Vault-13

ADC THERAPEUTICS SA ADCT

SHS · Common Stock · CUSIP H0036K147

115 institutional holders +9 vs Q3 2025
82,876,89682.9m shares reported held*
66.9% of all shares outstanding*
$292.9mreported value*
21 new 48 added 28 reduced 12 sold out net bought ≈ $51.9m (+14.7m 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 ($60 this quarter). Holder counts are more reliable. Shares outstanding: 123.9m as of 2025-10-31, 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 ≈ $3.53. Options: 2 managers hold calls ($128.8k notional), 1 hold puts ($7.4k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 68Q4 22: 62Q1 23: 60Q2 23: 57Q3 23: 42Q4 23: 39Q1 24: 38Q2 24: 75Q3 24: 78Q4 24: 84Q1 25: 83Q2 25: 87Q3 25: 106Q4 25: 115115Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202268
Q4 202262
Q1 202360
Q2 202357
Q3 202342
Q4 202339
Q1 202438
Q2 202475
Q3 202478
Q4 202484
Q1 202583
Q2 202587
Q3 2025106
Q4 2025115

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 18 bought or addedQ1 24: 21 cut or sold outQ2 24: 56 bought or addedQ2 24: 15 cut or sold outQ2 24Q3 24: 48 bought or addedQ3 24: 24 cut or sold outQ4 24: 46 bought or addedQ4 24: 26 cut or sold outQ4 24Q1 25: 39 bought or addedQ1 25: 32 cut or sold outQ2 25: 30 bought or addedQ2 25: 49 cut or sold outQ2 25Q3 25: 53 bought or addedQ3 25: 26 cut or sold outQ4 25: 69 bought or addedQ4 25: 40 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241821
Q2 20245615
Q3 20244824
Q4 20244626
Q1 20253932
Q2 20253049
Q3 20255326
Q4 20256940

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ1 25 calls: $7.0kQ1 25 puts: $10.7kQ1 25P/C 1.52Q2 25 calls: $182.8kQ2 25 puts: $291.1kQ2 25P/C 1.59Q3 25 calls: $159.2kQ3 25 puts: $363.6kQ3 25P/C 2.28Q4 25 calls: $128.8kQ4 25 puts: $7.4kQ4 25P/C 0.06
Numbers
QuarterCallsPutsP/C
Q1 2025$7.0k$10.7k1.52
Q2 2025$182.8k$291.1k1.59
Q3 2025$159.2k$363.6k2.28
Q4 2025$128.8k$7.4k0.06

Biggest buyers

TCG Crossover Management, LLC Added +10,000,000+10.0m
EVENTIDE ASSET MANAGEMENT, LLC New +3,364,067+3.4m
Nantahala Capital Management, LLC Added +3,209,144+3.2m
Prosight Management, LP Added +1,005,035+1.0m
BlackRock, Inc. Added +915,610+915.6k
VANGUARD GROUP INC Added +535,633+535.6k
SCHRODER INVESTMENT MANAGEMENT GROUP New +418,782+418.8k
Voleon Capital Management LP Added +393,848+393.8k
ACADIAN ASSET MANAGEMENT LLC Added +301,465+301.5k
D. E. Shaw & Co., Inc. New +263,071+263.1k

Biggest sellers

Point72 Asset Management, L.P. Reduced -3,121,034-3.1m
Lynx1 Capital Management LP Sold out -1,325,848-1.3m
Opaleye Management Inc. Sold out -682,529-682.5k
CITADEL ADVISORS LLC Reduced -522,497-522.5k
MILLENNIUM MANAGEMENT LLC Reduced -373,190-373.2k
HEIGHTS CAPITAL MANAGEMENT, INC Sold out -326,766-326.8k
JANE STREET GROUP, LLC Reduced -288,104-288.1k
JPMORGAN CHASE & CO Reduced -189,501-189.5k
Walleye Capital LLC Sold out -177,032-177.0k
PLATINUM INVESTMENT MANAGEMENT LTD Reduced -165,943-165.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $86.1k24.4k shares
CITADEL ADVISORS LLC New $42.7k12.1k shares

Biggest puts

SIMPLEX TRADING, LLC Reduced $7.4k2.1k 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
Nantahala Capital Management, LLC 13G · institution new · filed 2026-08-14 9.7% new 12.3m≈ $13.2m 2026-08-14
TCG Crossover GP II, LLC 13G · passive investor new · filed 2026-02-17 9.2% new 11.4m≈ $12.2m 2026-02-17
Prosight Management, LP 13G · passive investor +1.0 pts · filed 2026-02-13 6.8% +1.0 pts 8.5m≈ $9.1m 2026-02-13
BlackRock, Inc. 13G · institution +0.4 pts · filed 2026-07-27 5.4% +0.4 pts 6.9m≈ $7.3m 2026-07-27

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 in Q4 2025

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.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
10010Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 8 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25Q3 25: 0 buyingQ3 25: 0 sellingQ4 25: 0 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—8$161.0k—
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Redmile Group, LLC 4.07% of their portfolio LARKSPUR, CA 15,666,73115.7m $55.3m $55.3m 4.07% Unchanged
2 TCG Crossover Management, LLC 1.33% of their portfolio PALO ALTO, CA 11,390,17511.4m $40.2m $40.2m 1.33% Added +10.0m +10,000,000
3 Prosight Management, LP 6.18% of their portfolio DALLAS, TX 8,477,3388.5m $29.9m $29.9m 6.18% Added +1.0m +1,005,035
4 ORBIMED ADVISORS LLC 0.42% of their portfolio New York, NY 5,822,8545.8m $20.6m $20.6m 0.42% Reduced -84.5k -84,497
5 Nantahala Capital Management, LLC 1.15% of their portfolio NEW CANAAN, CT 5,475,4335.5m $19.3m $19.3m 1.15% Added +3.2m +3,209,144
6 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,427,3095.4m $19.2m $19.2m 0.00% Added +915.6k +915,610
7 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 5,014,6175.0m $17.7m $17.7m 0.03% Reduced -3.1m -3,121,034
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,769,7433.8m $13.3m $13.3m 0.00% Added +100.7k +100,676
9 EVENTIDE ASSET MANAGEMENT, LLC 0.19% of their portfolio Boston, MA 3,364,0673.4m $11.9m $11.9m 0.19% New
10 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,640,8721.6m $5.8m $5.8m 0.00% Added +46.4k +46,438
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,407,3251.4m $5.0m $5.0m 0.00% Added +111.4k +111,384
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,298,5841.3m $4.6m $4.6m 0.00% Reduced -62.7k -62,706
13 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,129,5871.1m $4.0m $4.0m 0.00% Added +535.6k +535,633
14 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 996,523996.5k $3.5m $3.5m 0.00% Added +133.6k +133,589
15 PLATINUM INVESTMENT MANAGEMENT LTD 0.81% of their portfolio SYDNEY AUSTRALIA 2000, C3 990,778990.8k $3.5m $3.5m 0.81% Reduced -165.9k -165,943
16 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 830,903830.9k $2.9m $2.9m 0.00% Added +142.4k +142,432
17 Blue Owl Capital Holdings LP 0.91% of their portfolio New York, NY 733,568733.6k $2.9m $2.9m 0.91% Unchanged
18 Vantage Consulting Group Inc 12.23% of their portfolio VIRGINIA BEACH, VA 682,998683.0k $2.4m $2.4m 12.23% Unchanged
19 PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio BOSTON, MA 594,256594.3k $2.1m $2.1m 0.01% Added +50.0k +49,995
20 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 528,965529.0k $1.9m $1.9m 0.00% Added +301.5k +301,465
21 STEMPOINT CAPITAL LP 0.30% of their portfolio NEW YORK, NY 502,570502.6k $1.8m $1.8m 0.30% Added +219.3k +219,284
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 471,693471.7k $1.7m $1.7m 0.00% Reduced -189.5k -189,501
23 Voleon Capital Management LP 0.04% of their portfolio BERKELEY, CA 464,159464.2k $1.6m $1.6m 0.04% Added +393.8k +393,848
24 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 437,551437.6k $1.5m $1.5m 0.00% Added +20.0k +19,984
25 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 418,782418.8k $1.5m $1.5m 0.00% New
26 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 328,429328.4k $1.2m $1.2m 0.00% Reduced -373.2k -373,190
