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TARS in the 13F filings

Tarsus Pharmaceuticals Inc · CUSIP 87650L103

Sector · Pharmaceuticals and biotechnologyTheme · Biological productsTheme · Healthcare: biopharma and medtech· L3VLUP-defined
Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
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
5,922,952
combined, among listed positions
Reported value
$485m
combined, at the quarter end

Among the 92 comparable managers: 18 buyers (opened or added shares) and 10 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +1,212,811.

Managers listing TARS 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
Janus Henderson Group Ltd1,930,325$158m0.07%Added+491,32617 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,012,357$83munder 0.1%Added+75,35119 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)647,114$53munder 0.1%Added+625,25317 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.615,156$50munder 0.1%Added+16,84917 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc518,780$42munder 0.1%Added+65,92317 Feb 2026 (the filing on sec.gov)
Artisan Partners LP436,576$36m0.05%Trimmed-121,75017 Feb 2026 (the filing on sec.gov)
Millennium Management LLC117,004$9.6munder 0.1%Added+16,43617 Feb 2026 (the filing on sec.gov)
Woodline Partners LP100,154$8.2munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC64,100$5.2munder 0.1%Added+22,50012 Feb 2026 (the filing on sec.gov)
PDT Partners LLC63,026$5.2m0.33%Held017 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP51,487$4.2munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Caxton Associates LLP40,955$3.4m0.07%Newnew13 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP40,654$3.3munder 0.1%Trimmed-30017 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC40,273$3.3munder 0.1%Added+30,79013 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP37,628$3.1munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC25,919$2.1munder 0.1%Trimmed-11,17617 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC23,363$1.9munder 0.1%Trimmed-35,46417 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp22,704$1.9munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC21,833$1.8munder 0.1%Trimmed-59,64613 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC20,674$1.7munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC20,486$1.7munder 0.1%Trimmed-40,13412 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP19,078$1.6munder 0.1%Added+9,10017 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP16,778$1.4munder 0.1%Trimmed-57117 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP9,422$771kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP9,100$745kunder 0.1%Newnew17 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.

New (8)

Exited (2)

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.
5 in Q3 2024 to 4 in Q2 2026

Tracked managers listing it, at least.

0246Q1 2021Q4 2023Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
TARS by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20211$397kn.a.n.a.
Q3 20232$14mn.a.n.a.
Q4 20232$13m02
Q1 20242$31m11
Q2 20242$35m20
Q3 20245$62m50
Q4 20244$46m22
Q1 20251$31m01
Q2 20253$98m21
Q3 20253$122m11
Q4 20254$202m1810
Q1 20264$184m1414
Q2 20264$201m1612

Compare with…

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

TARS and GILD →TARS and AMGN →TARS and ARGX →Choose a stock to compare with TARS →

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 TARS, latest filings →Back to the 13F Explorer →