ADC THERAPEUTICS SA ADCT
SHS · Common Stock · CUSIP H0036K147
- SectorHealth care
- IndustryPharmaceutical Preparations
- FilingsSEC EDGAR
* 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 ($44.3k this quarter). Holder counts are more reliable. Shares outstanding: 127.7m as of 2026-08-03, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $1.07. Options: 2 managers hold calls ($188.7k notional), 1 hold puts ($535).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 68 |
| Q4 2022 | 62 |
| Q1 2023 | 60 |
| Q2 2023 | 57 |
| Q3 2023 | 42 |
| Q4 2023 | 39 |
| Q1 2024 | 38 |
| Q2 2024 | 75 |
| Q3 2024 | 78 |
| Q4 2024 | 84 |
| Q1 2025 | 83 |
| Q2 2025 | 87 |
| Q3 2025 | 106 |
| Q4 2025 | 115 |
| Q1 2026 | 118 |
| Q2 2026 | 114 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 48 | 24 |
| Q4 2024 | 46 | 26 |
| Q1 2025 | 39 | 32 |
| Q2 2025 | 30 | 49 |
| Q3 2025 | 53 | 26 |
| Q4 2025 | 69 | 40 |
| Q1 2026 | 68 | 43 |
| Q2 2026 | 69 | 60 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $159.2k | $363.6k | 2.28 |
| Q4 2025 | $128.8k | $7.4k | 0.06 |
| Q1 2026 | $721.1k | $2.6k | 0.00 |
| Q2 2026 | $188.7k | $535 | 0.00 |
Biggest buyers
| Nantahala Capital Management, LLC | Added | +19.1m |
| CITADEL ADVISORS LLC | Added | +1.7m |
| BlackRock, Inc. | Added | +769.3k |
| Opaleye Management Inc. | New | +700.0k |
| D. E. Shaw & Co., Inc. | Added | +476.1k |
| AQR CAPITAL MANAGEMENT LLC | Added | +420.5k |
| Point72 Asset Management, L.P. | Added | +267.0k |
| GOLDMAN SACHS GROUP INC | Added | +261.4k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +241.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | New | +141.3k |
Biggest sellers
| EVENTIDE ASSET MANAGEMENT, LLC | Sold out | -5.7m |
| Redmile Group, LLC | Reduced | -3.9m |
| ORBIMED ADVISORS LLC | Sold out | -1.3m |
| MORGAN STANLEY | Reduced | -761.4k |
| Voleon Capital Management LP | Sold out | -513.8k |
| Prosight Management, LP | Reduced | -475.3k |
| PLATINUM INVESTMENT MANAGEMENT LTD | Reduced | -409.2k |
| JPMORGAN CHASE & CO | Reduced | -336.5k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -299.3k |
| LAZARD ASSET MANAGEMENT LLC | Sold out | -262.6k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Added | $160.5k150.0k shares |
| Point72 Asset Management, L.P. | Unchanged | $28.2k26.4k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Reduced | $535500 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.
