Vault-13

VERONA PHARMA PLC VRNA

SPONSORED ADS · ADR · CUSIP 925050106

261 institutional holders +69 vs Q4 2024
72,005,61172.0m shares reported held*
$4.6bnreported value*
85 new 72 added 84 reduced 15 sold out net bought ≈ $225.3m (+3.5m 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 ($17.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $63.35. Options: 13 managers hold calls ($70.5m notional), 17 hold puts ($144.0m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 69Q4 22: 89Q1 23: 96Q2 23: 106Q3 23: 103Q4 23: 118Q1 24: 114Q2 24: 126Q3 24: 151Q4 24: 192Q1 25: 261261Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202269
Q4 202289
Q1 202396
Q2 2023106
Q3 2023103
Q4 2023118
Q1 2024114
Q2 2024126
Q3 2024151
Q4 2024192
Q1 2025261

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 49 bought or addedQ2 23: 44 cut or sold outQ3 23: 46 bought or addedQ3 23: 46 cut or sold outQ3 23Q4 23: 56 bought or addedQ4 23: 39 cut or sold outQ1 24: 59 bought or addedQ1 24: 47 cut or sold outQ1 24Q2 24: 69 bought or addedQ2 24: 46 cut or sold outQ3 24: 83 bought or addedQ3 24: 67 cut or sold outQ3 24Q4 24: 104 bought or addedQ4 24: 70 cut or sold outQ1 25: 157 bought or addedQ1 25: 99 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20234944
Q3 20234646
Q4 20235639
Q1 20245947
Q2 20246946
Q3 20248367
Q4 202410470
Q1 202515799

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ2 24 calls: $11.9mQ2 24 puts: $10.5mQ2 24P/C 0.88Q3 24 calls: $27.5mQ3 24 puts: $27.6mQ3 24P/C 1.00Q4 24 calls: $71.2mQ4 24 puts: $16.7mQ4 24P/C 0.24Q1 25 calls: $70.5mQ1 25 puts: $144.0mQ1 25P/C 2.04
Numbers
QuarterCallsPutsP/C
Q2 2024$11.9m$10.5m0.88
Q3 2024$27.5m$27.6m1.00
Q4 2024$71.2m$16.7m0.24
Q1 2025$70.5m$144.0m2.04

Biggest buyers

JANUS HENDERSON GROUP PLC Added +3,849,724+3.8m
Darwin Global Management, Ltd. Added +3,112,755+3.1m
Holocene Advisors, LP New +1,366,680+1.4m
ADAGE CAPITAL PARTNERS GP, L.L.C. Added +1,292,575+1.3m
FARALLON CAPITAL MANAGEMENT, L.L.C. New +1,084,989+1.1m
RTW INVESTMENTS, LP Added +1,027,781+1.0m
LORD, ABBETT & CO. LLC New +924,798+924.8k
GOLDMAN SACHS GROUP INC Added +763,353+763.4k
Pictet Asset Management Holding SA New +703,063+703.1k
D. E. Shaw & Co., Inc. New +613,997+614.0k

Biggest sellers

NEA Management Company, LLC Reduced -2,896,188-2.9m
RA CAPITAL MANAGEMENT, L.P. Sold out -1,766,830-1.8m
MAVERICK CAPITAL LTD Reduced -1,345,018-1.3m
CITADEL ADVISORS LLC Reduced -1,008,993-1.0m
WELLINGTON MANAGEMENT GROUP LLP Reduced -893,739-893.7k
Deep Track Capital, LP Sold out -850,000-850.0k
Vivo Capital, LLC Reduced -845,190-845.2k
JENNISON ASSOCIATES LLC Reduced -628,389-628.4k
Point72 Asset Management, L.P. Reduced -616,685-616.7k
FEDERATED HERMES, INC. Reduced -557,532-557.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $30.2m476.2k shares
GROUP ONE TRADING LLC Added $13.9m219.7k shares
JANE STREET GROUP, LLC Added $9.4m147.8k shares
CITADEL ADVISORS LLC Added $5.9m93.2k shares
Caption Management, LLC Reduced $4.7m73.9k shares
SIMPLEX TRADING, LLC Added $2.5m39.7k shares
WOLVERINE TRADING, LLC Added $1.4m22.7k shares
TUDOR INVESTMENT CORP ET AL Added $1.1m17.9k shares
Cubist Systematic Strategies, LLC New $507.9k8.0k shares
Walleye Trading LLC Added $254.0k4.0k shares

