IRONWOOD PHARMACEUTICALS INC IRWD
COM CL A · Common Stock · CUSIP 46333X108 · ISIN US46333X1081
Company in Cambridge, United States
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersBoston, MA
- Founded1998
- Websiteironwoodpharma.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 ($29.4k this quarter). Holder counts are more reliable. Shares outstanding: 159.7m as of 2024-07-31, 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 ≈ $6.52. Options: 6 managers hold calls ($73.6m notional), 4 hold puts ($185.8k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 245 |
| Q4 2022 | 250 |
| Q1 2023 | 256 |
| Q2 2023 | 253 |
| Q3 2023 | 251 |
| Q4 2023 | 252 |
| Q1 2024 | 262 |
| Q2 2024 | 228 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 119 | 109 |
| Q1 2023 | 135 | 98 |
| Q2 2023 | 143 | 110 |
| Q3 2023 | 114 | 141 |
| Q4 2023 | 109 | 122 |
| Q1 2024 | 136 | 127 |
| Q2 2024 | 112 | 131 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $3.5m | $2.9m | 0.83 |
| Q4 2023 | $24.5m | $11.5m | 0.47 |
| Q1 2024 | $241.3m | $20.0m | 0.08 |
| Q2 2024 | $73.6m | $185.8k | 0.00 |
Biggest buyers
| ARMISTICE CAPITAL, LLC | Added | +2.4m |
| VANGUARD GROUP INC | Added | +2.0m |
| Pacer Advisors, Inc. | Added | +1.7m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +1.5m |
| JPMORGAN CHASE & CO | Added | +1.3m |
| Invesco Ltd. | Added | +1.1m |
| BRAIDWELL LP | Added | +948.4k |
| MILLENNIUM MANAGEMENT LLC | Added | +867.3k |
| NORGES BANK | Added | +743.9k |
| Trexquant Investment LP | Added | +701.9k |
Biggest sellers
| STATE STREET CORP | Reduced | -4.7m |
| MORGAN STANLEY | Reduced | -3.2m |
| Nuveen Asset Management, LLC | Reduced | -1.4m |
| BlackRock Inc. | Reduced | -1.3m |
| UBS Group AG | Reduced | -1.2m |
| Schonfeld Strategic Advisors LLC | Reduced | -965.2k |
| CITIGROUP INC | Reduced | -763.0k |
| Rafferty Asset Management, LLC | Reduced | -633.5k |
| Checkpoint Capital L.P. | Sold out | -618.5k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -530.8k |
Biggest calls
| UBS Group AG | Reduced | $73.0m11.2m shares |
| SIMPLEX TRADING, LLC | Reduced | $308.0k47.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $179.3k27.5k shares |
| GROUP ONE TRADING LLC | Reduced | $34.6k5.3k shares |
| CITADEL ADVISORS LLC | Reduced | $24.8k3.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $106.3k16.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $79.5k12.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| SIMPLEX TRADING, LLC | Reduced | $0100 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 |
|---|---|
| ARMISTICE CAPITAL, LLC 13G · institution -0.8 pts · filed 2026-08-14 | 8.4% |
| BlackRock, Inc. 13G · institution +1.0 pts · filed 2026-07-28 | 8.1% |
| Sarissa Capital Management LP 13D · may seek influence filed 2026-03-19 | 5.8% |
| STATE STREET CORP 13G · institution +3.2 pts · filed 2026-08-07 | 5.4% |
Fell to 5% or below in the last year: BANK OF AMERICA CORP /DE/ (3.2%, 2026-10-28), RENAISSANCE TECHNOLOGIES LLC (4.9%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q2 2024
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 2022 | 0 | — | 5 | $2.0m | — |
| Q4 2022 | 0 | — | 5 | $653.7k | — |
| Q1 2023 | 0 | — | 6 | $3.7m | — |
| Q2 2023 | 0 | — | 3 | $1.0m | $285.0k |
| Q3 2023 | 1 | $300.1k | 2 | $90.6k | — |
| Q4 2023 | 0 | — | 2 | $142.9k | $111.1k |
| Q1 2024 | 2 | $160.4k | 5 | $4.3m | — |
| Q2 2024 | 0 | — | 6 | $1.5m | $143.2k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-10 | McHugh Julie Director | Sold plan | $143.2k22.8k shares |
| 2024-06-07 | Moukheibir Catherine Director | Sold | $235.1k35.6k shares |
| 2024-06-06 | Moukheibir Catherine Director | Sold | $282.5k44.4k shares |
| 2024-05-20 | MCCOURT Thomas A Chief Executive Officer, director | Sold | $436.1k67.6k shares |
| 2024-05-20 | Davis Andrew SVP, Chief Business Officer | Sold | $146.6k22.7k shares |
| 2024-05-20 | John Minardo Chief Legal Officer | Sold | $112.3k17.4k shares |
