Erasca
ERAS
154 hedge funds and large institutions have $816M invested in Erasca in 2025 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 44 increasing their positions, 47 reducing their positions, and 18 closing their positions.
4,833% more call options, than puts
Call options by funds: $10.9M | Put options by funds: $221K
78% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 18
74% more capital invested
Capital invested by funds: $469M → $816M (+$347M)
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
9% more funds holding
Funds holding: 141 → 154 (+13)
1.53% more ownership
Funds ownership: 75.76% → 77.29% (+1.5%)
6% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$6.03M |
| 2 |
ECM
ExodusPoint Capital Management
New York
|
+$4.19M |
| 3 |
RSCM
Rock Springs Capital Management
Baltimore,
Maryland
|
+$2.68M |
| 4 |
Goldman Sachs
New York
|
+$2.29M |
| 5 |
IC
Ikarian Capital
Dallas,
Texas
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$11.6M |
| 2 |
LGM
Logos Global Management
San Francisco,
California
|
-$6.05M |
| 3 |
SCM
Sio Capital Management
New York
|
-$2.99M |
| 4 |
Millennium Management
New York
|
-$1.9M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.87M |
ERAS Hedge Fund Activity: Q4 2025 in Review
154 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Erasca (ERAS) for Q4 2025, worth a combined $816M — up 74% from $469M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new ERAS positions and 18 closed out — a net gain of 14 holders — while 44 added to existing stakes and 47 trimmed.
The largest buyer was State Street, adding an estimated $6.03M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $11.6M.
- 154 institutional investors held Erasca (ERAS) as of Q4 2025, up from 141 in Q3 2025.
- Funds reported $816M of Erasca stock for Q4 2025, up 74% quarter-over-quarter.
- 32 funds opened new Erasca positions in Q4 2025 and 18 closed out, a net change of +14 holders.
- The largest Erasca buyer in Q4 2025 was State Street, an estimated $6.03M added.
- The largest Erasca seller in Q4 2025 was T. Rowe Price Investment Management, an estimated $11.6M sold.
Based on aggregated 13F filings for Q4 2025.