ADAPTHEALTH CORP AHCO
COMMON STOCK · Common Stock · CUSIP 00653Q102 · ISIN US00653Q1022
- SectorHealth care
- IndustryServices-Home Health Care Services
- HeadquartersConshohocken, PA
- 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 ($7.5m this quarter). Holder counts are more reliable. Shares outstanding: 135.3m as of 2025-08-01, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $9.43. Options: 12 managers hold calls ($40.0m notional), 13 hold puts ($67.7m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 184 |
| Q4 2022 | 193 |
| Q1 2023 | 173 |
| Q2 2023 | 182 |
| Q3 2023 | 193 |
| Q4 2023 | 193 |
| Q1 2024 | 211 |
| Q2 2024 | 208 |
| Q3 2024 | 218 |
| Q4 2024 | 202 |
| Q1 2025 | 228 |
| Q2 2025 | 220 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 121 | 75 |
| Q4 2023 | 98 | 89 |
| Q1 2024 | 101 | 102 |
| Q2 2024 | 109 | 100 |
| Q3 2024 | 121 | 68 |
| Q4 2024 | 95 | 92 |
| Q1 2025 | 121 | 90 |
| Q2 2025 | 101 | 112 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $156.1m | $54.7m | 0.35 |
| Q4 2024 | $79.5m | $63.9m | 0.80 |
| Q1 2025 | $68.2m | $99.0m | 1.45 |
| Q2 2025 | $40.0m | $67.7m | 1.69 |
Biggest buyers
| FMR LLC | Added | +2.3m |
| ROYAL BANK OF CANADA | Added | +1.8m |
| Pacer Advisors, Inc. | New | +1.1m |
| DIMENSIONAL FUND ADVISORS LP | Added | +910.6k |
| Jefferies Financial Group Inc. | Added | +841.6k |
| PRINCIPAL FINANCIAL GROUP INC | Added | +839.9k |
| CSM Advisors, LLC | New | +652.1k |
| LAZARD ASSET MANAGEMENT LLC | Added | +635.7k |
| Invesco Ltd. | Added | +635.0k |
| AMERIPRISE FINANCIAL INC | Added | +509.3k |
Biggest sellers
| BlackRock, Inc. | Reduced | -801.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -532.2k |
| HRT FINANCIAL LP | Sold out | -407.5k |
| VANGUARD GROUP INC | Reduced | -400.0k |
| JANE STREET GROUP, LLC | Reduced | -397.0k |
| Balyasny Asset Management L.P. | Reduced | -312.6k |
| CITADEL ADVISORS LLC | Sold out | -310.0k |
| BANK OF AMERICA CORP /DE/ | Reduced | -309.8k |
| Woodline Partners LP | Sold out | -263.0k |
| MORGAN STANLEY | Reduced | -191.7k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $22.9m2.4m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $3.2m343.1k shares |
| CITADEL ADVISORS LLC | Added | $3.2m341.7k shares |
| JANE STREET GROUP, LLC | Added | $2.0m210.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.0m209.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.0m207.1k shares |
| Caption Management, LLC | Unchanged | $1.7m182.1k shares |
| Walleye Trading LLC | Reduced | $1.5m162.7k shares |
| Point72 Asset Management, L.P. | Unchanged | $850.6k90.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $369.6k38.7k shares |
Biggest puts
| Jefferies Financial Group Inc. | Reduced | $39.9m4.2m shares |
| JANE STREET GROUP, LLC | Reduced | $8.1m858.4k shares |
| WOLVERINE TRADING, LLC | Added | $4.7m496.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.3m347.2k shares |
| GROUP ONE TRADING LLC | Reduced | $2.5m265.1k shares |
| CITADEL ADVISORS LLC | Reduced | $2.4m255.2k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $2.0m215.5k shares |
| Walleye Trading LLC | Reduced | $1.9m199.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.2m130.3k shares |
| SIG BROKERAGE, LP | Unchanged | $1.1m121.5k 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 |
|---|---|
| CASHIN RICHARD M JR 13D · may seek influence filed 2026-03-12 | 11.7% |
| BlackRock, Inc. 13G · institution filed 2025-07-17 | 10.9% |
| Flynn James E 13G · passive investor filed 2025-11-13 | 8.5% |
| FMR LLC 13G · institution -1.1 pts · filed 2026-02-05 | 5.6% |
Fell to 5% or below in the last year: REINHART PARTNERS, LLC. (0.0%, 2026-10-13), DIMENSIONAL FUND ADVISORS LP (4.7%, 2026-10-08), VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q2 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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 1 | $10.2k | 2 | $7.4m | — |
| Q4 2023 | 0 | — | 1 | $21.0k | — |
| Q1 2024 | 0 | — | 1 | $1.4m | $1.4m |
| Q2 2024 | 0 | — | 1 | $44.7k | — |
| Q3 2024 | 0 | — | 1 | $45.0k | — |
| Q4 2024 | 0 | — | 2 | $402.9k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 15.1m $142.6m | Reduced -801.8k |
| OEP CAPITAL ADVISORS, L.P. 100.00% of their portfolio | 13.8m $130.3m | Unchanged |
| VANGUARD GROUP INC 0.00% of their portfolio | 11.9m $111.8m | Reduced -400.0k |
| DEERFIELD MANAGEMENT COMPANY, L.P. 1.70% of their portfolio | 9.9m $93.4m | Added +193.5k |
| FMR LLC 0.00% of their portfolio | 9.0m $84.7m | Added +2.3m |
| SkyKnight Capital, L.P. 94.90% of their portfolio | 8.6m $80.9m | Unchanged |
| REINHART PARTNERS, LLC. 2.36% of their portfolio | 7.3m $69.0m | Added +76.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 5.2m $48.8m | Added +910.6k |
| Jefferies Financial Group Inc. 0.74% of their portfolio | 4.8m $45.1m | Added +841.6k |
| SEGALL BRYANT & HAMILL, LLC 0.62% of their portfolio | 4.7m $44.2m | Reduced -71.4k |
| STATE STREET CORP 0.00% of their portfolio | 4.4m $41.1m | Reduced -25.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 3.7m $34.7m | Added +1.8m |
| PALISADE CAPITAL MANAGEMENT, LP 0.70% of their portfolio | 2.6m $24.8m | Reduced -78.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.5m $23.2m | Reduced -103.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 2.4m $23.1m | Added +839.9k |
| Iron Triangle Partners LP 2.87% of their portfolio | 1.9m $18.1m | Added +306.0k |
| Invesco Ltd. 0.00% of their portfolio | 1.9m $18.0m | Added +635.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.6m $14.7m | Added +260.7k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.32% of their portfolio | 1.4m $13.2m | Reduced -89.1k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.26% of their portfolio | 1.1m $10.8m | Reduced -159.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.1m $10.6m | Added +509.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.1m $10.3m | Reduced -42.8k |
| Pacer Advisors, Inc. 0.03% of their portfolio | 1.1m $10.3m | New |
| ROYCE & ASSOCIATES LP 0.10% of their portfolio | 1.1m $10.2m | Added +113.8k |
| MORGAN STANLEY 0.00% of their portfolio | 866.0k $8.2m | Reduced -191.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 834.3k $7.9m | Reduced -2.5k |
| First Eagle Investment Management, LLC 0.01% of their portfolio | 729.6k $6.9m | Reduced -112.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 726.3k $6.8m | Reduced -14.0k |
| Empowered Funds, LLC 0.08% of their portfolio | 719.0k $6.8m | Reduced -9.3k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 686.7k $6.5m | Added +635.7k |
| CSM Advisors, LLC 0.18% of their portfolio | 652.1k $6.1m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 644.3k $6.1m | Added +242.3k |
| HARBOR CAPITAL ADVISORS, INC. 0.24% of their portfolio | 597.2k $5.6m | Added +10.7k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 537.1k $5.1m | Reduced -18.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 496.6k $4.7m | Added +200.3k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 440.4k $4.2m | Added +123.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 424.0k $4.0m | Reduced -147.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 423.6k $4.0m | Added +166.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 386.3k $3.6m | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 372.9k $3.5m | Reduced -10.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 361.6k $3.4m | Added +127.8k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 359.7k $3.4m | Added +22.9k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 338.8k $3.2m | Reduced -20.3k |
| UBS Group AG 0.00% of their portfolio | 337.5k $3.2m | Added +26.6k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 325.3k $3.1m | Unchanged |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 314.1k $3.0m | Added +53.6k |
| READYSTATE ASSET MANAGEMENT LP 0.12% of their portfolio | 304.6k $2.9m | Added +260.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 300.0k $2.8m | Reduced -3.1k |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 280.3k $2.6m | Added +54.9k |
| Legal & General Group Plc 0.00% of their portfolio | 270.8k $2.6m | Added +10.8k |
| Nuveen, LLC 0.00% of their portfolio | 268.8k $2.5m | Reduced -47.4k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 265.8k $2.5m | Added +26.6k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 238.6k $2.3m | Reduced -142.9k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 230.5k $2.2m | Reduced -397.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 226.3k $2.1m | Reduced -186.1k |
| New Age Alpha Advisors, LLC 0.09% of their portfolio | 215.7k $2.0m | Reduced -15.2k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 214.0k $2.0m | Added +8.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 211.8k $2.0m | Added +2.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 197.6k $1.9m | Reduced -309.8k |
| Sapience Investments, LLC 1.23% of their portfolio | 195.4k $1.8m | Added +14.0k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.03% of their portfolio | 183.0k $1.7m | Reduced -165.0k |
| BARCLAYS PLC 0.00% of their portfolio | 172.2k $1.6m | Added +36.3k |
| Swiss National Bank 0.00% of their portfolio | 169.4k $1.6m | Unchanged |
| Allianz Asset Management GmbH 0.00% of their portfolio | 167.3k $1.6m | Added +93.8k |
| MOODY NATIONAL BANK TRUST DIVISION 0.14% of their portfolio | 160.5k $1.5m | Reduced -265 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 152.7k $1.4m | Added +81.8k |
| DIMENSION CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 128.9k $1.2m | Added +49.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 120.8k $1.1m | Reduced -11.1k |
| WOLVERINE TRADING, LLC 0.03% of their portfolio | 119.3k $1.1m | Reduced -27.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 113.8k $1.1m | Reduced -26 |
| INSPIRION WEALTH ADVISORS, LLC 0.14% of their portfolio | 112.9k $1.1m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 112.3k $1.1m | Reduced -532.2k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 103.8k $979.3k | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 103.3k $973.8k | Reduced -90.9k |
| Brevan Howard Capital Management LP 0.01% of their portfolio | 97.0k $914.6k | Reduced -4.0k |
| CITIGROUP INC 0.00% of their portfolio | 90.8k $856.3k | Reduced -68.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 90.8k $856.0k | Added +10.3k |
| Integrated Quantitative Investments LLC 0.25% of their portfolio | 90.4k $852.5k | Added +27.6k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 89.7k $845.7k | Added +4.0k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 84.4k $795.9k | Added +40.7k |
| SummerHaven Investment Management, LLC 0.50% of their portfolio | 81.8k $771.1k | Added +1.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 81.5k $770.0k | Added +3.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 81.1k $764.6k | Reduced -1.7k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 80.3k $757.0k | Added +1.5k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 77.6k $732.0k | Reduced -432 |
| STRS OHIO 0.00% of their portfolio | 69.0k $650.7k | Added +4.9k |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 69.0k $650.5k | Unchanged |
| SIG BROKERAGE, LP 0.17% of their portfolio | 67.6k $637.2k | Added +20.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 65.3k $615.4k | Reduced -14.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 62.9k $592.8k | Added +53 |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 62.8k $592.0k | Added +2.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 59.4k $560.2k | Added +3.6k |
| State of Wyoming 0.07% of their portfolio | 59.2k $558.0k | Added +15.2k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 59.1k $557.7k | Reduced -2.7k |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 58.7k $553.2k | Reduced -5.1k |
| HighTower Advisors, LLC 0.00% of their portfolio | 58.5k $551.3k | Reduced -63 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 57.8k $545.5k | Unchanged |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 51.7k $487.9k | Reduced -312.6k |
| Louisiana State Employees Retirement System 0.01% of their portfolio | 49.3k $464.9k | Reduced -700 |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 47.5k $448.0k | New |