PRAXIS PRECISION MEDICINES I PRAX
COM NEW · Common Stock · CUSIP 74006W207
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersBoston, MA
- 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: 17.8m as of 2024-08-09, 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 ≈ $41.36. Options: 10 managers hold calls ($35.4m notional), 7 hold puts ($38.1m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2023 | 59 |
| Q1 2024 | 112 |
| Q2 2024 | 114 |
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 | 88 | 24 |
| Q2 2024 | 78 | 60 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $0 | $0 | — |
| Q4 2023 | $252.0k | $1.5k | 0.01 |
| Q1 2024 | $3.0m | $1.4m | 0.46 |
| Q2 2024 | $35.4m | $38.1m | 1.08 |
Biggest buyers
| BlackRock Inc. | Added | +1.1m |
| STATE STREET CORP | Added | +774.6k |
| Soleus Capital Management, L.P. | Added | +495.7k |
| RA CAPITAL MANAGEMENT, L.P. | Added | +407.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +402.6k |
| Deep Track Capital, LP | New | +389.5k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +260.3k |
| VANGUARD GROUP INC | Added | +233.1k |
| Vestal Point Capital, LP | Added | +230.0k |
| Verition Fund Management LLC | Added | +202.9k |
Biggest sellers
| Cormorant Asset Management, LP | Reduced | -625.0k |
| ORBIMED ADVISORS LLC | Sold out | -460.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -258.9k |
| Laurion Capital Management LP | Sold out | -225.0k |
| Ikarian Capital, LLC | Sold out | -168.4k |
| FMR LLC | Reduced | -151.6k |
| Logos Global Management LP | Sold out | -150.0k |
| SILVERARC CAPITAL MANAGEMENT, LLC | Reduced | -123.3k |
| MORGAN STANLEY | Reduced | -116.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -106.2k |
Biggest calls
| Ikarian Capital, LLC | Reduced | $12.4m3.0k shares |
| Caption Management, LLC | New | $7.7m186.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.9m166.3k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | Added | $3.8m92.1k shares |
| SPHERA FUNDS MANAGEMENT LTD. | New | $3.1m75.0k shares |
| CITADEL ADVISORS LLC | Added | $732.1k17.7k shares |
| JANE STREET GROUP, LLC | New | $641.1k15.5k shares |
| SIMPLEX TRADING, LLC | Added | $66.0k1.6k shares |
| GROUP ONE TRADING LLC | Added | $8.3k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Ikarian Capital, LLC | New | $17.5m4.2k shares |
| Caption Management, LLC | New | $8.0m194.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.9m167.1k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $5.1m124.2k shares |
| CITADEL ADVISORS LLC | Added | $504.6k12.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.0k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 PLC 13G · institution -0.1 pts · filed 2025-11-14 | 12.3% |
| FMR LLC 13G · institution +2.3 pts · filed 2026-05-06 | 7.7% |
| PERCEPTIVE ADVISORS LLC 13G · passive investor +0.5 pts · filed 2026-02-17 | 7.2% |
| BAKER BROS. ADVISORS LP 13G · institution new · filed 2026-05-15 | 6.3% |
| ORBIS INVESTMENT MANAGEMENT LTD 13G · institution -3.4 pts · filed 2026-08-14 | 5.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.1% |
Fell to 5% or below in the last year: Point72 Asset Management, L.P. (0.2%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC), Adage Capital Management, L.P. (3.8%, 2026-02-12), PRICE T ROWE ASSOCIATES INC /MD/ (4.8%, 2025-11-14), Cormorant Asset Management, LP (4.0%, 2025-11-14)
Insider purchases and sales in Q2 2024
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 |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 3 | $109.2k | 0 | — | — |
| Q2 2023 | 1 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 1 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.00% of their portfolio | 1.3m $53.5m | Added +1.1m |
| RA CAPITAL MANAGEMENT, L.P. 0.68% of their portfolio | 1.2m $51.1m | Added +407.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio | 1.1m $46.9m | Reduced -258.9k |
| Point72 Asset Management, L.P. 0.14% of their portfolio | 1.1m $43.5m | Added +97.6k |
| VANGUARD GROUP INC 0.00% of their portfolio | 977.1k $40.4m | Added +233.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 938.6k $38.8m | Added +402.6k |
| STATE STREET CORP 0.00% of their portfolio | 819.1k $33.9m | Added +774.6k |
| PERCEPTIVE ADVISORS LLC 0.75% of their portfolio | 750.2k $31.0m | Reduced -71.4k |
| Verition Fund Management LLC 0.24% of their portfolio | 748.3k $31.0m | Added +202.9k |
| Venrock Adviser, LLC 1.86% of their portfolio | 706.1k $29.2m | Added +5 |
| Cormorant Asset Management, LP 1.65% of their portfolio | 685.0k $28.3m | Reduced -625.0k |
| Soleus Capital Management, L.P. 1.94% of their portfolio | 533.0k $22.0m | Added +495.7k |
| PFM Health Sciences, LP 1.02% of their portfolio | 453.1k $18.7m | Reduced -24.5k |
| Vestal Point Capital, LP 1.36% of their portfolio | 440.0k $18.2m | Added +230.0k |
| KINGDON CAPITAL MANAGEMENT, L.L.C. 2.65% of their portfolio | 415.0k $17.2m | Added +65.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 395.1k $16.3m | Added +260.3k |
| Deep Track Capital, LP 0.48% of their portfolio | 389.5k $16.1m | New |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 381.7k $15.9m | Added +71.6k |
| Velan Capital Investment Management LP 8.31% of their portfolio | 350.7k $14.5m | Unchanged |
| 5AM Venture Management, LLC 3.15% of their portfolio | 340.0k $14.1m | Unchanged |
| FMR LLC 0.00% of their portfolio | 291.0k $12.0m | Reduced -151.6k |
| SPHERA FUNDS MANAGEMENT LTD. 1.91% of their portfolio | 283.4k $11.7m | Added +106.3k |
| Driehaus Capital Management LLC 0.11% of their portfolio | 264.7k $10.9m | Reduced -1.8k |
| Octagon Capital Advisors LP 1.77% of their portfolio | 260.0k $10.8m | Unchanged |
| MARSHALL WACE, LLP 0.01% of their portfolio | 248.4k $10.3m | Added +127.4k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 239.9k $9.9m | Added +94.6k |
| CIBC Asset Management Inc 0.03% of their portfolio | 192.7k $8.0m | Added +363 |
| MORGAN STANLEY 0.00% of their portfolio | 184.3k $7.6m | Reduced -116.1k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 174.7k $7.2m | New |
| ACUTA CAPITAL PARTNERS, LLC 5.73% of their portfolio | 164.4k $6.8m | Added +2.1k |
| Ally Bridge Group (NY) LLC 3.78% of their portfolio | 153.4k $6.3m | Reduced -6.1k |
| BAKER BROS. ADVISORS LP 0.07% of their portfolio | 131.5k $5.4m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 131.0k $5.4m | Added +32.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 90.9k $3.8m | Reduced -86.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 90.7k $3.8m | Reduced -42.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 75.4k $3.1m | Added +63.3k |
| Tri Locum Partners LP 0.79% of their portfolio | 75.3k $3.1m | Reduced -31.2k |
| SILVERARC CAPITAL MANAGEMENT, LLC 0.69% of their portfolio | 67.3k $2.8m | Reduced -123.3k |
| 72 Investment Holdings, LLC 6.85% of their portfolio | 65.9k $2.7m | Unchanged |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 63.4k $2.6m | Added +11.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 51.5k $2.1m | Added +11.9k |
| TD Asset Management Inc 0.00% of their portfolio | 51.3k $2.1m | Added +16.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 49.5k $2.0m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 48.1k $2.0m | Added +20.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 47.5k $2.0m | Added +40.8k |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 41.4k $1.7m | New |
| Ovata Capital Management Ltd 0.90% of their portfolio | 40.0k $1.7m | Added +20.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 38.6k $1.6m | Added +19.6k |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.04% of their portfolio | 35.7k $1.5m | Added +1.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 35.3k $1.5m | Added +15.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 35.2k $1.5m | Added +7.6k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 32.1k $1.3m | Reduced -15.0k |
| NORGES BANK 0.00% of their portfolio | 32.0k $1.3m | Added +27.0k |
| Swiss National Bank 0.00% of their portfolio | 32.0k $1.3m | New |
| STEMPOINT CAPITAL LP 0.36% of their portfolio | 29.3k $1.2m | Added +2.4k |
| UBS Group AG 0.00% of their portfolio | 26.8k $1.1m | Added +26.8k |
| Moody Aldrich Partners LLC 0.20% of their portfolio | 24.4k $1.0m | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 24.0k $991.2k | Added +594 |
| Trexquant Investment LP 0.01% of their portfolio | 22.8k $943.3k | Added +18.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 22.6k $936.6k | Reduced -3.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 22.2k $917.9k | Added +22.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 21.9k $905.0k | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 21.1k $871.7k | New |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.24% of their portfolio | 21.0k $868.6k | New |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 19.8k $817.3k | Reduced -51.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 18.0k $746.1k | New |
| PCG Wealth Advisors, LLC 0.31% of their portfolio | 17.4k $721.4k | Added +4.5k |
| BARCLAYS PLC 0.00% of their portfolio | 16.4k $677.1k | Reduced -74 |
| Alpine Global Management, LLC 0.12% of their portfolio | 16.3k $675.3k | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 15.9k $659.5k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 14.7k $609.3k | Reduced -88.0k |
| Jump Financial, LLC 0.01% of their portfolio | 14.3k $592.3k | Added +10.9k |
| Legal & General Group Plc 0.00% of their portfolio | 14.0k $580.7k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 13.3k $552.1k | Added +6.9k |
| ALPS ADVISORS INC 0.00% of their portfolio | 13.3k $551.8k | New |
| Engineers Gate Manager LP 0.01% of their portfolio | 12.7k $523.6k | Added +8.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 11.9k $494.3k | New |
| Ballentine Partners, LLC 0.01% of their portfolio | 10.9k $451.3k | New |
| Corebridge Financial, Inc. 0.00% of their portfolio | 9.3k $383.8k | First filing |
| Invesco Ltd. 0.00% of their portfolio | 8.8k $364.5k | Reduced -86.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 7.9k $327.1k | Added +7.8k |
| PROFUND ADVISORS LLC 0.01% of their portfolio | 7.7k $317.9k | New |
| CITIGROUP INC 0.00% of their portfolio | 7.6k $314.8k | Reduced -7.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 7.0k $289.5k | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 6.9k $284.2k | Reduced -8.2k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 6.8k $284.5k | New |
| Man Group plc 0.00% of their portfolio | 6.7k $275.4k | Reduced -9.3k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 6.4k $263.4k | Reduced -36.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 6.3k $259.3k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 6.1k $251.3k | Added +5.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 5.8k $240.9k | New |
| Windmill Hill Asset Management Ltd 0.09% of their portfolio | 5.3k $217.9k | Unchanged |
| Aberdeen Group plc 0.00% of their portfolio | 5.0k $206.8k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 4.4k $182.9k | New |
| Quarry LP 0.03% of their portfolio | 4.0k $165.4k | New |
| FRED ALGER MANAGEMENT, LLC 0.00% of their portfolio | 2.6k $107.3k | Reduced -44.4k |
| VIRTUS ADVISERS, LLC 0.05% of their portfolio | 2.3k $93.5k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 2.0k $83.9k | Reduced -4.7k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 2.0k $82.7k | New |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 1.7k $69.9k | New |