Royalty Pharma
RPRX • NASDAQ
Royalty Pharma is a biotechnology company in the healthcare sector on NASDAQ, led by Pablo Legorreta, with a market cap of $16.7B. As of Q3 2025, 76% of shares are held by 478 institutional investors, with MORGAN STANLEY as the largest holder at 10.22%.
Chairman and Chief Executive OfficerPablo Legorreta
Market Cap$16.7B
Biotechnology
Healthcare
Employees89.0
Websiteroyaltypharma.com
Country
United States of America
Overview
Overview of institutional ownership in RPRX as of Q3 2025 with a market cap of $15.3B
All Institutions
- Institutions
- 478
- Value Held
- $11.5B
- Shares Held
- 327.0M
- Avg Position
- $24.1M
- Median Position
- $1.1M
Hedge Funds
- Hedge Funds
- 42
- Value Held
- $1.0B
- Shares Held
- 28.8M
- Avg Position
- $24.2M
- Median Position
- $3.4M
Ownership Breakdown
Based on market cap of $15.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in RPRX as of Q3 2025
| Institution | Position Value |
|---|---|
 MORGAN STANLEY RIA/Wealth | $1.6B 0.09% of portfolio |
 FMR LLC Institution | $987.4M 0.05% of portfolio |
C Capital International Investors Institution | $960.1M 0.16% of portfolio |
B BlackRock, Inc. Institution | $924.4M 0.02% of portfolio |
B BAILLIE GIFFORD & CO Institution | $612.9M 0.45% of portfolio |
S Swedbank AB Institution | $430.4M 0.44% of portfolio |
A ADAGE CAPITAL PARTNERS GP LLC Institution | $422.1M 0.67% of portfolio |
 VANGUARD GROUP INC Institution | $385.8M 0.01% of portfolio |
 STATE STREET CORP Institution | $362.4M 0.01% of portfolio |
 GEODE CAPITAL MANAGEMENT LLC ETF Provider | $268.0M 0.02% of portfolio |
Net Capital Flow
Institutional buying and selling activity for RPRX in Q3 2025
- Net Flow
- −$664.7M
- Buyers
- 215
- Sellers
- 180
- Total Bought
- +$1.2B
- Total Sold
- −$1.9B
- Avg Position
- $23.9M
Biggest Buyers
| Institution | Net Bought |
|---|---|
A ADAGE CAPITAL PARTNERS GP LLC Institution | +$210.5M +6.0M shares |
C Capital International Investors Institution | +$188.1M +5.3M shares |
J JANE STREET GROUP, LLC Institution | +$84.4M +2.4M shares |
Q Qube Research & Technologies Ltd Institution | +$77.1M +2.2M shares |
 MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | +$62.4M +1.8M shares |
 GOLDMAN SACHS GROUP INC Institution | +$44.4M +1.3M shares |
 TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | +$39.9M +1.1M shares |
 Caledonia Investments Pty Ltd Hedge Fund•Long/Short | +$38.9M +1.1M shares |
B BlackRock, Inc. Institution | +$27.2M +771.6K shares |
 PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager | +$26.6M +753.6K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
VANGUARD GROUP INC Institution | −$897.6M −25.4M shares |
FMR LLC Institution | −$436.5M −12.4M shares |
 VIKING GLOBAL INVESTORS LP Hedge Fund•Long/Short | −$93.6M −2.6M shares |
 JUPITER ASSET MANAGEMENT LTD Long Only Manager | −$89.0M −2.5M shares |
MORGAN STANLEY RIA/Wealth | −$86.1M −2.4M shares |
 UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager | −$33.4M −947.1K shares |
A Amundi Institution | −$26.3M −727.5K shares |
 UBS Group AG Institution | −$23.5M −665.2K shares |
B BAILLIE GIFFORD & CO Institution | −$22.9M −648.0K shares |
C CANADA PENSION PLAN INVESTMENT BOARD Institution | −$20.1M −569.2K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited RPRX in Q3 2025
- New Positions
- 48
- New Value
- $205.3M
- Exited Positions
- 51
- Exited Value
- $229.2M
New Positions
| Institution | Position Value |
|---|---|
 Dorsey Asset Management, LLC Hedge Fund•Value | $82.9M 2.4M shares |
 Clark Capital Management Group, Inc. RIA/Wealth | $61.8M 1.8M shares |
 Weiss Asset Management LP Hedge Fund•Multi-Strategy | $16.1M 457.5K shares |
