Phathom Pharmaceuticals, Inc. (PHAT) 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 PHAT?

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

What is the Smart Money Verdict on PHAT?

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

Is institutional money flowing into PHAT?

93 institutional investors hold Phathom Pharmaceuticals, Inc. (PHAT). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about PHAT?

Track institutional sentiment and conviction scores for Phathom Pharmaceuticals, Inc. (PHAT) including Smart Money Verdict and position changes on HoldingsIntel.

Phathom Pharmaceuticals, Inc.

PHAT·71722W107·US·equity·Healthcare - Biotechnology-Activist

PHAT (Phathom Pharmaceuticals, Inc.) is held by 93 institutional investors as of Q4 2025. Largest holders: Invesco Ltd. ($65M), BlackRock, Inc. ($59M), Carlyle Group Inc. ($58M). Net institutional sentiment: Mixed.

Holders

Avg rating(6 Elite)

$490.3M

Total Value

61% (97)

Fund Consensus

55 buying - 35 selling

Smart Money VerdictView all

55Mixed MomentumSplit Signals

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

Held by 93 funds

6 elite

Who's Trading

ActivistMillennium Management LLC5.3%Mar 12, 2026

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

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
Invesco Ltd.	Increased	3.9M(+1.4%)	$65M	0.0%	-48.76%	30
BlackRock, Inc.	Increased	3.6M(+4.5%)	$59M	0.0%	+30.52%	31
Carlyle Group Inc.	Unchanged	3.5M	$58M	0.4%	+40.32%	0
VANGUARD GROUP INC	Decreased	3.2M(-1.2%)	$52.7M	0.0%	-32.74%	0
Ensign Peak Advisors, Inc	Decreased	2.4M(-6.0%)	$39M	0.1%	-43.13%	0
MILLENNIUM MANAGEMENT LLC	Decreased	2.1M(-59.0%)	$34.5M	0.0%	+6.45%	0
WASATCH ADVISORS LP	Decreased	1.3M(-13.4%)	$22.1M	0.1%	+17.99%	0
STATE STREET CORP	Increased	1.1M(+9.1%)	$19.1M	0.0%	+0.60%	31
GEODE CAPITAL MANAGEMENT, LLC	Decreased	1.1M(-1.4%)	$17.8M	0.0%	-32.90%	0
MOORE CAPITAL MANAGEMENT, LP	Unchanged	600,000	$10M	0.1%	+13.45%	0
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Increased	549,171(+256.0%)	$9.1M	0.0%	-32.22%	45
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	Increased	397,910(+8.8%)	$6.6M	0.0%	-35.71%	30
GOLDMAN SACHS GROUP INC	Increased	392,045(+157.9%)	$6.5M	0.0%	-18.01%	44
JANE STREET GROUP, LLC	Increased	384,770(+258.7%)	$6.4M	0.0%	-28.07%	44
NORTHERN TRUST CORP	Decreased	356,466(-0.3%)	$5.9M	0.0%	-45.01%	0
CITADEL ADVISORS LLC	Decreased	311,315(-38.8%)	$5.2M	0.0%	-2.47%	0
UBS Group AG	Decreased	304,383(-10.0%)	$5M	0.0%	+36.21%	0
JPMORGAN CHASE & CO	Increased	296,684(+116.6%)	$4.9M	0.0%	-13.72%	43
Brevan Howard Capital Management LP	Increased	276,989(+376.8%)	$4.6M	0.1%	-29.11%	43
D. E. Shaw & Co., Inc.	New	261,068	$4.3M	0.0%	-34.69%	37
BANK OF AMERICA CORP /DE/	Increased	258,996(+4.0%)	$4.3M	0.0%	+7.31%	28
BALYASNY ASSET MANAGEMENT L.P.	Decreased	207,085(-29.8%)	$3.4M	0.0%	-0.62%	0
NewEdge Advisors, LLC	Decreased	200,823(-0.3%)	$3.2M	0.0%	-2.47%	0
Woodline Partners LP	Unchanged	187,291	$3.1M	0.0%	-29.45%	0
AMERIPRISE FINANCIAL INC	Decreased	185,744(-66.5%)	$3.1M	0.0%	+2.21%	0
GILDER GAGNON HOWE & CO LLC	Increased	145,174(+64.0%)	$2.4M	0.0%	-25.75%	38
Trexquant Investment LP	Increased	136,824(+75.0%)	$2.3M	0.0%	-19.49%	39
WELLINGTON MANAGEMENT GROUP LLP	Decreased	134,546(-8.1%)	$2.2M	0.0%	-2.47%	0
Bank of New York Mellon Corp	Decreased	122,967(-3.5%)	$2M	0.0%	-37.95%	0
MORGAN STANLEY	Decreased	117,781(-53.9%)	$2M	0.0%	+13.57%	0
Nuveen, LLC	Decreased	108,846(-1.1%)	$1.8M	0.0%	+61.43%	0
GROUP ONE TRADING LLC	Increased	103,684(+2340.8%)	$1.7M	0.0%	-33.80%	41
BARCLAYS PLC	Decreased	84,859(-33.9%)	$1.4M	0.0%	-8.55%	0
Swiss National Bank	New	84,000	$1.4M	0.0%	-34.69%	35
Creative Planning	Increased	80,766(+3.5%)	$1.3M	0.0%	+20.93%	26
WELLS FARGO & COMPANY/MN	Increased	68,016(+26.8%)	$1.1M	0.0%	-1.95%	31
TWO SIGMA INVESTMENTS, LP	New	57,783	$958,620	0.0%	-34.69%	35
AQR CAPITAL MANAGEMENT LLC	Increased	54,448(+3.5%)	$903,293	0.0%	+49.51%	26
RHUMBLINE ADVISERS	Decreased	52,093(-15.6%)	$864,211	0.0%	-26.09%	0
STIFEL FINANCIAL CORP	Increased	51,661(+160.0%)	$857,056	0.0%	-15.86%	40
ALLIANCEBERNSTEIN L.P.	Increased	49,390(+8.3%)	$819,380	0.0%	-24.02%	27
Engineers Gate Manager LP	New	44,258	$734,240	0.0%	-34.69%	34
NEW YORK STATE COMMON RETIREMENT FUND	Increased	41,756(+287.7%)	$692,732	0.0%	-39.50%	40
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	Increased	40,143(+1288.5%)	$665,972	0.0%	-36.14%	40
XTX Topco Ltd	Decreased	39,400(-27.8%)	$653,646	0.0%	+9.53%	0
Legal & General Group Plc	Increased	34,249(+738.0%)	$568,190	0.0%	-33.49%	39
DEUTSCHE BANK AG\	Increased	33,380(+12.9%)	$553,774	0.0%	-23.42%	27
Schonfeld Strategic Advisors LLC	New	30,944	$513,359	0.0%	-34.69%	33
COMMONWEALTH EQUITY SERVICES, LLC	Increased	30,940(+1.1%)	$513,290	0.0%	+29.98%	24
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	New	30,631	$508,168	0.0%	-34.69%	33
TUDOR INVESTMENT CORP ET AL	Decreased	28,554(-16.2%)	$473,711	0.0%	-2.47%	0
CITIGROUP INC	Increased	28,459(+108.7%)	$472,134	0.0%	-8.16%	39
LOS ANGELES CAPITAL MANAGEMENT LLC	New	33,425	$444,888	0.0%	-34.69%	33
MetLife Investment Management, LLC	Unchanged	25,845	$428,769	0.0%	-31.46%	0
RAYMOND JAMES FINANCIAL INC	Increased	24,390(+82.1%)	$404,630	0.0%	-19.01%	37
ROYAL BANK OF CANADA	Decreased	22,554(-86.1%)	$374,000	0.0%	+14.21%	0
ExodusPoint Capital Management, LP	Decreased	22,401(-68.6%)	$371,633	0.0%	+7.02%	0
Jain Global LLC	New	21,737	$360,617	0.0%	-34.69%	33
JANUS HENDERSON GROUP PLC	New	21,500	$356,578	0.0%	-34.69%	33
