As of November 6, 2026, 2 holders' latest Schedule 13D or 13G filings report owning 5% or more of Septerna, Inc. The largest reported stake is RA Capital Management, L.P.'s, at 11.8%. 3 filings are on record since February 17, 2026 (Schedule 13D/A, August 14, 2026).
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Key facts
- · Reporting person: RA Capital Management, L.P. · Sole voting: 0 · Shared voting: 5,525,324 · Sole dispositive: 0 · Shared dispositive: 5,525,324 · SCHEDULE 13D/A, 2026-08-14
- · Reporting person: Driehaus Capital Management LLC · Sole voting: 0 · Shared voting: 4,433,058 · Sole dispositive: 0 · Shared dispositive: 4,433,058 · SCHEDULE 13G/A, 2026-08-14
- · Reporting person: Biotechnology Value Fund L P · Sole voting: 0 · Shared voting: 919,814 · Sole dispositive: 0 · Shared dispositive: 919,814 · SCHEDULE 13G/A, 2026-02-17
Septerna, Inc. has 3 Schedule 13D or 13G filings on record since 2026-02-17. 2 holders' latest filing reports 5% or more of common stock, par value $0.001 per share. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| RA Capital Management, L.P. | 11.8% | 5,525,324 | SCHEDULE 13D/A, 2026-08-14 | 2026-08-12 |
| Driehaus Capital Management LLC | 9.83% | 4,433,058 | SCHEDULE 13G/A, 2026-08-14 | 2026-06-30 |
| Bvf Partners L P | 3.8% | 1,720,782 | SCHEDULE 13G/A, 2026-02-17 | 2025-12-31 |
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More on Septerna, Inc. and the records around it.
Septerna, Inc. elsewhere on the record
- IPO filing Oct 2024
- Who owns it
Companies that share a holder
- DRIEHAUS CAPITAL MANAGEMENT LLC also filed stake reports on 16 other companies: Cardinal Infrastructure Group Inc. (Aug 2026), Cue Biopharma, Inc. (Aug 2026), Definium Therapeutics, Inc. (Aug 2026)
- BIOTECHNOLOGY VALUE FUND L P also filed stake reports on 55 other companies: Frazier Life Sciences Acquisition Corp. II (Oct 2026), Olema Pharmaceuticals, Inc. (Oct 2026), Foghorn Therapeutics Inc. (Oct 2026)
- RA Capital Management, L.P. also filed stake reports on 100 other companies: Climb Bio, Inc. (Nov 2026), Bambusa Therapeutics, Inc. (Nov 2026), SOLID BIOSCIENCES INC. (Nov 2026)
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What the Full Report on Septerna, Inc. covers
The Short Answer
Which Company This Is
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| RA Capital Management, L.P. | 0 | 5,525,324 | 0 | 5,525,324 | SCHEDULE 13D/A, 2026-08-14 |
| Peter Kolchinsky | 0 | 5,525,324 | 0 | 5,525,324 | SCHEDULE 13D/A, 2026-08-14 |
| Rajeev Shah | 0 | 5,525,324 | 0 | 5,525,324 | SCHEDULE 13D/A, 2026-08-14 |
| RA Capital Healthcare Fund, L.P. | 0 | 4,777,415 | 0 | 4,777,415 | SCHEDULE 13D/A, 2026-08-14 |
| Driehaus Capital Management LLC | 0 | 4,433,058 | 0 | 4,433,058 | SCHEDULE 13G/A, 2026-08-14 |
| Biotechnology Value Fund L P | 0 | 919,814 | 0 | 919,814 | SCHEDULE 13G/A, 2026-02-17 |
| Bvf I Gp LLC | 0 | 919,814 | 0 | 919,814 | SCHEDULE 13G/A, 2026-02-17 |
| Biotechnology Value Fund Ii LP | 0 | 671,492 | 0 | 671,492 | SCHEDULE 13G/A, 2026-02-17 |
| Bvf Ii Gp LLC | 0 | 671,492 | 0 | 671,492 | SCHEDULE 13G/A, 2026-02-17 |
| Biotechnology Value Trading Fund OS LP | 0 | 104,119 | 0 | 104,119 | SCHEDULE 13G/A, 2026-02-17 |
| BVF Partners OS Ltd. | 0 | 104,119 | 0 | 104,119 | SCHEDULE 13G/A, 2026-02-17 |
| Bvf Gp Holdings LLC | 0 | 1,591,306 | 0 | 1,591,306 | SCHEDULE 13G/A, 2026-02-17 |
| Bvf Partners L P | 0 | 1,720,782 | 0 | 1,720,782 | SCHEDULE 13G/A, 2026-02-17 |
| Bvf Inc | 0 | 1,720,782 | 0 | 1,720,782 | SCHEDULE 13G/A, 2026-02-17 |
| Lampert Mark N | 0 | 1,720,782 | 0 | 1,720,782 | SCHEDULE 13G/A, 2026-02-17 |
The latest filing identifies Septerna, Inc. by CUSIP 81734D104 and gives its principal executive office as 250 East Grand Avenue, South San Francisco, CA 94080 (SCHEDULE 13D/A, 2026-08-14).
What the percentages are based on
The following percentages are based on 44,774,192 Shares outstanding as of November 4, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 10, 2025.Bvf Partners L P, SCHEDULE 13G/A, 2026-02-17
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2026-02-17 | Bvf Partners L P | 3.8% | SCHEDULE 13G/A |
| 2026-08-14 | Driehaus Capital Management LLC | 9.83% | SCHEDULE 13G/A |
| 2026-08-14 | RA Capital Management, L.P. | 11.8% | SCHEDULE 13D/A |
Questions about who owns Septerna, Inc.
Who owns Septerna, Inc.?
On this page, 2 holders' latest ownership filings report 5% or more of Septerna, Inc.: RA Capital Management, L.P. (11.8%, Schedule 13D/A, filed 2026-08-14) and Driehaus Capital Management LLC (9.83%, Schedule 13G/A, filed 2026-08-14).
Who are the largest shareholders of Septerna, Inc.?
By the share each holder's latest filing reports, the largest holders of Septerna, Inc. on this page are RA Capital Management, L.P. (11.8%) and Driehaus Capital Management LLC (9.83%).
When did RA Capital Management, L.P. buy into Septerna, Inc.?
The filings give report dates, not purchase dates. The earliest filing from RA Capital Management, L.P. on this page is the Schedule 13D/A, filed 2026-08-14, reporting 11.8%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 3 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
Also on the record for Septerna, Inc.
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| October 25, 2024 | IPO filing, Form 424B4 | $18 a share | IPO filings | Source |
| October 24, 2024 | IPO filing, Form S-1/A | — | IPO filings | Source |
| October 21, 2024 | IPO filing, Form S-1/A | — | IPO filings | Source |
| October 2, 2024 | IPO filing, Form S-1 | — | IPO filings | Source |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.
