BIOHAVEN LTD BHVN
COM · Common Stock · CUSIP G1110E107 · ISIN VGG1110E1079
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersNew Haven, CT
- 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 ($3.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.88. Options: 13 managers hold calls ($36.8m notional), 6 hold puts ($10.1m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 53 |
| Q4 2022 | 176 |
| Q1 2023 | 179 |
| Q2 2023 | 190 |
| Q3 2023 | 189 |
| Q4 2023 | 220 |
| Q1 2024 | 245 |
| Q2 2024 | 227 |
| Q3 2024 | 256 |
| Q4 2024 | 258 |
| Q1 2025 | 267 |
| Q2 2025 | 250 |
| Q3 2025 | 264 |
| Q4 2025 | 273 |
| Q1 2026 | 277 |
| Q2 2026 | 294 |
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 | 125 | 103 |
| Q4 2024 | 135 | 104 |
| Q1 2025 | 138 | 110 |
| Q2 2025 | 131 | 122 |
| Q3 2025 | 137 | 103 |
| Q4 2025 | 178 | 111 |
| Q1 2026 | 155 | 98 |
| Q2 2026 | 158 | 118 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $84.9m | $52.1m | 0.61 |
| Q4 2025 | $66.5m | $35.3m | 0.53 |
| Q1 2026 | $20.3m | $5.6m | 0.27 |
| Q2 2026 | $36.8m | $10.1m | 0.27 |
Biggest buyers
| Woodline Partners LP | Added | +7.4m |
| AQR CAPITAL MANAGEMENT LLC | Added | +2.2m |
| BlackRock, Inc. | Added | +2.0m |
| Rubric Capital Management LP | New | +1.7m |
| D. E. Shaw & Co., Inc. | Added | +1.3m |
| UBS Group AG | Added | +1.1m |
| Nuveen, LLC | Added | +998.6k |
| Cormorant Asset Management, LP | Added | +850.0k |
| BANK OF AMERICA CORP /DE/ | Added | +718.4k |
| FMR LLC | Added | +605.6k |
Biggest sellers
| TCG Crossover Management, LLC | Reduced | -2.9m |
| STEMPOINT CAPITAL LP | Reduced | -2.1m |
| ExodusPoint Capital Management, LP | Sold out | -1.5m |
| Sio Capital Management, LLC | Sold out | -1.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -760.3k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -742.9k |
| DAFNA Capital Management LLC | Reduced | -708.1k |
| Kynam Capital Management, LP | Sold out | -702.9k |
| Qube Research & Technologies Ltd | Reduced | -634.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.8m657.3k shares |
| Caption Management, LLC | Added | $7.1m475.0k shares |
| DIADEMA PARTNERS LP | Unchanged | $4.7m317.0k shares |
| CITADEL ADVISORS LLC | Added | $4.5m304.1k shares |
| IMC-Chicago, LLC | Added | $2.8m186.2k shares |
| GROUP ONE TRADING LLC | Reduced | $2.2m149.6k shares |
| DCF Advisers, LLC | Unchanged | $2.0m134.5k shares |
| JANE STREET GROUP, LLC | Reduced | $1.3m85.4k shares |
| MYDA Advisors LLC | New | $595.2k40.0k shares |
| STEMPOINT CAPITAL LP | New | $525.0k500.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.2m349.1k shares |
| CITADEL ADVISORS LLC | Added | $1.8m119.6k shares |
| IMC-Chicago, LLC | Added | $1.2m78.6k shares |
| GROUP ONE TRADING LLC | Added | $885.4k59.5k shares |
| JANE STREET GROUP, LLC | Added | $775.2k52.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $266.4k17.9k 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 |
|---|---|
| SUVRETTA CAPITAL MANAGEMENT, LLC 13G · passive investor filed 2026-02-13 | 7.8% |
| Janus Henderson Group Ltd. 13G · institution -6.0 pts · filed 2026-07-08 | 5.7% |
| Woodline Partners LP 13G · institution new · filed 2026-08-14 | 5.1% |
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 | 2 | $2.0m | 0 | — | — |
| Q1 2025 | 1 | $864.2k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 4 | $33.1m | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 13.2m $196.6m | Added +2.0m |
| MONTANOVA CAPITAL, LLC 3.22% of their portfolio | 10.3m $153.1m | Unchanged |
| STIFEL FINANCIAL CORP 0.12% of their portfolio | 9.9m $147.9m | Added +280 |
| Jupiter Topco LLC 0.05% of their portfolio | 8.6m $127.9m | First filing |
| Woodline Partners LP 0.35% of their portfolio | 7.7m $114.0m | Added +7.4m |
| STATE STREET CORP 0.00% of their portfolio | 6.9m $103.4m | Added +328.2k |
| INFINITUM ASSET MANAGEMENT, LLC 9.46% of their portfolio | 6.2m $93.0m | Unchanged |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 4.2m $62.4m | Added +1.3m |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 4.2m $61.8m | Added +2.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.3m $49.5m | Added +555.4k |
| FMR LLC 0.00% of their portfolio | 3.0m $44.1m | Added +605.6k |
| Royalty Pharma Sub-Manager, LLC 18.06% of their portfolio | 2.9m $43.7m | Unchanged |
| Cormorant Asset Management, LP 1.99% of their portfolio | 2.6m $38.8m | Added +850.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.6m $38.4m | Added +69.9k |
| UBS Group AG 0.01% of their portfolio | 2.5m $37.5m | Added +1.1m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 2.5m $37.0m | Added +209.7k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 1.9m $28.0m | Reduced -565.7k |
| TCG Crossover Management, LLC 0.64% of their portfolio | 1.8m $26.5m | Reduced -2.9m |
| Nuveen, LLC 0.01% of their portfolio | 1.7m $26.0m | Added +998.6k |
| Rubric Capital Management LP 0.23% of their portfolio | 1.7m $25.6m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.6m $24.1m | Reduced -103.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.5m $22.2m | Added +218.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.5m $22.0m | Added +718.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 1.5m $21.7m | Reduced -760.3k |
| ARS Investment Partners, LLC 0.89% of their portfolio | 1.4m $20.4m | Reduced -4.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 1.2m $18.2m | Reduced -319.9k |
| Capital Research Global Investors 0.00% of their portfolio | 1.2m $17.8m | Reduced -133.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $17.7m | Added +184.8k |
| MYDA Advisors LLC 4.16% of their portfolio | 1.1m $17.1m | Reduced -75.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.1m $16.5m | Added +168.2k |
| STEMPOINT CAPITAL LP 2.74% of their portfolio | 1.1m $15.8m | Reduced -2.1m |
| Simplify Asset Management Inc. 0.22% of their portfolio | 1.0m $15.5m | Added +141.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 1.0m $14.9m | Reduced -497.8k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 905.9k $13.5m | Reduced -634.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 882.7k $13.1m | Reduced -337.1k |
| MORGAN STANLEY 0.00% of their portfolio | 841.4k $12.5m | Reduced -185.6k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 828.8k $12.3m | Added +127.2k |
| Ikarian Capital, LLC 1.82% of their portfolio | 748.2k $11.1m | Added +335.7k |
| 5AM Venture Management, LLC 3.82% of their portfolio | 739.0k $11.0m | Unchanged |
| Erste Asset Management GmbH 0.09% of their portfolio | 737.3k $11.0m | Added +44.0k |
| Integral Health Asset Management, LLC 0.43% of their portfolio | 700.0k $10.4m | Reduced -300.0k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 651.3k $9.7m | Added +298.7k |
| Longaeva Partners L.P. 0.26% of their portfolio | 599.9k $8.9m | New |
| Sarissa Capital Management LP 4.87% of their portfolio | 582.3k $8.7m | Added +19.1k |
| Eversept Partners, LP 0.42% of their portfolio | 515.8k $7.7m | New |
| Pfizer Inc 4.70% of their portfolio | 505.6k $8.0m | Unchanged |
| Trexquant Investment LP 0.05% of their portfolio | 503.7k $7.5m | Reduced -374.1k |
| ADAR1 Capital Management, LLC 0.35% of their portfolio | 501.7k $7.5m | Added +456.9k |
| Burkehill Global Management, LP 0.27% of their portfolio | 500.0k $7.4m | Unchanged |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 491.9k $7.3m | Added +118.8k |
| IEQ CAPITAL, LLC 0.03% of their portfolio | 475.9k $7.1m | Added +197.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 469.8k $7.1m | Reduced -33.7k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 465.9k $6.9m | Added +19.3k |
| Fiera Capital Corp 0.02% of their portfolio | 445.8k $6.6m | Reduced -328.4k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 443.8k $6.6m | Reduced -742.9k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 417.5k $6.2m | Reduced -1.0m |
| Bank of New York Mellon Corp 0.00% of their portfolio | 386.9k $5.8m | Added +79.7k |
| Aberdeen Group plc 0.01% of their portfolio | 365.5k $5.4m | Reduced -405.9k |
| QVT Financial LP 0.34% of their portfolio | 354.2k $5.3m | Added +184.2k |
| QTR Family Wealth, LLC 1.75% of their portfolio | 337.4k $5.0m | Added +1.5k |
| CITIGROUP INC 0.00% of their portfolio | 314.5k $4.7m | Added +279.2k |
| Invesco Ltd. 0.00% of their portfolio | 309.1k $4.6m | Added +56.1k |
| ALGERT GLOBAL LLC 0.05% of their portfolio | 309.0k $4.6m | Reduced -13.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 290.4k $4.3m | Added +167.9k |
| Susquehanna Portfolio Strategies, LLC 0.06% of their portfolio | 270.0k $4.0m | Reduced -40.7k |
| HRT FINANCIAL LP 0.01% of their portfolio | 268.5k $4.0m | Reduced -565.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 268.2k $4.0m | Added +212.9k |
| Affinity Asset Advisors, LLC 0.18% of their portfolio | 250.0k $3.7m | New |
| Swiss National Bank 0.00% of their portfolio | 249.0k $3.7m | Reduced -9.6k |
| NewEdge Wealth, LLC 0.04% of their portfolio | 245.7k $3.7m | Reduced -833 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 238.4k $3.5m | Added +10.0k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio | 230.7k $3.4m | Added +102.8k |
| Mariner, LLC 0.00% of their portfolio | 212.5k $3.2m | Added +117.2k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 202.0k $3.0m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 201.5k $3.0m | Added +38.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 181.2k $2.7m | Reduced -124.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 180.7k $2.7m | Added +20.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 172.9k $1.5m | Added +72.8k |
| Quantinno Capital Management LP 0.00% of their portfolio | 170.7k $2.5m | Added +49.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 170.3k $2.5m | Added +77.2k |
| XTX Topco Ltd 0.03% of their portfolio | 170.2k $2.5m | Reduced -238.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 168.9k $2.5m | Reduced -3.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 164.7k $2.5m | Added +27.9k |
| SPHERA FUNDS MANAGEMENT LTD. 0.35% of their portfolio | 164.4k $2.4m | Reduced -429.6k |
| Cerity Partners LLC 0.00% of their portfolio | 161.9k $2.4m | Added +49.1k |
| TD Asset Management Inc 0.00% of their portfolio | 160.2k $2.4m | Reduced -17.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 159.1k $2.4m | Reduced -43.9k |
| Empowered Funds, LLC 0.01% of their portfolio | 152.1k $2.3m | Added +3.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 150.8k $2.2m | Reduced -10.2k |
| Caption Management, LLC 0.08% of their portfolio | 145.0k $2.2m | Added +69.7k |
| DAFNA Capital Management LLC 0.39% of their portfolio | 137.6k $2.0m | Reduced -708.1k |
| BARCLAYS PLC 0.00% of their portfolio | 133.0k $2.0m | Added +7.1k |
| DCF Advisers, LLC 0.51% of their portfolio | 130.0k $1.9m | Added +6.5k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 125.2k $1.7m | Added +64.1k |
| Creative Planning 0.00% of their portfolio | 118.6k $1.8m | Added +62.5k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 114.6k $1.7m | Added +65.4k |
| Squarepoint Ops LLC 0.00% of their portfolio | 109.2k $1.6m | Reduced -68.5k |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 105.4k $1.6m | Reduced -99.2k |
| SG Americas Securities, LLC 0.00% of their portfolio | 101.9k $1.5m | Reduced -163 |
| TORONTO DOMINION BANK 0.00% of their portfolio | 98.4k $1.5m | New |