Baker Bros. Advisors KOD Position
Active7-Fund ConvergenceBaker Bros. Advisors increased their position in Kodiak Sciences Inc. (KOD) in Q4 2025, holding $556.9M worth of shares across 19,919,186 shares.
The position was first reported in Q1 2023 and has been tracked across 12 quarterly 13F filings.
KOD is a convergence signal: 7 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 3 readout for Tarcocimab tedromer in 139 days (Aug 31, 2026), making the timing of Baker Bros.'s position particularly relevant.
Short interest stands at 17.3% of float with 11.6 days to cover, indicating significant bearish positioning against Baker Bros.'s long thesis.
About Kodiak Sciences Inc.
Kodiak Sciences Inc., a clinical stage biopharmaceutical company, researches, develops, and commercializes therapeutics to treat retinal diseases. Its lead product candidate is KSI-301, an anti-vascular endothelial growth factor antibody biopolymer that is in Phase IIb/III clinical study to treat wet age-related macular degeneration (AMD), as well as for the treatment of diabetic macular edema, naïve macular edema due to retinal vein occlusion, and non-proliferative diabetic retinopathy. The company's preclinical stage product candidate includes KSI-501, a bispecific conjugate to treat retinal diseases with an inflammatory component; and KSI-601, a triplet inhibitor for the treatment of dry AMD. The company was formerly known as Oligasis, LLC and changed its name to Kodiak Sciences Inc. in September 2015. Kodiak Sciences Inc. was incorporated in 2009 and is based in Palo Alto, California.
Full company profile →Short Interest
17.3%
11.6 days to cover
Baker Bros. Advisors KOD Position History
| Quarter | Action | Shares | Change | Value |
|---|---|---|---|---|
| Q4 2025 | Increased | 19,919,186 | +2,608,696 | $556.9M |
| Q3 2025 | Held | 17,310,490 | — | $283.4M |
| Q2 2025 | Held | 17,310,490 | — | $64.6M |
| Q1 2025 | Held | 17,310,490 | — | $48.6M |
| Q4 2024 | Held | 17,310,490 | — | $172.2M |
| Q3 2024 | Held | 17,310,490 | — | $45.2M |
| Q2 2024 | Held | 17,310,490 | — | $40.7M |
| Q1 2024 | Held | 17,310,490 | — | $91.1M |
| Q4 2023 | Held | 17,310,490 | — | $52.6M |
| Q3 2023 | Held | 17,310,490 | — | $31.2M |
| Q2 2023 | Held | 17,310,490 | — | $119.4M |
| Q1 2023 | New | 17,310,490 | +17,310,490 | $107.3M |
Frequently Asked Questions
Does Baker Bros. Advisors own KOD?
Yes. As of Q4 2025, Baker Bros. Advisors holds 19,919,186 shares of Kodiak Sciences Inc. (KOD) valued at $556.9M. This data comes from their SEC 13F filing.
How many hedge funds own KOD?
7 specialist biotech hedge funds currently hold KOD, including RTW Investments, Perceptive Advisors, Driehaus Capital and 3 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Baker Bros. Advisors first buy KOD?
Baker Bros. Advisors's position in KOD was first reported in Q1 2023. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Baker Bros. Advisors's KOD position increasing or decreasing?
Baker Bros. Advisors increased their KOD position in the most recent quarter, adding 2,608,696 shares.
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