BIOCRYST PHARMACEUTICALS INC BCRX
COM · Common Stock · CUSIP 09058V103
American pharmaceutical company
- SectorHealth care
- IndustryBiological Products, (No Diagnostic Substances)
- HeadquartersDurham, NC
- Founded1986
- Websitebiocryst.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 ($1.7m this quarter). Holder counts are more reliable. Shares outstanding: 210.5m as of 2025-10-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $7.80. Options: 9 managers hold calls ($12.0m notional), 10 hold puts ($7.3m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 234 |
| Q4 2022 | 230 |
| Q1 2023 | 243 |
| Q2 2023 | 237 |
| Q3 2023 | 234 |
| Q4 2023 | 235 |
| Q1 2024 | 238 |
| Q2 2024 | 243 |
| Q3 2024 | 258 |
| Q4 2024 | 259 |
| Q1 2025 | 276 |
| Q2 2025 | 295 |
| Q3 2025 | 286 |
| Q4 2025 | 273 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 114 | 98 |
| Q2 2024 | 123 | 105 |
| Q3 2024 | 127 | 109 |
| Q4 2024 | 99 | 122 |
| Q1 2025 | 146 | 94 |
| Q2 2025 | 163 | 116 |
| Q3 2025 | 131 | 143 |
| Q4 2025 | 135 | 158 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $9.6m | $4.8m | 0.50 |
| Q2 2025 | $12.7m | $6.5m | 0.51 |
| Q3 2025 | $6.8m | $4.9m | 0.72 |
| Q4 2025 | $12.0m | $7.3m | 0.61 |
Biggest buyers
| RA CAPITAL MANAGEMENT, L.P. | New | +15.8m |
| JANUS HENDERSON GROUP PLC | Added | +7.3m |
| PERCEPTIVE ADVISORS LLC | New | +3.2m |
| BAKER BROS. ADVISORS LP | New | +2.8m |
| Vestal Point Capital, LP | New | +2.2m |
| DEERFIELD MANAGEMENT COMPANY, L.P. | Added | +2.2m |
| Eversept Partners, LP | Added | +1.6m |
| Nantahala Capital Management, LLC | New | +1.4m |
| STATE STREET CORP | Added | +1.3m |
| DIMENSIONAL FUND ADVISORS LP | New | +1.2m |
Biggest sellers
| ALKEON CAPITAL MANAGEMENT LLC | Sold out | -5.5m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -5.2m |
| Hood River Capital Management LLC | Sold out | -3.6m |
| MORGAN STANLEY | Reduced | -3.5m |
| Assenagon Asset Management S.A. | Reduced | -2.7m |
| JPMORGAN CHASE & CO | Reduced | -1.4m |
| Avoro Capital Advisors LLC | Sold out | -1.2m |
| JANE STREET GROUP, LLC | Reduced | -1.2m |
| SEGALL BRYANT & HAMILL, LLC | Sold out | -1.1m |
| JUPITER ASSET MANAGEMENT LTD | Reduced | -858.3k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $4.2m540.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.6m456.4k shares |
| GROUP ONE TRADING LLC | Added | $2.6m331.3k shares |
| CITADEL ADVISORS LLC | Added | $636.5k81.6k shares |
| Caption Management, LLC | Added | $390.0k50.0k shares |
| NOMURA HOLDINGS INC | New | $319.8k41.0k shares |
| Walleye Capital LLC | New | $302.6k38.8k shares |
| Walleye Trading LLC | New | $25.7k3.3k shares |
| CITIGROUP INC | New | $1.6k200 shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $2.8m358.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.6m200.3k shares |
| CITADEL ADVISORS LLC | Added | $1.0m131.7k shares |
| GROUP ONE TRADING LLC | Added | $476.6k61.1k shares |
| Caption Management, LLC | New | $390.0k50.0k shares |
| Walleye Capital LLC | New | $366.6k47.0k shares |
| NOMURA HOLDINGS INC | New | $319.8k41.0k shares |
| Walleye Trading LLC | New | $313.6k40.2k shares |
| UBS Group AG | Unchanged | $62.4k8.0k shares |
| CITIGROUP INC | New | $1.6k200 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 8.4% |
| Flynn James E 13G · passive investor +1.0 pts · filed 2026-02-12 | 6.8% |
| RA CAPITAL MANAGEMENT, L.P. 13G · passive investor -1.1 pts · filed 2026-08-14 | 6.2% |
| STATE STREET CORP 13G · institution +1.1 pts · filed 2026-08-07 | 6.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 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 |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 10 | $1.0m | 3 | $123.4k | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $52.8k | $52.8k |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $595.7k | — |
| Q4 2025 | 0 | — | 2 | $1.6m | $1.6m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-22 | Barnes Alane P Chief Legal Officer | Sold plan | $166.6k21.8k shares |
| 2025-12-15 | Barnes Alane P Chief Legal Officer | Sold plan | $162.3k21.2k shares |
| 2025-12-03 | Barnes Alane P Chief Legal Officer | Sold plan | $151.2k19.8k shares |
| 2025-12-02 | Barnes Alane P Chief Legal Officer | Sold plan | $367.0k50.9k shares |
| 2025-12-01 | Barnes Alane P Chief Legal Officer | Sold plan | $646.1k91.0k shares |
| 2025-11-13 | SANDERS MACHELLE Director | Sold plan | $68.5k9.6k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 22.3m $173.7m | Added +482.5k |
| BlackRock, Inc. 0.00% of their portfolio | 21.1m $164.9m | Reduced -108.1k |
| RA CAPITAL MANAGEMENT, L.P. 1.26% of their portfolio | 15.8m $123.5m | New |
| DEERFIELD MANAGEMENT COMPANY, L.P. 1.43% of their portfolio | 14.3m $111.9m | Added +2.2m |
| STATE STREET CORP 0.00% of their portfolio | 11.1m $86.4m | Added +1.3m |
| Kynam Capital Management, LP 4.76% of their portfolio | 9.4m $73.1m | Reduced -23.7k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 7.4m $57.8m | Added +7.3m |
| UBS Group AG 0.01% of their portfolio | 5.3m $41.1m | Reduced -703.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 5.1m $39.4m | Added +1.5k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 4.5m $35.2m | Added +95.7k |
| TWO SIGMA ADVISERS, LP 0.06% of their portfolio | 4.1m $31.9m | Reduced -151.6k |
| Royalty Pharma Sub-Manager, LLC 17.51% of their portfolio | 3.8m $30.0m | First filing |
| Nuveen, LLC 0.01% of their portfolio | 3.6m $28.2m | Reduced -5.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 3.2m $25.1m | Added +501.0k |
| PERCEPTIVE ADVISORS LLC 0.45% of their portfolio | 3.2m $24.7m | New |
| GW&K Investment Management, LLC 0.21% of their portfolio | 3.2m $24.7m | Added +963.2k |
| Eversept Partners, LP 1.31% of their portfolio | 3.0m $23.3m | Added +1.6m |
| BAKER BROS. ADVISORS LP 0.13% of their portfolio | 2.8m $22.0m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 2.5m $19.8m | Added +448.4k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 2.5m $19.2m | Reduced -165.1k |
| Vestal Point Capital, LP 0.64% of their portfolio | 2.2m $17.6m | New |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 2.2m $16.9m | Reduced -246.2k |
| Elmind Capital, LP 4.95% of their portfolio | 2.1m $16.8m | First filing |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 2.1m $16.6m | Reduced -11.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 2.0m $15.6m | Added +10.5k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.82% of their portfolio | 1.9m $14.9m | Added +23.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.9m $14.5m | Reduced -35.1k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 1.8m $14.2m | Added +1.5k |
| MORGAN STANLEY 0.00% of their portfolio | 1.7m $13.6m | Reduced -3.5m |
| ORBIMED ADVISORS LLC 0.28% of their portfolio | 1.7m $13.6m | Added +840.3k |
| Squarepoint Ops LLC 0.03% of their portfolio | 1.7m $12.9m | Added +550.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.5m $12.0m | Reduced -367.3k |
| Nantahala Capital Management, LLC 0.63% of their portfolio | 1.4m $10.6m | New |
| Invesco Ltd. 0.00% of their portfolio | 1.4m $10.6m | Added +392.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.3m $10.1m | Reduced -61.0k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.2m $9.7m | Reduced -461.9k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.2m $9.6m | New |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 1.2m $9.5m | Added +975.4k |
| JUPITER ASSET MANAGEMENT LTD 0.07% of their portfolio | 1.2m $9.3m | Reduced -858.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.03% of their portfolio | 1.0m $8.0m | Added +661.0k |
| Hudson Bay Capital Management LP 0.05% of their portfolio | 1.0m $7.9m | New |
| Aberdeen Group plc 0.01% of their portfolio | 913.6k $7.1m | New |
| Jump Financial, LLC 0.09% of their portfolio | 910.9k $7.1m | Reduced -13.8k |
| Parkman Healthcare Partners LLC 0.67% of their portfolio | 900.1k $7.0m | Reduced -112.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 843.4k $6.6m | Reduced -1.4m |
| SPHERA FUNDS MANAGEMENT LTD. 1.37% of their portfolio | 837.9k $6.5m | New |
| TANG CAPITAL MANAGEMENT LLC 0.31% of their portfolio | 800.0k $6.2m | Unchanged |
| Susquehanna Portfolio Strategies, LLC 0.09% of their portfolio | 778.5k $6.1m | New |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 740.5k $5.7m | Reduced -455.8k |
