We are live on ! Find out more
RPRX icon

Royalty Pharma

487 hedge funds and large institutions have $11.6B invested in Royalty Pharma in 2025 Q3 according to their latest regulatory filings, with 92 funds opening new positions, 206 increasing their positions, 131 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

440% more call options, than puts

Call options by funds: $50.3M | Put options by funds: $9.31M

74% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 53

67% more funds holding in top 10

Funds holding in top 10: 610 (+4)

57% more repeat investments, than reductions

Existing positions increased: 206 | Existing positions reduced: 131

7% more funds holding

Funds holding: 455487 (+32)

5.29% less ownership

Funds ownership: 81.34%76.05% (-5.3%)

6% less capital invested

Capital invested by funds: $12.4B → $11.6B (-$760M)

Holders
487
Holders Change
+32
Holders Change %
+7.03%
% of All Funds
6.39%
Holding in Top 10
10
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+66.67%
% of All Funds
0.13%
New
92
Increased
206
Reduced
131
Closed
53
Calls
$50.3M
Puts
$9.31M
Net Calls
+$41M
Net Calls Change
-$22.7M
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$1.56B -$88.3M -2,440,149 -5%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$987M -$448M -12,371,107 -31%
Capital International Investors
3
Capital International Investors
California
$960M +$193M +5,332,074 +24%
BlackRock
4
BlackRock
New York
$924M +$27.9M +771,647 +3%
Baillie Gifford & Co
5
Baillie Gifford & Co
United Kingdom
$613M -$23.5M -647,953 -4%
Swedbank
6
Swedbank
Sweden
$430M +$1.55M +42,800 +0.4%
Adage Capital Partners
7
Adage Capital Partners
Massachusetts
$422M +$216M +5,965,633 +99%
Vanguard Group
8
Vanguard Group
Pennsylvania
$386M -$921M -25,441,140 -70%
State Street
9
State Street
Massachusetts
$362M +$2.82M +77,815 +0.8%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$268M -$20.2M -559,091 -7%
CIA
11
Caledonia Investments (Australia)
Australia
$266M +$39.9M +1,102,880 +17%
Victory Capital Management
12
Victory Capital Management
Texas
$164M +$6M +165,727 +4%
Northern Trust
13
Northern Trust
Illinois
$144M +$1.93M +53,389 +1%
Arrowstreet Capital
14
Arrowstreet Capital
Massachusetts
$116M +$11.1M +305,694 +10%
Jane Street
15
Jane Street
New York
$111M +$86.6M +2,391,538 +315%
UBS AM
16
UBS AM
Illinois
$110M -$34.3M -947,063 -23%
PCM
17
Patient Capital Management
Maryland
$110M +$4.7M +129,862 +4%
Charles Schwab
18
Charles Schwab
California
$107M +$611K +16,875 +0.6%
NSCM
19
New South Capital Management
Tennessee
$103M +$1.15M +31,694 +1%
Legal & General Group
20
Legal & General Group
United Kingdom
$99.6M +$3.75M +103,473 +4%
Bank of America
21
Bank of America
North Carolina
$93.4M +$21.9M +605,428 +30%
Qube Research & Technologies (QRT)
22
Qube Research & Technologies (QRT)
United Kingdom
$87.6M +$79.1M +2,185,366 +737%
DAM
23
Dorsey Asset Management
Illinois
$82.9M +$85.1M +2,350,449 New
Millennium Management
24
Millennium Management
New York
$78.9M +$64M +1,768,702 +379%
Amundi
25
Amundi
France
$74.8M -$26.3M -727,486 -26%

RPRX Hedge Fund Activity: Q3 2025 in Review

487 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Royalty Pharma (RPRX) for Q3 2025, worth a combined $11.6B — down 6.2% from $12.4B a quarter earlier.

Buyers outnumbered sellers: 92 funds opened new RPRX positions and 53 closed out — a net gain of 39 holders — while 206 added to existing stakes and 131 trimmed.

The largest buyer was Adage Capital Partners, adding an estimated $216M. The largest seller was Vanguard Group, cutting an estimated $921M.

  • 487 institutional investors held Royalty Pharma (RPRX) as of Q3 2025, up from 455 in Q2 2025.
  • Funds reported $11.6B of Royalty Pharma stock for Q3 2025, down 6.2% quarter-over-quarter.
  • 92 funds opened new Royalty Pharma positions in Q3 2025 and 53 closed out, a net change of +39 holders.
  • The largest Royalty Pharma buyer in Q3 2025 was Adage Capital Partners, an estimated $216M added.
  • The largest Royalty Pharma seller in Q3 2025 was Vanguard Group, an estimated $921M sold.

Based on aggregated 13F filings for Q3 2025.