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 ($1.1m this quarter). Holder counts are more reliable. Shares outstanding: 28.9m as of 2025-07-30, 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 ≈ $137.49. Options: 9 managers hold calls ($60.6m notional), 11 hold puts ($68.0m).
Trends to Q2 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 |
| Q2 2025 | 277 |
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 | 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 |
| Q2 2025 | 141 | 160 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $89.7m | $67.2m | 0.75 |
| Q4 2024 | $63.3m | $36.8m | 0.58 |
| Q1 2025 | $54.2m | $17.6m | 0.33 |
| Q2 2025 | $60.6m | $68.0m | 1.12 |
Biggest buyers
| Soleus Capital Management, L.P. | Added | +481.2k |
| BRAIDWELL LP | Added | +327.1k |
| GOLDMAN SACHS GROUP INC | Added | +296.7k |
| FIRST TRUST ADVISORS LP | Added | +189.2k |
| READYSTATE ASSET MANAGEMENT LP | New | +148.0k |
| STATE STREET CORP | Added | +128.6k |
| Logos Global Management LP | New | +100.0k |
| MARSHALL WACE, LLP | Added | +95.2k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | New | +91.1k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +78.6k |
Biggest sellers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -341.2k |
| T. Rowe Price Investment Management, Inc. | Sold out | -185.6k |
| Invesco Ltd. | Reduced | -183.6k |
| LORD, ABBETT & CO. LLC | Sold out | -151.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -149.5k |
| 1832 Asset Management L.P. | Sold out | -136.0k |
| BlackRock, Inc. | Reduced | -98.0k |
| EVENTIDE ASSET MANAGEMENT, LLC | Sold out | -95.8k |
| Squarepoint Ops LLC | Sold out | -82.0k |
| Redmile Group, LLC | Reduced | -74.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $26.0m188.9k shares |
| Caption Management, LLC | Reduced | $16.5m120.0k shares |
| JANE STREET GROUP, LLC | Added | $9.0m65.5k shares |
| CITADEL ADVISORS LLC | Added | $3.0m21.5k shares |
| CITIGROUP INC | Unchanged | $2.5m18.0k shares |
| GROUP ONE TRADING LLC | Added | $2.2m15.8k shares |
| SIMPLEX TRADING, LLC | New | $1.1m8.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $361.1k2.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Nantahala Capital Management, LLC | New | $27.5m200.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.4m119.4k shares |
| JANE STREET GROUP, LLC | Added | $7.4m53.8k shares |
| UBS Group AG | New | $7.2m52.2k shares |
| Caption Management, LLC | Unchanged | $2.7m20.0k shares |
| CITADEL ADVISORS LLC | Added | $2.5m18.5k shares |
| CITIGROUP INC | Unchanged | $2.5m18.0k shares |
| GROUP ONE TRADING LLC | New | $1.2m9.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $361.1k2.6k shares |
| SIMPLEX TRADING, LLC | Added | $206.0k1.5k 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 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 | — | 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 |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.03% of their portfolio | 4.3m $595.9m | Added +13.9k |
| BlackRock, Inc. 0.01% of their portfolio | 3.8m $528.6m | Reduced -98.0k |
| VANGUARD GROUP INC 0.01% of their portfolio | 2.8m $388.0m | Reduced -2.4k |
| Avoro Capital Advisors LLC 6.40% of their portfolio | 2.7m $365.6m | Reduced -71.0k |
| STATE STREET CORP 0.01% of their portfolio | 1.4m $186.3m | Added +128.6k |
| Capital World Investors 0.02% of their portfolio | 942.2k $129.5m | Reduced -12.2k |
| Soleus Capital Management, L.P. 8.76% of their portfolio | 923.0k $126.9m | Added +481.2k |
| BRAIDWELL LP 3.42% of their portfolio | 727.8k $100.0m | Added +327.1k |
| Frazier Life Sciences Management, L.P. 3.78% of their portfolio | 688.5k $94.6m | Unchanged |
| Redmile Group, LLC 9.71% of their portfolio | 663.5k $91.2m | Reduced -74.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 619.5k $85.2m | Added +7.2k |
| Hood River Capital Management LLC 1.02% of their portfolio | 533.0k $73.3m | Added +8.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 530.4k $72.9m | Added +296.7k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 505.9k $69.5m | Reduced -28.0k |
| NORGES BANK 0.00% of their portfolio | 282.7k $38.9m | Added +9.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 261.4k $35.9m | Reduced -149.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 251.4k $34.6m | Reduced -8.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 246.2k $33.8m | Reduced -4.3k |
| MORGAN STANLEY 0.00% of their portfolio | 234.4k $32.2m | Reduced -63.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 234.3k $32.2m | Reduced -341.2k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 222.4k $30.6m | Added +189.2k |
| Nuveen, LLC 0.01% of their portfolio | 188.0k $25.8m | Reduced -46.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 160.5k $22.1m | Reduced -8.7k |
| Woodline Partners LP 0.11% of their portfolio | 150.6k $20.7m | Reduced -71.4k |
| SEGALL BRYANT & HAMILL, LLC 0.29% of their portfolio | 148.6k $20.4m | Added +3.3k |
| READYSTATE ASSET MANAGEMENT LP 0.84% of their portfolio | 148.0k $20.3m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 140.9k $19.4m | Added +14.5k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 130.5k $17.9m | Added +65.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 121.8k $16.7m | Added +29.3k |
| TimesSquare Capital Management, LLC 0.23% of their portfolio | 114.2k $15.7m | Reduced -28.0k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 112.4k $15.4m | Added +95.2k |
| S SQUARED TECHNOLOGY, LLC 6.33% of their portfolio | 109.2k $15.0m | Added +12.0k |
| Aberdeen Group plc 0.03% of their portfolio | 108.5k $14.9m | Added +71.2k |
| Logos Global Management LP 1.84% of their portfolio | 100.0k $13.7m | New |
| UBS Group AG 0.00% of their portfolio | 97.2k $13.4m | Added +16.1k |
| BARCLAYS PLC 0.01% of their portfolio | 92.9k $12.8m | Added +47.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 91.2k $12.5m | Reduced -9.6k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 91.1k $12.5m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 89.8k $12.3m | Added +78.6k |
| Public Sector Pension Investment Board 0.05% of their portfolio | 86.7k $11.9m | Added +6.4k |
| C WorldWide Group Holding A/S 0.16% of their portfolio | 85.8k $11.8m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 80.1k $11.0m | Added +7.3k |
| Invesco Ltd. 0.00% of their portfolio | 70.9k $9.7m | Reduced -183.6k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 70.8k $9.7m | Added +2.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 68.7k $9.4m | Added +2.8k |
| Legal & General Group Plc 0.00% of their portfolio | 68.4k $9.4m | Added +1.9k |
| Handelsbanken Fonder AB 0.03% of their portfolio | 66.8k $9.2m | Reduced -7.5k |
| Decheng Capital LLC 2.29% of their portfolio | 66.0k $9.1m | Added +1.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 64.0k $8.8m | Reduced -65.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 62.8k $8.6m | Added +2.3k |
| Skandinaviska Enskilda Banken AB (publ) 0.04% of their portfolio | 60.0k $8.2m | Unchanged |
| Alyeska Investment Group, L.P. 0.03% of their portfolio | 53.9k $7.4m | New |
| CITIGROUP INC 0.01% of their portfolio | 52.5k $7.2m | Reduced -21.0k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 42.7k $5.9m | Added +30.0k |
| Swiss National Bank 0.00% of their portfolio | 41.4k $5.7m | Reduced -400 |
| Corient Private Wealth LP 0.01% of their portfolio | 40.5k $5.6m | Reduced -1.6k |
| Palisades Investment Partners, LLC 2.42% of their portfolio | 40.2k $5.5m | Reduced -493 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 38.4k $5.3m | Added +1.9k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 38.1k $5.2m | Reduced -3.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 36.1k $5.0m | Added +11.9k |
| Rafferty Asset Management, LLC 0.02% of their portfolio | 34.7k $4.8m | Added +10.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 34.6k $4.8m | Added +34.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 31.1k $4.3m | Unchanged |
| Man Group plc 0.01% of their portfolio | 30.5k $4.2m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 30.3k $4.2m | Reduced -3.6k |
| GW&K Investment Management, LLC 0.04% of their portfolio | 30.2k $4.1m | Reduced -3.9k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 26.6k $3.7m | Added +1.7k |
| Verition Fund Management LLC 0.02% of their portfolio | 26.5k $3.6m | Added +7.9k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 26.2k $4.4m | Reduced -1.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 24.7k $3.4m | Reduced -7.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 23.4k $3.2m | Unchanged |
| EFG Asset Management (North America) Corp. 0.44% of their portfolio | 22.9k $3.1m | Added +5.5k |
| Biondo Investment Advisors, LLC 0.38% of their portfolio | 21.2k $2.9m | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 20.8k $2.9m | Reduced -3.8k |
| SYNOVUS FINANCIAL CORP 0.03% of their portfolio | 20.6k $2.8m | New |
| Atle Fund Management AB 1.19% of their portfolio | 20.2k $2.8m | Reduced -3.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 20.1k $2.8m | Unchanged |
| TD Asset Management Inc 0.00% of their portfolio | 20.1k $2.8m | Reduced -20.2k |
| Edgestream Partners, L.P. 0.08% of their portfolio | 19.7k $2.7m | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 19.3k $2.7m | Added +609 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 19.1k $2.6m | Reduced -2.6k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 18.7k $2.6m | Added +110 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 18.4k $2.5m | Reduced -588 |
| Erste Asset Management GmbH 0.02% of their portfolio | 18.2k $2.5m | Unchanged |
| ALPS ADVISORS INC 0.01% of their portfolio | 17.5k $2.4m | Added +15.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 16.5k $2.3m | Reduced -588 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 15.7k $2.2m | Reduced -329 |
| Fiera Capital Corp 0.01% of their portfolio | 15.5k $2.1m | Reduced -134 |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 15.5k $2.1m | Unchanged |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 15.3k $2.1m | Reduced -610 |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 15.1k $2.1m | Added +1.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 15.1k $2.1m | Added +2.7k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 15.0k $2.1m | Added +4.7k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 14.7k $2.0m | Added +222 |
| Fieldview Capital Management, LLC 0.30% of their portfolio | 14.5k $2.0m | Reduced -1.8k |
| Rhenman & Partners Asset Management AB 0.22% of their portfolio | 12.8k $1.8m | Reduced -5.0k |
| SG Americas Securities, LLC 0.01% of their portfolio | 12.6k $1.7m | Added +11.3k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 12.6k $1.7m | Reduced -47.8k |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 12.3k $1.7m | Reduced -451 |
| Evolutionary Tree Capital Management, LLC 1.79% of their portfolio | 12.3k $1.7m | Reduced -1.0k |