Vault-13

MOONLAKE IMMUNOTHERAPEUTICS MLTX

CLASS A ORD · Common Stock · CUSIP 61559X104

85 institutional holders +41 vs Q1 2023
56,256,61956.3m shares reported held*
$2.9bnreported value*
48 new 25 added 8 reduced 7 sold out net bought ≈ $834.5m (+16.4m 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. Holder counts are more reliable. Implied quarter-end price ≈ $51.00.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 24Q4 22: 34Q1 23: 44Q2 23: 8585Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202224
Q4 202234
Q1 202344
Q2 202385

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 17 bought or addedQ4 22: 11 cut or sold outQ4 22Q1 23: 32 bought or addedQ1 23: 16 cut or sold outQ1 23Q2 23: 73 bought or addedQ2 23: 15 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221711
Q1 20233216
Q2 20237315

Biggest buyers

FMR LLC Added +2,426,881+2.4m
Avoro Capital Advisors LLC New +1,725,000+1.7m
Cormorant Asset Management, LP Added +1,249,999+1.2m
T. Rowe Price Investment Management, Inc. New +1,148,809+1.1m
PRICE T ROWE ASSOCIATES INC /MD/ Added +1,112,150+1.1m
PICTET ASSET MANAGEMENT SA New +894,005+894.0k
ALLIANCEBERNSTEIN L.P. New +837,759+837.8k
Polar Capital Holdings Plc Added +739,012+739.0k
FRED ALGER MANAGEMENT, LLC Added +640,685+640.7k
BANQUE PICTET & CIE SA New +640,000+640.0k

Biggest sellers

CITADEL ADVISORS LLC Reduced -902,830-902.8k
ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -296,543-296.5k
GREAT POINT PARTNERS LLC Sold out -278,334-278.3k
AXA S.A. Reduced -146,422-146.4k
Balyasny Asset Management L.P. Reduced -128,366-128.4k
CITIGROUP INC Reduced -76,673-76.7k
Cubist Systematic Strategies, LLC Sold out -59,858-59.9k
Point72 Asset Management, L.P. Sold out -29,748-29.7k
JANE STREET GROUP, LLC Sold out -26,034-26.0k
BOULDER HILL CAPITAL MANAGEMENT LP Sold out -14,500-14.5k

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), Avoro Capital Advisors LLC (3.1%, 2025-11-14)

Insider purchases and sales in Q2 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
2023-06-30 Chen Bihua 10% owner · See Footnotes Bought 800,000 $50.00 $40.0m800.0k shares +19%
2023-06-26 Chen Bihua 10% owner · See Footnotes Bought 450,000 $45.63 $20.5m450.0k shares +12%

