TSHA
Pharmaceuticals, Biotechnology & Life Sciences
CROWD: RED
Active holders jumped 74 to 67 recently (-9% 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
67
of 191 total, index funds excluded
This quarter
+14
20 out
Conviction
2 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2020Mar 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 · $1.2B held
Fund
Value
Note
RA CAPITAL MANAGEMENT, L.P.
$105M
GOLDMAN SACHS GROUP INC
$100M
Avoro Capital Advisors LLC
$97M
BlackRock, Inc.
$82M
Vestal Point Capital, LP
$80M
MORGAN STANLEY
$80M
FMR LLC
$64M
RTW INVESTMENTS, LP
$61M
STATE STREET CORP
$50M
VANGUARD CAPITAL MANAGEMENT…
$46M
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.