Vault-13

DBV TECHNOLOGIES S A DBVT

SPONSORED ADS · ADR · CUSIP 23306J309

Publicly owned French biopharmaceutical firm headquartered in Bagneux, France

71 institutional holders +19 vs Q4 2025
21,164,49821.2m shares reported held*
$433.3mreported value*
29 new 13 added 13 reduced 10 sold out net bought ≈ $104.5m (+5.0m 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 ($264.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $20.47. Options: 1 managers hold calls ($146.2k notional), 0 hold puts (—).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q4 24: 19Q1 25: 17Q2 25: 30Q3 25: 33Q4 25: 52Q1 26: 7171Q4 24Q1 25Q2 25Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q4 202419
Q1 202517
Q2 202530
Q3 202533
Q4 202552
Q1 202671

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 25: 7 bought or addedQ1 25: 6 cut or sold outQ1 25Q2 25: 19 bought or addedQ2 25: 6 cut or sold outQ2 25Q3 25: 15 bought or addedQ3 25: 10 cut or sold outQ3 25Q4 25: 40 bought or addedQ4 25: 11 cut or sold outQ4 25Q1 26: 42 bought or addedQ1 26: 23 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q1 202576
Q2 2025196
Q3 20251510
Q4 20254011
Q1 20264223

Calls vs puts

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

CallsPuts
$0$50k$100k$150kQ2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $146.2kQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$146.2k$00.00

Biggest buyers

MPM BIOIMPACT LLC Added +4,216,536+4.2m
ADAR1 Capital Management, LLC New +1,012,866+1.0m
PERCEPTIVE ADVISORS LLC New +964,391+964.4k
Duquesne Family Office LLC New +383,363+383.4k
Patient Square Capital LP Added +334,484+334.5k
Elmind Capital, LP New +265,000+265.0k
AMERIPRISE FINANCIAL INC New +231,417+231.4k
Vivo Capital, LLC Added +205,943+205.9k
Russell Investments Group, Ltd. New +128,560+128.6k
Dorsey Wright & Associates New +102,550+102.5k

Biggest sellers

Artisan Partners Limited Partnership Reduced -1,089,669-1.1m
Yiheng Capital Management, L.P. Reduced -469,627-469.6k
Schonfeld Strategic Advisors LLC Sold out -454,343-454.3k
MILLENNIUM MANAGEMENT LLC Reduced -321,926-321.9k
Vestal Point Capital, LP Sold out -300,000-300.0k
Squadron Capital Management LLC Sold out -240,000-240.0k
UBS Group AG Reduced -165,325-165.3k
CITADEL ADVISORS LLC Sold out -145,129-145.1k
Redmile Group, LLC Reduced -58,500-58.5k
NEW YORK STATE COMMON RETIREMENT FUND Reduced -55,006-55.0k

Biggest calls

Brooklands Fund Management Ltd New $146.2k7.0k shares

Biggest puts

None

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
BAKER BROS. ADVISORS LP 13D · may seek influence -7.1 pts · filed 2026-01-14
Stated purposeItem 4 of Schedule 13D is supplemented and amended, as the case may be, as follows: On January 12, 2026, 667 and Life Sciences exercised 2,299,656 and 25,005,240 warrants, respectively, (each, a "BS Warrant") of the Issuer, at a strike price of EUR 1.5764, on a one-for-one basis into pre-funded warrants (each, a "Second Pre-Funded Warrant"), each of which are exercisable for 1.75 Ordinary Shares of the Issuer at an exercise price of EUR 0.0175. The BS Warrants were exercisable until January 15, 2026, which is 30 days following the publication by the Issuer that the VITESSE Phase 3 study met its primary endpoint as further described in the Terms and Conditions of the BS Warrants. Each of the Funds paid the exercise price for the BS Warrants using its working capital. The Second Pre-Funded… Full filing
10.0% -7.1 pts 25.6m 2026-01-14
SUVRETTA CAPITAL MANAGEMENT, LLC 13G · passive investor new · filed 2025-04-11 9.9% new 15.2m 2025-04-11
JANUS HENDERSON GROUP PLC 13G · institution +6.2 pts · filed 2026-01-08 8.8% +6.2 pts 20.5m 2026-01-08
Adage Capital Management, L.P. 13G · institution -2.7 pts · filed 2026-05-13 7.3% -2.7 pts 22.3m 2026-05-13
Invus Global Management, LLC 13G · passive investor +0.3 pts · filed 2026-05-05 6.5% +0.3 pts 19.3m 2026-05-05
CITADEL ADVISORS LLC 13G · passive investor new · filed 2025-04-14 6.4% new 9.2m 2025-04-14
MPM BioImpact LLC 13G · institution -2.6 pts · filed 2026-08-14 6.2% -2.6 pts 18.3m 2026-08-14
RA CAPITAL MANAGEMENT, L.P. 13G · passive investor new · filed 2026-08-06 5.8% new 18.3m 2026-08-06