27 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 320,048320.0k $1.1m $1.1m 0.00% Added +250.5k +250,547
28 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 298,218298.2k $1.1m $1.1m 0.00% Reduced -522.5k -522,497
29 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 263,071263.1k $928.6k $928.6k 0.00% New
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 215,212215.2k $759.7k $759.7k 0.00% Reduced -47.0k -47,049
31 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 212,915212.9k $751.6k $751.6k 0.00% Reduced -37.2k -37,169
32 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 212,668212.7k $750.7k $750.7k 0.00% Added +30.7k +30,656
33 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 206,576206.6k $729.2k $729.2k 0.00% Added +61.3k +61,324
34 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 199,764199.8k $705.2k $705.2k 0.00% Reduced -288.1k -288,104
35 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 173,867173.9k $613.8k $613.8k 0.00% Reduced -1.1k -1,076
36 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 172,987173.0k $610.6k $610.6k 0.00% Added +14.3k +14,293
37 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 162,250162.2k $572.7k $572.7k 0.01% Added +150.7k +150,659
38 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 161,386161.4k $569.7k $569.7k 0.00% Added +30.9k +30,926
39 FMR LLC 0.00% of their portfolio BOSTON, MA 133,797133.8k $472.3k $472.3k 0.00% Added +370 +370
40 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 120,567120.6k $425.6k $425.6k 0.00% New
41 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 119,461119.5k $421.7k $421.7k 0.00% Added +74.0k +74,003
42 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 118,915118.9k $419.8k $419.8k 0.00% Reduced -52.3k -52,315
43 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 113,369113.4k $400.2k $400.2k 0.00% New
44 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 113,247113.2k $399.8k $399.8k 0.00% Added +6.6k +6,596
45 Florida Trust Wealth Management Co 0.01% of their portfolio SANIBEL, FL 113,000113.0k $398.9k $398.9k 0.01% Unchanged
46 KINGSWOOD WEALTH ADVISORS, LLC 0.02% of their portfolio SAN DIEGO, CA 105,000105.0k $370.6k $370.6k 0.02% New
47 Wilmington Savings Fund Society, FSB 0.01% of their portfolio WILMINGTON, DE 100,000100.0k $353.0k $353.0k 0.01% Unchanged
48 CANTOR FITZGERALD, L. P. 0.01% of their portfolio NEW YORK, NY 100,000100.0k $353.0k $353.0k 0.01% New
49 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 90,68390.7k $320.1k $320.1k 0.00% Reduced -9.8k -9,791
50 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 82,87182.9k $292.5k $292.5k 0.01% Reduced -8.7k -8,708
51 DAFNA Capital Management LLC 0.06% of their portfolio LOS ANGELES, CA 77,08177.1k $272.1k $272.1k 0.06% Reduced -45.0k -45,000
52 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 70,77470.8k $249.8k $249.8k 0.00% Reduced -6.8k -6,750
53 Susquehanna Portfolio Strategies, LLC 0.00% of their portfolio Bala Cynwyd, PA 64,52364.5k $227.8k $227.8k 0.00% Unchanged
54 ExodusPoint Capital Management, LP 0.00% of their portfolio NEW YORK, NY 56,78356.8k $200.4k $200.4k 0.00% Added +10.8k +10,842
55 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 49,68249.7k $175.4k $175.4k 0.00% Added +19.6k +19,633
56 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 46,75046.8k $166.0k $166.0k 0.00% Added +9.5k +9,537
57 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 41,85041.9k $147.7k $147.7k 0.00% Reduced -7.7k -7,740
58 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 40,21140.2k $141.9k $141.9k 0.00% Added +1.4k +1,422
59 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 40,02740.0k $141.3k $141.3k 0.00% Added +6.0k +5,982
60 Magnetar Financial LLC 0.00% of their portfolio EVANSTON, IL 39,09239.1k $138.0k $138.0k 0.00% Unchanged
61 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 36,94036.9k $130.4k $130.4k 0.00% Added +759 +759