 Goodman Advisory Group, LLC RIA/Wealth | $10.6M 299.3K shares |
B BRAIDWELL LP Hedge Fund•Multi-Strategy | $6.4M 182.1K shares |
 Hosking Partners LLP Hedge Fund•Value | $6.0M 170.6K shares |
H HEARTLAND ADVISORS INC Long Only Manager | $3.4M 96.6K shares |
O Oxbow Advisors, LLC RIA/Wealth | $3.0M 84.7K shares |
Q Quantessence Capital LLC Hedge Fund•Quant | $2.8M 80.6K shares |
 WBI INVESTMENTS ETF Provider | $1.9M 54.3K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
VIKING GLOBAL INVESTORS LP Hedge Fund•Long/Short | $93.6M 2.6M shares |
JUPITER ASSET MANAGEMENT LTD Long Only Manager | $89.0M 2.5M shares |
 ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy | $8.9M 246.6K shares |
 Wealthfront Advisers LLC RIA/Wealth | $7.3M 202.3K shares |
 CTF Capital Management, LP Hedge Fund•Long/Short | $3.6M 100.0K shares |
Q Qsemble Capital Management, LP Hedge Fund•Quant | $2.6M 73.0K shares |
 Cinctive Capital Management LP Hedge Fund•Multi-Strategy | $1.9M 53.2K shares |
A AXA Institution | $1.9M 52.6K shares |
 Jain Global LLC Hedge Fund•Multi-Strategy | $1.8M 50.2K shares |
 NISSAY ASSET MANAGEMENT CORP /JAPAN/ /ADV Insurance Manager | $1.7M 48.5K shares |
Options Activity
Institutions with the largest Call and Put options positions in RPRX as of Q3 2025
- Call Positions
- 9
- Call Value
- $45.5M
- Put Positions
- 5
- Put Value
- $8.9M
Call Positions
| Institution | Position Value |
|---|---|
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage | $13.1M 3.7K contracts |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $11.9M 3.4K contracts |
 Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy | $6.2M 1.8K contracts |
J JANE STREET GROUP, LLC Institution | $6.1M 1.7K contracts |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $5.9M 1.7K contracts |
UBS Group AG Institution | $2.1M 600.0 contracts |
 Verition Fund Management LLC Hedge Fund•Multi-Strategy | $264.6K 75.0 contracts |
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage | - - contracts |
 Caption Management, LLC Hedge Fund•Long/Short | - - contracts |
Put Positions
| Institution | Position Value |
|---|---|
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy | $4.3M 1.2K contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $2.7M 778.0 contracts |
UBS Group AG Institution | $1.2M 328.0 contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $645.6K 183.0 contracts |
J JANE STREET GROUP, LLC Institution | - - contracts |
Most Committed Institutions
Institutions with RPRX as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
Dorsey Asset Management, LLC Hedge Fund•Value | 7.45% $82.9M |
 NEW SOUTH CAPITAL MANAGEMENT INC Long Only Manager | 4.69% $103.0M |
P Patient Capital Management, LLC Hedge Fund•Value | 4.40% $110.0M |
Caledonia Investments Pty Ltd Hedge Fund•Long/Short | 4.33% $266.3M |
L Lion Point Capital, LP Hedge Fund•Event Driven | 4.29% $755.0K |
C COOPER INVESTORS PTY LTD Institution | 3.98% $14.4M |
 Pacific Capital Partners Ltd RIA/Wealth | 3.93% $3.5M |
 VGI PARTNERS PTY Ltd Hedge Fund•Long/Short | 3.62% $50.6M |
T TORRAY LLC Long Only Manager | 3.54% $24.8M |
Goodman Advisory Group, LLC RIA/Wealth | 2.72% $10.6M |
Hedge Fund Spotlight
Discover hedge funds investing in RPRX
Q
Quantessence Capital LLC
Hedge Fund • Quant
Portfolio ManagerAmit Manwani
- Portfolio Value
- $316.3M
- Positions
- 174
- Last Reported
- Q3 2025
Sector Allocation
Position in Royalty Pharma
- Market Value
- $2.8M
- Shares Held
- 80.6K
- Portfolio Weight
- 0.90%
- Owned Since
- 2025-Q3
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Information Technology Services Technology | $25.0M | 7.89% | |
Unknown Unknown | $11.8M | 3.72% | |
Internet Content & Information Communication Services | $9.1M | 2.87% |
