Arcutis Biotherapeutics, Inc.
ARQT • NASDAQ
Arcutis Biotherapeutics, Inc. is a biotechnology company in the healthcare sector on NASDAQ, led by David Topper, with a market cap of $3.6B. As of Q3 2025, 105% of shares are held by 232 institutional investors, with JENNISON ASSOCIATES LLC as the largest holder at 10.22%.
Chief Executive OfficerDavid Topper
Market Cap$3.6B
Biotechnology
Healthcare
Employees296.0
Websitearcutis.com
Country
United States of America
Overview
Overview of institutional ownership in ARQT as of Q3 2025 with a market cap of $2.3B
All Institutions
- Institutions
- 232
- Value Held
- $2.4B
- Shares Held
- 125.8M
- Avg Position
- $10.2M
- Median Position
- $624.4K
Hedge Funds
- Hedge Funds
- 42
- Value Held
- $541.7M
- Shares Held
- 28.7M
- Avg Position
- $12.9M
- Median Position
- $1.9M
Ownership Breakdown
Based on market cap of $2.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in ARQT as of Q3 2025
| Institution | Position Value |
|---|---|
 JENNISON ASSOCIATES LLC Long Only Manager | $231.0M 0.13% of portfolio |
R Rubric Capital Management LP Hedge Fund•Long/Short | $202.6M 2.92% of portfolio |
 SUVRETTA CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short | $197.5M 5.99% of portfolio |
 Frazier Life Sciences Management, L.P. Venture Capital | $186.1M 5.58% of portfolio |
B BlackRock, Inc. Institution | $161.6M 0.00% of portfolio |
 VANGUARD GROUP INC Institution | $134.7M 0.00% of portfolio |
 Polar Capital Holdings Plc Long Only Manager | $99.9M 0.48% of portfolio |
 STATE STREET CORP Institution | $87.5M 0.00% of portfolio |
 GILDER GAGNON HOWE & CO LLC RIA/Wealth | $83.5M 0.85% of portfolio |
 MORGAN STANLEY RIA/Wealth | $80.6M 0.00% of portfolio |
Net Capital Flow
Institutional buying and selling activity for ARQT in Q3 2025
- Traded
- +$2.2M
- Buyers
- 120
- Sellers
- 100
- Total Bought
- +$168.8M
- Total Sold
- −$166.7M
- Avg Position
- $9.4M
Biggest Buyers
| Institution | Net Bought |
|---|---|
P Perpetual Ltd Institution | +$37.7M +2.0M shares |
JENNISON ASSOCIATES LLC Long Only Manager | +$21.6M +1.1M shares |
 VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy | +$15.7M +833.5K shares |
N Nuveen, LLC Institution | +$11.4M +604.8K shares |
J Jump Financial, LLC Institution | +$6.3M +335.9K shares |
Polar Capital Holdings Plc Long Only Manager | +$5.5M +292.3K shares |
GILDER GAGNON HOWE & CO LLC RIA/Wealth | +$5.2M +273.3K shares |
 JUPITER ASSET MANAGEMENT LTD Long Only Manager | +$4.6M +246.6K shares |
Q Qube Research & Technologies Ltd Institution | +$4.5M +237.1K shares |
J JANE STREET GROUP, LLC Institution | +$4.4M +233.6K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy | −$20.8M −1.5M shares |
SUVRETTA CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short | −$19.9M −1.1M shares |
 MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | −$14.3M −760.7K shares |
 Partner Fund Management, L.P. Hedge Fund•Sector | −$10.6M −562.9K shares |
J J. Goldman & Co LP Hedge Fund•Multi-Strategy | −$9.5M −506.6K shares |
 JPMORGAN CHASE & CO Institution | −$8.4M −448.0K shares |
 FRANKLIN RESOURCES INC Institution | −$8.0M −421.8K shares |
T Tejara Capital Ltd Institution | −$6.7M −352.9K shares |
 Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy | −$6.2M −330.7K shares |
 CITIGROUP INC Institution | −$5.9M −313.5K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited ARQT in Q3 2025
- New Positions
- 9
- New Value
- $7.2M
- Exited Positions
- 19
- Exited Value
- $31.1M
New Positions
| Institution | Position Value |
|---|---|
 Ally Bridge Group LLC Hedge Fund•Sector | $4.4M 233.2K shares |
$1.6M 86.5K shares | |
