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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
Vontobel Holding Ltd.8,844$724.1K0.00%+8,844New
FORA Capital, LLC8,877$726.8K0.09%+8,877New
ProShare Advisors LLC9,034$739.7K0.00%+829+10.1%Added
Arizona State Retirement System9,055$741.4K0.00%−263−2.8%Reduced
Jain Global LLC9,096$744.8K0.01%+9,096New
Two Sigma Advisers, LP9,100$745.1K0.00%+9,100New
Envestnet Asset Management Inc9,290$760.7K0.00%+205+2.3%Added
Entropy Technologies, LP9,396$769.3K0.04%+9,396New
Susquehanna International Group, LLP9,422$771.5K0.00%+9,422New
Police & Firemen's Retirement System of New Jersey10,379$849.8K0.01%−705−6.4%Reduced
Keybank National Association10,705$876.5K0.00%−1,678−13.6%Reduced
State of New Jersey Common Pension Fund D10,806$884.8K0.00%+10,806New
Fox Run Management, L.L.C.11,603$950.1K0.15%+3,166+37.5%Added
Baader Bank INC12,000$982.6K0.08%+7,000+140.0%Added
Janney Montgomery Scott LLC12,885$1.05M0.00%−1,220−8.6%Reduced
SG Americas Securities, LLC13,518$1.11M0.00%+7,339+118.8%Added
Y-Intercept (Hong Kong) Ltd13,642$1.12M0.02%+3,168+30.2%Added
Handelsbanken Fonder AB13,800$1.13M0.00%+13,800New
Intech Investment Management LLC13,823$1.13M0.01%00.0%Unchanged
Creative Planning14,026$1.15M0.00%+1,659+13.4%Added
Sectoral Asset Management Inc14,740$1.21M0.97%−3,665−19.9%Reduced
Cambridge Investment Research Advisors, Inc.15,175$1.24M0.00%+125+0.8%Added
LPL Financial LLC15,283$1.25M0.00%−1,994−11.5%Reduced
Wellington Management Group LLP16,778$1.37M0.00%−571−3.3%Reduced
Hussman Strategic Advisors, Inc.16,800$1.38M0.33%−14,700−46.7%Reduced
Legato Capital Management LLC17,755$1.45M0.13%+9,760+122.1%Added
Mirae Asset Global ETFs Holdings Ltd.18,193$1.49M0.00%+66+0.4%Added
D.A. Davidson & Co.18,233$1.49M0.01%+18,233New
XTX Topco Ltd18,410$1.51M0.04%+13,438+270.3%Added
Two Sigma Investments, LP19,078$1.56M0.00%+9,100+91.2%Added
Quest Partners LLC19,193$1.57M0.09%+3,618+23.2%Added
Jane Street Group, LLC20,486$1.68M0.00%−40,134−66.2%Reduced
Schonfeld Strategic Advisors LLC20,674$1.69M0.01%+20,674New
Engineers Gate Manager LP21,001$1.72M0.02%+14,621+229.2%Added
MetLife Investment Management21,674$1.77M0.01%−1,421−6.2%Reduced
Harbor Capital Advisors, Inc.21,722$1.78M0.14%+6,134+39.4%Added
Squarepoint Ops LLC21,833$1.79M0.00%−59,646−73.2%Reduced
Capricorn Fund Managers Ltd21,982$1.80M0.43%−218,038−90.8%Reduced
Tudor Investment Corp Et Al22,704$1.86M0.01%+22,704New
Voloridge Investment Management, LLC23,363$1.91M0.01%−35,464−60.3%Reduced
Ishara Investments LP24,000$1.97M2.29%+24,000New
HRT Financial LP24,774$2.03M0.01%+24,774New
Campbell & CO Investment Adviser LLC25,364$2.08M0.10%+10,103+66.2%Added
AQR Capital Management LLC25,919$2.12M0.00%−11,176−30.1%Reduced
Los Angeles Capital Management LLC31,493$2.17M0.01%−5,609−15.1%Reduced
PFM Health Sciences, LP27,338$2.24M0.23%+27,338New
Cinctive Capital Management LP28,838$2.36M0.14%+28,838New
Penserra Capital Management LLC29,430$2.41M0.03%+29,430New
California State Teachers Retirement System30,179$2.47M0.00%−40.0%Reduced
