KNSA
Pharmaceuticals, Biotechnology & Life Sciences
CROWD: RED
Active holders jumped 88 to 81 recently (-8% in one quarter). Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
81
of 227 total, index funds excluded
This quarter
+19
26 out
Conviction
7 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2024Mar 2026
Holdings as of Mar 31, 2026, filed by May 16, 2026. Counts for the newest quarter keep settling for a few weeks as amendments land.
The tide
funds in (up) vs out (down)
Top holders
by reported value · $2.2B held
Fund
Value
Note
FMR LLC
$329M
Rubric Capital Management LP
$181M
BAKER BROS. ADVISORS LP
$136M
TANG CAPITAL MANAGEMENT LLC
$109M
VANGUARD PORTFOLIO MANAGEME…
$85M
ACADIAN ASSET MANAGEMENT LLC
$64M
VANGUARD CAPITAL MANAGEMENT…
$64M
MORGAN STANLEY
$48M
D. E. Shaw & Co., Inc.
$46M
ARROWSTREET CAPITAL, LIMITE…
$43M
Tourists vs true believers
every holder a dot · right = bigger bet in their own book, up = patient money
Hover any dot for the fund and its bet size. Patience is measured from each filer's actual quarter-to-quarter turnover across our whole database.