Vault-13

AVADEL PHARMACEUTICALS PLC

SPONSORED ADR · CUSIP 05337M104

120 institutional holders +5 vs Q4 2023
69,519,10569.5m shares reported held*
$1.2bnreported value*
31 new 41 added 28 reduced 27 sold out net bought ≈ $204.8m (+12.1m 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. Holder counts are more reliable. Implied quarter-end price ≈ $16.89. Options: 10 managers hold calls ($24.3m notional), 7 hold puts ($45.1m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 77Q4 22: 83Q1 23: 93Q2 23: 102Q3 23: 100Q4 23: 115Q1 24: 120120Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202277
Q4 202283
Q1 202393
Q2 2023102
Q3 2023100
Q4 2023115
Q1 2024120

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 23Q1 24: 72 bought or addedQ1 24: 55 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223929
Q1 20235326
Q2 20235640
Q3 20234942
Q4 20235235
Q1 20247255

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ2 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 0.32Q1 24 calls: $24.3mQ1 24 puts: $45.1mQ1 24P/C 1.86
Numbers
QuarterCallsPutsP/C
Q2 2023$21.6m$23.1m1.07
Q3 2023$11.0m$3.4m0.31
Q4 2023$15.6m$5.0m0.32
Q1 2024$24.3m$45.1m1.86

Biggest buyers

BRAIDWELL LP New +2,668,549+2.7m
RTW INVESTMENTS, LP Added +1,850,640+1.9m
JANUS HENDERSON GROUP PLC Added +1,789,830+1.8m
ADAGE CAPITAL PARTNERS GP, L.L.C. Added +1,685,983+1.7m
MILLENNIUM MANAGEMENT LLC Added +1,607,783+1.6m
CITADEL ADVISORS LLC Added +950,705+950.7k
Penn Capital Management Company, LLC New +686,606+686.6k
Altium Capital Management LLC New +553,057+553.1k
NEW YORK STATE COMMON RETIREMENT FUND New +399,551+399.6k
Parkman Healthcare Partners LLC New +387,770+387.8k

Biggest sellers

COWEN AND COMPANY, LLC Sold out -1,642,347-1.6m
Balyasny Asset Management L.P. Reduced -471,803-471.8k
Woodline Partners LP Reduced -351,888-351.9k
Point72 Asset Management, L.P. Sold out -285,816-285.8k
RENAISSANCE TECHNOLOGIES LLC Reduced -219,100-219.1k
MARSHALL WACE, LLP Sold out -154,585-154.6k
WEALTH EFFECTS LLC Reduced -152,100-152.1k
Vivo Capital, LLC Reduced -124,329-124.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -123,425-123.4k
D. E. Shaw & Co., Inc. Reduced -114,445-114.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $11.0m651.6k shares
JANE STREET GROUP, LLC Added $4.1m243.6k shares
GROUP ONE TRADING LLC Added $3.4m200.0k shares
CITADEL ADVISORS LLC Added $3.1m182.9k shares
SILVERBACK ASSET MANAGEMENT LLC Unchanged $1.7m100.0k shares
GTS SECURITIES LLC Reduced $667.2k39.5k shares
Point72 Asset Management, L.P. New $349.6k20.7k shares
Walleye Capital LLC New $25.3k1.5k shares
Blue Zone Wealth Advisors, LLC New $25315.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $29.6m1.8m shares
JANE STREET GROUP, LLC New $7.7m456.5k shares
CITADEL ADVISORS LLC Added $4.2m247.5k shares
GROUP ONE TRADING LLC Added $3.2m186.6k shares
Point72 Asset Management, L.P. New $326.0k19.3k shares
Caption Management, LLC New $152.0k9.0k 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANUS HENDERSON GROUP PLC 0.12% of their portfolio LONDON, X0 12,915,16012.9m $218.2m $218.2m 0.12% Added +1.8m +1,789,830
2 RTW INVESTMENTS, LP 2.19% of their portfolio NEW YORK, NY 8,798,5588.8m $148.6m $148.6m 2.19% Added +1.9m +1,850,640
3 Polar Capital Holdings Plc 0.60% of their portfolio London, X0 6,753,6726.8m $114.1m $114.1m 0.60% Added +1.9k +1,890
4 GENDELL JEFFREY L 3.72% of their portfolio Greenwich, CT 5,708,1185.7m $96.4m $96.4m 3.72% Added +92.8k +92,768
5 Vivo Capital, LLC 5.27% of their portfolio Palo Alto, CA 3,972,0994.0m $67.1m $67.1m 5.27% Reduced -124.3k -124,329
6 BRAIDWELL LP 1.45% of their portfolio STAMFORD, CT 2,668,5492.7m $45.1m $45.1m 1.45% New
7 WEALTH EFFECTS LLC 14.11% of their portfolio BOSTON, MA 2,264,2262.3m $38.2m $38.2m 14.11% Reduced -152.1k -152,100
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,996,2332.0m $33.7m $33.7m 0.00% Added +12.2k +12,239
9 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio Boston, MA 1,910,9831.9m $32.3m $32.3m 0.06% Added +1.7m +1,685,983
10 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 1,812,3171.8m $30.6m $30.6m 0.03% Added +1.6m +1,607,783
11 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 1,563,8901.6m $26.4m $26.4m 0.03% Added +950.7k +950,705
12 Woodline Partners LP 0.23% of their portfolio San Francisco, CA 1,500,5241.5m $25.3m $25.3m 0.23% Reduced -351.9k -351,888
13 BRANDES INVESTMENT PARTNERS, LP 0.32% of their portfolio LA JOLLA, CA 1,462,2251.5m $24.7m $24.7m 0.32% Reduced -71.4k -71,389
14 Tri Locum Partners LP 6.97% of their portfolio NEW YORK, NY 1,189,5111.2m $20.1m $20.1m 6.97% Added +349.6k +349,578
15 TANG CAPITAL MANAGEMENT LLC 1.84% of their portfolio SAN DIEGO, CA 1,047,2751.0m $17.7m $17.7m 1.84% Reduced -32.3k -32,253
16 SAMSARA BIOCAPITAL, LLC 2.53% of their portfolio PALO ALTO, CA 967,527967.5k $16.3m $16.3m 2.53% Unchanged
17 MPM BIOIMPACT LLC 2.38% of their portfolio BOSTON, MA 871,149871.1k $14.7m $14.7m 2.38% Added +206.2k +206,163
18 Checkpoint Capital L.P. 7.92% of their portfolio SAN FRANCISCO, CA 701,387701.4k $11.8m $11.8m 7.92% Added +376.4k +376,387
19 Penn Capital Management Company, LLC 1.03% of their portfolio PHILADELPHIA, PA 686,606686.6k $11.6m $11.6m 1.03% New
20 KENNEDY CAPITAL MANAGEMENT LLC 0.23% of their portfolio ST LOUIS, MO 653,147653.1k $11.0m $11.0m 0.23% Added +7.3k +7,273
21 Modera Wealth Management, LLC 0.15% of their portfolio WESTWOOD, NJ 600,449600.4k $10.1m $10.1m 0.15% Added +2.1k +2,057
22 Knoll Capital Management, LLC 6.30% of their portfolio MIAMI, FL 600,000600.0k $10.1m $10.1m 6.30% Unchanged
23 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 565,000565.0k $9.5m $9.5m 0.00% Added +125.0k +125,000
24 Altium Capital Management LLC 4.17% of their portfolio NEW YORK, NY 553,057553.1k $9.3m $9.3m 4.17% New
