13FPulse
MD

MDGL MADRIGAL PHARMACEUTICALS INC

2026Q2 · CUSIP 558868105 · Sector: Healthcare & Biotech

Piling in

Net holder growth ranks near the top of the market

Funds that own it
402
Institutions that reported holding it to the SEC
Net increase in holders
+26
Last quarter 376 → now 402
How unusual is that
Top 20%
Stronger buying than 87% of US stocks
What the filings say, in one paragraph

402 funds held MDGL at the end of 2026Q2, up 26 from the quarter before. That is stronger buying than 87.4% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $1.3B(YoY +149.0%), return on equity is -62.1%. MDGL has had 13 buying rushes in its history, and the price moved +18.0% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Healthcare & Biotech sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2016Q3: holders=31 2016Q4: holders=31 2017Q1: holders=31 2017Q2: holders=42 2017Q3: holders=52 2017Q4: holders=92 2018Q1: holders=101 2018Q2: holders=150 2018Q3: holders=153 2018Q4: holders=134 2019Q1: holders=134 2019Q2: holders=114 2019Q3: holders=111 2019Q4: holders=118 2020Q1: holders=107 2020Q2: holders=124 2020Q3: holders=123 2020Q4: holders=131 2021Q1: holders=137 2021Q2: holders=150 2021Q3: holders=133 2021Q4: holders=143 2022Q1: holders=138 2022Q2: holders=135 2022Q3: holders=134 2022Q4: holders=189 2023Q1: holders=222 2023Q2: holders=208 2023Q3: holders=204 2023Q4: holders=226 2024Q1: holders=266 2024Q2: holders=257 2024Q3: holders=256 2024Q4: holders=284 2025Q1: holders=319 2025Q2: holders=304 2025Q3: holders=352 2025Q4: holders=387 2026Q1: holders=376 2026Q2: holders=402 -55 -27.5 +0 +27.5 +55 27225423 16Q317Q419Q120Q221Q322Q424Q125Q226Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 13 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20%
2025Q4 Top 20% +22.2% +17.5%
2025Q3 Top 5% +7.3% -21.1%
2025Q1 Top 5% +2.8% +30.6%
2024Q4 Top 20% -3.9% -13.7%
2024Q1 Top 10% +23.5% +16.7%
2023Q1 Top 5% -18.8% -37.4%
2022Q4 Top 10% -15.6% -6.3%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
204
Change in large funds
+19
Total value they hold
$12.6B
Funds buying for the first time
80
Funds that sold out entirely
54
Price change that quarter
+3.2%
Funds holding puts (bearish)
10
Funds holding calls (bullish)
13

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
EPS (TTM)
$-13.98
EPS YoY
Revenue (TTM)
$1.3B
Revenue YoY
+149.0%
Net margin
-25.3%
ROE
-62.1%
Debt ratio
57.9%
FCF (TTM)
-$206M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-09-30: EPS -4.75 2022-12-31: EPS -4.98 2023-03-31: EPS -4.23 2023-06-30: EPS -4.69 2023-09-30: EPS -5.34 2023-12-31: EPS -5.68 2024-03-31: EPS -7.38 2024-06-30: EPS -7.10 2024-09-30: EPS -4.92 2024-12-31: EPS -2.50 2025-03-31: EPS -2.61 2025-06-30: EPS -1.50 2025-09-30: EPS -4.01 2025-12-31: EPS -4.73 2026-03-31: EPS -3.25 2026-06-30: EPS -1.99 0M 182M 364M $M -8.12 -4.06 0.00 20182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

Quarterly free cash flow
-171M-46M79M 20162017201820192020202120222023202420252026
Latest quarter $-171M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.