Vault-13

MOONLAKE IMMUNOTHERAPEUTICS MLTX

CLASS A ORD · Common Stock · CUSIP 61559X104

44 institutional holders +10 vs Q4 2022
39,864,83339.9m shares reported held*
$852.7mreported value*
21 new 11 added 6 reduced 10 sold out net bought ≈ $46.6m (+2.2m shares)

* 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 ($636.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $21.39.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 24Q4 22: 34Q1 23: 4444Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202224
Q4 202234
Q1 202344

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 17 bought or addedQ4 22: 11 cut or sold outQ4 22Q1 23: 32 bought or addedQ1 23: 16 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221711
Q1 20233216

Biggest buyers

ADAGE CAPITAL PARTNERS GP, L.L.C. New +1,668,871+1.7m
Cormorant Asset Management, LP Added +827,100+827.1k
FEDERATED HERMES, INC. New +804,499+804.5k
FMR LLC Added +765,364+765.4k
JPMORGAN CHASE & CO Added +258,378+258.4k
Ghost Tree Capital, LLC New +195,000+195.0k
Invesco Ltd. New +176,770+176.8k
HighVista Strategies LLC New +122,201+122.2k
FRED ALGER MANAGEMENT, LLC New +106,920+106.9k
SILVERARC CAPITAL MANAGEMENT, LLC New +105,750+105.8k

Biggest sellers

TCG Crossover Management, LLC Sold out -1,000,000-1.0m
BlackRock Inc. Reduced -626,828-626.8k
BRAIDWELL LP Sold out -381,120-381.1k
GREAT POINT PARTNERS LLC Reduced -364,232-364.2k
Tekla Capital Management LLC Sold out -300,000-300.0k
TANG CAPITAL MANAGEMENT LLC Sold out -245,714-245.7k
AXA S.A. Reduced -103,930-103.9k
ACUTA CAPITAL PARTNERS, LLC Sold out -93,500-93.5k
CITIGROUP INC Reduced -89,041-89.0k
UBS Group AG Reduced -65,428-65.4k

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.

HolderStakeChangeShares Last filed
BIOTECHNOLOGY VALUE FUND L P 13D · may seek influence -2.6 pts · filed 2026-06-29 19.7% -2.6 pts 16.0m≈ $311.5m 2026-06-29
Deep Track Capital, LP 13G · passive investor +3.3 pts · filed 2026-08-14 9.7% +3.3 pts 8.0m≈ $155.7m 2026-08-14
T. Rowe Price Investment Management, Inc. 13G · institution new · filed 2026-08-14 5.3% new 4.3m≈ $83.3m 2026-08-14

Fell to 5% or below in the last year: Cormorant Asset Management, LP (4.3%, 2026-08-14)

Insider purchases and sales in Q1 2023

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.

DateInsiderTradeSharesPrice ValueTheir holding
2023-03-21 Chen Bihua 10% owner · See Footnotes Bought 238,511 $21.70 $5.2m238.5k shares +7%
2023-03-20 Chen Bihua 10% owner · See Footnotes Bought 588,589 $19.70 $11.6m588.6k shares +21%

