DYNE THERAPEUTICS INC DYN
COM · Common Stock · CUSIP 26818M108
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersWaltham, MA
- 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 ($1.5m this quarter). Holder counts are more reliable. Shares outstanding: 142.3m as of 2025-07-25, 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 ≈ $9.53. Options: 5 managers hold calls ($390.0k notional), 5 hold puts ($822.9k).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 102 |
| Q4 2022 | 114 |
| Q1 2023 | 128 |
| Q2 2023 | 119 |
| Q3 2023 | 115 |
| Q4 2023 | 125 |
| Q1 2024 | 170 |
| Q2 2024 | 194 |
| Q3 2024 | 201 |
| Q4 2024 | 201 |
| Q1 2025 | 206 |
| Q2 2025 | 199 |
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 | 57 | 45 |
| Q4 2023 | 64 | 53 |
| Q1 2024 | 131 | 43 |
| Q2 2024 | 124 | 66 |
| Q3 2024 | 113 | 88 |
| Q4 2024 | 98 | 97 |
| Q1 2025 | 127 | 86 |
| Q2 2025 | 117 | 83 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $10.7m | $8.7m | 0.82 |
| Q4 2024 | $3.6m | $10.3m | 2.88 |
| Q1 2025 | $3.4m | $723.8k | 0.21 |
| Q2 2025 | $390.0k | $822.9k | 2.11 |
Biggest buyers
| ADAGE CAPITAL PARTNERS GP, L.L.C. | New | +3.2m |
| Siren, L.L.C. | Added | +2.1m |
| Saturn V Capital Management LP | New | +1.5m |
| MPM BIOIMPACT LLC | New | +1.4m |
| Logos Global Management LP | Added | +1.4m |
| TCG Crossover Management, LLC | Added | +1.1m |
| ROYAL BANK OF CANADA | Added | +749.2k |
| T. Rowe Price Investment Management, Inc. | Added | +625.6k |
| Jain Global LLC | New | +596.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +563.5k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -2.1m |
| Deep Track Capital, LP | Sold out | -2.0m |
| Point72 Asset Management, L.P. | Reduced | -1.4m |
| Vestal Point Capital, LP | Reduced | -1.1m |
| JANUS HENDERSON GROUP PLC | Reduced | -915.5k |
| DEERFIELD MANAGEMENT COMPANY, L.P. | Sold out | -812.4k |
| BAKER BROS. ADVISORS LP | Sold out | -672.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -597.3k |
| Integral Health Asset Management, LLC | Sold out | -450.0k |
| SG Americas Securities, LLC | Reduced | -417.3k |
Biggest calls
| ADAR1 Capital Management, LLC | New | $190.4k20.0k shares |
| CITADEL ADVISORS LLC | Reduced | $157.1k16.5k shares |
| SIMPLEX TRADING, LLC | Added | $32.0k3.4k shares |
| GROUP ONE TRADING LLC | New | $10.5k1.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| JANE STREET GROUP, LLC | New | $548.4k57.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $159.0k16.7k shares |
| SIMPLEX TRADING, LLC | New | $106.0k11.2k shares |
| GROUP ONE TRADING LLC | Reduced | $9.5k1.0k 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 |
|---|---|
| T. Rowe Price Investment Management, Inc. 13G · institution +2.5 pts · filed 2026-05-15 | 18.7% |
| Janus Henderson Group Ltd. 13G · institution -1.0 pts · filed 2026-08-13 | 7.3% |
| BlackRock, Inc. 13G · institution +1.2 pts · filed 2026-07-28 | 7.0% |
| FMR LLC 13G · institution +1.4 pts · filed 2026-08-06 | 6.8% |
Fell to 5% or below in the last year: Atlas Venture Fund XI, L.P. (2.4%, 2026-08-13), VANGUARD GROUP INC (0.0%, 2026-03-26), RA CAPITAL MANAGEMENT, L.P. (0.0%, 2025-11-14)
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 | $333.7k | $13.2k |
| Q4 2023 | 0 | — | 6 | $303.7k | $87.6k |
| Q1 2024 | 1 | $30.0m | 7 | $74.3m | $74.3m |
| Q2 2024 | 0 | — | 5 | $7.0m | $6.9m |
| Q3 2024 | 1 | $1.1m | 6 | $88.1m | $84.0m |
| Q4 2024 | 0 | — | 5 | $15.8m | $4.0m |
| Q1 2025 | 0 | — | 5 | $200.2k | $200.2k |
| Q2 2025 | 0 | — | 3 | $74.1k | $74.1k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-05 | Cox John CEO & President, director | Sold plan | $54.2k4.1k shares |
| 2025-06-05 | Kerr Douglas Chief Medical Officer | Sold plan | $17.9k1.3k shares |
| 2025-06-05 | Friedl-Naderer Johanna Chief Commercial Officer | Sold plan | $1.9k146 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 |
|---|---|---|
| RA CAPITAL MANAGEMENT, L.P. 1.56% of their portfolio | 9.7m $92.5m | Unchanged |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 9.4m $89.9m | Reduced -915.5k |
| Atlas Venture Life Science Advisors, LLC 13.12% of their portfolio | 9.1m $86.9m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 8.1m $76.9m | Added +31.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 7.7m $72.8m | Added +244.8k |
| FCPM III SERVICES B.V. 14.09% of their portfolio | 5.5m $52.0m | Unchanged |
| FMR LLC 0.00% of their portfolio | 5.3m $50.4m | Added +98.1k |
| Siren, L.L.C. 2.38% of their portfolio | 4.8m $46.0m | Added +2.1m |
| TCG Crossover Management, LLC 4.10% of their portfolio | 3.8m $35.9m | Added +1.1m |
| STATE STREET CORP 0.00% of their portfolio | 3.4m $31.9m | Reduced -254.0k |
| BRAIDWELL LP 1.07% of their portfolio | 3.3m $31.2m | Reduced -348.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 3.2m $30.4m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.1m $29.4m | Added +555.5k |
| ARMISTICE CAPITAL, LLC 0.92% of their portfolio | 2.6m $24.4m | Reduced -208.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 2.4m $22.7m | Added +563.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.3m $21.5m | Added +298.2k |
| PERCEPTIVE ADVISORS LLC 0.80% of their portfolio | 2.2m $21.4m | Reduced -66.0k |
| Venrock Adviser, LLC 1.55% of their portfolio | 2.2m $20.7m | Unchanged |
| Logos Global Management LP 2.42% of their portfolio | 1.9m $18.1m | Added +1.4m |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 1.8m $17.1m | Added +625.6k |
| RTW INVESTMENTS, LP 0.23% of their portfolio | 1.7m $16.1m | Unchanged |
| Frazier Life Sciences Management, L.P. 0.57% of their portfolio | 1.5m $14.3m | Added +62.6k |
| Saturn V Capital Management LP 5.62% of their portfolio | 1.5m $13.9m | New |
| MPM BIOIMPACT LLC 2.39% of their portfolio | 1.4m $13.8m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 1.4m $13.2m | Reduced -24.7k |
| MORGAN STANLEY 0.00% of their portfolio | 1.4m $13.0m | Reduced -29.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.3m $12.8m | Added +345.6k |
| Vivo Capital, LLC 1.09% of their portfolio | 1.1m $10.6m | Unchanged |
| ORBIMED ADVISORS LLC 0.25% of their portfolio | 1.0m $9.8m | Added +16.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 943.9k $9.0m | Reduced -2.1m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 841.0k $8.0m | Added +118.6k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 792.0k $7.5m | Added +111.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 791.1k $7.5m | Reduced -597.3k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.07% of their portfolio | 789.4k $7.5m | Added +499.8k |
| ArrowMark Colorado Holdings LLC 0.13% of their portfolio | 770.2k $7.3m | Reduced -127.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 749.9k $7.1m | Added +749.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 745.1k $7.1m | Added +90.9k |
| Nantahala Capital Management, LLC 0.50% of their portfolio | 745.1k $7.1m | Added +400.0k |
| Vestal Point Capital, LP 0.36% of their portfolio | 727.5k $6.9m | Reduced -1.1m |
| MPM ASSET MANAGEMENT LLC 14.99% of their portfolio | 682.4k $6.5m | Unchanged |
| Sofinnova Investments, Inc. 0.40% of their portfolio | 614.9k $5.9m | Reduced -102.0k |
| Jain Global LLC 0.09% of their portfolio | 596.2k $5.7m | New |
| Rock Springs Capital Management LP 0.34% of their portfolio | 581.0k $5.5m | Added +56.5k |
| Woodline Partners LP 0.03% of their portfolio | 574.9k $5.5m | Added +418 |
| ALGERT GLOBAL LLC 0.11% of their portfolio | 558.9k $5.3m | Added +82.9k |
| WASATCH ADVISORS LP 0.03% of their portfolio | 557.9k $5.3m | Added +46.9k |
| Candriam S.C.A. 0.03% of their portfolio | 524.2k $5.0m | Added +60.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 513.8k $4.9m | Added +243.8k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 508.9k $4.8m | Added +221.3k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 488.5k $4.7m | New |
| Aberdeen Group plc 0.01% of their portfolio | 484.0k $4.6m | Added +169.4k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 447.8k $4.3m | New |
| PDT Partners, LLC 0.21% of their portfolio | 385.2k $3.7m | Added +161.1k |
| Ikarian Capital, LLC 1.15% of their portfolio | 363.8k $3.5m | Added +5.0k |
| Trexquant Investment LP 0.04% of their portfolio | 362.3k $3.4m | Added +27.9k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 333.5k $3.2m | Added +187.2k |
| BARCLAYS PLC 0.00% of their portfolio | 320.5k $3.1m | Added +89.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 318.7k $3.0m | Added +989 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 293.6k $2.8m | Added +135.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 285.0k $2.7m | Added +78.0k |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 278.4k $2.7m | Added +162.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 277.3k $2.6m | Added +129.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 269.7k $2.6m | Added +37.0k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 266.1k $2.5m | Added +245.9k |
| Palo Alto Investors LP 0.54% of their portfolio | 265.0k $2.5m | Reduced -68.4k |
| SPHERA FUNDS MANAGEMENT LTD. 0.55% of their portfolio | 221.4k $2.1m | Reduced -107.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 205.6k $2.0m | Reduced -37.2k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 200.3k $1.9m | New |
| Nuveen, LLC 0.00% of their portfolio | 199.8k $1.9m | Reduced -23.4k |
| TWINBEECH CAPITAL LP 0.04% of their portfolio | 197.1k $1.9m | Added +138.6k |
| Exome Asset Management LLC 1.59% of their portfolio | 195.9k $1.9m | Reduced -62.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 186.0k $1.8m | Added +31.7k |
| Squarepoint Ops LLC 0.00% of their portfolio | 181.7k $1.7m | Added +139.9k |
| Darwin Wealth Management, LLC 0.57% of their portfolio | 172.7k $1.6m | Added +120.6k |
| Engineers Gate Manager LP 0.02% of their portfolio | 172.5k $1.6m | Added +87.6k |
| AXA S.A. 0.00% of their portfolio | 162.7k $1.5m | Reduced -89.1k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 154.5k $1.5m | Added +20.9k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 142.7k $1.4m | Added +64.5k |
| Swiss National Bank 0.00% of their portfolio | 140.4k $1.3m | Added +22.1k |
| Tetragon Partners GP Ltd 0.24% of their portfolio | 138.4k $1.3m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 129.0k $1.2m | Added +12.0k |
| Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio | 124.6k $1.2m | Added +44.0k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 123.3k $1.2m | Reduced -1.4m |
| UBS Group AG 0.00% of their portfolio | 121.8k $1.2m | Reduced -236.0k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.04% of their portfolio | 120.1k $1.1m | Added +5.0k |
| SummitTX Capital, L.P. 0.05% of their portfolio | 119.0k $1.1m | Reduced -10.9k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 115.8k $1.1m | Added +23.1k |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 110.2k $1.0m | Reduced -37.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 101.6k $967.3k | Added +48.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 98.2k $935.2k | Reduced -69.4k |
| Invesco Ltd. 0.00% of their portfolio | 82.1k $782.0k | Added +15.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 79.4k $755.5k | Added +10.7k |
| Legal & General Group Plc 0.00% of their portfolio | 78.5k $747.6k | Added +10.1k |
| COMERICA BANK 0.00% of their portfolio | 75.3k $717.2k | Added +34.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 66.4k $632.3k | Added +7.0k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 66.0k $628.6k | Reduced -11.3k |
| CITIGROUP INC 0.00% of their portfolio | 61.5k $585.7k | Reduced -133.4k |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 60.0k $1.9m | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 56.8k $541.2k | Added +8.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 56.8k $541.1k | Added +344 |