Vault-13

REVANCE THERAPEUTICS INC RVNC

COM · Common Stock · CUSIP 761330109 · ISIN US7613301099

216 institutional holders -2 vs Q1 2023
82,777,03382.8m shares reported held*
$2.1bnreported value*
37 new 86 added 61 reduced 39 sold out net bought ≈ $114.5m (+4.8m 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 ($8.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.32. Options: 16 managers hold calls ($36.5m notional), 16 hold puts ($20.2m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 182Q4 22: 193Q1 23: 218Q2 23: 216216Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022182
Q4 2022193
Q1 2023218
Q2 2023216

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 23Q2 23: 123 bought or addedQ2 23: 100 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202211276
Q1 202311298
Q2 2023123100

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 0.40Q2 23 calls: $36.5mQ2 23 puts: $20.2mQ2 23P/C 0.56
Numbers
QuarterCallsPutsP/C
Q3 2022$239.2m$90.9m0.38
Q4 2022$155.6m$57.2m0.37
Q1 2023$57.2m$22.6m0.40
Q2 2023$36.5m$20.2m0.56

Biggest buyers

LORD, ABBETT & CO. LLC Added +2,033,620+2.0m
Invesco Ltd. Added +1,527,259+1.5m
Thrivent Financial for Lutherans Added +1,226,338+1.2m
DEERFIELD MANAGEMENT COMPANY, L.P. New +870,000+870.0k
Point72 Asset Management, L.P. New +676,433+676.4k
GOLDMAN SACHS GROUP INC Added +642,612+642.6k
ALLIANCEBERNSTEIN L.P. Added +617,706+617.7k
PRINCIPAL FINANCIAL GROUP INC Added +589,229+589.2k
BlackRock Inc. Added +387,524+387.5k
Ghost Tree Capital, LLC Added +275,000+275.0k

Biggest sellers

FMR LLC Reduced -1,734,549-1.7m
Jericho Capital Asset Management L.P. Sold out -1,438,669-1.4m
TWO SIGMA INVESTMENTS, LP Reduced -557,499-557.5k
Capital World Investors Reduced -501,227-501.2k
JPMORGAN CHASE & CO Reduced -470,269-470.3k
TWO SIGMA ADVISERS, LP Reduced -425,500-425.5k
Allspring Global Investments Holdings, LLC Reduced -405,889-405.9k
D. E. Shaw & Co., Inc. Reduced -280,242-280.2k
RICE HALL JAMES & ASSOCIATES, LLC Reduced -256,681-256.7k
Man Group plc Sold out -249,774-249.8k

Biggest calls

Caption Management, LLC Reduced $14.4m569.8k shares
JANE STREET GROUP, LLC Added $7.1m279.8k shares
CITIGROUP INC Reduced $4.0m159.9k shares
CITADEL ADVISORS LLC Reduced $3.1m121.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.0m80.7k shares
SIMPLEX TRADING, LLC Reduced $1.1m44.5k shares
MILLENNIUM MANAGEMENT LLC New $944.1k37.3k shares
GROUP ONE TRADING LLC Added $921.3k36.4k shares
HAP Trading, LLC Reduced $800.0k250.0k shares
WOLVERINE TRADING, LLC Reduced $686.7k27.8k shares

