Also trades as: 0UNL.L (LSE) · $vol 0M
NKTR Institutional Ownership
Nektar Therapeutics
1W: +2.2%
1M: -34.4%
3M: -47.1%
YTD: -13.8%
1Y: -41.1%
3Y: +362.4%
5Y: -84.7%
$37.97
+0.52 (+1.39%)
After Hours: $38.12 (+0.16, +0.41%)
Weekly Expected Move ±13.7%
$27
$32
$37
$42
$47
Credit Risk of going bust: higher than 66% of companies Debt: 11.2% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.56 (down 99%), Nektar Therapeutics would be worth roughly what it owes.
Total debt $135.9M against a stock market value of $1.07B.
Distance to default 3.71 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $51.4M (short-term plus half of long-term), stock volatility 79.9%; Altman Z'' -3.33. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $0.56 (down 99%), Nektar Therapeutics would be worth roughly what it owes.
Total debt $135.9M against a stock market value of $1.07B.
Distance to default 3.71 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $51.4M (short-term plus half of long-term), stock volatility 79.9%; Altman Z'' -3.33. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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Institutional Ownership — NKTR
287
Institutional Holders
+49 vs prior quarter
0.0%
Ownership
+0.00pp
$3B
Total Invested
78
New Positions
100
Increased
84
Reduced
43
Closed
0.64
Put/Call Ratio
Ownership Trends
Top Institutional Holders (307 total)
| # | Holder | Shares | Value | Change | Change % | Holding Period | Filing |
|---|---|---|---|---|---|---|---|
| 1 | FMR LLC | 5,067,920 | $190M | +764,732 | +17.8% | 5Q | SEC ↗ |
| 2 | Two Seas Capital LP | 3,092,234 | $116M | +1,133,056 | +57.8% | 3Q | SEC ↗ |
| 3 | BlackRock, Inc. | 2,941,851 | $110M | +2,249,201 | +324.7% | 5Q | SEC ↗ |
| 4 | BVF INC/IL | 2,391,075 | $90M | -168,520 | -6.6% | 4Q | SEC ↗ |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 1,496,849 | $56M | +299,794 | +25.0% | 2Q | SEC ↗ |
| 6 | TWO SIGMA INVESTMENTS, LP | 1,202,004 | $45M | +271,263 | +29.1% | 5Q | SEC ↗ |
| 7 | Vestal Point Capital, LP | 1,000,000 | $37M | +715,000 | +250.9% | 2Q | SEC ↗ |
| 8 | MORGAN STANLEY | 936,560 | $35M | +277,173 | +42.0% | 5Q | SEC ↗ |
| 9 | STATE STREET CORP | 909,679 | $34M | +664,952 | +271.7% | 5Q | SEC ↗ |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 881,306 | $33M | +534,511 | +154.1% | 5Q | SEC ↗ |
| 11 | Prosight Management, LP | 810,000 | $30M | +75,000 | +10.2% | 3Q | SEC ↗ |
| 12 | ARMISTICE CAPITAL, LLC | 724,000 | $27M | +146,000 | +25.3% | 5Q | SEC ↗ |
| 13 | GILDER GAGNON HOWE & CO LLC | 600,873 | $23M | +329,115 | +121.1% | 5Q | SEC ↗ |
| 14 | MILLENNIUM MANAGEMENT LLC | 478,120 | $18M | +73,843 | +18.3% | 5Q | SEC ↗ |
| 15 | BRAIDWELL LP | 473,617 | $18M | +250,916 | +112.7% | 2Q | SEC ↗ |
| 16 | Sofinnova Investments, Inc. | 471,763 | $18M | -37,783 | -7.4% | 4Q | SEC ↗ |
| 17 | Woodline Partners LP | 470,875 | $18M | +55,540 | +13.4% | 5Q | SEC ↗ |
| 18 | ORBIMED ADVISORS LLC | 465,346 | $17M | +190,346 | +69.2% | 2Q | SEC ↗ |
| 19 | UBS Group AG | 428,400 | $16M | +108,228 | +33.8% | 5Q | SEC ↗ |
| 20 | EMERALD ADVISERS, LLC | 390,158 | $15M | -4,446 | -1.1% | 4Q | SEC ↗ |
| 21 | LORD, ABBETT & CO. LLC | 381,624 | $14M | -23,456 | -5.8% | 2Q | SEC ↗ |
| 22 | VANGUARD PORTFOLIO MANAGEMENT LLC | 348,540 | $13M | +276,049 | +380.8% | 2Q | SEC ↗ |
| 23 | DAFNA Capital Management LLC | 318,380 | $12M | +153,202 | +92.7% | 5Q | SEC ↗ |
