Who owns ARS Pharmaceuticals, Inc. (SPRY)
Which tracked institutional funds hold SPRY, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SPRY company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on SPRY is one-sided between 2025-Q4 and 2026-Q1: 21 added or opened and 68 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
SPRY’s largest tracked holder by dollar value, RA CAPITAL MANAGEMENT, L.P., sizes it at 0.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SPRY divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 202 tracked filers holding SPRY, 100 increased or opened the position and 86 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in SPRY between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 11
- VANGUARD CAPITAL MANAGEMENT LLC$20M
- VANGUARD PORTFOLIO MANAGEMENT LLC$4M
- VANGUARD FIDUCIARY TRUST CO$4M
- FIRST TRUST ADVISORS LP$3M
- Tejara Capital Ltd$2M
- LANDSCAPE CAPITAL MANAGEMENT, L.L.C.$1M
Full exits 14
- VANGUARD GROUP INC$35M
- Casdin Capital, LLC$19M
- Southpoint Capital Advisors LP$17M
- BANK OF MONTREAL /CAN/$7M
- Alyeska Investment Group, L.P.$5M
- Lisanti Capital Growth, LLC$5M
Largest adds
- MILLENNIUM MANAGEMENT LLC$11M
- ADAR1 Capital Management, LLC$7M
- K2 PRINCIPAL FUND, L.P.$4M
- XTX Topco Ltd$2M
- Third Point LLC$2M
- Janney Montgomery Scott LLC$1M
Largest trims
- RA CAPITAL MANAGEMENT, L.P.$39M
- ORBIMED ADVISORS LLC$30M
- DEERFIELD MANAGEMENT COMPANY, L.P.$27M
- BlackRock, Inc.$19M
- SR One Capital Management, LP$15M
- CITADEL ADVISORS LLC$9M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| RA CAPITAL MANAGEMENT, L.P. | 10,860,977 | $87M | 8.5% | 2026-Q1 |
| ORBIMED ADVISORS LLC | 8,288,510 | $67M | 6.5% | 2026-Q1 |
| Rubric Capital Management LP added | 8,000,000 | $64M | 6.2% | 2026-Q1 |
| DEERFIELD MANAGEMENT COMPANY, L.P. | 7,503,812 | $60M | 5.8% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 5,982,919 | $48M | 4.7% | 2026-Q1 |
| BlackRock, Inc. trimmed | 5,012,254 | $40M | 3.9% | 2026-Q1 |
| Aberdeen Group plc added | 4,113,617 | $33M | 3.2% | 2026-Q1 |
| SR One Capital Management, LP | 4,012,903 | $32M | 3.1% | 2026-Q1 |
| STATE STREET CORP added | 3,644,966 | $29M | 2.8% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 3,278,549 | $26M | 2.6% | 2026-Q1 |
| Tyro Capital Management LLC added | 2,968,599 | $24M | 2.3% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 2,542,504 | $20M | 2.0% | 2026-Q1 |
| UBS Group AG added | 2,260,325 | $18M | 1.8% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 2,016,464 | $16M | 1.6% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 1,773,188 | $14M | 1.4% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 1,526,824 | $12M | 1.2% | 2026-Q1 |
| ADAR1 Capital Management, LLC added | 1,361,536 | $11M | 1.1% | 2026-Q1 |
| BAMCO INC /NY/ added | 1,273,341 | $10M | 1.0% | 2026-Q1 |
| Third Point LLC added | 1,000,000 | $8M | 0.8% | 2026-Q1 |
| GENERAL AMERICAN INVESTORS CO INC added | 727,154 | $6M | 0.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 724,219 | $6M | 0.6% | 2026-Q1 |
| Nextech Invest, Ltd. trimmed | 610,703 | $5M | 0.5% | 2026-Q1 |
| K2 PRINCIPAL FUND, L.P. added | 559,697 | $4M | 0.4% | 2026-Q1 |
| LEVIN CAPITAL STRATEGIES, L.P. trimmed | 552,561 | $4M | 0.4% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 533,394 | $4M | 0.4% | 2026-Q1 |
| NORTHERN TRUST CORP added | 529,284 | $4M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 525,224 | $4M | 0.4% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 510,551 | $4M | 0.4% | 2026-Q1 |
| Empire Life Investments Inc. added | 499,150 | $4M | 0.4% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 464,681 | $4M | 0.4% | 2026-Q1 |
| FIL Ltd trimmed | 455,575 | $4M | 0.4% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 446,307 | $4M | 0.3% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 428,599 | $3M | 0.3% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 422,038 | $3M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 382,801 | $3M | 0.3% | 2026-Q1 |
| INVESTMENT MANAGEMENT ASSOCIATES INC /ADV added | 359,074 | $3M | 0.3% | 2026-Q1 |
| FMR LLC trimmed | 342,042 | $3M | 0.3% | 2026-Q1 |
| MORGAN STANLEY trimmed | 316,673 | $3M | 0.2% | 2026-Q1 |
| CenterBook Partners LP trimmed | 291,179 | $2M | 0.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 285,728 | $2M | 0.2% | 2026-Q1 |
| XTX Topco Ltd added | 276,108 | $2M | 0.2% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 250,597 | $2M | 0.2% | 2026-Q1 |
| AMERICAN ASSETS INC trimmed | 7,000 | $2M | 0.2% | 2026-Q1 |
| Tejara Capital Ltd added | 210,400 | $2M | 0.2% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 172,339 | $1M | 0.1% | 2026-Q1 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. new | 168,789 | $1M | 0.1% | 2026-Q1 |
| Bank of New York Mellon Corp added | 164,064 | $1M | 0.1% | 2026-Q1 |
| Quinn Opportunity Partners LLC | 155,000 | $1M | 0.1% | 2026-Q1 |
| Nuveen, LLC added | 150,696 | $1M | 0.1% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 146,453 | $1M | 0.1% | 2026-Q1 |
| DAFNA Capital Management LLC trimmed | 139,285 | $1M | 0.1% | 2026-Q1 |
| Eversept Partners, LP trimmed | 136,235 | $1M | 0.1% | 2026-Q1 |
| WEXFORD CAPITAL LP trimmed | 130,313 | $1M | 0.1% | 2026-Q1 |
| Knights of Columbus Asset Advisors LLC trimmed | 130,032 | $1M | 0.1% | 2026-Q1 |
| Rafferty Asset Management, LLC added | 117,635 | $945K | 0.1% | 2026-Q1 |
| Squarepoint Ops LLC added | 114,273 | $918K | 0.1% | 2026-Q1 |
| Swiss National Bank | 107,200 | $861K | 0.1% | 2026-Q1 |
| MARSHALL WACE, LLP added | 105,006 | $843K | 0.1% | 2026-Q1 |
| Quantinno Capital Management LP added | 101,412 | $814K | 0.1% | 2026-Q1 |
| ExodusPoint Capital Management, LP added | 96,093 | $772K | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 3,011,475 | $35M | 3.4% | 2025-Q4 stale |
| ADAGE CAPITAL PARTNERS GP, L.L.C. new | 1,728,000 | $30M | 2.9% | 2025-Q2 stale |
| WELLINGTON MANAGEMENT GROUP LLP added | 1,433,187 | $25M | 2.4% | 2025-Q2 stale |
| Octagon Capital Advisors LP added | 1,350,000 | $24M | 2.3% | 2025-Q2 stale |
| Cormorant Asset Management, LP trimmed | 1,100,000 | $19M | 1.9% | 2025-Q2 stale |
| Casdin Capital, LLC | 1,600,000 | $19M | 1.8% | 2025-Q4 stale |
| Southpoint Capital Advisors LP | 1,500,000 | $17M | 1.7% | 2025-Q4 stale |
| MPM BIOIMPACT LLC | 1,303,399 | $13M | 1.3% | 2025-Q3 stale |
| NEXT CENTURY GROWTH INVESTORS LLC new | 622,823 | $11M | 1.1% | 2025-Q2 stale |
| Qube Research & Technologies Ltd added | 1,034,798 | $10M | 1.0% | 2025-Q3 stale |
| ARDSLEY ADVISORY PARTNERS LP added | 475,000 | $8M | 0.8% | 2025-Q2 stale |
| Driehaus Capital Management LLC new | 464,030 | $8M | 0.8% | 2025-Q2 stale |
| PEREGRINE CAPITAL MANAGEMENT LLC trimmed | 456,979 | $8M | 0.8% | 2025-Q2 stale |
| First Turn Management, LLC trimmed | 455,953 | $8M | 0.8% | 2025-Q2 stale |
| BANK OF MONTREAL /CAN/ added | 643,407 | $7M | 0.7% | 2025-Q4 stale |
| AMERIPRISE FINANCIAL INC added | 345,055 | $6M | 0.6% | 2025-Q2 stale |
| NEUBERGER BERMAN GROUP LLC added | 324,877 | $6M | 0.5% | 2025-Q2 stale |
| Allspring Global Investments Holdings, LLC trimmed | 294,111 | $5M | 0.5% | 2025-Q2 stale |
| Alyeska Investment Group, L.P. added | 418,883 | $5M | 0.5% | 2025-Q4 stale |
| Lisanti Capital Growth, LLC added | 396,509 | $5M | 0.4% | 2025-Q4 stale |
| Nicholas Investment Partners, LP trimmed | 255,107 | $4M | 0.4% | 2025-Q2 stale |
| Creek Drive Management Group LLC new | 295,863 | $3M | 0.3% | 2025-Q4 stale |
| Advisor Resource Council new | 249,230 | $3M | 0.3% | 2025-Q1 stale |
| Avidity Partners Management LP new | 140,000 | $2M | 0.2% | 2025-Q2 stale |
| JANE STREET GROUP, LLC added | 242,037 | $2M | 0.2% | 2025-Q3 stale |
| FAS Wealth Partners, Inc. added | 202,407 | $2M | 0.2% | 2025-Q4 stale |
| VICTORY CAPITAL MANAGEMENT INC added | 199,153 | $2M | 0.2% | 2025-Q3 stale |
| Universal- Beteiligungs- und Servicegesellschaft mbH new | 101,679 | $2M | 0.2% | 2025-Q2 stale |
| Woodline Partners LP | 150,936 | $2M | 0.2% | 2025-Q4 stale |
| Trexquant Investment LP trimmed | 150,100 | $2M | 0.2% | 2025-Q4 stale |
| HUSSMAN STRATEGIC ADVISORS, INC. added | 147,000 | $1M | 0.1% | 2025-Q3 stale |
| PRINCIPAL FINANCIAL GROUP INC added | 112,766 | $1M | 0.1% | 2025-Q4 stale |
| Legato Capital Management LLC added | 109,095 | $1M | 0.1% | 2025-Q4 stale |
| Harbour Capital Advisors, LLC added | 57,950 | $971K | 0.1% | 2025-Q2 stale |
| Epoch Investment Partners, Inc. added | 89,980 | $904K | 0.1% | 2025-Q3 stale |
| SG Americas Securities, LLC added | 76,203 | $888K | 0.1% | 2025-Q4 stale |
| Miura Global Management, LLC trimmed | 50,000 | $872K | 0.1% | 2025-Q2 stale |
| HRT FINANCIAL LP added | 68,645 | $799K | 0.1% | 2025-Q4 stale |
| GSA CAPITAL PARTNERS LLP added | 45,252 | $790K | 0.1% | 2025-Q2 stale |
| Sculptor Capital LP new | 77,100 | $775K | 0.1% | 2025-Q3 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.