TRAVERE THERAPEUTICS INC TVTX
COM · Common Stock · CUSIP 89422G107
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersSan Diego, 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 ($6.6m this quarter). Holder counts are more reliable. Shares outstanding: 94.3m as of 2026-07-30, 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 ≈ $56.79. Options: 11 managers hold calls ($77.8m notional), 10 hold puts ($50.1m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 171 |
| Q4 2022 | 156 |
| Q1 2023 | 176 |
| Q2 2023 | 170 |
| Q3 2023 | 170 |
| Q4 2023 | 166 |
| Q1 2024 | 176 |
| Q2 2024 | 175 |
| Q3 2024 | 179 |
| Q4 2024 | 198 |
| Q1 2025 | 219 |
| Q2 2025 | 214 |
| Q3 2025 | 238 |
| Q4 2025 | 278 |
| Q1 2026 | 261 |
| Q2 2026 | 319 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 88 | 81 |
| Q4 2024 | 113 | 81 |
| Q1 2025 | 131 | 76 |
| Q2 2025 | 113 | 116 |
| Q3 2025 | 127 | 105 |
| Q4 2025 | 158 | 128 |
| Q1 2026 | 131 | 152 |
| Q2 2026 | 207 | 114 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $88.1m | $25.5m | 0.29 |
| Q4 2025 | $110.9m | $103.2m | 0.93 |
| Q1 2026 | $86.6m | $59.4m | 0.69 |
| Q2 2026 | $77.8m | $50.1m | 0.64 |
Biggest buyers
| BANK OF AMERICA CORP /DE/ | Added | +3.2m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +1.6m |
| MARSHALL WACE, LLP | Added | +1.2m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +1.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +913.8k |
| Assenagon Asset Management S.A. | Added | +846.7k |
| Qube Research & Technologies Ltd | Added | +774.1k |
| Rock Springs Capital Management LP | Added | +701.1k |
| JANE STREET GROUP, LLC | Added | +636.4k |
| D. E. Shaw & Co., Inc. | Added | +603.9k |
Biggest sellers
| FMR LLC | Reduced | -3.9m |
| ARMISTICE CAPITAL, LLC | Reduced | -3.3m |
| RA CAPITAL MANAGEMENT, L.P. | Sold out | -746.8k |
| STATE STREET CORP | Reduced | -703.8k |
| DEUTSCHE BANK AG\ | Reduced | -700.3k |
| Soleus Capital Management, L.P. | Sold out | -546.0k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Reduced | -458.0k |
| Aberdeen Group plc | Reduced | -432.3k |
| PERCEPTIVE ADVISORS LLC | Reduced | -390.0k |
| Fiera Capital Corp | Reduced | -383.9k |
Biggest calls
| ARMISTICE CAPITAL, LLC | New | $28.4m500.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $21.6m379.6k shares |
| Caption Management, LLC | Reduced | $10.3m181.1k shares |
| JANE STREET GROUP, LLC | Reduced | $6.0m106.4k shares |
| CITADEL ADVISORS LLC | Reduced | $5.9m103.2k shares |
| IMC-Chicago, LLC | Reduced | $2.1m37.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.7m30.2k shares |
| GROUP ONE TRADING LLC | Reduced | $994.2k17.5k shares |
| Squarepoint Ops LLC | New | $636.3k11.2k shares |
| Walleye Trading LLC | New | $113.6k2.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $21.9m384.7k shares |
| JANE STREET GROUP, LLC | Added | $17.3m305.1k shares |
| CITADEL ADVISORS LLC | Reduced | $5.2m92.2k shares |
| IMC-Chicago, LLC | Added | $1.9m34.1k shares |
| GROUP ONE TRADING LLC | Reduced | $1.6m27.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.1m19.3k shares |
| HRT FINANCIAL LP | New | $693.0k12.2k shares |
| TUDOR INVESTMENT CORP ET AL | New | $329.5k5.8k shares |
| Walleye Trading LLC | New | $51.1k900 shares |
| JPMORGAN CHASE & CO | New | $11.7k200 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 -0.9 pts · filed 2025-11-14 | 11.9% |
| FMR LLC 13G · institution -4.0 pts · filed 2026-08-06 | 7.7% |
| BlackRock, Inc. 13G · institution -1.9 pts · filed 2025-04-17 | 7.5% |
| BANK OF AMERICA CORP /DE/ 13G · institution new · filed 2026-08-12 | 5.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.1% |
Fell to 5% or below in the last year: ARMISTICE CAPITAL, LLC (1.7%, 2026-08-14), STATE STREET CORP (4.6%, 2026-08-07), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC), PERCEPTIVE ADVISORS LLC (4.8%, 2026-02-17), MACQUARIE GROUP LTD (0.0%, 2026-02-13)
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.
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 2 | $1.1m | $847.4k |
| Q1 2025 | 0 | — | 8 | $4.6m | $4.2m |
| Q2 2025 | 0 | — | 5 | $644.7k | $569.2k |
| Q3 2025 | 0 | — | 3 | $280.7k | $280.7k |
| Q4 2025 | 0 | — | 7 | $11.3m | $11.3m |
| Q1 2026 | 0 | — | 7 | $9.5m | $8.4m |
| Q2 2026 | 0 | — | 11 | $14.8m | $14.8m |
| Q3 2026 | 0 | — | 9 | $67.0m | $66.9m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-17 | Dube Eric M CHIEF EXECUTIVE OFFICER, director | Sold plan | $7.0m108.5k shares |
| 2026-09-17 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Sold plan | $538.9k8.3k shares |
| 2026-09-16 | Dube Eric M CHIEF EXECUTIVE OFFICER, director | Sold plan | $12.4m195.8k shares |
| 2026-09-16 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Sold plan | $11.0m172.7k shares |
| 2026-09-16 | ROTE WILLIAM E. Chief Research Officer | Sold plan | $7.1m112.8k shares |
| 2026-09-15 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Sold plan | $6.4m102.2k shares |
| 2026-09-15 | ROTE WILLIAM E. Chief Research Officer | Sold plan | $6.0m96.2k shares |
| 2026-09-15 | Dube Eric M CHIEF EXECUTIVE OFFICER, director | Sold plan | $6.0m95.7k shares |
| 2026-09-15 | Cline Christopher R. CHIEF FINANCIAL OFFICER | Sold plan | $3.1m50.5k shares |
| 2026-09-15 | Inrig Jula EVP, Head of R&D & CMO | Sold plan | $2.8m44.7k shares |
| 2026-09-15 | REED ELIZABETH E Chief Legal Officer and GC | Sold plan | $2.3m37.5k shares |
| 2026-09-15 | Calvin Sandra SVP, CHIEF ACCOUNTING OFFICER | Sold plan | $335.0k5.4k shares |
| 2026-09-10 | Meckler Jeffrey A Director | Sold plan | $1.3m20.0k shares |
| 2026-09-02 | Cline Christopher R. CHIEF FINANCIAL OFFICER | Sold | $42.6k642 shares |
| 2026-08-18 | LYONS GARY A Director | Sold plan | $316.9k5.0k shares |
| 2026-08-17 | LYONS GARY A Director | Sold plan | $316.0k5.0k shares |
| 2026-06-12 | Coughlin Timothy Director | Sold plan | $500.7k10.0k shares |
| 2026-06-12 | Baynes Roy D. Director | Sold plan | $225.0k4.5k shares |
| 2026-05-15 | Coughlin Timothy Director | Sold plan | $141.3k3.2k shares |
| 2026-05-06 | Dube Eric M CHIEF EXECUTIVE OFFICER, director | Sold plan | $988.9k22.5k shares |
| 2026-05-06 | ROTE WILLIAM E. Chief Research Officer | Sold plan | $121.4k2.8k shares |
| 2026-05-06 | REED ELIZABETH E Chief Legal Officer and GC | Sold plan | $91.2k2.1k shares |
| 2026-05-06 | Inrig Jula CHIEF MEDICAL OFFICER | Sold plan | $13.7k311 shares |
| 2026-05-06 | Cline Christopher R. CHIEF FINANCIAL OFFICER | Sold plan | $13.6k310 shares |
| 2026-05-05 | Baynes Roy D. Director | Sold plan | $209.9k4.5k shares |
| 2026-05-05 | Cline Christopher R. CHIEF FINANCIAL OFFICER | Sold plan | $101.7k2.2k shares |
| 2026-05-05 | REED ELIZABETH E Chief Legal Officer and GC | Sold plan | $101.4k2.2k shares |
| 2026-05-05 | Heerma Peter CHIEF COMMERCIAL OFFICER | Sold | $101.4k2.2k shares |
| 2026-05-05 | Inrig Jula CHIEF MEDICAL OFFICER | Sold plan | $101.4k2.2k shares |
| 2026-05-04 | REED ELIZABETH E Chief Legal Officer and GC | Sold plan | $900.0k20.0k shares |
The latest 30 of 49 trades.
