Vault-13

AVADEL PHARMACEUTICALS PLC

SPONSORED ADR · CUSIP 05337M104

10 institutional holders -110 vs Q1 2024
7,025,0147.0m shares reported held*
$98.8mreported value*
2 new 1 added 1 reduced 111 sold out net sold ≈ $878.7m (-62.5m 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. Holder counts are more reliable. Implied quarter-end price ≈ $14.06.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 77Q4 22: 83Q1 23: 93Q2 23: 102Q3 23: 100Q4 23: 115Q1 24: 120Q2 24: 1010Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202277
Q4 202283
Q1 202393
Q2 2023102
Q3 2023100
Q4 2023115
Q1 2024120
Q2 202410

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 39 bought or addedQ4 22: 29 cut or sold outQ4 22Q1 23: 53 bought or addedQ1 23: 26 cut or sold outQ2 23: 56 bought or addedQ2 23: 40 cut or sold outQ2 23Q3 23: 49 bought or addedQ3 23: 42 cut or sold outQ4 23: 52 bought or addedQ4 23: 35 cut or sold outQ4 23Q1 24: 72 bought or addedQ1 24: 55 cut or sold outQ2 24: 3 bought or addedQ2 24: 112 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223929
Q1 20235326
Q2 20235640
Q3 20234942
Q4 20235235
Q1 20247255
Q2 20243112

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 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 1.86Q2 24 calls: $0Q2 24 puts: $0Q2 24P/C —
Numbers
QuarterCallsPutsP/C
Q3 2023$11.0m$3.4m0.31
Q4 2023$15.6m$5.0m0.32
Q1 2024$24.3m$45.1m1.86
Q2 2024$0$0—

Biggest buyers

Ameritas Investment Partners, Inc. New +9,055+9.1k
1620 INVESTMENT ADVISORS, INC. New +1,000+1.0k
Tri Locum Partners LP Added +7+7

Biggest sellers

JANUS HENDERSON GROUP PLC Sold out -12,915,160-12.9m
RTW INVESTMENTS, LP Sold out -8,798,558-8.8m
Polar Capital Holdings Plc Sold out -6,753,672-6.8m
GENDELL JEFFREY L Sold out -5,708,118-5.7m
BRAIDWELL LP Sold out -2,668,549-2.7m
WEALTH EFFECTS LLC Sold out -2,264,226-2.3m
MORGAN STANLEY Sold out -1,996,233-2.0m
ADAGE CAPITAL PARTNERS GP, L.L.C. Sold out -1,910,983-1.9m
MILLENNIUM MANAGEMENT LLC Sold out -1,812,317-1.8m
CITADEL ADVISORS LLC Sold out -1,563,890-1.6m

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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Vivo Capital, LLC 5.16% of their portfolio Palo Alto, CA 3,972,0994.0m $55.8m $55.8m 5.16% Unchanged
2 Tri Locum Partners LP 4.23% of their portfolio NEW YORK, NY 1,189,5181.2m $16.7m $16.7m 4.23% Added +7 +7
3 MPM BIOIMPACT LLC 1.71% of their portfolio BOSTON, MA 783,242783.2k $11.0m $11.0m 1.71% Reduced -87.9k -87,907
4 Knoll Capital Management, LLC 5.68% of their portfolio MIAMI, FL 600,000600.0k $8.4m $8.4m 5.68% Unchanged
5 Knott David M Jr 1.87% of their portfolio SYOSSET, NY 333,000333.0k $4.7m $4.7m 1.87% Unchanged
6 SCHULHOFF & CO INC 0.87% of their portfolio CINCINNATI, OH 137,000137.0k $1.9m $1.9m 0.87% Unchanged
7 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 9,0559.1k $127.3k $127.3k 0.00% New
8 1620 INVESTMENT ADVISORS, INC. 0.01% of their portfolio PLYMOUTH, MA 1,0001.0k $14.1k $14.1k 0.01% New
9 CWM, LLC 0.00% of their portfolio OMAHA, NE 9999 $1.0k $1.0k 0.00% Unchanged
10 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $16 $16 0.00% Unchanged