NEUROCRINE BIOSCIENCES INC NBIX
COM · Common Stock · CUSIP 64125C109 · ISIN US64125C1099
American biopharmaceutical company
- SectorHealth care
- IndustryBiological Products, (No Diagnostic Substances)
- HeadquartersSan Diego, CA
- Founded1992
- Websiteneurocrine.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 ($35.9m this quarter). Holder counts are more reliable. Shares outstanding: 100.4m as of 2026-02-04, 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 ≈ $141.74. Options: 14 managers hold calls ($41.3m notional), 12 hold puts ($71.6m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 466 |
| Q4 2022 | 530 |
| Q1 2023 | 488 |
| Q2 2023 | 457 |
| Q3 2023 | 514 |
| Q4 2023 | 555 |
| Q1 2024 | 591 |
| Q2 2024 | 595 |
| Q3 2024 | 576 |
| Q4 2024 | 601 |
| Q1 2025 | 587 |
| Q2 2025 | 587 |
| Q3 2025 | 650 |
| Q4 2025 | 732 |
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 | 310 | 256 |
| Q2 2024 | 325 | 257 |
| Q3 2024 | 296 | 286 |
| Q4 2024 | 292 | 284 |
| Q1 2025 | 253 | 334 |
| Q2 2025 | 295 | 291 |
| Q3 2025 | 332 | 268 |
| Q4 2025 | 379 | 265 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $92.7m | $64.6m | 0.70 |
| Q2 2025 | $37.7m | $27.0m | 0.72 |
| Q3 2025 | $33.1m | $67.7m | 2.05 |
| Q4 2025 | $41.3m | $71.6m | 1.74 |
Biggest buyers
| TWO SIGMA ADVISERS, LP | Added | +693.8k |
| TWO SIGMA INVESTMENTS, LP | Added | +637.2k |
| UBS Group AG | Added | +619.0k |
| AQR CAPITAL MANAGEMENT LLC | Added | +498.1k |
| Zurich Insurance Group Ltd/FI | New | +459.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +447.9k |
| NORTHERN TRUST CORP | Added | +295.5k |
| Hudson Bay Capital Management LP | Added | +264.5k |
| MARSHALL WACE, LLP | Added | +251.6k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +209.7k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -4.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -994.5k |
| CITADEL ADVISORS LLC | Reduced | -713.5k |
| MORGAN STANLEY | Reduced | -617.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -534.3k |
| JENNISON ASSOCIATES LLC | Sold out | -520.0k |
| Thrivent Financial for Lutherans | Reduced | -481.5k |
| MACQUARIE GROUP LTD | Reduced | -304.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -245.1k |
| BROWN ADVISORY INC | Reduced | -243.3k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $11.8m83.1k shares |
| Ikarian Capital, LLC | New | $7.2m51.0k shares |
| Caption Management, LLC | Added | $5.0m35.0k shares |
| JPMORGAN CHASE & CO | New | $4.3m30.0k shares |
| CITIGROUP INC | New | $4.3m30.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.8m26.9k shares |
| CITADEL ADVISORS LLC | Reduced | $2.3m16.0k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $1.9m13.7k shares |
| GROUP ONE TRADING LLC | Added | $425.5k3.0k shares |
| Walleye Capital LLC | New | $170.2k1.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $31.5m222.4k shares |
| JANE STREET GROUP, LLC | Added | $21.3m150.0k shares |
| JPMORGAN CHASE & CO | New | $4.3m30.0k shares |
| CITIGROUP INC | New | $4.3m30.0k shares |
| CITADEL ADVISORS LLC | Added | $2.9m20.5k shares |
| Twin Tree Management, LP | Unchanged | $2.7m18.7k shares |
| SIMPLEX TRADING, LLC | Added | $1.8m12.6k shares |
| IMC-Chicago, LLC | New | $1.4m10.1k shares |
| GROUP ONE TRADING LLC | Added | $567.3k4.0k shares |
| Walleye Trading LLC | New | $524.8k3.7k 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 2025-04-28 | 12.1% |
| DODGE & COX 13G · institution new · filed 2025-05-14 | 5.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
| JPMORGAN CHASE & CO 13G · institution -1.1 pts · filed 2026-10-15 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
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 | 0 | — | 14 | $76.7m | $76.7m |
| Q2 2024 | 0 | — | 8 | $14.5m | $14.5m |
| Q3 2024 | 0 | — | 7 | $12.9m | $10.9m |
| Q4 2024 | 0 | — | 3 | $626.4k | $626.4k |
| Q1 2025 | 0 | — | 11 | $38.7m | $38.7m |
| Q2 2025 | 0 | — | 2 | $4.5m | $4.5m |
| Q3 2025 | 0 | — | 3 | $24.0m | $24.0m |
| Q4 2025 | 0 | — | 6 | $8.9m | $8.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-16 | Norwalk Leslie V Director | Sold plan | $184.6k1.2k shares |
| 2025-12-15 | Norwalk Leslie V Director | Sold plan | $761.1k5.0k shares |
| 2025-12-08 | Lippoldt Darin Chief Legal Officer | Sold plan | $698.6k4.4k shares |
| 2025-12-03 | LYONS GARY A Director | Sold plan | $2.3m15.0k shares |
| 2025-11-25 | MORROW GEORGE J Director | Sold plan | $2.2m15.0k shares |
| 2025-11-05 | RASTETTER WILLIAM H Director | Sold plan | $2.7m18.0k shares |
| 2025-11-04 | Gano Kyle Chief Executive Officer, director | Sold | $42.6k300 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 |
|---|---|---|
| BlackRock, Inc. 0.03% of their portfolio | 12.8m $1.8bn | Added +124.4k |
| VANGUARD GROUP INC 0.02% of their portfolio | 9.7m $1.4bn | Reduced -6.3k |
| Dodge & Cox 0.42% of their portfolio | 5.5m $781.2m | Reduced -48.6k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 5.2m $737.6m | Reduced -4.3m |
| STATE STREET CORP 0.02% of their portfolio | 4.2m $601.7m | Reduced -103.8k |
| AQR CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 3.3m $462.7m | Added +498.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.49% of their portfolio | 2.2m $317.5m | Reduced -179.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 2.1m $291.3m | Added +34.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 1.9m $265.5m | Reduced -994.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 1.7m $247.4m | Reduced -67.2k |
| Bellevue Group AG 4.58% of their portfolio | 1.7m $241.6m | Reduced -59.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.23% of their portfolio | 1.4m $198.0m | Added +447.9k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.61% of their portfolio | 1.3m $178.2m | Added +88.5k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.2m $173.2m | Added +295.5k |
| MORGAN STANLEY 0.01% of their portfolio | 1.2m $171.5m | Reduced -617.6k |
| DEERFIELD MANAGEMENT COMPANY, L.P. 2.15% of their portfolio | 1.2m $168.0m | Unchanged |
| NORGES BANK 0.02% of their portfolio | 1.1m $162.7m | Not comparable |
| RTW INVESTMENTS, LP 1.51% of their portfolio | 1.1m $150.6m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.21% of their portfolio | 984.8k $139.7m | Added +637.2k |
| UBS Group AG 0.03% of their portfolio | 983.5k $139.5m | Added +619.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 850.6k $120.6m | Added +21.1k |
| TWO SIGMA ADVISERS, LP 0.23% of their portfolio | 842.6k $119.5m | Added +693.8k |
| ARMISTICE CAPITAL, LLC 2.85% of their portfolio | 820.2k $116.3m | Added +123.2k |
| Pictet Asset Management Holding SA 0.11% of their portfolio | 776.9k $110.3m | Added +83.5k |
| BRAIDWELL LP 3.41% of their portfolio | 751.5k $106.6m | Reduced -128.7k |
| IEQ CAPITAL, LLC 0.32% of their portfolio | 745.1k $105.7m | Added +52.5k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 738.7k $104.8m | Reduced -22.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 722.5k $102.5m | Reduced -42.8k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 716.5k $101.6m | Added +6.4k |
| Fiera Capital Corp 0.29% of their portfolio | 637.4k $90.4m | Added +157.7k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 631.4k $89.2m | Added +64.5k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 585.7k $83.1m | Reduced -28.9k |
| Swedbank AB 0.08% of their portfolio | 584.1k $82.8m | Added +36.8k |
| GW&K Investment Management, LLC 0.71% of their portfolio | 576.6k $81.8m | Reduced -17.7k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 555.5k $78.8m | Reduced -62.6k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 532.8k $75.6m | Reduced -102.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 528.1k $74.9m | Reduced -176.2k |
| PRIMECAP MANAGEMENT CO/CA/ 0.05% of their portfolio | 507.7k $72.0m | Reduced -4.5k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 486.8k $69.0m | Added +123.7k |
| Zurich Insurance Group Ltd/FI 0.45% of their portfolio | 459.4k $65.2m | New |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 459.2k $65.1m | Reduced -136.0k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 442.9k $62.8m | Reduced -534.3k |
| Hood River Capital Management LLC 0.61% of their portfolio | 389.3k $55.2m | Reduced -112.2k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 367.9k $52.2m | Reduced -82.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 364.5k $51.7m | Reduced -245.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 360.7k $51.2m | Reduced -50.9k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 348.8k $49.5m | Added +251.6k |
| Invesco Ltd. 0.00% of their portfolio | 343.4k $48.7m | Added +19.8k |
| Allspring Global Investments Holdings, LLC 0.08% of their portfolio | 339.4k $47.7m | Reduced -43.0k |
