Vault-13

MERUS N V MRUS

COM · Common Stock · CUSIP N5749R100

10 institutional holders -259 vs Q3 2025
88,37388.4k shares reported held*
$5.6mreported value*
3 new 3 added 0 reduced 251 sold out net sold ≈ $6.2bn (-69.5m 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 ($90.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $64.09. Options: 1 managers hold calls ($1.4m notional), 1 hold puts ($1.1m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 101Q4 22: 92Q1 23: 105Q2 23: 115Q3 23: 114Q4 23: 133Q1 24: 158Q2 24: 181Q3 24: 191Q4 24: 194Q1 25: 187Q2 25: 203Q3 25: 269Q4 25: 1010Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022101
Q4 202292
Q1 2023105
Q2 2023115
Q3 2023114
Q4 2023133
Q1 2024158
Q2 2024181
Q3 2024191
Q4 2024194
Q1 2025187
Q2 2025203
Q3 2025269
Q4 202510

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 85 bought or addedQ1 24: 62 cut or sold outQ2 24: 119 bought or addedQ2 24: 68 cut or sold outQ2 24Q3 24: 105 bought or addedQ3 24: 68 cut or sold outQ4 24: 96 bought or addedQ4 24: 86 cut or sold outQ4 24Q1 25: 96 bought or addedQ1 25: 91 cut or sold outQ2 25: 119 bought or addedQ2 25: 94 cut or sold outQ2 25Q3 25: 165 bought or addedQ3 25: 112 cut or sold outQ4 25: 6 bought or addedQ4 25: 251 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20248562
Q2 202411968
Q3 202410568
Q4 20249686
Q1 20259691
Q2 202511994
Q3 2025165112
Q4 20256251

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ1 25 calls: $17.1mQ1 25 puts: $4.1mQ1 25P/C 0.24Q2 25 calls: $41.5mQ2 25 puts: $31.7mQ2 25P/C 0.76Q3 25 calls: $169.0mQ3 25 puts: $82.2mQ3 25P/C 0.49Q4 25 calls: $1.4mQ4 25 puts: $1.1mQ4 25P/C 0.78
Numbers
QuarterCallsPutsP/C
Q1 2025$17.1m$4.1m0.24
Q2 2025$41.5m$31.7m0.76
Q3 2025$169.0m$82.2m0.49
Q4 2025$1.4m$1.1m0.78

Biggest buyers

Biggest sellers

Paradigm Biocapital Advisors LP Sold out -4,373,770-4.4m
Avoro Capital Advisors LLC Sold out -3,542,500-3.5m
Commodore Capital LP Sold out -3,525,000-3.5m
DEERFIELD MANAGEMENT COMPANY, L.P. Sold out -3,046,916-3.0m
HBK INVESTMENTS L P Sold out -2,850,000-2.9m
FMR LLC Sold out -2,810,935-2.8m
BlackRock, Inc. Sold out -2,172,015-2.2m
WESTFIELD CAPITAL MANAGEMENT CO LP Sold out -2,132,489-2.1m
RTW INVESTMENTS, LP Sold out -2,025,277-2.0m
Woodline Partners LP Sold out -1,674,167-1.7m

Biggest calls

SIMPLEX TRADING, LLC Reduced $1.4m15.2k shares

Biggest puts

SIMPLEX TRADING, LLC Reduced $1.1m11.8k 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: Paradigm Biocapital Advisors LP (0.0%, 2026-02-17), GENMAB A/S (0.0%, 2025-12-30), RTW INVESTMENTS, LP (2.7%, 2025-11-14)

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 56,00056.0k $2.7m $2.7m 0.00% Unchanged
2 XTX Topco Ltd 0.06% of their portfolio LONDON, X0 26,76826.8k $2.4m $2.4m 0.06% Added +14.9k +14,920
3 Brooklyn Investment Group 0.01% of their portfolio NEW YORK, NY 2,4522.5k $220.7k $220.7k 0.01% New
4 NTV Asset Management LLC 0.02% of their portfolio Charleston, WV 2,2502.2k $202.5k $202.5k 0.02% Unchanged
5 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,0101.0k $90.9k $90.9k 0.00% Added +485 +485
6 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 837837 $75.3k $75.3k 0.00% New
7 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 5353 $4.8k $4.8k 0.00% Added +21 +21
8 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 99 $810 $810 0.00% Unchanged
9 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 33 $270 $270 0.00% Unchanged
10 SUMMIT SECURITIES GROUP LLC 0.00% of their portfolio NEW YORK, NY 11 $0 $0 0.00% New