Arcutis Biotherapeutics, Inc. (ARQT) — Institutional Holders, Q2 2026

273 institutional investment managers reported a ARQT position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $3.4B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← ARQT stock profile

ARQT in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

Added to

Trimmed

100

Sold out

Biggest buyers

ORBIMED ADVISORSNew · +2,042,000 sh+$53.5M
D. E. ShawAdded · +1,453,387 sh+$38.1M
BlackRockAdded · +1,345,055 sh+$35.3M
CITADEL ADVISORSAdded · +1,144,408 sh+$30.0M
Jones Hill CapitalNew · +1,089,701 sh+$28.6M

Biggest sellers

GILDER GAGNON HOWETrimmed · -2,990,799 sh-$78.4M
MARSHALL WACE, LLPTrimmed · -1,984,912 sh-$52.0M
DRIEHAUS CAPITAL MANAGEMENTTrimmed · -1,347,603 sh-$35.3M
JENNISON ASSOCIATESTrimmed · -761,712 sh-$20.0M
MPM BioImpactSold out · -733,966 sh-$19.2M

ARQT 13F holders ranked 1–100 of 273

Institutional investors reporting a position in Arcutis Biotherapeutics, Inc. on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	SUVRETTA CAPITAL MANAGEMENT#1 · 12,437,000 sh	12,437,000	$326.1M	5.96%	+0.9%
2	BlackRock#2 · 10,545,466 sh	10,545,466	$276.5M	<0.01%	+14.6%
3	Frazier Life Sciences Management, L.P.#3 · 9,874,511 sh	9,874,511	$258.9M	5.64%	0.0%
4	Rubric Capital Management#4 · 8,271,577 sh	8,271,577	$216.9M	1.99%	0.0%
5	Polar Capital Plc#5 · 6,606,945 sh	6,606,945	$173.2M	0.41%	+16.6%
6	STATE STREET#6 · 5,822,840 sh	5,822,840	$152.7M	<0.01%	-7.5%
7	VANGUARD CAPITAL MANAGEMENT#7 · 4,988,756 sh	4,988,756	$130.8M	<0.01%	+2.4%
8	MORGAN STANLEY#8 · 4,451,014 sh	4,451,014	$116.7M	<0.01%	+5.5%
9	JENNISON ASSOCIATES#9 · 4,219,058 sh	4,219,058	$110.6M	0.07%	-15.3%
10	D. E. Shaw#10 · 3,949,609 sh	3,949,609	$103.6M	0.05%	+58.2%
11	UBS Group AG#11 · 3,333,015 sh	3,333,015	$87.4M	0.01%	+0.1%
12	BANK OF AMERICA#12 · 2,987,431 sh	2,987,431	$78.3M	<0.01%	+34.5%
13	GEODE CAPITAL MANAGEMENT#13 · 2,982,446 sh	2,982,446	$78.2M	<0.01%	-2.1%
14	VANGUARD PORTFOLIO MANAGEMENT#14 · 2,429,005 sh	2,429,005	$63.7M	<0.01%	+24.3%
15	ORBIMED ADVISORS#15 · 2,042,000 sh	2,042,000	$53.5M	0.99%	New
16	FRANKLIN RESOURCES#16 · 1,930,982 sh	1,930,982	$50.6M	0.01%	-16.0%
17	AMERICAN CENTURY COMPANIES#17 · 1,925,031 sh	1,925,031	$50.5M	0.02%	+31.6%
18	GOLDMAN SACHS GROUP#18 · 1,668,367 sh	1,668,367	$43.7M	<0.01%	+4.1%
19	Jupiter Topco#19 · 1,410,435 sh	1,410,435	$37.0M	0.02%	—
20	OBERWEIS ASSET MANAGEMENT#20 · 1,372,941 sh	1,372,941	$36.0M	0.74%	+0.5%
21	GILDER GAGNON HOWE#21 · 1,313,211 sh	1,313,211	$34.4M	0.36%	-69.5%
22	GW&K Investment Management#22 · 1,288,018 sh	1,288,018	$33.8M	0.26%	+30.3%
23	Pivotal bioVenture Partners Investment Advisor#23 · 1,265,283 sh	1,265,283	$33.2M	10.78%	-6.7%
