BICYCLE THERAPEUTICS PLC BCYC
SPONSORED ADS · ADR · CUSIP 088786108 · ISIN US0887861088
Company in Cambridge, United Kingdom
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersCambridge, United Kingdom
- Founded2009
- Websitebicycletherapeutics.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $4.24. Options: 6 managers hold calls ($770.4k notional), 6 hold puts ($2.6m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 80 |
| Q4 2022 | 87 |
| Q1 2023 | 90 |
| Q2 2023 | 86 |
| Q3 2023 | 102 |
| Q4 2023 | 102 |
| Q1 2024 | 96 |
| Q2 2024 | 108 |
| Q3 2024 | 106 |
| Q4 2024 | 98 |
| Q1 2025 | 96 |
| Q2 2025 | 111 |
| Q3 2025 | 99 |
| Q4 2025 | 109 |
| Q1 2026 | 98 |
| Q2 2026 | 104 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 50 | 51 |
| Q4 2024 | 40 | 59 |
| Q1 2025 | 42 | 46 |
| Q2 2025 | 67 | 34 |
| Q3 2025 | 48 | 44 |
| Q4 2025 | 53 | 40 |
| Q1 2026 | 58 | 42 |
| Q2 2026 | 53 | 31 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $402.0k | $39.3k | 0.10 |
| Q4 2025 | $2.3m | $946.6k | 0.41 |
| Q1 2026 | $347.1k | $2.5m | 7.15 |
| Q2 2026 | $770.4k | $2.6m | 3.31 |
Biggest buyers
| RENAISSANCE TECHNOLOGIES LLC | Added | +554.1k |
| Qube Research & Technologies Ltd | Added | +466.9k |
| MARSHALL WACE, LLP | Added | +420.6k |
| Peapod Lane Capital LLC | Added | +416.9k |
| MILLENNIUM MANAGEMENT LLC | Added | +270.0k |
| TWO SIGMA INVESTMENTS, LP | Added | +269.8k |
| FLAX POND CAPITAL, LLC | Added | +200.1k |
| Sculptor Capital LP | New | +197.9k |
| CITADEL ADVISORS LLC | Added | +177.1k |
| JANE STREET GROUP, LLC | Added | +174.0k |
Biggest sellers
| Siren, L.L.C. | Sold out | -1.6m |
| PRINCIPAL FINANCIAL GROUP INC | Sold out | -1.2m |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | Sold out | -428.7k |
| PLATINUM INVESTMENT MANAGEMENT LTD | Sold out | -184.6k |
| Birchview Capital, LP | Reduced | -150.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -126.1k |
| Marex Group Ltd | Sold out | -115.0k |
| Man Group plc | Sold out | -63.3k |
| AXQ CAPITAL, LP | Reduced | -35.8k |
| Engineers Gate Manager LP | Sold out | -35.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $315.9k74.5k shares |
| SIMPLEX TRADING, LLC | Added | $192.1k45.3k shares |
| JANE STREET GROUP, LLC | New | $151.8k35.8k shares |
| CITADEL ADVISORS LLC | Added | $73.4k17.3k shares |
| Walleye Capital LLC | New | $32.6k7.7k shares |
| GROUP ONE TRADING LLC | Reduced | $4.7k1.1k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $1.1m248.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.0m245.9k shares |
| CITADEL ADVISORS LLC | Added | $238.3k56.2k shares |
| JANE STREET GROUP, LLC | Reduced | $113.6k26.8k shares |
| GROUP ONE TRADING LLC | Added | $102.2k24.1k shares |
| Walleye Capital LLC | New | $848200 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Forbion Growth Opportunities Fund II Cooperatief U.A. 13G · passive investor new · filed 2024-12-19 | 7.3% |
| ARMISTICE CAPITAL, LLC 13G · institution no change · filed 2026-08-14 | 6.7% |
| Long Focus Capital Management, LLC 13G · institution new · filed 2026-05-15 | 6.6% |
Fell to 5% or below in the last year: Invus Global Management, LLC (3.1%, 2026-05-04), WESTFIELD CAPITAL MANAGEMENT CO LP (0.0%, 2026-03-04)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $21.2m | 6 | $259.2k | $157.1k |
| Q1 2025 | 0 | — | 8 | $520.6k | $67.3k |
| Q2 2025 | 0 | — | 6 | $77.0k | — |
| Q3 2025 | 0 | — | 6 | $69.9k | — |
| Q4 2025 | 0 | — | 7 | $84.7k | $5.0k |
| Q1 2026 | 0 | — | 6 | $328.3k | $50.5k |
| Q2 2026 | 0 | — | 5 | $70.0k | $7.0k |
| Q3 2026 | 0 | — | 5 | $60.5k | $6.1k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-07-06 | Lee Kevin CHIEF EXECUTIVE OFFICER, director | Sold | $7.5k1.7k shares |
| 2026-07-06 | Skynner Michael CHIEF SCIENTIFIC OFFICER | Sold | $2.3k532 shares |
| 2026-07-06 | Perry Jennifer Scott Chief Operating Officer | Sold plan | $1.6k376 shares |
| 2026-07-06 | Hannay Michael Charles Ferguson CHIEF PROD & SUPPLY CHAIN OFF | Sold | $1.1k255 shares |
| 2026-07-06 | Thompson Travis Alvin Chief Financial Officer | Sold | $448104 shares |
| 2026-07-02 | Lee Kevin CHIEF EXECUTIVE OFFICER, director | Sold | $25.2k5.9k shares |
| 2026-07-02 | Skynner Michael CHIEF SCIENTIFIC OFFICER | Sold | $7.9k1.9k shares |
| 2026-07-02 | Hannay Michael Charles Ferguson CHIEF PROD & SUPPLY CHAIN OFF | Sold | $6.4k1.5k shares |
| 2026-07-02 | Perry Jennifer Scott Chief Operating Officer | Sold plan | $4.4k1.0k shares |
| 2026-07-02 | Thompson Travis Alvin Chief Financial Officer | Sold | $3.5k819 shares |
| 2026-04-06 | Lee Kevin CHIEF EXECUTIVE OFFICER, director | Sold | $8.7k1.7k shares |
| 2026-04-06 | Skynner Michael CHIEF SCIENTIFIC OFFICER | Sold | $2.7k525 shares |
| 2026-04-06 | Perry Jennifer Scott Chief Operating Officer | Sold plan | $1.9k370 shares |
| 2026-04-06 | Hannay Michael Charles Ferguson CHIEF PROD & SUPPLY CHAIN OFF | Sold | $1.3k251 shares |
| 2026-04-06 | Thompson Travis Alvin Chief Financial Officer | Sold | $515102 shares |
| 2026-04-02 | Lee Kevin CHIEF EXECUTIVE OFFICER, director | Sold | $29.3k6.0k shares |
| 2026-04-02 | Skynner Michael CHIEF SCIENTIFIC OFFICER | Sold | $9.2k1.9k shares |
| 2026-04-02 | Hannay Michael Charles Ferguson CHIEF PROD & SUPPLY CHAIN OFF | Sold | $7.5k1.5k shares |
| 2026-04-02 | Perry Jennifer Scott Chief Operating Officer | Sold plan | $5.1k1.0k shares |
| 2026-04-02 | Thompson Travis Alvin Chief Financial Officer | Sold | $3.9k799 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BAKER BROS. ADVISORS LP 0.23% of their portfolio | 10.9m $46.2m | Unchanged |
| FCPM III SERVICES B.V. 1.96% of their portfolio | 3.5m $14.7m | Unchanged |
| ARMISTICE CAPITAL, LLC 0.40% of their portfolio | 3.4m $14.4m | Unchanged |
| Long Focus Capital Management, LLC 0.57% of their portfolio | 3.3m $14.0m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 2.0m $8.3m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 1.5m $6.5m | Added +554.1k |
| GSK plc 1.08% of their portfolio | 1.5m $6.5m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 902.1k $3.8m | Reduced -126.1k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 797.9k $3.4m | Added +420.6k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 775.6k $3.3m | Added +466.9k |
| MORGAN STANLEY 0.00% of their portfolio | 667.3k $2.8m | Added +48.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 615.8k $2.6m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 554.2k $2.3m | Added +177.1k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 554.0k $2.3m | Added +270.0k |
| Peapod Lane Capital LLC 1.54% of their portfolio | 538.0k $2.3m | Added +416.9k |
