Rhythm Pharmaceuticals, Inc.
US ˙ NasdaqGM ˙ US76243J1051

SecurityRYTM / Rhythm Pharmaceuticals, Inc.
InstitutionPerceptive Advisors Llc
ManagerJoseph Edelman
Latest Disclosed Ownership3,519,626 shares
Ownership 5.10%
Perceptive Advisors Llc ownership in RYTM / Rhythm Pharmaceuticals, Inc.

2026-05-15 - Perceptive Advisors Llc has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 3,519,626 shares of Rhythm Pharmaceuticals, Inc. (US:RYTM). This represents 5.1 percent ownership of the company. In their previous filing dated 2025-05-15 , Perceptive Advisors Llc had reported owning 4,423,441 shares, indicating a decrease of -20.43 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date
Effective
Date
Form Prev
Shares
Latest
Shares
ΔShares
(Percent)
Ownership
(Percent)
ΔOwnership
(Percent)
2026-05-15 2026-05-15 13G/A 4,423,441 3,519,626 -20.43 5.10 -25.00
2025-05-15 2025-05-15 13G/A 5,435,210 4,423,441 -18.62 6.80 -20.93
2024-11-14 2024-11-14 13G 5,143,575 5,435,210 5.67 8.60 3.61
2024-04-17 2024-04-17 13D/A 3,268,579 5,143,575 57.36 8.30 53.70
2024-04-03 2024-04-03 13D/A 3,268,579 3,268,579 0.00 5.40 0.00
2024-03-20 2024-03-20 13D 3,260,013 3,268,579 0.26 5.40 -1.82
2024-02-12 2024-02-12 13G 3,260,013 5.50

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date
Effective
Date
Form Security Class ID Avg Price
Paid (Est)
Reported
Shares
ΔShares ΔShares
(%)
Reported
Value
(x1000)
ΔValue
(%)
Alloc
(%)
ΔAlloc ΔAlloc (%) Cost Basis
(x1000)
Unrealized
Gain/Loss
(x1000)
2026-05-29 2026-03-31 13F/A-1 RHYTHM PHARMACEUTICALS COM 76243J105 2,373,795 -172,596 -6.78 206,449 -24.26 4.0341
2026-05-15 2026-03-31 13F RHYTHM PHARMACEUTICALS COM 76243J105 2,373,795 -172,596 206,449 4.0394
2026-02-17 2025-12-31 13F RHYTHM PHARMACEUTICALS COM 76243J105 2,546,391 107,422 4.40 272,566 -5.49 4.8583
2025-11-14 2025-09-30 13F RHYTHM PHARMACEUTICALS COM 76243J105 2,438,969 20,670 0.85 288,391 88.72 8.3275
2025-08-14 2025-06-30 13F RHYTHM PHARMACEUTICALS COM 76243J105 2,418,299 -130,146 -5.11 152,812 13.20 5.6653
2025-08-06 2025-03-31 13F/A-1 RHYTHM PHARMACEUTICALS COM 76243J105 2,548,445 -1,132,028 -30.76 134,991 -34.48 4.7688
2025-05-15 2025-03-31 13F RHYTHM PHARMACEUTICALS COM 76243J105 2,548,445 -1,132,028 134,991 4.7562
2025-02-14 2024-12-31 13F RHYTHM PHARMACEUTICALS COM 76243J105 3,680,473 120,259 3.38 206,033 10.46 5.6779
2024-11-14 2024-09-30 13F RHYTHM PHARMACEUTICALS COM 76243J105 3,560,214 113,635 3.30 186,520 31.80 3.9461
2024-08-16 2024-06-30 13F/A-1 RHYTHM PHARMACEUTICALS COM 76243J105 3,446,579 178,000 5.45 141,517 -0.08 3.4086
2024-08-14 2024-06-30 13F RHYTHM PHARMACEUTICALS COM 76243J105 3,446,579 178,000 141,517 3.3699
2024-08-06 2024-03-31 13F/A-1 RHYTHM PHARMACEUTICALS COM 76243J105 3,268,579 1,114,469 51.74 141,628 43.02 2.4780
2024-05-15 2024-03-31 13F RHYTHM PHARMACEUTICALS COM 76243J105 3,268,579 1,114,469 141,628 2.4597
2024-02-26 2023-12-31 13F/A-1 RHYTHM PHARMACEUTICALS COM 76243J105 2,154,110 1,773,282 465.64 99,024 1,034.30 2.2104
2024-02-14 2023-12-31 13F RHYTHM PHARMACEUTICALS COM 76243J105 2,154,110 1,773,282 99,024 2.2094
2023-11-14 2023-09-30 13F RHYTHM PHARMACEUTICALS COM 76243J105 380,828 380,828 8,730 0.2912
2020-08-17 2020-06-30 13F/A-1 RHYTHM PHARMACEUTICALS COM 76243J105 0 -170,859 -100.00 0 -100.00
2020-05-18 2020-03-31 13F/A-1 RHYTHM PHARMACEUTICALS COM 76243J105 170,859 0 0.00 2,600 -33.71 0.0677
2020-05-15 2020-03-31 13F RHYTHM PHARMACEUTICALS COM 76243J105 170,859 0 2,600 67,716.2336
2020-02-19 2019-12-31 13F/A-1 RHYTHM PHARMACEUTICALS COM 76243J105 170,859 170,859 3,922 0.0779
2020-02-14 2019-12-31 13F RHYTHM PHARMACEUTICALS COM 76243J105 170,859 170,859 3,922 63,317.9817
2019-11-14 2019-09-30 13F RHYTHM PHARMACEUTICALS COM 76243J105 0 -262,970 -100.00 0 -100.00
2019-08-14 2019-06-30 13F RHYTHM PHARMACEUTICALS COM 76243J105 262,970 -240,000 -47.72 5,785 -58.04 0.1327
2019-05-16 2019-03-31 13F/A-1 RHYTHM PHARMACEUTICALS COM 76243J105 502,970 -6,216 -1.22 13,786 0.17 0.3890
2019-05-15 2019-03-31 13F RHYTHM PHARMACEUTICALS COM 76243J105 502,970 13,786
2019-02-14 2018-12-31 13F RHYTHM PHARMACEUTICALS COM 76243J105 509,186 -155,000 -23.34 13,763 -28.96 0.5238
2018-11-14 2018-09-30 13F RHYTHM PHARMACEUTICALS COM 76243J105 664,186 -136,500 -17.05 19,374 -22.59 0.5180
2018-11-01 2018-06-30 13F/A-1 RHYTHM PHARMACEUTICALS COM 76243J105 800,686 208,400 35.19 25,029 112.36 0.6562
2018-08-14 2018-06-30 13F RHYTHM PHARMACEUTICALS COM 76243J105 800,686 208,400 25,029
2018-05-15 2018-03-31 13F RHYTHM PHARMACEUTICALS COM 76243J105 592,286 -152,849 -20.51 11,786 -45.57 0.3301
2018-02-14 2017-12-31 13F RHYTHM PHARMACEUTICALS COM 76243J105 745,135 745,135 21,654 0.7178
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.