Vault-13

REATA PHARMACEUTICALS INC RETA

CL A · Common Stock · CUSIP 75615P103

215 institutional holders +10 vs Q1 2023
31,490,48731.5m shares reported held*
$3.2bnreported value*
40 new 73 added 62 reduced 33 sold out net bought ≈ $303.1m (+3.0m 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 ($401.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $101.95. Options: 18 managers hold calls ($92.8m notional), 16 hold puts ($73.6m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 160Q4 22: 169Q1 23: 205Q2 23: 215215Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022160
Q4 2022169
Q1 2023205
Q2 2023215

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 85 bought or addedQ4 22: 69 cut or sold outQ4 22Q1 23: 109 bought or addedQ1 23: 91 cut or sold outQ1 23Q2 23: 113 bought or addedQ2 23: 95 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20228569
Q1 202310991
Q2 202311395

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300mQ3 22 calls: $46.0mQ3 22 puts: $28.1mQ3 22P/C 0.61Q4 22 calls: $22.6mQ4 22 puts: $32.3mQ4 22P/C 1.43Q1 23 calls: $221.5mQ1 23 puts: $110.0mQ1 23P/C 0.50Q2 23 calls: $92.8mQ2 23 puts: $73.6mQ2 23P/C 0.79
Numbers
QuarterCallsPutsP/C
Q3 2022$46.0m$28.1m0.61
Q4 2022$22.6m$32.3m1.43
Q1 2023$221.5m$110.0m0.50
Q2 2023$92.8m$73.6m0.79

Biggest buyers

ADAGE CAPITAL PARTNERS GP, L.L.C. Added +1,296,452+1.3m
JANUS HENDERSON GROUP PLC Added +827,758+827.8k
CITADEL ADVISORS LLC Added +539,322+539.3k
Holocene Advisors, LP Added +363,225+363.2k
MILLENNIUM MANAGEMENT LLC Added +342,204+342.2k
TimesSquare Capital Management, LLC Added +341,180+341.2k
BlackRock Inc. Added +329,021+329.0k
VOYA INVESTMENT MANAGEMENT LLC Added +288,439+288.4k
FRED ALGER MANAGEMENT, LLC Added +232,469+232.5k
Woodline Partners LP New +205,108+205.1k

Biggest sellers

PERCEPTIVE ADVISORS LLC Reduced -1,499,070-1.5m
Deep Track Capital, LP Sold out -729,000-729.0k
Assenagon Asset Management S.A. Sold out -347,961-348.0k
MARSHALL WACE, LLP Reduced -330,446-330.4k
Sofinnova Investments, Inc. Reduced -305,212-305.2k
First Light Asset Management, LLC Reduced -154,720-154.7k
BRAUN STACEY ASSOCIATES INC Reduced -146,235-146.2k
BANK OF AMERICA CORP /DE/ Reduced -133,850-133.8k
D. E. Shaw & Co., Inc. Reduced -87,341-87.3k
MORGAN STANLEY Reduced -80,156-80.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $20.5m201.4k shares
GROUP ONE TRADING LLC Reduced $13.3m130.3k shares
CITADEL ADVISORS LLC Reduced $11.4m112.0k shares
Ikarian Capital, LLC Added $11.2m110.0k shares
JANE STREET GROUP, LLC Reduced $9.0m88.0k shares
Caption Management, LLC Reduced $8.3m81.4k shares
WOLVERINE TRADING, LLC Added $6.9m68.1k shares
SIMPLEX TRADING, LLC Reduced $3.2m31.3k shares
Walleye Trading LLC Reduced $2.9m28.2k shares
BOOTHBAY FUND MANAGEMENT, LLC Added $2.3m22.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $32.9m322.9k shares
CITADEL ADVISORS LLC Reduced $9.4m92.2k shares
Caption Management, LLC Reduced $6.8m67.0k shares
MILLENNIUM MANAGEMENT LLC Added $3.6m35.4k shares
SIMPLEX TRADING, LLC Reduced $3.4m33.8k shares
WOLVERINE TRADING, LLC Added $3.3m32.9k shares
BNP PARIBAS FINANCIAL MARKETS New $2.9m284 shares
BANK OF AMERICA CORP /DE/ Reduced $2.5m24.9k shares
GROUP ONE TRADING LLC Reduced $2.2m21.6k shares
JANE STREET GROUP, LLC Reduced $2.1m20.9k 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.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CPMG Inc 59.26% of their portfolio DALLAS, TX 2,896,9012.9m $295.4m $295.4m 59.26% Unchanged
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 2,821,5372.8m $287.7m $287.7m 0.01% Added +70.6k +70,596
3 BlackRock Inc. 0.01% of their portfolio New York, NY 2,538,7702.5m $258.9m $258.9m 0.01% Added +329.0k +329,021
4 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.39% of their portfolio Boston, MA 1,766,0701.8m $180.1m $180.1m 0.39% Added +1.3m +1,296,452
5 DEUTSCHE BANK AG\ 0.08% of their portfolio FRANKFURT AM MAIN, 2M 1,486,4671.5m $151.6m $151.6m 0.08% Reduced -8.4k -8,410
6 WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio Boston, MA 1,472,0431.5m $150.1m $150.1m 0.03% Added +50.9k +50,881
7 First Light Asset Management, LLC 11.45% of their portfolio Edina, MN 1,432,2081.4m $146.0m $146.0m 11.45% Reduced -154.7k -154,720
8 Boxer Capital, LLC 6.76% of their portfolio San Diego, CA 1,430,0041.4m $145.8m $145.8m 6.76% Added +200.0k +200,000
9 JANUS HENDERSON GROUP PLC 0.07% of their portfolio LONDON, X0 1,051,0771.1m $107.2m $107.2m 0.07% Added +827.8k +827,758
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 713,150713.1k $72.7m $72.7m 0.00% Added +80.2k +80,205
11 PERCEPTIVE ADVISORS LLC 1.99% of their portfolio NEW YORK, NY 670,206670.2k $68.3m $68.3m 1.99% Reduced -1.5m -1,499,070
12 Holocene Advisors, LP 0.30% of their portfolio New York, NY 667,950668.0k $68.1m $68.1m 0.30% Added +363.2k +363,225
13 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 593,430593.4k $60.5m $60.5m 0.01% Added +44.1k +44,117
14 CITADEL ADVISORS LLC 0.06% of their portfolio MIAMI, FL 571,529571.5k $58.3m $58.3m 0.06% Added +539.3k +539,322
15 Point72 Asset Management, L.P. 0.20% of their portfolio STAMFORD, CT 568,151568.2k $57.9m $57.9m 0.20% Added +204.1k +204,051
16 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 556,264556.3k $56.7m $56.7m 0.06% Added +342.2k +342,204
17 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.28% of their portfolio SAN FRANCISCO, CA 451,700451.7k $46.1m $46.1m 0.28% Added +126.7k +126,700
18 FRED ALGER MANAGEMENT, LLC 0.21% of their portfolio NEW YORK, NY 407,170407.2k $41.5m $41.5m 0.21% Added +232.5k +232,469
19 TimesSquare Capital Management, LLC 0.50% of their portfolio NEW YORK, NY 344,580344.6k $35.1m $35.1m 0.50% Added +341.2k +341,180
20 Blackstone Inc. 0.15% of their portfolio NEW YORK, NY 340,793340.8k $34.7m $34.7m 0.15% Unchanged
21 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 340,654340.7k $34.7m $34.7m 0.01% Reduced -62.9k -62,902
22 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 329,189329.2k $33.6m $33.6m 0.03% Added +288.4k +288,439
23 Sofinnova Investments, Inc. 2.17% of their portfolio Menlo Park, CA 322,471322.5k $32.9m $32.9m 2.17% Reduced -305.2k -305,212
24 EMERALD ADVISERS, LLC 1.41% of their portfolio LEOLA, PA 317,096317.1k $32.3m $32.3m 1.41% Added +2.5k +2,475
25 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.15% of their portfolio JUPITER, FL 311,358311.4k $31.7m $31.7m 0.15% Added +151.5k +151,542
26 FMR LLC 0.00% of their portfolio BOSTON, MA 305,225305.2k $31.1m $31.1m 0.00% Added +56.3k +56,255
27 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 295,741295.7k $30.2m $30.2m 0.00% Reduced -1.3k -1,324
28 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 287,968288.0k $29.4m $29.4m 0.01% Added +5.1k +5,120
29 EMERALD MUTUAL FUND ADVISERS TRUST 1.41% of their portfolio LEOLA, PA 255,387255.4k $26.0m $26.0m 1.41% Added +369 +369
30 MPM BIOIMPACT LLC 4.81% of their portfolio BOSTON, MA 234,478234.5k $23.9m $23.9m 4.81% Added +57.6k +57,604
31 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 218,143218.1k $22.2m $22.2m 0.01% Added +75.3k +75,344
32 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 216,012216.0k $22.0m $22.0m 0.01% Added +9.2k +9,187
33 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 211,931211.9k $21.6m $21.6m 0.02% Added +50.2k +50,249
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 206,223206.2k $21.0m $21.0m 0.00% Added +83.0k +82,980
35 Woodline Partners LP 0.25% of their portfolio San Francisco, CA 205,108205.1k $20.9m $20.9m 0.25% New
36 BRAUN STACEY ASSOCIATES INC 0.78% of their portfolio NEW YORK, NY 164,775164.8k $16.8m $16.8m 0.78% Reduced -146.2k -146,235
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 162,905162.9k $16.6m $16.6m 0.00% Reduced -80.2k -80,156
38 NORGES BANK 0.00% of their portfolio OSLO, Q8 145,582145.6k $14.8m $14.8m 0.00% Reduced -19.9k -19,900
39 PFM Health Sciences, LP 0.60% of their portfolio SAN FRANCISCO, CA 145,147145.1k $14.8m $14.8m 0.60% New
40 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 132,343132.3k $13.5m $13.5m 0.00% Added +30.7k +30,668
41 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 131,235131.2k $13.4m $13.4m 0.01% Added +62.3k +62,262
42 Ensign Peak Advisors, Inc 0.03% of their portfolio SALT LAKE CITY, UT 126,625126.6k $12.9m $12.9m 0.03% Added +8.2k +8,250
43 Integral Health Asset Management, LLC 1.61% of their portfolio New York, NY 120,000120.0k $12.2m $12.2m 1.61% Added +49.0k +49,000
44 Schonfeld Strategic Advisors LLC 0.10% of their portfolio NEW YORK, NY 114,520114.5k $11.7m $11.7m 0.10% Added +59.6k +59,557
45 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 109,131109.1k $11.1m $11.1m 0.03% Reduced -15.4k -15,449
46 MONTANOVA CAPITAL, LLC 0.59% of their portfolio New York, NY 108,832108.8k $11.1m $11.1m 0.59% Added +93.7k +93,732
47 Ally Bridge Group (NY) LLC 13.04% of their portfolio NEW YORK, NY 105,558105.6k $10.8m $10.8m 13.04% New
48 Frazier Life Sciences Management, L.P. 0.61% of their portfolio PALO ALTO, CA 100,430100.4k $10.2m $10.2m 0.61% New
49 Soleus Capital Management, L.P. 1.11% of their portfolio GREENWICH, CT 97,54797.5k $9.9m $9.9m 1.11% Reduced -77.0k -77,045
50 Tri Locum Partners LP 3.65% of their portfolio NEW YORK, NY 96,27496.3k $9.8m $9.8m 3.65% Added +29.1k +29,068
51 Driehaus Capital Management LLC 0.12% of their portfolio Chicago, IL 94,94594.9k $9.7m $9.7m 0.12% New
52 Skandinaviska Enskilda Banken AB (publ) 0.06% of their portfolio STOCKHOLM, V7 94,64694.6k $9.7m $9.7m 0.06% New
53 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 94,03994.0k $9.6m $9.6m 0.00% Reduced -17.1k -17,082
54 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 89,77189.8k $9.2m $9.2m 0.00% Added +84.4k +84,396
55 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 87,84687.8k $9.0m $9.0m 0.00% Reduced -133.8k -133,850
56 Ghost Tree Capital, LLC 3.13% of their portfolio NEW YORK, NY 85,00085.0k $8.7m $8.7m 3.13% Added +15.0k +15,000
57 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 84,50884.5k $8.6m $8.6m 0.02% Reduced -330.4k -330,446
58 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 84,05984.1k $8.6m $8.6m 0.01% Reduced -17.8k -17,811
59 Polar Asset Management Partners Inc. 0.17% of their portfolio TORONTO, A6 83,40083.4k $8.5m $8.5m 0.17% New
60 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 79,03479.0k $8.1m $8.1m 0.01% Added +62.3k +62,278
61 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 70,51670.5k $7.2m $7.2m 0.01% Reduced -8.5k -8,527
62 KING LUTHER CAPITAL MANAGEMENT CORP 0.03% of their portfolio FORT WORTH, TX 65,53465.5k $6.7m $6.7m 0.03% Unchanged
63 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 56,36556.4k $5.7m $5.7m 0.01% Added +22.6k +22,601
64 Swiss National Bank 0.00% of their portfolio ZURICH, V8 52,40052.4k $5.3m $5.3m 0.00% Reduced -5.8k -5,800
65 Moody Aldrich Partners LLC 1.02% of their portfolio MARBLEHEAD, MA 51,53351.5k $5.3m $5.3m 1.02% Added +2.0k +2,004
66 Alyeska Investment Group, L.P. 0.04% of their portfolio CHICAGO, IL 50,98251.0k $5.2m $5.2m 0.04% New
67 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 48,03348.0k $4.9m $4.9m 0.01% Added +7.6k +7,625
68 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 47,57447.6k $4.8m $4.8m 0.01% Reduced -1.4k -1,404
69 SECTORAL ASSET MANAGEMENT INC 0.81% of their portfolio MONTREAL, A8 47,50047.5k $4.8m $4.8m 0.81% Added +22.5k +22,500
70 Hennion & Walsh Asset Management, Inc. 0.26% of their portfolio Parsippany, NJ 43,31643.3k $4.4m $4.4m 0.26% Reduced -12.9k -12,888
71 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 42,57742.6k $4.3m $4.3m 0.00% Added +1.1k +1,101
72 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 41,89041.9k $4.3m $4.3m 0.01% Added +29.5k +29,529
73 Altium Capital Management LLC 3.31% of their portfolio NEW YORK, NY 41,48541.5k $4.2m $4.2m 3.31% Added +6.5k +6,485
74 Hudson Bay Capital Management LP 0.04% of their portfolio STAMFORD, CT 40,00040.0k $4.1m $4.1m 0.04% New
75 UBS Group AG 0.00% of their portfolio ZURICH, V8 39,02739.0k $4.0m $4.0m 0.00% Added +21.3k +21,283
76 CenterBook Partners LP 0.44% of their portfolio GREENWICH, CT 34,87834.9k $3.6m $3.6m 0.44% New
77 Tekla Capital Management LLC 0.14% of their portfolio Boston, MA 34,25034.2k $3.5m $3.5m 0.14% Added +16.4k +16,400
78 Tolleson Wealth Management, Inc. 0.82% of their portfolio DALLAS, TX 33,25033.2k $3.4m $3.4m 0.82% Reduced -7.0k -7,000
79 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 30,69330.7k $3.1m $3.1m 0.00% Reduced -3.3k -3,287
80 Fayez Sarofim & Co 0.01% of their portfolio Houston, TX 30,32930.3k $3.1m $3.1m 0.01% Unchanged
81 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 29,61129.6k $3.0m $3.0m 0.00% New
82 Affinity Asset Advisors, LLC 1.17% of their portfolio NEW YORK, NY 29,10529.1k $3.0m $3.0m 1.17% New
83 KRS Capital Management, LLC 2.85% of their portfolio Bloomfield, MI 27,94127.9k $2.8m $2.8m 2.85% Reduced -200 -200
84 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 27,43727.4k $2.8m $2.8m 0.01% Added +3.2k +3,206
85 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 26,60626.6k $2.7m $2.7m 0.01% New
86 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 25,83625.8k $2.3m $2.3m 0.00% Unchanged
87 LBJ Family Wealth Advisors, Ltd. 1.81% of their portfolio AUSTIN, TX 25,60425.6k $2.6m $2.6m 1.81% Reduced -4.3k -4,303
88 BRIDGER MANAGEMENT, LLC 0.84% of their portfolio NEW YORK, NY 24,80024.8k $2.5m $2.5m 0.84% Unchanged
89 Prime Capital Investment Advisors, LLC 0.05% of their portfolio OVERLAND PARK, KS 24,55024.6k $2.5m $2.5m 0.05% Added +18.9k +18,850
90 Legal & General Group Plc 0.00% of their portfolio London, X0 23,49823.5k $2.4m $2.4m 0.00% Reduced -3.2k -3,165
91 Erste Asset Management GmbH 0.04% of their portfolio VIENNA, C4 23,00023.0k $2.3m $2.3m 0.04% Unchanged
92 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 22,59522.6k $2.3m $2.3m 0.00% New
93 Wallace Capital Management Inc. 0.35% of their portfolio DALLAS, TX 22,17522.2k $2.3m $2.3m 0.35% New
94 Atika Capital Management LLC 0.28% of their portfolio NEW YORK, NY 22,00022.0k $2.2m $2.2m 0.28% New
95 HighMark Wealth Management LLC 1.63% of their portfolio ST. PAUL, MN 21,21921.2k $2.2m $2.2m 1.63% Reduced -50 -50
96 MADDEN SECURITIES Corp 1.10% of their portfolio DALLAS, TX 21,00021.0k $2.1m $2.1m 1.10% Reduced -2.7k -2,708
97 TCTC Holdings, LLC 0.09% of their portfolio DALLAS, TX 20,98221.0k $2.1m $2.1m 0.09% Unchanged
98 Harvest Investment Services, LLC 1.08% of their portfolio Oakbrook Terrace, IL 18,65518.7k $1.9m $1.9m 1.08% Added +8.4k +8,358
99 SIMPLEX TRADING, LLC 0.08% of their portfolio CHICAGO, IL 17,88417.9k $1.8m $1.8m 0.08% Added +6.1k +6,143
100 CAPITAL COUNSEL LLC/NY 0.10% of their portfolio NEW YORK, NY 17,00017.0k $1.7m $1.7m 0.10% Unchanged