Vault-13

PROVENTION BIO INC PRVB

COM · Common Stock · CUSIP 74374N102

183 institutional holders +51 vs Q4 2022
60,391,04160.4m shares reported held*
$1.5bnreported value*
74 new 52 added 35 reduced 26 sold out net bought ≈ $374.8m (+15.1m 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 ($4.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.23. Options: 14 managers hold calls ($45.6m notional), 13 hold puts ($27.1m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 112Q4 22: 132Q1 23: 183183Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022112
Q4 2022132
Q1 2023183

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 91 bought or addedQ4 22: 34 cut or sold outQ4 22Q1 23: 126 bought or addedQ1 23: 61 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20229134
Q1 202312661

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 22 calls: $4.5mQ3 22 puts: $1.2mQ3 22P/C 0.27Q4 22 calls: $19.4mQ4 22 puts: $4.5mQ4 22P/C 0.23Q1 23 calls: $45.6mQ1 23 puts: $27.1mQ1 23P/C 0.59
Numbers
QuarterCallsPutsP/C
Q3 2022$4.5m$1.2m0.27
Q4 2022$19.4m$4.5m0.23
Q1 2023$45.6m$27.1m0.59

Biggest buyers

Pentwater Capital Management LP New +3,135,000+3.1m
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) New +2,925,000+2.9m
Magnetar Financial LLC New +1,484,708+1.5m
ALPINE ASSOCIATES MANAGEMENT INC. New +1,364,900+1.4m
ADAGE CAPITAL PARTNERS GP, L.L.C. Added +1,121,755+1.1m
WATER ISLAND CAPITAL LLC New +953,407+953.4k
PSquared Asset Management AG New +766,183+766.2k
PICTET ASSET MANAGEMENT SA Added +760,089+760.1k
KRYGER CAPITAL Ltd New +754,282+754.3k
HSBC HOLDINGS PLC New +704,537+704.5k

Biggest sellers

Sessa Capital IM, L.P. Reduced -6,000,000-6.0m
Venrock Adviser, LLC Sold out -1,118,653-1.1m
Verition Fund Management LLC Sold out -838,716-838.7k
D. E. Shaw & Co., Inc. Reduced -653,687-653.7k
Invesco Ltd. Reduced -493,716-493.7k
TWO SIGMA INVESTMENTS, LP Reduced -485,130-485.1k
Ghost Tree Capital, LLC Sold out -400,000-400.0k
Informed Momentum Co LLC Sold out -276,250-276.2k
Global IMC LLC Sold out -209,856-209.9k
Cubist Systematic Strategies, LLC Reduced -164,859-164.9k

Biggest calls

JANE STREET GROUP, LLC Added $20.6m853.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.1m335.5k shares
GROUP ONE TRADING LLC Added $6.0m250.2k shares
CITADEL ADVISORS LLC Reduced $5.5m226.6k shares
SIMPLEX TRADING, LLC Reduced $1.6m67.9k shares
Maven Securities LTD New $1.4m60.0k shares
MILLENNIUM MANAGEMENT LLC New $723.0k30.0k shares
XR Securities LLC New $602.5k25.0k shares
WOLVERINE TRADING, LLC New $545.0k22.5k shares
Parallax Volatility Advisers, L.P. New $253.1k10.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $10.7m444.0k shares
MILLENNIUM MANAGEMENT LLC New $5.4m224.2k shares
SIMPLEX TRADING, LLC Added $3.6m148.3k shares
CAPSTONE INVESTMENT ADVISORS, LLC New $2.4m100.0k shares
GROUP ONE TRADING LLC Reduced $1.9m78.6k shares
Walleye Trading LLC New $1.1m46.2k shares
CITADEL ADVISORS LLC Reduced $684.4k28.4k shares
Yakira Capital Management, Inc. New $576.0k23.9k shares
JANE STREET GROUP, LLC Reduced $402.5k16.7k shares
WOLVERINE TRADING, LLC New $252.0k10.4k 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, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Sessa Capital IM, L.P. 8.81% of their portfolio NEW YORK, NY 8,879,0238.9m $214.0m $214.0m 8.81% Reduced -6.0m -6,000,000
2 BlackRock Inc. 0.00% of their portfolio New York, NY 5,666,3475.7m $136.6m $136.6m 0.00% Added +86.7k +86,743
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 4,178,4404.2m $100.7m $100.7m 0.00% Added +35.7k +35,696
4 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.20% of their portfolio Boston, MA 3,641,0123.6m $87.7m $87.7m 0.20% Added +1.1m +1,121,755
5 Pentwater Capital Management LP 1.25% of their portfolio Naples, FL 3,135,0003.1m $75.6m $75.6m 1.25% New
6 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 1.68% of their portfolio CHICAGO, IL 2,925,0002.9m $70.5m $70.5m 1.68% New
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,732,5061.7m $41.8m $41.8m 0.00% Added +174.3k +174,268
8 Magnetar Financial LLC 0.70% of their portfolio EVANSTON, IL 1,484,7081.5m $35.8m $35.8m 0.70% New
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,436,6891.4m $34.6m $34.6m 0.00% Added +114.5k +114,500
10 ALPINE ASSOCIATES MANAGEMENT INC. 1.76% of their portfolio PALM BEACH, FL 1,364,9001.4m $32.9m $32.9m 1.76% New
11 MPM BIOIMPACT LLC 7.35% of their portfolio BOSTON, MA 1,173,8091.2m $28.3m $28.3m 7.35% Added +275.3k +275,326
12 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 1,085,7051.1m $26.2m $26.2m 0.03% Added +662.4k +662,410
13 WATER ISLAND CAPITAL LLC 1.86% of their portfolio NEW YORK, NY 953,407953.4k $23.0m $23.0m 1.86% New
14 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 864,081864.1k $20.8m $20.8m 0.01% Added +644.8k +644,811
15 683 Capital Management, LLC 1.78% of their portfolio NEW YORK, NY 825,000825.0k $19.9m $19.9m 1.78% Added +275.0k +275,000
16 PICTET ASSET MANAGEMENT SA 0.02% of their portfolio GENEVA 73, V8 771,110771.1k $18.6m $18.6m 0.02% Added +760.1k +760,089
17 PSquared Asset Management AG 2.66% of their portfolio ZURICH, V8 766,183766.2k $18.5m $18.5m 2.66% New
18 KRYGER CAPITAL Ltd 3.17% of their portfolio LONDON, X0 754,282754.3k $18.2m $18.2m 3.17% New
19 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 704,537704.5k $17.1m $17.1m 0.02% New
20 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 666,227666.2k $16.1m $16.1m 0.01% Added +574.6k +574,627
21 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 641,249641.2k $15.5m $15.5m 0.00% Added +18.9k +18,895
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 622,650622.6k $15.0m $15.0m 0.00% Added +233.9k +233,944
23 AQR Arbitrage LLC 0.45% of their portfolio Greenwich, CT 603,355603.4k $14.5m $14.5m 0.45% New
24 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 588,758588.8k $14.2m $14.2m 0.05% New
25 Versor Investments LP 1.80% of their portfolio New York, NY 570,466570.5k $13.7m $13.7m 1.80% New
26 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 520,560520.6k $12.5m $12.5m 0.01% Added +477.8k +477,796
27 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio JUPITER, FL 499,080499.1k $12.0m $12.0m 0.06% Added +188.4k +188,387
28 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 489,613489.6k $11.8m $11.8m 0.02% Reduced -653.7k -653,687
29 Man Group plc 0.04% of their portfolio LONDON, X0 450,000450.0k $10.8m $10.8m 0.04% New
30 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 429,026429.0k $10.3m $10.3m 0.01% New
31 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 412,127412.1k $9.9m $9.9m 0.00% New
32 ARMISTICE CAPITAL, LLC 0.22% of their portfolio NEW YORK, NY 400,000400.0k $9.6m $9.6m 0.22% New
33 Palo Alto Investors LP 0.78% of their portfolio PALO ALTO, CA 390,800390.8k $9.4m $9.4m 0.78% Unchanged
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 363,758363.8k $8.8m $8.8m 0.01% Added +248.8k +248,847
35 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 337,165337.2k $8.1m $8.1m 0.00% Reduced -74.1k -74,141
36 FIL Ltd 0.01% of their portfolio HAMILTON, D0 329,000329.0k $7.9m $7.9m 0.01% New
37 UBS Group AG 0.00% of their portfolio ZURICH, V8 320,038320.0k $7.7m $7.7m 0.00% Added +276.8k +276,789
38 Crabel Capital Management, LLC 3.37% of their portfolio MILWAUKEE, WI 315,391315.4k $7.6m $7.6m 3.37% New
39 Lombard Odier Asset Management (Switzerland) SA 0.66% of their portfolio PETIT-LANCY, V8 314,862314.9k $7.6m $7.6m 0.66% Reduced -8.0k -8,033
40 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 306,298306.3k $7.4m $7.4m 0.01% Added +67.2k +67,225
41 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 305,059305.1k $7.4m $7.4m 0.00% Added +265.8k +265,755
42 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 297,400297.4k $7.2m $7.2m 0.01% New
43 WASHINGTON UNIVERSITY 1.85% of their portfolio ST LOUIS, MO 291,253291.3k $7.0m $7.0m 1.85% New
44 Ergoteles LLC 0.26% of their portfolio NEW YORK, NY 277,626277.6k $6.7m $6.7m 0.26% New
45 FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 0.38% of their portfolio TORONTO, A6 277,000277.0k $6.7m $6.7m 0.38% New
46 Chicago Capital Management, LLC 7.26% of their portfolio CHICAGO, IL 274,515274.5k $6.6m $6.6m 7.26% New
47 GABELLI FUNDS LLC 0.05% of their portfolio Rye, NY 271,810271.8k $6.6m $6.6m 0.05% New
48 ADVISORY RESEARCH INC 0.93% of their portfolio CHICAGO, IL 235,000235.0k $5.7m $5.7m 0.93% Reduced -53.7k -53,707
49 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 225,493225.5k $5.4m $5.4m 0.00% Reduced -39.6k -39,639
50 PICTON MAHONEY ASSET MANAGEMENT 0.27% of their portfolio Toronto, A6 225,000225.0k $5.4m $5.4m 0.27% New
51 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 213,914213.9k $5.2m $5.2m 0.01% Added +124.1k +124,144
52 PRELUDE CAPITAL MANAGEMENT, LLC 0.33% of their portfolio NEW YORK, NY 202,015202.0k $4.9m $4.9m 0.33% New
53 Carlson Capital, L.P. 0.45% of their portfolio DALLAS, TX 200,000200.0k $4.8m $4.8m 0.45% New
54 BARDIN HILL MANAGEMENT PARTNERS LP 1.13% of their portfolio NEW YORK, NY 189,526189.5k $4.6m $4.6m 1.13% New
55 1900 WEALTH MANAGEMENT LLC 0.20% of their portfolio SAN ANTONIO, TX 180,555180.6k $1.9m $1.9m 0.20% Unchanged
56 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 178,952179.0k $4.3m $4.3m 0.00% Added +2.5k +2,488
57 Swiss National Bank 0.00% of their portfolio ZURICH, V8 178,800178.8k $4.3m $4.3m 0.00% Reduced -8.3k -8,300
58 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 176,649176.6k $4.3m $4.3m 0.01% Reduced -85.0k -85,008
59 Odey Asset Management Group Ltd 1.07% of their portfolio LONDON, X0 170,019170.0k $4.1m $4.1m 1.07% New
60 Schonfeld Strategic Advisors LLC 0.04% of their portfolio NEW YORK, NY 163,116163.1k $3.9m $3.9m 0.04% Reduced -143.4k -143,430
61 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 154,314154.3k $3.7m $3.7m 0.02% Added +52.9k +52,943
62 GABELLI & Co INVESTMENT ADVISERS, INC. 0.69% of their portfolio Rye, NY 148,400148.4k $3.6m $3.6m 0.69% New
63 Woodline Partners LP 0.05% of their portfolio San Francisco, CA 140,701140.7k $3.4m $3.4m 0.05% New
64 Trium Capital LLP 1.39% of their portfolio LONDON, X0 136,641136.6k $3.3m $3.3m 1.39% New
65 CHANNEL WEALTH LLC 2.04% of their portfolio SANTA BARBARA, CA 131,335131.3k $3.2m $3.2m 2.04% First filing
66 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 116,324116.3k $2.8m $2.8m 0.00% Added +48.3k +48,279
67 DLD Asset Management, LP 0.27% of their portfolio NEW YORK, NY 111,000111.0k $2.7m $2.7m 0.27% New
68 Western Standard LLC 2.68% of their portfolio Los Angeles, CA 109,545109.5k $2.6m $2.6m 2.68% New
69 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 105,700105.7k $2.5m $2.5m 0.01% Reduced -485.1k -485,130
70 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 99,10599.1k $2.4m $2.4m 0.00% Added +49.4k +49,399
71 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 96,23696.2k $2.3m $2.3m 0.00% Added +3.8k +3,765
72 CABOT WEALTH MANAGEMENT INC 0.37% of their portfolio BEVERLY, MA 95,96696.0k $2.3m $2.3m 0.37% Reduced -88.3k -88,305
73 Sigma Planning Corp 0.07% of their portfolio ANN ARBOR, MI 92,50092.5k $2.2m $2.2m 0.07% Reduced -61.3k -61,290
74 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.01% of their portfolio SAN FRANCISCO, CA 90,00090.0k $2.2m $2.2m 0.01% Not comparable
75 Kapitalo Investimentos Ltda 0.70% of their portfolio SAO PAULO, D5 87,88187.9k $2.1m $2.1m 0.70% New
76 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 86,09586.1k $2.1m $2.1m 0.00% Added +4.8k +4,804
77 Olympiad Research LP 2.31% of their portfolio Stamford, CT 82,30582.3k $2.0m $2.0m 2.31% First filing
78 Vazirani Asset Management LLC 3.96% of their portfolio NEW YORK, NY 80,00080.0k $1.9m $1.9m 3.96% New
79 RAMIUS ADVISORS LLC 2.08% of their portfolio NEW YORK, NY 78,35678.4k $1.9m $1.9m 2.08% New
80 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 77,77577.8k $1.9m $1.9m 0.00% Added +1.7k +1,666
81 Kellner Capital, LLC 2.55% of their portfolio NEW YORK, NY 75,80075.8k $1.8m $1.8m 2.55% New
82 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 75,00075.0k $1.8m $1.8m 0.01% New
83 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 74,50074.5k $1.8m $1.8m 0.00% New
84 RICE HALL JAMES & ASSOCIATES, LLC 0.10% of their portfolio San Diego, CA 72,17672.2k $1.7m $1.7m 0.10% Reduced -109.8k -109,804
85 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 70,46670.5k $1.7m $1.7m 0.01% Reduced -7.2k -7,196
86 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 70,00070.0k $1.7m $1.7m 0.00% Unchanged
87 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 67,64767.6k $1.6m $1.6m 0.00% Added +314 +314
88 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 66,98067.0k $1.6m $1.6m 0.02% New
89 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 64,55064.5k $1.6m $1.6m 0.01% Reduced -164.9k -164,859
90 FNY Investment Advisers, LLC 1.59% of their portfolio NEW YORK, NY 57,17257.2k $1.4m $1.4m 1.59% New
91 Mint Tower Capital Management B.V. 0.19% of their portfolio AMSTERDAM, P7 56,79056.8k $1.4m $1.4m 0.19% New
92 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 56,18856.2k $1.4m $1.4m 0.00% Added +17.5k +17,532
93 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 56,10156.1k $1.4m $1.4m 0.00% Reduced -3.7k -3,747
94 Engineers Gate Manager LP 0.05% of their portfolio NEW YORK, NY 50,21550.2k $1.2m $1.2m 0.05% Added +18.1k +18,067
95 Gotham Asset Management, LLC 0.03% of their portfolio NEW YORK, NY 49,29949.3k $1.2m $1.2m 0.03% Added +17.7k +17,704
96 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 49,15649.2k $1.2m $1.2m 0.02% Added +38.8k +38,802
97 SIMPLEX TRADING, LLC 0.05% of their portfolio CHICAGO, IL 47,34547.3k $1.1m $1.1m 0.05% Reduced -2.0k -2,035
98 Flow State Investments, L.P. 0.88% of their portfolio CHICAGO, IL 44,30044.3k $1.1m $1.1m 0.88% New
99 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 41,15041.1k $991.7k $991.7k 0.00% Reduced -493.7k -493,716
100 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 41,10041.1k $991.0k $991.0k 0.00% New