X4 Pharmaceuticals (XFOR)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	98.20 mm	98.20 mm	98.20 mm	98.20 mm	98.20 mm	98.20 mm
Cash burn (monthly)	16.60 mm	2.87 mm	12.23 mm	1.90 mm	11.34 mm	13.27 mm
Cash used (since last report)	66.76 mm	11.53 mm	49.18 mm	7.63 mm	45.63 mm	53.39 mm
Cash remaining	31.44 mm	86.67 mm	49.02 mm	90.57 mm	52.57 mm	44.81 mm
Runway (months of cash)	1.9	30.2	4.0	47.7	4.6	3.4

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

XFOR institutional ownership history Ownership history

84.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	105	105	–
Opened positions	13	19	-31.6%
Closed positions	13	17	-23.5%
Increased positions	34	34	–
Reduced positions	18	19	-5.3%

13F shares	Current	Prev Q	Change
Total value	66.59 bn	58.63 bn	+13.6%
Total shares	143.83 mm	144.76 mm	-0.6%
Total puts	50.60 k	71.70 k	-29.4%
Total calls	213.40 k	417.90 k	-48.9%
Total put/call ratio	0.2	0.2	+38.2%

Largest owners	Shares	Value	Change
Bain Capital Life Sciences Fund	16.92 mm	$0.00	0.0%
Bain Capital Life Sciences Investors	16.92 mm	$11.32 bn	0.0%
Growth Equity Opportunities 18 VGE	15.74 mm	$30.54 mm	0.0%
NEA Management	14.99 mm	$10.04 bn	0.0%
BlackRock	11.21 mm	$7.50 bn	NEW
Vanguard	8.44 mm	$5.65 bn	+1.8%
Orbimed Advisors	7.13 mm	$4.77 bn	0.0%
Kingdon Capital Management, L.L.C.	4.64 mm	$3.10 bn	+0.3%
Empery Asset Management	4.55 mm	$0.00	0.0%
Adage Capital Partners GP, L.L.C.	4.28 mm	$2.86 bn	0.0%

Largest transactions	Shares	Bought/sold	Change
BlackRock	11.21 mm	+11.21 mm	NEW
BLK BlackRock	0.00	-10.68 mm	EXIT
Soleus Capital Management	0.00	-4.05 mm	EXIT
Fire Capital SE Pale	1.60 mm	+1.43 mm	+805.4%
Sio Capital Management	1.30 mm	-1.20 mm	-47.9%
Velan Capital Investment Management	0.00	-659.02 k	EXIT
Schonfeld Strategic Advisors	1.92 mm	+651.11 k	+51.3%
Gsa Capital Partners	507.69 k	+507.69 k	NEW
K2 Principal Fund	89.16 k	-400.00 k	-81.8%
Ubs Oconnor	1.55 mm	+388.84 k	+33.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

XFOR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Jan 25	Mary DiBiase	Common Stock	Sell	Dispose S	No	Yes	0.4535	22,258	10.09 k	490,980
24 Jan 25	Ragan Paula	Common Stock	Sell	Dispose S	No	Yes	0.454	76,473	34.72 k	1,087,386
24 Jan 25	Mostafa Adam S.	Common Stock	Sell	Dispose S	No	Yes	0.454	74,773	33.95 k	0
24 Jan 25	Mark Baldry	Common Stock	Sell	Dispose S	No	Yes	0.4541	29,159	13.24 k	94,123
24 Jan 25	Arbet-Engels Christophe	Common Stock	Sell	Dispose S	No	Yes	0.4546	11,624	5.28 k	14,207
23 Jan 25	Mary DiBiase	Common Stock	Grant	Acquire A	No	No	0	61,178	0.00	513,238
23 Jan 25	Ragan Paula	Common Stock	Grant	Acquire A	No	No	0	169,940	0.00	1,163,859
23 Jan 25	Mostafa Adam S.	Common Stock	Grant	Acquire A	No	No	0	74,773	0.00	74,773
23 Jan 25	Mark Baldry	Common Stock	Grant	Acquire A	No	No	0	74,773	0.00	123,282
23 Jan 25	Arbet-Engels Christophe	Common Stock	Grant	Acquire A	No	No	0	25,831	0.00	25,831