Zurcher Kantonalbank (Zurich Cantonalbank)	New	19,890	$329,975	0.0%	-34.69%	33
INTECH INVESTMENT MANAGEMENT LLC	Decreased	19,051(-11.6%)	$316,056	0.0%	-8.50%	0
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	Decreased	18,460(-4.9%)	$306,251	0.0%	+4.60%	0
Virtu Financial LLC	New	15,540	$258,000	0.0%	-34.69%	32
STATE OF WISCONSIN INVESTMENT BOARD	New	15,285	$253,578	0.0%	-34.69%	32
Pathstone Holdings, LLC	Increased	14,900(+44.4%)	$247,191	0.0%	-15.31%	31
Private Advisor Group, LLC	Unchanged	14,580	$241,882	0.0%	+13.45%	0
KLP KAPITALFORVALTNING AS	New	14,000	$232,260	0.0%	-34.69%	32
Rafferty Asset Management, LLC	New	13,855	$229,854	0.0%	-34.69%	32
MANUFACTURERS LIFE INSURANCE COMPANY, THE	Decreased	12,438(-14.9%)	$206,346	0.0%	-9.02%	0
Police & Firemen's Retirement System of New Jersey	Unchanged	11,925	$197,836	0.0%	+22.43%	0
Arizona State Retirement System	New	11,867	$196,874	0.0%	-34.69%	32
Allworth Financial LP	Decreased	10,450(-48.9%)	$173,366	0.0%	+9.77%	0
ProShare Advisors LLC	New	10,377	$172,155	0.0%	-34.69%	31
BNP PARIBAS FINANCIAL MARKETS	Increased	9,790(+10.9%)	$162,416	0.0%	+4.93%	25
FMR LLC	Increased	7,181(+2.6%)	$119,139	0.0%	+26.37%	15
Russell Investments Group, Ltd.	Increased	6,644(+4.4%)	$110,223	0.0%	+14.87%	23
OSAIC HOLDINGS, INC.	Decreased	6,450(-41.1%)	$107,006	0.0%	+52.47%	0
CANADA PENSION PLAN INVESTMENT BOARD	Increased	4,600(+12.2%)	$76,314	0.0%	-7.44%	24
Mirae Asset Global Investments Co., Ltd.	Increased	3,457(+26.0%)	$57,352	0.0%	-17.70%	26
JONES FINANCIAL COMPANIES LLLP	Increased	2,871(+13.8%)	$47,630	0.0%	-5.96%	16
Kestra Advisory Services, LLC	New	2,275	$37,742	0.0%	-34.69%	28
HUNTINGTON NATIONAL BANK	Decreased	1,986(-1.8%)	$32,949	0.0%	-9.02%	0
SIMPLEX TRADING, LLC	Decreased	1,599(-92.0%)	$26,527	0.0%	-2.47%	0
PNC FINANCIAL SERVICES GROUP, INC.	Decreased	1,421(-8.2%)	$23,575	0.0%	+4.77%	0
NISA INVESTMENT ADVISORS, LLC	Increased	568(+202.1%)	$9,423	0.0%	-22.80%	19
FEDERATED HERMES, INC.	New	549	$9,108	0.0%	-34.69%	26
Farther Finance Advisors, LLC	Unchanged	342	$5,674	0.0%	+65.57%	0
US BANCORP \DE\	Decreased	277(-96.2%)	$4,595	0.0%	-1.34%	0
Optiver Holding B.V.	Decreased	198(-66.1%)	$3,285	0.0%	-2.47%	0
Rockefeller Capital Management L.P.	New	155	$2,571	0.0%	-34.69%	19
PRICE T ROWE ASSOCIATES INC /MD/	Increased	37,071(+16.1%)	$616	0.0%	-0.51%	13
HRT FINANCIAL LP	Increased	27,010(+19.9%)	$448	0.0%	-9.86%	13
BNP Paribas Asset Management Holding S.A.	New	604	$10	0.0%	-34.69%	17
Walleye Capital LLC	Exited	0(-100.0%)	$3.4M	0.0%	+49.34%	0
Quadrature Capital Ltd	Exited	0(-100.0%)	$355,999	0.0%	+49.34%	0
Savant Capital, LLC	Exited	0(-100.0%)	$138,545	0.0%	+73.72%	0
OMERS ADMINISTRATION Corp	Exited	0(-100.0%)	$194,205	0.0%	+49.34%	0

Phathom Pharmaceuticals, Inc.

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