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ARS Pharmaceuticals, Inc.

SPRY
Exchange
Nasdaq
Industry
Pharmaceutical Preparations
SEC CIK
0001671858

No open-market purchases or sales by ARS Pharmaceuticals, Inc. insiders were filed in the last 90 days; 208 institutions reported holding it in 13F filings for Q2 2026, worth $726.0M in total; Third Point is the only superinvestor holding it.

13F holders, Q4 2025

Institutional positions in ARS 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
191
+5 vs. Q3 2025
Shares held
90.2M
+6.55M (+7.8%) vs. Q3 2025
Total value
$1.05B
+$209.9M (+25.0%) vs. Q3 2025
New holders
38
58 more added
Sold out
33
55 more reduced

2 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 SPRY 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: 191 institutions
Q1 2021: 68 institutionsQ2 2021: 76 institutionsQ3 2021: 74 institutionsQ4 2021: 72 institutionsQ1 2022: 70 institutionsQ2 2022: 64 institutionsQ3 2022: 61 institutionsQ4 2022: 73 institutionsQ1 2023: 90 institutionsQ2 2023: 92 institutionsQ3 2023: 97 institutionsQ4 2023: 100 institutionsQ1 2024: 113 institutionsQ2 2024: 115 institutionsQ3 2024: 151 institutionsQ4 2024: 166 institutionsQ1 2025: 184 institutionsQ2 2025: 188 institutionsQ3 2025: 188 institutionsQ4 2025: 191 institutionsQ1 2026: 203 institutionsQ2 2026: 208 institutions
Value heldQ4 2025: $1.05B
Q1 2021: $1.21BQ2 2021: $864.6MQ3 2021: $288.4MQ4 2021: $200.5MQ1 2022: $94.7MQ2 2022: $110.5MQ3 2022: $160.4MQ4 2022: $427.9MQ1 2023: $347.7MQ2 2023: $369.0MQ3 2023: $251.6MQ4 2023: $358.5MQ1 2024: $612.1MQ2 2024: $533.0MQ3 2024: $928.4MQ4 2024: $752.3MQ1 2025: $958.9MQ2 2025: $1.48BQ3 2025: $840.4MQ4 2025: $1.05BQ1 2026: $757.5MQ2 2026: $726.0M
Institutions holding SPRY and their total value by quarter
QuarterHoldersValue
Q2 2026208$726.0M
Q1 2026203$757.5M
Q4 2025191$1.05B
Q3 2025188$840.4M
Q2 2025188$1.48B
Q1 2025184$958.9M
Q4 2024166$752.3M
Q3 2024151$928.4M
Q2 2024115$533.0M
Q1 2024113$612.1M
Q4 2023100$358.5M
Q3 202397$251.6M
Q2 202392$369.0M
Q1 202390$347.7M
Q4 202273$427.9M
Q3 202261$160.4M
Q2 202264$110.5M
Q1 202270$94.7M
Q4 202172$200.5M
Q3 202174$288.4M
Q2 202176$864.6M
Q1 202168$1.21B

Institutions, Q4 2025

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

Institutions holding SPRY in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Ra Capital Management, L.P.10,860,977$126.5M1.30%00.0%Unchanged
OrbiMed Advisors LLC8,288,510$96.6M1.98%00.0%Unchanged
Deerfield Management Company, L.P. (Series C)7,503,812$87.4M1.12%00.0%Unchanged
Rubric Capital Management LP6,200,000$72.2M0.86%+1,700,000+37.8%Added
BlackRock, Inc.5,085,317$59.2M0.00%+253,990+5.3%Added
Sr One Capital Management, LP4,012,903$46.8M6.62%00.0%Unchanged
Standard Life Aberdeen plc3,556,049$41.4M0.06%+459,027+14.8%Added
Vanguard Group Inc3,509,174$40.9M0.00%+8,871+0.3%Added
State Street Corp3,223,581$37.6M0.00%+328,325+11.3%Added
Millennium Management LLC3,168,406$36.9M0.03%+3,168,406New
Franklin Resources Inc2,543,097$29.6M0.01%+145,085+6.1%Added
UBS Group AG2,210,866$25.8M0.01%+1,550,980+235.0%Added
Tyro Capital Management LLC1,994,852$23.2M7.23%+1,994,852New
Citadel Advisors LLC1,954,472$22.8M0.02%+368,439+23.2%Added
Casdin Capital, LLC1,600,000$18.6M1.16%00.0%Unchanged
Geode Capital Management, LLC1,552,870$18.1M0.00%+47,253+3.1%Added
Southpoint Capital Advisors LP1,500,000$17.5M0.41%00.0%Unchanged
Janney Montgomery Scott LLC1,287,832$15.0M0.03%+74,812+6.2%Added
Bamco Inc1,268,532$14.8M0.04%00.0%Unchanged
Pavaki Capital Management LLC1,172,000$13.7M9.53%+1,172,000New
Goldman Sachs Group Inc812,036$9.46M0.00%−513,703−38.7%Reduced
FIL Ltd810,073$9.44M0.01%+810,073New
Levin Capital Strategies, L.P.747,506$8.71M0.76%−16,788−2.2%Reduced
Nextech Invest, Ltd.660,703$7.70M0.74%00.0%Unchanged
Bank of Montreal643,407$7.50M0.00%+643,407New
CenterBook Partners LP568,361$6.62M0.32%+55,994+10.9%Added
Raymond James Financial Inc566,056$6.59M0.00%−190,291−25.2%Reduced
General American Investors Co Inc559,959$6.52M0.41%+559,959New
Third Point LLCSuperinvestorThird Point556,237$6.48M0.09%+556,237New
Morgan Stanley552,364$6.44M0.00%−148,050−21.1%Reduced
Charles Schwab Investment Management Inc550,932$6.42M0.00%+30,174+5.8%Added
Northern Trust Corp521,009$6.07M0.00%−10,494−2.0%Reduced
Bank of America Corp482,084$5.62M0.00%+210,058+77.2%Added
American Century Companies Inc455,766$5.31M0.00%+455,766New
Alyeska Investment Group, L.P.418,883$4.88M0.01%+28,791+7.4%Added
JPMorgan Chase & Co417,090$4.86M0.00%+382,031+1,089.7%Added
FMR LLC398,959$4.65M0.00%−343,549−46.3%Reduced
Lisanti Capital Growth, LLC396,509$4.62M1.09%+185,320+87.8%Added
ADAR1 Capital Management, LLC369,569$4.31M0.32%+310,339+524.0%Added
Empire Life Investments Inc.352,602$4.11M0.23%−3,084−0.9%Reduced
Investment Management Associates Inc311,503$3.63M1.01%+311,503New
UBS Asset Management Americas Inc304,445$3.55M0.00%−30,703−9.2%Reduced
Creek Drive Management Group LLC295,863$3.45M2.54%+295,863New
Eversept Partners, LP251,593$2.93M0.16%−724,918−74.2%Reduced
Steward Partners Investment Advisory, LLC216,296$2.52M0.01%+69,604+47.4%Added
Royce & Associates LP207,051$2.41M0.02%+207,051New
Financial Advisory Service, Inc.202,407$2.36M0.15%+1,787+0.9%Added
Boothbay Fund Management, LLC201,474$2.35M0.06%+201,474New
Barclays PLC196,387$2.29M0.00%−32,182−14.1%Reduced
DAFNA Capital Management LLC190,065$2.21M0.51%+49,565+35.3%Added
Dimensional Fund Advisors LP176,122$2.05M0.00%−2,026−1.1%Reduced
Wexford Capital LP165,313$1.93M0.50%−2,925−1.7%Reduced
Bank of New York Mellon Corp163,006$1.90M0.00%+8,402+5.4%Added
Quinn Opportunity Partners LLC155,000$1.81M0.08%+30,000+24.0%Added
Woodline Partners LP150,936$1.76M0.01%00.0%Unchanged
Trexquant Investment LP150,100$1.75M0.02%−481,620−76.2%Reduced
Nuveen, LLC149,597$1.74M0.00%00.0%Unchanged
Knights of Columbus Asset Advisors LLC130,729$1.52M0.09%−3,747−2.8%Reduced
Rafferty Asset Management, LLC115,564$1.35M0.00%−6,846−5.6%Reduced
Principal Financial Group Inc112,766$1.31M0.00%+35,882+46.7%Added
Legato Capital Management LLC109,095$1.27M0.11%+69,685+176.8%Added
Swiss National Bank107,200$1.25M0.00%+22,900+27.2%Added
Sit Investment Associates Inc92,875$1.08M0.02%+18,350+24.6%Added
Cambridge Investment Research Advisors, Inc.87,161$1.01M0.00%00.0%Unchanged
Valley Forge Investment Consultants Inc Adv83,225$969.6K0.28%00.0%Unchanged
Alps Advisors Inc81,168$945.6K0.01%+31,568+63.6%Added
Marshall Wace, LLP79,214$922.8K0.00%−118,106−59.9%Reduced
SG Americas Securities, LLC76,203$888.0K0.00%+66,098+654.1%Added
AssuredPartners Investment Advisors, LLC75,779$882.8K0.13%+17,994+31.1%Added
SEI Investments Co74,807$871.5K0.00%+26,695+55.5%Added
Wells Fargo & Company74,256$865.1K0.00%+414+0.6%Added
Rhumbline Advisers73,293$853.9K0.00%−7,911−9.7%Reduced
HRT Financial LP68,645$799.0K0.00%+68,645New
Alliancebernstein L.P.60,120$700.4K0.00%−2,581,991−97.7%Reduced
Legal & General Group Plc58,368$680.0K0.00%+3,125+5.7%Added
Matisse Capital55,561$647.3K0.29%−2,230−3.9%Reduced
American Assets Inc55,000$640.8K0.20%00.0%Unchanged
California State Teachers Retirement System54,098$630.2K0.00%+9,710+21.9%Added
Coastal Bridge Advisors, LLC53,830$627.1K0.05%−37,845−41.3%Reduced
Quantinno Capital Management LP53,113$618.8K0.00%+12,641+31.2%Added
Permanent Capital Management, LP52,306$609.4K0.12%−1,035−1.9%Reduced
Schulhoff & Co Inc51,150$595.9K0.25%+7,650+17.6%Added
Deutsche Bank AG48,727$567.7K0.00%+6,776+16.2%Added
Los Angeles Capital Management LLC65,746$566.7K0.00%+65,746New
Profund Advisors LLC42,808$498.7K0.02%+16,478+62.6%Added
Fox Run Management, L.L.C.38,587$449.5K0.07%+38,587New
Invesco Ltd.37,230$433.7K0.00%−2,879−7.2%Reduced
XTX Topco Ltd37,201$433.4K0.01%−106,435−74.1%Reduced
Aquatic Capital Management LLC36,037$419.8K0.01%−69,714−65.9%Reduced
MetLife Investment Management34,338$400.0K0.00%00.0%Unchanged
Voya Investment Management LLC34,128$397.6K0.00%−80,725−70.3%Reduced
Mirae Asset Global ETFs Holdings Ltd.34,100$397.2K0.00%+438+1.3%Added
Price T Rowe Associates Inc33,788$394.0K0.00%00.0%Unchanged
Diker Management LLC33,508$390.4K0.30%−10,000−23.0%Reduced
Quest Partners LLC32,970$384.1K0.02%−12,849−28.0%Reduced
Manufacturers Life Insurance Company, The32,058$373.5K0.00%−415−1.3%Reduced
Private Advisor Group, LLC31,460$366.5K0.00%+10,878+52.9%Added
Cresset Asset Management, LLC30,152$351.3K0.00%00.0%Unchanged
Sectoral Asset Management Inc29,803$347.2K0.28%−51,982−63.6%Reduced
Canada Pension Plan Investment Board29,600$344.8K0.00%+29,600New