Biggest puts

SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC New $57.1m900.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $30.9m486.1k shares
CITADEL ADVISORS LLC Added $15.1m238.5k shares
GROUP ONE TRADING LLC Added $11.6m182.1k shares
Balyasny Asset Management L.P. New $7.9m125.0k shares
JANE STREET GROUP, LLC Added $6.3m99.4k shares
SIMPLEX TRADING, LLC Added $5.2m82.0k shares
J. Goldman & Co LP New $2.6m40.6k shares
WOLVERINE TRADING, LLC Added $2.3m37.2k shares
JPMORGAN CHASE & CO New $1.7m27.2k 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PERCEPTIVE ADVISORS LLC 14.78% of their portfolio NEW YORK, NY 6,563,3406.6m $416.7m $416.7m 14.78% Added +171.2k +171,234
2 JANUS HENDERSON GROUP PLC 0.19% of their portfolio LONDON, X0 5,516,8895.5m $345.8m $345.8m 0.19% Added +3.8m +3,849,724
3 Darwin Global Management, Ltd. 16.81% of their portfolio ST. HELIER, Y9 3,923,2043.9m $246.0m $246.0m 16.81% Added +3.1m +3,112,755
4 Frazier Life Sciences Management, L.P. 10.03% of their portfolio PALO ALTO, CA 3,457,8503.5m $219.5m $219.5m 10.03% Added +73.9k +73,900
5 EVENTIDE ASSET MANAGEMENT, LLC 3.66% of their portfolio Boston, MA 2,893,4372.9m $183.7m $183.7m 3.66% Reduced -238.7k -238,690
6 RTW INVESTMENTS, LP 2.77% of their portfolio NEW YORK, NY 2,848,8002.8m $180.9m $180.9m 2.77% Added +1.0m +1,027,781
7 NEA Management Company, LLC 13.15% of their portfolio TIMONIUM, MD 2,688,5652.7m $170.7m $170.7m 13.15% Reduced -2.9m -2,896,188
8 SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 7.07% of their portfolio Boston, MA 2,323,1152.3m $147.5m $147.5m 7.07% Added +421.1k +421,089
9 WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio Boston, MA 2,131,5022.1m $135.3m $135.3m 0.03% Reduced -893.7k -893,739
10 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 1,866,2801.9m $118.5m $118.5m 0.01% Added +32.7k +32,748
11 MAVERICK CAPITAL LTD 2.04% of their portfolio DALLAS, TX 1,783,4981.8m $113.2m $113.2m 2.04% Reduced -1.3m -1,345,018
12 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.19% of their portfolio Boston, MA 1,631,0001.6m $103.6m $103.6m 0.19% Added +1.3m +1,292,575
13 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,624,1271.6m $103.1m $103.1m 0.01% Added +140.4k +140,374
14 Hood River Capital Management LLC 1.66% of their portfolio PALM BEACH GARDENS, FL 1,532,3481.5m $97.3m $97.3m 1.66% Added +47.1k +47,092
15 Vivo Capital, LLC 12.10% of their portfolio Palo Alto, CA 1,438,7851.4m $91.3m $91.3m 12.10% Reduced -845.2k -845,190
16 Caligan Partners LP 19.04% of their portfolio NEW YORK, NY 1,436,8781.4m $91.2m $91.2m 19.04% Unchanged
17 Holocene Advisors, LP 0.26% of their portfolio New York, NY 1,366,6801.4m $86.8m $86.8m 0.26% New
18 FEDERATED HERMES, INC. 0.17% of their portfolio PITTSBURGH, PA 1,267,7611.3m $80.5m $80.5m 0.17% Reduced -557.5k -557,532
19 JENNISON ASSOCIATES LLC 0.06% of their portfolio NEW YORK, NY 1,261,1531.3m $80.1m $80.1m 0.06% Reduced -628.4k -628,389
20 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.37% of their portfolio SAN FRANCISCO, CA 1,084,9891.1m $68.9m $68.9m 0.37% New
