Vault-13

ABIVAX SA ABVX

SPONSORED ADS · ADR · CUSIP 00370M103 · ISIN US00370M1036

247 institutional holders +82 vs Q3 2025
56,305,79356.3m shares reported held*
$7.6bnreported value*
94 new 76 added 50 reduced 24 sold out net bought ≈ $506.9m (+3.8m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($814.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $135.09. Options: 21 managers hold calls ($341.4m notional), 14 hold puts ($228.3m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q4 23: 31Q1 24: 37Q2 24: 39Q3 24: 41Q4 24: 49Q1 25: 47Q2 25: 44Q3 25: 165Q4 25: 247247Q4 23Q2 24Q4 24Q2 25Q4 25
Numbers
QuarterHolders
Q4 202331
Q1 202437
Q2 202439
Q3 202441
Q4 202449
Q1 202547
Q2 202544
Q3 2025165
Q4 2025247

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q1 24: 21 bought or addedQ1 24: 13 cut or sold outQ2 24: 17 bought or addedQ2 24: 15 cut or sold outQ2 24Q3 24: 21 bought or addedQ3 24: 14 cut or sold outQ4 24: 25 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 26 bought or addedQ1 25: 19 cut or sold outQ2 25: 22 bought or addedQ2 25: 20 cut or sold outQ2 25Q3 25: 143 bought or addedQ3 25: 25 cut or sold outQ4 25: 170 bought or addedQ4 25: 74 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242113
Q2 20241715
Q3 20242114
Q4 20242514
Q1 20252619
Q2 20252220
Q3 202514325
Q4 202517074

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300m$400mQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $5.5mQ3 25 puts: $3.7mQ3 25P/C 0.68Q4 25 calls: $341.4mQ4 25 puts: $228.3mQ4 25P/C 0.67
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$5.5m$3.7m0.68
Q4 2025$341.4m$228.3m0.67

Biggest buyers

MORGAN STANLEY Added +1,681,277+1.7m
WESTFIELD CAPITAL MANAGEMENT CO LP New +1,009,966+1.0m
Vestal Point Capital, LP Added +900,000+900.0k
DEUTSCHE BANK AG\ New +764,899+764.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +720,222+720.2k
LORD, ABBETT & CO. LLC Added +513,026+513.0k
JPMORGAN CHASE & CO New +455,923+455.9k
BlackRock, Inc. New +436,713+436.7k
BANK OF AMERICA CORP /DE/ Added +426,696+426.7k
Artia Global Partners LP Added +375,294+375.3k

Biggest sellers

Fairmount Funds Management LLC Sold out -713,434-713.4k
Cormorant Asset Management, LP Reduced -600,000-600.0k
Venrock Adviser, LLC Sold out -576,729-576.7k
Octagon Capital Advisors LP Reduced -569,000-569.0k
Point72 Asset Management, L.P. Reduced -516,198-516.2k
ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -427,629-427.6k
FARALLON CAPITAL MANAGEMENT, L.L.C. Reduced -418,000-418.0k
Nantahala Capital Management, LLC Reduced -404,329-404.3k
Aberdeen Group plc Reduced -360,759-360.8k
MILLENNIUM MANAGEMENT LLC Reduced -358,970-359.0k

Biggest calls

BARCLAYS PLC New $67.4m500.0k shares
Point72 Asset Management, L.P. New $67.4m500.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $55.2m409.0k shares
CITADEL ADVISORS LLC Added $43.1m319.3k shares
JANE STREET GROUP, LLC New $29.5m218.6k shares
Ikarian Capital, LLC New $16.9m125.1k shares
LMR Partners LLP New $14.3m105.8k shares
GROUP ONE TRADING LLC Added $11.2m82.9k shares
IMC-Chicago, LLC New $7.5m55.9k shares
TUDOR INVESTMENT CORP ET AL New $7.3m54.2k shares

Biggest puts

BARCLAYS PLC New $67.4m500.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $43.8m324.8k shares
JANE STREET GROUP, LLC New $30.7m227.3k shares
CITADEL ADVISORS LLC Added $27.0m200.5k shares
Balyasny Asset Management L.P. New $18.2m135.0k shares
GROUP ONE TRADING LLC New $18.2m134.7k shares
LMR Partners LLP New $11.5m85.1k shares
TUDOR INVESTMENT CORP ET AL New $6.7m49.8k shares
IMC-Chicago, LLC New $1.8m13.5k shares
DLD Asset Management, LP New $1.3m10.0k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
TCG Crossover GP I, LLC 13G · passive investor -2.1 pts · filed 2026-08-14 7.0% -2.1 pts 6.0m 2026-08-14
Invus Global Management, LLC 13G · passive investor +1.0 pts · filed 2026-08-13 6.0% +1.0 pts 4.8m 2026-08-13

Fell to 5% or below in the last year: Sofinnova Crossover I (4.3%, 2026-07-06), Venrock Healthcare Capital Partners III, L.P. (0.8%, 2025-11-14)

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TCG Crossover Management, LLC 31.74% of their portfolio PALO ALTO, CA 7,111,5967.1m $959.0m $959.0m 31.74% Unchanged
2 UBS Group AG 0.12% of their portfolio ZURICH, V8 4,423,9064.4m $596.6m $596.6m 0.12% Reduced -37.4k -37,356
3 Darwin Global Management, Ltd. 8.90% of their portfolio ST. HELIER, Y9 3,178,5013.2m $439.7m $439.7m 8.90% Added +14.0k +14,000
4 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 3,151,9943.2m $425.1m $425.1m 0.03% Added +1.7m +1,681,277
5 Point72 Asset Management, L.P. 0.51% of their portfolio STAMFORD, CT 2,409,1542.4m $324.9m $324.9m 0.51% Reduced -516.2k -516,198
6 Vestal Point Capital, LP 9.40% of their portfolio NEW YORK, NY 1,900,0001.9m $256.2m $256.2m 9.40% Added +900.0k +900,000
7 Caligan Partners LP 17.92% of their portfolio NEW YORK, NY 1,451,9241.5m $195.8m $195.8m 17.92% Unchanged
8 Paradigm Biocapital Advisors LP 5.12% of their portfolio NEW YORK, NY 1,417,4731.4m $191.2m $191.2m 5.12% Reduced -146.7k -146,723
9 FMR LLC 0.01% of their portfolio BOSTON, MA 1,365,6571.4m $184.2m $184.2m 0.01% Reduced -65.0k -65,016
10 Cormorant Asset Management, LP 10.32% of their portfolio BOSTON, MA 1,350,0001.4m $182.1m $182.1m 10.32% Reduced -600.0k -600,000
11 ADAR1 Capital Management, LLC 13.29% of their portfolio AUSTIN, TX 1,317,3291.3m $177.6m $177.6m 13.29% Reduced -33.5k -33,497
12 WESTFIELD CAPITAL MANAGEMENT CO LP 0.57% of their portfolio BOSTON, MA 1,009,9661.0m $136.2m $136.2m 0.57% New
13 BAKER BROS. ADVISORS LP 0.69% of their portfolio NEW YORK, NY 875,796875.8k $118.1m $118.1m 0.69% Unchanged
14 LORD, ABBETT & CO. LLC 0.35% of their portfolio JERSEY CITY, NJ 849,732849.7k $114.6m $114.6m 0.35% Added +513.0k +513,026
15 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 764,899764.9k $103.2m $103.2m 0.03% New
16 Octagon Capital Advisors LP 12.76% of their portfolio NEW YORK, NY 756,000756.0k $102.0m $102.0m 12.76% Reduced -569.0k -569,000
17 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.14% of their portfolio BALA CYNWYD, PA 754,836754.8k $101.8m $101.8m 0.14% Added +720.2k +720,222
18 MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 741,060741.1k $99.9m $99.9m 0.07% Reduced -359.0k -358,970
19 Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. 8.28% of their portfolio WARSZAWA, R9 691,973692.0k $93.3m $93.3m 8.28% Reduced -39.5k -39,550
20 JANUS HENDERSON GROUP PLC 0.04% of their portfolio LONDON, X0 667,761667.8k $90.0m $90.0m 0.04% Added +313.0k +313,027
21 Eversept Partners, LP 4.97% of their portfolio NEW YORK, NY 657,834657.8k $88.7m $88.7m 4.97% Added +231.3k +231,335
22 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 651,644651.6k $87.9m $87.9m 0.01% Added +171.8k +171,775
23 Saturn V Capital Management LP 16.07% of their portfolio AUSTIN, TX 649,179649.2k $87.5m $87.5m 16.07% Reduced -152.0k -152,045
24 Artia Global Partners LP 13.02% of their portfolio MIAMI, FL 600,747600.7k $81.0m $81.0m 13.02% Added +375.3k +375,294
25 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 563,747563.7k $76.0m $76.0m 0.05% Reduced -118.0k -118,038
26 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.11% of their portfolio Boston, MA 550,000550.0k $74.2m $74.2m 0.11% Reduced -427.6k -427,629
27 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 522,289522.3k $70.4m $70.4m 0.01% Added +426.7k +426,696
28 Ensign Peak Advisors, Inc 0.12% of their portfolio SALT LAKE CITY, UT 518,347518.3k $69.9m $69.9m 0.12% Added +62.7k +62,663
29 BVF INC/IL 2.31% of their portfolio San Francisco, CA 508,031508.0k $68.5m $68.5m 2.31% Reduced -50.0k -50,000
30 BOOTHBAY FUND MANAGEMENT, LLC 1.76% of their portfolio NEW YORK, NY 507,881507.9k $68.5m $68.5m 1.76% Reduced -90.0k -90,050
31 Affinity Asset Advisors, LLC 4.89% of their portfolio NEW YORK, NY 505,000505.0k $68.1m $68.1m 4.89% Added +145.0k +145,000
32 PERCEPTIVE ADVISORS LLC 1.13% of their portfolio NEW YORK, NY 458,343458.3k $61.8m $61.8m 1.13% Added +69.7k +69,735
33 Jefferies Financial Group Inc. 0.51% of their portfolio NEW YORK, NY 457,325457.3k $61.7m $61.7m 0.51% Unchanged
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 455,923455.9k $61.5m $61.5m 0.00% New
35 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 449,121449.1k $60.6m $60.6m 0.01% Reduced -67.0k -66,969
36 BlackRock, Inc. 0.00% of their portfolio New York, NY 436,713436.7k $58.9m $58.9m 0.00% New
37 Aberdeen Group plc 0.09% of their portfolio EDINBURGH, X0 426,658426.7k $57.5m $57.5m 0.09% Reduced -360.8k -360,759
38 JANE STREET GROUP, LLC 0.07% of their portfolio NEW YORK, NY 423,257423.3k $57.1m $57.1m 0.07% Added +355.5k +355,455
39 SILVERARC CAPITAL MANAGEMENT, LLC 8.24% of their portfolio BOSTON, MA 422,193422.2k $56.9m $56.9m 8.24% Reduced -117.5k -117,511
40 Logos Global Management LP 3.59% of their portfolio San Francisco, CA 400,000400.0k $53.9m $53.9m 3.59% Reduced -15.0k -15,000
41 STEMPOINT CAPITAL LP 9.07% of their portfolio NEW YORK, NY 391,783391.8k $52.8m $52.8m 9.07% Added +225.5k +225,510
42 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.27% of their portfolio SAN FRANCISCO, CA 387,000387.0k $52.2m $52.2m 0.27% Reduced -418.0k -418,000
43 First Turn Management, LLC 5.87% of their portfolio DEL MAR, CA 381,233381.2k $51.4m $51.4m 5.87% Added +89.4k +89,413
44 Frazier Life Sciences Management, L.P. 1.37% of their portfolio PALO ALTO, CA 378,300378.3k $51.0m $51.0m 1.37% Unchanged
45 ORBIMED ADVISORS LLC 1.02% of their portfolio New York, NY 367,900367.9k $49.6m $49.6m 1.02% Reduced -12.1k -12,100
46 Vivo Capital, LLC 3.13% of their portfolio Palo Alto, CA 359,305359.3k $48.5m $48.5m 3.13% Unchanged
47 Balyasny Asset Management L.P. 0.09% of their portfolio Chicago, IL 358,322358.3k $48.3m $48.3m 0.09% Added +198.1k +198,102
48 EVENTIDE ASSET MANAGEMENT, LLC 0.69% of their portfolio Boston, MA 327,911327.9k $44.2m $44.2m 0.69% Reduced -69.0k -68,993
49 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 308,789308.8k $41.6m $41.6m 0.02% Added +232.4k +232,447
50 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 263,533263.5k $35.5m $35.5m 0.01% Added +127.9k +127,907
51 Holocene Advisors, LP 0.07% of their portfolio New York, NY 258,657258.7k $34.9m $34.9m 0.07% Reduced -202.6k -202,644
52 Woodline Partners LP 0.12% of their portfolio San Francisco, CA 225,892225.9k $30.5m $30.5m 0.12% Reduced -85.2k -85,150
53 Evergreen Quality Fund GP, Ltd. 0.60% of their portfolio GRAND CAYMAN, E9 224,300224.3k $30.2m $30.2m 0.60% Reduced -64.3k -64,300
54 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 217,890217.9k $29.4m $29.4m 0.02% New
55 ExodusPoint Capital Management, LP 0.32% of their portfolio NEW YORK, NY 215,273215.3k $29.0m $29.0m 0.32% New
56 Hudson Bay Capital Management LP 0.16% of their portfolio STAMFORD, CT 208,219208.2k $28.1m $28.1m 0.16% Added +117.2k +117,157
57 Ikarian Capital, LLC 3.77% of their portfolio DALLAS, TX 205,985206.0k $29.1m $29.1m 3.77% Reduced -190.1k -190,113
58 Nantahala Capital Management, LLC 1.23% of their portfolio NEW CANAAN, CT 153,235153.2k $20.7m $20.7m 1.23% Reduced -404.3k -404,329
59 Squadron Capital Management LLC 8.73% of their portfolio OAK BROOK, IL 145,000145.0k $19.6m $19.6m 8.73% First filing
60 Patient Square Capital LP 3.75% of their portfolio MENLO PARK, CA 130,000130.0k $17.5m $17.5m 3.75% Reduced -21.8k -21,833
61 TimesSquare Capital Management, LLC 0.26% of their portfolio NEW YORK, NY 129,384129.4k $17.4m $17.4m 0.26% Added +1.4k +1,361
62 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 127,907127.9k $17.2m $17.2m 0.01% New
63 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 125,403125.4k $16.9m $16.9m 0.00% New
64 Boxer Capital Management, LLC 3.69% of their portfolio San Diego, CA 125,000125.0k $16.9m $16.9m 3.69% Added +5.0k +5,000
65 Pictet Asset Management Holding SA 0.02% of their portfolio CAROUGE, V8 124,449124.4k $16.8m $16.8m 0.02% Reduced -72.4k -72,387
66 NAN FUNG TRINITY (HK) LTD 1.21% of their portfolio CENTRAL, HONG KONG, K3 113,365113.4k $15.3m $15.3m 1.21% Added +12.0k +12,000
67 FEDERATED HERMES, INC. 0.02% of their portfolio PITTSBURGH, PA 108,200108.2k $14.6m $14.6m 0.02% Added +8.7k +8,700
68 Voleon Capital Management LP 0.31% of their portfolio BERKELEY, CA 105,386105.4k $14.2m $14.2m 0.31% Added +88.6k +88,629
69 Creek Drive Management Group LLC 10.28% of their portfolio SAN FRANCISCO, CA 103,500103.5k $14.0m $14.0m 10.28% First filing
70 Catalio Capital Management, LP 2.35% of their portfolio NEW YORK, NY 98,51498.5k $13.3m $13.3m 2.35% Reduced -63.6k -63,627
71 READYSTATE ASSET MANAGEMENT LP 0.57% of their portfolio CHICAGO, IL 95,72995.7k $12.9m $12.9m 0.57% New
72 LMR Partners LLP 0.12% of their portfolio LONDON, X0 94,55294.6k $12.8m $12.8m 0.12% Added +20.5k +20,474
73 Apis Capital Advisors, LLC 2.09% of their portfolio New York, NY 89,00089.0k $12.0m $12.0m 2.09% Reduced -16.4k -16,400
74 First Light Asset Management, LLC 0.91% of their portfolio Edina, MN 88,67488.7k $12.0m $12.0m 0.91% Reduced -7.3k -7,281
75 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 87,15387.2k $11.7m $11.7m 0.01% Added +20.4k +20,428
76 SAMLYN CAPITAL, LLC 0.18% of their portfolio New York, NY 84,28684.3k $11.4m $11.4m 0.18% New
77 Nicholas Investment Partners, LP 0.82% of their portfolio RANCHO SANTA FE, CA 83,06883.1k $11.2m $11.2m 0.82% Added +63.6k +63,640
78 ODDO BHF ASSET MANAGEMENT SAS 0.40% of their portfolio PARIS, I0 79,35079.3k $10.7m $10.7m 0.40% Not comparable
79 ANDERA PARTNERS 5.97% of their portfolio PARIS, I0 78,12578.1k $10.5m $10.5m 5.97% First filing
80 DIADEMA PARTNERS LP 6.08% of their portfolio MORRISTOWN, NJ 75,64475.6k $10.2m $10.2m 6.08% Added +34.0k +34,024
81 SAMSARA BIOCAPITAL, LLC 1.05% of their portfolio PALO ALTO, CA 75,44275.4k $10.2m $10.2m 1.05% Unchanged
82 HighVista Strategies LLC 2.51% of their portfolio BOSTON, MA 72,18572.2k $9.7m $9.7m 2.51% Reduced -112.3k -112,283
83 Ally Bridge Group (NY) LLC 14.98% of their portfolio NEW YORK, NY 70,00070.0k $9.4m $9.4m 14.98% New
84 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 67,66567.7k $9.1m $9.1m 0.00% Added +9.0k +9,047
85 Velan Capital Investment Management LP 5.26% of their portfolio ALPHARETTA, GA 67,00067.0k $9.0m $9.0m 5.26% Added +2.6k +2,611
86 Resolute Capital Asset Partners LLC 4.24% of their portfolio DENVER, CO 65,00065.0k $8.8m $8.8m 4.24% Added +25.0k +25,000
87 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 64,47364.5k $8.7m $8.7m 0.01% Added +22.6k +22,579
88 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 63,90263.9k $8.6m $8.6m 0.01% Added +17.4k +17,416
89 ACT CAPITAL MANAGEMENT, LLC 6.97% of their portfolio WAYNE, PA 63,90063.9k $8.6m $8.6m 6.97% First filing
90 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 62,84262.8k $8.5m $8.5m 0.00% Added +33.6k +33,595
91 Verition Fund Management LLC 0.04% of their portfolio GREENWICH, CT 61,31761.3k $8.3m $8.3m 0.04% Added +4.7k +4,699
92 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 59,75859.8k $8.1m $8.1m 0.01% Reduced -129.9k -129,946
93 MPM BIOIMPACT LLC 0.87% of their portfolio BOSTON, MA 56,31656.3k $7.6m $7.6m 0.87% New
94 SummitTX Capital, L.P. 0.23% of their portfolio FORT WORTH, TX 56,17456.2k $7.6m $7.6m 0.23% Added +30.4k +30,354
95 Atika Capital Management LLC 1.03% of their portfolio NEW YORK, NY 55,00055.0k $7.4m $7.4m 1.03% Reduced -14.0k -14,000
96 Y-Intercept (Hong Kong) Ltd 0.17% of their portfolio HONG KONG, K3 54,99355.0k $7.4m $7.4m 0.17% New
97 Erste Asset Management GmbH 0.06% of their portfolio VIENNA, C4 50,00050.0k $7.0m $7.0m 0.06% Unchanged
98 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 49,93349.9k $6.7m $6.7m 0.00% Added +20.1k +20,081
99 Spruce Street Capital LP 2.19% of their portfolio NEW YORK, NY 49,11949.1k $6.6m $6.6m 2.19% First filing
100 Davern Capital Partners, LP 2.11% of their portfolio NY, NY 48,50248.5k $6.5m $6.5m 2.11% First filing