Arcutis Biotherapeutics, Inc. (ARQT) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling ARQT?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for Arcutis Biotherapeutics, Inc., showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on ARQT?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for Arcutis Biotherapeutics, Inc..

Is institutional money flowing into ARQT?

146 institutional investors hold Arcutis Biotherapeutics, Inc. (ARQT). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about ARQT?

Track institutional sentiment and conviction scores for Arcutis Biotherapeutics, Inc. (ARQT) including Smart Money Verdict and position changes on HoldingsIntel.

Arcutis Biotherapeutics, Inc.

ARQT·03969K108·US·equity·Healthcare - Biotechnology-Activist

ARQT (Arcutis Biotherapeutics, Inc.) is held by 146 institutional investors as of Q4 2025. Largest holders: BlackRock, Inc. ($264.3M), VANGUARD GROUP INC ($210.7M), JENNISON ASSOCIATES LLC ($196.3M). Net institutional sentiment: Mixed.

146

Holders

Avg rating(9 Elite)

$2.5B

Total Value

66% (154)

Fund Consensus

96 buying - 49 selling

Smart Money VerdictView all

43Weak MomentumSplit Signals

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See how ARQT's score breaks down across 4 SEC sources

Held by 146 funds

9 elite

Who's Trading

InsiderWelgus Howard G.Sell $239KApr 1, 2026

Activist

13F: Dec 31, 2025Insider & Congress: Updated regularly

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
BlackRock, Inc.	Increased	9.1M(+6.1%)	$264.3M	0.0%	+57.11%	33
VANGUARD GROUP INC	Increased	7.3M(+1.5%)	$210.7M	0.0%	+130.63%	31
JENNISON ASSOCIATES LLC	Decreased	6.8M(-44.9%)	$196.3M	0.1%	+148.17%	0
Polar Capital Holdings Plc	Increased	5.6M(+4.9%)	$161.4M	0.6%	+94.52%	45
STATE STREET CORP	Increased	5.5M(+18.3%)	$159.4M	0.0%	+96.15%	36
GILDER GAGNON HOWE & CO LLC	Increased	4.5M(+0.6%)	$129.3M	1.4%	+110.99%	48
MORGAN STANLEY	Increased	4.3M(+1.5%)	$126M	0.0%	+124.18%	31
UBS Group AG	Increased	3.2M(+10.0%)	$94.2M	0.0%	+54.80%	33
GEODE CAPITAL MANAGEMENT, LLC	Increased	2.8M(+5.6%)	$80M	0.0%	+74.66%	31
D. E. Shaw & Co., Inc.	Increased	2.7M(+26.6%)	$77.9M	0.0%	+60.86%	37
DRIEHAUS CAPITAL MANAGEMENT LLC	Increased	2.6M(+133.6%)	$74.4M	0.5%	+6.51%	67
Ensign Peak Advisors, Inc	Decreased	1.9M(-4.5%)	$55.2M	0.1%	+154.25%	0
FRANKLIN RESOURCES INC	Decreased	1.9M(-17.8%)	$55.2M	0.0%	+225.02%	0
JANUS HENDERSON GROUP PLC	Decreased	1.8M(-23.7%)	$53.2M	0.0%	+69.60%	0
BANK OF AMERICA CORP /DE/	Increased	1.7M(+88.2%)	$48.6M	0.0%	+14.76%	46
