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Phathom Pharmaceuticals, Inc.

PHAT
Exchange
Nasdaq
Industry
Pharmaceutical Preparations
SEC CIK
0001783183

No open-market purchases or sales by Phathom Pharmaceuticals, Inc. insiders were filed in the last 90 days; 161 institutions reported holding it in 13F filings for Q2 2026, worth $782.1M in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Phathom Pharmaceuticals, Inc. as of Sep 30, 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
133
+16 vs. Q2 2025
Shares held
62.3M
+4.93M (+8.6%) vs. Q2 2025
Total value
$733.6M
+$183.1M (+33.3%) vs. Q2 2025
New holders
27
45 more added
Sold out
11
28 more reduced

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting PHAT 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 holdersQ3 2025: 133 institutions
Q1 2021: 84 institutionsQ2 2021: 79 institutionsQ3 2021: 84 institutionsQ4 2021: 83 institutionsQ1 2022: 82 institutionsQ2 2022: 94 institutionsQ3 2022: 94 institutionsQ4 2022: 87 institutionsQ1 2023: 84 institutionsQ2 2023: 103 institutionsQ3 2023: 110 institutionsQ4 2023: 117 institutionsQ1 2024: 114 institutionsQ2 2024: 114 institutionsQ3 2024: 133 institutionsQ4 2024: 144 institutionsQ1 2025: 137 institutionsQ2 2025: 117 institutionsQ3 2025: 133 institutionsQ4 2025: 173 institutionsQ1 2026: 174 institutionsQ2 2026: 161 institutions
Value heldQ3 2025: $733.6M
Q1 2021: $919.2MQ2 2021: $843.6MQ3 2021: $819.8MQ4 2021: $562.0MQ1 2022: $349.1MQ2 2022: $230.0MQ3 2022: $334.3MQ4 2022: $316.6MQ1 2023: $219.7MQ2 2023: $612.6MQ3 2023: $452.7MQ4 2023: $503.3MQ1 2024: $588.2MQ2 2024: $598.6MQ3 2024: $1.31BQ4 2024: $541.2MQ1 2025: $401.4MQ2 2025: $550.5MQ3 2025: $733.6MQ4 2025: $1.03BQ1 2026: $765.5MQ2 2026: $782.1M
Institutions holding PHAT and their total value by quarter
QuarterHoldersValue
Q2 2026161$782.1M
Q1 2026174$765.5M
Q4 2025173$1.03B
Q3 2025133$733.6M
Q2 2025117$550.5M
Q1 2025137$401.4M
Q4 2024144$541.2M
Q3 2024133$1.31B
Q2 2024114$598.6M
Q1 2024114$588.2M
Q4 2023117$503.3M
Q3 2023110$452.7M
Q2 2023103$612.6M
Q1 202384$219.7M
Q4 202287$316.6M
Q3 202294$334.3M
Q2 202294$230.0M
Q1 202282$349.1M
Q4 202183$562.0M
Q3 202184$819.8M
Q2 202179$843.6M
Q1 202184$919.2M

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Phathom Pharmaceuticals, Inc.; share changes are against Q2 2025.

Institutions holding PHAT in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Frazier Life Sciences Management, L.P.12,466,489$146.7M4.40%00.0%Unchanged
Medicxi Ventures Management (Jersey) Ltd7,464,572$87.9M11.80%00.0%Unchanged
Millennium Management LLC5,081,451$59.8M0.05%+2,830,954+125.8%Added
Invesco Ltd.3,864,971$45.5M0.01%−275,101−6.6%Reduced
Carlyle Group Inc.3,496,808$41.1M0.95%00.0%Unchanged
BlackRock, Inc.3,402,324$40.0M0.00%+86,976+2.6%Added
Vanguard Group Inc3,215,572$37.8M0.00%+428,261+15.4%Added
Ensign Peak Advisors, Inc2,503,344$29.5M0.05%−16,628−0.7%Reduced
NEA Management Company, LLC1,960,169$23.1M1.27%00.0%Unchanged
683 Capital Management, LLC1,820,380$21.4M1.95%−284,620−13.5%Reduced
Wasatch Advisors Inc1,537,218$18.1M0.10%+75,323+5.2%Added
Catalys Pacific, LLC1,167,114$13.7M3.91%00.0%Unchanged
GW&K Investment Management, LLC1,144,330$13.5M0.12%+95,858+9.1%Added
Catalio Capital Management, LP1,128,521$13.3M2.46%+456,231+67.9%Added
Geode Capital Management, LLC1,088,910$12.8M0.00%+18,983+1.8%Added
State Street Corp1,053,591$12.4M0.00%+204,167+24.0%Added
Moore Capital Management, LP600,000$7.06M0.14%00.0%Unchanged
Ameriprise Financial Inc554,590$6.53M0.00%+373,739+206.7%Added
Propel Bio Management, LLC552,927$6.51M6.51%−370,000−40.1%Reduced
Citadel Advisors LLC508,720$5.99M0.00%+508,720New
AIGH Capital Management LLC429,000$5.05M1.77%+429,000New
StepStone Group LP422,085$4.97M2.34%00.0%Unchanged
SummitTX Capital, L.P.385,968$4.54M0.19%+385,968New
Charles Schwab Investment Management Inc365,904$4.31M0.00%+5,744+1.6%Added
Northern Trust Corp357,578$4.21M0.00%−1,746−0.5%Reduced
UBS Group AG338,360$3.98M0.00%−81,113−19.3%Reduced
Simplify Asset Management Inc.321,935$3.79M0.08%−200,000−38.3%Reduced
Avidity Partners Management LP306,000$3.60M0.82%−758,500−71.3%Reduced
Balyasny Asset Management LLC295,161$3.47M0.01%+281,979+2,139.1%Added
Walleye Capital LLC290,467$3.42M0.03%+290,467New
Susquehanna Portfolio Strategies, LLC267,962$3.15M0.05%00.0%Unchanged
Morgan Stanley255,573$3.01M0.00%+100,645+65.0%Added
Bank of America Corp249,094$2.93M0.00%+153,014+159.3%Added
GWM Advisors LLC201,523$2.23M0.01%+201,523New
Woodline Partners LP187,291$2.20M0.01%00.0%Unchanged
Royal Bank of Canada162,443$1.91M0.00%+4,502+2.9%Added
Susquehanna International Group, LLP154,277$1.82M0.00%+20,069+15.0%Added
Goldman Sachs Group Inc152,032$1.79M0.00%−40,494−21.0%Reduced
Wellington Management Group LLP146,459$1.72M0.00%+146,459New
JPMorgan Chase & Co136,948$1.61M0.00%−1,568−1.1%Reduced
Barclays PLC128,356$1.51M0.00%+46,186+56.2%Added
Bank of New York Mellon Corp127,382$1.50M0.00%+6,216+5.1%Added
Nuveen, LLC110,110$1.30M0.00%00.0%Unchanged
Jane Street Group, LLC107,262$1.26M0.00%+107,262New
Gilder Gagnon Howe & Co LLC88,542$1.04M0.01%+57,184+182.4%Added
Birchview Capital, LP85,000$1.00M0.76%+60,000+240.0%Added
Trexquant Investment LP78,183$920.2K0.01%+78,183New
Creative Planning78,058$918.7K0.00%+20,794+36.3%Added
ExodusPoint Capital Management, LP71,275$838.9K0.01%+56,129+370.6%Added
Gsa Capital Partners LLP70,258$827.0K0.07%+70,258New
Penn Mutual Asset Management, LLC62,802$739.2K1.44%00.0%Unchanged
Rhumbline Advisers61,713$726.4K0.00%−2,844−4.4%Reduced
Brevan Howard Capital Management LP58,097$683.8K0.01%+30,263+108.7%Added
Inspirion Wealth Advisors, LLC36,634$662.3K0.09%+16,820+84.9%Added
Quest Partners LLC54,594$642.6K0.04%+22,388+69.5%Added
XTX Topco Ltd54,587$642.5K0.03%+40,257+280.9%Added
Wells Fargo & Company53,648$631.4K0.00%+6,970+14.9%Added
AQR Capital Management LLC52,629$619.4K0.00%+2,705+5.4%Added
Alliancebernstein L.P.45,590$536.6K0.00%−5,000−9.9%Reduced
Virtus Investment Advisers, Inc.44,306$521.5K0.15%00.0%Unchanged
ADAR1 Capital Management, LLC42,900$504.9K0.05%−20,524−32.4%Reduced
Caxton Associates LLP38,570$454.0K0.01%+38,570New
Tudor Investment Corp Et Al34,090$401.2K0.00%+34,090New
Price T Rowe Associates Inc31,919$376.0K0.00%+1,815+6.0%Added
PharVision Advisers, LLC30,968$364.5K0.21%+30,968New
Commonwealth Equity Services, LLC30,616$360.0K0.00%−940−3.0%Reduced
Quadrature Capital Ltd30,272$356.0K0.00%+30,272New
Kera Capital Partners, Inc.30,059$353.8K0.05%00.0%Unchanged
Occidental Asset Management, LLC29,672$349.2K0.04%00.0%Unchanged
Deutsche Bank AG29,572$348.1K0.00%+3,493+13.4%Added
MetLife Investment Management25,845$304.2K0.00%00.0%Unchanged
Tocqueville Asset Management L.P.24,700$290.7K0.00%+24,700New
Summit Financial Wealth Advisors, LLC22,143$272.1K0.04%00.0%Unchanged
HRT Financial LP22,521$265.0K0.00%+22,521New
Intech Investment Management LLC21,541$253.5K0.00%−6,651−23.6%Reduced
Allworth Financial LP20,448$240.7K0.00%00.0%Unchanged
Simplex Trading, LLC19,960$234.0K0.01%+19,960New
Stifel Financial Corp19,867$233.8K0.00%−600−2.9%Reduced
Axq Capital, LP19,862$233.8K0.09%+6,242+45.8%Added
Mirae Asset Global ETFs Holdings Ltd.19,402$228.4K0.00%−3,932−16.9%Reduced
Omers Administration Corp16,500$194.2K0.00%+16,500New
Fiduciary Trust Co16,115$189.7K0.00%+5,210+47.8%Added
Kestra Private Wealth Services, LLC15,500$182.4K0.00%00.0%Unchanged
Manufacturers Life Insurance Company, The14,612$172.0K0.00%−1,214−7.7%Reduced
Private Advisor Group, LLC14,580$171.6K0.00%00.0%Unchanged
Citigroup Inc13,635$160.5K0.00%−503,612−97.4%Reduced
Raymond James Financial Inc13,394$157.6K0.00%+10,220+322.0%Added
China Universal Asset Management Co., Ltd.12,435$146.4K0.01%−1,587−11.3%Reduced
Profund Advisors LLC12,170$143.2K0.00%+12,170New
Police & Firemen's Retirement System of New Jersey11,925$140.4K0.00%+3,674+44.5%Added
Susquehanna Fundamental Investments, LLC11,473$135.0K0.01%00.0%Unchanged
Advisor Group Holdings, Inc.10,952$129.9K0.00%−298−2.6%Reduced
New York State Common Retirement Fund10,770$126.8K0.00%00.0%Unchanged
Pathstone Holdings, LLC10,322$121.5K0.00%+10,322New
Quantbot Technologies LP9,797$115.3K0.00%+9,797New
BNP Paribas Arbitrage, SA8,828$103.9K0.00%+3,756+74.1%Added
US Bancorp7,277$85.7K0.00%+7,000+2,527.1%Added
Quarry LP7,007$82.5K0.02%+5,983+584.3%Added
FMR LLC6,999$82.4K0.00%+1,118+19.0%Added
Russell Investments Group, Ltd.6,362$74.9K0.00%+3,626+132.5%Added