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Tarsus Pharmaceuticals, Inc.

TARS
Exchange
Nasdaq
Industry
Biological Products, (No Diagnostic Substances)
SEC CIK
0001819790

In the last 90 days, Tarsus Pharmaceuticals, Inc. insiders filed 0 open-market purchases and 6 sales; 256 institutions reported holding it in 13F filings for Q2 2026, worth $2.98B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Tarsus 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
246
+29 vs. Q3 2025
Shares held
44.1M
−761.0K (−1.7%) vs. Q3 2025
Total value
$3.61B
+$943.5M (+35.4%) vs. Q3 2025
New holders
52
84 more added
Sold out
23
85 more reduced

3 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 TARS 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: 246 institutions
Q1 2021: 41 institutionsQ2 2021: 44 institutionsQ3 2021: 44 institutionsQ4 2021: 43 institutionsQ1 2022: 51 institutionsQ2 2022: 73 institutionsQ3 2022: 75 institutionsQ4 2022: 69 institutionsQ1 2023: 74 institutionsQ2 2023: 92 institutionsQ3 2023: 105 institutionsQ4 2023: 116 institutionsQ1 2024: 157 institutionsQ2 2024: 148 institutionsQ3 2024: 162 institutionsQ4 2024: 195 institutionsQ1 2025: 195 institutionsQ2 2025: 205 institutionsQ3 2025: 220 institutionsQ4 2025: 246 institutionsQ1 2026: 253 institutionsQ2 2026: 256 institutions
Value heldQ4 2025: $3.61B
Q1 2021: $410.4MQ2 2021: $378.5MQ3 2021: $277.4MQ4 2021: $294.2MQ1 2022: $222.2MQ2 2022: $291.7MQ3 2022: $350.8MQ4 2022: $301.0MQ1 2023: $252.1MQ2 2023: $387.3MQ3 2023: $529.4MQ4 2023: $652.0MQ1 2024: $1.43BQ2 2024: $1.09BQ3 2024: $1.43BQ4 2024: $2.23BQ1 2025: $2.26BQ2 2025: $1.87BQ3 2025: $2.67BQ4 2025: $3.61BQ1 2026: $3.17BQ2 2026: $2.98B
Institutions holding TARS and their total value by quarter
QuarterHoldersValue
Q2 2026256$2.98B
Q1 2026253$3.17B
Q4 2025246$3.61B
Q3 2025220$2.67B
Q2 2025205$1.87B
Q1 2025195$2.26B
Q4 2024195$2.23B
Q3 2024162$1.43B
Q2 2024148$1.09B
Q1 2024157$1.43B
Q4 2023116$652.0M
Q3 2023105$529.4M
Q2 202392$387.3M
Q1 202374$252.1M
Q4 202269$301.0M
Q3 202275$350.8M
Q2 202273$291.7M
Q1 202251$222.2M
Q4 202143$294.2M
Q3 202144$277.4M
Q2 202144$378.5M
Q1 202141$410.4M

