Kezar Life Sciences, Inc. (KZR) — Institutional Holders, Q1 2026

42 institutional investment managers reported a KZR position on SEC Form 13F-HR for the quarter ended March 31, 2026, with a combined reported value of $32.8M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

KZR in Q1 2026: what funds did

Funds that filed a 13F for both Q4 2025 and Q1 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

9

Added to

8

Trimmed

10

Sold out

10

Biggest buyers

  1. Rangeley CapitalAdded · +157,147 sh+$1.2M
  2. MILLENNIUM MANAGEMENTNew · +142,050 sh+$1.1M
  3. Groupe la FrancaiseNew · +80,400 sh+$596.6K
  4. CITADEL ADVISORSNew · +59,403 sh+$440.8K
  5. RENAISSANCE TECHNOLOGIESAdded · +57,141 sh+$424.0K

Biggest sellers

  1. Nantahala Capital ManagementSold out · -276,754 sh-$2.1M
  2. Stonepine Capital ManagementSold out · -156,179 sh-$1.2M
  3. ADAR1 Capital ManagementTrimmed · -152,947 sh-$1.1M
  4. PRELUDE CAPITAL MANAGEMENTSold out · -52,929 sh-$392.7K
  5. BRIDGEWAY CAPITAL MANAGEMENTSold out · -51,638 sh-$383.2K

KZR 13F holders ranked 1–42 of 42

Institutional investors reporting a position in Kezar Life Sciences, Inc. on SEC Form 13F-HR for Q1 2026, ranked by reported value.
InstitutionValueQoQ
BML Capital Management#1 · 720,787 sh$5.3M0.0%
SUVRETTA CAPITAL MANAGEMENT#2 · 716,759 sh$5.3M0.0%
TANG CAPITAL MANAGEMENT#3 · 664,314 sh$4.9M0.0%
VANGUARD CAPITAL MANAGEMENT#4 · 290,529 sh$2.2M—
Rangeley Capital#5 · 243,073 sh$1.8M+182.9%
Affinity Asset Advisors#6 · 229,076 sh$1.7M0.0%
RENAISSANCE TECHNOLOGIES#7 · 188,426 sh$1.4M+43.5%
ACADIAN ASSET MANAGEMENT#8 · 151,630 sh$1.1M+20.9%
MILLENNIUM MANAGEMENT#9 · 142,050 sh$1.1MNew
Peapod Lane Capital#10 · 126,692 sh$924.5K0.0%
Ikarian Capital#11 · 102,211 sh$758.4K0.0%
BlackRock#12 · 100,064 sh$742.5K+1.4%
ADAR1 Capital Management#13 · 81,933 sh$607.9K-65.1%
Groupe la Francaise#14 · 80,400 sh$596.6KNew
Aldebaran Capital#15 · 80,335 sh$596.1K-0.4%
GEODE CAPITAL MANAGEMENT#16 · 60,988 sh$452.6K-10.5%
CITADEL ADVISORS#17 · 59,403 sh$440.8KNew
CREDIT INDUSTRIEL ET COMMERCIAL#18 · 53,600 sh$397.7KNew
TORNO CAPITAL#19 · 48,479 sh$359.7K+142.4%
VANGUARD FIDUCIARY#20 · 41,201 sh$305.7K—
DIMENSIONAL FUND ADVISORS#21 · 30,334 sh$225.1K+14.3%
RBF Capital#22 · 28,144 sh$208.8K-50.0%
STATE STREET#23 · 27,093 sh$201.0K0.0%
Yakira Capital Management#24 · 24,000 sh$178.1KNew
Vazirani Asset Management#25 · 22,000 sh$163.2K-54.6%
JANE STREET GROUP#26 · 21,367 sh$158.5KNew
EQUITEC PROPRIETARY MARKETS#27 · 19,500 sh$144.7KNew
XTX Topco Ltd#28 · 19,495 sh$144.7KNew
BOOTHBAY FUND MANAGEMENT#29 · 16,210 sh$120.3K0.0%
NORTHERN#30 · 13,763 sh$102.1K0.0%
FMR#31 · 10,208 sh$75.7K+4807.7%
WELLS FARGO & COMPANY#32 · 5,796 sh$43.0K-0.7%
MORGAN STANLEY#33 · 4,285 sh$31.8K-24.6%
Vanguard Global Advisers#34 · 1,737 sh$12.9K—
Caitong International Asset Management , Ltd#35 · 308 sh$2.3KNew
ROYAL BANK OF CANADA#36 · 322 sh$2.0K+187.5%
Tower Research Capital (TRC)#37 · 262 sh$1.9K-53.5%
JPMORGAN CHASE#38 · 109 sh$812.000.0%
BNP PARIBAS FINANCIAL MARKETS#39 · 89 sh$660.000.0%
Allworth Financial#40 · 50 sh$371.000.0%
UBS Group AG#41 · 13 sh$96.00-67.5%
BARCLAYS PLC#42 · 1 sh$7.000.0%

Funds that sold out of KZR in Q1 2026 (10)

Held KZR at the end of Q4 2025 and filed a Q1 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held KZR in Q4 2025 and reported no position in Q1 2026.
InstitutionValue in Q4 2025
Nantahala Capital Management276,754 sh$1.7M
Stonepine Capital Management156,179 sh$982.4K
PRELUDE CAPITAL MANAGEMENT52,929 sh$332.9K
BRIDGEWAY CAPITAL MANAGEMENT51,638 sh$324.8K
FNY Investment Advisers50,000 sh$314.0K
Shay Capital33,699 sh$212.0K
NANO CAP NEW MILLENNIUM GROWTH FUND L P25,000 sh$157.3K
TWO SIGMA INVESTMENTS11,312 sh$71.2K
OSAIC94 sh$591.00
BANK OF AMERICA16 sh$101.00

Source: Form 13F-HR filings on SEC EDGAR, Q1 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q4 2025 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.