TARSUS PHARMACEUTICALS INC TARS
COM · Common Stock · CUSIP 87650L103 · ISIN US87650L1035
- SectorHealth care
- IndustryBiological Products, (No Diagnostic Substances)
- HeadquartersIrvine, CA
- 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 ($2.4m this quarter). Holder counts are more reliable. Shares outstanding: 38.0m as of 2024-08-02, 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 ≈ $27.18. Options: 6 managers hold calls ($2.3m notional), 7 hold puts ($22.0m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 75 |
| Q4 2022 | 70 |
| Q1 2023 | 75 |
| Q2 2023 | 93 |
| Q3 2023 | 106 |
| Q4 2023 | 117 |
| Q1 2024 | 158 |
| Q2 2024 | 149 |
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 2022 | 35 | 33 |
| Q1 2023 | 37 | 25 |
| Q2 2023 | 63 | 22 |
| Q3 2023 | 74 | 25 |
| Q4 2023 | 71 | 38 |
| Q1 2024 | 107 | 38 |
| Q2 2024 | 90 | 75 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $576.9k | $308.4k | 0.53 |
| Q4 2023 | $3.0m | $457.6k | 0.15 |
| Q1 2024 | $7.5m | $4.3m | 0.57 |
| Q2 2024 | $2.3m | $22.0m | 9.71 |
Biggest buyers
| Assenagon Asset Management S.A. | New | +1.1m |
| LORD, ABBETT & CO. LLC | Added | +762.0k |
| BlackRock Inc. | Added | +614.0k |
| ExodusPoint Capital Management, LP | Added | +454.5k |
| MILLENNIUM MANAGEMENT LLC | Added | +322.9k |
| MACQUARIE GROUP LTD | Added | +305.0k |
| TWO SIGMA INVESTMENTS, LP | Added | +286.5k |
| TWO SIGMA ADVISERS, LP | Added | +233.7k |
| Nuveen Asset Management, LLC | Added | +228.3k |
| J. Goldman & Co LP | Added | +223.8k |
Biggest sellers
| MORGAN STANLEY | Reduced | -5.3m |
| Cormorant Asset Management, LP | Reduced | -1.6m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -508.4k |
| Paradigm Biocapital Advisors LP | Reduced | -428.0k |
| BOONE CAPITAL MANAGEMENT LLC | Reduced | -393.1k |
| TCG Crossover Management, LLC | Reduced | -237.5k |
| STEMPOINT CAPITAL LP | Sold out | -222.3k |
| Frazier Life Sciences Management, L.P. | Reduced | -200.0k |
| Walleye Capital LLC | Reduced | -196.9k |
| NORGES BANK | Sold out | -160.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $842.6k31.0k shares |
| JANE STREET GROUP, LLC | New | $500.1k18.4k shares |
| SIMPLEX TRADING, LLC | Added | $380.0k14.0k shares |
| GROUP ONE TRADING LLC | Added | $353.3k13.0k shares |
| CITADEL ADVISORS LLC | Reduced | $187.5k6.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Integral Health Asset Management, LLC | New | $10.9m400.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.7m246.5k shares |
| Caption Management, LLC | New | $4.3m160.0k shares |
| CITADEL ADVISORS LLC | Reduced | $46.2k1.7k shares |
| GROUP ONE TRADING LLC | Reduced | $8.2k300 shares |
| SIMPLEX TRADING, LLC | Reduced | $8.0k300 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 |
|---|---|
| Deep Track Capital, LP 13G · passive investor +1.4 pts · filed 2026-05-15 | 8.5% |
| RTW INVESTMENTS, LP 13G · institution filed 2025-08-14 | 8.1% |
| BlackRock, Inc. 13G · institution filed 2025-04-24 | 7.4% |
| Janus Henderson Group Ltd. 13G · institution +1.2 pts · filed 2026-08-13 | 6.5% |
Fell to 5% or below in the last year: PRUDENTIAL FINANCIAL INC (4.3%, 2026-05-08), JENNISON ASSOCIATES LLC (4.0%, 2026-05-06), VANGUARD GROUP INC (0.0%, 2026-03-27), TANG CAPITAL MANAGEMENT LLC (2.8%, 2026-02-17)
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 | 1 | $296.6k | 2 | $568.9k | — |
| Q4 2022 | 0 | — | 5 | $1.3m | — |
| Q1 2023 | 0 | — | 8 | $1.2m | — |
| Q2 2023 | 0 | — | 3 | $1.1m | $1.1m |
| Q3 2023 | 1 | $159.7k | 2 | $2.6m | $2.6m |
| Q4 2023 | 1 | $19.0k | 4 | $1.6m | $1.3m |
| Q1 2024 | 0 | — | 5 | $881.6k | — |
| Q2 2024 | 0 | — | 1 | $286.9k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-18 | Farrow Jeffrey S Officer | Sold | $286.9k10.4k 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 2024
| Manager | Shares | Change |
|---|---|---|
| RTW INVESTMENTS, LP 1.44% of their portfolio | 3.4m $92.8m | Added +140.1k |
| BlackRock Inc. 0.00% of their portfolio | 3.3m $88.8m | Added +614.0k |
