Tang Capital Management’s Avadel Pharmaceuticals AVDL Stock Holding History

Tang Capital Management’s Portfolio AVDL Stock Details AVDL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-2,097,500	Closed	-$32M	–	85
2025 Q3	$32M	Hold	2,097,500	–	–	1.23%	23
2025 Q2	$18.6M	Hold	2,097,500	–	–	0.94%	35
2025 Q1	$16.4M	Buy	2,097,500 +600,000	+40%	+$5.02M	0.91%	29
2024 Q4	$15.7M	Buy	1,497,500 +267,500	+22%	+$3.25M	1.04%	26
2024 Q3	$16.1M	Hold	1,230,000	–	–	1.15%	25
2024 Q2	$17.3M	Buy	1,230,000 +182,725	+17%	+$2.98M	1.76%	15
2024 Q1	$17.7M	Sell	1,047,275 -32,253	-3%	-$480K	1.84%	15
2023 Q4	$15.2M	Buy	1,079,528 +79,528	+8%	+$934K	1.41%	20
2023 Q3	$10.3M	Buy	+1,000,000	New	+$13.4M	1.45%	22

Other funds holding AVDL

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

GJL

Gendell Jeffrey L $11.3B AUM 163.06% 1-Year Est. Return

WAM

Weiss Asset Management Boston, Massachusetts $9.54B AUM 55.06% 1-Year Est. Return

TAL

TIG Advisors LLC New York $2.26B AUM 81.38% 1-Year Est. Return

Tudor Investment Corp Stamford, Connecticut $53.9B AUM 29.12% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

Vivo Capital Palo Alto, California $1.1B AUM 799.93% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Tang Capital Management's AVDL Position: Q4 2025 in Review

Tang Capital Management sold out of Avadel Pharmaceuticals (AVDL) in Q4 2025, closing a stake of 2,097,500 shares — an estimated $32M sold.

Tang Capital Management first reported a position in AVDL in Q3 2023 and held it in 9 quarters. The position peaked at $32M in Q3 2025. 207 funds tracked by Wall St. Rank hold AVDL as of Q4 2025.

Tang Capital Management reported no remaining Avadel Pharmaceuticals position as of Q4 2025 after selling out during the quarter.
Tang Capital Management sold 2,097,500 Avadel Pharmaceuticals shares in Q4 2025, an estimated $32M.
Tang Capital Management first reported a position in Avadel Pharmaceuticals in Q3 2023 and held it in 9 quarters.
Tang Capital Management's Avadel Pharmaceuticals position peaked at $32M in Q3 2025.
207 funds tracked by Wall St. Rank held Avadel Pharmaceuticals as of Q4 2025.

Based on Tang Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.