Vault-13

INTERCEPT PHARMACEUTICALS IN ICPT

COM · Common Stock · CUSIP 45845P108 · ISIN US45845P1084

147 institutional holders +20 vs Q2 2023
38,987,70739.0m shares reported held*
$723.4mreported value*
47 new 45 added 36 reduced 26 sold out net bought ≈ $70.6m (+3.8m 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 ($1.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.55. Options: 13 managers hold calls ($23.1m notional), 20 hold puts ($68.1m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 156Q4 22: 144Q1 23: 145Q2 23: 127Q3 23: 147147Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022156
Q4 2022144
Q1 2023145
Q2 2023127
Q3 2023147

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 78 bought or addedQ4 22: 70 cut or sold outQ4 22Q1 23: 80 bought or addedQ1 23: 63 cut or sold outQ1 23Q2 23: 60 bought or addedQ2 23: 78 cut or sold outQ2 23Q3 23: 92 bought or addedQ3 23: 62 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20227870
Q1 20238063
Q2 20236078
Q3 20239262

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ4 22 calls: $14.7mQ4 22 puts: $13.3mQ4 22P/C 0.90Q1 23 calls: $10.1mQ1 23 puts: $12.1mQ1 23P/C 1.20Q2 23 calls: $9.8mQ2 23 puts: $32.2mQ2 23P/C 3.30Q3 23 calls: $23.1mQ3 23 puts: $68.1mQ3 23P/C 2.95
Numbers
QuarterCallsPutsP/C
Q4 2022$14.7m$13.3m0.90
Q1 2023$10.1m$12.1m1.20
Q2 2023$9.8m$32.2m3.30
Q3 2023$23.1m$68.1m2.95

Biggest buyers

Magnetar Financial LLC New +2,407,209+2.4m
ALPINE ASSOCIATES MANAGEMENT INC. New +2,203,295+2.2m
Jefferies Financial Group Inc. New +2,000,000+2.0m
UBS Group AG Added +1,639,717+1.6m
ALLIANCEBERNSTEIN L.P. Added +1,482,206+1.5m
AQR Arbitrage LLC New +734,970+735.0k
GOLDMAN SACHS GROUP INC Added +721,653+721.7k
HSBC HOLDINGS PLC New +456,623+456.6k
MORGAN STANLEY Added +434,872+434.9k
Versor Investments LP New +378,480+378.5k

Biggest sellers

VANGUARD GROUP INC Reduced -2,622,585-2.6m
Caligan Partners LP Sold out -1,293,510-1.3m
CITIGROUP INC Reduced -1,017,987-1.0m
STATE STREET CORP Reduced -982,414-982.4k
BOOTHBAY FUND MANAGEMENT, LLC Sold out -941,755-941.8k
DG Capital Management, LLC Sold out -896,294-896.3k
JACOBS LEVY EQUITY MANAGEMENT, INC Sold out -861,801-861.8k
GREAT POINT PARTNERS LLC Sold out -601,322-601.3k
JUPITER ASSET MANAGEMENT LTD Sold out -472,847-472.8k
MILLENNIUM MANAGEMENT LLC Reduced -412,000-412.0k

Biggest calls

Fort Baker Capital Management LP New $8.0m430.6k shares
JANE STREET GROUP, LLC Added $3.8m204.5k shares
CITADEL ADVISORS LLC Reduced $3.2m172.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.1m169.0k shares
GROUP ONE TRADING LLC Reduced $1.8m95.0k shares
JPMORGAN CHASE & CO Added $1.0m56.0k shares
SIMPLEX TRADING, LLC Reduced $1.0m55.3k shares
Terrapin Asset Management, LLC New $556.2k30.0k shares
SUMMIT SECURITIES GROUP LLC New $371.0k20.0k shares
GTS SECURITIES LLC New $216.9k11.7k shares

