KRYSTAL BIOTECH INC KRYS
COM · Common Stock · CUSIP 501147102
Biotechnology company
- SectorHealth care
- IndustryBiological Products, (No Diagnostic Substances)
- HeadquartersPittsburgh, PA
- Websitekrystalbio.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 ($5.0m this quarter). Holder counts are more reliable. Shares outstanding: 28.9m as of 2025-05-01, 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 ≈ $180.30. Options: 10 managers hold calls ($54.2m notional), 10 hold puts ($17.6m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 149 |
| Q4 2022 | 156 |
| Q1 2023 | 162 |
| Q2 2023 | 185 |
| Q3 2023 | 190 |
| Q4 2023 | 196 |
| Q1 2024 | 236 |
| Q2 2024 | 247 |
| Q3 2024 | 285 |
| Q4 2024 | 266 |
| Q1 2025 | 301 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 97 | 80 |
| Q3 2023 | 108 | 66 |
| Q4 2023 | 95 | 85 |
| Q1 2024 | 128 | 107 |
| Q2 2024 | 145 | 111 |
| Q3 2024 | 158 | 103 |
| Q4 2024 | 122 | 150 |
| Q1 2025 | 150 | 138 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $54.5m | $42.9m | 0.79 |
| Q3 2024 | $89.7m | $67.2m | 0.75 |
| Q4 2024 | $63.3m | $36.8m | 0.58 |
| Q1 2025 | $54.2m | $17.6m | 0.33 |
Biggest buyers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +365.3k |
| BRAIDWELL LP | Added | +200.2k |
| T. Rowe Price Investment Management, Inc. | New | +185.6k |
| 1832 Asset Management L.P. | New | +136.0k |
| Avoro Capital Advisors LLC | Added | +102.2k |
| Soleus Capital Management, L.P. | Added | +83.4k |
| Capital World Investors | Added | +75.3k |
| Squarepoint Ops LLC | Added | +72.4k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +54.5k |
| NORGES BANK | Added | +53.7k |
Biggest sellers
| JENNISON ASSOCIATES LLC | Reduced | -269.9k |
| BAKER BROS. ADVISORS LP | Sold out | -169.9k |
| FRANKLIN RESOURCES INC | Reduced | -165.0k |
| Driehaus Capital Management LLC | Sold out | -121.7k |
| Frazier Life Sciences Management, L.P. | Reduced | -100.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -98.6k |
| BlackRock, Inc. | Reduced | -90.7k |
| LORD, ABBETT & CO. LLC | Reduced | -64.4k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -54.7k |
| VANGUARD GROUP INC | Reduced | -53.2k |
Biggest calls
| Caption Management, LLC | Added | $40.0m221.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.1m22.8k shares |
| CITIGROUP INC | Reduced | $3.2m18.0k shares |
| NOMURA HOLDINGS INC | New | $2.5m14.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.7m9.6k shares |
| JANE STREET GROUP, LLC | Reduced | $847.4k4.7k shares |
| WOLVERINE TRADING, LLC | Added | $827.6k4.5k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $540.9k3.0k shares |
| GROUP ONE TRADING LLC | Reduced | $342.6k1.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.0m27.8k shares |
| Caption Management, LLC | Reduced | $3.6m20.0k shares |
| CITIGROUP INC | Reduced | $3.2m18.0k shares |
| NOMURA HOLDINGS INC | New | $2.5m14.0k shares |
| WOLVERINE TRADING, LLC | Added | $1.4m7.4k shares |
| JANE STREET GROUP, LLC | Added | $901.5k5.0k shares |
| CITADEL ADVISORS LLC | Reduced | $522.9k2.9k shares |
| LMR Partners LLP | Unchanged | $450.8k2.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $18.0k100 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-10-27 | 11.6% |
| Krishnan Krish S 13G · exempt (held before listing) filed 2026-05-04 | 11.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 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 |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 5 | $30.7m | $18.4m |
| Q3 2023 | 0 | — | 2 | $6.4m | $6.4m |
| Q4 2023 | 0 | — | 2 | $5.3m | $5.3m |
| Q1 2024 | 0 | — | 3 | $12.0m | $12.0m |
| Q2 2024 | 0 | — | 3 | $12.1m | $8.8m |
| Q3 2024 | 0 | — | 2 | $9.9m | $9.9m |
| Q4 2024 | 0 | — | 2 | $8.2m | $8.2m |
| Q1 2025 | 0 | — | 3 | $9.0m | $9.0m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-13 | Krishnan Krish S President and CEO, director | Sold plan | $4.4m25.0k shares |
| 2025-03-13 | Krishnan Suma President, R&D, director | Sold plan | $4.4m25.0k shares |
| 2025-03-13 | Krishnan Krish S President and CEO, director | Sold plan | $4.4m25.0k shares |
| 2025-03-13 | Krishnan Suma President, R&D, director | Sold plan | $4.4m25.0k shares |
| 2025-02-27 | ROMANO KATHRYN Chief Accounting Officer | Sold plan | $131.4k750 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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.05% of their portfolio | 4.3m $779.0m | Added +6.8k |
| BlackRock, Inc. 0.02% of their portfolio | 3.9m $711.0m | Reduced -90.7k |
| VANGUARD GROUP INC 0.01% of their portfolio | 2.8m $509.4m | Reduced -53.2k |
| Avoro Capital Advisors LLC 7.69% of their portfolio | 2.7m $492.4m | Added +102.2k |
| STATE STREET CORP 0.01% of their portfolio | 1.2m $221.2m | Reduced -52.3k |
| Capital World Investors 0.03% of their portfolio | 954.5k $172.1m | Added +75.3k |
| Redmile Group, LLC 12.57% of their portfolio | 737.7k $133.0m | Reduced -15.5k |
| Frazier Life Sciences Management, L.P. 5.67% of their portfolio | 688.5k $124.1m | Reduced -100.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 612.4k $110.4m | Added +20.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 575.5k $103.8m | Added +365.3k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 533.9k $96.3m | Reduced -54.7k |
| Hood River Capital Management LLC 1.61% of their portfolio | 524.6k $94.6m | Added +11.9k |
| Soleus Capital Management, L.P. 6.25% of their portfolio | 441.8k $79.6m | Added +83.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 410.9k $74.1m | Reduced -98.6k |
| BRAIDWELL LP 2.54% of their portfolio | 400.7k $72.3m | Added +200.2k |
| MORGAN STANLEY 0.00% of their portfolio | 298.2k $53.8m | Added +41.9k |
| NORGES BANK 0.01% of their portfolio | 273.2k $49.3m | Added +53.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 260.0k $46.9m | Reduced -2.3k |
| Invesco Ltd. 0.01% of their portfolio | 254.5k $45.9m | Reduced -20.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 250.5k $45.2m | Added +7.3k |
| Nuveen, LLC 0.01% of their portfolio | 234.2k $42.2m | First filing |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 233.6k $42.1m | Reduced -43.5k |
| Woodline Partners LP 0.26% of their portfolio | 222.0k $40.0m | Added +941 |
| T. Rowe Price Investment Management, Inc. 0.02% of their portfolio | 185.6k $33.5m | New |
| Bank of New York Mellon Corp 0.01% of their portfolio | 169.2k $30.5m | Reduced -167 |
| LORD, ABBETT & CO. LLC 0.10% of their portfolio | 151.2k $27.3m | Reduced -64.4k |
| SEGALL BRYANT & HAMILL, LLC 0.40% of their portfolio | 145.3k $26.2m | Reduced -4.0k |
| TimesSquare Capital Management, LLC 0.41% of their portfolio | 142.2k $25.6m | Reduced -16.7k |
| 1832 Asset Management L.P. 0.05% of their portfolio | 136.0k $24.5m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 129.2k $23.3m | Added +54.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 126.3k $22.8m | Added +2.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 100.8k $18.2m | Reduced -51.1k |
| S SQUARED TECHNOLOGY, LLC 8.97% of their portfolio | 97.2k $17.5m | Added +2.0k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.34% of their portfolio | 95.8k $17.3m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 92.6k $16.7m | Added +16.8k |
| C WorldWide Group Holding A/S 0.19% of their portfolio | 85.8k $15.5m | Reduced -20.0k |
| Squarepoint Ops LLC 0.04% of their portfolio | 82.0k $14.8m | Added +72.4k |
| UBS Group AG 0.00% of their portfolio | 81.1k $14.6m | Reduced -19.0k |
| Public Sector Pension Investment Board 0.06% of their portfolio | 80.3k $14.5m | Added +17.3k |
| Handelsbanken Fonder AB 0.06% of their portfolio | 74.3k $13.4m | Reduced -11.0k |
| CITIGROUP INC 0.01% of their portfolio | 73.5k $13.3m | Reduced -26.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 72.8k $13.1m | Reduced -8.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 68.7k $12.4m | Reduced -409 |
| Legal & General Group Plc 0.00% of their portfolio | 66.5k $12.0m | Reduced -2.9k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 66.0k $11.9m | Reduced -36.1k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 65.3k $11.8m | Reduced -46.8k |
| Decheng Capital LLC 3.29% of their portfolio | 65.0k $11.7m | Reduced -11.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 60.5k $10.9m | Reduced -53.0k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 60.4k $10.9m | Added +41.4k |
| Integral Health Asset Management, LLC 1.20% of their portfolio | 60.0k $10.8m | Added +5.0k |
| Skandinaviska Enskilda Banken AB (publ) 0.05% of their portfolio | 60.0k $10.8m | Reduced -29.1k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 49.9k $9.0m | Added +42.5k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.42% of their portfolio | 46.8k $8.4m | Unchanged |
| Janney Montgomery Scott LLC 0.02% of their portfolio | 45.9k $8.3m | Reduced -6.7k |
| BARCLAYS PLC 0.00% of their portfolio | 45.0k $8.1m | Reduced -7.4k |
| Corient Private Wealth LP 0.01% of their portfolio | 42.1k $7.6m | Reduced -882 |
| Swiss National Bank 0.01% of their portfolio | 41.8k $7.5m | Reduced -600 |
| KENNEDY CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 41.5k $7.5m | Added +13.8k |
| Palisades Investment Partners, LLC 3.68% of their portfolio | 40.7k $7.3m | Added +217 |
| TD Asset Management Inc 0.01% of their portfolio | 40.3k $7.3m | Reduced -3.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 37.8k $6.8m | Added +37.3k |
| Aberdeen Group plc 0.01% of their portfolio | 37.3k $6.7m | Reduced -19.7k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 36.4k $6.6m | Reduced -87 |
| GW&K Investment Management, LLC 0.06% of their portfolio | 34.1k $6.1m | Reduced -830 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 33.8k $6.1m | Reduced -4.6k |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 33.6k $6.1m | Reduced -269.9k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 33.1k $6.0m | Added +10.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 32.4k $5.8m | Reduced -2.8k |
| Beacon Harbor Wealth Advisors, Inc. 1.35% of their portfolio | 32.2k $5.8m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 31.1k $5.6m | Unchanged |
| Lisanti Capital Growth, LLC 1.63% of their portfolio | 30.4k $5.5m | New |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 27.3k $4.9m | Reduced -13.9k |
| CASTLEARK MANAGEMENT LLC 0.16% of their portfolio | 26.1k $4.7m | New |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 24.9k $4.5m | Added +15.0k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 24.6k $4.4m | Reduced -2.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 24.2k $4.4m | Reduced -319 |
| Rafferty Asset Management, LLC 0.02% of their portfolio | 24.2k $4.4m | Reduced -3.0k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 23.7k $4.3m | Reduced -12.2k |
| ORBIMED ADVISORS LLC 0.10% of their portfolio | 23.5k $4.2m | Unchanged |
| Atle Fund Management AB 1.87% of their portfolio | 23.5k $4.2m | Added +14.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 23.4k $4.2m | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 21.7k $3.9m | Reduced -3.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 20.1k $3.6m | Reduced -262 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 19.0k $3.4m | Reduced -165.0k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 18.7k $3.4m | Reduced -2.5k |
| Verition Fund Management LLC 0.02% of their portfolio | 18.6k $3.4m | Reduced -6.3k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 18.6k $3.4m | Added +11.0k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 18.6k $3.4m | Reduced -973 |
| Erste Asset Management GmbH 0.04% of their portfolio | 18.2k $3.3m | Unchanged |
| Rhenman & Partners Asset Management AB 0.37% of their portfolio | 17.8k $3.2m | Reduced -6.0k |
| EFG Asset Management (North America) Corp. 0.52% of their portfolio | 17.4k $3.1m | Reduced -343 |
| MARSHALL WACE, LLP 0.00% of their portfolio | 17.2k $3.1m | Added +6.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 17.1k $3.1m | Added +207 |
| Fieldview Capital Management, LLC 0.42% of their portfolio | 16.3k $2.9m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 16.0k $2.9m | Added +100 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 15.9k $2.9m | Added +688 |
| Fiera Capital Corp 0.01% of their portfolio | 15.6k $2.8m | Reduced -28 |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 15.5k $2.8m | Unchanged |
| MetLife Investment Management, LLC 0.01% of their portfolio | 14.5k $2.6m | Reduced -473 |
| State of Alaska, Department of Revenue 0.03% of their portfolio | 14.0k $2.5m | Reduced -399 |