Coherus BioSciences

CHRS • NASDAQ

Coherus BioSciences is a biotechnology company in the healthcare sector on NASDAQ, led by Dennis M. Lanfear, with a market cap of $163.2M. As of Q3 2025, 44% of shares are held by 111 institutional investors, with BlackRock, Inc. as the largest holder at 9.0%.

President, Chief Executive Officer and Chairman of the BoardDennis M. Lanfear

Market Cap$163.2M

Biotechnology

Healthcare

Employees306.0

Websitecoherus.com

Country

United States of America

Overview

Overview of institutional ownership in CHRS as of Q3 2025 with a market cap of $190.6M

All Institutions

Institutions: 111
Value Held: $84.7M
Shares Held: 51.6M
Avg Position: $762.9K
Median Position: $58.1K

Hedge Funds

Hedge Funds: 8
Value Held: $5.7M
Shares Held: 3.5M
Avg Position: $718.1K
Median Position: $300.8K

Ownership Breakdown

Institutional (non-HF)

41.41%

$78.9M

Hedge Funds

3.01%

$5.7M

Retail & Other

55.57%

$105.9M

Based on market cap of $190.6M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CHRS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$17.2M 0.00% of portfolio	9.00% 10.5M shares	Q2 2015 Held for 10y 5m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$16.9M 0.00% of portfolio	8.88% 10.3M shares	Q4 2014 Held for 10y 11m	$6.69T
T TANG CAPITAL MANAGEMENT LLC Institution	-	$8.4M 0.33% of portfolio	4.39% 5.1M shares	Q2 2024 Held for 1y 5m	$2.5B
Kohlberg Kravis Roberts & Co. L.P. Private Equity	Joseph Yong Bae CEO	$4.9M 0.09% of portfolio	2.61% 3.0M shares	Q2 2016 Held for 9y 5m	$5.6B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$4.5M 0.00% of portfolio	2.36% 2.7M shares	Q4 2014 Held for 10y 11m	$1.57T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$3.6M 0.00% of portfolio	1.91% 2.2M shares	Q4 2014 Held for 10y 11m	$2.88T
C CM Management, LLC Institution	-	$3.4M 2.87% of portfolio	1.81% 2.1M shares	Q4 2020 Held for 4y 11m	$119.9M
C CAM Group Holding A/S Institution	-	$3.2M 0.06% of portfolio	1.66% 1.9M shares	Q2 2015 Held for 10y 5m	$5.7B
PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant	Bryan David Belton CEO	$2.3M 0.01% of portfolio	1.18% 1.4M shares	Q2 2025 Held for 5 months	$24.8B
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$1.6M 0.00% of portfolio	0.85% 993.1K shares	Q4 2014 Held for 10y 11m	$620.51B

Net Capital Flow

Institutional buying and selling activity for CHRS in Q3 2025

Traded: −$2.0M
Buyers: 56
Sellers: 46
Total Bought: +$3.8M
Total Sold: −$5.7M
Avg Position: $666.8K

Biggest Buyers

Institution	Net Bought	Current Position
PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant	+$953.9K +581.6K shares	$2.3M 1.4M shares
UBS Group AG Institution	+$363.1K +221.4K shares	$1.3M 795.9K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$323.3K +197.1K shares	$543.1K 331.2K shares
J JANE STREET GROUP, LLC Institution	+$240.5K +146.7K shares	$344.4K 210.0K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$220.0K +134.1K shares	$1.5M 903.0K shares
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	+$183.7K +112.0K shares	$418.2K 255.0K shares
C Colony Group, LLC Institution	+$135.3K +43.0K shares	$135.3K 43.0K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$106.2K +64.8K shares	$4.5M 2.7M shares
MetLife Investment Advisors, LLC Insurance Manager	+$104.4K +63.7K shares	$104.4K 63.7K shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Long Only Manager	+$103.6K +63.2K shares	$103.6K 63.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
CITIGROUP INC Institution	−$1.2M −738.4K shares	$400.3K 244.1K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$1.0M −1.4M shares	Sold Off 0 shares
R Rubric Capital Management LP Hedge Fund•Long/Short	−$634.6K −867.8K shares	Sold Off 0 shares
T Tejara Capital Ltd Institution	−$511.0K −698.8K shares	Sold Off 0 shares
LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INC Long Only Manager	−$492.0K −300.0K shares	$144.2K 87.9K shares
B BlackRock, Inc. Institution	−$458.7K −279.7K shares	$17.2M 10.5M shares
VANGUARD GROUP INC Institution	−$409.0K −249.4K shares	$16.9M 10.3M shares
C CM Management, LLC Institution	−$246.0K −150.0K shares	$3.4M 2.1M shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	−$169.1K −231.3K shares	Sold Off 0 shares
NORTHERN TRUST CORP Institution	−$74.3K −45.3K shares	$1.4M 850.4K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CHRS in Q3 2025

