13FPulse
HR

HRTX HERON THERAPEUTICS INC

2026Q2 · CUSIP 427746102 · Sector: Healthcare & Biotech

Normal

Fund flows are within the usual range

Funds that own it
161
Institutions that reported holding it to the SEC
Net decrease in holders
5
Last quarter 166 → now 161
How unusual is that
Below average
Stronger than only 20% of US stocks
What the filings say, in one paragraph

161 funds held HRTX at the end of 2026Q2, down 5 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $151M(YoY +1.0%), return on equity is -492.9%. HRTX has had 8 buying rushes in its history, and the price moved -19.0% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Healthcare & Biotech sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2014Q2: holders=67 2014Q3: holders=59 2014Q4: holders=63 2015Q1: holders=69 2015Q2: holders=87 2015Q3: holders=101 2015Q4: holders=107 2016Q1: holders=100 2016Q2: holders=93 2016Q3: holders=91 2016Q4: holders=99 2017Q1: holders=99 2017Q2: holders=103 2017Q3: holders=103 2017Q4: holders=124 2018Q1: holders=153 2018Q2: holders=193 2018Q3: holders=191 2018Q4: holders=173 2019Q1: holders=195 2019Q2: holders=174 2019Q3: holders=179 2019Q4: holders=198 2020Q1: holders=191 2020Q2: holders=189 2020Q3: holders=180 2020Q4: holders=187 2021Q1: holders=193 2021Q2: holders=190 2021Q3: holders=196 2021Q4: holders=199 2022Q1: holders=185 2022Q2: holders=172 2022Q3: holders=186 2022Q4: holders=176 2023Q1: holders=161 2023Q2: holders=150 2023Q3: holders=141 2023Q4: holders=151 2024Q1: holders=160 2024Q2: holders=190 2024Q3: holders=173 2024Q4: holders=161 2025Q1: holders=165 2025Q2: holders=170 2025Q3: holders=172 2025Q4: holders=170 2026Q1: holders=166 2026Q2: holders=161 -40 -20 +0 +20 +40 53131209 14Q215Q417Q218Q420Q221Q423Q224Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 8 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2024Q2 Top 10% -35.8% -12.4%
2022Q3 Top 10% -11.5% -57.4%
2019Q1 Top 20% -4.9% +15.4%
2018Q2 Top 5% -27.5% -27.8%
2018Q1 Top 10% +13.8% -17.5%
2015Q3 Top 10% -31.7% -31.6%
2015Q2 Top 20% -21.3% -39.0%
2014Q2 Top 5% -15.5% +18.6%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
79
Change in large funds
+1
Total value they hold
$57M
Funds buying for the first time
22
Funds that sold out entirely
27
Price change that quarter
-64.0%
Funds holding puts (bearish)
3
Funds holding calls (bullish)
3

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
EPS (TTM)
$-0.18
EPS YoY
Revenue (TTM)
$0.2B
Revenue YoY
+1.0%
Net margin
-22.5%
ROE
-492.9%
Debt ratio
97.3%
FCF (TTM)
-$12M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS -0.51 2021-12-31: EPS -0.53 2022-03-31: EPS -0.63 2022-06-30: EPS -0.55 2022-09-30: EPS -0.38 2022-12-31: EPS -0.11 2023-03-31: EPS -0.27 2023-06-30: EPS -0.35 2023-09-30: EPS -0.17 2023-12-31: EPS -0.01 2024-03-31: EPS -0.02 2024-06-30: EPS -0.06 2024-09-30: EPS -0.03 2024-12-31: EPS 0.02 2025-03-31: EPS 0.01 2025-06-30: EPS -0.02 2025-09-30: EPS -0.10 2025-12-31: EPS -0.01 2026-03-31: EPS -0.04 2026-06-30: EPS -0.03 0M 21M 43M $M -0.69 -0.34 0.02 201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

Quarterly free cash flow
-63M-30M3M 20162017201820192020202120222023202420252026
Latest quarter $-2M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.