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$ACAD
$19.85 +$0.11 (0.56%) Pre-market

Ownership

13F as of Q2 2026 · 172.3M shares outstanding

Who owns ACAD?

By type of holder
Institutions 97.9% Insiders 2.1% Everyone else 0.0%
Concentration Top 10 holders own 133.3%
Julian C. Baker 25.1% · Felix J. Baker 25.1%
Institutional ownership
97.9%
+2.2 pts vs last qtr
Institutional holders
353
+10 vs last qtr
Net shares bought
+3.8M
by institutions in Q2 2026
New / sold out
49 / 39
positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026
  • Marshall Wace, LLP +1.7M
  • Norges Bank NEW +1.6M

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Biggest sellers in Q2 2026
  • First Trust Advisors LP −3.2M
  • Braidwell LP −824.8K

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Who is planning to sell?

Notices of proposed sale, last 12 months
$1.24M
4 notices from 4 people
Shares covered
52.7K
0.03% of the company
Arranged in advance
37%
of the value is under a 10b5-1 plan
Under a 10b5-1 plan No plan
$0$335.5K$671.0KNov 2025: $671.0K without a planNovDecJanFebMarAprMay 2026: $114.4K without a planMayJun 2026: $297.0K under a 10b5-1 planJunJulAug 2026: $158.8K under a 10b5-1 planAugSepOct
Largest proposed sellers
  • James M Daly Director $671K
  • Kihara James Officer 10b5-1 $297K

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Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2009–FY2025
+353.4%
+18.29% a year
Each share's claim on the business
−77.9%
shrank without buying or selling a share
Spent on buybacks vs paid in stock
— vs $409M
over 10 fiscal years
Diluted shares, split-adjusted
152.6K85.9M171.6M2009: 37.5M shares'092010: 38.7M shares'102011: 52.2M shares'112012: 55.1M shares'122020: 157.3K shares'202021: 160.5K shares'212022: 161.7M shares'222023: 163.8M shares'232024: 166.4M shares'242025: 169.9M shares'25
Buybacks Stock-based comp
$0$42.2M$84.4M2009 buybacks: $02009 stock comp: $2.1M'092010 buybacks: $02010 stock comp: $1.6M'102011 buybacks: $02011 stock comp: $1.6M'112012 buybacks: $02012 stock comp: $1.9M'122020 buybacks: $02020 stock comp: $84.4M'202021 buybacks: $02021 stock comp: $63.6M'212022 buybacks: $02022 stock comp: $68.2M'222023 buybacks: $02023 stock comp: $66.4M'232024 buybacks: $02024 stock comp: $67.0M'242025 buybacks: $02025 stock comp: $52.1M'25

How patient are the owners?

Institutional shares by how long they've been held
5+ years71% 3–5 years9% 1–3 years13% Under 1 year7%
Quarterly turnover
8.9%
of institutional shares changed hands
Top 10 managers, median time held
5 years

Super Investors

Investment managers reporting ACAD on Form 13F
BB
Baker Bros. Advisors LP
13D · 25.3%
Shares
42.9M
% of company
24.91%
Change vs last qtr
+16.2K (+0.0%)
Held since
≤2021
B
BlackRock, Inc.
Shares
22.5M
% of company
13.07%
Change vs last qtr
+964.3K (+4.5%)
Held since
≤2021

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Institutional Funds

Mutual funds and ETFs reporting ACAD on Form N-PORT; together they hold 33.7% of the company
Position value
$193M
% of company
4.43%
% of the fund
0.17%
As of
June 30, 2026
VT
Position value
$103M
% of company
2.36%
% of the fund
0.00%
As of
June 30, 2026

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Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G
JC
Julian C. Baker
5%+ holder13D · 25.4%
Shares
43.3M
% of company
25.13%
Change vs last qtr
—
Held since
—
FJ
Felix J. Baker
5%+ holder13D · 25.4%
Shares
43.3M
% of company
25.13%
Change vs last qtr
—
Held since
—

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