DaveManuel.com · Institutional Ownership · Who Owns It
ARCUTIS BIOTHERAPEUTICS INC (ARQT)
Institutional ownership reported to the SEC as of Q2 2026, across 27 quarters.
274
Reporting holders
$3.5B
Reported value
104.6%
Of shares outstanding
0.5%
Calls
0.0%
Puts
+2
Holder change
Institutions report 131,433,541 shares against 125,691,961 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. Over 100% because an adviser and a sub-adviser can both report the same shares, and both are counted.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| MONTANOVA CAPITAL, LLC | $326.1M | 12,437,000 | 5.96% | 14q | +0.9%+$2.9M |
| BlackRock, Inc. | $276.5M | 10,545,466 | 0.00% | 8q | +14.6%+$35.3M |
| Frazier Life Sciences Management, L.P. | $258.9M | 9,874,511 | 5.64% | 18q | HELD |
| Rubric Capital Management LP | $216.9M | 8,271,577 | 1.99% | 17q | HELD |
| Polar Capital Holdings Plc | $173.2M | 6,606,945 | 0.41% | 23q | +16.6%+$24.6M |
| STATE STREET CORP | $152.7M | 5,822,840 | 0.00% | 26q | -7.5%-$12.4M |
| VANGUARD CAPITAL MANAGEMENT LLC | $130.8M | 4,988,756 | 0.00% | 2q | +2.4%+$3.1M |
| MORGAN STANLEY | $116.7M | 4,451,014 | 0.01% | 26q | +5.5%+$6.1M |
| JENNISON ASSOCIATES LLC | $110.6M | 4,219,058 | 0.07% | 17q | -15.3%-$20.0M |
| D. E. Shaw & Co., Inc. | $103.6M | 3,949,609 | 0.05% | 10q | +58.2%+$38.1M |
| UBS Group AG | $87.4M | 3,333,015 | 0.01% | 22q | HELD |
| BANK OF AMERICA CORP /DE/ | $78.3M | 2,987,431 | 0.01% | 26q | +34.5%+$20.1M |
| GEODE CAPITAL MANAGEMENT, LLC | $78.2M | 2,982,446 | 0.00% | 26q | -2.1%-$1.6M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $63.7M | 2,429,005 | 0.00% | 2q | +24.3%+$12.4M |
| ORBIMED ADVISORS LLC | $53.5M | 2,042,000 | 0.99% | new | NEW |
| FRANKLIN RESOURCES INC | $50.6M | 1,930,982 | 0.01% | 22q | -16.0%-$9.6M |
| AMERICAN CENTURY COMPANIES INC | $50.5M | 1,925,031 | 0.02% | 23q | +31.6%+$12.1M |
| GOLDMAN SACHS GROUP INC | $43.7M | 1,668,367 | 0.00% | 26q | +4.1%+$1.7M |
| Jupiter Topco LLC | $37.0M | 1,410,435 | 0.02% | new | FIRST |
| OBERWEIS ASSET MANAGEMENT INC/ | $36.0M | 1,372,941 | 0.74% | 3q | +0.5%+$183.5K |
| GILDER GAGNON HOWE & CO LLC | $34.4M | 1,313,211 | 0.36% | 10q | -69.5%-$78.4M |
| GW&K Investment Management, LLC | $33.8M | 1,288,018 | 0.26% | 18q | +30.3%+$7.9M |
| CITADEL ADVISORS LLC | $33.3M incl. $2.8M options CALL+PUT | 1,160,014 | 0.00% | 26q | +7333.1%+$32.8M |
| Pivotal bioVenture Partners Investment Advisor LLC | $33.2M | 1,265,283 | 10.78% | 23q | -6.7%-$2.4M |
| BAMCO INC /NY/ | $32.9M | 1,253,120 | 0.05% | 3q | +16.9%+$4.7M |
| FEDERATED HERMES, INC. | $29.5M | 1,124,629 | 0.04% | 15q | +4.4%+$1.2M |
| Perpetual Ltd | $29.1M | 1,109,657 | 0.42% | 6q | +22.0%+$5.2M |
| Aberdeen Group plc | $28.8M | 1,098,411 | 0.04% | 11q | +70.3%+$11.9M |
| Jones Hill Capital LP | $28.6M | 1,089,701 | 6.07% | new | NEW |
| NORTHERN TRUST CORP | $27.8M | 1,058,575 | 0.00% | 26q | +8.4%+$2.2M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $27.6M | 1,050,934 | 0.00% | 26q | +3.8%+$1.0M |
