Vault-13

AVIDXCHANGE HOLDINGS INC AVDX

COM · Common Stock · CUSIP 05368X102

221 institutional holders +11 vs Q1 2025
159,199,231159.2m shares reported held*
$1.6bnreported value*
70 new 63 added 60 reduced 61 sold out net bought ≈ $3.4m (+343.1k 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 ($1.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.79. Options: 5 managers hold calls ($909.5k notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 123Q4 22: 133Q1 23: 156Q2 23: 160Q3 23: 171Q4 23: 187Q1 24: 194Q2 24: 186Q3 24: 192Q4 24: 203Q1 25: 210Q2 25: 221221Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022123
Q4 2022133
Q1 2023156
Q2 2023160
Q3 2023171
Q4 2023187
Q1 2024194
Q2 2024186
Q3 2024192
Q4 2024203
Q1 2025210
Q2 2025221

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 98 bought or addedQ3 23: 65 cut or sold outQ4 23: 99 bought or addedQ4 23: 73 cut or sold outQ4 23Q1 24: 107 bought or addedQ1 24: 82 cut or sold outQ2 24: 102 bought or addedQ2 24: 88 cut or sold outQ2 24Q3 24: 104 bought or addedQ3 24: 95 cut or sold outQ4 24: 114 bought or addedQ4 24: 80 cut or sold outQ4 24Q1 25: 103 bought or addedQ1 25: 96 cut or sold outQ2 25: 133 bought or addedQ2 25: 121 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20239865
Q4 20239973
Q1 202410782
Q2 202410288
Q3 202410495
Q4 202411480
Q1 202510396
Q2 2025133121

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ3 24 calls: $5.0mQ3 24 puts: $365.6kQ3 24P/C 0.07Q4 24 calls: $6.6mQ4 24 puts: $167.5kQ4 24P/C 0.03Q1 25 calls: $5.3mQ1 25 puts: $298.5kQ1 25P/C 0.06Q2 25 calls: $909.5kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$5.0m$365.6k0.07
Q4 2024$6.6m$167.5k0.03
Q1 2025$5.3m$298.5k0.06
Q2 2025$909.5k$00.00

Biggest buyers

Magnetar Financial LLC New +8,447,908+8.4m
FIL Ltd New +8,257,839+8.3m
GLAZER CAPITAL, LLC New +5,125,000+5.1m
NEXPOINT ASSET MANAGEMENT, L.P. New +5,084,553+5.1m
AQR Arbitrage LLC New +4,510,390+4.5m
TIG Advisors, LLC New +4,214,928+4.2m
Polar Asset Management Partners Inc. New +3,756,608+3.8m
First Trust Capital Management L.P. New +3,643,918+3.6m
Beryl Capital Management LLC New +2,933,734+2.9m
ALLIANCEBERNSTEIN L.P. Added +2,644,719+2.6m

Biggest sellers

FMR LLC Reduced -19,081,065-19.1m
Greenhouse Funds LLLP Sold out -10,675,410-10.7m
North Reef Capital Management LP Sold out -8,675,000-8.7m
Senvest Management, LLC Sold out -4,048,665-4.0m
BAIN CAPITAL VENTURE INVESTORS, LLC Sold out -3,469,949-3.5m
FOUNDRY GROUP NEXT, LLC Sold out -2,486,791-2.5m
JACOBS LEVY EQUITY MANAGEMENT, INC Sold out -2,296,244-2.3m
Balyasny Asset Management L.P. Reduced -1,830,937-1.8m
Bank of New York Mellon Corp Reduced -1,714,805-1.7m
Thrivent Financial for Lutherans Sold out -1,609,370-1.6m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $418.0k42.7k shares
GROUP ONE TRADING LLC Added $282.0k28.8k shares
CITADEL ADVISORS LLC Reduced $207.5k21.2k shares
SIMPLEX TRADING, LLC Reduced $2.0k300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

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.

HolderStakeChangeShares Last filed
GLAZER CAPITAL, LLC 13G · passive investor new · filed 2025-10-10 6.1% new 12.6m 2025-10-10

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 17,090,74217.1m $167.3m $167.3m 0.00% Reduced -1.1m -1,146,095
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 12,946,52012.9m $126.7m $126.7m 0.00% Reduced -218.2k -218,231
3 Magnetar Financial LLC 0.40% of their portfolio EVANSTON, IL 8,447,9088.4m $82.7m $82.7m 0.40% New
4 FIL Ltd 0.07% of their portfolio HAMILTON, D0 8,257,8398.3m $80.8m $80.8m 0.07% New
5 GLAZER CAPITAL, LLC 1.79% of their portfolio New York, NY 5,125,0005.1m $50.2m $50.2m 1.79% New
6 NEXPOINT ASSET MANAGEMENT, L.P. 4.74% of their portfolio Dallas, TX 5,084,5535.1m $49.8m $49.8m 4.74% New
7 AQR Arbitrage LLC 1.03% of their portfolio Greenwich, CT 4,510,3904.5m $44.2m $44.2m 1.03% New
8 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 4,303,9464.3m $42.1m $42.1m 0.00% Reduced -52.0k -51,991
9 TIG Advisors, LLC 2.25% of their portfolio New York, NY 4,214,9284.2m $41.3m $41.3m 2.25% New
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,998,3194.0m $39.1m $39.1m 0.00% Added +43.9k +43,945
11 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 3,831,6273.8m $37.5m $37.5m 0.01% Added +30.0k +30,039
12 Polar Asset Management Partners Inc. 0.92% of their portfolio TORONTO, A6 3,756,6083.8m $36.8m $36.8m 0.92% New
13 First Trust Capital Management L.P. 2.41% of their portfolio CHICAGO, IL 3,643,9183.6m $35.7m $35.7m 2.41% New
14 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 3,309,3093.3m $32.4m $32.4m 0.01% Added +2.6m +2,644,719
15 PAR CAPITAL MANAGEMENT INC 1.06% of their portfolio BOSTON, MA 3,300,0003.3m $32.3m $32.3m 1.06% Unchanged
16 Biltmore Family Office, LLC 4.94% of their portfolio CHARLOTTE, NC 2,984,1493.0m $29.2m $29.2m 4.94% Unchanged
17 Beryl Capital Management LLC 4.33% of their portfolio REDONDO BEACH, CA 2,933,7342.9m $28.7m $28.7m 4.33% New
18 TREMBLANT CAPITAL GROUP 2.59% of their portfolio WEST PALM BEACH, FL 2,740,4592.7m $26.8m $26.8m 2.59% Reduced -656.4k -656,421
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,674,2342.7m $26.2m $26.2m 0.00% Added +2.3m +2,327,268
20 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 2,297,6342.3m $22.5m $22.5m 0.02% Added +2.1m +2,120,074
21 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 2,260,4412.3m $22.1m $22.1m 0.01% Reduced -911.2k -911,193
22 ALPINE ASSOCIATES MANAGEMENT INC. 1.18% of their portfolio PALM BEACH, FL 2,255,1002.3m $22.1m $22.1m 1.18% New
23 SOROS FUND MANAGEMENT LLC 0.35% of their portfolio NEW YORK, NY 2,079,5672.1m $20.4m $20.4m 0.35% New
24 Unisphere Establishment 0.16% of their portfolio VADUZ, N2 2,040,3162.0m $20.0m $20.0m 0.16% Unchanged
25 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 2,028,5322.0m $19.9m $19.9m 0.01% Added +1.0m +1,022,029
26 WATER ISLAND CAPITAL LLC 3.36% of their portfolio NEW YORK, NY 1,961,3342.0m $19.2m $19.2m 3.36% New
27 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 1,910,4001.9m $18.7m $18.7m 0.02% Added +1.8m +1,771,500
28 SAPPHIRE VENTURES, L.P. 20.19% of their portfolio Austin, TX 1,866,2481.9m $18.3m $18.3m 20.19% Reduced -1.0m -1,031,000
29 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 1,728,7851.7m $16.9m $16.9m 0.01% Reduced -977.9k -977,879
30 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,597,8221.6m $15.6m $15.6m 0.00% Reduced -16.0k -16,007
31 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 1,566,1761.6m $15.3m $15.3m 0.03% Reduced -1.8m -1,830,937
32 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 1,503,2891.5m $14.7m $14.7m 0.00% Reduced -4.4k -4,424
33 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,369,4201.4m $13.4m $13.4m 0.00% Added +558.3k +558,271
34 PICTON MAHONEY ASSET MANAGEMENT 0.17% of their portfolio Toronto, A6 1,250,0001.2m $12.2m $12.2m 0.17% New
35 GABELLI FUNDS LLC 0.08% of their portfolio Rye, NY 1,193,3501.2m $11.7m $11.7m 0.08% New
36 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,154,0181.2m $11.3m $11.3m 0.00% Reduced -1.7m -1,714,805
37 Grantham, Mayo, Van Otterloo & Co. LLC 0.03% of their portfolio Boston, MA 1,050,4101.1m $10.3m $10.3m 0.03% New
38 OMERS ADMINISTRATION Corp 0.08% of their portfolio TORONTO, A6 1,042,5001.0m $10.2m $10.2m 0.08% New
39 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 1,000,0001.0m $9.8m $9.8m 0.04% New
40 Man Group plc 0.02% of their portfolio LONDON, X0 924,031924.0k $9.0m $9.0m 0.02% New
41 GABELLI & Co INVESTMENT ADVISERS, INC. 1.28% of their portfolio Rye, NY 849,207849.2k $8.3m $8.3m 1.28% New
42 Capitolis Liquid Global Markets LLC 0.06% of their portfolio NEW YORK, NY 827,400827.4k $8.1m $8.1m 0.06% New
43 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 776,328776.3k $7.6m $7.6m 0.00% Added +211.1k +211,139
44 KRYGER CAPITAL Ltd 1.37% of their portfolio LONDON, X0 756,907756.9k $7.4m $7.4m 1.37% New
45 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio JUPITER, FL 738,379738.4k $7.2m $7.2m 0.03% Reduced -217.7k -217,715
46 Advantage Alpha Capital Partners LP 1.90% of their portfolio SAN FRANCISCO, CA 719,802719.8k $7.0m $7.0m 1.90% Reduced -136.6k -136,648
47 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 654,239654.2k $6.4m $6.4m 0.00% Added +185.2k +185,202
48 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 648,509648.5k $6.3m $6.3m 0.00% Reduced -426.7k -426,732
49 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 591,928591.9k $5.8m $5.8m 0.01% Added +360.7k +360,674
50 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 552,873552.9k $5.4m $5.4m 0.00% Reduced -77.9k -77,941
51 HERALD INVESTMENT MANAGEMENT Ltd 0.73% of their portfolio LONDON, X0 500,000500.0k $4.9m $4.9m 0.73% Unchanged
52 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 490,824490.8k $4.8m $4.8m 0.03% Added +338.3k +338,262
53 KING LUTHER CAPITAL MANAGEMENT CORP 0.02% of their portfolio FORT WORTH, TX 451,632451.6k $4.4m $4.4m 0.02% Reduced -275.1k -275,080
54 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 399,645399.6k $3.9m $3.9m 0.02% Added +319.6k +319,570
55 UBS Group AG 0.00% of their portfolio ZURICH, V8 388,808388.8k $3.8m $3.8m 0.00% Reduced -577.7k -577,744
56 TWINBEECH CAPITAL LP 0.08% of their portfolio PURCHASE, NY 357,025357.0k $3.5m $3.5m 0.08% New
57 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 356,259356.3k $3.5m $3.5m 0.00% Reduced -23.2k -23,249
58 New York Life Investment Management LLC 0.03% of their portfolio New York, NY 342,156342.2k $3.3m $3.3m 0.03% New
59 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 333,913333.9k $3.3m $3.3m 0.00% Added +108.5k +108,531
60 Swiss National Bank 0.00% of their portfolio ZURICH, V8 332,100332.1k $3.3m $3.3m 0.00% Reduced -6.7k -6,700
61 PDT Partners, LLC 0.18% of their portfolio New York, NY 321,493321.5k $3.1m $3.1m 0.18% Added +11.8k +11,800
62 Sagefield Capital LP 0.43% of their portfolio DALLAS, TX 310,900310.9k $3.0m $3.0m 0.43% New
63 FMR LLC 0.00% of their portfolio BOSTON, MA 277,694277.7k $2.7m $2.7m 0.00% Reduced -19.1m -19,081,065
64 Circumference Group LLC 2.79% of their portfolio Little Rock, AR 275,000275.0k $2.7m $2.7m 2.79% Reduced -95.0k -95,000
65 Vestcor Inc 0.08% of their portfolio FREDERICTON, A3 266,032266.0k $2.6m $2.6m 0.08% New
66 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 256,185256.2k $2.5m $2.5m 0.00% Added +12.9k +12,924
67 Centiva Capital, LP 0.16% of their portfolio New York, NY 250,000250.0k $2.4m $2.4m 0.16% New
68 OXFORD ASSET MANAGEMENT LLP 0.78% of their portfolio OXFORD, X0 243,202243.2k $2.4m $2.4m 0.78% Not comparable
69 Skandinaviska Enskilda Banken AB (publ) 0.01% of their portfolio STOCKHOLM, V7 239,330239.3k $2.3m $2.3m 0.01% New
70 Brevan Howard Capital Management LP 0.03% of their portfolio ST. HELIER, Y9 235,325235.3k $2.3m $2.3m 0.03% Added +156.1k +156,082
71 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 226,636226.6k $2.2m $2.2m 0.00% Reduced -18.2k -18,199
72 Groupe la Francaise 0.04% of their portfolio PARIS, I0 225,000225.0k $2.2m $2.2m 0.04% New
73 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 224,145224.1k $2.2m $2.2m 0.00% Added +112.8k +112,774
74 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 216,090216.1k $2.1m $2.1m 0.00% Added +165.0k +165,003
75 Carmignac Gestion 0.03% of their portfolio PARIS, I0 214,818214.8k $2.1m $2.1m 0.03% New
76 Yakira Capital Management, Inc. 0.77% of their portfolio Westport, CT 212,856212.9k $2.1m $2.1m 0.77% New
77 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 209,568209.6k $2.1m $2.1m 0.00% Reduced -223.8k -223,805
78 Legal & General Group Plc 0.00% of their portfolio London, X0 208,806208.8k $2.0m $2.0m 0.00% Added +14.1k +14,057
79 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 207,900207.9k $2.0m $2.0m 0.02% Added +193.1k +193,133
80 GAMCO INVESTORS, INC. ET AL 0.02% of their portfolio GREENWICH, CT 204,000204.0k $2.0m $2.0m 0.02% New
81 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 199,688199.7k $2.0m $2.0m 0.01% New
82 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 194,316194.3k $1.9m $1.9m 0.00% Added +14.3k +14,289
83 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 193,571193.6k $1.9m $1.9m 0.01% Reduced -18.5k -18,547
84 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 187,253187.3k $1.8m $1.8m 0.00% Reduced -2.1k -2,060
85 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 181,562181.6k $1.8m $1.8m 0.00% Added +11.6k +11,551
86 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 166,665166.7k $1.6m $1.6m 0.00% Added +66.6k +66,628
87 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 151,764151.8k $1.5m $1.5m 0.00% Added +12.9k +12,927
88 CREDIT INDUSTRIEL ET COMMERCIAL 0.23% of their portfolio PARIS FRANCE, I0 150,000150.0k $1.5m $1.5m 0.23% New
89 Neo Ivy Capital Management 0.46% of their portfolio NEW YORK, NY 147,848147.8k $1.4m $1.4m 0.46% New
90 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 146,880146.9k $1.4m $1.4m 0.00% Added +120.6k +120,594
91 Burren Capital Advisors Ltd 4.00% of their portfolio Gibraltar, J1 139,842139.8k $1.4m $1.4m 4.00% New
92 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 132,211132.2k $1.3m $1.3m 0.00% Reduced -957.1k -957,103
93 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 129,244129.2k $1.3m $1.3m 0.00% Reduced -1.5m -1,457,863
94 HARVEST MANAGEMENT LLC 0.59% of their portfolio New York, NY 125,000125.0k $1.2m $1.2m 0.59% New
95 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 119,400119.4k $1.2m $1.2m 0.00% Unchanged
96 PRELUDE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio NEW YORK, NY 114,226114.2k $1.1m $1.1m 0.11% Added +98.2k +98,250
97 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 105,076105.1k $1.0m $1.0m 0.01% Unchanged
98 CEERA INVESTMENTS, LLC 0.31% of their portfolio BELLAIRE, TX 104,520104.5k $1.0m $1.0m 0.31% Added +73.8k +73,820
99 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 101,065101.1k $989.4k $989.4k 0.00% Reduced -41.0k -41,003
100 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 100,057100.1k $979.6k $979.6k 0.02% New