Vault-13

VERONA PHARMA PLC VRNA

SPONSORED ADS · ADR · CUSIP 925050106

294 institutional holders +33 vs Q1 2025
75,766,92575.8m shares reported held*
$7.2bnreported value*
65 new 83 added 109 reduced 31 sold out net bought ≈ $364.7m (+3.9m 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 ($31.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $94.51. Options: 15 managers hold calls ($102.0m notional), 15 hold puts ($327.7m).

Trends to Q2 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: 261Q2 25: 294294Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025294

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 46 bought or addedQ3 23: 46 cut or sold outQ4 23: 56 bought or addedQ4 23: 39 cut or sold outQ4 23Q1 24: 59 bought or addedQ1 24: 47 cut or sold outQ2 24: 69 bought or addedQ2 24: 46 cut or sold outQ2 24Q3 24: 83 bought or addedQ3 24: 67 cut or sold outQ4 24: 104 bought or addedQ4 24: 70 cut or sold outQ4 24Q1 25: 157 bought or addedQ1 25: 99 cut or sold outQ2 25: 148 bought or addedQ2 25: 140 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234646
Q4 20235639
Q1 20245947
Q2 20246946
Q3 20248367
Q4 202410470
Q1 202515799
Q2 2025148140

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ3 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 2.04Q2 25 calls: $102.0mQ2 25 puts: $327.7mQ2 25P/C 3.21
Numbers
QuarterCallsPutsP/C
Q3 2024$27.5m$27.6m1.00
Q4 2024$71.2m$16.7m0.24
Q1 2025$70.5m$144.0m2.04
Q2 2025$102.0m$327.7m3.21

Biggest buyers

GOLDMAN SACHS GROUP INC Added +1,575,889+1.6m
CITADEL ADVISORS LLC Added +1,052,924+1.1m
UBS Group AG Added +923,327+923.3k
Polar Capital Holdings Plc New +875,000+875.0k
D. E. Shaw & Co., Inc. Added +801,222+801.2k
FARALLON CAPITAL MANAGEMENT, L.L.C. Added +725,011+725.0k
JANUS HENDERSON GROUP PLC Added +617,516+617.5k
WESTFIELD CAPITAL MANAGEMENT CO LP New +539,813+539.8k
Artia Global Partners LP Added +385,716+385.7k
Castle Hook Partners LP New +372,795+372.8k

Biggest sellers

MORGAN STANLEY Reduced -1,441,797-1.4m
MAVERICK CAPITAL LTD Reduced -1,261,639-1.3m
PERCEPTIVE ADVISORS LLC Reduced -1,055,749-1.1m
ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -814,285-814.3k
WELLINGTON MANAGEMENT GROUP LLP Reduced -501,654-501.7k
NEA Management Company, LLC Reduced -425,427-425.4k
JENNISON ASSOCIATES LLC Reduced -421,994-422.0k
Holocene Advisors, LP Reduced -291,018-291.0k
LORD, ABBETT & CO. LLC Reduced -271,680-271.7k
Vestal Point Capital, LP Sold out -267,627-267.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $39.9m421.4k shares
JANE STREET GROUP, LLC Added $22.3m235.4k shares
GROUP ONE TRADING LLC Reduced $12.3m129.8k shares
CITADEL ADVISORS LLC Added $11.4m120.2k shares
SIMPLEX TRADING, LLC Added $4.9m52.3k shares
TUDOR INVESTMENT CORP ET AL Added $2.9m31.1k shares
WOLVERINE TRADING, LLC Added $2.7m29.2k shares
D. E. Shaw & Co., Inc. New $1.9m19.7k shares
MILLENNIUM MANAGEMENT LLC New $1.3m14.0k shares
Cubist Systematic Strategies, LLC Added $964.7k10.2k shares

