NERV · Minerva Neurosciences, Inc. · Holdings

$2.23 +0.03 (+1.36%) At close · Oct 27 Q1 2023 earnings call transcript

Russell 2000 member Rebalance outlook locked

Market Cap

$105.04M

47.75M

Volume · Oct 27 239.26K Avg daily vol (3M) 179.49K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of NERV: 13F, 13D and 13G, insiders and funds →

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 61

Total Value: $234,421,402

Total Shares: 42,255,610

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 61 13F filers

Top Holder

11.0%

of institutional value

Top 5

49.4%

of institutional value

Top 10

74.6%

of institutional value

HHI

682

Broadly held

Who Holds NERV

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 61 filers, like-for-like change +8.5%; actively managed books +0.2%; index-like books +97.2%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	57.8%	25	+10.1%	6	1
Exempt adviser	0.2%	1	-73.9%	1	2
Adviser	12.8%	3	-6.9%	1	0
Bank	2.2%	10	+265.5%	4	0
Non-US	0.1%	3	+13133.5%	1	0
Holding company	5.7%	4	+251.9%	1	0
Benefit plan	0.0%	0	-100.0%	0	1
Unknown	21.2%	15	-9.1%	8	4

Style	Share	Filers	Change	New	Exited
Index-like	15.3%	14	+97.2%	6	0
Systematic-like	11.5%	4	-2.2%	1	0
Concentrated	19.7%	9	+5.3%	0	1
Diversified active	53.5%	34	-0.9%	15	7
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	15.6%	32	+102.4%	15	0
Medium turnover	32.2%	11	-4.4%	2	4
High turnover	24.6%	9	+2.8%	4	3
Unknown	27.6%	9	+2.5%	1	1
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	32.9%	12	+6.8%	3	2
Medium horizon	19.6%	10	+26.4%	4	1
Long horizon	27.1%	35	+8.6%	14	3
Unknown	20.5%	4	-2.3%	1	2
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	22.9%	9	+15.7%	1	2
$1B to $10B	18.3%	10	-9.1%	4	2
$10B to $100B	30.4%	10	-2.8%	4	2
$100B or more	28.4%	32	+36.4%	13	2
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	0.0%	4	0.0%	0	0
Pooled investment vehicles	47.7%	12	+2.2%	1	1
Registered funds and BDCs	7.7%	5	+46.4%	2	0
Insurance companies	0.0%	1	new	1	0
Governments and sovereign funds	0.1%	1	new	1	0
Other investment advisers	0.0%	0	—	0	0
Diversified	0.0%	1	new	1	0
Unknown	44.6%	37	+10.9%	16	7

Private funds	Share	Filers	Change	New	Exited
Hedge funds	29.8%	10	+1.5%	2	3
Venture capital funds	7.8%	1	+2.3%	0	0
Real estate funds	0.0%	1	0.0%	0	0
Other private funds	0.1%	2	new	2	0
Mixed private funds	0.0%	0	—	0	0
No private funds	7.6%	10	+44.4%	3	0
Private equity funds	10.2%	1	0.0%	0	0
Unknown	44.4%	36	+12.2%	15	5

Location	Share	Filers	Change	New	Exited
United States	99.6%	52	+9.0%	17	5
Outside the US	0.4%	9	-48.6%	5	3

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 1 holder with no observed 2026-03-31 13F and 1 holder with no observed 2026-06-30 13F. Compared across CIK changes: JANUS HENDERSON GROUP PLC continues as Jupiter Topco LLC.

Conviction and Crowding

61 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

1.64% of filers hold it in their top 10

Mar 31, 2026: 3

Holders above 5%

median weight 0.000%

Mar 31, 2026: 1

Crowding

45.7%

of shares outstanding, 96th percentile

Mar 31, 2026: 47.0%

Private-fund advisers

45.7%

of shares outstanding

Institutional ownership

90.8%

of shares outstanding

Top 10 holders

74.6%

of 13F shares, Herfindahl 0.068

Active holders

+0.2%

like-for-like share change of active filers

5% stakes on record

0 13D, 9 13G (7 institutional, 4 passive, 0 exempt)

How long holders have held it value-weighted 6.1 quarters

Under 1 year 79.8% 1 to 3 years 5.51% 3 years or more 14.6% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net sellers of $5,509 (0 buying, 1 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$4.75

estimated per share

Mar 31, 2026: $4.74

Quarter-end price

$5.55

implied by 13F values

Estimated gain or loss

+16.9%

price against the estimated cost

Estimated at a loss

41.4%

of costed 13F value

Estimated cost covers 69.2% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shared Holders

Companies NERV's active holders also own, quarter ended Jun 30, 2026

#	Company	Shared holders	Similarity
1	AVTX Avalo Therapeutics, Inc.	8	0.405
2	ANTX AN2 Therapeutics, Inc.	4	0.365
3	OKUR OnKure Therapeutics, Inc.	5	0.337
4	LBRX Lb Pharmaceuticals Inc	5	0.337
5	RACC Research Alliance Corp III	4	0.327
6	ASMB Assembly Biosciences, Inc.	4	0.327
7	UNCY Unicycive Therapeutics, Inc.	3	0.316
8	AVBP ArriVent BioPharma, Inc.	5	0.310
9	EPRX Eupraxia Pharmaceuticals Inc.	4	0.307
10	PMN ProMIS Neurosciences Inc.	3	0.300

Shareholder Targets

13F filers that own its peers but not NERV, quarter ended Jun 30, 2026

Found through its holder-overlap peers: AVTX, ANTX, OKUR, LBRX, RACC, ASMB, UNCY, AVBP, EPRX, PMN, DSGN, SABS, ERAS, SRZN, CMPX, TNGX, JATT, MLTX, CRVS, ACHV. 546 filers in all.

#	Filer	In peers	Of book	Largest peers
1	RTW INVESTMENTS, LP Registered adviser, Diversified active	$766,551,914 3 held	6.54%	TNGX, ERAS, AVTX
2	Frazier Life Sciences Management, L.P. Registered adviser, Concentrated	$533,458,910 3 held	11.6%	ERAS, ACHV, DSGN
3	Deep Track Capital, LP Adviser, Diversified active	$491,317,856 6 held	7.48%	MLTX, TNGX, LBRX
4	T. Rowe Price Investment Management, Inc. Adviser, Diversified active	$479,419,173 4 held	0.320%	ERAS, MLTX, TNGX
5	Paradigm Biocapital Advisors LP Registered adviser, Concentrated	$448,724,782 4 held	9.74%	TNGX, ERAS, ASMB
6	TCG Crossover Management, LLC Unknown, Diversified active	$432,456,136 6 held	10.4%	TNGX, AVTX, LBRX
7	Siren, L.L.C. Unknown, Diversified active	$409,545,142 3 held	8.31%	ERAS, TNGX, DSGN
8	Boxer Capital Management, LLC Registered adviser, Concentrated	$403,298,507 7 held	30.5%	TNGX, SRZN, CRVS
9	BVF INC/IL Unknown, Concentrated	$370,006,217 4 held	10.3%	MLTX, AVTX, OKUR
10	Venrock Adviser, LLC Registered adviser, Concentrated	$365,376,792 4 held	11.1%	ERAS, ACHV, SRZN

Fund Ownership of NERV by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 7.36% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	1.27%	+1.07 pp	606,289	30
Index ETFs	6.09%	+2.31 pp	2,908,832	6
Active ETFs	0.00%	0.00 pp	0	0
Active funds	1.17%	+1.14 pp	558,664	12
Unclassified	0.00%	0.00 pp	0	0
All registered funds	8.53%	+4.53 pp	4,073,785	48

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 26 Adviser 3 Bank 10 Non-US 3 Holding company 4 Unknown 15

Showing 61 of 61

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

FEDERATED HERMES, INC.

$25,920,864

11.06%

4,670,426

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FEDERATED GLOBAL INVESTMENT MANAGEMENT CORP	4,670,426	$25,920,864	100.0%	Defined

Jupiter Topco LLC

$24,342,449

10.38%

4,386,027

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JANUS HENDERSON INVESTORS US LLC	4,386,027	$24,342,449	100.0%	Defined

Vivo Capital, LLC

$23,991,245

10.23%

4,322,747

Balyasny Asset Management L.P.

$23,626,350

10.08%

4,257,000

Logos Global Management LP

$18,252,712

7.79%

3,288,777

FARALLON CAPITAL MANAGEMENT LLC

$13,125,750

5.60%

2,365,000

BlackRock, Inc.

$12,435,205

5.30%

2,240,578

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BLACKROCK FINANCIAL MANAGEMENT INC/DE	5,363	$29,764	0.2%	Sole
BlackRock Investment Management, LLC	95,726	$531,279	4.3%	Sole
BLACKROCK ADVISORS LLC	77,249	$428,731	3.4%	Sole
BlackRock Fund Advisors	1,080,428	$5,996,375	48.2%	Sole
BlackRock Institutional Trust Company, N.A.	981,812	$5,449,056	43.8%	Sole

Ally Bridge Group (NY) LLC

$12,075,701

5.15%

2,175,802

Foresite Capital Management VI LLC

$11,019,991

4.70%

1,985,584

VANGUARD CAPITAL MANAGEMENT LLC

$10,505,078

4.48%

1,892,807

Spruce Street Capital LP

$9,188,025

3.92%

1,655,500

Trails Edge Capital Partners, LP

$7,875,450

3.36%

1,419,000

ADAGE CAPITAL PARTNERS GP, L.L.C.

$7,875,450

3.36%

1,419,000

Seven Fleet Capital Management LP

$5,557,619

2.37%

1,001,373

GEODE CAPITAL MANAGEMENT, LLC

$5,407,009

2.31%

974,236

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	147,442	$818,303	15.1%	Defined
Held directly	826,794	$4,588,706	84.9%	Defined

DV EQUITIES, LLC

$4,186,903

1.79%

754,397

ACUTA CAPITAL PARTNERS, LLC

$3,937,725

1.68%

709,500

MILLENNIUM MANAGEMENT LLC

$2,961,491

1.26%

533,602

STATE STREET CORP

$2,358,278

1.01%

424,915

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SSGA FUNDS MANAGEMENT, INC. joint	424,915	$2,358,278	100.0%	Defined

VANGUARD FIDUCIARY TRUST CO

$1,679,452

0.72%

302,604

NORTHERN TRUST CORP

$1,621,248

0.69%

292,117

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	286,799	$1,591,734	98.2%	Defined
DWS INVESTMENT MANAGEMENT AMERICAS, INC joint	5,318	$29,514	1.8%	Other

VANGUARD PORTFOLIO MANAGEMENT LLC

$1,302,884

0.56%

234,754

GOLDMAN SACHS GROUP INC

$798,944

0.34%

143,954

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	143,954	$798,944	100.0%	Defined

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$630,618

0.27%

113,625

Bank of New York Mellon Corp

$419,468

0.18%

75,580

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mellon Investments Corporation	23,133	$128,388	30.6%	Defined
The Bank of New York Mellon	52,445	$291,069	69.4%	Defined
Held directly	2	$11	0.0%	Defined

RENAISSANCE TECHNOLOGIES LLC

$406,815

0.17%

73,300

Walleye Capital LLC

$299,128

0.13%

53,897

Nuveen, LLC

$252,402

0.11%

45,478

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TEACHERS ADVISORS, LLC joint	45,478	$252,402	100.0%	Defined

UBS Group AG

$234,254

0.10%

42,208

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS AG	42,208	$234,254	100.0%	Defined

Invesco Ltd.

$220,272

0.09%

39,689

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Advisers, Inc. joint	4,678	$25,962	11.8%	Defined
Invesco Trust Co joint	13,577	$75,352	34.2%	Defined
Invesco Capital Management LLC	21,434	$118,958	54.0%	Defined

BANK OF AMERICA CORP /DE/

$209,412

0.09%

37,732

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF AMERICA NA	37,732	$209,412	100.0%	Defined

DEUTSCHE BANK AG\

$184,687

0.08%

33,277

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
DWS INVESTMENT MANAGEMENT AMERICAS, INC	64	$355	0.2%	Defined
DWS Investments UK Ltd	33,213	$184,332	99.8%	Defined

WELLS FARGO & COMPANY/MN

$167,992

0.07%

30,269

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO BANK N A	30,269	$167,992	100.0%	Defined

RHUMBLINE ADVISERS

$165,761

0.07%

29,867

PRICE T ROWE ASSOCIATES INC /MD/

$154,961

0.07%

27,921

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
T. Rowe Price International Ltd	27,921	$154,961	100.0%	Defined

TWO SIGMA INVESTMENTS, LP

$142,496

0.06%

25,675

Apella Capital, LLC

$141,537

0.06%

42,250

NEW YORK STATE COMMON RETIREMENT FUND

$109,890

0.05%

19,800

CITIGROUP INC

$88,649

0.04%

15,973

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	15,973	$88,649	100.0%	Defined

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

$87,012

0.04%

15,678

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Global X Management CO LLC joint	15,678	$87,012	100.0%	Defined

Vanguard Global Advisers, LLC

$85,109

0.04%

15,335

JPMORGAN CHASE & CO

$78,338

0.03%

14,115

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JPMorgan Chase Bank, N.A.	14,115	$78,338	100.0%	Defined

MORGAN STANLEY

$69,057

0.03%

12,443

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	37	$205	0.3%	Defined
MORGAN STANLEY & CO. LLC	9,265	$51,420	74.5%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	2,617	$14,524	21.0%	Defined
MORGAN STANLEY SMITH BARNEY LLC	524	$2,908	4.2%	Defined

Police & Firemen's Retirement System of New Jersey

$57,420

0.02%

10,346

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mellon Capital	10,346	$57,420	100.0%	Defined

BNP PARIBAS ARBITRAGE, SA

$43,806

0.02%

7,893

BARCLAYS PLC

$37,883

0.02%

6,826

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	5,658	$31,401	82.9%	Defined
BARCLAYS CAPITAL INC.	1,168	$6,482	17.1%	Defined

Tower Research Capital LLC (TRC)

$20,407

0.01%

3,677

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Latour Trading LLC (Latour)	3,677	$20,407	100.0%	Defined

Legal & General Group Plc

$18,426

0.01%

3,320

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Legal & General Investment Management America Inc	3,320	$18,426	100.0%	Defined

Ameritas Investment Partners, Inc.

$17,149

0.01%

3,090

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
EATON VANCE MANAGEMENT	3,090	$17,149	100.0%	Other

Russell Investments Group, Ltd.

$15,107

0.01%

2,722

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investment Management, LLC	2,722	$15,107	100.0%	Defined

ROYAL BANK OF CANADA

$6,859

0.00%

1,236

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC CMA LTD.	1,236	$6,859	100.0%	Defined

Sterling Capital Management LLC

$3,309

0.00%

988

Larson Financial Group LLC

$2,220

0.00%

400

FMR LLC

$1,315

0.00%

237

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	237	$1,315	100.0%	Defined

Fortitude Family Office, LLC

$1,015

0.00%

303

GAMMA Investing LLC

$971

0.00%

290

SBI Securities Co., Ltd.

$840

0.00%

251

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

$555

0.00%

100

Farther Finance Advisors, LLC

$335

0.00%

100

Anchor Investment Management, LLC

$66

0.00%

Caitong International Asset Management Co., Ltd

$38

0.00%

Key facts CIK 1598646 CUSIP 603380205 13F (30d) 6 filings 6 filers Visit website Investor relations