VERA THERAPEUTICS INC VERA
CL A · Common Stock · CUSIP 92337R101
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersBrisbane, 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 ($195.5k this quarter). Holder counts are more reliable. Shares outstanding: 63.9m as of 2025-10-30, 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 ≈ $50.64. Options: 9 managers hold calls ($48.6m notional), 5 hold puts ($12.5m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 55 |
| Q4 2022 | 60 |
| Q1 2023 | 71 |
| Q2 2023 | 78 |
| Q3 2023 | 86 |
| Q4 2023 | 97 |
| Q1 2024 | 161 |
| Q2 2024 | 173 |
| Q3 2024 | 175 |
| Q4 2024 | 180 |
| Q1 2025 | 181 |
| Q2 2025 | 174 |
| Q3 2025 | 176 |
| Q4 2025 | 215 |
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 | 123 | 39 |
| Q2 2024 | 104 | 76 |
| Q3 2024 | 90 | 77 |
| Q4 2024 | 119 | 59 |
| Q1 2025 | 105 | 77 |
| Q2 2025 | 105 | 88 |
| Q3 2025 | 100 | 78 |
| Q4 2025 | 135 | 77 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $17.2m | $4.8m | 0.28 |
| Q2 2025 | $38.9m | $11.7m | 0.30 |
| Q3 2025 | $2.7m | $5.2m | 1.92 |
| Q4 2025 | $48.6m | $12.5m | 0.26 |
Biggest buyers
| Deep Track Capital, LP | New | +2.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.8m |
| Bellevue Group AG | New | +1.7m |
| Holocene Advisors, LP | New | +1.3m |
| ALLIANCEBERNSTEIN L.P. | Added | +1.2m |
| BlackRock, Inc. | Added | +578.3k |
| Point72 Asset Management, L.P. | Added | +466.4k |
| DEERFIELD MANAGEMENT COMPANY, L.P. | Added | +418.5k |
| VANGUARD GROUP INC | Added | +379.7k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | New | +371.2k |
Biggest sellers
| TANG CAPITAL MANAGEMENT LLC | Sold out | -1.4m |
| CITADEL ADVISORS LLC | Reduced | -837.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -648.2k |
| Kynam Capital Management, LP | Reduced | -594.7k |
| MPM BIOIMPACT LLC | Sold out | -563.1k |
| Capricorn Fund Managers Ltd | Sold out | -450.7k |
| Hudson Bay Capital Management LP | Sold out | -440.6k |
| PFM Health Sciences, LP | Reduced | -406.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -398.7k |
| Tri Locum Partners LP | Reduced | -384.5k |
Biggest calls
| Caption Management, LLC | New | $35.6m702.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.1m61.6k shares |
| Squadron Capital Management LLC | First filing | $3.0m60.0k shares |
| CITADEL ADVISORS LLC | Added | $2.9m56.8k shares |
| TUDOR INVESTMENT CORP ET AL | New | $2.5m50.1k shares |
| JANE STREET GROUP, LLC | New | $521.6k10.3k shares |
| GROUP ONE TRADING LLC | Added | $491.2k9.7k shares |
| SIMPLEX TRADING, LLC | Added | $476.0k9.4k shares |
| Walleye Capital LLC | New | $25.3k500 shares |
Biggest puts
| Centiva Capital, LP | New | $6.7m132.5k shares |
| JANE STREET GROUP, LLC | Added | $3.4m67.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.5m28.7k shares |
| CITADEL ADVISORS LLC | Added | $800.1k15.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $81.0k1.6k 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 |
|---|---|
| Avoro Capital Advisors LLC 13G · institution filed 2025-02-14 | 8.9% |
| BlackRock, Inc. 13G · institution filed 2026-07-30 | 7.4% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution -1.3 pts · filed 2026-05-15 | 6.4% |
| STATE STREET CORP 13G · institution new · filed 2026-08-07 | 5.8% |
| Deep Track Capital, LP 13G · passive investor new · filed 2026-03-11 | 5.5% |
| Flynn James E 13G · passive investor new · filed 2025-06-11 | 5.2% |
Fell to 5% or below in the last year: Kynam Capital Management, LP (4.0%, 2026-08-14), Point72 Asset Management, L.P. (1.7%, 2026-04-01), VANGUARD GROUP INC (0.0%, 2026-03-27), Sofinnova Venture Partners X, L.P. (4.0%, 2026-03-05), FMR LLC (4.1%, 2026-02-05)
Insider purchases and sales in Q4 2025
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 |
|---|---|---|---|---|---|
| Q1 2024 | 1 | $5.0m | 1 | $34.1m | — |
| Q2 2024 | 0 | — | 2 | $6.2m | — |
| Q3 2024 | 0 | — | 2 | $4.6m | $4.1m |
| Q4 2024 | 0 | — | 2 | $6.1m | $6.1m |
| Q1 2025 | 0 | — | 1 | $1.3m | $1.3m |
| Q2 2025 | 1 | $5.3m | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 1 | $250.0k | 3 | $1.9m | $1.4m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-15 | Turner William D. Chief Regulatory Officer | Sold plan | $500.8k10.0k shares |
| 2025-12-11 | ENRIGHT PATRICK G Director | Bought | $250.0k5.9k shares |
| 2025-12-08 | Turner William D. Chief Regulatory Officer | Sold plan | $453.1k10.0k shares |
| 2025-12-03 | Turner William D. Chief Regulatory Officer | Sold plan | $400.0k10.0k shares |
| 2025-11-21 | Carter Jason S Chief Legal Officer | Sold | $107.5k3.9k shares |
| 2025-11-11 | Young Joseph R SVP, FINANCE, CHIEF ACCT OFFCR | Sold | $435.9k15.0k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Avoro Capital Advisors LLC 2.93% of their portfolio | 5.9m $298.2m | Reduced -321.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 5.5m $276.6m | Added +1.8m |
| BlackRock, Inc. 0.00% of their portfolio | 4.8m $244.4m | Added +578.3k |
| DEERFIELD MANAGEMENT COMPANY, L.P. 2.64% of their portfolio | 4.1m $205.6m | Added +418.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 3.6m $180.8m | Added +379.7k |
| Kynam Capital Management, LP 11.32% of their portfolio | 3.4m $173.8m | Reduced -594.7k |
| Eversept Partners, LP 8.72% of their portfolio | 3.1m $155.6m | Added +264.5k |
| FMR LLC 0.01% of their portfolio | 2.9m $146.1m | Added +42.7k |
| Deep Track Capital, LP 3.26% of their portfolio | 2.8m $142.9m | New |
| Sofinnova Investments, Inc. 6.10% of their portfolio | 2.8m $141.5m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 2.7m $135.5m | Added +343.0k |
| Integral Health Asset Management, LLC 4.62% of their portfolio | 1.8m $91.2m | Added +100.0k |
| Point72 Asset Management, L.P. 0.14% of their portfolio | 1.7m $88.0m | Added +466.4k |
| Bellevue Group AG 1.63% of their portfolio | 1.7m $86.0m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.4m $73.2m | Added +123.3k |
| Pictet Asset Management Holding SA 0.07% of their portfolio | 1.4m $70.5m | Reduced -46.7k |
| Holocene Advisors, LP 0.14% of their portfolio | 1.3m $66.2m | New |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 1.2m $61.7m | Added +1.2m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.1m $56.8m | Added +362.2k |
| Woodline Partners LP 0.20% of their portfolio | 1.0m $50.7m | Added +262.7k |
| First Light Asset Management, LLC 3.37% of their portfolio | 869.7k $44.0m | Added +362.6k |
| Tri Locum Partners LP 5.30% of their portfolio | 805.7k $40.8m | Reduced -384.5k |
| BRAIDWELL LP 1.27% of their portfolio | 784.7k $39.7m | Added +312.0k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 777.5k $39.4m | Reduced -837.9k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 732.7k $37.1m | Added +24.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 694.3k $35.2m | Added +203.8k |
| ARMISTICE CAPITAL, LLC 0.81% of their portfolio | 653.8k $33.1m | Added +117.8k |
| First Turn Management, LLC 3.48% of their portfolio | 601.8k $30.5m | Added +247.2k |
| Rock Springs Capital Management LP 1.48% of their portfolio | 568.6k $28.8m | Reduced -48.8k |
| Vestal Point Capital, LP 1.02% of their portfolio | 550.0k $27.9m | Reduced -210.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 518.9k $26.3m | Added +53.0k |
| MORGAN STANLEY 0.00% of their portfolio | 499.7k $25.3m | Added +225.1k |
| Elmind Capital, LP 7.21% of their portfolio | 482.5k $24.4m | First filing |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 474.7k $24.0m | Added +220.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 473.2k $24.0m | Added +12.0k |
| Candriam S.C.A. 0.11% of their portfolio | 449.6k $22.8m | Added +22.4k |
| Rhenman & Partners Asset Management AB 1.99% of their portfolio | 420.0k $21.3m | Added +290.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 419.0k $21.2m | Added +2.6k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 378.1k $19.1m | Reduced -83.4k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.20% of their portfolio | 371.2k $18.8m | New |
| ORBIMED ADVISORS LLC 0.37% of their portfolio | 353.5k $17.9m | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 351.9k $17.8m | Reduced -8.4k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 347.4k $17.6m | Reduced -286.4k |
| TD Asset Management Inc 0.01% of their portfolio | 325.6k $16.5m | Added +115.1k |
| BARCLAYS PLC 0.01% of their portfolio | 253.7k $12.8m | Added +36.1k |
| TimesSquare Capital Management, LLC 0.19% of their portfolio | 252.5k $12.8m | New |
| Affinity Asset Advisors, LLC 0.91% of their portfolio | 250.0k $12.7m | Reduced -53.3k |
| Alphabet Inc. 0.47% of their portfolio | 241.3k $12.2m | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 227.1k $11.5m | Reduced -90.6k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 210.0k $10.6m | Added +38.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 208.0k $10.6m | Added +68.4k |
| UBS Group AG 0.00% of their portfolio | 207.3k $10.5m | Added +45.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 203.0k $10.3m | Added +120.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 199.7k $10.1m | Reduced -398.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 193.4k $9.8m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 176.7k $8.9m | Added +110.1k |
| CITIGROUP INC 0.01% of their portfolio | 174.3k $8.8m | Added +165.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 169.7k $8.6m | Added +8.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 154.6k $7.8m | Added +154.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 145.2k $7.4m | Added +64.0k |
| Nicholas Investment Partners, LP 0.53% of their portfolio | 144.8k $7.3m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 124.9k $6.3m | Reduced -38.3k |
| Exome Asset Management LLC 3.11% of their portfolio | 124.4k $6.3m | Reduced -31.7k |
| Swedbank AB 0.01% of their portfolio | 121.2k $6.1m | Added +71.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 120.6k $6.1m | Added +18.4k |
| PLATINUM INVESTMENT MANAGEMENT LTD 1.40% of their portfolio | 119.4k $6.0m | Reduced -40.4k |
| GW&K Investment Management, LLC 0.05% of their portfolio | 113.8k $5.8m | Added +36.7k |
| PFM Health Sciences, LP 0.55% of their portfolio | 107.7k $5.5m | Reduced -406.0k |
| Parkman Healthcare Partners LLC 0.48% of their portfolio | 100.6k $5.1m | Added +3.8k |
| Invesco Ltd. 0.00% of their portfolio | 89.9k $4.6m | Added +59.2k |
| Rafferty Asset Management, LLC 0.02% of their portfolio | 85.8k $4.3m | Reduced -1.7k |
| Soviero Asset Management, LP 2.25% of their portfolio | 85.0k $4.3m | Reduced -15.0k |
| Swiss National Bank 0.00% of their portfolio | 75.6k $3.8m | Reduced -4.8k |
| ExodusPoint Capital Management, LP 0.04% of their portfolio | 72.7k $3.7m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 66.5k $3.4m | Reduced -6.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 64.9k $3.3m | Added +6.4k |
| ALGERT GLOBAL LLC 0.05% of their portfolio | 64.9k $3.3m | Reduced -228.5k |
| Cinctive Capital Management LP 0.19% of their portfolio | 64.6k $3.3m | Reduced -32.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 64.1k $3.2m | Reduced -100.6k |
| EASTERN BANK 0.05% of their portfolio | 56.0k $2.8m | Unchanged |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 54.3k $2.8m | New |
| ALPS ADVISORS INC 0.02% of their portfolio | 52.4k $2.7m | Added +21.6k |
| J. Safra Sarasin Holding AG 0.04% of their portfolio | 52.3k $2.6m | Reduced -3.0k |
| Trexquant Investment LP 0.02% of their portfolio | 50.1k $2.5m | Reduced -158.4k |
| Legal & General Group Plc 0.00% of their portfolio | 46.4k $2.4m | Reduced -4.8k |
| Birchview Capital, LP 1.30% of their portfolio | 44.0k $2.2m | New |
| Headlands Technologies LLC 0.18% of their portfolio | 42.8k $2.2m | Added +34.8k |
| Hennion & Walsh Asset Management, Inc. 0.07% of their portfolio | 42.4k $2.1m | Added +10.1k |
| E. Ohman J:or Asset Management AB 0.05% of their portfolio | 39.5k $2.0m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 38.0k $1.9m | Added +20.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 37.8k $1.9m | Reduced -2.8k |
| SECTORAL ASSET MANAGEMENT INC 1.50% of their portfolio | 36.9k $1.9m | Added +6.7k |
| KVP Capital Advisors, LP 1.71% of their portfolio | 32.7k $1.7m | First filing |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 32.4k $1.6m | Reduced -47.1k |
| Man Group plc 0.00% of their portfolio | 32.4k $1.6m | New |
| PROFUND ADVISORS LLC 0.05% of their portfolio | 32.0k $1.6m | Added +13.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 31.8k $1.6m | Reduced -648.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 30.8k $1.6m | Added +2.4k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.07% of their portfolio | 30.7k $1.6m | Reduced -4.3k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 30.5k $1.5m | Reduced -608 |