Vault-13

ADLAI NORTYE LTD ANL

SPONSORED ADS · ADR · CUSIP 00704R109

42 institutional holders +16 vs Q1 2026
26,460,73526.5m shares reported held*
$304.3mreported value*
22 new 9 added 7 reduced 6 sold out net bought ≈ $171.1m (+14.9m 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. Holder counts are more reliable. Implied quarter-end price ≈ $11.50.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 23: 4Q4 23: 4Q1 24: 4Q2 24: 4Q3 24: 4Q4 24: 4Q1 25: 5Q2 25: 5Q3 25: 5Q4 25: 5Q1 26: 26Q2 26: 4242Q3 23Q2 24Q1 25Q4 25Q2 26
Numbers
QuarterHolders
Q3 20234
Q4 20234
Q1 20244
Q2 20244
Q3 20244
Q4 20244
Q1 20255
Q2 20255
Q3 20255
Q4 20255
Q1 202626
Q2 202642

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 3 bought or addedQ3 24: 1 cut or sold outQ4 24: 0 bought or addedQ4 24: 3 cut or sold outQ4 24Q1 25: 2 bought or addedQ1 25: 1 cut or sold outQ2 25: 4 bought or addedQ2 25: 2 cut or sold outQ2 25Q3 25: 2 bought or addedQ3 25: 4 cut or sold outQ4 25: 2 bought or addedQ4 25: 3 cut or sold outQ4 25Q1 26: 24 bought or addedQ1 26: 1 cut or sold outQ2 26: 31 bought or addedQ2 26: 13 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202431
Q4 202403
Q1 202521
Q2 202542
Q3 202524
Q4 202523
Q1 2026241
Q2 20263113

Biggest buyers

Balyasny Asset Management L.P. Added +2,183,822+2.2m
Point72 Asset Management, L.P. New +2,140,664+2.1m
MPM BIOIMPACT LLC New +1,936,291+1.9m
PERCEPTIVE ADVISORS LLC New +1,793,190+1.8m
Cormorant Asset Management, LP Added +1,080,372+1.1m
Octagon Capital Advisors LP New +934,716+934.7k
ADAR1 Capital Management, LLC Added +899,896+899.9k
BRAIDWELL LP New +795,214+795.2k
EVENTIDE ASSET MANAGEMENT, LLC New +718,747+718.7k
Casdin Capital, LLC Added +711,539+711.5k

Biggest sellers

Squadron Capital Management LLC Reduced -500,355-500.4k
PRICE T ROWE ASSOCIATES INC /MD/ Sold out -99,843-99.8k
UBS Group AG Reduced -69,366-69.4k
CANTOR FITZGERALD, L. P. Sold out -40,310-40.3k
TD Asset Management Inc Sold out -35,746-35.7k
Persistent Asset Partners Ltd Sold out -33,732-33.7k
AMERIPRISE FINANCIAL INC Reduced -33,456-33.5k
Tidal Investments LLC Reduced -21,680-21.7k
DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. Sold out -15,000-15.0k
Affinity Asset Advisors, LLC Reduced -10,901-10.9k

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
ANL Talent Ltd 13G · exempt (held before listing) new · filed 2026-01-16 7.8% new 9.3m 2026-01-16
Cormorant Asset Management, LP 13G · institution +1.6 pts · filed 2026-08-14 6.8% +1.6 pts 4.0m 2026-08-14

Fell to 5% or below in the last year: Venrock Healthcare Capital Partners III, L.P. (4.4%, 2026-08-14), Hangzhou Jingyin Investment Partnership (Limited Partnership (2.9%, 2026-05-14), Unique Mark Ventures Ltd (0.0%, 2026-02-09)

Insider purchases and sales since 1 Apr 2026

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)

BuyingSelling
202Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 1 sellingQ3 26: 0 buyingQ3 26: 2 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20260—1$132—
Q3 20260—2$247.8k—
DateInsiderTradeSharesPrice ValueTheir holding
2026-09-22 Ji Ping Director · American Depository shares Sold 5,000 $16.63 $83.2k5.0k shares -4%
2026-08-26 Ye Xiaofeng CFO · American Depositary Shares Sold 5,667 $14.25 $80.8k5.7k shares -4%
2026-08-24 Ye Xiaofeng CFO · American Depositary Shares Sold 6,000 $13.98 $83.9k6.0k shares -4%
2026-05-13 LU YANG CEO, director · American Depositary Shares Sold 10 $13.18 $13210 shares -<1%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Cormorant Asset Management, LP 2.34% of their portfolio BOSTON, MA 3,978,2294.0m $45.7m $45.7m 2.34% Added +1.1m +1,080,372
2 Venrock Adviser, LLC 1.12% of their portfolio NEW YORK, NY 3,212,7313.2m $36.9m $36.9m 1.12% Unchanged
3 Balyasny Asset Management L.P. 0.06% of their portfolio Chicago, IL 3,061,6683.1m $35.2m $35.2m 0.06% Added +2.2m +2,183,822
4 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 2,140,6642.1m $24.6m $24.6m 0.04% New
5 MPM BIOIMPACT LLC 1.36% of their portfolio BOSTON, MA 1,936,2911.9m $22.3m $22.3m 1.36% New
6 PERCEPTIVE ADVISORS LLC 0.32% of their portfolio NEW YORK, NY 1,793,1901.8m $20.6m $20.6m 0.32% New
7 Casdin Capital, LLC 0.72% of their portfolio New York, NY 1,250,0001.2m $14.4m $14.4m 0.72% Added +711.5k +711,539
8 ADAR1 Capital Management, LLC 0.55% of their portfolio AUSTIN, TX 1,017,8051.0m $11.7m $11.7m 0.55% Added +899.9k +899,896
9 Octagon Capital Advisors LP 0.99% of their portfolio NEW YORK, NY 934,716934.7k $10.7m $10.7m 0.99% New
10 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 807,832807.8k $9.3m $9.3m 0.01% Added +126.1k +126,057
11 BRAIDWELL LP 0.34% of their portfolio STAMFORD, CT 795,214795.2k $9.1m $9.1m 0.34% New
12 Squadron Capital Management LLC 3.01% of their portfolio OAK BROOK, IL 764,876764.9k $8.8m $8.8m 3.01% Reduced -500.4k -500,355
13 EVENTIDE ASSET MANAGEMENT, LLC 0.11% of their portfolio Boston, MA 718,747718.7k $8.3m $8.3m 0.11% New
14 SUPERSTRING CAPITAL MANAGEMENT LP 4.01% of their portfolio NEW YORK, NY 552,501552.5k $6.4m $6.4m 4.01% Added +137.6k +137,649
15 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio Boston, MA 538,461538.5k $6.2m $6.2m 0.01% Unchanged
16 Woodline Partners LP 0.02% of their portfolio San Francisco, CA 455,733455.7k $5.2m $5.2m 0.02% Added +246.5k +246,474
17 Soleus Capital Management, L.P. 0.16% of their portfolio GREENWICH, CT 405,523405.5k $4.7m $4.7m 0.16% New
18 Freestone Grove Partners LP 0.03% of their portfolio San Francisco, CA 397,446397.4k $4.6m $4.6m 0.03% New
19 BOONE CAPITAL MANAGEMENT LLC 0.70% of their portfolio ATLANTA, GA 258,390258.4k $3.0m $3.0m 0.70% New
20 DAFNA Capital Management LLC 0.53% of their portfolio LOS ANGELES, CA 239,553239.6k $2.8m $2.8m 0.53% New
21 Kalehua Capital Management LLC 0.83% of their portfolio DALLAS, TX 226,415226.4k $2.6m $2.6m 0.83% New
22 Affinity Asset Advisors, LLC 0.09% of their portfolio NEW YORK, NY 153,847153.8k $1.8m $1.8m 0.09% Reduced -10.9k -10,901
23 DV Trading LLC 0.11% of their portfolio CHICAGO, IL 113,207113.2k $1.3m $1.3m 0.11% New
24 Seven Fleet Capital Management LP 0.21% of their portfolio MOUNTAIN VIEW, CA 113,207113.2k $1.3m $1.3m 0.21% New
25 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 94,10094.1k $1.1m $1.1m 0.00% Added +28.1k +28,100
26 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 86,70086.7k $997.0k $997.0k 0.00% Reduced -33.5k -33,456
27 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 67,95168.0k $781.4k $781.4k 0.01% New
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 52,89552.9k $608.3k $608.3k 0.00% Reduced -69.4k -69,366
29 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 47,59647.6k $547.4k $547.4k 0.00% New
30 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 44,35444.4k $510.1k $510.1k 0.00% Reduced -21.7k -21,680
31 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 35,50635.5k $408.3k $408.3k 0.00% New
32 Ikarian Capital, LLC 0.06% of their portfolio DALLAS, TX 33,89933.9k $389.8k $389.8k 0.06% Unchanged
33 Virtus Investment Advisers, LLC 0.08% of their portfolio HARTFORD, CT 31,70531.7k $364.6k $364.6k 0.08% New
34 ACT CAPITAL MANAGEMENT, LLC 0.20% of their portfolio WAYNE, PA 27,00027.0k $310.5k $310.5k 0.20% New
35 Stonepine Capital Management, LLC 0.21% of their portfolio Bend, OR 24,25724.3k $279.0k $279.0k 0.21% New
36 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 17,59417.6k $202.3k $202.3k 0.00% New
37 SmartHarvest Portfolios, LLC 0.05% of their portfolio SEATTLE, WA 14,44114.4k $166.1k $166.1k 0.05% Reduced -1.9k -1,926
38 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 14,17414.2k $163.0k $163.0k 0.00% Added +3.0k +3,041
39 ANTIPODES PARTNERS Ltd 0.00% of their portfolio ROYAL EXCHANGE, C3 1,6421.6k $18.9k $18.9k 0.00% Reduced -409 -409
40 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 577577 $6.6k $6.6k 0.00% New
41 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 9191 $1.0k $1.0k 0.00% Unchanged
42 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 77 $80 $80 0.00% New