VERRICA PHARMACEUTICALS INC
COM · CUSIP 92511W108
55
institutional holders
-21 vs Q1 2025
24.7m
shares reported held*
$13.3mreported value*
12 new
12 added
20 reduced
33 sold out
net sold ≈ $2.5m (-4.8m 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. Holder counts are more reliable. Implied quarter-end price ≈ $0.54. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 50 |
| Q4 2022 | 51 |
| Q1 2023 | 61 |
| Q2 2023 | 64 |
| Q3 2023 | 68 |
| Q4 2023 | 65 |
| Q1 2024 | 63 |
| Q2 2024 | 75 |
| Q3 2024 | 80 |
| Q4 2024 | 82 |
| Q1 2025 | 76 |
| Q2 2025 | 55 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 29 | 27 |
| Q4 2023 | 32 | 26 |
| Q1 2024 | 19 | 30 |
| Q2 2024 | 37 | 26 |
| Q3 2024 | 41 | 29 |
| Q4 2024 | 38 | 35 |
| Q1 2025 | 38 | 25 |
| Q2 2025 | 24 | 53 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $102.7k | $9.4k | 0.09 |
| Q4 2024 | $1.6k | $3.6k | 2.22 |
| Q1 2025 | $0 | $0 | — |
| Q2 2025 | $0 | $0 | — |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +511.4k |
| Sovran Advisors, LLC | Added | +358.2k |
| ARMISTICE CAPITAL, LLC | Added | +313.9k |
| Caligan Partners LP | Added | +246.2k |
| Y-Intercept (Hong Kong) Ltd | New | +187.0k |
| Mariner, LLC | Added | +100.1k |
| RENAISSANCE TECHNOLOGIES LLC | New | +87.2k |
| CITADEL ADVISORS LLC | New | +68.7k |
| Qube Research & Technologies Ltd | New | +53.0k |
| JANE STREET GROUP, LLC | New | +38.3k |
Biggest sellers
| BOOTHBAY FUND MANAGEMENT, LLC | Sold out | -2.8m |
| BlackRock, Inc. | Reduced | -1.2m |
| UBS Group AG | Reduced | -717.4k |
| STATE STREET CORP | Reduced | -475.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -372.3k |
| NORTHERN TRUST CORP | Reduced | -227.3k |
| VANGUARD GROUP INC | Reduced | -193.0k |
| NorthCoast Asset Management LLC | Sold out | -101.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Sold out | -99.5k |
| Invesco Ltd. | Sold out | -74.4k |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| 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 |
|---|---|
| ARMISTICE CAPITAL, LLC 13G · institution no change · filed 2025-08-14 | 10.0% |
| Caligan Partners LP 13G · institution new · filed 2025-02-12 | 10.0% |
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Caligan Partners LP 0.95% of their portfolio | 9.2m $4.9m | Added +246.2k |
| ARMISTICE CAPITAL, LLC 0.18% of their portfolio | 8.9m $4.7m | Added +313.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.2m $1.1m | Reduced -193.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 907.1k $480.8k | Added +511.4k |
| Sovran Advisors, LLC 0.07% of their portfolio | 750.4k $646.1k | Added +358.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 646.2k $342.6k | Reduced -372.3k |
| Mariner, LLC 0.00% of their portfolio | 265.3k $140.6k | Added +100.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 207.4k $109.9k | Reduced -227.3k |
| Y-Intercept (Hong Kong) Ltd 0.00% of their portfolio | 187.0k $99.1k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 175.3k $92.9k | Added +36.2k |
| BML Capital Management, LLC 0.07% of their portfolio | 174.7k $92.6k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 91.8k $48.7k | Reduced -475.2k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 87.3k $46.3k | Reduced -1.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 87.2k $46.2k | New |
| SteelPeak Wealth, LLC 0.00% of their portfolio | 76.0k $40.3k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 72.7k $38.5k | Reduced -717.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 68.7k $36.4k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 66.6k $35.3k | Added +12.5k |
| Composition Wealth, LLC 0.00% of their portfolio | 59.8k $31.7k | Reduced -24.2k |
| BlackRock, Inc. 0.00% of their portfolio | 56.5k $29.9k | Reduced -1.2m |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 53.0k $28.1k | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 50.3k $26.6k | Reduced -8.4k |
| FMR LLC 0.00% of their portfolio | 39.1k $20.7k | Added +23.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 38.3k $20.3k | New |
| SPC Financial, Inc. 0.00% of their portfolio | 30.0k $15.9k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 26.9k $14.3k | Added +11.6k |
| MORGAN STANLEY 0.00% of their portfolio | 26.3k $13.9k | Reduced -43.2k |
| Capital Analysts, LLC 0.00% of their portfolio | 21.3k $11.0k | Added +5.0k |
| Dynamic Technology Lab Private Ltd 0.00% of their portfolio | 20.3k $11.0k | New |
| Creative Planning 0.00% of their portfolio | 19.1k $10.1k | Added +65 |
| Point72 Asia (Singapore) Pte. Ltd. 0.00% of their portfolio | 13.7k $7.3k | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 11.6k $8.2k | Reduced -307 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 11.5k $6.0k | Unchanged |
| XTX Topco Ltd 0.00% of their portfolio | 11.1k $5.9k | Reduced -46.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 10.1k $6.0k | Added +3.7k |
| Key Financial Inc 0.00% of their portfolio | 9.4k $5.0k | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 8.4k $4.5k | New |
| Legacy Trust 0.00% of their portfolio | 6.5k $3.4k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 4.9k $2.6k | Reduced -14.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 4.1k $2.2k | Reduced -21.2k |
| CWM, LLC 0.00% of their portfolio | 3.6k $2.0k | Reduced -382 |
| CITIGROUP INC 0.00% of their portfolio | 3.4k $1.8k | Reduced -25.7k |
| Salomon & Ludwin, LLC 0.00% of their portfolio | 2.9k $1.9k | Unchanged |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 2.0k $1.0k | New |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 1.4k $759 | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 1.4k $731 | Reduced -1.4k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 1.0k $547 | Reduced -3.3k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 568 $301 | Unchanged |
| Covestor Ltd 0.00% of their portfolio | 545 $0 | Unchanged |
| Ameritas Advisory Services, LLC 0.00% of their portfolio | 300 $159 | New |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 73 $38 | Unchanged |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 24 $13 | Reduced -7 |
| BARCLAYS PLC 0.00% of their portfolio | 16 $8 | Reduced -44.4k |
| IFP Advisors, Inc 0.00% of their portfolio | 6 $3 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |