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Balyasny group (NASDAQ: NERV) discloses a 9.99% stake of 4.32M shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Minerva Neurosciences, Inc. Schedule 13G/A shows Balyasny entities and Dmitry Balyasny reporting beneficial ownership of 4,323,112 shares of common stock, representing 9.99% of the class based on 43,274,398 Shares outstanding as of March 6, 2026.

The filing attributes voting and dispositive power over those shares to Balyasny Asset Management L.P., BAM GP LLC, Balyasny Asset Management Holdings, Dames GP LLC and Dmitry Balyasny, and states certain shares include amounts issuable upon exercise of warrants subject to a Beneficial Ownership Limitation.

Positive

  • None.

Negative

  • None.

Insights

Holders disclose a near-10% position with voting and dispositive power.

The filing lists 4,323,112 shares and shows sole voting and dispositive power attributed to the reporting persons. The statement traces control through fund, GP, holding and managing-member relationships, which is standard for pooled-investment structures.

Key dependencies include the Beneficial Ownership Limitation on warrants and the issuer's reported 43,274,398 shares outstanding as of March 6, 2026, which set the percent beneficial ownership disclosed.

Filing clarifies who holds voting authority and the scope of holdings.

The disclosure separates direct holders (ADMF and APHC) from the investment manager and its ownership chain, showing the economic interests are held on behalf of those clients. It also notes 64,512 shares issuable upon exercise of warrants reported as part of the position calculation.

Cash‑flow treatment and planned disposition activity are not stated; subsequent filings would be required to disclose any sales or conversions.

Beneficial ownership 4,323,112 shares reported beneficially owned by Balyasny entities and Dmitry Balyasny
Percent of class 9.99% based on 43,274,398 Shares outstanding as of March 6, 2026
Shares outstanding 43,274,398 Shares as of March 6, 2026 (source: issuer 10-K cited in filing)
Shares held by APHC 4,321,512 shares direct holdings reported for Atlas Private Holdings (including 64,512 shares issuable upon exercise of warrants)
Shares issuable on warrants 64,512 shares shares issuable upon exercise of 13,500 Warrants included in reported amount
CUSIP 603380205 Minerva Neurosciences common stock CUSIP
Beneficial Ownership Limitation regulatory
"the Warrants are subject to a blocker which prevents the holder from exercising the Warrants to the extent that, upon such exercise, the holder would beneficially own in excess of 9.99%"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
Sole Dispositive Power financial
"Each of the Reporting Persons has the sole power to dispose or to direct the disposition of: Each of the Reporting Persons has the sole power to vote or to direct the vote of 4,323,112 shares"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
ADMF / APHC other
"Atlas Diversified Master Fund, Ltd ("ADMF"), the direct holder of 1,600 shares... Atlas Private Holdings (Cayman) Ltd. ("APHC"), the direct holder of the 4,321,512 shares"
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603380205

(CUSIP Number)
03/31/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



Balyasny Asset Management L.P.
Signature:/s/ Scott Schroeder
Name/Title:Scott Schroeder / Authorized Signatory
Date:05/11/2026
BAM GP LLC
Signature:/s/ Scott Schroeder
Name/Title:Scott Schroeder / Authorized Signatory
Date:05/11/2026
Balyasny Asset Management Holdings LP
Signature:/s/ Scott Schroeder
Name/Title:Scott Schroeder / Authorized Signatory
Date:05/11/2026
Dames GP LLC
Signature:/s/ Scott Schroeder
Name/Title:Scott Schroeder / Authorized Signatory
Date:05/11/2026
Dmitry Balyasny
Signature:/s/ Dmitry Balyasny
Name/Title:Dmitry Balyasny / Self
Date:05/11/2026

FAQ

What stake does Balyasny report in Minerva Neurosciences (NERV)?

Balyasny reports beneficial ownership of 4,323,112 shares, or 9.99% of the class. This percentage is calculated using 43,274,398 shares outstanding as of March 6, 2026, per the company’s annual report referenced in the filing.

How is the 4,323,112‑share position held and attributed?

The position is held through ADMF and APHC, with BAM and affiliated entities acting as manager/GPs. The filing attributes sole voting and dispositive power to the reporting persons through their roles as manager, general partner, sole member and managing member.

Do the reported holdings include shares from warrant exercises?

The filing includes 64,512 shares issuable upon the exercise of warrants as part of the reported amount. Those warrants are subject to a Beneficial Ownership Limitation that can prevent exercise if it would push ownership above 9.99%.

What is the Beneficial Ownership Limitation described in the filing?

The filing states a blocker prevents exercising warrants to the extent exercise would result in beneficial ownership in excess of 9.99%. The clause is applied to the reported warrants when determining the beneficial ownership percentage.

Does the filing disclose any planned sales or transactions by Balyasny?

No planned sales or dispositions are disclosed in this excerpt. The statement explains ownership and voting power but does not specify any transactions, timing, or cash‑flow treatment for the reported shares.