Vault-13

AVADEL PHARMACEUTICALS PLC

SPONSORED ADR · CUSIP 05337M104

100 institutional holders -2 vs Q2 2023
54,378,25554.4m shares reported held*
$559.4mreported value*
14 new 35 added 26 reduced 16 sold out net bought ≈ $23.3m (+2.3m 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 ≈ $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

050100150Q3 22: 77Q4 22: 83Q1 23: 93Q2 23: 102Q3 23: 100100Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202277
Q4 202283
Q1 202393
Q2 2023102
Q3 2023100

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 23Q3 23: 49 bought or addedQ3 23: 42 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223929
Q1 20235326
Q2 20235640
Q3 20234942

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ4 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 1.07Q3 23 calls: $11.0mQ3 23 puts: $3.4mQ3 23P/C 0.31
Numbers
QuarterCallsPutsP/C
Q4 2022$13.7m$12.3m0.89
Q1 2023$17.4m$4.8m0.28
Q2 2023$21.6m$23.1m1.07
Q3 2023$11.0m$3.4m0.31

Biggest buyers

JANUS HENDERSON GROUP PLC Added +3,115,762+3.1m
TANG CAPITAL MANAGEMENT LLC New +1,000,000+1.0m
RTW INVESTMENTS, LP Added +325,774+325.8k
MPM BIOIMPACT LLC Added +279,234+279.2k
KENNEDY CAPITAL MANAGEMENT LLC Added +268,704+268.7k
Vivo Capital, LLC Added +266,851+266.9k
GENDELL JEFFREY L Added +219,290+219.3k
DEUTSCHE BANK AG\ Added +215,000+215.0k
BANK OF AMERICA CORP /DE/ Added +179,186+179.2k
BRANDES INVESTMENT PARTNERS, LP Added +159,577+159.6k

Biggest sellers

ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -955,000-955.0k
Point72 Asset Management, L.P. Sold out -676,260-676.3k
J.P. Morgan Private Wealth Advisors LLC Sold out -500,000-500.0k
COWEN AND COMPANY, LLC Reduced -325,774-325.8k
Portolan Capital Management, LLC Sold out -289,906-289.9k
TWO SIGMA INVESTMENTS, LP Reduced -254,204-254.2k
JANE STREET GROUP, LLC Reduced -236,370-236.4k
D. E. Shaw & Co., Inc. Reduced -216,466-216.5k
Soleus Capital Management, L.P. Reduced -203,000-203.0k
MARSHALL WACE, LLP Reduced -148,223-148.2k

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANUS HENDERSON GROUP PLC 0.07% of their portfolio LONDON, X0 10,638,30710.6m $109.6m $109.6m 0.07% Added +3.1m +3,115,762
2 RTW INVESTMENTS, LP 1.55% of their portfolio NEW YORK, NY 7,136,4157.1m $73.5m $73.5m 1.55% Added +325.8k +325,774
3 GENDELL JEFFREY L 3.29% of their portfolio Greenwich, CT 5,615,3505.6m $57.8m $57.8m 3.29% Added +219.3k +219,290
4 Polar Capital Holdings Plc 0.34% of their portfolio London, X0 4,512,9644.5m $46.5m $46.5m 0.34% Reduced -22.0k -21,957
5 Vivo Capital, LLC 4.62% of their portfolio Palo Alto, CA 4,096,4284.1m $42.2m $42.2m 4.62% Added +266.9k +266,851
6 WEALTH EFFECTS LLC 12.25% of their portfolio BOSTON, MA 2,409,2892.4m $24.8m $24.8m 12.25% Added +40.2k +40,200
7 COWEN AND COMPANY, LLC 1.69% of their portfolio NEW YORK, NY 2,338,3022.3m $24.1m $24.1m 1.69% Reduced -325.8k -325,774
8 Woodline Partners LP 0.23% of their portfolio San Francisco, CA 1,902,8431.9m $19.6m $19.6m 0.23% Added +23.5k +23,500
9 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio Boston, MA 1,725,0001.7m $17.8m $17.8m 0.04% Reduced -955.0k -955,000
10 BRANDES INVESTMENT PARTNERS, LP 0.29% of their portfolio LA JOLLA, CA 1,448,7721.4m $14.9m $14.9m 0.29% Added +159.6k +159,577
11 TANG CAPITAL MANAGEMENT LLC 1.45% of their portfolio SAN DIEGO, CA 1,000,0001.0m $10.3m $10.3m 1.45% New
12 Tri Locum Partners LP 3.25% of their portfolio NEW YORK, NY 983,602983.6k $10.1m $10.1m 3.25% Reduced -55.9k -55,872
13 SAMSARA BIOCAPITAL, LLC 3.05% of their portfolio PALO ALTO, CA 967,527967.5k $10.0m $10.0m 3.05% Unchanged
14 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 738,906738.9k $7.6m $7.6m 0.01% Added +46.8k +46,800
15 KENNEDY CAPITAL MANAGEMENT LLC 0.18% of their portfolio ST LOUIS, MO 715,424715.4k $7.4m $7.4m 0.18% Added +268.7k +268,704
16 MPM BIOIMPACT LLC 1.83% of their portfolio BOSTON, MA 664,224664.2k $6.8m $6.8m 1.83% Added +279.2k +279,234
17 Knoll Capital Management, LLC 6.41% of their portfolio MIAMI, FL 600,000600.0k $6.2m $6.2m 6.41% Added +100.0k +100,000
18 Modera Wealth Management, LLC 0.12% of their portfolio WESTWOOD, NJ 594,000594.0k $6.1m $6.1m 0.12% Unchanged
19 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 549,370549.4k $5.7m $5.7m 0.01% Reduced -216.5k -216,466
20 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 463,105463.1k $4.8m $4.8m 0.01% Reduced -23.1k -23,090
21 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 460,803460.8k $4.7m $4.7m 0.01% Reduced -148.2k -148,223
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 452,472452.5k $4.7m $4.7m 0.00% Added +119.8k +119,848
23 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 440,000440.0k $4.5m $4.5m 0.00% Added +215.0k +215,000
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 437,056437.1k $4.5m $4.5m 0.00% Reduced -24.0k -24,038
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 361,452361.5k $3.7m $3.7m 0.00% Added +148.7k +148,653
26 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 285,013285.0k $2.9m $2.9m 0.00% Added +23.3k +23,334
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 221,867221.9k $2.3m $2.3m 0.00% Added +179.2k +179,186
28 Knott David M Jr 0.91% of their portfolio SYOSSET, NY 221,850221.8k $2.3m $2.3m 0.91% Reduced -18.8k -18,779
29 ADVISORY RESEARCH INC 0.29% of their portfolio CHICAGO, IL 201,109201.1k $2.1m $2.1m 0.29% Reduced -69.0k -68,968
30 J. Goldman & Co LP 0.08% of their portfolio NEW YORK, NY 163,382163.4k $1.7m $1.7m 0.08% Added +134.6k +134,609
31 Edge Wealth Management LLC 0.36% of their portfolio NEW YORK, NY 150,000150.0k $1.5m $1.5m 0.36% Unchanged
32 Soleus Capital Management, L.P. 0.11% of their portfolio GREENWICH, CT 104,000104.0k $1.1m $1.1m 0.11% Reduced -203.0k -203,000
33 SILVERBACK ASSET MANAGEMENT LLC 0.04% of their portfolio DURHAM, NC 100,000100.0k $290.0k $290.0k 0.04% New
34 SCHULHOFF & CO INC 0.50% of their portfolio CINCINNATI, OH 96,00096.0k $988.8k $988.8k 0.50% Unchanged
35 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 94,40594.4k $972.4k $972.4k 0.00% Added +14.0k +14,003
36 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 93,42893.4k $962.3k $962.3k 0.00% Reduced -93.6k -93,592
37 Cetera Advisors LLC 0.01% of their portfolio DENVER, CO 87,87187.9k $905.1k $905.1k 0.01% New
38 Caption Management, LLC 0.11% of their portfolio OKLAHOMA CITY, OK 81,10081.1k $835.3k $835.3k 0.11% Added +13.9k +13,907
39 Lion Point Capital, LP 0.75% of their portfolio NEW YORK, NY 80,00080.0k $824.0k $824.0k 0.75% New
40 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 79,21379.2k $816.0k $816.0k 0.00% Added +2.5k +2,528
41 BlackRock Inc. 0.00% of their portfolio New York, NY 78,48578.5k $808.4k $808.4k 0.00% Added +25.1k +25,101
42 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 74,60074.6k $768.4k $768.4k 0.00% Reduced -254.2k -254,204
43 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 72,58772.6k $748.0k $748.0k 0.00% Added +22.0k +21,987
44 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 54,72654.7k $563.7k $563.7k 0.00% New
45 Jump Financial, LLC 0.02% of their portfolio Chicago, IL 53,57153.6k $551.8k $551.8k 0.02% New
46 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 53,52353.5k $551.3k $551.3k 0.00% New
47 IRIDIAN ASSET MANAGEMENT LLC/CT 0.10% of their portfolio WESTPORT, CT 45,58645.6k $469.5k $469.5k 0.10% Unchanged
48 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 45,22345.2k $465.8k $465.8k 0.01% Reduced -6.0k -6,047
49 State of Wyoming 0.09% of their portfolio CHEYENNE, WY 41,80141.8k $430.6k $430.6k 0.09% Added +6.8k +6,842
50 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 39,91139.9k $411.1k $411.1k 0.01% Added +5.7k +5,663
51 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 30,30630.3k $312.2k $312.2k 0.00% Added +7.4k +7,400
52 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 24,00024.0k $247.2k $247.2k 0.00% Unchanged
53 Aaron Wealth Advisors LLC 0.03% of their portfolio Chicago, IL 22,64222.6k $233.2k $233.2k 0.03% Unchanged
54 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 21,95021.9k $226.1k $226.1k 0.00% Added +1.5k +1,500
55 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 21,68021.7k $223.3k $223.3k 0.00% Reduced -236.4k -236,370
56 Carmichael Hill & Associates, Inc. 0.11% of their portfolio GAITHERSBURG, MD 21,00021.0k $216.3k $216.3k 0.11% Unchanged
57 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 20,59720.6k $212.1k $212.1k 0.00% Added +957 +957
58 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 20,13020.1k $207.3k $207.3k 0.00% Reduced -278 -278
59 Virtu Financial LLC 0.02% of their portfolio New York, NY 20,04720.0k $206.0k $206.0k 0.02% New
60 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 19,47819.5k $200.6k $200.6k 0.00% Added +438 +438
61 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 19,38819.4k $199.7k $199.7k 0.00% New
62 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 18,58518.6k $191.4k $191.4k 0.00% Reduced -86.0k -86,029
63 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 18,31918.3k $188.7k $188.7k 0.00% Added +69 +69
64 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 17,28517.3k $178.0k $178.0k 0.00% Reduced -12.8k -12,815
65 GTS SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 17,16417.2k $176.8k $176.8k 0.00% New
66 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 16,28516.3k $167.7k $167.7k 0.00% Unchanged
67 Blue Zone Wealth Advisors, LLC 0.07% of their portfolio LOS ANGELES, CA 16,00016.0k $164.8k $164.8k 0.07% Added +1.0k +1,000
68 WOLVERINE TRADING, LLC 0.00% of their portfolio CHICAGO, IL 14,79214.8k $152.4k $152.4k 0.00% Reduced -1.7k -1,661
69 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 14,58214.6k $150.2k $150.2k 0.00% New
70 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 14,51714.5k $149.5k $149.5k 0.00% Added +9.7k +9,707
71 BUCKINGHAM STRATEGIC WEALTH, LLC 0.00% of their portfolio CLAYTON, MO 14,51014.5k $149.5k $149.5k 0.00% Added +800 +800
72 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 12,09112.1k $124.5k $124.5k 0.00% Added +1.7k +1,652
73 EXENCIAL WEALTH ADVISORS, LLC 0.01% of their portfolio OKLAHOMA CITY, OK 12,00012.0k $123.6k $123.6k 0.01% New
74 Compagnie Lombard Odier SCmA 0.00% of their portfolio 1204 GENEVA, V8 12,00012.0k $123.6k $123.6k 0.00% Unchanged
75 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 11,79211.8k $121.5k $121.5k 0.00% Unchanged
76 UBS Group AG 0.00% of their portfolio ZURICH, V8 11,43411.4k $117.8k $117.8k 0.00% Reduced -2.0k -1,954
77 Quantbot Technologies LP 0.01% of their portfolio NEW YORK, NY 7,5877.6k $78.1k $78.1k 0.01% New
78 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 6,1836.2k $63.7k $63.7k 0.00% Reduced -13.2k -13,233
79 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 5,9125.9k $60.9k $60.9k 0.00% Unchanged
80 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 4,0004.0k $41.2k $41.2k 0.00% Unchanged
81 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,5753.6k $37.0k $37.0k 0.00% Reduced -8.9k -8,885
82 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,6302.6k $27.1k $27.1k 0.00% Added +697 +697
83 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,3002.3k $23.7k $23.7k 0.00% Unchanged
84 China Universal Asset Management Co., Ltd. 0.01% of their portfolio SHANGHAI, F4 2,2982.3k $23.7k $23.7k 0.01% Added +1.5k +1,454
85 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 2,2502.2k $23.2k $23.2k 0.00% Reduced -740 -740
86 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1,3001.3k $13.4k $13.4k 0.00% New
87 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 1,2561.3k $12.9k $12.9k 0.00% Reduced -65 -65
88 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,1591.2k $11.9k $11.9k 0.00% Reduced -7.3k -7,347
89 Hartford Financial Management Inc. 0.00% of their portfolio WEST HARTFORD, CT 1,0001.0k $10.3k $10.3k 0.00% Unchanged
90 Banque Cantonale Vaudoise 0.00% of their portfolio LAUSANNE, V8 1,0001.0k $10.0k $10.0k 0.00% Unchanged
91 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 785785 $8.0k $8.0k 0.00% Unchanged
92 BALDWIN WEALTH PARTNERS LLC/MA 0.00% of their portfolio Marion, MA 500500 $5.2k $5.2k 0.00% Unchanged
93 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 450450 $4.6k $4.6k 0.00% Unchanged
94 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 245245 $3.0k $3.0k 0.00% Unchanged
95 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 200200 $2.1k $2.1k 0.00% Unchanged
96 Lindbrook Capital, LLC 0.00% of their portfolio CALABASAS, CA 9898 $1.0k $1.0k 0.00% Unchanged
97 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4848 $494 $494 0.00% Reduced -49.3k -49,287
98 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4242 $433 $433 0.00% Unchanged
99 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $10 $10 0.00% Unchanged
100 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged