Vault-13

ASCENDIS PHARMA A/S

SPONSORED ADR · CUSIP 04351P101 · ISIN US04351P1012

159 institutional holders -6 vs Q1 2023
61,012,35661.0m shares reported held*
$5.4bnreported value*
27 new 60 added 55 reduced 33 sold out net sold ≈ $456.5m (-5.1m 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 ($2.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $89.25. Options: 14 managers hold calls ($43.5m notional), 13 hold puts ($26.7m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 183Q4 22: 187Q1 23: 165Q2 23: 159159Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022183
Q4 2022187
Q1 2023165
Q2 2023159

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 94 bought or addedQ4 22: 91 cut or sold outQ4 22Q1 23: 75 bought or addedQ1 23: 100 cut or sold outQ1 23Q2 23: 87 bought or addedQ2 23: 88 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20229491
Q1 202375100
Q2 20238788

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ3 22 calls: $224.7mQ3 22 puts: $20.5mQ3 22P/C 0.09Q4 22 calls: $109.7mQ4 22 puts: $23.3mQ4 22P/C 0.21Q1 23 calls: $117.0mQ1 23 puts: $22.8mQ1 23P/C 0.19Q2 23 calls: $43.5mQ2 23 puts: $26.7mQ2 23P/C 0.61
Numbers
QuarterCallsPutsP/C
Q3 2022$224.7m$20.5m0.09
Q4 2022$109.7m$23.3m0.21
Q1 2023$117.0m$22.8m0.19
Q2 2023$43.5m$26.7m0.61

Biggest buyers

RA CAPITAL MANAGEMENT, L.P. Added +4,268,178+4.3m
T. Rowe Price Investment Management, Inc. Added +509,427+509.4k
WESTFIELD CAPITAL MANAGEMENT CO LP Added +485,586+485.6k
FRED ALGER MANAGEMENT, LLC New +351,011+351.0k
JANUS HENDERSON GROUP PLC Added +348,532+348.5k
Avoro Capital Advisors LLC Added +255,555+255.6k
BANK OF AMERICA CORP /DE/ Added +250,700+250.7k
WELLINGTON MANAGEMENT GROUP LLP Added +215,108+215.1k
ADAGE CAPITAL PARTNERS GP, L.L.C. Added +189,000+189.0k
PUTNAM INVESTMENTS LLC Added +158,970+159.0k

Biggest sellers

FMR LLC Reduced -5,163,525-5.2m
GOLDMAN SACHS GROUP INC Reduced -2,151,054-2.2m
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -1,312,779-1.3m
Point72 Asset Management, L.P. Sold out -771,110-771.1k
Artisan Partners Limited Partnership Reduced -622,290-622.3k
Paradigm Biocapital Advisors LP Sold out -350,866-350.9k
Woodline Partners LP Sold out -304,796-304.8k
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -270,052-270.1k
EVENTIDE ASSET MANAGEMENT, LLC Reduced -207,408-207.4k
PFM Health Sciences, LP Sold out -202,115-202.1k

Biggest calls

Caption Management, LLC Reduced $12.8m143.2k shares
JPMORGAN CHASE & CO Added $8.9m100.0k shares
CITADEL ADVISORS LLC Added $5.7m64.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.1m57.5k shares
JANE STREET GROUP, LLC Added $3.7m41.9k shares
CITIGROUP INC Unchanged $2.2m25.0k shares
GROUP ONE TRADING LLC Reduced $1.4m15.9k shares
PEAK6 Investments LLC New $1.4m15.5k shares
SIMPLEX TRADING, LLC Reduced $1.4m15.2k shares
Walleye Trading LLC Reduced $339.1k3.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $9.0m100.8k shares
JANE STREET GROUP, LLC Added $4.7m52.7k shares
Caption Management, LLC Added $2.9m32.5k shares
JPMORGAN CHASE & CO New $2.2m25.0k shares
CITIGROUP INC Unchanged $2.2m25.0k shares
Point72 Asset Management, L.P. New $1.8m20.0k shares
CITADEL ADVISORS LLC Added $1.6m18.4k shares
GROUP ONE TRADING LLC New $1.1m12.1k shares
SIMPLEX TRADING, LLC Reduced $946.0k10.6k shares
WOLVERINE ASSET MANAGEMENT LLC Added $151.7k1.7k 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
T. Rowe Price Investment Management, Inc. 13G · institution +0.6 pts · filed 2026-05-07 10.5% +0.6 pts 6.5m 2026-05-07
WESTFIELD CAPITAL MANAGEMENT CO LP 13G · institution -0.7 pts · filed 2026-02-11 8.5% -0.7 pts 5.2m 2026-02-11
FMR LLC 13G · institution filed 2025-05-12 8.0% 4.6m 2025-05-12
JANUS HENDERSON GROUP PLC 13G · institution -1.8 pts · filed 2026-05-15 6.0% -1.8 pts 3.7m 2026-05-15
Artisan Partners Limited Partnership 13G · institution filed 2026-02-03 5.2% 3.2m 2026-02-03

Fell to 5% or below in the last year: Capital International Investors (3.2%, 2026-05-14)

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RA CAPITAL MANAGEMENT, L.P. 18.92% of their portfolio BOSTON, MA 11,225,35711.2m $1.0bn $1.0bn 18.92% Added +4.3m +4,268,178
2 Artisan Partners Limited Partnership 0.89% of their portfolio Milwaukee, WI 6,222,4516.2m $555.4m $555.4m 0.89% Reduced -622.3k -622,290
3 FMR LLC 0.04% of their portfolio BOSTON, MA 5,140,8055.1m $458.8m $458.8m 0.04% Reduced -5.2m -5,163,525
4 T. Rowe Price Investment Management, Inc. 0.24% of their portfolio BALTIMORE, MD 3,982,8934.0m $355.5m $355.5m 0.24% Added +509.4k +509,427
5 JANUS HENDERSON GROUP PLC 0.22% of their portfolio LONDON, X0 3,881,3623.9m $346.5m $346.5m 0.22% Added +348.5k +348,532
6 WESTFIELD CAPITAL MANAGEMENT CO LP 2.06% of their portfolio BOSTON, MA 3,631,7123.6m $324.1m $324.1m 2.06% Added +485.6k +485,586
7 Avoro Capital Advisors LLC 4.34% of their portfolio NEW YORK, NY 3,580,5553.6m $319.6m $319.6m 4.34% Added +255.6k +255,555
8 WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio Boston, MA 3,148,9003.1m $281.0m $281.0m 0.05% Added +215.1k +215,108
9 PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio BALTIMORE, MD 2,057,1642.1m $183.6m $183.6m 0.03% Reduced -1.3m -1,312,779
10 Capital International Investors 0.04% of their portfolio Los Angeles, CA 1,995,2712.0m $178.1m $178.1m 0.04% Added +6.2k +6,165
11 FRANKLIN RESOURCES INC 0.05% of their portfolio San Mateo, CA 1,213,3251.2m $108.3m $108.3m 0.05% Reduced -132.6k -132,579
12 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 1,087,5221.1m $97.1m $97.1m 0.03% Reduced -270.1k -270,052
13 PUTNAM INVESTMENTS LLC 0.12% of their portfolio BOSTON, MA 899,832899.8k $80.3m $80.3m 0.12% Added +159.0k +158,970
14 TimesSquare Capital Management, LLC 0.98% of their portfolio NEW YORK, NY 767,427767.4k $68.5m $68.5m 0.98% Reduced -84.7k -84,653
15 Sofinnova Investments, Inc. 4.44% of their portfolio Menlo Park, CA 754,032754.0k $67.3m $67.3m 4.44% Unchanged
16 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.13% of their portfolio Boston, MA 689,000689.0k $61.5m $61.5m 0.13% Added +189.0k +189,000
17 Spyglass Capital Management LLC 4.24% of their portfolio Greenbrae, CA 657,853657.9k $58.7m $58.7m 4.24% Reduced -56.1k -56,113
18 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 614,713614.7k $54.9m $54.9m 0.01% Reduced -31.8k -31,847
19 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 578,387578.4k $51.6m $51.6m 0.02% Added +63.3k +63,329
20 EVENTIDE ASSET MANAGEMENT, LLC 0.87% of their portfolio Boston, MA 575,432575.4k $51.4m $51.4m 0.87% Reduced -207.4k -207,408
21 BROWN ADVISORY INC 0.07% of their portfolio BALTIMORE, MD 496,882496.9k $44.3m $44.3m 0.07% Added +30.5k +30,510
22 Rock Springs Capital Management LP 0.90% of their portfolio Baltimore, MD 425,500425.5k $38.0m $38.0m 0.90% Unchanged
23 SEI INVESTMENTS CO 0.06% of their portfolio OAKS, PA 410,384410.4k $36.6m $36.6m 0.06% Reduced -65.6k -65,637
24 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 397,091397.1k $35.4m $35.4m 0.01% Reduced -2.2m -2,151,054
25 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 362,366362.4k $32.3m $32.3m 0.02% Added +5.7k +5,729
26 BlackRock Inc. 0.00% of their portfolio New York, NY 361,090361.1k $32.2m $32.2m 0.00% Reduced -20.0k -20,009
27 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 361,029361.0k $32.2m $32.2m 0.02% Reduced -4.5k -4,459
28 FRED ALGER MANAGEMENT, LLC 0.16% of their portfolio NEW YORK, NY 351,011351.0k $31.3m $31.3m 0.16% New
29 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 315,996316.0k $28.2m $28.2m 0.01% Added +70.6k +70,577
30 ARS Investment Partners, LLC 3.02% of their portfolio New York, NY 289,860289.9k $25.9m $25.9m 3.02% Added +50.8k +50,822
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 270,691270.7k $24.2m $24.2m 0.00% Added +250.7k +250,700
32 TD Asset Management Inc 0.03% of their portfolio Toronto, A6 254,755254.8k $22.7m $22.7m 0.03% Added +18.6k +18,561
33 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 224,519224.5k $20.0m $20.0m 0.03% Reduced -15.7k -15,696
34 NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio ALBANY, NY 204,703204.7k $18.3m $18.3m 0.02% Reduced -43.8k -43,818
35 Q Global Advisors, LLC 12.55% of their portfolio FORT WORTH, TX 195,000195.0k $17.4m $17.4m 12.55% Added +96.4k +96,429
36 RICE HALL JAMES & ASSOCIATES, LLC 0.88% of their portfolio San Diego, CA 173,463173.5k $15.5m $15.5m 0.88% Added +18.5k +18,535
37 Nicholas Investment Partners, LP 1.04% of their portfolio RANCHO SANTA FE, CA 170,609170.6k $15.2m $15.2m 1.04% Reduced -80.8k -80,778
38 Candriam S.C.A. 0.10% of their portfolio STRASSEN, N4 148,375148.4k $13.2m $13.2m 0.10% Reduced -102.0k -102,000
39 Finepoint Capital LP 4.32% of their portfolio BOSTON, MA 139,772139.8k $12.5m $12.5m 4.32% Reduced -16.3k -16,300
40 Tekla Capital Management LLC 0.48% of their portfolio Boston, MA 138,791138.8k $12.4m $12.4m 0.48% Added +15.0k +15,000
41 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 137,145137.1k $12.2m $12.2m 0.00% Added +61.1k +61,148
42 DAFNA Capital Management LLC 3.30% of their portfolio LOS ANGELES, CA 135,212135.2k $12.1m $12.1m 3.30% Unchanged
43 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 132,083132.1k $11.8m $11.8m 0.02% Reduced -7.1k -7,133
44 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 122,071122.1k $10.9m $10.9m 0.01% Added +109.0k +108,991
45 PICTET ASSET MANAGEMENT SA 0.01% of their portfolio GENEVA 73, V8 119,258119.3k $10.6m $10.6m 0.01% New
46 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 113,952114.0k $10.2m $10.2m 0.02% Reduced -13.2k -13,164
47 Verition Fund Management LLC 0.15% of their portfolio GREENWICH, CT 110,058110.1k $9.8m $9.8m 0.15% New
48 Ghost Tree Capital, LLC 3.22% of their portfolio NEW YORK, NY 100,000100.0k $8.9m $8.9m 3.22% Reduced -10.0k -10,000
49 Boxer Capital, LLC 0.39% of their portfolio San Diego, CA 95,00095.0k $8.5m $8.5m 0.39% Unchanged
50 BAILLIE GIFFORD & CO 0.01% of their portfolio EDINBURGH, X0 90,50290.5k $8.1m $8.1m 0.01% Reduced -1.2k -1,191
51 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 84,10284.1k $7.5m $7.5m 0.00% Reduced -49.1k -49,116
52 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 82,69982.7k $7.4m $7.4m 0.01% New
53 Saturn V Capital Management LP 3.88% of their portfolio AUSTIN, TX 78,44278.4k $7.0m $7.0m 3.88% Added +1.2k +1,232
54 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 74,41574.4k $6.6m $6.6m 0.01% Added +60.1k +60,082
55 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 68,61968.6k $6.1m $6.1m 0.00% Added +14.6k +14,586
56 Ensign Peak Advisors, Inc 0.01% of their portfolio SALT LAKE CITY, UT 67,69367.7k $6.0m $6.0m 0.01% Unchanged
57 Affinity Asset Advisors, LLC 2.03% of their portfolio NEW YORK, NY 57,76057.8k $5.2m $5.2m 2.03% Added +17.8k +17,760
58 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 53,56553.6k $4.8m $4.8m 0.00% Added +1.8k +1,832
59 CLOUGH CAPITAL PARTNERS L P 0.46% of their portfolio Boston, MA 51,20051.2k $4.6m $4.6m 0.46% New
60 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 47,62647.6k $4.3m $4.3m 0.01% Reduced -6.6k -6,577
61 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 45,28945.3k $4.0m $4.0m 0.00% Reduced -5.7k -5,739
62 Alyeska Investment Group, L.P. 0.03% of their portfolio CHICAGO, IL 45,00045.0k $4.0m $4.0m 0.03% Unchanged
63 UBS Group AG 0.00% of their portfolio ZURICH, V8 43,78743.8k $3.9m $3.9m 0.00% Added +40.4k +40,416
64 Resolute Capital Asset Partners LLC 2.38% of their portfolio DENVER, CO 37,50037.5k $3.3m $3.3m 2.38% Unchanged
65 Matisse Capital 1.77% of their portfolio PORTLAND, OR 31,95031.9k $2.9m $2.9m 1.77% Added +3.8k +3,800
66 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 31,28231.3k $2.8m $2.8m 0.00% Reduced -27.8k -27,800
67 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 31,20031.2k $2.8m $2.8m 0.02% Added +10.3k +10,300
68 DekaBank Deutsche Girozentrale 0.01% of their portfolio FRANKFURT, 2M 30,00030.0k $2.6m $2.6m 0.01% Added +10.0k +10,000
69 Henry James International Management Inc. 0.95% of their portfolio NEW YORK, NY 24,49524.5k $2.2m $2.2m 0.95% Reduced -1.5k -1,522
70 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 24,32024.3k $2.2m $2.2m 0.00% Reduced -9.4k -9,368
71 CenterBook Partners LP 0.26% of their portfolio GREENWICH, CT 23,13923.1k $2.1m $2.1m 0.26% Added +16.9k +16,864
72 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 21,05521.1k $1.9m $1.9m 0.01% Added +6.4k +6,361
73 Parkwood LLC 0.30% of their portfolio CLEVELAND, OH 18,61218.6k $1.7m $1.7m 0.30% Reduced -66 -66
74 Erste Asset Management GmbH 0.03% of their portfolio VIENNA, C4 18,50018.5k $1.6m $1.6m 0.03% Unchanged
75 Evolutionary Tree Capital Management, LLC 1.82% of their portfolio ALEXANDRIA, VA 16,94716.9k $1.5m $1.5m 1.82% Added +6.3k +6,295
76 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 15,76815.8k $1.4m $1.4m 0.00% Added +1.9k +1,921
77 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 14,63414.6k $1.3m $1.3m 0.00% New
78 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 14,41214.4k $1.3m $1.3m 0.01% Added +1.1k +1,094
79 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 14,00014.0k $1.2m $1.2m 0.00% New
80 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 13,97214.0k $1.2m $1.2m 0.00% Reduced -107.0k -107,030
81 Ergoteles LLC 0.06% of their portfolio NEW YORK, NY 13,51113.5k $1.2m $1.2m 0.06% Added +6.7k +6,749
82 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 12,88212.9k $1.1m $1.1m 0.00% Reduced -4.0k -4,005
83 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 12,32112.3k $1.1m $1.1m 0.00% Reduced -4 -4
84 HARBOR CAPITAL ADVISORS, INC. 0.21% of their portfolio CHICAGO, IL 12,04312.0k $1.1m $1.1m 0.21% Reduced -158 -158
85 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 11,12511.1k $992.9k $992.9k 0.01% New
86 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 10,81910.8k $965.6k $965.6k 0.00% Added +87 +87
87 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,01310.0k $894.0k $894.0k 0.00% Added +9.0k +9,013
88 TANG CAPITAL MANAGEMENT LLC 0.13% of their portfolio SAN DIEGO, CA 10,00010.0k $892.5k $892.5k 0.13% New
89 Values First Advisors, Inc. 0.53% of their portfolio JOHNSON CITY, TN 9,9219.9k $885.4k $885.4k 0.53% Added +2.5k +2,517
90 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 9,7619.8k $871.2k $871.2k 0.00% Added +1.6k +1,593
91 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 9,6529.7k $861.4k $861.4k 0.00% Added +484 +484
92 BIT Capital GmbH 0.09% of their portfolio BERLIN, 2M 9,1239.1k $814.2k $814.2k 0.09% Added +1.7k +1,700
93 Handelsbanken Fonder AB 0.00% of their portfolio STOCKHOLM, V7 9,0009.0k $803.0k $803.0k 0.00% Added +500 +500
94 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 8,8008.8k $785.4k $785.4k 0.00% Added +3.8k +3,800
95 Alpha DNA Investment Management LLC 0.44% of their portfolio Columbia, MD 8,6018.6k $767.6k $767.6k 0.44% New
96 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 7,4157.4k $661.8k $661.8k 0.00% Reduced -45.6k -45,620
97 Chicago Partners Investment Group LLC 0.03% of their portfolio CHICAGO, IL 7,2887.3k $665.3k $665.3k 0.03% Reduced -389 -389
98 PRELUDE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio NEW YORK, NY 6,4006.4k $571.2k $571.2k 0.05% Reduced -1.6k -1,600
99 Avior Wealth Management, LLC 0.04% of their portfolio OMAHA, NE 6,3636.4k $567.9k $567.9k 0.04% Added +547 +547
100 DUALITY ADVISERS, LP 0.07% of their portfolio MIAMI, FL 6,0886.1k $543.4k $543.4k 0.07% New