Vault-13

REVANCE THERAPEUTICS INC RVNC

COM · Common Stock · CUSIP 761330109 · ISIN US7613301099

218 institutional holders +25 vs Q4 2022
78,303,00378.3m shares reported held*
$2.5bnreported value*
49 new 63 added 74 reduced 24 sold out net bought ≈ $165.8m (+4.9m 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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $32.31. Options: 17 managers hold calls ($57.2m notional), 16 hold puts ($22.6m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 182Q4 22: 193Q1 23: 218218Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022182
Q4 2022193
Q1 2023218

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 112 bought or addedQ4 22: 76 cut or sold outQ4 22Q1 23: 112 bought or addedQ1 23: 98 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 202211276
Q1 202311298

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ3 22 calls: $239.2mQ3 22 puts: $90.9mQ3 22P/C 0.38Q4 22 calls: $155.6mQ4 22 puts: $57.2mQ4 22P/C 0.37Q1 23 calls: $57.2mQ1 23 puts: $22.6mQ1 23P/C 0.40
Numbers
QuarterCallsPutsP/C
Q3 2022$239.2m$90.9m0.38
Q4 2022$155.6m$57.2m0.37
Q1 2023$57.2m$22.6m0.40

Biggest buyers

Thrivent Financial for Lutherans Added +1,946,680+1.9m
ALLIANCEBERNSTEIN L.P. Added +1,894,157+1.9m
FMR LLC Added +1,881,209+1.9m
D. E. Shaw & Co., Inc. Added +952,991+953.0k
Capital World Investors Added +595,945+595.9k
VICTORY CAPITAL MANAGEMENT INC Added +567,555+567.6k
Jericho Capital Asset Management L.P. Added +503,000+503.0k
LORD, ABBETT & CO. LLC New +463,552+463.6k
Allspring Global Investments Holdings, LLC Added +442,726+442.7k
TWO SIGMA ADVISERS, LP Added +383,800+383.8k

Biggest sellers

BlackRock Inc. Reduced -934,799-934.8k
PERCEPTIVE ADVISORS LLC Sold out -729,097-729.1k
Polar Capital Holdings Plc Reduced -680,791-680.8k
JENNISON ASSOCIATES LLC Reduced -392,720-392.7k
MILLENNIUM MANAGEMENT LLC Reduced -385,262-385.3k
Holocene Advisors, LP Reduced -370,245-370.2k
Walleye Capital LLC Reduced -228,333-228.3k
Rhenman & Partners Asset Management AB Reduced -208,000-208.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -207,453-207.5k
BAMCO INC /NY/ Reduced -188,225-188.2k

Biggest calls

Caption Management, LLC Reduced $18.9m585.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.4m260.9k shares
CITIGROUP INC Reduced $7.4m229.6k shares
JANE STREET GROUP, LLC Reduced $6.7m206.8k shares
CITADEL ADVISORS LLC Added $4.6m142.7k shares
HAP Trading, LLC New $2.7m253.4k shares
UBS Group AG Reduced $2.3m70.0k shares
WOLVERINE TRADING, LLC Added $2.2m71.2k shares
SIMPLEX TRADING, LLC Added $1.6m49.2k shares
GROUP ONE TRADING LLC Reduced $647.4k20.1k shares

Biggest puts

GROUP ONE TRADING LLC Added $7.9m246.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.3m103.7k shares
Caption Management, LLC Reduced $3.0m93.5k shares
CITIGROUP INC Reduced $1.7m53.0k shares
Centiva Capital, LP New $1.6m50.0k shares
CITADEL ADVISORS LLC Reduced $1.6m49.6k shares
WOLVERINE TRADING, LLC Reduced $1.0m33.5k shares
JANE STREET GROUP, LLC Reduced $589.4k18.3k shares
SIMPLEX TRADING, LLC Reduced $489.0k15.2k shares
J. Goldman & Co LP New $434.8k13.5k 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
Teoxane SA 13D · may seek influence no change · filed 2025-01-30
Stated purposeOn December 9, 2024, the Issuer announced its entry into an Amended and Restated Agreement and Plan of Merger (as amended by Amendment, dated December 11, 2024, the "A&R Merger Agreement") with Crown Laboratories, Inc. and Reb Merger Sub, Inc. (collectively, "Crown"), pursuant to which Crown commenced a tender offer (the "Tender Offer") on December 12, 2024 to purchase all of the outstanding shares of Common Stock at a price of $3.10 per share (such price, the "Offer Price"). On January 6, 2025, the Reporting Person submitted a proposal (the "Proposal") to the chairman of the board of directors and the chief executive officer of the Issuer proposing a transaction (the "Proposed Transaction") pursuant to which the Reporting Person would purchase all of the outstanding shares of Common Stoc… Full filing
 6.2% no change 6.6m 2025-01-30

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital World Investors 0.07% of their portfolio LOS ANGELES, CA 10,076,10110.1m $324.6m $324.6m 0.07% Added +595.9k +595,945
2 BlackRock Inc. 0.01% of their portfolio New York, NY 6,139,0646.1m $197.7m $197.7m 0.01% Reduced -934.8k -934,799
3 Palo Alto Investors LP 14.06% of their portfolio PALO ALTO, CA 5,270,2095.3m $169.8m $169.8m 14.06% Reduced -13.4k -13,400
4 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 5,164,1575.2m $166.3m $166.3m 0.02% Added +149.7k +149,735
5 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 4,599,7454.6m $148.2m $148.2m 0.00% Added +103.4k +103,429
6 Polar Capital Holdings Plc 0.98% of their portfolio London, X0 4,167,8424.2m $134.2m $134.2m 0.98% Reduced -680.8k -680,791
7 FMR LLC 0.01% of their portfolio BOSTON, MA 3,690,4643.7m $118.9m $118.9m 0.01% Added +1.9m +1,881,209
8 D. E. Shaw & Co., Inc. 0.12% of their portfolio New York, NY 2,291,9112.3m $73.8m $73.8m 0.12% Added +953.0k +952,991
9 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 2,274,4912.3m $73.3m $73.3m 0.04% Reduced -110.1k -110,099
10 Thrivent Financial for Lutherans 0.16% of their portfolio Minneapolis, MN 2,020,9812.0m $65.1m $65.1m 0.16% Added +1.9m +1,946,680
11 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 1,978,5572.0m $63.7m $63.7m 0.03% Added +1.9m +1,894,157
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,947,7631.9m $62.7m $62.7m 0.00% Reduced -101.8k -101,832
13 JENNISON ASSOCIATES LLC 0.05% of their portfolio NEW YORK, NY 1,633,3051.6m $52.6m $52.6m 0.05% Reduced -392.7k -392,720
14 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,596,5141.6m $51.4m $51.4m 0.01% Added +62.1k +62,069
15 TWO SIGMA ADVISERS, LP 0.13% of their portfolio NEW YORK, NY 1,549,5001.5m $49.9m $49.9m 0.13% Added +383.8k +383,800
16 Allspring Global Investments Holdings, LLC 0.08% of their portfolio CHARLOTTE, NC 1,537,2501.5m $49.5m $49.5m 0.08% Added +442.7k +442,726
17 Jericho Capital Asset Management L.P. 1.92% of their portfolio LOS ANGELES, CA 1,438,6691.4m $46.3m $46.3m 1.92% Added +503.0k +503,000
18 TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio NEW YORK, NY 1,374,3381.4m $44.3m $44.3m 0.13% Added +23.2k +23,184
19 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 1,141,1601.1m $36.8m $36.8m 0.01% Reduced -153.5k -153,515
20 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,098,2901.1m $35.4m $35.4m 0.01% Reduced -113.6k -113,570
21 BAMCO INC /NY/ 0.10% of their portfolio NEW YORK, NY 1,069,4831.1m $34.4m $34.4m 0.10% Reduced -188.2k -188,225
22 Holocene Advisors, LP 0.15% of their portfolio New York, NY 936,415936.4k $30.2m $30.2m 0.15% Reduced -370.2k -370,245
23 RICE HALL JAMES & ASSOCIATES, LLC 1.48% of their portfolio San Diego, CA 809,176809.2k $26.1m $26.1m 1.48% Reduced -66.3k -66,320
24 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 806,100806.1k $26.0m $26.0m 0.01% Added +12.7k +12,667
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 733,976734.0k $23.6m $23.6m 0.00% Reduced -64.8k -64,820
26 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 607,335607.3k $19.6m $19.6m 0.01% Added +717 +717
27 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 598,685598.7k $19.3m $19.3m 0.02% Added +567.6k +567,555
28 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 463,552463.6k $14.9m $14.9m 0.03% New
29 Essex Woodlands Management, Inc. 8.52% of their portfolio THE WOODLANDS, TX 457,085457.1k $14.7m $14.7m 8.52% Unchanged
30 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 402,282402.3k $13.0m $13.0m 0.00% Reduced -98.6k -98,565
31 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 309,379309.4k $10.0m $10.0m 0.00% Reduced -3.3k -3,316
32 BLAIR WILLIAM & CO/IL 0.04% of their portfolio CHICAGO, IL 306,877306.9k $9.9m $9.9m 0.04% Added +181.4k +181,372
33 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 305,259305.3k $9.8m $9.8m 0.02% Reduced -186.2k -186,183
34 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 305,181305.2k $9.8m $9.8m 0.02% Added +82.4k +82,382
35 GREAT LAKES ADVISORS, LLC 0.09% of their portfolio CHICAGO, IL 299,901299.9k $9.7m $9.7m 0.09% New
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 290,000290.0k $9.3m $9.3m 0.00% Added +114.1k +114,091
37 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 286,151286.2k $9.2m $9.2m 0.02% Added +114.3k +114,296
38 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 280,982281.0k $9.1m $9.1m 0.00% Added +46.7k +46,713
39 Walleye Capital LLC 0.18% of their portfolio NEW YORK, NY 280,362280.4k $9.0m $9.0m 0.18% Reduced -228.3k -228,333
40 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 277,935277.9k $9.0m $9.0m 0.01% Reduced -30.6k -30,629
41 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 274,799274.8k $8.9m $8.9m 0.02% Added +249.3k +249,255
42 Public Sector Pension Investment Board 0.06% of their portfolio MONTREAL, A8 254,000254.0k $8.2m $8.2m 0.06% Added +120.0k +120,000
43 Ghost Tree Capital, LLC 3.05% of their portfolio NEW YORK, NY 250,000250.0k $8.1m $8.1m 3.05% Reduced -50.0k -50,000
44 Integral Health Asset Management, LLC 1.67% of their portfolio New York, NY 250,000250.0k $8.1m $8.1m 1.67% Added +10.0k +10,000
45 Man Group plc 0.03% of their portfolio LONDON, X0 249,774249.8k $8.0m $8.0m 0.03% New
46 Granahan Investment Management, LLC 0.24% of their portfolio WALTHAM, MA 243,462243.5k $7.8m $7.8m 0.24% Reduced -104.6k -104,602
47 Rhenman & Partners Asset Management AB 0.79% of their portfolio Stockholm, V7 230,000230.0k $7.2m $7.2m 0.79% Reduced -208.0k -208,000
48 CIBC Asset Management Inc 0.03% of their portfolio TORONTO, Z4 226,668226.7k $7.3m $7.3m 0.03% Reduced -185.2k -185,169
49 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 221,566221.6k $7.1m $7.1m 0.00% Added +155.1k +155,131
50 Assenagon Asset Management S.A. 0.02% of their portfolio SENNINGERBERG, N4 194,911194.9k $6.3m $6.3m 0.02% Added +2.6k +2,552
51 INTERNATIONAL BIOTECHNOLOGY TRUST PLC 1.64% of their portfolio London, X0 183,000183.0k $5.9m $5.9m 1.64% Added +63.0k +63,000
52 Swiss National Bank 0.00% of their portfolio ZURICH, V8 177,550177.6k $5.7m $5.7m 0.00% Reduced -18.3k -18,300
53 Cubist Systematic Strategies, LLC 0.05% of their portfolio STAMFORD, CT 173,686173.7k $5.6m $5.6m 0.05% Reduced -109.1k -109,141
54 CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio TORONTO ONTARIO, A6 167,568167.6k $5.4m $5.4m 0.01% New
55 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio JUPITER, FL 165,026165.0k $5.3m $5.3m 0.03% Reduced -94.4k -94,427
56 NORGES BANK 0.00% of their portfolio OSLO, Q8 161,000161.0k $5.2m $5.2m 0.00% Unchanged
57 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 138,846138.8k $4.5m $4.5m 0.00% Added +8.8k +8,841
58 Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio VANCOUVER, A1 131,452131.5k $4.2m $4.2m 0.02% New
59 UBS Group AG 0.00% of their portfolio ZURICH, V8 131,289131.3k $4.2m $4.2m 0.00% Added +58.5k +58,464
60 PICTON MAHONEY ASSET MANAGEMENT 0.21% of their portfolio Toronto, A6 129,355129.4k $4.2m $4.2m 0.21% Added +29.4k +29,375
61 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 112,567112.6k $3.6m $3.6m 0.00% Reduced -385.3k -385,262
62 ESSEX INVESTMENT MANAGEMENT CO LLC 0.51% of their portfolio BOSTON, MA 108,613108.6k $3.5m $3.5m 0.51% Added +40.7k +40,680
63 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 106,611106.6k $3.4m $3.4m 0.00% Added +4.0k +3,961
64 EULAV Asset Management 0.13% of their portfolio SARASOTA, FL 105,000105.0k $3.4m $3.4m 0.13% Reduced -65.0k -65,000
65 CASTLEARK MANAGEMENT LLC 0.16% of their portfolio CHICAGO, IL 102,587102.6k $3.3m $3.3m 0.16% Added +44.2k +44,220
66 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 102,316102.3k $3.3m $3.3m 0.00% Reduced -432 -432
67 TWINBEECH CAPITAL LP 0.06% of their portfolio PURCHASE, NY 98,68498.7k $3.2m $3.2m 0.06% Reduced -68.8k -68,798
68 Waypoint Capital Advisors, LLC 0.95% of their portfolio Minneapolis, MN 90,98991.0k $2.9m $2.9m 0.95% Added +37.0k +37,000
69 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 90,91490.9k $2.9m $2.9m 0.00% Added +11.9k +11,928
70 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 89,22989.2k $2.9m $2.9m 0.02% Added +3.2k +3,168
71 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 88,76888.8k $2.9m $2.9m 0.01% Reduced -51 -51
72 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 86,15586.2k $2.8m $2.8m 0.00% New
73 DekaBank Deutsche Girozentrale 0.01% of their portfolio FRANKFURT, 2M 86,10086.1k $2.7m $2.7m 0.01% Unchanged
74 Informed Momentum Co LLC 0.51% of their portfolio SOLANA BEACH, CA 79,90579.9k $2.6m $2.6m 0.51% New
75 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 73,21673.2k $2.4m $2.4m 0.01% Reduced -8.1k -8,098
76 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 70,22170.2k $2.3m $2.3m 0.01% Reduced -32.0k -31,987
77 Evolutionary Tree Capital Management, LLC 2.98% of their portfolio ALEXANDRIA, VA 66,82566.8k $2.2m $2.2m 2.98% Reduced -113.8k -113,829
78 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 61,57361.6k $2.0m $2.0m 0.00% Added +2.0k +2,013
79 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 57,51857.5k $1.9m $1.9m 0.00% Reduced -100.8k -100,801
80 Quantbot Technologies LP 0.13% of their portfolio NEW YORK, NY 55,92455.9k $1.8m $1.8m 0.13% Added +45.2k +45,152
81 J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio SAN FRANCISCO, CA 55,81055.8k $1.8m $1.8m 0.00% Added +21.7k +21,689
82 GILDER GAGNON HOWE & CO LLC 0.03% of their portfolio New York, NY 55,51755.5k $1.8m $1.8m 0.03% Added +2.6k +2,578
83 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 55,00155.0k $1.8m $1.8m 0.02% Reduced -116.3k -116,350
84 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 54,01754.0k $1.7m $1.7m 0.00% Reduced -30.2k -30,220
85 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 53,66553.7k $1.7m $1.7m 0.00% Reduced -207.5k -207,453
86 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 53,02153.0k $1.7m $1.7m 0.01% Reduced -88.9k -88,859
87 ORBIMED ADVISORS LLC 0.03% of their portfolio New York, NY 50,00050.0k $1.6m $1.6m 0.03% New
88 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 46,52046.5k $1.5m $1.5m 0.00% New
89 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 43,81343.8k $1.4m $1.4m 0.00% Reduced -19.9k -19,879
90 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 42,79342.8k $1.4m $1.4m 0.00% Reduced -572 -572
91 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 42,49042.5k $1.4m $1.4m 0.00% Reduced -10.1k -10,118
92 Legal & General Group Plc 0.00% of their portfolio London, X0 42,37742.4k $1.4m $1.4m 0.00% Added +7.6k +7,635
93 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 42,32742.3k $1.4m $1.4m 0.01% Unchanged
94 Engineers Gate Manager LP 0.05% of their portfolio NEW YORK, NY 40,68440.7k $1.3m $1.3m 0.05% Added +7.2k +7,167
95 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 38,96739.0k $1.3m $1.3m 0.01% Added +775 +775
96 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 38,62638.6k $1.2m $1.2m 0.00% Added +24.8k +24,831
97 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 37,04237.0k $1.2m $1.2m 0.00% Reduced -40 -40
98 Ensign Peak Advisors, Inc 0.00% of their portfolio SALT LAKE CITY, UT 37,00037.0k $1.2m $1.2m 0.00% Unchanged
99 Alpha DNA Investment Management LLC 0.55% of their portfolio Columbia, MD 33,55233.6k $1.1m $1.1m 0.55% New
100 Legato Capital Management LLC 0.20% of their portfolio San Francisco, CA 33,44233.4k $1.1m $1.1m 0.20% Unchanged