| 24 | NORTHERN TRUST CORP | 308,531 | $12M | +229,933 | +292.5% | 5Q | SEC ↗ |
| 25 | Deep Track Capital, LP NEW | 300,000 | $11M | — | +0.0% | 1Q | SEC ↗ |
| 26 | CHARLES SCHWAB INVESTMENT MANAGEMENT I | 284,971 | $11M | +116,964 | +69.6% | 5Q | SEC ↗ |
| 27 | Sixth Street Partners Management Compa NEW | 284,971 | $11M | — | +0.0% | 1Q | SEC ↗ |
| 28 | 22NW, LP | 281,115 | $11M | — | +0.0% | 5Q | SEC ↗ |
| 29 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 278,977 | $10M | +29,887 | +12.0% | 5Q | SEC ↗ |
| 30 | PRIMECAP MANAGEMENT CO/CA | 272,850 | $10M | -6,300 | -2.3% | 5Q | SEC ↗ |
| 31 | BARCLAYS PLC | 262,362 | $10M | +230,006 | +710.9% | 5Q | SEC ↗ |
| 32 | Nearwater Capital Markets, Ltd | 261,500 | $10M | — | +0.0% | 3Q | SEC ↗ |
| 33 | EMERALD MUTUAL FUND ADVISERS TRUST | 255,587 | $10M | -519 | -0.2% | 4Q | SEC ↗ |
| 34 | ADAR1 Capital Management, LLC | 244,184 | $9M | +82,932 | +51.4% | 5Q | SEC ↗ |
| 35 | Creek Drive Management Group LLC | 243,000 | $9M | +116,600 | +92.2% | 3Q | SEC ↗ |
| 36 | SEVEN GRAND MANAGERS, LLC | 240,000 | $9M | +115,000 | +92.0% | 2Q | SEC ↗ |
| 37 | DEUTSCHE BANK AG | 239,831 | $9M | +148,160 | +161.6% | 4Q | SEC ↗ |
| 38 | VANGUARD FIDUCIARY TRUST CO | 239,575 | $9M | +70,267 | +41.5% | 2Q | SEC ↗ |
| 39 | GOLDMAN SACHS GROUP INC | 228,490 | $9M | +101,548 | +80.0% | 5Q | SEC ↗ |
| 40 | NORGES BANK NEW | 215,300 | $8M | — | +0.0% | 1Q | SEC ↗ |
| 41 | Bronte Capital Management Pty Ltd. | 198,434 | $7M | +178 | +0.1% | 2Q | SEC ↗ |
| 42 | GREAT POINT PARTNERS LLC | 175,000 | $7M | -141,453 | -44.7% | 4Q | SEC ↗ |
| 43 | AMERIPRISE FINANCIAL INC | 165,941 | $6M | +29,211 | +21.4% | 2Q | SEC ↗ |
| 44 | CITADEL ADVISORS LLC | 159,747 | $6M | -353,784 | -68.9% | 4Q | SEC ↗ |
| 45 | Quinn Opportunity Partners LLC | 153,076 | $6M | -26,171 | -14.6% | 4Q | SEC ↗ |
| 46 | Rhenman & Partners Asset Management AB | 141,250 | $5M | +82,250 | +139.4% | 2Q | SEC ↗ |
| 47 | Qube Research & Technologies Ltd | 130,521 | $5M | -260,154 | -66.6% | 4Q | SEC ↗ |
| 48 | Soleus Capital Management, L.P. NEW | 128,362 | $5M | — | +0.0% | 1Q | SEC ↗ |
| 49 | Nationale-Nederlanden Powszechne Towar | 122,767 | $5M | +441 | +0.4% | 4Q | SEC ↗ |
| 50 | Stonepine Capital Management, LLC | 120,654 | $5M | +35,654 | +41.9% | 5Q | SEC ↗ |
Recent Activity
New Positions (20)
| Holder | Shares | Value |
|---|---|---|
| Deep Track Capital, LP | 300,000 | $11M |
| Sixth Street Partners Management Co | 284,971 | $11M |
| NORGES BANK | 215,300 | $8M |
| Soleus Capital Management, L.P. | 128,362 | $5M |
| APEIRON CAPITAL Ltd | 106,431 | $4M |
| Nuveen, LLC | 96,636 | $4M |
| Militia Capital Management LLC | 90,000 | $3M |
| READYSTATE ASSET MANAGEMENT LP | 85,110 | $3M |
| K2 PRINCIPAL FUND, L.P. | 50,465 | $2M |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIA | 44,600 | $2M |
| Anson Funds Management LP | 40,535 | $2M |
| Burkehill Global Management, LP | 40,000 | $1M |
| NOMURA HOLDINGS INC | 38,657 | $1M |
| Jefferies Financial Group Inc. | 38,165 | $1M |
| ALLIANCEBERNSTEIN L.P. | 36,000 | $1M |
| ALPS ADVISORS INC | 34,188 | $1M |
| Ghisallo Capital Management LLC | 32,000 | $1M |
| Blackstone Inc. | 28,678 | $1M |
| Ishara Investments LP | 26,650 | $998K |
| Empowered Funds, LLC | 23,441 | $878K |
Sold Out (20)
| Holder | Prev Shares | Prev Value |
|---|---|---|
| VOLORIDGE INVESTMENT MANAGEMENT, LL | 295,716 | $11M |
