Vault-13

AVIDXCHANGE HOLDINGS INC AVDX

COM · Common Stock · CUSIP 05368X102

200 institutional holders -21 vs Q2 2025
166,562,030166.6m shares reported held*
$1.7bnreported value*
20 new 74 added 56 reduced 39 sold out net bought ≈ $72.0m (+7.2m 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 ($249.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.95. Options: 3 managers hold calls ($3.1m notional), 2 hold puts ($281.6k).

Trends to Q3 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: 221Q3 25: 200200Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025200

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 99 bought or addedQ4 23: 73 cut or sold outQ1 24: 107 bought or addedQ1 24: 82 cut or sold outQ1 24Q2 24: 102 bought or addedQ2 24: 88 cut or sold outQ3 24: 104 bought or addedQ3 24: 95 cut or sold outQ3 24Q4 24: 114 bought or addedQ4 24: 80 cut or sold outQ1 25: 103 bought or addedQ1 25: 96 cut or sold outQ1 25Q2 25: 133 bought or addedQ2 25: 121 cut or sold outQ3 25: 94 bought or addedQ3 25: 95 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20239973
Q1 202410782
Q2 202410288
Q3 202410495
Q4 202411480
Q1 202510396
Q2 2025133121
Q3 20259495

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ4 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 0.00Q3 25 calls: $3.1mQ3 25 puts: $281.6kQ3 25P/C 0.09
Numbers
QuarterCallsPutsP/C
Q4 2024$6.6m$167.5k0.03
Q1 2025$5.3m$298.5k0.06
Q2 2025$909.5k$00.00
Q3 2025$3.1m$281.6k0.09

Biggest buyers

UBS Group AG Added +8,697,707+8.7m
NEXPOINT ASSET MANAGEMENT, L.P. Added +3,784,507+3.8m
GLAZER CAPITAL, LLC Added +3,423,774+3.4m
Grantham, Mayo, Van Otterloo & Co. LLC Added +1,786,179+1.8m
ALLIANCEBERNSTEIN L.P. Added +1,518,237+1.5m
WATER ISLAND CAPITAL LLC Added +921,533+921.5k
PICTON MAHONEY ASSET MANAGEMENT Added +850,000+850.0k
AQR Arbitrage LLC Added +758,512+758.5k
MILLENNIUM MANAGEMENT LLC Added +732,168+732.2k
Yakira Capital Management, Inc. Added +522,542+522.5k

Biggest sellers

Beryl Capital Management LLC Sold out -2,933,734-2.9m
TREMBLANT CAPITAL GROUP Sold out -2,740,459-2.7m
SOROS FUND MANAGEMENT LLC Sold out -2,079,567-2.1m
RENAISSANCE TECHNOLOGIES LLC Sold out -1,910,400-1.9m
JENNISON ASSOCIATES LLC Reduced -1,587,311-1.6m
DIMENSIONAL FUND ADVISORS LP Reduced -1,288,557-1.3m
TIG Advisors, LLC Reduced -920,297-920.3k
Capitolis Liquid Global Markets LLC Sold out -827,400-827.4k
Bank of New York Mellon Corp Reduced -627,964-628.0k
HRT FINANCIAL LP Sold out -490,824-490.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m290.2k shares
SIMPLEX TRADING, LLC Added $195.0k19.6k shares
GROUP ONE TRADING LLC Reduced $59.7k6.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $275.6k27.7k shares
SIMPLEX TRADING, LLC New $6.0k700 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 16,923,32116.9m $168.4m $168.4m 0.00% Reduced -167.4k -167,421
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 12,893,16112.9m $128.3m $128.3m 0.00% Reduced -53.4k -53,359
3 UBS Group AG 0.02% of their portfolio ZURICH, V8 9,086,5159.1m $90.4m $90.4m 0.02% Added +8.7m +8,697,707
4 NEXPOINT ASSET MANAGEMENT, L.P. 7.85% of their portfolio Dallas, TX 8,869,0608.9m $88.2m $88.2m 7.85% Added +3.8m +3,784,507
5 GLAZER CAPITAL, LLC 2.86% of their portfolio New York, NY 8,548,7748.5m $85.1m $85.1m 2.86% Added +3.4m +3,423,774
6 Magnetar Financial LLC 0.51% of their portfolio EVANSTON, IL 8,466,9578.5m $84.2m $84.2m 0.51% Added +19.0k +19,049
7 FIL Ltd 0.07% of their portfolio HAMILTON, D0 8,307,9508.3m $82.7m $82.7m 0.07% Added +50.1k +50,111
8 AQR Arbitrage LLC 1.33% of their portfolio Greenwich, CT 5,268,9025.3m $52.4m $52.4m 1.33% Added +758.5k +758,512
9 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 4,827,5464.8m $48.0m $48.0m 0.02% Added +1.5m +1,518,237
10 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 4,331,5374.3m $43.1m $43.1m 0.00% Added +27.6k +27,591
11 Polar Asset Management Partners Inc. 0.86% of their portfolio TORONTO, A6 4,256,6084.3m $42.4m $42.4m 0.86% Added +500.0k +500,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,976,3794.0m $39.6m $39.6m 0.00% Reduced -21.9k -21,940
13 First Trust Capital Management L.P. 2.15% of their portfolio CHICAGO, IL 3,343,9183.3m $33.3m $33.3m 2.15% Reduced -300.0k -300,000
14 PAR CAPITAL MANAGEMENT INC 0.97% of their portfolio BOSTON, MA 3,299,2923.3m $32.8m $32.8m 0.97% Reduced -708 -708
15 TIG Advisors, LLC 2.02% of their portfolio New York, NY 3,294,6313.3m $32.8m $32.8m 2.02% Reduced -920.3k -920,297
16 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 3,029,8023.0m $30.1m $30.1m 0.02% Added +732.2k +732,168
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,006,4563.0m $29.9m $29.9m 0.00% Added +332.2k +332,222
18 Biltmore Family Office, LLC 4.22% of their portfolio CHARLOTTE, NC 2,984,1493.0m $29.7m $29.7m 4.22% Unchanged
19 WATER ISLAND CAPITAL LLC 4.11% of their portfolio NEW YORK, NY 2,882,8672.9m $28.7m $28.7m 4.11% Added +921.5k +921,533
20 Grantham, Mayo, Van Otterloo & Co. LLC 0.08% of their portfolio Boston, MA 2,836,5892.8m $28.2m $28.2m 0.08% Added +1.8m +1,786,179
21 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 2,543,0702.5m $25.3m $25.3m 0.01% Reduced -1.3m -1,288,557
22 ALPINE ASSOCIATES MANAGEMENT INC. 1.37% of their portfolio PALM BEACH, FL 2,255,1002.3m $22.4m $22.4m 1.37% Unchanged
23 PICTON MAHONEY ASSET MANAGEMENT 0.27% of their portfolio Toronto, A6 2,100,0002.1m $20.9m $20.9m 0.27% Added +850.0k +850,000
24 Unisphere Establishment 0.16% of their portfolio VADUZ, N2 2,040,3162.0m $20.3m $20.3m 0.16% Unchanged
25 SAPPHIRE VENTURES, L.P. 21.94% of their portfolio Austin, TX 1,866,2481.9m $18.6m $18.6m 21.94% Unchanged
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,813,7821.8m $18.0m $18.0m 0.00% Added +444.4k +444,362
27 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 1,736,7021.7m $17.3m $17.3m 0.01% Reduced -291.8k -291,830
28 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 1,728,7851.7m $17.2m $17.2m 0.01% Unchanged
29 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,580,3651.6m $15.7m $15.7m 0.00% Reduced -17.5k -17,457
30 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 1,522,7861.5m $15.2m $15.2m 0.00% Added +19.5k +19,497
31 GABELLI FUNDS LLC 0.10% of their portfolio Rye, NY 1,496,6501.5m $14.9m $14.9m 0.10% Added +303.3k +303,300
32 OMERS ADMINISTRATION Corp 0.11% of their portfolio TORONTO, A6 1,482,5001.5m $14.8m $14.8m 0.11% Added +440.0k +440,000
33 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 1,281,8461.3m $12.8m $12.8m 0.03% Reduced -284.3k -284,330
34 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 1,000,0001.0m $9.9m $9.9m 0.04% Unchanged
35 Man Group plc 0.02% of their portfolio LONDON, X0 926,141926.1k $9.2m $9.2m 0.02% Added +2.1k +2,110
36 GABELLI & Co INVESTMENT ADVISERS, INC. 1.47% of their portfolio Rye, NY 918,312918.3k $9.1m $9.1m 1.47% Added +69.1k +69,105
37 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 913,336913.3k $9.1m $9.1m 0.00% Added +137.0k +137,008
38 KRYGER CAPITAL Ltd 0.87% of their portfolio LONDON, X0 755,250755.2k $7.5m $7.5m 0.87% Reduced -1.7k -1,657
39 Yakira Capital Management, Inc. 2.72% of their portfolio Westport, CT 735,398735.4k $7.3m $7.3m 2.72% Added +522.5k +522,542
40 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 728,603728.6k $7.2m $7.2m 0.00% Added +80.1k +80,094
41 Advantage Alpha Capital Partners LP 2.05% of their portfolio SAN FRANCISCO, CA 685,238685.2k $6.8m $6.8m 2.05% Reduced -34.6k -34,564
42 JENNISON ASSOCIATES LLC 0.00% of their portfolio NEW YORK, NY 673,130673.1k $6.7m $6.7m 0.00% Reduced -1.6m -1,587,311
43 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 537,239537.2k $5.3m $5.3m 0.00% Reduced -15.6k -15,634
44 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 526,054526.1k $5.2m $5.2m 0.00% Reduced -628.0k -627,964
45 HERALD INVESTMENT MANAGEMENT Ltd 0.66% of their portfolio LONDON, X0 500,000500.0k $5.0m $5.0m 0.66% Unchanged
46 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 476,437476.4k $4.7m $4.7m 0.01% Reduced -115.5k -115,491
47 Absolute Gestao de Investimentos Ltda. 0.59% of their portfolio SAO PAULO, D5 451,998452.0k $4.5m $4.5m 0.59% New
48 KING LUTHER CAPITAL MANAGEMENT CORP 0.02% of their portfolio FORT WORTH, TX 451,632451.6k $4.5m $4.5m 0.02% Unchanged
49 HARVEST MANAGEMENT LLC 2.18% of their portfolio New York, NY 446,500446.5k $4.4m $4.4m 2.18% Added +321.5k +321,500
50 GAMCO INVESTORS, INC. ET AL 0.04% of their portfolio GREENWICH, CT 439,000439.0k $4.4m $4.4m 0.04% Added +235.0k +235,000
51 Y-Intercept (Hong Kong) Ltd 0.10% of their portfolio HONG KONG, K3 423,615423.6k $4.2m $4.2m 0.10% Added +334.8k +334,823
52 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio JUPITER, FL 400,257400.3k $4.0m $4.0m 0.01% Reduced -338.1k -338,122
53 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 389,614389.6k $3.9m $3.9m 0.00% Reduced -264.6k -264,625
54 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 377,534377.5k $3.8m $3.8m 0.01% Added +168.0k +167,966
55 Carmignac Gestion 0.06% of their portfolio PARIS, I0 375,768375.8k $3.7m $3.7m 0.06% Added +160.9k +160,950
56 New York Life Investment Management LLC 0.03% of their portfolio New York, NY 361,097361.1k $3.6m $3.6m 0.03% Added +18.9k +18,941
57 Swiss National Bank 0.00% of their portfolio ZURICH, V8 340,300340.3k $3.4m $3.4m 0.00% Added +8.2k +8,200
58 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 315,160315.2k $3.1m $3.1m 0.00% Added +91.0k +91,015
59 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 284,640284.6k $2.8m $2.8m 0.00% Added +272.5k +272,532
60 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 284,174284.2k $2.8m $2.8m 0.00% Added +68.1k +68,084
61 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 271,825271.8k $2.7m $2.7m 0.00% Reduced -84.4k -84,434
62 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 269,784269.8k $2.7m $2.7m 0.00% Reduced -64.1k -64,129
63 Vestcor Inc 0.08% of their portfolio FREDERICTON, A3 266,032266.0k $2.6m $2.6m 0.08% Unchanged