62 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 31,90031.9k $112.6k $112.6k 0.00% Reduced -13.2k -13,200
63 DLK Investment Management, LLC 0.03% of their portfolio SOLANA BEACH, CA 25,30525.3k $89.3k $89.3k 0.03% Unchanged
64 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 24,75824.8k $87.4k $87.4k 0.00% Added +1.6k +1,623
65 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 24,53224.5k $86.6k $86.6k 0.00% Reduced -8.0k -7,970
66 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 24,44824.4k $86.0k $86.0k 0.00% New
67 Callan Family Office, LLC 0.00% of their portfolio RADNOR, PA 23,84223.8k $84.2k $84.2k 0.00% New
68 Saxony Capital Management, LLC 0.05% of their portfolio ST. LOUIS, MO 23,76823.8k $83.9k $83.9k 0.05% Unchanged
69 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 22,98923.0k $81.2k $81.2k 0.00% Unchanged
70 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 22,81922.8k $80.6k $80.6k 0.00% Unchanged
71 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 21,04221.0k $75.4k $75.4k 0.00% Added +10.5k +10,521
72 GSA CAPITAL PARTNERS LLP 0.01% of their portfolio LONDON, X0 20,88920.9k $74.0k $74.0k 0.01% New
73 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 20,17820.2k $71.2k $71.2k 0.00% New
74 Henrickson Nauta Wealth Advisors, Inc. 0.01% of their portfolio BELMONT, MI 19,41119.4k $68.7k $68.7k 0.01% New
75 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 17,80917.8k $62.9k $62.9k 0.00% Reduced -5.0k -5,001
76 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 16,10916.1k $56.9k $56.9k 0.00% Added +12.7k +12,665
77 AXQ CAPITAL, LP 0.01% of their portfolio JERSEY CITY, NJ 16,07816.1k $56.8k $56.8k 0.01% New
78 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 16,06716.1k $56.7k $56.7k 0.00% Reduced -4.5k -4,531
79 ProShare Advisors LLC 0.00% of their portfolio BETHESDA, MD 15,72715.7k $55.5k $55.5k 0.00% Added +3.3k +3,339
80 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 14,37514.4k $50.7k $50.7k 0.00% Added +805 +805
81 Ethic Inc. 0.00% of their portfolio NEW YORK, NY 12,10012.1k $42.7k $42.7k 0.00% Reduced -3.1k -3,107
82 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 12,07112.1k $42.6k $42.6k 0.00% New
83 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 11,72211.7k $41.5k $41.5k 0.00% Added +125 +125
84 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 10,82510.8k $38.2k $38.2k 0.00% New
85 CWM, LLC 0.00% of their portfolio OMAHA, NE 10,37010.4k $37.0k $37.0k 0.00% Added +331 +331
86 AVISO WEALTH MANAGEMENT 0.02% of their portfolio BELLEVUE, WA 10,34310.3k $36.5k $36.5k 0.02% Unchanged
87 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,26310.3k $36.0k $36.0k 0.00% Added +1.5k +1,453
88 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 9,3249.3k $32.9k $32.9k 0.00% Added +2.8k +2,782
89 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 9,1009.1k $32.1k $32.1k 0.00% Unchanged
90 Legal & General Group Plc 0.00% of their portfolio London, X0 8,9248.9k $31.5k $31.5k 0.00% Added +839 +839
91 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 6,8596.9k $24.2k $24.2k 0.00% Unchanged
92 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 5,3085.3k $18.7k $18.7k 0.00% Reduced -689 -689
93 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 3,9954.0k $14.1k $14.1k 0.00% Reduced -1.6k -1,614
94 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 3,0003.0k $10.6k $10.6k 0.00% Unchanged
95 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 2,7102.7k $10.0k $10.0k 0.00% Added +288 +288
96 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 2,6872.7k $9.5k $9.5k 0.00% Reduced -5.5k -5,456
97 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 1,7251.7k $8.0k $8.0k 0.00% New
98 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 958958 $3.4k $3.4k 0.00% Added +11 +11
99 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 586586 $2.1k $2.1k 0.00% Reduced -720 -720
100 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 492492 $1.7k $1.7k 0.00% New