AVADEL PHARMACEUTICALS PLC
SPONSORED ADR · CUSIP 05337M104
* 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 ≈ $10.29. Options: 10 managers hold calls ($11.0m notional), 8 hold puts ($3.4m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 77 |
| Q4 2022 | 83 |
| Q1 2023 | 93 |
| Q2 2023 | 102 |
| Q3 2023 | 100 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 39 | 29 |
| Q1 2023 | 53 | 26 |
| Q2 2023 | 56 | 40 |
| Q3 2023 | 49 | 42 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $13.7m | $12.3m | 0.89 |
| Q1 2023 | $17.4m | $4.8m | 0.28 |
| Q2 2023 | $21.6m | $23.1m | 1.07 |
| Q3 2023 | $11.0m | $3.4m | 0.31 |
Biggest buyers
| JANUS HENDERSON GROUP PLC | Added | +3.1m |
| TANG CAPITAL MANAGEMENT LLC | New | +1.0m |
| RTW INVESTMENTS, LP | Added | +325.8k |
| MPM BIOIMPACT LLC | Added | +279.2k |
| KENNEDY CAPITAL MANAGEMENT LLC | Added | +268.7k |
| Vivo Capital, LLC | Added | +266.9k |
| GENDELL JEFFREY L | Added | +219.3k |
| DEUTSCHE BANK AG\ | Added | +215.0k |
| BANK OF AMERICA CORP /DE/ | Added | +179.2k |
| BRANDES INVESTMENT PARTNERS, LP | Added | +159.6k |
Biggest sellers
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -955.0k |
| Point72 Asset Management, L.P. | Sold out | -676.3k |
| J.P. Morgan Private Wealth Advisors LLC | Sold out | -500.0k |
| COWEN AND COMPANY, LLC | Reduced | -325.8k |
| Portolan Capital Management, LLC | Sold out | -289.9k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -254.2k |
| JANE STREET GROUP, LLC | Reduced | -236.4k |
| D. E. Shaw & Co., Inc. | Reduced | -216.5k |
| Soleus Capital Management, L.P. | Reduced | -203.0k |
| MARSHALL WACE, LLP | Reduced | -148.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.3m318.4k shares |
| CITADEL ADVISORS LLC | Added | $3.1m305.3k shares |
| GROUP ONE TRADING LLC | Reduced | $1.5m150.0k shares |
| JANE STREET GROUP, LLC | Added | $1.5m148.4k shares |
| GTS SECURITIES LLC | New | $1.0m100.8k shares |
| WOLVERINE TRADING, LLC | Added | $344.0k33.4k shares |
| Walleye Capital LLC | New | $60.8k5.9k shares |
| Carmichael Hill & Associates, Inc. | Unchanged | $20.6k2.0k shares |
| Blue Zone Wealth Advisors, LLC | New | $15515.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $1.8m176.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $698.3k67.8k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $253.4k24.6k shares |
| GROUP ONE TRADING LLC | Reduced | $233.8k22.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $157.6k15.3k shares |
| JANE STREET GROUP, LLC | Reduced | $128.8k12.5k shares |
| Walleye Capital LLC | New | $87.5k8.5k 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| JANUS HENDERSON GROUP PLC 0.07% of their portfolio | 10.6m $109.6m | Added +3.1m |
| RTW INVESTMENTS, LP 1.55% of their portfolio | 7.1m $73.5m | Added +325.8k |
| GENDELL JEFFREY L 3.29% of their portfolio | 5.6m $57.8m | Added +219.3k |
| Polar Capital Holdings Plc 0.34% of their portfolio | 4.5m $46.5m | Reduced -22.0k |
| Vivo Capital, LLC 4.62% of their portfolio | 4.1m $42.2m | Added +266.9k |
| WEALTH EFFECTS LLC 12.25% of their portfolio | 2.4m $24.8m | Added +40.2k |
| COWEN AND COMPANY, LLC 1.69% of their portfolio | 2.3m $24.1m | Reduced -325.8k |
| Woodline Partners LP 0.23% of their portfolio | 1.9m $19.6m | Added +23.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 1.7m $17.8m | Reduced -955.0k |
| BRANDES INVESTMENT PARTNERS, LP 0.29% of their portfolio | 1.4m $14.9m | Added +159.6k |
| TANG CAPITAL MANAGEMENT LLC 1.45% of their portfolio | 1.0m $10.3m | New |
| Tri Locum Partners LP 3.25% of their portfolio | 983.6k $10.1m | Reduced -55.9k |
| SAMSARA BIOCAPITAL, LLC 3.05% of their portfolio | 967.5k $10.0m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 738.9k $7.6m | Added +46.8k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 715.4k $7.4m | Added +268.7k |
| MPM BIOIMPACT LLC 1.83% of their portfolio | 664.2k $6.8m | Added +279.2k |
| Knoll Capital Management, LLC 6.41% of their portfolio | 600.0k $6.2m | Added +100.0k |
| Modera Wealth Management, LLC 0.12% of their portfolio | 594.0k $6.1m | Unchanged |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 549.4k $5.7m | Reduced -216.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 463.1k $4.8m | Reduced -23.1k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 460.8k $4.7m | Reduced -148.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 452.5k $4.7m | Added +119.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 440.0k $4.5m | Added +215.0k |
| MORGAN STANLEY 0.00% of their portfolio | 437.1k $4.5m | Reduced -24.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 361.5k $3.7m | Added +148.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 285.0k $2.9m | Added +23.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 221.9k $2.3m | Added +179.2k |
| Knott David M Jr 0.91% of their portfolio | 221.8k $2.3m | Reduced -18.8k |
| ADVISORY RESEARCH INC 0.29% of their portfolio | 201.1k $2.1m | Reduced -69.0k |
| J. Goldman & Co LP 0.08% of their portfolio | 163.4k $1.7m | Added +134.6k |
| Edge Wealth Management LLC 0.36% of their portfolio | 150.0k $1.5m | Unchanged |
| Soleus Capital Management, L.P. 0.11% of their portfolio | 104.0k $1.1m | Reduced -203.0k |
| SILVERBACK ASSET MANAGEMENT LLC 0.04% of their portfolio | 100.0k $290.0k | New |
| SCHULHOFF & CO INC 0.50% of their portfolio | 96.0k $988.8k | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 94.4k $972.4k | Added +14.0k |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 93.4k $962.3k | Reduced -93.6k |
| Cetera Advisors LLC 0.01% of their portfolio | 87.9k $905.1k | New |
| Caption Management, LLC 0.11% of their portfolio | 81.1k $835.3k | Added +13.9k |
| Lion Point Capital, LP 0.75% of their portfolio | 80.0k $824.0k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 79.2k $816.0k | Added +2.5k |
| BlackRock Inc. 0.00% of their portfolio | 78.5k $808.4k | Added +25.1k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 74.6k $768.4k | Reduced -254.2k |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 72.6k $748.0k | Added +22.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 54.7k $563.7k | New |
| Jump Financial, LLC 0.02% of their portfolio | 53.6k $551.8k | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 53.5k $551.3k | New |
| IRIDIAN ASSET MANAGEMENT LLC/CT 0.10% of their portfolio | 45.6k $469.5k | Unchanged |
| MAI Capital Management 0.01% of their portfolio | 45.2k $465.8k | Reduced -6.0k |
| State of Wyoming 0.09% of their portfolio | 41.8k $430.6k | Added +6.8k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 39.9k $411.1k | Added +5.7k |
| STATE STREET CORP 0.00% of their portfolio | 30.3k $312.2k | Added +7.4k |
| AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio | 24.0k $247.2k | Unchanged |
| Aaron Wealth Advisors LLC 0.03% of their portfolio | 22.6k $233.2k | Unchanged |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 21.9k $226.1k | Added +1.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 21.7k $223.3k | Reduced -236.4k |
| Carmichael Hill & Associates, Inc. 0.11% of their portfolio | 21.0k $216.3k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 20.6k $212.1k | Added +957 |
| LPL Financial LLC 0.00% of their portfolio | 20.1k $207.3k | Reduced -278 |
| Virtu Financial LLC 0.02% of their portfolio | 20.0k $206.0k | New |
| Creative Planning 0.00% of their portfolio | 19.5k $200.6k | Added +438 |
| OneDigital Investment Advisors LLC 0.00% of their portfolio | 19.4k $199.7k | New |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 18.6k $191.4k | Reduced -86.0k |
| US BANCORP \DE\ 0.00% of their portfolio | 18.3k $188.7k | Added +69 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 17.3k $178.0k | Reduced -12.8k |
| GTS SECURITIES LLC 0.00% of their portfolio | 17.2k $176.8k | New |
| Advisory Services Network, LLC 0.00% of their portfolio | 16.3k $167.7k | Unchanged |
| Blue Zone Wealth Advisors, LLC 0.07% of their portfolio | 16.0k $164.8k | Added +1.0k |
| WOLVERINE TRADING, LLC 0.00% of their portfolio | 14.8k $152.4k | Reduced -1.7k |
| Squarepoint Ops LLC 0.00% of their portfolio | 14.6k $150.2k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 14.5k $149.5k | Added +9.7k |
| BUCKINGHAM STRATEGIC WEALTH, LLC 0.00% of their portfolio | 14.5k $149.5k | Added +800 |
| Corient Private Wealth LP 0.00% of their portfolio | 12.1k $124.5k | Added +1.7k |
| EXENCIAL WEALTH ADVISORS, LLC 0.01% of their portfolio | 12.0k $123.6k | New |
| Compagnie Lombard Odier SCmA 0.00% of their portfolio | 12.0k $123.6k | Unchanged |
| Cetera Advisor Networks LLC 0.00% of their portfolio | 11.8k $121.5k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 11.4k $117.8k | Reduced -2.0k |
| Quantbot Technologies LP 0.01% of their portfolio | 7.6k $78.1k | New |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 6.2k $63.7k | Reduced -13.2k |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 5.9k $60.9k | Unchanged |
| Larson Financial Group LLC 0.00% of their portfolio | 4.0k $41.2k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 3.6k $37.0k | Reduced -8.9k |
| CITIGROUP INC 0.00% of their portfolio | 2.6k $27.1k | Added +697 |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 2.3k $23.7k | Unchanged |
| China Universal Asset Management Co., Ltd. 0.01% of their portfolio | 2.3k $23.7k | Added +1.5k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 2.2k $23.2k | Reduced -740 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 1.3k $13.4k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 1.3k $12.9k | Reduced -65 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 1.2k $11.9k | Reduced -7.3k |
| Hartford Financial Management Inc. 0.00% of their portfolio | 1.0k $10.3k | Unchanged |
| Banque Cantonale Vaudoise 0.00% of their portfolio | 1.0k $10.0k | Unchanged |
| HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio | 785 $8.0k | Unchanged |
| BALDWIN WEALTH PARTNERS LLC/MA 0.00% of their portfolio | 500 $5.2k | Unchanged |
| SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio | 450 $4.6k | Unchanged |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 245 $3.0k | Unchanged |
| HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio | 200 $2.1k | Unchanged |
| Lindbrook Capital, LLC 0.00% of their portfolio | 98 $1.0k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 48 $494 | Reduced -49.3k |
| Parallel Advisors, LLC 0.00% of their portfolio | 42 $433 | Unchanged |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 1 $10 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |