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 ($1.0m this quarter). Holder counts are more reliable. Shares outstanding: 29.5m as of 2026-04-29, 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 ≈ $258.13. Options: 8 managers hold calls ($81.0m notional), 8 hold puts ($31.8m).
Trends to Q1 2026
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 |
| Q3 2025 | 285 |
| Q4 2025 | 336 |
| Q1 2026 | 369 |
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 2024 | 145 | 111 |
| Q3 2024 | 158 | 103 |
| Q4 2024 | 122 | 150 |
| Q1 2025 | 150 | 138 |
| Q2 2025 | 141 | 160 |
| Q3 2025 | 150 | 117 |
| Q4 2025 | 172 | 131 |
| Q1 2026 | 203 | 140 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $60.6m | $68.0m | 1.12 |
| Q3 2025 | $43.1m | $118.2m | 2.74 |
| Q4 2025 | $53.0m | $21.6m | 0.41 |
| Q1 2026 | $81.0m | $31.8m | 0.39 |
Biggest buyers
| Soleus Capital Management, L.P. | Added | +212.0k |
| Invesco Ltd. | Added | +191.4k |
| FIRST TRUST ADVISORS LP | Added | +105.2k |
| RAYMOND JAMES FINANCIAL INC | Added | +79.5k |
| Bellevue Group AG | Added | +71.5k |
| BANK OF AMERICA CORP /DE/ | Added | +69.8k |
| FRANKLIN RESOURCES INC | Added | +53.6k |
| JANUS HENDERSON GROUP PLC | Added | +47.2k |
| GILDER GAGNON HOWE & CO LLC | New | +40.1k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +39.1k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -383.8k |
| MARSHALL WACE, LLP | Reduced | -115.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -78.6k |
| Corient Private Wealth LP | Reduced | -73.1k |
| BARCLAYS PLC | Reduced | -55.1k |
| ORBIMED ADVISORS LLC | Reduced | -50.7k |
| Skandinaviska Enskilda Banken AB (publ) | Sold out | -46.7k |
| Pictet Asset Management Holding SA | Reduced | -45.9k |
| Nuveen, LLC | Reduced | -45.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -44.9k |
Biggest calls
| Caption Management, LLC | Added | $43.9m170.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $23.9m92.7k shares |
| CITADEL ADVISORS LLC | Added | $4.9m18.9k shares |
| JANE STREET GROUP, LLC | Reduced | $4.8m18.5k shares |
| D. E. Shaw & Co., Inc. | New | $2.4m9.4k shares |
| IMC-Chicago, LLC | New | $775.0k3.0k shares |
| SIMPLEX TRADING, LLC | Added | $155.0k600 shares |
| Walleye Capital LLC | New | $155.0k600 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.3m63.1k shares |
| Caption Management, LLC | Unchanged | $5.2m20.0k shares |
| UBS Group AG | New | $4.2m16.1k shares |
| CITADEL ADVISORS LLC | Added | $2.7m10.5k shares |
| JANE STREET GROUP, LLC | Reduced | $1.9m7.3k shares |
| IMC-Chicago, LLC | New | $1.2m4.8k shares |
| Walleye Capital LLC | New | $232.5k900 shares |
| SIMPLEX TRADING, LLC | Added | $103.3k400 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 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.
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 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 | — | — |
| Q3 2025 | 0 | — | 2 | $7.5m | $7.5m |
| Q4 2025 | 0 | — | 2 | $12.3m | $12.3m |
| Q1 2026 | 0 | — | 5 | $41.1m | $36.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-04 | Krishnan Suma President, R&D, director | Sold plan | $6.6m25.0k shares |
| 2026-03-04 | Krishnan Krish S President and CEO, director | Sold plan | $6.6m25.0k shares |
| 2026-03-02 | ROMANO KATHRYN Chief Accounting Officer | Sold plan | $200.7k750 shares |
| 2026-02-27 | JANNEY DANIEL Director · Directly beneficially owned by Alta Bioequities, L.P. | Sold plan | $3.3m11.8k shares |
| 2026-02-26 | JANNEY DANIEL Director | Sold plan | $2.1m7.7k shares |
| 2026-02-25 | JANNEY DANIEL Director | Sold plan | $192.5k700 shares |
| 2026-02-24 | JANNEY DANIEL Director | Sold plan | $10.1m37.9k shares |
| 2026-02-24 | JANNEY DANIEL Director | Sold plan | $3.7m13.8k shares |
| 2026-02-24 | JANNEY DANIEL Director · Directly beneficially owned by Alta Bioequities, L.P. | Sold plan | $16.3k62 shares |
| 2026-02-19 | ROSSI DINO A Director | Sold | $5.0m18.9k shares |
| 2026-02-09 | ROMANO KATHRYN Chief Accounting Officer | Sold plan | $3.4m12.5k 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 2026
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.06% of their portfolio | 4.4m $1.1bn | Added +24.4k |
| BlackRock, Inc. 0.02% of their portfolio | 3.9m $1.0bn | Added +2.6k |
| Avoro Capital Advisors LLC 7.35% of their portfolio | 2.9m $746.3m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 1.5m $376.3m | First filing |
| STATE STREET CORP 0.01% of their portfolio | 1.3m $339.5m | Reduced -27.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.2m $301.0m | First filing |
| Soleus Capital Management, L.P. 12.06% of their portfolio | 1.2m $297.9m | Added +212.0k |
| Capital World Investors 0.03% of their portfolio | 824.7k $213.0m | Added +15.2k |
| Redmile Group, LLC 11.52% of their portfolio | 673.5k $174.0m | Reduced -4.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 644.0k $166.4m | Added +32.1k |
| Hood River Capital Management LLC 1.61% of their portfolio | 619.6k $160.1m | Added +6.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 485.1k $125.3m | Reduced -44.9k |
| Bellevue Group AG 2.96% of their portfolio | 481.8k $124.5m | Added +71.5k |
| Frazier Life Sciences Management, L.P. 3.20% of their portfolio | 481.3k $124.3m | Reduced -7.2k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 469.0k $121.1m | Reduced -24.0k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.35% of their portfolio | 407.2k $105.2m | Added +30.8k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 350.5k $90.5m | Added +105.2k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 266.7k $68.9m | Added +47.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 260.6k $67.3m | Added +69.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 252.5k $65.2m | Added +5.0k |
| Invesco Ltd. 0.01% of their portfolio | 251.4k $64.9m | Added +191.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 242.0k $62.5m | Reduced -788 |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 214.9k $55.5m | Reduced -78.6k |
| MORGAN STANLEY 0.00% of their portfolio | 209.1k $54.0m | Reduced -12.4k |
| BRAIDWELL LP 1.57% of their portfolio | 182.4k $47.1m | Reduced -19.7k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 179.3k $46.3m | Added +53.6k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 179.2k $46.3m | First filing |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 162.1k $41.9m | Reduced -3.0k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 156.1k $39.5m | Added +79.5k |
| Woodline Partners LP 0.15% of their portfolio | 150.6k $38.9m | Unchanged |
| Bank of New York Mellon Corp 0.01% of their portfolio | 149.3k $38.6m | Reduced -2.0k |
| UBS Group AG 0.01% of their portfolio | 143.5k $37.1m | Reduced -16.1k |
| Nuveen, LLC 0.01% of their portfolio | 143.4k $37.0m | Reduced -45.7k |
| TimesSquare Capital Management, LLC 0.49% of their portfolio | 112.3k $29.0m | Added +14.9k |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 110.7k $28.6m | Reduced -45.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 108.4k $28.0m | Added +5.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 99.1k $24.5m | Reduced -35.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 93.0k $24.0m | Added +39.1k |
| Public Sector Pension Investment Board 0.07% of their portfolio | 92.3k $23.8m | Added +2.9k |
| Handelsbanken Fonder AB 0.08% of their portfolio | 91.4k $23.6m | Reduced -14.4k |
| S SQUARED TECHNOLOGY, LLC 8.43% of their portfolio | 86.2k $22.3m | Reduced -10.0k |
| SEGALL BRYANT & HAMILL, LLC 0.29% of their portfolio | 79.5k $20.5m | Reduced -3.7k |
| Biondo Investment Advisors, LLC 2.39% of their portfolio | 72.0k $18.6m | Added +3.9k |
| ORBIMED ADVISORS LLC 0.39% of their portfolio | 69.1k $17.8m | Reduced -50.7k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 68.3k $17.7m | Reduced -115.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 68.1k $17.6m | Added +1.7k |
| C WorldWide Group Holding A/S 0.38% of their portfolio | 67.8k $17.5m | Reduced -18.0k |
| ACT CAPITAL MANAGEMENT, LLC 12.28% of their portfolio | 60.5k $15.6m | Reduced -23 |
| Legal & General Group Plc 0.00% of their portfolio | 59.0k $15.3m | Reduced -4.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 49.8k $12.9m | Reduced -2.5k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 46.6k $12.0m | Added +14.3k |
| Bridgewater Associates, LP 0.05% of their portfolio | 46.4k $12.0m | Added +36.4k |
| SEB Asset Management AB 0.05% of their portfolio | 46.3k $12.0m | First filing |
| Palisades Investment Partners, LLC 4.60% of their portfolio | 45.4k $11.7m | Added +2.6k |
| TD Asset Management Inc 0.01% of their portfolio | 43.3k $11.2m | Reduced -10.8k |
| Swiss National Bank 0.01% of their portfolio | 43.0k $11.1m | Added +100 |
| 1832 Asset Management L.P. 0.01% of their portfolio | 42.6k $11.0m | Added +25.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 40.7k $10.5m | Added +14.3k |
| GILDER GAGNON HOWE & CO LLC 0.12% of their portfolio | 40.1k $10.4m | New |
| Atle Fund Management AB 2.19% of their portfolio | 37.6k $6.8m | Added +3.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 36.9k $9.5m | Added +3.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 36.1k $9.3m | Reduced -4.6k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 35.9k $9.3m | Reduced -1.4k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 35.5k $9.2m | Added +954 |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 33.1k $8.5m | Added +32.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 31.9k $7.9m | Added +400 |
| CASTLEARK MANAGEMENT LLC 0.27% of their portfolio | 31.6k $8.2m | Added +2.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 31.3k $8.1m | Unchanged |
| CITIGROUP INC 0.01% of their portfolio | 31.2k $8.1m | Added +1.2k |
| Aberdeen Group plc 0.01% of their portfolio | 30.2k $7.8m | Reduced -9.2k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 29.6k $7.7m | Added +2.6k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 27.8k $7.2m | Added +24.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 26.2k $6.8m | Reduced -2.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 26.2k $6.8m | Added +5.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 24.8k $6.4m | Added +2.4k |
| Granite Investment Partners, LLC 0.39% of their portfolio | 24.3k $6.3m | Reduced -1.5k |
| Fiera Capital Corp 0.02% of their portfolio | 24.1k $6.2m | Added +5.3k |
| Elmind Capital, LP 1.61% of their portfolio | 22.0k $5.7m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 21.4k $5.5m | Reduced -674 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 20.7k $5.3m | Added +6.2k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 20.6k $5.3m | First filing |
| BESSEMER GROUP INC 0.01% of their portfolio | 20.3k $5.2m | Added +25 |
| Pinnacle Financial Partners, Inc. 0.04% of their portfolio | 20.2k $5.2m | Added +3.2k |
| EFG International AG 0.11% of their portfolio | 20.0k $5.2m | Reduced -3.5k |
| ADAR1 Capital Management, LLC 0.31% of their portfolio | 20.0k $5.2m | Unchanged |
| Tetragon Partners GP Ltd 1.00% of their portfolio | 19.7k $5.1m | Added +7.9k |
| GW&K Investment Management, LLC 0.04% of their portfolio | 19.2k $5.0m | Reduced -336 |
| Lisanti Capital Growth, LLC 1.21% of their portfolio | 18.5k $4.8m | New |
| ZACKS INVESTMENT MANAGEMENT 0.04% of their portfolio | 17.9k $4.6m | New |
| Campbell & CO Investment Adviser LLC 0.26% of their portfolio | 17.8k $4.6m | New |
| Rafferty Asset Management, LLC 0.02% of their portfolio | 17.7k $4.6m | Reduced -6.6k |
| State of Alaska, Department of Revenue 0.05% of their portfolio | 17.5k $4.5m | Reduced -418 |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 17.2k $4.5m | Reduced -508 |
| Rhenman & Partners Asset Management AB 0.53% of their portfolio | 16.7k $4.3m | Reduced -8.3k |
| Informed Momentum Co LLC 0.49% of their portfolio | 16.5k $4.3m | Reduced -8.2k |
| Creative Planning 0.00% of their portfolio | 15.9k $4.1m | Added +2.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 15.8k $4.1m | Unchanged |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 15.6k $4.0m | Reduced -13 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 15.1k $3.9m | Added +2.2k |
| CIM, LLC 0.56% of their portfolio | 15.0k $3.9m | New |