Arcutis BiotherapeuticsARQT

13F holders, Q4 2025 (December 31)
283holders +44
65new positions
25sold out
8famous investors
$29.02avg. 13F price*

At the end of Q4 2025, 283 institutions reported holding Arcutis Biotherapeutics Inc. (ARQT) in their 13F filings, up 44 from Q3 2025. 65 opened new positions and 25 sold out. The largest holders were Montanova Capital, LLC ($347.4M), Frazier Life Sciences Management, L.P. ($286.8M) and BlackRock, Inc. ($264.3M). 8 famous investors held it, including David E. Shaw (0.1% of D. E. Shaw & Co.'s portfolio), Ron Baron (0.0% of Baron Capital (BAMCO)'s portfolio) and Steve Cohen (0.0% of Point72 Asset 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 Q3 2025 → Q4 2025

InstitutionsTotal Value
New Positions65$206.8M
Exits25$52.4M

All 13F filers, Q3 2025 → Q4 2025: 20,017,894 shares bought and 16,910,854 shares sold, net +3,107,040 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 283 holders

Montanova Capital, LLC 8.66% Add +14.2% 11,964,000 $347.4M
Frazier Life Sciences Management, L.P. 7.73% No change 9,874,511 $286.8M
BlackRock, Inc. 0.00% Add +6.1% 9,099,579 $264.3M
Rubric Capital Management LP 2.87% Reduce -23.1% 8,271,577 $240.2M
Vanguard Group Inc. 0.00% Add +1.5% 7,253,936 $210.7M
Jennison Associates LLC 0.12% Reduce -44.9% 6,758,006 $196.3M
Polar Capital Holdings Plc 0.74% Add +4.9% 5,556,169 $161.4M
State Street Corp. 0.01% Add +18.3% 5,488,301 $159.4M
Gilder Gagnon Howe & Co. LLC 1.37% Add +0.6% 4,453,856 $129.3M
Morgan Stanley 0.01% Add +1.5% 4,340,239 $126.0M
UBS Group AG 0.02% Add +10.0% 3,243,432 $94.2M
Geode Capital Management, LLC 0.00% Add +5.6% 2,753,307 $80.0M
D. E. Shaw & Co. 0.06% Add +26.6% 2,683,087 $77.9M
Driehaus Capital Management LLC 0.51% Add +133.6% 2,562,445 $74.4M
Ensign Peak Advisors, Inc 0.10% Reduce -4.5% 1,902,390 $55.2M
Franklin Resources Inc. 0.01% Reduce -17.8% 1,900,084 $55.2M
Janus Henderson Group PLC 0.02% Reduce -23.7% 1,830,061 $53.2M
Bank of America Corp. 0.00% Add +88.2% 1,673,454 $48.6M
Goldman Sachs Group Inc. 0.01% Reduce -12.7% 1,576,413 $45.8M
American Century Companies Inc. 0.02% Reduce -11.8% 1,467,176 $42.6M
Nuveen, LLC 0.01% Add +0.9% 1,382,160 $40.1M
Pivotal bioVenture Partners Investment Advisor LLC 15.34% Reduce -35.5% 1,366,624 $39.7M
T. Rowe Price Associates Inc. 0.00% Add +1228.4% 1,166,348 $33.9M
Charles Schwab Investment Management Inc. 0.00% Add +1.5% 1,014,826 $29.5M
GW&K Investment Management, LLC 0.25% Reduce -13.9% 1,008,580 $29.3M
Northern Trust Corp. 0.00% Add +1.6% 955,235 $27.7M
Deutsche Bank AG 0.01% Add +146.4% 930,202 $27.0M
Voloridge Investment Management, LLC 0.09% Add +9.7% 914,020 $26.5M
Perpetual Ltd 0.38% Reduce -55.0% 910,630 $26.4M
Healthcare of Ontario Pension Plan Trust Fund 0.04% New 900,000 $26.1M
Federated Hermes, Inc. 0.04% Add +17.4% 891,767 $25.9M
Oberweis Asset Management Inc./ 0.86% New 808,400 $23.5M
Candriam S.C.A. 0.12% Add +3.2% 803,138 $23.3M
BNP Paribas Financial Markets 0.01% Add +1416.5% 699,803 $20.3M
Qube Research & Technologies Ltd 0.03% Reduce -18.8% 661,415 $19.2M
Nearwater Capital Markets, Ltd 0.31% New 615,000 $17.9M
Aberdeen Group plc 0.03% Reduce -13.1% 586,397 $17.0M
Fishman Jay A Ltd. 1.35% Reduce -0.2% 564,650 $16.4M
MPM Bioimpact LLC 1.77% New 531,200 $15.4M
Baron Capital (BAMCO) 0.04% New 504,700 $14.7M
Cormorant Asset Management, LP 0.82% Reduce -35.5% 500,000 $14.5M
Capitolis Liquid Global Markets LLC 0.09% New 500,000 $14.5M
AQR Capital Management 0.01% Add +13.2% 499,418 $14.5M
Squarepoint Ops LLC 0.03% Add +185.2% 455,876 $13.2M
Marshall Wace, LLP 0.01% Add +2382.2% 454,233 $13.2M
Eversept Partners, LP 0.71% Add +289.9% 434,634 $12.6M
Jump Financial, LLC 0.17% Add +22.9% 430,902 $12.5M
Point72 Asset Management 0.02% New 425,152 $12.3M
Zevenbergen Capital Investments LLC 0.27% New 418,035 $12.1M
First Trust Advisors LP 0.01% Add +79.9% 404,654 $11.8M
Two Sigma Investments, LP 0.02% Add +320.1% 400,862 $11.6M
Barclays PLC 0.00% Add +1.7% 331,578 $9.6M
Jupiter Asset Management Ltd. 0.08% Reduce -50.5% 326,538 $9.5M
Castleark Management LLC 0.26% New 309,430 $9.0M
Invesco Ltd. 0.00% Add +59.3% 307,382 $8.9M
Privium Fund Management B.V. 1.64% No change 305,972 $8.9M
Bank of New York Mellon Corp 0.00% Reduce -2.0% 304,428 $8.8M
Wells Fargo & Company 0.00% Add +170.1% 284,243 $8.3M
Renaissance Technologies 0.01% New 273,999 $8.0M
MYDA Advisors LLC 2.17% Reduce -43.6% 265,000 $7.7M
Millennium Management 0.01% Add +57.7% 236,770 $6.9M
Prudential Financial Inc. 0.01% Add +1585.8% 234,915 $6.8M
Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% Add +170.7% 234,071 $6.8M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Reduce -5.0% 231,734 $6.7M
Stempoint Capital LP 1.12% Reduce -45.4% 224,740 $6.5M
Jane Street Group, LLC 0.01% Reduce -38.6% 221,426 $6.4M
Informed Momentum Co LLC 0.69% New 213,863 $6.2M
Swiss National Bank 0.00% Add +2.4% 212,800 $6.2M
Patient Square Capital LP 1.31% New 210,000 $6.1M
FMR LLC 0.00% Add +22.3% 205,424 $6.0M
Pavaki Capital Management LLC 4.10% — 202,000 $5.9M
Nordea Investment Management AB 0.01% New 201,638 $5.8M
Woodline Partners LP 0.02% Reduce -38.0% 195,033 $5.7M
Hillsdale Investment Management Inc. 0.14% New 179,420 $5.2M
Voleon Capital Management LP 0.11% Add +611.1% 176,600 $5.1M
Norges Bank 0.00% — 174,820 $5.1M
Rafferty Asset Management, LLC 0.02% Add +16.0% 172,066 $5.0M
Walleye Capital LLC 0.03% Add +714.4% 168,604 $4.9M
Rhumbline Advisers 0.00% Reduce -11.9% 161,402 $4.7M
Two Sigma Advisers, LP 0.01% Add +933.8% 156,100 $4.5M
Citadel Advisors 0.00% Reduce -12.5% 155,158 $4.5M
PDT Partners, LLC 0.29% Add +0.6% 155,075 $4.5M
Raymond James Financial Inc. 0.00% Add +141.3% 144,949 $4.2M
Essex Investment Management Co. LLC 0.63% Reduce -28.0% 141,271 $4.1M
Manufacturers Life Insurance Company, The 0.00% Add +124.9% 125,979 $3.6M
Alliancebernstein L.P. 0.00% Add +2.6% 116,360 $3.4M
Kornitzer Capital Management Inc. 0.07% New 113,385 $3.3M
LPL Financial LLC 0.00% Reduce -4.3% 111,874 $3.2M
JPMorgan Chase & Co. 0.00% Add +5.7% 106,488 $3.1M
Tudor Investment Corporation 0.02% Add +51.7% 106,134 $3.1M
Sei Investments Co. 0.00% Add +303.2% 104,286 $3.0M
Legal & General Group Plc 0.00% Reduce -5.0% 104,013 $3.0M
California State Teachers Retirement System 0.00% Reduce -1.8% 102,439 $3.0M
State of Wisconsin Investment Board 0.01% Reduce -19.9% 99,247 $2.9M
Ameriprise Financial Inc. 0.00% Reduce -0.4% 98,826 $2.9M
TD Asset Management Inc 0.00% New 97,200 $2.8M
Lazard Asset Management LLC 0.00% Reduce -66.6% 93,354 $2.7M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -7.5% 88,480 $2.6M
Engineers Gate Manager LP 0.03% Add +87.1% 86,605 $2.5M
Pictet Asset Management Holding SA 0.00% Add +566.4% 87,687 $2.5M
Algert Global LLC 0.04% Reduce -62.4% 86,260 $2.5M
Penserra Capital Management LLC 0.03% New 82,463 $2.4M
Russell Investments Group, Ltd. 0.00% Add +253.3% 78,057 $2.3M
Advisors Asset Management, Inc. 0.04% Add +62.2% 76,598 $2.2M
XTX Topco Ltd 0.06% Add +557.9% 74,358 $2.2M
Erste Asset Management GmbH 0.02% No change 73,100 $2.1M
Jackson Creek Investment Advisors LLC 0.61% Reduce -47.7% 71,035 $2.1M
Focus Partners Wealth 0.00% Add +2.1% 66,573 $1.9M
Victory Capital Management Inc. 0.00% Add +0.6% 66,438 $1.9M
Phocas Financial Corp. 0.24% Reduce -39.3% 64,499 $1.9M
Profund Advisors LLC 0.06% Add +97.1% 64,171 $1.9M
Silverleafe Capital Partners, LLC 0.54% Add +278.8% 62,994 $1.8M
Aquatic Capital Management LLC 0.05% New 60,612 $1.8M
MetLife Investment Management, LLC 0.01% Reduce -6.5% 60,298 $1.8M
Los Angeles Capital Management LLC 0.01% Add +2.4% 64,503 $1.6M
Schroder Investment Management Group 0.00% Add +1.1% 57,136 $1.6M
Citigroup Inc. 0.00% Add +20.1% 55,146 $1.6M
RFG Advisory, LLC 0.03% New 54,307 $1.6M
Calamos Advisors LLC 0.01% New 54,165 $1.6M
Rockefeller Capital Management L.P. 0.00% Add +32.5% 51,585 $1.5M
Intech Investment Management LLC 0.01% No change 50,610 $1.5M
DekaBank Deutsche Girozentrale 0.00% No change 140,000 $1.5M
Ami Asset Management Corp. 0.08% Reduce -48.7% 49,262 $1.4M
Wesbanco Bank Inc. 0.04% Reduce -32.4% 48,500 $1.4M
Mackenzie Financial Corp. 0.00% New 49,025 $1.4M
Wellington Management Group LLP 0.00% Reduce -0.4% 46,188 $1.3M
Legato Capital Management LLC 0.12% Reduce -18.9% 46,028 $1.3M
Dark Forest Capital Management LP 0.06% Add +67.2% 45,758 $1.3M
Jain Global LLC 0.01% New 44,816 $1.3M
New York State Common Retirement Fund 0.00% Reduce -11.8% 42,913 $1.2M
Voya Investment Management LLC 0.00% Add +107.0% 39,884 $1.2M
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Reduce -51.4% 37,059 $1.1M
State of New Jersey Common Pension Fund D 0.00% New 36,833 $1.1M
Fox Run Management, L.L.C. 0.16% Add +27.3% 36,736 $1.1M
SG Americas Securities, LLC 0.00% Add +102.3% 35,229 $1.0M
Handelsbanken Fonder AB 0.00% New 34,300 $996K
Guggenheim Capital LLC 0.01% New 32,512 $944K
Keybank National Association 0.00% Reduce -31.4% 30,883 $897K
OpenArc Corporate Advisory, LLC 0.01% — 30,601 $889K
Invst, LLC 0.10% Reduce -5.0% 30,507 $886K
Vontobel Holding Ltd. 0.00% Add +124.7% 30,004 $871K
Arizona State Retirement System 0.00% Reduce -5.7% 29,868 $867K
Police & Firemen's Retirement System of New Jersey 0.01% Reduce -1.2% 29,244 $849K
D.A. Davidson & Co. 0.01% New 28,743 $835K
DNB Asset Management AS 0.00% Add +3.0% 27,786 $807K
Creative Planning 0.00% Add +11.8% 27,166 $789K
Ellsworth Advisors, LLC 0.16% New 29,887 $788K
Envestnet Asset Management Inc. 0.00% New 26,531 $770K
Mariner, LLC 0.00% Add +69.9% 26,271 $762K
Farallon Capital Management, L.L.C. 0.00% No change 26,000 $755K
Oxford Asset Management LLP 0.26% Reduce -43.7% 25,725 $747K
ProShare Advisors LLC 0.00% Add +13.0% 25,525 $741K
Independent Advisor Alliance 0.02% Add +25.1% 25,303 $735K
Cerity Partners LLC 0.00% Add +7.3% 24,878 $722K
Virtus Investment Advisers, LLC 0.19% Add +179.4% 23,549 $684K
KLP Kapitalforvaltning As 0.00% Add +6.0% 23,100 $671K
Cwm, LLC 0.00% Add +24.0% 22,459 $652K
LVW Advisors, LLC 0.07% Add +7.4% 22,189 $644K
STRS Ohio 0.00% No change 21,400 $621K
State Board of Administration of Florida Retirement System 0.00% No change 20,547 $597K
Harvest Investment Services, LLC 0.11% New 20,499 $595K
Acadian Asset Management LLC 0.00% New 20,112 $583K
China Universal Asset Management Co., Ltd. 0.04% Reduce -5.0% 19,960 $580K
Ieq Capital, LLC 0.00% Add +11.5% 19,555 $568K
Elevated Financial Group LLC 0.20% — 19,458 $565K
TrinityBridge Ltd 0.01% Reduce -50.0% 19,000 $552K
Quantinno Capital Management LP 0.00% New 18,856 $548K
PSP Research LLC 0.47% — 18,716 $544K
Trek Financial, LLC 0.03% New 18,605 $540K
Kestra Private Wealth Services, LLC 0.01% Reduce -5.5% 17,834 $518K
FORA Capital, LLC 0.06% New 16,837 $489K
Wealth Enhancement Advisory Services, LLC 0.00% Add +15.6% 16,432 $480K
Independent Financial Group, LLC 0.01% New 16,458 $478K
Teacher Retirement System of Texas 0.00% Reduce -39.1% 15,980 $464K
Inspire Investing, LLC 0.04% Reduce -35.8% 15,836 $460K
GK Wealth Management LLC 0.32% Reduce -14.8% 14,984 $435K
Tower Research Capital LLC (TRC) 0.01% Add +214.3% 14,884 $432K
