GALAPAGOS NV LKFT
SPON ADR · ADR · CUSIP 36315X101 · ISIN US36315X1019
Belgian pharmaceutical company
* 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 ≈ $29.96. Options: 0 managers hold calls (— notional), 3 hold puts ($15.8m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 85 |
| Q4 2022 | 75 |
| Q1 2023 | 77 |
| Q2 2023 | 77 |
| Q3 2023 | 74 |
| Q4 2023 | 89 |
| Q1 2024 | 84 |
| Q2 2024 | 86 |
| Q3 2024 | 80 |
| Q4 2024 | 83 |
| Q1 2025 | 85 |
| Q2 2025 | 86 |
| Q3 2025 | 92 |
| Q4 2025 | 91 |
| Q1 2026 | 90 |
| Q2 2026 | 77 |
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 2024 | 34 | 40 |
| Q4 2024 | 33 | 34 |
| Q1 2025 | 39 | 44 |
| Q2 2025 | 46 | 43 |
| Q3 2025 | 48 | 39 |
| Q4 2025 | 40 | 49 |
| Q1 2026 | 49 | 42 |
| Q2 2026 | 34 | 49 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.3m | $1.4m | 0.61 |
| Q4 2025 | $794.6k | $19.6k | 0.02 |
| Q1 2026 | $303.0k | $16.2m | 53.32 |
| Q2 2026 | $0 | $15.8m | — |
Biggest buyers
| Madison Avenue Partners, LP | Added | +982.6k |
| Prosight Management, LP | Added | +493.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +138.5k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +92.4k |
| MILLENNIUM MANAGEMENT LLC | Added | +73.2k |
| TWO SIGMA INVESTMENTS, LP | Added | +55.9k |
| Schonfeld Strategic Advisors LLC | New | +32.6k |
| MARSHALL WACE, LLP | New | +32.4k |
| BlackRock, Inc. | Added | +26.0k |
| GROUP ONE TRADING LLC | Added | +12.5k |
Biggest sellers
| SEGALL BRYANT & HAMILL, LLC | Sold out | -426.4k |
| AMERIPRISE FINANCIAL INC | Reduced | -152.4k |
| OLD MISSION CAPITAL LLC | Sold out | -95.6k |
| Man Group plc | Sold out | -80.2k |
| Hudson Bay Capital Management LP | Sold out | -77.5k |
| Tower Research Capital LLC (TRC) | Reduced | -65.7k |
| Point72 Asset Management, L.P. | Reduced | -62.3k |
| CITADEL ADVISORS LLC | Reduced | -36.1k |
| HRT FINANCIAL LP | Reduced | -27.8k |
| Optiver Holding B.V. | Sold out | -26.5k |
Biggest calls
| None |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.5m449.1k shares |
| GROUP ONE TRADING LLC | Unchanged | $1.6m51.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $749.5k25.0k 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 |
|---|---|
GILEAD SCIENCES, INC.
13D · may seek influence
filed 2025-01-10
Stated purposeItem 4 is hereby amended and supplemented with the addition of the following: Separation Agreement On January 7, 2025, the Issuer and the Reporting Persons entered into the Separation Agreement, pursuant to which and subject to the terms and conditions set forth therein, the Issuer shall separate certain assets and liabilities into a new entity ("SpinCo") through a partial demerger in the sense of Article 12:8, 1deg of the Belgian Companies and Associations Code ("een met splitsinggelijkgesteldeverrichting / uneoperationassimilee a la scission"), following which the existing shareholders of the Issuer shall receive shares in SpinCo in the same proportion as their respective shareholdings in the Issuer (such transaction, the "Separation"). In the Separation, the Warrant held by the Repor… Full filing |
29.9% |
EcoR1 Capital, LLC
13D · may seek influence
+1.4 pts · filed 2025-07-28
Stated purposeNo amendment to this Item is being made. Full filing |
13.2% |
| TANG CAPITAL MANAGEMENT LLC 13G · passive investor +0.9 pts · filed 2025-10-29 | 8.4% |
| Madison Avenue Partners, LP 13G · passive investor new · filed 2026-06-23 | 5.5% |
Insider purchases and sales since 1 Apr 2026
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.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| GILEAD SCIENCES, INC. 30.34% of their portfolio | 16.7m $500.2m | Unchanged |
| TANG CAPITAL MANAGEMENT LLC 5.16% of their portfolio | 3.8m $113.5m | Unchanged |
| Madison Avenue Partners, LP 4.45% of their portfolio | 3.4m $103.4m | Added +982.6k |
| Prosight Management, LP 10.56% of their portfolio | 2.0m $61.3m | Added +493.3k |
| EcoR1 Capital, LLC 2.48% of their portfolio | 1.7m $50.0m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.3m $38.1m | Reduced -152.4k |
| DME Capital Management, LP 0.37% of their portfolio | 482.7k $14.5m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 407.8k $12.2m | Added +92.4k |
| BlackRock, Inc. 0.00% of their portfolio | 338.2k $10.1m | Added +26.0k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 269.8k $8.1m | Reduced -62.3k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 197.8k $5.9m | Reduced -17.9k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 181.1k $5.4m | Added +73.2k |
| UBS Group AG 0.00% of their portfolio | 168.1k $5.0m | Reduced -7.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 151.9k $4.6m | Added +138.5k |