GOLDMAN SACHS GROUP INC	Decreased	1.6M(-12.7%)	$45.8M	0.0%	+68.47%	0
AMERICAN CENTURY COMPANIES INC	Decreased	1.5M(-11.8%)	$42.6M	0.0%	+74.51%	0
Nuveen, LLC	Increased	1.4M(+0.9%)	$40.1M	0.0%	+38.01%	29
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	Increased	1M(+1.5%)	$29.5M	0.0%	+67.71%	29
NORTHERN TRUST CORP	Increased	955,235(+1.6%)	$27.7M	0.0%	+58.79%	29
DEUTSCHE BANK AG\	Increased	930,202(+146.4%)	$27M	0.0%	+24.61%	46
VOLORIDGE INVESTMENT MANAGEMENT, LLC	Increased	914,020(+9.7%)	$26.5M	0.1%	+21.31%	31
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	New	900,000	$26.1M	0.0%	-15.95%	40
FEDERATED HERMES, INC.	Increased	891,767(+17.4%)	$25.9M	0.0%	+95.74%	33
Candriam S.C.A.	Increased	803,138(+3.2%)	$23.3M	0.1%	+138.59%	35
BNP PARIBAS FINANCIAL MARKETS	Increased	699,803(+1416.5%)	$20.3M	0.0%	-13.81%	46
Qube Research & Technologies Ltd	Decreased	661,415(-18.8%)	$19.2M	0.0%	+50.99%	0
Aberdeen Group plc	Decreased	586,397(-13.1%)	$17M	0.0%	+146.58%	0
BAMCO INC /NY/	New	504,700	$14.7M	0.0%	-15.95%	39
Capitolis Liquid Global Markets LLC	New	500,000	$14.5M	0.1%	-15.95%	39
AQR CAPITAL MANAGEMENT LLC	Increased	499,418(+13.2%)	$14.5M	0.0%	+67.26%	32
Squarepoint Ops LLC	Increased	455,876(+185.2%)	$13.2M	0.0%	+3.81%	45
MARSHALL WACE, LLP	Increased	454,233(+2382.2%)	$13.2M	0.0%	-14.80%	45
Point72 Asset Management, L.P.	New	425,152	$12.3M	0.0%	-15.95%	39
FIRST TRUST ADVISORS LP	Increased	404,654(+79.9%)	$11.8M	0.0%	+13.98%	43
TWO SIGMA INVESTMENTS, LP	Increased	400,862(+320.1%)	$11.6M	0.0%	-2.50%	45
BARCLAYS PLC	Increased	331,578(+1.7%)	$9.6M	0.0%	+83.29%	28
JUPITER ASSET MANAGEMENT LTD	Decreased	326,538(-50.5%)	$9.5M	0.1%	+51.62%	0
Invesco Ltd.	Increased	307,382(+59.3%)	$8.9M	0.0%	+18.94%	40
Bank of New York Mellon Corp	Decreased	304,428(-2.0%)	$8.8M	0.0%	+81.47%	0
WELLS FARGO & COMPANY/MN	Increased	284,243(+170.1%)	$8.3M	0.0%	+3.15%	44
RENAISSANCE TECHNOLOGIES LLC	New	273,999	$8M	0.0%	-15.95%	38
MILLENNIUM MANAGEMENT LLC	Increased	236,770(+57.7%)	$6.9M	0.0%	+30.90%	39
PRUDENTIAL FINANCIAL INC	Increased	234,915(+1585.8%)	$6.8M	0.0%	-12.11%	44
Universal- Beteiligungs- und Servicegesellschaft mbH	Increased	234,071(+170.7%)	$6.8M	0.0%	-4.01%	44
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	Decreased	231,734(-5.0%)	$6.7M	0.0%	+120.14%	0
JANE STREET GROUP, LLC	Decreased	221,426(-38.6%)	$6.4M	0.0%	+54.18%	0
Swiss National Bank	Increased	212,800(+2.4%)	$6.2M	0.0%	+136.52%	28
FMR LLC	Increased	205,424(+22.3%)	$6M	0.0%	+38.00%	33
NORDEA INVESTMENT MANAGEMENT AB	New	201,638	$5.8M	0.0%	-15.95%	38
