Vault-13

REVANCE THERAPEUTICS INC RVNC

COM · Common Stock · CUSIP 761330109 · ISIN US7613301099

188 institutional holders -28 vs Q2 2023
77,589,52977.6m shares reported held*
$890.3mreported value*
17 new 87 added 52 reduced 43 sold out net sold ≈ $61.1m (-5.3m 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 ($2.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.47. Options: 21 managers hold calls ($15.9m notional), 18 hold puts ($12.5m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 182Q4 22: 193Q1 23: 218Q2 23: 216Q3 23: 188188Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022182
Q4 2022193
Q1 2023218
Q2 2023216
Q3 2023188

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 23Q3 23: 104 bought or addedQ3 23: 95 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 202211276
Q1 202311298
Q2 2023123100
Q3 202310495

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ4 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 0.56Q3 23 calls: $15.9mQ3 23 puts: $12.5mQ3 23P/C 0.78
Numbers
QuarterCallsPutsP/C
Q4 2022$155.6m$57.2m0.37
Q1 2023$57.2m$22.6m0.40
Q2 2023$36.5m$20.2m0.56
Q3 2023$15.9m$12.5m0.78

Biggest buyers

Capital World Investors Added +2,385,946+2.4m
FRANKLIN RESOURCES INC Added +1,775,082+1.8m
Rubric Capital Management LP New +1,600,000+1.6m
Invesco Ltd. Added +1,153,615+1.2m
Point72 Asset Management, L.P. Added +686,735+686.7k
MARSHALL WACE, LLP Added +623,110+623.1k
Balyasny Asset Management L.P. New +469,849+469.8k
EULAV Asset Management Added +440,000+440.0k
Assenagon Asset Management S.A. New +414,055+414.1k
PRINCIPAL FINANCIAL GROUP INC Added +342,540+342.5k

Biggest sellers

Thrivent Financial for Lutherans Reduced -3,176,775-3.2m
ALLIANCEBERNSTEIN L.P. Reduced -2,505,263-2.5m
LORD, ABBETT & CO. LLC Sold out -2,497,172-2.5m
D. E. Shaw & Co., Inc. Reduced -1,229,653-1.2m
Allspring Global Investments Holdings, LLC Reduced -1,126,937-1.1m
TWO SIGMA ADVISERS, LP Sold out -1,124,000-1.1m
Holocene Advisors, LP Sold out -842,563-842.6k
JENNISON ASSOCIATES LLC Reduced -841,651-841.7k
TWO SIGMA INVESTMENTS, LP Sold out -816,839-816.8k
GOLDMAN SACHS GROUP INC Reduced -596,258-596.3k

Biggest calls

Caption Management, LLC Reduced $3.5m308.3k shares
JANE STREET GROUP, LLC Reduced $2.7m238.7k shares
CITIGROUP INC Added $2.1m184.8k shares
CITADEL ADVISORS LLC Added $1.5m129.7k shares
MILLENNIUM MANAGEMENT LLC Added $1.1m100.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.1m92.9k shares
GROUP ONE TRADING LLC Added $710.0k61.9k shares
Centiva Capital, LP New $573.5k50.0k shares
CAPITAL FUND MANAGEMENT S.A. New $480.6k41.9k shares
SIMPLEX TRADING, LLC Reduced $476.0k41.5k shares

Biggest puts

GROUP ONE TRADING LLC Added $3.8m334.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.2m195.3k shares
Caption Management, LLC Reduced $1.4m121.9k shares
CITADEL ADVISORS LLC Added $1.3m115.8k shares
Centiva Capital, LP Added $1.1m100.1k shares
JANE STREET GROUP, LLC New $744.4k64.9k shares
SIMPLEX TRADING, LLC Added $481.0k42.0k shares
CITIGROUP INC Unchanged $321.2k28.0k shares
WOLVERINE TRADING, LLC Reduced $291.3k25.4k shares
Jefferies Financial Group Inc. Unchanged $263.8k23.0k 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.