| PERCEPTIVE ADVISORS LLC 0.86% of their portfolio | 331.1k $47.0m | Reduced -119.0k |
| Legal & General Group Plc 0.01% of their portfolio | 330.6k $46.9m | Reduced -69.6k |
| ORBIMED ADVISORS LLC 0.91% of their portfolio | 314.2k $44.6m | Reduced -39.4k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 311.0k $44.1m | Added +66.3k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 310.1k $44.0m | Reduced -26.9k |
| Hudson Bay Capital Management LP 0.25% of their portfolio | 305.0k $43.3m | Added +264.5k |
| Sarissa Capital Management LP 19.29% of their portfolio | 303.2k $43.0m | Unchanged |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 297.4k $42.2m | Reduced -6.1k |
| Candriam S.C.A. 0.21% of their portfolio | 293.1k $41.6m | Added +5.5k |
| Nuveen, LLC 0.01% of their portfolio | 286.8k $40.7m | Added +41.8k |
| Rockefeller Capital Management L.P. 0.07% of their portfolio | 281.3k $39.9m | Added +87.4k |
| Swiss National Bank 0.02% of their portfolio | 271.8k $38.5m | Reduced -13.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.05% of their portfolio | 256.1k $36.3m | First filing |
| RENAISSANCE GROUP LLC 1.44% of their portfolio | 252.3k $35.8m | Added +665 |
| BARCLAYS PLC 0.01% of their portfolio | 252.2k $35.8m | Reduced -51.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.06% of their portfolio | 249.2k $35.3m | Added +209.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.09% of their portfolio | 246.3k $34.9m | Reduced -34.8k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 242.1k $34.3m | Reduced -16.2k |
| Man Group plc 0.06% of their portfolio | 231.2k $32.8m | Added +150.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 226.4k $32.1m | Reduced -5.4k |
| BROWN ADVISORY INC 0.04% of their portfolio | 225.3k $32.0m | Reduced -243.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 214.0k $30.4m | Added +113.0k |
| Squarepoint Ops LLC 0.06% of their portfolio | 209.7k $29.7m | Added +169.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 206.7k $29.3m | Added +3.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 202.7k $28.7m | Reduced -18.6k |
| Handelsbanken Fonder AB 0.09% of their portfolio | 200.9k $28.5m | Added +91.4k |
| California Public Employees Retirement System 0.02% of their portfolio | 196.8k $27.9m | Added +2.7k |
| Susquehanna Portfolio Strategies, LLC 0.40% of their portfolio | 184.0k $26.1m | Unchanged |
| BRAUN STACEY ASSOCIATES INC 0.84% of their portfolio | 182.3k $25.9m | Reduced -765 |
| SEI INVESTMENTS CO 0.03% of their portfolio | 179.4k $25.4m | Reduced -120.8k |
| Soleus Capital Management, L.P. 1.06% of their portfolio | 176.0k $25.0m | Added +38.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 174.8k $24.8m | Reduced -800 |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 169.2k $24.0m | Added +8.4k |
| Gotham Asset Management, LLC 0.09% of their portfolio | 168.6k $23.9m | Added +32.2k |
| Ensign Peak Advisors, Inc 0.04% of their portfolio | 167.3k $23.7m | Reduced -13.1k |
| Amundi 0.01% of their portfolio | 166.3k $23.6m | Reduced -63.9k |
| PFM Health Sciences, LP 2.34% of their portfolio | 163.2k $23.1m | Added +106.0k |
| Eagle Health Investments LP 5.07% of their portfolio | 162.8k $23.1m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 158.5k $22.5m | Added +19.6k |
| BOONE CAPITAL MANAGEMENT LLC 6.76% of their portfolio | 151.8k $21.5m | Reduced -14.6k |
| Integral Health Asset Management, LLC 1.08% of their portfolio | 150.0k $21.3m | Unchanged |
| Bridgewater Associates, LP 0.08% of their portfolio | 150.0k $21.3m | Added +127.0k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.15% of their portfolio | 149.2k $21.2m | Added +1.4k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.12% of their portfolio | 147.6k $20.9m | Added +49.2k |
| Driehaus Capital Management LLC 0.14% of their portfolio | 145.6k $20.6m | Added +40.6k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 141.1k $20.0m | Reduced -62.3k |
| Freestone Grove Partners LP 0.14% of their portfolio | 140.5k $19.9m | Added +8.2k |
| DNB Asset Management AS 0.07% of their portfolio | 139.5k $19.8m | Added +15.3k |
| PKO BP BANKOWY Universal Pension Society JSC 9.95% of their portfolio | 138.8k $19.7m | Unchanged |
| Trexquant Investment LP 0.17% of their portfolio | 137.2k $19.5m | Added +105.4k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 136.6k $19.4m | Reduced -47.1k |