth 4 9.52 0.55 1,680,142
Core Growth 42 45.33 2.65 8,159,935
Growth 15 7.98 0.46 1,412,852
Income 7 4.43 0.25 781,960
Income Value 4 4.30 0.25 758,008
Yield 3 0.14 0.01 23,952
Index 35 422.90 24.33 74,953,970
Other 119 445.11 25.52 78,619,040
Broker Dealer 29 103.87 5.95 18,323,495
GARP 27 62.97 3.64 11,212,206
Hedge Fund 59 228.44 13.08 40,294,978
Specialty 1 0.10 0.01 17,917
VC Private Equity 2 49.16 2.81 8,669,444
Sector Specific 1 0.57 0.03 101,000
Value 36 69.74 4.03 12,429,510
Core Value 27 33.86 1.96 6,025,603
Deep Value 9 35.87 2.08 6,403,907
Growth
Holders:
61
Value ($MM):
62.84
Inst Shares:
3.65
Shares:
11,252,929
Aggressive Growth
Holders:
4
Value ($MM):
9.52
Inst Shares:
0.55
Shares:
1,680,142
Core Growth
Holders:
42
Value ($MM):
45.33
Inst Shares:
2.65
Shares:
8,159,935
Growth
Holders:
15
Value ($MM):
7.98
Inst Shares:
0.46
Shares:
1,412,852
Income
Holders:
7
Value ($MM):
4.43
Inst Shares:
0.25
Shares:
781,960
Income Value
Holders:
4
Value ($MM):
4.30
Inst Shares:
0.25
Shares:
758,008
Yield
Holders:
3
Value ($MM):
0.14
Inst Shares:
0.01
Shares:
23,952
Index
Holders:
35
Value ($MM):
422.90
Inst Shares:
24.33
Shares:
74,953,970
Other
Holders:
119
Value ($MM):
445.11
Inst Shares:
25.52
Shares:
78,619,040
Broker Dealer
Holders:
29
Value ($MM):
103.87
Inst Shares:
5.95
Shares:
18,323,495
GARP
Holders:
27
Value ($MM):
62.97
Inst Shares:
3.64
Shares:
11,212,206
Hedge Fund
Holders:
59
Value ($MM):
228.44
Inst Shares:
13.08
Shares:
40,294,978
Specialty
Holders:
1
Value ($MM):
0.10
Inst Shares:
0.01
Shares:
17,917
VC Private Equity
Holders:
2
Value ($MM):
49.16
Inst Shares:
2.81
Shares:
8,669,444
Sector Specific
Holders:
1
Value ($MM):
0.57
Inst Shares:
0.03
Shares:
101,000
Value
Holders:
36
Value ($MM):
69.74
Inst Shares:
4.03
Shares:
12,429,510
Core Value
Holders:
27
Value ($MM):
33.86
Inst Shares:
1.96
Shares:
6,025,603
Deep Value
Holders:
9
Value ($MM):
35.87
Inst Shares:
2.08
Shares:
6,403,907

Top Holders: Institutional Investor

Table of Top Holders: Institutional Investor
Holder Shares Held % O/S Share Change Filing Date
BlackRock Institutional Trust Company, N.A. 23,796,370 7.72 458,272 12/31/25
The Vanguard Group, Inc. 17,817,529 5.78 250,290 12/31/25
State Street Investment Management (US) 14,623,269 4.75 3,883,071 12/31/25
Rubric Capital Management LP 7,476,495 2.43 -3,938,176 12/31/25
Geode Capital Management, L.L.C. 7,374,138 2.39 -11,375 12/31/25
Nitorum Capital, L.P. 5,325,823 1.73 -1,235,642 12/31/25
UBS Financial Services, Inc. 5,103,097 1.66 -91,642 12/31/25
Avoro Capital Advisors LLC 4,444,444 1.44 -24,433 12/31/25
Dimensional Fund Advisors, L.P. 4,443,603 1.44 426,921 12/31/25
Frazier Life Sciences Management, L.P. 4,225,000 1.37 4,225,000 12/31/25
Morgan Stanley & Co. LLC 3,787,469 1.23 545,393 12/31/25
Fidelity Management & Research Company LLC 3,576,256 1.16 257,495 12/31/25
Citadel Advisors LLC 3,571,955 1.16 2,271,398 12/31/25
Wellington Management Company, LLP 3,305,012 1.07 -162,709 12/31/25
TSP Capital Management Group, LLC 2,963,175 0.96 -20,800 12/31/25
180 Wealth Advisors, L.L.C. 2,958,944 0.96 86,658 12/31/25
BlackRock Financial Management, Inc. 2,835,376 0.92 -27,448 12/31/25
Charles Schwab Investment Management, Inc. 2,564,526 0.83 -13,796 12/31/25
BofA Global Research (US) 2,362,221 0.77 -585,318 12/31/25
Northern Trust Investments, Inc. 2,342,213 0.76 -57,930 12/31/25
Nuveen LLC 2,125,131 0.69 -488,371 12/31/25
Adage Capital Management, L.P. 1,894,000 0.61 200,000 12/31/25