Fell to 5% or below in the last year: Artisan Partners Limited Partnership (3.7%, 2026-05-13), Vivo Opportunity Fund Holdings, L.P. (4.0%, 2026-05-12), Venrock Healthcare Capital Partners II, L.P. (0.0%, 2026-02-17), Bpifrance Participations SA (4.7%, 2026-01-07)

Insider purchases and sales in Q1 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q2 24: 0 buyingQ2 24: 1 sellingQ3 24: 0 buyingQ3 24: 1 sellingQ3 24Q4 24: 0 buyingQ4 24: 1 sellingQ1 25: 0 buyingQ1 25: 1 sellingQ1 25Q2 25: 0 buyingQ2 25: 1 sellingQ3 25: 0 buyingQ3 25: 1 sellingQ3 25Q4 25: 0 buyingQ4 25: 1 sellingQ1 26: 0 buyingQ1 26: 1 sellingQ1 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20240—1$1.4k—
Q3 20240—1——
Q4 20240—1——
Q1 20250—1——
Q2 20250—1$730—
Q3 20250—1——
Q4 20250—1——
Q1 20260—1$2.6k—
DateInsiderTradeSharesPrice ValueTheir holding
2026-01-29 Mohideen Pharis Chief Medical Officer Sold 534 $4.86 $2.6k534 shares -<1%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MPM BIOIMPACT LLC 8.41% of their portfolio BOSTON, MA 5,213,3615.2m $108.9m $108.9m 8.41% Added +4.2m +4,216,536
2 Vivo Capital, LLC 4.63% of their portfolio Palo Alto, CA 2,667,5692.7m $55.7m $55.7m 4.63% Added +205.9k +205,943
3 Artisan Partners Limited Partnership 0.08% of their portfolio Milwaukee, WI 2,219,3862.2m $46.4m $46.4m 0.08% Reduced -1.1m -1,089,669
4 Siren, L.L.C. 1.08% of their portfolio New York, NY 1,857,3621.9m $38.8m $38.8m 1.08% Unchanged
5 BAKER BROS. ADVISORS LP 0.18% of their portfolio NEW YORK, NY 1,461,4251.5m $30.5m $30.5m 0.18% Unchanged
6 ADAR1 Capital Management, LLC 1.27% of their portfolio AUSTIN, TX 1,012,8661.0m $21.2m $21.2m 1.27% New
7 PERCEPTIVE ADVISORS LLC 0.40% of their portfolio NEW YORK, NY 964,391964.4k $20.1m $20.1m 0.40% New
8 Patient Square Capital LP 2.57% of their portfolio MENLO PARK, CA 693,534693.5k $14.5m $14.5m 2.57% Added +334.5k +334,484
9 Octagon Capital Advisors LP 1.33% of their portfolio NEW YORK, NY 574,200574.2k $12.0m $12.0m 1.33% Unchanged
10 Ikarian Capital, LLC 0.31% of their portfolio DALLAS, TX 525,000525.0k $2.2m $2.2m 0.31% Unchanged
11 Redmile Group, LLC 0.68% of their portfolio LARKSPUR, CA 491,340491.3k $10.3m $10.3m 0.68% Reduced -58.5k -58,500
12 Duquesne Family Office LLC 0.27% of their portfolio New York, NY 383,363383.4k $8.0m $8.0m 0.27% New
13 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 318,959319.0k $6.7m $6.7m 0.00% Reduced -321.9k -321,926
14 Atika Capital Management LLC 0.89% of their portfolio NEW YORK, NY 271,300271.3k $5.7m $5.7m 0.89% Added +64.4k +64,419
15 Elmind Capital, LP 1.57% of their portfolio NEW YORK, NY 265,000265.0k $5.5m $5.5m 1.57% New
16 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 233,429233.4k $4.9m $4.9m 0.01% Reduced -1.6k -1,594
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 231,417231.4k $4.8m $4.8m 0.00% New
18 Yiheng Capital Management, L.P. 1.54% of their portfolio SAN FRANCISCO, CA 170,142170.1k $3.6m $3.6m 1.54% Reduced -469.6k -469,627
19 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 168,180168.2k $3.5m $3.5m 0.00% Reduced -55.0k -55,006
20 BOOTHBAY FUND MANAGEMENT, LLC 0.08% of their portfolio NEW YORK, NY 163,401163.4k $3.4m $3.4m 0.08% Unchanged
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 146,116146.1k $3.1m $3.1m 0.00% Added +23.6k +23,621
22 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 128,560128.6k $2.7m $2.7m 0.00% New
23 Dorsey Wright & Associates 0.27% of their portfolio PASADENA, CA 102,550102.5k $2.1m $2.1m 0.27% New
24 Ishara Investments LP 2.16% of their portfolio LOS ANGELES, CA 102,500102.5k $2.1m $2.1m 2.16% New
25 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 95,71495.7k $2.0m $2.0m 0.00% Added +73.3k +73,322
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 79,53779.5k $1.7m $1.7m 0.00% Reduced -165.3k -165,325
27 Polymer Capital Management (HK) LTD 0.19% of their portfolio HONG KONG, K3 64,50064.5k $1.3m $1.3m 0.19% Unchanged
28 DIVERSIFY WEALTH MANAGEMENT, LLC 0.02% of their portfolio SANDY, UT 63,67263.7k $1.3m $1.3m 0.02% New
29 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 55,87155.9k $1.2m $1.2m 0.00% New
30 AdvisorShares Investments LLC 0.19% of their portfolio BETHESDA, MD 50,34050.3k $1.1m $1.1m 0.19% New
31 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 42,05542.1k $878.5k $878.5k 0.02% New
32 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 37,42737.4k $781.9k $781.9k 0.00% Added +23.7k +23,691
33 NAN FUNG TRINITY (HK) LTD 0.09% of their portfolio CENTRAL, HONG KONG, K3 37,09537.1k $774.9k $774.9k 0.09% Unchanged
34 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 33,04033.0k $690.2k $690.2k 0.01% Added +8.1k +8,056
35 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 30,73630.7k $642.1k $642.1k 0.00% New
36 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 25,35825.4k $529.7k $529.7k 0.00% Added +12.2k +12,243
37 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 24,08524.1k $503.0k $503.0k 0.00% New
38 Burns Matteson Capital Management, LLC 0.18% of their portfolio CORNING, NY 22,63122.6k $472.8k $472.8k 0.18% New
39 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 21,13521.1k $441.5k $441.5k 0.00% New
40 Optiver Holding B.V. 0.02% of their portfolio AMSTERDAM, P7 19,04719.0k $397.9k $397.9k 0.02% Reduced -28.7k -28,681
41 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 16,76416.8k $350.2k $350.2k 0.00% Reduced -49.6k -49,577
42 PERSONAL CFO SOLUTIONS, LLC 0.04% of their portfolio CHESTER, NJ 12,64312.6k $264.1k $264.1k 0.04% New
43 ExodusPoint Capital Management, LP 0.00% of their portfolio NEW YORK, NY 11,53811.5k $241.0k $241.0k 0.00% Reduced -15.7k -15,673
44 Persistent Asset Partners Ltd 0.09% of their portfolio HONG KONG, K3 11,39211.4k $238.0k $238.0k 0.09% Added +5.4k +5,373
45 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 11,28511.3k $235.7k $235.7k 0.00% New
46 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 10,58210.6k $221.1k $221.1k 0.00% New
47 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 8,0798.1k $168.8k $168.8k 0.00% New
48 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 6,0996.1k $127.4k $127.4k 0.00% Reduced -334 -334
49 China Universal Asset Management Co., Ltd. 0.01% of their portfolio SHANGHAI, F4 5,0005.0k $104.5k $104.5k 0.01% New
50 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,6804.7k $98.0k $98.0k 0.00% Added +2.9k +2,928
51 Truvestments Capital LLC 0.01% of their portfolio SARASOTA, FL 3,8923.9k $81.3k $81.3k 0.01% Unchanged
52 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 2,8992.9k $60.6k $60.6k 0.00% Added +219 +219
53 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,6831.7k $35.2k $35.2k 0.00% Unchanged
54 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,1211.1k $23.4k $23.4k 0.00% Added +778 +778
55 HM PAYSON & CO 0.00% of their portfolio PORTLAND, ME 420420 $8.8k $8.8k 0.00% New
56 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 300300 $6.3k $6.3k 0.00% Unchanged
57 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 259259 $5.4k $5.4k 0.00% New
58 Ascentis Wealth Management, LLC 0.00% of their portfolio DALLAS, TX 259259 $5.4k $5.4k 0.00% New
59 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 164164 $3.4k $3.4k 0.00% New
60 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 145145 $3.0k $3.0k 0.00% Unchanged
61 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 111111 $2.3k $2.3k 0.00% Unchanged
62 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 6767 $1.4k $1.4k 0.00% New
63 Pinnacle Wealth Planning Services, Inc. 0.00% of their portfolio MANSFIELD, OH 4040 $836 $836 0.00% Unchanged
64 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 3030 $627 $627 0.00% New
65 CURIO WEALTH, LLC 0.00% of their portfolio ANNAPOLIS, MD 2727 $564 $564 0.00% Unchanged
66 Bell Investment Advisors, Inc 0.00% of their portfolio ORINDA, CA 2121 $439 $439 0.00% New
67 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2020 $391 $391 0.00% Reduced -28.4k -28,359
68 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1414 $292 $292 0.00% Reduced -465 -465
69 TRUST CO OF TOLEDO NA /OH/ 0.00% of their portfolio HOLLAND, OH 1010 $209 $209 0.00% Unchanged
70 BlackRock, Inc. 0.00% of their portfolio New York, NY 22 $42 $42 0.00% Unchanged
71 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 11 $21 $21 0.00% New