 Voleon Capital Management LP Hedge Fund•Quant | $468.1K 24.8K shares |
 S.E.E.D. Planning Group LLC RIA/Wealth | $245.1K 13.0K shares |
P PharVision Advisers, LLC Hedge Fund•Long/Short | $245.0K 13.0K shares |
 Merit Financial Group, LLC RIA/Wealth | $189.7K 10.1K shares |
 Federation des caisses Desjardins du Quebec Fund of Funds | $43.4K 2.3K shares |
N NVWM, LLC Institution | $18.9K 1.0K shares |
 Sunbelt Securities, Inc. RIA/Wealth | $415.0 22.0 shares |
Exited Positions
| Institution | Previous Position |
|---|---|
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy | $20.8M 1.5M shares |
R ROYCE & ASSOCIATES LLC Institution | $5.3M 374.5K shares |
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy | $2.8M 200.3K shares |
 BCJ Capital Management, LLC RIA/Wealth | $350.1K 25.0K shares |
B Bellevue Group AG Institution | $336.6K 24.0K shares |
 Mach-1 Financial Group, Inc. RIA/Wealth | $312.0K 22.3K shares |
D Dauntless Investment Group, LLC Institution | $237.7K 17.0K shares |
 TOCQUEVILLE ASSET MANAGEMENT L.P. Long Only Manager | $220.1K 15.7K shares |
 SPRINGBOK CAPITAL MANAGEMENT, LLC Fund of Funds | $213.1K 15.2K shares |
P PEAK6 LLC Institution | $140.2K 10.0K shares |
Options Activity
Institutions with the largest Call and Put options positions in ARQT as of Q3 2025
- Call Positions
- 7
- Call Value
- $7.6M
- Put Positions
- 5
- Put Value
- $2.5M
Call Positions
| Institution | Position Value |
|---|---|
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $2.5M 1.3K contracts |
M MYDA Advisors LLC Hedge Fund•Long/Short | $1.9M 1.0K contracts |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $1.2M 654.0 contracts |
J JANE STREET GROUP, LLC Institution | $891.6K 473.0 contracts |
 Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | $569.3K 302.0 contracts |
 Walleye Trading LLC RIA/Wealth | $529.7K 281.0 contracts |
 BARCLAYS PLC Institution | - - contracts |
Put Positions
| Institution | Position Value |
|---|---|
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $1.6M 832.0 contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $510.8K 271.0 contracts |
J JANE STREET GROUP, LLC Institution | $265.8K 141.0 contracts |
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | $94.3K 50.0 contracts |
Walleye Trading LLC RIA/Wealth | $64.1K 34.0 contracts |
Most Committed Institutions
Institutions with ARQT as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
23.11% $40.0M | |
SUVRETTA CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short | 5.99% $197.5M |
Frazier Life Sciences Management, L.P. Venture Capital | 5.58% $186.1M |
T Tejara Capital Ltd Institution | 5.38% $9.8M |
L Lion Point Capital, LP Hedge Fund•Event Driven | 3.78% $665.4K |
Ally Bridge Group LLC Hedge Fund•Sector | 3.68% $4.4M |
R Rubric Capital Management LP Hedge Fund•Long/Short | 2.92% $202.6M |
M MYDA Advisors LLC Hedge Fund•Long/Short | 2.90% $8.9M |
 StemPoint Capital LP Hedge Fund•Long/Short | 1.57% $7.8M |
C Cormorant Asset Management, LLC Hedge Fund•Long/Short | 1.14% $14.6M |
Hedge Fund Spotlight
Discover hedge funds investing in ARQT
Walleye Trading Advisors, LLC
Hedge Fund • Multi-Strategy
Portfolio ManagerWilliam Dunning England
- Portfolio Value
- $11.2B
- Positions
- 1,691
- Last Reported
- Q3 2025
Sector Allocation
Position in Arcutis Biotherapeutics, Inc.
- Market Value
- $390.2K
- Shares Held
- 20.7K
- Portfolio Weight
- 0.00%
- Owned Since
- 2025-Q1
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Semiconductors Technology | $463.8M | 4.15% | |
Specialty Retail Consumer Cyclical | $346.6M | 3.10% | |
Auto - Manufacturers Consumer Cyclical | $288.5M | 2.58% |
