Biohaven
BHVN
266 hedge funds and large institutions have $2.22B invested in Biohaven in 2025 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 93 increasing their positions, 77 reducing their positions, and 36 closing their positions.
304% more call options, than puts
Call options by funds: $30.7M | Put options by funds: $7.59M
33% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 36
21% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 77
4% more funds holding
Funds holding: 256 → 266 (+10)
2.51% less ownership
Funds ownership: 91.26% → 88.75% (-2.5%)
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
36% less capital invested
Capital invested by funds: $3.48B → $2.22B (-$1.26B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$31.6M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$22.7M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$20.5M |
| 4 |
FCM
Farallon Capital Management
San Francisco,
California
|
+$13.6M |
| 5 |
IAM
Infinitum Asset Management
Fort Lauderdale,
Florida
|
+$6.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
-$34.5M |
| 2 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$29.3M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$20.8M |
| 4 |
Janus Henderson Group
London,
|
-$19.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$18.4M |
BHVN Hedge Fund Activity: Q1 2025 in Review
266 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Biohaven (BHVN) for Q1 2025, worth a combined $2.22B — down 36% from $3.48B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new BHVN positions and 36 closed out — a net gain of 12 holders — while 93 added to existing stakes and 77 trimmed.
The largest buyer was Millennium Management, adding an estimated $31.6M. The largest seller was Point72 Asset Management, exiting entirely with an estimated $34.5M sold.
- 266 institutional investors held Biohaven (BHVN) as of Q1 2025, up from 256 in Q4 2024.
- Funds reported $2.22B of Biohaven stock for Q1 2025, down 36% quarter-over-quarter.
- 48 funds opened new Biohaven positions in Q1 2025 and 36 closed out, a net change of +12 holders.
- The largest Biohaven buyer in Q1 2025 was Millennium Management, an estimated $31.6M added.
- The largest Biohaven seller in Q1 2025 was Point72 Asset Management, an estimated $34.5M sold.
Based on aggregated 13F filings for Q1 2025.