Susquehanna International Group, LLP 1,882,234 0.61 676,784 12/31/25
Voloridge Investment Management, LLC 1,861,046 0.60 626,878 12/31/25
Eversept Partners, LP 1,852,563 0.60 -190,164 12/31/25
Qube Research & Technologies Ltd 1,831,136 0.59 -768,994 12/31/25
Castagna (Michael E) 1,785,528 0.58 115,290 3/10/26
Renaissance Technologies LLC 1,757,487 0.57 906,690 12/31/25
Two Sigma Investments, LP 1,709,809 0.56 -2,144,353 12/31/25
EcoR1 Capital, LLC 1,660,000 0.54 1,660,000 12/31/25
Goldman Sachs & Company, Inc. 1,434,148 0.47 -3,329 12/31/25
Invesco Capital Management LLC 1,409,994 0.46 -55,793 12/31/25
Apis Capital Advisors LLC 1,200,100 0.39 1,200,100 12/31/25
BlackRock Investment Management, LLC 1,172,234 0.38 -28,822 12/31/25
Axiom Investors 1,037,704 0.34 138,304 12/31/25
Barclays Bank PLC 1,025,234 0.33 179,381 12/31/25
Deltec Asset Management, LLC 974,700 0.32 251,200 12/31/25
Jacobs Levy Equity Management, Inc. 894,204 0.29 -703,473 12/31/25
DWS Investments UK Limited 837,446 0.27 366,765 12/31/25
Schroder Investment Management Ltd. (SIM) 825,084 0.27 339,990 12/31/25
Wells Fargo Bank, N.A. 822,112 0.27 -254,805 12/31/25
Healthcare Of Ontario Pension Plan 707,140 0.23 707,140 12/31/25
Scopia Capital Management LP 694,961 0.23 -- 12/31/25
Tross Stuart A 689,672 0.22 15,290 3/1/26
Apollo Capital Management, L.P. 664,113 0.22 -- 12/31/25
UBS Asset Management (UK) Ltd. 642,588 0.21 574,979 12/31/25
Parkman Healthcare Partners LLC 640,356 0.21 -15,728 12/31/25
AQR Capital Management, LLC 639,249 0.21 -97,430 12/31/25
BlackRock Advisors (UK) Limited 638,242 0.21 9,466 2/28/26
Thomson (David B) 621,219 0.20 -- 12/2/25
BlackRock Institutional Trust Company, N.A.
Shares Held:
23,796,370
% O/S:
7.72
Share Change:
458,272
Filing Date:
12/31/25
The Vanguard Group, Inc.
Shares Held:
17,817,529
% O/S:
5.78
Share Change:
250,290
Filing Date:
12/31/25
State Street Investment Management (US)
Shares Held:
14,623,269
% O/S:
4.75
Share Change:
3,883,071
Filing Date:
12/31/25
Rubric Capital Management LP
Shares Held:
7,476,495
% O/S:
2.43
Share Change:
-3,938,176
Filing Date:
12/31/25
Geode Capital Management, L.L.C.
Shares Held:
7,374,138
% O/S:
2.39
Share Change:
-11,375
Filing Date:
12/31/25
Nitorum Capital, L.P.
Shares Held:
5,325,823
% O/S:
1.73
Share Change:
-1,235,642
Filing Date:
12/31/25
UBS Financial Services, Inc.
Shares Held:
5,103,097
% O/S:
1.66
Share Change:
-91,642
Filing Date:
12/31/25
Avoro Capital Advisors LLC
Shares Held:
4,444,444
% O/S:
1.44
Share Change:
-24,433
Filing Date:
12/31/25
Dimensional Fund Advisors, L.P.
Shares Held:
4,443,603
% O/S:
1.44
Share Change:
426,921
Filing Date:
12/31/25
Frazier Life Sciences Management, L.P.
Shares Held:
4,225,000
% O/S:
1.37
Share Change:
4,225,000
Filing Date:
12/31/25
Morgan Stanley & Co. LLC
Shares Held:
3,787,469
% O/S:
1.23
Share Change:
545,393
Filing Date:
12/31/25
Fidelity Management & Research Company LLC
Shares Held:
3,576,256
% O/S:
1.16
Share Change:
257,495
Filing Date:
12/31/25
Citadel Advisors LLC
Shares Held:
3,571,955
% O/S:
1.16
Share Change:
2,271,398
Filing Date:
12/31/25
Wellington Management Company, LLP
Shares Held:
3,305,012
% O/S:
1.07
Share Change:
-162,709
Filing Date:
12/31/25
TSP Capital Management Group, LLC
Shares Held:
2,963,175
% O/S:
0.96
Share Change:
-20,800
Filing Date:
12/31/25
180 Wealth Advisors, L.L.C.
Shares Held:
2,958,944
% O/S:
0.96
Share Change:
86,658
Filing Date:
12/31/25
BlackRock Financial Management, Inc.
Shares Held:
2,835,376
% O/S:
0.92
Share Change:
-27,448
Filing Date:
12/31/25
Charles Schwab Investment Management, Inc.
Shares Held:
2,564,526
% O/S:
0.83
Share Change:
-13,796
Filing Date:
12/31/25
BofA Global Research (US)
Shares Held:
2,362,221
% O/S:
0.77
Share Change:
-585,318
Filing Date:
12/31/25
Northern Trust Investments, Inc.
Shares Held:
2,342,213
% O/S:
0.76
Share Change:
-57,930
Filing Date:
12/31/25
Nuveen LLC
Shares Held:
2,125,131
% O/S:
0.69
Share Change:
-488,371
Filing Date:
12/31/25
Adage Capital Management, L.P.
Shares Held:
1,894,000
% O/S:
0.61
Share Change:
200,000
Filing Date:
12/31/25
Susquehanna International Group, LLP
Shares Held:
1,882,234
% O/S:
0.61
Share Change:
676,784
Filing Date:
12/31/25
Voloridge Investment Management, LLC
Shares Held:
1,861,046
% O/S:
0.60
Share Change:
626,878
Filing Date:
12/31/25
Eversept Partners, LP
Shares Held:
1,852,563
% O/S:
0.60
Share Change:
-190,164
Filing Date:
12/31/25
Qube Research & Technologies Ltd
Shares Held:
1,831,136
% O/S:
0.59
Share Change:
-768,994
Filing Date:
12/31/25
Castagna (Michael E)
Shares Held:
1,785,528
% O/S:
0.58
Share Change:
115,290
Filing Date:
3/10/26
Renaissance Technologies LLC
Shares Held:
1,757,487
% O/S:
0.57
Share Change:
906,690
Filing Date:
12/31/25
Two Sigma Investments, LP
Shares Held:
1,709,809
% O/S:
0.56
Share Change:
-2,144,353
Filing Date:
12/31/25
EcoR1 Capital, LLC
Shares Held:
1,660,000
% O/S:
0.54
Share Change:
1,660,000
Filing Date:
12/31/25
Goldman Sachs & Company, Inc.
Shares Held:
1,434,148
% O/S:
0.47
Share Change:
-3,329
Filing Date:
12/31/25
Invesco Capital Management LLC
Shares Held:
1,409,994
% O/S:
0.46
Share Change:
-55,793
Filing Date:
12/31/25
Apis Capital Advisors LLC
Shares Held:
1,200,100
% O/S:
0.39
Share Change:
1,200,100
Filing Date:
12/31/25
BlackRock Investment Management, LLC
Shares Held:
1,172,234
% O/S:
0.38
Share Change:
-28,822
Filing Date:
12/31/25
Axiom Investors
Shares Held:
1,037,704
% O/S:
0.34
Share Change:
138,304
Filing Date:
12/31/25
Barclays Bank PLC
Shares Held:
1,025,234
% O/S:
0.33
Share Change:
179,381
Filing Date:
12/31/25
Deltec Asset Management, LLC
Shares Held:
974,700
% O/S:
0.32
Share Change:
251,200
Filing Date:
12/31/25
Jacobs Levy Equity Management, Inc.
Shares Held:
894,204
% O/S:
0.29
Share Change:
-703,473
Filing Date:
12/31/25
DWS Investments UK Limited
Shares Held:
837,446
% O/S:
0.27
Share Change:
366,765
Filing Date:
12/31/25
Schroder Investment Management Ltd. (SIM)
Shares Held:
825,084
% O/S:
0.27
Share Change:
339,990
Filing Date:
12/31/25
Wells Fargo Bank, N.A.
Shares Held:
822,112
% O/S:
0.27
Share Change:
-254,805
Filing Date:
12/31/25
Healthcare Of Ontario Pension Plan
Shares Held:
707,140
% O/S:
0.23
Share Change:
707,140
Filing Date:
12/31/25
Scopia Capital Management LP
Shares Held:
694,961
% O/S:
0.23
Share Change:
--
Filing Date:
12/31/25
Tross Stuart A
Shares Held:
689,672
% O/S:
0.22
Share Change:
15,290
Filing Date:
3/1/26
Apollo Capital Management, L.P.
Shares Held:
664,113
% O/S:
0.22
Share Change:
--
Filing Date:
12/31/25
UBS Asset Management (UK) Ltd.
Shares Held:
642,588
% O/S:
0.21
Share Change:
574,979
Filing Date:
12/31/25
Parkman Healthcare Partners LLC
Shares Held:
640,356
% O/S:
0.21
Share Change:
-15,728
Filing Date:
12/31/25
AQR Capital Management, LLC
Shares Held:
639,249
% O/S:
0.21
Share Change:
-97,430
Filing Date:
12/31/25
BlackRock Advisors (UK) Limited
Shares Held:
638,242
% O/S:
0.21
Share Change:
9,466
Filing Date:
2/28/26
Thomson (David B)
Shares Held:
621,219
% O/S:
0.20
Share Change:
--
Filing Date:
12/2/25

* Insider values reflect direct beneficial ownership.

Source: LSEG