SQZ Biotechnologies (SQZB)

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)	12.50 mm	12.50 mm	12.50 mm	12.50 mm	12.50 mm	12.50 mm
Cash burn (monthly)	4.84 mm	6.17 mm	7.93 mm	6.10 mm	4.84 mm	6.19 mm
Cash used (since last report)	71.70 mm	91.43 mm	117.55 mm	90.38 mm	71.77 mm	91.78 mm
Cash remaining	-59.20 mm	-78.93 mm	-105.06 mm	-77.88 mm	-59.28 mm	-79.29 mm
Runway (months of cash)	-12.2	-12.8	-13.2	-12.8	-12.2	-12.8

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Financial data from company earnings reports.

Institutional ownership, Q2 2023

SQZB institutional ownership history Ownership history

62.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	33	35	-5.7%
Opened positions	4	4	–
Closed positions	6	8	-25.0%
Increased positions	1	4	-75.0%
Reduced positions	9	7	+28.6%

13F shares	Current	Prev Q	Change
Total value	2.56 bn	5.39 bn	-52.5%
Total shares	18.34 mm	18.64 mm	-1.6%
Total puts	0.00	500.00	EXIT
Total calls	0.00	15.00 k	EXIT
Total put/call ratio	–	0.0	–

Largest owners	Shares	Value	Change
Temasek	2.76 mm	$744.71 mm	0.0%
Management Co. VII, L.L.C. Polaris	2.73 mm	$24.36 mm	0.0%
AIG American International	2.52 mm	$679.64 mm	0.0%
Artal	1.61 mm	$434.00 k	0.0%
Artal International S.C.A.	1.61 mm	$0.00	0.0%
Invus Public Equities	1.61 mm	$46.55 mm	0.0%
NanoDimension II Management	1.45 mm	$0.00	0.0%
Maverick Capital	1.05 mm	$283.58 mm	-0.1%
Vanguard	941.09 k	$254.09 mm	-0.1%
SF Stifel Financial	851.52 k	$229.91 mm	-2.6%

Largest transactions	Shares	Bought/sold	Change
MS Morgan Stanley	17.14 k	-282.60 k	-94.3%
Millennium Management	80.94 k	+80.94 k	NEW
BLK BlackRock	64.68 k	-58.13 k	-47.3%
PRU Prudential Financial	40.20 k	+40.20 k	NEW
Two Sigma Securities	0.00	-36.07 k	EXIT
Susquehanna International	29.23 k	+29.23 k	NEW
SF Stifel Financial	851.52 k	-22.81 k	-2.6%
Laurion Capital Management	412.87 k	-18.54 k	-4.3%
Virtu Financial	0.00	-17.08 k	EXIT
GS The Goldman Sachs Group, Inc.	0.00	-14.88 k	EXIT

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.