Supernus Pharmaceuticals

SUPN • NASDAQ

Supernus Pharmaceuticals is a drug manufacturers - specialty & generic company in the healthcare sector on NASDAQ, led by Jack A. Khattar, with a market cap of $2.7B. As of Q3 2025, 103% of shares are held by 302 institutional investors, with BlackRock, Inc. as the largest holder at 15.51%.

CEOJack A. Khattar

Market Cap$2.7B

Drug Manufacturers - Specialty & Generic

Healthcare

Employees652.0

Websitesupernus.com

Country

United States of America

Overview

Overview of institutional ownership in SUPN as of Q3 2025 with a market cap of $2.7B

All Institutions

Institutions: 302
Value Held: $2.8B
Shares Held: 57.7M
Avg Position: $9.1M
Median Position: $766.9K

Hedge Funds

Hedge Funds: 34
Value Held: $574.4M
Shares Held: 12.0M
Avg Position: $16.9M
Median Position: $1.4M

Ownership Breakdown

Institutional (non-HF)

81.39%

$2.2B

Hedge Funds

21.44%

$574.4M

Retail & Other

Based on market cap of $2.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in SUPN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$415.7M 0.01% of portfolio	15.51% 8.7M shares	Q2 2014 Held for 11y 5m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$288.9M 0.00% of portfolio	10.78% 6.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$143.5M 0.03% of portfolio	5.35% 3.0M shares	Q2 2015 Held for 10y 5m	$466.32B
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	Steven Joseph Boyd Managing Partner	$135.5M 4.30% of portfolio	5.06% 2.8M shares	Q4 2019 Held for 5y 11m	$3.2B
M MACQUARIE GROUP LTD Institution	-	$121.0M 0.15% of portfolio	4.51% 2.5M shares	Q1 2016 Held for 9y 8m	$82.9B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$104.5M 0.00% of portfolio	3.90% 2.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	Steven Alan Cohen CEO	$84.2M 0.19% of portfolio	3.14% 1.8M shares	Q1 2024 Held for 1y 8m	$43.2B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$83.2M 0.11% of portfolio	3.10% 1.7M shares	Q4 2017 Held for 7y 11m	$75.8B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$67.7M 0.06% of portfolio	2.53% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$122.08B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$67.4M 0.00% of portfolio	2.51% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for SUPN in Q3 2025

Traded: −$47.7M
Buyers: 149
Sellers: 158
Total Bought: +$355.0M
Total Sold: −$402.8M
Avg Position: $8.0M

Biggest Buyers

Institution	Net Bought	Current Position
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	+$59.9M +1.3M shares	$84.2M 1.8M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$59.3M +1.2M shares	$67.7M 1.4M shares
Woodline Partners LP Hedge Fund•Long/Short	+$23.5M +490.8K shares	$60.4M 1.3M shares
D D. E. Shaw & Co., Inc. Institution	+$18.2M +381.0K shares	$46.8M 979.6K shares
BANK OF AMERICA CORP /DE/ Institution	+$16.2M +338.6K shares	$40.3M 842.9K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$15.9M +333.2K shares	$16.5M 346.3K shares
UBS Group AG Institution	+$14.9M +312.8K shares	$25.8M 540.1K shares
Catalio Capital Management, LP Venture Capital	+$13.7M +287.1K shares	$13.7M 287.1K shares
GOLDMAN SACHS GROUP INC Institution	+$12.7M +266.7K shares	$55.6M 1.2M shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$10.3M +215.0K shares	$10.7M 224.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	−$94.4M −2.0M shares	$135.5M 2.8M shares
B BlackRock, Inc. Institution	−$32.0M −669.5K shares	$415.7M 8.7M shares
Polar Capital Holdings Plc Long Only Manager	−$31.6M −1.0M shares	Sold Off 0 shares
Aristotle Capital Boston, LLC Long Only Manager	−$24.0M −503.1K shares	$14.6M 305.3K shares
S Sofinnova Ventures Inc Venture Capital	−$20.2M −422.2K shares	$18.0M 377.1K shares
A AMERICAN CENTURY COMPANIES INC Institution	−$19.4M −406.8K shares	$24.3M 509.4K shares
Stephens Investment Management Group LLC Long Only Manager	−$11.3M −235.7K shares	$64.3M 1.3M shares
M MACQUARIE GROUP LTD Institution	−$11.0M −230.6K shares	$121.0M 2.5M shares
Tributary Capital Management, LLC Long Only Manager	−$9.7M −308.6K shares	Sold Off 0 shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$9.2M −191.7K shares	$26.8M 559.8K shares