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 |
|---|---|---|
| Jupiter Topco LLC 0.26% of their portfolio | 11.3m $643.3m | First filing |
| BlackRock, Inc. 0.01% of their portfolio | 8.0m $455.7m | Added +228.6k |
| FMR LLC 0.02% of their portfolio | 7.1m $403.2m | Reduced -3.9m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 4.6m $259.5m | Added +3.2m |
| STATE STREET CORP 0.01% of their portfolio | 4.3m $241.8m | Reduced -703.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 4.1m $233.4m | Added +62.9k |
| PERCEPTIVE ADVISORS LLC 3.31% of their portfolio | 3.8m $213.2m | Reduced -390.0k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.24% of their portfolio | 2.8m $159.8m | Reduced -458.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.20% of their portfolio | 2.6m $146.0m | Added +1.6m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.4m $134.8m | Added +2.3k |
| Rock Springs Capital Management LP 6.04% of their portfolio | 2.2m $123.8m | Added +701.1k |
| Kynam Capital Management, LP 6.28% of their portfolio | 2.0m $113.6m | Added +431.0k |
| Stephens Investment Management Group LLC 1.14% of their portfolio | 1.9m $106.5m | Added +76.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.14% of their portfolio | 1.8m $104.1m | Reduced -133.7k |
| EMERALD ADVISERS, LLC 2.14% of their portfolio | 1.6m $90.9m | Added +43.7k |
| ARMISTICE CAPITAL, LLC 2.47% of their portfolio | 1.6m $89.3m | Reduced -3.3m |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 1.6m $88.9m | Added +57.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 1.5m $87.6m | Reduced -167.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.5m $87.2m | Reduced -184.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 1.5m $87.1m | Added +510.8k |
| Qube Research & Technologies Ltd 0.09% of their portfolio | 1.4m $82.0m | Added +774.1k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 1.4m $81.8m | Added +603.9k |
| Driehaus Capital Management LLC 0.47% of their portfolio | 1.4m $81.8m | Added +156.6k |
| MARSHALL WACE, LLP 0.06% of their portfolio | 1.3m $75.7m | Added +1.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.3m $74.9m | Added +913.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 1.2m $65.7m | Added +1.0m |
| MPM BIOIMPACT LLC 3.89% of their portfolio | 1.1m $63.8m | Reduced -10.6k |
| Nuveen, LLC 0.01% of their portfolio | 1.1m $59.9m | Added +116.1k |
| EMERALD MUTUAL FUND ADVISERS TRUST 2.06% of their portfolio | 1.0m $58.6m | Added +87.0k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 938.7k $53.3m | Added +636.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 875.0k $49.7m | Added +93.6k |
| Assenagon Asset Management S.A. 0.03% of their portfolio | 854.6k $48.6m | Added +846.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 827.3k $47.0m | Added +36.5k |
| Eversept Partners, LP 2.47% of their portfolio | 799.0k $45.4m | Added +256.4k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 661.8k $37.6m | Added +49.2k |
| Ensign Peak Advisors, Inc 0.06% of their portfolio | 591.8k $33.6m | Reduced -123.9k |
| T. Rowe Price Investment Management, Inc. 0.02% of their portfolio | 581.4k $33.0m | Added +60.8k |
| Fiera Capital Corp 0.11% of their portfolio | 517.0k $29.4m | Reduced -383.9k |
| PANAGORA ASSET MANAGEMENT INC 0.09% of their portfolio | 490.7k $27.9m | Reduced -102.2k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 478.9k $27.2m | New |
| UBS Group AG 0.00% of their portfolio | 473.5k $26.9m | Reduced -383.3k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 470.9k $26.8m | Added +169.4k |
| Legal & General Group Plc 0.01% of their portfolio | 470.4k $26.7m | Added +19.3k |
| Candriam S.C.A. 0.12% of their portfolio | 470.3k $26.7m | Added +100.3k |
| Invesco Ltd. 0.00% of their portfolio | 459.3k $26.1m | Reduced -64.4k |
| Graham Capital Management, L.P. 0.68% of their portfolio | 446.7k $25.4m | New |
| MORGAN STANLEY 0.00% of their portfolio | 429.3k $24.4m | Added +127.6k |
| GW&K Investment Management, LLC 0.18% of their portfolio | 404.2k $23.0m | Added +263.8k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 396.0k $22.5m | Added +161.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 379.6k $22.1m | Added +164.7k |
