Vault-13

AVADEL PHARMACEUTICALS PLC

SPONSORED ADR · CUSIP 05337M104

115 institutional holders +15 vs Q3 2023
57,352,21557.4m shares reported held*
$809.8mreported value*
18 new 34 added 27 reduced 8 sold out net bought ≈ $35.4m (+2.4m 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 ($130.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.12. Options: 10 managers hold calls ($15.6m notional), 7 hold puts ($5.0m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 77Q4 22: 83Q1 23: 93Q2 23: 102Q3 23: 100Q4 23: 115115Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202277
Q4 202283
Q1 202393
Q2 2023102
Q3 2023100
Q4 2023115

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 23Q4 23: 52 bought or addedQ4 23: 35 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223929
Q1 20235326
Q2 20235640
Q3 20234942
Q4 20235235

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ1 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 0.31Q4 23 calls: $15.6mQ4 23 puts: $5.0mQ4 23P/C 0.32
Numbers
QuarterCallsPutsP/C
Q1 2023$17.4m$4.8m0.28
Q2 2023$21.6m$23.1m1.07
Q3 2023$11.0m$3.4m0.31
Q4 2023$15.6m$5.0m0.32

Biggest buyers

Polar Capital Holdings Plc Added +2,238,818+2.2m
MORGAN STANLEY Added +1,546,938+1.5m
Balyasny Asset Management L.P. New +781,515+781.5k
JANUS HENDERSON GROUP PLC Added +487,023+487.0k
Ally Bridge Group (NY) LLC New +347,036+347.0k
Point72 Asset Management, L.P. New +285,816+285.8k
CITADEL ADVISORS LLC Added +150,080+150.1k
MILLENNIUM MANAGEMENT LLC Added +149,808+149.8k
GOLDMAN SACHS GROUP INC Added +125,799+125.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +123,425+123.4k

Biggest sellers

ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -1,500,000-1.5m
COWEN AND COMPANY, LLC Reduced -695,955-696.0k
JPMORGAN CHASE & CO Reduced -356,066-356.1k
D. E. Shaw & Co., Inc. Reduced -352,816-352.8k
MARSHALL WACE, LLP Reduced -306,218-306.2k
RTW INVESTMENTS, LP Reduced -188,497-188.5k
BANK OF AMERICA CORP /DE/ Reduced -187,376-187.4k
J. Goldman & Co LP Sold out -163,382-163.4k
Tri Locum Partners LP Reduced -143,669-143.7k
RENAISSANCE TECHNOLOGIES LLC Reduced -113,800-113.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.7m404.6k shares
CITADEL ADVISORS LLC Reduced $2.1m151.7k shares
JANE STREET GROUP, LLC Reduced $2.0m142.3k shares
GROUP ONE TRADING LLC Reduced $1.7m120.3k shares
SILVERBACK ASSET MANAGEMENT LLC New $1.4m100.0k shares
GTS SECURITIES LLC Reduced $1.1m74.5k shares
J. Goldman & Co LP New $953.1k67.5k shares
WOLVERINE TRADING, LLC Added $556.3k39.4k shares
Carmichael Hill & Associates, Inc. Unchanged $28.2k2.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $2.6m186.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $895.2k63.4k shares
GROUP ONE TRADING LLC Added $508.3k36.0k shares
WOLVERINE ASSET MANAGEMENT LLC Unchanged $347.4k24.6k shares
J. Goldman & Co LP New $338.9k24.0k shares
WOLVERINE TRADING, LLC Added $244.3k17.3k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANUS HENDERSON GROUP PLC 0.09% of their portfolio LONDON, X0 11,125,33011.1m $157.1m $157.1m 0.09% Added +487.0k +487,023
2 RTW INVESTMENTS, LP 1.53% of their portfolio NEW YORK, NY 6,947,9186.9m $98.1m $98.1m 1.53% Reduced -188.5k -188,497
3 Polar Capital Holdings Plc 0.59% of their portfolio London, X0 6,751,7826.8m $95.3m $95.3m 0.59% Added +2.2m +2,238,818
4 GENDELL JEFFREY L 4.31% of their portfolio Greenwich, CT 5,615,3505.6m $79.3m $79.3m 4.31% Unchanged
5 Vivo Capital, LLC 4.74% of their portfolio Palo Alto, CA 4,096,4284.1m $57.8m $57.8m 4.74% Unchanged
6 WEALTH EFFECTS LLC 12.83% of their portfolio BOSTON, MA 2,416,3262.4m $34.1m $34.1m 12.83% Added +7.0k +7,037
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,983,9942.0m $28.0m $28.0m 0.00% Added +1.5m +1,546,938
8 Woodline Partners LP 0.29% of their portfolio San Francisco, CA 1,852,4121.9m $26.2m $26.2m 0.29% Reduced -50.4k -50,431
9 COWEN AND COMPANY, LLC 1.52% of their portfolio NEW YORK, NY 1,642,3471.6m $23.2m $23.2m 1.52% Reduced -696.0k -695,955
10 BRANDES INVESTMENT PARTNERS, LP 0.33% of their portfolio LA JOLLA, CA 1,533,6141.5m $21.7m $21.7m 0.33% Added +84.8k +84,842
11 TANG CAPITAL MANAGEMENT LLC 1.41% of their portfolio SAN DIEGO, CA 1,079,5281.1m $15.2m $15.2m 1.41% Added +79.5k +79,528
12 SAMSARA BIOCAPITAL, LLC 2.13% of their portfolio PALO ALTO, CA 967,527967.5k $13.7m $13.7m 2.13% Unchanged
13 Tri Locum Partners LP 5.82% of their portfolio NEW YORK, NY 839,933839.9k $11.9m $11.9m 5.82% Reduced -143.7k -143,669
14 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 781,515781.5k $11.0m $11.0m 0.03% New
15 MPM BIOIMPACT LLC 2.20% of their portfolio BOSTON, MA 664,986665.0k $9.4m $9.4m 2.20% Added +762 +762
16 KENNEDY CAPITAL MANAGEMENT LLC 0.20% of their portfolio ST LOUIS, MO 645,874645.9k $9.1m $9.1m 0.20% Reduced -69.5k -69,550
17 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 625,106625.1k $8.8m $8.8m 0.01% Reduced -113.8k -113,800
18 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 613,185613.2k $8.7m $8.7m 0.01% Added +150.1k +150,080
19 Knoll Capital Management, LLC 7.02% of their portfolio MIAMI, FL 600,000600.0k $8.5m $8.5m 7.02% Unchanged
20 Modera Wealth Management, LLC 0.14% of their portfolio WESTWOOD, NJ 598,392598.4k $8.4m $8.4m 0.14% Added +4.4k +4,392
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 487,251487.3k $6.9m $6.9m 0.00% Added +125.8k +125,799
22 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 440,000440.0k $6.2m $6.2m 0.00% Unchanged
23 Ally Bridge Group (NY) LLC 2.92% of their portfolio NEW YORK, NY 347,036347.0k $4.9m $4.9m 2.92% New
24 Checkpoint Capital L.P. 3.20% of their portfolio SAN FRANCISCO, CA 325,000325.0k $4.6m $4.6m 3.20% First filing
25 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 289,114289.1k $4.1m $4.1m 0.00% Added +4.1k +4,101
26 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 285,816285.8k $4.0m $4.0m 0.01% New
27 Knott David M Jr 1.36% of their portfolio SYOSSET, NY 251,850251.8k $3.6m $3.6m 1.36% Added +30.0k +30,000
28 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio Boston, MA 225,000225.0k $3.2m $3.2m 0.01% Reduced -1.5m -1,500,000
29 National Philanthropic Trust 0.08% of their portfolio Jenkintown, PA 219,296219.3k $3.1m $3.1m 0.08% First filing
30 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 204,534204.5k $2.9m $2.9m 0.00% Added +149.8k +149,808
31 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 196,554196.6k $2.8m $2.8m 0.00% Reduced -352.8k -352,816
32 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 154,585154.6k $2.2m $2.2m 0.00% Reduced -306.2k -306,218
33 Edge Wealth Management LLC 0.46% of their portfolio NEW YORK, NY 150,000150.0k $2.1m $2.1m 0.46% Unchanged
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 123,425123.4k $1.7m $1.7m 0.00% New
35 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 109,905109.9k $1.6m $1.6m 0.00% Added +88.2k +88,225
36 MAI Capital Management 0.02% of their portfolio INDEPENDENCE, OH 107,080107.1k $1.5m $1.5m 0.02% Added +61.9k +61,857
37 INVESTORS ASSET MANAGEMENT OF GEORGIA INC /GA/ /ADV 0.76% of their portfolio ATLANTA, GA 106,475106.5k $1.5m $1.5m 0.76% New
38 ADVISORY RESEARCH INC 0.23% of their portfolio CHICAGO, IL 104,654104.7k $1.5m $1.5m 0.23% Reduced -96.5k -96,455
39 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 96,40696.4k $1.4m $1.4m 0.00% Reduced -356.1k -356,066
40 SCHULHOFF & CO INC 0.65% of their portfolio CINCINNATI, OH 96,00096.0k $1.4m $1.4m 0.65% Unchanged
41 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 92,58392.6k $1.3m $1.3m 0.00% Reduced -1.8k -1,822
42 Cetera Advisors LLC 0.02% of their portfolio DENVER, CO 84,48684.5k $1.2m $1.2m 0.02% Reduced -3.4k -3,385
43 BlackRock Inc. 0.00% of their portfolio New York, NY 81,53281.5k $1.2m $1.2m 0.00% Added +3.0k +3,047
44 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 80,18280.2k $1.1m $1.1m 0.00% Added +969 +969
45 Lion Point Capital, LP 1.01% of their portfolio NEW YORK, NY 80,00080.0k $1.1m $1.1m 1.01% Unchanged
46 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 74,88174.9k $1.1m $1.1m 0.00% Added +2.3k +2,294
47 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 74,60074.6k $1.1m $1.1m 0.00% Unchanged
48 Caption Management, LLC 0.10% of their portfolio OKLAHOMA CITY, OK 65,10865.1k $919.3k $919.3k 0.10% Reduced -16.0k -15,992
49 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 63,62963.6k $898.4k $898.4k 0.00% Reduced -29.8k -29,799
50 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 63,14663.1k $891.6k $891.6k 0.02% Added +46.0k +45,982
51 GROUP ONE TRADING LLC 0.03% of their portfolio CHICAGO, IL 62,79962.8k $886.7k $886.7k 0.03% Added +56.6k +56,616
52 Polar Asset Management Partners Inc. 0.02% of their portfolio TORONTO, A6 59,50059.5k $840.1k $840.1k 0.02% New
53 IRIDIAN ASSET MANAGEMENT LLC/CT 0.14% of their portfolio WESTPORT, CT 53,45153.5k $754.7k $754.7k 0.14% Added +7.9k +7,865
54 State of Wyoming 0.13% of their portfolio CHEYENNE, WY 48,70448.7k $687.7k $687.7k 0.13% Added +6.9k +6,903
55 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 42,10642.1k $594.5k $594.5k 0.00% Added +11.8k +11,800
56 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 41,60041.6k $587.4k $587.4k 0.00% Added +24.3k +24,315
57 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 37,91137.9k $535.3k $535.3k 0.01% Reduced -2.0k -2,000
58 Diametric Capital, LP 0.31% of their portfolio BOSTON, MA 35,73935.7k $504.6k $504.6k 0.31% New
59 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 34,49134.5k $487.0k $487.0k 0.00% Reduced -187.4k -187,376
60 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 24,90024.9k $351.6k $351.6k 0.00% Added +900 +900
61 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 23,55723.6k $332.6k $332.6k 0.00% Added +3.4k +3,427
62 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 23,15023.1k $326.9k $326.9k 0.00% Added +1.2k +1,200
63 Aaron Wealth Advisors LLC 0.05% of their portfolio Chicago, IL 22,64222.6k $319.7k $319.7k 0.05% Unchanged
64 Carmichael Hill & Associates, Inc. 0.13% of their portfolio GAITHERSBURG, MD 21,00021.0k $296.5k $296.5k 0.13% Unchanged
65 ROYCE & ASSOCIATES LP 0.00% of their portfolio New York, NY 20,98121.0k $296.3k $296.3k 0.00% New
66 WOLVERINE TRADING, LLC 0.00% of their portfolio CHICAGO, IL 20,77620.8k $293.4k $293.4k 0.00% Added +6.0k +5,984
67 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 20,00020.0k $282.4k $282.4k 0.00% New
68 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 19,91219.9k $281.2k $281.2k 0.01% Reduced -33.7k -33,659
69 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 19,36019.4k $273.4k $273.4k 0.00% Reduced -28 -28
70 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 18,48218.5k $261.0k $261.0k 0.00% Added +163 +163
71 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 17,80217.8k $251.4k $251.4k 0.00% Reduced -1.7k -1,676
72 Blue Zone Wealth Advisors, LLC 0.10% of their portfolio LOS ANGELES, CA 17,00017.0k $240.0k $240.0k 0.10% Added +1.0k +1,000
73 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 16,28516.3k $229.9k $229.9k 0.01% Unchanged
74 ALGERT GLOBAL LLC 0.01% of their portfolio SAN FRANCISCO, CA 15,45015.4k $218.2k $218.2k 0.01% New
75 Shay Capital LLC 0.08% of their portfolio NEW YORK, NY 14,00014.0k $197.7k $197.7k 0.08% New
76 BUCKINGHAM STRATEGIC WEALTH, LLC 0.00% of their portfolio CLAYTON, MO 13,71013.7k $193.6k $193.6k 0.00% Reduced -800 -800
77 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 12,24312.2k $172.9k $172.9k 0.00% Added +451 +451
78 PRELUDE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 12,07612.1k $170.5k $170.5k 0.01% New
79 EXENCIAL WEALTH ADVISORS, LLC 0.01% of their portfolio OKLAHOMA CITY, OK 12,00012.0k $169.4k $169.4k 0.01% Unchanged
80 Compagnie Lombard Odier SCmA 0.00% of their portfolio 1204 GENEVA, V8 12,00012.0k $169.4k $169.4k 0.00% Unchanged
81 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 11,92111.9k $168.0k $168.0k 0.00% New
82 UBS Group AG 0.00% of their portfolio ZURICH, V8 11,30011.3k $159.6k $159.6k 0.00% Reduced -134 -134
83 China Universal Asset Management Co., Ltd. 0.03% of their portfolio SHANGHAI, F4 10,32710.3k $145.8k $145.8k 0.03% Added +8.0k +8,029
84 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 10,00010.0k $141.2k $141.2k 0.00% New
85 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 9,2479.2k $130.6k $130.6k 0.00% Reduced -9.3k -9,338
86 Quarry LP 0.06% of their portfolio NEW YORK, NY 8,5008.5k $120.0k $120.0k 0.06% New
87 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 6,4196.4k $90.6k $90.6k 0.00% Reduced -14.2k -14,178
88 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 5,9125.9k $83.5k $83.5k 0.00% Unchanged
89 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 4,0004.0k $56.5k $56.5k 0.00% Unchanged
90 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,5753.6k $50.0k $50.0k 0.00% Unchanged
91 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,5263.5k $49.8k $49.8k 0.00% Added +896 +896
92 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,7842.8k $39.3k $39.3k 0.00% Added +1.6k +1,625
93 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 2,5722.6k $36.3k $36.3k 0.00% Reduced -11.9k -11,945
94 SUMMIT SECURITIES GROUP LLC 0.01% of their portfolio NEW YORK, NY 2,4222.4k $34.0k $34.0k 0.01% New
95 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,3002.3k $32.5k $32.5k 0.00% Unchanged
96 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 2,0042.0k $28.3k $28.3k 0.00% Reduced -246 -246
97 ADAR1 Capital Management, LLC 0.01% of their portfolio AUSTIN, TX 2,0002.0k $28.2k $28.2k 0.01% First filing
98 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1,3001.3k $18.4k $18.4k 0.00% Unchanged
99 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 1,2561.3k $17.7k $17.7k 0.00% Unchanged
100 Hartford Financial Management Inc. 0.00% of their portfolio WEST HARTFORD, CT 1,0001.0k $14.1k $14.1k 0.00% Unchanged