Vault-13

BICYCLE THERAPEUTICS PLC BCYC

SPONSORED ADS · ADR · CUSIP 088786108 · ISIN US0887861088

Company in Cambridge, United Kingdom

96 institutional holders -6 vs Q4 2023
33,533,20333.5m shares reported held*
$834.8mreported value*
11 new 29 added 33 reduced 16 sold out net bought ≈ $35.0m (+1.4m shares)

* 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 ($234.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.90. Options: 6 managers hold calls ($599.9k notional), 4 hold puts ($340.6k).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 80Q4 22: 87Q1 23: 90Q2 23: 86Q3 23: 102Q4 23: 102Q1 24: 9696Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202280
Q4 202287
Q1 202390
Q2 202386
Q3 2023102
Q4 2023102
Q1 202496

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 32 bought or addedQ4 22: 43 cut or sold outQ4 22Q1 23: 53 bought or addedQ1 23: 29 cut or sold outQ1 23Q2 23: 39 bought or addedQ2 23: 41 cut or sold outQ2 23Q3 23: 58 bought or addedQ3 23: 31 cut or sold outQ3 23Q4 23: 54 bought or addedQ4 23: 51 cut or sold outQ4 23Q1 24: 40 bought or addedQ1 24: 49 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223243
Q1 20235329
Q2 20233941
Q3 20235831
Q4 20235451
Q1 20244049

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6mQ2 23 calls: $170.8kQ2 23 puts: $5.3mQ2 23P/C 30.96Q3 23 calls: $2.0mQ3 23 puts: $3.8mQ3 23P/C 1.89Q4 23 calls: $3.0mQ4 23 puts: $3.2mQ4 23P/C 1.06Q1 24 calls: $599.9kQ1 24 puts: $340.6kQ1 24P/C 0.57
Numbers
QuarterCallsPutsP/C
Q2 2023$170.8k$5.3m30.96
Q3 2023$2.0m$3.8m1.89
Q4 2023$3.0m$3.2m1.06
Q1 2024$599.9k$340.6k0.57

Biggest buyers

BAKER BROS. ADVISORS LP Added +3,152,433+3.2m
MORGAN STANLEY Added +2,491,695+2.5m
Schonfeld Strategic Advisors LLC Added +313,800+313.8k
Parkman Healthcare Partners LLC Added +211,364+211.4k
Duquesne Family Office LLC New +190,200+190.2k
ARMISTICE CAPITAL, LLC Added +136,000+136.0k
PRICE T ROWE ASSOCIATES INC /MD/ Added +124,809+124.8k
WESTFIELD CAPITAL MANAGEMENT CO LP Added +121,613+121.6k
Point72 Asset Management, L.P. Added +116,699+116.7k
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Added +100,107+100.1k

Biggest sellers

Jefferies Financial Group Inc. Sold out -1,948,000-1.9m
AXA S.A. Reduced -554,009-554.0k
Paradigm Biocapital Advisors LP Reduced -460,242-460.2k
NOMURA HOLDINGS INC Sold out -400,000-400.0k
Verition Fund Management LLC Reduced -399,673-399.7k
First Light Asset Management, LLC Reduced -357,420-357.4k
FMR LLC Sold out -266,347-266.3k
MILLENNIUM MANAGEMENT LLC Sold out -249,135-249.1k
CITADEL ADVISORS LLC Reduced -235,025-235.0k
Man Group plc Sold out -174,074-174.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $226.6k9.1k shares
CITADEL ADVISORS LLC Reduced $159.4k6.4k shares
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) Reduced $129.5k70.0k shares
SIMPLEX TRADING, LLC Reduced $82.0k3.3k shares
GROUP ONE TRADING LLC Reduced $2.5k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $288.8k11.6k shares
GROUP ONE TRADING LLC Reduced $49.8k2.0k shares
SIMPLEX TRADING, LLC Reduced $2.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

HolderStakeChangeShares Last filed
Forbion Growth Opportunities Fund II Cooperatief U.A. 13G · passive investor new · filed 2024-12-19 7.3% new 3.5m 2024-12-19
ARMISTICE CAPITAL, LLC 13G · institution no change · filed 2026-08-14 6.7% no change 3.4m 2026-08-14
Long Focus Capital Management, LLC 13G · institution new · filed 2026-05-15 6.6% new 3.3m 2026-05-15

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 in Q1 2024

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)

BuyingSelling
10010Q2 22: 0 buyingQ2 22: 0 sellingQ3 22: 0 buyingQ3 22: 0 sellingQ3 22Q4 22: 0 buyingQ4 22: 0 sellingQ1 23: 0 buyingQ1 23: 7 sellingQ1 23Q2 23: 0 buyingQ2 23: 6 sellingQ3 23: 0 buyingQ3 23: 6 sellingQ3 23Q4 23: 0 buyingQ4 23: 6 sellingQ1 24: 0 buyingQ1 24: 6 sellingQ1 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20220—0——
Q3 20220—0——
Q4 20220—0——
Q1 20230—7$332.2k—
Q2 20230—6$55.5k—
Q3 20230—6$58.9k—
Q4 20230—6$44.8k—
Q1 20240—6$255.3k—
DateInsiderTradeSharesPrice ValueTheir holding
2024-01-03 Lee Kevin Chief Executive Officer, director Sold 8,703 $17.50 $152.3k8.7k shares -2%
2024-01-03 Skynner Michael Chief Technology Officer Sold 2,643 $17.50 $46.3k2.6k shares -3%
2024-01-03 Milnes Alistair Chief Operating Officer Sold 2,643 $17.50 $46.3k2.6k shares -4%
2024-01-03 Crockett Nigel Chief Business Officer Sold 2,643 $17.50 $46.3k2.6k shares -5%
2024-01-03 Keen Nicholas Chief Scientific Officer Sold 2,640 $17.50 $46.2k2.6k shares -4%
2024-01-03 Thompson Travis Alvin Chief Accounting Officer Sold 604 $17.50 $10.6k604 shares -2%

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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAKER BROS. ADVISORS LP 1.54% of their portfolio NEW YORK, NY 4,942,8234.9m $123.1m $123.1m 1.54% Added +3.2m +3,152,433
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,550,1454.6m $113.3m $113.3m 0.00% Added +2.5m +2,491,695
3 Deep Track Capital, LP 2.50% of their portfolio GREENWICH, CT 3,490,5063.5m $86.9m $86.9m 2.50% Unchanged
4 Paradigm Biocapital Advisors LP 2.85% of their portfolio NEW YORK, NY 3,246,7593.2m $80.8m $80.8m 2.85% Reduced -460.2k -460,242
5 ARMISTICE CAPITAL, LLC 1.11% of their portfolio NEW YORK, NY 1,672,0001.7m $41.6m $41.6m 1.11% Added +136.0k +136,000
6 TYBOURNE CAPITAL MANAGEMENT (HK) LTD 6.58% of their portfolio HONG KONG, K3 1,545,0261.5m $38.5m $38.5m 6.58% Reduced -105.3k -105,294
7 First Light Asset Management, LLC 2.27% of their portfolio Edina, MN 1,193,0511.2m $29.7m $29.7m 2.27% Reduced -357.4k -357,420
8 WESTFIELD CAPITAL MANAGEMENT CO LP 0.14% of their portfolio BOSTON, MA 1,038,9171.0m $25.9m $25.9m 0.14% Added +121.6k +121,613
9 Polar Capital Holdings Plc 0.13% of their portfolio London, X0 1,004,5351.0m $25.0m $25.0m 0.13% Unchanged
10 MONTANOVA CAPITAL, LLC 0.96% of their portfolio New York, NY 914,476914.5k $22.8m $22.8m 0.96% Unchanged
11 Candriam S.C.A. 0.14% of their portfolio STRASSEN, N4 889,258889.3k $22.1m $22.1m 0.14% Added +20.0k +20,000
12 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.06% of their portfolio Paris, I0 883,105883.1k $22.0m $22.0m 0.06% Added +100.1k +100,107
13 RA CAPITAL MANAGEMENT, L.P. 0.25% of their portfolio BOSTON, MA 800,000800.0k $19.9m $19.9m 0.25% Unchanged
14 BlackRock Inc. 0.00% of their portfolio New York, NY 575,030575.0k $14.3m $14.3m 0.00% Added +73.4k +73,407
15 AXA S.A. 0.04% of their portfolio PARIS, I0 554,163554.2k $13.8m $13.8m 0.04% Reduced -554.0k -554,009
16 Parkman Healthcare Partners LLC 1.60% of their portfolio STAMFORD, CT 524,253524.3k $13.1m $13.1m 1.60% Added +211.4k +211,364
17 Camber Capital Management LP 0.39% of their portfolio BOSTON, MA 450,000450.0k $11.2m $11.2m 0.39% Unchanged
18 Schonfeld Strategic Advisors LLC 0.08% of their portfolio NEW YORK, NY 420,800420.8k $10.5m $10.5m 0.08% Added +313.8k +313,800
19 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 401,646401.6k $10.0m $10.0m 0.00% Added +124.8k +124,809
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 396,812396.8k $9.9m $9.9m 0.00% Reduced -64.5k -64,519
21 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 342,594342.6k $8.5m $8.5m 0.02% Added +116.7k +116,699
22 Verition Fund Management LLC 0.08% of their portfolio GREENWICH, CT 340,866340.9k $8.5m $8.5m 0.08% Reduced -399.7k -399,673
23 PLATINUM INVESTMENT MANAGEMENT LTD 0.33% of their portfolio SYDNEY AUSTRALIA 2000, C3 333,001333.0k $8.3m $8.3m 0.33% Reduced -29.1k -29,079
24 KENNEDY CAPITAL MANAGEMENT LLC 0.13% of their portfolio ST LOUIS, MO 252,172252.2k $6.3m $6.3m 0.13% Reduced -164.3k -164,313
25 Rubric Capital Management LP 0.15% of their portfolio NEW YORK, NY 205,423205.4k $5.1m $5.1m 0.15% Unchanged
26 Duquesne Family Office LLC 0.13% of their portfolio New York, NY 190,200190.2k $4.7m $4.7m 0.13% New
27 Handelsbanken Fonder AB 0.02% of their portfolio STOCKHOLM, V7 179,800179.8k $4.5m $4.5m 0.02% Added +40.0k +40,000
28 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 165,700165.7k $4.1m $4.1m 0.01% Added +60.2k +60,200
29 HighVista Strategies LLC 1.41% of their portfolio BOSTON, MA 158,293158.3k $3.9m $3.9m 1.41% Unchanged
30 Soleus Capital Management, L.P. 0.33% of their portfolio GREENWICH, CT 153,000153.0k $3.8m $3.8m 0.33% Added +58.0k +58,000
31 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 136,775136.8k $3.4m $3.4m 0.00% Added +23.6k +23,625
32 Legal & General Group Plc 0.00% of their portfolio London, X0 133,068133.1k $3.3m $3.3m 0.00% Added +263 +263
33 DAFNA Capital Management LLC 0.69% of their portfolio LOS ANGELES, CA 122,200122.2k $3.0m $3.0m 0.69% Unchanged
34 Trexquant Investment LP 0.05% of their portfolio STAMFORD, CT 92,55292.6k $2.3m $2.3m 0.05% Reduced -103.8k -103,771
35 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.06% of their portfolio CHICAGO, IL 84,98085.0k $2.1m $2.1m 0.06% Added +11.4k +11,379
36 PINNACLE ASSOCIATES LTD 0.03% of their portfolio NEW YORK, NY 80,09080.1k $2.0m $2.0m 0.03% New
37 COMERICA BANK 0.01% of their portfolio DALLAS, TX 78,77078.8k $2.0m $2.0m 0.01% Reduced -3.1k -3,080
38 AlphaCentric Advisors LLC 0.90% of their portfolio SAN JUAN, PR 60,00060.0k $1.5m $1.5m 0.90% New
39 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 59,44059.4k $1.5m $1.5m 0.00% Reduced -235.0k -235,025
40 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 55,45055.5k $1.4m $1.4m 0.00% New
41 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 54,98655.0k $1.4m $1.4m 0.00% Added +19.8k +19,800
42 L & S Advisors Inc 0.14% of their portfolio Los Angeles, CA 50,26050.3k $1.3m $1.3m 0.14% Added +40.1k +40,070
43 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 48,70048.7k $1.1m $1.1m 0.00% New
44 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 46,60046.6k $1.2m $1.2m 0.00% Reduced -15.6k -15,607
45 HARBOR CAPITAL ADVISORS, INC. 0.14% of their portfolio CHICAGO, IL 43,48043.5k $1.1m $1.1m 0.14% Added +16.8k +16,792
46 Skandinaviska Enskilda Banken AB (publ) 0.01% of their portfolio STOCKHOLM, V7 42,72942.7k $1.1m $1.1m 0.01% New
47 WEXFORD CAPITAL LP 0.18% of their portfolio WEST PALM BEACH, FL 34,87934.9k $868.5k $868.5k 0.18% Unchanged
48 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 31,17631.2k $776.3k $776.3k 0.00% Added +11.0k +10,964
49 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 30,60030.6k $761.9k $761.9k 0.00% Unchanged
50 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 30,00030.0k $700.0k $700.0k 0.00% Unchanged
51 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 28,58528.6k $711.8k $711.8k 0.00% Reduced -75.0k -75,043
52 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 25,95826.0k $646.4k $646.4k 0.00% Added +12.8k +12,785
53 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 25,87225.9k $644.2k $644.2k 0.00% Reduced -3.7k -3,694
54 WOODSTOCK CORP 0.06% of their portfolio BOSTON, MA 24,98125.0k $622.0k $622.0k 0.06% Added +3.5k +3,502
55 Concurrent Investment Advisors, LLC 0.02% of their portfolio Tampa, FL 21,79921.8k $542.8k $542.8k 0.02% New
56 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 21,37721.4k $532.3k $532.3k 0.00% Added +2.5k +2,540
57 GILDER GAGNON HOWE & CO LLC 0.01% of their portfolio New York, NY 21,26821.3k $529.6k $529.6k 0.01% New
58 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 20,19720.2k $502.9k $502.9k 0.00% Reduced -62.8k -62,753
59 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.01% of their portfolio New York, NY 17,45017.4k $434.5k $434.5k 0.01% Reduced -5.9k -5,900
60 ADAR1 Capital Management, LLC 0.10% of their portfolio AUSTIN, TX 14,43014.4k $359.3k $359.3k 0.10% Reduced -60.4k -60,395
61 HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 14,39614.4k $358.5k $358.5k 0.01% Unchanged
62 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 14,00014.0k $343.7k $343.7k 0.00% Unchanged
63 DANSKE BANK A/S 0.00% of their portfolio COPENHAGEN V, G7 13,33013.3k $331.9k $331.9k 0.00% First filing
64 Bellevue Group AG 0.00% of their portfolio ZURICH, V8 12,50012.5k $311.2k $311.2k 0.00% Reduced -7.5k -7,500
65 EXCHANGE TRADED CONCEPTS, LLC 0.01% of their portfolio Oklahoma City, OK 12,42112.4k $309.3k $309.3k 0.01% Added +5.7k +5,694
66 Walleye Trading LLC 0.00% of their portfolio NEW YORK, NY 11,37111.4k $283.1k $283.1k 0.00% Reduced -38.9k -38,870
67 UBS Group AG 0.00% of their portfolio ZURICH, V8 9,98210.0k $248.6k $248.6k 0.00% Reduced -1.2k -1,168
68 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 9,8309.8k $244.0k $244.0k 0.01% New
69 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 9,4209.4k $234.6k $234.6k 0.00% Reduced -104.5k -104,481
70 FISHMAN JAY A LTD/MI 0.02% of their portfolio TROY, MI 9,0009.0k $224.1k $224.1k 0.02% Reduced -25.5k -25,500
71 PEAK6 Investments LLC 0.01% of their portfolio CHICAGO, IL 9,0009.0k $224.1k $224.1k 0.01% Unchanged
72 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 8,8348.8k $220.0k $220.0k 0.00% Reduced -28.0k -28,017
73 PDS Planning, Inc 0.02% of their portfolio DUBLIN, OH 8,4508.4k $210.4k $210.4k 0.02% New
74 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 8,0708.1k $200.9k $200.9k 0.00% Reduced -302 -302
75 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 7,7007.7k $191.7k $191.7k 0.00% Added +140 +140
76 China Universal Asset Management Co., Ltd. 0.02% of their portfolio SHANGHAI, F4 6,8596.9k $170.8k $170.8k 0.02% Added +2.9k +2,858
77 VIRTUS ADVISERS, LLC 0.08% of their portfolio HARTFORD, CT 5,7745.8k $143.8k $143.8k 0.08% Reduced -398 -398
78 Leonteq Securities AG 0.02% of their portfolio ZURICH, V8 5,0005.0k $124.5k $124.5k 0.02% Unchanged
79 HighMark Wealth Management LLC 0.07% of their portfolio ST. PAUL, MN 4,4354.4k $110.4k $110.4k 0.07% Unchanged
80 NATIXIS 0.00% of their portfolio PARIS, I0 2,5682.6k $63.2k $63.2k 0.00% Reduced -61 -61
81 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 2,2002.2k $54.8k $54.8k 0.00% Unchanged
82 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,3891.4k $34.6k $34.6k 0.00% Reduced -594 -594
83 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 871871 $21.7k $21.7k 0.00% Added +349 +349
84 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 639639 $15.9k $15.9k 0.00% Added +229 +229
85 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 411411 $10.2k $10.2k 0.00% Reduced -1.9k -1,917
86 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 300300 $7.5k $7.5k 0.00% New
87 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 287287 $7.0k $7.0k 0.00% Reduced -59 -59
88 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 128128 $3.2k $3.2k 0.00% Reduced -15.5k -15,500
89 MACROVIEW INVESTMENT MANAGEMENT LLC 0.00% of their portfolio BETHESDA, MD 126126 $3.1k $3.1k 0.00% Unchanged
90 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 103103 $3.0k $3.0k 0.00% Unchanged
91 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 9191 $2.3k $2.3k 0.00% Reduced -26.2k -26,173
92 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 8484 $2.1k $2.1k 0.00% Reduced -14.9k -14,948
93 Gen-Wealth Partners Inc 0.00% of their portfolio ZEELAND, MI 3939 $971 $971 0.00% First filing
94 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 55 $125 $125 0.00% Unchanged
95 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 44 $100 $100 0.00% Reduced -454 -454
96 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged