Vault-13

CUTERA INC CUTR

COM · Common Stock · CUSIP 232109108

119 institutional holders -20 vs Q1 2023
22,246,86322.2m shares reported held*
$337.5mreported value*
33 new 33 added 37 reduced 53 sold out net sold ≈ $67.0m (-4.4m 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. Holder counts are more reliable. Implied quarter-end price ≈ $15.17. Options: 6 managers hold calls ($3.8m notional), 7 hold puts ($2.1m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 181Q4 22: 180Q1 23: 139Q2 23: 119119Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022181
Q4 2022180
Q1 2023139
Q2 2023119

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 84 bought or addedQ4 22: 84 cut or sold outQ4 22Q1 23: 70 bought or addedQ1 23: 100 cut or sold outQ1 23Q2 23: 66 bought or addedQ2 23: 90 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20228484
Q1 202370100
Q2 20236690

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 22 calls: $5.9mQ3 22 puts: $7.0mQ3 22P/C 1.20Q4 22 calls: $11.4mQ4 22 puts: $11.5mQ4 22P/C 1.01Q1 23 calls: $5.0mQ1 23 puts: $13.3mQ1 23P/C 2.66Q2 23 calls: $3.8mQ2 23 puts: $2.1mQ2 23P/C 0.55
Numbers
QuarterCallsPutsP/C
Q3 2022$5.9m$7.0m1.20
Q4 2022$11.4m$11.5m1.01
Q1 2023$5.0m$13.3m2.66
Q2 2023$3.8m$2.1m0.55

Biggest buyers

Point72 Asset Management, L.P. New +970,092+970.1k
HAWK RIDGE CAPITAL MANAGEMENT LP New +423,900+423.9k
BANK OF MONTREAL /CAN/ Added +392,075+392.1k
ORBIMED ADVISORS LLC New +387,100+387.1k
MARSHALL WACE, LLP Added +367,048+367.0k
Polar Asset Management Partners Inc. New +274,000+274.0k
VOLORIDGE INVESTMENT MANAGEMENT, LLC New +246,718+246.7k
Kerrisdale Advisers, LLC New +223,171+223.2k
Ergoteles LLC New +222,238+222.2k
MILLENNIUM MANAGEMENT LLC Added +209,965+210.0k

Biggest sellers

FMR LLC Reduced -2,902,998-2.9m
BlackRock Inc. Reduced -1,487,658-1.5m
Iron Triangle Partners LP Sold out -600,000-600.0k
PARADIGM CAPITAL MANAGEMENT INC/NY Sold out -535,700-535.7k
INTRINSIC EDGE CAPITAL MANAGEMENT LLC Sold out -428,849-428.8k
Voce Capital Management LLC Reduced -378,594-378.6k
EMERALD ADVISERS, LLC Sold out -328,858-328.9k
VANGUARD GROUP INC Reduced -287,191-287.2k
CITADEL ADVISORS LLC Reduced -276,096-276.1k
EMERALD MUTUAL FUND ADVISERS TRUST Sold out -265,184-265.2k

Biggest calls

PURA VIDA INVESTMENTS, LLC New $2.0m129.1k shares
MILLENNIUM MANAGEMENT LLC New $1.2m80.0k shares
Jefferies Financial Group Inc. New $378.2k25.0k shares
CITADEL ADVISORS LLC Added $210.3k13.9k shares
GROUP ONE TRADING LLC Reduced $24.2k1.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $900.2k59.5k shares
WOLVERINE ASSET MANAGEMENT LLC Added $437.3k28.9k shares
SIMPLEX TRADING, LLC Reduced $310.0k20.5k shares
CITADEL ADVISORS LLC Reduced $245.1k16.2k shares
JANE STREET GROUP, LLC Reduced $154.3k10.2k shares
GROUP ONE TRADING LLC Reduced $24.2k1.6k 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.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RTW INVESTMENTS, LP 0.53% of their portfolio NEW YORK, NY 1,846,5961.8m $27.9m $27.9m 0.53% Unchanged
2 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 1,448,9101.4m $21.9m $21.9m 0.02% Added +210.0k +209,965
3 PURA VIDA INVESTMENTS, LLC 7.94% of their portfolio NEW YORK, NY 1,263,6021.3m $19.1m $19.1m 7.94% Added +43.2k +43,227
4 BlackRock Inc. 0.00% of their portfolio New York, NY 1,255,4621.3m $19.0m $19.0m 0.00% Reduced -1.5m -1,487,658
5 GAMCO INVESTORS, INC. ET AL 0.18% of their portfolio GREENWICH, CT 1,137,6061.1m $17.2m $17.2m 0.18% Added +14.5k +14,473
6 Point72 Asset Management, L.P. 0.05% of their portfolio STAMFORD, CT 970,092970.1k $14.7m $14.7m 0.05% New
7 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 956,984957.0k $14.5m $14.5m 0.00% Reduced -287.2k -287,191
8 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 909,972910.0k $13.8m $13.8m 0.03% Added +367.0k +367,048
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 835,998836.0k $12.6m $12.6m 0.00% Added +36.3k +36,252
10 Voce Capital Management LLC 21.77% of their portfolio San Francisco, CA 831,630831.6k $12.6m $12.6m 21.77% Reduced -378.6k -378,594
11 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 664,035664.0k $11.0m $11.0m 0.00% Added +392.1k +392,075
12 First Light Asset Management, LLC 0.68% of their portfolio Edina, MN 570,729570.7k $8.6m $8.6m 0.68% Added +861 +861
13 COWEN AND COMPANY, LLC 0.69% of their portfolio NEW YORK, NY 548,868548.9k $8.3m $8.3m 0.69% Added +57.4k +57,356
14 GABELLI FUNDS LLC 0.05% of their portfolio Rye, NY 454,100454.1k $6.9m $6.9m 0.05% Added +4.3k +4,300
15 HAWK RIDGE CAPITAL MANAGEMENT LP 0.34% of their portfolio LOS ANGELES, CA 423,900423.9k $6.4m $6.4m 0.34% New
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 408,185408.2k $6.2m $6.2m 0.00% Reduced -50.9k -50,923
17 NOMURA HOLDINGS INC 0.06% of their portfolio TOKYO, M0 400,816400.8k $6.1m $6.1m 0.06% Reduced -11.8k -11,789
18 ORBIMED ADVISORS LLC 0.11% of their portfolio New York, NY 387,100387.1k $5.9m $5.9m 0.11% New
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 378,413378.4k $5.7m $5.7m 0.00% Reduced -179.9k -179,921
20 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 359,087359.1k $5.4m $5.4m 0.01% Added +63.7k +63,700
21 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 358,606358.6k $5.4m $5.4m 0.01% Added +154.0k +153,951
22 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 346,037346.0k $5.2m $5.2m 0.00% Added +14.9k +14,914
23 Divisadero Street Capital Management, LP 1.27% of their portfolio MIAMI, FL 281,684281.7k $4.3m $4.3m 1.27% Added +126.7k +126,684
24 Polar Asset Management Partners Inc. 0.08% of their portfolio TORONTO, A6 274,000274.0k $4.1m $4.1m 0.08% New
25 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio JUPITER, FL 246,718246.7k $3.7m $3.7m 0.02% New
26 BOOTHBAY FUND MANAGEMENT, LLC 0.11% of their portfolio NEW YORK, NY 238,079238.1k $3.6m $3.6m 0.11% Reduced -4.1k -4,064
27 Teton Advisors, Inc. 0.96% of their portfolio Rye, NY 228,660228.7k $3.5m $3.5m 0.96% Unchanged
28 Kerrisdale Advisers, LLC 0.91% of their portfolio Miami, FL 223,171223.2k $3.4m $3.4m 0.91% New
29 Ergoteles LLC 0.16% of their portfolio NEW YORK, NY 222,238222.2k $3.4m $3.4m 0.16% New
30 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 206,089206.1k $3.1m $3.1m 0.00% Added +27.0k +27,006
31 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 200,134200.1k $3.0m $3.0m 0.00% Reduced -276.1k -276,096
32 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 192,298192.3k $2.9m $2.9m 0.00% Added +23.5k +23,500
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 187,715187.7k $2.8m $2.8m 0.00% Reduced -5.7k -5,726
34 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 177,517177.5k $2.7m $2.7m 0.01% Added +123.3k +123,334
35 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 172,218172.2k $2.6m $2.6m 0.00% Reduced -18.7k -18,717
36 ROYCE & ASSOCIATES LP 0.02% of their portfolio New York, NY 168,250168.2k $2.5m $2.5m 0.02% Reduced -62.4k -62,400
37 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 148,262148.3k $2.2m $2.2m 0.00% Added +33.8k +33,799
38 ESSEX INVESTMENT MANAGEMENT CO LLC 0.31% of their portfolio BOSTON, MA 144,538144.5k $2.2m $2.2m 0.31% Added +122 +122
39 Acuitas Investments, LLC 1.20% of their portfolio Seattle, WA 135,700135.7k $2.1m $2.1m 1.20% New
40 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 129,917129.9k $2.0m $2.0m 0.00% Reduced -26.6k -26,600
41 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 125,637125.6k $1.9m $1.9m 0.00% Added +71.6k +71,642
42 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 119,401119.4k $1.8m $1.8m 0.00% Added +41.6k +41,586
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 110,142110.1k $1.7m $1.7m 0.00% Reduced -26.9k -26,939
44 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 109,189109.2k $1.7m $1.7m 0.00% Added +58.6k +58,626
45 Oasis Management Co Ltd. 0.57% of their portfolio GRAND CAYMAN, E9 107,211107.2k $1.6m $1.6m 0.57% New
46 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 91,83891.8k $1.4m $1.4m 0.00% New
47 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 76,81376.8k $1.2m $1.2m 0.00% Reduced -47.4k -47,389
48 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 71,60271.6k $1.1m $1.1m 0.00% Reduced -72.6k -72,628
49 FORMULA GROWTH LTD 0.31% of their portfolio MONTREAL, A8 63,46063.5k $960.1k $960.1k 0.31% New
50 ALPS ADVISORS INC 0.01% of their portfolio Denver, CO 59,57459.6k $901.4k $901.4k 0.01% Added +21.6k +21,566
51 GREENWOOD CAPITAL ASSOCIATES LLC 0.12% of their portfolio GREENWOOD, SC 55,89355.9k $845.7k $845.7k 0.12% Added +18.9k +18,913
52 Man Group plc 0.00% of their portfolio LONDON, X0 55,40055.4k $838.2k $838.2k 0.00% New
53 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 47,28747.3k $715.5k $715.5k 0.00% Reduced -16.7k -16,695
54 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 46,04746.0k $696.7k $696.7k 0.00% Reduced -1.2k -1,188
55 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 42,98643.0k $650.4k $650.4k 0.01% Reduced -4.0k -4,008
56 KENNEDY CAPITAL MANAGEMENT LLC 0.02% of their portfolio ST LOUIS, MO 42,64242.6k $645.2k $645.2k 0.02% Reduced -45.6k -45,640
57 Legato Capital Management LLC 0.08% of their portfolio San Francisco, CA 40,67640.7k $615.4k $615.4k 0.08% Added +10.8k +10,767
58 Apis Capital Advisors, LLC 0.61% of their portfolio New York, NY 40,00040.0k $605.2k $605.2k 0.61% New
59 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 35,00035.0k $529.5k $529.5k 0.01% New
60 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 34,19234.2k $517.3k $517.3k 0.00% Added +16.6k +16,592
61 Jump Financial, LLC 0.02% of their portfolio Chicago, IL 32,78332.8k $496.0k $496.0k 0.02% New
62 Swiss National Bank 0.00% of their portfolio ZURICH, V8 30,20030.2k $456.9k $456.9k 0.00% Reduced -3.7k -3,700
63 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 29,34929.3k $444.1k $444.1k 0.00% Reduced -21.5k -21,526
64 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 27,79327.8k $420.5k $420.5k 0.01% Added +27.1k +27,150
65 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 27,54227.5k $416.7k $416.7k 0.00% Reduced -62.1k -62,150
66 Diametric Capital, LP 0.16% of their portfolio BOSTON, MA 24,18124.2k $365.9k $365.9k 0.16% New
67 OCCUDO QUANTITATIVE STRATEGIES LP 0.04% of their portfolio FORT LAUDERDALE, FL 23,84623.8k $360.8k $360.8k 0.04% New
68 Bridgewater Associates, LP 0.00% of their portfolio Westport, CT 20,72820.7k $313.6k $313.6k 0.00% Reduced -889 -889
69 XTX Topco Ltd 0.05% of their portfolio LONDON, X0 18,16718.2k $274.9k $274.9k 0.05% New
70 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 17,72817.7k $268.2k $268.2k 0.00% Reduced -2.2k -2,228
71 Nebula Research & Development LLC 0.20% of their portfolio New York, NY 17,20717.2k $260.3k $260.3k 0.20% New
72 Cannon Global Investment Management, LLC 1.30% of their portfolio DAVIE, FL 16,50016.5k $249.6k $249.6k 1.30% New
73 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 15,75015.8k $238.3k $238.3k 0.00% Reduced -340 -340
74 Graham Capital Management, L.P. 0.01% of their portfolio ROWAYTON, CT 14,75514.8k $223.2k $223.2k 0.01% New
75 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 13,35113.4k $202.0k $202.0k 0.00% New
76 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 13,16713.2k $199.2k $199.2k 0.00% Reduced -38.2k -38,183
77 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 13,03013.0k $197.1k $197.1k 0.00% Reduced -580 -580
78 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 12,52812.5k $189.5k $189.5k 0.00% Added +11.2k +11,197
79 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 12,34612.3k $186.0k $186.0k 0.01% Reduced -37.1k -37,148
80 Aigen Investment Management, LP 0.03% of their portfolio NEW YORK, NY 12,15912.2k $184.0k $184.0k 0.03% New
81 UBS Group AG 0.00% of their portfolio ZURICH, V8 12,07012.1k $182.6k $182.6k 0.00% Added +10.9k +10,857
82 Bridgefront Capital, LLC 0.09% of their portfolio AUSTIN, TX 11,43511.4k $173.0k $173.0k 0.09% New
83 FOX RUN MANAGEMENT, L.L.C. 0.04% of their portfolio GREENWICH, CT 10,52310.5k $159.2k $159.2k 0.04% New
84 Quantbot Technologies LP 0.01% of their portfolio NEW YORK, NY 10,32010.3k $156.1k $156.1k 0.01% Reduced -9.7k -9,703
85 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 10,07810.1k $154.0k $154.0k 0.00% Reduced -6.3k -6,305
86 NJ State Employees Deferred Compensation Plan 0.02% of their portfolio TRENTON, NJ 10,00010.0k $151.3k $151.3k 0.02% Unchanged
87 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 8,7168.7k $131.9k $131.9k 0.00% Added +116 +116
88 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 8,1918.2k $123.9k $123.9k 0.00% Unchanged
89 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 8,0218.0k $121.4k $121.4k 0.00% Reduced -1.1k -1,118
90 Legal & General Group Plc 0.00% of their portfolio London, X0 7,6257.6k $115.4k $115.4k 0.00% Reduced -34.4k -34,378
91 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 7,6007.6k $115.0k $115.0k 0.00% New
92 State of Tennessee, Department of Treasury 0.00% of their portfolio NASHVILLE, TN 6,0656.1k $91.8k $91.8k 0.00% Unchanged
93 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,9165.9k $89.5k $89.5k 0.00% Added +339 +339
94 FMR LLC 0.00% of their portfolio BOSTON, MA 5,3805.4k $81.4k $81.4k 0.00% Reduced -2.9m -2,902,998
95 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 4,3114.3k $65.2k $65.2k 0.00% Reduced -3.0k -3,028
96 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 3,1373.1k $47.5k $47.5k 0.00% Unchanged
97 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 2,5052.5k $37.9k $37.9k 0.00% New
98 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 2,2282.2k $33.7k $33.7k 0.00% New
99 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 1,7901.8k $27.0k $27.0k 0.00% Reduced -6.2k -6,181
100 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 1,6211.6k $24.5k $24.5k 0.00% New