TRAWS PHARMA INC TRAW
COM NEW · Common Stock · CUSIP 68232V884
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersNewtown, PA
- 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. Holder counts are more reliable. Shares outstanding: 15.4m as of 2026-08-12, 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 ≈ $0.84.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2024 | 12 |
| Q4 2024 | 19 |
| Q1 2025 | 19 |
| Q2 2025 | 20 |
| Q3 2025 | 18 |
| Q4 2025 | 22 |
| Q1 2026 | 28 |
| Q2 2026 | 34 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2024 | 11 | 4 |
| Q1 2025 | 11 | 7 |
| Q2 2025 | 6 | 8 |
| Q3 2025 | 9 | 5 |
| Q4 2025 | 13 | 7 |
| Q1 2026 | 12 | 11 |
| Q2 2026 | 22 | 15 |
Biggest buyers
| Ally Bridge Group (NY) LLC | New | +786.2k |
| ORBIMED ADVISORS LLC | Added | +597.7k |
| Lynx1 Capital Management LP | Added | +544.4k |
| ADAR1 Capital Management, LLC | Added | +443.6k |
| SPHERA FUNDS MANAGEMENT LTD. | New | +398.5k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +274.9k |
| JANE STREET GROUP, LLC | Added | +194.8k |
| Alyeska Investment Group, L.P. | New | +164.4k |
| HRT FINANCIAL LP | New | +91.2k |
| Kynam Capital Management, LP | New | +84.4k |
Biggest sellers
| Squadron Capital Management LLC | Sold out | -511.7k |
| Dauntless Investment Group, LLC | Reduced | -336.4k |
| Ikarian Capital, LLC | Reduced | -200.0k |
| Palumbo Wealth Management LLC | Sold out | -61.2k |
| BOOTHBAY FUND MANAGEMENT, LLC | Reduced | -60.6k |
| TWO SIGMA INVESTMENTS, LP | Sold out | -19.2k |
| MORGAN STANLEY | Reduced | -3.3k |
| UBS Group AG | Reduced | -602 |
| FMR LLC | Reduced | -21 |
| BlackRock, Inc. | Reduced | -15 |
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 |
|---|---|
ORBIMED ADVISORS LLC
13D · may seek influence
-8.0 pts · filed 2026-05-05
Stated purposeThe Reporting Persons from time to time intend to review their investment in the Issuer on the basis of various factors, including the Issuer's business, financial condition, results of operations and prospects, general economic and industry conditions, the securities markets in general and those for the Issuer's Shares in particular, as well as other developments and other investment opportunities. Based upon such review, the Reporting Persons will take such actions in the future as the Reporting Persons may deem appropriate in light of the circumstances existing from time to time. If the Reporting Persons believe that further investment in the Issuer is attractive, whether because of the market price of Shares or otherwise, they may acquire Shares or other securities of the Issuer either… Full filing |
11.9% |
| Sirenia Capital Management LP 13G · institution new · filed 2026-08-14 | 9.9% |
| Alyeska Investment Group, L.P. 13G · institution new · filed 2025-02-14 | 9.9% |
| Ikarian Capital, LLC 13G · institution -0.5 pts · filed 2026-08-14 | 9.5% |
| Chernett Jorey 13G · passive investor new · filed 2026-01-16 | 6.8% |
| PERCEPTIVE ADVISORS LLC 13G · passive investor -3.9 pts · filed 2026-05-15 | 6.1% |
Fell to 5% or below in the last year: Squadron Capital Management LLC (0.0%, 2026-08-14), Adage Capital Management, L.P. (4.8%, 2026-08-12), Ayrton Capital LLC (4.3%, 2026-02-11)
Insider purchases and sales since 1 Apr 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.
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-04-16 | ORBIMED ADVISORS LLC +1 10% owner · See Footnote | Bought | $998.2k597.7k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| ORBIMED ADVISORS LLC 0.02% of their portfolio | 1.2m $1.0m | Added +597.7k |
| Ally Bridge Group (NY) LLC 0.85% of their portfolio | 786.2k $663.0k | New |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio | 730.0k $615.6k | Unchanged |
| ADAR1 Capital Management, LLC 0.02% of their portfolio | 597.7k $504.1k | Added +443.6k |
| Lynx1 Capital Management LP 0.05% of their portfolio | 559.5k $471.8k | Added +544.4k |
| Ikarian Capital, LLC 0.07% of their portfolio | 478.1k $403.2k | Reduced -200.0k |
| SPHERA FUNDS MANAGEMENT LTD. 0.05% of their portfolio | 398.5k $336.0k | New |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 330.0k $278.2k | Added +274.9k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 216.0k $182.2k | Added +194.8k |
| Alyeska Investment Group, L.P. 0.00% of their portfolio | 164.4k $138.6k | New |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 133.9k $112.9k | Reduced -60.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 111.4k $93.9k | Added +34.3k |
| HRT FINANCIAL LP 0.00% of their portfolio | 91.2k $76.0k | New |
| Kynam Capital Management, LP 0.00% of their portfolio | 84.4k $71.2k | New |
| Dauntless Investment Group, LLC 0.12% of their portfolio | 80.6k $67.9k | Reduced -336.4k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 54.5k $46.0k | Added +22.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 37.5k $31.6k | New |
| STATE STREET CORP 0.00% of their portfolio | 25.8k $21.8k | Unchanged |
| XTX Topco Ltd 0.00% of their portfolio | 18.1k $15.3k | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 14.5k $12.0k | New |
| Virtu Financial LLC 0.00% of their portfolio | 12.6k $11.0k | New |
| BlackRock, Inc. 0.00% of their portfolio | 9.9k $8.4k | Reduced -15 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 5.1k $4.3k | Added +1.2k |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 4.7k $3.9k | New |
| UBS Group AG 0.00% of their portfolio | 3.5k $2.9k | Reduced -602 |
| BARCLAYS PLC 0.00% of their portfolio | 1.9k $1.6k | New |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 1.7k $1.5k | Added +1.6k |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 500 $414 | New |
| MORGAN STANLEY 0.00% of their portfolio | 468 $395 | Reduced -3.3k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 262 $221 | Unchanged |
| Cassaday & Co Wealth Management LLC 0.00% of their portfolio | 6 $6 | Reduced -5 |
| FMR LLC 0.00% of their portfolio | 2 $2 | Reduced -21 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 2 $2 | Unchanged |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 2 $2 | New |