Free · no sign-up · Q2 2026

Which funds own ARQT

Arcutis Biotherapeutics Inc in the Q2 2026 filings. At least 1 of the 91 current managers on file reported a position, worth $4.1m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 1; at least, of 91 current
Combined value: $4.1m; as reported
Opened: 0; new this quarter
Added to: 0; already held
Trimmed or sold out: 1; 1 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
PDT Partners LLC Quantitative · $1.9bn book	$4.1m	0.2%	155,075	+$400k0	Held

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Farallon Capital Management LLC · Long/short equity$600k held before

Ownership through time

At least 3 of the 95 managers whose filings are on file listed ARQT in Q2 2026, against 1 in Q4 2020. 2 managers fewer than in Q1 2026: 1 started a position; 1 listed it again; 1 sold out, by its own filing; 3 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Holocene Advisors LP$4.3m

Largest increases, by shares

Holocene Advisors LPnew: 163,732 shares+$4.3m

Largest decreases, by shares

No manager on file sold part of it.

Left it

Farallon Capital Management LLCwas $613k

Manager	First listed	Largest	Q2 2026
D. E. Shaw & Co.	Q2 2026	$104m	$104m
Holocene Advisors LP	Q3 2022	$23m	$4.3m
PDT Partners LLC	Q4 2022	$5.0m	$4.1m
Point72 Asset Management LP	Q4 2020	$72m	last listed Q2 2025
Marshall Wace LLP	Q1 2023	$57m	last listed Q1 2026
Janus Henderson Group Ltd	Q2 2025	$53m	last listed Q1 2026
Voloridge Investment Management LLC	Q3 2025	$27m	last listed Q1 2026
Farallon Capital Management LLC	Q1 2024	$18m	last listed Q1 2026
Woodline Partners LP	Q3 2022	$11m	last listed Q1 2025
ExodusPoint Capital Management LP	Q2 2024	$10m	last listed Q2 2024
Schonfeld Strategic Advisors LLC	Q2 2025	$7.3m	last listed Q2 2025
Hudson Bay Capital Management LP	Q1 2024	$2.2m	last listed Q1 2024
Walleye Capital LLC	Q4 2021	$1.7m	last listed Q1 2022

What ARQT is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around ARQT →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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The holdings, every quarter, and the week between

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