| Ensign Peak Advisors, Inc | $25.6M | 974,534 | 0.04% | 26q | -21.7%-$7.1M |
| Candriam S.C.A. | $24.9M | 949,839 | 0.11% | 9q | -12.6%-$3.6M |
| Driehaus Capital Management LLC | $23.0M | 878,426 | 0.13% | 7q | -60.5%-$35.3M |
| Nuveen, LLC | $21.9M | 834,261 | 0.01% | 6q | -7.5%-$1.8M |
| VANGUARD FIDUCIARY TRUST CO | $21.4M | 815,138 | 0.00% | 2q | +5.6%+$1.1M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $21.3M | 811,752 | 0.02% | 24q | +61.1%+$8.1M |
| TWO SIGMA INVESTMENTS, LP | $17.4M | 663,877 | 0.01% | 11q | +183.3%+$11.3M |
| FISHMAN JAY A LTD/MI | $15.6M | 595,005 | 1.24% | 17q | +5.0%+$741.4K |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $15.0M incl. $9.2M options CALL+PUT | 219,815 | 0.00% | 25q | +96.0%+$7.3M |
| MILLENNIUM MANAGEMENT LLC | $14.8M | 564,072 | 0.01% | 13q | +1043.4%+$13.5M |
| BNP PARIBAS FINANCIAL MARKETS | $14.3M | 547,278 | 0.00% | 7q | -32.6%-$6.9M |
| Squarepoint Ops LLC | $14.1M | 537,747 | 0.02% | 8q | -51.3%-$14.8M |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC | $13.1M | 500,000 | 0.06% | 2q | HELD |
| Nearwater Capital Markets, Ltd | $12.8M | 486,700 | 0.22% | 3q | -19.9%-$3.2M |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $12.2M | 466,000 | 0.02% | 2q | +27.3%+$2.6M |
| MARSHALL WACE, LLP | $11.7M | 446,866 | 0.01% | 4q | -81.6%-$52.0M |
| Privium Fund Management B.V. | $10.5M | 399,367 | 1.92% | 7q | +24.4%+$2.1M |
| NORGES BANK | $10.3M | 392,300 | 0.00% | 22q | +124.4%+$5.7M |
| DEUTSCHE BANK AG\ | $10.0M | 382,682 | 0.00% | 26q | -1.8%-$187.9K |
| Patient Square Capital LP | $9.7M | 370,000 | 1.50% | 3q | -7.6%-$803.5K |
| Point72 Asset Management, L.P. | $9.5M | 362,449 | 0.01% | 3q | -38.7%-$6.0M |
| Qube Research & Technologies Ltd | $9.5M | 361,662 | 0.01% | 6q | -50.1%-$9.5M |
| Longaeva Partners L.P. | $9.0M | 344,796 | 0.20% | new | NEW |
| AQR CAPITAL MANAGEMENT LLC | $8.7M | 330,324 | 0.00% | 11q | -29.5%-$3.6M |
| Bank of New York Mellon Corp | $8.7M | 330,094 | 0.00% | 26q | +8.0%+$644.0K |
| FMR LLC | $8.0M | 305,969 | 0.00% | 26q | +9.8%+$714.0K |
| AMERIPRISE FINANCIAL INC | $7.8M | 295,997 | 0.00% | 11q | +191.1%+$5.1M |
| PEREGRINE CAPITAL MANAGEMENT LLC | $7.6M | 291,447 | 0.25% | 2q | -4.8%-$388.7K |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $7.5M | 284,789 | 0.01% | 3q | -55.2%-$9.2M |
| FIRST TRUST ADVISORS LP | $7.4M | 284,065 | 0.00% | 7q | -19.1%-$1.8M |
| Invesco Ltd. | $6.9M | 264,907 | 0.00% | 21q | +89.4%+$3.3M |
| Walleye Capital LLC | $6.9M incl. $36.7K options CALL | 260,033 | 0.02% | 6q | +415.3%+$5.5M |
| Balyasny Asset Management L.P. | $6.4M | 243,119 | 0.01% | new | NEW |
| PFM Health Sciences, LP | $6.3M | 242,069 | 0.54% | new | NEW |
| MYDA Advisors LLC | $6.3M | 240,000 | 0.94% | 11q | HELD |
| Jump Financial, LLC | $6.2M | 235,471 | 0.05% | 7q | +375.1%+$4.9M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $6.1M | 231,186 | 0.00% | 9q | -2.5%-$156.9K |
| STATE OF WISCONSIN INVESTMENT BOARD | $6.1M | 230,905 | 0.01% | 9q | +128.8%+$3.4M |
| Swiss National Bank | $5.9M | 224,000 | 0.00% | 9q | +2.7%+$152.1K |
