FISHMAN JAY A LTD/MI ARQT — ARCUTIS BIOTHERAPEUTICS INC

Ownership history in FISHMAN JAY A LTD/MI  ·  16 quarters on record

AI Ownership Summary

FISHMAN JAY A LTD/MI reported ARCUTIS BIOTHERAPEUTICS INC (ARQT) in 16 quarterly 13F filings from 2023 Q4 through 2026 Q1. Peak portfolio weight reached 1.35% in 2025 Q4. The latest visible filing shows ARQT at 1.19% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this ARQT ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was FISHMAN JAY A LTD/MI's position in ARCUTIS BIOTHERAPEUTICS INC, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q1

ARQT was reported at 1.19% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
1.35% in 2025 Q4

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2026 Q1

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

ARQT stock page FISHMAN JAY A LTD/MI fund profile FISHMAN JAY A LTD/MI full holdings
How FISHMAN JAY A LTD/MI held ARQT — position size vs. price
% of Fund (quarterly)    ARQT price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 10 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q1 ADDED — — — 566,730 +2,080 +0.4% 1.19% $13.4M 2026-04-29 $22.37
2025 Q4 REDUCED — — — 564,650 -1,000 -0.2% 1.35% $16.4M 2026-01-28 $25.45
2025 Q3 ADDED — — — 565,650 +9,500 +1.7% 0.91% $10.7M 2025-11-05 $24.38
2025 Q2 ADDED — — — 556,150 +23,000 +4.3% 0.75% $7.8M 2025-07-22 $14.55
2025 Q1 REDUCED — — — 533,150 -3,250 -0.6% 0.91% $8.3M 2025-04-22 $13.83
2024 Q4 ADDED — — — 536,400 +118,400 +28.3% 0.70% $7.5M 2025-01-29 $13.72
2024 Q3 ADDED — — — 418,000 +403,966 +2878.5% 0.39% $3.9M 2024-10-30 $8.52
2024 Q2 REDUCED 93.7% +0.0% ❌ 14,034 -210,266 -93.7% 0.34% $3.2M 2024-07-31 $10.07
2024 Q1 ADDED — — — 224,300 +171,300 +323.2% 0.25% $2.2M 2024-04-23 $8.74
2023 Q4 REDUCED 39.1% +199.7% ❌ 53,000 -34,000 -39.1% 0.02% $171K 2024-01-24 $4.56
6 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding ARQT

As of 2026 Q1 — sorted by position size

1492 Capital Management LLC 3Y 7Y 1.06% Perpetual Ltd 3Y 7Y 0.33% PSP Research LLC 0.33% PEREGRINE CAPITAL MANAGEMENT LLC 3Y 7Y 0.27% MFA Wealth Services 0.25% ZEVENBERGEN CAPITAL INVESTMENTS LLC 3Y 7Y 0.24% Phocas Financial Corp. 3Y 7Y 0.19% Candriam S.C.A. 3Y 7Y 0.13% Hillsdale Investment Management Inc. 3Y 7Y 0.12% KORNITZER CAPITAL MANAGEMENT INC /KS 3Y 7Y 0.09%

FAQ About FISHMAN JAY A LTD/MI and ARQT

These are the practical questions this page is built to answer before you even open the full history table.

How long has FISHMAN JAY A LTD/MI reported owning ARQT?

FISHMAN JAY A LTD/MI reported ARQT across 10 quarterly 13F filings, from 2023 Q4 through 2026 Q1.

What was the largest reported ARQT position in FISHMAN JAY A LTD/MI's portfolio?

The largest reported portfolio weight for ARQT was 1.35% in 2025 Q4.

What is the latest reported ARQT position on this page?

The most recent filing on this page is 2026 Q1, when FISHMAN JAY A LTD/MI reported 566,730 shares, equal to 1.19% of portfolio, with an estimated market value of $13.4M.

What does the chart on this ARQT ownership page compare?

The chart compares FISHMAN JAY A LTD/MI's quarterly ARQT portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did FISHMAN JAY A LTD/MI time their ARQT position?

Based on 13F filing dates vs. subsequent ARQT price moves, FISHMAN JAY A LTD/MI correctly timed 10 out of 15 reported position changes (67%). The annualised alpha on ARQT relative to SPY over the holding period was -17.2%.

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