ARQT Arcutis Biotherapeutics, Inc.

NASDAQ
$23.89

Arcutis Biotherapeutics, Inc. (ARQT) Hedge Fund Activity

This view isolates hedge funds from the broader institutional ownership shown on the Institutional tab. A pension fund tracking an index may have no view on a stock; when a hedge fund builds or exits a position, that decision can carry information. This page measures those changes. Positions as of June 30, 2026.

Based on quarterly 13F long-equity filings. Changes compare reported quarter-end positions; filings can be reported up to 45 days later and do not represent a fund's complete exposure.

Hedge fund breadth
+21.21
20 buyers / 13 sellers
BUYING
Funds compared
35
funds with comparable ARQT positions
31 current holders · 24 prior-quarter holders
Net share change
+2.70M
+6.93M added, -4.23M cut
Position activity
11 new 9 increased 9 reduced 4 exited

Most significant moves

Ranked by conviction, not size — how much of the fund's own book the position represents, how far it moved, and what kind of fund made it.

Fund Action Shares changed Change Est. value Portfolio wt. Score
OrbiMed Advisors Growth Healthcare New +2.04M $53.5M 1.0% 68
Farallon Capital Management Event Value Sold Out -26.0K -100.0% $681.7K 0.0% 60
Balyasny Asset Management L.P. New +243.1K $6.4M 0.0% 59
Holocene Advisors, LP New +163.7K $4.3M 0.0% 58
Magnetar Capital Event Quant New +56.1K $1.5M 0.0% 57
CITADEL ADVISORS LLC Quant Increased +1.14M +7333.1% $30.0M 0.0% 56
Tudor Investment Corporation Macro New +131.9K $3.5M 0.0% 56
MILLENNIUM MANAGEMENT LLC Increased +514.7K +1043.4% $13.5M 0.0% 55
TWO SIGMA INVESTMENTS, LP Quant Increased +429.6K +183.3% $11.3M 0.0% 55
Gotham Asset Management, LLC Quant Value New +19.0K $499.0K 0.0% 54

Most significant buyers

By move score, not size.

  • OrbiMed Advisors New · +2.04M
  • Balyasny Asset Management L.P. New · +243.1K
  • Holocene Advisors, LP New · +163.7K
  • Magnetar Capital New · +56.1K
  • CITADEL ADVISORS LLC Increased · +1.14M

Most significant sellers

By move score, not size.

  • Farallon Capital Management Sold Out · -26.0K
  • RENAISSANCE TECHNOLOGIES LLC Reduced · -382.6K
  • MARSHALL WACE, LLP Reduced · -1.98M
  • Trexquant Investment Sold Out · -17.0K
  • Engineers Gate Sold Out · -66.0K

Hedge fund positions

Fund Tier Shares Previous Change Change % Portfolio wt. Action Score
OrbiMed Advisors 2 2.0M 0 +2.04M 1.0% New 68
Farallon Capital Management 1 0 26.0K -26.0K -100.0% 0.0% Sold Out 60
Balyasny Asset Management L.P. 2 243.1K 0 +243.1K 0.0% New 59
Holocene Advisors, LP 2 163.7K 0 +163.7K 0.0% New 58
Magnetar Capital 2 56.1K 0 +56.1K 0.0% New 57
CITADEL ADVISORS LLC 1 1.2M 15.6K +1.14M +7333.1% 0.0% Increased 56
Tudor Investment Corporation 2 131.9K 0 +131.9K 0.0% New 56
MILLENNIUM MANAGEMENT LLC 2 564.1K 49.3K +514.7K +1043.4% 0.0% Increased 55
TWO SIGMA INVESTMENTS, LP 2 663.9K 234.3K +429.6K +183.3% 0.0% Increased 55
Gotham Asset Management, LLC 2 19.0K 0 +19.0K 0.0% New 54
Jain Global 3 73.1K 0 +73.1K 0.0% New 54
Suvretta Capital Management 2 12.4M 12.3M +110.0K +0.9% 7.0% Increased 53
RENAISSANCE TECHNOLOGIES LLC 1 58.4K 441.0K -382.6K -86.8% 0.0% Reduced 53
Caxton Associates 3 8.4K 0 +8.4K 0.0% New 53
MARSHALL WACE, LLP 2 446.9K 2.4M -1.98M -81.6% 0.0% Reduced 52
CenterBook Partners 4 60.9K 0 +60.9K 0.1% New 51
Trexquant Investment 3 0 17.0K -17.0K -100.0% 0.0% Sold Out 51
Y-Intercept 4 75.6K 0 +75.6K 0.0% New 50
Engineers Gate 4 0 66.0K -66.0K -100.0% 0.0% Sold Out 50
Graham Capital Management 3 10.0K 0 +10.0K 0.0% New 49
Walleye Capital 3 260.0K 50.5K +209.6K +415.3% 0.1% Increased 47
D. E. Shaw & Co., Inc. 1 3.9M 2.5M +1.45M +58.2% 0.1% Increased 46
Quantbot Technologies 4 0 921 -921 -100.0% 0.0% Sold Out 45
Aquatic Capital Management 4 86.1K 34.6K +51.5K +148.9% 0.1% Increased 44
Voloridge Investment Management 2 157.4K 540.5K -383.1K -70.9% 0.0% Reduced 44
Squarepoint Ops LLC 2 537.7K 1.1M -565.7K -51.3% 0.0% Reduced 41
Point72 Asset Management, L.P. 1 362.4K 590.9K -228.4K -38.7% 0.0% Reduced 40
Qube Research & Technologies Ltd 2 361.7K 724.1K -362.4K -50.1% 0.0% Reduced 39
Voleon Capital Management 3 57.9K 123.7K -65.7K -53.2% 0.0% Reduced 35
ADAGE CAPITAL PARTNERS GP, L.L.C. 2 466.0K 366.0K +100.0K +27.3% 0.0% Increased 33
Man Group 3 94.3K 64.2K +30.1K +46.8% 0.0% Increased 33
Quadrature Capital 3 13.9K 23.2K -9.3K -40.2% 0.0% Reduced 32
AQR Capital Management 3 330.3K 468.3K -137.9K -29.5% 0.0% Reduced 29
Rubric Capital Management 1 8.3M 8.3M 0 +0.0% 2.0% Unchanged 35
Woodline Partners LP 2 195.0K 195.0K 0 +0.0% 0.0% Unchanged 18

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Hedge funds are identified from their 13F filings, which are due 45 days after quarter end and cover long U.S.-listed equity positions only. A fund's short book never appears, so a reduced position can mean a changed view or a changed hedge — the filing doesn't say which.