Arcutis BiotherapeuticsARQT

13F holders, Q3 2025 (September 30)
239holders +9
33new positions
20sold out
5famous investors
$18.85avg. 13F price*

At the end of Q3 2025, 239 institutions reported holding Arcutis Biotherapeutics Inc. (ARQT) in their 13F filings, up 9 from Q2 2025. 33 opened new positions and 20 sold out. The largest holders were Jennison Associates LLC ($231.0M), Rubric Capital Management LP ($202.6M) and Montanova Capital, LLC ($197.5M). 5 famous investors held it, including David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio), Paul Tudor Jones (0.0% of Tudor Investment Corporation's portfolio) and Cliff Asness (0.0% of AQR Capital 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 Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions33$33.5M
Exits20$31.6M

All 13F filers, Q2 2025 → Q3 2025: 8,961,282 shares bought and 10,034,293 shares sold, net −1,073,011 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 239 holders

Jennison Associates LLC 0.13% Add +10.3% 12,254,119 $231.0M
Rubric Capital Management LP 2.72% No change 10,749,457 $202.6M
Montanova Capital, LLC 5.99% Reduce -9.2% 10,478,000 $197.5M
Frazier Life Sciences Management, L.P. 5.59% No change 9,874,511 $186.1M
BlackRock, Inc. 0.00% Add +0.5% 8,573,995 $161.6M
Vanguard Group Inc. 0.00% Add +1.4% 7,146,090 $134.7M
Polar Capital Holdings Plc 0.48% Add +5.8% 5,298,754 $99.9M
State Street Corp. 0.00% Add +2.5% 4,641,315 $87.5M
Gilder Gagnon Howe & Co. LLC 0.85% Add +6.6% 4,429,108 $83.5M
Morgan Stanley 0.00% Reduce -0.9% 4,276,394 $80.6M
UBS Group AG 0.01% Add +0.4% 2,948,438 $55.6M
Geode Capital Management, LLC 0.00% Add +0.9% 2,606,465 $49.1M
Janus Henderson Group PLC 0.02% Add +5.9% 2,398,031 $45.2M
Franklin Resources Inc. 0.01% Reduce -15.4% 2,311,019 $43.6M
Pivotal bioVenture Partners Investment Advisor LLC 23.11% No change 2,120,508 $40.0M
D. E. Shaw & Co. 0.03% Reduce -2.0% 2,118,713 $39.9M
Perpetual Ltd 0.47% Add +7534.3% 2,024,606 $38.2M
Ensign Peak Advisors, Inc 0.06% Reduce -0.4% 1,993,055 $37.6M
Goldman Sachs Group Inc. 0.00% Reduce -4.5% 1,804,988 $34.0M
American Century Companies Inc. 0.02% Reduce -3.6% 1,662,470 $31.3M
Nuveen, LLC 0.01% Add +79.0% 1,370,356 $25.8M
GW&K Investment Management, LLC 0.20% Reduce -15.0% 1,172,041 $22.1M
Driehaus Capital Management LLC 0.15% Add +1.0% 1,097,004 $20.7M
Charles Schwab Investment Management Inc. 0.00% Add +3.6% 999,434 $18.8M
Northern Trust Corp. 0.00% Add +1.2% 940,202 $17.7M
Bank of America Corp. 0.00% Reduce -26.1% 889,285 $16.8M
Voloridge Investment Management, LLC 0.05% New 833,490 $15.7M
Qube Research & Technologies Ltd 0.02% Add +41.0% 814,567 $15.4M
Candriam S.C.A. 0.08% Reduce -1.6% 778,044 $14.7M
Cormorant Asset Management, LP 1.01% Reduce -22.5% 775,000 $14.6M
Federated Hermes, Inc. 0.03% Add +3.0% 759,573 $14.3M
Aberdeen Group plc 0.02% No change 675,034 $12.7M
