BVF Partners FDMT Position
Active10-Fund ConvergenceBVF Partners held their position in 4D Molecular Therapeutics, Inc. (FDMT) in Q4 2025, holding $34.7M worth of shares across 4,629,289 shares.
The position was first reported in Q1 2023 and has been tracked across 12 quarterly 13F filings.
FDMT is a convergence signal: 10 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 2 readout for 4D-310 in 77 days (Jun 30, 2026), making the timing of BVF's position particularly relevant.
Short interest stands at 21.1% of float with 14.2 days to cover, indicating significant bearish positioning against BVF's long thesis.
About 4D Molecular Therapeutics, Inc.
4D Molecular Therapeutics, Inc., a clinical-stage gene therapy company, develops product candidates using its adeno-associated viruses vectors. It develops a portfolio of gene therapy product candidates focuses in three therapeutic areas: ophthalmology, cardiology, and pulmonology. The company has three product candidates that are in clinical trials: 4D-125 that is in a Phase 1/2 clinical trial for the treatment of X-linked retinitis pigmentosa; 4D-110 that is in a Phase 1/2 clinical trial for the treatment of choroideremia; and 4D-310, which is in a Phase 1/2 clinical trial for the treatment of Fabry disease. Its two IND candidates are 4D-150 for the treatment of wet age-related macular degeneration and 4D-710 for the treatment of cystic fibrosis lung disease. 4D Molecular Therapeutics, Inc. has research and collaboration arrangements with uniQure; CRF; Roche; and CFF. The company was founded in 2013 and is headquartered in Emeryville, California.4D Molecular Therapeutics, Inc., a clinical-stage gene therapy company, develops product candidates using its adeno-associated viruses vectors. It develops a portfolio of gene therapy product candidates focuses in three therapeutic areas: ophthalmology, cardiology, and pulmonology. The company has three product candidates that are in clinical trials: 4D-125 that is in a Phase 1/2 clinical trial for the treatment of X-linked retinitis pigmentosa; 4D-110 that is in a Phase 1/2 clinical trial for the treatment of choroideremia; and 4D-310, which is in a Phase 1/2 clinical trial for the treatment of Fabry disease. Its two IND candidates are 4D-150 for the treatment of wet age-related macular degeneration and 4D-710 for the treatment of cystic fibrosis lung disease. 4D Molecular Therapeutics, Inc. has research and collaboration arrangements with uniQure; CRF; Roche; and CFF. The company was founded in 2013 and is headquartered in Emeryville, California.
Full company profile →Short Interest
21.1%
14.2 days to cover
BVF Partners FDMT Position History
| Quarter | Action | Shares | Change | Value |
|---|---|---|---|---|
| Q4 2025 | Held | 4,629,289 | — | $34.7M |
| Q3 2025 | Held | 4,629,289 | — | $40.2M |
| Q2 2025 | Increased | 4,629,289 | +68,000 | $17.2M |
| Q1 2025 | Increased | 4,561,289 | +1,890,647 | $14.7M |
| Q4 2024 | Decreased | 2,670,642 | -4,712,000 | $14.9M |
| Q3 2024 | Increased | 7,382,642 | +3,460,229 | $79.8M |
| Q2 2024 | Held | 3,922,413 | — | $82.3M |
| Q1 2024 | Decreased | 3,922,413 | -85,000 | $125.0M |
| Q4 2023 | Held | 4,007,413 | — | $81.2M |
| Q3 2023 | Held | 4,007,413 | — | $51.0M |
| Q2 2023 | Held | 4,007,413 | — | $72.4M |
| Q1 2023 | New | 4,007,413 | +4,007,413 | $68.9M |
Frequently Asked Questions
Does BVF Partners own FDMT?
Yes. As of Q4 2025, BVF Partners holds 4,629,289 shares of 4D Molecular Therapeutics, Inc. (FDMT) valued at $34.7M. This data comes from their SEC 13F filing.
How many hedge funds own FDMT?
10 specialist biotech hedge funds currently hold FDMT, including RA Capital Management, Deep Track Capital, Redmile Group and 6 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did BVF Partners first buy FDMT?
BVF Partners's position in FDMT 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 BVF Partners's FDMT position increasing or decreasing?
BVF Partners held their FDMT position unchanged in the most recent quarter.
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