Institutions, Q4 2025

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

Institutions holding TARS in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.3,790,557$310.4M0.01%+10,936+0.3%Added
RTW Investments, LP3,335,320$273.1M2.74%+157,884+5.0%Added
Deep Track Capital, LP3,004,034$246.0M5.61%+4,034+0.1%Added
Paradigm Biocapital Advisors LP2,562,154$209.8M5.62%−103,544−3.9%Reduced
Vanguard Group Inc2,399,560$196.5M0.00%+127,470+5.6%Added
Jennison Associates LLC2,230,069$182.6M0.11%−374,511−14.4%Reduced
Morgan Stanley2,040,742$167.1M0.01%+128,340+6.7%Added
Janus Henderson Group PLC1,930,325$158.1M0.07%+491,326+34.1%Added
Tang Capital Management LLC1,188,624$97.3M4.81%−1,266,173−51.6%Reduced
Driehaus Capital Management LLC1,172,427$96.0M0.65%+141,386+13.7%Added
Assenagon Asset Management S.A.1,127,730$92.3M0.14%−120,224−9.6%Reduced
Invesco Ltd.1,012,357$82.9M0.01%+75,351+8.0%Added
Geode Capital Management, LLC947,763$77.6M0.00%+3,267+0.3%Added
State Street Corp929,059$76.1M0.00%−7,103−0.8%Reduced
Lord, Abbett & Co. LLC855,645$70.1M0.21%−129,984−13.2%Reduced
Bank of America Corp758,106$62.1M0.00%+222,083+41.4%Added
Frazier Life Sciences Management, L.P.728,644$59.7M1.60%−438,883−37.6%Reduced
FMR LLC647,114$53.0M0.00%+625,253+2,860.1%Added
D. E. Shaw & Co., Inc.615,156$50.4M0.04%+16,849+2.8%Added
Nomura Asset Management International Inc.584,686$47.9M0.07%+584,686New
Price T Rowe Associates Inc518,780$42.5M0.00%+65,923+14.6%Added
Toronto Dominion Bank510,253$41.8M0.07%−107,330−17.4%Reduced
Clearbridge Investments, LLC506,089$41.4M0.03%−60,889−10.7%Reduced
Ensign Peak Advisors, Inc474,050$38.8M0.07%−8,314−1.7%Reduced
Loomis Sayles & Co L P441,873$36.2M0.04%+51,972+13.3%Added
Artisan Partners Limited Partnership436,576$35.7M0.05%−121,750−21.8%Reduced
Qube Research & Technologies Ltd401,241$32.9M0.05%−121,035−23.2%Reduced
Goldman Sachs Group Inc378,704$31.0M0.00%+37,692+11.1%Added
BNP Paribas Arbitrage, SA356,105$29.2M0.02%+151,805+74.3%Added
Northern Trust Corp342,486$28.0M0.00%−15,616−4.4%Reduced
Franklin Resources Inc337,016$27.6M0.01%+314,833+1,419.3%Added
Charles Schwab Investment Management Inc333,111$27.3M0.00%+199+0.1%Added
TimesSquare Capital Management, LLC332,446$27.2M0.41%+64,941+24.3%Added
MPM Oncology Impact Management LP328,869$26.9M3.08%−12,627−3.7%Reduced
Nuveen, LLC322,527$26.4M0.01%−8,153−2.5%Reduced
Rock Springs Capital Management LP260,344$21.3M1.09%−28,000−9.7%Reduced
Cormorant Asset Management, LP250,000$20.5M1.16%−50,000−16.7%Reduced
Integral Health Asset Management, LLC200,000$16.4M0.83%−50,000−20.0%Reduced
Connor, Clark & Lunn Investment Management Ltd.173,275$14.2M0.04%+69,464+66.9%Added
Healthcare of Ontario Pension Plan Trust Fund161,830$13.3M0.02%+61,830+61.8%Added
OrbiMed Advisors LLC154,400$12.6M0.26%−43,500−22.0%Reduced
Russell Investments Group, Ltd.153,760$12.6M0.01%+5,431+3.7%Added
Canada Pension Plan Investment Board151,100$12.4M0.01%+19,800+15.1%Added
Allspring Global Investments Holdings, LLC130,380$10.5M0.02%+1,643+1.3%Added
Jump Financial, LLC128,087$10.5M0.13%−137,918−51.8%Reduced
Wells Fargo & Company119,058$9.75M0.00%+20,307+20.6%Added
Jefferies Financial Group Inc.118,810$9.73M0.08%+5,741+5.1%Added
