HARROW INC HROW
COM · Common Stock · CUSIP 415858109
American pharmaceutical company
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersNashville, TN
- Founded1998
- Websiteharrow.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 ($265.4k this quarter). Holder counts are more reliable. Shares outstanding: 37.0m as of 2025-08-08, 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 ≈ $30.54. Options: 8 managers hold calls ($16.4m notional), 7 hold puts ($16.0m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 81 |
| Q4 2022 | 95 |
| Q1 2023 | 116 |
| Q2 2023 | 113 |
| Q3 2023 | 130 |
| Q4 2023 | 114 |
| Q1 2024 | 113 |
| Q2 2024 | 111 |
| Q3 2024 | 160 |
| Q4 2024 | 167 |
| Q1 2025 | 158 |
| Q2 2025 | 162 |
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 | 76 | 37 |
| Q4 2023 | 50 | 62 |
| Q1 2024 | 53 | 52 |
| Q2 2024 | 61 | 52 |
| Q3 2024 | 97 | 51 |
| Q4 2024 | 82 | 83 |
| Q1 2025 | 72 | 89 |
| Q2 2025 | 93 | 68 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $42.0m | $43.8m | 1.04 |
| Q4 2024 | $28.1m | $48.7m | 1.74 |
| Q1 2025 | $11.9m | $22.7m | 1.91 |
| Q2 2025 | $16.4m | $16.0m | 0.97 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +394.4k |
| ROYCE & ASSOCIATES LP | Added | +226.6k |
| Diametric Capital, LP | New | +155.5k |
| BANK OF AMERICA CORP /DE/ | Added | +155.3k |
| DIMENSIONAL FUND ADVISORS LP | New | +153.3k |
| MORGAN STANLEY | Added | +142.2k |
| Divisadero Street Capital Management, LP | New | +140.6k |
| Invesco Ltd. | Added | +136.8k |
| MARSHALL WACE, LLP | Added | +135.2k |
| FIRST TRUST ADVISORS LP | New | +83.1k |
Biggest sellers
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -754.3k |
| D. E. Shaw & Co., Inc. | Reduced | -260.0k |
| STIFEL FINANCIAL CORP | Reduced | -128.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -105.9k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -102.9k |
| Squarepoint Ops LLC | Reduced | -90.0k |
| BRAIDWELL LP | Reduced | -84.6k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -68.9k |
| Qube Research & Technologies Ltd | Reduced | -63.8k |
| BBR PARTNERS, LLC | Sold out | -62.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.0m196.7k shares |
| CITADEL ADVISORS LLC | Added | $3.4m110.7k shares |
| GROUP ONE TRADING LLC | Added | $2.7m89.7k shares |
| Private Capital Management, LLC | Added | $1.6m53.5k shares |
| IMC-Chicago, LLC | Reduced | $1.2m38.0k shares |
| JANE STREET GROUP, LLC | Added | $894.8k29.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $629.0k20.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $4.8m156.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.9m129.3k shares |
| JANE STREET GROUP, LLC | Reduced | $3.9m127.9k shares |
| GROUP ONE TRADING LLC | Reduced | $1.4m46.3k shares |
| IMC-Chicago, LLC | Reduced | $1.3m44.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $613.0k20.1k 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 |
|---|---|
BAUM MARK L
13D · may seek influence
filed 2025-04-07
Stated purposeItem 4 of the Original Schedule 13D is hereby amended and supplemented by adding the following information: "The 15,400 shares received upon exercise of stock options, 150,000 shares of Common Stock underlying the RSUs and 762,300 shares of Common Stock underlying the PSUs (prior to tax withholding) described in Item 3 were acquired by Mr. Baum as compensation for Mr. Baum's services as Chief Executive Officer of the Company. The information provided in Item 3 with respect to the stock options, RSUs and PSUs is incorporated by reference herein." Full filing |
10.7% |
| BlackRock, Inc. 13G · institution filed 2026-10-27 | 7.4% |
| Opaleye Management Inc. 13G · passive investor -1.2 pts · filed 2026-07-31 | 6.4% |
| Kaufman Daniel Louis 13G · passive investor new · filed 2026-03-11 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27)
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 | 2 | $437.3k | 0 | — | — |
| Q4 2023 | 1 | $60.8k | 0 | — | — |
| Q1 2024 | 1 | $104.3k | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-10 | Opaleye Management Inc. 10% owner · By Managed Account | Sold | $462.0k15.0k shares |
| 2025-06-09 | Opaleye Management Inc. 10% owner · By Managed Account | Sold | $461.7k15.2k shares |
