MIRUM PHARMACEUTICALS INC MIRM
COM · Common Stock · CUSIP 604749101 · ISIN US6047491013
Biopharmaceutical company
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersFoster City, CA
- Founded2018
- Websitemirumpharma.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 ($2.2m this quarter). Holder counts are more reliable. Shares outstanding: 51.4m as of 2025-10-31, 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 ≈ $78.99. Options: 5 managers hold calls ($4.5m notional), 2 hold puts ($876.8k).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 112 |
| Q4 2022 | 105 |
| Q1 2023 | 119 |
| Q2 2023 | 148 |
| Q3 2023 | 161 |
| Q4 2023 | 189 |
| Q1 2024 | 174 |
| Q2 2024 | 163 |
| Q3 2024 | 180 |
| Q4 2024 | 207 |
| Q1 2025 | 216 |
| Q2 2025 | 216 |
| Q3 2025 | 273 |
| Q4 2025 | 285 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 91 | 89 |
| Q2 2024 | 88 | 83 |
| Q3 2024 | 108 | 60 |
| Q4 2024 | 105 | 76 |
| Q1 2025 | 117 | 87 |
| Q2 2025 | 111 | 112 |
| Q3 2025 | 160 | 90 |
| Q4 2025 | 150 | 120 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $2.4m | $4.8m | 1.97 |
| Q2 2025 | $1.5m | $5.1m | 3.27 |
| Q3 2025 | $7.2m | $7.7m | 1.08 |
| Q4 2025 | $4.5m | $876.8k | 0.19 |
Biggest buyers
| JANUS HENDERSON GROUP PLC | Added | +1.1m |
| STATE STREET CORP | Added | +797.1k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +447.1k |
| Soleus Capital Management, L.P. | Added | +424.9k |
| BANK OF AMERICA CORP /DE/ | Added | +323.0k |
| Hood River Capital Management LLC | New | +280.0k |
| GOLDMAN SACHS GROUP INC | Added | +273.5k |
| PERCEPTIVE ADVISORS LLC | New | +259.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | New | +257.2k |
| Logos Global Management LP | New | +225.0k |
Biggest sellers
| Point72 Asset Management, L.P. | Reduced | -600.0k |
| EVENTIDE ASSET MANAGEMENT, LLC | Reduced | -429.0k |
| MACQUARIE GROUP LTD | Sold out | -393.2k |
| JANE STREET GROUP, LLC | Sold out | -254.5k |
| MORGAN STANLEY | Reduced | -244.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -239.8k |
| CITADEL ADVISORS LLC | Reduced | -200.3k |
| Clearbridge Investments, LLC | Reduced | -137.8k |
| BOONE CAPITAL MANAGEMENT LLC | Reduced | -114.5k |
| Trexquant Investment LP | Sold out | -110.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.1m26.2k shares |
| CITADEL ADVISORS LLC | Reduced | $1.0m12.7k shares |
| Point72 Asset Management, L.P. | New | $647.7k8.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $545.0k6.9k shares |
| JANE STREET GROUP, LLC | Reduced | $284.4k3.6k shares |
Biggest puts
| Point72 Asset Management, L.P. | New | $647.7k8.2k shares |
| JANE STREET GROUP, LLC | Reduced | $229.1k2.9k 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 |
|---|---|
| Janus Henderson Group Ltd. 13G · institution -2.1 pts · filed 2026-08-13 | 9.7% |
Frazier Life Sciences IX, L.P.
13D · may seek influence
-0.8 pts · filed 2026-01-27
Stated purposeItem 4 is hereby amended and restated in its entirety to read as follows: Each of FLS IX, FLS X, FLSPF, FLS XI and FLS XII acquired the FLS IX Shares, the FLS X Shares, the FLSPF Shares, the FLS XI Shares and the FLS XII Shares, as the case may be, for investment purposes. Depending on market conditions, its continuing evaluation of the business and prospects of the Issuer and other factors, FLS IX, FLS X, FLSPF, FLS XI and FLS XII and the other Reporting Persons may dispose of or acquire additional shares of the Issuer. Except as set forth above, none of the Reporting Persons has any present plans which relate to or would result in: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporat… Full filing |
6.8% |
| FMR LLC 13G · institution new · filed 2026-08-06 | 6.2% |
| BlackRock, Inc. 13G · institution filed 2026-04-27 | 5.7% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27), EVENTIDE ASSET MANAGEMENT, LLC (4.1%, 2026-02-13), BIOTECHNOLOGY VALUE FUND L P (3.0%, 2025-11-14)
Insider purchases and sales in Q4 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 |
|---|---|---|---|---|---|
| Q1 2024 | 1 | $101.2k | 5 | $617.5k | — |
| Q2 2024 | 0 | — | 2 | $1.2m | $1.2m |
| Q3 2024 | 1 | $13.9k | 1 | $12.8k | — |
| Q4 2024 | 0 | — | 1 | $117.8k | — |
| Q1 2025 | 1 | $280.1k | 4 | $8.7m | $4.5m |
| Q2 2025 | 0 | — | 2 | $532.9k | — |
| Q3 2025 | 0 | — | 5 | $7.3m | $5.3m |
| Q4 2025 | 0 | — | 2 | $11.6m | $11.6m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-22 | Ramasastry Saira Director | Sold plan | $400.0k5.0k shares |
| 2025-12-19 | GREY MICHAEL G Director | Sold plan | $3.9m50.0k shares |
| 2025-12-18 | Ramasastry Saira Director | Sold plan | $139.5k2.0k shares |
| 2025-12-01 | GREY MICHAEL G Director | Sold plan | $3.7m50.0k shares |
| 2025-11-21 | GREY MICHAEL G Director | Sold plan | $3.5m50.0k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Frazier Life Sciences Management, L.P. 14.42% of their portfolio | 6.8m $536.7m | Unchanged |
| JANUS HENDERSON GROUP PLC 0.21% of their portfolio | 6.1m $479.1m | Added +1.1m |
| BlackRock, Inc. 0.00% of their portfolio | 3.6m $287.9m | Added +42.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.6m $205.1m | Added +50.7k |
| STATE STREET CORP 0.01% of their portfolio | 2.1m $169.4m | Added +797.1k |
| EVENTIDE ASSET MANAGEMENT, LLC 2.58% of their portfolio | 2.1m $165.4m | Reduced -429.0k |
| BVF INC/IL 3.98% of their portfolio | 1.5m $118.1m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.4m $112.2m | Added +137.1k |
| NOVO HOLDINGS A/S 7.75% of their portfolio | 1.3m $99.8m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 1.2m $97.8m | Added +447.1k |
| TANG CAPITAL MANAGEMENT LLC 4.82% of their portfolio | 1.2m $97.6m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.1m $84.0m | Added +52.9k |
| D. E. Shaw & Co., Inc. 0.06% of their portfolio | 948.2k $74.9m | Added +24.7k |
| Clearbridge Investments, LLC 0.05% of their portfolio | 866.0k $68.4m | Reduced -137.8k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 840.2k $66.4m | Reduced -200.3k |
| Polar Capital Holdings Plc 0.29% of their portfolio | 793.6k $62.7m | Reduced -26.9k |
| Rock Springs Capital Management LP 3.09% of their portfolio | 762.3k $60.2m | Added +1.2k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 724.3k $57.2m | Added +273.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 713.5k $56.4m | Added +323.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 655.8k $51.8m | Added +54.7k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 650.7k $51.4m | Added +49.6k |
| FMR LLC 0.00% of their portfolio | 646.5k $51.1m | Added +6.2k |
| LORD, ABBETT & CO. LLC 0.14% of their portfolio | 580.0k $45.8m | Reduced -82.0k |
| Pictet Asset Management Holding SA 0.04% of their portfolio | 577.3k $45.6m | Added +36.0k |
| Soleus Capital Management, L.P. 1.92% of their portfolio | 573.6k $45.3m | Added +424.9k |
| Candriam S.C.A. 0.22% of their portfolio | 569.6k $45.0m | Added +166.6k |
| Woodline Partners LP 0.17% of their portfolio | 567.9k $44.9m | Unchanged |
| Bank of New York Mellon Corp 0.01% of their portfolio | 565.6k $44.7m | Added +120.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.11% of their portfolio | 521.7k $41.2m | Added +25.7k |
| LOOMIS SAYLES & CO L P 0.05% of their portfolio | 515.0k $40.7m | Reduced -24.1k |
| Nuveen, LLC 0.01% of their portfolio | 503.0k $39.7m | Reduced -98.6k |
| FEDERATED HERMES, INC. 0.06% of their portfolio | 482.0k $38.1m | Added +135.4k |
| First Turn Management, LLC 4.35% of their portfolio | 481.6k $38.0m | Reduced -89.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio | 467.5k $36.9m | Reduced -30.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 439.1k $34.7m | Reduced -74.4k |
| MORGAN STANLEY 0.00% of their portfolio | 425.7k $33.6m | Reduced -244.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.05% of their portfolio | 421.8k $33.3m | First filing |
| BOONE CAPITAL MANAGEMENT LLC 10.44% of their portfolio | 421.2k $33.3m | Reduced -114.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 409.3k $32.3m | Added +14.8k |
| TimesSquare Capital Management, LLC 0.47% of their portfolio | 395.8k $31.3m | Added +95.2k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 388.5k $30.7m | Added +45.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 374.9k $29.6m | Reduced -10.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 372.5k $29.4m | Reduced -239.8k |
| NEXT CENTURY GROWTH INVESTORS LLC 2.02% of their portfolio | 368.0k $29.1m | Added +7.1k |
| EMERALD ADVISERS, LLC 0.89% of their portfolio | 367.1k $29.0m | Reduced -2.5k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 336.7k $26.6m | Added +23.4k |
| UBS Group AG 0.01% of their portfolio | 320.8k $25.3m | Added +44.9k |
| Patient Square Capital LP 5.05% of their portfolio | 298.7k $23.6m | Added +194.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 297.9k $23.5m | Reduced -91.6k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 285.9k $22.6m | Reduced -31.3k |
| Penn Capital Management Company, LLC 1.78% of their portfolio | 281.9k $22.3m | Reduced -26.1k |
| Hood River Capital Management LLC 0.24% of their portfolio | 280.0k $22.1m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 271.5k $21.4m | Added +68.4k |
| NORGES BANK 0.00% of their portfolio | 263.2k $20.8m | Not comparable |
| PERCEPTIVE ADVISORS LLC 0.38% of their portfolio | 259.5k $20.5m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 257.2k $20.3m | New |
| Erste Asset Management GmbH 0.17% of their portfolio | 250.0k $19.8m | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 246.4k $19.5m | Reduced -5.3k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 244.3k $19.3m | Reduced -64.8k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.93% of their portfolio | 242.3k $19.1m | Added +23.3k |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 232.1k $18.3m | Reduced -44.3k |
| NAN FUNG TRINITY (HK) LTD 1.42% of their portfolio | 227.5k $18.0m | Added +71.2k |
| Logos Global Management LP 1.18% of their portfolio | 225.0k $17.8m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 217.6k $17.2m | Reduced -25.8k |
| Handelsbanken Fonder AB 0.05% of their portfolio | 213.5k $16.9m | New |
| Nicholas Investment Partners, LP 1.23% of their portfolio | 213.4k $16.9m | Reduced -3.7k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 209.2k $16.5m | Reduced -69.6k |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 190.6k $15.1m | Reduced -600.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 186.7k $14.7m | Added +2.4k |
| SEGALL BRYANT & HAMILL, LLC 0.20% of their portfolio | 185.0k $14.6m | New |
| ALGERT GLOBAL LLC 0.21% of their portfolio | 174.2k $13.8m | Reduced -16.4k |
| Voleon Capital Management LP 0.29% of their portfolio | 173.1k $13.7m | Added +86.5k |
| Squarepoint Ops LLC 0.03% of their portfolio | 172.4k $13.6m | Added +44.5k |
| Legal & General Group Plc 0.00% of their portfolio | 168.4k $13.3m | Added +1.2k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.72% of their portfolio | 164.4k $13.0m | Reduced -297 |
| Palo Alto Investors LP 1.72% of their portfolio | 156.4k $12.4m | Added +91.7k |
| CITIGROUP INC 0.01% of their portfolio | 146.0k $11.5m | Reduced -1.3k |
| PDT Partners, LLC 0.74% of their portfolio | 145.4k $11.5m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 142.1k $11.2m | Added +26.4k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 137.7k $10.9m | Reduced -6.5k |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 134.0k $10.6m | Unchanged |
| Highlander Partners, L.P. 3.49% of their portfolio | 123.0k $9.7m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 115.4k $9.1m | Added +88.4k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 1.34% of their portfolio | 111.3k $8.8m | Reduced -2.1k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 109.0k $8.6m | Added +63.9k |
| Rhenman & Partners Asset Management AB 0.78% of their portfolio | 106.3k $8.4m | Added +50.0k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 102.7k $8.1m | Added +62.9k |
| Hennion & Walsh Asset Management, Inc. 0.27% of their portfolio | 98.3k $7.8m | Reduced -17.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 97.4k $7.7m | Reduced -103.0k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.05% of their portfolio | 90.1k $7.1m | Unchanged |
| Atle Fund Management AB 2.26% of their portfolio | 89.7k $7.1m | Reduced -3.9k |
| Swiss National Bank 0.00% of their portfolio | 74.3k $5.9m | Added +2.3k |
| Rafferty Asset Management, LLC 0.02% of their portfolio | 72.9k $5.8m | Added +39.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 72.2k $5.7m | Added +59.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 67.7k $5.4m | Reduced -11.1k |
| Vestal Point Capital, LP 0.19% of their portfolio | 66.0k $5.2m | New |
| Invesco Ltd. 0.00% of their portfolio | 65.0k $5.1m | Reduced -36.5k |
| CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio | 62.3k $4.9m | Added +26.2k |
| TCG Crossover Management, LLC 0.16% of their portfolio | 62.0k $4.9m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 59.2k $4.7m | Reduced -1.5k |