64 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 248,532248.5k $2.5m $2.5m 0.00% Reduced -7.7k -7,653
65 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 248,125248.1k $2.5m $2.5m 0.00% Added +21.5k +21,489
66 AlphaQuest LLC 0.16% of their portfolio New York, NY 244,346244.3k $2.4m $2.4m 0.16% Added +198.8k +198,805
67 Skandinaviska Enskilda Banken AB (publ) 0.01% of their portfolio STOCKHOLM, V7 239,330239.3k $2.4m $2.4m 0.01% Unchanged
68 Varenne Capital Partners 0.48% of their portfolio PARIS, I0 228,987229.0k $2.3m $2.3m 0.48% Added +228.8k +228,816
69 Groupe la Francaise 0.03% of their portfolio PARIS, I0 225,000225.0k $2.2m $2.2m 0.03% Unchanged
70 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 215,829215.8k $2.1m $2.1m 0.01% Added +16.1k +16,141
71 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 214,638214.6k $2.1m $2.1m 0.01% Added +21.1k +21,067
72 Legal & General Group Plc 0.00% of their portfolio London, X0 211,033211.0k $2.1m $2.1m 0.00% Added +2.2k +2,227
73 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 208,339208.3k $2.1m $2.1m 0.00% Added +169.8k +169,800
74 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 204,616204.6k $2.0m $2.0m 0.00% Added +23.1k +23,054
75 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 193,600193.6k $1.9m $1.9m 0.01% Added +110.0k +110,000
76 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 171,513171.5k $1.7m $1.7m 0.02% Added +71.5k +71,456
77 ABC ARBITRAGE SA 0.16% of their portfolio PARIS, I0 167,369167.4k $1.7m $1.7m 0.16% New
78 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 165,230165.2k $1.6m $1.6m 0.00% Reduced -22.0k -22,023
79 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 160,682160.7k $1.6m $1.6m 0.00% Added +8.9k +8,918
80 FMR LLC 0.00% of their portfolio BOSTON, MA 160,245160.2k $1.6m $1.6m 0.00% Reduced -117.4k -117,449
81 CREDIT INDUSTRIEL ET COMMERCIAL 0.24% of their portfolio PARIS FRANCE, I0 150,000150.0k $1.5m $1.5m 0.24% Unchanged
82 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 147,799147.8k $1.5m $1.5m 0.00% Added +15.6k +15,588
83 Burren Capital Advisors Ltd 4.22% of their portfolio Gibraltar, J1 139,842139.8k $1.4m $1.4m 4.22% Unchanged
84 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 119,400119.4k $1.2m $1.2m 0.00% Unchanged
85 PRELUDE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio NEW YORK, NY 114,226114.2k $1.1m $1.1m 0.09% Unchanged
86 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 108,176108.2k $1.1m $1.1m 0.00% Added +19.8k +19,838
87 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 105,076105.1k $1.0m $1.0m 0.01% Unchanged
88 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 104,647104.6k $1.0m $1.0m 0.00% Reduced -62.0k -62,018
89 CEERA INVESTMENTS, LLC 0.32% of their portfolio BELLAIRE, TX 104,520104.5k $1.0m $1.0m 0.32% Unchanged
90 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 94,35294.4k $938.8k $938.8k 0.00% Added +14.0k +14,033
91 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 92,20092.2k $917.4k $917.4k 0.00% Unchanged
92 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 90,56090.6k $901.1k $901.1k 0.00% Added +27.0k +27,022
93 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 90,08790.1k $896.4k $896.4k 0.00% Added +14.2k +14,188
94 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 83,89083.9k $834.7k $834.7k 0.00% Reduced -63.0k -62,990
95 PDT Partners, LLC 0.05% of their portfolio New York, NY 83,38583.4k $829.7k $829.7k 0.05% Reduced -238.1k -238,108
96 OXFORD ASSET MANAGEMENT LLP 0.26% of their portfolio OXFORD, X0 80,08980.1k $796.9k $796.9k 0.26% Reduced -163.1k -163,113
97 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 79,60079.6k $792.0k $792.0k 0.00% Unchanged
98 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 79,40779.4k $790.1k $790.1k 0.00% Reduced -14.3k -14,267
99 INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio WEST PALM BEACH, FL 74,20174.2k $738.3k $738.3k 0.01% Reduced -19.7k -19,733
100 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 73,83673.8k $734.7k $734.7k 0.00% Reduced -325.8k -325,809