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Arcutis Biotherapeutics, Inc.

ARQT
Exchange
Nasdaq
Industry
Pharmaceutical Preparations
SEC CIK
0001787306

In the last 90 days, Arcutis Biotherapeutics, Inc. insiders filed 0 open-market purchases and 12 sales; 272 institutions reported holding it in 13F filings for Q2 2026, worth $3.45B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Arcutis Biotherapeutics, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
283
+49 vs. Q3 2025
Shares held
129.3M
+3.57M (+2.8%) vs. Q3 2025
Total value
$3.75B
+$1.38B (+58.4%) vs. Q3 2025
New holders
74
103 more added
Sold out
25
77 more reduced

5 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting ARQT on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 283 institutions
Q1 2021: 94 institutionsQ2 2021: 102 institutionsQ3 2021: 103 institutionsQ4 2021: 93 institutionsQ1 2022: 106 institutionsQ2 2022: 115 institutionsQ3 2022: 139 institutionsQ4 2022: 141 institutionsQ1 2023: 144 institutionsQ2 2023: 136 institutionsQ3 2023: 134 institutionsQ4 2023: 133 institutionsQ1 2024: 168 institutionsQ2 2024: 186 institutionsQ3 2024: 188 institutionsQ4 2024: 208 institutionsQ1 2025: 241 institutionsQ2 2025: 230 institutionsQ3 2025: 239 institutionsQ4 2025: 283 institutionsQ1 2026: 270 institutionsQ2 2026: 272 institutions
Value heldQ4 2025: $3.75B
Q1 2021: $1.35BQ2 2021: $1.24BQ3 2021: $1.09BQ4 2021: $961.8MQ1 2022: $929.8MQ2 2022: $1.05BQ3 2022: $1.13BQ4 2022: $979.6MQ1 2023: $787.6MQ2 2023: $684.0MQ3 2023: $356.7MQ4 2023: $327.1MQ1 2024: $1.24BQ2 2024: $1.18BQ3 2024: $1.20BQ4 2024: $1.79BQ1 2025: $1.97BQ2 2025: $1.78BQ3 2025: $2.37BQ4 2025: $3.75BQ1 2026: $3.12BQ2 2026: $3.45B
Institutions holding ARQT and their total value by quarter
QuarterHoldersValue
Q2 2026272$3.45B
Q1 2026270$3.12B
Q4 2025283$3.75B
Q3 2025239$2.37B
Q2 2025230$1.78B
Q1 2025241$1.97B
Q4 2024208$1.79B
Q3 2024188$1.20B
Q2 2024186$1.18B
Q1 2024168$1.24B
Q4 2023133$327.1M
Q3 2023134$356.7M
Q2 2023136$684.0M
Q1 2023144$787.6M
Q4 2022141$979.6M
Q3 2022139$1.13B
Q2 2022115$1.05B
Q1 2022106$929.8M
Q4 202193$961.8M
Q3 2021103$1.09B
Q2 2021102$1.24B
Q1 202194$1.35B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Arcutis Biotherapeutics, Inc.; share changes are against Q3 2025.

Institutions holding ARQT in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Suvretta Capital Management, LLC11,964,000$347.4M8.66%+1,486,000+14.2%Added
Frazier Life Sciences Management, L.P.9,874,511$286.8M7.70%00.0%Unchanged
BlackRock, Inc.9,099,579$264.3M0.00%+525,584+6.1%Added
Rubric Capital Management LP8,271,577$240.2M2.87%−2,477,880−23.1%Reduced
Vanguard Group Inc7,253,936$210.7M0.00%+107,846+1.5%Added
Jennison Associates LLC6,758,006$196.3M0.12%−5,496,113−44.9%Reduced
Polar Capital Holdings Plc5,556,169$161.4M0.74%+257,415+4.9%Added
State Street Corp5,488,301$159.4M0.01%+846,986+18.2%Added
Gilder Gagnon Howe & Co LLC4,453,856$129.3M1.37%+24,748+0.6%Added
Morgan Stanley4,340,239$126.0M0.01%+63,845+1.5%Added
UBS Group AG3,243,432$94.2M0.02%+294,994+10.0%Added
Geode Capital Management, LLC2,753,307$80.0M0.00%+146,842+5.6%Added
D. E. Shaw & Co., Inc.2,683,087$77.9M0.06%+564,374+26.6%Added
Driehaus Capital Management LLC2,562,445$74.4M0.51%+1,465,441+133.6%Added
Ensign Peak Advisors, Inc1,902,390$55.2M0.10%−90,665−4.5%Reduced
Franklin Resources Inc1,900,084$55.2M0.01%−410,935−17.8%Reduced
Janus Henderson Group PLC1,830,061$53.2M0.02%−567,970−23.7%Reduced
Bank of America Corp1,673,454$48.6M0.00%+784,169+88.2%Added
Goldman Sachs Group Inc1,576,413$45.8M0.01%−228,575−12.7%Reduced
American Century Companies Inc1,467,176$42.6M0.02%−195,294−11.7%Reduced
Nuveen, LLC1,382,160$40.1M0.01%+11,804+0.9%Added
Pivotal bioVenture Partners Investment Advisor LLC1,366,624$39.7M15.34%−753,884−35.6%Reduced
Price T Rowe Associates Inc1,166,348$33.9M0.00%+1,078,546+1,228.4%Added
Charles Schwab Investment Management Inc1,014,826$29.5M0.00%+15,392+1.5%Added
GW&K Investment Management, LLC1,008,580$29.3M0.25%−163,461−13.9%Reduced
Northern Trust Corp955,235$27.7M0.00%+15,033+1.6%Added
Deutsche Bank AG930,202$27.0M0.01%+552,674+146.4%Added
Voloridge Investment Management, LLC914,020$26.5M0.09%+80,530+9.7%Added
Perpetual Ltd910,630$26.4M0.38%−1,113,976−55.0%Reduced
Healthcare of Ontario Pension Plan Trust Fund900,000$26.1M0.04%+900,000New
Federated Hermes, Inc.891,767$25.9M0.04%+132,194+17.4%Added
Oberweis Asset Management Inc808,400$23.5M0.86%+808,400New
Candriam Luxembourg S.C.A.803,138$23.3M0.12%+25,094+3.2%Added
BNP Paribas Arbitrage, SA699,803$20.3M0.01%+653,657+1,416.5%Added
Qube Research & Technologies Ltd661,415$19.2M0.03%−153,152−18.8%Reduced
Nearwater Capital Markets, Ltd615,000$17.9M0.31%+615,000New
Standard Life Aberdeen plc586,397$17.0M0.03%−88,637−13.1%Reduced
Fishman Jay A Ltd564,650$16.4M1.35%−1,000−0.2%Reduced
MPM Oncology Impact Management LP531,200$15.4M1.77%+531,200New
Bamco Inc504,700$14.7M0.04%+504,700New
Cormorant Asset Management, LP500,000$14.5M0.82%−275,000−35.5%Reduced
Capitolis Liquid Global Markets LLC500,000$14.5M0.09%+500,000New
AQR Capital Management LLC499,418$14.5M0.01%+58,103+13.2%Added
Squarepoint Ops LLC455,876$13.2M0.03%+296,029+185.2%Added
Marshall Wace, LLP454,233$13.2M0.01%+435,933+2,382.1%Added
Eversept Partners, LP434,634$12.6M0.71%+323,168+289.9%Added
Jump Financial, LLC430,902$12.5M0.16%+80,417+22.9%Added
Point72 Asset Management, L.P.425,152$12.3M0.02%+425,152New
Zevenbergen Capital Investments LLC418,035$12.1M0.27%+418,035New
First Trust Advisors LP404,654$11.8M0.01%+179,689+79.9%Added
Two Sigma Investments, LP400,862$11.6M0.02%+305,433+320.1%Added
Barclays PLC331,578$9.63M0.00%+5,610+1.7%Added
Jupiter Asset Management Ltd326,538$9.48M0.08%−332,793−50.5%Reduced
Castleark Management LLC309,430$8.99M0.26%+309,430New
Invesco Ltd.307,382$8.93M0.00%+114,430+59.3%Added
Privium Fund Management B.V.305,972$8.89M1.64%00.0%Unchanged
Bank of New York Mellon Corp304,428$8.84M0.00%−6,192−2.0%Reduced
Wells Fargo & Company284,243$8.25M0.00%+178,986+170.0%Added
Renaissance Technologies LLC273,999$7.96M0.01%+273,999New
MYDA Advisors LLC265,000$7.70M2.17%−205,000−43.6%Reduced
Millennium Management LLC236,770$6.88M0.00%+86,671+57.7%Added
Prudential Financial Inc234,915$6.82M0.01%+220,980+1,585.8%Added
Universal- Beteiligungs- und Servicegesellschaft mbH234,071$6.80M0.01%+147,586+170.6%Added
UBS Asset Management Americas Inc231,734$6.73M0.00%−12,281−5.0%Reduced
StemPoint Capital LP224,740$6.53M1.12%−187,153−45.4%Reduced
Jane Street Group, LLC221,426$6.43M0.01%−139,344−38.6%Reduced
EAM Investors, LLC213,863$6.21M0.69%+213,863New
Swiss National Bank212,800$6.18M0.00%+4,900+2.4%Added
Patient Square Capital LP210,000$6.10M1.31%+210,000New
FMR LLC205,424$5.97M0.00%+37,450+22.3%Added
Pavaki Capital Management LLC202,000$5.87M4.10%+202,000New
Nordea Investment Management AB201,638$5.85M0.01%+201,638New
Woodline Partners LP195,033$5.66M0.02%−119,586−38.0%Reduced
Hillsdale Investment Management Inc.179,420$5.21M0.14%+179,420New
Voleon Capital Management LP176,600$5.13M0.11%+151,765+611.1%Added
Norges Bank174,820$5.08M0.00%+174,820New
Rafferty Asset Management, LLC172,066$5.00M0.02%+23,771+16.0%Added
Walleye Capital LLC168,604$4.90M0.03%+147,902+714.4%Added
Rhumbline Advisers161,402$4.69M0.00%−21,727−11.9%Reduced
Two Sigma Advisers, LP156,100$4.53M0.01%+141,000+933.8%Added
Citadel Advisors LLC155,158$4.51M0.00%−22,110−12.5%Reduced
PDT Partners, LLC155,075$4.50M0.29%+967+0.6%Added
Raymond James Financial Inc144,949$4.21M0.00%+84,875+141.3%Added
Essex Investment Management Co LLC141,271$4.10M0.63%−54,991−28.0%Reduced
Manufacturers Life Insurance Company, The125,979$3.59M0.00%+69,956+124.9%Added
Alliancebernstein L.P.116,360$3.38M0.00%+3,000+2.6%Added
Kornitzer Capital Management Inc113,385$3.29M0.07%+113,385New
LPL Financial LLC111,874$3.25M0.00%−5,050−4.3%Reduced
JPMorgan Chase & Co106,488$3.09M0.00%+5,694+5.6%Added
Tudor Investment Corp Et Al106,134$3.08M0.02%+36,154+51.7%Added
SEI Investments Co104,286$3.03M0.00%+78,423+303.2%Added
Legal & General Group Plc104,013$3.02M0.00%−5,431−5.0%Reduced
California State Teachers Retirement System102,439$2.97M0.00%−1,901−1.8%Reduced
State of Wisconsin Investment Board99,247$2.88M0.01%−24,714−19.9%Reduced
Ameriprise Financial Inc98,826$2.87M0.00%−359−0.4%Reduced
TD Asset Management Inc97,200$2.82M0.00%+97,200New
Lazard Asset Management LLC93,354$2.71M0.00%−186,265−66.6%Reduced
Mirae Asset Global ETFs Holdings Ltd.88,480$2.56M0.00%−7,145−7.5%Reduced
Engineers Gate Manager LP86,605$2.52M0.03%+40,322+87.1%Added
Pictet Asset Management Holding SA87,687$2.51M0.00%+74,528+566.4%Added