New Positions: 6
New Value: $93.1K
Exited Positions: 16
Exited Value: $2.5M

New Positions

Institution	Position Value
Q Quadrature Capital Ltd Institution	$29.7K 18.2K shares
Q Quarry LP Institution	$25.5K 15.6K shares
Riverview Capital Advisers, LLC RIA/Wealth	$21.2K 12.9K shares
SRS Capital Advisors, Inc. RIA/Wealth	$12.0K 7.3K shares
O Optiver Holding B.V. Institution	$3.0K 1.8K shares
Steigerwald, Gordon & Koch Inc. RIA/Wealth	$1.6K 1.0K shares

Exited Positions

Institution	Previous Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.0M 1.4M shares
R Rubric Capital Management LP Hedge Fund•Long/Short	$634.6K 867.8K shares
T Tejara Capital Ltd Institution	$511.0K 698.8K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$169.1K 231.3K shares
S Stonepine Capital Management, LLC Institution	$45.9K 62.7K shares
H HRT FINANCIAL LLC Institution	$35.7K 48.8K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$30.0K 41.1K shares
S STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM Institution	$21.6K 29.6K shares
V Virtu Financial LLC Institution	$18.2K 24.9K shares
Pallas Capital Advisors LLC RIA/Wealth	$10.0K 13.7K shares

Options Activity

Institutions with the largest Call and Put options positions in CHRS as of Q3 2025

Call Positions: 5
Call Value: $479.1K
Put Positions: 1
Put Value: $196.3K

Call Positions

Institution	Position Value
L LPL Financial LLC Institution	$147.6K 900.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$128.4K 783.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$91.3K 557.0 contracts
W WOLVERINE TRADING, LLC Institution	$66.8K 393.0 contracts
J JANE STREET GROUP, LLC Institution	$44.9K 274.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$196.3K 1.2K contracts

Most Committed Institutions

Institutions with CHRS as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
C CM Management, LLC Institution	-	2.87% $3.4M	1.81% 2.1M shares	Q4 2020 Held for 4y 11m	$119.9M
T TANG CAPITAL MANAGEMENT LLC Institution	-	0.33% $8.4M	4.39% 5.1M shares	Q2 2024 Held for 1y 5m	$2.5B
Kohlberg Kravis Roberts & Co. L.P. Private Equity	Joseph Yong Bae CEO	0.09% $4.9M	2.61% 3.0M shares	Q2 2016 Held for 9y 5m	$5.6B
T Tyche Wealth Partners LLC Institution	-	0.06% $321.2K	0.17% 195.9K shares	Q4 2023 Held for 1y 11m	$563.1M
C CAM Group Holding A/S Institution	-	0.06% $3.2M	1.66% 1.9M shares	Q2 2015 Held for 10y 5m	$5.7B
Providence Wealth Advisors, LLC RIA/Wealth	Paul Warren Cochran Managing Partner	0.02% $26.1K	0.01% 15.0K shares	Q3 2024 Held for 1y 2m	$158.5M
C Carr Financial Group Corp Institution	-	0.02% $57.7K	0.03% 35.2K shares	Q4 2023 Held for 1y 11m	$363.5M
PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant	Bryan David Belton CEO	0.01% $2.3M	1.18% 1.4M shares	Q2 2025 Held for 5 months	$24.8B
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	Sander Ross Gerber CEO	0.01% $1.3M	0.70% 810.0K shares	Q2 2022 Held for 3y 5m	$14.7B
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	John Noland Ryan Montgomery CEO	0.01% $418.2K	0.22% 255.0K shares	Q2 2024 Held for 1y 5m	$4.7B

Hedge Fund Spotlight

Discover hedge funds investing in CHRS

Hudson Bay Capital Management LP

Hedge Fund • Multi-Strategy

Portfolio ManagerSander Ross Gerber

Portfolio Value: $14.7B
Positions: 892
Last Reported: Q3 2025

Sector Allocation

Position in Coherus BioSciences

Market Value: $1.3M
Shares Held: 810.0K
Portfolio Weight: 0.01%
Owned Since: 2022-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$1.1B	7.58%
2 Amazon AMZN	Specialty Retail Consumer Cyclical	$977.3M	6.66%
3 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$787.6M	5.37%