Commodore Capital RLAY Position
Active14-Fund ConvergenceCommodore Capital held their position in Relay Therapeutics Inc. (RLAY) in Q4 2025, holding $143.8M worth of shares across 17,000,000 shares.
The position was first reported in Q2 2025 and has been tracked across 3 quarterly 13F filings.
RLAY is a convergence signal: 14 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 3 readout for RLY-2608 in 745 days (Apr 30, 2028), making the timing of Commodore's position particularly relevant.
Short interest stands at 13.4% of float with 7.6 days to cover, indicating significant bearish positioning against Commodore's long thesis.
About Relay Therapeutics Inc.
Relay Therapeutics, Inc. operates as a clinical-stage precision medicines company. It engages in transforming the drug discovery process with an initial focus on enhancing small molecule therapeutic discovery in targeted oncology and genetic disease indications. The company's lead product candidates include RLY-4008, an oral small molecule inhibitor of fibroblast growth factor receptor 2 (FGFR2), which is in a first-in-human clinical trial for patients with advanced or metastatic FGFR2-altered solid tumors; RLY-2608, a lead mutant-PI3Ka inhibitor program that targets phosphoinostide 3 kinase alpha; and RLY-1971, an oral small molecule inhibitor of protein tyrosine phosphatase Src homology region 2 domain-containing phosphatase-2 that is in Phase 1 trial in patients with advanced solid tumors. It has collaboration and license agreements with D. E. Shaw Research, LLC to research certain biological targets through the use of D. E. Shaw Research computational modeling capabilities focused on analysis of protein motion to develop and commercialize compounds and products directed to such targets; and Genentech, Inc. for the development and commercialization of RLY-1971. The company was formerly known as Allostery, Inc. and changed its name to Relay Therapeutics, Inc. in December 2015. Relay Therapeutics, Inc. was incorporated in 2015 and is headquartered in Cambridge, Massachusetts.
Full company profile →Short Interest
13.4%
7.6 days to cover
Commodore Capital RLAY Position History
Frequently Asked Questions
Does Commodore Capital own RLAY?
Yes. As of Q4 2025, Commodore Capital holds 17,000,000 shares of Relay Therapeutics Inc. (RLAY) valued at $143.8M. This data comes from their SEC 13F filing.
How many hedge funds own RLAY?
14 specialist biotech hedge funds currently hold RLAY, including Foresite Capital, Casdin Capital, Boxer Capital and 10 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Commodore Capital first buy RLAY?
Commodore Capital's position in RLAY was first reported in Q2 2025. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Commodore Capital's RLAY position increasing or decreasing?
Commodore Capital held their RLAY position unchanged in the most recent quarter.
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