| Pictet Asset Management Holding SA | $5.4M | 200,275 | 0.01% | 9q | +45.0%+$1.7M |
| JUPITER ASSET MANAGEMENT LTD | $5.3M | 202,515 | 0.03% | 5q | -6.8%-$386.5K |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $5.2M | 199,683 | 0.11% | 3q | +13.5%+$624.4K |
| Woodline Partners LP | $5.1M | 195,033 | 0.02% | 6q | HELD |
| Pavaki Capital Management LLC | $4.9M | 187,000 | 1.71% | 3q | HELD |
| PRINCIPAL FINANCIAL GROUP INC | $4.8M | 183,662 | 0.00% | 2q | +8.8%+$389.0K |
| JANE STREET GROUP, LLC | $4.8M incl. $3.5M options CALL+PUT | 49,586 | 0.00% | 14q | -82.5%-$22.5M |
| Cormorant Asset Management, LP | $4.6M | 175,000 | 0.24% | 10q | -61.1%-$7.2M |
| RHUMBLINE ADVISERS | $4.5M | 170,542 | 0.00% | 26q | +5.8%+$246.8K |
| Holocene Advisors, LP | $4.3M | 163,732 | 0.01% | new | NEW |
| PRICE T ROWE ASSOCIATES INC /MD/ | $4.1M | 157,778 | 0.00% | 26q | -64.8%-$7.6M |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $4.1M | 157,429 | 0.02% | 4q | -70.9%-$10.0M |
| PDT Partners, LLC | $4.1M | 155,075 | 0.21% | 10q | HELD |
| Vontobel Holding Ltd. | $4.0M | 153,242 | 0.01% | 6q | +342.8%+$3.1M |
| CITIGROUP INC | $4.0M | 151,394 | 0.00% | 26q | +213.2%+$2.7M |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $3.6M | 137,929 | 0.01% | 11q | -10.7%-$432.4K |
| ESSEX INVESTMENT MANAGEMENT CO LLC | $3.6M | 137,500 | 0.47% | 9q | -4.5%-$168.7K |
| CASTLEARK MANAGEMENT LLC | $3.6M | 137,420 | 0.10% | 3q | -53.2%-$4.1M |
| Eversept Partners, LP | $3.5M | 135,355 | 0.18% | 4q | -76.5%-$11.6M |
| LAZARD ASSET MANAGEMENT LLC | $3.5M | 133,146 | 0.01% | 9q | -13.9%-$561.6K |
| TUDOR INVESTMENT CORP ET AL | $3.5M | 131,914 | 0.00% | new | NEW |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $3.3M | 126,258 | 0.00% | 26q | -1.6%-$54.0K |
| ALLIANCEBERNSTEIN L.P. | $3.2M | 136,393 | 0.00% | 26q | +15.4%+$428.1K |
| 1492 Capital Management LLC | $3.0M | 116,211 | 0.90% | 2q | -1.6%-$51.0K |
| SEI INVESTMENTS CO | $3.0M | 114,253 | 0.00% | 6q | -44.6%-$2.4M |
| Tejara Capital Ltd | $3.0M | 113,084 | 1.22% | 2q | -32.0%-$1.4M |
| LPL Financial LLC | $2.9M | 111,150 | 0.00% | 13q | -6.9%-$215.8K |
| WELLS FARGO & COMPANY/MN | $2.9M | 109,079 | 0.00% | 26q | -44.9%-$2.3M |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $2.8M | 104,356 | 0.00% | 4q | HELD |
| JPMORGAN CHASE & CO | $2.8M | 97,966 | 0.00% | 26q | -13.3%-$421.6K |
Five percent filings
Anyone crossing 5% of a company must say so within days - far sooner than the next quarterly holdings report. A 13D declares an intent to influence the company; a 13G is the passive version. See all activist filings →
| Filed | Form | Filer | % of class |
|---|---|---|---|
| 2026-10-05 | 13G/A | BlackRock, Inc. | 14.1% |
What the company announced
Form 8-K filings from the last 120 days, showing only the items worth a reader's attention. Earnings releases, exhibit attachments and general disclosures are filed constantly and are left out. Filed is when the SEC received it; event is the date the company says the thing happened.
| Filed | Event date | What | Source |
|---|---|---|---|
| 2026-10-28 | 2026-10-23 | Directors or officers departed or appointed | filing |
| 2026-08-05 | 2026-07-31 | Directors or officers departed or appointed | filing |
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-27 | Curran Terrie | Director | Sold | 38,200 | $956.1K ×2 |
| 2026-09-08 | Matsuda Masaru | See Remarks | Sold | 9,989 | $250.0K |
| 2026-08-11 | Burnett Patrick | See Remarks | Sold | 8,300 | $220.1K |
| 2026-08-12 | Burnett Patrick | See Remarks | Sold | 6,700 | $174.8K |
| 2026-10-15 | Welgus Howard G. | Director | Sold | 4,728 | $127.3K |
| 2026-07-15 | Welgus Howard G. | Director | Sold | 4,730 | $127.3K |
| 2026-08-17 | Welgus Howard G. | Director | Sold | 4,730 | $123.8K |
| 2026-06-15 | LIN SUE-JEAN | Director | Sold | 4,946 | $120.6K |
| 2026-09-15 | Welgus Howard G. | Director | Sold | 4,730 | $114.4K |
| 2026-08-03 | Watanabe Todd | See Remarks | Sold | 4,375 | $114.3K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 60 | $87.8M | 3,321,884 | 20 | 16 | 6 | 0.0% |
| Q2 2026 | 274 | $3.5B | 131,433,541 | 39 | 92 | 99 | 0.5% |
| Q1 2026 | 272 | $3.1B | 132,782,732 | 31 | 102 | 82 | 0.4% |
| Q4 2025 | 286 | $3.8B | 129,304,302 | 66 | 101 | 74 | 0.6% |
| Q3 2025 | 240 | $2.4B | 125,921,089 | 32 | 84 | 81 | 0.6% |
| Q2 2025 | 231 | $1.8B | 127,384,459 | 32 | 88 | 63 | 0.8% |
| Q1 2025 | 244 | $2.0B | 125,728,817 | 64 | 64 | 77 | 0.9% |
| Q4 2024 | 210 | $1.8B | 128,914,662 | 40 | 55 | 62 | 0.7% |
| Q3 2024 | 190 | $1.2B | 129,938,576 | 30 | 68 | 47 | 0.6% |
| Q2 2024 | 189 | $1.2B | 127,789,192 | 45 | 55 | 53 | 0.8% |
| Q1 2024 | 167 | $1.3B | 134,000,428 | 57 | 51 | 38 | 1.3% |
| Q4 2023 | 133 | $348.1M | 107,428,161 | 34 | 49 | 25 | 0.3% |
| Q3 2023 | 138 | $361.2M | 67,160,032 | 17 | 49 | 34 | 1.2% |
| Q2 2023 | 140 | $693.4M | 71,843,924 | 25 | 67 | 27 | 1.3% |
| Q1 2023 | 144 | $893.5M | 80,763,327 | 21 | 65 | 32 | 0.6% |
| Q4 2022 | 143 | $991.0M | 66,084,292 | 18 | 68 | 30 | 1.1% |
| Q3 2022 | 133 | $2.3B | 119,789,128 | 34 | 61 | 20 | 0.3% |
| Q2 2022 | 110 | $1.8B | 83,308,856 | 21 | 52 | 18 | 0.5% |
| Q1 2022 | 106 | $1.2B | 61,334,408 | 25 | 26 | 27 | 0.3% |
| Q4 2021 | 89 | $1.4B | 65,309,450 | 9 | 36 | 14 | 0.2% |
| Q3 2021 | 102 | $1.5B | 65,012,646 | 12 | 26 | 29 | 0.1% |
| Q2 2021 | 103 | $1.8B | 65,048,335 | 23 | 36 | 25 | 0.3% |
| Q1 2021 | 94 | $1.8B | 63,555,161 | 25 | 43 | 17 | 0.2% |
| Q4 2020 | 77 | $1.3B | 46,631,007 | 18 | 33 | 12 | 0.0% |
| Q3 2020 | 62 | $1.2B | 40,411,073 | 10 | 29 | 10 | 0.0% |
| Q2 2020 | 55 | $1.1B | 37,544,726 | 11 | 20 | 10 | 0.0% |
| Q1 2020 | 49 | $1.2B | 41,797,448 | 47 | 0 | 0 | 0.0% |