Biggest puts

SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Added $132.4m1.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $91.6m968.8k shares
JANE STREET GROUP, LLC Added $22.2m235.2k shares
CITADEL ADVISORS LLC Reduced $20.0m211.1k shares
GROUP ONE TRADING LLC Added $18.8m198.6k shares
Caption Management, LLC New $10.4m110.0k shares
SIMPLEX TRADING, LLC Added $10.3m108.5k shares
Artia Global Partners LP New $8.7m91.8k shares
JPMORGAN CHASE & CO Added $3.8m40.4k shares
Walleye Trading LLC Added $3.6m38.5k 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.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: PERCEPTIVE ADVISORS LLC (0.0%, 2025-11-14), JANUS HENDERSON GROUP PLC (1.2%, 2025-11-14), Pentwater Capital Management LP (0.0%, 2025-11-14)

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANUS HENDERSON GROUP PLC 0.28% of their portfolio LONDON, X0 6,134,4056.1m $580.1m $580.1m 0.28% Added +617.5k +617,516
2 PERCEPTIVE ADVISORS LLC 19.55% of their portfolio NEW YORK, NY 5,507,5915.5m $520.9m $520.9m 19.55% Reduced -1.1m -1,055,749
3 Darwin Global Management, Ltd. 16.26% of their portfolio ST. HELIER, Y9 4,129,6184.1m $387.4m $387.4m 16.26% Added +206.4k +206,414
4 Frazier Life Sciences Management, L.P. 12.80% of their portfolio PALO ALTO, CA 3,383,9503.4m $320.1m $320.1m 12.80% Reduced -73.9k -73,900
5 RTW INVESTMENTS, LP 4.11% of their portfolio NEW YORK, NY 3,051,8783.1m $288.6m $288.6m 4.11% Added +203.1k +203,078
6 EVENTIDE ASSET MANAGEMENT, LLC 4.50% of their portfolio Boston, MA 2,715,3242.7m $256.8m $256.8m 4.50% Reduced -178.1k -178,113
7 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 2,617,2972.6m $247.5m $247.5m 0.04% Added +1.6m +1,575,889
8 NEA Management Company, LLC 16.11% of their portfolio TIMONIUM, MD 2,263,1382.3m $214.0m $214.0m 16.11% Reduced -425.4k -425,427
9 SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 7.91% of their portfolio Boston, MA 2,144,2862.1m $202.8m $202.8m 7.91% Reduced -178.8k -178,829
10 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.78% of their portfolio SAN FRANCISCO, CA 1,810,0001.8m $171.2m $171.2m 0.78% Added +725.0k +725,011
11 PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio BALTIMORE, MD 1,789,5131.8m $169.3m $169.3m 0.02% Reduced -76.8k -76,767
12 WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio Boston, MA 1,629,8481.6m $154.2m $154.2m 0.03% Reduced -501.7k -501,654
13 Hood River Capital Management LLC 2.06% of their portfolio PALM BEACH GARDENS, FL 1,562,4671.6m $147.8m $147.8m 2.06% Added +30.1k +30,119
14 Caligan Partners LP 26.38% of their portfolio NEW YORK, NY 1,436,8781.4m $135.9m $135.9m 26.38% Unchanged
15 D. E. Shaw & Co., Inc. 0.13% of their portfolio New York, NY 1,415,2191.4m $133.9m $133.9m 0.13% Added +801.2k +801,222
16 CITADEL ADVISORS LLC 0.11% of their portfolio MIAMI, FL 1,396,6441.4m $132.1m $132.1m 0.11% Added +1.1m +1,052,924
17 Vivo Capital, LLC 13.49% of their portfolio Palo Alto, CA 1,393,4321.4m $131.8m $131.8m 13.49% Reduced -45.4k -45,353
18 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,186,1811.2m $112.2m $112.2m 0.02% Added +923.3k +923,327
