Biohaven
BHVN
273 hedge funds and large institutions have $1.37B invested in Biohaven in 2025 Q4 according to their latest regulatory filings, with 72 funds opening new positions, 117 increasing their positions, 55 reducing their positions, and 57 closing their positions.
113% more repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 55
100% more funds holding in top 10
Funds holding in top 10: 4 → 8 (+4)
89% more call options, than puts
Call options by funds: $66.5M | Put options by funds: $35.3M
26% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 57
8% more capital invested
Capital invested by funds: $1.26B → $1.37B (+$107M)
3% more funds holding
Funds holding: 264 → 273 (+9)
1.06% more ownership
Funds ownership: 79.71% → 80.77% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Suvretta Capital Management
New York
|
+$57.8M |
| 2 |
TCM
TCG Crossover Management
Palo Alto,
California
|
+$57.4M |
| 3 |
IAM
Infinitum Asset Management
Fort Lauderdale,
Florida
|
+$56.4M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$41.2M |
| 5 |
BlackRock
New York
|
+$19.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
|
-$66.5M |
| 2 |
BG
Bellevue Group
Kuesnacht,
Switzerland
|
-$42.1M |
| 3 |
SC
Stempoint Capital
New York
|
-$15.3M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$13.8M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
-$10.1M |
BHVN Hedge Fund Activity: Q4 2025 in Review
273 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Biohaven (BHVN) for Q4 2025, worth a combined $1.37B — up 8.5% from $1.26B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new BHVN positions and 57 closed out — a net gain of 15 holders — while 117 added to existing stakes and 55 trimmed.
The largest buyer was Suvretta Capital Management, adding an estimated $57.8M. The largest seller was Janus Henderson Group, cutting an estimated $66.5M.
- 273 institutional investors held Biohaven (BHVN) as of Q4 2025, up from 264 in Q3 2025.
- Funds reported $1.37B of Biohaven stock for Q4 2025, up 8.5% quarter-over-quarter.
- 72 funds opened new Biohaven positions in Q4 2025 and 57 closed out, a net change of +15 holders.
- The largest Biohaven buyer in Q4 2025 was Suvretta Capital Management, an estimated $57.8M added.
- The largest Biohaven seller in Q4 2025 was Janus Henderson Group, an estimated $66.5M sold.
Based on aggregated 13F filings for Q4 2025.