Deutsche Bank AG118,229$9.68M0.00%−66,221−35.9%Reduced
Norges Bank117,592$9.63M0.00%+117,592New
Millennium Management LLC117,004$9.58M0.01%+16,436+16.3%Added
Mutual of America Capital Management LLC114,460$9.37M0.10%−7,881−6.4%Reduced
First Trust Advisors LP111,770$9.15M0.01%+59,873+115.4%Added
Universal- Beteiligungs- und Servicegesellschaft mbH109,857$9.00M0.01%+18,267+19.9%Added
Bank of New York Mellon Corp107,760$8.82M0.00%−1,616−1.5%Reduced
Woodline Partners LP100,154$8.20M0.03%00.0%Unchanged
Sands Capital Ventures, LLC85,000$6.96M1.34%−85,000−50.0%Reduced
Barclays PLC80,784$6.61M0.00%−11,342−12.3%Reduced
Squadron Capital Management LLC80,000$6.55M2.92%+80,000New
Voleon Capital Management LP77,375$6.34M0.14%+54,392+236.7%Added
EAM Investors, LLC72,922$5.97M0.67%+72,922New
Commonwealth Equity Services, LLC68,295$5.59M0.01%+1,341+2.0%Added
UBS Group AG66,899$5.48M0.00%−51,663−43.6%Reduced
GordonMD Global Investments LP66,680$5.46M3.91%+66,680New
UBS Asset Management Americas Inc66,335$5.43M0.00%+3,732+6.0%Added
Lisanti Capital Growth, LLC64,341$5.27M1.25%+21,330+49.6%Added
Renaissance Technologies LLC64,100$5.25M0.01%+22,500+54.1%Added
TD Asset Management Inc64,012$5.24M0.00%+11,320+21.5%Added
PDT Partners, LLC63,026$5.16M0.33%00.0%Unchanged
Swiss National Bank62,433$5.11M0.00%+1,300+2.1%Added
JPMorgan Chase & Co56,646$4.64M0.00%−20,544−26.6%Reduced
Manufacturers Life Insurance Company, The55,283$4.54M0.00%+1,284+2.4%Added
Trexquant Investment LP54,546$4.47M0.04%+34,542+172.7%Added
HighVista Strategies LLC53,564$4.39M1.13%+28,710+115.5%Added
Citigroup Inc51,971$4.26M0.00%+11,380+28.0%Added
ExodusPoint Capital Management, LP51,487$4.22M0.05%+51,487New
Public Sector Pension Investment Board50,000$4.09M0.01%+50,000New
Federated Hermes, Inc.49,289$4.04M0.01%+34,057+223.6%Added
Rhumbline Advisers47,080$3.85M0.00%−9,443−16.7%Reduced
Baird Financial Group, Inc.46,928$3.84M0.01%−6,950−12.9%Reduced
Algert Global LLC45,985$3.77M0.06%+45,985New
SEI Investments Co43,344$3.55M0.00%+11,764+37.3%Added
New York State Common Retirement Fund43,155$3.53M0.00%−5,452−11.2%Reduced
Caxton Associates LLP40,955$3.35M0.07%+40,955New
Alliancebernstein L.P.40,654$3.33M0.00%−300−0.7%Reduced
Walleye Capital LLC40,273$3.30M0.02%+30,790+324.7%Added
F/M Investments LLC39,240$3.21M0.12%+39,240New
Voya Investment Management LLC38,071$3.12M0.00%+6,076+19.0%Added
Point72 Asset Management, L.P.37,628$3.08M0.00%+37,628New
Pictet Asset Management Holding SA37,578$3.08M0.00%−36,069−49.0%Reduced
Silverarc Capital Management, LLC36,124$2.96M0.43%+36,124New
Raymond James Financial Inc35,649$2.92M0.00%−13,690−27.7%Reduced
Alps Advisors Inc34,755$2.85M0.02%+13,303+62.0%Added
Calamos Advisors LLC34,442$2.82M0.01%+34,442New
E. Ohman J:or Asset Management AB33,323$2.73M0.06%−5,000−13.0%Reduced
State of Wisconsin Investment Board31,912$2.61M0.01%+332+1.1%Added
Ikarian Capital, LLC31,166$2.55M0.33%−42,453−57.7%Reduced
Legal & General Group Plc31,096$2.55M0.00%−215−0.7%Reduced
California State Teachers Retirement System30,179$2.47M0.00%−40.0%Reduced
Penserra Capital Management LLC29,430$2.41M0.03%+29,430New
Cinctive Capital Management LP28,838$2.36M0.14%+28,838New