L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
28
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 3 listed it in both
Shares listed
25,207,252
combined, among listed positions
Reported value
$285m
combined, at the quarter end

Among the 92 comparable managers: 22 buyers (opened or added shares) and 10 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +4,123,278.

Managers listing BHVN in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

28 of 28 holders

ActionFiling
D. E. Shaw & Co.2,694,234$30munder 0.1%Added+1,427,44217 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)2,682,234$30munder 0.1%Added+255,33017 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc2,018,550$23munder 0.1%Added+8,93917 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,743,993$20munder 0.1%Added+746,20017 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC1,606,777$18m0.08%Added+1,565,89117 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC1,591,054$18munder 0.1%Added+1,210,18017 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC1,460,108$16munder 0.1%Added+1,246,84117 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd1,407,365$16munder 0.1%Trimmed-5,364,74817 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors1,332,792$15munder 0.1%Added+321,26211 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,324,247$15munder 0.1%Added+356,09417 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC1,318,775$15m0.05%Added+1,165,13717 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP1,259,031$14munder 0.1%Added+459,43117 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP1,192,026$13m0.11%Added+1,025,16817 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC854,424$9.6munder 0.1%Added+783,56913 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC839,517$9.5munder 0.1%Added+40,23912 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP387,799$4.4munder 0.1%Added+306,79917 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP358,700$4.0munder 0.1%Added+145,90017 Feb 2026 (the filing on sec.gov)
Woodline Partners LP300,389$3.4munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Capital World Investors250,000$2.8munder 0.1%Held011 Feb 2026 (the filing on sec.gov)
Invesco Ltd194,751$2.2munder 0.1%Added+72,23019 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP96,236$1.1munder 0.1%Trimmed-15617 Feb 2026 (the filing on sec.gov)
PDT Partners LLC84,700$956k0.06%Newnew17 Feb 2026 (the filing on sec.gov)
Winton Group Ltd64,028$723kunder 0.1%Added+36,92911 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP56,610$639kunder 0.1%Trimmed-709,26417 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP30,027$339kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
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Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
9 in Q3 2024 to 5 in Q2 2026

Tracked managers listing it, at least.

035810Q3 2022Q1 2023Q3 2023Q1 2024Q3 2024Q1 2025Q3 2025Q1 2026Q2 2026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BHVN by quarter
QuarterHoldersReported valueBuyersSellers
Q3 20223$180mn.a.n.a.
Q4 20228$159mn.a.n.a.
Q1 20238$178mn.a.n.a.
Q2 202310$272mn.a.n.a.
Q3 20237$293mn.a.n.a.
Q4 20239$638m61
Q1 20248$741m35
Q2 20246$384m51
Q3 20249$861m53
Q4 20246$533m32
Q1 20255$344m22
Q2 20254$120m32
Q3 20253$128m21
Q4 20255$62m2210
Q1 20264$173m1612
Q2 20265$273m1316

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

BHVN and LLY →BHVN and JNJ →BHVN and VRTX →Choose a stock to compare with BHVN →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own BHVN, latest filings →Back to the 13F Explorer →