| 2024-05-20 | Shetzline Michael CMO,SVP,Head-Res&Drug | Sold | $104.0k16.1k 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 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.00% of their portfolio | 22.9m $149.2m | Reduced -1.3m |
| VANGUARD GROUP INC 0.00% of their portfolio | 21.6m $140.6m | Added +2.0m |
| Sarissa Capital Management LP 18.04% of their portfolio | 16.4m $106.9m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 9.2m $60.3m | Reduced -4.7m |
| Pacer Advisors, Inc. 0.13% of their portfolio | 8.9m $58.1m | Added +1.7m |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 8.6m $55.9m | Added +1.5m |
| ARMISTICE CAPITAL, LLC 1.33% of their portfolio | 7.8m $50.9m | Added +2.4m |
| LSV ASSET MANAGEMENT 0.09% of their portfolio | 6.1m $39.6m | Reduced -79.5k |
| MORGAN STANLEY 0.00% of their portfolio | 4.9m $31.7m | Reduced -3.2m |
| BRAIDWELL LP 0.91% of their portfolio | 4.4m $28.9m | Added +948.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.12% of their portfolio | 4.4m $28.4m | Added +122.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.7m $24.2m | Added +1.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.4m $22.0m | Added +225.2k |
| Man Group plc 0.05% of their portfolio | 3.0m $19.5m | Reduced -862 |
| BROWN CAPITAL MANAGEMENT LLC 0.34% of their portfolio | 2.6m $16.8m | Reduced -119.8k |
| UBS Group AG 0.00% of their portfolio | 1.8m $12.0m | Reduced -1.2m |
| Invesco Ltd. 0.00% of their portfolio | 1.7m $10.9m | Added +1.1m |
| Kynam Capital Management, LP 1.12% of their portfolio | 1.6m $10.7m | Added +16.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.6m $10.2m | Added +183.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.5m $10.0m | Added +147.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.5m $9.6m | Reduced -56.0k |
| JUPITER ASSET MANAGEMENT LTD 0.09% of their portfolio | 1.4m $9.4m | Reduced -31.5k |
| GLENMEDE TRUST CO NA 0.05% of their portfolio | 1.4m $9.1m | Added +5.4k |
| NORGES BANK 0.00% of their portfolio | 1.4m $9.1m | Added +743.9k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.3m $8.7m | Added +867.3k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 1.2m $7.8m | Reduced -86.0k |
| Saturn V Capital Management LP 2.74% of their portfolio | 1.1m $7.3m | Added +168.9k |
| First Eagle Investment Management, LLC 0.02% of their portfolio | 1.1m $7.2m | Added +102.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 1.0m $6.8m | Reduced -470.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.0m $6.8m | Added +6.0k |
| Hodges Capital Management Inc. 0.46% of their portfolio | 1.0m $6.8m | Added +177.5k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 917.6k $6.0m | Reduced -270.6k |
| Parkman Healthcare Partners LLC 0.78% of their portfolio | 876.3k $5.7m | Added +26.3k |
| Trexquant Investment LP 0.08% of their portfolio | 831.4k $5.4m | Added +701.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 795.3k $5.2m | Reduced -9.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 791.7k $5.2m | Reduced -17.3k |
| EMERALD ADVISERS, LLC 0.22% of their portfolio | 786.3k $5.1m | Reduced -36.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 712.4k $4.6m | Reduced -193.9k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 684.6k $4.5m | Added +214.8k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.22% of their portfolio | 644.2k $4.2m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 638.3k $4.2m | Added +25.9k |
| ROYCE & ASSOCIATES LP 0.04% of their portfolio | 598.6k $3.9m | Added +7.6k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 554.7k $3.6m | Reduced -223.2k |
| Redwood Investment Management, LLC 0.25% of their portfolio | 475.8k $2.9m | Added +109.1k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 459.4k $3.0m | Reduced -1.4m |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 409.5k $2.7m | Reduced -423.7k |
| Legal & General Group Plc 0.00% of their portfolio | 409.3k $2.7m | Added +12.7k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 384.9k $2.5m | Added +96.3k |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 384.4k $2.5m | Reduced -633.5k |
| Knott David M Jr 0.96% of their portfolio | 370.0k $2.4m | Added +94.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 365.7k $2.4m | Added +2.6k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 347.0k $2.3m | Reduced -965.2k |
| OMERS ADMINISTRATION Corp 0.02% of their portfolio | 333.2k $2.2m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 320.2k $2.1m | Added +8.8k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 311.2k $2.0m | Reduced -16.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 308.7k $2.0m | Added +158.2k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 307.8k $2.0m | Added +26.2k |
| CAPITAL FUND MANAGEMENT S.A. 0.02% of their portfolio | 305.6k $2.0m | New |
| Swiss National Bank 0.00% of their portfolio | 276.7k $1.8m | Unchanged |
| Foundry Partners, LLC 0.09% of their portfolio | 254.2k $1.7m | Added +13.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 222.6k $1.5m | Added +94.9k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 217.2k $1.4m | Reduced -355.3k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 213.6k $1.4m | Added +69.8k |
| Alberta Investment Management Corp 0.01% of their portfolio | 210.7k $1.4m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 197.0k $1.3m | Reduced -93.2k |
| Y-Intercept (Hong Kong) Ltd 0.07% of their portfolio | 190.0k $1.2m | Added +55.3k |
| CITIGROUP INC 0.00% of their portfolio | 184.7k $1.2m | Reduced -763.0k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 180.6k $1.2m | Added +28.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 175.6k $1.1m | Added +52.9k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 167.2k $1.1m | Unchanged |
| Hillsdale Investment Management Inc. 0.08% of their portfolio | 164.8k $1.1m | Reduced -6.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 163.1k $1.1m | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 159.6k $1.0m | Added +92.2k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 153.9k $1.0m | Reduced -2.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 137.7k $898.1k | Reduced -4.3k |
| FMR LLC 0.00% of their portfolio | 135.6k $884.1k | Added +46.2k |
| Hennion & Walsh Asset Management, Inc. 0.04% of their portfolio | 129.6k $845.3k | Added +118.5k |
| ALPS ADVISORS INC 0.01% of their portfolio | 124.0k $808.3k | Added +13.6k |
| GSA CAPITAL PARTNERS LLP 0.05% of their portfolio | 119.1k $777.0k | Reduced -57.1k |
| Advantage Alpha Capital Partners LP 0.17% of their portfolio | 118.5k $772.7k | Reduced -12.5k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 116.1k $757.0k | Reduced -3.1k |
| Vestcor Inc 0.03% of their portfolio | 115.8k $755.0k | Added +104.1k |
| HARBOR CAPITAL ADVISORS, INC. 0.06% of their portfolio | 112.0k $730.0k | Added +56.1k |
| Artal Group S.A. 0.02% of their portfolio | 110.5k $720.7k | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 109.5k $713.9k | Added +14.4k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 109.0k $710.9k | Reduced -587 |
| Squarepoint Ops LLC 0.00% of their portfolio | 105.6k $688.3k | Reduced -179.2k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 103.8k $676.9k | Reduced -12.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 101.9k $664.3k | Added +3.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 101.4k $662.0k | Added +15.9k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 94.6k $617.5k | Added +80.3k |
| Clearline Capital LP 0.05% of their portfolio | 92.9k $605.5k | Unchanged |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 89.9k $586.4k | Added +12.8k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 85.4k $556.8k | Unchanged |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 84.4k $545.9k | First filing |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 82.1k $535.0k | Reduced -1.6k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 82.0k $534.6k | First filing |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 81.8k $533.6k | Reduced -530.8k |
| STRS OHIO 0.00% of their portfolio | 81.0k $528.1k | Added +3.3k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 80.7k $526.1k | Added +9.1k |