| 2025-06-04 | Opaleye Management Inc. 10% owner · By Managed Account | Sold | $53.9k1.8k shares |
| 2025-06-03 | Opaleye Management Inc. 10% owner · By Managed Account | Sold | $90.1k3.0k shares |
| 2025-05-13 | Opaleye Management Inc. 10% owner · By Managed Account | Sold | $132.9k5.0k shares |
| 2025-05-12 | Opaleye Management Inc. 10% owner · By Managed Account | Sold | $259.0k10.0k 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 |
|---|---|---|
| Opaleye Management Inc. 24.13% of their portfolio | 3.9m $119.3m | Reduced -50.0k |
| BlackRock, Inc. 0.00% of their portfolio | 2.6m $78.4m | Reduced -7.5k |
| Private Capital Management, LLC 6.02% of their portfolio | 1.9m $59.4m | Added +54.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.9m $57.1m | Added +3.8k |
| BRAIDWELL LP 0.91% of their portfolio | 872.2k $26.6m | Reduced -84.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 810.8k $24.8m | Added +36.7k |
| STATE STREET CORP 0.00% of their portfolio | 773.1k $23.6m | Reduced -13.4k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 668.6k $20.4m | Added +394.4k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 564.9k $17.3m | Added +135.2k |
| ROYCE & ASSOCIATES LP 0.17% of their portfolio | 553.7k $16.9m | Added +226.6k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.61% of their portfolio | 370.6k $11.3m | Added +74.5k |
| MORGAN STANLEY 0.00% of their portfolio | 365.0k $11.1m | Added +142.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 314.6k $9.6m | Added +874 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 258.1k $7.9m | Added +9.2k |
| First Turn Management, LLC 1.30% of their portfolio | 228.8k $7.0m | Added +39.9k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 215.3k $6.6m | Reduced -128.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 213.9k $6.5m | Added +8.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 213.4k $6.5m | Added +155.3k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 208.2k $6.4m | Reduced -260.0k |
| Westside Investment Management, Inc. 1.03% of their portfolio | 181.1k $5.5m | Added +7.2k |
| Diametric Capital, LP 2.53% of their portfolio | 155.5k $4.7m | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 153.3k $4.7m | New |
| Invesco Ltd. 0.00% of their portfolio | 150.9k $4.6m | Added +136.8k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 142.6k $4.4m | Added +11.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 142.5k $4.4m | Reduced -102.9k |
| Divisadero Street Capital Management, LP 0.29% of their portfolio | 140.6k $4.3m | New |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 123.6k $3.8m | Reduced -63.8k |
| WOODMONT INVESTMENT COUNSEL LLC 0.21% of their portfolio | 106.2k $3.2m | Added +2.5k |
| UBS Group AG 0.00% of their portfolio | 104.4k $3.2m | Reduced -21.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 101.9k $3.1m | Reduced -4.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 95.5k $2.9m | Reduced -32.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 89.9k $2.7m | Added +25.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 89.2k $2.7m | Added +4.5k |
| Steward Partners Investment Advisory, LLC 0.02% of their portfolio | 88.6k $2.7m | Reduced -3.6k |
| GROUP ONE TRADING LLC 0.09% of their portfolio | 88.0k $2.7m | Added +2.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 87.9k $2.7m | Added +13.2k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 83.1k $2.5m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 78.4k $2.4m | Reduced -48.2k |
| CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio | 75.9k $2.3m | Added +21 |
| BARCLAYS PLC 0.00% of their portfolio | 70.6k $2.2m | Added +24.9k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 67.9k $2.1m | Added +4.9k |
| Nuveen, LLC 0.00% of their portfolio | 64.0k $2.0m | Reduced -12.9k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.18% of their portfolio | 60.8k $1.9m | Reduced -1.7k |
| Swiss National Bank 0.00% of their portfolio | 60.1k $1.8m | Added +1.4k |
| Birchview Capital, LP 1.82% of their portfolio | 60.0k $1.8m | Reduced -12.9k |
| EQUITABLE TRUST CO 0.08% of their portfolio | 55.0k $1.7m | Added +7.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 50.3k $1.5m | Added +216 |
