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 ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.12. Options: 20 managers hold calls ($54.1m notional), 11 hold puts ($19.4m).
Trends to Q2 2025
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 |
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 2023 | 83 | 89 |
| Q4 2023 | 125 | 72 |
| Q1 2024 | 128 | 101 |
| Q2 2024 | 138 | 106 |
| Q3 2024 | 125 | 103 |
| Q4 2024 | 135 | 104 |
| Q1 2025 | 138 | 110 |
| Q2 2025 | 131 | 122 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $94.5m | $40.9m | 0.43 |
| Q4 2024 | $34.9m | $17.6m | 0.51 |
| Q1 2025 | $30.7m | $7.6m | 0.25 |
| Q2 2025 | $54.1m | $19.4m | 0.36 |
Biggest buyers
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +1.3m |
| VANGUARD GROUP INC | Added | +828.8k |
| Bellevue Group AG | Added | +762.0k |
| MILLENNIUM MANAGEMENT LLC | Added | +726.3k |
| Logos Global Management LP | New | +700.0k |
| Cubist Systematic Strategies, LLC | New | +658.4k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +619.7k |
| JPMORGAN CHASE & CO | Added | +612.2k |
| D. E. Shaw & Co., Inc. | Added | +484.2k |
| Capital Research Global Investors | New | +484.2k |
Biggest sellers
| RP Management, LLC | Sold out | -2.9m |
| JANUS HENDERSON GROUP PLC | Reduced | -1.4m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -1.2m |
| CITADEL ADVISORS LLC | Reduced | -904.0k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -765.3k |
| Capital International Investors | Sold out | -671.4k |
| T. Rowe Price Investment Management, Inc. | Reduced | -643.6k |
| Nuveen, LLC | Reduced | -466.9k |
| Pictet Asset Management Holding SA | Reduced | -382.5k |
| AMERIPRISE FINANCIAL INC | Reduced | -353.2k |
Biggest calls
| Caption Management, LLC | Added | $13.3m940.1k shares |
| MILLENNIUM MANAGEMENT LLC | New | $11.0m780.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.3m586.2k shares |
| Ikarian Capital, LLC | Reduced | $4.2m300.0k shares |
| ORACLE INVESTMENT MANAGEMENT INC | Added | $2.8m200.0k shares |
| CITADEL ADVISORS LLC | Added | $2.6m185.8k shares |
| SIMPLEX TRADING, LLC | Added | $2.6m182.2k shares |
| GROUP ONE TRADING LLC | Added | $2.5m177.9k shares |
| JANE STREET GROUP, LLC | Added | $1.9m135.7k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | Reduced | $1.5m103.4k shares |
Biggest puts
| Caption Management, LLC | Added | $11.0m780.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.5m251.2k shares |
| LMR Partners LLP | New | $1.8m130.8k shares |
| CITADEL ADVISORS LLC | Added | $1.1m77.5k shares |
| JANE STREET GROUP, LLC | New | $643.4k45.6k shares |
| GROUP ONE TRADING LLC | Added | $433.2k30.7k shares |
| SIMPLEX TRADING, LLC | Added | $397.0k28.2k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $345.7k24.5k shares |
| Walleye Capital LLC | Added | $97.4k6.9k shares |
| Walleye Trading LLC | New | $26.8k1.9k 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 in Q2 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 |
|---|---|---|---|---|---|
| Q3 2023 | 1 | $2.9m | 0 | — | — |
| Q4 2023 | 4 | $20.9m | 1 | $459.7k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 4 | $14.5m | 0 | — | — |
| Q3 2024 | 2 | $1.2m | 0 | — | — |
| Q4 2024 | 2 | $2.0m | 0 | — | — |
| Q1 2025 | 1 | $864.2k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 9.2m $130.5m | Added +828.8k |
| BlackRock, Inc. 0.00% of their portfolio | 7.5m $106.3m | Added +52.4k |
| STIFEL FINANCIAL CORP 0.09% of their portfolio | 6.6m $93.2m | Added +1.9k |
| MONTANOVA CAPITAL, LLC 2.99% of their portfolio | 5.6m $79.3m | Unchanged |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 5.1m $71.3m | Reduced -1.4m |
| STATE STREET CORP 0.00% of their portfolio | 3.5m $49.9m | Added +115.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 3.2m $44.7m | Added +348.3k |
| Bellevue Group AG 0.87% of their portfolio | 2.8m $39.5m | Added +762.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.6m $36.3m | Added +612.2k |
| ARMISTICE CAPITAL, LLC 1.14% of their portfolio | 2.1m $30.1m | Added +462.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.0m $28.7m | Added +71.9k |
| FMR LLC 0.00% of their portfolio | 1.7m $23.5m | Reduced -246.4k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.6m $23.0m | Added +726.3k |
| Holocene Advisors, LP 0.05% of their portfolio | 1.5m $21.1m | Added +239.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 1.4m $20.3m | Added +1.3m |
| ARS Investment Partners, LLC 1.22% of their portfolio | 1.2m $16.8m | Added +148.3k |
| BROWN ADVISORY INC 0.02% of their portfolio | 1.1m $15.8m | Added +101.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 979.9k $13.8m | Added +176.0k |
| NORGES BANK 0.00% of their portfolio | 902.6k $12.7m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 776.5k $11.0m | Reduced -24.1k |
| MORGAN STANLEY 0.00% of their portfolio | 737.7k $10.4m | Reduced -221.2k |
| Redmile Group, LLC 1.10% of their portfolio | 729.5k $10.3m | Reduced -137.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 712.1k $10.0m | Added +24.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 703.3k $9.9m | Added +113.7k |
| Logos Global Management LP 1.32% of their portfolio | 700.0k $9.9m | New |
| ORACLE INVESTMENT MANAGEMENT INC 8.22% of their portfolio | 673.2k $9.5m | Added +7.2k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 661.3k $9.3m | Added +94.8k |
| Cubist Systematic Strategies, LLC 0.10% of their portfolio | 658.4k $9.3m | New |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 630.0k $8.9m | Added +78.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 628.6k $8.9m | Added +619.7k |
| Fiera Capital Corp 0.03% of their portfolio | 575.1k $8.1m | Reduced -6.6k |
| INFINITUM ASSET MANAGEMENT, LLC 1.72% of their portfolio | 550.0k $7.8m | Added +250.0k |
| Prosight Management, LP 1.85% of their portfolio | 539.1k $7.6m | Added +439.1k |
| UBS Group AG 0.00% of their portfolio | 529.8k $7.5m | Reduced -107.1k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 518.8k $7.3m | Added +484.2k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 509.0k $7.2m | Reduced -1.8k |
| Pfizer Inc 1.24% of their portfolio | 505.6k $7.1m | Unchanged |
| Capital Research Global Investors 0.00% of their portfolio | 484.2k $6.8m | New |
| 5AM Venture Management, LLC 2.60% of their portfolio | 479.0k $6.8m | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 445.7k $6.3m | Reduced -466.9k |
| Caption Management, LLC 0.55% of their portfolio | 423.8k $6.0m | Added +376.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 420.5k $5.9m | Added +49.4k |
| BARCLAYS PLC 0.00% of their portfolio | 347.2k $4.9m | Added +183.5k |
| QTR Family Wealth, LLC 2.90% of their portfolio | 332.1k $4.7m | Reduced -75 |
| READYSTATE ASSET MANAGEMENT LP 0.19% of their portfolio | 330.5k $4.7m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 323.4k $4.6m | Reduced -904.0k |
| EMERALD ADVISERS, LLC 0.17% of their portfolio | 321.0k $4.5m | Reduced -33.9k |
| Woodline Partners LP 0.02% of their portfolio | 300.4k $4.2m | Reduced -300.1k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.07% of their portfolio | 300.0k $4.2m | Reduced -260.1k |
| Integral Health Asset Management, LLC 0.40% of their portfolio | 300.0k $4.2m | Added +125.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 296.1k $4.2m | Added +179.7k |
| WCM INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 291.9k $4.1m | Added +20.1k |
| TD Asset Management Inc 0.00% of their portfolio | 291.0k $4.1m | Added +41.3k |
| Tri Locum Partners LP 1.16% of their portfolio | 271.4k $3.8m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 265.8k $3.7m | Added +216.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 262.5k $3.7m | Reduced -39.8k |
| CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio | 261.2k $3.7m | Added +247.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 257.9k $3.6m | Added +99.8k |
| Y-Intercept (Hong Kong) Ltd 0.09% of their portfolio | 251.9k $3.6m | Added +225.0k |
| Capital World Investors 0.00% of their portfolio | 250.0k $3.5m | Unchanged |
| NewEdge Wealth, LLC 0.06% of their portfolio | 243.5k $3.7m | Reduced -29 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 236.2k $3.3m | Added +61.9k |
| DAFNA Capital Management LLC 0.92% of their portfolio | 235.2k $3.3m | Added +15.0k |
| CITIGROUP INC 0.00% of their portfolio | 230.6k $3.3m | Reduced -40.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 181.9k $2.6m | Reduced -353.2k |
| STEMPOINT CAPITAL LP 0.79% of their portfolio | 174.8k $2.5m | Reduced -75.8k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.15% of their portfolio | 173.0k $2.4m | Reduced -65.4k |
| QVT Financial LP 0.34% of their portfolio | 170.0k $2.4m | Unchanged |
| Swiss National Bank 0.00% of their portfolio | 166.5k $2.3m | Unchanged |
| DARK FOREST CAPITAL MANAGEMENT LP 0.09% of their portfolio | 166.3k $2.3m | Added +109.7k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 162.0k $2.3m | Reduced -2.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 160.3k $2.3m | Unchanged |
| Walleye Capital LLC 0.02% of their portfolio | 155.5k $2.2m | Added +152.2k |
| SPHERA FUNDS MANAGEMENT LTD. 0.54% of their portfolio | 145.4k $2.1m | Added +45.6k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 145.3k $2.0m | New |
| TANG CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 140.0k $2.0m | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 137.4k $1.9m | Added +12.6k |
| TWINBEECH CAPITAL LP 0.04% of their portfolio | 136.2k $1.9m | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 135.4k $1.9m | New |
| Candriam S.C.A. 0.01% of their portfolio | 129.2k $1.8m | Added +34.7k |
| Verition Fund Management LLC 0.01% of their portfolio | 122.5k $1.7m | Added +113.6k |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 121.2k $1.7m | Added +1.5k |
| Graham Capital Management, L.P. 0.05% of their portfolio | 119.3k $1.7m | New |
| ALGERT GLOBAL LLC 0.03% of their portfolio | 115.5k $1.6m | Added +105.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 105.5k $1.5m | Added +2.8k |
| Trexquant Investment LP 0.02% of their portfolio | 104.3k $1.5m | New |
| Empowered Funds, LLC 0.02% of their portfolio | 99.4k $1.4m | New |
| Legal & General Group Plc 0.00% of their portfolio | 98.5k $1.4m | Added +3.2k |
| Simplify Asset Management Inc. 0.08% of their portfolio | 96.4k $1.4m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 96.2k $1.4m | Unchanged |
| Erste Asset Management GmbH 0.01% of their portfolio | 93.3k $1.3m | Added +42.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 92.4k $1.3m | Added +20.6k |
| Invesco Ltd. 0.00% of their portfolio | 89.9k $1.3m | Added +21.5k |
| Susquehanna Portfolio Strategies, LLC 0.03% of their portfolio | 85.0k $1.2m | New |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 80.3k $1.1m | New |
| Artia Global Partners LP 0.29% of their portfolio | 80.0k $1.1m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 77.8k $1.1m | Reduced -37.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 74.5k $1.1m | Reduced -4.9k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 73.6k $1.0m | Added +4.5k |
| SIMON QUICK ADVISORS, LLC 0.05% of their portfolio | 70.0k $987.4k | Reduced -53 |