21 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,041,4081.0m $66.1m $66.1m 0.01% Added +763.4k +763,353
22 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 1,013,6561.0m $64.4m $64.4m 0.02% Added +222.6k +222,552
23 Duquesne Family Office LLC 2.13% of their portfolio New York, NY 1,002,0801.0m $63.6m $63.6m 2.13% Added +114.5k +114,500
24 LORD, ABBETT & CO. LLC 0.21% of their portfolio JERSEY CITY, NJ 924,798924.8k $58.7m $58.7m 0.21% New
25 RICE HALL JAMES & ASSOCIATES, LLC 3.07% of their portfolio San Diego, CA 823,012823.0k $52.3m $52.3m 3.07% Reduced -131.6k -131,604
26 LOOMIS SAYLES & CO L P 0.07% of their portfolio BOSTON, MA 796,290796.3k $50.6m $50.6m 0.07% Reduced -283.3k -283,265
27 Pictet Asset Management Holding SA 0.05% of their portfolio CAROUGE, V8 703,063703.1k $44.6m $44.6m 0.05% New
28 Aisling Capital Management LP 13.54% of their portfolio NEW YORK, NY 615,352615.4k $39.1m $39.1m 13.54% Reduced -500.0k -500,000
29 Affinity Asset Advisors, LLC 6.11% of their portfolio NEW YORK, NY 615,000615.0k $39.0m $39.0m 6.11% Reduced -45.0k -45,000
30 D. E. Shaw & Co., Inc. 0.05% of their portfolio New York, NY 613,997614.0k $39.0m $39.0m 0.05% New
31 Allspring Global Investments Holdings, LLC 0.06% of their portfolio CHARLOTTE, NC 566,280566.3k $33.2m $33.2m 0.06% New
32 SILVERARC CAPITAL MANAGEMENT, LLC 7.24% of their portfolio BOSTON, MA 545,872545.9k $34.7m $34.7m 7.24% Added +29.9k +29,858
33 Artia Global Partners LP 10.03% of their portfolio MIAMI, FL 538,488538.5k $34.2m $34.2m 10.03% Added +283.2k +283,170
34 TimesSquare Capital Management, LLC 0.51% of their portfolio NEW YORK, NY 496,551496.6k $31.5m $31.5m 0.51% New
35 BlackRock, Inc. 0.00% of their portfolio New York, NY 490,532490.5k $31.1m $31.1m 0.00% Added +100.3k +100,296
36 BOOTHBAY FUND MANAGEMENT, LLC 1.04% of their portfolio NEW YORK, NY 473,929473.9k $30.1m $30.1m 1.04% Added +41.8k +41,759
37 Balyasny Asset Management L.P. 0.07% of their portfolio Chicago, IL 461,229461.2k $29.3m $29.3m 0.07% Added +277.3k +277,332
38 First Turn Management, LLC 5.57% of their portfolio DEL MAR, CA 435,385435.4k $27.6m $27.6m 5.57% Reduced -206.5k -206,516
39 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 343,720343.7k $21.8m $21.8m 0.02% Reduced -1.0m -1,008,993
40 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 323,545323.5k $20.5m $20.5m 0.02% Added +152.1k +152,097
41 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 308,820308.8k $19.6m $19.6m 0.01% Reduced -311.0k -310,985
42 Woodline Partners LP 0.12% of their portfolio San Francisco, CA 300,827300.8k $19.1m $19.1m 0.12% Reduced -215.8k -215,778
43 Candriam S.C.A. 0.12% of their portfolio STRASSEN, N4 297,755297.8k $18.9m $18.9m 0.12% Reduced -142.6k -142,558
44 Vestal Point Capital, LP 1.21% of their portfolio NEW YORK, NY 267,627267.6k $17.0m $17.0m 1.21% Reduced -227.4k -227,373
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 262,854262.9k $16.7m $16.7m 0.00% Reduced -110.6k -110,551
46 Parkman Healthcare Partners LLC 1.96% of their portfolio STAMFORD, CT 260,421260.4k $16.5m $16.5m 1.96% Reduced -460.2k -460,236
47 Clearbridge Investments, LLC 0.01% of their portfolio NEW YORK, NY 255,184255.2k $16.2m $16.2m 0.01% Reduced -57.0k -56,989
48 ODDO BHF ASSET MANAGEMENT SAS 0.64% of their portfolio PARIS, I0 245,358245.4k $15.6m $15.6m 0.64% Not comparable
49 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 229,742229.7k $14.6m $14.6m 0.01% Reduced -9.5k -9,520
50 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 227,627227.6k $14.5m $14.5m 0.00% Added +156.0k +155,976
51 BAKER BROS. ADVISORS LP 0.16% of their portfolio NEW YORK, NY 223,843223.8k $14.2m $14.2m 0.16% New
52 Octagon Capital Advisors LP 2.71% of their portfolio NEW YORK, NY 217,264217.3k $13.8m $13.8m 2.71% Reduced -354.0k -354,000
53 Atika Capital Management LLC 2.03% of their portfolio NEW YORK, NY 208,134208.1k $13.2m $13.2m 2.03% Reduced -3.9k -3,866
54 FMR LLC 0.00% of their portfolio BOSTON, MA 204,992205.0k $13.0m $13.0m 0.00% Reduced -91.0k -90,996
55 Hennion & Walsh Asset Management, Inc. 0.56% of their portfolio Parsippany, NJ 199,473199.5k $12.7m $12.7m 0.56% Added +5.8k +5,766
56 GW&K Investment Management, LLC 0.11% of their portfolio BOSTON, MA 194,112194.1k $12.3m $12.3m 0.11% Reduced -38.2k -38,240
57 CASTLEARK MANAGEMENT LLC 0.41% of their portfolio CHICAGO, IL 186,170186.2k $11.8m $11.8m 0.41% Added +310 +310
58 Nicholas Investment Partners, LP 1.21% of their portfolio RANCHO SANTA FE, CA 184,717184.7k $11.7m $11.7m 1.21% Added +29.9k +29,903
59 AXA S.A. 0.04% of their portfolio PARIS, I0 175,395175.4k $11.1m $11.1m 0.04% Reduced -28.5k -28,488
60 Cutter Capital Management, LP 4.42% of their portfolio NEW YORK, NY 160,000160.0k $10.2m $10.2m 4.42% New
61 Cubist Systematic Strategies, LLC 0.13% of their portfolio STAMFORD, CT 159,090159.1k $10.1m $10.1m 0.13% New
62 Nan Fung Group Holdings Ltd 7.66% of their portfolio KAI TAK, K3 147,990148.0k $9.4m $9.4m 7.66% Added +14.9k +14,950
63 Watchtower Advisors, LP 6.70% of their portfolio OLD GREENWICH, CT 145,338145.3k $9.2m $9.2m 6.70% Reduced -91.4k -91,435
64 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 142,093142.1k $9.0m $9.0m 0.02% Reduced -53.3k -53,291
65 Legal & General Group Plc 0.00% of their portfolio London, X0 141,745141.7k $9.0m $9.0m 0.00% Reduced -1.5k -1,471
66 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 140,000140.0k $8.9m $8.9m 0.01% Reduced -68.1k -68,100
67 Ally Bridge Group (NY) LLC 8.58% of their portfolio NEW YORK, NY 139,067139.1k $8.8m $8.8m 8.58% New
68 KENNEDY CAPITAL MANAGEMENT LLC 0.21% of their portfolio ST LOUIS, MO 136,548136.5k $8.7m $8.7m 0.21% Reduced -209.6k -209,555
69 Global IMC LLC 2.35% of their portfolio SOLANA BEACH, CA 136,027136.0k $8.6m $8.6m 2.35% Added +42 +42
70 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 130,419130.4k $8.3m $8.3m 0.00% Added +13.3k +13,319
71 Ikarian Capital, LLC 2.69% of their portfolio DALLAS, TX 130,000130.0k $8.3m $8.3m 2.69% Added +50.0k +50,000
72 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 124,721124.7k $7.9m $7.9m 0.01% Reduced -2.0k -2,009
