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 ($609.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $6.95. Options: 7 managers hold calls ($407.0k notional), 6 hold puts ($125.5k).
Trends to Q2 2025
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 |
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 2023 | 58 | 31 |
| Q4 2023 | 54 | 51 |
| Q1 2024 | 40 | 49 |
| Q2 2024 | 60 | 39 |
| Q3 2024 | 50 | 51 |
| Q4 2024 | 40 | 59 |
| Q1 2025 | 42 | 46 |
| Q2 2025 | 67 | 34 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $792.6k | $567.5k | 0.72 |
| Q4 2024 | $148.2k | $255.8k | 1.73 |
| Q1 2025 | $83.5k | $268.8k | 3.22 |
| Q2 2025 | $407.0k | $125.5k | 0.31 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +990.2k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +572.4k |
| Deep Track Capital, LP | Added | +436.2k |
| TYBOURNE CAPITAL MANAGEMENT (HK) LTD | Added | +417.4k |
| BANK OF AMERICA CORP /DE/ | Added | +267.1k |
| Eversept Partners, LP | New | +211.5k |
| Siren, L.L.C. | Added | +200.0k |
| ARMISTICE CAPITAL, LLC | Added | +128.0k |
| WESTFIELD CAPITAL MANAGEMENT CO LP | Added | +123.2k |
| Janney Montgomery Scott LLC | New | +100.3k |
Biggest sellers
| Point72 Asset Management, L.P. | Reduced | -1.9m |
| RA CAPITAL MANAGEMENT, L.P. | Sold out | -1.1m |
| EcoR1 Capital, LLC | Sold out | -910.0k |
| AXA S.A. | Reduced | -273.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Reduced | -178.2k |
| Aquilo Capital Management, LLC | Sold out | -171.7k |
| Caption Management, LLC | Sold out | -81.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -68.2k |
| Shay Capital LLC | Sold out | -60.0k |
| BlackRock, Inc. | Reduced | -58.5k |
Biggest calls
| Walleye Trading LLC | New | $155.0k22.3k shares |
| CITADEL ADVISORS LLC | Added | $123.0k17.7k shares |
| Walleye Capital LLC | New | $92.4k13.3k shares |
| GROUP ONE TRADING LLC | New | $15.3k2.2k shares |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) | Not comparable | $11.2k50.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $10.0k1.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $89.0k12.8k shares |
| Walleye Trading LLC | New | $16.0k2.3k shares |
| Walleye Capital LLC | New | $10.4k1.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.0k1.0k shares |
| GROUP ONE TRADING LLC | Reduced | $4.2k600 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.
| 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 in Q2 2025
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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 6 | $58.9k | — |
| Q4 2023 | 0 | — | 6 | $44.8k | — |
| Q1 2024 | 0 | — | 6 | $255.3k | — |
| Q2 2024 | 0 | — | 7 | $126.1k | — |
| Q3 2024 | 0 | — | 7 | $104.8k | — |
| Q4 2024 | 1 | $21.2m | 6 | $259.2k | $157.1k |
| Q1 2025 | 0 | — | 8 | $520.6k | $67.3k |
| Q2 2025 | 0 | — | 6 | $77.0k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-04-03 | Lee Kevin CHIEF EXECUTIVE OFFICER, director | Sold | $25.7k3.4k shares |
| 2025-04-03 | Milnes Alistair CHIEF OPERATING OFFICER | Sold | $7.8k1.0k shares |
| 2025-04-03 | Skynner Michael CHIEF TECHNOLOGY OFFICER | Sold | $7.8k1.0k shares |
| 2025-04-03 | Hannay Michael Charles Ferguson CHIEF PROD & SUPPLY CHAIN OFF | Sold | $2.0k266 shares |
| 2025-04-03 | Thompson Travis Alvin CHIEF ACCOUNTING OFFICER | Sold | $815109 shares |
| 2025-04-02 | Lee Kevin CHIEF EXECUTIVE OFFICER, director | Sold | $17.9k2.2k shares |
| 2025-04-02 | Milnes Alistair CHIEF OPERATING OFFICER | Sold | $9.1k1.1k shares |
| 2025-04-02 | Skynner Michael CHIEF TECHNOLOGY OFFICER | Sold | $6.5k814 shares |
| 2025-04-02 | Hannay Michael Charles Ferguson CHIEF PROD & SUPPLY CHAIN OFF | Sold | $3.7k467 shares |
| 2025-04-02 | Young Alethia Chief Financial Officer | Sold | $1.7k215 shares |
| 2025-04-02 | Thompson Travis Alvin CHIEF ACCOUNTING OFFICER | Sold | $1.7k210 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 2025
| Manager | Shares | Change |
|---|---|---|
