Tectonic Therapeutic (TECX)

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)	159.68 mm	159.68 mm	159.68 mm	159.68 mm	159.68 mm	159.68 mm
Cash burn (monthly)	8.68 mm	(no burn)	6.55 mm	4.45 mm	6.53 mm	4.49 mm
Cash used (since last report)	34.97 mm	n/a	26.38 mm	17.93 mm	26.34 mm	18.11 mm
Cash remaining	124.71 mm	n/a	133.30 mm	141.75 mm	133.35 mm	141.57 mm
Runway (months of cash)	14.4	n/a	20.4	31.9	20.4	31.5

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

TECX institutional ownership history Ownership history

65.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	55	42	+31.0%
Opened positions	18	42	-57.1%
Closed positions	5	0	NEW
Increased positions	12	0	NEW
Reduced positions	10	0	NEW

13F shares	Current	Prev Q	Change
Total value	217.10 bn	86.17 bn	+151.9%
Total shares	9.59 mm	9.00 mm	+6.5%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
FMR	1.22 mm	$36.97 bn	+13.2%
Mcguire Terrance	1.07 mm	$1.50 mm	0.0%
Vida Ventures II	1.03 mm	$1.44 mm	0.0%
Vida Ventures Advisors	1.03 mm	$31.17 bn	NEW
EcoR1 Capital	849.14 k	$25.73 bn	0.0%
5AM Venture Management	646.52 k	$19.59 bn	0.0%
Farallon Capital Management	520.40 k	$15.77 bn	+20.7%
Vanguard	442.81 k	$13.42 bn	+182.5%
Atlas Venture Life Science Advisors	378.45 k	$11.47 bn	0.0%
Timothy A Springer	310.22 k	$8.80 mm	-80.0%

Largest transactions	Shares	Bought/sold	Change
Timothy A Springer	310.22 k	-1.24 mm	-80.0%
Vida Ventures Advisors	1.03 mm	+1.03 mm	NEW
Vanguard	442.81 k	+286.05 k	+182.5%
BML Capital Management	211.75 k	-254.30 k	-54.6%
ADAR1 Capital Management	127.16 k	-229.72 k	-64.4%
Ikarian Capital	267.15 k	+204.31 k	+325.1%
Balyasny Asset Management	180.47 k	+180.47 k	NEW
FMR	1.22 mm	+142.60 k	+13.2%
BlackRock	123.03 k	+123.03 k	NEW
Acadian Asset Management	9.40 k	-100.23 k	-91.4%

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

TECX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 Jan 25	Marc Schwabish	Common Stock	Option exercise	Acquire M	No	No	2.38	2,700	6.43 k	4,700
28 Jan 25	Marc Schwabish	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	2.38	2,700	6.43 k	86,514
9 Dec 24	Marc Schwabish	Common Stock	Option exercise	Acquire M	No	No	2.38	2,000	4.76 k	2,000
9 Dec 24	Marc Schwabish	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	2.38	2,000	4.76 k	89,214
4 Dec 24	Reicin Alise	Common Stock	Grant	Acquire A	No	No	0	11,717	0.00	178,297
4 Dec 24	Reicin Alise	Employee Stock Option Common Stock	Grant	Acquire A	No	No	51.28	6,000	307.68 k	6,000
3 Dec 24	Peter McNamara	Common Stock	Option exercise	Acquire M	No	No	2.38	3,500	8.33 k	14,188
3 Dec 24	Peter McNamara	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	2.38	3,500	8.33 k	34,459
22 Oct 24	Timothy A Springer	Common Stock	Buy	Acquire P	No	No	33.59	300,000	10.08 mm	4,096,764