73 Polar Asset Management Partners Inc. 0.25% of their portfolio TORONTO, A6 118,827118.8k $7.5m $7.5m 0.25% New
74 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 115,010115.0k $7.3m $7.3m 0.00% Added +55.4k +55,350
75 Integral Health Asset Management, LLC 0.81% of their portfolio New York, NY 115,000115.0k $7.3m $7.3m 0.81% New
76 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 109,833109.8k $7.0m $7.0m 0.01% Added +37.1k +37,056
77 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 109,501109.5k $7.0m $7.0m 0.00% Added +104.2k +104,188
78 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 108,835108.8k $6.9m $6.9m 0.00% New
79 Rosalind Advisors, Inc. 3.09% of their portfolio TORONTO, A6 100,000100.0k $6.3m $6.3m 3.09% Reduced -50.0k -50,000
80 1492 Capital Management LLC 3.40% of their portfolio MILWAUKEE, WI 99,32799.3k $6.3m $6.3m 3.40% Reduced -675 -675
81 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 99,00099.0k $6.3m $6.3m 0.01% Added +83.5k +83,500
82 PATHWAY CAPITAL MANAGEMENT, LP 35.99% of their portfolio Irvine, CA 98,32998.3k $6.2m $6.2m 35.99% New
83 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 97,36497.4k $6.2m $6.2m 0.00% New
84 SUPERSTRING CAPITAL MANAGEMENT LP 7.33% of their portfolio NEW YORK, NY 96,82196.8k $6.1m $6.1m 7.33% New
85 Moody Aldrich Partners LLC 1.28% of their portfolio MARBLEHEAD, MA 96,60396.6k $6.1m $6.1m 1.28% Added +1.7k +1,661
86 Velan Capital Investment Management LP 6.20% of their portfolio ALPHARETTA, GA 95,00095.0k $6.0m $6.0m 6.20% Added +45.0k +45,000
87 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 94,32294.3k $6.0m $6.0m 0.02% Reduced -616.7k -616,685
88 TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio STAMFORD, CT 88,32488.3k $5.6m $5.6m 0.05% New
89 Knott David M Jr 2.64% of their portfolio SYOSSET, NY 88,00088.0k $5.6m $5.6m 2.64% Reduced -71.3k -71,300
90 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 87,40287.4k $5.5m $5.5m 0.01% New
91 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 82,52582.5k $5.2m $5.2m 0.00% Reduced -70.8k -70,819
92 Artisan Partners Limited Partnership 0.01% of their portfolio Milwaukee, WI 81,47981.5k $5.2m $5.2m 0.01% New
93 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 79,21179.2k $5.0m $5.0m 0.01% Reduced -72.9k -72,893
94 Dorsey Wright & Associates 1.14% of their portfolio PASADENA, CA 70,67170.7k $4.5m $4.5m 1.14% Reduced -8.0k -7,975
95 Rhenman & Partners Asset Management AB 0.51% of their portfolio Stockholm, V7 70,00070.0k $4.4m $4.4m 0.51% New
96 ARMISTICE CAPITAL, LLC 0.12% of their portfolio NEW YORK, NY 68,20168.2k $4.3m $4.3m 0.12% New
97 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 66,89166.9k $4.2m $4.2m 0.00% Reduced -235 -235
98 Cinctive Capital Management LP 0.33% of their portfolio New York, NY 65,37565.4k $4.2m $4.2m 0.33% New
99 Trexquant Investment LP 0.05% of their portfolio STAMFORD, CT 63,50863.5k $4.0m $4.0m 0.05% Added +32.3k +32,346
100 State of Tennessee, Department of Treasury 0.02% of their portfolio NASHVILLE, TN 63,50063.5k $4.0m $4.0m 0.02% New