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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BVF INC/IL 30.92% of their portfolio San Francisco, CA 21,751,28421.8m $1.1bn $1.1bn 30.92% Unchanged
2 Cormorant Asset Management, LP 23.65% of their portfolio BOSTON, MA 8,142,1008.1m $415.2m $415.2m 23.65% Added +1.2m +1,249,999
3 FMR LLC 0.01% of their portfolio BOSTON, MA 3,377,7453.4m $172.3m $172.3m 0.01% Added +2.4m +2,426,881
4 CITADEL ADVISORS LLC 0.11% of their portfolio MIAMI, FL 2,020,6082.0m $103.1m $103.1m 0.11% Reduced -902.8k -902,830
5 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 1,943,0561.9m $99.1m $99.1m 0.01% Added +1.1m +1,112,150
6 Avoro Capital Advisors LLC 1.19% of their portfolio NEW YORK, NY 1,725,0001.7m $88.0m $88.0m 1.19% New
7 Polar Capital Holdings Plc 0.56% of their portfolio London, X0 1,615,3891.6m $82.4m $82.4m 0.56% Added +739.0k +739,012
8 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.15% of their portfolio Boston, MA 1,372,3281.4m $70.0m $70.0m 0.15% Reduced -296.5k -296,543
9 FEDERATED HERMES, INC. 0.15% of their portfolio PITTSBURGH, PA 1,169,4991.2m $59.6m $59.6m 0.15% Added +365.0k +365,000
10 T. Rowe Price Investment Management, Inc. 0.04% of their portfolio BALTIMORE, MD 1,148,8091.1m $58.6m $58.6m 0.04% New
11 PICTET ASSET MANAGEMENT SA 0.05% of their portfolio GENEVA 73, V8 894,005894.0k $45.6m $45.6m 0.05% New
12 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 837,759837.8k $42.7m $42.7m 0.02% New
13 FRED ALGER MANAGEMENT, LLC 0.19% of their portfolio NEW YORK, NY 747,605747.6k $38.1m $38.1m 0.19% Added +640.7k +640,685
14 BlackRock Inc. 0.00% of their portfolio New York, NY 657,534657.5k $33.5m $33.5m 0.00% Added +542.6k +542,604
15 BANQUE PICTET & CIE SA 0.29% of their portfolio GENEVA 73, V8 640,000640.0k $32.6m $32.6m 0.29% New
16 RTW INVESTMENTS, LP 0.49% of their portfolio NEW YORK, NY 500,000500.0k $25.5m $25.5m 0.49% Unchanged
17 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 413,269413.3k $21.1m $21.1m 0.00% New
18 WESTFIELD CAPITAL MANAGEMENT CO LP 0.13% of their portfolio BOSTON, MA 410,119410.1k $20.9m $20.9m 0.13% New
19 Artal Group S.A. 0.65% of their portfolio LUXEMBOURG, N4 400,000400.0k $20.4m $20.4m 0.65% New
20 Avidity Partners Management LP 0.71% of their portfolio DALLAS, TX 400,000400.0k $20.4m $20.4m 0.71% New
21 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 389,406389.4k $19.9m $19.9m 0.03% New
22 Paradigm Biocapital Advisors LP 1.53% of their portfolio NEW YORK, NY 369,615369.6k $18.9m $18.9m 1.53% New
23 5AM Venture Management, LLC 4.54% of their portfolio SAN FRANCISCO, CA 357,486357.5k $18.2m $18.2m 4.54% Added +318.6k +318,630
24 Ghost Tree Capital, LLC 6.07% of their portfolio NEW YORK, NY 330,000330.0k $16.8m $16.8m 6.07% Added +135.0k +135,000
25 Finepoint Capital LP 5.33% of their portfolio BOSTON, MA 302,000302.0k $15.4m $15.4m 5.33% New
26 Integral Health Asset Management, LLC 2.01% of their portfolio New York, NY 300,000300.0k $15.3m $15.3m 2.01% New
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 298,178298.2k $15.2m $15.2m 0.00% Reduced -5.0k -5,044
28 MPM BIOIMPACT LLC 3.03% of their portfolio BOSTON, MA 295,111295.1k $15.1m $15.1m 3.03% New
29 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 261,860261.9k $13.4m $13.4m 0.00% Added +85.1k +85,090
30 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 200,000200.0k $10.2m $10.2m 0.00% New
31 SILVERARC CAPITAL MANAGEMENT, LLC 3.44% of their portfolio BOSTON, MA 200,000200.0k $10.2m $10.2m 3.44% Added +94.2k +94,250
32 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 192,404192.4k $9.8m $9.8m 0.01% Added +157.3k +157,333
33 SECTORAL ASSET MANAGEMENT INC 1.57% of their portfolio MONTREAL, A8 184,590184.6k $9.4m $9.4m 1.57% New
34 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 159,425159.4k $8.1m $8.1m 0.00% Added +126.9k +126,906
35 AXA S.A. 0.03% of their portfolio PARIS, I0 154,932154.9k $7.9m $7.9m 0.03% Reduced -146.4k -146,422
36 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 140,000140.0k $7.1m $7.1m 0.00% New
37 HighVista Strategies LLC 3.03% of their portfolio BOSTON, MA 129,722129.7k $6.6m $6.6m 3.03% Added +7.5k +7,521
38 Schonfeld Strategic Advisors LLC 0.05% of their portfolio NEW YORK, NY 117,960118.0k $6.0m $6.0m 0.05% Added +80.8k +80,760
39 ORBIMED ADVISORS LLC 0.11% of their portfolio New York, NY 117,000117.0k $6.0m $6.0m 0.11% New
40 Deep Track Capital, LP 0.26% of their portfolio GREENWICH, CT 108,450108.5k $5.5m $5.5m 0.26% New
