Vault-13

ALVOTECH ALVO

ORDINARY SHARES · Common Stock · CUSIP L01800108

18 institutional holders +6 vs Q4 2022
18,955,90119.0m shares reported held*
7.6% of all shares outstanding*
$244.6mreported value*
7 new 3 added 3 reduced 1 sold out net bought ≈ $2.7m (+208.1k 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. Holder counts are more reliable. Shares outstanding: 248.6m as of 2022-12-31, 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 ≈ $12.90. Options: 1 managers hold calls ($1.3m notional), 0 hold puts (—).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 15Q4 22: 12Q1 23: 1818Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202215
Q4 202212
Q1 202318

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q4 22: 0 bought or addedQ4 22: 6 cut or sold outQ4 22Q1 23: 10 bought or addedQ1 23: 4 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 202206
Q1 2023104

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 22 calls: $119.0kQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $1.3mQ1 23 puts: $0Q1 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2022$119.0k$00.00
Q4 2022$0$0—
Q1 2023$1.3m$00.00

Biggest buyers

OAKTREE CAPITAL MANAGEMENT LP Added +1,423,973+1.4m
LITTLEJOHN & CO LLC New +1,132,391+1.1m
Oaktree Fund Advisors, LLC Added +417,550+417.6k
Lodbrok Capital LLP Added +249,148+249.1k
Invesco Ltd. New +146,350+146.3k
GEODE CAPITAL MANAGEMENT, LLC New +34,007+34.0k
Mariner, LLC New +18,974+19.0k
BANK OF AMERICA CORP /DE/ New +15,140+15.1k
WOLVERINE ASSET MANAGEMENT LLC New +2,376+2.4k
JPMORGAN CHASE & CO New +499+499

Biggest sellers

Bracebridge Capital, LLC Reduced -2,179,804-2.2m
MORGAN STANLEY Reduced -1,038,727-1.0m
GAMCO INVESTORS, INC. ET AL Sold out -13,447-13.4k
UBS Group AG Reduced -299-299

Biggest calls

Alyeska Investment Group, L.P. New $1.3m100.0k shares

Biggest puts

None

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
Aztiq Pharma Partners S.a r.l. 13D · may seek influence filed 2026-03-12 33.3% 103.8m≈ $383.2m 2026-03-12
Celtic Holdings SCA 13D · may seek influence filed 2026-06-30
Stated purposeItem 4 is hereby amended and supplemented as follows: On June 26, 2026, Celtic Lux purchased aggregate of 10,133,333 Ordinary Shares, at a price of $3.75 per share, for an aggregate investment of $38,000,000 (such investment, the "PIPE Investment") pursuant to the terms of a subscription agreement (the "Subscription Agreement") dated June 16, 2026, by and between Celtic Lux and the Issuer. In connection with the PIPE Investment, pursuant to the Subscription Agreement, Celtic Lux was granted registration rights pursuant to which Celtic Lux may, at any time and from time to time, make a written demand for registration under the Securities Act of 1933, as amended, of all or any portion of the shares purchased by it in the PIPE Investment on any available form of registration statement (a "D… Full filing
27.5% 107.5m≈ $348.3m 2026-06-30

Insider purchases and sales in Q1 2023

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.

None reported in Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 OAKTREE CAPITAL MANAGEMENT LP 1.13% of their portfolio LOS ANGELES, CA 7,762,6337.8m $100.1m $100.1m 1.13% Added +1.4m +1,423,973
2 Bracebridge Capital, LLC 32.20% of their portfolio BOSTON, MA 4,415,2614.4m $57.0m $57.0m 32.20% Reduced -2.2m -2,179,804
3 LITTLEJOHN & CO LLC 8.87% of their portfolio GREENWICH, CT 1,132,3911.1m $14.6m $14.6m 8.87% New
4 Sculptor Capital LP 0.35% of their portfolio New York, NY 1,086,3471.1m $14.1m $14.1m 0.35% Unchanged
5 Oaktree Fund Advisors, LLC 13.22% of their portfolio LOS ANGLES, CA 1,084,9171.1m $14.0m $14.0m 13.22% Added +417.6k +417,550
6 Temasek Holdings (Private) Ltd 0.08% of their portfolio SINGAPORE, U0 1,000,0001.0m $12.9m $12.9m 0.08% Unchanged
7 MONTANOVA CAPITAL, LLC 0.62% of their portfolio New York, NY 1,000,0001.0m $12.9m $12.9m 0.62% Unchanged
8 Lodbrok Capital LLP 4.46% of their portfolio LONDON, X0 753,530753.5k $9.7m $9.7m 4.46% Added +249.1k +249,148
9 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.04% of their portfolio SAN FRANCISCO, CA 500,000500.0k $6.5m $6.5m 0.04% Unchanged
10 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 146,350146.3k $1.9m $1.9m 0.00% New
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 34,00734.0k $438.7k $438.7k 0.00% New
12 Mariner, LLC 0.00% of their portfolio Overland Park, KS 18,97419.0k $245.0k $245.0k 0.00% New
13 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 15,14015.1k $195.3k $195.3k 0.00% New
14 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 2,3762.4k $30.6k $30.6k 0.00% New
15 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,2832.3k $29.5k $29.5k 0.00% Reduced -299 -299
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,1931.2k $15.4k $15.4k 0.00% Reduced -1.0m -1,038,727
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 499499 $6.0k $6.0k 0.00% New
18 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged