ABIVAX SA ABVX
SPONSORED ADS · ADR · CUSIP 00370M103 · ISIN US00370M1036
- SectorHealth care
- IndustryPharmaceutical Preparations
- FilingsSEC EDGAR
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q4 2023 | 31 |
| Q1 2024 | 37 |
| Q2 2024 | 39 |
| Q3 2024 | 41 |
| Q4 2024 | 49 |
| Q1 2025 | 47 |
| Q2 2025 | 44 |
| Q3 2025 | 165 |
| Q4 2025 | 247 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 21 | 13 |
| Q2 2024 | 17 | 15 |
| Q3 2024 | 21 | 14 |
| Q4 2024 | 25 | 14 |
| Q1 2025 | 26 | 19 |
| Q2 2025 | 22 | 20 |
| Q3 2025 | 143 | 25 |
| Q4 2025 | 170 | 74 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $0 | $0 | — |
| Q2 2025 | $0 | $0 | — |
| Q3 2025 | $5.5m | $3.7m | 0.68 |
| Q4 2025 | $341.4m | $228.3m | 0.67 |
Biggest buyers
| MORGAN STANLEY | Added | +1.7m |
| WESTFIELD CAPITAL MANAGEMENT CO LP | New | +1.0m |
| Vestal Point Capital, LP | Added | +900.0k |
| DEUTSCHE BANK AG\ | New | +764.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +720.2k |
| LORD, ABBETT & CO. LLC | Added | +513.0k |
| JPMORGAN CHASE & CO | New | +455.9k |
| BlackRock, Inc. | New | +436.7k |
| BANK OF AMERICA CORP /DE/ | Added | +426.7k |
| Artia Global Partners LP | Added | +375.3k |
Biggest sellers
| Fairmount Funds Management LLC | Sold out | -713.4k |
| Cormorant Asset Management, LP | Reduced | -600.0k |
| Venrock Adviser, LLC | Sold out | -576.7k |
| Octagon Capital Advisors LP | Reduced | -569.0k |
| Point72 Asset Management, L.P. | Reduced | -516.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -427.6k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | Reduced | -418.0k |
| Nantahala Capital Management, LLC | Reduced | -404.3k |
| Aberdeen Group plc | Reduced | -360.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -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.
| Holder | Stake |
|---|---|
| TCG Crossover GP I, LLC 13G · passive investor -2.1 pts · filed 2026-08-14 | 7.0% |
| Invus Global Management, LLC 13G · passive investor +1.0 pts · filed 2026-08-13 | 6.0% |
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
| Manager | Shares | Change |
|---|---|---|
| TCG Crossover Management, LLC 31.74% of their portfolio | 7.1m $959.0m | Unchanged |
| UBS Group AG 0.12% of their portfolio | 4.4m $596.6m | Reduced -37.4k |
| Darwin Global Management, Ltd. 8.90% of their portfolio | 3.2m $439.7m | Added +14.0k |
| MORGAN STANLEY 0.03% of their portfolio | 3.2m $425.1m | Added +1.7m |
| Point72 Asset Management, L.P. 0.51% of their portfolio | 2.4m $324.9m | Reduced -516.2k |
| Vestal Point Capital, LP 9.40% of their portfolio | 1.9m $256.2m | Added +900.0k |
| Caligan Partners LP 17.92% of their portfolio | 1.5m $195.8m | Unchanged |
| Paradigm Biocapital Advisors LP 5.12% of their portfolio | 1.4m $191.2m | Reduced -146.7k |
| FMR LLC 0.01% of their portfolio | 1.4m $184.2m | Reduced -65.0k |
| Cormorant Asset Management, LP 10.32% of their portfolio | 1.4m $182.1m | Reduced -600.0k |
| ADAR1 Capital Management, LLC 13.29% of their portfolio | 1.3m $177.6m | Reduced -33.5k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.57% of their portfolio | 1.0m $136.2m | New |
| BAKER BROS. ADVISORS LP 0.69% of their portfolio | 875.8k $118.1m | Unchanged |
| LORD, ABBETT & CO. LLC 0.35% of their portfolio | 849.7k $114.6m | Added +513.0k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 764.9k $103.2m | New |
| Octagon Capital Advisors LP 12.76% of their portfolio | 756.0k $102.0m | Reduced -569.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.14% of their portfolio | 754.8k $101.8m | Added +720.2k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 741.1k $99.9m | Reduced -359.0k |
| Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. 8.28% of their portfolio | 692.0k $93.3m | Reduced -39.5k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 667.8k $90.0m | Added +313.0k |
| Eversept Partners, LP 4.97% of their portfolio | 657.8k $88.7m | Added +231.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 651.6k $87.9m | Added +171.8k |
| Saturn V Capital Management LP 16.07% of their portfolio | 649.2k $87.5m | Reduced -152.0k |
| Artia Global Partners LP 13.02% of their portfolio | 600.7k $81.0m | Added +375.3k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 563.7k $76.0m | Reduced -118.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.11% of their portfolio | 550.0k $74.2m | Reduced -427.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 522.3k $70.4m | Added +426.7k |
| Ensign Peak Advisors, Inc 0.12% of their portfolio | 518.3k $69.9m | Added +62.7k |
| BVF INC/IL 2.31% of their portfolio | 508.0k $68.5m | Reduced -50.0k |
| BOOTHBAY FUND MANAGEMENT, LLC 1.76% of their portfolio | 507.9k $68.5m | Reduced -90.0k |
| Affinity Asset Advisors, LLC 4.89% of their portfolio | 505.0k $68.1m | Added +145.0k |
| PERCEPTIVE ADVISORS LLC 1.13% of their portfolio | 458.3k $61.8m | Added +69.7k |
| Jefferies Financial Group Inc. 0.51% of their portfolio | 457.3k $61.7m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 455.9k $61.5m | New |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 449.1k $60.6m | Reduced -67.0k |
| BlackRock, Inc. 0.00% of their portfolio | 436.7k $58.9m | New |
| Aberdeen Group plc 0.09% of their portfolio | 426.7k $57.5m | Reduced -360.8k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 423.3k $57.1m | Added +355.5k |
| SILVERARC CAPITAL MANAGEMENT, LLC 8.24% of their portfolio | 422.2k $56.9m | Reduced -117.5k |
| Logos Global Management LP 3.59% of their portfolio | 400.0k $53.9m | Reduced -15.0k |
| STEMPOINT CAPITAL LP 9.07% of their portfolio | 391.8k $52.8m | Added +225.5k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.27% of their portfolio | 387.0k $52.2m | Reduced -418.0k |
| First Turn Management, LLC 5.87% of their portfolio | 381.2k $51.4m | Added +89.4k |
| Frazier Life Sciences Management, L.P. 1.37% of their portfolio | 378.3k $51.0m | Unchanged |
| ORBIMED ADVISORS LLC 1.02% of their portfolio | 367.9k $49.6m | Reduced -12.1k |
| Vivo Capital, LLC 3.13% of their portfolio | 359.3k $48.5m | Unchanged |
| Balyasny Asset Management L.P. 0.09% of their portfolio | 358.3k $48.3m | Added +198.1k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.69% of their portfolio | 327.9k $44.2m | Reduced -69.0k |
| BARCLAYS PLC 0.02% of their portfolio | 308.8k $41.6m | Added +232.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 263.5k $35.5m | Added +127.9k |
| Holocene Advisors, LP 0.07% of their portfolio | 258.7k $34.9m | Reduced -202.6k |
| Woodline Partners LP 0.12% of their portfolio | 225.9k $30.5m | Reduced -85.2k |
| Evergreen Quality Fund GP, Ltd. 0.60% of their portfolio | 224.3k $30.2m | Reduced -64.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 217.9k $29.4m | New |
| ExodusPoint Capital Management, LP 0.32% of their portfolio | 215.3k $29.0m | New |
| Hudson Bay Capital Management LP 0.16% of their portfolio | 208.2k $28.1m | Added +117.2k |
| Ikarian Capital, LLC 3.77% of their portfolio | 206.0k $29.1m | Reduced -190.1k |
| Nantahala Capital Management, LLC 1.23% of their portfolio | 153.2k $20.7m | Reduced -404.3k |
| Squadron Capital Management LLC 8.73% of their portfolio | 145.0k $19.6m | First filing |
| Patient Square Capital LP 3.75% of their portfolio | 130.0k $17.5m | Reduced -21.8k |
| TimesSquare Capital Management, LLC 0.26% of their portfolio | 129.4k $17.4m | Added +1.4k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 127.9k $17.2m | New |
| Invesco Ltd. 0.00% of their portfolio | 125.4k $16.9m | New |
| Boxer Capital Management, LLC 3.69% of their portfolio | 125.0k $16.9m | Added +5.0k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 124.4k $16.8m | Reduced -72.4k |
| NAN FUNG TRINITY (HK) LTD 1.21% of their portfolio | 113.4k $15.3m | Added +12.0k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 108.2k $14.6m | Added +8.7k |
| Voleon Capital Management LP 0.31% of their portfolio | 105.4k $14.2m | Added +88.6k |
| Creek Drive Management Group LLC 10.28% of their portfolio | 103.5k $14.0m | First filing |
| Catalio Capital Management, LP 2.35% of their portfolio | 98.5k $13.3m | Reduced -63.6k |
| READYSTATE ASSET MANAGEMENT LP 0.57% of their portfolio | 95.7k $12.9m | New |
| LMR Partners LLP 0.12% of their portfolio | 94.6k $12.8m | Added +20.5k |
| Apis Capital Advisors, LLC 2.09% of their portfolio | 89.0k $12.0m | Reduced -16.4k |
| First Light Asset Management, LLC 0.91% of their portfolio | 88.7k $12.0m | Reduced -7.3k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 87.2k $11.7m | Added +20.4k |
| SAMLYN CAPITAL, LLC 0.18% of their portfolio | 84.3k $11.4m | New |
| Nicholas Investment Partners, LP 0.82% of their portfolio | 83.1k $11.2m | Added +63.6k |
| ODDO BHF ASSET MANAGEMENT SAS 0.40% of their portfolio | 79.3k $10.7m | Not comparable |
| ANDERA PARTNERS 5.97% of their portfolio | 78.1k $10.5m | First filing |
| DIADEMA PARTNERS LP 6.08% of their portfolio | 75.6k $10.2m | Added +34.0k |
| SAMSARA BIOCAPITAL, LLC 1.05% of their portfolio | 75.4k $10.2m | Unchanged |
| HighVista Strategies LLC 2.51% of their portfolio | 72.2k $9.7m | Reduced -112.3k |
| Ally Bridge Group (NY) LLC 14.98% of their portfolio | 70.0k $9.4m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 67.7k $9.1m | Added +9.0k |
| Velan Capital Investment Management LP 5.26% of their portfolio | 67.0k $9.0m | Added +2.6k |
| Resolute Capital Asset Partners LLC 4.24% of their portfolio | 65.0k $8.8m | Added +25.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 64.5k $8.7m | Added +22.6k |
| TD Asset Management Inc 0.01% of their portfolio | 63.9k $8.6m | Added +17.4k |
| ACT CAPITAL MANAGEMENT, LLC 6.97% of their portfolio | 63.9k $8.6m | First filing |
| LPL Financial LLC 0.00% of their portfolio | 62.8k $8.5m | Added +33.6k |
| Verition Fund Management LLC 0.04% of their portfolio | 61.3k $8.3m | Added +4.7k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 59.8k $8.1m | Reduced -129.9k |
| MPM BIOIMPACT LLC 0.87% of their portfolio | 56.3k $7.6m | New |
| SummitTX Capital, L.P. 0.23% of their portfolio | 56.2k $7.6m | Added +30.4k |
| Atika Capital Management LLC 1.03% of their portfolio | 55.0k $7.4m | Reduced -14.0k |
| Y-Intercept (Hong Kong) Ltd 0.17% of their portfolio | 55.0k $7.4m | New |
| Erste Asset Management GmbH 0.06% of their portfolio | 50.0k $7.0m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 49.9k $6.7m | Added +20.1k |
| Spruce Street Capital LP 2.19% of their portfolio | 49.1k $6.6m | First filing |
| Davern Capital Partners, LP 2.11% of their portfolio | 48.5k $6.5m | First filing |