| DIADEMA PARTNERS LP 0.69% of their portfolio | 462.7k $2.0m | Reduced -13.7k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 434.6k $1.8m | Added +269.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 392.2k $1.7m | Added +174.0k |
| FLAX POND CAPITAL, LLC 0.62% of their portfolio | 376.2k $1.7m | Added +200.1k |
| Birchview Capital, LP 0.62% of their portfolio | 313.6k $1.3m | Reduced -150.0k |
| BlackRock, Inc. 0.00% of their portfolio | 280.4k $1.2m | Added +1.4k |
| MOORE CAPITAL MANAGEMENT, LP 0.03% of their portfolio | 275.0k $1.2m | Unchanged |
| Rangeley Capital, LLC 1.00% of their portfolio | 253.5k $1.1m | Added +21.2k |
| Palo Alto Investors LP 0.12% of their portfolio | 201.9k $856.0k | Unchanged |
| Sculptor Capital LP 0.01% of their portfolio | 197.9k $839.1k | New |
| Eversept Partners, LP 0.04% of their portfolio | 190.7k $808.6k | Unchanged |
| PINNACLE ASSOCIATES LTD 0.01% of their portfolio | 190.0k $805.6k | Added +4.6k |
| Jump Financial, LLC 0.01% of their portfolio | 167.1k $708.5k | Added +114.6k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 149.9k $635.7k | Added +19.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 127.9k $542.1k | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 121.3k $514.2k | Added +11.1k |
| Persistent Asset Partners Ltd 0.16% of their portfolio | 117.3k $497.2k | Reduced -3.2k |
| XTX Topco Ltd 0.01% of their portfolio | 109.8k $465.6k | Added +3.4k |
| Quadrature Capital Ltd 0.00% of their portfolio | 104.1k $441.4k | New |
| TD Asset Management Inc 0.00% of their portfolio | 92.0k $390.0k | Unchanged |
| Virtus Investment Advisers, LLC 0.08% of their portfolio | 80.8k $342.5k | Added +44.2k |
| NANO CAP NEW MILLENNIUM GROWTH FUND L P 0.26% of their portfolio | 80.0k $339.2k | New |
| EntryPoint Capital, LLC 0.08% of their portfolio | 77.7k $329.6k | Added +13.8k |
| Marquette Asset Management, LLC 0.04% of their portfolio | 72.9k $308.9k | New |
| HRT FINANCIAL LP 0.00% of their portfolio | 66.2k $280.0k | Added +20.3k |
| DAFNA Capital Management LLC 0.05% of their portfolio | 64.5k $273.4k | Unchanged |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 61.2k $259.3k | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 52.8k $223.8k | Unchanged |
| ALPS ADVISORS INC 0.00% of their portfolio | 51.1k $216.8k | Added +10.5k |
| Verdad Advisers, LP 0.21% of their portfolio | 51.1k $216.7k | New |
| ADAR1 Capital Management, LLC 0.01% of their portfolio | 50.6k $214.7k | Reduced -20.7k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 35.2k $149.4k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 32.0k $135.5k | Reduced -5.9k |
| Trexquant Investment LP 0.00% of their portfolio | 31.0k $131.6k | New |
| STATE STREET CORP 0.00% of their portfolio | 30.8k $130.7k | Added +317 |
| GSA CAPITAL PARTNERS LLP 0.01% of their portfolio | 30.8k $131.0k | Added +3.9k |
| WOODSTOCK CORP 0.01% of their portfolio | 29.1k $123.6k | Unchanged |
| AXQ CAPITAL, LP 0.01% of their portfolio | 27.4k $116.0k | Reduced -35.8k |
| FNY Investment Advisers, LLC 0.04% of their portfolio | 26.2k $111.0k | Added +18.7k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 25.5k $107.9k | New |
| Invesco Ltd. 0.00% of their portfolio | 24.8k $105.2k | Added +9.7k |
| National Philanthropic Trust 0.00% of their portfolio | 24.7k $104.8k | New |