| BAKER BROS. ADVISORS LP 0.73% of their portfolio | 10.9m $75.7m | Unchanged |
| FCPM III SERVICES B.V. 6.50% of their portfolio | 3.5m $24.0m | Unchanged |
| ARMISTICE CAPITAL, LLC 0.74% of their portfolio | 2.8m $19.5m | Added +128.0k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.08% of their portfolio | 2.8m $19.3m | Added +123.2k |
| Siren, L.L.C. 0.72% of their portfolio | 2.0m $14.0m | Added +200.0k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 1.8m $12.3m | Reduced -1.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 1.5m $10.2m | Reduced -68.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.4m $10.0m | Added +990.2k |
| Long Focus Capital Management, LLC 0.59% of their portfolio | 1.3m $9.2m | Added +23.5k |
| Deep Track Capital, LP 0.27% of their portfolio | 1.2m $8.4m | Added +436.2k |
| Candriam S.C.A. 0.05% of their portfolio | 1.2m $8.1m | Reduced -32.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 1.0m $7.2m | Reduced -178.2k |
| MORGAN STANLEY 0.00% of their portfolio | 1.0m $7.2m | Added +37.3k |
| TYBOURNE CAPITAL MANAGEMENT (HK) LTD 20.00% of their portfolio | 993.7k $6.9m | Added +417.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 830.6k $5.8m | Added +267.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 698.5k $4.8m | Added +572.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 697.3k $4.8m | Added +66.0k |
| Jefferies Financial Group Inc. 0.05% of their portfolio | 461.1k $3.2m | Added +52.2k |
| Woodline Partners LP 0.01% of their portfolio | 362.3k $2.5m | Reduced -1.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 318.4k $2.2m | Added +16.9k |
| PLATINUM INVESTMENT MANAGEMENT LTD 0.13% of their portfolio | 285.4k $2.0m | Reduced -2.2k |
| AXA S.A. 0.01% of their portfolio | 280.2k $1.9m | Reduced -273.5k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.01% of their portfolio | 265.7k $1.8m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 264.3k $1.8m | Reduced -58.5k |
| Palo Alto Investors LP 0.37% of their portfolio | 248.9k $1.7m | Unchanged |
| Eversept Partners, LP 0.15% of their portfolio | 211.5k $1.5m | New |
| Handelsbanken Fonder AB 0.00% of their portfolio | 200.0k $1.4m | Reduced -15.9k |
| TD Asset Management Inc 0.00% of their portfolio | 193.1k $1.3m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 174.9k $1.2m | Added +39.3k |
| PINNACLE ASSOCIATES LTD 0.02% of their portfolio | 172.0k $1.2m | Reduced -42.3k |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.03% of their portfolio | 143.8k $999.4k | Reduced -4.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 140.5k $976.4k | Added +2.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 139.5k $969.3k | Added +9.4k |
| HARBOR CAPITAL ADVISORS, INC. 0.04% of their portfolio | 138.7k $964.0k | Reduced -9.5k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 100.3k $697.0k | New |
| Soleus Capital Management, L.P. 0.05% of their portfolio | 100.0k $695.0k | New |
| Cubist Systematic Strategies, LLC 0.01% of their portfolio | 87.7k $609.6k | Added +40.5k |
| MONIMUS CAPITAL MANAGEMENT, LP 0.48% of their portfolio | 85.2k $592.3k | New |
| MOORE CAPITAL MANAGEMENT, LP 0.01% of their portfolio | 75.0k $521.2k | Added +25.0k |
| Rangeley Capital, LLC 0.65% of their portfolio | 75.0k $521.2k | New |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 70.2k $487.9k | New |
| Nan Fung Group Holdings Ltd 0.76% of their portfolio | 68.9k $479.2k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 66.0k $458.7k | Reduced -19.7k |
| DAFNA Capital Management LLC 0.12% of their portfolio | 64.5k $448.2k | Reduced -16.3k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 56.2k $390.6k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 52.3k $363.2k | Added +27.1k |
| Dynamic Technology Lab Private Ltd 0.04% of their portfolio | 46.0k $320.0k | New |
| Skandinaviska Enskilda Banken AB (publ) 0.00% of their portfolio | 42.7k $296.5k | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 40.4k $280.9k | Added +19.0k |
| Paloma Partners Management Co 0.06% of their portfolio | 39.2k $272.8k | New |
| UBS Group AG 0.00% of their portfolio | 33.4k $232.0k | Reduced -39.3k |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 30.0k $211.0k | Unchanged |
| Man Group plc 0.00% of their portfolio | 28.7k $199.3k | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 27.3k $189.7k | Added +22.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 26.6k $184.6k | New |
| ALPS ADVISORS INC 0.00% of their portfolio | 25.8k $179.0k | New |
| WOODSTOCK CORP 0.02% of their portfolio | 23.9k $166.3k | Reduced -1.1k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.00% of their portfolio | 22.9k $159.2k | Added +4.6k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 22.6k $157.1k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 20.7k $144.0k | Added +2.8k |
| Quadrature Capital Ltd 0.00% of their portfolio | 17.7k $122.9k | New |
| Jump Financial, LLC 0.00% of their portfolio | 16.7k $116.3k | New |
| Engineers Gate Manager LP 0.00% of their portfolio | 15.4k $107.0k | New |
| PORTLAND INVESTMENT COUNSEL INC. 0.03% of their portfolio | 15.0k $108.6k | Unchanged |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 14.4k $100.0k | New |
| Cerity Partners LLC 0.00% of their portfolio | 14.3k $99.7k | Added +1.0k |
| Erste Asset Management GmbH 0.00% of their portfolio | 14.0k $101.4k | Unchanged |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.00% of their portfolio | 13.8k $95.9k | Reduced -604 |
| Graham Capital Management, L.P. 0.00% of their portfolio | 13.1k $91.1k | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 13.1k $90.9k | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 12.3k $85.5k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 11.9k $82.5k | New |
| Crossmark Global Holdings, Inc. 0.00% of their portfolio | 11.4k $79.2k | Reduced -11 |
| Virtus Investment Advisers, LLC 0.03% of their portfolio | 10.8k $75.2k | Added +2.7k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 10.6k $73.9k | Unchanged |
| Ausdal Financial Partners, Inc. 0.00% of their portfolio | 10.0k $69.5k | New |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 9.6k $66.8k | Added +9.5k |
| China Universal Asset Management Co., Ltd. 0.01% of their portfolio | 8.9k $61.6k | Added +33 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 7.6k $53.1k | Added +593 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 4.2k $28.9k | Added +3.1k |
| BARCLAYS PLC 0.00% of their portfolio | 3.5k $24.2k | Added +168 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 3.0k $20.9k | Added +1.7k |
| ASSETMARK, INC 0.00% of their portfolio | 2.1k $14.4k | Added +791 |
| NATIXIS 0.00% of their portfolio | 1.9k $13.9k | Reduced -179 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 1.9k $13.4k | New |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 1.7k $11.8k | Added +241 |
| Caitong International Asset Management Co., Ltd 0.01% of their portfolio | 1.5k $10.5k | Added +1.5k |
| GAMMA Investing LLC 0.00% of their portfolio | 1.5k $10.3k | Added +430 |
| Clearstead Advisors, LLC 0.00% of their portfolio | 1.4k $9.7k | New |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 1.3k $9.0k | Added +1.1k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 1.2k $8.0k | Added +670 |
| GF FUND MANAGEMENT CO. LTD. 0.00% of their portfolio | 1.1k $7.8k | Unchanged |
| Brooklyn Investment Group 0.00% of their portfolio | 923 $6.4k | New |
| CITIGROUP INC 0.00% of their portfolio | 913 $6.3k | Added +224 |
| Manchester Capital Management LLC 0.00% of their portfolio | 590 $4.1k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 530 $3.7k | Reduced -681 |
| HighMark Wealth Management LLC 0.00% of their portfolio | 435 $3.0k | Unchanged |
| FMR LLC 0.00% of their portfolio | 316 $2.2k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 250 $1.8k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 200 $1.4k | New |