Biggest puts

GROUP ONE TRADING LLC Added $7.3m286.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.4m134.2k shares
Caption Management, LLC Added $3.1m123.9k shares
CITADEL ADVISORS LLC Added $1.3m52.1k shares
Centiva Capital, LP Unchanged $1.3m50.0k shares
WOLVERINE TRADING, LLC Reduced $817.6k33.1k shares
CITIGROUP INC Reduced $708.7k28.0k shares
Parallax Volatility Advisers, L.P. New $632.8k25.0k shares
Jefferies Financial Group Inc. New $582.1k23.0k shares
SIMPLEX TRADING, LLC Added $412.0k16.3k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital World Investors 0.05% of their portfolio LOS ANGELES, CA 9,574,8749.6m $242.3m $242.3m 0.05% Reduced -501.2k -501,227
2 BlackRock Inc. 0.00% of their portfolio New York, NY 6,526,5886.5m $165.2m $165.2m 0.00% Added +387.5k +387,524
3 Palo Alto Investors LP 10.69% of their portfolio PALO ALTO, CA 5,228,6095.2m $132.3m $132.3m 10.69% Reduced -41.6k -41,600
4 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 4,693,8884.7m $118.8m $118.8m 0.01% Reduced -470.3k -470,269
5 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 4,652,7764.7m $117.8m $117.8m 0.00% Added +53.0k +53,031
6 Polar Capital Holdings Plc 0.72% of their portfolio London, X0 4,167,8424.2m $105.5m $105.5m 0.72% Unchanged
7 Thrivent Financial for Lutherans 0.19% of their portfolio Minneapolis, MN 3,247,3193.2m $82.2m $82.2m 0.19% Added +1.2m +1,226,338
8 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 2,596,2632.6m $65.7m $65.7m 0.03% Added +617.7k +617,706
9 LORD, ABBETT & CO. LLC 0.11% of their portfolio JERSEY CITY, NJ 2,497,1722.5m $63.2m $63.2m 0.11% Added +2.0m +2,033,620
10 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 2,262,4792.3m $57.3m $57.3m 0.03% Reduced -12.0k -12,012
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,050,7822.1m $51.9m $51.9m 0.00% Added +103.0k +103,019
12 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 2,011,6692.0m $50.9m $50.9m 0.08% Reduced -280.2k -280,242
13 FMR LLC 0.00% of their portfolio BOSTON, MA 1,955,9152.0m $49.5m $49.5m 0.00% Reduced -1.7m -1,734,549
14 JENNISON ASSOCIATES LLC 0.04% of their portfolio NEW YORK, NY 1,839,2671.8m $46.6m $46.6m 0.04% Added +206.0k +205,962
15 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,748,8251.7m $44.3m $44.3m 0.01% Added +1.5m +1,527,259
16 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,740,9021.7m $44.1m $44.1m 0.01% Added +642.6k +642,612
17 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,695,5101.7m $42.9m $42.9m 0.01% Added +99.0k +98,996
18 Allspring Global Investments Holdings, LLC 0.05% of their portfolio CHARLOTTE, NC 1,131,3611.1m $28.6m $28.6m 0.05% Reduced -405.9k -405,889
19 TWO SIGMA ADVISERS, LP 0.07% of their portfolio NEW YORK, NY 1,124,0001.1m $28.4m $28.4m 0.07% Reduced -425.5k -425,500
20 BAMCO INC /NY/ 0.08% of their portfolio NEW YORK, NY 1,122,6661.1m $28.4m $28.4m 0.08% Added +53.2k +53,183
21 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 1,045,2891.0m $26.5m $26.5m 0.01% Reduced -95.9k -95,871
22 DEERFIELD MANAGEMENT COMPANY, L.P. 0.47% of their portfolio New York, NY 870,000870.0k $22.0m $22.0m 0.47% New
23 Holocene Advisors, LP 0.09% of their portfolio New York, NY 842,563842.6k $21.3m $21.3m 0.09% Reduced -93.9k -93,852
24 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 829,774829.8k $21.0m $21.0m 0.00% Added +23.7k +23,674
25 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 816,839816.8k $20.7m $20.7m 0.06% Reduced -557.5k -557,499
26 Point72 Asset Management, L.P. 0.06% of their portfolio STAMFORD, CT 676,433676.4k $17.1m $17.1m 0.06% New
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 639,756639.8k $16.2m $16.2m 0.00% Reduced -94.2k -94,220
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 627,045627.0k $15.9m $15.9m 0.00% Added +19.7k +19,710
29 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 620,489620.5k $15.7m $15.7m 0.01% Added +589.2k +589,229
30 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 564,355564.4k $14.3m $14.3m 0.02% Reduced -34.3k -34,330
31 RICE HALL JAMES & ASSOCIATES, LLC 0.79% of their portfolio San Diego, CA 552,495552.5k $14.0m $14.0m 0.79% Reduced -256.7k -256,681
32 Ghost Tree Capital, LLC 4.80% of their portfolio NEW YORK, NY 525,000525.0k $13.3m $13.3m 4.80% Added +275.0k +275,000
33 BLAIR WILLIAM & CO/IL 0.05% of their portfolio CHICAGO, IL 496,275496.3k $12.6m $12.6m 0.05% Added +189.4k +189,398
34 Essex Woodlands Management, Inc. 8.76% of their portfolio THE WOODLANDS, TX 457,085457.1k $11.6m $11.6m 8.76% Unchanged
35 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio JUPITER, FL 431,096431.1k $10.9m $10.9m 0.05% Added +266.1k +266,070
36 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 402,394402.4k $10.2m $10.2m 0.00% Added +112 +112
37 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 372,509372.5k $9.4m $9.4m 0.00% Added +63.1k +63,130
38 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 345,458345.5k $8.7m $8.7m 0.01% Added +232.9k +232,891
39 Granahan Investment Management, LLC 0.23% of their portfolio WALTHAM, MA 288,927288.9k $7.3m $7.3m 0.23% Added +45.5k +45,465
40 INTERNATIONAL BIOTECHNOLOGY TRUST PLC 2.22% of their portfolio London, X0 288,726288.7k $7.3m $7.3m 2.22% Added +105.7k +105,726
41 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 282,146282.1k $7.1m $7.1m 0.00% Reduced -7.9k -7,854
42 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 280,758280.8k $7.1m $7.1m 0.00% Added +2.8k +2,823
43 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 271,079271.1k $6.9m $6.9m 0.01% Reduced -15.1k -15,072
44 Cubist Systematic Strategies, LLC 0.07% of their portfolio STAMFORD, CT 260,807260.8k $6.6m $6.6m 0.07% Added +87.1k +87,121
45 Public Sector Pension Investment Board 0.05% of their portfolio MONTREAL, A8 254,000254.0k $6.4m $6.4m 0.05% Unchanged
46 Integral Health Asset Management, LLC 0.83% of their portfolio New York, NY 250,000250.0k $6.3m $6.3m 0.83% Unchanged
47 M&G INVESTMENT MANAGEMENT LTD 0.04% of their portfolio London, X0 246,098246.1k $6.2m $6.2m 0.04% New
48 CIBC Asset Management Inc 0.02% of their portfolio TORONTO, Z4 233,006233.0k $5.9m $5.9m 0.02% Added +6.3k +6,338
49 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 221,809221.8k $5.6m $5.6m 0.01% Reduced -83.4k -83,372
50 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 213,116213.1k $5.4m $5.4m 0.00% Reduced -67.9k -67,866
51 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 210,517210.5k $5.3m $5.3m 0.01% New
52 Driehaus Capital Management LLC 0.06% of their portfolio Chicago, IL 201,566201.6k $5.1m $5.1m 0.06% New
53 GREAT LAKES ADVISORS, LLC 0.05% of their portfolio CHICAGO, IL 195,290195.3k $4.9m $4.9m 0.05% Reduced -104.6k -104,611
54 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 195,050195.1k $4.9m $4.9m 0.01% Reduced -110.2k -110,209
55 Swiss National Bank 0.00% of their portfolio ZURICH, V8 182,550182.6k $4.6m $4.6m 0.00% Added +5.0k +5,000
56 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 182,189182.2k $4.6m $4.6m 0.01% New
57 TWINBEECH CAPITAL LP 0.09% of their portfolio PURCHASE, NY 171,166171.2k $4.3m $4.3m 0.09% Added +72.5k +72,482
58 NORGES BANK 0.00% of their portfolio OSLO, Q8 161,000161.0k $4.1m $4.1m 0.00% Unchanged
59 EULAV Asset Management 0.15% of their portfolio SARASOTA, FL 160,000160.0k $4.0m $4.0m 0.15% Added +55.0k +55,000
60 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 142,188142.2k $3.6m $3.6m 0.00% Added +3.3k +3,342
61 Sio Capital Management, LLC 1.27% of their portfolio NEW YORK, NY 141,500141.5k $3.6m $3.6m 1.27% New
62 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 139,738139.7k $3.5m $3.5m 0.01% Added +86.1k +86,073
63 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 138,597138.6k $3.5m $3.5m 0.01% Added +85.6k +85,576
64 PICTON MAHONEY ASSET MANAGEMENT 0.17% of their portfolio Toronto, A6 134,388134.4k $3.4m $3.4m 0.17% Added +5.0k +5,033
