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$FULC
$3.64 -$0.04 (1.09%) Close

Ownership

13F as of Q2 2026 · 76.3M shares outstanding

Who owns FULC?

By type of holder
Institutions 100.0% Insiders 0.0% Everyone else 0.0%
Concentration Top 10 holders own 57.4%
BlackRock, Inc. 11.6% · Montanova Capital, LLC 4.8%
Institutional ownership
100.0%
+6.0 pts vs last qtr
Institutional holders
152
-17 vs last qtr
Net shares bought
+6.5M
by institutions in Q2 2026
New / sold out
28 / 45
positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026
  • EcoR1 Capital, LLC NEW +6.5M
  • Tang Capital Management LLC NEW +6.5M

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Biggest sellers in Q2 2026
  • Ra Capital Management, L.P. SOLD OUT −6.1M
  • TCG Crossover Management, LLC SOLD OUT −5.3M

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Who is planning to sell?

Notices of proposed sale, last 12 months
$54.8M
5 notices from 5 people
Shares covered
4.3M
5.58% of the company
Arranged in advance
1%
of the value is under a 10b5-1 plan
Under a 10b5-1 plan No plan
$0$27.1M$54.3MNov 2025: $437.9K under a 10b5-1 planNovDec 2025: $44.9K under a 10b5-1 planDec 2025: $54.2M without a planDecJanFebMarAprMayJun 2026: $65.0K under a 10b5-1 planJunJulAugSep 2026: $54.4K without a planSepOct
Largest proposed sellers
  • RA Capital Healthcare Fund LP 10% stockholder $54.2M
  • Robert J Gould Director 10b5-1 $438K

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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, FY2020–FY2025
+149.9%
+20.10% a year
Each share's claim on the business
−60.0%
shrank without buying or selling a share
Spent on buybacks vs paid in stock
— vs $73.6M
over 6 fiscal years
Diluted shares, split-adjusted
24.6K44.3K64.0K2020: 25.4K shares'202021: 35.4K shares'212022: 45.0K shares'222023: 61.3K shares'232024: 62.0K shares'242025: 63.4K shares'25
Buybacks Stock-based comp
$0$7.4M$14.8M2020 buybacks: $02020 stock comp: $7.4M'202021 buybacks: $02021 stock comp: $11.1M'212022 buybacks: $02022 stock comp: $13.4M'222023 buybacks: $02023 stock comp: $14.8M'232024 buybacks: $02024 stock comp: $14.6M'242025 buybacks: $02025 stock comp: $12.5M'25

How patient are the owners?

Institutional shares by how long they've been held
5+ years35% 3–5 years13% 1–3 years18% Under 1 year33%
Quarterly turnover
51.6%
of institutional shares changed hands
Top 10 managers, median time held
5 years

Super Investors

Investment managers reporting FULC on Form 13F
B
BlackRock, Inc.
Shares
8.8M
% of company
11.57%
Change vs last qtr
+3.4M (+63.7%)
Held since
≤2021
MC
Montanova Capital, LLC
Shares
3.7M
% of company
4.82%
Change vs last qtr
−2.9M (−43.9%)
Held since
≤2021

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Institutional Funds

Mutual funds and ETFs reporting FULC on Form N-PORT; together they hold 20.5% of the company
AL
abrdn Life Sciences Investors
abrdn Life Sciences Investors
Position value
$11.6M
% of company
1.99%
% of the fund
2.08%
As of
March 31, 2026
VT
Position value
$7.59M
% of company
2.72%
% 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
GR
Gould Robert J
Insider
Shares
454.9K
% of company
0.60%
Change vs last qtr
—
Held since
—
TG
Tourangeau Greg
Insider
Shares
14.1K
% of company
0.02%
Change vs last qtr
—
Held since
—

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