13FPulse
ML

MLTX MOONLAKE IMMUNOTHERAPEUTICS

2026Q2 · CUSIP 61559X104 · Sector: Healthcare & Biotech

Piling in

Net holder growth ranks near the top of the market

Funds that own it
171
Institutions that reported holding it to the SEC
Net increase in holders
+25
Last quarter 146 → now 171
How unusual is that
Top 20%
Stronger buying than 87% of US stocks
What the filings say, in one paragraph

171 funds held MLTX at the end of 2026Q2, up 25 from the quarter before. That is stronger buying than 86.8% of US stocks — among the most piled-into names this quarter. On the business itself, return on equity is -61.6%. MLTX has had 5 buying rushes in its history, and the price moved +34.0% 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.

2022Q2: holders=23 2022Q3: holders=23 2022Q4: holders=33 2023Q1: holders=43 2023Q2: holders=84 2023Q3: holders=118 2023Q4: holders=125 2024Q1: holders=113 2024Q2: holders=110 2024Q3: holders=108 2024Q4: holders=114 2025Q1: holders=133 2025Q2: holders=128 2025Q3: holders=134 2025Q4: holders=130 2026Q1: holders=146 2026Q2: holders=171 -41 -20.5 +0 +20.5 +41 20100180 22Q222Q423Q223Q424Q224Q425Q225Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 5 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20%
2025Q1 Top 20% +21.2% +34.3%
2023Q3 Top 5% +40.9% +37.0%
2023Q2 Top 5% +0.3% -34.9%
2023Q1 Top 20% +85.6% +99.6%

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
85
Change in large funds
+14
Total value they hold
$1.4B
Funds buying for the first time
45
Funds that sold out entirely
20
Price change that quarter
-8.4%
Funds holding puts (bearish)
5
Funds holding calls (bullish)
9

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)
$-3.85
EPS YoY
Revenue (TTM)
Revenue YoY
Net margin
ROE
-61.6%
Debt ratio
25.4%
FCF (TTM)
-$225M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-06-30: EPS -0.34 2022-09-30: EPS -0.27 2023-03-31: EPS -0.23 2023-06-30: EPS -0.23 2023-09-30: EPS -0.18 2023-12-31: EPS -0.09 2024-03-31: EPS -0.22 2024-06-30: EPS -0.39 2024-09-30: EPS -0.56 2024-12-31: EPS -0.72 2025-03-31: EPS -0.63 2025-06-30: EPS -0.87 2025-09-30: EPS -1.10 2025-12-31: EPS -0.93 2026-03-31: EPS -0.98 2026-06-30: EPS -0.84 -1.21 -0.61 0.00 2022202320242025202606/26 EPS

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

Quarterly free cash flow
-66M-33M0K 202120222023202420252026
Latest quarter $-66M (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.