Entry and Exit Activity

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

New Positions: 29
New Value: $24.6M
Exited Positions: 42
Exited Value: $68.6M

New Positions

Institution	Position Value
Catalio Capital Management, LP Venture Capital	$13.7M 287.1K shares
R Ruffer LLP Long Only Manager	$2.6M 55.4K shares
VELA Investment Management, LLC Long Only Manager	$1.9M 40.3K shares
C CAXTON ASSOCIATES LLP Institution	$1.1M 23.4K shares
DIADEMA PARTNERS LP Hedge Fund•Long/Short	$1.1M 22.3K shares
A AdvisorShares Investments LLC Institution	$741.9K 15.5K shares
A ADAR1 Capital Management, LLC Hedge Fund•Long/Short	$689.0K 14.4K shares
H HARVEST MANAGEMENT LLC Hedge Fund•Event Driven	$477.9K 10.0K shares
CONTRAVISORY INVESTMENT MANAGEMENT, INC. Long Only Manager	$296.4K 6.2K shares
FIS GROUP, INC. Fund of Funds	$280.5K 5.9K shares

Exited Positions

Institution	Previous Position
Polar Capital Holdings Plc Long Only Manager	$31.6M 1.0M shares
Tributary Capital Management, LLC Long Only Manager	$9.7M 308.6K shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	$8.4M 266.9K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$3.9M 122.8K shares
S State of New Jersey Common Pension Fund D Institution	$1.9M 58.8K shares
C Cubist Systematic Strategies, LLC Institution	$1.7M 52.8K shares
H HSBC HOLDINGS PLC Institution	$1.2M 39.1K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	$1.1M 35.3K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$992.4K 31.5K shares
Trexquant Investment LP Hedge Fund•Quant	$984.5K 31.2K shares

Options Activity

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

Call Positions: 6
Call Value: $11.2M
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$9.9M 2.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$530.5K 111.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$444.4K 93.0 contracts
J JANE STREET GROUP, LLC Institution	$267.6K 56.0 contracts
R Raiffeisen Bank International AG Institution	$32.1K 6.7 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
K Krensavage Asset Management, LLC Hedge Fund•Long/Short	Michael Paul Krensavage CEO	8.69% $17.4M	0.65% 363.5K shares	Q1 2025 Held for 8 months	$199.9M
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	Steven Joseph Boyd Managing Partner	4.30% $135.5M	5.06% 2.8M shares	Q4 2019 Held for 5y 11m	$3.2B
Q Quantedge Capital Pte Ltd Institution	-	3.17% $5.8M	0.22% 121.1K shares	Q3 2025 Held for 2 months	$182.7M
ASHFORD CAPITAL MANAGEMENT INC Hedge Fund•Growth	Theodore H. Ashford CEO	3.00% $26.9M	1.01% 563.7K shares	Q4 2014 Held for 10y 11m	$897.8M
Catalio Capital Management, LP Venture Capital	Olga Eduardovna Maltseva COO	2.54% $13.7M	0.51% 287.1K shares	Q3 2025 Held for 2 months	$540.9M
Villanova Investment Management Co LLC Hedge Fund•Value	Edward Anthony Trumpbour Founder	1.82% $2.6M	0.10% 54.9K shares	Q2 2024 Held for 1y 5m	$144.3M
THIRD AVENUE MANAGEMENT LLC Long Only Manager	Michael Anthony Buono CFO	1.71% $9.1M	0.34% 189.5K shares	Q2 2022 Held for 3y 5m	$532.7M
S S&T BANK/PA Institution	-	1.29% $4.2M	0.16% 88.9K shares	Q1 2019 Held for 6y 8m	$330.2M
R RICE HALL JAMES & ASSOCIATES, LLC Long Only Manager	Thomas W Mcdowell Chairman	1.24% $22.8M	0.85% 476.1K shares	Q2 2015 Held for 10y 5m	$1.8B
Bruce & Co., Inc. Long Only Manager	Robert Jeffrey Bruce President	1.22% $3.9M	0.15% 82.1K shares	Q2 2014 Held for 11y 5m	$322.9M

Hedge Fund Spotlight

Discover hedge funds investing in SUPN

JACOBS LEVY EQUITY MANAGEMENT, INC

Hedge Fund • Quant

Portfolio ManagerBruce Ira Jacobs

Portfolio Value: $25.2B
Positions: 953
Last Reported: Q3 2025

Sector Allocation

Position in Supernus Pharmaceuticals

Market Value: $1.9M
Shares Held: 39.2K
Portfolio Weight: 0.01%
Owned Since: 2025-Q3

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