Biggest puts

Caligan Partners LP Unchanged $22.2m1.2m shares
BOOTHBAY FUND MANAGEMENT, LLC Added $15.7m848.8k shares
Balyasny Asset Management L.P. New $13.0m702.9k shares
Schonfeld Strategic Advisors LLC New $4.1m220.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.8m206.7k shares
TUDOR INVESTMENT CORP ET AL New $2.1m115.8k shares
CITADEL ADVISORS LLC Reduced $1.6m83.8k shares
JANE STREET GROUP, LLC Added $1.3m68.5k shares
SIMPLEX TRADING, LLC Reduced $986.0k53.2k shares
MILLENNIUM MANAGEMENT LLC New $927.0k50.0k 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.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.00% of their portfolio New York, NY 4,212,8204.2m $78.1m $78.1m 0.00% Reduced -184.2k -184,150
2 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,197,8103.2m $59.3m $59.3m 0.00% Reduced -982.4k -982,414
3 UBS Group AG 0.03% of their portfolio ZURICH, V8 2,999,1883.0m $55.6m $55.6m 0.03% Added +1.6m +1,639,717
4 Magnetar Financial LLC 1.14% of their portfolio EVANSTON, IL 2,407,2092.4m $44.6m $44.6m 1.14% New
5 ALPINE ASSOCIATES MANAGEMENT INC. 2.14% of their portfolio PALM BEACH, FL 2,203,2952.2m $40.8m $40.8m 2.14% New
6 DEERFIELD MANAGEMENT COMPANY, L.P. 0.85% of their portfolio New York, NY 2,077,8932.1m $38.5m $38.5m 0.85% Unchanged
7 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 2,071,2322.1m $38.4m $38.4m 0.00% Reduced -2.6m -2,622,585
8 Jefferies Financial Group Inc. 0.92% of their portfolio NEW YORK, NY 2,000,0002.0m $37.1m $37.1m 0.92% New
9 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 1,542,8961.5m $28.6m $28.6m 0.01% Added +1.5m +1,482,206
10 Pictet Asset Management Holding SA 0.03% of their portfolio CAROUGE, V8 1,205,0931.2m $22.3m $22.3m 0.03% First filing
11 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 1,037,7631.0m $19.2m $19.2m 0.07% Added +260.4k +260,361
12 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,019,0731.0m $18.9m $18.9m 0.00% Added +721.7k +721,653
13 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 825,800825.8k $15.3m $15.3m 0.03% Reduced -53.6k -53,600
14 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 793,321793.3k $14.7m $14.7m 0.00% Added +180.4k +180,354
15 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 791,335791.3k $14.7m $14.7m 0.02% Added +123.4k +123,356
16 AQR Arbitrage LLC 0.61% of their portfolio Greenwich, CT 734,970735.0k $13.6m $13.6m 0.61% New
17 SAMSARA BIOCAPITAL, LLC 3.64% of their portfolio PALO ALTO, CA 640,688640.7k $11.9m $11.9m 3.64% Unchanged
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 576,774576.8k $10.7m $10.7m 0.00% Added +434.9k +434,872
19 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 456,623456.6k $8.5m $8.5m 0.01% New
20 ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio Boston, MA 409,183409.2k $7.6m $7.6m 0.03% Added +128.6k +128,622
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 402,359402.4k $7.5m $7.5m 0.00% Added +106.4k +106,423
22 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 383,323383.3k $7.1m $7.1m 0.00% Added +106.2k +106,216
23 Versor Investments LP 1.42% of their portfolio New York, NY 378,480378.5k $7.0m $7.0m 1.42% New
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 366,014366.0k $6.8m $6.8m 0.01% Added +250.1k +250,071
25 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 325,552325.6k $6.0m $6.0m 0.00% Reduced -107.2k -107,194
26 Rafferty Asset Management, LLC 0.03% of their portfolio New York, NY 306,233306.2k $5.7m $5.7m 0.03% Reduced -106.0k -106,041
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 289,771289.8k $5.4m $5.4m 0.00% Added +260.0k +259,999
28 TOKIO MARINE ASSET MANAGEMENT CO LTD 0.31% of their portfolio Tokyo, M0 260,300260.3k $4.8m $4.8m 0.31% New
29 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 252,354252.4k $4.7m $4.7m 0.00% Added +34.2k +34,189
30 PINNACLE ASSOCIATES LTD 0.07% of their portfolio NEW YORK, NY 197,237197.2k $3.7m $3.7m 0.07% Reduced -2.9k -2,882
31 FULLER & THALER ASSET MANAGEMENT, INC. 0.02% of their portfolio SAN MATEO, CA 193,940193.9k $3.6m $3.6m 0.02% Reduced -7.5k -7,520
32 Chicago Capital Management, LLC 12.16% of their portfolio CHICAGO, IL 185,781185.8k $4.6m $4.6m 12.16% New
33 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 179,333179.3k $3.3m $3.3m 0.00% Reduced -412.0k -412,000
34 GABELLI FUNDS LLC 0.03% of their portfolio Rye, NY 178,800178.8k $3.3m $3.3m 0.03% New
35 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 178,438178.4k $3.3m $3.3m 0.00% Reduced -35.8k -35,815
36 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 146,200146.2k $2.7m $2.7m 0.01% Added +12.7k +12,700
37 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 143,414143.4k $2.7m $2.7m 0.00% Reduced -1.0m -1,017,987
38 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 126,550126.5k $2.3m $2.3m 0.01% Reduced -26.4k -26,350
39 NATIXIS 0.02% of their portfolio PARIS, I0 120,000120.0k $2.2m $2.2m 0.02% Added +110.4k +110,429
40 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 116,267116.3k $2.2m $2.2m 0.00% Reduced -78.1k -78,085
41 Yakira Capital Management, Inc. 0.56% of their portfolio Westport, CT 110,892110.9k $2.1m $2.1m 0.56% New
42 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 109,717109.7k $2.0m $2.0m 0.00% Reduced -49.2k -49,161
43 Vestcor Inc 0.07% of their portfolio FREDERICTON, A3 100,000100.0k $1.9m $1.9m 0.07% New
44 GABELLI & Co INVESTMENT ADVISERS, INC. 0.29% of their portfolio Rye, NY 96,25096.2k $1.8m $1.8m 0.29% New
45 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 95,79495.8k $1.8m $1.8m 0.00% Added +6.2k +6,191
46 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 95,54795.5k $1.8m $1.8m 0.00% Added +22.8k +22,802
47 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 92,28192.3k $1.7m $1.7m 0.02% New
48 Alpine Global Management, LLC 0.20% of their portfolio NEW YORK, NY 89,32089.3k $1.7m $1.7m 0.20% New
49 Carmignac Gestion 0.03% of their portfolio PARIS, I0 85,27185.3k $1.6m $1.6m 0.03% New
50 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 84,71884.7k $1.6m $1.6m 0.00% Added +38.6k +38,618
51 EHP Funds Inc. 0.74% of their portfolio TORONTO, Z4 84,21084.2k $1.6m $1.6m 0.74% New
52 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 81,97282.0k $1.5m $1.5m 0.00% Reduced -846 -846
53 Swiss National Bank 0.00% of their portfolio ZURICH, V8 77,90077.9k $1.4m $1.4m 0.00% Added +1.9k +1,900
54 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 72,40972.4k $1.3m $1.3m 0.00% Reduced -73.0k -73,045
55 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 70,27670.3k $1.3m $1.3m 0.00% Reduced -101.5k -101,474
56 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 69,92869.9k $1.3m $1.3m 0.00% Reduced -89.8k -89,828
57 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 69,46569.5k $1.3m $1.3m 0.00% Added +54.9k +54,862
58 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 68,06868.1k $1.3m $1.3m 0.00% New
59 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 67,81467.8k $1.3m $1.3m 0.00% Reduced -20.9k -20,888
60 PRELUDE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio NEW YORK, NY 62,84762.8k $1.2m $1.2m 0.11% New
61 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio JUPITER, FL 56,35356.4k $1.0m $1.0m 0.01% New
62 GROUP ONE TRADING LLC 0.04% of their portfolio CHICAGO, IL 53,69453.7k $995.5k $995.5k 0.04% Reduced -23.0k -22,969
63 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 52,82452.8k $979.3k $979.3k 0.00% Added +16.2k +16,205
64 PROFUND ADVISORS LLC 0.05% of their portfolio BETHESDA, MD 51,13351.1k $948.0k $948.0k 0.05% Reduced -22.6k -22,555
65 FMR LLC 0.00% of their portfolio BOSTON, MA 48,74148.7k $903.7k $903.7k 0.00% Added +4.6k +4,585
66 Hennion & Walsh Asset Management, Inc. 0.05% of their portfolio Parsippany, NJ 46,31546.3k $858.7k $858.7k 0.05% Added +21.9k +21,878
67 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 40,26840.3k $746.6k $746.6k 0.00% Added +949 +949
68 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 39,83239.8k $738.5k $738.5k 0.00% Added +12.2k +12,186
69 Bayesian Capital Management, LP 0.08% of their portfolio Brooklyn, NY 37,40037.4k $693.4k $693.4k 0.08% New
70 Crystalline Management Inc. 0.53% of their portfolio Montreal, Quebec, Z4 37,17737.2k $689.3k $689.3k 0.53% New
71 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 36,69036.7k $680.2k $680.2k 0.00% Added +10.8k +10,787
72 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 35,08735.1k $651.0k $651.0k 0.01% Reduced -106.1k -106,132
73 PenderFund Capital Management Ltd. 0.26% of their portfolio VANCOUVER, A1 34,84034.8k $877 $877 0.26% New
74 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 32,70032.7k $606.3k $606.3k 0.00% New
75 Prospera Financial Services Inc 0.02% of their portfolio Dallas, TX 31,26231.3k $579.6k $579.6k 0.02% Reduced -3.5k -3,505
76 ALPS ADVISORS INC 0.00% of their portfolio Denver, CO 30,87830.9k $572.5k $572.5k 0.00% Added +235 +235
77 Legal & General Group Plc 0.00% of their portfolio London, X0 30,73930.7k $569.9k $569.9k 0.00% Added +1.6k +1,610
78 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 30,18730.2k $559.7k $559.7k 0.00% Reduced -690 -690
79 GAMCO INVESTORS, INC. ET AL 0.01% of their portfolio GREENWICH, CT 29,95029.9k $555.3k $555.3k 0.01% New
80 Sagefield Capital LP 0.08% of their portfolio DALLAS, TX 29,60029.6k $548.8k $548.8k 0.08% New
81 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 27,00027.0k $501.0k $501.0k 0.00% Unchanged
82 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 26,38626.4k $490.0k $490.0k 0.00% Added +4.4k +4,423
83 Virtu Financial LLC 0.05% of their portfolio New York, NY 25,64225.6k $475.0k $475.0k 0.05% New
84 VIRTUS ADVISERS, LLC 0.28% of their portfolio HARTFORD, CT 25,27225.3k $468.5k $468.5k 0.28% Reduced -3.3k -3,268
85 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 25,00025.0k $463.5k $463.5k 0.01% New
86 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 23,83423.8k $441.9k $441.9k 0.00% Unchanged
87 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 22,50022.5k $417.1k $417.1k 0.00% Added +680 +680
88 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 22,28522.3k $413.2k $413.2k 0.00% New
89 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 21,60021.6k $400.5k $400.5k 0.00% Added +8.9k +8,853
90 Skaana Management L.P. 0.13% of their portfolio BROOKLYN, NY 20,87720.9k $387.1k $387.1k 0.13% Added +1.0k +1,000
91 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 20,24420.2k $375.3k $375.3k 0.00% Added +8.4k +8,433
92 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 18,62618.6k $345.3k $345.3k 0.00% Added +268 +268
93 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 18,41818.4k $341.5k $341.5k 0.00% Reduced -23.3k -23,278
94 Cutler Group LLC / CA 0.05% of their portfolio SAN FRANCISCO, CA 17,80017.8k $330.0k $330.0k 0.05% Reduced -100 -100
95 OCCUDO QUANTITATIVE STRATEGIES LP 0.04% of their portfolio FORT LAUDERDALE, FL 17,27017.3k $320.2k $320.2k 0.04% New
96 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 16,77416.8k $311.0k $311.0k 0.00% New
97 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 16,44816.4k $304.9k $304.9k 0.01% New
98 E Fund Management Co., Ltd. 0.02% of their portfolio GUANGZHOU, F4 15,72815.7k $292.0k $292.0k 0.02% Reduced -6.4k -6,439
99 HOLLENCREST CAPITAL MANAGEMENT 0.03% of their portfolio NEWPORT BEACH, CA 15,00015.0k $278.1k $278.1k 0.03% Unchanged
100 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 14,98515.0k $277.8k $277.8k 0.00% Added +4.6k +4,581