| Integral Health Asset Management, LLC 0.87% of their portfolio | 375.0k $21.3m | New |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 344.5k $20.1m | Reduced -185.2k |
| Artia Global Partners LP 3.66% of their portfolio | 339.0k $19.3m | Added +268.3k |
| Capricorn Fund Managers Ltd 1.46% of their portfolio | 321.7k $18.3m | New |
| Impax Asset Management Group plc 0.11% of their portfolio | 300.0k $17.0m | Added +75.0k |
| Affinity Asset Advisors, LLC 0.83% of their portfolio | 300.0k $17.0m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 297.0k $16.9m | Added +3.6k |
| Elmind Capital, LP 4.18% of their portfolio | 292.6k $16.6m | Added +115.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 292.4k $16.6m | New |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 286.5k $16.3m | Added +17.9k |
| Palisades Investment Partners, LLC 4.41% of their portfolio | 273.1k $15.5m | Added +17.8k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 270.0k $15.3m | Reduced -35.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 267.9k $15.9m | Reduced -20.7k |
| Woodline Partners LP 0.04% of their portfolio | 254.1k $14.4m | Reduced -48.6k |
| ORBIMED ADVISORS LLC 0.27% of their portfolio | 253.0k $14.4m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 246.5k $14.0m | Added +29.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 244.6k $13.9m | Reduced -2.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 225.6k $12.8m | Reduced -700.3k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 220.6k $12.6m | Reduced -176.2k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 214.9k $12.2m | Added +24.1k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio | 205.5k $11.7m | Reduced -163.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 204.4k $11.6m | Added +7.8k |
| F/m Investments LLC 0.54% of their portfolio | 187.6k $10.7m | Added +22.6k |
| Hennion & Walsh Asset Management, Inc. 0.28% of their portfolio | 171.5k $9.7m | Added +58.0k |
| Hillsdale Investment Management Inc. 0.22% of their portfolio | 167.9k $9.5m | Reduced -14.4k |
| Palo Alto Investors LP 1.32% of their portfolio | 167.5k $9.5m | Reduced -62.9k |
| Swiss National Bank 0.00% of their portfolio | 166.6k $9.5m | Reduced -1.5k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 166.6k $9.5m | Added +91.0k |
| ALGERT GLOBAL LLC 0.11% of their portfolio | 166.4k $9.5m | Reduced -10.5k |
| SEB Asset Management AB 0.04% of their portfolio | 164.7k $9.4m | New |
| Aquatic Capital Management LLC 0.31% of their portfolio | 157.7k $9.0m | Added +122.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 156.2k $8.9m | Added +66.8k |
| Knott David M Jr 4.42% of their portfolio | 147.3k $8.4m | Added +6.6k |
| Voleon Capital Management LP 0.15% of their portfolio | 145.7k $8.3m | Added +102.3k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 142.9k $8.1m | Reduced -23.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 142.4k $8.1m | Added +5.3k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 1.00% of their portfolio | 133.9k $7.6m | Reduced -27.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 132.8k $7.5m | Added +8.6k |
| Aberdeen Group plc 0.01% of their portfolio | 124.9k $7.1m | Reduced -432.3k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 122.0k $6.9m | Added +29.2k |
| Calamos Advisors LLC 0.03% of their portfolio | 121.8k $6.9m | Added +67.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 119.3k $6.8m | Added +79.3k |
| Lisanti Capital Growth, LLC 1.49% of their portfolio | 119.0k $6.8m | Added +70.8k |
| Informed Momentum Co LLC 0.60% of their portfolio | 118.0k $6.7m | New |
| CITIGROUP INC 0.00% of their portfolio | 115.0k $6.5m | Added +87.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 113.7k $6.5m | Added +10.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 113.7k $3.4m | Reduced -30.1k |
| Apis Capital Advisors, LLC 0.62% of their portfolio | 112.0k $6.4m | New |
| Squarepoint Ops LLC 0.01% of their portfolio | 109.8k $6.2m | Reduced -90.3k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.04% of their portfolio | 104.2k $5.9m | New |