Verrica Pharmaceuticals Inc.

VRCA • NASDAQ

Verrica Pharmaceuticals Inc. is a biotechnology company in the healthcare sector on NASDAQ, led by Dr. Jayson Rieger, with a market cap of $75.2M. As of Q3 2025, 26% of shares are held by 32 institutional investors, with Caligan Partners LP as the largest holder at 9.78%.

President, Chief Executive Officer, and DirectorDr. Jayson Rieger

Market Cap$75.2M

Biotechnology

Healthcare

Employees100.0

Websiteverrica.com

Country

United States of America

Overview

Overview of institutional ownership in VRCA as of Q3 2025 with a market cap of $40.7M

All Institutions

Institutions: 32
Value Held: $10.6M
Shares Held: 2.5M
Avg Position: $330.8K
Median Position: $11.6K

Hedge Funds

Hedge Funds: 4
Value Held: $7.2M
Shares Held: 1.7M
Avg Position: $1.8M
Median Position: $1.5M

Ownership Breakdown

Institutional (non-HF)

8.38%

$3.4M

Hedge Funds

17.62%

$7.2M

Retail & Other

74.0%

$30.1M

Based on market cap of $40.7M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in VRCA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
C Caligan Partners LP Hedge Fund•Activist	Tiffany Crowley CFO	$4.0M 0.55% of portfolio	9.78% 923.9K shares	Q4 2024 Held for 11 months	$720.7M
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	Steven Joseph Boyd Managing Partner	$2.8M 0.09% of portfolio	6.77% 639.2K shares	Q4 2024 Held for 11 months	$3.2B
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	Ari Louis Glass Managing Partner	$1.2M 0.03% of portfolio	2.97% 280.7K shares	Q4 2024 Held for 11 months	$3.8B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$970.7K 0.00% of portfolio	2.38% 225.2K shares	Q2 2018 Held for 7y 5m	$6.69T
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$310.3K 0.00% of portfolio	0.76% 72.0K shares	Q3 2024 Held for 1y 2m	$121.98B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$291.7K 0.00% of portfolio	0.72% 67.7K shares	Q3 2018 Held for 7y 2m	$1.57T
Sovran Advisors, LLC RIA/Wealth	Paul Richard Justin CEO	$260.5K 0.02% of portfolio	0.78% 73.8K shares	Q4 2024 Held for 11 months	$1.1B
UBS Group AG Institution	Sergio P. Ermotti CEO	$179.4K 0.00% of portfolio	0.44% 41.6K shares	Q2 2018 Held for 7y 5m	$511.54B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$125.8K 0.00% of portfolio	0.31% 29.2K shares	Q2 2024 Held for 1y 5m	$75.8B
Mariner Wealth Advisors, LLC RIA/Wealth	Martin Christopher Bicknell CEO	$105.8K 0.00% of portfolio	0.26% 24.6K shares	Q1 2024 Held for 1y 8m	$77.3B

Net Capital Flow

Institutional buying and selling activity for VRCA in Q3 2025

Traded: −$119.3K
Buyers: 17
Sellers: 40
Total Bought: +$1.7M
Total Sold: −$1.8M
Avg Position: $176.4K

Biggest Buyers

Institution	Net Bought	Current Position
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	+$1.2M +280.7K shares	$1.2M 280.7K shares
UBS Group AG Institution	+$148.1K +34.4K shares	$179.4K 41.6K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$88.2K +20.5K shares	$125.8K 29.2K shares
MORGAN STANLEY RIA/Wealth	+$82.2K +19.1K shares	$93.5K 21.7K shares
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	+$51.7K +12.0K shares	$51.7K 12.0K shares
STATE STREET CORP Institution	+$49.1K +11.4K shares	$88.7K 20.6K shares
VANGUARD GROUP INC Institution	+$36.1K +8.4K shares	$970.7K 225.2K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$13.1K +3.0K shares	$291.7K 67.7K shares
CITIGROUP INC Institution	+$7.4K +1.7K shares	$8.9K 2.1K shares
R ROYAL BANK OF CANADA Institution	+$3.0K +703.7 shares	$5.2K 1.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	−$1.1M −248.9K shares	$2.8M 639.2K shares
Y Y-Intercept Ltd Institution	−$99.1K −18.7K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$92.9K −17.5K shares	Sold Off 0 shares
B BML Capital Management, LLC Institution	−$92.6K −17.5K shares	Sold Off 0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$80.7K −18.7K shares	$310.3K 72.0K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$46.3K −8.7K shares	Sold Off 0 shares
Steel Peak Wealth Management LLC RIA/Wealth	−$40.3K −7.6K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$36.4K −6.9K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$35.3K −6.7K shares	Sold Off 0 shares
Miracle Mile Advisors, LLC RIA/Wealth	−$31.7K −6.0K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 1
New Value: $134.0
Exited Positions: 26
Exited Value: $630.5K

New Positions

Institution	Position Value
O Optiver Holding B.V. Institution	$134.0 31.0 shares

Exited Positions

Institution	Previous Position
Y Y-Intercept Ltd Institution	$99.1K 18.7K shares
GOLDMAN SACHS GROUP INC Institution	$92.9K 17.5K shares
B BML Capital Management, LLC Institution	$92.6K 17.5K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$46.3K 8.7K shares
Steel Peak Wealth Management LLC RIA/Wealth	$40.3K 7.6K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$36.4K 6.9K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$35.3K 6.7K shares
Miracle Mile Advisors, LLC RIA/Wealth	$31.7K 6.0K shares
Q Qube Research & Technologies Ltd Institution	$28.1K 5.3K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$26.7K 5.0K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
C Caligan Partners LP Hedge Fund•Activist	Tiffany Crowley CFO	0.55% $4.0M	9.78% 923.9K shares	Q4 2024 Held for 11 months	$720.7M
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	Steven Joseph Boyd Managing Partner	0.09% $2.8M	6.77% 639.2K shares	Q4 2024 Held for 11 months	$3.2B
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	Ari Louis Glass Managing Partner	0.03% $1.2M	2.97% 280.7K shares	Q4 2024 Held for 11 months	$3.8B
Sovran Advisors, LLC RIA/Wealth	Paul Richard Justin CEO	0.02% $260.5K	0.78% 73.8K shares	Q4 2024 Held for 11 months	$1.1B
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	John Noland Ryan Montgomery CEO	0.00% $51.7K	0.13% 12.0K shares	Q1 2022 Held for 3y 8m	$4.7B
N New England Capital Financial Advisors LLC Institution	-	0.00% $862.0	0.00% 200.0 shares	Q4 2024 Held for 11 months	$233.8M
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	0.00% $310.3K	0.76% 72.0K shares	Q3 2024 Held for 1y 2m	$121.98B
Capital Analysts, Inc. RIA/Wealth	Diane Mulherrin Mccarthy President	0.00% $6.5K	0.02% 1.5K shares	Q3 2024 Held for 1y 2m	$3.3B
T Tower Research Capital LLC Institution	-	0.00% $6.7K	0.02% 1.5K shares	Q3 2018 Held for 7y 2m	$3.6B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	0.00% $125.8K	0.31% 29.2K shares	Q2 2024 Held for 1y 5m	$75.8B

Hedge Fund Spotlight

Discover hedge funds investing in VRCA

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerPeter Fitzhugh Brown

Portfolio Value: $75.8B
Positions: 3,419
Last Reported: Q3 2025

Sector Allocation

Position in Verrica Pharmaceuticals Inc.

Market Value: $125.8K
Shares Held: 29.2K
Portfolio Weight: 0.00%
Owned Since: 2024-Q2

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