19 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 1,159,6621.2m $109.7m $109.7m 0.03% Added +146.0k +146,006
20 FEDERATED HERMES, INC. 0.20% of their portfolio PITTSBURGH, PA 1,146,0951.1m $108.4m $108.4m 0.20% Reduced -121.7k -121,666
21 Holocene Advisors, LP 0.25% of their portfolio New York, NY 1,075,6621.1m $101.7m $101.7m 0.25% Reduced -291.0k -291,018
22 Duquesne Family Office LLC 2.42% of their portfolio New York, NY 1,002,0801.0m $94.8m $94.8m 2.42% Unchanged
23 Artia Global Partners LP 22.48% of their portfolio MIAMI, FL 924,204924.2k $87.4m $87.4m 22.48% Added +385.7k +385,716
24 Polar Capital Holdings Plc 0.43% of their portfolio London, X0 875,000875.0k $82.8m $82.8m 0.43% New
25 JENNISON ASSOCIATES LLC 0.05% of their portfolio NEW YORK, NY 839,159839.2k $79.4m $79.4m 0.05% Reduced -422.0k -421,994
26 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.13% of their portfolio Boston, MA 816,715816.7k $77.2m $77.2m 0.13% Reduced -814.3k -814,285
27 Pictet Asset Management Holding SA 0.06% of their portfolio CAROUGE, V8 674,056674.1k $63.7m $63.7m 0.06% Reduced -29.0k -29,007
28 LORD, ABBETT & CO. LLC 0.20% of their portfolio JERSEY CITY, NJ 653,118653.1k $61.8m $61.8m 0.20% Reduced -271.7k -271,680
29 LOOMIS SAYLES & CO L P 0.07% of their portfolio BOSTON, MA 631,709631.7k $59.7m $59.7m 0.07% Reduced -164.6k -164,581
30 Aisling Capital Management LP 16.18% of their portfolio NEW YORK, NY 615,352615.4k $58.2m $58.2m 16.18% Unchanged
31 Affinity Asset Advisors, LLC 8.53% of their portfolio NEW YORK, NY 610,000610.0k $57.7m $57.7m 8.53% Reduced -5.0k -5,000
32 RICE HALL JAMES & ASSOCIATES, LLC 3.10% of their portfolio San Diego, CA 607,996608.0k $57.5m $57.5m 3.10% Reduced -215.0k -215,016
33 Balyasny Asset Management L.P. 0.13% of their portfolio Chicago, IL 593,649593.6k $56.1m $56.1m 0.13% Added +132.4k +132,420
34 WESTFIELD CAPITAL MANAGEMENT CO LP 0.21% of their portfolio BOSTON, MA 539,813539.8k $51.1m $51.1m 0.21% New
35 Allspring Global Investments Holdings, LLC 0.08% of their portfolio CHARLOTTE, NC 526,296526.3k $47.6m $47.6m 0.08% Reduced -40.0k -39,984
36 MAVERICK CAPITAL LTD 0.76% of their portfolio DALLAS, TX 521,859521.9k $49.4m $49.4m 0.76% Reduced -1.3m -1,261,639
37 TimesSquare Capital Management, LLC 0.67% of their portfolio NEW YORK, NY 493,603493.6k $46.7m $46.7m 0.67% Reduced -2.9k -2,948
38 BOOTHBAY FUND MANAGEMENT, LLC 1.40% of their portfolio NEW YORK, NY 482,909482.9k $45.7m $45.7m 1.40% Added +9.0k +8,980
39 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 453,276453.3k $42.9m $42.9m 0.00% Added +225.6k +225,649
40 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 377,168377.2k $35.7m $35.7m 0.03% Added +53.6k +53,623
41 Castle Hook Partners LP 0.52% of their portfolio NEW YORK, NY 372,795372.8k $35.3m $35.3m 0.52% New
42 GILDER GAGNON HOWE & CO LLC 0.37% of their portfolio New York, NY 365,258365.3k $34.5m $34.5m 0.37% Added +305.5k +305,547
43 SILVERARC CAPITAL MANAGEMENT, LLC 6.94% of their portfolio BOSTON, MA 358,297358.3k $33.9m $33.9m 6.94% Reduced -187.6k -187,575
44 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 356,607356.6k $33.7m $33.7m 0.00% Added +345.0k +345,012
45 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 350,542350.5k $33.2m $33.2m 0.06% Added +271.3k +271,331
46 Cormorant Asset Management, LP 2.47% of their portfolio BOSTON, MA 350,000350.0k $33.1m $33.1m 2.47% New
47 BlackRock, Inc. 0.00% of their portfolio New York, NY 343,696343.7k $32.5m $32.5m 0.00% Reduced -146.8k -146,836
48 Driehaus Capital Management LLC 0.26% of their portfolio Chicago, IL 338,360338.4k $32.0m $32.0m 0.26% New
49 Octagon Capital Advisors LP 7.00% of their portfolio NEW YORK, NY 337,000337.0k $31.9m $31.9m 7.00% Added +119.7k +119,736
50 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 319,721319.7k $30.2m $30.2m 0.04% New
51 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.11% of their portfolio JUPITER, FL 319,217319.2k $30.2m $30.2m 0.11% New
52 FMR LLC 0.00% of their portfolio BOSTON, MA 312,386312.4k $29.5m $29.5m 0.00% Added +107.4k +107,394
53 First Turn Management, LLC 5.47% of their portfolio DEL MAR, CA 309,988310.0k $29.3m $29.3m 5.47% Reduced -125.4k -125,397
54 Woodline Partners LP 0.15% of their portfolio San Francisco, CA 300,827300.8k $28.5m $28.5m 0.15% Unchanged
55 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 279,652279.7k $26.4m $26.4m 0.01% Reduced -29.2k -29,168
56 NWI MANAGEMENT LP 1.19% of their portfolio NEW YORK, NY 270,000270.0k $25.5m $25.5m 1.19% New
57 ODDO BHF ASSET MANAGEMENT SAS 0.88% of their portfolio PARIS, I0 245,358245.4k $23.2m $23.2m 0.88% Unchanged
58 Walleye Capital LLC 0.20% of their portfolio NEW YORK, NY 230,668230.7k $21.8m $21.8m 0.20% Added +230.4k +230,363
59 TD Asset Management Inc 0.02% of their portfolio Toronto, A6 225,582225.6k $21.3m $21.3m 0.02% Reduced -4.2k -4,160
60 BAKER BROS. ADVISORS LP 0.21% of their portfolio NEW YORK, NY 223,843223.8k $21.2m $21.2m 0.21% Unchanged
61 Tri Locum Partners LP 6.22% of their portfolio NEW YORK, NY 216,578216.6k $20.5m $20.5m 6.22% New
62 Candriam S.C.A. 0.12% of their portfolio STRASSEN, N4 216,400216.4k $20.5m $20.5m 0.12% Reduced -81.4k -81,355
63 Tyro Capital Management LLC 7.97% of their portfolio MIAMI, FL 214,719214.7k $20.3m $20.3m 7.97% New
64 Atika Capital Management LLC 2.10% of their portfolio NEW YORK, NY 212,500212.5k $20.1m $20.1m 2.10% Added +4.4k +4,366
65 EcoR1 Capital, LLC 1.12% of their portfolio San Francisco, CA 200,000200.0k $18.9m $18.9m 1.12% New
66 Nicholas Investment Partners, LP 1.67% of their portfolio RANCHO SANTA FE, CA 198,845198.8k $18.8m $18.8m 1.67% Added +14.1k +14,128
67 Hennion & Walsh Asset Management, Inc. 0.76% of their portfolio Parsippany, NJ 198,514198.5k $18.8m $18.8m 0.76% Reduced -959 -959
68 Parkman Healthcare Partners LLC 2.17% of their portfolio STAMFORD, CT 197,898197.9k $18.7m $18.7m 2.17% Reduced -62.5k -62,523
69 GW&K Investment Management, LLC 0.16% of their portfolio BOSTON, MA 193,782193.8k $18.3m $18.3m 0.16% Reduced -330 -330
70 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 182,330182.3k $17.2m $17.2m 0.00% Reduced -1.4m -1,441,797
71 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 179,200179.2k $16.9m $16.9m 0.02% Added +39.2k +39,200
72 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 176,152176.2k $16.7m $16.7m 0.01% Added +166.2k +166,224