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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital World Investors 0.03% of their portfolio LOS ANGELES, CA 11,960,82012.0m $137.2m $137.2m 0.03% Added +2.4m +2,385,946
2 BlackRock Inc. 0.00% of their portfolio New York, NY 6,756,7206.8m $77.5m $77.5m 0.00% Added +230.1k +230,132
3 Palo Alto Investors LP 5.67% of their portfolio PALO ALTO, CA 5,228,6095.2m $60.0m $60.0m 5.67% Unchanged
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 4,791,4594.8m $55.0m $55.0m 0.00% Added +138.7k +138,683
5 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 4,630,1974.6m $53.1m $53.1m 0.01% Reduced -63.7k -63,691
6 Polar Capital Holdings Plc 0.35% of their portfolio London, X0 4,160,3114.2m $47.7m $47.7m 0.35% Reduced -7.5k -7,531
7 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 4,037,5614.0m $46.3m $46.3m 0.02% Added +1.8m +1,775,082
8 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 2,902,4402.9m $33.3m $33.3m 0.01% Added +1.2m +1,153,615
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,333,1082.3m $26.8m $26.8m 0.00% Added +282.3k +282,326
10 FMR LLC 0.00% of their portfolio BOSTON, MA 1,894,1071.9m $21.7m $21.7m 0.00% Reduced -61.8k -61,808
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,780,2771.8m $20.4m $20.4m 0.00% Added +84.8k +84,767
12 Rubric Capital Management LP 0.77% of their portfolio NEW YORK, NY 1,600,0001.6m $18.4m $18.4m 0.77% New
13 Point72 Asset Management, L.P. 0.05% of their portfolio STAMFORD, CT 1,363,1681.4m $15.6m $15.6m 0.05% Added +686.7k +686,735
14 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,144,6441.1m $13.1m $13.1m 0.00% Reduced -596.3k -596,258
15 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,082,4201.1m $12.4m $12.4m 0.00% Added +37.1k +37,131
16 BAMCO INC /NY/ 0.03% of their portfolio NEW YORK, NY 1,020,2341.0m $11.7m $11.7m 0.03% Reduced -102.4k -102,432
17 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 997,616997.6k $11.4m $11.4m 0.01% Reduced -841.7k -841,651
18 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 963,029963.0k $11.0m $11.0m 0.01% Added +342.5k +342,540
19 DEERFIELD MANAGEMENT COMPANY, L.P. 0.22% of their portfolio New York, NY 870,000870.0k $10.0m $10.0m 0.22% Unchanged
20 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 838,356838.4k $9.6m $9.6m 0.00% Added +8.6k +8,582
21 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 782,016782.0k $9.0m $9.0m 0.01% Reduced -1.2m -1,229,653
22 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 713,638713.6k $8.2m $8.2m 0.02% Added +623.1k +623,110
23 RICE HALL JAMES & ASSOCIATES, LLC 0.50% of their portfolio San Diego, CA 683,937683.9k $7.8m $7.8m 0.50% Added +131.4k +131,442
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 663,538663.5k $7.6m $7.6m 0.00% Added +36.5k +36,493
25 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 603,497603.5k $6.9m $6.9m 0.00% Added +201.1k +201,103
26 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 602,195602.2k $6.9m $6.9m 0.00% Reduced -37.6k -37,561
27 EULAV Asset Management 0.25% of their portfolio SARASOTA, FL 600,000600.0k $6.9m $6.9m 0.25% Added +440.0k +440,000
28 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio JUPITER, FL 544,447544.4k $6.2m $6.2m 0.03% Added +113.4k +113,351
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 534,322534.3k $6.1m $6.1m 0.00% Added +253.6k +253,564
30 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 469,849469.8k $5.4m $5.4m 0.02% New
31 Essex Woodlands Management, Inc. 4.62% of their portfolio THE WOODLANDS, TX 457,085457.1k $5.2m $5.2m 4.62% Unchanged
32 Assenagon Asset Management S.A. 0.02% of their portfolio SENNINGERBERG, N4 414,055414.1k $4.7m $4.7m 0.02% New
33 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 385,661385.7k $4.4m $4.4m 0.00% Added +13.2k +13,152
34 Rhenman & Partners Asset Management AB 0.45% of their portfolio Stockholm, V7 361,679361.7k $4.1m $4.1m 0.45% Added +238.7k +238,679
35 Granahan Investment Management, LLC 0.15% of their portfolio WALTHAM, MA 355,360355.4k $4.1m $4.1m 0.15% Added +66.4k +66,433
36 Ghost Tree Capital, LLC 1.94% of their portfolio NEW YORK, NY 350,000350.0k $4.0m $4.0m 1.94% Reduced -175.0k -175,000
37 Sio Capital Management, LLC 1.22% of their portfolio NEW YORK, NY 342,477342.5k $3.9m $3.9m 1.22% Added +201.0k +200,977
38 CIBC Asset Management Inc 0.02% of their portfolio TORONTO, Z4 326,707326.7k $3.7m $3.7m 0.02% Added +93.7k +93,701
39 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 326,306326.3k $3.7m $3.7m 0.01% Reduced -170.0k -169,969
40 Park West Asset Management LLC 0.34% of their portfolio SAN FRANCISCO, CA 319,015319.0k $3.7m $3.7m 0.34% New
41 Centiva Capital, LP 0.18% of their portfolio New York, NY 314,661314.7k $3.6m $3.6m 0.18% Added +274.7k +274,661
42 Walleye Capital LLC 0.05% of their portfolio NEW YORK, NY 305,792305.8k $3.5m $3.5m 0.05% Added +192.0k +192,004
43 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 289,501289.5k $3.3m $3.3m 0.01% Added +94.5k +94,451
44 INTERNATIONAL BIOTECHNOLOGY TRUST PLC 1.11% of their portfolio London, X0 288,726288.7k $3.3m $3.3m 1.11% Unchanged
45 GREAT LAKES ADVISORS, LLC 0.02% of their portfolio CHICAGO, IL 222,077222.1k $2.5m $2.5m 0.02% Added +26.8k +26,787
46 Cubist Systematic Strategies, LLC 0.03% of their portfolio STAMFORD, CT 220,213220.2k $2.5m $2.5m 0.03% Reduced -40.6k -40,594
47 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 201,634201.6k $2.3m $2.3m 0.02% Added +117.6k +117,634
48 AlphaCentric Advisors LLC 1.24% of their portfolio SAN JUAN, PR 190,000190.0k $2.2m $2.2m 1.24% New
49 Swiss National Bank 0.00% of their portfolio ZURICH, V8 184,750184.8k $2.1m $2.1m 0.00% Added +2.2k +2,200
50 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 178,500178.5k $2.0m $2.0m 0.00% Reduced -32.0k -32,017
51 Public Sector Pension Investment Board 0.01% of their portfolio MONTREAL, A8 176,000176.0k $2.0m $2.0m 0.01% Reduced -78.0k -78,000
52 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 174,275174.3k $2.0m $2.0m 0.00% Reduced -171.2k -171,183
53 NORGES BANK 0.00% of their portfolio OSLO, Q8 161,000161.0k $1.8m $1.8m 0.00% Unchanged
54 MOORE CAPITAL MANAGEMENT, LP 0.05% of their portfolio NEW YORK, NY 160,000160.0k $1.8m $1.8m 0.05% Added +105.0k +105,000
55 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 146,982147.0k $1.7m $1.7m 0.00% Added +35.0k +34,995
56 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 142,302142.3k $1.6m $1.6m 0.00% Reduced -79.5k -79,507
57 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 140,615140.6k $1.6m $1.6m 0.00% Reduced -1.6k -1,573
58 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 136,667136.7k $1.6m $1.6m 0.00% Reduced -3.1k -3,071
59 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 126,382126.4k $1.4m $1.4m 0.00% Added +67.1k +67,083
60 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 125,819125.8k $1.4m $1.4m 0.00% Reduced -87.3k -87,297
61 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 120,909120.9k $1.4m $1.4m 0.00% Reduced -161.2k -161,237
62 UBS Group AG 0.00% of their portfolio ZURICH, V8 118,045118.0k $1.4m $1.4m 0.00% Reduced -12.0k -11,980
63 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 117,779117.8k $1.4m $1.4m 0.00% Added +1.8k +1,753
64 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 114,250114.2k $1.3m $1.3m 0.00% Reduced -24.3k -24,347
65 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 110,675110.7k $1.3m $1.3m 0.00% Added +19.8k +19,761
66 Campbell & CO Investment Adviser LLC 0.14% of their portfolio BALTIMORE, MD 100,907100.9k $1.2m $1.2m 0.14% Added +85.1k +85,074
67 Integral Health Asset Management, LLC 0.16% of their portfolio New York, NY 100,000100.0k $1.1m $1.1m 0.16% Reduced -150.0k -150,000
