Candel Therapeutics, Inc. - Common stock, par value $0.0001 per share (CADL) Institutional Ownership

13F Institutional Holders and Ownership History from Q3 2021 to Q4 2025

Type / Class
Equity / Common stock, par value $0.0001 per share
Symbol
CADL on Nasdaq
Shares outstanding
49,625,327
Price per share
$5.65
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
22,652,478
Total reported value
$115,539,883
% of total 13F portfolios
0%
Share change
-373,355
Value change
-$1,871,335
Number of holders
80
Price from insider filings
$5.65
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Candel Therapeutics, Inc. - Common stock, par value $0.0001 per share (CADL) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
FMR LLC 15% +63% $30,582,610 +$11,592,390 6,318,721 +61% FMR LLC 31 Jan 2025
ACORN BIOVENTURES, L.P. 5.2% $14,115,428 2,580,517 Anders Hove 25 Jun 2025
BAKER BROS. ADVISORS LP 5% -26% $11,882,723 -$2,550,075 2,455,108 -18% Baker Bros. Advisors LP 31 Mar 2025

As of 30 Sep 2025, 80 institutional investors reported holding 22,652,478 shares of Candel Therapeutics, Inc. - Common stock, par value $0.0001 per share (CADL). This represents 46% of the company’s total 49,625,327 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Candel Therapeutics, Inc. - Common stock, par value $0.0001 per share (CADL) together control 44% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
FMR LLC 17% 8,233,385 -0% 0% $41,990,263
ACORN CAPITAL ADVISORS, LLC 5.2% 2,580,517 0% 6.7% $13,160,637
BlackRock, Inc. 4.8% 2,379,330 +3.4% 0% $12,134,582
VANGUARD GROUP INC 4% 2,007,112 +12% 0% $10,236,272
Portolan Capital Management, LLC 2.8% 1,384,142 -15% 0.38% $7,059,124
GEODE CAPITAL MANAGEMENT, LLC 1.9% 928,197 +2.7% 0% $4,734,652
Halter Ferguson Financial Inc. 1.4% 698,004 -10% 0.86% $3,559,821
STATE STREET CORP 1.4% 688,766 +5.6% 0% $3,512,707
Sands Capital Alternatives, LLC 0.82% 405,837 0% 0.45% $2,069,769
NORTHERN TRUST CORP 0.62% 306,775 +6.6% 0% $1,564,553
CITADEL ADVISORS LLC 0.51% 252,291 0% $1,286,684
SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.45% 223,821 -37% 0% $1,141,487
Nuveen, LLC 0.42% 209,662 +127% 0% $1,069,276
Tanager Wealth Management LLP 0.4% 198,175 +0.79% 0.11% $1,010,693
WELLINGTON MANAGEMENT GROUP LLP 0.28% 137,888 +60% 0% $703,229
MILLENNIUM MANAGEMENT LLC 0.28% 136,670 0% $697,017
TWO SIGMA INVESTMENTS, LP 0.27% 136,116 -63% 0% $694,192
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.24% 121,004 +6.4% 0% $617,120
MARSHALL WACE, LLP 0.21% 103,847 -36% 0% $529,621
Bank of New York Mellon Corp 0.19% 94,569 +8.9% 0% $482,300
UBS Group AG 0.19% 94,071 +14% 0% $479,762
COMMONWEALTH EQUITY SERVICES, LLC 0.17% 82,221 +0.76% 0% $419,000
Kovitz Investment Group Partners, LLC 0.16% 79,316 0% $404,512
MORGAN STANLEY 0.15% 75,941 -33% 0% $387,300
ALLIANCEBERNSTEIN L.P. 0.14% 69,110 0% 0% $352,461

Institutional Holders of Candel Therapeutics, Inc. - Common stock, par value $0.0001 per share (CADL) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 295 $1,667 +$542 $5.65 1
2025 Q3 22,652,478 $115,539,883 -$1,871,335 $5.10 80
2025 Q2 23,037,394 $116,569,933 +$8,831,720 $5.06 78
2025 Q1 21,190,126 $119,726,836 +$12,537,033 $5.65 82
2024 Q4 17,950,985 $155,743,026 +$97,379,454 $8.68 70
2024 Q3 6,693,196 $46,384,699 +$3,074,083 $6.93 51
2024 Q2 5,961,761 $36,964,279 +$13,959,987 $6.20 45
2024 Q1 3,780,257 $5,972,529 -$231,572 $1.58 18
2023 Q4 4,027,160 $5,919,504 -$1,196,574 $1.47 21
2023 Q3 5,257,852 $4,856,205 -$147,500 $0.92 19
2023 Q2 5,370,044 $6,766,125 -$142,743 $1.26 19
2023 Q1 5,478,268 $7,437,200 +$69,459 $1.35 20
2022 Q4 5,420,630 $9,702,154 -$1,788,500 $1.79 20
2022 Q3 6,080,809 $19,096,287 -$834,398 $3.14 22
2022 Q2 6,345,954 $20,561,000 -$1,159,878 $3.24 21
2022 Q1 6,674,026 $33,969,000 -$1,719,786 $5.08 21
2021 Q4 6,951,728 $54,359,000 +$875,765 $7.82 20
2021 Q3 4,884,284 $52,945,000 +$44,146,000 $10.84 12