73 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 169,730169.7k $16.1m $16.1m 0.03% Added +27.6k +27,637
74 NAN FUNG TRINITY (HK) LTD 1.89% of their portfolio CENTRAL, HONG KONG, K3 166,620166.6k $15.8m $15.8m 1.89% New
75 Ally Bridge Group (NY) LLC 13.29% of their portfolio NEW YORK, NY 160,701160.7k $15.2m $15.2m 13.29% Added +21.6k +21,634
76 Ensign Peak Advisors, Inc 0.02% of their portfolio SALT LAKE CITY, UT 153,620153.6k $14.5m $14.5m 0.02% New
77 CASTLEARK MANAGEMENT LLC 0.43% of their portfolio CHICAGO, IL 153,020153.0k $14.5m $14.5m 0.43% Reduced -33.1k -33,150
78 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 147,400147.4k $13.9m $13.9m 0.02% Added +48.4k +48,400
79 Ikarian Capital, LLC 4.59% of their portfolio DALLAS, TX 146,831146.8k $13.9m $13.9m 4.59% Added +16.8k +16,831
80 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 141,103141.1k $13.3m $13.3m 0.02% Added +53.7k +53,701
81 Clearbridge Investments, LLC 0.01% of their portfolio NEW YORK, NY 135,799135.8k $12.8m $12.8m 0.01% Reduced -119.4k -119,385
82 AXA S.A. 0.03% of their portfolio PARIS, I0 126,595126.6k $12.0m $12.0m 0.03% Reduced -48.8k -48,800
83 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 121,591121.6k $11.5m $11.5m 0.00% Added +24.2k +24,227
84 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 118,578118.6k $11.2m $11.2m 0.03% Added +24.3k +24,256
85 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 114,777114.8k $10.9m $10.9m 0.00% Reduced -15.6k -15,642
86 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 112,011112.0k $10.6m $10.6m 0.01% Reduced -12.7k -12,710
87 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 111,699111.7k $10.6m $10.6m 0.01% Added +1.9k +1,866
88 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 110,611110.6k $10.5m $10.5m 0.00% Added +1.1k +1,110
89 KENNEDY CAPITAL MANAGEMENT LLC 0.25% of their portfolio ST LOUIS, MO 109,050109.0k $10.3m $10.3m 0.25% Reduced -27.5k -27,498
90 Rhenman & Partners Asset Management AB 1.27% of their portfolio Stockholm, V7 106,500106.5k $10.1m $10.1m 1.27% Added +36.5k +36,500
91 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 102,977103.0k $9.7m $9.7m 0.00% Reduced -5.9k -5,858
92 Rosalind Advisors, Inc. 4.58% of their portfolio TORONTO, A6 100,000100.0k $9.5m $9.5m 4.58% Unchanged
93 Aquatic Capital Management LLC 0.19% of their portfolio CHICAGO, IL 98,74298.7k $9.3m $9.3m 0.19% Added +35.7k +35,723
94 1492 Capital Management LLC 4.27% of their portfolio MILWAUKEE, WI 98,05798.1k $9.3m $9.3m 4.27% Reduced -1.3k -1,270
95 Cubist Systematic Strategies, LLC 0.10% of their portfolio STAMFORD, CT 97,64797.6k $9.2m $9.2m 0.10% Reduced -61.4k -61,443
96 Velan Capital Investment Management LP 8.99% of their portfolio ALPHARETTA, GA 95,00095.0k $9.0m $9.0m 8.99% Unchanged
97 Artisan Partners Limited Partnership 0.01% of their portfolio Milwaukee, WI 86,10186.1k $8.1m $8.1m 0.01% Added +4.6k +4,622
98 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 85,14185.1k $8.1m $8.1m 0.00% Added +76.5k +76,472
99 PFM Health Sciences, LP 0.66% of their portfolio SAN FRANCISCO, CA 80,41680.4k $7.6m $7.6m 0.66% New
100 Legal & General Group Plc 0.00% of their portfolio London, X0 80,28080.3k $7.6m $7.6m 0.00% Reduced -61.5k -61,465