Vault-13

EDAP TMS S A FOCL

SPONSORED ADR · ADR · CUSIP 268311107 · ISIN US2683111072

37 institutional holders +2 vs Q1 2025
14,100,73914.1m shares reported held*
$23.3mreported value*
6 new 2 added 5 reduced 5 sold out net sold ≈ $1.0m (-617.1k 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. Holder counts are more reliable. Implied quarter-end price ≈ $1.65. Options: 3 managers hold calls ($160.4k notional), 3 hold puts ($40.3k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 36Q4 22: 54Q1 23: 54Q2 23: 54Q3 23: 44Q4 23: 36Q1 24: 39Q2 24: 36Q3 24: 35Q4 24: 37Q1 25: 35Q2 25: 3737Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202236
Q4 202254
Q1 202354
Q2 202354
Q3 202344
Q4 202336
Q1 202439
Q2 202436
Q3 202435
Q4 202437
Q1 202535
Q2 202537

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 15 bought or addedQ3 23: 32 cut or sold outQ4 23: 11 bought or addedQ4 23: 20 cut or sold outQ4 23Q1 24: 16 bought or addedQ1 24: 11 cut or sold outQ2 24: 9 bought or addedQ2 24: 16 cut or sold outQ2 24Q3 24: 13 bought or addedQ3 24: 13 cut or sold outQ4 24: 11 bought or addedQ4 24: 17 cut or sold outQ4 24Q1 25: 10 bought or addedQ1 25: 13 cut or sold outQ2 25: 8 bought or addedQ2 25: 10 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231532
Q4 20231120
Q1 20241611
Q2 2024916
Q3 20241313
Q4 20241117
Q1 20251013
Q2 2025810

Calls vs puts

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

CallsPuts
$0$50k$100k$150k$200kQ3 24 calls: $174.4kQ3 24 puts: $159.1kQ3 24P/C 0.91Q4 24 calls: $84.9kQ4 24 puts: $35.8kQ4 24P/C 0.42Q1 25 calls: $77.8kQ1 25 puts: $69.8kQ1 25P/C 0.90Q2 25 calls: $160.4kQ2 25 puts: $40.3kQ2 25P/C 0.25
Numbers
QuarterCallsPutsP/C
Q3 2024$174.4k$159.1k0.91
Q4 2024$84.9k$35.8k0.42
Q1 2025$77.8k$69.8k0.90
Q2 2025$160.4k$40.3k0.25

Biggest buyers

UBS Group AG Added +139,990+140.0k
Summit Trail Advisors, LLC New +102,339+102.3k
Sage Mountain Advisors LLC New +100,000+100.0k
Simplicity Wealth,LLC New +32,548+32.5k
Virtu Financial LLC New +11,914+11.9k
Schonfeld Strategic Advisors LLC Added +5,702+5.7k
CITIGROUP INC New +5,548+5.5k
EverSource Wealth Advisors, LLC New +1,035+1.0k

Biggest sellers

SCOGGIN MANAGEMENT LP Sold out -350,000-350.0k
Apis Capital Advisors, LLC Reduced -297,712-297.7k
Archon Capital Management LLC Sold out -273,607-273.6k
CITADEL ADVISORS LLC Reduced -35,498-35.5k
Illumine Investment Management, LLC Sold out -22,400-22.4k
BNP PARIBAS FINANCIAL MARKETS Reduced -14,400-14.4k
MILLENNIUM MANAGEMENT LLC Sold out -11,285-11.3k
HRT FINANCIAL LP Sold out -10,028-10.0k
MORGAN STANLEY Reduced -900-900
RHUMBLINE ADVISERS Reduced -390-390

Biggest calls

CITADEL ADVISORS LLC Added $144.2k87.9k shares
GROUP ONE TRADING LLC Added $16.2k9.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $38.4k23.4k shares
GROUP ONE TRADING LLC Unchanged $2.0k1.2k 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.

HolderStakeChangeShares Last filed
HIRSCHMAN ORIN 13G · institution new · filed 2026-10-19 7.6% new 3.5m 2026-10-19

Insider purchases and sales in Q2 2025

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.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Soleus Capital Management, L.P. 0.83% of their portfolio GREENWICH, CT 7,309,2547.3m $12.1m $12.1m 0.83% Unchanged
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,364,5803.4m $5.6m $5.6m 0.00% Reduced -900 -900
3 Rock Springs Capital Management LP 0.13% of their portfolio Baltimore, MD 1,270,0001.3m $2.1m $2.1m 0.13% Unchanged
4 Bruce & Co., Inc. 0.29% of their portfolio CHICAGO, IL 553,652553.7k $908.0k $908.0k 0.29% Unchanged
5 Apis Capital Advisors, LLC 0.13% of their portfolio New York, NY 226,288226.3k $373.4k $373.4k 0.13% Reduced -297.7k -297,712
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 178,449178.4k $294.4k $294.4k 0.00% Added +140.0k +139,990
7 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 172,136172.1k $284.0k $284.0k 0.00% Added +5.7k +5,702
8 Parkman Healthcare Partners LLC 0.03% of their portfolio STAMFORD, CT 154,832154.8k $255.5k $255.5k 0.03% Unchanged
9 CAHILL FINANCIAL ADVISORS INC 0.03% of their portfolio EDINA, MN 134,960135.0k $222.7k $222.7k 0.03% Unchanged
10 Summit Trail Advisors, LLC 0.00% of their portfolio NEW YORK, NY 102,339102.3k $168.9k $168.9k 0.00% New
11 Sage Mountain Advisors LLC 0.01% of their portfolio ATLANTA, GA 100,000100.0k $165.0k $165.0k 0.01% New
12 Leonteq Securities AG 0.01% of their portfolio ZURICH, V8 94,99095.0k $155.8k $155.8k 0.01% Unchanged
13 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 75,00075.0k $123.8k $123.8k 0.00% Unchanged
14 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 69,16069.2k $114.0k $114.0k 0.00% Unchanged
15 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 50,62150.6k $83.0k $83.0k 0.00% Reduced -35.5k -35,498
16 Orion Capital Management LLC 0.02% of their portfolio CORONADO, CA 38,00038.0k $62.7k $62.7k 0.02% Unchanged
17 Simplicity Wealth,LLC 0.00% of their portfolio SUMMIT, NJ 32,54832.5k $53.7k $53.7k 0.00% New
18 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 26,10526.1k $43.1k $43.1k 0.00% Reduced -14.4k -14,400
19 INTREPID FAMILY OFFICE LLC 0.04% of their portfolio SARASOTA, FL 25,00025.0k $41.0k $41.0k 0.04% Unchanged
20 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 22,76422.8k $37.3k $37.3k 0.00% Unchanged
21 Accredited Investors Inc. 0.00% of their portfolio EDINA, MN 21,43121.4k $35.4k $35.4k 0.00% Unchanged
22 Composition Wealth, LLC 0.00% of their portfolio LOS ANGELES, CA 13,50013.5k $22.3k $22.3k 0.00% Unchanged
23 BCS Private Wealth Management, Inc. 0.01% of their portfolio RUMSON, NJ 13,00013.0k $21.0k $21.0k 0.01% First filing
24 Virtu Financial LLC 0.00% of their portfolio New York, NY 11,91411.9k $20.0k $20.0k 0.00% New
25 Banque Transatlantique SA 0.00% of their portfolio PARIS, I0 10,20010.2k $16.9k $16.9k 0.00% Unchanged
26 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 10,00010.0k $16.5k $16.5k 0.00% Unchanged
27 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 5,5485.5k $9.1k $9.1k 0.00% New
28 VALLEY NATIONAL ADVISERS INC 0.00% of their portfolio BETHLEHEM, PA 3,8003.8k $6.0k $6.0k 0.00% Unchanged
29 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,5003.5k $5.8k $5.8k 0.00% Unchanged
30 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 2,8882.9k $4.7k $4.7k 0.00% Reduced -390 -390
31 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1,0351.0k $1.7k $1.7k 0.00% New
32 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0001.0k $1.6k $1.6k 0.00% Unchanged
33 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 851851 $1.4k $1.4k 0.00% Unchanged
34 BlackRock, Inc. 0.00% of their portfolio New York, NY 844844 $1.4k $1.4k 0.00% Unchanged
35 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 500500 $825 $825 0.00% Unchanged
36 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 5050 $83 $83 0.00% Unchanged
37 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged