ZENAS BIOPHARMA INC - COMMON STOCK (ZBIO) Institutional Ownership

13F Institutional Holders and Ownership History from Q3 2024 to Q4 2025

Type / Class
Equity / COMMON STOCK
Symbol
ZBIO on Nasdaq
Shares outstanding
53,512,273
Price per share
$36.31
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
34,774,383
Total reported value
$771,813,059
% of total 13F portfolios
0%
Share change
+717,476
Value change
+$23,276,708
Number of holders
78
Price from insider filings
$36.31
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of ZENAS BIOPHARMA INC - COMMON STOCK (ZBIO) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
FMR LLC 14% +30% $277,876,336 +$109,228,632 7,652,255 +65% FMR LLC 31 Dec 2025
SR ONE CAPITAL MANAGEMENT, LLC 9.4% $111,851,442 5,037,854 SR One Capital Management, LLC 09 Oct 2025
InnoCare Pharma Inc. 9.4% $111,026,500 5,000,000 InnoCare Pharma Inc. 07 Oct 2025
Enavate Sciences GP, LLC 7.3% $87,013,952 3,919,159 Enavate Sciences GP, LLC 09 Oct 2025
MOULDER LEON O JR 5.2% +7.2% $101,943,527 +$7,704,625 2,806,792 +8.2% Leon O. Moulder, Jr. 07 Jan 2026
Longitude Capital Partners IV, LLC 4.9% $58,425,578 2,631,522 Patrick G. Enright 09 Oct 2025
Novo Holdings A/S 4.7% -12% $44,400,000 -$4,772,267 2,000,000 -9.7% Novo Holdings A/S 30 Sep 2025

As of 30 Sep 2025, 78 institutional investors reported holding 34,774,383 shares of ZENAS BIOPHARMA INC - COMMON STOCK (ZBIO). This represents 65% of the company’s total 53,512,273 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of ZENAS BIOPHARMA INC - COMMON STOCK (ZBIO) together control 64% 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
SR One Capital Management, LP 9.2% 4,911,539 0% 16% $109,036,166
FMR LLC 9% 4,820,370 +45% 0.01% $107,012,214
ENAVATE SCIENCES GP, LLC 7% 3,761,359 0% 25% $83,502,170
NEA Management Company, LLC 5.1% 2,733,719 0% 3.3% $60,688,562
NOVO HOLDINGS A/S 3.7% 2,000,000 -11% 2.9% $44,400,000
Fairmount Funds Management LLC 3.5% 1,892,806 0% 3.8% $42,020,293
FEDERATED HERMES, INC. 3.5% 1,861,838 0% 0.07% $41,332,804
NVP ASSOCIATES, LLC 3.4% 1,838,482 0% 25% $40,814,300
DEERFIELD MANAGEMENT COMPANY, L.P. 2.9% 1,562,942 0% 0.53% $34,697,312
BlackRock, Inc. 2.3% 1,228,641 +12% 0% $27,275,830
Vivo Capital, LLC 2.2% 1,183,260 0% 2.1% $26,268,372
VANGUARD GROUP INC 2.2% 1,162,758 +17% 0% $25,813,227
WELLINGTON MANAGEMENT GROUP LLP 1.6% 857,524 -2.4% 0% $19,037,032
ArrowMark Colorado Holdings LLC 1.5% 824,668 -25% 0.34% $18,307,630
Pivotal bioVenture Partners Investment Advisor LLC 1.5% 779,045 0% 10% $17,294,799
Rock Springs Capital Management LP 1.1% 580,677 -9.3% 0.75% $12,891,029
GEODE CAPITAL MANAGEMENT, LLC 0.88% 470,035 +26% 0% $10,437,533
STATE STREET CORP 0.71% 377,485 +22% 0% $8,380,167
PRICE T ROWE ASSOCIATES INC /MD/ 0.7% 374,298 -23% 0% $8,310,000
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.33% 178,396 +46% 0% $3,960,391
Eversept Partners, LP 0.3% 158,742 -51% 0.27% $3,524,072
SECTORAL ASSET MANAGEMENT INC 0.28% 152,025 -28% 2.1% $3,374,955
Invesco Ltd. 0.27% 145,796 0% $3,236,671
NORTHERN TRUST CORP 0.25% 133,278 +12% 0% $2,958,771
SCHRODER INVESTMENT MANAGEMENT GROUP 0.21% 112,612 -27% 0% $2,316,429

Institutional Holders of ZENAS BIOPHARMA INC - COMMON STOCK (ZBIO) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 1,571,094 $57,046,620 +$13,084,597 $36.31 26
2025 Q3 34,774,383 $771,813,059 +$23,276,708 $22.20 78
2025 Q2 34,055,191 $329,977,952 +$15,611,752 $9.69 72
2025 Q1 32,489,801 $256,715,238 +$5,759,402 $7.90 67
2024 Q4 31,699,756 $259,632,936 +$20,083,837 $8.19 65
2024 Q3 24,771,152 $418,526,187 +$418,475,122 $16.92 44