Jupiter Asset Management Ltd. 0.11% Add +59.8% 659,331 $12.4M
Fishman Jay A Ltd. 0.91% Add +1.7% 565,650 $10.7M
Tejara Capital Ltd 5.38% Reduce -40.4% 520,503 $9.8M
MYDA Advisors LLC 2.68% Add +27.0% 470,000 $8.9M
AQR Capital Management 0.01% Add +17.6% 441,315 $8.3M
Stempoint Capital LP 1.57% Add +100.3% 411,893 $7.8M
Deutsche Bank AG 0.00% Add +2.8% 377,528 $7.1M
Jane Street Group, LLC 0.01% Add +183.8% 360,770 $6.8M
PFM Health Sciences, LP 0.59% Reduce -61.0% 360,460 $6.8M
J. Goldman & Co LP 0.25% Reduce -58.9% 353,644 $6.7M
Jump Financial, LLC 0.09% Add +2306.8% 350,485 $6.6M
Barclays PLC 0.00% Reduce -17.3% 325,968 $6.1M
Simplify Asset Management Inc. 0.12% Reduce -22.3% 317,997 $6.0M
Woodline Partners LP 0.03% Add +53.1% 314,619 $5.9M
Bank of New York Mellon Corp 0.00% Add +1.8% 310,620 $5.9M
Privium Fund Management B.V. 1.04% Reduce -11.2% 305,972 $5.8M
Lazard Asset Management LLC 0.01% Reduce -27.6% 279,619 $5.3M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Reduce -39.7% 244,015 $4.6M
Ally Bridge Group (NY) LLC 3.68% New 233,220 $4.4M
Algert Global LLC 0.07% Add +132.3% 229,392 $4.3M
First Trust Advisors LP 0.00% Reduce -34.1% 224,965 $4.2M
Avidity Partners Management LP 0.92% Reduce -20.0% 214,400 $4.0M
Swiss National Bank 0.00% Add +1.9% 207,900 $3.9M
Vestal Point Capital, LP 0.17% Add +110.5% 200,000 $3.8M
Essex Investment Management Co. LLC 0.57% Add +3.6% 196,262 $3.7M
Invesco Ltd. 0.00% Add +93.5% 192,952 $3.6M
Schonfeld Strategic Advisors LLC 0.03% Reduce -63.6% 189,555 $3.6M
Royal Bank of Canada 0.00% Reduce -28.6% 188,280 $3.5M
Rhumbline Advisers 0.00% Reduce -1.6% 183,129 $3.5M
Citadel Advisors 0.00% Add +21.8% 177,268 $3.3M
FMR LLC 0.00% Add +11.4% 167,974 $3.2M
Squarepoint Ops LLC 0.01% Reduce -4.8% 159,847 $3.0M
PDT Partners, LLC 0.18% Reduce -19.3% 154,108 $2.9M
Millennium Management 0.00% Reduce -83.5% 150,099 $2.8M
Rafferty Asset Management, LLC 0.01% Reduce -3.9% 148,295 $2.8M
Jackson Creek Investment Advisors LLC 0.74% Reduce -0.0% 135,819 $2.6M
State of Wisconsin Investment Board 0.01% Add +37.9% 123,961 $2.3M
LPL Financial LLC 0.00% Reduce -3.9% 116,924 $2.2M
Alliancebernstein L.P. 0.00% No change 113,360 $2.1M
Eversept Partners, LP 0.16% New 111,466 $2.1M
Legal & General Group Plc 0.00% Reduce -1.9% 109,444 $2.1M
Phocas Financial Corp. 0.26% Add +2.2% 106,307 $2.0M
Wells Fargo & Company 0.00% Reduce -46.4% 105,257 $2.0M
California State Teachers Retirement System 0.00% Add +6.8% 104,340 $2.0M
JPMorgan Chase & Co. 0.00% Reduce -81.6% 100,794 $1.9M
Ameriprise Financial Inc. 0.00% Add +0.1% 99,185 $1.9M
Ami Asset Management Corp. 0.10% Reduce -15.6% 96,091 $1.8M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Add +44.4% 95,625 $1.8M
Two Sigma Investments, LP 0.00% Add +33.1% 95,429 $1.8M
T. Rowe Price Associates Inc. 0.00% Add +4.5% 87,802 $1.7M
Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% New 86,485 $1.6M
Stifel Financial Corp. 0.00% Reduce -11.5% 79,805 $1.5M
DekaBank Deutsche Girozentrale 0.00% No change 140,000 $1.4M
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Add +157.7% 76,181 $1.4M
Erste Asset Management GmbH 0.01% No change 73,100 $1.4M
Wesbanco Bank Inc. 0.04% Reduce -30.2% 71,700 $1.4M
Tudor Investment Corporation 0.01% New 69,980 $1.3M
Cubist Systematic Strategies, LLC 0.02% New 66,080 $1.2M
Victory Capital Management Inc. 0.00% Add +107.3% 66,044 $1.2M
Focus Partners Wealth 0.00% Add +0.8% 65,196 $1.2M
Susquehanna International Group, LLP 0.00% Reduce -74.9% 65,596 $1.2M
MetLife Investment Management, LLC 0.01% No change 64,485 $1.2M
Los Angeles Capital Management LLC 0.00% Add +104.2% 63,025 $1.2M
Raymond James Financial Inc. 0.00% Add +12.0% 60,074 $1.1M
Legato Capital Management LLC 0.12% No change 56,717 $1.1M
Manufacturers Life Insurance Company, The 0.00% Reduce -3.3% 56,023 $1.1M
Schroder Investment Management Group 0.00% New 56,542 $1.1M
Intech Investment Management LLC 0.01% Reduce -41.3% 50,610 $954K
New York State Common Retirement Fund 0.00% No change 48,670 $917K
Advisors Asset Management, Inc. 0.02% Add +6.6% 47,232 $890K
Wellington Management Group LLP 0.00% Add +4.8% 46,389 $874K
Engineers Gate Manager LP 0.01% Reduce -52.6% 46,283 $872K
BNP Paribas Financial Markets 0.00% Add +296.0% 46,146 $870K
Johnson Investment Counsel Inc. 0.01% New 1,600 $866K
Citigroup Inc. 0.00% Reduce -87.2% 45,911 $865K
Oxford Asset Management LLP 0.28% Add +96.3% 45,678 $861K
Keybank National Association 0.00% Reduce -3.2% 45,015 $849K
Campbell & CO Investment Adviser LLC 0.06% Add +146.9% 39,879 $752K
Rockefeller Capital Management L.P. 0.00% Add +84.6% 38,939 $734K
TrinityBridge Ltd 0.02% Reduce -41.3% 38,000 $716K
Y-Intercept (Hong Kong) Ltd 0.02% New 37,869 $714K
Verition Fund Management LLC 0.00% Reduce -35.0% 36,494 $688K
Lion Point Capital, LP 3.78% Reduce -23.8% 35,300 $665K
Graham Capital Management, L.P. 0.04% Reduce -50.7% 35,278 $665K
Gsa Capital Partners LLP 0.05% Add +114.9% 33,692 $635K
Profund Advisors LLC 0.02% Reduce -0.3% 32,556 $614K
Invst, LLC 0.07% Add +6.8% 32,107 $605K
Arizona State Retirement System 0.00% Add +1.8% 31,685 $597K
Diametric Capital, LP 0.22% Reduce -19.0% 31,477 $593K
Police & Firemen's Retirement System of New Jersey 0.00% Add +24.4% 29,611 $558K
Fox Run Management, L.L.C. 0.08% Add +156.1% 28,849 $544K
Dark Forest Capital Management LP 0.02% New 27,367 $516K
DNB Asset Management AS 0.00% Reduce -4.2% 26,984 $509K
Teacher Retirement System of Texas 0.00% Reduce -8.8% 26,257 $495K
Farallon Capital Management, L.L.C. 0.00% No change 26,000 $490K
Sei Investments Co. 0.00% Add +113.8% 25,863 $488K
CANADA LIFE ASSURANCE Co 0.00% No change 25,829 $481K
Brevan Howard Capital Management LP 0.01% Reduce -42.6% 25,201 $475K
Voleon Capital Management LP 0.01% New 24,835 $468K
Inspire Investing, LLC 0.05% Reduce -14.2% 24,676 $465K
Creative Planning 0.00% Add +24.1% 24,299 $458K
Bayesian Capital Management, LP 0.09% Add +72.7% 24,000 $452K
Cerity Partners LLC 0.00% Add +24.2% 23,178 $437K
ProShare Advisors LLC 0.00% Reduce -14.5% 22,584 $426K
Russell Investments Group, Ltd. 0.00% Add +97.5% 22,096 $417K
KLP Kapitalforvaltning As 0.00% No change 21,800 $411K
Trexquant Investment LP 0.00% New 21,590 $407K
STRS Ohio 0.00% Add +68.5% 21,400 $403K
OMERS ADMINISTRATION Corp 0.00% New 21,200 $400K
China Universal Asset Management Co., Ltd. 0.03% Reduce -12.2% 21,018 $396K
Walleye Capital LLC 0.00% Reduce -17.0% 20,702 $390K
LVW Advisors, LLC 0.04% Add +17.6% 20,654 $389K
State Board of Administration of Florida Retirement System 0.00% No change 20,547 $387K
Independent Advisor Alliance 0.01% Add +78.9% 20,234 $381K
Voya Investment Management LLC 0.00% Reduce -34.4% 19,264 $363K
Kestra Private Wealth Services, LLC 0.00% Reduce -11.3% 18,866 $356K
Marshall Wace, LLP 0.00% New 18,300 $345K
Cwm, LLC 0.00% Add +61.4% 18,117 $342K
GK Wealth Management LLC 0.25% Reduce -6.5% 17,585 $331K
Ieq Capital, LLC 0.00% Add +3.6% 17,540 $331K
SG Americas Securities, LLC 0.00% New 17,415 $328K
Altfest L J & Co. Inc. 0.04% New 16,712 $315K
Silverleafe Capital Partners, LLC 0.10% Add +14.7% 16,628 $313K
Fiduciary Trust Co 0.00% No change 16,156 $305K
Commerce Bank 0.00% Reduce -5.2% 15,980 $301K
Wealth Enhancement Advisory Services, LLC 0.00% Reduce -9.3% 14,211 $292K
Mariner, LLC 0.00% Add +49.5% 15,466 $292K
Two Sigma Advisers, LP 0.00% Reduce -3.8% 15,100 $285K
OP Asset Management Ltd 0.00% New 14,876 $280K
Prudential Financial Inc. 0.00% Reduce -97.7% 13,935 $263K
Vontobel Holding Ltd. 0.00% No change 13,356 $252K
Pictet Asset Management Holding SA 0.00% Reduce -29.1% 13,159 $248K
S.E.E.D. Planning Group LLC 0.07% New 13,000 $245K
PharVision Advisers, LLC 0.14% New 12,999 $245K
AlphaQuest LLC 0.02% Add +5.7% 12,603 $238K
CIBC Bancorp USA Inc. 0.00% — 11,417 $215K
Entropy Technologies, LP 0.02% New 11,352 $214K
XTX Topco Ltd 0.01% Reduce -69.9% 11,303 $213K
Fred Alger Management, LLC 0.00% New 11,155 $210K
Corton Capital Inc. 0.47% Reduce -40.2% 10,130 $191K
Kestra Advisory Services, LLC 0.00% Reduce -12.4% 10,120 $191K
Merit Financial Group, LLC 0.00% New 10,065 $190K
Syon Capital LLC 0.01% Reduce -1.2% 10,007 $189K
Cookson Peirce & Co. Inc. 0.01% New 10,000 $189K
Ameritas Investment Partners, Inc. 0.01% Reduce -20.4% 8,948 $169K
Quantbot Technologies LP 0.00% Reduce -16.3% 8,638 $163K
PNC Financial Services Group, Inc. 0.00% Reduce -2.5% 8,606 $162K
CIBC Private Wealth Group LLC 0.00% Add +2.3% 8,434 $159K
Virtus Investment Advisers, LLC 0.05% Add +21.0% 8,429 $159K
Arax Advisory Partners 0.00% Add +970.6% 6,627 $125K
Jones Financial Companies LLLP 0.00% Add +1291.1% 7,067 $124K
Public Employees Retirement Association of Colorado 0.00% No change 6,577 $124K