Woodline Partners LP	Decreased	195,033(-38.0%)	$5.7M	0.0%	+41.05%	0
Rafferty Asset Management, LLC	Increased	172,066(+16.0%)	$5M	0.0%	+90.47%	31
Walleye Capital LLC	Increased	168,604(+714.4%)	$4.9M	0.0%	-10.36%	43
RHUMBLINE ADVISERS	Decreased	161,402(-11.9%)	$4.7M	0.0%	+76.63%	0
TWO SIGMA ADVISERS, LP	Increased	156,100(+933.8%)	$4.5M	0.0%	-12.22%	43
CITADEL ADVISORS LLC	Decreased	155,158(-12.5%)	$4.5M	0.0%	+59.22%	0
RAYMOND JAMES FINANCIAL INC	Increased	144,949(+141.3%)	$4.2M	0.0%	+2.21%	43
MANUFACTURERS LIFE INSURANCE COMPANY, THE	Increased	125,979(+124.9%)	$3.6M	0.0%	+10.25%	43
ALLIANCEBERNSTEIN L.P.	Increased	116,360(+2.6%)	$3.4M	0.0%	+85.12%	27
LPL Financial LLC	Decreased	111,874(-4.3%)	$3.2M	0.0%	+359.82%	0
JPMORGAN CHASE & CO	Increased	106,488(+5.7%)	$3.1M	0.0%	+57.99%	28
TUDOR INVESTMENT CORP ET AL	Increased	106,134(+51.7%)	$3.1M	0.0%	+8.05%	37
SEI INVESTMENTS CO	Increased	104,286(+303.2%)	$3M	0.0%	-7.08%	43
Legal & General Group Plc	Decreased	104,013(-5.0%)	$3M	0.0%	+142.80%	0
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	Decreased	102,439(-1.8%)	$3M	0.0%	+113.36%	0
STATE OF WISCONSIN INVESTMENT BOARD	Decreased	99,247(-19.9%)	$2.9M	0.0%	+77.98%	0
AMERIPRISE FINANCIAL INC	Decreased	98,826(-0.4%)	$2.9M	0.0%	+205.04%	0
TD ASSET MANAGEMENT INC	New	97,200	$2.8M	0.0%	-15.95%	36
LAZARD ASSET MANAGEMENT LLC	Decreased	93,354(-66.6%)	$2.7M	0.0%	+149.23%	0
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	Decreased	88,480(-7.5%)	$2.6M	0.0%	+91.81%	0
Engineers Gate Manager LP	Increased	86,605(+87.1%)	$2.5M	0.0%	+11.65%	41
Pictet Asset Management Holding SA	Increased	87,687(+566.4%)	$2.5M	0.0%	-6.58%	42
Russell Investments Group, Ltd.	Increased	78,057(+253.3%)	$2.3M	0.0%	-4.41%	42
XTX Topco Ltd	Increased	74,358(+557.9%)	$2.2M	0.1%	-9.93%	42
Erste Asset Management GmbH	Unchanged	73,100	$2.1M	0.0%	+46.30%	0
Focus Partners Wealth	Increased	66,573(+2.1%)	$1.9M	0.0%	+62.60%	26
VICTORY CAPITAL MANAGEMENT INC	Increased	66,438(+0.6%)	$1.9M	0.0%	+61.51%	26
MetLife Investment Management, LLC	Decreased	60,298(-6.5%)	$1.8M	0.0%	+84.62%	0
LOS ANGELES CAPITAL MANAGEMENT LLC	Increased	64,503(+2.4%)	$1.6M	0.0%	+105.46%	26
SCHRODER INVESTMENT MANAGEMENT GROUP	Increased	57,136(+1.1%)	$1.6M	0.0%	+26.08%	26
CITIGROUP INC	Increased	55,146(+20.1%)	$1.6M	0.0%	+43.35%	30
Calamos Advisors LLC	New	54,165	$1.6M	0.0%	-15.95%	35
Rockefeller Capital Management L.P.	Increased	551,958(+1317.5%)	$1.5M	0.0%	-13.53%	41
INTECH INVESTMENT MANAGEMENT LLC	Unchanged	50,610	$1.5M	0.0%	+88.54%	0
MACKENZIE FINANCIAL CORP	New	49,025	$1.4M	0.0%	-15.95%	35
WELLINGTON MANAGEMENT GROUP LLP	Decreased	46,188(-0.4%)	$1.3M	0.0%	+130.53%	0
Jain Global LLC	New	44,816	$1.3M	0.0%	-15.95%	35
NEW YORK STATE COMMON RETIREMENT FUND	Decreased	42,913(-11.8%)	$1.2M	0.0%	+53.54%	0
VOYA INVESTMENT MANAGEMENT LLC	Increased	39,884(+107.0%)	$1.2M	0.0%	+22.29%	41
Zurcher Kantonalbank (Zurich Cantonalbank)	Decreased	37,059(-51.4%)	$1.1M	0.0%	+50.11%	0
State of New Jersey Common Pension Fund D	New	36,833	$1.1M	0.0%	-15.95%	35
GUGGENHEIM CAPITAL LLC	New	32,512	$944,149	0.0%	-15.95%	35
KEYBANK NATIONAL ASSOCIATION/OH	Decreased	30,883(-31.4%)	$896,842	0.0%	+215.88%	0
Vontobel Holding Ltd.	Increased	30,004(+124.7%)	$871,316	0.0%	+4.51%	40
Arizona State Retirement System	Decreased	29,868(-5.7%)	$867,367	0.0%	+143.85%	0
Police & Firemen's Retirement System of New Jersey	Decreased	29,244(-1.2%)	$849,246	0.0%	+55.33%	0
D.A. DAVIDSON & CO.	New	28,743	$834,697	0.0%	-15.95%	34
DnB Asset Management AS	Increased	27,786(+3.0%)	$806,905	0.0%	+66.74%	25
Creative Planning	Increased	27,166(+11.8%)	$788,901	0.0%	+65.33%	28
ENVESTNET ASSET MANAGEMENT INC	New	26,531	$770,460	0.0%	-15.95%	34
Mariner, LLC	Increased	26,271(+69.9%)	$761,529	0.0%	+14.62%	37
FARALLON CAPITAL MANAGEMENT LLC	Unchanged	26,000	$755,040	0.0%	+138.14%	0
ProShare Advisors LLC	Increased	25,525(+13.0%)	$741,245	0.0%	+109.13%	28
Cerity Partners LLC	Increased	24,878(+7.3%)	$722,458	0.0%	+38.02%	26
KLP KAPITALFORVALTNING AS	Increased	23,100(+6.0%)	$670,824	0.0%	+58.23%	26
STRS OHIO	Unchanged	21,400	$621,456	0.0%	+50.09%	0
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	Unchanged	20,547	$596,685	0.0%	+70.11%	0
IEQ CAPITAL, LLC	Increased	19,555(+11.5%)	$567,877	0.0%	+38.06%	27
Quantinno Capital Management LP	New	18,856	$547,578	0.0%	-15.95%	34
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Increased	16,432(+15.6%)	$480,143	0.0%	+50.53%	28
TEACHER RETIREMENT SYSTEM OF TEXAS	Decreased	15,980(-39.1%)	$464,059	0.0%	+132.32%	0
VIRGINIA RETIREMENT SYSTEMS ET Al	New	14,250	$413,820	0.0%	-15.95%	33
Mitsubishi UFJ Trust & Banking Corp	New	14,208	$412,600	0.0%	-15.95%	33
PNC FINANCIAL SERVICES GROUP, INC.	Increased	13,597(+58.0%)	$394,856	0.0%	+17.98%	34
FRED ALGER MANAGEMENT, LLC	Increased	13,304(+19.3%)	$386,348	0.0%	+17.13%	28
Merit Financial Group, LLC	Increased	13,017(+29.3%)	$378,014	0.0%	+13.65%	30
COMMERCE BANK	Decreased	12,883(-19.4%)	$374,121	0.0%	+79.37%	0
CAPTRUST FINANCIAL ADVISORS	New	10,679	$310,119	0.0%	-15.95%	32
Kestra Advisory Services, LLC	Decreased	9,446(-6.7%)	$274,312	0.0%	+71.76%	0
XPONANCE LLC	New	9,398	$272,918	0.0%	-15.95%	32
Man Group plc	New	8,959	$260,169	0.0%	-15.95%	32
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Decreased	8,867(-86.5%)	$257,498	0.0%	+86.53%	0
MERCER GLOBAL ADVISORS INC /ADV	New	8,785	$255,117	0.0%	-15.95%	32
CIBC Private Wealth Group LLC	Unchanged	8,434	$244,923	0.0%	+138.80%	0
Verition Fund Management LLC	Decreased	7,482(-79.5%)	$217,277	0.0%	+71.76%	0
CIBC WORLD MARKETS CORP	Decreased	7,282(-44.8%)	$211,469	0.0%	+56.45%	0
JONES FINANCIAL COMPANIES LLLP	Increased	7,275(+2.9%)	$211,266	0.0%	+27.23%	24
Mirae Asset Global Investments Co., Ltd.	Increased	5,952(+28.4%)	$172,846	0.0%	+63.92%	28
OSAIC HOLDINGS, INC.	Increased	5,498(+1.4%)	$159,660	0.0%	+90.34%	23
ROYAL BANK OF CANADA	Decreased	4,985(-97.3%)	$145,000	0.0%	+71.53%	0
First Command Advisory Services, Inc.	Unchanged	2,000	$58,080	0.0%	+630.65%	0
NewEdge Advisors, LLC	Increased	1,545(+209.0%)	$44,867	0.0%	-1.68%	33
ASSETMARK, INC	Decreased	1,517(-18.4%)	$44,054	0.0%	+44.91%	0
NISA INVESTMENT ADVISORS, LLC	Decreased	1,226(-11.1%)	$35,603	0.0%	+140.11%	0
PRICE T ROWE ASSOCIATES INC /MD/	Increased	1.2M(+1228.4%)	$33,872	0.0%	-12.24%	32
HUNTINGTON NATIONAL BANK	Decreased	813(-20.5%)	$23,608	0.0%	+71.46%	0
Allworth Financial LP	Increased	727(+24.1%)	$21,113	0.0%	+16.25%	23
Farther Finance Advisors, LLC	Increased	574(+97.9%)	$16,669	0.0%	+5.54%	29
Optiver Holding B.V.	Decreased	393(-37.5%)	$11,413	0.0%	+57.61%	0
TD Waterhouse Canada Inc.	Unchanged	318	$9,235	0.0%	+66.20%	0
US BANCORP \DE\	New	261	$7,578	0.0%	-15.95%	25
Steward Partners Investment Advisory, LLC	Unchanged	113	$3,282	0.0%	+71.76%	0
COMERICA BANK	Decreased	95(-29.6%)	$2,739	0.0%	+89.71%	0
MAI Capital Management	New	16	$465	0.0%	-15.95%	17
BNP Paribas Asset Management Holding S.A.	Increased	6,812(+527.8%)	$198	0.0%	-8.61%	18
JOHNSON INVESTMENT COUNSEL INC	Exited	0(-100.0%)	$866,034	0.0%	+50.81%	0
Brevan Howard Capital Management LP	Exited	0(-100.0%)	$475,039	0.0%	+80.23%	0
Federation des caisses Desjardins du Quebec	Exited	0(-100.0%)	$43,355	0.0%	+50.81%	0
OMERS ADMINISTRATION Corp	Exited	0(-100.0%)	$399,620	0.0%	+50.81%	0
Trexquant Investment LP	Exited	0(-100.0%)	$406,972	0.0%	+50.81%	0
MATHER GROUP, LLC.	Exited	0(-100.0%)	$3,582	0.0%	+50.81%	0
STIFEL FINANCIAL CORP	Exited	0(-100.0%)	$1.5M	0.0%	+104.37%	0
Schonfeld Strategic Advisors LLC	Exited	0(-100.0%)	$3.6M	0.0%	+106.72%	0

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