Deep Track Capital TARS Position
Active9-Fund ConvergenceDeep Track Capital increased their position in Tarsus Pharmaceuticals Inc. (TARS) in Q4 2025, holding $246.0M worth of shares across 3,004,034 shares.
The position was first reported in Q1 2025 and has been tracked across 4 quarterly 13F filings.
TARS is a convergence signal: 9 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 2 readout for lotilaner in 259 days (Dec 31, 2026), making the timing of Deep Track's position particularly relevant.
Short interest stands at 12.2% of float with 7.3 days to cover, indicating significant bearish positioning against Deep Track's long thesis.
About Tarsus Pharmaceuticals Inc.
Tarsus Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel therapeutic candidates for ophthalmic conditions. Its lead product candidate is TP-03, a novel therapeutic that is in Phase III for the treatment of blepharitis caused by the infestation of Demodex mites, as well as to treat meibomian gland disease. The company is also developing TP-04 for the treatment of rosacea; and TP-05 for Lyme prophylaxis and community malaria reduction. In addition, the company develops lotilaner to address diseases across therapeutic categories in human medicine, including eye care, dermatology, and other diseases. Tarsus Pharmaceuticals, Inc. was incorporated in 2016 and is headquartered in Irvine, California.
Full company profile →Short Interest
12.2%
7.3 days to cover
Deep Track Capital TARS Position History
Frequently Asked Questions
Does Deep Track Capital own TARS?
Yes. As of Q4 2025, Deep Track Capital holds 3,004,034 shares of Tarsus Pharmaceuticals Inc. (TARS) valued at $246.0M. This data comes from their SEC 13F filing.
How many hedge funds own TARS?
9 specialist biotech hedge funds currently hold TARS, including RTW Investments, Tang Capital Management, Driehaus Capital and 5 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Deep Track Capital first buy TARS?
Deep Track Capital's position in TARS was first reported in Q1 2025. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Deep Track Capital's TARS position increasing or decreasing?
Deep Track Capital increased their TARS position in the most recent quarter, adding 4,034 shares.
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