Rigel Pharmaceuticals

RIGL • NASDAQ

Rigel Pharmaceuticals is a biotechnology company in the healthcare sector on NASDAQ, led by Raul Rodriguez, with a market cap of $740.2M. As of Q3 2025, 84% of shares are held by 168 institutional investors, with BlackRock, Inc. as the largest holder at 9.62%.

CEORaul Rodriguez

Market Cap$740.2M

Biotechnology

Healthcare

Employees147.0

Websiterigel.com

Country

United States of America

Overview

Overview of institutional ownership in RIGL as of Q3 2025 with a market cap of $508.2M

All Institutions

Institutions: 168
Value Held: $424.7M
Shares Held: 15.0M
Avg Position: $2.5M
Median Position: $499.4K

Hedge Funds

Hedge Funds: 26
Value Held: $80.5M
Shares Held: 2.8M
Avg Position: $3.1M
Median Position: $1.1M

Ownership Breakdown

Institutional (non-HF)

67.74%

$344.2M

Hedge Funds

15.84%

$80.5M

Retail & Other

16.43%

$83.5M

Based on market cap of $508.2M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in RIGL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$48.9M 0.00% of portfolio	9.62% 1.7M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$29.6M 0.00% of portfolio	5.82% 1.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$20.9M 0.00% of portfolio	4.11% 737.0K shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	Steven Joseph Boyd Managing Partner	$20.5M 0.65% of portfolio	4.04% 724.0K shares	Q3 2022 Held for 3y 2m	$3.2B
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	Gillian Morna Therese Savage CEO	$19.4M 0.04% of portfolio	3.82% 685.7K shares	Q4 2021 Held for 3y 11m	$51.5B
Marshall Wace LLP Institution	Diana Lj Harrison President	$17.0M 0.02% of portfolio	3.35% 601.3K shares	Q1 2025 Held for 8 months	$90.3B
C Capitolis Liquid Global Markets LLC Private Equity	Jeffrey Alden Lesage CCO	$16.8M 0.13% of portfolio	3.30% 591.6K shares	Q1 2025 Held for 8 months	$12.5B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$15.7M 0.00% of portfolio	3.09% 554.3K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$13.4M 0.02% of portfolio	2.64% 474.2K shares	Q4 2021 Held for 3y 11m	$75.8B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$12.0M 0.00% of portfolio	2.36% 423.7K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for RIGL in Q3 2025

Traded: +$40.4M
Buyers: 108
Sellers: 55
Total Bought: +$139.5M
Total Sold: −$99.1M
Avg Position: $2.4M

Biggest Buyers

Institution	Net Bought	Current Position
GOLDMAN SACHS GROUP INC Institution	+$15.7M +554.8K shares	$20.9M 737.0K shares
D D. E. Shaw & Co., Inc. Institution	+$8.7M +306.5K shares	$8.7M 306.5K shares
J JANE STREET GROUP, LLC Institution	+$8.6M +304.6K shares	$9.1M 321.9K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$6.7M +237.8K shares	$13.4M 474.2K shares
Marshall Wace LLP Institution	+$6.6M +232.4K shares	$17.0M 601.3K shares
HENDERSON GROUP PLC Institution	+$6.5M +230.7K shares	$6.5M 230.7K shares
Q Qube Research & Technologies Ltd Institution	+$5.4M +189.5K shares	$10.2M 361.0K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$5.2M +182.0K shares	$6.2M 220.3K shares
Trexquant Investment LP Hedge Fund•Quant	+$4.7M +167.1K shares	$4.7M 167.1K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$4.7M +164.3K shares	$5.3M 186.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
MORGAN STANLEY RIA/Wealth	−$38.9M −1.4M shares	$4.1M 146.3K shares
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	−$24.8M −876.0K shares	$20.5M 724.0K shares
Soleus Capital Management, L.P. Hedge Fund•Long/Short	−$9.3M −328.1K shares	$9.3M 330.0K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	−$4.7M −164.9K shares	$1.4M 50.7K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	−$4.0M −139.4K shares	$497.4K 17.6K shares
BANK OF AMERICA CORP /DE/ Institution	−$3.2M −112.1K shares	$2.1M 75.5K shares
UBS OCONNOR LLC Long Only Manager	−$2.0M −104.9K shares	Sold Off 0 shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	−$1.4M −49.3K shares	$1.2M 43.4K shares
STATE STREET CORP Institution	−$1.3M −45.9K shares	$15.7M 554.3K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	−$1.1M −39.5K shares	$678.7K 24.0K shares