| Paradigm Biocapital Advisors LP 2.53% of their portfolio | 2.4m $66.2m | Reduced -428.0k |
| TANG CAPITAL MANAGEMENT LLC 6.24% of their portfolio | 2.3m $61.3m | Unchanged |
| COWEN AND COMPANY, LLC 1.65% of their portfolio | 2.2m $59.7m | Added +74.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.0m $54.1m | Added +163.1k |
| MORGAN STANLEY 0.00% of their portfolio | 1.9m $51.2m | Reduced -5.3m |
| Frazier Life Sciences Management, L.P. 2.02% of their portfolio | 1.6m $43.1m | Reduced -200.0k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 1.5m $40.2m | Added +148.9k |
| PERCEPTIVE ADVISORS LLC 0.85% of their portfolio | 1.3m $35.2m | Unchanged |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 1.1m $28.9m | New |
| LORD, ABBETT & CO. LLC 0.04% of their portfolio | 926.5k $25.2m | Added +762.0k |
| STATE STREET CORP 0.00% of their portfolio | 925.6k $25.2m | Added +208.5k |
| Ikarian Capital, LLC 6.79% of their portfolio | 800.3k $21.8m | Added +90.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 773.2k $21.0m | Added +143.5k |
| ExodusPoint Capital Management, LP 0.20% of their portfolio | 670.5k $18.2m | Added +454.5k |
| Artisan Partners Limited Partnership 0.03% of their portfolio | 627.6k $17.1m | Added +148 |
| Ensign Peak Advisors, Inc 0.03% of their portfolio | 594.3k $16.2m | Reduced -133.6k |
| Integral Health Asset Management, LLC 1.60% of their portfolio | 590.0k $16.0m | Unchanged |
| Vivo Capital, LLC 1.42% of their portfolio | 565.5k $15.4m | Unchanged |
| TCG Crossover Management, LLC 1.58% of their portfolio | 556.3k $15.1m | Reduced -237.5k |
| Tetragon Partners GP Ltd 4.21% of their portfolio | 500.0k $13.6m | Added +50.0k |
| Cormorant Asset Management, LP 0.79% of their portfolio | 500.0k $13.6m | Reduced -1.6m |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 455.0k $12.4m | Added +305.0k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 434.3k $11.8m | Added +286.5k |
| Jefferies Financial Group Inc. 0.22% of their portfolio | 420.8k $11.4m | Added +150.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 406.9k $11.1m | Reduced -17.9k |
| Invesco Ltd. 0.00% of their portfolio | 391.6k $10.6m | Added +168.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio | 389.6k $10.6m | Reduced -508.4k |
| J. Goldman & Co LP 0.39% of their portfolio | 387.2k $10.5m | Added +223.8k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 385.1k $10.5m | Added +228.3k |
| Driehaus Capital Management LLC 0.10% of their portfolio | 364.5k $9.9m | Added +203.3k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 348.6k $9.5m | Added +322.9k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 307.6k $8.4m | Added +233.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 291.3k $7.9m | Reduced -56.4k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 269.8k $7.3m | Added +73.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 261.9k $7.1m | Added +39.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 253.0k $6.9m | Added +5.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 243.1k $6.6m | Added +13.6k |
| Ghost Tree Capital, LLC 2.22% of their portfolio | 235.0k $6.4m | Reduced -65.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 226.9k $6.2m | Added +193.5k |
| BOONE CAPITAL MANAGEMENT LLC 1.53% of their portfolio | 216.0k $5.9m | Reduced -393.1k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 207.5k $5.6m | Reduced -11.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 205.6k $5.6m | Added +1.8k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.17% of their portfolio | 200.1k $5.4m | Added +24.6k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 181.1k $4.9m | Reduced -11.2k |
| Sands Capital Alternatives, LLC 1.55% of their portfolio | 170.0k $4.6m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 127.3k $3.5m | Added +15.9k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 123.8k $3.4m | Reduced -4.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 122.6k $3.3m | Added +26.2k |
