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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
Wells Fargo & Company119,058$9.75M0.00%+20,307+20.6%Added
Jump Financial, LLC128,087$10.5M0.13%−137,918−51.8%Reduced
Allspring Global Investments Holdings, LLC130,380$10.5M0.02%+1,643+1.3%Added
Canada Pension Plan Investment Board151,100$12.4M0.01%+19,800+15.1%Added
Russell Investments Group, Ltd.153,760$12.6M0.01%+5,431+3.7%Added
OrbiMed Advisors LLC154,400$12.6M0.26%−43,500−22.0%Reduced
Healthcare of Ontario Pension Plan Trust Fund161,830$13.3M0.02%+61,830+61.8%Added
Connor, Clark & Lunn Investment Management Ltd.173,275$14.2M0.04%+69,464+66.9%Added
Integral Health Asset Management, LLC200,000$16.4M0.83%−50,000−20.0%Reduced
Cormorant Asset Management, LP250,000$20.5M1.16%−50,000−16.7%Reduced
Rock Springs Capital Management LP260,344$21.3M1.09%−28,000−9.7%Reduced
Nuveen, LLC322,527$26.4M0.01%−8,153−2.5%Reduced
MPM Oncology Impact Management LP328,869$26.9M3.08%−12,627−3.7%Reduced
TimesSquare Capital Management, LLC332,446$27.2M0.41%+64,941+24.3%Added
Charles Schwab Investment Management Inc333,111$27.3M0.00%+199+0.1%Added
Franklin Resources Inc337,016$27.6M0.01%+314,833+1,419.3%Added
Northern Trust Corp342,486$28.0M0.00%−15,616−4.4%Reduced
BNP Paribas Arbitrage, SA356,105$29.2M0.02%+151,805+74.3%Added
Goldman Sachs Group Inc378,704$31.0M0.00%+37,692+11.1%Added
Qube Research & Technologies Ltd401,241$32.9M0.05%−121,035−23.2%Reduced
Artisan Partners Limited Partnership436,576$35.7M0.05%−121,750−21.8%Reduced
Loomis Sayles & Co L P441,873$36.2M0.04%+51,972+13.3%Added
Ensign Peak Advisors, Inc474,050$38.8M0.07%−8,314−1.7%Reduced
Clearbridge Investments, LLC506,089$41.4M0.03%−60,889−10.7%Reduced
Toronto Dominion Bank510,253$41.8M0.07%−107,330−17.4%Reduced
Price T Rowe Associates Inc518,780$42.5M0.00%+65,923+14.6%Added
Nomura Asset Management International Inc.584,686$47.9M0.07%+584,686New
D. E. Shaw & Co., Inc.615,156$50.4M0.04%+16,849+2.8%Added
FMR LLC647,114$53.0M0.00%+625,253+2,860.1%Added
Frazier Life Sciences Management, L.P.728,644$59.7M1.60%−438,883−37.6%Reduced
Bank of America Corp758,106$62.1M0.00%+222,083+41.4%Added
Lord, Abbett & Co. LLC855,645$70.1M0.21%−129,984−13.2%Reduced
State Street Corp929,059$76.1M0.00%−7,103−0.8%Reduced
Geode Capital Management, LLC947,763$77.6M0.00%+3,267+0.3%Added
Invesco Ltd.1,012,357$82.9M0.01%+75,351+8.0%Added
Assenagon Asset Management S.A.1,127,730$92.3M0.14%−120,224−9.6%Reduced
Driehaus Capital Management LLC1,172,427$96.0M0.65%+141,386+13.7%Added
Tang Capital Management LLC1,188,624$97.3M4.81%−1,266,173−51.6%Reduced
Janus Henderson Group PLC1,930,325$158.1M0.07%+491,326+34.1%Added
Morgan Stanley2,040,742$167.1M0.01%+128,340+6.7%Added
Jennison Associates LLC2,230,069$182.6M0.11%−374,511−14.4%Reduced
Vanguard Group Inc2,399,560$196.5M0.00%+127,470+5.6%Added
Paradigm Biocapital Advisors LP2,562,154$209.8M5.62%−103,544−3.9%Reduced
Deep Track Capital, LP3,004,034$246.0M5.61%+4,034+0.1%Added
RTW Investments, LP3,335,320$273.1M2.74%+157,884+5.0%Added
BlackRock, Inc.3,790,557$310.4M0.01%+10,936+0.3%Added
Macquarie Group Ltd0$00.00%−833,437−100.0%Sold out
Polygon Management Ltd.0$00.00%−125,000−100.0%Sold out
Affinity Asset Advisors, LLC0$00.00%−125,000−100.0%Sold out
Tri Locum Partners LP0$00.00%−119,260−100.0%Sold out
Capitolis Liquid Global Markets LLC0$00.00%−102,600−100.0%Sold out
Dimensional Fund Advisors LP0$00.00%−91,171−100.0%Sold out
Ally Bridge Group (NY) LLC0$00.00%−70,778−100.0%Sold out
Standard Life Aberdeen plc0$00.00%−51,678−100.0%Sold out
Citadel Advisors LLC0$00.00%−43,281−100.0%Sold out
RFG Advisory, LLC0$00.00%−14,941−100.0%Sold out
Capital Fund Management S.A.0$00.00%−12,593−100.0%Sold out
Capstone Investment Advisors, LLC0$00.00%−11,501−100.0%Sold out
Man Group plc0$00.00%−11,211−100.0%Sold out
Omers Administration Corp0$00.00%−10,200−100.0%Sold out
Ieq Capital, LLC0$00.00%−7,627−100.0%Sold out
Inceptionr LLC0$00.00%−7,218−100.0%Sold out
Nations Financial Group Inc,0$00.00%−6,000−100.0%Sold out
Atom Investors LP0$00.00%−5,494−100.0%Sold out
Dark Forest Capital Management LP0$00.00%−5,062−100.0%Sold out
HSBC Holdings PLC0$00.00%−3,521−100.0%Sold out
Group One Trading, L.P.0$00.00%−1,163−100.0%Sold out
Crowley Wealth Management, Inc.0$00.00%−450−100.0%Sold out
Catherine Avery Investment Management LLC0$00.00%−10−100.0%Sold out
Cubist Systematic Strategies, LLC––––Not filed
CIBC Bancorp USA Inc.––––Not filed
Point72 (DIFC) Ltd––––Not filed