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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, Q4 2025

Institutional positions in Phathom Pharmaceuticals, 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
173
+40 vs. Q3 2025
Shares held
62.0M
−370.1K (−0.6%) vs. Q3 2025
Total value
$1.03B
+$291.9M (+39.8%) vs. Q3 2025
New holders
50
49 more added
Sold out
10
50 more reduced

Compare with Q3 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 holdersQ4 2025: 173 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 heldQ4 2025: $1.03B
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, Q4 2025

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

Institutions holding PHAT in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Covestor Ltd16$00.00%00.0%Unchanged
IFP Advisors, Inc1$170.00%+1New
EverSource Wealth Advisors, LLC5$830.00%−66−93.0%Reduced
SRS Capital Advisors, Inc.6$1000.00%−53−89.8%Reduced
Essential Partners LLC6$1000.00%+6New
ZRC Wealth Management, LLC20$3320.00%00.0%Unchanged
Rachor Investment Advisory Services, LLC25$4150.00%+25New
Caitong International Asset Management Co., Ltd28$4650.00%+28New
Signaturefd, LLC40$6640.00%+40New
True Wealth Design, LLC95$1.58K0.00%+7+8.0%Added
Parallel Advisors, LLC100$1.66K0.00%−86−46.2%Reduced
Rockefeller Capital Management L.P.155$2.57K0.00%+155New
Optiver Holding B.V.198$3.29K0.00%−386−66.1%Reduced
Fortitude Family Office, LLC208$3.45K0.00%00.0%Unchanged
Daiwa Securities Group Inc.260$4.00K0.00%00.0%Unchanged
US Bancorp277$4.59K0.00%−7,000−96.2%Reduced
GAMMA Investing LLC303$5.03K0.00%−57−15.8%Reduced
Massmutual Trust Co FSB320$5.31K0.00%+33+11.5%Added
Farther Finance Advisors, LLC342$5.67K0.00%00.0%Unchanged
MCF Advisors LLC446$7.40K0.00%+446New
Quantbot Technologies LP535$8.88K0.00%−9,262−94.5%Reduced
Federated Hermes, Inc.549$9.11K0.00%+549New
Nisa Investment Advisors, LLC568$9.42K0.00%+380+202.1%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.604$10.0K0.00%+604New
Larson Financial Group LLC647$10.7K0.00%00.0%Unchanged
C M Bidwell & Associates Ltd853$14.2K0.01%−269−24.0%Reduced
Strategic Wealth Advisors LLC1,000$16.0K0.01%+1,000New
Quadrant Capital Group LLC1,073$17.8K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)1,097$18.2K0.00%−465−29.8%Reduced
Amalgamated Bank1,248$21.0K0.00%−106−7.8%Reduced
GF Fund Management Co. Ltd.1,397$23.2K0.00%−129−8.5%Reduced
The PNC Financial Services Group, Inc.1,421$23.6K0.00%−127−8.2%Reduced
Simplex Trading, LLC1,599$26.5K0.00%−18,361−92.0%Reduced
Sterling Capital Management LLC1,749$29.0K0.00%−410−19.0%Reduced
Huntington National Bank1,986$32.9K0.00%−36−1.8%Reduced
CWM, LLC2,008$33.0K0.00%+40+2.0%Added
Kestra Advisory Services, LLC2,275$37.7K0.00%+2,275New
RiverPark Advisors, LLC2,807$46.6K0.01%+2,807New
Jones Financial Companies LLLP2,871$47.6K0.00%+348+13.8%Added
Mirae Asset Global Investments Co., Ltd.3,457$57.4K0.00%+714+26.0%Added
Ameritas Investment Partners, Inc.3,527$58.5K0.00%00.0%Unchanged
Canada Pension Plan Investment Board4,600$76.3K0.00%+500+12.2%Added
Advisor Group Holdings, Inc.6,450$107.0K0.00%−4,502−41.1%Reduced
Russell Investments Group, Ltd.6,644$110.2K0.00%+282+4.4%Added
Great West Life Assurance Co6,818$113.0K0.00%+6,818New
FMR LLC7,181$119.1K0.00%+182+2.6%Added
BNP Paribas Arbitrage, SA9,790$162.4K0.00%+962+10.9%Added
ProShare Advisors LLC10,377$172.2K0.00%+10,377New
9823 Capital, L.P.10,429$173.0K0.12%+10,429New
Allworth Financial LP10,450$173.4K0.00%−9,998−48.9%Reduced
Axq Capital, LP10,540$174.9K0.04%−9,322−46.9%Reduced
Entropy Technologies, LP11,000$182.5K0.01%+11,000New
Susquehanna Fundamental Investments, LLC11,473$190.3K0.01%00.0%Unchanged
China Universal Asset Management Co., Ltd.11,592$192.3K0.01%−843−6.8%Reduced
Arizona State Retirement System11,867$196.9K0.00%+11,867New
Police & Firemen's Retirement System of New Jersey11,925$197.8K0.00%00.0%Unchanged
Manufacturers Life Insurance Company, The12,438$206.3K0.00%−2,174−14.9%Reduced
Graham Capital Management, L.P.12,867$213.5K0.01%+12,867New
Scientech Research LLC12,879$213.7K0.13%+12,879New
Persistent Asset Partners Ltd12,916$214.3K0.10%+12,916New
Rafferty Asset Management, LLC13,855$229.9K0.00%+13,855New
KLP Kapitalforvaltning AS14,000$232.3K0.00%+14,000New
Private Advisor Group, LLC14,580$241.9K0.00%00.0%Unchanged
Pathstone Holdings, LLC14,900$247.2K0.00%+4,578+44.4%Added
Baader Bank INC15,000$248.8K0.02%+15,000New
State of Wisconsin Investment Board15,285$253.6K0.00%+15,285New
Virtu Financial LLC15,540$258.0K0.01%+15,540New
Profund Advisors LLC15,562$258.2K0.01%+3,392+27.9%Added
Fiduciary Trust Co16,040$266.1K0.00%−75−0.5%Reduced
SG Americas Securities, LLC16,497$274.0K0.00%+16,497New
Bridgefront Capital, LLC16,981$281.7K0.07%+16,981New
Jump Financial, LLC17,408$288.8K0.00%+17,408New
Mirae Asset Global ETFs Holdings Ltd.18,460$306.3K0.00%−942−4.9%Reduced
Intech Investment Management LLC19,051$316.1K0.00%−2,490−11.6%Reduced
Inspirion Wealth Advisors, LLC19,814$328.7K0.04%−16,820−45.9%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)19,890$330.0K0.00%+19,890New
Kera Capital Partners, Inc.24,255$331.6K0.04%−5,804−19.3%Reduced
Fox Run Management, L.L.C.20,487$339.9K0.05%+20,487New
Janus Henderson Group PLC21,500$356.6K0.00%+21,500New
Jain Global LLC21,737$360.6K0.00%+21,737New
Acadian Asset Management LLC22,185$367.0K0.00%+22,185New
Summit Financial Wealth Advisors, LLC22,143$367.4K0.05%00.0%Unchanged
ExodusPoint Capital Management, LP22,401$371.6K0.00%−48,874−68.6%Reduced
Royal Bank of Canada22,554$374.0K0.00%−139,889−86.1%Reduced
Raymond James Financial Inc24,390$404.6K0.00%+10,996+82.1%Added
MetLife Investment Management25,845$428.8K0.00%00.0%Unchanged
Los Angeles Capital Management LLC33,425$444.9K0.00%+33,425New
HRT Financial LP27,010$448.0K0.00%+4,489+19.9%Added
Quest Partners LLC28,250$468.7K0.03%−26,344−48.3%Reduced
Citigroup Inc28,459$472.1K0.00%+14,824+108.7%Added
Tudor Investment Corp Et Al28,554$473.7K0.00%−5,536−16.2%Reduced
Occidental Asset Management, LLC29,919$496.4K0.06%+247+0.8%Added
Y-Intercept (Hong Kong) Ltd30,488$505.8K0.01%+30,488New
UBS Asset Management Americas Inc30,631$508.2K0.00%+30,631New
Commonwealth Equity Services, LLC30,940$513.3K0.00%+324+1.1%Added
Schonfeld Strategic Advisors LLC30,944$513.4K0.00%+30,944New
Deutsche Bank AG33,380$553.8K0.00%+3,808+12.9%Added
Legal & General Group Plc34,249$568.2K0.00%+30,162+738.0%Added
Tocqueville Asset Management L.P.34,700$575.7K0.01%+10,000+40.5%Added
Price T Rowe Associates Inc37,071$616.0K0.00%+5,152+16.1%Added