| STANSBERRY ASSET MANAGEMENT, LLC 0.16% of their portfolio | 48.3k $1.5m | Reduced -2.9k |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 47.1k $1.4m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 47.0k $1.4m | Added +4.0k |
| D.A. DAVIDSON & CO. 0.01% of their portfolio | 45.9k $1.4m | Reduced -13.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 42.3k $1.3m | Reduced -48.0k |
| BARD ASSOCIATES INC 0.41% of their portfolio | 42.0k $1.3m | Reduced -15.3k |
| IMC-Chicago, LLC 0.03% of their portfolio | 38.7k $1.2m | Added +1.2k |
| Creative Planning 0.00% of their portfolio | 37.7k $1.2m | Added +6.7k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 37.4k $1.1m | Reduced -38.8k |
| Engineers Gate Manager LP 0.01% of their portfolio | 35.6k $1.1m | Added +23.5k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 32.5k $991.8k | Reduced -68.9k |
| Legal & General Group Plc 0.00% of their portfolio | 30.8k $939.2k | Added +3.4k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.02% of their portfolio | 30.0k $916.2k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 29.0k $886.3k | Unchanged |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 28.8k $878.9k | Added +11.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 28.0k $854.0k | Reduced -266 |
| GREAT LAKES ADVISORS, LLC 0.01% of their portfolio | 25.9k $791.8k | Reduced -1.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 25.5k $779.0k | Reduced -92 |
| Polar Asset Management Partners Inc. 0.02% of their portfolio | 24.6k $751.0k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 24.0k $733.9k | Added +2.2k |
| LPL Financial LLC 0.00% of their portfolio | 23.1k $706.1k | Added +860 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 22.8k $697.0k | Added +2.5k |
| FineMark National Bank & Trust 0.02% of their portfolio | 22.7k $694.2k | Unchanged |
| Harvest Investment Services, LLC 0.15% of their portfolio | 21.5k $657.4k | Reduced -408 |
| Squarepoint Ops LLC 0.00% of their portfolio | 21.0k $640.0k | Reduced -90.0k |
| GSA CAPITAL PARTNERS LLP 0.04% of their portfolio | 20.3k $621.0k | New |
| CITIGROUP INC 0.00% of their portfolio | 19.9k $607.0k | Reduced -13.7k |
| Lido Advisors, LLC 0.00% of their portfolio | 19.5k $594.6k | Unchanged |
| Brevan Howard Capital Management LP 0.01% of their portfolio | 18.9k $578.6k | Reduced -2.1k |
| BRC Group Holdings, Inc. 0.67% of their portfolio | 18.8k $574.6k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 18.5k $566.3k | Added +95 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 18.5k $566.0k | Added +8.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 18.1k $552.4k | Added +3.1k |
| Trexquant Investment LP 0.01% of their portfolio | 18.0k $548.7k | Added +8.3k |
| CAISSE DES DEPOTS ET CONSIGNATIONS 0.02% of their portfolio | 17.5k $535.1k | Added +1.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 17.3k $528.2k | Reduced -852 |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 17.0k $519.5k | Reduced -6.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 16.5k $505.3k | Added +341 |
| HighTower Advisors, LLC 0.00% of their portfolio | 16.0k $489.3k | Added +2.8k |
| Sonora Investment Management Group, LLC 0.04% of their portfolio | 15.4k $471.8k | Unchanged |
| Bleakley Financial Group, LLC 0.01% of their portfolio | 14.4k $439.1k | New |
| Brookstone Capital Management 0.01% of their portfolio | 13.8k $420.4k | Added +1.5k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 13.5k $412.1k | Unchanged |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 13.3k $406.7k | New |
| HRT FINANCIAL LP 0.00% of their portfolio | 12.7k $388.0k | Added +547 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 12.5k $381.0k | Added +2.4k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 12.1k $370.7k | Unchanged |
| EntryPoint Capital, LLC 0.19% of their portfolio | 12.1k $370.3k | New |
| AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio | 12.0k $366.1k | Reduced -321 |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 11.5k $351.2k | Reduced -18.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 10.5k $319.3k | Unchanged |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 9.2k $279.9k | Added +493 |
| Quadrature Capital Ltd 0.00% of their portfolio | 9.2k $279.6k | New |