HRTXNasdaqPharmaceutical PreparationsFiscal year ends December 31
HERON THERAPEUTICS, INC. /DE/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$0.36−0.00 (-0.03%)
Close on Oct 19, 2026
- Market cap
- $68.69M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
70.4%
134M of 190M shares
Institutional holders
162
21 new, 22 sold out
Net institutional buying
-23M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 8,534,567 | 5.60% | 13G (passive) | Sep 30, 2024 |
| Rubric Capital Management LP | 30,046,828 | 15.90% | 13D (active) amendment | Oct 15, 2025 |
| David Rosen | 29,100,728 | 17.50% | 13D (active) amendment | Aug 8, 2025 |
| Clearline Capital LP | 12,235,239 | 6.70% | 13G (passive) amendment | Dec 31, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of HRTX | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Rubric Capital Management LP | 30,046,828 | 15.83% | $12.82M | – | 0.12% |
| Clearline Capital LP | 11,383,961 | 6.00% | $4.86M | −851,278 | 0.29% |
| BlackRock, Inc. | 10,550,750 | 5.56% | $4.50M | +444,328 | 0.00% |
| Velan Capital Investment Management LP | 8,753,290 | 4.61% | $3.74M | – | 2.28% |
| Vanguard Capital Management LLC | 7,782,741 | 4.10% | $3.32M | −27,588 | 0.00% |
| Tejara Capital Ltd | 6,510,795 | 3.43% | $2.78M | +174,040 | 1.14% |
| Tang Capital Management LLC | 6,250,000 | 3.29% | $2.67M | – | 0.12% |
| Geode Capital Management, LLC | 4,270,980 | 2.25% | $1.82M | +260,893 | 0.00% |
| Millennium Management LLC | 4,070,101 | 2.14% | $1.74M | −3,560,426 | 0.00% |
| JW Asset Management, LLC | 3,751,073 | 1.98% | $1.60M | – | 0.50% |
| State Street Corp | 3,228,557 | 1.70% | $1.38M | −615,115 | 0.00% |
| UBS Group AG | 2,997,073 | 1.58% | $1.28M | +711,190 | 0.00% |
| Pale Fire Capital SE | 2,511,478 | 1.32% | $1.07M | −204,850 | 0.08% |
| Marshall Wace, Llp | 2,354,193 | 1.24% | $1.01M | New | 0.00% |
| Congress Park Capital LLC | 2,016,447 | 1.06% | $860.62K | −2,016,290 | 0.23% |
| Richmond Brothers, Inc. | 1,792,319 | 0.94% | $764.96K | +355,614 | 0.40% |
| Vanguard Portfolio Management LLC | 1,580,510 | 0.83% | $674.88K | +271,198 | 0.00% |
| Aqr Capital Management LLC | 1,553,857 | 0.82% | $663.19K | +912,270 | 0.00% |
| Renaissance Technologies LLC | 1,506,900 | 0.79% | $643.15K | −211,400 | 0.00% |
| Vanguard Fiduciary Trust Co | 1,365,119 | 0.72% | $582.91K | +212,405 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 162 | 134M | 70.4% | 21 / 58 | 40 / 22 | 12M | 35M |
| Q1 2026 | 167 | 157M | 82.6% | 31 / 52 | 44 / 29 | 29M | 19M |
| Q4 2025 | 170 | 157M | 82.4% | 25 / 57 | 43 / 25 | 24M | 21M |
| Q3 2025 | 172 | 154M | 81.1% | 19 / 57 | 52 / 16 | 36M | 13M |
| Q2 2025 | 171 | 131M | 69.3% | 24 / 65 | 32 / 17 | 16M | 9M |
| Q1 2025 | 165 | 125M | 65.7% | 25 / 51 | 46 / 18 | 16M | 6M |
| Q4 2024 | 161 | 115M | 60.6% | 26 / 42 | 51 / 35 | 8M | 15M |
| Q3 2024 | 173 | 122M | 64.3% | 22 / 66 | 39 / 38 | 21M | 20M |
| Q2 2024 | 190 | 130M | 68.3% | 45 / 67 | 39 / 15 | 19M | 9M |
| Q1 2024 | 161 | 120M | 63.1% | 28 / 46 | 46 / 18 | 14M | 7M |
| Q4 2023 | 151 | 113M | 59.5% | 30 / 45 | 39 / 18 | 21M | 26M |
| Q3 2023 | 141 | 118M | 62.4% | 14 / 38 | 42 / 19 | 25M | 6M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of HRTX | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 5,474,947 | 2.88% | $2.34M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 3,684,597 | 1.94% | $1.57M | 0.00% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 2,063,361 | 1.09% | $880.64K | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,626,169 | 0.86% | $806.91K | 0.00% | Jul 31, 2026 |
| iShares Russell 2000 Growth ETF | 1,361,330 | 0.72% | $581.02K | 0.00% | Jun 30, 2026 |
| Schwab U.S. Small-Cap ETF | 869,904 | 0.46% | $756.90K | 0.00% | May 31, 2026 |
| Vanguard Russell 2000 Index Fund | 783,992 | 0.41% | $682.15K | 0.00% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 666,160 | 0.35% | $579.63K | 0.00% | May 31, 2026 |
| iShares Micro-Cap ETF | 537,335 | 0.28% | $229.33K | 0.02% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 510,428 | 0.27% | $217.85K | 0.00% | Jun 30, 2026 |
| Vanguard Health Care Index Fund | 415,508 | 0.22% | $361.53K | 0.00% | May 31, 2026 |
| Schwab Small-Cap Index Fund | 413,595 | 0.22% | $205.23K | 0.00% | Jul 31, 2026 |
| Jacob Small Cap Growth Fund | 357,097 | 0.19% | $310.71K | 3.75% | May 31, 2026 |
| Fidelity Total Market Index Fund | 318,641 | 0.17% | $277.25K | 0.00% | May 31, 2026 |
| Fidelity Series Total Market Index Fund | 273,188 | 0.14% | $237.70K | 0.00% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Craig A. Collard | Chief Executive Officer, Director | 856,492 | 0.45% | Aug 3, 2026 |
| Mark Earl Hensley | Chief Operating Officer | 170,901 | 0.09% | Aug 10, 2026 |
| William P. Forbes | EVP, Chief Development Officer | 241,173 | 0.13% | Aug 3, 2026 |
| Ira Duarte | EVP, Chief Financial Officer | 281,899 | 0.15% | Aug 3, 2026 |
| Thomas Cusack | Director | 53,960 | 0.03% | Feb 3, 2026 |
| Michael Kaseta | Director | 53,960 | 0.03% | Feb 3, 2026 |
| Craig A. Johnson | Director | 53,960 | 0.03% | Feb 3, 2026 |
| Sharmila Dissanaike | Director | 53,960 | 0.03% | Feb 3, 2026 |
| Adam Morgan | Director | 8,877,027 | 4.68% | Feb 3, 2026 |
| Waage Christian | Director | 53,960 | 0.03% | Feb 3, 2026 |
| Susan Rodriguez | Director | 87,180 | 0.05% | Feb 4, 2025 |
| Capital Management LP Rubric | 10% owner | 26,713,503 | 14.07% | Oct 17, 2025 |
| David Efraim Rosen | 10% owner | 30,046,828 | 15.83% | Oct 17, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Mark Earl Hensley Chief Operating Officer | Aug 6, 2026 | Tax withholding | −8,888 | $0.50 | $4.44K | 170,901 |
| Mark Earl Hensley Chief Operating Officer | Aug 6, 2026 | Option exercise | +31,250 | – | – | 179,789 |
| Craig A. Collard Chief Executive Officer, Director | Jul 31, 2026 | Option exercise | +34,789 | – | – | 856,492 |
| Ira Duarte EVP, Chief Financial Officer | Jul 31, 2026 | Tax withholding | −3,326 | $0.50 | $1.66K | 281,899 |
| Ira Duarte EVP, Chief Financial Officer | Jul 31, 2026 | Option exercise | +11,694 | – | – | 285,225 |
| Mark Earl Hensley Chief Operating Officer | Jul 31, 2026 | Option exercise | +11,769 | – | – | 148,539 |
| William P. Forbes EVP, Chief Development Officer | Jul 31, 2026 | Tax withholding | −3,326 | $0.50 | $1.66K | 241,173 |
| William P. Forbes EVP, Chief Development Officer | Jul 31, 2026 | Option exercise | +11,694 | – | – | 244,499 |
| Craig A. Collard Chief Executive Officer, Director | Jul 30, 2026 | Option exercise | +50,021 | – | – | 821,703 |
| Ira Duarte EVP, Chief Financial Officer | Jul 30, 2026 | Option exercise | +13,535 | – | – | 277,381 |
| Ira Duarte EVP, Chief Financial Officer | Jul 30, 2026 | Tax withholding | −3,850 | $0.50 | $1.93K | 273,531 |
| William P. Forbes EVP, Chief Development Officer | Jul 30, 2026 | Option exercise | +11,769 | – | – | 236,153 |
| William P. Forbes EVP, Chief Development Officer | Jul 30, 2026 | Tax withholding | −3,348 | $0.50 | $1.67K | 232,805 |
| Ira Duarte EVP, Chief Financial Officer | Jul 19, 2026 | Tax withholding | −1,101 | $0.47 | $517 | 263,846 |
| Ira Duarte EVP, Chief Financial Officer | Jul 19, 2026 | Option exercise | +3,874 | – | – | 264,947 |
| Craig A. Collard Chief Executive Officer, Director | Jul 19, 2026 | Option exercise | +13,797 | – | – | 771,682 |
| William P. Forbes EVP, Chief Development Officer | Jul 19, 2026 | Option exercise | +3,874 | – | – | 225,485 |
| William P. Forbes EVP, Chief Development Officer | Jul 19, 2026 | Tax withholding | −1,101 | $0.47 | $517 | 224,384 |
| Ira Duarte EVP, Chief Financial Officer | Jun 16, 2026 | Option exercise | +12,500 | – | – | 264,628 |
| Ira Duarte EVP, Chief Financial Officer | Jun 16, 2026 | Tax withholding | −3,555 | $0.38 | $1.35K | 261,073 |
| William P. Forbes EVP, Chief Development Officer | Jun 6, 2026 | Option exercise | +12,500 | – | – | 221,611 |
| Mark Earl Hensley Chief Operating Officer | May 6, 2026 | Option exercise | +125,000 | – | – | 136,770 |
| Craig A. Collard Chief Executive Officer, Director | Apr 30, 2026 | Option exercise | +50,021 | – | – | 757,885 |
| Craig A. Collard Chief Executive Officer, Director | Apr 30, 2026 | Option exercise | +34,789 | – | – | 696,841 |
| William P. Forbes EVP, Chief Development Officer | Apr 30, 2026 | Option exercise | +11,694 | – | – | 197,341 |
| William P. Forbes EVP, Chief Development Officer | Apr 30, 2026 | Option exercise | +11,770 | – | – | 209,111 |
| Ira Duarte EVP, Chief Financial Officer | Apr 30, 2026 | Option exercise | +13,535 | – | – | 252,128 |
| Ira Duarte EVP, Chief Financial Officer | Apr 30, 2026 | Option exercise | +11,694 | – | – | 227,570 |
| Mark Earl Hensley Chief Operating Officer | Apr 30, 2026 | Option exercise | +11,770 | – | – | 11,770 |
| William P. Forbes EVP, Chief Development Officer | Apr 19, 2026 | Option exercise | +3,874 | – | – | 185,647 |
| Ira Duarte EVP, Chief Financial Officer | Apr 19, 2026 | Option exercise | +3,874 | – | – | 215,876 |
| Craig A. Collard Chief Executive Officer, Director | Apr 19, 2026 | Option exercise | +13,797 | – | – | 662,052 |
| Craig A. Collard Chief Executive Officer, Director | Apr 3, 2026 | Option exercise | +62,500 | – | – | 648,255 |
| Ira Duarte EVP, Chief Financial Officer | Jan 31, 2026 | Option exercise | +11,695 | – | – | 195,356 |
| William P. Forbes EVP, Chief Development Officer | Jan 31, 2026 | Option exercise | +11,695 | – | – | 181,773 |
| Craig A. Collard Chief Executive Officer, Director | Jan 31, 2026 | Option exercise | +34,789 | – | – | 571,710 |
| Michael Kaseta Director | Jan 30, 2026 | Award | +53,960 | – | – | 53,960 |
| Sharmila Dissanaike Director | Jan 30, 2026 | Award | +53,960 | – | – | 53,960 |
| Craig A. Johnson Director | Jan 30, 2026 | Award | +53,960 | – | – | 53,960 |
| Thomas Cusack Director | Jan 30, 2026 | Award | +53,960 | – | – | 53,960 |
| Adam Morgan Director | Jan 30, 2026 | Award | +53,960 | – | – | 123,737 |
| Waage Christian Director | Jan 30, 2026 | Award | +53,960 | – | – | 53,960 |
| Craig A. Collard Chief Executive Officer, Director | Jan 19, 2026 | Option exercise | +13,797 | – | – | 536,921 |
| Ira Duarte EVP, Chief Financial Officer | Jan 19, 2026 | Option exercise | +3,875 | – | – | 183,661 |
| William P. Forbes EVP, Chief Development Officer | Jan 19, 2026 | Option exercise | +3,875 | – | – | 170,078 |
| Thomas Cusack Director | Nov 8, 2025 | Award | +37,879 | – | – | 37,879 |
| Ira Duarte EVP, Chief Financial Officer | Oct 31, 2025 | Option exercise | +11,694 | – | – | 179,786 |
| Craig A. Collard Chief Executive Officer, Director | Oct 31, 2025 | Option exercise | +34,789 | – | – | 523,124 |
| William P. Forbes EVP, Chief Development Officer | Oct 31, 2025 | Option exercise | +11,694 | – | – | 166,203 |
| Ira Duarte EVP, Chief Financial Officer | Oct 19, 2025 | Option exercise | +3,874 | – | – | 168,092 |
| William P. Forbes EVP, Chief Development Officer | Oct 19, 2025 | Option exercise | +3,874 | – | – | 154,509 |
| Craig A. Collard Chief Executive Officer, Director | Oct 19, 2025 | Option exercise | +13,797 | – | – | 488,335 |
| David Efraim Rosen 10% owner | Oct 15, 2025 | Conversion | +946,100 | – | – | 30,046,828 |
| Adam Morgan Director | Aug 8, 2025 | Buy | +1,766,546 | $1.50 | $2.65M | 8,753,290 |
| David Efraim Rosen 10% owner | Aug 8, 2025 | Buy | +2,387,225 | $1.50 | $3.58M | 29,100,728 |
| Craig A. Collard Chief Executive Officer, Director | Jul 31, 2025 | Option exercise | +34,789 | – | – | 474,538 |
| Ira Duarte EVP, Chief Financial Officer | Jul 31, 2025 | Option exercise | +11,695 | – | – | 164,218 |
| William P. Forbes EVP, Chief Development Officer | Jul 31, 2025 | Option exercise | +11,695 | – | – | 150,635 |
| Craig A. Collard Chief Executive Officer, Director | Jul 19, 2025 | Option exercise | +13,797 | – | – | 439,749 |
| William P. Forbes EVP, Chief Development Officer | Jul 19, 2025 | Option exercise | +3,874 | – | – | 138,940 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.