41 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 99,64099.6k $5.1m $5.1m 0.01% Added +32.3k +32,328
42 Jefferies Financial Group Inc. 0.10% of their portfolio NEW YORK, NY 93,78993.8k $4.8m $4.8m 0.10% Added +24.1k +24,076
43 Ally Bridge Group (NY) LLC 5.65% of their portfolio NEW YORK, NY 91,41391.4k $4.7m $4.7m 5.65% Added +18.6k +18,563
44 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 89,50189.5k $4.6m $4.6m 0.00% New
45 Altium Capital Management LLC 3.51% of their portfolio NEW YORK, NY 88,00088.0k $4.5m $4.5m 3.51% New
46 Parkman Healthcare Partners LLC 0.71% of their portfolio STAMFORD, CT 80,00080.0k $4.1m $4.1m 0.71% New
47 Granahan Investment Management, LLC 0.11% of their portfolio WALTHAM, MA 71,93471.9k $3.7m $3.7m 0.11% Reduced -1.7k -1,703
48 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 69,34169.3k $3.5m $3.5m 0.01% Reduced -128.4k -128,366
49 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 62,73762.7k $3.2m $3.2m 0.00% Added +14.2k +14,187
50 Hudson Bay Capital Management LP 0.03% of their portfolio STAMFORD, CT 60,00060.0k $3.1m $3.1m 0.03% New
51 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 58,38358.4k $3.0m $3.0m 0.01% New
52 Alyeska Investment Group, L.P. 0.02% of their portfolio CHICAGO, IL 57,34757.3k $2.9m $2.9m 0.02% New
53 Velan Capital Investment Management LP 2.65% of their portfolio ALPHARETTA, GA 55,30055.3k $2.8m $2.8m 2.65% Added +31.9k +31,900
54 Monashee Investment Management LLC 0.61% of their portfolio Boston, MA 50,00050.0k $2.5m $2.5m 0.61% New
55 Woodline Partners LP 0.03% of their portfolio San Francisco, CA 49,47949.5k $2.5m $2.5m 0.03% New
56 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 42,65742.7k $2.2m $2.2m 0.00% Added +32.4k +32,377
57 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 41,43141.4k $2.1m $2.1m 0.01% New
58 Ergoteles LLC 0.09% of their portfolio NEW YORK, NY 38,61738.6k $2.0m $2.0m 0.09% New
59 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 35,09035.1k $1.8m $1.8m 0.00% New
60 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 31,96832.0k $1.6m $1.6m 0.00% Added +14.9k +14,859
61 TimesSquare Capital Management, LLC 0.02% of their portfolio NEW YORK, NY 30,00030.0k $1.5m $1.5m 0.02% New
62 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 20,95020.9k $1.1m $1.1m 0.00% New
63 Informed Momentum Co LLC 0.20% of their portfolio SOLANA BEACH, CA 20,91720.9k $1.1m $1.1m 0.20% New
64 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 20,19620.2k $1.0m $1.0m 0.00% Added +19.5k +19,540
65 SVB FINANCIAL GROUP 1.56% of their portfolio Dallas, TX 16,17316.2k $824.8k $824.8k 1.56% Unchanged
66 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 15,50015.5k $791.0k $791.0k 0.00% Reduced -7.2k -7,200
67 GILDER GAGNON HOWE & CO LLC 0.01% of their portfolio New York, NY 15,04715.0k $767.4k $767.4k 0.01% New
68 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 13,54913.5k $691.0k $691.0k 0.01% New
69 ArrowMark Colorado Holdings LLC 0.01% of their portfolio Denver, CO 10,00010.0k $510.0k $510.0k 0.01% New
70 Shay Capital LLC 0.17% of their portfolio NEW YORK, NY 9,5009.5k $484.5k $484.5k 0.17% New
71 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 9,4219.4k $480.5k $480.5k 0.00% New
72 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 6,8906.9k $351.0k $351.0k 0.02% New
73 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 6,0956.1k $310.8k $310.8k 0.00% New
74 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 5,0985.1k $260.0k $260.0k 0.00% New
75 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 4,4004.4k $224.0k $224.0k 0.00% New
76 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 4,3274.3k $220.7k $220.7k 0.00% New
77 VIRTUS ADVISERS, LLC 0.12% of their portfolio HARTFORD, CT 4,0534.1k $206.7k $206.7k 0.12% New
78 Dorsey Wright & Associates 0.02% of their portfolio PASADENA, CA 1,1111.1k $56.7k $56.7k 0.02% Added +111 +111
79 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 912912 $46.5k $46.5k 0.00% New
80 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 803803 $41.0k $41.0k 0.00% Added +727 +727
81 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 603603 $30.8k $30.8k 0.00% Reduced -76.7k -76,673
82 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 165165 $8.4k $8.4k 0.00% New
83 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 3434 $1.7k $1.7k 0.00% New
84 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged
85 NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio TOKYO, M0 00 $0 $0 0.00% New