Legal & General Group Plc31,096$2.55M0.00%−215−0.7%Reduced
Ikarian Capital, LLC31,166$2.55M0.33%−42,453−57.7%Reduced
State of Wisconsin Investment Board31,912$2.61M0.01%+332+1.1%Added
E. Ohman J:or Asset Management AB33,323$2.73M0.06%−5,000−13.0%Reduced
Calamos Advisors LLC34,442$2.82M0.01%+34,442New
Alps Advisors Inc34,755$2.85M0.02%+13,303+62.0%Added
Raymond James Financial Inc35,649$2.92M0.00%−13,690−27.7%Reduced
Silverarc Capital Management, LLC36,124$2.96M0.43%+36,124New
Pictet Asset Management Holding SA37,578$3.08M0.00%−36,069−49.0%Reduced
Point72 Asset Management, L.P.37,628$3.08M0.00%+37,628New
Voya Investment Management LLC38,071$3.12M0.00%+6,076+19.0%Added
F/M Investments LLC39,240$3.21M0.12%+39,240New
Walleye Capital LLC40,273$3.30M0.02%+30,790+324.7%Added
Alliancebernstein L.P.40,654$3.33M0.00%−300−0.7%Reduced
Caxton Associates LLP40,955$3.35M0.07%+40,955New
New York State Common Retirement Fund43,155$3.53M0.00%−5,452−11.2%Reduced
SEI Investments Co43,344$3.55M0.00%+11,764+37.3%Added
Algert Global LLC45,985$3.77M0.06%+45,985New
Baird Financial Group, Inc.46,928$3.84M0.01%−6,950−12.9%Reduced
Rhumbline Advisers47,080$3.85M0.00%−9,443−16.7%Reduced
Federated Hermes, Inc.49,289$4.04M0.01%+34,057+223.6%Added
Public Sector Pension Investment Board50,000$4.09M0.01%+50,000New
ExodusPoint Capital Management, LP51,487$4.22M0.05%+51,487New
Citigroup Inc51,971$4.26M0.00%+11,380+28.0%Added
HighVista Strategies LLC53,564$4.39M1.13%+28,710+115.5%Added
Trexquant Investment LP54,546$4.47M0.04%+34,542+172.7%Added
Manufacturers Life Insurance Company, The55,283$4.54M0.00%+1,284+2.4%Added
JPMorgan Chase & Co56,646$4.64M0.00%−20,544−26.6%Reduced
Swiss National Bank62,433$5.11M0.00%+1,300+2.1%Added
PDT Partners, LLC63,026$5.16M0.33%00.0%Unchanged
TD Asset Management Inc64,012$5.24M0.00%+11,320+21.5%Added
Renaissance Technologies LLC64,100$5.25M0.01%+22,500+54.1%Added
Lisanti Capital Growth, LLC64,341$5.27M1.25%+21,330+49.6%Added
UBS Asset Management Americas Inc66,335$5.43M0.00%+3,732+6.0%Added
GordonMD Global Investments LP66,680$5.46M3.91%+66,680New
UBS Group AG66,899$5.48M0.00%−51,663−43.6%Reduced
Commonwealth Equity Services, LLC68,295$5.59M0.01%+1,341+2.0%Added
EAM Investors, LLC72,922$5.97M0.67%+72,922New
Voleon Capital Management LP77,375$6.34M0.14%+54,392+236.7%Added
Squadron Capital Management LLC80,000$6.55M2.92%+80,000New
Barclays PLC80,784$6.61M0.00%−11,342−12.3%Reduced
Sands Capital Ventures, LLC85,000$6.96M1.34%−85,000−50.0%Reduced
Woodline Partners LP100,154$8.20M0.03%00.0%Unchanged
Bank of New York Mellon Corp107,760$8.82M0.00%−1,616−1.5%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH109,857$9.00M0.01%+18,267+19.9%Added
First Trust Advisors LP111,770$9.15M0.01%+59,873+115.4%Added
Mutual of America Capital Management LLC114,460$9.37M0.10%−7,881−6.4%Reduced
Millennium Management LLC117,004$9.58M0.01%+16,436+16.3%Added
Norges Bank117,592$9.63M0.00%+117,592New
Deutsche Bank AG118,229$9.68M0.00%−66,221−35.9%Reduced
Jefferies Financial Group Inc.118,810$9.73M0.08%+5,741+5.1%Added