68 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 99,12999.1k $1.1m $1.1m 0.00% Added +3.5k +3,478
69 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 92,67592.7k $1.1m $1.1m 0.00% Reduced -8.9k -8,859
70 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 91,00091.0k $1.0m $1.0m 0.00% Reduced -2.5m -2,505,263
71 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.02% of their portfolio CHICAGO, IL 88,80088.8k $1.0m $1.0m 0.02% Not comparable
72 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 86,10086.1k $1.0m $1.0m 0.00% Unchanged
73 GROUP ONE TRADING LLC 0.04% of their portfolio CHICAGO, IL 84,11884.1k $964.8k $964.8k 0.04% Added +75.3k +75,341
74 ESSEX INVESTMENT MANAGEMENT CO LLC 0.16% of their portfolio BOSTON, MA 83,74883.7k $960.6k $960.6k 0.16% Reduced -25.1k -25,112
75 Legal & General Group Plc 0.00% of their portfolio London, X0 83,30083.3k $955.4k $955.4k 0.00% Added +5.4k +5,382
76 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 82,84582.8k $950.2k $950.2k 0.00% Reduced -26.1k -26,071
77 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 78,03278.0k $895.0k $895.0k 0.00% Reduced -15.1k -15,146
78 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 77,20077.2k $885.0k $885.0k 0.00% New
79 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 73,60973.6k $844.3k $844.3k 0.00% Reduced -197.5k -197,470
80 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 72,26372.3k $830.0k $830.0k 0.00% Added +29.6k +29,553
81 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 70,54470.5k $809.0k $809.0k 0.00% Reduced -3.2m -3,176,775
82 Hunting Hill Global Capital, LLC 0.34% of their portfolio New York, NY 63,76163.8k $731.3k $731.3k 0.34% New
83 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 61,58661.6k $706.4k $706.4k 0.00% Added +940 +940
84 J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio SAN FRANCISCO, CA 54,32954.3k $623.2k $623.2k 0.00% Added +203 +203
85 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 50,37850.4k $578.0k $578.0k 0.00% Added +4.8k +4,838
86 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 49,22549.2k $564.6k $564.6k 0.00% Added +10.5k +10,517
87 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 45,04245.0k $516.6k $516.6k 0.00% Added +5.2k +5,200
88 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 43,98044.0k $504.5k $504.5k 0.00% Unchanged
89 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 41,63441.6k $477.5k $477.5k 0.00% Added +1.5k +1,480
90 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 41,57241.6k $476.8k $476.8k 0.00% Added +8.3k +8,260
91 HARBOR CAPITAL ADVISORS, INC. 0.10% of their portfolio CHICAGO, IL 40,99941.0k $470.3k $470.3k 0.10% Added +9.3k +9,307
92 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.00% of their portfolio FRANKFORT, KY 40,43140.4k $464.0k $464.0k 0.00% Added +13.0k +13,047
93 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 38,78838.8k $444.9k $444.9k 0.00% Added +32.3k +32,345
94 Legato Capital Management LLC 0.06% of their portfolio San Francisco, CA 38,74938.7k $444.5k $444.5k 0.06% Reduced -1.0k -1,017
95 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 38,59938.6k $442.5k $442.5k 0.00% Added +24 +24
96 INNOVIS ASSET MANAGEMENT LLC 0.17% of their portfolio Chicago, IL 38,50138.5k $441.6k $441.6k 0.17% Added +28.0k +27,984
97 Engineers Gate Manager LP 0.02% of their portfolio NEW YORK, NY 38,37238.4k $440.1k $440.1k 0.02% Reduced -17.7k -17,673
98 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 37,89737.9k $434.7k $434.7k 0.00% Added +166 +166
99 Ensign Peak Advisors, Inc 0.00% of their portfolio SALT LAKE CITY, UT 37,00037.0k $424.4k $424.4k 0.00% Unchanged
100 CAPITAL FUND MANAGEMENT S.A. 0.01% of their portfolio PARIS, I0 36,57236.6k $419.5k $419.5k 0.01% Added +7.4k +7,372