Vault-13

GRIFOLS S A GRFS

SP ADR REP B NVT · ADR · CUSIP 398438408

157 institutional holders +6 vs Q1 2025
146,008,425146.0m shares reported held*
$1.3bnreported value*
22 new 58 added 46 reduced 15 sold out net sold ≈ $10.0m (-1.1m 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 ($2.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.04. Options: 4 managers hold calls ($683.7k notional), 5 hold puts ($1.3m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 124Q4 22: 128Q1 23: 128Q2 23: 135Q3 23: 135Q4 23: 145Q1 24: 132Q2 24: 130Q3 24: 151Q4 24: 158Q1 25: 151Q2 25: 157157Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022124
Q4 2022128
Q1 2023128
Q2 2023135
Q3 2023135
Q4 2023145
Q1 2024132
Q2 2024130
Q3 2024151
Q4 2024158
Q1 2025151
Q2 2025157

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 59 bought or addedQ3 23: 51 cut or sold outQ4 23: 67 bought or addedQ4 23: 54 cut or sold outQ4 23Q1 24: 57 bought or addedQ1 24: 86 cut or sold outQ2 24: 70 bought or addedQ2 24: 54 cut or sold outQ2 24Q3 24: 91 bought or addedQ3 24: 48 cut or sold outQ4 24: 67 bought or addedQ4 24: 72 cut or sold outQ4 24Q1 25: 76 bought or addedQ1 25: 68 cut or sold outQ2 25: 80 bought or addedQ2 25: 61 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20235951
Q4 20236754
Q1 20245786
Q2 20247054
Q3 20249148
Q4 20246772
Q1 20257668
Q2 20258061

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 24 calls: $11.0mQ3 24 puts: $4.6mQ3 24P/C 0.42Q4 24 calls: $3.0mQ4 24 puts: $1.2mQ4 24P/C 0.40Q1 25 calls: $1.2mQ1 25 puts: $1.5mQ1 25P/C 1.24Q2 25 calls: $683.7kQ2 25 puts: $1.3mQ2 25P/C 1.84
Numbers
QuarterCallsPutsP/C
Q3 2024$11.0m$4.6m0.42
Q4 2024$3.0m$1.2m0.40
Q1 2025$1.2m$1.5m1.24
Q2 2025$683.7k$1.3m1.84

Biggest buyers

BRANDES INVESTMENT PARTNERS, LP Added +2,294,113+2.3m
MILLENNIUM MANAGEMENT LLC Added +1,098,616+1.1m
BANK OF AMERICA CORP /DE/ Added +1,034,229+1.0m
Point72 (DIFC) Ltd New +1,017,200+1.0m
Permian Investment Partners, LP Added +546,000+546.0k
ROYAL BANK OF CANADA Added +526,920+526.9k
Verition Fund Management LLC Added +444,421+444.4k
UBS Group AG Added +358,217+358.2k
Saba Capital Management, L.P. New +269,686+269.7k
JPMORGAN CHASE & CO Added +219,724+219.7k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -3,583,359-3.6m
ARMISTICE CAPITAL, LLC Reduced -1,980,000-2.0m
Soleus Capital Management, L.P. Reduced -1,333,017-1.3m
HIGHLAND PEAK CAPITAL, LLC Sold out -975,835-975.8k
MORGAN STANLEY Reduced -540,682-540.7k
Anthracite Investment Company, Inc. Reduced -419,147-419.1k
HARRIS ASSOCIATES L P Reduced -313,100-313.1k
BOOTHBAY FUND MANAGEMENT, LLC Sold out -279,063-279.1k
BlackRock, Inc. Reduced -215,502-215.5k
Pictet Asset Management Holding SA Reduced -151,964-152.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $387.8k42.9k shares
GROUP ONE TRADING LLC Added $245.9k27.2k shares
SIMPLEX TRADING, LLC Reduced $50.0k5.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $497.2k55.0k shares
GROUP ONE TRADING LLC Reduced $372.4k41.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $247.7k27.4k shares
SIMPLEX TRADING, LLC Reduced $139.0k15.4k 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
BRANDES INVESTMENT PARTNERS, LP 13G · institution +3.6 pts · filed 2026-05-14 24.3% +3.6 pts 27.2m 2026-05-14
Permian Investment Partners, LP 13G · exempt (held before listing) +0.8 pts · filed 2026-02-17 7.1% +0.8 pts 18.6m 2026-02-17

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 BRANDES INVESTMENT PARTNERS, LP 2.29% of their portfolio LA JOLLA, CA 28,035,46128.0m $253.4m $253.4m 2.29% Added +2.3m +2,294,113
2 Capital World Investors 0.03% of their portfolio LOS ANGELES, CA 21,652,74921.7m $195.7m $195.7m 0.03% Added +130.5k +130,513
3 Permian Investment Partners, LP 23.95% of their portfolio DALLAS, TX 18,627,32118.6m $168.4m $168.4m 23.95% Added +546.0k +546,000
4 Black Creek Investment Management Inc. 5.25% of their portfolio TORONTO, A6 12,569,63812.6m $113.6m $113.6m 5.25% Reduced -121.2k -121,249
5 MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 9,667,5519.7m $87.4m $87.4m 0.08% Added +1.1m +1,098,616
6 ARMISTICE CAPITAL, LLC 2.50% of their portfolio NEW YORK, NY 7,298,0007.3m $66.0m $66.0m 2.50% Reduced -2.0m -1,980,000
7 Soleus Capital Management, L.P. 3.59% of their portfolio GREENWICH, CT 5,756,8055.8m $52.0m $52.0m 3.59% Reduced -1.3m -1,333,017
8 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 3,199,8333.2m $28.9m $28.9m 0.01% Added +154.6k +154,573
9 HARRIS ASSOCIATES L P 0.05% of their portfolio CHICAGO, IL 3,125,9003.1m $28.3m $28.3m 0.05% Reduced -313.1k -313,100
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,017,6753.0m $27.3m $27.3m 0.00% Added +1.0m +1,034,229
11 WHITEBOX ADVISORS LLC 0.64% of their portfolio MINNEAPOLIS, MN 2,621,4682.6m $23.7m $23.7m 0.64% Reduced -56.5k -56,529
12 NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio ALBANY, NY 2,452,7282.5m $22.2m $22.2m 0.03% Unchanged
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,208,7702.2m $20.0m $20.0m 0.00% Added +358.2k +358,217
14 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 2,081,5352.1m $18.8m $18.8m 0.02% Added +16.1k +16,094
15 Pictet Asset Management Holding SA 0.02% of their portfolio CAROUGE, V8 1,988,3932.0m $17.9m $17.9m 0.02% Reduced -152.0k -151,964
16 NORGES BANK 0.00% of their portfolio OSLO, Q8 1,940,0001.9m $17.5m $17.5m 0.00% Unchanged
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,914,2281.9m $17.3m $17.3m 0.00% Reduced -540.7k -540,682
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,888,1761.9m $17.1m $17.1m 0.00% Added +219.7k +219,724
19 Flat Footed LLC 3.97% of their portfolio WILSON, WY 1,634,2791.6m $14.8m $14.8m 3.97% Reduced -130.8k -130,798
20 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,489,6791.5m $13.5m $13.5m 0.00% Reduced -215.5k -215,502
21 Point72 (DIFC) Ltd 0.73% of their portfolio DUBAI, C0 1,017,2001.0m $9.2m $9.2m 0.73% New
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,013,7441.0m $9.2m $9.2m 0.00% Added +526.9k +526,920
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 817,827817.8k $7.4m $7.4m 0.00% Added +49.5k +49,516
24 CAPITAL INTERNATIONAL SARL 0.11% of their portfolio Los Angeles, CA 629,364629.4k $5.7m $5.7m 0.11% Added +43.1k +43,139
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 628,673628.7k $5.7m $5.7m 0.00% Reduced -3.6m -3,583,359
26 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 615,079615.1k $5.6m $5.6m 0.03% Added +444.4k +444,421
27 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 579,012579.0k $5.2m $5.2m 0.00% Reduced -90.1k -90,094
28 CAPITAL INTERNATIONAL LTD /CA/ 0.14% of their portfolio LOS ANGELES, CA 404,486404.5k $3.7m $3.7m 0.14% Unchanged
29 CREDIT INDUSTRIEL ET COMMERCIAL 0.52% of their portfolio PARIS FRANCE, I0 361,755361.8k $3.3m $3.3m 0.52% Reduced -99.1k -99,100
30 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 361,565361.6k $3.3m $3.3m 0.00% Reduced -121.9k -121,935
31 Hennion & Walsh Asset Management, Inc. 0.13% of their portfolio Parsippany, NJ 342,892342.9k $3.1m $3.1m 0.13% Added +76.9k +76,887
32 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 333,690333.7k $3.0m $3.0m 0.02% Unchanged
33 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 286,192286.2k $2.6m $2.6m 0.00% Added +11.5k +11,499
34 Saba Capital Management, L.P. 0.07% of their portfolio NEW YORK, NY 269,686269.7k $2.4m $2.4m 0.07% New
35 Groupe la Francaise 0.04% of their portfolio PARIS, I0 238,928238.9k $2.2m $2.2m 0.04% Unchanged
36 HANTZ FINANCIAL SERVICES, INC. 0.03% of their portfolio SOUTHFIELD, MI 228,203228.2k $2.1m $2.1m 0.03% Reduced -4.0k -4,027
37 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 204,134204.1k $1.8m $1.8m 0.00% Reduced -8.5k -8,451
38 Capital International, Inc./CA/ 0.02% of their portfolio Los Angeles, CA 195,400195.4k $1.8m $1.8m 0.02% Added +2.0k +2,030
39 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 193,789193.8k $1.8m $1.8m 0.00% Added +176.9k +176,876
40 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 193,173193.2k $1.7m $1.7m 0.00% Added +79.1k +79,099
41 State of Wyoming 0.21% of their portfolio CHEYENNE, WY 191,209191.2k $1.7m $1.7m 0.21% New
42 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 182,200182.2k $1.6m $1.6m 0.00% Added +10.2k +10,186
43 GRIZZLYROCK CAPITAL, LLC 1.13% of their portfolio CHICAGO, IL 166,000166.0k $1.5m $1.5m 1.13% New
44 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 164,690164.7k $1.5m $1.5m 0.02% Unchanged
45 Henry James International Management Inc. 0.47% of their portfolio NEW YORK, NY 157,945157.9k $1.4m $1.4m 0.47% Unchanged
46 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 155,512155.5k $1.4m $1.4m 0.00% Added +10.8k +10,830
47 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 142,579142.6k $1.3m $1.3m 0.00% Added +60.1k +60,107
48 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 127,272127.3k $1.2m $1.2m 0.00% Added +42.1k +42,097
49 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 118,472118.5k $1.1m $1.1m 0.00% Added +21.6k +21,596
50 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 117,990118.0k $1.1m $1.1m 0.00% Added +910 +910
51 SummitTX Capital, L.P. 0.05% of their portfolio FORT WORTH, TX 116,679116.7k $1.1m $1.1m 0.05% Added +36.2k +36,165
52 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 110,135110.1k $995.6k $995.6k 0.00% Added +14.0k +13,955
53 Campbell & CO Investment Adviser LLC 0.06% of their portfolio BALTIMORE, MD 109,464109.5k $989.6k $989.6k 0.06% Added +91.7k +91,706
54 Mariner, LLC 0.00% of their portfolio Overland Park, KS 100,732100.7k $910.6k $910.6k 0.00% Added +15.7k +15,680
55 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 91,18391.2k $824.3k $824.3k 0.00% Added +5.4k +5,393
56 Anthracite Investment Company, Inc. 0.41% of their portfolio FORT WORTH, TX 86,68886.7k $783.7k $783.7k 0.41% Reduced -419.1k -419,147
57 Aspen Wealth Management LLC 0.19% of their portfolio FORT WORTH, TX 86,46686.5k $781.7k $781.7k 0.19% Unchanged
58 CAPITAL GROUP INVESTMENT MANAGEMENT PTE. LTD. 0.13% of their portfolio Raffles Quay, U0 81,95582.0k $740.9k $740.9k 0.13% Unchanged
59 GABELLI & Co INVESTMENT ADVISERS, INC. 0.11% of their portfolio Rye, NY 77,72877.7k $702.7k $702.7k 0.11% Unchanged
60 Compass Wealth Management LLC 0.16% of their portfolio GUILFORD, CT 76,11676.1k $688.1k $688.1k 0.16% Unchanged
61 GABELLI FUNDS LLC 0.00% of their portfolio Rye, NY 71,54871.5k $646.8k $646.8k 0.00% Unchanged
62 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 67,26667.3k $608.1k $608.1k 0.00% Reduced -3.7k -3,708
63 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 65,48165.5k $591.9k $591.9k 0.01% Reduced -4.1k -4,083
64 OPPENHEIMER ASSET MANAGEMENT INC. 0.01% of their portfolio NEW YORK, NY 62,99163.0k $569.4k $569.4k 0.01% Added +2.9k +2,928
65 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 61,10061.1k $552.3k $552.3k 0.00% Added +26.8k +26,798
66 FMR LLC 0.00% of their portfolio BOSTON, MA 59,57759.6k $538.6k $538.6k 0.00% Added +32.7k +32,718
67 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 57,41657.4k $519.0k $519.0k 0.00% Added +25.7k +25,703
68 LANARK FINANCIAL, INC. 0.04% of their portfolio BIRMINGHAM, AL 57,25857.3k $517.0k $517.0k 0.04% Reduced -190 -190
69 ATLAS CAPITAL ADVISORS INC. 0.06% of their portfolio JACKSON, WY 53,78553.8k $486.2k $486.2k 0.06% Added +23.7k +23,667
70 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 51,58551.6k $466.3k $466.3k 0.01% Added +25.7k +25,672
71 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 50,00050.0k $464.0k $464.0k 0.00% Unchanged
72 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 49,55249.6k $447.9k $447.9k 0.01% Reduced -731 -731
73 B. Riley Wealth Advisors, Inc. 0.02% of their portfolio MEMPHIS, TN 48,47048.5k $438.2k $438.2k 0.02% Added +1.3k +1,270
74 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 48,40048.4k $437.5k $437.5k 0.01% Reduced -5.6k -5,571
75 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 47,19247.2k $426.6k $426.6k 0.00% Added +1.1k +1,114
76 Vestmark Advisory Solutions, Inc. 0.01% of their portfolio Wakefield, MA 45,82045.8k $414.2k $414.2k 0.01% New
77 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 42,72542.7k $386.2k $386.2k 0.00% Added +891 +891
78 SYON CAPITAL LLC 0.02% of their portfolio SAN FRANCISCO, CA 40,43040.4k $365.5k $365.5k 0.02% Added +21.2k +21,187
79 Arax Advisory Partners 0.02% of their portfolio NEW YORK, NY 39,18539.2k $379.2k $379.2k 0.02% Unchanged
80 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 35,72535.7k $323.0k $323.0k 0.00% Added +471 +471
81 Legal & General Group Plc 0.00% of their portfolio London, X0 30,90530.9k $278.6k $278.6k 0.00% Reduced -103.0k -103,028
82 Fore Capital, LLC 0.54% of their portfolio New York, NY 30,00030.0k $271.2k $271.2k 0.54% Added +15.0k +15,000
83 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 28,74328.7k $259.8k $259.8k 0.00% Added +13.1k +13,075
84 Vinva Investment Management Ltd 0.01% of their portfolio SYDNEY, C3 28,34228.3k $384.7k $384.7k 0.01% New
85 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.00% of their portfolio SAN FRANCISCO, CA 28,00028.0k $253.1k $253.1k 0.00% Unchanged
86 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 27,05627.1k $239.7k $239.7k 0.00% Unchanged
87 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 26,29126.3k $237.7k $237.7k 0.00% Added +61 +61
88 China Universal Asset Management Co., Ltd. 0.02% of their portfolio SHANGHAI, F4 24,50224.5k $221.5k $221.5k 0.02% Added +32 +32
89 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 24,00024.0k $217.0k $217.0k 0.00% Unchanged
90 Calydon Capital 0.02% of their portfolio MEMPHIS, TN 23,82823.8k $215.4k $215.4k 0.02% New
91 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 22,34822.3k $202.0k $202.0k 0.00% Reduced -298 -298
92 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 19,76419.8k $178.7k $178.7k 0.00% Reduced -2.5k -2,490
93 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 18,74818.7k $169.5k $169.5k 0.00% Added +1.6k +1,631
94 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 17,36517.4k $157.0k $157.0k 0.00% Added +3.4k +3,449
95 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 16,98417.0k $153.5k $153.5k 0.00% Added +728 +728
96 Manske Wealth Management 0.05% of their portfolio HOUSTON, TX 16,95016.9k $153.2k $153.2k 0.05% Unchanged
97 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 16,46816.5k $148.9k $148.9k 0.00% Reduced -4.1k -4,135
98 Ballentine Partners, LLC 0.00% of their portfolio Waltham, MA 16,17916.2k $146.3k $146.3k 0.00% Added +5.3k +5,311
99 Ascent Group, LLC 0.01% of their portfolio VIRGINIA BEACH, VA 15,64615.6k $141.4k $141.4k 0.01% New
100 QUADRANT CAPITAL GROUP LLC 0.00% of their portfolio CINCINNATI, OH 15,30215.3k $138.3k $138.3k 0.00% Reduced -1.5k -1,470