| DAFNA Capital Management LLC 0.74% of their portfolio | 130.2k $3.9m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 88.3k $2.6m | Reduced -36.1k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 81.7k $2.5m | Added +55.9k |
| NORGES BANK 0.00% of their portfolio | 76.9k $2.3m | Not comparable |
| ALPS ADVISORS INC 0.01% of their portfolio | 65.5k $2.0m | Added +11.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 56.6k $1.7m | Added +11.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 40.8k $1.2m | Added +2.0k |
| BAROMETER CAPITAL MANAGEMENT INC. 0.34% of their portfolio | 40.8k $1.2m | Added +2.7k |
| MORGAN STANLEY 0.00% of their portfolio | 37.7k $1.1m | Added +11.1k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 32.6k $977.3k | New |
| MARSHALL WACE, LLP 0.00% of their portfolio | 32.4k $971.3k | New |
| Monaco Asset Management SAM 0.29% of their portfolio | 25.6k $767.5k | Reduced -1.9k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 23.7k $709.0k | Reduced -22.2k |
| denkapparat Operations GmbH 0.21% of their portfolio | 21.3k $639.3k | Added +10.7k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 19.3k $578.8k | Unchanged |
| GROUP ONE TRADING LLC 0.02% of their portfolio | 17.6k $527.0k | Added +12.5k |
| QRG CAPITAL MANAGEMENT, INC. 0.00% of their portfolio | 17.5k $526.0k | Reduced -2.2k |
| HRT FINANCIAL LP 0.00% of their portfolio | 17.3k $519.0k | Reduced -27.8k |
| Erste Asset Management GmbH 0.00% of their portfolio | 14.0k $415.4k | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 11.5k $343.3k | Added +952 |
| Crossmark Global Holdings, Inc. 0.00% of their portfolio | 10.5k $315.9k | Reduced -22.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 10.2k $304.3k | Unchanged |
| Cerity Partners LLC 0.00% of their portfolio | 10.0k $299.8k | Reduced -310 |
| Aquatic Capital Management LLC 0.01% of their portfolio | 9.1k $273.1k | Reduced -2.8k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 8.3k $249.5k | Added +1.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 7.5k $225.7k | Reduced -13.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 7.3k $218.8k | Reduced -84 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 6.9k $206.7k | Reduced -4.4k |
| China Universal Asset Management Co., Ltd. 0.00% of their portfolio | 2.4k $71.7k | Reduced -238 |
| SIGNATUREFD, LLC 0.00% of their portfolio | 1.9k $55.5k | Added +241 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.3k $39.2k | Added +1.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.2k $36.0k | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 1.0k $30.3k | Added +135 |
| GAMMA Investing LLC 0.00% of their portfolio | 954 $28.6k | Reduced -1.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 867 $26.0k | Added +195 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 823 $24.7k | Reduced -65.7k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 672 $20.1k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 533 $16.0k | Added +50 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 404 $12.1k | Added +130 |
| Smartleaf Asset Management LLC 0.00% of their portfolio | 360 $10.7k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 354 $10.6k | Reduced -144 |
| GF FUND MANAGEMENT CO. LTD. 0.00% of their portfolio | 317 $9.5k | Reduced -1 |
| ASSETMARK, INC 0.00% of their portfolio | 256 $7.7k | Added +231 |
| Blue Trust, Inc. 0.00% of their portfolio | 249 $7.5k | New |
| Parallel Advisors, LLC 0.00% of their portfolio | 145 $4.3k | Added +42 |
| BARCLAYS PLC 0.00% of their portfolio | 119 $3.6k | Reduced -59 |
| BESSEMER GROUP INC 0.00% of their portfolio | 108 $3.0k | Added +6 |
| EVENTIDE ASSET MANAGEMENT, LLC 0.00% of their portfolio | 94 $2.8k | New |
| US BANCORP \DE\ 0.00% of their portfolio | 78 $2.3k | Reduced -66 |
| Silver Grove Financial Group, Inc. 0.00% of their portfolio | 65 $1.9k | New |
| TD PRIVATE CLIENT WEALTH LLC 0.00% of their portfolio | 54 $1.6k | Reduced -7 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 32 $959 | Reduced -409 |
| Signature Equity Partners, LLC 0.00% of their portfolio | 23 $690 | Unchanged |
| IMA Advisory Services, Inc. 0.00% of their portfolio | 22 $660 | Added +7 |
| Allworth Financial LP 0.00% of their portfolio | 21 $630 | Reduced -116 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 20 $600 | Reduced -2 |
| MANNING & NAPIER ADVISORS LLC 0.00% of their portfolio | 18 $534 | Reduced -7 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 13 $390 | New |
| First Command Advisory Services, Inc. 0.00% of their portfolio | 12 $360 | New |
| Tidemark, LLC 0.00% of their portfolio | 10 $300 | Unchanged |
| Retirement Wealth Solutions LLC 0.00% of their portfolio | 9 $270 | Reduced -3 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 6 $180 | Unchanged |
| FMR LLC 0.00% of their portfolio | 1 $30 | Unchanged |