| Aberdeen Group plc 0.01% of their portfolio | 102.6k $2.8m | Added +30.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 85.3k $2.3m | Reduced -11.7k |
| Hudson Bay Capital Management LP 0.02% of their portfolio | 85.0k $2.3m | New |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 79.5k $2.2m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 78.8k $2.1m | Added +40.6k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 75.9k $2.1m | Added +45.8k |
| Walleye Capital LLC 0.02% of their portfolio | 75.6k $2.1m | Reduced -196.9k |
| TWINBEECH CAPITAL LP 0.03% of their portfolio | 54.2k $1.5m | New |
| Grant/GrossMendelsohn, LLC 0.67% of their portfolio | 53.6k $1.5m | Reduced -10 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 53.1k $1.4m | Added +30.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 49.7k $1.3m | Added +6.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 48.1k $1.3m | Reduced -10.2k |
| Swiss National Bank 0.00% of their portfolio | 47.3k $1.3m | Added +4.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 47.1k $1.3m | Added +24.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 40.2k $1.1m | Reduced -66.5k |
| SILVERARC CAPITAL MANAGEMENT, LLC 0.27% of their portfolio | 40.0k $1.1m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 39.5k $1.1m | Added +20 |
| E. Ohman J:or Asset Management AB 0.03% of their portfolio | 39.0k $1.1m | Added +14.0k |
| Graham Capital Management, L.P. 0.04% of their portfolio | 38.3k $1.0m | New |
| Advisory Services Network, LLC 0.02% of their portfolio | 37.8k $1.0m | New |
| TD Asset Management Inc 0.00% of their portfolio | 35.4k $961.8k | Reduced -13.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 35.1k $954.6k | Added +7.8k |
| Trexquant Investment LP 0.01% of their portfolio | 34.9k $948.7k | Reduced -6.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 33.3k $904.6k | Added +3.1k |
| Callan Capital, LLC 0.03% of their portfolio | 29.6k $804.5k | Added +1.6k |
| Jackson Creek Investment Advisors LLC 0.29% of their portfolio | 29.5k $802.0k | Reduced -53 |
| ALPS ADVISORS INC 0.01% of their portfolio | 29.5k $800.9k | Added +3.0k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 28.1k $764.8k | Added +12.6k |
| UBS Group AG 0.00% of their portfolio | 28.0k $760.3k | Reduced -10.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 27.8k $756.3k | New |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 26.5k $719.8k | Added +11.0k |
| Legal & General Group Plc 0.00% of their portfolio | 24.5k $665.5k | Added +1.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 24.4k $663.5k | Added +2.1k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 23.1k $627.0k | Added +2.2k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 23.0k $624.0k | Reduced -1.7k |
| BARCLAYS PLC 0.00% of their portfolio | 22.1k $601.4k | Reduced -8.2k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 21.5k $584.5k | Added +6.0k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 21.3k $578.8k | Reduced -11.5k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 19.8k $537.9k | First filing |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 16.0k $434.6k | Added +4.5k |
| CITIGROUP INC 0.00% of their portfolio | 15.8k $428.1k | Added +1.6k |
| Alpha DNA Investment Management LLC 0.23% of their portfolio | 15.2k $412.4k | Added +1.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 14.6k $398.0k | First filing |
| Aigen Investment Management, LP 0.07% of their portfolio | 13.8k $374.0k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 13.5k $366.5k | Added +1.6k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 13.0k $354.0k | Reduced -37.9k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 12.8k $346.7k | Reduced -5.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 12.3k $334.9k | Added +2.8k |
| Dynamic Technology Lab Private Ltd 0.04% of their portfolio | 12.3k $334.0k | New |
| HARBOR CAPITAL ADVISORS, INC. 0.02% of their portfolio | 11.5k $312.0k | Reduced -127 |