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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BVF INC/IL 17.01% of their portfolio San Francisco, CA 21,751,28421.8m $465.3m $465.3m 17.01% Unchanged
2 Cormorant Asset Management, LP 9.71% of their portfolio BOSTON, MA 6,892,1016.9m $147.4m $147.4m 9.71% Added +827.1k +827,100
3 CITADEL ADVISORS LLC 0.07% of their portfolio MIAMI, FL 2,923,4382.9m $62.5m $62.5m 0.07% Added +37.3k +37,346
4 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.08% of their portfolio Boston, MA 1,668,8711.7m $35.7m $35.7m 0.08% New
5 FMR LLC 0.00% of their portfolio BOSTON, MA 950,864950.9k $20.3m $20.3m 0.00% Added +765.4k +765,364
6 Polar Capital Holdings Plc 0.14% of their portfolio London, X0 876,377876.4k $18.7m $18.7m 0.14% Unchanged
7 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 830,906830.9k $17.8m $17.8m 0.00% Added +8.3k +8,305
8 FEDERATED HERMES, INC. 0.04% of their portfolio PITTSBURGH, PA 804,499804.5k $17.2m $17.2m 0.04% New
9 RTW INVESTMENTS, LP 0.22% of their portfolio NEW YORK, NY 500,000500.0k $10.7m $10.7m 0.22% Unchanged
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 303,222303.2k $6.5m $6.5m 0.00% Added +258.4k +258,378
11 AXA S.A. 0.02% of their portfolio PARIS, I0 301,354301.4k $6.4m $6.4m 0.02% Reduced -103.9k -103,930
12 GREAT POINT PARTNERS LLC 1.18% of their portfolio Greenwich, CT 278,334278.3k $6.0m $6.0m 1.18% Reduced -364.2k -364,232
13 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 197,707197.7k $4.2m $4.2m 0.01% Reduced -20.3k -20,292
14 Ghost Tree Capital, LLC 1.58% of their portfolio NEW YORK, NY 195,000195.0k $4.2m $4.2m 1.58% New
15 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 176,770176.8k $3.8m $3.8m 0.00% New
16 HighVista Strategies LLC 2.13% of their portfolio BOSTON, MA 122,201122.2k $2.6m $2.6m 2.13% New
17 BlackRock Inc. 0.00% of their portfolio New York, NY 114,930114.9k $2.5m $2.5m 0.00% Reduced -626.8k -626,828
18 FRED ALGER MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 106,920106.9k $2.3m $2.3m 0.01% New
19 SILVERARC CAPITAL MANAGEMENT, LLC 1.02% of their portfolio BOSTON, MA 105,750105.8k $2.3m $2.3m 1.02% New
20 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 77,27677.3k $1.7m $1.7m 0.00% Reduced -89.0k -89,041
21 Granahan Investment Management, LLC 0.05% of their portfolio WALTHAM, MA 73,63773.6k $1.6m $1.6m 0.05% New
22 Ally Bridge Group (NY) LLC 2.04% of their portfolio NEW YORK, NY 72,85072.8k $1.6m $1.6m 2.04% New
23 Jefferies Financial Group Inc. 0.03% of their portfolio NEW YORK, NY 69,71369.7k $1.5m $1.5m 0.03% Added +2.1k +2,059
24 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 67,31267.3k $1.4m $1.4m 0.00% Unchanged
25 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 59,85859.9k $1.3m $1.3m 0.01% New
26 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 48,55048.5k $1.0m $1.0m 0.00% New
27 5AM Venture Management, LLC 0.21% of their portfolio SAN FRANCISCO, CA 38,85638.9k $831.1k $831.1k 0.21% New
28 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 37,20037.2k $795.7k $795.7k 0.01% New
29 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 35,07135.1k $750.0k $750.0k 0.00% New
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 32,51932.5k $695.6k $695.6k 0.00% Added +5.2k +5,154
31 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 29,74829.7k $636.3k $636.3k 0.00% New
32 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 26,03426.0k $556.9k $556.9k 0.00% New
33 Velan Capital Investment Management LP 0.44% of their portfolio ALPHARETTA, GA 23,40023.4k $500.5k $500.5k 0.44% New
34 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 22,70022.7k $486.0k $486.0k 0.00% Added +11.1k +11,091
35 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 17,10917.1k $366.0k $366.0k 0.00% Added +5.7k +5,658
36 SVB FINANCIAL GROUP 0.66% of their portfolio Dallas, TX 16,17316.2k $345.9k $345.9k 0.66% Unchanged
37 BOULDER HILL CAPITAL MANAGEMENT LP 0.25% of their portfolio NEW YORK, NY 14,50014.5k $310.2k $310.2k 0.25% New
38 Ensign Peak Advisors, Inc 0.00% of their portfolio SALT LAKE CITY, UT 11,57511.6k $247.6k $247.6k 0.00% New
39 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 10,28010.3k $219.9k $219.9k 0.00% Added +2.4k +2,380
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,9608.0k $170.3k $170.3k 0.00% Reduced -65.4k -65,428
41 Dorsey Wright & Associates 0.01% of their portfolio PASADENA, CA 1,0001.0k $21.4k $21.4k 0.01% New
42 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 656656 $14.0k $14.0k 0.00% Added +580 +580
43 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 7676 $1.6k $1.6k 0.00% New
44 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged