Vault-13

AVADEL PHARMACEUTICALS PLC

SPONSORED ADR · CUSIP 05337M104

102 institutional holders +9 vs Q1 2023
51,943,62351.9m shares reported held*
$856.0mreported value*
22 new 34 added 24 reduced 16 sold out net bought ≈ $57.7m (+3.5m 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 ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $16.48. Options: 11 managers hold calls ($21.6m notional), 7 hold puts ($23.1m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 77Q4 22: 83Q1 23: 93Q2 23: 102102Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202277
Q4 202283
Q1 202393
Q2 2023102

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 39 bought or addedQ4 22: 29 cut or sold outQ4 22Q1 23: 53 bought or addedQ1 23: 26 cut or sold outQ1 23Q2 23: 56 bought or addedQ2 23: 40 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223929
Q1 20235326
Q2 20235640

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 22 calls: $5.5mQ3 22 puts: $9.7mQ3 22P/C 1.75Q4 22 calls: $13.7mQ4 22 puts: $12.3mQ4 22P/C 0.89Q1 23 calls: $17.4mQ1 23 puts: $4.8mQ1 23P/C 0.28Q2 23 calls: $21.6mQ2 23 puts: $23.1mQ2 23P/C 1.07
Numbers
QuarterCallsPutsP/C
Q3 2022$5.5m$9.7m1.75
Q4 2022$13.7m$12.3m0.89
Q1 2023$17.4m$4.8m0.28
Q2 2023$21.6m$23.1m1.07

Biggest buyers

ADAGE CAPITAL PARTNERS GP, L.L.C. New +2,680,000+2.7m
RTW INVESTMENTS, LP Added +1,068,702+1.1m
JANUS HENDERSON GROUP PLC Added +695,758+695.8k
J.P. Morgan Private Wealth Advisors LLC New +500,000+500.0k
Knoll Capital Management, LLC New +500,000+500.0k
D. E. Shaw & Co., Inc. Added +454,546+454.5k
MPM BIOIMPACT LLC New +384,990+385.0k
Soleus Capital Management, L.P. New +307,000+307.0k
MARSHALL WACE, LLP Added +301,151+301.2k
ADVISORY RESEARCH INC New +270,077+270.1k

Biggest sellers

COWEN AND COMPANY, LLC Reduced -1,068,702-1.1m
BANK OF AMERICA CORP /DE/ Reduced -649,545-649.5k
PERCEPTIVE ADVISORS LLC Sold out -590,000-590.0k
Altium Capital Management LLC Sold out -500,000-500.0k
Maven Securities LTD Sold out -450,000-450.0k
SAMSARA BIOCAPITAL, LLC Reduced -441,882-441.9k
MILLENNIUM MANAGEMENT LLC Sold out -288,910-288.9k
Tri Locum Partners LP Reduced -287,623-287.6k
Monashee Investment Management LLC Sold out -275,000-275.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -199,903-199.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.8m411.5k shares
GROUP ONE TRADING LLC Added $5.8m353.9k shares
CITADEL ADVISORS LLC Added $2.1m127.1k shares
JPMORGAN CHASE & CO Added $1.8m109.7k shares
J. Goldman & Co LP New $1.8m108.0k shares
JANE STREET GROUP, LLC Added $1.8m106.8k shares
Shay Capital LLC New $741.6k45.0k shares
CANTOR FITZGERALD, L. P. New $487.5k3.0k shares
WOLVERINE TRADING, LLC New $261.2k17.6k shares
Carmichael Hill & Associates, Inc. New $33.0k2.0k shares

Biggest puts

JANE STREET GROUP, LLC New $8.2m495.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.3m318.7k shares
GROUP ONE TRADING LLC Added $4.8m289.4k shares
CITADEL ADVISORS LLC Reduced $4.1m251.8k shares
WOLVERINE ASSET MANAGEMENT LLC New $405.4k24.6k shares
WOLVERINE TRADING, LLC New $359.1k24.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: GENDELL JEFFREY L (4.9%, 2026-02-06)

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANUS HENDERSON GROUP PLC 0.08% of their portfolio LONDON, X0 7,522,5457.5m $124.0m $124.0m 0.08% Added +695.8k +695,758
2 RTW INVESTMENTS, LP 2.14% of their portfolio NEW YORK, NY 6,810,6416.8m $112.2m $112.2m 2.14% Added +1.1m +1,068,702
3 GENDELL JEFFREY L 6.91% of their portfolio Greenwich, CT 5,396,0605.4m $88.9m $88.9m 6.91% Added +94.1k +94,146
4 Polar Capital Holdings Plc 0.51% of their portfolio London, X0 4,534,9214.5m $74.7m $74.7m 0.51% Reduced -37.6k -37,569
5 Vivo Capital, LLC 4.36% of their portfolio Palo Alto, CA 3,829,5773.8m $63.1m $63.1m 4.36% Added +68.1k +68,139
6 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% of their portfolio Boston, MA 2,680,0002.7m $44.2m $44.2m 0.10% New
7 COWEN AND COMPANY, LLC 3.64% of their portfolio NEW YORK, NY 2,664,0762.7m $43.9m $43.9m 3.64% Reduced -1.1m -1,068,702
8 WEALTH EFFECTS LLC 17.18% of their portfolio BOSTON, MA 2,369,0892.4m $39.0m $39.0m 17.18% Reduced -129.7k -129,749
9 Woodline Partners LP 0.37% of their portfolio San Francisco, CA 1,879,3431.9m $31.0m $31.0m 0.37% Unchanged
10 BRANDES INVESTMENT PARTNERS, LP 0.43% of their portfolio LA JOLLA, CA 1,289,1951.3m $21.2m $21.2m 0.43% Reduced -155.4k -155,440
11 Tri Locum Partners LP 6.37% of their portfolio NEW YORK, NY 1,039,4741.0m $17.1m $17.1m 6.37% Reduced -287.6k -287,623
12 SAMSARA BIOCAPITAL, LLC 2.80% of their portfolio PALO ALTO, CA 967,527967.5k $15.9m $15.9m 2.80% Reduced -441.9k -441,882
13 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 765,836765.8k $12.6m $12.6m 0.02% Added +454.5k +454,546
14 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 692,106692.1k $11.4m $11.4m 0.02% Reduced -127.6k -127,648
15 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 676,260676.3k $11.1m $11.1m 0.04% Added +220.3k +220,260
16 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 609,026609.0k $10.0m $10.0m 0.02% Added +301.2k +301,151
17 Modera Wealth Management, LLC 0.18% of their portfolio WESTWOOD, NJ 594,000594.0k $9.8m $9.8m 0.18% Unchanged
18 Knoll Capital Management, LLC 10.09% of their portfolio MIAMI, FL 500,000500.0k $8.2m $8.2m 10.09% New
19 J.P. Morgan Private Wealth Advisors LLC 0.04% of their portfolio SAN FRANCISCO, CA 500,000500.0k $8.2m $8.2m 0.04% New
20 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 486,195486.2k $8.0m $8.0m 0.01% Added +167.7k +167,714
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 461,094461.1k $7.6m $7.6m 0.00% Added +115.4k +115,383
22 KENNEDY CAPITAL MANAGEMENT LLC 0.17% of their portfolio ST LOUIS, MO 446,720446.7k $7.4m $7.4m 0.17% Added +25.5k +25,463
23 MPM BIOIMPACT LLC 1.28% of their portfolio BOSTON, MA 384,990385.0k $6.3m $6.3m 1.28% New
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 332,624332.6k $5.5m $5.5m 0.00% Reduced -25.2k -25,236
25 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 328,804328.8k $5.4m $5.4m 0.01% Added +219.2k +219,243
26 Soleus Capital Management, L.P. 0.56% of their portfolio GREENWICH, CT 307,000307.0k $5.1m $5.1m 0.56% New
27 Portolan Capital Management, LLC 0.42% of their portfolio BOSTON, MA 289,906289.9k $4.8m $4.8m 0.42% Added +1.6k +1,581
28 ADVISORY RESEARCH INC 0.57% of their portfolio CHICAGO, IL 270,077270.1k $4.5m $4.5m 0.57% New
29 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 261,679261.7k $4.3m $4.3m 0.00% Added +41.1k +41,084
30 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 258,050258.1k $4.3m $4.3m 0.01% Added +232.2k +232,151
31 Knott David M Jr 1.60% of their portfolio SYOSSET, NY 240,629240.6k $4.0m $4.0m 1.60% Reduced -50.5k -50,484
32 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 225,000225.0k $3.7m $3.7m 0.00% New
33 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 212,799212.8k $3.5m $3.5m 0.00% Added +160.4k +160,431
34 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 187,020187.0k $3.1m $3.1m 0.00% Reduced -99.2k -99,150
35 Edge Wealth Management LLC 0.54% of their portfolio NEW YORK, NY 150,000150.0k $2.5m $2.5m 0.54% Reduced -20.0k -20,000
36 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 130,473130.5k $2.2m $2.2m 0.00% Reduced -199.9k -199,903
37 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 127,293127.3k $2.1m $2.1m 0.00% New
38 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 124,500124.5k $2.1m $2.1m 0.01% Added +18.8k +18,800
39 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 104,614104.6k $1.7m $1.7m 0.02% Added +55.3k +55,289
40 Velan Capital Investment Management LP 1.55% of their portfolio ALPHARETTA, GA 100,000100.0k $1.6m $1.6m 1.55% Added +74.3k +74,257
41 SCHULHOFF & CO INC 0.74% of their portfolio CINCINNATI, OH 96,00096.0k $1.6m $1.6m 0.74% Unchanged
42 INVESTORS ASSET MANAGEMENT OF GEORGIA INC /GA/ /ADV 0.80% of their portfolio ATLANTA, GA 93,97594.0k $1.5m $1.5m 0.80% Reduced -36.8k -36,831
43 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 80,40280.4k $1.3m $1.3m 0.00% Added +399 +399
44 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 76,68576.7k $1.3m $1.3m 0.00% Added +32.1k +32,150
45 Caption Management, LLC 0.20% of their portfolio OKLAHOMA CITY, OK 67,19367.2k $1.1m $1.1m 0.20% Reduced -48.3k -48,311
46 Shay Capital LLC 0.38% of their portfolio NEW YORK, NY 66,00066.0k $1.1m $1.1m 0.38% New
47 BlackRock Inc. 0.00% of their portfolio New York, NY 53,38453.4k $879.8k $879.8k 0.00% Added +6.2k +6,185
48 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 51,27051.3k $844.9k $844.9k 0.01% New
49 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 50,60050.6k $834.0k $834.0k 0.00% Added +15.5k +15,500
50 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 49,33549.3k $813.0k $813.0k 0.00% New
51 IRIDIAN ASSET MANAGEMENT LLC/CT 0.07% of their portfolio WESTPORT, CT 45,58645.6k $751.3k $751.3k 0.07% New
52 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 42,68142.7k $703.4k $703.4k 0.00% Reduced -649.5k -649,545
53 State of Wyoming 0.17% of their portfolio CHEYENNE, WY 34,95935.0k $576.1k $576.1k 0.17% Added +8.1k +8,056
54 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 34,24834.2k $564.4k $564.4k 0.01% Added +10.9k +10,890
55 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 30,10030.1k $496.0k $496.0k 0.00% Added +14.6k +14,600
56 J. Goldman & Co LP 0.03% of their portfolio NEW YORK, NY 28,77328.8k $474.2k $474.2k 0.03% Reduced -152.2k -152,227
57 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 24,00024.0k $395.5k $395.5k 0.00% Added +2.5k +2,500
58 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 22,90622.9k $377.5k $377.5k 0.00% Reduced -71.5k -71,493
59 Aaron Wealth Advisors LLC 0.05% of their portfolio Chicago, IL 22,64222.6k $373.1k $373.1k 0.05% Unchanged
60 Carmichael Hill & Associates, Inc. 0.16% of their portfolio GAITHERSBURG, MD 21,00021.0k $346.1k $346.1k 0.16% Unchanged
61 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 20,45020.4k $337.0k $337.0k 0.00% Added +6.5k +6,450
62 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 20,40820.4k $336.3k $336.3k 0.00% Added +5.0k +4,958
63 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 19,64019.6k $323.7k $323.7k 0.00% Added +2.4k +2,439
64 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 19,41619.4k $320.0k $320.0k 0.01% Reduced -93.6k -93,551
65 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 19,04019.0k $313.8k $313.8k 0.00% Added +584 +584
66 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 18,25018.2k $300.8k $300.8k 0.00% Unchanged
67 WOLVERINE TRADING, LLC 0.00% of their portfolio CHICAGO, IL 16,45316.5k $244.2k $244.2k 0.00% New
68 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 16,28516.3k $268.4k $268.4k 0.01% New
69 Blue Zone Wealth Advisors, LLC 0.11% of their portfolio LOS ANGELES, CA 15,00015.0k $247.2k $247.2k 0.11% New
70 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 14,21414.2k $234.2k $234.2k 0.00% Reduced -19.8k -19,842
71 BUCKINGHAM STRATEGIC WEALTH, LLC 0.00% of their portfolio CLAYTON, MO 13,71013.7k $225.9k $225.9k 0.00% Unchanged
72 UBS Group AG 0.00% of their portfolio ZURICH, V8 13,38813.4k $220.6k $220.6k 0.00% Added +2.7k +2,717
73 QP WEALTH MANAGEMENT, LLC 0.35% of their portfolio BOCA RATON, FL 13,38013.4k $220.5k $220.5k 0.35% New
74 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 12,46012.5k $205.0k $205.0k 0.00% New
75 Compagnie Lombard Odier SCmA 0.01% of their portfolio 1204 GENEVA, V8 12,00012.0k $197.8k $197.8k 0.01% Unchanged
76 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 11,79211.8k $194.3k $194.3k 0.00% Reduced -874 -874
77 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 10,43910.4k $172.0k $172.0k 0.00% New
78 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 8,5068.5k $140.2k $140.2k 0.00% Added +8.0k +7,989
79 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 5,9125.9k $97.4k $97.4k 0.00% New
80 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 4,8104.8k $79.3k $79.3k 0.00% Added +956 +956
81 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 4,0004.0k $65.9k $65.9k 0.01% Unchanged
82 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 2,9903.0k $49.3k $49.3k 0.00% Reduced -534 -534
83 PINEBRIDGE INVESTMENTS, L.P. 0.00% of their portfolio NEW YORK, NY 2,4782.5k $40.8k $40.8k 0.00% Reduced -1.6k -1,644
84 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,3002.3k $37.9k $37.9k 0.00% Unchanged
85 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,9331.9k $31.9k $31.9k 0.00% Added +567 +567
86 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 1,3211.3k $21.8k $21.8k 0.00% New
87 Hartford Financial Management Inc. 0.00% of their portfolio WEST HARTFORD, CT 1,0001.0k $16.5k $16.5k 0.00% Unchanged
88 Banque Cantonale Vaudoise 0.00% of their portfolio LAUSANNE, V8 1,0001.0k $16.0k $16.0k 0.00% Unchanged
89 China Universal Asset Management Co., Ltd. 0.00% of their portfolio SHANGHAI, F4 844844 $13.9k $13.9k 0.00% Reduced -7 -7
90 Cutler Group LLC / CA 0.00% of their portfolio SAN FRANCISCO, CA 800800 $13.0k $13.0k 0.00% New
91 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 785785 $13.0k $13.0k 0.00% Unchanged
92 COMERICA BANK 0.00% of their portfolio DALLAS, TX 626626 $96 $96 0.00% First filing
93 BALDWIN WEALTH PARTNERS LLC/MA 0.00% of their portfolio Marion, MA 500500 $8.2k $8.2k 0.00% Unchanged
94 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 450450 $7.4k $7.4k 0.00% Not comparable
95 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 245245 $4.0k $4.0k 0.00% Unchanged
96 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 200200 $3.3k $3.3k 0.00% Unchanged
97 Impact Partnership Wealth, LLC 0.00% of their portfolio MARIETTA, GA 156156 $2.6k $2.6k 0.00% First filing
98 Lindbrook Capital, LLC 0.00% of their portfolio CALABASAS, CA 9898 $1.6k $1.6k 0.00% Reduced -2.0k -2,000
99 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4242 $692 $692 0.00% Unchanged
100 Bell Investment Advisors, Inc 0.00% of their portfolio ORINDA, CA 3333 $544 $544 0.00% New