Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tarsus Pharmaceuticals Inc (TARS)

255 + Investors. Track Smart Money conviction in TARS. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
8Q ▲
Buyers last Q
52%

Smart Money Signals — TARS

Based on 257 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 8 quarters in a row

last 6Q
For 8 consecutive quarters, more hedge funds added TARS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
257 hedge funds hold TARS right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +25% more funds vs a year ago

fund count last 6Q
+51 new funds entered over the past year (+25% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 52% buying

142 buying129 selling
Last quarter: 142 funds bought or added vs 129 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~41 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 36 → 54 → 46 → 41. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 39% long-term, 29% new

■ 39% conviction (2yr+) ■ 32% medium ■ 29% new
Of the 257 current holders: 101 (39%) held >2 years, 82 held 1–2 years, and 74 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
➡️

Steady discovery — ~41 new funds/quarter

44 → 36 → 54 → 46 → 41 new funds/Q
New funds entering each quarter: 36 → 54 → 46 → 41. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 47% veterans vs 34% newcomers

■ 47% veterans ■ 19% 1-2yr ■ 34% new
Entry-cohort mix of 265 holders: 125 (47%) are 2+ year veterans, 50 entered 1–2 years ago, and 90 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 41% AUM from top-100 funds

41% from top-100 AUM funds
54 of 255 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in TARS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — TARS

In 2026 Q2, 142 hedge funds were net buyers of TARS (41 opened a new position, 101 added to an existing one), while 129 reduced or exited (91 trimmed, 38 sold completely) — a 52% buyer ratio, indicating a slight buying edge. This marks 8 consecutive quarters of net institutional buying — a persistent conviction signal. 41% of total institutional value in TARS is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 257.

Hedge Fund Ownership: TARS

How many hedge funds hold TARS — quarterly history vs. share price
Quarterly hedge fund ownership of TARS vs. share price

Market Analysis: TARS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TARS

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 2 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: TARS
255 + Investors

Track Smart Money conviction in TARS. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 255 254 0.39%
13F Shares 48M 46M 4.94%
Total Value $2.96B $3.11B -4.61%
New Positions 41 46 -5
Increased Positions 102 91 +11
Closed Positions 38 38 -
Reduced Positions 86 82 +4
Total Calls 6 4 50.0%
Total Puts 4 3 33.33%
PUT/CALL Ratio 0.67 0.75 Bullish

Statistics: TARS

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Institutional Holders (2026 Q2)

255 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TARS. Verified SEC 13F-HR filings.

QUARTER:
Top 25 TARS holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Tang Capital Management LLC 4.48% 1,568,266 $98.7M
2 Deep Track Capital, LP 3.36% 3,666,768 $230.8M
3 Paradigm Biocapital Advisors LP 3.27% 2,775,649 $174.7M
4 Tri Locum Partners LP 2.54% 328,340 $20.7M
5 Rtw Investments, LP 1.80% 3,357,059 $211.3M
6 Vestal Point Capital, LP 1.54% 1,050,000 $66.1M
7 Seven Fleet Capital Management LP 1.31% 117,067 $7.9M
8 HighVista Strategies LLC 1.25% 87,060 $5.5M
9 MPM BioImpact LLC 1.24% 322,007 $20.3M
10 Frazier Life Sciences Management, L.P. 1.00% 728,644 $45.9M
11 Parkman Healthcare Partners LLC 0.97% 150,000 $9.4M
12 Sands Capital Alternatives, LLC 0.87% 85,000 $5.3M
13 Rock Springs Capital Management LP 0.85% 277,087 $17.4M
14 Sectoral Asset Management Inc 0.58% 13,285 $836K
15 Odyssean, LLC 0.42% 41,394 $2.6M
16 Cormorant Asset Management, LP 0.32% 100,000 $6.3M
17 VARCOV Co. 0.31% 13,057 $822K
18 Hussman Strategic Advisors, INC. 0.30% 21,000 $1.3M
19 Virtus Investment Advisers, LLC 0.28% 18,771 $1.2M
20 Emerald Investment Advisers, LLC 0.25% 59,747 $3.8M
21 PSP Research LLC 0.23% 7,000 $441K
22 PFM Health Sciences, LP 0.22% 40,579 $2.6M
23 Ikarian Capital, LLC 0.21% 31,166 $2.0M
24 Yorktown Management & Research Co Inc 0.19% 4,950 $312K
25 Eversept Partners, LP 0.18% 55,710 $3.5M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Tarsus Pharmaceuticals Inc (TARS)

What does the Smart Money Trend signal show for TARS?

Buying streak — 8 quarters in a row: For 8 consecutive quarters, more hedge funds added TARS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for TARS?

Slight buying edge — 52% buying: Last quarter: 142 funds bought or added vs 129 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for TARS holders?

Elite ownership — 41% AUM from top-100 funds: 54 of 255 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in TARS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TARS?

Mixed — 39% long-term, 29% new: Of the 257 current holders: 101 (39%) held >2 years, 82 held 1–2 years, and 74 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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