| BARCLAYS PLC 0.00% of their portfolio | 726.4k $5.7m | Reduced -55.9k |
| HRT FINANCIAL LP 0.02% of their portfolio | 716.8k $5.6m | Added +658.9k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 704.3k $5.5m | Reduced -295.5k |
| PDT Partners, LLC 0.35% of their portfolio | 683.4k $5.3m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 671.7k $5.2m | Added +425.9k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 649.4k $5.1m | Reduced -1.2m |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 625.5k $4.9m | Added +169.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 608.0k $4.7m | Reduced -12.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 570.2k $4.4m | Added +104.9k |
| FMR LLC 0.00% of their portfolio | 560.2k $4.4m | Reduced -93.6k |
| Hillsdale Investment Management Inc. 0.12% of their portfolio | 559.1k $4.4m | Reduced -2.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 491.1k $3.8m | Reduced -577.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 449.7k $3.5m | Reduced -507.3k |
| DAFNA Capital Management LLC 0.76% of their portfolio | 418.3k $3.3m | Added +200.0k |
| Man Group plc 0.01% of their portfolio | 407.9k $3.2m | Added +53.4k |
| Swiss National Bank 0.00% of their portfolio | 394.4k $3.1m | Added +9.0k |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 382.6k $3.0m | Added +13.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 378.9k $3.0m | Reduced -15.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 376.6k $2.9m | Added +132.2k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 375.0k $2.9m | Reduced -360.0k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 359.6k $2.8m | Reduced -2.7m |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 357.1k $2.8m | Reduced -491.5k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 355.1k $2.6m | Added +45.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 347.2k $2.7m | Reduced -28.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 327.9k $2.6m | Added +97.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 325.1k $2.5m | Added +265.6k |
| Ishara Investments LP 2.72% of their portfolio | 300.0k $2.3m | First filing |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 292.9k $2.3m | Added +27.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 278.2k $2.2m | Reduced -143 |
| DOLIVER ADVISORS, LP 0.54% of their portfolio | 274.3k $2.1m | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 266.6k $2.1m | Reduced -60.3k |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.48% of their portfolio | 252.0k $2.0m | Added +42.0k |
| Walleye Capital LLC 0.01% of their portfolio | 251.7k $2.0m | Added +24.6k |
| Phocas Financial Corp. 0.25% of their portfolio | 250.8k $2.0m | New |
| Bridgewater Associates, LP 0.01% of their portfolio | 235.6k $1.8m | Reduced -175.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 233.6k $1.8m | Added +100.6k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 233.4k $1.8m | Added +120.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 229.2k $1.8m | Reduced -85.3k |
| Engineers Gate Manager LP 0.02% of their portfolio | 224.5k $1.8m | Reduced -218.3k |
| Gotham Asset Management, LLC 0.01% of their portfolio | 216.9k $1.7m | Reduced -126.8k |
| Legal & General Group Plc 0.00% of their portfolio | 211.0k $1.6m | Reduced -15.2k |
| Integral Health Asset Management, LLC 0.08% of their portfolio | 200.0k $1.6m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 191.8k $1.5m | Added +9.4k |
| DIADEMA PARTNERS LP 0.89% of their portfolio | 190.9k $1.5m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 177.4k $1.4m | Added +16.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 161.5k $1.3m | Reduced -24.0k |
| QTR Family Wealth, LLC 0.44% of their portfolio | 154.1k $1.0m | Reduced -3.1k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 150.7k $1.2m | Added +21.4k |
| PROFUND ADVISORS LLC 0.03% of their portfolio | 142.0k $1.1m | Added +62.0k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 141.4k $1.1m | Reduced -25.4k |
| Corient Private Wealth LP 0.00% of their portfolio | 140.8k $1.1m | Added +70.0k |