Who holds it, who is betting against it, and where the big money is moving
Net of large-order buying minus selling, in USD. Over this window: +$4.42M (6 inflow days, 14 outflow days).
Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.
The five largest holders on file together own 35.9% of shares outstanding.
Reported short interest has risen from 8.17% to 10.92% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| Frazier Life Sciences Management, LP | VC/PE Fund | 2026/Q3 | +3,804,142 | 5.9% |
| Nuveen Asset Management LLC | Insurance Company | 2026/Q3 | +249,775 | 0.2% |
| RA Capital Management, L.P. | VC/PE Fund | 2026/Q3 | +5,918,954 | 8.6% |
| BlackRock | Mutual Fund | 2026/Q3 | +2,629,943 | 6.8% |
| Silverarc Capital Management, LLC | Hedge Fund | 2026/Q3 | +1,946,482 | 1.3% |
| Jones Hill Capital LP | Hedge Fund | 2026/Q3 | +1,759,492 | 1.2% |
| State Street Global Advisors | Mutual Fund | 2026/Q3 | +1,246,594 | 2.2% |
| Vanguard Capital Management, LLC | Mutual Fund | 2026/Q3 | +928,711 | 4.6% |
| PanAgora Asset Management, Inc. | Mutual Fund | 2026/Q3 | +853,862 | 0.9% |
| Geode Capital Management, LLC | Mutual Fund | 2026/Q3 | +766,367 | 2.2% |
| MPM BioImpact LLC | VC/PE Fund | 2026/Q3 | +650,549 | 0.7% |
| Braidwell LP | Hedge Fund | 2026/Q3 | +443,232 | 1.5% |
| OrbiMed Advisors LLC | VC/PE Fund | 2026/Q3 | +421,500 | 0.3% |
| Tetragon Partners UK LLP | Hedge Fund | 2026/Q3 | +400,000 | 0.3% |
| Renaissance Technologies Corp. | Hedge Fund | 2026/Q3 | +314,900 | 0.6% |
Institutional buy/sell activity by reporting period, largest moves first.
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 31 Jul 2026 | Roland Kolbeck | Chief Scientific Officer | Derivative Exercise and Sale | -12,385 | $5.20 | 23,990 |
| 31 Jul 2026 | Roland Kolbeck | Chief Scientific Officer | Derivative Exercise and Retained | +23,990 | – | 23,990 |
| 4 Jun 2026 | Vincent Milano | Independent Director | Derivative Exercise and Retained | +11,580 | – | 28,896 |
| 4 Jun 2026 | Andrew Schiff | Independent Director | Derivative Exercise and Retained | +11,580 | – | 25,540 |
| 4 Jun 2026 | Maxine Gowen | Independent Director | Derivative Exercise and Retained | +11,580 | – | 33,334 |
| 4 Jun 2026 | William Humphries | Independent Director | Derivative Exercise and Retained | +11,580 | – | 45,105 |
| 4 Jun 2026 | Anand Mehra | Independent Director | Derivative Exercise and Retained | +11,580 | – | 726,403 |
| 4 Jun 2026 | Christopher Molineaux | Lead Independent Director | Derivative Exercise and Retained | +11,580 | – | 69,536 |
| 3 Jun 2026 | Vincent Milano | Independent Director | Other Derivative Acquisition | +10,987 | – | 10,987 |
| 3 Jun 2026 | Vincent Milano | Independent Director | Other Derivative Acquisition | +42,350 | $4.71 | 42,350 |
| 3 Jun 2026 | Andrew Schiff | Independent Director | Other Derivative Acquisition | +10,987 | – | 10,987 |
| 3 Jun 2026 | Andrew Schiff | Independent Director | Other Derivative Acquisition | +42,350 | $4.71 | 42,350 |
| 3 Jun 2026 | Maxine Gowen | Independent Director | Other Derivative Acquisition | +10,987 | – | 10,987 |
| 3 Jun 2026 | Maxine Gowen | Independent Director | Other Derivative Acquisition | +42,350 | $4.71 | 42,350 |
| 3 Jun 2026 | William Humphries | Independent Director | Other Derivative Acquisition | +10,987 | – | 10,987 |
| 3 Jun 2026 | William Humphries | Independent Director | Other Derivative Acquisition | +42,350 | $4.71 | 42,350 |
| 3 Jun 2026 | Anand Mehra | Independent Director | Other Derivative Acquisition | +10,987 | – | 10,987 |
| 3 Jun 2026 | Anand Mehra | Independent Director | Other Derivative Acquisition | +42,350 | $4.71 | 42,350 |
| 3 Jun 2026 | Christopher Molineaux | Lead Independent Director | Other Derivative Acquisition | +10,987 | – | 10,987 |
| 3 Jun 2026 | Christopher Molineaux | Lead Independent Director | Other Derivative Acquisition | +42,350 | $4.71 | 42,350 |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Sep 2026 | 16,075,295 | 10.9% | 6.4 |
| 31 Aug 2026 | 15,180,778 | 10.3% | 8.7 |
| 14 Aug 2026 | 14,710,712 | 10.0% | 7.0 |
| 31 Jul 2026 | 13,774,975 | 9.9% | 8.7 |
| 15 Jul 2026 | 13,357,058 | 9.6% | 6.9 |
| 30 Jun 2026 | 11,404,860 | 8.2% | 4.3 |
No comments yet — be the first to weigh in on ACRS.