| Holder | Stake |
|---|---|
| Nantahala Capital Management, LLC 13G · institution new · filed 2026-08-14 | 9.7% |
| TCG Crossover GP II, LLC 13G · passive investor new · filed 2026-02-17 | 9.2% |
| Prosight Management, LP 13G · passive investor +1.0 pts · filed 2026-02-13 | 6.8% |
| BlackRock, Inc. 13G · institution +0.4 pts · filed 2026-07-27 | 5.4% |
Fell to 5% or below in the last year: Redmile Group, LLC (9.9%, 2026-04-24), ORBIMED ADVISORS LLC (2.6%, 2026-02-17), Point72 Asset Management, L.P. (4.0%, 2026-02-17)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-04-02 | Redmile Group, LLC +2 10% owner | Sold | $8.6m2.6m shares |
| 2026-04-02 | Redmile Group, LLC +2 10% owner | Sold | $8.3m2.5m shares |
| 2026-04-01 | Redmile Group, LLC +2 10% owner · See Footnote | Sold | $643.2k169.3k shares |
| 2026-04-01 | Redmile Group, LLC +2 10% owner | Sold | $617.6k162.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Nantahala Capital Management, LLC 0.80% of their portfolio | 24.7m $26.4m | Added +19.1m |
| Redmile Group, LLC 0.83% of their portfolio | 11.5m $12.3m | Reduced -3.9m |
| TCG Crossover Management, LLC 0.29% of their portfolio | 11.4m $12.2m | Unchanged |
| Prosight Management, LP 1.44% of their portfolio | 7.8m $8.4m | Reduced -475.3k |
| BlackRock, Inc. 0.00% of their portfolio | 7.0m $7.5m | Added +769.3k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 3.6m $3.9m | Added +267.0k |
| MORGAN STANLEY 0.00% of their portfolio | 3.1m $3.3m | Reduced -761.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 2.9m $3.1m | Reduced -219.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 2.1m $2.2m | Added +1.7m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.9m $2.0m | Added +261.4k |
| STATE STREET CORP 0.00% of their portfolio | 1.7m $1.8m | Added +119.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.4m $1.5m | Added +241.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.3m $1.4m | Reduced -36.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 897.1k $959.9k | Reduced -136.2k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 773.4k $827.6k | Added +105.4k |
| Blue Owl Capital Holdings LP 0.12% of their portfolio | 733.6k $784.9k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 719.3k $769.7k | Added +476.1k |
| Opaleye Management Inc. 0.07% of their portfolio | 700.0k $749.0k | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 658.1k $704.2k | Added +420.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 652.8k $698.5k | Reduced -207.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 594.0k $635.6k | Added +41.8k |
| PLATINUM INVESTMENT MANAGEMENT LTD 0.15% of their portfolio | 581.6k $622.3k | Reduced -409.2k |
| PANAGORA ASSET MANAGEMENT INC 0.00% of their portfolio | 572.8k $612.9k | Reduced -118.5k |
| UBS Group AG 0.00% of their portfolio | 520.3k $556.7k | Added +61.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 418.8k $431.3k | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 360.3k $380.0k | Reduced -88.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 307.1k $328.6k | Added +44.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 286.6k $306.7k | Added +31.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 251.6k $269.3k | Added +49.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 234.4k $250.8k | Added +3.3k |
| Florida Trust Wealth Management Co 0.01% of their portfolio | 230.4k $246.6k | Added +80.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 224.1k $239.7k | Reduced -303 |
| Nuveen, LLC 0.00% of their portfolio | 176.7k $189.1k | Added +30.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 160.2k $171.4k | Added +33.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 152.5k $157.1k | Reduced -336.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio | 141.3k $151.2k | New |
| XTX Topco Ltd 0.00% of their portfolio | 140.3k $150.2k | Added +122.9k |
| FMR LLC 0.00% of their portfolio | 132.8k $142.1k | Reduced -39.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 117.4k $125.6k | Added +13.3k |
| Focus Partners Wealth 0.00% of their portfolio | 111.8k $119.6k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 108.5k $406.8k | Added +66.6k |
| Quadrature Capital Ltd 0.00% of their portfolio | 105.7k $113.1k | New |
| Wilmington Savings Fund Society, FSB 0.00% of their portfolio | 100.0k $107.0k | Unchanged |
| Revolve Wealth Partners, LLC 0.01% of their portfolio | 100.0k $107.0k | New |
| BARCLAYS PLC 0.00% of their portfolio | 94.3k $100.9k | Added +47.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 83.4k $89.3k | Added +3.2k |
| DAFNA Capital Management LLC 0.02% of their portfolio | 77.1k $82.5k | Added +5.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 74.9k $81.0k | Added +4.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 61.3k $65.6k | Reduced -80.8k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 56.5k $60.5k | Reduced -32.4k |
| Invesco Ltd. 0.00% of their portfolio | 55.8k $59.7k | Added +14.1k |
| GSA CAPITAL PARTNERS LLP 0.00% of their portfolio | 54.7k $59.0k | New |
| CITIGROUP INC 0.00% of their portfolio | 49.7k $53.1k | Added +18.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 49.3k $52.7k | Added +1.4k |
| Verition Fund Management LLC 0.00% of their portfolio | 40.3k $43.2k | New |
| Magnetar Financial LLC 0.00% of their portfolio | 39.1k $41.8k | Unchanged |
| Brevan Howard Capital Management LP 0.00% of their portfolio | 36.9k $39.5k | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 33.5k $35.8k | Unchanged |
| DLK Investment Management, LLC 0.04% of their portfolio | 33.2k $104.8k | Added +7.8k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 32.5k $34.8k | Unchanged |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 30.0k $32.0k | New |
| Susquehanna Portfolio Strategies, LLC 0.00% of their portfolio | 28.9k $30.9k | Reduced -35.7k |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 28.3k $30.3k | Added +4.3k |
| Virtu Financial LLC 0.00% of their portfolio | 28.2k $30.0k | Added +16.1k |
| AXQ CAPITAL, LP 0.00% of their portfolio | 27.4k $29.3k | New |
| Cerity Partners LLC 0.00% of their portfolio | 27.1k $29.0k | New |
| Creative Planning 0.00% of their portfolio | 24.0k $25.7k | Reduced -55.0k |
| Saxony Capital Management, LLC 0.01% of their portfolio | 23.8k $25.4k | Reduced -108 |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 20.7k $22.1k | New |
| Ground Swell Capital, LLC 0.02% of their portfolio | 20.4k $21.8k | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 19.3k $25.0k | Added +5.1k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 18.4k $19.6k | Added +10.4k |
| Centiva Capital, LP 0.00% of their portfolio | 17.7k $18.9k | New |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 17.0k $18.2k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 15.5k $16.6k | Reduced -2.2k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 14.3k $15.3k | Reduced -12.0k |
| ProShare Advisors LLC 0.00% of their portfolio | 14.0k $15.0k | Reduced -755 |
| R Squared Ltd 0.01% of their portfolio | 13.9k $14.9k | Added +3.8k |
| Engineers Gate Manager LP 0.00% of their portfolio | 13.5k $14.4k | New |
| Pallas Capital Advisors LLC 0.00% of their portfolio | 12.6k $13.5k | New |
| Meridian Wealth Management, LLC 0.00% of their portfolio | 12.6k $13.5k | New |
| Perigon Wealth Management, LLC 0.00% of their portfolio | 10.7k $11.4k | New |
| AVISO WEALTH MANAGEMENT 0.00% of their portfolio | 10.3k $11.1k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 10.2k $10.9k | Reduced -1.7k |
| Callan Family Office, LLC 0.00% of their portfolio | 10.1k $10.8k | Reduced -2.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 9.1k $9.7k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 9.0k $9.6k | Unchanged |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 8.2k $8.8k | New |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 7.0k $7.5k | Added +7.0k |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 6.9k $7.3k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 5.9k $6.0k | Reduced -333 |
| State of Wyoming 0.00% of their portfolio | 5.7k $6.1k | Added +3.7k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 4.0k $4.3k | Reduced -3.8k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 3.0k $3.1k | Unchanged |
| Optiver Holding B.V. 0.00% of their portfolio | 2.7k $2.9k | Added +1.8k |
| Sterling Capital Management LLC 0.00% of their portfolio | 1.8k $1.9k | Added +1.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 1.4k $1.5k | Reduced -4.1k |
| Arax Advisory Partners 0.00% of their portfolio | 1.1k $1.2k | New |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 646 $691 | Reduced -320 |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 431 $462 | Reduced -1.1k |