Tang Capital Management EOLS Position
Active4-Fund ConvergenceTang Capital Management trimmed their position in Evolus, Inc. (EOLS) in Q4 2025, holding $8.3M worth of shares across 1,245,692 shares.
The position was first reported in Q1 2023 and has been tracked across 12 quarterly 13F filings.
EOLS is a convergence signal: 4 specialist biotech funds hold this stock, suggesting high institutional conviction.
Short interest stands at 11.9% of float with 5.2 days to cover, indicating significant bearish positioning against Tang Capital's long thesis.
About Evolus, Inc.
Evolus, Inc., a performance beauty company, provides medical aesthetic products for physicians and their patients in the United States. It offers Jeuveau, a proprietary 900 kilodalton purified botulinum toxin type A formulation for the temporary improvement in the appearance of moderate to severe glabellar lines in adults. The company was incorporated in 2012 and is headquartered in Newport Beach, California.
Full company profile →Short Interest
11.9%
5.2 days to cover
Tang Capital Management EOLS Position History
| Quarter | Action | Shares | Change | Value |
|---|---|---|---|---|
| Q4 2025 | Decreased | 1,245,692 | -4,242,607 | $8.3M |
| Q3 2025 | Increased | 5,488,299 | +490,900 | $33.7M |
| Q2 2025 | Held | 4,997,399 | — | $46.0M |
| Q1 2025 | Held | 4,997,399 | — | $60.1M |
| Q4 2024 | Increased | 4,997,399 | +150,000 | $55.2M |
| Q3 2024 | Held | 4,847,399 | — | $78.5M |
| Q2 2024 | Increased | 4,847,399 | +700,000 | $52.6M |
| Q1 2024 | Increased | 4,147,399 | +1,050,000 | $58.1M |
| Q4 2023 | Held | 3,097,399 | — | $32.6M |
| Q3 2023 | Held | 3,097,399 | — | $28.3M |
| Q2 2023 | Decreased | 3,097,399 | -100,000 | $22.5M |
| Q1 2023 | New | 3,197,399 | +3,197,399 | $27.1M |
Frequently Asked Questions
Does Tang Capital Management own EOLS?
Yes. As of Q4 2025, Tang Capital Management holds 1,245,692 shares of Evolus, Inc. (EOLS) valued at $8.3M. This data comes from their SEC 13F filing.
How many hedge funds own EOLS?
4 specialist biotech hedge funds currently hold EOLS, including Perceptive Advisors, Deerfield Management, EcoR1 Capital. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Tang Capital Management first buy EOLS?
Tang Capital Management's position in EOLS was first reported in Q1 2023. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Tang Capital Management's EOLS position increasing or decreasing?
Tang Capital Management trimmed their EOLS position in the most recent quarter, reducing by 4,242,607 shares.
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