Entry and Exit Activity

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

New Positions: 25
New Value: $14.3M
Exited Positions: 10
Exited Value: $4.4M

New Positions

Institution	Position Value
Beacon Harbor Wealth Advisors, Inc. RIA/Wealth	$4.3M 152.1K shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	$2.1M 71.8K shares
FIRST TRUST ADVISORS LP ETF Provider	$1.6M 57.6K shares
Range Financial Group LLC RIA/Wealth	$1.3M 45.4K shares
O Opaleye Management Inc. Hedge Fund•Long/Short	$1.1M 37.8K shares
CWM Advisors, LLC ETF Provider	$859.0K 30.3K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$581.4K 20.5K shares
O OMERS ADMINISTRATION Corp Institution	$340.0K 12.0K shares
Advantage Alpha Capital Partners LP Hedge Fund•Market Neutral	$334.4K 11.8K shares
M Massar Capital Management, LP Institution	$314.5K 11.1K shares

Exited Positions

Institution	Previous Position
UBS OCONNOR LLC Long Only Manager	$2.0M 104.9K shares
Carrera Capital Advisors RIA/Wealth	$942.1K 50.3K shares
J Jump Financial, LLC Institution	$431.2K 23.0K shares
PDT Partners, LLC Hedge Fund•Quant	$371.0K 19.8K shares
A AMERICAN CENTURY COMPANIES INC Institution	$317.2K 16.9K shares
Connecticut Wealth Management, LLC RIA/Wealth	$215.8K 11.5K shares
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	$87.6K 4.7K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$52.6K 2.8K shares
Hartland & Co., LLC RIA/Wealth	$1.1K 58.0 shares
ROTHSCHILD INVESTMENT LLC RIA/Wealth	$187.0 10.0 shares

Options Activity

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

Call Positions: 4
Call Value: $2.1M
Put Positions: 2
Put Value: $1.5M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$677.1K 239.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$614.8K 217.0 contracts
J JANE STREET GROUP, LLC Institution	$430.6K 152.0 contracts
W WOLVERINE TRADING, LLC Institution	$376.6K 131.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$849.9K 300.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$606.3K 214.0 contracts

Most Committed Institutions

Institutions with RIGL 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	-	5.31% $6.4M	1.25% 225.0K shares	Q4 2020 Held for 4y 11m	$119.9M
Beacon Harbor Wealth Advisors, Inc. RIA/Wealth	Jeremy Wayne Ingram CEO	1.01% $4.3M	0.85% 152.1K shares	Q3 2025 Held for 2 months	$428.0M
GLOBEFLEX CAPITAL L P Long Only Manager	Marina Loretta Marrelli CEO	0.96% $6.2M	1.21% 217.6K shares	Q3 2024 Held for 1y 2m	$644.8M
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	Steven Joseph Boyd Managing Partner	0.65% $20.5M	4.04% 724.0K shares	Q3 2022 Held for 3y 2m	$3.2B
E Empire Financial Management Company, LLC RIA/Wealth	Anthony V Manory CIO	0.58% $2.5M	0.50% 89.5K shares	Q4 2023 Held for 1y 11m	$436.5M
Soleus Capital Management, L.P. Hedge Fund•Long/Short	Guy Bezalel Levy CIO	0.51% $9.3M	1.84% 330.0K shares	Q1 2023 Held for 2y 8m	$1.8B
Range Financial Group LLC RIA/Wealth	Eric Robert Dahm Managing Partner	0.46% $1.3M	0.25% 45.4K shares	Q3 2025 Held for 2 months	$276.8M
P PharVision Advisers, LLC Hedge Fund•Long/Short	Blagovest Dimitrov Baychev CEO	0.33% $581.4K	0.11% 20.5K shares	Q3 2025 Held for 2 months	$176.9M
Hillsdale Investment Management Inc. Long Only Manager	Albert Christopher Guthrie CEO	0.24% $8.1M	1.59% 284.4K shares	Q3 2024 Held for 1y 2m	$3.3B
Virtus ETF Advisers LLC Long Only Manager	Richard William Smirl President	0.15% $227.4K	0.04% 8.0K shares	Q1 2025 Held for 8 months	$148.9M

Hedge Fund Spotlight

Discover hedge funds investing in RIGL

PharVision Advisers, LLC

Hedge Fund • Long/Short

Portfolio ManagerBlagovest Dimitrov Baychev

Portfolio Value: $176.9M
Positions: 650
Last Reported: Q3 2025

Sector Allocation

Position in Rigel Pharmaceuticals

Market Value: $581.4K
Shares Held: 20.5K
Portfolio Weight: 0.33%
Owned Since: 2025-Q3

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