Vault-13

IVERIC BIO INC OPHT

COM · Common Stock · CUSIP 46583P102 · ISIN US46583P1021

257 institutional holders +32 vs Q1 2023
135,441,756135.4m shares reported held*
$5.3bnreported value*
101 new 57 added 70 reduced 74 sold out net sold ≈ $804.6m (-20.4m 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 ($13.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $39.28. Options: 36 managers hold calls ($537.6m notional), 43 hold puts ($238.8m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 213Q4 22: 225Q1 23: 225Q2 23: 257257Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022213
Q4 2022225
Q1 2023225
Q2 2023257

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 137 bought or addedQ4 22: 98 cut or sold outQ4 22Q1 23: 123 bought or addedQ1 23: 110 cut or sold outQ1 23Q2 23: 158 bought or addedQ2 23: 144 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202213798
Q1 2023123110
Q2 2023158144

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ3 22 calls: $186.0mQ3 22 puts: $70.9mQ3 22P/C 0.38Q4 22 calls: $35.2mQ4 22 puts: $25.6mQ4 22P/C 0.73Q1 23 calls: $59.3mQ1 23 puts: $49.2mQ1 23P/C 0.83Q2 23 calls: $537.6mQ2 23 puts: $238.8mQ2 23P/C 0.44
Numbers
QuarterCallsPutsP/C
Q3 2022$186.0m$70.9m0.38
Q4 2022$35.2m$25.6m0.73
Q1 2023$59.3m$49.2m0.83
Q2 2023$537.6m$238.8m0.44

Biggest buyers

Beryl Capital Management LLC New +5,339,518+5.3m
GOLDMAN SACHS GROUP INC Added +3,225,818+3.2m
TIG Advisors, LLC New +2,904,364+2.9m
FIL Ltd New +2,841,000+2.8m
MILLENNIUM MANAGEMENT LLC Added +2,719,573+2.7m
ALPINE ASSOCIATES MANAGEMENT INC. New +2,692,538+2.7m
KRYGER CAPITAL Ltd New +2,523,853+2.5m
LMR Partners LLP New +2,023,659+2.0m
FARALLON CAPITAL MANAGEMENT, L.L.C. Added +1,957,500+2.0m
DEUTSCHE BANK AG\ Added +1,910,414+1.9m

Biggest sellers

PRICE T ROWE ASSOCIATES INC /MD/ Reduced -6,737,387-6.7m
Deep Track Capital, LP Sold out -6,500,000-6.5m
JANUS HENDERSON GROUP PLC Reduced -4,530,378-4.5m
Redmile Group, LLC Sold out -4,205,206-4.2m
BRAIDWELL LP Sold out -3,714,672-3.7m
AMERICAN CENTURY COMPANIES INC Reduced -3,565,655-3.6m
TCG Crossover Management, LLC Reduced -2,692,289-2.7m
GEODE CAPITAL MANAGEMENT, LLC Sold out -2,587,857-2.6m
PICTET ASSET MANAGEMENT SA Reduced -2,291,334-2.3m
Capital International Investors Sold out -2,164,099-2.2m

Biggest calls

Balyasny Asset Management L.P. Added $104.0m2.6m shares
MILLENNIUM MANAGEMENT LLC Added $77.0m2.0m shares
Verition Fund Management LLC New $41.7m1.1m shares
Maven Securities LTD New $36.1m916.8k shares
Fort Baker Capital Management LP New $26.8m681.9k shares
WATER ISLAND CAPITAL LLC New $23.3m592.1k shares
UBS Group AG Added $21.4m543.6k shares
Hudson Bay Capital Management LP New $19.8m503.1k shares
EQUITEC PROPRIETARY MARKETS, LLC New $16.9m429.1k shares
GROUP ONE TRADING LLC Added $15.5m394.8k shares

