The cluster shows net buying conviction from active asset managers, but the 45-day reporting lag means these positions reflect Q3-end views. Monitor upcoming 13F filings for any reversal or acceleration, and watch for insider trading patterns (Form 4) to corroborate or contradict this institutional signal.
Executive Summary
Three institutional buyers added $15.2M in TARS positions during Q3 2026, led by Wasatch Advisors doubling down with a $13.6M increase, while one seller trimmed $11.2M. The net $4.0M inflow suggests continued institutional conviction in Tarsus Pharmaceuticals, though the 45-day reporting lag and small absolute dollar changes limit the signal's immediacy.
Key Financial Metrics
Institutional Positions
Net institutional flow: $4.0M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wasatch Advisors | ADD | +27% | $36.8M | $13.6M |
| Vontobel Holding | ADD | +29.3% | $4.1M | $1.5M |
| Farther Finance Advisors | DOUBLED | +851.6% | $46.0K | $43.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -35% | $59.6M | -$11.2M |
Key Facts
- 3 institutional buyers added $15.2M in aggregate; 1 seller trimmed $11.2M
- Wasatch Advisors increased its position by 27% (+$13.6M), now holding $36.8M
- Farther Finance Advisors more than doubled a tiny position (+851.6%, +$43K)
- Vontobel Holding added 29.3% (+$1.5M) to reach $4.1M
- Assenagon Asset Management trimmed 35% (-$11.2M), still holding $48.4M
- Net aggregate institutional inflow of ~$4.0M across the cluster
Financial Impact
Three institutions accumulated $15.2M in new TARS positions while one reduced holdings by $11.2M, resulting in a net $4.0M inflow. The largest buyer, Wasatch Advisors, added $13.6M.
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Only 3 buyers and 1 seller — cluster size is small, reducing signal reliability
- The largest seller (Assenagon) still holds $48.4M, suggesting partial profit-taking rather than a thesis change
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-TARS-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Institutional Cluster | $69.50 $70.03 | ▲ +0.76% | ▲ +0.91% | — |
Oct 13, 2026 13d ago | S-3ASR | $72.29 $70.50 | ▼ −2.48% | ▼ −2.93% | — |
Oct 13, 2026 13d ago | S-3ASR | $72.29 $70.50 | ▼ −2.48% | ▼ −2.93% | — |
Sep 9, 2026 6w ago | Insider Cluster | $81.12 $79.03 | ▼ −2.58% | ▼ −3.21% | — |
Sep 3, 2026 7w ago | Insider Cluster | $90.78 $79.95 | ▼ −11.93% | ▼ −10.72% | — |
Sep 2, 2026 7w ago | 144 | $82.76 $81.12 | ▲ +1.98% | ▲ +1.02% | — |
Sep 1, 2026 7w ago | 144 | $82.76 $81.12 | ▲ +1.98% | ▲ +1.02% | — |
Aug 19, 2026 9w ago | 144 | $73.44 $70.65 | ▼ −3.80% | ▼ −3.41% | — |
Aug 6, 2026 11w ago | 8-K | $65.33 $68.88 | ▲ +5.43% | ▲ +4.22% | — |
Aug 6, 2026 11w ago | 8-K | $65.33 $68.88 | ▲ +5.43% | ▲ +4.22% | — |
US Market Status
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