C M Bidwell & Associates Ltd. 0.05% Reduce -0.3% 5,270 $99K
Tower Research Capital LLC (TRC) 0.00% Reduce -61.9% 4,736 $89K
Mirae Asset Global Investments Co., Ltd. 0.00% Add +0.7% 4,636 $87K
Osaic Holdings, Inc. 0.00% Reduce -9.5% 5,423 $87K
State of Wyoming 0.01% Reduce -65.3% 4,297 $81K
Wexford Capital LP 0.02% Reduce -66.7% 3,849 $73K
Amalgamated Bank 0.00% No change 3,723 $70K
KBC Group NV 0.00% No change 3,055 $58K
GF Fund Management Co. LTD. 0.00% Reduce -13.9% 2,580 $49K
Federation des caisses Desjardins du Quebec 0.00% New 2,300 $43K
Quarry LP 0.01% Reduce -82.9% 2,154 $41K
Signaturefd, LLC 0.00% No change 2,137 $40K
First Command Advisory Services, Inc. 0.00% No change 2,000 $38K
Assetmark, Inc. 0.00% No change 1,860 $35K
Quadrant Capital Group LLC 0.00% New 1,550 $29K
Point72 (DIFC) Ltd 0.00% New 1,515 $29K
Truvestments Capital LLC 0.00% Add +21.8% 1,406 $27K
Nisa Investment Advisors, LLC 0.00% No change 1,379 $26K
Point72 Asia (Singapore) Pte. Ltd. 0.00% New 1,160 $22K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% Add +3.7% 1,085 $20K
Huntington National Bank 0.00% Add +5.0% 1,023 $19K
Nvwm, LLC 0.00% New 1,000 $19K
Smartleaf Asset Management LLC 0.00% Add +133.5% 745 $14K
GAMMA Investing LLC 0.00% Add +3.2% 714 $13K
Optiver Holding B.V. 0.00% Add +1.4% 629 $12K
Allworth Financial LP 0.00% Add +2447.8% 586 $11K
EverSource Wealth Advisors, LLC 0.00% Add +16.6% 563 $11K
NewEdge Advisors, LLC 0.00% Reduce -37.5% 500 $9K
Rothschild Investment LLC 0.00% Add +106.3% 495 $9K
Essential Partners LLC 0.00% Add +23.8% 479 $9K
Daiwa Securities Group Inc. 0.00% Reduce -18.2% 359 $7K
Blue Bell Private Wealth Management, LLC 0.00% Add +53.8% 369 $7K
TD Waterhouse Canada Inc. 0.00% No change 318 $6K
Avion Wealth 0.00% No change 335 $6K
Farther Finance Advisors, LLC 0.00% Add +297.3% 290 $5K
Evelyn Partners Investment Management LLP 0.00% No change 270 $5K
Sterling Capital Management LLC 0.00% Reduce -1.1% 259 $5K
SBI Securities Co., Ltd. 0.00% Reduce -14.4% 256 $5K
Versant Capital Management, Inc 0.00% No change 215 $4K
Clearstead Advisors, LLC 0.00% Add +43.1% 196 $4K
IFP Advisors, Inc 0.00% Add +2.1% 191 $4K
Mather Group, Llc. 0.00% New 190 $4K
Larson Financial Group LLC 0.00% Reduce -89.6% 186 $4K
Bessemer Group Inc. 0.00% New 138 $3K
SJS Investment Consulting Inc. 0.00% No change 138 $3K
Comerica Bank 0.00% Reduce -91.8% 135 $3K
Parkside Financial Bank & Trust 0.00% No change 119 $2K
Steward Partners Investment Advisory, LLC 0.00% No change 113 $2K
True Wealth Design, LLC 0.00% New 80 $2K
GPS Wealth Strategies Group, LLC 0.00% No change 80 $2K
Golden State Wealth Management, LLC 0.00% No change 59 $1K
Physician Wealth Advisors, Inc. 0.00% No change 46 $868
Sunbelt Securities, Inc. 0.00% New 22 $415
Advisory Services Network, LLC 0.00% New 19 $358
Covestor Ltd 0.00% No change 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.