Biggest puts

Balyasny Asset Management L.P. New $28.4m721.9k shares
PICTON MAHONEY ASSET MANAGEMENT New $27.5m699.0k shares
MILLENNIUM MANAGEMENT LLC New $24.8m629.3k shares
EQUITEC PROPRIETARY MARKETS, LLC New $20.5m521.8k shares
Westchester Capital Management, LLC New $20.4m519.0k shares
Sand Grove Capital Management LLP New $13.9m354.2k shares
Maven Securities LTD New $12.2m309.1k shares
Walleye Trading LLC Added $12.0m304.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $10.4m264.2k shares
SOROS FUND MANAGEMENT LLC New $9.8m250.0k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 13,678,61613.7m $538.1m $538.1m 0.01% Added +17.2k +17,227
2 BlackRock Inc. 0.01% of their portfolio New York, NY 10,789,52610.8m $424.5m $424.5m 0.01% Added +661.1k +661,051
3 Avoro Capital Advisors LLC 4.30% of their portfolio NEW YORK, NY 8,050,0008.1m $316.7m $316.7m 4.30% Added +1.2m +1,250,000
4 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 4.87% of their portfolio CHICAGO, IL 5,850,1205.9m $230.1m $230.1m 4.87% Not comparable
5 Beryl Capital Management LLC 64.81% of their portfolio REDONDO BEACH, CA 5,339,5185.3m $210.1m $210.1m 64.81% New
6 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,677,8934.7m $184.0m $184.0m 0.01% Reduced -946.3k -946,285
7 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 4,222,2804.2m $166.1m $166.1m 0.04% Added +3.2m +3,225,818
8 MILLENNIUM MANAGEMENT LLC 0.17% of their portfolio NEW YORK, NY 3,959,8704.0m $155.8m $155.8m 0.17% Added +2.7m +2,719,573
9 DEUTSCHE BANK AG\ 0.07% of their portfolio FRANKFURT AM MAIN, 2M 3,192,3423.2m $125.6m $125.6m 0.07% Added +1.9m +1,910,414
10 TIG Advisors, LLC 6.88% of their portfolio New York, NY 2,904,3642.9m $114.3m $114.3m 6.88% New
11 FIL Ltd 0.13% of their portfolio HAMILTON, D0 2,841,0002.8m $111.8m $111.8m 0.13% New
12 ALPINE ASSOCIATES MANAGEMENT INC. 4.77% of their portfolio PALM BEACH, FL 2,692,5382.7m $105.9m $105.9m 4.77% New
13 KRYGER CAPITAL Ltd 10.16% of their portfolio LONDON, X0 2,523,8532.5m $99.3m $99.3m 10.16% New
14 TCG Crossover Management, LLC 15.80% of their portfolio PALO ALTO, CA 2,448,8292.4m $96.3m $96.3m 15.80% Reduced -2.7m -2,692,289
15 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.57% of their portfolio SAN FRANCISCO, CA 2,442,2992.4m $96.1m $96.1m 0.57% Added +2.0m +1,957,500
16 LMR Partners LLP 1.81% of their portfolio LONDON, X0 2,023,6592.0m $79.6m $79.6m 1.81% New
17 HBK INVESTMENTS L P 2.50% of their portfolio DALLAS, TX 2,000,0002.0m $78.7m $78.7m 2.50% Not comparable
18 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 1,970,7852.0m $77.5m $77.5m 0.03% Reduced -2.1m -2,096,250
19 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,791,9061.8m $70.5m $70.5m 0.01% Added +960.9k +960,943
20 SOROS FUND MANAGEMENT LLC 1.45% of their portfolio NEW YORK, NY 1,700,0011.7m $66.9m $66.9m 1.45% New
21 Westchester Capital Management, LLC 2.29% of their portfolio VALHALLA, NY 1,685,4231.7m $66.3m $66.3m 2.29% New
22 Magnetar Financial LLC 1.44% of their portfolio EVANSTON, IL 1,668,2391.7m $65.6m $65.6m 1.44% New
23 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.29% of their portfolio TORONTO, A6 1,658,8001.7m $65.3m $65.3m 0.29% New
24 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,637,5601.6m $64.4m $64.4m 0.01% Added +1.0m +1,024,205
25 Man Group plc 0.17% of their portfolio LONDON, X0 1,374,4701.4m $54.1m $54.1m 0.17% New
26 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,327,3631.3m $52.2m $52.2m 0.01% Added +24.6k +24,641
27 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 1,236,0961.2m $48.6m $48.6m 0.02% Reduced -150.4k -150,437
28 MPM BIOIMPACT LLC 9.62% of their portfolio BOSTON, MA 1,214,6621.2m $47.8m $47.8m 9.62% Added +169.0k +168,971
29 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% of their portfolio Boston, MA 1,163,1401.2m $45.8m $45.8m 0.10% Added +1.1m +1,084,140
30 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 1,015,0261.0m $39.9m $39.9m 0.01% Reduced -172.3k -172,312
31 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 994,037994.0k $39.1m $39.1m 0.01% Added +16.6k +16,583
32 KINGDON CAPITAL MANAGEMENT, L.L.C. 6.73% of their portfolio NEW YORK, NY 980,050980.0k $38.6m $38.6m 6.73% Reduced -73.0k -72,950
33 NORGES BANK 0.01% of their portfolio OSLO, Q8 955,130955.1k $37.6m $37.6m 0.01% Added +686.5k +686,544
34 Ergoteles LLC 1.66% of their portfolio NEW YORK, NY 878,359878.4k $34.6m $34.6m 1.66% New
35 Segantii Capital Management Ltd 2.02% of their portfolio HONG KONG, K3 875,000875.0k $34.4m $34.4m 2.02% New
36 Sand Grove Capital Management LLP 5.13% of their portfolio LONDON, X0 865,399865.4k $34.0m $34.0m 5.13% New
37 Carlson Capital, L.P. 2.81% of their portfolio DALLAS, TX 835,000835.0k $32.8m $32.8m 2.81% New
38 GLAZER CAPITAL, LLC 2.15% of their portfolio New York, NY 826,600826.6k $32.5m $32.5m 2.15% New
39 Boxer Capital, LLC 1.51% of their portfolio San Diego, CA 825,000825.0k $32.5m $32.5m 1.51% Unchanged
40 First Trust Capital Management L.P. 1.82% of their portfolio CHICAGO, IL 778,246778.2k $30.6m $30.6m 1.82% New
41 Hudson Bay Capital Management LP 0.31% of their portfolio STAMFORD, CT 772,992773.0k $30.4m $30.4m 0.31% Added +260.7k +260,740
42 GABELLI FUNDS LLC 0.23% of their portfolio Rye, NY 771,489771.5k $30.4m $30.4m 0.23% New
43 EMERALD ADVISERS, LLC 1.20% of their portfolio LEOLA, PA 700,046700.0k $27.5m $27.5m 1.20% Reduced -54.0k -53,986
44 GABELLI & Co INVESTMENT ADVISERS, INC. 4.51% of their portfolio Rye, NY 684,950685.0k $26.9m $26.9m 4.51% New
45 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 657,083657.1k $25.8m $25.8m 0.01% Reduced -1.4m -1,371,528
46 DAFNA Capital Management LLC 6.59% of their portfolio LOS ANGELES, CA 612,975613.0k $24.1m $24.1m 6.59% Unchanged
47 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 606,459606.5k $23.9m $23.9m 0.05% Added +536.4k +536,361
48 CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio TORONTO ONTARIO, A6 592,000592.0k $23.3m $23.3m 0.04% New
49 EMERALD MUTUAL FUND ADVISERS TRUST 1.25% of their portfolio LEOLA, PA 584,464584.5k $23.0m $23.0m 1.25% Reduced -14.7k -14,717
50 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 561,251561.3k $22.1m $22.1m 0.00% Added +12.3k +12,316
51 WATER ISLAND CAPITAL LLC 1.84% of their portfolio NEW YORK, NY 503,196503.2k $19.8m $19.8m 1.84% New
52 Pentwater Capital Management LP 0.25% of their portfolio Naples, FL 500,000500.0k $19.7m $19.7m 0.25% New
53 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 499,048499.0k $12.1m $12.1m 0.01% Unchanged
54 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 479,263479.3k $18.9m $18.9m 0.01% Reduced -3.6m -3,565,655
55 Qube Research & Technologies Ltd 0.07% of their portfolio LONDON, X0 456,296456.3k $18.0m $18.0m 0.07% New
56 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 454,619454.6k $17.9m $17.9m 0.02% Added +86.5k +86,523
57 AQR Arbitrage LLC 0.76% of their portfolio Greenwich, CT 450,361450.4k $17.7m $17.7m 0.76% New
58 SYQUANT CAPITAL SAS 11.62% of their portfolio PARIS, I0 406,686406.7k $16.0m $16.0m 11.62% New
59 Versor Investments LP 2.77% of their portfolio New York, NY 405,945405.9k $16.0m $16.0m 2.77% New
60 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 403,077403.1k $15.9m $15.9m 0.00% Reduced -379.0k -379,019
61 PICTON MAHONEY ASSET MANAGEMENT 0.77% of their portfolio Toronto, A6 400,474400.5k $15.8m $15.8m 0.77% New
62 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 384,777384.8k $15.2m $15.2m 0.02% Added +297.4k +297,414
63 Chicago Capital Management, LLC 18.12% of their portfolio CHICAGO, IL 359,561359.6k $14.1m $14.1m 18.12% New
64 Nicholas Investment Partners, LP 0.88% of their portfolio RANCHO SANTA FE, CA 325,548325.5k $12.8m $12.8m 0.88% New
65 PRELUDE CAPITAL MANAGEMENT, LLC 1.06% of their portfolio NEW YORK, NY 324,802324.8k $12.8m $12.8m 1.06% Added +309.6k +309,573
66 Polar Asset Management Partners Inc. 0.25% of their portfolio TORONTO, A6 317,000317.0k $12.5m $12.5m 0.25% Reduced -315 -315
67 Candriam S.C.A. 0.09% of their portfolio STRASSEN, N4 315,832315.8k $12.4m $12.4m 0.09% Reduced -615.1k -615,098
68 Twin Securities, Inc. 9.57% of their portfolio New York, NY 311,549311.5k $12.3m $12.3m 9.57% New
69 SAMSARA BIOCAPITAL, LLC 2.13% of their portfolio PALO ALTO, CA 308,151308.2k $12.1m $12.1m 2.13% Reduced -378.7k -378,684
70 Governors Lane LP 2.88% of their portfolio NEW YORK, NY 303,500303.5k $11.9m $11.9m 2.88% New
71 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 299,796299.8k $11.8m $11.8m 0.01% Added +277.9k +277,924
72 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 297,957298.0k $11.7m $11.7m 0.02% Added +34.0k +33,992
73 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 285,932285.9k $11.2m $11.2m 0.02% Added +79.6k +79,596
74 Silphium Asset Management Ltd 5.37% of their portfolio London, X0 275,000275.0k $10.8m $10.8m 5.37% New
75 New York Life Investment Management LLC 0.11% of their portfolio New York, NY 274,472274.5k $10.8m $10.8m 0.11% New
76 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 264,937264.9k $10.4m $10.4m 0.01% Reduced -62.7k -62,740
77 Swiss National Bank 0.01% of their portfolio ZURICH, V8 254,000254.0k $10.0m $10.0m 0.01% Added +8.0k +8,000
78 Trium Capital LLP 2.71% of their portfolio LONDON, X0 245,597245.6k $9.7m $9.7m 2.71% New
79 Artia Global Partners LP 3.32% of their portfolio MIAMI, FL 244,861244.9k $9.6m $9.6m 3.32% Reduced -159.8k -159,754
80 Grantham, Mayo, Van Otterloo & Co. LLC 0.04% of their portfolio Boston, MA 244,050244.1k $9.6m $9.6m 0.04% New
81 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 235,648235.6k $9.3m $9.3m 0.01% Reduced -482.0k -482,022
82 Verition Fund Management LLC 0.14% of their portfolio GREENWICH, CT 225,146225.1k $8.9m $8.9m 0.14% New
83 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 223,993224.0k $8.8m $8.8m 0.01% Added +106.2k +106,193
84 Rafferty Asset Management, LLC 0.05% of their portfolio New York, NY 217,928217.9k $8.6m $8.6m 0.05% Reduced -97.5k -97,540
85 HARVEST MANAGEMENT LLC 8.57% of their portfolio New York, NY 213,500213.5k $8.4m $8.4m 8.57% New
86 Capula Management Ltd 1.00% of their portfolio Grand Cayman, E9 211,500211.5k $8.3m $8.3m 1.00% Not comparable
87 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 203,338203.3k $8.0m $8.0m 0.01% Reduced -354.5k -354,456
88 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 203,000203.0k $8.0m $8.0m 0.01% Added +13.3k +13,300
89 Berry Street Capital Management LLP 3.35% of their portfolio LONDON, X0 200,000200.0k $7.9m $7.9m 3.35% New
90 Murchinson Ltd. 1.01% of their portfolio TORONTO, A6 200,000200.0k $7.9m $7.9m 1.01% New
91 BARDIN HILL MANAGEMENT PARTNERS LP 2.05% of their portfolio NEW YORK, NY 198,009198.0k $7.8m $7.8m 2.05% New
92 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 196,612196.6k $7.7m $7.7m 0.01% Added +8.7k +8,734
93 Squarepoint Ops LLC 0.04% of their portfolio NEW YORK, NY 193,565193.6k $7.6m $7.6m 0.04% New
94 Ensign Peak Advisors, Inc 0.01% of their portfolio SALT LAKE CITY, UT 180,219180.2k $7.1m $7.1m 0.01% Reduced -332.0k -331,996
95 FNY Investment Advisers, LLC 9.01% of their portfolio NEW YORK, NY 180,106180.1k $7.1m $7.1m 9.01% New
96 Vazirani Asset Management LLC 12.59% of their portfolio NEW YORK, NY 180,000180.0k $7.1m $7.1m 12.59% New
97 PERCEPTIVE ADVISORS LLC 0.19% of their portfolio NEW YORK, NY 168,000168.0k $6.6m $6.6m 0.19% Reduced -332.0k -332,000
98 Driehaus Capital Management LLC 0.08% of their portfolio Chicago, IL 167,588167.6k $6.6m $6.6m 0.08% Reduced -366.2k -366,230
99 Hunting Hill Global Capital, LLC 3.78% of their portfolio New York, NY 160,100160.1k $6.3m $6.3m 3.78% New
100 Vestcor Inc 0.23% of their portfolio FREDERICTON, A3 160,000160.0k $6.3m $6.3m 0.23% New