OP Asset Management Ltd 0.01% Reduce -0.1% 14,866 $432K
Lighthouse Investment Partners, LLC 0.01% New 14,467 $420K
VIRGINIA RETIREMENT SYSTEMS ET Al 0.00% New 14,250 $414K
Mitsubishi UFJ Trust & Banking Corp 0.00% New 14,208 $413K
PNC Financial Services Group, Inc. 0.00% Add +58.0% 13,597 $395K
Fred Alger Management, LLC 0.00% Add +19.3% 13,304 $386K
Merit Financial Group, LLC 0.00% Add +29.3% 13,017 $378K
S.E.E.D. Planning Group LLC 0.11% No change 13,000 $378K
Sit Investment Associates Inc. 0.01% New 12,950 $376K
Commerce Bank 0.00% Reduce -19.4% 12,883 $374K
Altfest L J & Co. Inc. 0.04% Reduce -23.2% 12,830 $373K
CANADA LIFE ASSURANCE Co 0.00% Reduce -50.4% 12,816 $372K
Financiere des Professionnels - Fonds d'investissement inc. 0.02% New 12,434 $361K
Entropy Technologies, LP 0.02% Add +7.0% 12,144 $353K
Gsa Capital Partners LLP 0.03% Reduce -64.0% 12,125 $352K
Ishara Investments LP 0.41% — 12,000 $348K
State of Wyoming 0.04% Add +163.4% 11,317 $329K
Mutual Advisors, LLC 0.01% New 10,828 $314K
Captrust Financial Advisors 0.00% New 10,679 $310K
Fiduciary Trust Co 0.00% Reduce -34.3% 10,620 $308K
Ballentine Partners, LLC 0.00% New 10,584 $307K
WINTON GROUP Ltd 0.01% New 10,400 $302K
Elo Mutual Pension Insurance Co 0.00% New 10,360 $301K
AlphaQuest LLC 0.02% Reduce -19.3% 10,175 $295K
Syon Capital LLC 0.01% No change 10,007 $291K
Kestra Advisory Services, LLC 0.00% Reduce -6.7% 9,446 $274K
Xponance LLC 0.00% New 9,398 $273K
Man Group plc 0.00% New 8,959 $260K
Ameritas Investment Partners, Inc. 0.01% No change 8,948 $260K
Susquehanna International Group, LLP 0.00% Reduce -86.5% 8,867 $257K
Mercer Global Advisors Inc. 0.00% New 8,785 $255K
Caxton Associates LLP 0.01% New 8,718 $253K
CIBC Private Wealth Group LLC 0.00% No change 8,434 $245K
Brooklyn Investment Group 0.01% New 8,382 $239K
Whalen Wealth Management Inc. 0.12% New 8,013 $233K
Verition Fund Management LLC 0.00% Reduce -79.5% 7,482 $217K
Cibc World Markets Corp. 0.00% — 7,282 $211K
Jones Financial Companies LLLP 0.00% Add +2.9% 7,275 $211K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% Add +527.8% 6,812 $198K
Public Employees Retirement Association of Colorado 0.00% No change 6,577 $191K
Mirae Asset Global Investments Co., Ltd. 0.00% Add +28.4% 5,952 $173K
Osaic Holdings, Inc. 0.00% Add +1.4% 5,498 $160K
C M Bidwell & Associates Ltd. 0.07% Add +1.2% 5,335 $155K
Lion Point Capital, LP 0.79% Reduce -85.1% 5,250 $152K
Royal Bank of Canada 0.00% Reduce -97.3% 4,985 $145K
Amalgamated Bank 0.00% Reduce -7.1% 3,458 $100K
KBC Group NV 0.00% No change 3,055 $89K
Truvestments Capital LLC 0.02% Add +114.2% 3,012 $87K
GF Fund Management Co. LTD. 0.00% Reduce -6.7% 2,406 $70K
Signaturefd, LLC 0.00% Add +0.5% 2,147 $62K
First Command Advisory Services, Inc. 0.00% No change 2,000 $58K
Quadrant Capital Group LLC 0.00% No change 1,550 $45K
NewEdge Advisors, LLC 0.00% Add +209.0% 1,545 $45K
Assetmark, Inc. 0.00% Reduce -18.4% 1,517 $44K
Arax Advisory Partners 0.00% Reduce -77.7% 1,479 $43K
EverSource Wealth Advisors, LLC 0.00% Add +124.0% 1,261 $37K
Nisa Investment Advisors, LLC 0.00% Reduce -11.1% 1,226 $36K
Quarry LP 0.01% Reduce -44.3% 1,200 $35K
Global Retirement Partners, LLC 0.00% New 1,196 $35K
SBI Securities Co., Ltd. 0.00% Add +325.4% 1,089 $32K
GAMMA Investing LLC 0.00% Add +45.5% 1,039 $30K
Nvwm, LLC 0.01% No change 1,000 $29K
Quantbot Technologies LP 0.00% Reduce -88.5% 997 $29K
Triumph Capital Management 0.01% New 900 $26K
Summit Securities Group LLC 0.00% New 822 $24K
Huntington National Bank 0.00% Reduce -20.5% 813 $24K
Smartleaf Asset Management LLC 0.00% Add +2.5% 764 $21K
Allworth Financial LP 0.00% Add +24.1% 727 $21K
Sterling Capital Management LLC 0.00% Add +177.2% 718 $21K
Essential Partners LLC 0.01% Add +24.0% 594 $17K
Farther Finance Advisors, LLC 0.00% Add +97.9% 574 $17K
SJS Investment Consulting Inc. 0.00% Add +283.3% 529 $15K
Rothschild Investment LLC 0.00% Add +6.9% 529 $15K
McGuire Capital Advisors Inc. 0.01% — 510 $15K
CoreCap Advisors, LLC 0.00% New 500 $15K
Optiver Holding B.V. 0.00% Reduce -37.5% 393 $11K
Blue Bell Private Wealth Management, LLC 0.00% No change 369 $11K
Daiwa Securities Group Inc. 0.00% Reduce -0.3% 358 $10K
TD Waterhouse Canada Inc. 0.00% No change 318 $9K
Avion Wealth 0.00% No change 335 $9K
IFP Advisors, Inc 0.00% Add +57.6% 301 $9K
Mark Sheptoff Financial Planning, LLC 0.00% New 300 $9K
Rachor Investment Advisory Services, LLC 0.00% — 275 $8K
Evelyn Partners Investment Management LLP 0.00% No change 270 $8K
US Bancorp \de 0.00% New 261 $8K
Kemnay Advisory Services Inc. 0.00% New 222 $6K
Larson Financial Group LLC 0.00% Add +16.7% 217 $6K
Prestige Wealth Management Group LLC 0.00% New 190 $6K
Sound Income Strategies, LLC 0.00% New 186 $5K
Bessemer Group Inc. 0.00% No change 138 $4K
HM Payson & Co. 0.00% New 135 $4K
Parkside Financial Bank & Trust 0.00% No change 119 $3K
Steward Partners Investment Advisory, LLC 0.00% No change 113 $3K
Commonwealth Retirement Investments LLC 0.00% New 100 $3K
Comerica Bank 0.00% Reduce -29.6% 95 $3K
True Wealth Design, LLC 0.00% No change 80 $2K
Versant Capital Management, Inc 0.00% Reduce -62.8% 80 $2K
Golden State Wealth Management, LLC 0.00% No change 59 $2K
SageView Advisory Group, LLC 0.00% New 47 $1K
Physician Wealth Advisors, Inc. 0.00% No change 46 $1K
Sunbelt Securities, Inc. 0.00% No change 22 $639
Clearstead Advisors, LLC 0.00% Reduce -89.8% 20 $581
MAI Capital Management 0.00% New 16 $465
Parallel Advisors, LLC 0.00% New 2 $58
Root Financial Partners, LLC 0.00% New 1 $29
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.