25 Ally Bridge Group (NY) LLC 5.14% of their portfolio NEW YORK, NY 547,036547.0k $9.2m $9.2m 5.14% Added +200.0k +200,000
26 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 406,006406.0k $6.9m $6.9m 0.01% Reduced -219.1k -219,100
27 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 399,551399.6k $6.7m $6.7m 0.01% New
28 Parkman Healthcare Partners LLC 0.80% of their portfolio STAMFORD, CT 387,770387.8k $6.5m $6.5m 0.80% New
29 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 386,466386.5k $6.5m $6.5m 0.01% New
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 374,203374.2k $6.3m $6.3m 0.00% Reduced -113.0k -113,048
31 Knott David M Jr 1.99% of their portfolio SYOSSET, NY 333,000333.0k $5.6m $5.6m 1.99% Added +81.2k +81,150
32 Schonfeld Strategic Advisors LLC 0.04% of their portfolio NEW YORK, NY 322,000322.0k $5.4m $5.4m 0.04% New
33 Two Seas Capital LP 1.05% of their portfolio RYE, NY 318,240318.2k $5.4m $5.4m 1.05% New
34 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 309,712309.7k $5.2m $5.2m 0.01% Reduced -471.8k -471,803
35 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 291,274291.3k $4.9m $4.9m 0.00% Added +2.2k +2,160
36 Obermeyer Wealth Partners 0.28% of their portfolio ASPEN, CO 279,494279.5k $4.7m $4.7m 0.28% New
37 Hudson Bay Capital Management LP 0.04% of their portfolio STAMFORD, CT 249,160249.2k $4.2m $4.2m 0.04% New
38 National Philanthropic Trust 0.08% of their portfolio Jenkintown, PA 219,296219.3k $3.7m $3.7m 0.08% Unchanged
39 Cubist Systematic Strategies, LLC 0.03% of their portfolio STAMFORD, CT 168,528168.5k $2.8m $2.8m 0.03% Added +159.3k +159,281
40 SCHULHOFF & CO INC 1.01% of their portfolio CINCINNATI, OH 137,000137.0k $2.3m $2.3m 1.01% Added +41.0k +41,000
41 Dorsey Wright & Associates 0.56% of their portfolio PASADENA, CA 127,640127.6k $2.2m $2.2m 0.56% New
42 Jump Financial, LLC 0.06% of their portfolio Chicago, IL 126,000126.0k $2.1m $2.1m 0.06% Added +106.1k +106,088
43 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 122,565122.6k $2.1m $2.1m 0.00% Added +119.0k +118,990
44 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 115,041115.0k $1.9m $1.9m 0.00% New
45 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 113,978114.0k $1.9m $1.9m 0.00% New
46 MAI Capital Management 0.02% of their portfolio INDEPENDENCE, OH 111,605111.6k $1.9m $1.9m 0.02% Added +4.5k +4,525
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 106,442106.4k $1.8m $1.8m 0.00% Added +10.0k +10,036
48 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 104,227104.2k $1.8m $1.8m 0.00% Added +11.6k +11,644
49 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 101,931101.9k $1.7m $1.7m 0.01% Added +27.1k +27,050
50 INVESTORS ASSET MANAGEMENT OF GEORGIA INC /GA/ /ADV 0.69% of their portfolio ATLANTA, GA 87,37587.4k $1.5m $1.5m 0.69% Reduced -19.1k -19,100
51 Lion Point Capital, LP 2.66% of their portfolio NEW YORK, NY 82,50082.5k $1.4m $1.4m 2.66% Added +2.5k +2,500
52 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 82,10982.1k $1.4m $1.4m 0.00% Reduced -114.4k -114,445
53 BlackRock Inc. 0.00% of their portfolio New York, NY 76,44276.4k $1.3m $1.3m 0.00% Reduced -5.1k -5,090
54 IRIDIAN ASSET MANAGEMENT LLC/CT 0.24% of their portfolio WESTPORT, CT 72,02572.0k $1.2m $1.2m 0.24% Added +18.6k +18,574
55 Polar Asset Management Partners Inc. 0.03% of their portfolio TORONTO, A6 69,70069.7k $1.2m $1.2m 0.03% Added +10.2k +10,200
56 GTS SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 65,81765.8k $1.1m $1.1m 0.03% Added +2.7k +2,671
57 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 62,60962.6k $1.1m $1.1m 0.00% Reduced -12.0k -11,991
58 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 58,93458.9k $981.8k $981.8k 0.00% Reduced -4.7k -4,695
59 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 56,60556.6k $956.1k $956.1k 0.00% Reduced -53.3k -53,300
60 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 55,75655.8k $941.7k $941.7k 0.01% Added +30.9k +30,856
61 ROYCE & ASSOCIATES LP 0.01% of their portfolio New York, NY 48,56248.6k $820.2k $820.2k 0.01% Added +27.6k +27,581
62 GSA CAPITAL PARTNERS LLP 0.06% of their portfolio LONDON, X0 47,59647.6k $804.0k $804.0k 0.06% New
63 State of Wyoming 0.12% of their portfolio CHEYENNE, WY 41,26741.3k $697.0k $697.0k 0.12% Reduced -7.4k -7,437
64 Edge Wealth Management LLC 0.14% of their portfolio NEW YORK, NY 40,00040.0k $675.6k $675.6k 0.14% Reduced -110.0k -110,000
65 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 39,30739.3k $664.0k $664.0k 0.00% Reduced -40.9k -40,875
66 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 37,09537.1k $626.5k $626.5k 0.01% Reduced -816 -816
67 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 36,84436.8k $622.3k $622.3k 0.00% Reduced -5.3k -5,262
68 Caption Management, LLC 0.07% of their portfolio OKLAHOMA CITY, OK 36,09636.1k $609.7k $609.7k 0.07% Reduced -29.0k -29,012
69 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 35,47535.5k $599.2k $599.2k 0.00% Added +984 +984
70 Diversify Advisory Services, LLC 0.03% of their portfolio SANDY, UT 32,36332.4k $539.2k $539.2k 0.03% First filing
71 AdvisorShares Investments LLC 0.09% of their portfolio BETHESDA, MD 31,76531.8k $536.5k $536.5k 0.09% New
72 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 25,74725.7k $434.9k $434.9k 0.00% Added +2.2k +2,190
73 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 24,87624.9k $420.2k $420.2k 0.00% New
74 TOWNSQUARE CAPITAL LLC 0.01% of their portfolio Lehi, UT 24,80024.8k $418.9k $418.9k 0.01% New
75 Aaron Wealth Advisors LLC 0.05% of their portfolio Chicago, IL 22,64222.6k $382.4k $382.4k 0.05% Unchanged
76 Cinctive Capital Management LP 0.02% of their portfolio New York, NY 21,74921.7k $367.3k $367.3k 0.02% New
77 Carmichael Hill & Associates, Inc. 0.15% of their portfolio GAITHERSBURG, MD 21,00021.0k $354.7k $354.7k 0.15% Unchanged
78 Quantbot Technologies LP 0.02% of their portfolio NEW YORK, NY 20,91520.9k $353.3k $353.3k 0.02% New
79 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 18,44718.4k $311.6k $311.6k 0.00% Reduced -35 -35
80 Blue Zone Wealth Advisors, LLC 0.10% of their portfolio LOS ANGELES, CA 18,00018.0k $304.0k $304.0k 0.10% Added +1.0k +1,000
81 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 17,40017.4k $293.9k $293.9k 0.00% Reduced -24.2k -24,200
82 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 16,36016.4k $276.3k $276.3k 0.00% Reduced -3.0k -3,000
83 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 16,10016.1k $271.9k $271.9k 0.00% Reduced -7.0k -7,050
84 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 15,32915.3k $258.9k $258.9k 0.00% New
85 EXENCIAL WEALTH ADVISORS, LLC 0.01% of their portfolio OKLAHOMA CITY, OK 15,30015.3k $258.4k $258.4k 0.01% Added +3.3k +3,300
86 BUCKINGHAM STRATEGIC WEALTH, LLC 0.00% of their portfolio CLAYTON, MO 13,71013.7k $231.6k $231.6k 0.00% Unchanged
87 UBS Group AG 0.00% of their portfolio ZURICH, V8 13,53013.5k $228.5k $228.5k 0.00% Added +2.2k +2,230
88 Compagnie Lombard Odier SCmA 0.00% of their portfolio 1204 GENEVA, V8 12,00012.0k $202.7k $202.7k 0.00% Unchanged
89 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 11,44311.4k $193.3k $193.3k 0.00% Reduced -6.4k -6,359
90 WRAPMANAGER INC 0.05% of their portfolio MILL VALLEY, CA 10,63710.6k $179.7k $179.7k 0.05% New
91 Claro Advisors Inc. 0.03% of their portfolio BOSTON, MA 10,16510.2k $171.7k $171.7k 0.03% New
92 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 10,00010.0k $168.9k $168.9k 0.00% Unchanged
93 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 9,7859.8k $165.3k $165.3k 0.00% New
94 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 5,2585.3k $88.8k $88.8k 0.00% Reduced -1.2k -1,161
95 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,6634.7k $78.8k $78.8k 0.00% Added +1.1k +1,137
96 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 4,4694.5k $75.5k $75.5k 0.00% Added +1.7k +1,685
97 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 4,0004.0k $67.6k $67.6k 0.01% Unchanged
98 CHILTON CAPITAL MANAGEMENT LLC 0.00% of their portfolio HOUSTON, TX 3,0003.0k $50.7k $50.7k 0.00% New
99 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,3002.3k $38.8k $38.8k 0.00% Unchanged
100 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 1,5451.5k $26.1k $26.1k 0.00% Added +289 +289