PHARVARIS N V PHVS
COM · Common Stock · CUSIP N69605108
- SectorHealth care
- IndustryPharmaceutical Preparations
- 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. Holder counts are more reliable. Implied quarter-end price ≈ $34.58. Options: 2 managers hold calls ($767.7k notional), 4 hold puts ($2.9m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 22 |
| Q4 2022 | 26 |
| Q1 2023 | 22 |
| Q2 2023 | 22 |
| Q3 2023 | 22 |
| Q4 2023 | 37 |
| Q1 2024 | 36 |
| Q2 2024 | 37 |
| Q3 2024 | 52 |
| Q4 2024 | 55 |
| Q1 2025 | 53 |
| Q2 2025 | 61 |
| Q3 2025 | 83 |
| Q4 2025 | 106 |
| Q1 2026 | 110 |
| Q2 2026 | 125 |
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 | 31 | 9 |
| Q4 2024 | 25 | 18 |
| Q1 2025 | 17 | 19 |
| Q2 2025 | 28 | 17 |
| Q3 2025 | 66 | 15 |
| Q4 2025 | 68 | 21 |
| Q1 2026 | 43 | 41 |
| Q2 2026 | 72 | 42 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $0 | $2.0m | — |
| Q1 2026 | $0 | $2.7m | — |
| Q2 2026 | $767.7k | $2.9m | 3.83 |
Biggest buyers
| Polar Capital Holdings Plc | Added | +1.5m |
| TCG Crossover Management, LLC | New | +1.0m |
| Point72 Asset Management, L.P. | Added | +634.2k |
| Jones Hill Capital LP | Added | +510.9k |
| Foresite Capital Management V, LLC | Added | +470.0k |
| Seven Fleet Capital Management LP | Added | +457.8k |
| Octagon Capital Advisors LP | Added | +291.7k |
| Alyeska Investment Group, L.P. | Added | +281.8k |
| FMR LLC | Added | +280.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +274.0k |
Biggest sellers
| GENERAL ATLANTIC, L.P. | Reduced | -1.5m |
| Commodore Capital LP | Reduced | -494.0k |
| BAKER BROS. ADVISORS LP | Sold out | -375.0k |
| NOVO HOLDINGS A/S | Reduced | -350.0k |
| Cormorant Asset Management, LP | Reduced | -250.0k |
| Ikarian Capital, LLC | Reduced | -178.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Sold out | -158.0k |
| DV Trading LLC | Sold out | -144.0k |
| STEMPOINT CAPITAL LP | Reduced | -92.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -84.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $594.8k17.2k shares |
| BARCLAYS PLC | New | $172.9k5.0k shares |
Biggest puts
| JANE STREET GROUP, LLC | Reduced | $1.3m37.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.2m34.3k shares |
| CITADEL ADVISORS LLC | New | $297.4k8.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $145.2k4.2k 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 |
|---|---|
| GENERAL ATLANTIC, L.P. 13G · passive investor filed 2026-08-14 | 7.6% |
| VIKING GLOBAL INVESTORS LP 13G · passive investor filed 2026-05-15 | 5.6% |
Fell to 5% or below in the last year: LSP V Cooperatieve U.A. (4.9%, 2026-07-31), Bain Capital Life Sciences Fund, L.P. (2.5%, 2026-02-17)
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 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 11 | $12.3m | $10.8m |
| Q3 2026 | 0 | — | 10 | $20.5m | $4.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-23 | Monges Viviane Director | Sold | $395.6k12.0k shares |
| 2026-09-22 | Schikan Johannes Gerardus Christiaan Petrus Director | Sold | $29.0k800 shares |
| 2026-09-21 | Nassif David W. CFO / CLO | Sold | $218.8k6.0k shares |
| 2026-09-17 | Schikan Johannes Gerardus Christiaan Petrus Director | Sold | $7.0m200.0k shares |
| 2026-09-17 | Lu Peng President | Sold | $3.5m100.0k shares |
| 2026-09-17 | Bjork Elisabeth Director | Sold | $2.0m52.5k shares |
| 2026-09-17 | Lesage Anne Chief Early Development · By GrayMatters Consulting BVBA | Sold | $765.4k20.0k shares |
| 2026-09-17 | Glassman Robert Director | Sold | $558.9k14.5k shares |
| 2026-09-15 | Abele Stefan Andreas Chief Technical Ops Officer | Sold | $1.8m46.4k shares |
| 2026-09-15 | Glassman Robert Director | Sold plan | $331.7k8.7k shares |
| 2026-09-15 | Souverijns Wim Chief Commercial Officer | Sold plan | $237.4k6.1k shares |
| 2026-09-14 | Souverijns Wim Chief Commercial Officer | Sold plan | $786.2k20.0k shares |
| 2026-09-14 | Modig Berndt Chief Executive Officer, director | Sold plan | $90.3k2.3k shares |
| 2026-09-11 | Lu Peng President | Sold plan | $602.0k15.0k shares |
| 2026-09-10 | Lesage Anne Chief Early Development | Sold plan | $1.1m30.0k shares |
| 2026-09-09 | Glassman Robert Director | Sold plan | $300.4k8.0k shares |
| 2026-09-08 | Lu Peng President | Sold plan | $610.2k15.0k shares |
| 2026-08-14 | Modig Berndt Chief Executive Officer, director | Sold plan | $79.7k2.3k shares |
| 2026-07-13 | Modig Berndt Chief Executive Officer, director | Sold plan | $80.2k2.3k shares |
| 2026-06-30 | Schikan Johannes Gerardus Christiaan Petrus Director | Sold plan | $1.1m30.7k shares |
| 2026-06-30 | Lesage Anne Chief Early Development | Sold plan | $1.1m30.7k shares |
| 2026-06-30 | Lesage Anne Chief Early Development | Sold plan | $988.9k27.9k shares |
| 2026-06-29 | Lesage Anne Chief Early Development | Sold plan | $371.7k10.6k shares |
| 2026-06-29 | Lesage Anne Chief Early Development | Sold plan | $245.2k7.0k shares |
| 2026-06-29 | Schikan Johannes Gerardus Christiaan Petrus Director | Sold plan | $241.4k6.9k shares |
| 2026-06-29 | Schikan Johannes Gerardus Christiaan Petrus Director | Sold plan | $84.2k2.4k shares |
| 2026-06-26 | Lu Peng Chief Medical Officer | Sold plan | $499.8k14.7k shares |
| 2026-06-25 | Lu Peng Chief Medical Officer | Sold plan | $518.9k15.0k shares |
| 2026-06-25 | Lesage Anne Chief Early Development | Sold plan | $80.8k2.3k shares |
| 2026-06-25 | Lesage Anne Chief Early Development | Sold plan | $80.8k2.3k shares |
The latest 30 of 62 trades.
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.01% of their portfolio | 6.6m $227.0m | Added +280.8k |
| GENERAL ATLANTIC, L.P. 7.79% of their portfolio | 6.6m $226.5m | Reduced -1.5m |
| Foresite Capital Management IV, LLC 56.95% of their portfolio | 4.8m $165.2m | Unchanged |
| venBio Partners LLC 30.92% of their portfolio | 4.6m $160.6m | Added +4.1k |
| VIKING GLOBAL INVESTORS LP 0.36% of their portfolio | 3.7m $126.3m | Unchanged |
| EQT Fund Management S.a r.l. 13.73% of their portfolio | 3.4m $118.4m | Unchanged |
| DEERFIELD MANAGEMENT COMPANY, L.P. 1.22% of their portfolio | 3.4m $116.7m | Added +250.0k |
| Bain Capital Life Sciences Investors, LLC 5.50% of their portfolio | 2.7m $92.5m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 2.4m $82.7m | Added +274.0k |
| Polar Capital Holdings Plc 0.23% of their portfolio | 2.3m $80.4m | Added +1.5m |
| Point72 Asset Management, L.P. 0.09% of their portfolio | 1.6m $56.8m | Added +634.2k |
| Commodore Capital LP 2.93% of their portfolio | 1.4m $49.3m | Reduced -494.0k |
| NOVO HOLDINGS A/S 2.81% of their portfolio | 1.4m $48.4m | Reduced -350.0k |
| Saturn V Capital Management LP 6.52% of their portfolio | 1.3m $45.4m | Added +112.7k |
| TCG Crossover Management, LLC 0.84% of their portfolio | 1.0m $34.9m | New |
| Sofinnova Investments, Inc. 1.63% of their portfolio | 881.3k $30.5m | Added +63.0k |
| 5AM Venture Management, LLC 9.58% of their portfolio | 797.6k $27.6m | Unchanged |
| Seven Fleet Capital Management LP 4.42% of their portfolio | 774.5k $26.8m | Added +457.8k |
| BlackRock, Inc. 0.00% of their portfolio | 771.5k $26.7m | Added +14.2k |
| Cormorant Asset Management, LP 1.33% of their portfolio | 750.0k $25.9m | Reduced -250.0k |
| Soleus Capital Management, L.P. 0.87% of their portfolio | 730.9k $25.3m | Added +28.9k |
| Jones Hill Capital LP 4.98% of their portfolio | 677.9k $23.4m | Added +510.9k |
| Patient Square Capital LP 3.60% of their portfolio | 671.2k $23.2m | Added +178.2k |
| Foresite Capital Management V, LLC 6.34% of their portfolio | 664.1k $23.0m | Added +470.0k |
| Kynam Capital Management, LP 1.26% of their portfolio | 661.8k $22.9m | Added +21.4k |
| Rock Springs Capital Management LP 1.09% of their portfolio | 648.3k $22.4m | Added +2.8k |
| Elmind Capital, LP 4.57% of their portfolio | 525.8k $18.2m | Added +50.0k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 524.3k $18.1m | Added +62.1k |
| DV EQUITIES, LLC 2.42% of their portfolio | 482.5k $16.7m | First filing |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 471.4k $16.3m | Added +150.2k |
| Octagon Capital Advisors LP 1.45% of their portfolio | 456.7k $15.8m | Added +291.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 427.4k $14.8m | Added +245.5k |
| Alyeska Investment Group, L.P. 0.04% of their portfolio | 406.8k $14.1m | Added +281.8k |
| Kalehua Capital Management LLC 4.39% of their portfolio | 397.5k $13.7m | Unchanged |
| Eversept Partners, LP 0.73% of their portfolio | 386.4k $13.4m | Reduced -20.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 358.3k $12.4m | Reduced -84.0k |
| Ikarian Capital, LLC 1.75% of their portfolio | 308.9k $10.7m | Reduced -178.0k |
| Tetragon Partners GP Ltd 1.66% of their portfolio | 295.6k $10.2m | Added +74.0k |
| UBS Group AG 0.00% of their portfolio | 254.8k $8.8m | Added +182.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 241.8k $8.4m | Added +73.2k |
| EcoR1 Capital, LLC 0.40% of their portfolio | 235.0k $8.1m | New |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 216.6k $7.5m | Added +90.6k |
| ORBIMED ADVISORS LLC 0.13% of their portfolio | 205.4k $7.1m | Unchanged |
| Walleye Capital LLC 0.03% of their portfolio | 200.4k $6.9m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 180.1k $6.2m | New |
| STATE STREET CORP 0.00% of their portfolio | 168.6k $5.8m | Added +15.7k |
| Cinctive Capital Management LP 0.22% of their portfolio | 161.1k $5.6m | New |
| HighVista Strategies LLC 1.27% of their portfolio | 160.5k $5.5m | Added +62.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 150.0k $5.2m | Added +7.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 139.8k $4.8m | Added +68.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 138.8k $4.8m | Added +123.2k |
| Trexquant Investment LP 0.03% of their portfolio | 136.3k $4.7m | Added +70.2k |
| XTX Topco Ltd 0.05% of their portfolio | 109.8k $3.8m | Added +54.8k |
| NEXTBio Capital Management LP 1.72% of their portfolio | 108.1k $3.7m | New |
| ADAR1 Capital Management, LLC 0.17% of their portfolio | 105.5k $3.6m | Unchanged |
| BOOTHBAY FUND MANAGEMENT, LLC 0.07% of their portfolio | 102.8k $3.6m | Reduced -54.3k |
| MORGAN STANLEY 0.00% of their portfolio | 97.3k $3.4m | Reduced -67.0k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 92.9k $3.2m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 89.9k $3.1m | Added +783 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 82.8k $2.9m | Reduced -686 |
| STEMPOINT CAPITAL LP 0.48% of their portfolio | 80.9k $2.8m | Reduced -92.4k |
| HRT FINANCIAL LP 0.01% of their portfolio | 61.4k $2.1m | Added +33.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 53.5k $1.8m | Reduced -253 |
| Amundi 0.00% of their portfolio | 49.9k $1.7m | Added +19.0k |
| Squarepoint Ops LLC 0.00% of their portfolio | 44.6k $1.5m | Reduced -51.8k |
| MOORE CAPITAL MANAGEMENT, LP 0.03% of their portfolio | 44.0k $1.5m | New |
| Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio | 39.9k $1.4m | New |
| Atom Investors LP 0.12% of their portfolio | 39.5k $1.4m | Added +30.4k |
| Swiss National Bank 0.00% of their portfolio | 39.4k $1.4m | Reduced -5.4k |
| TD Asset Management Inc 0.00% of their portfolio | 38.5k $1.3m | Reduced -16.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 33.7k $1.2m | New |
| SummitTX Capital, L.P. 0.03% of their portfolio | 33.4k $1.2m | Added +4.2k |
| Engineers Gate Manager LP 0.01% of their portfolio | 33.1k $1.1m | New |
| Aquatic Capital Management LLC 0.04% of their portfolio | 30.2k $1.0m | New |
| Birchview Capital, LP 0.48% of their portfolio | 29.8k $1.0m | Unchanged |
| DIADEMA PARTNERS LP 0.36% of their portfolio | 29.3k $1.0m | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 29.3k $1.0m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 23.6k $817.7k | Reduced -20.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 23.1k $799.5k | Reduced -1.0k |
| Palumbo Wealth Management LLC 0.15% of their portfolio | 21.0k $726.3k | Added +396 |
| BARCLAYS PLC 0.00% of their portfolio | 20.7k $715.9k | Added +16.3k |
| Legal & General Group Plc 0.00% of their portfolio | 20.6k $712.8k | Reduced -6.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 20.0k $693.1k | Reduced -38 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 18.2k $629.4k | Reduced -26.8k |
| GSA CAPITAL PARTNERS LLP 0.04% of their portfolio | 16.1k $558.0k | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 15.1k $520.8k | Unchanged |
| PSP Research LLC 0.28% of their portfolio | 15.0k $518.7k | Reduced -5.0k |
| China Universal Asset Management Co., Ltd. 0.03% of their portfolio | 14.7k $509.0k | Added +3.4k |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 14.4k $496.9k | Added +899 |
| OpenArc Corporate Advisory, LLC 0.01% of their portfolio | 13.6k $470.1k | New |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 13.1k $454.6k | Reduced -17.8k |
| Nuveen, LLC 0.00% of their portfolio | 12.7k $437.6k | Reduced -4.4k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.02% of their portfolio | 11.4k $393.0k | Added +1 |
| Virtus Investment Advisers, LLC 0.09% of their portfolio | 10.7k $368.3k | Reduced -635 |
| NANO CAP NEW MILLENNIUM GROWTH FUND L P 0.24% of their portfolio | 9.0k $311.2k | Reduced -1.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 9.0k $253.7k | Unchanged |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 8.4k $291.0k | Added +240 |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 8.2k $284.9k | Unchanged |
| Persistent Asset Partners Ltd 0.09% of their portfolio | 7.9k $273.3k | Unchanged |
| ALGERT GLOBAL LLC 0.00% of their portfolio | 6.9k $237.9k | New |