24	BAMCO#24 · 1,253,120 sh	1,253,120	$32.9M	0.05%	+16.9%
25	CITADEL ADVISORS#25 · 1,160,014 sh	1,160,014	$30.4M	<0.01%	+7333.1%
26	FEDERATED HERMES#26 · 1,124,629 sh	1,124,629	$29.5M	0.04%	+4.4%
27	Perpetual Ltd#27 · 1,109,657 sh	1,109,657	$29.1M	—	+22.0%
28	abrdn plc#28 · 1,098,411 sh	1,098,411	$28.8M	0.04%	+70.3%
29	Jones Hill Capital#29 · 1,089,701 sh	1,089,701	$28.6M	6.07%	New
30	NORTHERN#30 · 1,058,575 sh	1,058,575	$27.8M	<0.01%	+8.4%
31	CHARLES SCHWAB INVESTMENT MANAGEMENT#31 · 1,050,934 sh	1,050,934	$27.6M	<0.01%	+3.8%
32	Ensign Peak Advisors#32 · 974,534 sh	974,534	$25.6M	0.04%	-21.7%
33	Candriam S.C.A.#33 · 949,839 sh	949,839	$24.9M	0.11%	-12.6%
34	DRIEHAUS CAPITAL MANAGEMENT#34 · 878,426 sh	878,426	$23.0M	0.13%	-60.5%
35	Nuveen#35 · 834,261 sh	834,261	$21.9M	<0.01%	-7.5%
36	VANGUARD FIDUCIARY#36 · 815,138 sh	815,138	$21.4M	<0.01%	+5.6%
37	MANUFACTURERS LIFE INSURANCE COMPANY, THE#37 · 811,752 sh	811,752	$21.3M	0.02%	+61.1%
38	TWO SIGMA INVESTMENTS#38 · 663,877 sh	663,877	$17.4M	0.01%	+183.3%
39	FISHMAN JAY A LTD#39 · 595,005 sh	595,005	$15.6M	—	+5.0%
40	MILLENNIUM MANAGEMENT#40 · 564,072 sh	564,072	$14.8M	<0.01%	+1043.4%
41	BNP PARIBAS FINANCIAL MARKETS#41 · 547,278 sh	547,278	$14.3M	<0.01%	-32.6%
42	Squarepoint Ops#42 · 537,747 sh	537,747	$14.1M	0.02%	-51.3%
43	CAPITOLIS LIQUID GLOBAL MARKETS#43 · 500,000 sh	500,000	$13.1M	0.06%	0.0%
44	Nearwater Capital Markets, Ltd#44 · 486,700 sh	486,700	$12.8M	0.22%	-19.9%
45	ADAGE CAPITAL PARTNERS GP, L.L.C.#45 · 466,000 sh	466,000	$12.2M	0.02%	+27.3%
46	MARSHALL WACE, LLP#46 · 446,866 sh	446,866	$11.7M	<0.01%	-81.6%
47	Privium Fund Management B.V.#47 · 399,367 sh	399,367	$10.5M	1.92%	+24.4%
48	NORGES BANK#48 · 392,300 sh	392,300	$10.3M	<0.01%	—
49	DEUTSCHE BANK AG\#49 · 382,682 sh	382,682	$10.0M	<0.01%	-1.8%
50	Patient Square Capital#50 · 370,000 sh	370,000	$9.7M	1.50%	-7.6%
51	Point72 Asset Management, L.P.#51 · 362,449 sh	362,449	$9.5M	0.01%	-38.7%
52	Qube Research & Technologies Ltd#52 · 361,662 sh	361,662	$9.5M	<0.01%	-50.1%
53	Longaeva Partners L.P.#53 · 344,796 sh	344,796	$9.0M	0.20%	New
54	AQR CAPITAL MANAGEMENT#54 · 330,324 sh	330,324	$8.7M	<0.01%	-29.5%
55	Bank of New York Mellon#55 · 330,094 sh	330,094	$8.7M	<0.01%	+8.0%
56	FMR#56 · 305,969 sh	305,969	$8.0M	<0.01%	+9.8%
57	AMERIPRISE FINANCIAL#57 · 295,997 sh	295,997	$7.8M	<0.01%	+191.1%
58	PEREGRINE CAPITAL MANAGEMENT#58 · 291,447 sh	291,447	$7.6M	0.25%	-4.8%
59	HEALTHCARE OF ONTARIO PENSION PLAN FUND#59 · 284,789 sh	284,789	$7.5M	0.01%	-55.2%
60	FIRST ADVISORS#60 · 284,065 sh	284,065	$7.4M	<0.01%	-19.1%
61	Invesco Ltd.#61 · 264,907 sh	264,907	$6.9M	<0.01%	+89.4%
62	Walleye Capital#62 · 260,033 sh	260,033	$6.8M	0.02%	+415.3%
63	BALYASNY ASSET MANAGEMENT L.P.#63 · 243,119 sh	243,119	$6.4M	<0.01%	New
64	PFM Health Sciences#64 · 242,069 sh	242,069	$6.3M	0.54%	New
65	MYDA Advisors#65 · 240,000 sh	240,000	$6.3M	0.94%	0.0%
66	Jump Financial#66 · 235,471 sh	235,471	$6.2M	0.05%	+375.1%
67	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#67 · 231,186 sh	231,186	$6.1M	<0.01%	-2.5%
68	STATE OF WISCONSIN INVESTMENT BOARD#68 · 230,905 sh	230,905	$6.1M	0.01%	+128.8%
69	Swiss National Bank#69 · 224,000 sh	224,000	$5.9M	<0.01%	+2.7%
70	SUSQUEHANNA INTERNATIONAL GROUP, LLP#70 · 219,815 sh	219,815	$5.8M	<0.01%	+96.0%
71	Pictet Asset Management Holding SA#71 · 200,275 sh	200,275	$5.4M	<0.01%	+45.0%
72	JUPITER ASSET MANAGEMENT LTD#72 · 202,515 sh	202,515	$5.3M	0.03%	-6.8%
73	KORNITZER CAPITAL MANAGEMENT#73 · 199,683 sh	199,683	$5.2M	0.11%	+13.5%
74	Woodline Partners#74 · 195,033 sh	195,033	$5.1M	0.02%	0.0%
75	Pavaki Capital Management#75 · 187,000 sh	187,000	$4.9M	—	0.0%
76	PRINCIPAL FINANCIAL GROUP#76 · 183,662 sh	183,662	$4.8M	<0.01%	+8.8%
77	Cormorant Asset Management#77 · 175,000 sh	175,000	$4.6M	0.24%	-61.1%
78	RHUMBLINE ADVISERS#78 · 170,542 sh	170,542	$4.5M	<0.01%	+5.8%
79	Holocene Advisors#79 · 163,732 sh	163,732	$4.3M	<0.01%	New
80	PRICE T ROWE ASSOCIATES#80 · 157,778 sh	157,778	$4.1M	<0.01%	-64.8%
81	VOLORIDGE INVESTMENT MANAGEMENT#81 · 157,429 sh	157,429	$4.1M	0.02%	-70.9%
82	PDT Partners#82 · 155,075 sh	155,075	$4.1M	0.21%	0.0%
83	Vontobel Holding Ltd.#83 · 153,242 sh	153,242	$4.0M	—	+342.8%
84	CITIGROUP#84 · 151,394 sh	151,394	$4.0M	<0.01%	+213.2%
85	LOS ANGELES CAPITAL MANAGEMENT#85 · 137,929 sh	137,929	$3.6M	0.01%	-10.7%
86	ESSEX INVESTMENT MANAGEMENT#86 · 137,500 sh	137,500	$3.6M	—	-4.5%
87	CASTLEARK MANAGEMENT#87 · 137,420 sh	137,420	$3.6M	0.10%	-53.2%
88	Eversept Partners#88 · 135,355 sh	135,355	$3.5M	0.18%	-76.5%
89	LAZARD ASSET MANAGEMENT#89 · 133,146 sh	133,146	$3.5M	<0.01%	-13.9%
90	TUDOR INVESTMENT ET AL#90 · 131,914 sh	131,914	$3.5M	<0.01%	New
91	ALLIANCEBERNSTEIN L.P.#91 · 136,393 sh	136,393	$3.2M	<0.01%	+15.4%
92	1492 Capital Management#92 · 116,211 sh	116,211	$3.0M	0.90%	-1.6%
93	SEI INVESTMENTS#93 · 114,253 sh	114,253	$3.0M	<0.01%	-44.6%
94	Tejara Capital Ltd#94 · 113,084 sh	113,084	$3.0M	1.22%	-32.0%
95	LPL Financial#95 · 111,150 sh	111,150	$2.9M	<0.01%	-6.9%
96	WELLS FARGO & COMPANY#96 · 109,079 sh	109,079	$2.9M	<0.01%	-44.9%
97	SCHRODER INVESTMENT MANAGEMENT GROUP#97 · 104,356 sh	104,356	$2.8M	<0.01%	0.0%
98	JPMORGAN CHASE#98 · 97,966 sh	97,966	$2.8M	<0.01%	-13.3%
99	Legal & General Group Plc#99 · 100,808 sh	100,808	$2.6M	<0.01%	+18.8%
100	StemPoint Capital#100 · 98,945 sh	98,945	$2.6M	0.45%	-76.1%

Funds that sold out of ARQT in Q2 2026 (36)

Held ARQT at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held ARQT in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
MPM BioImpact733,966 sh	733,966	$17.3M
M&G Plc469,082 sh	469,082	$11.3M
ZEVENBERGEN CAPITAL INVESTMENTS357,490 sh	357,490	$8.4M
Penn Capital Management Company333,130 sh	333,130	$7.9M
Hillsdale Investment Management188,220 sh	188,220	$4.4M
NORDEA INVESTMENT MANAGEMENT AB192,920 sh	192,920	$4.4M
Jackson Creek Investment Advisors68,646 sh	68,646	$1.6M
Engineers Gate Manager65,977 sh	65,977	$1.6M
Invst35,205 sh	35,205	$829.4K
Campbell & Investment Adviser31,544 sh	31,544	$743.2K
D.A. DAVIDSON27,458 sh	27,458	$646.9K
FARALLON CAPITAL MANAGEMENT26,000 sh	26,000	$612.6K
SEGALL BRYANT & HAMILL25,439 sh	25,439	$609.3K
LVW Advisors23,091 sh	23,091	$544.0K
NOMURA22,943 sh	22,943	$540.5K
Elevated Financial Group20,543 sh	20,543	$484.0K
Virtu Financial19,050 sh	19,050	$449.0K
Merit Financial Group18,852 sh	18,852	$444.2K
Trexquant Investment17,042 sh	17,042	$401.5K
AXQ CAPITAL16,181 sh	16,181	$381.2K
INDEPENDENT FINANCIAL GROUP8,906 sh	8,906	$209.8K
C M BIDWELL & ASSOCIATES LTD4,026 sh	4,026	$94.9K
QUADRANT CAPITAL GROUP3,100 sh	3,100	$85.5K
Caitong International Asset Management , Ltd1,689 sh	1,689	$39.8K
Quantbot Technologies921 sh	921	$21.7K
BLUE BELL PRIVATE WEALTH MANAGEMENT369 sh	369	$8.7K
Rachor Investment Advisory Services269 sh	269	$6.3K
Prestige Wealth Management Group250 sh	250	$5.9K
SMA Capital239 sh	239	$5.6K
Sound Income Strategies186 sh	186	$4.5K
MAI Capital Management152 sh	152	$3.6K
Root Financial Partners61 sh	61	$1.4K
Advisory Services Network19 sh	19	$448.00
MassMutual Private Wealth & , FSB7 sh	7	$165.00
TWIN PEAKS WEALTH ADVISORS7 sh	7	$165.00
Basecamp Wealth Advisors4 sh	4	$94.00

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.