| Deeter Investments LLP | 239,300 | $9M |
| Patient Square Capital LP | 210,000 | $8M |
| STEMPOINT CAPITAL LP | 178,274 | $7M |
| Squadron Capital Management LLC | 125,000 | $5M |
| Nantahala Capital Management, LLC | 112,946 | $4M |
| Monashee Investment Management LLC | 100,000 | $4M |
| Propel Bio Management, LLC | 82,822 | $3M |
| HRT FINANCIAL LP | 70,667 | $3M |
| Aquatic Capital Management LLC | 57,014 | $2M |
| Alyeska Investment Group, L.P. | 50,000 | $2M |
| DARK FOREST CAPITAL MANAGEMENT LP | 42,277 | $2M |
| RENAISSANCE TECHNOLOGIES LLC | 41,781 | $2M |
| Jain Global LLC | 36,181 | $1M |
| Informed Momentum Co LLC | 36,126 | $1M |
| Balyasny Asset Management L.P. | 35,851 | $1M |
| Headlands Technologies LLC | 28,244 | $1M |
| Simplify Asset Management Inc. | 28,000 | $1M |
| Y-Intercept (Hong Kong) Ltd | 26,545 | $994K |
| Man Group plc | 19,446 | $728K |
Biggest Increases (20)
| Holder | Added | Change % | Total Shares |
|---|---|---|---|
| BlackRock, Inc. | +2,249,201 | +324.7% | 2,941,851 |
| Two Seas Capital LP | +1,133,056 | +57.8% | 3,092,234 |
| FMR LLC | +764,732 | +17.8% | 5,067,920 |
| Vestal Point Capital, LP | +715,000 | +250.9% | 1,000,000 |
| STATE STREET CORP | +664,952 | +271.7% | 909,679 |
| GEODE CAPITAL MANAGEMENT, LLC | +534,511 | +154.1% | 881,306 |
| GILDER GAGNON HOWE & CO LLC | +329,115 | +121.1% | 600,873 |
| VANGUARD CAPITAL MANAGEMENT LLC | +299,794 | +25.0% | 1,496,849 |
| MORGAN STANLEY | +277,173 | +42.0% | 936,560 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | +276,049 | +380.8% | 348,540 |
| TWO SIGMA INVESTMENTS, LP | +271,263 | +29.1% | 1,202,004 |
| BRAIDWELL LP | +250,916 | +112.7% | 473,617 |
| BARCLAYS PLC | +230,006 | +710.9% | 262,362 |
| NORTHERN TRUST CORP | +229,933 | +292.5% | 308,531 |
| ORBIMED ADVISORS LLC | +190,346 | +69.2% | 465,346 |
| DAFNA Capital Management LLC | +153,202 | +92.7% | 318,380 |
| DEUTSCHE BANK AG | +148,160 | +161.6% | 239,831 |
| ARMISTICE CAPITAL, LLC | +146,000 | +25.3% | 724,000 |
| CHARLES SCHWAB INVESTMENT MANAGEMEN | +116,964 | +69.6% | 284,971 |
| Creek Drive Management Group LLC | +116,600 | +92.2% | 243,000 |
Biggest Decreases (20)
| Holder | Reduced | Change % | Total Shares |
|---|---|---|---|
| Invesco Ltd. | -487,602 | -85.9% | 79,856 |
| CITADEL ADVISORS LLC | -353,784 | -68.9% | 159,747 |
| Qube Research & Technologies Ltd | -260,154 | -66.6% | 130,521 |
| JPMORGAN CHASE & CO | -217,964 | -90.8% | 22,138 |
| BVF INC/IL | -168,520 | -6.6% | 2,391,075 |
| GREAT POINT PARTNERS LLC | -141,453 | -44.7% | 175,000 |
| MARSHALL WACE, LLP | -137,288 | -97.7% | 3,300 |
| JANE STREET GROUP, LLC | -104,325 | -92.6% | 8,327 |
| BNP PARIBAS FINANCIAL MARKETS | -102,339 | -84.2% | 19,200 |
| Squarepoint Ops LLC | -101,578 | -94.6% | 5,807 |
| Connor, Clark & Lunn Investment Man | -61,848 | -62.6% | 36,897 |
| Sofinnova Investments, Inc. | -37,783 | -7.4% | 471,763 |
| Brevan Howard Capital Management LP | -26,556 | -54.8% | 21,918 |
| Quinn Opportunity Partners LLC | -26,171 | -14.6% | 153,076 |
| Moody Aldrich Partners LLC | -25,392 | -28.4% | 64,135 |
| Voleon Capital Management LP | -24,225 | -37.2% | 40,838 |
| LORD, ABBETT & CO. LLC | -23,456 | -5.8% | 381,624 |
| FRED ALGER MANAGEMENT, LLC | -19,499 | -36.7% | 33,673 |
| Russell Investments Group, Ltd. | -17,149 | -16.1% | 89,099 |
| Tetragon Partners GP Ltd | -16,041 | -15.6% | 86,996 |