Arcutis BiotherapeuticsARQT

13F holders, Q2 2025 (June 30)
230holders −11
33new positions
45sold out
5famous investors
$14.02avg. 13F price*

At the end of Q2 2025, 230 institutions reported holding Arcutis Biotherapeutics Inc. (ARQT) in their 13F filings, down 11 from Q1 2025. 33 opened new positions and 45 sold out. The largest holders were Montanova Capital, LLC ($161.7M), Jennison Associates LLC ($155.8M) and Rubric Capital Management LP ($150.7M). 5 famous investors held it, including Steve Cohen (0.1% of Point72 Asset Management's portfolio), David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).

Company
Arcutis Biotherapeutics Inc.
CUSIP
03969K108
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300 Q1 2024: 168Q1 2024Q2 2024: 186Q2 2024Q3 2024: 188Q3 2024Q4 2024: 208Q4 2024Q1 2025: 241Q1 2025Q2 2025: 230Q2 2025Q3 2025: 239Q3 2025Q4 2025: 283Q4 2025Q1 2026: 270Q1 2026Q2 2026: 272Q2 2026

Total Exit/New Position Q1 2025 → Q2 2025

InstitutionsTotal Value
New Positions33$29.4M
Exits45$69.6M

All 13F filers, Q1 2025 → Q2 2025: 12,670,916 shares bought and 11,281,465 shares sold, net +1,389,451 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 230 holders

Montanova Capital, LLC 6.09% Add +1.0% 11,535,582 $161.7M
Jennison Associates LLC 0.09% Reduce -2.2% 11,109,405 $155.8M
Rubric Capital Management LP 2.42% Reduce -2.0% 10,749,457 $150.7M
Frazier Life Sciences Management, L.P. 5.54% Add +12.4% 9,874,511 $138.4M
BlackRock, Inc. 0.00% Reduce -4.0% 8,532,761 $119.6M
Vanguard Group Inc. 0.00% Add +3.4% 7,049,099 $98.8M
Polar Capital Holdings Plc 0.37% Reduce -25.4% 5,006,475 $70.2M
State Street Corp. 0.00% Add +1.2% 4,526,937 $63.5M
Morgan Stanley 0.00% Add +12.4% 4,314,530 $60.5M
Gilder Gagnon Howe & Co. LLC 0.62% Add +1.5% 4,155,763 $58.3M
UBS Group AG 0.01% Add +0.6% 2,937,939 $41.2M
Franklin Resources Inc. 0.01% Reduce -1.1% 2,732,777 $38.3M
Geode Capital Management, LLC 0.00% Add +1.4% 2,582,567 $36.2M
Janus Henderson Group PLC 0.02% Add +4204.1% 2,263,960 $31.8M
D. E. Shaw & Co. 0.03% Add +8.7% 2,163,001 $30.3M
Pivotal bioVenture Partners Investment Advisor LLC 18.43% No change 2,120,508 $29.7M
Ensign Peak Advisors, Inc 0.05% Add +0.7% 2,001,439 $28.1M
Goldman Sachs Group Inc. 0.00% Add +71.3% 1,890,246 $26.5M
American Century Companies Inc. 0.01% Add +4.3% 1,724,307 $24.2M
Point72 Asset Management 0.05% Add +78.9% 1,485,425 $20.8M
GW&K Investment Management, LLC 0.17% Reduce -8.8% 1,378,432 $19.3M
Bank of America Corp. 0.00% Add +133.5% 1,202,513 $16.9M
Driehaus Capital Management LLC 0.12% Reduce -0.6% 1,085,954 $15.2M
Cormorant Asset Management, LP 1.04% Reduce -25.9% 1,000,000 $14.0M
Charles Schwab Investment Management Inc. 0.00% Add +12.1% 965,066 $13.5M
Northern Trust Corp. 0.00% Reduce -4.8% 928,688 $13.0M
PFM Health Sciences, LP 1.15% New 923,375 $12.9M
Millennium Management 0.01% Add +92.3% 910,841 $12.8M
Tejara Capital Ltd 5.68% Add +3.2% 873,381 $12.2M
J. Goldman & Co LP 0.38% Add +376.5% 860,260 $12.1M
Candriam S.C.A. 0.06% Reduce -23.7% 790,435 $11.1M
Nuveen, LLC 0.00% Reduce -6.2% 765,579 $10.7M
Federated Hermes, Inc. 0.02% Reduce -0.0% 737,369 $10.3M
Aberdeen Group plc 0.02% Add +14.9% 675,034 $9.5M
Prudential Financial Inc. 0.01% Add +1.0% 598,900 $8.4M
Qube Research & Technologies Ltd 0.01% Add +200.4% 577,493 $8.1M
Fishman Jay A Ltd. 0.75% Add +4.3% 556,150 $7.8M
JPMorgan Chase & Co. 0.00% Add +1.0% 548,789 $7.7M
Schonfeld Strategic Advisors LLC 0.06% Add +2717.5% 520,284 $7.3M
Jupiter Asset Management Ltd. 0.05% New 412,738 $5.8M
Simplify Asset Management Inc. 0.35% Reduce -38.0% 409,432 $5.7M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +45.0% 404,736 $5.7M
Barclays PLC 0.00% Add +102.3% 394,041 $5.5M
Lazard Asset Management LLC 0.01% Add +3.2% 386,011 $5.4M
AQR Capital Management 0.00% Add +51.2% 375,233 $5.3M
Royce & Associates LP 0.05% Add +40.0% 374,540 $5.3M
MYDA Advisors LLC 1.46% Add +27.6% 370,000 $5.2M
Deutsche Bank AG 0.00% Reduce -3.7% 367,415 $5.2M
Citigroup Inc. 0.00% Add +19.2% 359,422 $5.0M
First Trust Advisors LP 0.00% Reduce -22.4% 341,521 $4.8M
Privium Fund Management B.V. 1.02% Add +5.8% 344,472 $4.7M
Bank of New York Mellon Corp 0.00% Add +1.7% 305,258 $4.3M
Avidity Partners Management LP 0.75% New 268,000 $3.8M
Royal Bank of Canada 0.00% Add +5552.6% 263,809 $3.7M
Susquehanna International Group, LLP 0.01% Add +54.8% 260,987 $3.7M
Stempoint Capital LP 0.93% Reduce -53.3% 205,672 $2.9M
Woodline Partners LP 0.02% Reduce -49.9% 205,510 $2.9M
Swiss National Bank 0.00% No change 204,000 $2.9M
Readystate Asset Management LP 0.21% Add +232.7% 200,253 $2.8M
Wells Fargo & Company 0.00% Reduce -1.0% 196,300 $2.8M
PDT Partners, LLC 0.15% Reduce -39.8% 190,983 $2.7M
Essex Investment Management Co. LLC 0.48% Reduce -0.6% 189,511 $2.7M
Rhumbline Advisers 0.00% Add +2.8% 186,099 $2.6M
Norges Bank 0.00% Reduce -74.3% 174,820 $2.5M
Squarepoint Ops LLC 0.01% Add +169.3% 167,814 $2.4M
Rafferty Asset Management, LLC 0.01% Reduce -3.8% 154,351 $2.2M
FMR LLC 0.00% Reduce -7.2% 150,730 $2.1M
Citadel Advisors 0.00% Reduce -53.1% 145,493 $2.0M
Jackson Creek Investment Advisors LLC 0.51% Add +19.7% 135,871 $1.9M
Jane Street Group, LLC 0.00% Add +9.1% 127,122 $1.8M
LPL Financial LLC 0.00% Add +5.1% 121,617 $1.7M
Ami Asset Management Corp. 0.09% Reduce -45.4% 113,882 $1.6M
Alliancebernstein L.P. 0.00% No change 113,360 $1.6M
Legal & General Group Plc 0.00% Add +3.7% 111,603 $1.6M
Phocas Financial Corp. 0.21% Add +0.0% 104,014 $1.5M
DekaBank Deutsche Girozentrale 0.00% No change 140,000 $1.5M
Wesbanco Bank Inc. 0.04% No change 102,700 $1.4M
Invesco Ltd. 0.00% Reduce -92.5% 99,703 $1.4M
Ameriprise Financial Inc. 0.00% Reduce -12.6% 99,044 $1.4M
Algert Global LLC 0.03% Reduce -18.3% 98,755 $1.4M
California State Teachers Retirement System 0.00% No change 97,682 $1.4M
Engineers Gate Manager LP 0.02% Add +47.6% 97,605 $1.4M
Vestal Point Capital, LP 0.07% New 95,000 $1.3M
Stifel Financial Corp. 0.00% New 90,191 $1.3M
State of Wisconsin Investment Board 0.00% Reduce -41.2% 89,879 $1.3M
Intech Investment Management LLC 0.01% Add +23.8% 86,282 $1.2M
T. Rowe Price Associates Inc. 0.00% Add +7.8% 84,047 $1.2M
Two Sigma Investments, LP 0.00% Reduce -52.7% 71,681 $1.0M
Erste Asset Management GmbH 0.01% No change 73,100 $1.0M
Graham Capital Management, L.P. 0.03% Add +90.4% 71,620 $1.0M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -7.3% 66,236 $927K
TrinityBridge Ltd 0.03% No change 64,774 $909K
Focus Partners Wealth 0.00% Add +1.2% 64,706 $907K
MetLife Investment Management, LLC 0.01% No change 64,485 $904K
Manufacturers Life Insurance Company, The 0.00% Reduce -0.3% 57,948 $812K
Legato Capital Management LLC 0.09% No change 56,717 $795K
Verition Fund Management LLC 0.00% New 56,100 $787K
Raymond James Financial Inc. 0.00% Reduce -7.6% 53,623 $752K
New York State Common Retirement Fund 0.00% No change 48,670 $682K
Keybank National Association 0.00% No change 46,515 $652K
Lion Point Capital, LP 4.41% No change 46,300 $649K
Advisors Asset Management, Inc. 0.01% Add +57.1% 44,295 $621K
Wellington Management Group LLP 0.00% Reduce -5.1% 44,267 $621K
Brevan Howard Capital Management LP 0.01% Add +8.2% 43,934 $616K
Diametric Capital, LP 0.29% Add +59.6% 38,858 $545K
XTX Topco Ltd 0.02% Reduce -49.0% 37,555 $527K
Profund Advisors LLC 0.02% Reduce -3.2% 32,669 $458K
Victory Capital Management Inc. 0.00% Add +152.8% 31,864 $447K
Arizona State Retirement System 0.00% Add +3.2% 31,117 $436K
Los Angeles Capital Management LLC 0.00% No change 30,863 $433K
Invst, LLC 0.05% Add +45.6% 30,077 $422K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Reduce -0.4% 29,565 $415K
Voya Investment Management LLC 0.00% Add +1.1% 29,369 $412K
Triumph Capital Management 0.12% New 29,244 $410K
Teacher Retirement System of Texas 0.00% Add +1.5% 28,774 $403K
Inspire Investing, LLC 0.04% Add +33.4% 28,772 $403K
DNB Asset Management AS 0.00% New 28,171 $395K
Perpetual Ltd 0.00% No change 26,520 $372K
ProShare Advisors LLC 0.00% Reduce -7.7% 26,414 $370K
Farallon Capital Management, L.L.C. 0.00% No change 26,000 $365K
CANADA LIFE ASSURANCE Co 0.00% Add +101.5% 25,829 $363K
Trek Financial, LLC 0.02% New 24,970 $350K
Walleye Capital LLC 0.00% Add +3367.2% 24,929 $350K
Bellevue Group AG 0.01% Reduce -32.8% 24,008 $337K
China Universal Asset Management Co., Ltd. 0.03% Add +0.6% 23,941 $336K
Police & Firemen's Retirement System of New Jersey 0.00% No change 23,799 $334K
Oxford Asset Management LLP 0.11% Add +9.1% 23,271 $326K
Mach-1 Financial Group, LLC 0.09% New 22,254 $312K
KLP Kapitalforvaltning As 0.00% Add +17.8% 21,800 $306K
Kestra Private Wealth Services, LLC 0.00% Add +50.3% 21,282 $298K
Rockefeller Capital Management L.P. 0.00% Add +14.3% 21,094 $296K
State Board of Administration of Florida Retirement System 0.00% No change 20,547 $288K
Creative Planning 0.00% Add +8.2% 19,575 $274K
GK Wealth Management LLC 0.26% Add +28.2% 18,801 $264K
Cerity Partners LLC 0.00% Reduce -3.6% 18,660 $262K
Pictet Asset Management Holding SA 0.00% No change 18,557 $260K
LVW Advisors, LLC 0.03% Add +21.4% 17,561 $246K
E Fund Management Co., Ltd. 0.01% Add +14.7% 17,184 $241K
Dauntless Investment Group, LLC 1.12% New 16,951 $238K
Corton Capital Inc. 0.28% New 16,943 $238K
Ieq Capital, LLC 0.00% Reduce -23.4% 16,925 $237K
Commerce Bank 0.00% No change 16,855 $236K
Fiduciary Trust Co 0.00% No change 16,156 $227K
Campbell & CO Investment Adviser LLC 0.01% Reduce -78.5% 16,149 $226K
Tocqueville Asset Management L.P. 0.00% Reduce -3.1% 15,700 $220K
Two Sigma Advisers, LP 0.00% Reduce -77.8% 15,700 $220K
Gsa Capital Partners LLP 0.02% Reduce -28.4% 15,675 $220K
Wealth Enhancement Advisory Services, LLC 0.00% New 15,666 $217K
Prelude Capital Management, LLC 0.02% Reduce -34.1% 15,203 $213K
Jump Financial, LLC 0.00% Reduce -65.3% 14,562 $204K
Silverleafe Capital Partners, LLC 0.07% Reduce -44.7% 14,500 $203K
Bayesian Capital Management, LP 0.03% New 13,900 $195K
Vontobel Holding Ltd. 0.00% No change 13,356 $187K
Cibc World Markets Corp. 0.00% Reduce -44.7% 13,197 $185K
STRS Ohio 0.00% New 12,700 $178K
Quarry LP 0.04% Add +93.7% 12,590 $177K
Tower Research Capital LLC (TRC) 0.00% Add +278.6% 12,414 $174K
State of Wyoming 0.02% Reduce -6.3% 12,398 $174K
Sei Investments Co. 0.00% Reduce -69.3% 12,099 $170K
AlphaQuest LLC 0.02% Add +101.1% 11,921 $167K
BNP Paribas Financial Markets 0.00% Add +38.4% 11,653 $163K
Virtus Advisers, LLC 0.10% No change 11,606 $163K
Wexford Capital LP 0.05% New 11,558 $162K
Kestra Advisory Services, LLC 0.00% New 11,550 $162K
Independent Advisor Alliance 0.00% New 11,312 $159K
Fox Run Management, L.L.C. 0.03% Reduce -62.4% 11,267 $158K
Ameritas Investment Partners, Inc. 0.01% No change 11,245 $158K
Cwm, LLC 0.00% Reduce -0.9% 11,223 $157K
Russell Investments Group, Ltd. 0.00% Add +4562.5% 11,190 $157K
Mariner, LLC 0.00% New 10,343 $145K
Quantbot Technologies LP 0.00% New 10,316 $145K
Syon Capital LLC 0.01% Reduce -5.9% 10,130 $142K
PEAK6 LLC 0.00% No change 10,000 $140K
HSBC Holdings PLC 0.00% Reduce -43.4% 10,057 $139K
Atlas Wealth LLC 0.07% New 10,000 $138K
PNC Financial Services Group, Inc. 0.00% Add +10.2% 8,828 $124K
CIBC Private Wealth Group LLC 0.00% Add +1.7% 8,248 $116K
Virtus Investment Advisers, LLC 0.03% Reduce -48.0% 6,965 $98K