65 UBS Group AG 0.00% of their portfolio ZURICH, V8 130,025130.0k $3.3m $3.3m 0.00% Reduced -1.3k -1,264
66 Jump Financial, LLC 0.12% of their portfolio Chicago, IL 129,067129.1k $3.3m $3.3m 0.12% New
67 CASTLEARK MANAGEMENT LLC 0.14% of their portfolio CHICAGO, IL 125,727125.7k $3.2m $3.2m 0.14% Added +23.1k +23,140
68 Rhenman & Partners Asset Management AB 0.33% of their portfolio Stockholm, V7 123,000123.0k $3.1m $3.1m 0.33% Reduced -107.0k -107,000
69 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 116,026116.0k $2.9m $2.9m 0.00% Added +9.4k +9,415
70 Walleye Capital LLC 0.05% of their portfolio NEW YORK, NY 113,788113.8k $2.9m $2.9m 0.05% Reduced -166.6k -166,574
71 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 111,987112.0k $2.8m $2.8m 0.00% Reduced -162.8k -162,812
72 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 108,916108.9k $2.8m $2.8m 0.00% New
73 ESSEX INVESTMENT MANAGEMENT CO LLC 0.38% of their portfolio BOSTON, MA 108,860108.9k $2.8m $2.8m 0.38% Added +247 +247
74 Woodline Partners LP 0.03% of their portfolio San Francisco, CA 107,580107.6k $2.7m $2.7m 0.03% New
75 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 101,534101.5k $2.6m $2.6m 0.00% Reduced -782 -782
76 ORBIMED ADVISORS LLC 0.05% of their portfolio New York, NY 100,000100.0k $2.5m $2.5m 0.05% Added +50.0k +50,000
77 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 95,65195.7k $2.4m $2.4m 0.00% Added +6.9k +6,883
78 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 93,17893.2k $2.4m $2.4m 0.01% Added +20.0k +19,962
79 Waypoint Capital Advisors, LLC 0.72% of their portfolio Minneapolis, MN 90,98991.0k $2.3m $2.3m 0.72% Unchanged
80 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% Unchanged
81 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 90,52890.5k $2.3m $2.3m 0.00% New
82 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 86,10086.1k $2.1m $2.1m 0.00% Unchanged
83 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 84,00084.0k $2.1m $2.1m 0.02% Added +29.0k +28,999
84 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 78,39778.4k $2.0m $2.0m 0.01% Added +8.2k +8,176
85 Legal & General Group Plc 0.00% of their portfolio London, X0 77,91877.9k $2.0m $2.0m 0.00% Added +35.5k +35,541
86 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 72,00772.0k $1.8m $1.8m 0.00% Added +18.0k +17,990
87 SEVEN EIGHT CAPITAL, LP 0.30% of their portfolio New York, NY 70,69770.7k $1.8m $1.8m 0.30% Added +61.8k +61,788
88 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 60,64660.6k $1.5m $1.5m 0.00% Reduced -927 -927
89 Evolutionary Tree Capital Management, LLC 1.81% of their portfolio ALEXANDRIA, VA 59,41159.4k $1.5m $1.5m 1.81% Reduced -7.4k -7,414
90 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 59,29959.3k $1.5m $1.5m 0.00% Added +45.8k +45,849
91 Brookfield Corp /ON/ 0.01% of their portfolio TORONTO, A6 58,72758.7k $1.5m $1.5m 0.01% New
92 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 58,67558.7k $1.5m $1.5m 0.00% Added +30.3k +30,271
93 GILDER GAGNON HOWE & CO LLC 0.02% of their portfolio New York, NY 57,12357.1k $1.4m $1.4m 0.02% Added +1.6k +1,606
94 Engineers Gate Manager LP 0.05% of their portfolio NEW YORK, NY 56,04556.0k $1.4m $1.4m 0.05% Added +15.4k +15,361
95 MOORE CAPITAL MANAGEMENT, LP 0.03% of their portfolio NEW YORK, NY 55,00055.0k $1.4m $1.4m 0.03% New
96 J.P. Morgan Private Wealth Advisors LLC 0.01% of their portfolio SAN FRANCISCO, CA 54,12654.1k $1.4m $1.4m 0.01% Reduced -1.7k -1,684
97 Aigen Investment Management, LP 0.20% of their portfolio NEW YORK, NY 53,98854.0k $1.4m $1.4m 0.20% Added +42.1k +42,150
98 Quantbot Technologies LP 0.08% of their portfolio NEW YORK, NY 51,11851.1k $1.3m $1.3m 0.08% Reduced -4.8k -4,806
99 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 45,54045.5k $1.2m $1.2m 0.00% Added +2.7k +2,747
100 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 44,00144.0k $1.1m $1.1m 0.01% Reduced -87.5k -87,451