| Forefront Analytics, LLC 0.10% of their portfolio | 21.8k $92.5k | Added +7.4k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 20.5k $86.8k | Added +5.8k |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 20.1k $85.2k | Unchanged |
| Vontobel Holding Ltd. 0.00% of their portfolio | 20.0k $84.8k | Unchanged |
| Aigen Investment Management, LP 0.02% of their portfolio | 19.3k $81.9k | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 19.0k $80.7k | Reduced -6.1k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 16.0k $67.7k | Added +3.4k |
| UBS Group AG 0.00% of their portfolio | 15.5k $65.5k | Reduced -16.7k |
| PORTLAND INVESTMENT COUNSEL INC. 0.02% of their portfolio | 15.0k $63.6k | Unchanged |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 14.3k $60.6k | Unchanged |
| Erste Asset Management GmbH 0.00% of their portfolio | 14.0k $58.1k | Unchanged |
| Cerity Partners LLC 0.00% of their portfolio | 13.6k $57.5k | Unchanged |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 13.4k $56.8k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 13.1k $54.2k | Added +3.2k |
| Walleye Capital LLC 0.00% of their portfolio | 13.0k $55.1k | New |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.00% of their portfolio | 12.6k $53.4k | Reduced -604 |
| Aquatic Capital Management LLC 0.00% of their portfolio | 12.3k $52.3k | Reduced -13.8k |
| Jain Global LLC 0.00% of their portfolio | 12.0k $50.9k | New |
| Crossmark Global Holdings, Inc. 0.00% of their portfolio | 11.4k $48.3k | Reduced -6 |
| Pinnacle Wealth Management Advisory Group, LLC 0.00% of their portfolio | 11.0k $46.6k | Unchanged |
| State of Wyoming 0.00% of their portfolio | 10.8k $45.6k | New |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 10.1k $42.9k | Unchanged |
| GAMMA Investing LLC 0.00% of their portfolio | 7.7k $32.7k | Added +6.4k |
| China Universal Asset Management Co., Ltd. 0.00% of their portfolio | 7.4k $31.5k | Reduced -802 |
| NATIXIS 0.00% of their portfolio | 4.6k $20.0k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 3.7k $15.6k | Added +1.7k |
| BARCLAYS PLC 0.00% of their portfolio | 3.1k $13.4k | Added +792 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 2.5k $11.0k | Reduced -12.0k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 2.1k $8.8k | Reduced -332 |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 1.9k $8.2k | New |
| ASSETMARK, INC 0.00% of their portfolio | 1.6k $6.7k | Reduced -2.6k |
| CITIGROUP INC 0.00% of their portfolio | 1.2k $5.0k | Reduced -120 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 1.0k $4.3k | Unchanged |
| GF FUND MANAGEMENT CO. LTD. 0.00% of their portfolio | 962 $4.1k | Reduced -70 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 700 $2.9k | Added +200 |
| Quarry LP 0.00% of their portfolio | 537 $2.3k | New |
| HighMark Wealth Management LLC 0.00% of their portfolio | 435 $1.8k | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 304 $1.3k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 200 $848 | Unchanged |
| Winch Advisory Services, LLC 0.00% of their portfolio | 172 $729 | Unchanged |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 147 $623 | New |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 117 $496 | Added +116 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 106 $449 | New |