Public Employees Retirement Association of Colorado 0.00% No change 6,577 $92K
Osaic Holdings, Inc. 0.00% Reduce -9.3% 5,991 $84K
C M Bidwell & Associates Ltd. 0.04% No change 5,285 $74K
Mirae Asset Global Investments Co., Ltd. 0.00% Add +14.8% 4,605 $65K
Amalgamated Bank 0.00% No change 3,723 $52K
KBC Group NV 0.00% Reduce -43.1% 3,055 $43K
GF Fund Management Co. LTD. 0.00% No change 2,996 $42K
Signaturefd, LLC 0.00% Reduce -39.8% 2,137 $30K
National Bank of Canada 0.00% New 2,071 $29K
First Command Advisory Services, Inc. 0.00% No change 2,000 $28K
Assetmark, Inc. 0.00% No change 1,860 $26K
Larson Financial Group LLC 0.00% Add +58.7% 1,789 $25K
Comerica Bank 0.00% Add +227.7% 1,642 $23K
Nisa Investment Advisors, LLC 0.00% Reduce -1.3% 1,379 $19K
Truvestments Capital LLC 0.00% New 1,154 $16K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% New 1,046 $15K
Huntington National Bank 0.00% Reduce -3.8% 974 $14K
Walleye Trading LLC 0.00% New 916 $13K
NewEdge Advisors, LLC 0.00% Add +14.3% 800 $11K
GAMMA Investing LLC 0.00% Reduce -30.2% 692 $10K
Optiver Holding B.V. 0.00% Add +68.5% 620 $9K
Arax Advisory Partners 0.00% Add +1090.4% 619 $9K
First Horizon Advisors, Inc. 0.00% No change 516 $7K
Jones Financial Companies LLLP 0.00% New 508 $7K
EverSource Wealth Advisors, LLC 0.00% Add +103.8% 483 $7K
Daiwa Securities Group Inc. 0.00% No change 439 $6K
Brooklyn Investment Group 0.00% Add +2692.9% 391 $5K
Essential Partners LLC 0.00% — 387 $5K
Legacy Investment Solutions, LLC 0.00% — 360 $5K
Legacy Wealth Managment, LLC 0.00% No change 360 $5K
Smartleaf Asset Management LLC 0.00% Add +19.9% 319 $4K
TD Waterhouse Canada Inc. 0.00% No change 318 $4K
SBI Securities Co., Ltd. 0.00% Reduce -77.6% 299 $4K
Avion Wealth 0.00% New 335 $4K
Evelyn Partners Investment Management LLP 0.00% No change 270 $4K
Sterling Capital Management LLC 0.00% Add +125.9% 262 $4K
Blue Bell Private Wealth Management, LLC 0.00% No change 240 $3K
Rothschild Investment LLC 0.00% Reduce -14.3% 240 $3K
Versant Capital Management, Inc 0.00% No change 215 $3K
IFP Advisors, Inc 0.00% Add +1338.5% 187 $3K
SJS Investment Consulting Inc. 0.00% New 138 $2K
Clearstead Advisors, LLC 0.00% New 137 $2K
Parkside Financial Bank & Trust 0.00% Add +48.8% 119 $2K
Steward Partners Investment Advisory, LLC 0.00% New 113 $2K
GPS Wealth Strategies Group, LLC 0.00% No change 80 $1K
Farther Finance Advisors, LLC 0.00% Add +65.9% 73 $1K
US Bancorp \de 0.00% Reduce -47.9% 62 $869
Golden State Wealth Management, LLC 0.00% No change 59 $827
Physician Wealth Advisors, Inc. 0.00% New 46 $645
Allworth Financial LP 0.00% New 23 $323
Twin Peaks Wealth Advisors, LLC 0.00% New 2 $29
Covestor Ltd 0.00% Reduce -10.0% 9 $0

"% of holder's portfolio" is ARQT's weight in each manager's 13F, not the share of Arcutis Biotherapeutics Inc. the manager owns.