Vault-13

ALVOTECH ALVO

ORDINARY SHARES · Common Stock · CUSIP L01800108

67 institutional holders +13 vs Q2 2025
15,855,89015.9m shares reported held*
5.1% of all shares outstanding*
$128.1mreported value*
21 new 19 added 15 reduced 6 sold out net sold ≈ $10.0m (-1.2m 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: 312.0m as of 2025-12-31, 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 ≈ $8.08.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 15Q4 22: 12Q1 23: 18Q2 23: 18Q3 23: 20Q4 23: 19Q1 24: 23Q2 24: 32Q3 24: 33Q4 24: 46Q1 25: 52Q2 25: 54Q3 25: 6767Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202215
Q4 202212
Q1 202318
Q2 202318
Q3 202320
Q4 202319
Q1 202423
Q2 202432
Q3 202433
Q4 202446
Q1 202552
Q2 202554
Q3 202567

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 23: 8 bought or addedQ4 23: 6 cut or sold outQ1 24: 15 bought or addedQ1 24: 8 cut or sold outQ1 24Q2 24: 16 bought or addedQ2 24: 12 cut or sold outQ3 24: 12 bought or addedQ3 24: 14 cut or sold outQ3 24Q4 24: 27 bought or addedQ4 24: 12 cut or sold outQ1 25: 27 bought or addedQ1 25: 14 cut or sold outQ1 25Q2 25: 23 bought or addedQ2 25: 23 cut or sold outQ3 25: 40 bought or addedQ3 25: 21 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202386
Q1 2024158
Q2 20241612
Q3 20241214
Q4 20242712
Q1 20252714
Q2 20252323
Q3 20254021

Biggest buyers

MARSHALL WACE, LLP New +136,859+136.9k
VANGUARD GROUP INC Added +114,255+114.3k
GOLDMAN SACHS GROUP INC Added +93,075+93.1k
PRICE T ROWE ASSOCIATES INC /MD/ Added +63,799+63.8k
CITADEL ADVISORS LLC New +42,202+42.2k
RENAISSANCE TECHNOLOGIES LLC New +32,166+32.2k
JPMORGAN CHASE & CO Added +30,152+30.2k
XTX Topco Ltd New +27,246+27.2k
Quadrature Capital Ltd New +22,729+22.7k
LPL Financial LLC Added +20,032+20.0k

Biggest sellers

HEIGHTS CAPITAL MANAGEMENT, INC Sold out -1,090,664-1.1m
GILDER GAGNON HOWE & CO LLC Sold out -195,345-195.3k
MORGAN STANLEY Reduced -182,224-182.2k
ROYCE & ASSOCIATES LP Reduced -148,728-148.7k
Legal & General Group Plc Reduced -130,874-130.9k
Exome Asset Management LLC Sold out -78,372-78.4k
MILLENNIUM MANAGEMENT LLC Reduced -31,950-31.9k
UBS Group AG Reduced -15,865-15.9k
Balyasny Asset Management L.P. Sold out -14,134-14.1k
Vident Advisory, LLC Sold out -10,762-10.8k

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 Q3 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.

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 4,348,1514.3m $35.5m $35.5m 0.00% Added +114.3k +114,255
2 Bracebridge Capital, LLC 9.24% of their portfolio BOSTON, MA 2,705,3042.7m $22.2m $22.2m 9.24% Unchanged
3 OAKTREE CAPITAL MANAGEMENT LP 0.21% of their portfolio LOS ANGELES, CA 1,563,6761.6m $12.8m $12.8m 0.21% Unchanged
4 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 1,453,7101.5m $11.9m $11.9m 0.00% Added +63.8k +63,799
5 LITTLEJOHN & CO LLC 5.45% of their portfolio GREENWICH, CT 1,318,5341.3m $10.8m $10.8m 5.45% Unchanged
6 PointState Capital LP 0.15% of their portfolio New York, NY 1,049,0391.0m $8.6m $8.6m 0.15% Unchanged
7 BlackRock, Inc. 0.00% of their portfolio New York, NY 806,109806.1k $6.6m $6.6m 0.00% Added +264 +264
8 Legal & General Group Plc 0.00% of their portfolio London, X0 526,868526.9k $4.3m $4.3m 0.00% Reduced -130.9k -130,874
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 230,254230.3k $1.9m $1.9m 0.00% Reduced -37 -37
10 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.01% of their portfolio SAN FRANCISCO, CA 199,675199.7k $1.6m $1.6m 0.01% Unchanged
11 Lodbrok Capital LLP 0.01% of their portfolio LONDON, X0 181,587181.6k $4.9k $4.9k 0.01% Unchanged
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 175,071175.1k $1.4m $1.4m 0.00% Reduced -182.2k -182,224
13 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 137,447137.4k $1.1m $1.1m 0.00% Added +93.1k +93,075
14 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 136,859136.9k $1.1m $1.1m 0.00% New
15 ROYCE & ASSOCIATES LP 0.01% of their portfolio New York, NY 124,346124.3k $1.0m $1.0m 0.01% Reduced -148.7k -148,728
16 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 95,89095.9k $785.3k $785.3k 0.00% Reduced -10.2k -10,226
17 Oaktree Fund Advisors, LLC 1.15% of their portfolio LOS ANGLES, CA 76,02376.0k $622.6k $622.6k 1.15% Unchanged
18 China Universal Asset Management Co., Ltd. 0.04% of their portfolio SHANGHAI, F4 54,86854.9k $449.4k $449.4k 0.04% Added +1.3k +1,278
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 48,91048.9k $400.6k $400.6k 0.00% Added +30.2k +30,152
20 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 46,57646.6k $381.5k $381.5k 0.00% Added +14.2k +14,178
21 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 42,20242.2k $345.6k $345.6k 0.00% New
22 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 41,23841.2k $337.7k $337.7k 0.00% Added +20.0k +20,032
23 TBH Global Asset Management, LLC 0.06% of their portfolio Brentwood, TN 35,50035.5k $290.7k $290.7k 0.06% Unchanged
24 Steadtrust LLC 0.20% of their portfolio ALLEN, TX 35,39535.4k $289.9k $289.9k 0.20% Unchanged
25 Sculptor Capital LP 0.00% of their portfolio New York, NY 33,82133.8k $59.6k $59.6k 0.00% Reduced -7.0k -6,990
26 Tempus Wealth Planning, LLC 0.06% of their portfolio IRVINE, CA 33,80633.8k $276.9k $276.9k 0.06% Added +2.2k +2,154
27 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 32,16632.2k $263.4k $263.4k 0.00% New
28 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 27,24627.2k $223.1k $223.1k 0.01% New
29 UBS Group AG 0.00% of their portfolio ZURICH, V8 26,73826.7k $219.0k $219.0k 0.00% Reduced -15.9k -15,865
30 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 23,06523.1k $188.9k $188.9k 0.00% Reduced -963 -963
31 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 22,72922.7k $185.9k $185.9k 0.00% New
32 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 21,20421.2k $173.7k $173.7k 0.00% Added +180 +180
33 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 19,75919.8k $161.8k $161.8k 0.00% Reduced -31.9k -31,950
34 GWN SECURITIES INC. 0.04% of their portfolio Palm Beach Gardens, FL 19,59119.6k $160.5k $160.5k 0.04% New
35 Amundi 0.00% of their portfolio Paris, I0 19,41619.4k $166.6k $166.6k 0.00% Added +8.1k +8,059
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 15,34415.3k $125.7k $125.7k 0.00% Reduced -1.3k -1,279
37 Richmond Brothers, Inc. 0.07% of their portfolio JACKSON, MI 13,96614.0k $114.4k $114.4k 0.07% Unchanged
38 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 12,10112.1k $99.1k $99.1k 0.00% Added +1.8k +1,794
39 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 11,27011.3k $92.3k $92.3k 0.00% New
40 Ulland Investment Advisors, LLC 0.07% of their portfolio MINNEAPOLIS, MN 11,25011.2k $92.0k $92.0k 0.07% New
41 ProShare Advisors LLC 0.00% of their portfolio BETHESDA, MD 11,15111.2k $91.3k $91.3k 0.00% New
42 Mariner, LLC 0.00% of their portfolio Overland Park, KS 10,76810.8k $88.2k $88.2k 0.00% Reduced -5.0k -5,007
43 Magnetar Financial LLC 0.00% of their portfolio EVANSTON, IL 10,46210.5k $85.7k $85.7k 0.00% New
44 GF FUND MANAGEMENT CO. LTD. 0.00% of their portfolio GUANGZHOU, F4 6,7346.7k $55.2k $55.2k 0.00% Reduced -98 -98
45 State of Wyoming 0.01% of their portfolio CHEYENNE, WY 6,6066.6k $54.1k $54.1k 0.01% New
46 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,4006.4k $52.4k $52.4k 0.00% Added +6.0k +6,000
47 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 6,1766.2k $50.6k $50.6k 0.00% Added +4.3k +4,263
48 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 6,0196.0k $49.3k $49.3k 0.00% Added +934 +934
49 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3,8513.9k $31.5k $31.5k 0.00% Added +148 +148
50 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,4843.5k $29.0k $29.0k 0.00% Added +2.3k +2,338
51 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,7151.7k $14.0k $14.0k 0.00% New
52 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0331.0k $8.5k $8.5k 0.00% Added +706 +706
53 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 1,0301.0k $8.0k $8.0k 0.00% Unchanged
54 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 932932 $8.0k $8.0k 0.00% Reduced -859 -859
55 Rialto Wealth Management, LLC 0.00% of their portfolio SYRACUSE, NY 600600 $4.9k $4.9k 0.00% New
56 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 585585 $4.8k $4.8k 0.00% Reduced -282 -282
57 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 451451 $3.8k $3.8k 0.00% Unchanged
58 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 273273 $2.2k $2.2k 0.00% New
59 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 225225 $1.8k $1.8k 0.00% New
60 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 188188 $1.5k $1.5k 0.00% Added +139 +139
61 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 150150 $1.2k $1.2k 0.00% New
62 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 134134 $1.1k $1.1k 0.00% Reduced -340 -340
63 SWAN Capital LLC 0.00% of their portfolio PENSACOLA, FL 100100 $819 $819 0.00% New
64 Bare Financial Services, Inc 0.00% of their portfolio GAP, PA 6262 $508 $508 0.00% New
65 North Star Investment Management Corp. 0.00% of their portfolio CHICAGO, IL 5656 $459 $459 0.00% New
66 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 11 $8 $8 0.00% New
67 Compagnie Lombard Odier SCmA 0.00% of their portfolio 1204 GENEVA, V8 00 $0 $0 0.00% New